Right now everyone is wondering when the economy is going to recover. They are waiting for it as a tribesman awaits rains coming to the desert. Oh won’t it be a glorious day when the Dow reverses course and begins a sustained climb, the banks open the mortgage food gates and “good Americans” do their patriotic duty and spend money?
Hold on, my problem with this is in reality this is the recovery! The nation turned into a bunch of credit, debt and spending addicts. What you see now is the nation in rehab! 300 million addicts coming off the spending spree and going through detox!
It won’t last! The Federal Reserve and their drug cartel (banks, credit card companies and financing organizations) might not be willing to kill their clients with an overdose, yet they can’t allow them to go strait either.
Soon the peer pressure and dealer pressure will start up again. Come on honey the Jones family just got a new car, the Smiths at work just got a new house and their are buyers for our house now. Besides I just got a raise and we have saved up a lot of money. Let’s enjoy life, you can’t take it with you!
The TV and Radio and the Dancing Girls at Weather.com will advertise “low mortgages that anyone can qualify for”. The good times will return! With them, inflation like we have never seen before. When it happens don’t forget the pain of today, don’t go back to being an addict. “Stay the course”, the one your grandparents set, value your money, save for a rainy day and buy what you need, not what you covet.
Today’s show discusses these concepts, explains the fallacy of a decline in the M3 Money Supply and will help you deal with a recovery that will actually be a relapse of the addiction and lead to a bigger crash then we just went through.
Resources for Today’s Show
- Region 5 Get Together – All are welcome and asked to consider attending
- Buffett Forecasts Recovery and Inflation
- US M3 Money Continues to Expand
- The Fed Loans out 2.2 Trillion of Our Money, Won’t Tell Us to Who or Under What Terms
- The Consequences of Continued Inflation
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