Not many people listening to this - I have made BIG bets that he is right Feb 2012, I see March 2012 as the likely turning point down into the deflationary depression. There is a lot of doom & gloom atm, and I try not to be too pessimistic, but I have looked at a lot of material and beleive we are at the turnining point.
Government debt will be a massive bubble. The subprime real estate is maybe $1 trillion; the remaining real estate is maybe $2 trillion; commercial real estate is maybe $3 trillion; but the government debt is already $11 trillion (and $54 trillion in unfounded liabilities). plus underfunded pensions, bailout for the FDIC to cover all the bank failures, etc. The worst is still ahead.
Not many people listening to this - I have made BIG bets that he is right Feb 2012, I see March 2012 as the likely turning point down into the deflationary depression. There is a lot of doom & gloom atm, and I try not to be too pessimistic, but I have looked at a lot of material and beleive we are at the turnining point.
slburg123 1 week ago
Government debt will be a massive bubble. The subprime real estate is maybe $1 trillion; the remaining real estate is maybe $2 trillion; commercial real estate is maybe $3 trillion; but the government debt is already $11 trillion (and $54 trillion in unfounded liabilities). plus underfunded pensions, bailout for the FDIC to cover all the bank failures, etc. The worst is still ahead.
herbs814 2 years ago