Michael Fitzsimmons

Stagflation and Peak Oil: How Related Are They? (Part II)

TIPS, like I-bonds, are a joke and a losing proposition. why? because they are indexed to the government's inflation numbers, which are saying inflation is 4% when we all know it's probably over 10%.

you are right on track with energy services and energy investments. they, along with precious metals, will be the only investments americans will have available as long as we don't do what is required, which is to enact a comprehensive long-term energy policy to protect our country from the economic reality posed by the "oil problem":

thefitzman.blogspot.co...

failure to enact an energy policy will mean economic chaos long before global warming has time to destroy us. we have about 5 years to make serious in-roads on an energy plan or this country will be completely hosed. you're already seeing the beginning effects on our currency, stock, and financial markets. unlike the 70's when the saudis turned on the "spigot" and fixed the problem for us, there's no spigot any more, and we import much more oil (70%!) now than then. the US gov, media, and citizens are in oil denial. soon enough though, the realities will be so clear even a moron will be able to figure it out. of course, you'd think $145 oil would have done it too....