Economist
reveals all: What life will be like 100 years from now, in 22nd
Century!
A
widely-followed economist has made his predictions for the century
ahead! 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 subscribers (#23). Kamin, 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."
But Kamin 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
believes his 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.
Here are few more predictions,
including some strategy and tactics which can be more full explained
in detail in Report #23.
What Will Lose Value; What Not To Do
Kamin
points out that most things that people buy will lose value.
He says, "cars, clothing, standard furniture, tableware,
most home appliances, are worth almost nothing when someone dies;
perhaps a few cents on the dollar at a garage sale." He
also suggests that you'll never pay for multiple great-grandchildren's
Ivy League educations by putting money in the bank at a taxable
3% interest. He expects the current $32,000 per year cost of
a top Ivy League education to run $320,000 per year by 2101.
3% taxable interest with purchasing power lost to inflation clearly won't get the job done. He expects the $2 fast food burger to cost $25. Report #23 is crammed full of far-out but very interesting predictions. Kamin 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.
What Will Gain In Value
The
Economist reminds people that, just a century ago, Beverly Hills
land was mostly bean fields. He expects most of the major growth
to occur in metro areas, suburban job centers. He suggests a
number of things that will grow in value. He says bluntly, "Buy
your offspring an acre or two of blacktop highway frontage 10
miles out of town, beyond the metro suburbs!" Kamin backs
up his long term predictions with historical facts. He points
out that the 1936 Chevrolet fully equipped sedan had a list price
of $600 delivered; and the current Chrysler PT Cruiser (which
is about the same size and reminds him of the 1936 Chevy styling),
lists for over $22,000 delivered! He says that leaders of both
parties haven't done a very good job in eliminating inflation
and the loss of purchasing power. Remember President Gerald Ford's
WIN buttons, standing for Whip Inflation Now? If leaders had
done a good anti-inflation job you wouldn't have to pay nearly
$30,000 for a fully equipped Ford Crown Victoria that cost only
$4000 in 1970. He says that the standard suburban 3 bedroom,
2 bath houses in the 22nd century will bring in excess of $1
million... the kind of houses that sell in L.A. suburbs for $240,000
today, that sold for $24,000 in 1970, $16,000 in 1960 and $6,000
in 1950!
Editor's Note: If
you want more forecasts and predictions, you may want to contact
the Forecaster organization at 19623 Ventura Boulevard, Tarzana,
CA 91356 or phone them at (818) 345-4421.
You may get Report
#23 as a valuable free bonus with your special 10-issue Trial
Subscription for $49 to the weekly Forecaster Moneyletter, or
order Confidential Report #23 separately for $10, by mentioning
the Bull & Bear. "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! What they
were afraid to teach you in school, if they even knew! ($20).
One of his favorite laws is #23: Most "experts," simply
aren't. Another is #27: "Fiat money is often created but
seldom destroyed. Overprinting usually leads to continual loss
of purchasing power until the money becomes worthless, and is
replaced by new issues with onerous restrictions."
Those who mention they
saw mention of Report #23 in the Bull & Bear will also get
a free copy of all 34 of Kamin's Economic Laws with their order.
