Crap. Just like all the rest of these nutty predictions we have heard for the past 30 years. Yeah, sell your stocks. I'll be buying when the prices go down.
Stupid.
Crap. Just like all the rest of these nutty predictions we have heard for the past 30 years. Yeah, sell your stocks. I'll be buying when the prices go down.
Stupid.
You guys can call all the names you want. Answer this question. How long can this country afford to import 2.6 billion dollars of goods per day. That is 2.6 billion of our wealth leaving the country each day. Roach did not make that number up. Think about that. The ability to control inflation once it takes hold becomes more and more difficult. This time, with 35 to 40 trillion in long term obligations it may be time to consider at least a position of protection. I do not believe it will reach 1929 proportions, but it will exceed the 1987 downturn. I do not care to have 1/2 of my savings and retirement be diluted by the erosive effects of inflation. I will never convince those of you who summarily dismiss those prognostications as nothing, but for those of you who have not shut the door, please try to reason this thing out for yourselves. Do not take my word for it. Look at it logically. Above all protect yourselves from this wave of debt that is rolling over on all of us.