Our friend and trusted economic expert Franklin Sanders has been on a roll in his email newsletter lately.
Fresh off a refreshing analysis of inflation, Franklin provided a beautiful and challenging overview of the big picture with regards to the economy, and why even he can get distracted from a solid understanding of our current economic crisis in the midst of the barrage of propaganda and irrelevant news. In his August 27th Moneychanger email newsletter, Franklin wrote:
CLARITY, that’s what we need, clarity of mind and purpose. We are sprayed daily by media firehoses that force our attention this way and that, but really only a few things are necessary, and only a few things forecast all the rest. Somebody told me once that the best commodity traders didn’t read much news, but only paid attention to a few important indicators. Most of us don’t have that clarity of mind.
Mercy, I fall prey to the fog, too. As long as I’ve studied money & the monetary system, you’d think I’d have learned how to spell “inevitability.” But my attention is diverted by the Fed’s QE sideshow or a gold & silver correction or a stock market rise on manufactured money or some gaseous guru.
No excuse for me. I understand that the central banking system is a scam, a fraud, a con game that will inevitably fail. I understand that over 50% of American income comes from federal & state & local spending. I recognize American imperial overstretch & remember how many empires have committed suicide the same way. Then I look at a six year economic crisis that won’t let go of the economy and an economy that remains comatose, & I know how this will end. I know all the money is borrowed into existence, so the Fed cannot possibly stop inflating, or the whole system deflates & bankruptcies abound. And I have observed that in the last 30 years the frequency and amplitude of economic crises has grown, now inveigling the whole globe. And I remember that the whole system rests on fragile human confidence alone.
Yea, I let my mind run over all those things, and clarity — sharp, acute, unrelenting, unforgiving, ruthless — returns. And I remember why I am holding silver & gold.
Clarity, indeed. Don’t let the day to day “news” distract you from the overall reality that we’re living in. This current global economic order is hurtling toward disaster and you need to be prepared for what’s coming.
Subscribing to Franklin Sanders’ Moneychanger newsletter is a great way to get educated about real money – gold and silver – and how to make wise financial investment decisions in the current climate of confusion.
Franklin Sanders quote (c) 2014 The Moneychanger, reprinted by permission. You may sign up for the Moneychanger’s free commentary on the gold and silver markets — and a lot of other things — at www.the-moneychanger.com.