Non-Predictions for 2013 and 2014

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Non-Prections for 2013 and 2014

(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.

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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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