PFS Group Client Only Meeting 2009 Excerpts
In this segment we'll discuss how we're at a critical turning point in history.
In this segment we'll walk through some past "crashes" and see how they're the same, or how they're different, from what's going on in today's markets.
In this segment we'll talk about how increases in money supply flow through the markets and create asset bubbles.
In this segment we'll talk about a culture and a time in history that I think is very similar to our own. We think there are some warning signs in this example we can learn from.
In this segment we discuss how the statistics that are being quoted as "proof" that our economy is in recovery aren't showing what's really happening.
In this segment we discuss how the shortage of available credit, and the high levels of existing debt, will continue to drag on our economy for years to come.
In this segment we discuss how US government budget plans are going to create deficits that will be so big that the only way out will be to devalue the dollar.
In this segment we'll show how, all throughout history, increases in money supply always lead to inflation.