Dear Friends:
Dr. Martenson completed chapter 18 last week. If you have not been taking his crash course (and I suggest you consider taking the time to do so), this chapter is a good summary of all that was covered before. Try it.
http://www.chrismartenson.com/environmental_data
Now, this weekend the US Government is trying to decide how to help Lehman (and probably WAMU). If you don't think something big is happening then you may be blinded by the political news which taking the oxygen out of really important news. The Fed has printed almost a Trillion Dollars this year to maintain the money supply and do the financial bail out of Bear Sterns, Fmac, Fmae. Seems inflationary to me and I think a sound personal financial strategy now needs to consider future inflation.
I know some of you will say that we really didn't print the money but rather provided US government backing to cover the losses. So let's add this to other off-balance sheet financing like Social Security and Medicare. So do the math: If the US government took 100% of all salaries, wages and corporate profits, it can barely meet its obligations on an annual basis-- this is a tipping point.
Gold is starting to look pretty cheap at $765/oz.
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