The Morgan Report Blog

More than Making Money: Living, Fishing, and Investing the Jim Teeny Way

 
More than Making Money: Living, Fishing, and Investing the Jim Teeny Way
By David Smith

blog-MorethanMakingMoney-images1With the frenetic pace of life in today’s Internet-driven world continuing to accelerate – where things can change before you’ve even finished reading this article – it’s easy to forget about the behaviors and values that give our lives purpose and special meaning.
Maybe it’s time to step back a bit and see how someone else is doing it.

You could follow the example of Henry Ford. When asked the question, “How much is enough?” he is said to have replied…”Just a little bit more.”

Or you could take a page from Jim Teeny’s playbook. Since 1962, when Jim’s late father suggested that he might catch more fish on an “ugly” fly than a pretty one, he has been tying what has become in the fly fishing world, an iconic pattern – the Teeny Nymph.

Jim’s fly pattern has held over 30 International Game Fish Association (IGFA) World Records, and, as he notes, “We’ve probably released another thirty-five or forty fish in addition, just because we didn’t want to harm them.”

Can we learn something from Jim Teeny’s behavior that applies to the world of investment? I think so. (Listen to his short interview here and decide for yourself.)

Keep Your Tackle Box AND Your Precious Metals Investing Simple

Over the last 44 years, Jim has caught and released dozens of fish species on his Ring-necked Pheasant 3-variation pattern, tied using less than two dozen colors of tail feathers and a dozen hook sizes.

blog-MorethanMakingMoney-images2For inventing and popularizing this “simple” pattern, Jim’s template was featured as “The Fly of the Year for Oregon” at the 2014 Federation of Fly Fishers Conference in Albany.

When buying silver, skip the fancy commemoratives in the ads for big-premium “Happy Valentine’s Day” bars or “limited edition” animal mintages.

Stack your silver by getting one ounce tubes of bullion rounds and bars weighing 5, 10, 20, or 100 ounces apiece – and yes, some American Silver Eagles – the world’s most popular silver coin. Better yet, grab the just-released worldwide, new Silver Kangaroo, at lower prices than all other sovereign silver coins.

For gold coins in affordable premiums, consider American Gold Eagles and Buffaloes, Canadian Maple Leafs, and perhaps a beautiful Gold Kangaroo from the Perth Mint.

In Fishing and Investing, Look for the “Real Deal”

Whether stalking fish or precious metals, “go where the big ones are known to be.”

Jim Teeny targets streams and lakes in various locales around the world that have proven over time to hold large numbers of big trout and salmon, offering him a good return on the time and money spent.

Purchase your silver, gold, and palladium from a trusted source who honors their word with a history of strong customer service. You might rightfully hesitate traveling to a remote fishing spot based upon a third-hand rumor, without more substantial evidence from someone reliable who’s actually been there. To protect yourself, strive to buy precious metals the same way.

Get Your Gear Ready before the Run Gets Underway

Migratory salmon and trout are only found in their native rivers at certain times during the year. If you’re too early, you may end up working an empty stream and go home skunked.

With precious metals, “being early” simply means that you’re likely to get a much better price than if you waited until “the run is on.” Stack your coins ahead of time, then relax and enjoy the trend while others are fretting about how and where they’re going to get theirs.

The time has never been more appropriate to take a position in gold and silver. You’re much better off being quite a bit early… than a day or a week too late!

Valid Principles Work Time after Time…

Jim closes one of his instructional videos by saying, “The Teeny Nymph has worked for me for forty-one years, and I’m just telling you, that you’re going to do just as good as I am on this pattern. Give it a try.”

For several thousand years and across cultures, people have chosen silver (and gold) as insurance, as real money, and nowadays – especially in the case of silver – as “health insurance” for medicinal purposes and in over 10,000 industrial applications.

You Can Do Good and Do Well:

blog-MorethanMakingMoney-images3Inspired by Donna Teeny, Jim offers products at JimTeeny.com specifically designed for Casting for Recovery, a non-profit educational program for women surviving breast cancer, and Project Healing Waters, a non-profit organization teaching fly fishing and fly tying skills to American servicemen and women.

As a precious metals owner, you also can do both good and well.

Give a tip, a gift, or maybe even help someone on the street. When an opportunity presents itself, rather than offering what David Morgan at TheMorganReport.com refers to as “paper promises,” donate a small amount of real money. Unlike every form of paper currency ever issued, it has never seen its value fall to zero!

Place a one-tenth ounce .999 fine silver round in someone’s palm – and watch their eyes light up!

