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Macroeconomics  |  March 27, 2013 06:59:06

The storm worse than anything we saw in 2008

Stan Druckenmiller is one of the best hedge fund managers. In the 25 years from 1986 to 2010 the average yield reached 30%. His words therefore worth taking seriously.

Druckenmiller recently given hour interview Bloomberg and his message to young people is clear: "Do not let your parents and grandparents stole your money."

In his view, deficits in the United States Social Security, Medicare and Medicaid will bankrupt the country. Deficits present value of these systems exceeds $ 200 trillion, that is incomparably more than the official "financial" debt of the United States.

"The current seniors have stolen the future of today's juniors," he told Bloomberg. We can only agree.

The fact that today's problems are resolved, it does not de factonothing. Current problems and financial crisis of 2008 (when the market capitalization fell by almost $ 30 trillion) are against those future cakewalk.

What do you think now about Stan Druckenmiller stocks, can be found on the web Investment

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