QE-3 - Bet on it - BUT

Look - the bottom line is the World Economic system is in total chaos.


Europe is in disarray. China is a big ole Potemkin Village - and USA is so far behind the eight ball, that they won't be able to pay their Old Age Security - (*I can't believe I am writing this.)


Canada is a smug Country. We have a smug leader.
The Bank of Canada is run by a Goldman Sachs ex (as if) and we have interest rates that should be at 7% for a 5 year, and we are still dithering.


Most of the people I run into are broke. I watched a guy out $3.23 on his credit card yesterday - and today, the Bank I deal with was empty. People standing around.


My goodness, Vancouver is about to undergo a Real Estate crash, and it is gathering steam.


Everyone is nervous. Gold is scraping $1600.00 an ounce, and I think Silver will run way higher. Time to get my Juniors out?
I guess.


The whole deal is this.


We borrowed too much, at artificially low rates. Paper profits were turned into HELOCS and people blew high dough on cabins, Jet-skis and vacations


DUMB.


Now we reap the whirlwind and so many people are going to feel the pain, and sadly it could have all been avoided.


But that, for another time.