Today’s pre-weekend RANT is as much a round of congratulations as a pep talk.
Given what has taken place this past decade, PHYSICAL gold and silver investors have much to be proud of. Think about the relatively “blissful” 1980s and 1990s, then consider what we have experienced since the turn of the century:
- The “Tech Wreck”
- Iraq/Afghanistan War
- 2001-2002 recession
- WorldCom, Enron, Madoff, MF Global scandals (among others)
- Real Estate Crash
- Fannie Mae/Freddie Mac, Bear Stearns, Lehman Brothers, WAMU, Countrywide, Merrill Lynch, Wachovia, AIG, Citigroup, GM bankruptcy and/or nationalizations
- TARP, TALF, etc.
- European economic collapse
- Japanese economic collapse
- Downgrade of U.S. AAA status
- Global QE
- GOLD CARTEL!
- Surging inflation, unemployment
- Patriot Act, NDAA, etc.
- Wall Street takeover of Washington
- Etc., etc., etc.
Each of us has a story of how we got from “Point A” – the top of the U.S. market bubble of 2000 – to “Point B” – the horrific conflagration of global economic ruin that stands before us today. Some of us have passed unscathed, some – like myself – have fought like hell to keep their balance, and some have faced significant economic challenges.
Let’s face it, we ALL face difficult obstacles ahead, many inconceivable to those born after World War II. However, anyone reading this RANT has likely taken steps to PROTECT themselves from what’s coming, while some may have profited already. I view this blog – and anything related to Miles Franklin – as an oasis in the desert, where smart, like-minded people come to validate their “non-consensus” views and empower themselves to make the few “right” choices from a smorgasbord of wrong ones, not much different than what Mr. Donovan dealt with when asked to choose the one true Grail from a roomful of false ones.
Donovan represents everything Wall Street is today – conniving, ill-informed, misguided, and sociopathic, yet charismatic enough to prosper in a corrupt, malevolent world, while Indiana Jones is the opposite – studious, decent, and grounded. Most of the people “advising” us today are like Donovan; wolves in sheep’s clothing, who rarely have the “right” answers, and even more rarely would tell you if they did.
Fortunately, the “RANTING ANDY ARMY” knows to avoid siren songs emanating from forked-tongues, instead following the few Indy-types out there – as I call them, the “good, smart people.” There is a reason I continually quote the same dozen or so commentators in my RANTS, as only they have been cunning enough to survive where most have perished, understanding the true nature of financial markets and, equally important, humanity.
I salute my readers for their courage in refuting the endless criticism, insults, and jibes about their NON-MAINSTREAM views of the world; that real estate does not rise forever, bailouts and government intervention are not beneficial, and – most of all – PHYSICAL Precious Metals are superior to PAPER investments. No one understands that difficult road more than me, so the brotherhood I am forming with Miles Franklin and its allies is as important as any I’ve made in my life.
We have all been through difficulties in the past decade, and I expect the coming years to be the most difficult the world has seen since the 1930s. Only this time, the only monetary anchor will be PHYSICAL gold and silver, of which less than 2% of the world’s population owns. Prepare yourself for the worst case scenario, and hope for the best. Remember, the ultimate goal is to financially SURVIVE what is coming, and secondarily, to THRIVE once the dust clears – whenever that may be.
PROTECT YOURSELF, and do it NOW!