Peter Brimelow at Market Watch:
“Schultz also recommends an asset allocation of 30-45% gold stocks & bullion; 20-30% notes/bills/bonds in diversified denominations; 20-25% commodities; 1-5% cash in hand (“stored privately”); 0-5% bear stock market protection in a variety of 200% inverse Exchange Traded Funds like ProShares UltraShort Dow30 /quotes/comstock/13*!dxd/quotes/nls/dxd (DXD 25.44, -0.02, -0.08%)
Schultz may be worried about his health but he has not lost his knack for eccentric, possibly prescient, edginess. He leads his current issue:
“I’m happy to announce the end of World War 3. The Iran war, which triggered World War Three, planned by the Pentagon and Mossad, has ended, actually before they began. It’s a first in history!
“How do I know this? Follow the money, not the propaganda. Four US banks are to open branches in Iran!…Citibank and Goldman Sachs are among the first applicants! Since Goldman Sachs is the alternate, or behind the scenes US government, as we all know, that name/news assured me of the good news.”
Although I would like to believe that this move by Goldman et al portends a calming hand in US/Iranian relations, I fear that the ‘conspiracy’ of shadow government will now extend to the Armadinejad regime as the money-men move in and turn the Iranian economy into a war economy so the US can keep raking in squillions from making conventional warfare even more profitable.
IMO there ain’t no ‘good’ as opposed to ‘bad’ political leaders in this world. From my perspective, as the dominant western economic model (with it’s central banking and exotic financial instruments) insinuates itself into Iran’s economic fabric, it will be interpreted by me (at least) to mean the Iranian leadership will be using the organs of government to rob from the poor to keep themselves rich from now on. If they weren’t already.
I have no optimism left, unfortunately. I live in the supposed ‘luckiest’ country on earth, Australia. What a joke. We have third world living conditions existent in our Aboriginal communities.
http://au.news.yahoo.com/thewest/a/-/breaking/7086788/sanderson-wants-regional-government-to-improve-aboriginal-living-standards/
Our so called ‘Universal’ health-care system is so badly maintained that children die from treatable conditions for no good reason.
http://www.perthnow.com.au/news/western-australia/northam-hospital-under-investigation-after-deaths-of-infant-and-teen/story-e6frg153-1225926668713
We have massive inequality hidden beneath the ‘social safety net’ of government financial assistance. Assistance that amounts to hush money for all the people who suck on the government ‘teat’. In Australia that’s just about all of us, one way or another. Even though the amounts are small, they can accumulate to promote welfare families over most other kinds.
For most of us in Western Australia, at least, you either work for, or get payment from, the government. Or fly in, fly out, to work in the stifling heat of the desert for a multinational mining company, if you want to prosper. Even then, there is a waiting list a mile long to enter either stream. A lot of the resource jobs on the mines and rigs are filled by overseas workers so opportunities are limited in Australia.
As employers, the resource sector accounts for only roughly 5% of Australia’s workforce, so it’s impact is more inflationary that wealth creationist as prices for houses etc sky-rocket as loose money gets invested in bricks and mortar. Consequently rents have exploded, driving the rich and poor even further apart.
Try to live independently from these two overwhelming leviathans, and you can’t help but agree with the evidence offered and understand the sentiments expressed on blogs such as this concerning the covert intentions of governments generally and multinational corporations specifically.