Whether it’s fly-fishing, buying precious metals, or some other activity that you decide to pursue, it doesn’t have to be complicated. It isn’t necessary to make a huge leap in perspective or practice in order to succeed for yourself while helping others.

Most of us know in our hearts what’s right. If you’re not satisfied with how things are flowing right now, chances are the way you’re going about it will only involve a “teeny” change!
 
davidsmithDavid Smith is Senior Analyst for TheMorganReport.com and is a regular contributor to MoneyMetals.com. For the last 15 years, he has investigated precious metals mines and exploration sites in Argentina, Chile, Mexico, China, Canada, and the U.S. and shared his findings and investment wisdom with readers, radio listeners, and audiences at North American investment conferences.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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China grabs unused money to fund new projects as growth slows

Money & Metals with David Morgan – China grabs unused money to fund new projects as growth slows.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Prices Hits 3-Week High Ahead of FOMC Decision, David Morgan’s Silver Investing Advice

“Will it fall through or not? I think it depends on how the Fed’s action or inaction tomorrow manifests in the marketplace.”

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Update Plus Debt at the Center of the Black Hole of Our Problems

Silver Update Plus Debt at the Center of the Black Hole of Our Problems | http://www.silver-investor.com

David Morgan: Silver Update Plus Debt at the Center of the Black Hole of Our Problems. | http://www.silver-investor.com

David Morgan provides a silver market update, plus the main problem America and the world has is what Morgan calls “the debt bomb.” He says the debt is at the center of the black hole of our problems. Morgan explains, “We are reaching a limit. All systems reach a limit. No tree grows to the sky.”

In March, Morgan predicted September as a time of increasing turmoil in financial markets and thinks it’s downhill from here. On the continuing turmoil, Morgan says, “It will be ebb and flow, but the trend is increasing, increasing and increasing. It will, unfortunately, in my strong opinion, it will get worse before it gets better.”

Join Greg Hunter as he goes One-on-One with David Morgan of Silver-Investor.com

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Join The Morgan Report Free for 30 Days *
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Offer does not apply to Premium Memberships.
  

China plunges in global equity markets.

 
China plunges in global equity markets.
Money & Metals with David Morgan.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Twenty Six & Their Interesting Associates

Silver Squelchers Twenty Six & Their Interesting Associates

Miscellaneous Members of The Pilgrims Part I
Religious & Related Operators

by Charles Savoie

If you wanted to create a world government, would you entirely dismiss the aspect of religion? Not if you wanted to control a large percent of humanity. I can’t say if the globalists are atheists, religionists, devil worshippers. Mostly they feel they’re entitled to control everyone’s lives and decide our fate. Whether they see that as a calling of God or are consciously in service to ultimate evil I can’t say. Classical “Illuminati” doctrine was atheistic. This episode will cover some religious figures known to be members of The Pilgrims. We may round out the length by reviewing several others unrelated. Numbers 26 through 29 are all under the master classification of miscellaneous members. We will meet some interesting characters. Billions of people are subject to being manipulated by religious influences. The idea of a world church fits with a world government. There’s also huge revenue streams in religion—much bigger than televangelists! As we’ll see, there are deep conflicts in these religious spheres—conflicts which go back many centuries. Be that as it may, the march towards planetary domination continues, with many conflicting matters due to be settled one way or another at a later date. Always what’s on the front burner matters most to the globalists.

Most of what we’ll be reviewing this time could be called the “ecumenical” movement, allegedly defined as a project to unite religious groups having significant differences. Since The Pilgrims Society exists in the Christian West, the question becomes, will this ecumenical movement end up being run by the head of the Anglican Church of England, or by the Roman Catholic Pope in Rome? I can’t conceive either leader conceding to the other, so all seeming concordats between the two factions, having this deep schism especially since the 1500s, will not have an ultimate resolution—unless hypersonic missiles wipe out Rome, which I regard as much more likely than London being struck. There are many instances of Pilgrims members from bygone years involved in this ecumenical movement. Joseph Irwin Miller (“spook”) was a member of the executive and central committee of the World Council of Churches (Who’s Who in America, 1966-1967, page 1468). He was a major industrialist and financier based in Indiana with his fortune centered in Cummins Engine Company. Scroll down about 55% at www.silverstealers.net to read more on Miller, an anti-silver activist during the Eisenhower administration who was a member of the United Nations Commission on Multinational Corporations. The 1974-1975 Who’s Who in America, page 2385, shows Charles Coolidge Parlin became president of the World Methodist Council in 1970. During 1961 to 1968 he was president of the World Council of Churches. The Who’s Who listings on Miller and Parlin show nothing about The Pilgrims—but they are both in the leaked lists! Parlin was a director of silver user Celanese Corporation, Schlumberger, Potash Corporation and First National City Bank. There are other examples!

