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Monday, August 05, 2002

 

ALL THE SIGNS INDICATE A MAJOR ECONOMIC DEPRESSION

I'm sorry but I woke up this morning and just analyzed all of the fragments of what is going on and came up with the conclusion cited in the title. CAUSE: Too much debt, public and private AND ALL OF THE ECONOMIC AND MONETARY DISLOCATIONS that come with it. The chickens are coming home to roost--worldwide. This is no "double dip" recession. But this doesn't cause me any concern. Why? Because a depression will cause a major reallocation of wealth and if one is situated to handle it, fortunes have been made and will be made--in the flash of a blink or is it the blink of an eye. CASH IS KING--too bad I don't have any. Why? Because assets will be for sale at pennies on the dollar. Also, as the government implodes, it will create tremendous possibilities for FREEDOM. It appears this kind of crash--which occurs throughout history--is necessary to get rid of a lot of the complexities that are created over the years. This will include getting rid of the debt loads. Renunciation of the public debt is almost a certainty, as I predicted would happen in my Book. This is a process and it doesn't happen overnight but we are on an unstoppable slide. I am certain that computers and the internet have created this situation but I can't figure out how they have done it. Well, that is my opinion.

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