America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

America - #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. - Photo by IshupragunThe United States is a deeply unhappy place.  We are a nation that is absolutely consumed by fear, stress, anger and depression.  It isn’t just our economy that is falling apart – the very fabric of society is starting to come apart at the seams and it is because of what is happening to us on the inside.  The facts and statistics that I am going to share with you in this article are quite startling.  They are clear evidence that America is a nation that is an advanced state of decline.  We are overwhelmed by fear, stress and anxiety, and much of the time the ways that we choose to deal with those emotions lead to some very self-destructive behaviors.  Americans have experienced a standard of living far beyond the wildest dreams of most societies throughout human history, and yet we are an absolutely miserable people.  Why is this?  Why is America #1 in so many negative categories?  Why are we constantly looking for ways to escape the pain of our own lives?  Why are our families falling apart?  There is vast material wealth all around us.  So why can’t we be happy?

Just look around you.  Are most of the people around you teeming with happiness and joy?  Sadly, the truth is that most Americans are terribly stressed out.  Yeah, many of them may be able to manage to come up with a smile when they greet you, but most of the time they are consumed by internal struggles that are eating away at them like cancer.

So why is this happening?  Is modern life structured in a way that is fundamentally unhealthy?

Below I have posted a short excerpt from a message that one of Charles Hugh Smith’s readers named Kenneth Daigle recently sent to him.  I think that it does a good job of describing the incredible stress that many people contend with on a daily basis…

Think about how our culture is now structured for the average adult: STRESS, everywhere you look–commuting in horrible traffic, as you want to scream in frustration–money stress, to pay rent/house note, tuition, utilities, gas, insurances, vacations, cable bill, rising food costs, and on and on and on–stress from family problems, divorce, delinquency, drugs, crime, infidelity, keeping up with the Jones, etc.

People have too high an expectation of what they should have out of life, and get overly stressed over it all. How does all of this manifest itself? A prescription drug culture (Zoloft, Xanax, etc.) that tricks people into thinking a pill will knock back the stress, when these drugs, in my opinion, only make things worse.

I am hearing more and more that people just want to drop out from it all, as they are reaching a breaking point, and have decided less income and dependency on entitlements will reduce their stress, and is not so humiliating, so giving up working becomes more acceptable, to KEEP ONE’S SANITY.

I know I am correct, from the feedback I hear every day, and the financial media does not see this like I hear it every day. People don’t want to admit that they are too weak to deal with stress, so the financial pundits are not aware of this critical factor because they don’t talk to Joe Sixpack.

Most Americans live lives of “quiet desperation” that are punctuated by moments of great crisis.  We spend our prime years working for others (making them rich) in order to pay off debts that we have foolishly accumulated (thus making the banks even wealthier).  When most Americans reach the end of their lives, they look back and wonder what they actually accomplished.

James Altucher published an incredible article the other day entitled “Why Do People Hate Their Jobs?”  It did a great job of describing what life is like for the modern worker in America.  The following are a few of the reasons that he says people tend to hate their jobs…

-Jobs are modern-day slavery. We are paid just enough to live and not more. You are punished if you ask for more.

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-We are often verbally abused on the job and we take it because we think it’s normal that people would yell at us.

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-The government gets up to 50% of your paycheck and then 10-20% of that goes to kill people on other parts of the planet, including our own children.

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-From 7am to 7pm you are either A) going to work, B) at work, or C) coming back from work. Hence, the times when you can be most creative are garbage-compacted into your cubicle.

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-When you are paranoid at a job, you are probably correct. THEY are, in fact, talking about you and backstabbing you right now.

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-You realize that all the dollars you spent on degrees to get you a job that will make you happy were completely wasted. You were scammed but you can’t let the next generation know how stupid you were so now you become part of perpetuating the scam.

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-Your spouse is tired of hearing about your job after six months. And you couldn’t care less about hers. Ten years later you wake up next to a total stranger. 40 years later you die next to one.

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-When you were a kid you liked to draw, and read, and run, and laugh, and play, and imagine a magical world. You’re never going to do any of that again.

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-Over time everyone is getting fired and being replaced by younger, cheaper, more temporary, more robotic, versions of you. You see this but are afraid to do anything about it.

And of course when we get home from work there is even more stress.  In America today, we are witnessing a breakdown of the family unlike anything we have ever seen before.  The United States leads the world in divorce and in single person households.  We are having an increasingly difficult time relating to one another, and many of us drown our sorrows in our addictions.  We are addicted to pills, to alcohol, to food, to entertainment, to sex, to gambling, to shopping and to anything else that will make us feel good and forget about our problems for a while.

