Jim,
I know you get a lot of mail so I’ll be brief. I highly value your information and input on the current economy. I also have read your book “Patriots”, and your current assessment of our economy’s future terrifies me.
What are the probable chances of this turning into a worse case scale as seen in your novel? Even if it is not worse case, I have no idea
what a Moderate case would look like. Your wisdom would be greatly appreciated. Thank You.- William
JWR Replies: In the context of America’s current economic situation (namely, the implosion of the Debt Bubble), I think that the “Moderate” outcome would be a depression of the same severity and duration as the Great Depression of the 1930s. It is hard to assign percentage chances, because there are umpteen variables in play. But we are definitely now in a very volatile cycle.
Don’t panic, but do what you can to limit your US dollar exposure, get shed of rental properties, minimize your stock portfolio, diversify into precious metals, and be well-prepared, logistically. (Beans. bullets and Band-Aids). If you don’t know exactly what supplies to lay in, then get a copy of my “Rawles Gets You Ready” preparedness course. Above all, pray hard!