SGM Metals

The FED has worked hard to defend their actions since the housing crisis but now are warning of the coming consequences of what has been served up as the solution they offered? When the money masters start back peddling, you better get ready to move.

The media played their part in shoving the Greek unrest into your face so that nobody at home realized the insider handouts of tax dollars nor the crisis they used to justify the banker bailouts. Now the truth is surfacing & people are waking up!

Gasoline prices are up because US dollar purchasing power is down. Ironically the same principle applies to stocks, but nobody seems to be willing to admit this fact. Americans need to brace for growing inflation & Obama gas prices are proof of that.

Inflation is a lagging indicator so its existence will be denied until its too late and prices are out of reach of most. The denial that monetizing our nations debt will bring inflation is juvenile at best and will ruin the nations ability to grow.

2/3 of manufacturing has been off shored & we are now a nation of message takers, change givers & fry cooks. Without real jobs the economy will shrink as the middle class who shops & dines out is taxed out of the ability to fund the service economy.

Today's modern consumer society wants everything as cheap as possible so they can appear successful through their material possessions. There seems to be a blissful ignorance as to the economic consequences of this dynamic & its costs to the nation.

The fairy tale we are sold regarding the 'investing for retirement' that has us buying & holding stocks & bonds is a death sentence. With quants, high frequency & prop traders jumping in & out of the markets all day we are simply along for the ride.

We have heard for decades "we are passing our debt on to our grandchildren", this is no longer true. Decades of bottomless deficit spending has now been hung around our necks and it threatens to drag down the nation into depression that will ruin us.

NO recovery has ever been established in the US or the EU, the western nations are desperately hoping to print there way out of this disaster. This timeless Keynesian playbook will not work when emerging economies are willing to wage a currency war.

Corporations & banks have benefited from the FED's fiat currency floods but will be forced to shift towards gold & silver to avoid losing their inflated gains. If 5% of cash on balance sheets went to precious metals it would cause a price explosion.