How to Choose an Economic Prophet

Track Record: Basically, what I've spent the last year (5 hours a day) doing is going back and looking at individual track records for predicting economic trends. The best macro-economic prophets are: Schiff, Celente, Rogers, Faber, Ron Paul and a couple of other lesser known names. It's also prudent to listen to economists and heads of State outside of the US, since their observations are not swayed by US public opinion and reaction. [Listen to a dozen or more, and take the consensus of what they predict.] Schiff and Celente are at the top in my book. Short term rises and dips are anyone's guess, and most people get it wrong, so we can't depend on those predictions. But if Schiff says stocks will crater, then you need to listen. DO NOT listen to Jim Cramer. Everything that he knows about the Stock Market only works in a 90's economy. Since we are in uncharted territory, its best to listen to people who understand the macro-economic situation, and make long term moves based on their outlook.


Peter Schiff: Hyperinflation Risk High, Stocks Will Crater - Print this one and stick it on your refrigerator. We can't have people claiming they weren't warned.

L.A. ranks near bottom among big cities for finding a job, website says - How fitting. All counties and the State went to Obama.

The Next Crisis in the Making - "... if governments keep throwing trillions down these rat holes, we’ll end up with a financial and economic catastrophe much larger than the current one."

FDIC Sees Ag Banks as Next Crisis - Farmers will have a much harder time get credit necessary to run a farm. That means less food available. Plant a garden, learn to can, and stock up.

Stock Market Still a Chump's Game
Bernanke Says US Economy on Cusp of Recovery. - What he says means NOTHING. If you look back over his history, he always says things are going to get better, and utterly failed to predict this crisis in the first place.Don't read the article. Watch the videos.

Brown Shoots: US Mortgage Delinquencies Hit Record High
A rush for black gold in the Gulf - Every country except the USA will be drilling in the Gulf of Mexico thanks to Obama's no offshore drilling policy. Now WHAT could possibly motivate him to make a decision like that, ...........except maybe......he's trying to put this country into economic turmoil? The logical thing to do to help the economy long-term would be to allow offshore drilling. It makes no sense to cut off the supply until you have other energy sources in place