The Worst Financial Crisis In Our Lifetimes

We're going to have the worst financial crisis in our lifetimes because of the debt. There is no question that the debts are now staggering. We've never seen the likes in the world and in Japan they have zero interest rates, negative real interest  rates so if interest rates ever go up to 2%, it totally destroys Japan.

Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index

Gigantic Trauma Is Coming In The Debt Markets

There is no question that gigantic trauma is coming in the debt markets and many debts are going to be wiped out whether it's by bankruptcy or military action or who knows what, there's no question about it.

Q: Are you buying or selling gold at the moment?

Neither at the moment. I own a lot of gold and silver. I haven't bought any serious gold in a few years.

I'm waiting for gold to go down more at which point I hope I'm smart enough to buy a lot more gold because before this is over gold is gonna go up a lot, it's gonna get very overpriced, it might even turn into a bubble. I hope it doesn't turn into a bubble because then I'll have to sell and I don't want to ever sell my gold, my children will have my gold someday. But no, I am a potential buyer, I have never sold any, I don't expect to sell any gold unless and until it becomes a bubble someday.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Sooner or Later Governments Are Going To Crack Down On Crypto Currencies

Governments could issue their own crypto currencies, they could control it that way because governments don't like any of this. They don't like gold for that reason, they want to be able to control everything.

Related trading instruments: Bitcoin, SPDR Gold Trust ETF (GLD)

Investing: My Thoughts On Japan

Japan has staggering debt as we all know, they have a declining population and the debt is going through the roof. Mr. Abe says he's going to do whatever it takes, he'll print as much money as it takes and he'll spend as much money as it takes. That cannot last. It never occurred to me that the next financial crisis might start in Japan but Japan is certainly certainly going to be a big  problem!

By the way I own Japanese shares and I'm buying more Japanese shares today just so you know but if I were a ten year old Japanese I would get myself an AK-47 or I would leave because in his lifetime or her lifetime that place is going to be a disaster.

Related trading instruments: Nikkei 225, Topix Index, iShares MSCI Japan ETF (EWJ)