A Quote by Mike Belkin
Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.
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I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I'll be all right; I've got a few veg.
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.
But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
If the world does well, gold will be fine. If the world doesn't do well, gold will also do fine... but a lot of other things could collapse.
In the back I see many potential legends, some of them with warrior spirits. And you will do the same for them. You will decide if they live with the passion and intensity. So much so that you will tell your stories and you will make them legends as well. I am Ultimate Warrior. You are the Ultimate Warrior fans. And the spirit of Ultimate Warrior will run forever.
Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… Because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money…they will pass that money on to the consumers.
Greece bankruptcy will trigger a market crash. My advice: Buy Bitcoin & Gold Both will rise when the markets crash.
I believe that we will see a lot of destruction, but I believe that if we can see the right patterns and draw the right lessons from that destruction, we might be able to rebuild before it's too late. And then I have that ultimate optimism that even if we can't, life will rebuild itself. In a way, the global economy might collapse, but Gaia won't, and people's ingenuity won't. We will rebuild society, we will rebuild local economies, we will rebuild human aspirations.
Self-help books for those who believe 'You can have it all' often advise, 'Follow your bliss and money will follow.' With the collapse of the stock markets the reality of trade-offs is more like, 'When you follow your bliss, it's money you'll miss.'
Do not work primarily for money; do your duty to patients first and let the money follow; our life is short, we don't live twice; the whirlwind will pick up the leaves and spin them, but then it will drop them and they will form a pile.
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
What is born will die, What has been gathered will be dispersed, What has been accumulated will be exhausted, What has been built up will collapse, And what has been high will be brought low.
If your writing is good, if it resonates, if it connects the dots for anybody out there, the lovers will come, the haters will come, support will come — sometimes in the form of money, sometimes in the form of something less expected — and it balances.
The new markets that arise from ecological constraints will dominate the 21st century economy, and so will markets for knowledge.
The sneakiest form of literary subtlety, in a corrupt society, is to speak the plain truth. The critics will not understand you; the public will not believe you; your fellow writers will shake their heads. Laughter, praise, honors, money, and the love of beautiful girls will be your only reward.
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