The following is a collection of facts and statistics that prove that America is being absolutely consumed by fear, stress, anger and depression…

-Suicide has now actually surpassed car accidents as the number one cause of “injury death” in the United States.

-More U.S. soldiers killed themselves than were killed in combat last year.

-As I mentioned in another article, Americans will spend more than 280 billion dollars on prescription drugs during 2013.

Nearly one out of every four women in the United States are taking antidepressants.

-The percentage of women taking antidepressants in the U.S. is higher than in any other country in the world.

-In 2010, the average teen in the U.S. was taking 1.2 central nervous system drugs.  Those are the kinds of drugs which treat conditions such as ADHD and depression.

-Children in the United States are three times more likely to be prescribed antidepressants as children in Europe are.

-According to a recent article by David Kupelian, “one-third of the nation’s employees suffer chronic debilitating stress, and more than half of all ‘millennials’ (18 to 33 year olds) experience a level of stress that keeps them awake at night, including large numbers diagnosed with depression or anxiety disorder.”

-Tens of millions of Americans use alcohol and drugs to numb the pain that they are experiencing.  In the United States today, there are about 28 million Americans with a drinking problem and about 22 million Americans use illegal drugs.

-More people have been diagnosed with mental disorders in America than anywhere else on earth.

-There are also tens of millions of Americans that try to deal with anxiety and stress by eating.  Of all the major industrialized nations, America is the most obese.  Mexico is #2.

-Back in 1962, only 13 percent of all Americans were obese.  Today, approximately 36 percent of all Americans are obese.

-Many people try to escape from the pain of reality by getting lost in entertainment.  Incredibly, the United States is tied with the UK for the highest average number of hours spent watching television each week.

-The United States has the highest divorce rate in the world by a good margin.

-The United States has the highest percentage of one person households on the entire planet.

-According to the Pew Research Center, only 51 percent of all American adults are currently married.  Back in 1960, 72 percent of all adults in the United States were married.

-At this point, approximately one out of every three children in America lives in a home without a father.

-For women under the age of 30 living in the United States today, more than half of all babies are being born out of wedlock.

-The United States has the highest child abuse death rate in the developed world.

-In the United States today, it is estimated that one out of every four girls is sexually abused before they become adults.

-The United States has the highest teen pregnancy rate in the world by a very wide margin.

-The United States produces more pornography than any other nation in the world.

-If you can believe it, there are 20 million new STD infections in the United States every single year.

-The U.S. has the highest STD infection rate in the entire industrialized world.

-It is estimated that about one out of every six Americans between the ages of 14 and 49 have genital herpes.

-Sadly, one out of every four teen girls in the U.S. has at least one sexually transmitted disease.

-The United States leads the world in eating disorder deaths.

-Nobody in the world gets more plastic surgery done than Americans do.

-Americans spend more time sitting in traffic than anyone else in the world.

-America has the highest incarceration rate and the largest total prison population in the entire world by a very wide margin.

Fear is one of the primary things that motivates the American people, and that is a very powerful weapon that can be used against us.

As I wrote about yesterday, those that commit acts of terror want to get attention and they want to create fear.

And that is exactly what the Boston Marathon bombing accomplished.  It captured the attention of the nation for days on end, and it absolutely paralyzed the entire Boston area with fear.

When we allow ourselves to be terrorized, we actually encourage more terror attacks.  When we give terrorists what they want, it just encourages more psychos to commit acts of terror.  If you don’t believe me, just check out the following links that I found posted on The Drudge Report on Monday…

*”3 Alabama hospitals evacuated after bomb threats“*

*”Connecticut Courthouse Evacuated After Bomb Threat“*

*”South Hills Village Evacuated After Bomb Threat“*

*”Rock Island neighborhood evacuated after bomb threat“*

*”Bomb threat forces evacuation of Seabreeze office building“*

The appropriate response to a terror attack is to refuse to be terrorized.  Yes, we should also work to expose and punish the individuals, organizations and governments that are behind terror.  But we should also not let terror change how we live our lives, and we should definitely not allow terror to be used as an excuse to rip our liberties and freedoms away.

