A 25% Chance of Armageddon? Flee for the Hills, Preferably With a Gun!

Barton Biggs, Traxis Partners hedge fund manager and Author of "Wealth, War and Wisdom", discusses: - His rather bleak views on the future of the global economy; - The possibility of a breakdown of the civilized infrastructure”; - His assertion that Mankind endures ``an episode of great wealth destruction'' at least once every century; - The connection between wars and markets; - His views for the prospects of US economic recovery - outlook for US stock market- Difficulty of gauging the prospects for the global economy and the market direction; - Views on the European debt crisis; - Whether he remains net long on the US economy; - Whether Asia has re-coupled with the Western economies - whether this is a concern; - Concern over a slowdown among Asian exporters; - Chinese central bank appearing to prop up the Yuan as well;- The survivalist message of 'Wealth, War and Wisdom: invest 5 per cent of income in creating a refuge "well-stocked with seed, fertiliser, canned food and medicine".See omnystudio.com/listener for privacy information.