![]() Since the Great Depression, there have been only two long-term bull markets in America. Do we trust in the hope that it might not pass directly over us? Do we question the severity of the storm as it’s being described to us? Should we plan to stay at home, as in a Category 1 or Category 2 storm, or should we plan to go to a local shelter as in a Category 3 or Category 4 storm? Or, do we believe we’ll be experiencing the devastation of a Category 5, in which case we’d pack our bags, wave goodbye to our home, and get as far away from the epicentre as possible? Recommended Link When we turn on the television and the weatherman says that a hurricane is approaching, we have to make a decision. This will hold true this time around as well. In examining previous depressions and the last two world wars, we can see that those countries that were the least connected to events tended to fare well. Countries in the third tier will experience a Category 3, and those countries that are either distant from or the least economically dependent upon the epicentres will experience Category 2 or even Category 1 damage. Those in Australia and Japan will experience a Category 4. ![]() Those in the US and Europe will experience the equivalent of a Category 5 hurricane. ![]() Finally, there will be those countries that are the least linked to the major centres, such as Uruguay or Thailand.Īll countries will be impacted by the coming economic hurricane, but the effects will vary. The next tier down will be those countries that are dependent on the centres, but more peripherally, such as Panama or Mexico. Next in line will be those countries, such as Japan, Australia, etc., that are the most closely linked economically with these centres. Europe and North America will be hit the hardest economically. In both the economic and warfare cases, those who are the world’s major players will believe that they’ll be able to control the extent of devastation and even profit from it, but events will go beyond their control and take on a life of their own.Īs in the image above, there will not be just one, but multiple epicentres. I believe we’re now quite close to the final destruction stage, a period that will lead to the collapse of many of the world’s formerly strongest economies, coinciding with a period of devastating warfare. I would have been quite pleased to have been incorrect, but unfortunately, my predictions have come to pass. I predicted that it would happen in stages and that the final stage would be the most devastating. ![]() In 1999, I determined that the world would experience what Doug Casey has termed a Greater Depression that would be more devastating than any economic event the world had ever seen. In addition to having spent decades planning for hurricane damage, I’ve also spent decades as an economist, planning for major economic storms. There's a much lesser-known way of investing in gold right now, which could make you 5 to 10 times more money… in a fraction of the time. (A big change in level of responsibility over the years.) Recommended Link After the storm, one of my companies took on the complete rebuilding of the country’s wholesale and retail food distribution facilities in order to ensure that the country’s population would have the most essential commodities-food and water. I was responsible for ensuring that safety be provided for scores of my employees prior to the hurricane. On the other end of the scale, in 2004, my country, the Cayman Islands, experienced a Category 5 hurricane, with winds up to 200 miles per hour that sat on us without moving for 36 hours. I was eight years old in my first hurricane and I thought it was great fun, as it was so exciting during the hurricane and, afterward, the landscape had changed so much that I had lots of new places to play. My level of responsibility in each varied quite a bit. As a West Indian, I’ve lived through quite a few hurricanes in my time.
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