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Every week I will be posting new articles, pics, and videos on whats going on in our economy and the ever changing world around us. Along with my personal commentary and tips on what you can do to prepare for the economic fallout that is quickly approaching. God Bless!

Disclaimer: This blog is provided for informational purposes only and does not constitute an recommendation or offer to purchase any security, investment product, or service of Criner Investments, LLC or it’s affiliates. Criner Investments is invested in physical Gold, Silver, mining companies, and precious metal based ETF's.

Tuesday, November 23, 2010

Entire countries are now bowing to the global financial community.

First Greece, now Ireland.... so what's next.  Well they are called the PIIGS countries.  They stand for Portugal, Ireland, Italy, Greece, and Spain.  Which are basically all bankrupt European countries.  These countries are having a domino effect, and cause a great threat to the European Union and to the strength of their currency, the Euro.  So we watch them all get bailed out one by one.  Instead of letting these large banks collapse because they are insovent.  We just print whatever money needs to be printed to bail them out, until they need to be bailed out again.  Formerly known as TARP, has now become a worldwide phenomenon.  These large banks are bankrupting entire nations, and causing the countries to go to the Global International Monetary Fund(IMF), the Fed, and the central banks for a bailout.  Instead of JUST LETTING THE BANKS FAIL.  When these countries accept a bailout (and believe me we are next on the chopping block) they are now hands tied to these global funds, and basically become forever indebted to them.  Whoever thought this was a good idea?  Regardless of what anyone thinks, this cannot end well, and you need to prepare yourself for when the shit hits the fan here.  And believe me it's coming.  Quantitative Easing 2 (QE2) is our ability to print money out of thin air, just to buy our own debt because we are so bankrupt as a nation no one else wants them.  Again this cannot end well.  This is coming to a head in the near future, and these are all concepts that no country or financial institution has ever tried before.  No one really knows just how bad this can get.  But I have an idea and it's not pretty.  The only thing they cannot destroy are sound money like Gold and Silver.  So you tell me what you should be putting your money into.  Take care my friends.

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