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Financial Forecasts

Date: 08-12-03
Host: George Noory
Guests: Don McAlvany

"Debt is the Achilles' heel of the American economy," said Don McAlvany (mcalvany.com(1)), the guest on Tuesday night. As the editor of the McAlvany Intelligence Advisor, he analyzes financial developments and their effect on personal finances.

"We are headed for a great world depression," worse than the one of the 1930's, "as the debt pyramid is now unraveling," McAlvany said. He believes we are at the beginning of a long-term drop in the standard of American living, and that China and Asia will be the dominant economic force of the 21st century. Pointing a finger at the Federal Reserve, he said that artificial stimulations of the economy to try to keep the prosperity of the 90's going, were akin to the needs of a drug addict.

"There are ways to protect ourselves," the first being to get out of debt, he said. McAlvany also advised getting out of the stock market entirely, and investing in gold and gold stocks, as well as starting a home business as a sideline. The currently strong real estate market however, is very vulnerable. There's a "giant ice pick" ready to burst that bubble, he warned.

1. http://www.mcalvany.com/

Related Articles

Beyond the Year 3000

Tonight's guest, Dr. Bruce Goldberg, has collected case studies of people who say they were visited by time travelers from 1,000 to 3,000 years in our future. Pioneering out-of-body explorer, the late Robert Monroe, wrote of traveling to Earth, at a time beyond the year 3,000 in his book Far Journeys(1).

While out of body, he was escorted by an INSPEC (intelligent species) and at first they viewed the planet from space. "Around the earth was a single flat ring, much like the ones around Saturn, and it was radiating and sparkling...from its own internal source," wrote Monroe. As they flew in closer, he noted there were no visible planes, ships, or people. However, there was a lush growth of trees and plants, some types of which he had never seen before.

Monroe was told that the planet was occupied by far less people and those that were here were "H-plus" (humans-plus: indicating modifications from those of our present time). After they "landed," he encountered two INSPEC appearing as a man and woman. They said they stored the bodies they were wearing under a tree, and protected them with "reball," a resonant energy balloon. Monroe learned that though they were in the area formerly known as Virginia, the United States no longer existed. "Exactly what year is it?" he asked the couple. Time? "They gave up that kind of measuring somewhere after they reached the 3000 mark. Didn't need it anymore," he was told.

--L.L.(2)

1. http://www.amazon.com/exec/obidos/ASIN/0385231822/ctoc
2. http://archive.coasttocoastam.com/info/about_lex.html

Bumper Music

Bumper music from Tuesday August 12, 2003

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