Tony Lepage

I’ve been doing a lot of research about our economy and that of our southern neighbor, the good old u. s. of a. In fact, I’ve learnt a lot more since the last time we spoke. I’ve researched both sides of my arguments and I’ve taken a few steps backwards to evaluate my positions. I’ve done it a lot of times.

You may notice that I got rid of that slogan that used to be listed above under my name… you know, the one about “Silently posted vs. publicly ranted.” I have decided that the economic theories that I like to share with friends are not rants. I have decided that I am not eccentric about these investment philosophies. They are warnings and it would be wise to take heed. Don’t take my word alone, do some fact checking of your own and see what is really going on.

It may be fun to laugh when I start talking about Gold or Silver. It may be fun to pretend like I rant about this all the time. But where does this reaction come from? Is it a resistance to think that everything isn’t as peachy as you’d like to believe? Perhaps you’re in denial, or perhaps you think someone will come and save you if anything bad happens. Oh sure, it could never happen. You’re right in a way, it can be stopped from happening, but only if you (and everyone you’re conforming with) wake up and realize that it has to be a group effort and it needs to happen fast.

Right before us, right now and over the next few months, there is a window of opportunity. We must, as a civilization, not just you and me; we must fix what is wrong before it blows up in our faces. What will blow up? Aren’t you being a little dramatic? Perhaps, but before you judge, don’t you think you need to read up on the matter yourself? Oh, that’s right… you haven’t.

We must be far sighted. We must take preventative action. There is no action with inaction. If everyone believed what I am saying (or for that matter, if they cared) then we would take (and thus, the market would take) preventative measures and a severe crisis would be averted. I will save the details for another post (in the very near future)—but for now, I need to articulate my frustration. Perhaps I will delete this post in a couple days, or maybe I won’t.

Although I said I won’t go into specifics, the details are many and are not exclusively limited to swelling government deficits, lack of real job creation, ballooning markets teetering on popping, growing international conflicts, and our ALWAYS increasing reliance on oil.

Iran is the #2 producer of oil within the OPEC nations and they are telling the world that within the next ten years, they will become an IMPORTER of energy. This is why they want to enrich uranium—yeah they really do want nuclear reactors for energy. What does this say for the price of oil? What does this say for an oil economy? An economy that has a rate of consumption that continues to increase dramatically in the face of $70 oil?

Over the next few years the following may occur. Generally, this is what I’m planning for. As the Federal Reserve breaks the American economy by increasing the interest rate too much, expect them to react by pumping the economy with money. This will prevent a complete collapse of their economy but it will significantly decrease the value of paper currency.

Hopefully, you have reformed your denial and are able to see this happening. Sure, when I spell it out like this it can’t be hard, but remember, if the dollar is decreasing, then everything else will be increasing… salaries, the stock market, home prices, etc. This will make it hard to see the real information, the real facts. TV is a powerful tool of mass persuasion. Remember to take a step back and look in all directions, not just the shortsighted direction in which all the lemmings are running.

On a final note: think of all the times that I “ranted” and think of all the different people I have ranted to. If any of them had listened to me, they’d have enjoyed an increase of over 200% in 1 year. Gold closed today at $708.00 an ounce, or $780.00 Canadian. The USD tanked a lot today. Expect a drop in gold and silver, stop consuming and save some cash. Then when an entry point opens up for you, jump in. Remember, it is still cash. And most importantly, if you buy into gold or silver, make sure I’m not selling to you—that would mean you’re still a lemming.