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Celente Predicts Super Depression in 2012
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<blockquote data-quote="backhoeboogie" data-source="post: 673053" data-attributes="member: 3162"><p>I don't see how the current administration can keep from printing a lot of money, based on the gross spending. - Or how we can keep from hitting really high inflation rates. The retired folks and those on fixed incomes are likely scared to death. Especially those who remember the late 70's and early 80's. </p><p></p><p>Protecting your capital would involve investing it in something like the stock market but no one I know is investing much right now. I have bought some land this year and will buy more each time I am in the right place at the right time. My 401K has been in interest bearing accounts for nearly 2 years now and double digit inflation will decrease its value significantly. Luckily it was rolled out of stocks before the decline.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 673053, member: 3162"] I don't see how the current administration can keep from printing a lot of money, based on the gross spending. - Or how we can keep from hitting really high inflation rates. The retired folks and those on fixed incomes are likely scared to death. Especially those who remember the late 70's and early 80's. Protecting your capital would involve investing it in something like the stock market but no one I know is investing much right now. I have bought some land this year and will buy more each time I am in the right place at the right time. My 401K has been in interest bearing accounts for nearly 2 years now and double digit inflation will decrease its value significantly. Luckily it was rolled out of stocks before the decline. [/QUOTE]
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Celente Predicts Super Depression in 2012
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