Read rest of article here…

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Join The Morgan Report Free for 30 Days *
* 30 Day Trial applies to new user sign ups only!
Offer does not apply to Premium Memberships.
  

Money—How to Get It and Keep It

Editor’s note: Casey Research founder Doug Casey literally wrote the book on profiting during economic turmoil. His book, Crisis Investing, spent multiple weeks as No. 1 on the New York Times bestseller list and became the best-selling financial book of 1980. Today, he is one of the most entertaining and controversial newsletter writers in the world. Visit his website today.

Doug believes America is headed for a huge financial disaster. In today’s weekend Masters Series essay, he shares some of the ways to protect yourself and prosper in an economic crisis. Even if you disagree with Doug, this essay – originally published in June 2012 – will teach you plenty…

Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one? One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least. As far as I’m concerned, the Greater Depression is looming, not just another cyclical downturn. You may find that although you’re far ahead of your neighbors (you own precious metals, you’ve diversified internationally, and you don’t believe much of what you hear from official sources), you’re still not as prepared as you’d like.

I think a good plan would be to approach the problem in four steps: Liquidate, Consolidate, Create, and Speculate.

Step 1: Liquidate

Chances are high that you have too much “stuff.” Your garage, basement, and attic are so full of possessions that you may be renting a storage unit for the overflow. That stuff is costing you money in storage fees, in depreciation, and in the weight of psychological baggage. It’s limiting your options… It’s weighing you down. Get rid of it.

Right now, it has a market value. Perhaps to a friend you can call. Or to a neighbor who might buy it if you have a yard sale. Or to some of the millions of people on eBay. A year from now, when we’re out of the eye of the financial hurricane and back into the storm, it will likely have much less value. But right now, there’s a market. Even if most people are no longer wearing those “He who dies with the most toys, wins” T-shirts that were popular at the height of the boom, there are still buyers. But the general standard of living is dropping, and mass psychology is changing. In a year or two, you may find there aren’t any bids and the psychology of the country has changed radically. People will be desperate for cash, and they’ll all be cleaning out their storage units (partly because they can’t afford the rent on them).

Liquidate whatever you don’t actually need – clothes, furniture, tools, cars, bikes, collections, electronics, properties, you name it. You’ll be able to rebuy something like it, or better and cheaper. Just as important, you’ll feel light and mobile, unburdened by a bunch of possessions that own you and weigh you down. It will definitely improve your psychology, which is critical to the next stage. And the cash it generates will be helpful for the rest of the plan.

Step 2: Consolidate

Take stock of your assets. After Step 1, that should be a lot easier because you’ll have less junk but a lot more cash. You’ll already feel more in control and empowered. And definitely richer. But your main assets aren’t money or things. It’s the knowledge, skills, and connections you possess. Take stock of them. What do you know? What can you do? Whom do you know? Make lists and think about these things, with an eye to maximizing their value.

If you’re light on knowledge, skills, and connections, then do something about it – although if you’re reading this, you probably already live life in a way that builds all of those assets daily. But there’s always room for improvement. Think the Count of Monte Cristo. Or if you’re not so classically oriented, think Sarah Connor after she met the Terminator.

Part of this process is to look at what you’re now doing. The chances are excellent there’s a better and more profitable allocation of your time. Even successful rock stars tend to reinvent themselves every few years. You don’t want to get stale. That leads to Step 3.

Step 3: Create

Remember, the essence of becoming wealthy is to produce more than you consume and save the difference. But it’s hard to maximize value working for somebody else. And when you’re given a job, it can be taken away for any number of reasons. There is cause, and there is effect. You don’t want to be the effect of somebody else’s cause. You want to be the cause for everything in your life. That implies working for yourself. At least turn your present employer into a partner or an associate.

Perhaps go through the Yellow Pages (while they still exist), page by page, line by line, and see what you can provide as a service for the businesses advertising there. I promise you, they’re all looking for someone to come along, kiss their world, and make it better. Think like an entrepreneur at all times. Remember that there is an infinite desire for goods and services on the part of the 6 billion other people on the planet. Find out how you can give them what they want, and the money will roll in.

I’ve said many times that I believe you could airdrop me naked and penniless into the heart of the Congo, and by the time I emerged, I’d not just have survived, I’d come out wealthy. And believe me, I don’t think wealth is by any means the most important thing in life; it’s important but should be considered a convenience, not an imperative. Not that I’d want to be airdropped into the Congo at the moment; I’ve gotten a bit lazy, I have other interests, and you can’t be everywhere and do everything.