Sadly, as Ron Paul has detailed, some of our politicians are already calling for “tighter security” in the aftermath of the Boston Marathon bombing…

Sadly, I expect this week’s tragic attacks in Boston to be used to justify new restrictions on liberty. Within 48 hours of the attack in Boston, at least one Congressman was calling for increased use of surveillance cameras to expand the government’s ability to monitor our actions, while another Senator called for a federal law mandating background checks before Americans can buy “explosive powder.”

I would not be surprised if the Transportation Security Administration uses this tragedy to claim new authority to “screen” Americans before they can attend sporting or other public events. The Boston attack may also be used as another justification for creating a National ID Card tied to a federal database with “biometric” information. The only thing that will stop them is if the American people rediscover the wisdom of Benjamin Franklin that you cannot achieve security by allowing government to take their liberties.

But no matter how much liberty and freedom we give up, we will never be 100% safe.  Bad people are always going to do bad things, and unfortunately we are probably going to see some pretty nightmarish things in the years ahead as the world becomes even more unstable.

If we allow the bad guys to get us so frightened that we throw out the U.S. Constitution and abandon our liberties and our freedoms, then we are the ones who lose.

Yes, the years ahead are going to be tough.  The economic collapse is going to accelerate greatly, there will be tremendous natural disasters, there will be war in the Middle East and there will be other problems that we cannot even conceive of right now.  At the same time, the American people will continue to become even angrier and even more frustrated.  According to a recent Pew Research survey, the percentage of Americans with a favorable view of the federal government is now at an all-time low.  As the economy crumbles, there will likely be great civil unrest as people demand solutions.  Unfortunately, our problems took decades to develop and they will not be solved overnight even if we did have good people in office.

So why am I saying all of this?

And why am I constantly warning about the coming economic collapse?

Is it because I want to create fear?

No, just the opposite of that.

I am a watchman on the wall.

In ancient times, a watchman would warn the people when the enemy was approaching.

When you receive the warning, there are a few different ways that you can respond to it…

#1 You can become consumed with fear and run away from the enemy.  Unfortunately, cowards never get the victory in the end.

#2 You can dismiss the warning and pretend that the enemy is not approaching.  But then when the enemy comes you will be completely unprepared.

#3 You can do everything possible to get prepared to face the enemy that is coming with strength and courage.

And that is how I would encourage all of you to approach the coming economic collapse and the other great problems that we will soon be experiencing as a nation.

Do not be afraid.

Instead, be strong and courageous and prepare well for the storms that are coming.

21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System

The summer of 2012 is shaping up to be very similar to the summer of 2008.  Things look incredibly bleak for the global economy right now.  Economic activity and lending are slowing down all over the planet, and fear is starting to paralyze the entire global financial system.  Things did not look this bad back in the summer of 2011 and things certainly did not look this bad back in the summer of 2010.  It is almost as if a “perfect storm” is brewing.  Today, the global financial system is a finely balanced pyramid of risk, debt and leverage.  Such a system requires a high degree of confidence and stability.  But when confidence disappears and fear and panic take over, the house of cards can literally start collapsing at any time.  Right now we are watching a slow-motion train wreck unfold and nobody seems to know how to stop it.  Unless some kind of a miracle happens, things are going to look much different when we reach the start of 2013 than they do today.

The following are 21 signs that this could be a long, hot, crazy summer for the global financial system….

#1 There are rumors that major financial institutions are cancelling employee vacations in anticipation of a major financial crisis this summer.  The following are a couple of tweets quoted in a recent article by Kenneth Schortgen Jr….

Todd Harrison tweet: Hearing (not confirmed) @PIMCO asked employees to cancel vacations to have “all hands on deck” for a Lehman-type tail event. Confirm?

Todd M. Schoenberger tweet: @todd_harrison @pimco I heard the same thing, but I also heard the same for “some” at JPM. Heard it today at a hedge fund luncheon.

As Schortgen points out, these are not just your average Twitter users….

Todd Harrison is the CEO of the award winning internet media company Minyanville, while Todd Shoenberger is a managing principal at the Blackbay Group, and an adjunct professor of Finance at Cecil College.

#2 The Bank for International Settlements is warning that global lending is contracting at the fastest pace since the financial crisis of 2008.

#3 Unemployment in the eurozone has hit a brand new all-time record high.

#4 The government of Portugal has just announced that it will be bailing out three major banks.

#5 Many U.S. banking stocks are being hit extremely hard.  For example, Morgan Stanley stock has declined by 40 percent over the past four months.

#6 Yields on Spanish debt and yields on Italian debt have been absolutely soaring.

