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Is the world on the verge of another massive global financial collapse? Yes. The western world is drowning in an ocean of debt unlike anything the world has ever seen before, and our financial markets are gigantic casinos that are dependent on huge mountains of risk and leverage remaining very stable. In the end, this house of cards that has been built on a foundation of sand is going to come crashing down in a horrifying manner. Usually in this column I go on and on about why things will soon get much worse. But today I am going to take a bit of a break. Today, I am going to let some of the top financial professionals in the world tell you why things will soon get much worse.
This may seem cliche’, but I wanted to share this personal story with you guys. A “friend of the family”, who is a retired “fed” consultant and has intimate knowledge of global financial systems has been harping on us for the last few years to invest in gold and precious metals, but said something shocking in a conversation yesterday. He is no longer investing in any precious metals and has advised us to invest as heavily as we can in personal commodities, ie: food, firearms, non-gmo seeds, manual implement tools, hand tools, etc…. This type of advice is so out-of-character from this guy, and he was so very serious that it really made me listen. He was also very reserved in the sentiment that this may be the last Thanksgiving that our extended-family can spend together for some time. Like I said, this gentleman has been giving our family very sound financial advice for over 30 years, and this is the first time we have seen this type of reaction to current events. Likewise, he thinks we’ll skate through this holiday season but feels things will drastically start to unravel after the first of the year. Again, I’m not trying to reign down with doom and gloom, but I was so taken back with the seriousness and scale of this conversation that I felt I had to share it with Micheal and his readers. May God bless you and all your families this holiday season.