My wife
and I are now ending our second day in the New York City area. Our motel is in
White Plains, NY, the home base for Pepsico and IBM. Yesterday, your humble
servant here stopped at a local garage to have the oil changed on his car. The
owner was there, and we began to visit while the help worked on the car. The
owner and his employees are Palestinians. They are immigrants. The owner began
to tell me how huge amounts of money are moving from Syria and Saudi Arabia
into New York City, where the Middle-Eastern owners of this money are investing
in real estate! He said this trend does not bode well for the future of the
Middle East. In other words, these rich Saudi Arabians and Syrians are hedging
their bets against popular revolutions toppling the regimes in their countries
that provide the financial fortunes that they are now starting to move out of
their countries into New York City real estate. In other words, they are
getting ready to flee when the people rise up to overthrow their corrupt
governments and set up firing squads for the leaders who have stolen vast sums
from their own people. Moreover, these rich refugees are converting their cash
into tangible assets - real estate - which is a hedge against the coming
collapse in the value of the US dollar which forms the basis of their personal
fortunes from skimming oil profits for personal gain. This is "street
information" that you will not find in financial, business, political
publications. It is the kind of information that circulates among "closed
circles" of friends, and clearly this Palestinian has made some very
powerful financial friends because of his place of origin. What this means for
us is: 1. The chances for the US engaging in wider wars in that part of the
world to protect the oil-rich regimes are growing, and this means more cost,
human, financial for the American people. 2. The conversion of oil dollars into
real estate signals a coming collapse of the value of the US dollar. It will be
worthless paper; these street-smart insiders do not want to own worthless paper
when they can convert it right now into tangible assets like real estate that
can only rise in value as paper currency becomes worthless. The wise prepare
for the future. This "chance" visit at a local gas station provided
an insight into a very probable future for us, and it also made a new friend
for this writer. Such friends can provide "insider" information that
can help us to get out of danger before it strikes. We begin to explore
Manhattan tomorrow, and your humble servant here expects to discover more
"insider" info.
Saturday, January 25, 2014
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