The Great Depression

The Great Depression.

I had announced and predicted a year ago, a big black hole in worldeconomy: prepare yourself, it`s imminent now!

Just as in the Henry Hathaway thriller film “NIAGARA (1953), Polly`s boat runs out of gas and begins drifting into rapids, leading to the falls. In an attemp to avoid the catastrophe, George begins to break out the bottom of the boat in order to make it strand on the ground and stop the drifting. Useless efforts, the streaming is too strong and finally, after helping Polly out on a small islet, George and his boat go over the edge into the falls, killing himself irremediably.

20th of March 2009: worldleaders are just now desperately trying to break out the bottom of the economy-boat thus attempting to avoid the letal precipitation into the abyss. Although most politicians want us to believe the crisis isn`t that serious and that governments have enough reserves to deal with the situation, the reality and facts are much different!

Obama`s presidential -"funny guy”- appearance on the Jay Leno`s Tonight Show was the kind of unnecessary performance, with forced jokes, unsincere laughs and hypocritical comic atmosphere, giving the (controlled) audience the sensation there`s nothing wrong, except a couple of bad and wealthy incompetent AIG guys that were awarded last week $165 million in bonuses: Show must Go on!

Then there was the ununderstandable and inopportune presidential blunder, making a joke comparison between his poor White House bowling performance and the Special Olympics: “It’s like — it was like Special Olympics, or something”. Intolerable for a President of world`s strongest nation.. I wonder what would have happened if G.W. Bush would have made this serious mistake..

Not the best references for a worldleader that should guide us out of this actual mess..

My sincere protection advice for people with some cash assets and want to have them safe for the future: don`t invest in any financial institution, don`t put it into your safe, don`t give it to your bank on a simple account.

There exists a real danger that major financial institutions will collapse, which will lead to a domino movement, impossible to stop: some Governments won`t be able to pay their debts and will intervene accounts and “produce” money: social and political situations will change. This means your money will devaluate strongly or you will not have access to your accounts anymore (similar to the “Corralito” in Argentina).

Follow these 3 advices:

a) put your money on “safe” Banks, such as the Rabobank in Holland

b) invest in gold coins, like Krugerrand, Maples, Lunar, Mexican peso etc. The coins have a double value, the collectors one and the gold trading price.

Or gold ingots of e.g. 100 grams, always with Certification. These smaller bars are easier to trade and to travel with, than the "kilogold bars".

For your bigger money the best are the mentioned "kilogold bar", 1000 grams being traded at a low premium above the spot price of gold. Gold prices depend on commodities, however Gold is a relative safe investment, specially in depressed times.

c) invest in small (easier to trade with) 0,5 to 1,- carat diamonds: the best is buying them through official and certified diamond brokers e.g. in Antwerp, Amsterdam or London. Diamonds are easy to travel with and their value isn`t that volatile. But only buy through experts.

We are living a situation compared to a pre- or postbelic state of affairs with many uncertain elements that can mark the future.

We are on the edge of the precipice. Therefore, the frivolous “funny guy” Leno-Obama performance is an intolerable anachronism, improper for a worldleader. -© - Jean Paul Bastiaans

–2009Back to home: http://www.ideaforliving.blogspot.com/