The Great Un-Participation

“If everyone is thinking alike, then somebody isn't thinking.”

―George S. Patton, Jr.

“Without any censorship, in the West, fashionable trends of thought and

ideas are carefully separated from those which are not fashionable; nothing

is forbidden, but what is not fashionable will hardly ever find its way into

periodicals or books or be heard in colleges. Legally, your researchers are

free, but they are conditioned by the fashion of the day.”

―Aleksandr Solzhenitsyn

“Neither a man nor a crowd nor a nation can be trusted to act humanely or to

think sanely under the influence of a great fear.”

―Bertrand Russell

“Americans are so enamored of equality; they would rather be equal in

slavery than unequal in freedom.”

―Alexis de Tocqueville

Of course, the common conceptualization of hyperinflation it is a pretty

unacceptable exercise for most. We can only tolerate it from only safe

distances. Indeed, everyone’s favorite image of what the aftermath will look

like was just upgraded in the new Mad Max movie.

I’m always surprised to speak with someone ‘high net paper worth’ who has

come around to gold and silver.

It is most fascinating when a former believer in the status quo comes around

to the other side. Even when they haven’t come all the way.

Recently, my friend characterized it all beautifully. Bank closures, credit

system glitches, a market flash crashes. He pointed out the little systemic

failures that are likely to occur along the way.

Along the way to what? I wondered…

“I’m not worried about the collapse of the dollar,” he said. “I’m more

worried about these little panics that shut the system down all along the

way.”

Discussing the risks and reality of hyperinflation in these situations feels

much like describing in detail the evidence and implications of the decades-

long silver manipulation.

That it might be possible to have a truly informed conversation about silver

while sidestepping the issue of price manipulation.

It’s simply not polite to speak of such things. No wonder the issue triggers

such a knee-jerk reaction for many. It’s just that big of a truth. Not pretty,

and certainly a (maybe the) poster child for an array of soon to be very

uncomfortable truths about reality.

(Is it any wonder that the controversies (not conspiracies!) go hand in hand?)

But fine, I’ll take that as a rationalization. A concession to what will

ultimately be the fall of the dollar.

He went on to enthusiastically describe and recommend a range of dollar

denominated opportunities for yield, ultimately coming up short on the

undeniable, yet underlying reality of what a currency collapse looks like for

a portfolio.

Most of us prefer to rationalize the investment upside, comfortable with our

rationalizations with the emergency hedge component. That’s fine. At least

there is that one portion of the portfolio that remains. After all, everyone else

will be in the same boat.

These are massive markets for money, finance, and the array of products and

constant demand. Based on what essentially comes down to a broken

promise, or a lie. Unsound money.

On the surface, it too is a seemingly endless (yet also fascinating) story-

drama of human behavior and psychology. It is also based on a very

primitive set of beliefs and morality. A complicated and fascinating pseudo

science devoted to keeping the whole thing alive.

History is peppered with examples of this primitive morality. Nevertheless,

here we are in this part of the great cycle and the war machine is growing.

The majority of mainstream investors are in it for the flow. They “need” the

yield. But they will warm up to the idea when gold and silver come around

again. The eternal allure of precious metals is merely veiled from time to

time. The understanding never completely goes away at the level of the

individual.

For more articles like this, including thoughtful precious metals analysis beyond the mainstream propaganda and basically everything you need to know about silver, short of

outlandish fiat price predictions, check out http://www.silver-coin-investor.com