(January 2013)

More of the Same

• More money printing by central banks. A trillion here and a trillion there, printed money everywhere.
• More deficit spending. $3 Billion per day, but who cares?
• More useless commentary about controlling spending, but the result will be increased spending and more useless commentary.
• More and higher taxes. More consumer price inflation.
• More QE. Printing money props up the stock market, but for how long?
• More debt. More student loans, more credit card debt, more mortgages, more sovereign debt, and eventually some nasty defaults.

Less of the Same

• Less Congressional credibility – low and going lower.
• Less belief in a better future. It is difficult to believe in a brighter future when the food stamps and welfare payments just don’t buy what they used to.
• Less employment. People continue to drop out of the employment statistics because they have given up hope of finding work. This is called “structural unemployment.”
• Less purchasing power for the dollar. The more the central banks print, the higher the cost of food, fuel, beer, and wine.
• Lower standard of living. With much higher costs, the standard of living for most Americans will continue to decline.

About the Same

• The media will continue to assure us that gold is in a bubble – a decade of nonsense – wrong then and wrong now.
• The media will assure us that silver prices are volatile. That and $2.11 will buy a grande coffee.
• Inflation and unemployment will continue to be under-reported, even in non-election years.
• Congressional accomplishments will continue to be over-reported.
• SNAFU: System Non-functional, All Funding Unlimited.
• TBTF banks will remain Too Big To Fail.
• European financial troubles will continue. Ditto for Japan, the UK, and the US.
• The Federal Reserve will bail out banks and fund much of the government deficit. They will claim this benefits both employment and the economy. That benefit plus $2.11 will buy a grande coffee.

Non-Predictions for 2013 and 2014

A train wreck is in process. We have been warned. Protect your finances, investments, and retirement. The official numbers may not represent reality.
 
GE Christenson
aka Deviant Investor
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