Deflation Is HERE!

Last week, the US Govt released a report that revealed a monumental destruction of wealth in America that sent chills up the spines of economists worldwide.

Just in the third quarter alone, U.S. households lost:
$647 billion in real estate
$922 billion in stocks
$523 billion in mutual funds
$653 billion in life insurance and pension fund reserves
$128 billion in private business interests.

Total destruction of household wealth in the third quarter: $2.8 trillion, the worst in recorded history.

That's 4X more than the government's entire $700 billion bailout package (TARP).

Total destruction of household wealth in the last year: $7.2 trillion or over TEN times more than the $700 billion TARP package.

You see how feeble and impotent the government's actions have been in the face of Massive deflationary pressures that are accelerating as time goes on.

We don't know how long or how deep the Deflation will be, but it is not a joke to say the un-sayable, The Greatest Depression may be around the corner. The only thing that is certain is that the cure is very likely to be Hyperinflation to get the economy moving again.

This sequence of events, deep deflation followed by hyperinflation is the stuff that great fortunes are made of. Look at the prices of gold and silver, they, like all the other assets are down considerably, 30 and 40% respectively and may go down lower as they are also the subject of massive market manipulation by several major banks.

These precious metals will always maintain their intrinsic value, no matter how low their price goes, as history proves.

This makes the vital task of spotting assets with good fundamentals that have been beaten down in the general deflation, easy. These are the ones that are a real buy now, and should be purchased even as they go lower under the sagging weight of the deflation and possible manipulation, as they will rebound into the stratosphere once the devaluation of the currency or inflation kicks into high gear.

In order for the world's debt to be repaid, the dollar will have to be skinned alive, devalued to the tune of 5 or even 10 new dollars for every one of the present ones.

This means that gold and silver will then sell for 5-10 times what they are selling for now!

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