Richard Duncan Multi-Decade Global Depression?
Richard Duncan is the author of The Dollar Crisis and The New Depression: The Breakdown Of The Paper Money Economy.
Richard Duncan believes we are heading for a Multi-Decade Global Depression!
With all the massive debt and QE forever being printed….What happens if he is right?
How do you protect your financial wealth?
Great question and I am asked that often….As I said prior, Everyone has an opinion…however as we saw with the massive move of the US Dollar, anything can happen. Trend followers do not have an opinion. They went long the US Dollar and sold many of the other currencies. Some trend follower had tremendous years in 2014. This does not mean it will happen in the immediate future nor does it mean there will not be ugly draw downs. In reality Managed futures had one of the toughest 3 years + for decades.
My personal opinion is to pay down debt, be liquid, be available and most of all have a well thought out trading plan that enables one to trade a large basket of items we use in our daily existence. This daily existence ranges from stocks, bonds to everything we consume…
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.