What we’ve been talking about for a long time is getting nearer all the time, and may be quite near.
Two things, in fact: the melting down of the economies of Europe and China. Obviously the US economy cannot maintain even its current level of anemia if Europe and China crash.
And if that’s not enough to worry about, there’s another seemingly small but very scary item that could, if it turns out to be more widespread, be very dangerous to whatever money you have managed to put away. It's called MF Global.
Don’t let the ups and downs of the stock market fool you into complacency, there is a big DOWN coming, and not just to the stock market.
The world is in the process of marking everything down, as we enter the terminal phase of the current debt supercycle.
Thirty plus years of debt explosion, the final necessary outcome of the 1913 creation of the Federal Reserve, which made possible the establishment and unchecked growth of the welfare state, is all coming to an end.
The big bust could come pretty much at any time, so make plans, and be ready.
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