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Mr.GoldBug @ 14:15 re Economists Caution: Prepare for ‘Massive Wealth Destruction’

Posted by Mr.Copper @ 14:45 on August 21, 2014  

I started reading until I got to part….

“In a recent interview to talk about his New York Times best-seller Aftershock, Wiedemer says, “The data is clear, 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation… starting in 2013.”

Then I started watching the video. The scroll bar was missing, so I could not scroll ahead. All the guy talked about was the melt down in ’08, that we all know about. Then he started talking about a book, and I had to stop again.

These clowns don’t know what the hell they are talking about. The massive wealth destruction they predict for the future, already happened between summer ’08 March ’09.

Instead of a ’29 style S/M crash, and money lost in uninsured bank accounts, the losses were in uninsured real estate values. I made all the correct predictions long ago on G-E forum…

But my name is not Trump or Fabor, or Shiff or Wiedemer. A major reversal of the past is intact, and the US and global economy is in “TRANSITION”.

And you can take that to the bank.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.