Ranting Andy Tells Kerry Lutz Europe is Toast–01-16-2012

Miles Franklin’s reigning precious metals guru Ranting Andy Hoffman told us today that Europe’s economic system is toast. There’s no way for the weaker economies to make a comeback and pay down all the debt they’ve accumulated over the past several decades. More importantly to us New Yorkers, however, is that the NY Giants defied conventional wisdom and the prognostications of the clueless mainstream media and defeated the Green Bay Packers. While I know that this is a disappointment to many of my Wisconsin friends, family and fans, nonetheless it made it easier to wake up this morning and come to work. Perhaps New York’s wunderkind governor will also defy the odds and turn New York’s economy around. However, I think the Giants are more likely to win the Superbowl than that occurring.

Nine European nations’ credit ratings were slashed on Friday. France lost its coveted “Triple A” ranking and Italy was cut to just one level above junk. But Andy says, “That’s all any of their debt is, junk.” Time to take matters into your own hands and start stocking up on gold and silver. Prices have firmed and now it’s just a matter of time.

Please send your questions/comments to kl@kerrylutz.com or call us at 347-460-LUTZ.

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