Getting Caught in the Crossfire

You may or may not have heard about the incessant rioting that has been taking place in major UK cities over the last couple of days. Originally, what sprang to mind when the unrest began was that there was some moral highbrow reasoning to it, but as the reports came in, there appeared to be no real motive.

The turmoil sparked in Tottenham on saturday night over the shooting of a man by the Police (for which my heart goes out to the family, and is certainly a moral motive, given the reported circumstances), but behaviour that ensued would never win any public support.

Now, I’m going to frank here, I am not one for violence, but, I can only see it as necessary consequence in certain scenarios, albeit as a very, very last resort. But I draw the line at innocents becoming victims, that is one thing that I cannot bear (and yes, that includes  the current imperial crusade of the middle east)

There have been many reports of burglaries, looting, muggings, you name it thoughout the country. My question is, how does that get any point across? But the real fact of the matter is, dependant on all kinds of different things, there is a huge possibility of getting caught in the crossfire in any situation. People have had their homes burned down, and family businesses looted and ransacked.

Getting caught in the crossfire doesn’t just happen with violence and rioting, it is happening as we speak with your finances…

For those of you who regularly read this blog, you will understand my enthusiasm for economics, and my penchant for pointing out the farce of paper money. My problem is though, how to illustrate the issues that are about to happen (and we see happening now). If you have not begun your financial education yet, I believe it is an absolute must to get on with it as fast as you can. If you are a baby boomer and have your pension denominated in paper assets (stocks, bonds etc). You are about to be robbed blind (My opinion, doesn’t constitute financial advice btw)

What I am trying to say is, don’t listen to any of my opinions, go and research the effect of paper money on a society (and what money printing will do). If you think times are tough now, it’s going to get worse, now is your very last chance to prepare. The value of the dollars in your pocket are going down at a rate of about 10% per year, the value of your stocks went down 6% last thurs, so if you invest your money in stocks just be careful.

By the looks of the US debt crisis, congress and the President have essentially just agreed to print more money. By reasoning of the downgrade of the credit rating of US debt, I doubt there will be so many private investors in the bond queue as there weren’t before (hence the quantitative easing). Ben Bernanke is going to have to disguise QE3, because it will be an even bigger signal that the US is in big trouble (to see the effects of QE on the average citizen watch Quantitative Easing and the Stealth Theft x3)

Shoot me an email if you want to know what I am doing to prepare myself @ [email protected]

Vive la Resistance!

Benny

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