Bragg predicts commodity collapse-c/w solution
Bragg predicts a commodity collapse, that's right an all out collapse. WHY you ask? Sales of just about every thing are plummeting, car sales which take a great deal of commodities are off as much as 30%. People have that deer in the head lights look about them, and it's showing up in sales of just about every thing you can imagine.
Every once in a while a cloud, a BLACK CLOUD settles over the masses, call it a tipping point if you like. Carter called it a "Malaise" back in the 70's and during the Great Depression they called it plain and simple..... FEAR! Call me crazy if you want, but I think we have another one of those black clouds overhead. People are walking away from their homes, their cars, their credit card debt, even their student loans .
Wall Street created the housing run up and subsequent sub prime bust, and now a commodity bubble and the bust is coming. Just like the 1920's over leveraged markets broke the bank, and this my friends is no different. In the last 4 years commodity speculation has increased 20 fold, and very soon these traders are going to be heading for the exits. Due to a frozen in place consumer, or if you prefer a consumer strike, commodities are going to be piling up everywhere because factories with no sales cancel orders.
Ask yourself this, when gasoline went from $3 a gallon to over $4 a gallon almost over night, did you change your behavior in any way? I'll bet money that 99% of you have indeed changed your behavior to one degree or another, myself included. When one of these black clouds settle over the masses, GDP can fall by 10% or even more almost over night. Then what after that first 10%, another 10 then another 10 when those dominoes really start falling?
You know what they say about high prices? Nothing !!! and I mean nothing cures high prices like higher and higher prices. Just look what happened to housing.
Braggs solution: If I had any money tied up in this commodity bubble, I would be calling my broker in the morning screaming at the top of my lungs , SELL SELL SELL !!! (except physical silver, that bubble is yet to come)
You heard it here first .
P.S. Deflation is coming !