But now that I think about it, if I wanted to make a real fortune today from a small base, I might prefer Africa to any other continent. As an educated Westerner, you can quickly meet anyone on an equal level much more easily than you could at home. If you have a reason that makes any sense at all, you can be in the office of the president within a week. These countries are all plagued with incompetence and corruption, they need everything, and they’re full of untapped resources and talent. This all inures to the great advantage of a foreign entrepreneur.

Here’s an idea. For your next vacation, book a trip to Cameroon, Togo, Gabon, Zimbabwe, or Angola. Go through the Yellow Pages in the capital and meet everybody who is anybody. The chances are good you’ll come up with several deals in the first week alone. If you can’t find the time, send your kid who’s just out of school and idiotically thinks he may want to misallocate time and money getting an MBA. This idea alone should be worth a million dollars. Or as I would prefer to think of it, 700 ounces of gold.

But to an economist, money, like all goods, has “declining marginal utility.” In other words, the more of something you have, the less you need or want the next unit. Of course, more is always better, but it’s unseemly, even degrading, to pursue anything beyond a certain point.

When I was in Toronto a couple months ago, I spoke with a Chinese friend who, I believe, is worth at least $250 million. As he waxed philosophic, he allowed that he didn’t feel he really needed more than 30 extra-large to live exactly as he liked. I agreed, in that meals in the best restaurants, as well as the finest clothes, cars, and houses only cost so much. And it’s well within a conservative return on that capital, without ever even touching the principal. Is it worth it to get more? Perhaps not, unless your interests in the rest of life are entirely too narrow. The point of money is to allow you freedom, not make you crazy with getting more.

That doesn’t rule out speculation as an avocation, however. More – everything else being equal – is still better.

Step 4: Speculate

You’ve got money. Now, you have to keep it and make it grow, because staying in the same place amounts to going backwards. That’s partially because the world at large will continue getting wealthier, even as the dollars you own lose value.

In the past, I’ve discussed why a lot of old rules for success are actually going to prove counterproductive over the next few years. Saving with dollars will be foolish as they dry up and blow away. Investing according to classic rules will be very tricky in a radically changing economy. Most people will try to outrun inflation by trading or gambling. The markets, which are the natural friend of productive people, will perversely prove very destructive to them in the years to come. You’ll know when the final bottom in the stock market has come: The average guy won’t want to hear about the stock market, if he even remembers it exists. And if he does, he’ll want it abolished.

Instead of becoming a victim of inflation and other politically caused distortions in the marketplace, you can profit from these things. Rational speculation is the optimum approach.

What to Do if You’re Already Wealthy?

Perhaps, however, you’ve already covered all the financial bases to your satisfaction. Quo vadis? I have several thoughts on the meaning of wealth. You may find some of them of value as prices of everything fluctuate radically in the years ahead.

First, recognize that wealth is a high moral good. Don’t feel guilty about having it or about wanting more.

If you’ve already accumulated and deployed enough capital to allow you to jump off the golden treadmill, congratulations: Chances are high that you are an exceptional human being. I say that because the moral value of being wealthy is underrated. I don’t mean that in a Calvinistic way, in that Calvin believed Yahweh rewarded the righteous by making them rich. But I do believe that productive people – people who work hard to provide goods and services for others – definitely tend to be wealthier than unproductive people. They deserve to be. And since we don’t live in a malevolent universe, people generally get what they deserve. So yes, wealth is definitely one indicator of moral excellence.

Sure, some wealthy people got that way by lying, cheating, and stealing. But they’re exceptions. It’s much easier to become wealthy if (in addition to having virtues like diligence, competence, and judgment) you are known to be truthful and honest. Those who automatically think ill of the rich are, at best, paranoid fools. Put it this way: Rich people may lack some virtues, but they definitely have at least a few that made them rich. Poor people, on the other hand, will certainly lack some virtues, and they’ll definitely have some vices that kept them poor.

I’m a fan of some aspects of George Gurdjieff, the late-19th to mid-20th century Russian mystic, who was also a merchant adventurer at some points in his colorful life. He said that anyone who successfully employed at least 20 other people must be considered at least partially enlightened and a type of guru. That viewpoint always resonated with me. Self-made wealthy people may not be saints, mystics, intellectuals, or even especially thoughtful or moral. But they’ve proven they’re better than the average bear in at least one important way: They can create and conserve wealth. And they’ve thereby eased everyone’s path to further accomplishments.

Second, figure out your purpose in having money.

