Doug Casey on the Year the World Falls Apart
Justin’s note: It’s “Totally Incorrect” week here at Casey Research…
We’ve shared Doug Casey’s uncensored insights – on topics ranging from the climate change hoax to the next 9/11-type event.
But today’s essay may be the most controversial one yet…
Doug says a disaster of historic proportions is on the menu for 2019.
And it’s critical to understand what’s happening.
Read on for four specific predictions about what lies ahead. Some of these predictions may seem outlandish… but you owe it to yourself to hear what he has to say…
By Doug Casey, founder, Casey Research
Prediction 1: The End of Retirement
The average American can forget about retirement. We’ve all heard these stories about how the average American couldn’t lay his hands on $1,000 to save his life. His expenses aren’t going away, however, even if his income does.
It seems like things have reached a critical mass. And if the economy slows down there are going to be a lot of people losing their homes again. They’ll be unable to pay their credit card bills, their car payments, their student loans, or anything else. They aren’t going to be able to buy anything. They wound up in breadlines in the ’30s. But today 40 million Americans have SNAP cards to take away the hunger pains and embarrassment of being penniless. There could be 100 million in a few years.
I know this sounds outrageous because right now everything is running fairly smoothly. The standard of living of the average middle-class American has degraded slowly over decades but hasn’t yet totally collapsed. But that’s the way it is a day before a volcano explodes, or a day before an earthquake, or minutes before an avalanche starts coming down.
…click on the above link to read the rest of the article…
