[quote=Hobie]No, I haven’t but I like to read writings by economists.
If his time line and predictions are even half correct, we are going into deep do do.
Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉
Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.
Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.
I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]
The author recommends gold>silver until that bubble pops sometime around 2014-2016 and LEAPS which short the stock market on a long term basis. He also recommends selling all of your real estate in order to take advantage of the real estate crash yet to come. Your personal home he realizes may be hard to sell. (I won’t sell due to my kids’ schools.) If what he says does come true, its not hard to imagine investors fleeing the dollar worldwide as they realize that inflation will take the value away and that no US recovery is coming. This leads to more dollars being printed to refloat the artificial bubble which leads to the US not being able to sell trearuries to anyone but the fed, which uses new dollars to do so, further inflating the dollar bubble which leads to the US defaulting on our debt since our debt to GDP is so high. This is the last bubble to collapse, the US debt bubble, the worst one of the six. This also leads to the collapse of the whole life insurance industry as well as anyone else who holds the t-bills. You can imagine that, if this happens, this will lead to a world wided depression that will last for years. He does think that we wil come out with a stronger financial system but we have to go through burning our current one in order to get there. Dire stuff. I am buying gold/silver from goldsilver.com myself. I am not saying that I believe that all of this will come true. The future is notoriously hard to predice. This author predicted our current mess in early 2006 based on research from 2004/2005. My gut tells me that he is probably more correct than wrong. He does predict that the gold bubble coming up will be the biggest gold bubble in world history. goldsilver.com has some good videos on this if you are interested. you tubing “commercial real estate collapse 2010” will also get you some good info as well.
