enviro111

Stephen Leeb's 'Game Over': Good Advice for Tough Times

You should take all stock picks with a grain of salt. No one knows the future. If leeb's future is true, it is likely that virtually all stocks will be bad investments. The economy and potential collapse is a dynamic process - not an incremental process. the process of building the economy of the last 150 years has been incremental with some burst due to technology and the growing use of ever cheaper and cleaner energy. If one of these factor ends (i.e., Peak Oil) then all bets are off. A collapse in one area will lead to problems in other areas. Most of the problems will be unforseen.

Take the windmill example - its not just the steel. Without cheap transportation

how will workers, equipment and supplies EFFICIENTLY get to the the sites where they are needed?

will transmission be available?

how about timely maintenance and repair? can it be done?

who will buy the power if they are unemployed?

who will finance the power if it not needed and the development costs keep rising?

how about social unrest and even war over scarce and more expensive basic resources?

Is the government going to just sit and be quiet or cause lots of new problems?