This guy became famous for being the only economist to predict the real estate buble crisis which blew in 2008 (while other economists were mocking him, saying the economy was in a great shape). He says that the US economy today is based on borrowing from another countries and spend this borrowed money buying their products, which leads to a huge debt. (It's no secret to anyone that the US has a huge debt). He says that the debt is so huge the US won't pay it and have no conditions at all to pay it. At some point, countries such as China (which is the biggest lender) will realize that, and then they will stop lending money. As a result, the US dollar will deeply lose its value, leading to huge inflation and unemployment, and the US will be unable to get more money from outside because no one else will lend. Yes, he paints a pretty chaotic scenario. He says the best the US can do now is have a big recession to avoid something even worse in the future. He also says the US situation is worse than Europe's. I watched his videos in youtube, and I thought this guy has a point and he knows what he's talking about. He advices that the best people can do is get rid of their dollars and buy gold, because the dollar is about to crash at anytime. What are your thoughts on this?