RUN FOR THE HILLS! Top financial adviser sees imminent collapse of U.S. civilization - U.s. - Catholic Online
I believe that this analyst is overstating his case... but I do think that we are in for an economic crisis in the immediate future. The massive influx of cash into the money supply since the US Reserve Bank started pumping it into the economy in the wake of the banking collapse will inevitably set off an inflationary spiral similar to what we witnessed in the late 1960's through to the late 80's. Add to this the MASSIVE debts that governments have accumulated during the past decade which, once interest rates start climbing (and they will as soon as the American economy comes to life) and we have a recipe for a fiscal and monetary crisis which governments will be unable to deal with.
So while I don't think it's time to 'head for the hills', it is a time to very careful with one's investments... assuming that you have any after the economic storms of the past number of years!
RUN FOR THE HILLS! Top financial adviser sees imminent collapse of U.S. civilization - U.s. - Catholic Online
RUN FOR THE HILLS! Top financial adviser sees imminent collapse of U.S. civilization - U.s. - Catholic Online
A different take on the deficit question.
ReplyDeletehttp://www.nytimes.com/2013/12/30/opinion/krugman-fiscal-fever-breaks.html?src=recg
Deficits are bad and must be dealt with, but after the economy has recovered. And when the economy has recovered one pays down the deficit, and taxes are not cut till the deficit is under control.
I fear the deficit hawks in the US are just using it as a way to go after Social Security and Medicare in the U.S.,