MONEYWISE STAFF REPORTS
And if you live in the United States, Casey believes this bankruptcy will affect you in a major way.
But why should you listen to what he has to say?
Since the late 1970s Casey has been making eerily accurate predictions about finance and politics. Including the savings and loan bust, the meteoric rise of stocks, and the demise of gold in the 1980s.
He’s one of the few analysts who predicted the “dot-com” bust of the late 1990s. And in 2005 he warned Americans of the major bubble forming in real estate.
And just earlier this year, he was one of only a few people who correctly predicted that Donald Trump would win the election.
“Yes, [Donald Trump] says a lot of stupid things… but all of these people say incredibly stupid things. I’m putting my money on Trump for winning the election. Not my ideal choice, but by far the best choice that we have.”
—Doug Casey, April 21, 2016
Now Casey is issuing a new warning about a major American institution on the verge of Bankruptcy.
According to Casey, this will have major repercussions on everything from how and where you shop and seek medical care… to where you live and work… even to how you invest and receive fixed income benefits like Social Security.
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge.
It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
And it’s not just Casey. Billionaire Jeremy Grantham, co-founder and chief investment strategist of a Boston-based firm Grantham, Mayo & Van Otterloo, with $117 billion in assets under management says coming events will be “very different” than anything America has seen before.
Other billionaires and hedge fund managers—like David Einhorn, Paul Singer, Li-Ka Shing, Stanley Drukenmiller, and George Soros—have all been taking steps to prepare. Moving a substantial amount of money into gold.
Mr. Casey’s firm, Casey Research has issued a survival blueprint for all of their subscribers. This blueprint contains the same specific steps he, and members of his firm are taking to prepare themselves and their families for the coming storm.
I strongly encourage you to take a look at their work for yourself.
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