Between mid to late 2009 and mid to late 2012, the U.S. will see the next Great Depression and the deflation of the “three bears,” bubbles in stocks, housing, and commodities. This occurrence will represent the de-leveraging of the greatest credit bubble in history and will have much greater effects than we have seen thus far on banking and financial systems. Americans will see the first and last “Great Depression” of most of our lifetimes. Most people simply are not prepared for this coming dramatic change in our economy. Aging Baby Boomers will see the worst of the economy in their retirement years, much as the Bob Hope generation saw the worst in their early years in the 1930s and in World War II on an 80-year generational cycle.
Hey, there are 77 million boomers getting ready to enter the system NOW. And the folks in Washington are going to "fix" entitlements ?!!
Take a look at this PDF file. Looks good: http://www.hsdent.com/tgca_pr.pdf