Maggie’s Economic DOOMSDAY!!
- Thread starter netranger6
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Re: Economic DOOMSDAY!!
How about cliff notes. After 10 min of how great a predictor of doom he is I turned it off.
How about cliff notes. After 10 min of how great a predictor of doom he is I turned it off.
Re: Economic DOOMSDAY!!
I'm still listening. It's a long listen...but very gloomy.
Try this too: http://www.stansberryresearch.com/
I'm still listening. It's a long listen...but very gloomy.
Try this too: http://www.stansberryresearch.com/
Re: Economic DOOMSDAY!!
Although this group has accurately predicted some financial issues in the past, there are several lawsuits pending labelled as scams for the services and products this group is purporting to sell.
Although this group has accurately predicted some financial issues in the past, there are several lawsuits pending labelled as scams for the services and products this group is purporting to sell.
Re: Economic DOOMSDAY!!
Absolutely, but the information is still supported. Have to be warry of their pitch line.
Absolutely, but the information is still supported. Have to be warry of their pitch line.
Re: Economic DOOMSDAY!!
This has been out for a while... yes they try to sell you stuff at the end but much of the information is factual and real.
It definitely gives you something to think about. Me and my family personally have been stepping up some measures.
This has been out for a while... yes they try to sell you stuff at the end but much of the information is factual and real.
It definitely gives you something to think about. Me and my family personally have been stepping up some measures.
Re: Economic DOOMSDAY!!
It's going to be like the beginning of "Road Warrior." Things don't just stop all at once. The world economy just kind of bleeds to death, leaving everyone standing around with their thumbs in their butts wondering what to do. While the organized gangs move in to terrorize the sheeple. So get those Ford Falcons fixed up with big gas tanks, and load up the ammo. If you live in place like Montana or South Dakota, just keep doing what you are doing. Here in the L. A. area it will be open season on gang members.
It's going to be like the beginning of "Road Warrior." Things don't just stop all at once. The world economy just kind of bleeds to death, leaving everyone standing around with their thumbs in their butts wondering what to do. While the organized gangs move in to terrorize the sheeple. So get those Ford Falcons fixed up with big gas tanks, and load up the ammo. If you live in place like Montana or South Dakota, just keep doing what you are doing. Here in the L. A. area it will be open season on gang members.
Re: Economic DOOMSDAY!!
National inflation assocation. Using fear to drive investments. Classic.
I just got done watching this it's lengthy.
He's got valid points, but I would urge you to consider a few things. We're not Britain post WWII, and to be fair we're not making those some haphazard mistakes they did. We're also not fumbling with our money the way they did. Every manuever so far has been pretty strictly calculated whether that's to our benefit or we should be concerned about it.
If this guy really believed in everything he's suggesting instead of recommending metals which aren't always the best reserve he would recommend buying as much as you can with cheaply priced US dollars in credit now.
So say your 50 dollars becomes a million dollars or whatever like he describes.
Buy yourself a house or two for 200,000 or so. Invest 20 or 30$ in a foreign currency which is sanctimoniously abandoning us(not saying this won't happen) Yen Pesos whatever, and then pay your house off after the crash with your 20$. Live like a king.
Here's the thing about countries abandoning the US currency. Where does the money they're already responsible for go? Who buys it? We most certainly aren't buying it back. If it becomes worthless they're stuck with the bill!
If we go bankrupt, they all take a major hit. That's why after China initially stated it was researching other currencies it ended up staying right where it was.
Frankly I think it's a great idea to buy baskets of currency to prepare for the doomsday. It's possible you'd win the post apocalyptic lottery that way. However, I think this video is a bit over the top and is only focusing on negatives, and not considering the positives.
So, interesting video, but I'm not going to throw in the towel yet. China's economy is on shaky ground whether people realize that or not. If we go down they'll plummet into a dire turmoil unlike any other they've ever experienced and I'm certain they're well aware of that.
Our consumption made their growth possible.
50 years ago even the global economy was a loosely disorganized iteration of countries stepping on eachothers toes for goods. Now it's an extremely efficient constantly transacting web of growth and devaluations. When one country takes a hit it smashes everyones facepie in. The US holding a cornerstone currency is at the center of it all for shipping, trade and consumption.
We have some of the top tier universities, and the finest engineering on the planet at a grand scale.
If we go under and it all turns into the world of shit these doomsdayers imagine the entire world over will sink levels below current life quality levels at the same time. Personally, I think enough people have tasted the quality of the good life that they won't let that happen.
National inflation assocation. Using fear to drive investments. Classic.
I just got done watching this it's lengthy.
He's got valid points, but I would urge you to consider a few things. We're not Britain post WWII, and to be fair we're not making those some haphazard mistakes they did. We're also not fumbling with our money the way they did. Every manuever so far has been pretty strictly calculated whether that's to our benefit or we should be concerned about it.
If this guy really believed in everything he's suggesting instead of recommending metals which aren't always the best reserve he would recommend buying as much as you can with cheaply priced US dollars in credit now.
So say your 50 dollars becomes a million dollars or whatever like he describes.
Buy yourself a house or two for 200,000 or so. Invest 20 or 30$ in a foreign currency which is sanctimoniously abandoning us(not saying this won't happen) Yen Pesos whatever, and then pay your house off after the crash with your 20$. Live like a king.
Here's the thing about countries abandoning the US currency. Where does the money they're already responsible for go? Who buys it? We most certainly aren't buying it back. If it becomes worthless they're stuck with the bill!
If we go bankrupt, they all take a major hit. That's why after China initially stated it was researching other currencies it ended up staying right where it was.
Frankly I think it's a great idea to buy baskets of currency to prepare for the doomsday. It's possible you'd win the post apocalyptic lottery that way. However, I think this video is a bit over the top and is only focusing on negatives, and not considering the positives.
So, interesting video, but I'm not going to throw in the towel yet. China's economy is on shaky ground whether people realize that or not. If we go down they'll plummet into a dire turmoil unlike any other they've ever experienced and I'm certain they're well aware of that.
Our consumption made their growth possible.
50 years ago even the global economy was a loosely disorganized iteration of countries stepping on eachothers toes for goods. Now it's an extremely efficient constantly transacting web of growth and devaluations. When one country takes a hit it smashes everyones facepie in. The US holding a cornerstone currency is at the center of it all for shipping, trade and consumption.
We have some of the top tier universities, and the finest engineering on the planet at a grand scale.
If we go under and it all turns into the world of shit these doomsdayers imagine the entire world over will sink levels below current life quality levels at the same time. Personally, I think enough people have tasted the quality of the good life that they won't let that happen.
Re: Economic DOOMSDAY!!
If this guy really believed in everything he's suggesting instead of recommending metals which aren't always the best reserve he would recommend buying as much as you can with cheaply priced US dollars in credit now.
Valid point there CW. Ive been considering refinancing my home and staching the money in gold or something then selling the gold after the crash, which is looming...trouble is its paid for now and I hate having the spectre of big debt over my head no matterhow lucrative it may seem.
If this guy really believed in everything he's suggesting instead of recommending metals which aren't always the best reserve he would recommend buying as much as you can with cheaply priced US dollars in credit now.
Valid point there CW. Ive been considering refinancing my home and staching the money in gold or something then selling the gold after the crash, which is looming...trouble is its paid for now and I hate having the spectre of big debt over my head no matterhow lucrative it may seem.
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