The Forecaster Moneyletter Economist, John V. Kamin
of Tarzana, California, goes extremely long term, or in his
words, "Out on a limb" in making new predictions and forecasts in a confidential report to his
, author of 15 books and publisher of the Forecaster
for nearly 4 decades jokes "On Wall Street, long term thinking is the time between lunch and dinner."But he
thinks that people really are interested in what will affect their offspring, grandchildren, and great-grandchildren, and what moves to make now to help them prosper in the century ahead!He
also reveals what will have little or no value in coming decades!Kamin acknowledges the problem by quoting John Meynard Keynes, Governor of the Bank of England, who said, "In the long run, we are all dead."
believes that you can do your descendants a great favor.E.G.He
predicts that the population of the USA will be near 575 million people by 2101 A.D. Does that sound too high?Kamin
record, based on past forecasts, is far too conservative, and may indeed be as much as 50% too low.Kamin
says there are certain things that are unpredictable, such as the effect of wars; mentioning US troops in the last 5 decades sent to Korea; Dominican Republic; Vietnam; Lebanon; Grenada: Persian Gulf; Haiti; Somalia; Yugoslavia; as well as other places.How about some more predictions.The Forecaster
Economist looks back 1000 years to the end of the first millennium, where ordinary people had a life span of 29-33 years, marrying around 13, and becoming elderly and gray-haired before 30. (The wealthy did live better and longer, avoiding the dawn-to-dusk struggle for food, and wars that shortened peon's lives).But Kamin
says, "Even 100 years ago, in 1900, the average USA life span was 49; by the time the Social Security Program began in 1934, it was expected that "most people would never live long enough to collect", since workers died an average of 6 months after retirement.The implications of increasing longevity are tremendous, points out the Forecaster
Editor.By 1999, indicated USA longevity was 79, a little less for men, a little longer for women; Kamin
expects that a baby born today may well see 2101.He
points out that the fastest growing groups in the population are those aged over 90, and the second fastest growth group is those over 80.He
expects longevity in the 90s and forecasts many more people living to 100 by 2101.
says that gasoline may cost as much as $30 per gallon, silver $500 per oz, and gold $1000s per oz due to the rapid expansion of printing press money around the world that loses purchasing power rapidly.
"Either way, I think you may be both startled and pleased by what you read," says Kamin
."Those who do not study the future, and learn from the past, are doomed to repeat the mistakes of the past."Kamin
is the author of the 34 Kamin's Laws that have been quoted in the Wall Street Journal
, The Book of Lists.His
latest book is Active Money Strategies & Hidden Wealthbuilder Secrets For Young Adults!