As a registered investment advisor and money manager , who followed our econometric trend model to retreat to cash last summer, I have this to say about this interview…
What a crock!
One can react to market trends, as we did, but anyone who believes that they can “predict” anything is better off looking at an astrology chart! This clip reeked with sensationalism, emotionalism, yellow journalism, and fear mongering.
Fear and Greed do indeed “sell” and the financial press is more sensationalized than I have ever seen it in the last 35 years. Hitting on readers/listeners emotions is grand entertainment indeed.
In fact, one has to ask, are we near or at “irrational gloom”??
No, the sky is not going to fall. However, a more realistic scenario is to say that we will have a sluggish economy with relative high unemployment in the 7 to 9% area systemically for another decade.
Obama’s policies are NOT good, and he will hinder recovery more than help it. The big surprise for 2012, will be a situation where we are doing a little better then we are now by a bit, not because of Obama, but IN SPITE OF HIM!
Of course Obama will claim this slight improvement unto his “genius”. Roosevelt did the same thing in 1936. The economy was recovering not because of Roosevelt, but because of the mechanism of the free market. But full credit went to Roosevelt in spite of his interference.
Bill…………Also remember that FDR was as corrupt as Lincoln, trying to stack the deck with more Supreme Court Justices, and working closely with the Criminal “Churchill” to bring America into WAR against it’s will. He also threatened to “Pull” the existing American currency, replacing it with “Red” Currency if the elites did NOT put their money into circulation.
The “AMERO” sits on the launching pad now, waiting for the new “False Flag Scenario” to surface?
How conveniant for the “Federal Reserve Note” incorrectly refered to as the “American Dollar”?
Weaver………….I wonder, is there anything that we can not produce if production returns to America? And ofcourse prices will go up as Americans like to get paid a fair wage. Our manufacturing base must come back, as we reduce the size of the Military Industrial Complex as a manufacturer.(Surely the world needs something other than weapons?) And who will fill those seats to watch “Multimillionare Gladiators”?….Socialized Medicine is now a soon-to-be-reality with “Health Care Barons” having to liquidate a condo or two?
History shows that it always funnels down to eventual World War. Every nation will combat the failed “Global Economy” with Nationalism that spreads like a wildfire, while the International Bankers who produce nothing hide in the bushes and play both sides to maximize profits.(Any word on an English translation of Solzenitzen’s last book “200 Years”?)
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity in the name of funding, is but swindling futurity on a large scale.