#7 10 year U.S. Treasury notes hit a record low on Friday because investors are scared and they are looking for safety. The following is from a recent USA Today article….

“Treasuries are at 1.46 because people are freaking out,” says Mark Vitner, senior economist at Wells Fargo Economics.

#8 New orders for factory goods in the United States have declined three times in the last four months.  That is a sign that the “economic recovery” in the U.S. has clearly stalled.

#9 U.S. job growth in May was well below expectations and the unemployment rate has increased to 8.2 percent.

#10 Economies all over the developed world are seriously slowing down right now.  The following is from a recent article by Ambrose Evans-Pritchard….

Brazil wilted in the first quarter. India grew at the slowest pace in nine years. China’s HSBC manufacturing index fell further into contraction in May, with new orders dropping sharply and inventories rising.

#11 Stocks in Japan hit a 28 year low on Monday.

#12 Over the past five years, the stock markets of Greece, Spain, Italy, Portugal, Ireland and Cyprus have all fallen by more than 50 percent.  Will we soon see similar results all over the rest of Europe?

#13 The Greek economy is literally shutting down.  Just check out the chaos that unpaid bills are already causing….

And unpaid bills are now threatening Greece’s electricity supply. State-owned Electricity Market Operator (LAGIE), a clearing house for power transactions, hasn’t paid independent power producers for electricity it bought from them. They, in turn, haven’t paid their natural gas supplier, Public Gas Corporation (Depa), which now doesn’t have the money to pay its supplier. Payment is due on June 22. Alas, its supplier is Gazprom in Russia, and they insist on getting paid. If not, they will shut the valve, and Depa won’t get the gas to supply the independent producers, which will have to take their power plants off line, removing about a third of the country’s electricity production.

#14 It is estimated that there are 273 billion dollars of failed real estate loans in the Spanish banking system.

#15 In March, 66 billion euros was pulled out of Spanish banks and sent out of the country.  That was an all-time record and that was before we even knew the results of the recent elections in Greece and France.  The numbers for April and May will almost certainly be even worse.

#16 The unemployment rate in Spain is 24.4 percent and for those under the age of 25 it is over 50 percent.

#17 Former Italian Prime Minister Silvio Berlusconi is warning that Italy may have to take drastic actions if something is not done soon….

“People are in shock. Confidence has collapsed. We have never had such a dark future,” he said. Indeed, the jobless rate for youth has jumped from 27pc to 35pc in a year. Terrorism has returned. Anarchists knee-capped the head of Ansaldo Nucleare last month. Italy’s tax office chief was nearly blinded by a letter bomb.

“If Europe refuses to listen to our demands, we should say ‘bye, bye’ and leave the euro. Or tell the Germans to leave the euro if they are not happy,” he said.

#18 It now looks like Cyprus is going to be the next European nation to need a bailout.

#19 Switzerland is threatening to implement capital controls in order to stop the massive flow of money that is coming in from banks around the rest of Europe.

#20 As I wrote about the other day, World Bank President Robert Zoellick is warning that “the summer of 2012” could end up being very similar to what we experienced back in 2008….

“Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.”

#21 Germany’s former vice-Chancellor, Joschka Fischer, is warning that the entire EU could fall apart over this crisis….

“Let’s not delude ourselves: If the euro falls apart, so will the European Union, triggering a global economic crisis on a scale that most people alive today have never experienced”

When was the last time that we saw so much bad economic news come out all at once?

2008 perhaps?

We truly live in unprecedented times.

It will be exciting to watch what happens, but it is also important to keep in mind that the coming economic crisis will cause extreme pain for millions upon millions of people.

For example, the suicide of a mother and a son due to the deteriorating economy has absolutely shocked the entire nation of Greece….

A 60-year-old Greek musician and his 91-year-old mother jumped to their deaths from their 5th floor apartment, driven to despair by financial woes. This double death is the latest in a rising epidemic of crisis-induced suicides in Greece.

­Witness accounts vary – some say the mother, who suffered from Alzheimer’s, jumped first, screaming a prayer as she plummeted to her death. Other neighbors say the mother and her son jumped together, holding hands.

But the one thing everyone seems to agree on is that the family had been struggling for a long time. The night before, Antonis Perris posted a suicide note of sorts on a popular Greek forum, saying he had no way of resolving the family’s financial issues.

