Old Jim Willie has a very dour view of things. Unfortunately, a lot of it makes too much sense to consider his perspective as simply ludicrous. In the meantime, the looting of the system by the financial powers that be continues. One of his key predictions: Another huge chunk of money requested by the banks in the next few weeks.
Here’s the link for the recorded interview:
http://www.contraryinvestorscafe.com/broadcast.php?media=141
Also note Jim Willie thinks that the US $ will soon be essentially worthless. This is in contrast to predictions by Robert Prechter, whose book Conquer the Crash will be excerpted on Sunday, October 26 here. Prechter thinks only cash will survive these financial times, and that even precious metals will decline in value, along with everything else. We will soon see who is right.
Keep your eyes and mind open,
Michael Childress
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