Grima Wormtongue quits Shire; cites barriers to investment as reason for returning to Isengard

Evidently James Dale Davison is an investment advisor and author of numerous volumes of economic and political predictions, described by his admirers as an excellent predictor of trends, as long as you ignore the specific dates he gives for buying or selling. His most recent effusion was "Protecting Yourself in the Coming Depression", but either he did not sell enough copies at $0.01 each or he did not pay enough attention to his own advice, for he now lacks the money to pay for the mortgage or for maintenance on his NZ house.

This is partly due to his wife, and partly due to NZ laws being insufficiently Davison-friendly.

He claimed he lost $5m investing in New Zealand and still owed about $1m.
"I love the house, I love the place. I think New Zealand is a lovely place to live, but it's just not a place that you can make money."
Instead of putting up barriers, it should be focusing on becoming a wealthy "retirement haven", he said.

It is not immediately clear why NZ should take economic advice from a person who boasts of owing his creditors $1,000,000; nor why his inability to make money here should be a concern to anyone else, since he is a staunch libertarian and does not believe in paying taxes on it.

The Gazoogle reveals more of Davison's advice, from May last year: apparently world oil markets would go tits-up and higgledy-piggledy on September 21 2012, when world economies would abandon the Petrodollar as the unit of exchange.

On September 21, 2012, America’s Most Popular Investment Will Reach its Use-by Date

It will be a civilization-altering development…

The Coming “Megapolitical Earthquake” that Will Shake Civilization to the Ground

(entire rant is scrubbed from the original site but is still available here, with all its eccentric capitals, bold type, flecks of spittle and paragraph breaks in lieu of punctuation).

This warning was the signal to smart investors to ring 866-405-2348 and subscribe to Davison's newsletter Strategic Investment (with not one, but two free reports!), and to sell all their assets in late-2012 so they could buy gold.

Understandably in these conditions of global upheaval and market chaos , Davison has gone back to his Florida home and cannot pay his creditors because he needs the money for "my children's private tuition".