I remember
saying a year or two ago that it was the perfect time to buy because the stock
market will never be this low again.
Well I believe now that I was wrong.
With what they are calling ‘the credit crisis’ and it effecting ever
country out there I believe the United States is in for another ‘Great
Depression’.
So I am
going to recommend that over the next couple months to simply get out of the
stock market. Unless you wish to play
the down turn in the stock market. There
are a few different ways you can play the upcoming bear market.
One way to
play it would be to bet against the US dollar.
The Euro will be worthless at some point so betting against the Euro is
another way to play. Gold will continue
to rise, so an investment there is always a good play. I see the price of gold somewhere around
$2,800 an ounce over the next couple years.
Put options
will be another way to make money during this bear market. And there are some ETF’s that can be
productive with a weak dollar. But when
it bottoms out it will be a great time to buy.
Why am I so
bearish on the stock market and why am I calling for another ‘Great Depression’? Well just look closely at everything going on
around us. Interest rates have not gone
anywhere for years. This is not a good
thing, it will create uncontrollable hyperinflation and that will in turn affect
our economy in a negative way.
The actual unemployment
rate is more like 15%, while our government tells us it is only 8.2%. We keep printing money like we own all the
gold in the world. Greece has defaulted
on their debt twice; Spain and Italy are close behind. And in a couple years the United States will
be right with them unless we change things drastically soon, and I do not see
that happening.
The United
States is no longer the leader of the human race, and our empire is falling
fast. Prepare yourself and do not get
caught in the headlights of the speeding truck headed right for us. Because it is coming!
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