Tuesday, November 20, 2007

Financial Sense - Uncommon News and Views for the Wise Investor


I guess I'm in good company with my gloom and doom.
I just sent another storm warning message and then up pops this. 
Please see attached.

This is the guy with the hard numbers and i have never seen him preseant his
conclusions with such a premonition of disaster.

And people don't need to take these predictions seriously as we all have the 
option of waiting it out and watching the water rise.
But after our feet get wet from rising water that is followed by more of the
same.
So really this is the time to look for high ground as i doubt our great and 
dear leader will be seen on the Tell-more-lies screen advising us we all
will soon be in New Orleans in a row boat.
http://www.financialsense.com/
What do the savvy people do when mkts are collapsing?
Buy government bonds and go to cash then wait it out while hoping the mob in
the street prefers the pleasure of broken glass and the free beer.

But what do savvy people do when the cash is also the world 'reserve 
currency' that is being dump for euros, oil, pm's and even the preverbal
chamber pots.

We'll strange as it may sound inflation will be the first monster to come
down the street sniffing for the blood of an Englishman though I'm sure s/he 
will settle for a Yankee's aswell.

Transferring some funds to other currencies is what people have always done
when possible or precious metals is another tried and true.
Currency exchange is usually handled through Ever Bank though the local will 
also do it for a larger fee.

I don't know what so special about real estate in Paraguay but the story on
the net (a blog) has it the Bush family has recently bought a hundred
thousand acres equipped with a new jet runway. 
I sincerely hope this story is BS for all our sake. But the story went on
that the Reverend Moon has and even larger holding near by. If the
evangelicals are also involved they got the maken's of a new Christian snake 
sandwich.

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