Now, for those of us who have been reading Whiskey and Gunpowder or The Daily Reckoning, this is hardly news. I just note it so that I can give you the article's money quote.
“You can have lower rates and deflation, higher rates and higher inflation or the nightmare scenario of higher rates and deflating asset prices,” he said.
“If the nightmare scenario plays out as I suspect it may then the debt situation gets worse. There is currently no exit strategy and the reaction to the crisis of policy makers remains a big worry.”
As a result, Fry is telling investors to play it safe and buy physical assets like land.
“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” he said.Might want to see to food stores, water purification, medical supplies, farming supplies and equipment and so on, Sparky. If you think its going to get that bad, then you'd get ready for real, don'tcha think?