Sunday, September 21st, 2014

Don’t Worry, Be Happy, and PREPARE!

Deviant Investor
Deviant Investor
November 12th, 2012
Reader Views: 2,399

What is on our “worry” list?

  • The winner of the presidential election has been determined, so we can stop worrying on this issue. (Financially speaking, did the election really matter?) A few politicians will come and go, but not much will change in our economy. Government will spend more than it can afford and will bail out more banks and the politically connected.Worrying will not help, but anticipating consequences will help. Read We Have Been Warned.
  • The Fiscal Cliff. Politicians will do nothing until they are forced by circumstances to address the consequences of their past actions. There is no need to worry about this problem; it is not changing. Read We Have Been Warned! – Part 2.
  • The budget deficit and the trade deficit. See the previous bullet in this list.
  • Unemployment. Yes, this worries me. Real people need work, and our economy is not doing well at creating jobs. Do you see any plan, anywhere?
  • War and peace in the Middle East and North Africa. As it was in the beginning, is now, and ever shall be… Their problems are not going away anytime soon, so there is no need to worry. But planning for your gasoline price doubling during the next four years is sensible.
  • Who will be voted off that dancing show? Okay, just kidding.

What can we do about all our worries? Very little! Based on past actions of government and The Federal Reserve, we can anticipate:

  • Massive government deficits – spending rapidly increases while revenues stagnate, just as has occurred over the past four years.
  • Money printing – liquidity injections – bond monetization – QE4-Ever from The Fed. Given the current conditions, continued “printing” seems not only inevitable but necessary to prevent a financial implosion. Inflate or die!
  • Increasing consumer prices for food, energy, health care, taxes, and much more. Our standard of living will decrease.
  • Volatile stock, bond, commodity, and precious metals markets. Look for commodities and precious metals to continue their 10 – 20% per year increases, but with more volatility.
  • And more of the same.

Don’t worry, be happy, and PREPARE for the inevitable money “printing” and resulting inflation! Anyone reading this article probably can’t fix 99.9% of the above, so buy gold, buy silver, avoid leverage, get out of debt, and watch the spectacle. It is certain to get more exciting, complex, and interesting.

Are you PREPARING for the “New Normal”? Are you buying gold and silver?

 

GE Christenson
aka Deviant Investor

Delivered by The Daily Sheeple


Contributed by Deviant Investor of Deviant Investor.

About Deviant Investor: I am a retired accountant who has 30 years of experience following markets, investing, and trading both futures and stocks. I have made and lost money during my investing career, and those successes and losses have taught me much about markets, timing, risk, inflation, and crashes. I currently invest for the long term, and I swing trade (in a trade from one to four weeks) stocks and ETFs. 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 data, analysis, objective facts, and rational decisions based on hard data. I currently live in Texas.

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  • Milo Mindbender

    For those just starting up with the “Home” game a little percaution, always buy small amounts, and do not allow anyone to know you are a “Crazy Doomsday Prepper”. If they find out either everything you say is crazy, or they are planning on showing up on your front porch with a list of demands at the first sign of trouble. If you buy the big ready packed kits you will end up on th “official” list of malcontents and possibly get visited by the local co op officials when the breakdown occurs. Buying small bags of extra stuff each payday keeps you off the radar, and doesn’t hurt a tight budget much, it is also a better return on your money than T bills at this time.

  • Locus

    Cute article until the punchline,

    ((Are you PREPARING for the “New Normal”? Are you buying gold and silver?))

    Right, so you can silver plate your survival chickens and gold plate your butter churn. Don’t forget to stockpile some paper currency to feed the goats, though McDonalds gift certificates have more nutrition.

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