Reading on a Saturday Morning
Richard Maybury publishes The Early Warning Report and Chaosistan.com
Friends have forwarded the occasional copy or link for a while now.
Membership went on sale recently so I signed up.
As yet, I have no opinion.
The quote below links to the signup page.
“What Obama and his toadies have repeatedly demonstrated themselves to be is fascist.
Fascism is the most simple-minded of all political philosophies, it boils down to just 16 words:
Power holders should do whatever appears necessary, no exceptions, no limits, and no definition of necessary…
We have no way to know what Obama, Bernanke, Geithner or any of the other kingpins will think is necessary, so there is no way to know what they will do to the economy or investment markets.
Fascism has no plan, it is 100% pragmatic, a fire fighting mentality, not an agenda mentality.
Its only answer to any problem is, more government...
Let me emphasize, the government’s top people are not constrained by ideology…the comment by the Director of National Intelligence, that US officials have the right to kill — without a trial — American citizens they suspect of terrorism.
If these people will do that, they will do anything. They are already across the final line.
“We should expect them to inflate the money supply to whatever extent they believe necessary, no limits.
This is why I believe that before the Great Monetary Calamity ends, somewhere between three and ten years from now, we will see gold at $10,000, silver at $100 and platinum at $10,000...
Remember, however, that I am not saying the precious metals will rise this much, I’m saying the dollar will fall this much.”
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