Multiple bubbles papered over with fake money. What could go wrong?
Widen your financial portfolio to include gold and other precious metals, the sh*t is going to hit the fan, and big time. Just saying.
Guest Post: Demography + Debt = Doom
Originally posted at Gerold’s blog,
A ‘Perfect Storm’ of demography and debt will economically and financially doom almost every country on earth. It will be TEOTWAWKI – ‘The End Of The World As We Know It’.
No, it’s not the end of life or even the end of civilization. However, when it’s all over, nothing will ever be the same and that includes the disappearance of much of the middle class.
On the other hand, as Jesse of ‘Le Cafe Americain’ writes “there is nothing we are facing or are likely to face, outside of an all out nuclear war, that was not faced by our fathers and grandfathers who faced two World Wars and a Great Depression in between.” Although nuclear war is highly unlikely, the alternatives are not very enticing prospects.
First, the good news. The storm won’t last forever. In fact, it may end sooner than many think. And, when it’s finished, life for many may be better than today’s slow economic strangulation, at least for those who stop self-medicating with their boob-tubes, Tweets, iGadgets and self-aggrandizing social media long enough to pay some serious attention and try to understand what’s happening.
The bad news is there will be much more pain before it ends unless you make an effort to understand what’s happening and why. Only then will you know how to protect yourself and loved ones from the storm. Otherwise, you risk becoming just another poor, nameless statistic. That would be both tragic and unnecessary because you can do things to prepare and avoid the worst of it. Keep reading. This is a long article, but what’s your life worth?