Never. I think the better question to be asked is when will the Frogs finally realize the pot is boiling and massive inflation is being masqueraded as real economic growth? Because what many of us are saying is not bull$#@! it's just common sense and you can bet based on his investing portfolio alone that Ron Paul understands the same thing.
Serious change is coming and while timing is unpredictable the end result is not. The dollar will collapse significantly in value from here. Period. In fact that's all these grossly fabricated markets really are - a reflection of the slow and deliberate destruction of the dollar. The S&P is up almost 200% in 5 years. The market hasn't faced a single real correction since this QE/stimulus madness began in 2009.
Considering the following:
STL Fed Adjusted Monetary Base:
August 13th 2008: 875billion
August 20th 2014 4.125trillion
Chart is here:
http://research.stlouisfed.org/fred2/series/BASE/
It's hard to predict exactly when something goes exponential but that certainly looks like the start of it...
Like Jim Rickards has said, "I can look at a mountainside and tell you an avalanche is coming but I cannot tell you which snowflake will cause it."
The bottom line is this unprecedented expansion of the money supply has not produced the growth that was promised and has only helped in squeezing the middle class even further and enriching the .1% in the process. The entire world is also waking up to the fact the dollar is guaranteed to get weaker and that's why we've got so much instability world wide. Syria, Iraq, Ukraine, even Ferguson, despite the differences they all relate back to a declining dollar system. This will become a serious problem at some point soon and inflation will kick in (I think 1-2 years) and personally I would (in no particular order)...
1) Start buying stuff in bulk you're always going to need. You'll save so much in the long run if you do this even if the dollar doesn't collapse in value suddenly. This same piece of advice has been offered by people like Mark Cuban and Peter Schiff. It's not whacko to try and protect yourself from a 70s style inflation where assets go crazy because of dollar weakness. If you have a great supply of all the things you use and consume everyday you'll be siting pretty and able to help others out if necessary.
2) Buy precious metals. They are undervalued relative to everything else dramatically. Treasury yields have declined all year (which everyone in January said wouldn't happen with the supposed taper) and yet gold and silver have been relatively flat while this has happened. I believe they will have to catch up or yields will have to go back up on the 10yr and 30 yr which I kind of doubt since low rates are now the lifeblood of this manipulated farce of a market. The stock market meanwhile hits new all time highs day after day but again on what fundamentals exactly? And again, no significant correction since easing began 5 years ago. More than anything it seems like it's just reflecting the FRED chart from the link above while commodities do not follow suit in similar fashion. This all goes back to point 1 and protecting yourself. Everything is on sale right now in my opinion because of a inflated dollar value being orchestrated via massive market manipulations by the Fed, Treasury, and TBTF banks like JPMorgan, BofA, Goldman, Citi, and Morgan Stanley.
3) Buy guns and ammo! The world is literally on fire right now. As the US has devalued their currency in an attempt to avoid declaring bankruptcy or defaulting on their debt obligations the rest of the world has felt the effects as well because the dollar is THEE reserve currency. An anti-dollar alliance has been formed in the BRICS with more and more smaller anti-American nations joining in. This kind of economic warfare is totally unpredictable and it's why you've got America and Russia facing off in this new Cold War in Ukraine. It's all about resources now because that's how the commodity heavy BRICS will try to undercut the dollar system that is inflating equities. The entire United States could look like Ferguson a month from now if Russia and China or the BRICS collectively tried to devalue the dollar by playing manipulation games in their own way. There is the potential for mass chaos on the horizon because of the games other countries are going to try and play with the currency markets. These types of things can cause supply chain issues which can lead to all sorts of things like starvation. Arm yourself because a currency collapse is no joke and you should be able to protect yourself and your property in case it happens. Prepare for the worst and hope for the best. The worst case scenario here with guns and ammo is they'll keep going up in value as people continue to hoard them in droves due to the belief they'll be banned.
Once you've got yourself set up with all of this (figuring of course you've got a place to store all of this and start prepping) then perhaps you should start looking into bitcoin as a hedge against the capital controls that would inevitably come during international market warfare.
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