
Uh Oh.
(Originally printed on 12-10-2007. Uncannily good predictions and recommendations. I stand by all of them)
Executive Summary:
- The credit bubble collapse is just getting started.
- Odds of a major systemic financial crisis now higher than ever.
- Dollar collapse is underway.
- Your opportunities to protect your assets are dwindling fast.
In an effort to be positive, I'm willing to offer that I consider George W. Bush to be the 43rd best president in our nation’s history. Further, I think it may take another 43 presidents to best his record of fiscal irresponsibility.
The Great Credit Bubble, for which you can thank Alan Greenspan, is now in the process of bursting. While the US media implacably attempts to assure everyone that it is well contained or almost over, nothing could be further from the truth. As one financial commentator recently put it, "the good news is that the subprime crisis has been contained...to the planet earth."
The odds of a major systemic financial collapse are now higher than ever.

