Scott Benson

In Light of Peak Oil, Financial Diversification Is a Bad Idea

If you're a peak oil person, as am I, you must realize that China and India and SE Asia are not going to ascend to world prominence via their impressive industrialization. Superexpensive oil means their industrialization stops cold very soon. Europe is going to fall apart as well due to peak oil, so the Euro is now under attack. I"ll go along with the precious metals for inflationary reasons, but it sure looks like the dollar stands to climb back up -- other currencies will be under so much stress.