Unfortunately, it’s not good news.
These are some of his recent posts.
The Federal Reserve and the banking system have been monetizing (buying) U.S. government debt at an accelerating pace. So why haven’t we seen greater increases in prices?
The fact is, some prices, like food and energy, have increased over the past 2 or 3 years. Having lived much of that time abroad, I notice it when I return…
Michael Panzner is a well regarded financial adviser who seems to have better insights than most financial commentators. I’ve recently finished reading his book, Financial Armageddon, which, written in early 2008, predicted the financial crisis that marked the beginning of the global financial meltdown and our ongoing economic depression. Panzner has written another book, When Giants Fall, which I’ve yet to read. He maintains two websites, Financial Armageddon, and An Economic Roadmap for the End of the American Era. Both are highly recommended.
In a recent post, Panzner cited a book by Fernando Ferfal Aguirre, titled, The Modern Survival Manual: Surviving the Economic Collapse, which is based on the actual experience of Argentina over the past 10 years. It’s not a Mad Max scenario, but it isn’t pretty. You can find a summary at Aguirre’s website.
And plenty more where that came from! Check out Tom’s blog and his books.