Explore popular quotes and sayings by an American writer James Dale Davidson.
Last updated on November 19, 2024.
James Dale Davidson is an American private investor and investment writer, co-writer of the newsletter Strategic Investment, and co-author with William Rees-Mogg of Blood in the Streets: Investment Profits in a World Gone Mad (1987), The Great Reckoning (1991), and The Sovereign Individual (1997). He also wrote The Plague of the Black Debt - How to Survive the Coming Depression in 1993 where he incorrectly predicted that as part of a "deep depression...Clinton is going to be a one-term president...I am as sure of this as I am that the sun will rise tomorrow" and that the national debt would increase by a trillion dollars during Clinton's "one-term" presidency. He further wrote in the book that Boris Yeltsin, President of the Russian Federation, would lose his job and that Russia will come under the control of a nationalist, militarist regime. He has been credited with predicting the U.S. Subprime mortgage crisis, though much earlier than it actually occurred.
America today has insufficient savings to finance both crucial investment and its consumption of imports.
Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.
The authorities in the United States confiscated private gold holdings in the Depression of the 1930's. They may seek to do so again in the Depression of the 1990's.
When you subsidize poverty and failure, you get more of both.
The politicians don't just want your money. They want your soul. They want you to be worn down by taxes until you are dependent and helpless.