Crisis Con Game: Same Printing Press, Different Faces

The Con Game is the same every crisis.

It’s just different political leaders extending their helping hands.

Con artists do the same thing.

The last time I was approached by one, I was close to an ATM in a big parking lot. He was like shaky graves on a cold winter day. Except it was summer and he had somewhere to go…

It was the ol’ desperate bus ticket con, close to the ATM.

That way it was easier for him get the cash he needed. And for you too, so you can solve their desperate crisis.

But let’s say the roles reverse.

You have crisis…

Maybe you made a bad investment in a business you thought was going to skyrocket, maybe you lost your job and you can’t pay your mortgage, or maybe you have an insurmountable disease. Doctors say it’ll cost you your home…

Then someone comes along and offers to solve your problem seemingly without consequence.

Would you take it?

Usually we do.

Every time there is a national crisis the crisis con game is won via the printing press.

Yet, inflation rises and the average American pays the price.

Here’s what happened after the “Dot Com Bubble” burst.

When many people made bad business investments in online businesses that were yet to have any traction.

The printing press printed us to freedom.

Then…

Here’s what happened after Great Financial Crisis shattered the US housing market from fatal sub-prime mortgage lending.

When mortgages were given out to anyone and everyone, even those that never intended to pay them back!

The printing press printed us to freedom.

Then…

Here’s what happened during the medical crisis of the global pandemic.

When everyone was too scared of the consequences to face COVID-19.

The printing press printed us to freedom.

$6 Trillion later, yet another crisis has been averted but at cost of losing in the long run.

The Crisis Con Game always works like that.

Whereever the printing press exists, it always become the solution.

Yet, debt rises…

And soon enough, there will be too much debt. It will become insurmountable.

Then in the end…

Many will come to that startling realization.

They’ll pay the price.

The solution here is to opt out of the game.

To see the opportunity, where opportunity lies.

When the printing press starts printing, gold beats the S&P 500 every time.

At least for the first 6-18 months.

Then the S&P 500 enters back into the old inflationary pump, pump, pump.