But, it now has all of the earmarks of coming to a close. Here is a realistic look at the leading signs of it’s inevitable collapse.
Hong Kong contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: “The future will be a total disaster, with a collapse of our capitalistic system as we know it today.” No, not just another meltdown, another bear-market recession like the one recently triggered by Wall Street’s too-greedy-to-fail banks. Faber is warning that the entire system of capitalism will collapse. Get it? The engine driving the great “American Economic Empire” for 233 years will collapse, a total disaster, a destiny we created.
Please read the article Death of ‘Soul of Capitalism’: Bogle, Faber, Moore
where you will find 20 indicators of the demise and recommendations to downsize your lifestyle expectations, trust no one, not even media. Faber is uncertain about timing, we are not. There is a high probability of a crisis and collapse by 2012. The “Great Depression 2” is dead ahead. Unfortunately, there’s absolutely nothing you can do to hide from this unfolding reality or prevent the rush of the historical imperative.