If you have received an email from a friend or seen the ads somehow for "End of America" or any number of websites this guy has put up, i.e. newamerica7.com be careful what you believe. He is essentially peddling fear. It's good business right now, but so back asswards I'm not sure where to start. Read my post "A Cup of Optimism" for most of my thoughts and why the fear hype is wrong this time.
This guy claims to have "predicted" the financial collapse. I've read the "Big Short", "Too Big Too Fail", etc... Folks who predicted the financial collapse don't hock $49 newsletters. Buyer beware.