Mark???¦??s Column ~ Facing the Demons of Economics . . .
It is hoped that you have all had a great weekend. It???¦??s been an interesting one, particularly with the planning of the exit of Greece from the Eurozone. More information on that issue can be found here: http://www.zerohedge.com/contributed/2012-16-21/%E2%80%9Cdrachma-clauses%E2%80%9D-planning-greece%E2%80%99s-exit-eurozone
There are also ???¦?power shifts???¦? that are taking place overseas:
This quotation comes from the article previously posted. When you get a chance to review, it will help to bring things into perspective . . .
Give me some time, you say? I know we are moving through this material rather quickly but understand, ???¦?change sometimes happens overnight.???¦? Barack Obama apparently never figured that one out. Take a look at what is going on with the housing industry: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74690280
There will be at least another 10-20% loss in the value of homes and millions more foreclosures unless good Ole???¦?? Uncle Sam figures the program out. My estimates are that Uncle Sam will continue feeding the banks, and starving the people. You know that story by now. At least I hope you all do.
This past couple of days it has been announced that the US military has cancelled a performance by Ted Nugent where he was going to be performing with Styx and REO Speedwagon. Well, Ted, I???¦??ll have you performing with one of the vocalists from Styx shortly after we have a moment to listen to this song. Everyone go grab a Sunday afternoon beverage. The intensity will continue to rise in these reports (I can assure you of that!) ~
In Your Letter by REO Speedwagon ~ http://www.youtube.com/watch?v=sFZkIHR99NA
You know, at the end of the day we are all beginning to realize, this nation is in serious trouble. We are not in trouble of being bombed. We are in trouble of losing our financial system and our education systems due to a severe lack of accountability by those that are in office at the present time. Things have got to change, and they will. I just wonder how it is going to happen, particularly with the currency markets.
Here???¦??s another thought to ponder ~ gold and silver have been exploding in value over the past 5 years. Actually, gold began its???¦?? take-off somewhere around the year 2000. Silver initiated its???¦?? takeoff shortly thereafter. Here???¦??s a pretty good summary of the economy situation in the United States as written by Bill Bonner:
When you take a look at the broad perspective of things, it is apparent the fiat systems around the world are collapsing. The Central Banks are not functioning properly, nor are those who are in positions to make them function properly. We can see that this is the truth due to the collapse of the financial systems, and the housing industry. What???¦??s next? It appears to be the bubble in Student Loans is next. Gee, if we can???¦??t employ our new graduates from high school, what are we going to do when they can???¦??t get loans for college? Or more importantly, what are they going to do when they can???¦??t find jobs and their student loans become delinquent? Has anyone ever heard of the word, ???¦?Crime???¦?? We???¦??ll just have to wait for events that transpire in Chicago during the NATO meetings. That will be a harbinger of things to come.
Okay, we???¦??ll listen to one more tune while we end our rant.
High Enough ~ Damn Yankees with Tommy Shaw of Styx and Ted Nugent
I hope you all enjoyed our ???¦?Special Report???¦? this weekend. Events around the world are rolling quickly, particularly in the ???¦?fiat???¦? systems of currency as well as the stability of the European Union. We are headed towards the biggest ???¦?Black Swan???¦? of our time.
Graduate from Utah State, Penn State and UC Irvine Universities