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We're certainly headed for extreme economic contraction. That means political unrest as well. Many (really, many!) wealthy people I know or know through other
by david927 15y ago
We're certainly headed for extreme economic contraction. That means political unrest as well. Many (really, many!) wealthy people I know or know through others are preparing for civil unrest. From bankers in The City in London creating places in rural Montana to a billionaire who has built a "bunker" (his word -- although it's more a heavily-secured mansion) in Switzerland, it's definitely concerning them enough to "insure" against it.
I don't see how it can't get really ugly in the next five to ten years, including moments of martial law. The markets are set to go through the floor. My investiment advice is: cash + gold and silver coins in your matress. Seriously.
But I really don't think it will get worse than that. People get romantic and think civilization as we know it will fall apart. I don't see that happening. I do see a violent depression coming, and then after a few years, lifting.
- david927 15y agoHere's someone who says it so much better than I can: Robert Reich http://www.youtube.com/watch?v=KIxXZa5Fwzc http://www.youtube.com/watch?v=KIxXZa5Fwzc