mkttrdr

Is This Financial Armageddon or the Greatest Buying Opportunity Since 2002?

Wow, this is a good article.

But, I think you should mention what Japan went through in 1990 and is still struggling with today. Zero% interest rates?

America and our way of life is going to forever change as a result of lender greed. There is nothing that will stop this tsunami of financial collapse which I predicted years ago.

OK, how bad is it-let's look at some facts; over populated world means supply can't cover demand-commodities prices are up!
America citizens are getting older-retired; means Selling assets and stocks to fund the non-working years-market sell off in real estate and stocks. War-let's fight for arab freedom and oil; they have 10 years of production left and have never know peace since the begining of time; oil prices up and it costs US $15B a month to fight for their freedom! AH, US debt; $12 Trillion and counting-we can't print enough soon to be worthless dollars. Negative home equity for 30% of homeowners; an empty piggy bank and retirement nest egg. Global warming; floods, drought, shifts in weather and ocean patterns. Banks: over leveraged and hiding the elusive derivitives(sic). Job production and costs of business; too high-clsoe plants and layoff the workers.
The list goes on-mankind may not!

The truth is nobody want's you to panic, but I have - because it's too late in the game.

Many Banks and people will fail and go to crime to survive;a revolt of our backward justice and political system will ensue if not nipped in the bud- until our next great depression.

I wish this would not happen, but this is the result of others greed.

Nothing lasts forever-including us. Who will survive?
Only those who plan for the worst and hope for the best.
Buy gold and get ready for MAD MAX.