The World Has A Money Problem: Gold, Silver and Bitcoin

The world has a money problem, we all are losing confidence in government's, we're losing confidence in paper money. Throughout history when that has happened people have looked for something else frequently it has been gold and silver. You cannot change thousands of years of people's habits or incarnations or thoughts pretty easily so gold and silver have not lost their place in the world's system.

Bitcoin: It Looks Like A Bubble

It looks like a bubble but bubbles can go on for a long time and they often do but just because it looks like a bubble doesn't mean it's the end of the story.

This Economic System Cannot Last

The economic system which has evolved in the world especially in the US but not just the US cannot be sustained because it is built on staggering amounts of debt. The United States is now the largest debtor nation not just in the world but in the history of the world. No country has ever gotten so deep in debt and the debt goes higher and higher every day.

Nobody's doing anything about it except some worrying like me or worry knowing it cannot go on and not only is it based on lots of debt but to sustain the debt or to maintain it they now print a lot of money. The central bank in America gets out its printing presses, prints a lot of money and uses that to finance the debt going forward so this cannot last forever. I'm afraid it's not gonna last too much longer because we're getting to the end of the road.

The Reason Why I Prefer Japanese and Chinese Shares

It looks like there's a blowout in place you know and it often happens in markets every 10, 20, 30 years we have them we may be having one now. But I would buy Japan if this happened (tax cut), Japanese markets are down 50 percent from their all-time, high Chinese stocks are down 40 percent and I'd rather buy low instead of buying high. 

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Russell 2000 Index ETF (IWM)

U.S. Stock Market: One Year From Now, Stocks Will Be Lower

I suspect we will hit new more new highs which will surprise everybody including me but next year at this time stocks will be down.

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Futures

Bitcoin: The Chart Looks Like A Bubble

If you just showed me charts and showed me what's happened in that market over the past year or two and didn't tell me what it was I would say, "this looks like every bubble I've ever read about".

I don't own any Bitcoin, I've never bought or sold so I'm not a good one to ask but it sure looks like the picture of every bubble I've seen.

Stock Market: There's a Blowout in Place

It looks like there's a blowout in place you know and it often happens in markets every 10, 20, 30 years we have them we may be having one now. But I would buy Japan if this happened (tax cut), Japanese markets are down 50 percent from their all-time, high Chinese stocks are down 40 percent and I'd rather buy low instead of buying high.