Only 60%?
He’s not Mayan is he?
ping
When that happens buy and when you make a fair profit sell.
Investors are comforted by there being no other place to invest money. They’re thinking this is a zero sum game. It is not. When the stock market collapses, the value will simply disappear. This guy could easily be correct.
They will just prop it up again with fiat monies...
Then it will collapse by 70% next time...
Unless they prop it up again....
Then it will collapse by 80% next time...
Unless they prop it up again....
Then it will collapse by 90% next time...
Unless they prop it up again....
Then it will collapse by 95% next time...
Unless they prop it up again....
Technically, it’s not a “triple top” until it breaks below the lowest valley.
B-B-But Lou Dobbs says that the American economy is doing great!
http://www.youtube.com/watch?v=7Wj4TTc2TbA
(He starts at the 8 minute mark.)
The USA, too big to fail; can’t happen here; yadda yadda...
Pride goes before a fall. The arrogance of many USAians is stunning. Sadly, they will be the last to know.
The same Federal Reserve that brought the collapse of the 30’s, is in bed with a USG which outright disregards _law_. This is going to be a _big_ splash; not even any water in the target zone.
Will the price of precious metals suddenly skyrocket as a result?
Sounds like a good buy opportunity is coming.
Chris Martenson apparently has a Ph.D. in neurotoxicology. He may have been trained as a scientist many years ago, but he not currently a practicing scientist or an economist. Indeed, predicting financial markets is about as much of a science as global warming, where there are simply too many variables to objectively and accurately predict and replicate the real world.
Although am not a scientist, I can predict with near certainty that the markets will go up 60% after having gone down 60%, and after going up, they will eventually go down. I can also predict with near certainty that Paul Martenson is in the business of selling doom and gloom and because of the secular and cyclical nature of the markets, his predictions will always be accurate -- eventually.
I want to read about these things, but why oh why would such a “knowledgable” person risk his “reputation” by making such a risky prediction? It makes absolutely no sense, unless, they intend to benefit monetarily. Other than that, they are on the way out.