Over 200,000 International Readers have engaged our periodic insights plus the regular curated digest of research, commentary and ideas from top global investors, economists, scientists, experts and media; focusing on Humanity's "BIG 7 Es" as they pertain to economics, investing and wealth concepts. Meshing to create an existential approach in these subjects that aims to fully embed and recognize physical and scientific constraints.
Wow! Is Jim reading our blog and list of top recommended business books?
The most important concern that Jim fails to mention is the type of war. Another conventional world war is out of the question for at least two related reasons: One, the naval supply of war materials will be curtailed dramatically in a few days by guided drones and missiles; two, there will not ironically be enough raw materials for an extended war.
So, what type of war will prevail? For the likely answer, we suggest you read "How The End Begins". A link is provided on our recommended book list
While we do not rejoice when folks start to agree with our views - there is an odd sort of comfort and affirmation that comes when their voices ring out with our past conclusions. Thanks Marc for confirming what we set out a year ago in our blog regarding the collapse of the markets by 2020. Your comments here predict a similar event in the next 5 to 15 years.
Maybe there is a reason why we call ourselves "FIRST FINANCIAL INSIGHTS" beyond this anecdotal affirming forecast provided by Marc Faber. There is more to a name - sometimes.
Marc's comments regarding pending scandals and the impeachment of OBAMA are far-fetched. That's being kind. Obviously, Mr. Faber needs to read a little Noam Chomsky to better understand the US socio-political culture. It is not in tea leaves. Moreover, if he thinks America has troubles, then Russia and China are the poster boys of bad stuff. And we mean BAD .
What are they going to do? When they come for you?
Numbers and charts in this analysis certainly support view that an economic ice age freezes the Westen economic growth. What this conventional analysis doesn't cover is the physical conditions constrainig the progress. Maybe next time.