April 05, 2010
Shit, Meet Fan.
Since I'm up anyway, (leaving for the airport in an hour), I thought I'd wing these two vids your way.
If this chap is right, and I strongly suspect he is, we are heading for a world of pain. It may just pay you to take his advice: get your dosh out of the bank and turn it into something of (tradeable) value. Gold, silver, diamonds, property, whatever. Let's face it, your money isn't putting on any weight at the bank. According to Mr Salbuchi, that £1000 that you put away for a rainy day could be worth as little as £250 very, very soon.
If he is right, it is going to piss down. A debt based economy has a limited life-span. We have been lucky so far, but that luck cannot last. What to do? What to do?
Three words for you: watch, listen, react.
The alternative is to do nothing, wait, cross your fingers and erm, trust that your financially astute government rushes to calm, comfort and protect you.
As always, the choice is yours.
H/T to Harry Tuttle over at the TPUC Forum.