Hera Research’s Ron Hera was with us today. He painted a very unpleasant picture of the US economy, and to a lesser extent the world economy. The actual inflation, which is higher than the propagandistic reported rate, means the economy has actually been contracting for the last four years. All economic statistics issued by governmental authorities must be viewed with extreme suspicion as they are politically derived and driven. This means that getting the real facts, altering your economic behavior and acquiring things of true value is your only route to economic salvation. There is no other way. And while Ron is bearish on the macro economic trends, he’s very bullish on precious metals and mining stocks of which many are presently worth more dead than alive.
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