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I told you so

Bob Moriarty
Jan 26, 2009

I'm not vindictive but like an elephant I have a long memory. If you have been coming here since January of 2002, you know there has been a lot of good advice and information posted. A lot more than most gold sites. We don't worry about conspiracy theories and manipulation but we do worry about real world issues.

I've got a twin brother and I think he got bored last week because he went back and started reading pieces I had written a long time ago. He sent me the link to one piece I wrote about 7 years ago almost to the day. It was titled The End of the World. . . as we know it. All I can say is that I told you so.

If you are a new visitor to 321gold in the last 7 years, you owe it to yourself to read the piece. There are a fair number of us including Bill Buckler, Craig Harris and Peter Schiff who got it a long time ago.

I must admit one error. I was calling for pending disaster when derivatives were a tiny 100 trillion. Now derivatives are looming like a giant falling safe right over our heads at an incredible 683 trillion dollars. There ain't that much money in the entire flipping universe.

In the latest 6 months measured by the BIS, while the economy grew at a rate of $27 trillion, derivatives grew by $88.3 trillion. Must have been Warren Buffett selling those naked puts.

If you are among the newly unemployed and you want to see just how soon Obama's bailout and recovery program is going to succeed, take a pail down to the ocean and start bailing. When you have stopped the tide, that's when the government will have fixed the problem.

Jan 26, 2009
President: 321gold

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