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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 437.23+3.8%Jan 20 4:00 PM EST

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To: KyrosL who wrote (93401)8/13/2012 8:33:43 AM
From: carranza2  Read Replies (2) of 219578
 
Yes, but you are focusing on an issue that's more than a decade in the making.

Hendry is a visionary, but what he sees is dark, namely, a hyper deflationary event within a few years that will give the astute investor to buy at levels not seen since 1982. That's bullish? Maybe, but first we must go through some seriously bad times during which the challenge will be to survive intact so as to be able to benefit from low valuations. We're talking Jay's re-set.

The combination of China, Japan and Europe crashing at more or less the sometime means global implosions. The US cannot be immune from this and cannot single-handedly do anything to prevent it.

The news from Japan and China suggests that the process has started. Europe? No need to discuss, it's a mess.

Summer is almost over! Back to reality.

The one thing that heartens me is Romney's running mate. There will - finally - be a serious discussion of fiscal matters. Obama is incompetent in this respect. It appears that Ron Paul has had some influence, thankfully. Problem is that Obama's base is heavy with slackers, socialists, leeches and the great middle which is ignorant and, yes, greedy for undeserved handouts. He may well prevail, in which case we can expect that Hendry's dark vision might be actually not as bad as the reality.
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