Sure, money makes life easier. And it’s nice how it enables you to assist people you like with material things. But I strongly suggest that you not take too short a view on this matter. Accelerating advances in medical science are not only lengthening human life expectancy, but new developments now in the works have the potential to vastly improve your capability and health as well.

Is it possible to live to age 200, with all the wealth, knowledge, and wisdom that implies, while maintaining the body of a 30-year-old? Not yet. But the prospect is on the horizon. It will, however, be available only to those who can afford it. Ray Kurzweil makes a case that the Singularity is near, and I buy his reasoning. It would be tragic if anyone frittered away his wealth, thinking he wouldn’t live very long, and then succumbed to a self-fulfilling prophecy, not because of medical difficulties, but because of financial difficulties.

Third, don’t give your money to charity.

Entirely apart from showing a lack of both imagination and foresight, it’s a complete waste of good money, pure and simple. Contrary to popular opinion, it rarely does any good; it often does great harm. The whole concept of charitable giving is corrupt and desperately in need of a complete rethinking.

Fourth, if you do care about posterity (who knows, you might be reincarnated…), and on the chance you don’t make it to the Singularity, carefully consider how to dispose of your estate.

For one thing, there’s no reason to automatically leave anything to your children – unless they deserve it. The notion that someone should inherit your money just because he shares your genes is flawed and thoughtless. The example of Marcus Aurelius leaving the Roman Empire to his worthless son, Commodus, should be instructive. Wealth should be left to someone who is most capable of increasing it – at least if you want to benefit humanity in general. And yes, I’m quite aware that humanity in general may deserve absolutely nothing.

At a minimum, consider that memes are far more important than genes. It’s wiser, therefore, to leave your wealth only to individuals (related to you or not) who will carry forth values you hold dear and are worthy of the wealth. If nothing else, make sure you disinherit the government.

Also consider that dividing wealth dissipates it and generally makes it less useful. If you have $1 million, you could leave $1,000 to each of 1,000 people. But, apart from the fact that it’s unlikely anyone knows 1,000 worthy people, that much money is only enough for a modest vacation or a few baubles. The larger the pool of capital, the more ways it can be used, the more creative power it has, and the more likely it will be conserved and used creatively. I favor the Roman system, in which one could adopt children of any age – but always after you could see what their character was. You might want to do that if your own kids don’t make the grade.

The Bottom Line

If you want serious money, you have to get serious about money. You need to understand these fundamentals and never forget them. Don’t let all the garbage reported in the financial media you read, see, or hear confuse you about what money really is. Don’t consume more than you make: save! Don’t spend: invest!

Editor’s note: Casey Research’s latest book – Going Global – is a must-read. The book is jam-packed with hundreds of techniques and tips for surviving a currency crisis… including the five currencies best-positioned to survive an inflationary storm (page 29)… the top-recommended U.S. bank for buying foreign currencies (page 131)… the best ways to acquire and hold foreign currencies (page 34)… and much, much more. Claim your copy right here.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Join The Morgan Report Free for 30 Days *
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Offer does not apply to Premium Memberships.
  

Round Two Of Global Melt Down – Watch This Unfold…

Within the United States, the US Federal Government and The US Federal Reserve Bank interventions have failed. These manipulations, by the central bank, in order to maintain the current stock bubble, and the real estate bubble, are currently reflecting the acts of failed monetary and fiscal policies, as we are presently experiencing.

The reality is that the US economy has already been in contraction for many years now.

The government intervention is failing in Europe, Japan, and now apparently also in China. Government interventions globally are currently becoming more vulnerable The US, Europe, Japan, and China have all been experiencing failures. We are currently witnessing the results of total failures, right under our noses. I believe, we are closer to that point of the Global Financial Meltdown than anyone else may realize. This collapse in China is a major shock, which has triggered a major market sell-off within the US markets.

Over $2 trillion has been lost in the U.S. market alone within the past week of August 24th through August 28th, 2015. Globally, I estimate $5 trillion has been lost, in total, during the same time period. A domino effect has been caused by affecting economies globally rippling all simultaneously.

We are currently deal with the unspoken deflation problem. Commodities prices and oil are down sharply the past year. No major economy looks even close to true real expansion.

What is taking place right now, in the stock market, is just a precursor for what is about to happen, shortly. This is my view of foreseeing a pre-crash, and I believe that we should all be aware that this is looks to be the “real deal” and could occur take hold in more serious way before the end of October. This seems to be a bubble of historical proportion. Raising interest rates today is impossible because the market is way too fragile, at present.

Read the rest of the article here…

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Join The Morgan Report Free for 30 Days *
* 30 Day Trial applies to new user sign ups only!
Offer does not apply to Premium Memberships.
  

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