osoab
19th May 2012, 03:34 AM
Good interview. Highlights that I remember.
Diversify out of the states. The people that didn't diversify out of 1917 Russian and 1930's Germany were in for a world of hurt.
Buy Gold. He quoted Aristotle here. Closest thing I could find for reference. Aristotle's Money Criteria Support Gold, Precious Metals (http://seekingalpha.com/article/295877-aristotle-s-money-criteria-support-gold-precious-metals)
Bearish on real estate due to all being funded by debt.
In the end things will get better, look at Germany and Japan now vs after the war.
http://www.youtube.com/watch?v=G7eMlzfWTcc
http://www.youtube.com/watch?v=G7eMlzfWTcc
Diversify out of the states. The people that didn't diversify out of 1917 Russian and 1930's Germany were in for a world of hurt.
Buy Gold. He quoted Aristotle here. Closest thing I could find for reference. Aristotle's Money Criteria Support Gold, Precious Metals (http://seekingalpha.com/article/295877-aristotle-s-money-criteria-support-gold-precious-metals)
Bearish on real estate due to all being funded by debt.
In the end things will get better, look at Germany and Japan now vs after the war.
http://www.youtube.com/watch?v=G7eMlzfWTcc
http://www.youtube.com/watch?v=G7eMlzfWTcc