The Coming Collapse


I recently received a “paid for” advert email, which I found interesting and worth the long listen. Although the advert finally tries to sell you something (otherwise what would be the point), the points made along the way in a surprisingly low key fashion interested me.

The speaker predicts the end of the dollar as a global reserve currency, social chaos in the USA, massive inflation, and a fundamental realignment of the world economic system, within months.  I largely agree with his predictions. Way back in mid year 2010 I predicted 20% inflation within a year in the US. Those few who responded did not agree. So here is another opinion on the issue.

You will need loudspeakers or headphones and a reasonable bandwidth to listen to the presentation. Let me know what you think.

http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC27/PR

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  1. #1 by aninnymouse on December 10, 2010 - 10:39 pm

    Now, if that isn’t an interesting co-incidence. I’ve just finished doing writing an article about currency wars and included a video. Have a look at the video. You don’t have to read what I have written. It’s the first video, not the second. The second one wouldn’t agree with Libertarian principles. 🙂

    http://hubpages.com/hub/Currency-Wars-Killing-dollar

    • #2 by Trevor Watkins on December 11, 2010 - 10:23 am

      I always find coincidences interesting, because I suspect that most coincidences are meaningful. In this case, a worldwide concern about the US dollar and currencies lead both of us to similar articles simultaneously.
      I am fascinated that the video represented in images precisely what the Stansberry article alluded to – but then it was produced by the National Inflation Association, also alluded to in the same report.

      In your article you seem to imply that inflation and devaluation of the dollar may be good things. They may be good for the government in the short term, but they are disastrous for the citizens and economy in the long term. If this was not the case, Zimbabwe would be a beacon of light on the African continent, instead of the disaster it actually is.

  2. #3 by aninnymouse on December 11, 2010 - 7:56 pm

    Ooops.

    Trevor, I’m writing from a certain perspective – the average home price in California costing about 20 times the annual salary of a person. In that case, deflation is good. Very few people can afford that kind of price without going into extreme debt.

    I didn’t make that clear. Will fix up the article. 🙂 Thanks for pointing it out.

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