"I remember when I started to get really bearish on the economy in 2007 that it was something I felt in my gut. Sure the data suggested something was wrong, but you could always use the powers of rationalization to ignore it. Well, this is the same sort of feeling I’m getting now; we are headed straight towards the worst crisis of the past century, including the Great Depression, and it is far too late to do anything about it.
"The big money in the years ahead will be made in Asia, no doubt about it. The advice for years was “head West young man.” Well now it’s the opposite; if you’re young and talented, you better get the hell out of the U.S. Our government is passing laws in plain sight that are NO DIFFERENT from those passed by oppressive regimes. This isn’t theory, it is fact. If you make money in the U.S., expect to be harassed by a government desperate for revenue."
[Go read the rest.]