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Saturday, June 13, 2009

The Biggest Crashes In History

According Bill Bonner:

We've seen the biggest stock crash in history...
..the biggest property crash in history...
..the biggest deficits in history (four times the previous record!)...
..the biggest bailouts in history (we can't even count that high)...
..the biggest bankruptcies in history...
..the auto industry and the finance industry have been largely nationalized...
..the president of the United States of America is now making financial decisions for formerly private industries...
What's left to see?
Oh yes...the depression...and hyperinflation.


Hope you guys are protecting yourself by buying real assets, shorting long-term bonds and buy gold coins.

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Adventures In Money Making
I'm an ex-programmer who's currently purusing an MBA. I've been interested in investing for nearly 20 years but actively engaged in it for the past 9. I currently invest in Real estate and Commodities and in Stocks. I also have my own corporation with its own pension plan that invests in Real Estate. My goal is to retire way before 65. That doesn't mean sitting around and waiting to die!!! That means I have enough money through passive investments to pay for food, shelter and some luxuries, which will give me the opportunity to travel and enjoy life....and of course devote more time to investing!
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