The No-Thanks-Giving Parade

By: GE Christenson | Mon, Dec 3, 2012
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Conclusion

Find your inner joy. What brings joy to your life? Is it your spouse, your children, your garden, your hobbies? Cherish those people and experiences. It will be quite important in 2013 that we maintain our positive perspective and our internal joy while the external world deteriorates.

Why? The answer lies in our No-Thanks-Giving parade of those who caused or enabled the current financial and economic trauma.

NO THANKS to the politicians who borrowed and spent OPM - Other People's Money - and produced nothing lasting except debt. Was there a better way?

NO THANKS to the military who turned wealth and value into a decade of death, destruction, and debts. Was it really necessary?

NO THANKS to the Federal Reserve for creating all the dollars that enabled the excessive spending on warfare and welfare and left Americans with the debts. It was profitable for the bankers and major corporations, but not for the majority of Americans.

NO THANKS to the creators of the mortgage-backed securities and their derivatives. Those weapons of mass financial destruction enabled a housing bubble and a financial crisis, and the result was millions of foreclosures and lost homes.

NO THANKS to the politicians who arranged for the bailouts, at taxpayer expense, of all those banks, AIG, Fannie, Freddie, the FHA, and many others.

NO THANKS to the lobbyists who worked frantically to preserve the highly profitable status quo for the political and financial elite.

"When the present path cannot possibly lead to success, regardless of the labor and treasure poured into the effort, then risking the unknown by trying something different is the only way forward." Charles Hugh Smith - November 20, 2012.

The current financial path of the United States is unsustainable, so we must do something utterly different. My suggestion: is Let's Be HONEST and admit:

Read We Have Been Warned! and Gold, Paper, and a Train Wreck.


Conclusion

Find your inner joy. What brings joy to your life? Is it your spouse, your children, your garden, your hobbies? Cherish those people and experiences. It will be quite important in 2013 that we maintain our positive perspective and our internal joy while the external world deteriorates.

The two most influential heavenly bodies are the golden sun and the silver moon. The two most important investments for this decade are gold and silver. The true gifts for Thanksgiving and Christmas are silver and gold. Let's give thanks for the individuals who spoke with wisdom and truth about the lasting value of gold and silver: Jim Sinclair, Richard Russell, and many others.

 


 

GE Christenson

Author: GE Christenson

GE Christenson aka Deviant Investor
www.deviantinvestor.com

GE Christenson

I am a retired accountant and business manager who has 30 years of experience studying markets, investing, and trading futures and stocks. I have made and lost money during my investing career, and those successes and losses have taught me about timing markets, risk management, government created inflation, and market crashes. I currently invest for the long term, and I swing trade (in a trade from one to four weeks) stocks and ETFs using both fundamental and technical analysis. I offer opinions and commentary, but not investment advice.

Years ago I did graduate work in physics (all but dissertation) so I strongly believe in analysis, objective facts, and rational decisions based on hard data. I currently live in Texas with my wife. Previously, I spent 20 years in Barrow, Alaska, the northernmost community in the United States, 330 miles north of the Arctic Circle.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/