The US of A= “The Twinkie Economy”, wrapped in cellophane, soft on the outside, softer on the inside, loaded with fat producing artificial sweeteners and in bankruptcy. DT

LOL at DT hilarious!

isn’t there billions and billions on the sidelines waiting to be invested? Im starting to doubt that idea.

Canada is in bad shape right now….everything is so expensive and people are piling on more and more credit card debt…more so than the Americans…The outlook is bad or really bad for the mid term at least…I don’t see a plan to fix it for the long term either…its getting harder and harder to make money in stocks…Im turning into a huge bear…my only confidence is in silver, gold, oil, pink gold, agriculture and water

Hi Tom, I will say two thumbs up, especially the part about debt addicted Canadians and their smug attitude about it all. DT

Greg I’m ashamed to say but I am one of those idiots…put some of my wedding, honeymoon, T.V. etc… on it, now, including my mortgage and buying various thing I “need” to get by day by day…I am not saving a penny. The worst thing I have done to date is get a credit card…when I pay it off I’m going to cut it up and burn it. I also heard today that more and more Canadians are dipping into their RRSP’s to pay for things…not a bullish outlook for the future at all.

Canada is a disaster in terms of easy credit, excessive government confiscation, and a real estate market priced out of affordability for most people. (They still can pay though, they just get credit from banks and other savers who subsidize it)

Canadians attitudes are sickening.

I am seriously contemplating borrowing as much money as possible and double down on gold and silver….it just seems certain we will see $5000 gold and $200 silver…I really don’t want to work until I die.

I think people should be scared to put money in the market. Its crooked big time.
Takes alot of time to find stocks you can buy in hopes of a profit then you have to get out quick in most cases and find another. Takes alot of time I find.
Then there is that ever looming crash, or how about just a flash crash, I know if I wasnt a gambling junkie I wouldnt be in, i figure the market is better than a crap or poker game, cept with them ya get a fair shake.

Tom, I asked Jim Sinclair that question, “should a person put everything into gold/silver and related stocks”. He said no, just accumilate your regular percentage and enjoy life.
He could have said load up on TNX but he didnt even mention it.

I really feel the best way to think about PMs is insurance. Think about it, how much your neigbour have? You rich buddy. A little junk for the “mad max” sinerio and just save money over currency as J.Turk says, has worked fine for me.

I dont know about Canadian attitudes being sickening, like most people most are hooray for me and forget anyone else but otherwise they the same as the rest of the world. Totaly sheeple and havnt got a clue other than their specialty.
Completly normal I think.

I just read this, I guess this is J Sinclairs time to exit the states. His final straw.
Sinclair states that the Constitutionally protected state right to create and maintain a state defense force is under the cross-hairs of the Obama administration, and that The moment you see these state defense forces under the control of the state governor disbanded, the end has come. The Constitution will no longer exist and the next day I will be writing you from Buckreef in Tanzania.

Jim is wise and fair counsel.
I would add that if the US goes completely fascist against their own Canada is no longer a safe haven long term.

I think it was D.Casey that said a few years ago that the whole continent of north america would get locked down. Eventualy, people will not be able to leave if they wanted to.

Smells really bad even from a distance.

Jim has homes in Tanzania and India.
He has attempted to sell his home in Connecticut.
One foot out the door while the majority are still stuck on stupid.

It was nice to hear Day expand a little more on his beliefs — I’ve always liked the guy but this was a great interview. It would probably be disliked, by the masses.

I think Tom, you might be a bit hard on Canadians. After twenty years of Trudeau, another 10 of Mulroney, and Crooked-Tien, they’ve done their pennance of high taxes and are simply doing what most baby-boom led nations would if they could…spend. Though I’m not familiar with reckless offers of credit from TD.

Where I think Canada walks on the edge of the abyss is, despite resources-in-reserve/capita, GDP/capita, etc., there’s just far too much Federal debt per person. Australia is walking into this trap too. Though undoubtedly the best to western economies right now, exports will curtail and baby-boom retirements will weigh the system, two factors likely to occur around the same time as the rest of the world reconciles debt. No one nation is going to escape the cyclone of debt. We’re just at low single digit interest rates too.

Canadians and Aussies (and New Zealand) understand resources better than most, but there’s still a wide ignorance or refusal that there’s anything wrong with the dollar. Most folks I talk to still assert we should just print more money. I try to explain debt, exchange rates…they gloss over. “Who needs other countries; we’ll just trade with ourselves!” These people vote. (sigh)

I’m more with Schiff…elections are won by the idiot vote. Or perhaps more accurately, the “what’s in it for me” vote. Of course, I guess that’s what politics is really about – distribution of resources in a way that favors (sorry, favours) one the most.