[(former)FormerSanDiegan]

[quote=Aecetia]
I also found this prediction that is a bit negative, but worth looking at, but I hope he is wrong about the terror attack:

Gerald Celente predicted a crash in 2010. According to Celente, last year’s economic collapse never hit bottom because government bailouts kept things propped up. To make matters worse this year, there will be a collapse in the commercial real estate market, he continued. Celente anticipates a 9/11 level terrorist attack that banks will use as an excuse to devalue our currency. He suggested people refrain from debt spending, keep some cash on hand, and buy local (American made) products when possible.
Gerald Celente has a knack for getting the zeitgeist right.— USA Today
http://www.trendsresearch.com/
[/quote]

But, if the currency is devalued, wouldn’t debt be effectively reduced in his scenario. If one believed this scenario why wouldn;t he recommend using debt to buy hard assets?

That way, when the currency is devalued, you still have the hard assets (gold, ammo, shelter, land, etc), but the debt (which is based in a specific currency) is also devalued.

Not that I recommend that strategy, since I don;t believe the prediction is likely to come true over the course of 2010.

[(former)FormerSanDiegan]

[quote=Aecetia]
I also found this prediction that is a bit negative, but worth looking at, but I hope he is wrong about the terror attack:

Gerald Celente predicted a crash in 2010. According to Celente, last year’s economic collapse never hit bottom because government bailouts kept things propped up. To make matters worse this year, there will be a collapse in the commercial real estate market, he continued. Celente anticipates a 9/11 level terrorist attack that banks will use as an excuse to devalue our currency. He suggested people refrain from debt spending, keep some cash on hand, and buy local (American made) products when possible.
Gerald Celente has a knack for getting the zeitgeist right.— USA Today
http://www.trendsresearch.com/
[/quote]

But, if the currency is devalued, wouldn’t debt be effectively reduced in his scenario. If one believed this scenario why wouldn;t he recommend using debt to buy hard assets?

That way, when the currency is devalued, you still have the hard assets (gold, ammo, shelter, land, etc), but the debt (which is based in a specific currency) is also devalued.

Not that I recommend that strategy, since I don;t believe the prediction is likely to come true over the course of 2010.

[(former)FormerSanDiegan]

… until just recently (I think we are currently at or near the highest unemployment rate of the early 1980’s)

[(former)FormerSanDiegan]

… until just recently (I think we are currently at or near the highest unemployment rate of the early 1980’s)

[(former)FormerSanDiegan]

… until just recently (I think we are currently at or near the highest unemployment rate of the early 1980’s)

[(former)FormerSanDiegan]

… until just recently (I think we are currently at or near the highest unemployment rate of the early 1980’s)

[(former)FormerSanDiegan]

… until just recently (I think we are currently at or near the highest unemployment rate of the early 1980’s)

[(former)FormerSanDiegan]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think… [/quote]

This was widely believed prior to the experience of the late 1970’s through 1982. The worst period of post-war inflation in the United States occurred during a period with the highest post-war unemployment rate.

[(former)FormerSanDiegan]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think… [/quote]

This was widely believed prior to the experience of the late 1970’s through 1982. The worst period of post-war inflation in the United States occurred during a period with the highest post-war unemployment rate.

[(former)FormerSanDiegan]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think… [/quote]

This was widely believed prior to the experience of the late 1970’s through 1982. The worst period of post-war inflation in the United States occurred during a period with the highest post-war unemployment rate.

[(former)FormerSanDiegan]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think… [/quote]

This was widely believed prior to the experience of the late 1970’s through 1982. The worst period of post-war inflation in the United States occurred during a period with the highest post-war unemployment rate.

[(former)FormerSanDiegan]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think… [/quote]

This was widely believed prior to the experience of the late 1970’s through 1982. The worst period of post-war inflation in the United States occurred during a period with the highest post-war unemployment rate.

[(former)FormerSanDiegan]

We’re becoming European. It won’t be as bad as people think.

[(former)FormerSanDiegan]

We’re becoming European. It won’t be as bad as people think.

[(former)FormerSanDiegan]

We’re becoming European. It won’t be as bad as people think.

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