The madmen who are responsible for the coming economic disaster continue to behave as if they can manage to avoid it. Violating Einstein’s definition of insanity, they continue to apply the same poison that caused the problem. These fools believe they can manage complexities they do not understand. The end is certain, only its timing is unknown, and, once interest rates begin to rise, and they will, it's game over so it begs the questions "How much longer this can possibly go on?" and "What will happen to the U.S. and the world when it does?"
Read More »Rapid Rise In Interest Rates Will Collapse U.S. Financial System – Here’s Why (+12K Views)
When interest rates go down, that spurs economic activity, and that is good for stock prices, so when interest rates start going up rapidly, that is not a good thing for the stock market at all.
Read More »Remember the Subprime Mortgage Meltdown? Well, the Subprime Auto Loan Meltdown Is Now Underway
We are living in the greatest debt bubble in world history, and there are signs that this giant bubble is now starting to burst and, when it does, the pain is going to be greater than most people would dare to imagine.
Read More »Debt Bubble Will Begin to Burst In 2017 Causing Major Stock Market Crash
We're hurdling toward a massive financial crisis, and all we have to show for it are financial asset bubbles destined to burst, and when they do, they'll wipe out the artificial wealth they've created for many decades in just a few years, as they did from late 1929 into late 1932!
Read More »When the Bubble Bursts It Will Cause Deflation & Drive Widespread Social Unrest – Here’s Why (+3K Views)
Should we be concerned when tepid economic growth and low inflation are accompanied by increasing public and private debt? Are we borrowing just to stay alive? [As I see it,] national governments will increase national debt loads in order to stay in power until one or more of them default. Then their will be financial panic which will most certainly be deflationary. Here's why.
Read More »Betting Against the Prevailing Consensus Builds Wealth – Here’s Today’s Prevailing Consensus (+2K Views)
If you want to make money long-term, you have to bet against the prevailing consensus of most financial experts. I have never seen such an overwhelming bullish consensus as there is today that the economy is going to do great, that gold is a sell, and that the stock market is going to go higher, and if you want to build speculative wealth, you have to bet against that.
Read More »China’s Debt Binge & Buying Spree Is About to Burst! (+2K Views)
When it comes to reckless money creation, China is the king. Over the past five years Chinese bank assets have been fueled by the greatest private debt binge that the world has ever seen. Unfortunately for China (and for the rest of us), there are lots of signs that the gigantic debt bubble in China is about to burst, and when that does happen the entire world is going to feel the pain. Let me explain.
Read More »The Great American Debt Downgrade Debacle That Wasn’t!
It’s been exactly two years since Standard & Poor’s did the unthinkable and downgraded the U.S. government’s debt rating...and yet, it’s as if it never happened…
Read More »When the Debt Bubble Bursts We’re Going to See Economic Chaos So Get Ready – NOW! (+7K Views)
Never before has the world faced such a serious debt crisis. Yes, in the past there have certainly been nations that have gotten into trouble with debt, but we have never had a situation where virtually all of the major powers around the globe were all drowning in debt at the same time. Right now, confidence is being shaken as debt levels skyrocket to extremely dangerous levels. Many are openly wondering how much longer this can possibly go on. [Here's my take on the situation.]
Read More »The U.S. Debt Spiral: When Will it End? More Importantly, HOW Will it End? (+3K Views)
The U.S. already has more government debt per capita than the PIIGS (Portugal, Italy, Ireland, Greece and Spain) do and it just keeps getting worse and worse thanks to both political parties. We are on the road to national financial oblivion yet most Americans don't seem to care. They don't realize that we have enjoyed the greatest prosperity we will ever see...and that when the debt bubble bursts there is going to be an immense amount of pain. That is a very painful truth, but it is better to come to grips with it now than be blindsided by it later. [Let me explain.] Words: 1140
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