When I commenced my “TEN YEARS OF HEAVEN AND HELL” in
May 2002 (soon to be eleven),
my first“shadow world” mentor was Richard Russell;
a shrewd, hard-edged New Yorker that moved to San Diego decades ago. It was
he – and shortly thereafter, Jim Sinclair – that taught me the “ABCs” of
currency debasement. I bought in 100%, and have not altered my fully invested PM position
since (except, of course, swapping my 100% mining
shares position for 100% PHYSICAL bullion). As it
turned out, he was DEAD ON; and thankfully, I have not only PROTECTED my
assets, but utilized such knowledge to create a new career for myself…
Of all the things I’ve learned, perhaps the TWO MOST IMPORTANT
CONCEPTS emanated from Richard Russell; in what feels like a lifetime ago. I mean,
back then, I was an Energy analyst living in Park Slope, Brooklyn; while
today, I am married,
living in Colorado, and marketing Precious Metals.
Around that time, Russell coined the term “INFLATE OR DIE”; which,
translated to 2013, equates to “QE TO INFINITY.” In other words, the
understanding governments MUST continue to PRINT MONEY – as fiat currency regimes, by
definition, are PONZI SCHEMES – has been the overarching theme of my
investment outlook; today, more so than EVER…
Secondly, he coined the term “PRIMARY TREND” to describe indomitable, inexorable market forces
that CANNOT be stopped until they fully “express themselves.” In this
case, he was referring to the upcoming dollar collapse and PM explosion; no matter how hard the government
or its henchman Central banks attempted to prevent it. To avoid immediate economic
implosion, they must “INFLATE
OR DIE”; and thus, the “PRIMARY TREND” of collapsing
currencies and rising PM
prices must continue…
I’ve learned quite a bit since then; such as that the “dollar index”
is not the best proxy for “currencies” because of its heavy Euro weighting;
or that “DOLLAR-PRICED GOLD” is
not the only proxy for gold – given it’s priced in ALL currencies.
However, the BIG PICTURE remains the “PRIMARY TREND” of fiat currency collapse and
REAL MONEY appreciation; and with each passing day, the odds of “full
expression” of these trends dramatically increase. Once you understand
this “HOLY GRAIL OF THE FINANCIAL WORLD,”
you’ll realize how easy it
is to prepare for the inevitable
END GAME.
Read
the Friday Afternoon Wrap-Up for 2/8/2013 and the Monday Morning Commentary
for 2/11/2013
