In line with your thinking, Handle123 here are the steps I have taken well in advance - actually in the year of the Megaphone's first top, without knowing a top was forming i.e. year 2000. The topping formation has now spanned 14 years Overseas residence(s) since year 2000 in 3 international destinations, locations perspicaciously selected so as not to be coterminous with areas where riots, strife, demonstrations and revolutions might ensue. Zero debts. Everything is paid for well in advance. Even with all the preps I find it hard to believe that I will escape unscathed in a "D" - but knowing the tidal wave is coming is a +
One such crack in the concrete that screams Deflation is the bull market in Food Stamps that has now even ensnared the middleclass Since 2009 (the bottom of the crash of Oct 2007 and start of the current bull run into 2014), more than 50 percent of U.S. households receiving food stamps have been adults ages 18 to 59, according to the Census Bureau's Current Population Survey http://www.foxnews.com/politics/2014/01/26/new-face-food-stamps-working-age-americans/ http://www.washingtonpost.com/sf/national/2013/11/09/too-much-of-too-little/ https://twitter.com/StockTwits/status/318498640756875264
Deflation, like the desert horse in the Black Stallion, has reserves of power that ain't never been tapped The number of PCAs, as they’re called, will increase 70% between 2010 and 2020, making it the fastest-growing job in the country, according to the U.S. Department of Labor http://business.financialpost.com/2...-aides-living-at-povertys-edge-at-10-an-hour/
In the Great Depression 1 (1929-32) the unemployment rate hit 25%. The so-called Great Recession of 2007-2009 hit an unemployment U-6 rate of 17.5% Obama & Co. use the U-3 rate, the U-6 rate is far more accurate and by this measure we are at 12.7% NOW The Shadowstats.com rate, the one I prefer shows the current Unemployment rate @ 23% I believe we will eclipse all these numbers in GD 2 and slingshot north of 35% http://useconomy.about.com/od/suppl1/f/real_unemployment_rate.htm http://www.shadowstats.com/
If we lived in a time where there was true sense of free enterprise, I would agree with you, but with Obama's government of printing money and much of his years as President has been floating debt and so much free money going into the markets, I still believe market will go higher, based on a very dumb theory of hardly any magazines saying Dow 25,000, you have to get people really going out and getting loans to play the market and then the trap will be played. I see this decline as buying opportunity eventually, up too fast has to come down some, but Obama will be pumping again when Congress comes back from vacation. A bigger problem that over rides food stamps is people running out of unemployment checks and getting disability, I believe it has "doubled" in past several years? They get huge breaks on housing and more food stamps. We are doomed, many of younger genration don't want to even look for work, and dumb Congress don't want to levy taxes on foreign made goods to bring back jobs to USA, drop the Corporate taxes. But whatever happens, we will keep trading, whether here or Panama.
http://www.shadowstats.com/ Amen! Whatever happens we will keep trading. Unfortunately haven't seen any magazine covers lately as good as the high confidence stuff shown below At Gold's top in 2011 Just before the HOUSING Crash
Panama is a good choice, still ranked #1 by those who do rankings For me its Thailand, Indonesia and the foreign country known as Big Island, Hawaii
Gold 1-hour timeframe attempting a breakout thru' overhead trendline in real ti Gold attempting a breakout thru' overhead trendline in REAL TIME - trendline breakout @ approx. $1314.11 Added to existing LONGs as I build up positions. STOP = wide leeway, so using the monthly Fib 38.2% level @ $1283 as last line of defense. 4H trendline breakout must occur @ $1318.52 for this not to be a dud.
Silver is not only refusing to validate Gold's thrust, she has not even taken out the 200-ema like Gold has. This non-confirmation is a bad sign - it stinks. Silver gotta cross 20.1 & 20.19 & 20.27 = a tall order.
America's ATM, Housing has turned - My weekly chart calls it clearly http://finance.yahoo.com/blogs/talk...-200110170.html;_ylt=AwrSyCRvfuxT01QA2vCTmYlQ