by Steve St. Angelo, SRSrocco:
Enjoy the good times while you can because when the economy BLOWS UP this next time, there is no plan B. Sure, we could see massive monetary printing by Central Banks to continue the madness a bit longer after the market crashes, but this won’t be a long-term solution. Rather, the U.S. and global economies will contract to a level we have never experienced before. We are most certainly in unchartered territory.
Before I get into my analysis and the reasons we are heading towards the Seneca Cliff, I wanted to share the following information. I haven’t posted much material over the past week because I decided to spend a bit of quality time with family. Furthermore, a good friend of mine past away which put me in a state of reflection. This close friend was also very knowledgeable about our current economic predicament and was a big believer in owning gold and silver. So, it was a quite a shame to lose someone close by who I could chat with about these issues.
While some of my family members know about my work, I don’t really discuss it with them. If they ever have a question, I will try to answer it, but I found out years ago that it was a waste of time to try and impose my knowledge upon them. Which is the very reason I started my SRSrocco Report website… LOL. So, now I have a venue to get my analysis out to the public. I don’t care about reaching everyone, but rather to provide important information to those who are OPEN to it.
As I have stated before, I receive communications from individuals all across the world and from all different occupations. The common theme I receive from these individuals, who stumbled upon my website, is that they say, “IT’S MUCH WORSE THAN YOU REALIZE.” Unfortunately, I cannot share publically the information that they have provided, but I can tell you that the GRAND FACADE will come crashing down to the shock and surprise by the masses.
However, I can tell you one individual has contacted me with data suggesting that one of the largest shale oil companies in the United States has been fudging its numbers for the past several years. I have had nearly a half a dozen phone conversations with this individual and the evidence points to serious fraudulent activity. And let me tell you this individual is no conspiracy nut, he was a Senior-Level person in the company. When this information becomes public, it could be the next ENRON. If so, that will destroy the investor trust in the U.S. Shale Energy Industry. Virtually overnight, we could see a collapse of capital investment in an industry that hasn’t really made any profits since it started producing shale oil and gas nearly a decade ago.
Unfortunately, I continue to read articles and receive emails from individuals who believe that the vast U.S. shale energy resources will make the U.S. energy independent. I am completely surprised by the lack of wisdom of supposedly highly intelligent individuals who should know better. Furthermore, it seems to be that the debate is not about discussing facts and reason, but rather between the TRUTH & LIES.
Thus, there is a big disconnect between individuals with CHARACTER, INTEGRITY, and TRUTH versus those who don’t care about increasing the debt to produce shale energy. According to these individuals, they don’t care if someone gets stuck with the debt if it allowed them to make money or for Americans to enjoy low-priced gasoline. This is exactly what is wrong with the world today. The world has become so big; we don’t care about screwing someone else in order to make a buck. If it isn’t our money, then the hell with them.
So, to debate someone with that sort of mentality, it’s a total waste of time. You cannot debate an individual based on facts and truth if they come from a position of fraudulent activity and lies. Just like oil and water, they don’t mix. I can tell you; I see this all over the internet… even in the alternative media community. Of course, these individuals will reply that they are correct. However, their position is flawed because their ideology is also flawed.
Here is a piece of advice. Don’t waste time debating individuals who don’t base their ideas on truth and sound data. The only reason I do it via my articles is to prove why their analysis is flawed because people are still making up their minds. I don’t do it to change the mindset of the analysts, (example, CPM Group’s Jeff Christian), but to provide information that helps individuals understand the reality of dire energy predicament we are facing because it all comes down to the energy.
That being said, I haven’t received a reply from Jeff Christian in regards to my article, CPM Group’s Jeff Christian Responds “NEGATIVELY” To The SRSrocco Report On Silver Investment Demand. After my first article, Jeff left some choice words in a comment, which motivated me to reply. Of course, Jeff didn’t reply to the second article because I gather he realizes that the FACTS & DATA prove their gold and silver price analysis has been flawed for 40 years. So, it’s better for Jeff Christian and the CPM Group to keep quiet as they want to continue selling their Gold and Silver Yearbooks to the industry.
The Fundamentals Point To The GREAT DELEVERAGING Of The Economy… Dead Ahead
While the mainstream media and financial networks suggest that THIS TIME IS DIFFERENT for the markets…. it isn’t. The fundamentals of the markets are so out-of-whack, I am amazed people can’t see it. This is also true for the Bitcoin and cryptocurrency market. While a small group of crypto-investors have made a killing, it’s mostly digital wealth. While I don’t have a problem with someone making profits investing in cryptocurrencies, I do have a problem when they believe this technology is the wave of the future. For some strange reason, they must believe in the ENERGY TOOTH FAIRY.
While some of these cryptocurrency analysts (or supposed analysts) believe that we are heading into a new high-tech world where we no longer have to work, just live phat on our Billions in Bitcoin profits, the Falling EROI – Energy Returned On Investment never sleeps. That’s correct; it continues to erode our modern way of living each passing day. Unfortunately, adding more technology does not solve our energy predicament, it just makes it worse.
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