Friday, July 8, 2011

The endless depression.

If anyone can explain to me how this doesn't happen, I want to know.
This is not the retirement plan I had in mind.

Get that operation you have been putting off, put in a food garden.
Learn how to grow food and sterilize water.

I think it began yesterday. It will start rolling slowly while
everyone tries to prevent it. Then it will happen, basically
overnight.

Greece will default. Portugal. Ireland will tell the EU to sod off.
The crash will come when Spain fails. Italy, France and GB will go
immediately after that. All of Eastern Europe except Russia - because
people there are still growing turnips. The Australian stock market
will tank. Belgium will fall off.

Precious metals will be dumped on the market as people scramble to
maintain at least some liquidity. Most won't be able to. The ones
who do will have nothing to buy. Real estate and imaginary investments
will be marked-to-market. Credit Default Swaps will be valueless.

Do not be surprised to see the DOW under 4,000, gold at $300-400 and
silver around $8. Within two years.

No comments:

Post a Comment

Say what you think. But think first.