Doug Casey on the Coming Economic Meltdown

Casey covers Yugoslavia, Zimbabwe. Argentina, and the U.S. economy. He made some interesting points about several parallels with regards to the world economy and the American reserve currency. For those who are interested and can view the short video enjoy...err in a doom porn sort of way.


www.activistpost.com...

"America, is a marvelous idea, a unique idea, fantastic idea, I'm extremely pro-American. But America has ceased to exist," declares Doug Casey, an economist and author of his most recent book, Right on the Money. He has also produced a new documentary called Meltdown America which predicts the economic and political unraveling of the U.S.

Oh look, he wrote a book! COINCIDENCE?

Sorry, could not resist. But I guess he goes for "all marketing is good marketing".

The economic meltdown is delayed, it was foretold so often that there are no possible and reliable dates available.. Just about every person who wants the government to end, will tell us about some meltdown, which is inevitable and really, really close at hand.
In reality this won't happen (at least - not so soon). Yes, it happened before. No, those times were very much different.

originally posted by: ManFromEurope
Oh look, he wrote a book! COINCIDENCE?

Sorry, could not resist. But I guess he goes for "all marketing is good marketing".

The economic meltdown is delayed, it was foretold so often that there are no possible and reliable dates available.. Just about every person who wants the government to end, will tell us about some meltdown, which is inevitable and really, really close at hand.
In reality this won't happen (at least - not so soon). Yes, it happened before. No, those times were very much different.

Any time you give value to something that is worthless, it's bound to fail sooner or later. Like giving value to ink on rice paper. Someone colors a few things on a piece of paper and suddenly it's worth stuff, that isn't how value works.

The problem is that more money is merely created from nothing, backed by nothing of any value. So yes, it is indeed doomed to fail. When? I couldn't tell you.