Gerald Celente predicts the collapse of 2009
Legendary trend analyser and the man who predicted most major events of the past several decades is now warning Americans (and the world) to prepare for a broad economic collapse, potential bank holidays, ghost malls, civil unrest, food riots, and possible revolution by 2012. The only possible salvation is a new technological innovation as revolutionary as fire or the wheel.
The next bubble: Gold
The government is looking for a new bubble to entice hoarders of cash to spend. Those who believe in gold as the ultimate investment (a growing community) are the only people consistently prepared to dump dollars at first opportunity. Rather than depress the price of gold to maintain stability in currency markets, could a massive deliberate devaluation of the dollar versus gold be the more appropriate policy to stimulate spending and boost the velocity of dollars? Gold fever will cause dollars to move, there’s no doubt about it. If software developers ruled the world
Yesterday I discussed the incredible benefits of open source software in terms of reducing costs for startups and promoting competition in the marketplace… but the real magic of software is the concept of abstraction, it’s when a developer can consume a service using a single stable interface regardless of how the producer chooses to implement the service behind the scenes. The multitude of choices in the software realm (compounded by the open source world) necessitates standard interfaces for these components. I wonder if other industries could also benefit from similar ideas. One industry to rule them all
Every time I take another dabble in the open source world I am amazed at the depth and breadth of truly top quality software available at absolutely no charge. I’m developing a new project that requires some enterprise quality infrastructure, so I took a good look at the Spring framework, Apache project, and the Open Symphony project… Now I’ve used some of their products before (as well as several vendor frameworks) but these tools are now almost plug-n-play good. Marc Faber is wrong
I have a ton of respect for him, I read all his reports with great interest, his track record is as solid as they come, but I think on this issue he is wrong. Who, either Americans or foreigners, will feel the most pain as a result of our current global economic upheaval? Nothing has changed
All the headlines last month were “investors flee commodities as the financial storm stokes fears of recession and a flight to quality,” now they are all saying “investors flock to commodities as the financial storm persists and intensifies a flight to quality.” Do people still take business reporters seriously? These guys don’t have a clue. There was no commodities bubble, there were forced sellers. There is a ton of inflation and the only thing worth owning right now is precious metals and oil. Soon, we will be including Asian stocks and agriculture in there as well. …That sounds familiar. Oh yeah, NOTHING HAS CHANGED. Would you trust a dictator with your wallet?
The Federal Reserve is printing dollars to stimulate consumption, but since most products Americans consume are produced abroad their dollars flood the world and foreign governments print their domestic currencies to take them off the market and stabilize the exchange rates. That is literally the inflation that is ravaging emerging markets, meanwhile foreign leaders persist in their vain attempt to maintain the status quo. The only possible reason they would follow such a stupid policy is a false belief that American demand is driving global economic growth. |
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