Loading ...Where are my rubber boots? That is baloney imo. Even if he DID say that, it means he wants to sell a book or something. Capitalize on the confusion and fear.
The Significant Something Big Event already effin happened. The USA was embezzled stealthily over decades. As jobs manufacturing and production left the USA, the USA Gov’t supported tax ABSORBING paychecks grew ten fold.
At the same time, NON gov’t supported businesses gradually got flooded with labor, people looking for jobs and excepting any wage they can get. If they lost a tax paying job they (and uncle sam) took 40% less at the next job. Note deficits. And increasing gov’t debt.
My market letter in 1980 predicted deflation in tax payer labor because of Jobs going to China and India. On top of jobs that left to Japan and Europe who were on the US gravey train earlier.
The only big thing happening now is globalization falling apart, with populous rebel and independence movements.
Think for yourselves.