PERHAPS THIS WILL HELP... Don’t get me wrong, I am going to toot my own horn for second, but I wish I was wrong… I really do. It’s satisfying when someone like Donald Trump, one of the wealthiest men in the world confirms what I have been saying. George Soros, another one of the worlds wealthiest men also has put down a 1.3 BILLION wager on a U.S. crash. These guys didnt become billionaires making bad choices. Personally, I have no “formal education in economics” other than 3 of Peter Schiff’s books, and his daily podcast I listen to maybe 1-2x a week, so for a guy like me to be able to predict the 2008 crash down to the smallest details back in 2004… was pretty impressive. At the time I worked for Merrill Lynch, and the Dow was at about 14,000 (it’s all time height back then), so when I started talking about a mortgage meltdown, the derivatives, a run on the banks, and the market tanking down to about 6,000, people thought I should be locked in a rubber room… that is… until 2008… and EVERYTHING I said happened as I said it would. It wasn’t until 2008 someone else who knew I’d predicted everything suggested I look into Peter Schiff’s work, because he predicted the crash too, but he did it in a book titled, “Crash Proof: How to Profit From the Coming Collapse.” Lucky him. Like I said, i don’t have any formal training, but I know economics better than almost anything else… and considering I just got my Doctorate for a mere $200,000 in a different subject… that says a lot. I don’t know how everyone else can’t see money and economics the way I do… but these days… be thankful. You don’t want to see what I see coming. It’s going to be BIBLICAL it will be so bad. In previous posts Ive gone into precisely what is going to happen, but those posts normally get about 100 views if they have anything to do with finance. Most other posts get THOUSANDS of views, and some have been shared 75,000x plus. Sadly, the only ones that REALLY matter, very few read. I’ve mentioned more than once I am almost 40, and I just spent $200,000 on my Doctorate, so there isnt much that can happen that will affect me financially. Nothing from nothing is nothing. Quite the contrary, things could get so bad, hyper-inflation could wipe my debt out in an afternoon of work. I’m kinda kidding… but kinda not kidding. Expect food riots. Expect violence. Lots of it. Predicting the last crash was easy to narrow down almost to the day 4 years early. This one there are too many moving parts. It’s not far off though. Not far at all. Worse, the United States will be one of the few countries that does not recover… not in our lifetime anyway… somewhat like Japan and how they were in the 80’s. We were neck and neck with the Japanese, and their economy has’t budged a millimeter in 30 years. Expect that… but way worse. I’ve tried every creative way I could think of to trick people into clicking on a my links that really get into it… but not much has worked. If you have a spouse or kids, there ARE things you can do to ‘somewhat’ insulate yourself… and all I’ll say is cash (whether physical or in a bank somewhere) you might as well burn. That’s about how much good that will do you, and U.S.. Treasuries, the safe haven of the world for the last 50 years are equally as worthless. That doesnt mean the rest of the world wont initially flood to U.S.. treasuries… maybe they will, but they wont be safe… and it will be a HORRIBLE idea. Think of it as muscle memory for their finances. Beyond saying that… people need to do their homework if they have a family. Ill help how I can, but wont do someones work for them. Anyone who looks can see I posted all night… I sacrificed sleep to get out about 10 posts for the benefit of other people today. If I can do that, people can make an effort if they want suggestions. I dont gain in any way, so Im in no hurry to dump all I know to someone who hasnt done their homework. READ ON...
Posted on: Sat, 27 Dec 2014 21:30:00 +0000
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