“The problem is that I didn’t realize that I would need to have cash, because the economic crisis came so suddenly. Even though I have been selling our possessions, we have no cash flow, we have no money to buy food anymore and my credit card is maxed out with 22% interest rate.”

Perris continued to say that both his and his mother’s health deteriorated, and that he saw no solution to his most basic problems – getting food and medical help.

This is why it is so incredibly important to get prepared.

You don’t want something like that happening to you or anyone in your family.

Extreme Paranoia

Have you noticed that our entire society operates on fear now? Everyone is afraid of everybody else. We are taught not to trust anyone that we do not know and that we should literally spy on our neighbors because they might be a threat. If you do not participate in all of the extreme paranoia that is going on then supposedly something is wrong with you. In fact, if you are not paranoid like everyone else is then you might be a threat.  After all, according to FBI Director Robert Mueller, “homegrown terrorists” represent as big a threat to American national security as al-Qaeda does.  But in the midst of all of this extreme paranoia, we have thrown common sense out the window.  We are told that it is Islamic extremists that want to attack us, and yet we are so obsessed with being politically correct that the TSA will grope grandma, grandpa and all the little children they can get their hands on but they will allow men in full Islamic dress to walk right through airport security without even being checked.  We will put up video cameras to watch schoolchildren eat their lunches and yet we are leaving our borders completely wide open.  Thousands of real terrorists could be crossing our borders each day and we would never even know it.  But this is what happens when extreme paranoia sets in – people (and governments) start behaving very irrationally.

Recently, U.S. Representative Paul Broun went through airport security and what he witnessed absolutely shocked him….

“I walked through there was right behind me there was a grandmother — little old lady, and she was was patted down. Right behind her was a little kid who was patted down. And then right behind him was a guy in Arabian dress who just walked right through. Why are we patting down grandma and kids?”

What ever happened to common sense?

The American people are constantly whipped into a state of fear by the mainstream media and so there is a never ending call for even more “security” so that we can all feel safe.

Meanwhile, the most basic things that need to be done for our security, such as securing our borders, are totally ignored because they are not politically correct.

Instead, most of the focus seems to be on keeping as many eyeballs on American citizens of possible.

U.S. Senator Ron Wyden made headlines recently when he revealed that the U.S. government interprets the Patriot Act much more “broadly” than the general public does….

“We’re getting to a gap between what the public thinks the law says and what the American government secretly thinks the law says.”

That doesn’t sound good.

According to Wyden, “the government is relying on secret interpretations of what the law says without telling the public what those interpretations are.”

Isn’t that great?

Now the government has such extreme paranoia that they won’t even tell us what the rules are so we won’t even know if we are breaking them.

Have you noticed that everything seems to be “secret” these days?

Everywhere you turn someone in the government is claiming that “national security” is at risk for one reason or another.  The American people are being increasingly kept in the dark about everything because we cannot be “trusted”.

Secrecy and extreme security measures are now equated with patriotism.

Recently, U.S. Representative Ron Paul gave a speech on “The Patriot Act” on the floor of the House of Representatives.  The following is a brief except from that speech….

Our Presidents can now, on their own:

*Order assassinations, including American citizens,
*Operate secret military tribunals,
*Engage in torture,
*Enforce indefinite imprisonment without due process,
*Order searches and seizures without proper warrants, gutting the 4th Amendment,
*Ignore the 60 day rule for reporting to the Congress the nature of any military operations as required by the War Power Resolution,
*Continue the Patriot Act abuses without oversight,
*Wage war at will,
*Treat all Americans as suspected terrorists at airports with TSA groping and nude x-raying.

And the Federal Reserve accommodates by counterfeiting the funds needed and not paid for by taxation and borrowing, permitting runaway spending, endless debt, and special interest bail-outs.

Does that sound “patriotic” to you?

The following is a short video that includes even more of Ron Paul’s remarks….

Sadly, Ron Paul is vastly outnumbered in Congress by those that want even more secrecy and even more extreme security measures.

America is becoming a much different place.  The truth is that even if we give up all of our liberties and all of our freedoms we will still be extremely vulnerable to outside threats.

Do you really want to live in a society where there is very little liberty or freedom?  That is the direction America is going.  We may feel slightly safer, but we will cease to be Americans.

Recently, I wrote about the growing “big brother” control grid going up all over the country on The American Dream….

