Jordan Kahn, CFA is the President and CIO of KAM Advisors, in Beverly Hills, CA. He is a frequent market commentator for numerous investment publications, and has appeared on CNBC and KNBC-Los Angeles. He is a regular columnist for Wall Street All-Stars and has also been featured in TheStreet.com, Real Money, Technology Investor, and Barron’s. Visit his site: In The Money (http://www.mymoneylife.blogspot.com/)
I am projecting that the US govt is near insolvent and that we will be facing a new Bretton Woods currency agreement bringing gold back into the monetary system in combination with a sudden fiat currency devaluation (across the board-most currencies) against gold over a long weekend or an outright sovereign debt panic by 2015-2016. The least expected outcome double digit inflation is very likey in the future. The Fed PRO-POVERTY policies are going to crush the poor, fixed pensioners and lower middle class since disposable income growth is limited. Beware middle class and retirees your purchasing power will drop dramatically when everyday necessities absorb a larger % of your income.
To spread the word to the brainwashed American drones that this economy is one big illusion ponzi scheme and you are infact broke.
Issuing more debt to solve a debt problem is crazy.
I am accepting nominations for those that played a major positive and major negative impact on our economy.
The Hammer Hall of Fame
The Hammer Hall of Shame
Ben MadMan Bernanke
Alan "The Maestro" Greenspan
Paul king Krugman
Todd Woodside is the founder, owner, and webmaster for www.RetailInvestor.US, a do-it-yourself investing resource for individual investors. Todd has been investing in stocks, etfs, and mutual funds for over 16 years, and he is passionate about sharing his insights with other retail investors. Todd believes that DIY investing and managing your own retirement portfolio are the keys to achieving financial independence.