Very informative interview with Niall Ferguson on CNBC. Ferguson discusses western civilization and the historical precidence for how dominant civilizations come to an end. His premise is that history shows us that large civilizations very often come to an abrupt end rather than enduring a long, slow decline. He does not make any specific predictions about the decline of the United States, however he does reference the 1970's and goes into some detail about his predictions for democracy in the Middle East.
There is no reason to think at this point that the United States is going anywhere. However, the problems we face are very real and we appear to be on a path toward more pain and suffering. We agree with Ferguson's predictions on the future of the Middle East, which are also very bullish for oil and gasoline. Everyone needs to protect themselves from significantly higher gas prices by purchasing an ETF that tracks either gasoline or oil prices. Please contact your investment advisor and discuss these options with him. If gasoline goes to $10 per gallon or higher, the affects will be felt in higher prices for all good and services. You must be hedged against these risks.
Tags: Oil prices, gas prices, inflation, Obama, Niall Ferguson,
CNBC, 1970, how to protect against rising oil prices
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