tag:blogger.com,1999:blog-2745462394676844010.post1851851614867731327..comments2024-03-25T09:55:42.957+01:00Comments on Francesco Simoncelli's Freedonia: La forza del dollaro potrebbe invertirsi in un attimoFrancesco Simoncellihttp://www.blogger.com/profile/13310353566486966696noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2745462394676844010.post-21586513304588082262015-06-03T13:33:58.304+02:002015-06-03T13:33:58.304+02:00Hi Mr. Murray.
I recalled another story while rea...Hi Mr. Murray.<br /><br />I recalled another story while reading your comment. It's about a person who felt alarmed as the Y2K was approaching. A great scholar, a great writer. The end of the last century has been rather anxious for some people, especially for this scholar/writer. Before the new year eve, he wrote many articles about the possible meltdown of our society. The more he explored it… the more he thought about it… the more convinced he became about his arguments. He foresaw millions of people with no money… and then no food. He foresaw riots in the streets… and worse.<br /><br />Then he decided to take precautions, stashing food in a rural place where he decided to move with his family. It was far away big cities. No living beings in sight for miles. With his family he began the countdown to the year 2000.<br /><br />As we experienced, nothing has happened. Everything has worked as it should. But was he wrong? Was he wrong to give a warning about an event which odds had been only 1 in 1,000 or 1 in 1,000,000? And wasn’t it partly because of him, and others like him, that billions were spent to correct the problem before 2000? I think you should be proud of what you've done. You protected your family because you saw a predictable threat to them; and you still protect them thinking about the future of your heirs.<br /><br />Many people doesn't care. Many people didn't care. Relying on their present, they screwed our future. Their long run is our present now. They thought the long run was far away, so they didn't watch over government interventions and other market manipulations. They gave a free ride. As long as the checks kept coming, as long as they could cash in Social Security and Medicare benefits, they gave free rides. They believed to the government propaganda. They believed to the central bankers propaganda. They believed to the mainstream media propaganda. As long as the checks kept coming, they gave free rides. But Boston porfessor Laurence Kotlikoff showed us that this situation cannot go on forever. It has to stop. There are more than $200 trillion in unfunded liabilities pending on Uncle Sam. This means that the checks will not come anymore. This means the state will go bankrupt. That will be the reckoning day. People like me and you are see this coming and we're prepared. What about others? People like me and you will spare a lot of suffering to our heirs. What about others?<br /><br />By the way, the famous scholar mentioned above is Gary North.Francesco Simoncellihttps://www.blogger.com/profile/13310353566486966696noreply@blogger.comtag:blogger.com,1999:blog-2745462394676844010.post-61425975179797580392015-06-03T11:13:13.277+02:002015-06-03T11:13:13.277+02:00The deterioration of the dollar (and our economy) ...The deterioration of the dollar (and our economy) is a slow process. In 1979 (when we had +18% interest rates and inflation) everyone thought we were close to the end and there were many hard money books, newsletters, gold shops, and prophets of doom. I liked a particular book called How to Prosper During the Coming Bad Years. It made so much sense to me I bought a farm, gold, silver, freeze dried food, water purifiers, and was all set for what never happened. My wife ran off, gold and silver tanked, and that freeze dried food tasted like cardboard so I pitched it. The book was an interesting read, and I like it to this day. The author's perspective was spot on, but rarely is the word trillion even used- he could never imagine debts and spending could be where they are today. In 2000 I went to Italy and found they did not use the last two zeros on items priced in Lira; that's probably what will happen here. I think all these articles and books are right, but the collapse may never happen in our lifetime. Now, I stack silver with the hope of it benefiting my heirs, (or theirs.)charles murraynoreply@blogger.comtag:blogger.com,1999:blog-2745462394676844010.post-78509708122766110072015-06-02T21:00:57.574+02:002015-06-02T21:00:57.574+02:00ma il buon rickards sa che casino è l euro?ma il buon rickards sa che casino è l euro?gdbnoreply@blogger.comtag:blogger.com,1999:blog-2745462394676844010.post-3310170217887978762015-06-02T15:20:02.466+02:002015-06-02T15:20:02.466+02:00E' incredibile come tutto si regga su illusion...E' incredibile come tutto si regga su illusioni. Come queste vengano continuamente rinnovate e rialimentate. Come vengano richieste e bene accolte. Sono rassicurazioni. E tutte dicono: stabilità. Immutabilità. Continuità. Solidità. Fiducia. Fede.<br />Le valute fiatmoney rappresentano solo la credibilità di chi le impone e le gestisce.<br />Ma, se tutti mentono, a chi credere? Nel più minaccioso?<br /><br />Credere in altro. In se stessi. Liberarsi da ogni sudditanza psicologica.<br />Dare credito alle proprie libere scelte ponderate e responsabili.<br />Scelte di vita.<br /><br />Il Potere non è mai credibile. Men che meno se minaccioso. Lasciamolo solo, perché sic transit gloria mundi.dnanoreply@blogger.com