Whether you are an investor, concerned citizen or merely someone trying to understand the current economic situation, you should be worried. Watch this video to get an outstanding overview of what is occurring. It is probably the best short explanation as to why the end of this economic death spiral is so hard to call. That is true both regarding timing and the manner in which the collapse occurs.
So writes Monty Pelerin (www.economicnoise.com) in his introduction* to a 27 minute long video by Gordon T. Long and John Rubino.
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There are several variations of Long Wave theory, but the most famous is based on the work of Nicolai Kondratieff, a Russian economist who gave the various stages seasonal names, with summer and autumn denoting the peak of financial speculation and winter the aftermath of the resulting crash. The conditions for a global catastrophic failure are in place. Snow (in the form of trillions of new dollars and euros) is falling. There’s no way to know which dollar (or which external event) will start the avalanche, but without doubt something will. [Let me expand on why I hold that view.] Words: 888 Read More »
Investors are beginning to understand that the U.S. dollar is not the safe haven they perceived it was a few years ago and concurrently, neither are U.S. Treasury notes and bonds. Given the American national debt and deficit problems, from both a fundamental and technical perspective, the U.S. greenback has the potential for considerable downside. Ergo and by axiom, gold bullion has significant upside potential to $1,500 per ounce over the short to mid-term time horizon of 1 – 2 years and $4,000 per ounce over the longer term. Words: 1104 Read More »