Do you want your children and grandchildren to live in a futuristic “big brother” control grid where everything they do is watched, recorded, tracked and tightly controlled?  Well, that is exactly where things are headed.  We witnessed some really bad totalitarian regimes during the 20th century, but what is coming is going to be far more restrictive than any of the despots of the past ever dreamed was possible.  Today, nearly every government on earth is tightening their grip on their citizens.  Paranoia has become standard operating procedure all over the planet and nobody is to be trusted.

All of this extreme paranoia must stop.

Sometimes people will say something like this: “Well, I don’t mind if the government watches me or searches me because I have nothing to hide.”

The next time someone tells you something like that, do the following….

Pull out a chair and set it down six inches away from that person.  Then sit in the chair and stare directly at him or her without moving.  After a few moments that person will say something like: “What in the hell are you doing?”

In response, just tell them that they just said that they didn’t mind being watched.

The truth is that none of us want eyeballs on us 24 hours a day.

Our founding fathers included the Bill of Rights in the Constitution for a reason.  The Bill of Rights is there to protect our most basic liberties.

If we allow those liberties to be stripped away in exchange for a little bit more security we will only have ourselves to blame.

The Dominant Force In World Financial Markets In 2010 Is Fear

Extreme volatility is not a sign of health for financial markets.  But in 2010 financial markets around the globe are experiencing unprecented volatility.  Why?  It is because the entire world financial system has been gripped by fear.  In today’s crazed environment, it seems like just about anything can set off a major panic.  In fact, these days politicians have to be extremely careful about what they say about their national finances, because saying the wrong thing can literally send world markets into violent convulsions.  For instance, when a senior Hungarian official said that the Hungarian economy was in a “very grave situation” last week it sent world financial markets into a tailspin.  Panic was everywhere and everyone was talking about how Hungary could be the “next Greece”.  Of course on Monday Hungarian officials backed away from that comment and tried to reassure world markets that everything was fine, but the damage had been done.

It was a perfect example of the spirit of irrational fear that has gripped the financial world.

After all, even if Hungary did fall apart financially, it wouldn’t plunge the rest of the world into a depression.

And the truth is that Hungary is not really in that bad shape financially.  Hungary’s budget deficit is about half the size of the Greek budget deficit and Hungary doesn’t even use the euro.

But now investors all over the world are constantly scanning the news for the latest piece of information that will send waves of panic through the markets.

In the current environment, fear is what moves the markets.

The reality is that fear is the reason why the euro is plunging at breathtaking speed.

Are many of the economies in Europe truly in really bad shape?

Of course.

However, it could be argued that the economies of the U.S. and Japan are in even worse shape in many ways.  Japan’s gross public debt has reached 201 percent of GDP and the United States has piled up the biggest mountain of debt in the history of the world.

But because of the extreme fear that has been generated, people are moving out of the euro and into dollars and yen.

In fact, the euro is probably headed even lower.

GFT Forex’s Boris Schlossberg believes that the euro could fall down to the 1.16/1.17 range before this current panic is over….

“I think we run the risk of seeing 1.16/1.17 before the next selling phase dies down. The euro is just absolutely hated here. The European rescue package still faces some regional opposition. There were rumors the German high court could rule it was unconstitutional. They don’t have a federal mechanism to put it in place, and there’s worries that at any point in time, the rescue package could be sabotaged.”

But all of this fear and panic is actually good for investors in gold and silver.

Why?

Because during times of fear and panic investors look to move their money into something that is secure, and gold and silver have been secure investments for thousands of years.

So in this environment of fear, gold is absolutely soaring.  On Monday, the price of gold climbed 1.9 percent to $1239.30 per ounce.  That was the largest one day rise in the price of gold since February 16th.

So how high will gold go?

Well, the truth is that nobody knows.

But if fear and panic continue to grip world financial markets in the months ahead, there is really no telling how high it could go.

In fact, even many mainstream financial analysts are becoming extremely bullish on gold.

As Dan Burrows of Daily Finance recently commented, “you don’t have to be a member of the build-a-bunker-in-Montana crowd to believe gold could hit $2,500 in the next couple of years.”

But these days no investment is truly safe.  One really bad rumor these days can send any stock, any currency or any commodity into a tailspin.

Fear is everywhere.  Governments and central banks are intervening in the markets in unprecedented ways, but it is still not enough to keep the markets from flopping around like a dying fish.

So for those who are waiting for the financial markets to get back to “normal”, you are likely to be waiting for quite a long time.  The world economic situation is not going to be getting any better in the long-term.  So if financial markets are flipping out this much even now, just wait and see what happens when things really start falling apart.

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