How in the hell can the global glut of derivatives be 37 times as big as total, global GDP? Hell, just a yield of 0.1%, a tenth of a percent, would mean that $516 billion would be needed just to annually service the debt of that $516 trillion! Hahahaha!The wife and kids are all in an hysterical uproar because I keep buying gold and silver and not wasting it on them and their incessant demands for food, medical care and things that prove “a father’s love”, like any of that crap does me or our financial status any good at all.

But they are always whining about how things are costing more and more, and I tell them that if I am not going to buy these things for them, why in the hell do they care what they cost? And that, for some unexplained reason, sets them off again, whining, whining, whining.

But I guess it was to be expected, as Agora Financial’s 5-Minute Forecast reported on a CNN/Opinion Research poll “showing that ‘the rising rate of inflation’ is Americans’ No. 1 economic concern.” In fact, it is almost everyone’s No. 1 concern, as “Ninety-one percent of all folks polled by CNN listed the dollar’s devaluation as their primary fiscal worry. Worry over the value of the bucks in their wallets beat our job growth, the stock market or housing concerns in the poll.”

And now that gold and silver were caught in the downdraft last week, the kids are even MORE unreasonable about my latest Family Financial Re-Structuring Plan (FFRSP), which involves no work or investment on their part, and it only involves them giving up one lousy meal per day so that I could use that freed-up money to buy more gold and silver! It’s a great idea!

After awhile, I got tired of explaining, “Shut up! Shut up! Shut up!”, so I looked around for additional evidence that I am correct and they are just a bunch of ignorant, whining, Earthling millstones around our familial necks that are dragging my plans and dreams into the ol’ crapper and giving it a flush.

Then I see Bob Moriarty at 321Gold, and I say, “Listen to this and learn!”

Mr. Moriarty said, “After a short and brutal correction, gold will resume its climb. Gold and silver have not peaked. They are money and when all currencies fail, they will be the last man standing.”

That’s it! That’s it exactly! That is why gold and silver always prevail; there is nothing else in which to invest that has all the wonderful properties it has!

I was hoping that he would continue on in this vein until I caught a glimpse of sudden comprehension from one of the kids, but he said, “Anyone mumbling about sub-prime mortgages or even prime mortgages just doesn’t get it. Those are a tiny part of the issue. The issue is $516 trillion dollars worth of Monopoly money floating around the giant crap game we call the world’s financial system.”

Immediately, I knew that I could turn this to advantage, and I immediately jumped up and interrupted “How in the hell can the global glut of derivatives be 37 times as big as total, global GDP? Hell, just a yield of 0.1%, a tenth of a percent, would mean that $516 billion would be needed just to annually service the debt of that $516 trillion! Hahahaha! We’re freaking doomed!”

Pages: 1 2

Pages: 1 2