The Truth Teller

 

 

"The nice thing about life in the Matrix is the truth does not really matter..."

Yesterday my wife and I had a rare experience. We were invited to hear a highly credentialed financial speaker address what is really going on in our economy. It was not for the feint of heart. In fact, at times it was downright scary. Unlike what you hear from the Main Stream Media (MSM) as well as from the Administration, there was no lipstick on the pig. No, this was the unvarnished truth and the speaker had the facts to back it up.

My wife and I drove to the location, had a nice visit with some friends, enjoyed a catered lunch, and then, as in the Matrix, took a "red pill" to hear the truth. The guest speaker came armed with charts, graphs and data. He did not beat around the bush. It seems much of the queasiness many of us have been having with the Fed's abusive program of Quantitative Easing has been justified. With the Feds keeping interest rates at zero and nowhere else to go, the party is almost over. And at the end of every wild party comes the hangover, and this one is going to be a whopper.

Now I will not go into detail of what his charts showed. There was nothing proprietary on them. Heck, some of them came directly from the government's own website. What I will say is this - just like Glenn Beck often tells his audience, do your own homework. If you look at the data which is out there and truly analyse it, you will come up with a much different scenario than what the "lap dog press" and the Administration are telling you.

I have said this before - the commodity which is in the shortest supply in our country these days are truth tellers. For example, we all know the ACA website still has more problems on the backend than one could imagine. In addition, yesterday it was disclosed someone forgot to write the part of the program which would transfer cash. This is a HUGE issue. No worries however - just watch the vile MSNBC and you will see a world full of sunshine and lollypops. No truth, just spin.

Back to our economy. I will say this much about what is coming. What was thought to be sacred in investments, will not be. What was thought to be save in banks, will not be. What was thought to be a nest egg, might end up being nothing but broken shells and broken promises. Want to see the first shot? Look at what happened in Detroit yesterday with the bankruptcy judge. That could be the first of a long line of very painful moves.

So today, when you look at your 401k, 403b, IRA, pension, or whatever, remember this - what you are seeing might only be an illusion. Then, you might ask, where is a safe harbor to put your money with this global super storm headed our way? Good question. I suspect there might be some, but not many. It might be the time to "smoke them' if you got them." In other words, while you money still has some worth, might be a good time to do something fun and interesting with it.