{"id":5589,"date":"2012-01-10T22:05:43","date_gmt":"2012-01-11T02:05:43","guid":{"rendered":"http:\/\/www.pgm-blog.com\/?p=5589"},"modified":"2012-01-10T22:05:43","modified_gmt":"2012-01-11T02:05:43","slug":"debt-collapse-by-mike-maloney","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/debt-collapse-by-mike-maloney\/","title":{"rendered":"Debt Collapse by Mike Maloney"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"http:\/\/www.youtube.com\/embed\/tj2s6vzErqY\" frameborder=\"0\" width=\"560\" height=\"315\"><\/iframe><\/p>\n<p>Dear\u00a0<strong>PGM Capital Blog<\/strong>\u00a0readers,\u00a0we believe that the year 2011 that came to an end\u00a0approx. 10 days ago will go into history as the year of the big lie, a year in which\u00a0you were led to\u00a0believe that the\u00a0safest asset\u00a0on earth is the US-Treasury Bond.<\/p>\n<p>The media lying to investors is nothing\u00a0new.\u00a0If\u00a0we go back 12 years we see the following pattern\u00a0in\u00a0the media\u00a0misinforming the people and leading them\u00a0in the wrong direction.<\/p>\n<p>In 1998 \/1999 the media was broadcasting the magic word of \u201c<strong><a title=\"THE NEW ECONOMY\" href=\"http:\/\/en.wikipedia.org\/wiki\/New_Economy\" target=\"_blank\">New Economy<\/a><\/strong>\u201d in the sense that in the \u201cNew Economy\u201d Internet stocks with no intrinsic value would<strong> <\/strong>be the \u201cAsset Class\u201d to invest in and anything with a \u201cDOT COM\u201d behind it, was a free ticket to\u00a0a<strong>\u00a0<\/strong>great life-style\u201d and that fundamentals like Price to Earning, Price to\u00a0Book\u00a0and Price to Cash flow was something\u00a0of\u00a0the past.<\/p>\n<p>A Network in the USA had a cake for every time the NASDAQ crossed a 1000 mark in the period from August 1999 \u2013 March 2000.\u00a0From August 5<sup>th<\/sup>\u00a01999 to March 10<sup>th<\/sup>2000, the <strong>NASDAQ<\/strong> appreciated from<strong> 2,565.83<\/strong> to <strong>5,048.62<\/strong>\u00a0points, and\u00a0then\u00a0the NASDAQ<strong>\u00a0<\/strong>crash started on March 11<sup>th<\/sup>\u00a02000.<\/p>\n<p>The same happened\u00a0in the period of 2002 \u2013 2005,\u00a0when<strong>\u00a0<\/strong>the media told the middle class that the value of their House\u00a0would\u00a0always\u00a0go\u00a0up\u00a0and advised them\u00a0to take Home Equity loans in order to buy more real estate. <strong><a title=\"NINJA Loans\" href=\"http:\/\/en.wikipedia.org\/wiki\/No_Income_No_Asset\" target=\"_blank\">NINJA<\/a><\/strong> (No Income No Job no Assets) loans\u00a0were provided and early 2007 <strong>Boom\u2026\u2026\u2026\u2026\u2026.<\/strong> The collapse of the Real Estate started and again,\u00a0similar<strong> <\/strong>to\u00a0March 2000, charlatans told investors\u00a0to\u00a0hold on to\u00a0or even buy more Real Estate. It is fresh in our memory how this event\u00a0led\u00a0to the big crash of September 2008 \u2013 February 2009.<\/p>\n<p>The problem with common people and the middle class is that they have a short memory and most of the time are balancing between Greed and Fear\u00a0with regard to\u00a0their finances and Investments.<\/p>\n<p>History has proven that after a <strong>BIG LIE<\/strong>, the <strong>UNCONDITIONAL TRUTH<\/strong> will come out.<\/p>\n<p>If we are right that the year 2011, similar to 1999 and 2005 was the year of the BIG LIE, 2012 might be the year in which the UNCONDITIONAL TRUTH will come out.<\/p>\n<p>The problem this time is, that a crash of the bond market is by no means similar to a DOT COM or Housing market Crash.\u00a0A\u00a0crash of the bond market in history has proven to be the mother of all crashes.\u00a0A bond market crash wipes out cash completely, which\u00a0most of the time has led\u00a0to a reset of wealth and very bloody wars.<\/p>\n<p>Ladies and Gentlemen, in a <strong><a title=\"FIAT CURRENCY SYSTEM\" href=\"http:\/\/www.investopedia.com\/terms\/f\/fiatmoney.asp#axzz1j6xKC69N\" target=\"_blank\">fiat currency<\/a><\/strong> system, the intrinsic value of money in your pocket is <strong>ZERO<\/strong>.\u00a0On\u00a0the other\u00a0hand,\u00a0Gold is real money for which the markets determine\u00a0its value.<\/p>\n<p>If you don\u2019t want to hold fiat currency today, why do you want to hold a piece of paper promising you fiat currency in five years? In other words if paper currency has no intrinsic value, what do you think that the intrinsic value is of a treasury bond maturing in 2, 5, 10 or 30 years?<\/p>\n<p>Due to this we advise investors and the middle class to exchange their paper\u00a0or<strong> <\/strong>fiat currency for Real Money<strong>:<\/strong>\u00a0Gold, Silver, and other precious metals.<\/p>\n<p>Before following any investing advice, always take your investment horizon and risk tolerance into consideration and keep in mind that the price of Commodities, Precious metals as well as the stocks of their producers can be very\u00a0volatile and that sharp corrections may happen in the short term.<\/p>\n<p>Last but not least we advise you to watch the attached video of Mr. Mike Maloney in which he very clearly\u00a0explains\u00a0what\u00a0the risk of sovereign debt of the\u00a0West means for your wealth, your prosperity and that of your loved ones.<\/p>\n<p>For the sake of humanity I hope and wish that the points as discussed in this blog article\u00a0will\u00a0never happen.<\/p>\n<p>But if after reading this and viewing the video you agree with the content, please feel free to contact us, for us to talk with you about your future and the best investment plan than meets your profile<\/p>\n<p>Yours sincerely<\/p>\n<p>Eric Panneflek<br \/>\nChairman<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear\u00a0PGM Capital Blog\u00a0readers,\u00a0we believe that the year 2011 that came to an end\u00a0approx. 10 days ago will go into history as the year of the big lie, a year in which\u00a0you were led to\u00a0believe that the\u00a0safest asset\u00a0on earth is the US-Treasury Bond. The media lying to investors is nothing\u00a0new.\u00a0If\u00a0we go back 12 years we see<a href=\"https:\/\/www.pgmcapital.com\/nl\/debt-collapse-by-mike-maloney\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,24,10,19,12,15,16,1,17,32,18],"tags":[],"class_list":["post-5589","post","type-post","status-publish","format-standard","hentry","category-commodities","category-energy","category-eric-panneflek","category-financial-news","category-inflation","category-pgm-capital","category-precious-metal","category-uncategorized","category-us-dollar","category-video","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=5589"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=5589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=5589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=5589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}