"In a time of universal deceit, telling the truth is a revolutionary act."
"...the monetary experiments currently underway will have numerous unintended consequences, the extent of which is difficult to gauge today. Gold, as the antagonist of unbacked paper currencies, remains an excellent hedge against rising price inflation and worst case scenarios."
"Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
"In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand."
- Maintain economic growth at a sufficient rate to service the debt. We believe this is grossly unlikely.
- Repudiate the debt. Since we also operate within a debt-based monetary system (in which money is lent into being by banks), default broadly equates to Armageddon.
- Inflate the debt away.