Monday, August 3, 2015

Why a Major U.S. Collapse is Coming

Brilliant commentary from Doug Casey:

Real estate is over priced everywhere.
It's going to be much worse than the `1930s.
With these stupid governments printing trillions and trillions of new currency units. It's building up to a catastrophe of historic proportions.
 I wouldn't keep significant capital in banks, most of the banks in the world are bankrupt.

As any institution gets larger and older it inevitably becomes corrupt and fails.
 The average person is brain dead. Look at the Greeks who left their money in banks as all the signs were on the wall. 



  1. Doug Casey has been peddling the "end of life as we know it" for decades now. Perhaps eventually he will be correct, but since he can't tell us when it will happen what's the point of endlessly repeating the same message, especially when you believe people are too stupid to get it?

    Regarding getting our money out of the hands of the Banksters, exactly what are we supposed to do with it after that? I guess we could hide it in a mattress or something right?

    We are NOT Greece. We are headed in that direction but who knows how long it will take to get there. Unlike Greece, we print the worlds reserve currency and we still have a productive economy. That does matter. Remember what Adam Smith said, "There is a great deal of ruin in a nation".

    1. Couldn't agree more. RW's words are suffering from inflation when he describes this as "Brilliant." A term which would better apply to Murray Rothbard's newly discovered paper noted just previous to this story.

  2. So the average american tries to keep his money safe overseas and then meanders through the reporting and tax complexity of simple bank account in another first world country only to have the IRS take everything he owns and then some because somewhere there was an error on some form or some form wasn't filed or didn't make it to the right place at the right time. Even above average americans have lost considerable sums of money this way. The average american can do only one thing, spend it all. Crack up boom.