Silver Summit 2011 - kaiserbottomfish.com · Silver Summit 2011 Spokane, USA October 21, 2011...
Transcript of Silver Summit 2011 - kaiserbottomfish.com · Silver Summit 2011 Spokane, USA October 21, 2011...
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Silver Summit 2011Silver Summit 2011
Spokane, USA
October 21, 2011
Presented by John Kaiser
A Different Perspective on A Different Perspective on
Gold & SilverGold & Silver
www.KaiserResearch.com
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Gold is a tangible record of energy consumed: it
is a relic that promises nothing. However, the
energy stored in the above ground gold stock is
an undeniable fact even though it is lost to us.
20 m20 m20 m20 m
Money is an information system that facilitates
economic exchange by keeping track of debits and
credits: it is an abstract promise about the future
whose existence does not require energy as an
input. However, its integrity requires trust.
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America’s Key Problem: the Boomer Bulge & Health Care
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The Chinese AnomalyThe Chinese Anomaly
� Hybrid central command economy
with outsourced production
� Cheap Labor – urbanization of 1
billion rural Chinese unleashed by
the end of orthodox communism
� No Health & Safety for Workers
� No environmental emission
controls
� No Unions to secure medical or
pension benefits
� US Dollar Peg: the devil’s bargain
of maintaining an undervalued
renminbi by bankrolling the US
trade deficit through the
accumulation of US treasury debt
� FDI: foreign direct investment and
technology transfer
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Faces of the Future for a Hospice Nation?
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Or are you a Cost Dumper?
Are you willing to pay the total cost?
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Crash or Inflection on the Crash or Inflection on the Crash or Inflection on the Crash or Inflection on the Horizon?Horizon?Horizon?Horizon?