It would be better to keep your arrogance to yourself. Clearly you dont take the threats mentioned in this book seriously, but many won't.
quote:
David and Bob Wiedemer's first book, America's Bubble Economy, published in Oct. 06, not only correctly predicted the "Great Recession" we are in before it started, but more importantly they predicted it for the right reasons in the right order. They predicted it would begin with the deflating of the sub prime loan bubble and then spread to the housing bubble, credit bubble, stock market bubble and finally consumer spending...
Basically, the authors talk about six interlinking bubbles. 4 have already deflated, and the last two, the US Dollar and the Debt Bubble...will send the economy over the edge.
While they do talk about gold, they are not in the business of selling it. They say that they are not gold-bugs, and in fact warn that gold itself will have a bubble when it is over speculated, but wont crash for a few years.
I find no flaws in their logic. I do, however, admit that it gives me a sort of smug assurance believing that the traditional financial intelligencia is blind to this obvious development.
Personally, the easiest way to pay the bill (on the 15 trillion dollars plus that we owe) is to inflate it away, paying it back in inflated dollars. I plan on putting my money where my mouth is and investing in some stocks that are gonna survive this quagmire.