My Comments: Many, if not most, writers and pundits in the financial world proclaim to be conservatives and many, if not most, believe the world is soon to come to an end. To me that’s a radical position to take, not a conservative one.

In 1770, in America, there was talk of breaking away from our masters in Europe, and I’ll bet there were plenty of colonists who believed this was the start of the end of the world.

In every decade since, I’m quite sure there were among the recognized intelligencia, pundits who suggested that the path we were now taking would inevitably lead to the end of the world.

How’s that worked out for you so far?

Yes, there are pressures and forces at work in today’s world that are frightening. But as someone who lived through WWII, the Korean War, the VietNam War, and God forbid, the recent Great Recession, I simply can’t get excited about the looming perfect storm the author of this article predicts.

But I share it with you because it may help shape your attitude about your financial future. And if you feel threatened, then come and talk with me. I have an answer for you.

Article added by Ed Morrow on September 27, 2012 | ProducersWeb.com

The bestselling book “The Perfect Storm” by Sebastian Junger and the popular movie starring George Clooney describe the devastating results when all the aspects of the sea — wind, rain, currents and storm — combine. The perfect storm would be predictable if a climatologist had all the history and complete information of where and when each new blow would strike, but such knowledge is not reliably available in advance. When it comes to the weather, hindsight is far more accurate — the same goes for economics.

Your clients (as well as you and your family) are living in a time preceding an economic perfect storm.

Even now, you can see the first of the elements, similar to an unusual tide, strong winds or dark clouds. The warning signs of which the public are aware include the stock market declines of 2008, the real estate crisis of 2010, the London Interbank Offered Rate (LIBOR ) fiasco and the widespread bank money laundering charges and bank losses from unsuccessful hedging activities.

Adding fury to our economic storm is the flagrant financial mismanagement of many national governments who have allowed their situation to deteriorate by encouraging overspending and undersaving. This includes Greece, Portugal, Ireland and Spain plus, sadly, the United States. As these waves race for the shore, they will add more pressure on other European countries. More sovereign debt will come into question and the impact will even be felt in France, England and Germany — the financial stalwarts of Europe.

Government regulators in the U.S. and elsewhere have been either wildly incompetent, hoping they can personally retire before all is revealed, or they have been privately enriched to countenance abuse of the public’s trust.