Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement, and financial systems, each of which is a complete mess. Words: 845
By (author) Laurence J. Kotlikoff, Scott Burns
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The U.S. debt crisis represents a unique, unparalleled, and unimaginable convergence of circumstances yet, despite the utter gravity of our plight, nothing is being done to change our course. Washington must either muster the courage — and the support of the people — to accept the pain and make the sacrifices of a lifetime … or face the downfall of America. Words: 901
By (author) Martin D. Weiss
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Absolutely every currency in the world is going to reach its intrinsic value in the next few years. Basically all the governments are going to wind up destroying their national currencies. That won’t be just an academic thing; it will have the consequence of destroying a lot of the middle classes around the world. That will likely create ugly political and sociological fallout. Words: 3299
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Filed under Doom and Gloom, Economy · Tagged with agricultural commodities, financial chaos, financial storm, gold, gold bullion, gold mining stocks, Greater Depression, higher inflation, higher interest rates, precious metals, silver
The U.S. economy is in an intensifying inflationary recession that eventually will evolve into a hyperinflationary great depression… [at which time] a $100 bill in the United States will become worth more as functional toilet paper/tissue than as currency. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, and gross mismanagement. The article is long but well worth the read. Words: 3565
By (author) Sean Brodrick
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Filed under Doom and Gloom, Inflation/Deflation · Tagged with Armageddon, CPI, deflation, depression, Federal Reserve, gold, gold standard, great depresion, hyperinflation, inflation, recession, U.S. dollar, U.S. government, U.S. Treasuries
Most investors didn’t take warnings about the future of the economy and the financial marketplace – warnings that a ‘Category 6 Fiscal Storm’, a ‘Debt-Driven Meltdown’, a ‘Systemic Banking Crisis’, a ‘Financial Train Wreck’, a ‘God-Awful Fiscal Storm’, etc. was in store for the U.S. – seriously until it began. Perhaps this time around, before the other shoe drops, we should become more informed so we will be better positioned to survive and prosper regardless of what comes next. Words: 2128
By (author) Harry (Author); Dent
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Filed under Asset Allocation, Doom and Gloom, Economy, Investing · Tagged with bonds, Chicken Little, commodities, Crash of ’08, Credit Crisis, Debt-Driven Meltdown’, deflation, demographics, depression, Dire Predictions, doom and gloomer, Dow 30, Fiscal Hurricane, Fiscal Storm, gold, house prices, inflation, interest rates, Nasdaq, oil, Ominous Warnings, perma-bear, precious metals, stimulus plan, stock market, Systemic Banking Crisis’, U.S. dollar, unemployment
Investors have a short memory, in 1995, the DJIA was around 4000. Today our economy, it could be argued, is actually weaker than it was back then. Words: 427
By (author) Harry S. Dent
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In my study of the USD situation and how much time it has left I have come to the conclusion that we have two more years of relative USD functionality before the world realizes that the USD is just about to really go belly up. It’s not 5 years out anymore in my calculations, we have roughly two more years left – and, yes, that coincides with that fateful date all the prophecies are going crazy about – 2012! Words: 760
By (author) Peter D. Schiff, John Downes
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Robust economies utilize all spare capacity, or restructure it for better use. Having 17% of our able-bodied population sitting at home or working part-time at Cinnabon indicates that our present policies are weakening the economy — even if GDP is growing. There is no “jobless recovery,” only senseless cheerleading. Words: 699
By (author) Peter D. Schiff, John Downes
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