Henry S. Dent has a pretty good track record of foretelling what will happen. Nobody can predict when it will happen just what is going to happen and so far, the next crash is taking longer because of Fed stimulus.
He recommends get out of stocks, commodities and get into cash and U.S Treasuries. He is not a gold bug though. He thinks it is a commodity and will get pull down with all other commodities.
Great video of economist John Mauldin talk about where America is going with all this debt being created in the name of economic recovery. John Mauldin has been a guest on Yahoo Finance, Reuters and other financial news network before discussing his views on the U.S and other economies.
After watching this video or his presentation you will see just how grave the economic situation is in the United States.
China and Japan (2nd and 3rd largest economies) will now start to trade amongst themselves using Yen and Yuan and not the U.S dollar.
The is a big hit to the United States dollar, because it currently is the world’s reserve currency, however because America is in so much debt and America keeps printing more money out of thing air, the U.S dollar value is being driven down.
Many economic analyst out there are warning that the Canadian housing market is overvalued and flooded with supply. While the U.S housing market crashed in 2007 and still have not recovered, Canada during that time has boomed.
However, Canada is not completely immune to global slowdowns. If anything we are in a delayed cycle, Canadians now have record high debt levels and are buying houses driving prices higher on cheap mortgages. This behavior in somewhat like what happen to American’s except we are a few years behind.
What Jim Rogers is predicting for year 2012 doesn’t seem to be very good for the U.S. All real data and signs point to some very bad things happening, but if you listen to mainstream media or the fantasy / illusion (propaganda) that is pushed to people everything is O.K.
Only time will tell, I personally think the first 3 months of the new year 2012, will set the tone.
This video was uploaded by NDTV on Dec.22, 2011
Looking at M2, the Federal Reserve is printing more in secret and injecting it in the stock markets, keeping it inflated…preventing it from collapsing, but it will happen.
The main stream media always use the word “recovery” very lightly and liberally even though the truth of the matter with the U.S and world economy is that things are getting worse. This is the way the media lie to people to get them to keep spending. The worlds debt keeps increasing at the fastest rate in history and people all around the world are suffering, because of stupid bets made by both banks and governments.
A long while back Meredith Whitney a financial analyst said that in the coming future there will be a string of municipalities in the United States that will run out of money and become bankrupt. She was laughed at by a lot of Wall Street pundits, but she was right all along because in the end she looked at the hard numbers and the numbers (data) never lie. America as a country is running out of money fast.
Although American Airlines says that they will continue to operate during their bankruptcy, they will most likely need to reduce the number of employees. The reason why they are going bankrupt is because they cannot service their huge debt of about 28 billion, and it add insult to injury the employee pensions of the American Airlines employees might be affected.
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