Saturday, November 24, 2012
We have created a complex and interdependent system to support our crowded planet and its urban centers that give us exquisite cuisine, luxurious hotels and apartments. We can walk into shopping districts and buy virtually anything we desire in moderate to large urban centers, but this is also a vulnerability of our system. Simply put.......its crowded. Herein lies danger for the system if there is a breakdown of the JIT delivery of goods and services. Many of our East Coast readers know from first hand experience just how weak the system really is. Imagine a grid or two or three shutting down from a major earthquake or an Electromagnetic event or one of many other potential disasters. We have pushed ourselves into an unsustainable system economically and the cracks are beginning to appear. We will learn lessons from our mistakes and redundancy will be engineered into many of our weaknesses on the other side. You just need to get to the other side. It may be long hard slog for many of us. For those of you with health care issues I want you to try and look at your current access to health care and think about what effect not having access to your doctor or pharmacy for a few months and think what precautions you may need to take. Note that for many now its very hard to get more than a months supply of medication. Look what happened in Mexico when the Swine flu epidemic hit them a few years ago. NO access in many hospitals and ERs and people were dying in waiting rooms and sidewalks outside of hospitals.
We are going to maintain this forum as long as the PTB allow it. We will enter into the final deflationary wave next year. My best guess and its only a guess is they will hold the market until Spring. They have done a pretty good job of printing money over the past three years and most of the developed world is still in fair shape. However the cracks are showing up in many ways now and even the average citizen feels that things are "not right"..... even a foreboding is creeping into the pollyanna populace. Just to make the CONfidence more unstable the PTB have begun a campaign labelled the "fiscal cliff". I won't speculate for you why they are bringing it into the MSM hourly NOW....but you can go back a couple of years when the same campaign began with the PIIGS.
Metals look like they are going to take them up but as usual it won't be straight up just like we talked about this summer when they came up for that leg. I believe we will get a confirmed buy this week. gl
Posted by kliguy38 at 9:32 PM