Jordan Kahn, CFA is the CIO of HCR Wealth Advisors in Los Angeles, 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 2020-2025. The least expected outcome double digit inflation is very likely sometime 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. Inductees: The Hammer Hall of Fame Bill Black Brooksley Born David Walker Ron Paul Robert Rodriguez Peter Schiff David Stockman Janet Tavakoli John Bogle Elizabeth Warren Steve Wynn ============================== The Hammer Hall of Shame Ben MadMan Bernanke Lloyd Blankfein Bush II Jamie Diamond Shaun Donovan Barney Fwank Dick Fuld Alan "The Maestro" Greenspan Tim Geithner Paul king Krugman David Lereah Angelo Mozillo Obama The NAHB The NAR Henry Paulsen Nancy Pelosi Charles Prince Franklin Raines Robert Rubin David Stephens Larry Summers Bob Toll Maxine Waters Lawrence Yun
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.