Posted on 11/24/2012 5:06:35 PM PST by Olog-hai
“After putting $803,436 in Obama’s re-election campaign, a media giant attempted to keep Americans from seeing the video by banning it from their sites,” stated Aaron DeHoog, the financial publisher who is unapologetic for the release of controversial footage that has gained international attention.
The video DeHoog is referring to is a stunning interview with famed economist Robert Wiedemer, author of the New York Times best-selling book Aftershock.
Wiedemer, best known for correctly predicting the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States during the “Great Recession”, provides disturbing evidence in the video interview for 50 percent unemployment, a 90 percent stock market crash, and 100 percent annual inflation … starting as soon as 2013. …
(Excerpt) Read more at moneynews.com ...
It will be interesting. I am losing a lot of money in my McDonald’s stock (I bought at 33 dollars but it was over 100 earlier this year and now it is only at 84). Walmart I have stock that is doing really good. I have had both for 18 years. The stock market has always been volitol but perhaps it might be more so this year. It depends on taxes IMHO.
Yawn...Americans voted for the collapse, and who can say no to an insistent, grasping American?
Take your capital gains now!
Bush warned of this no less then 4 separate times, Peter Schiff and I think Calente too were shouting this from the roof top and all were roundly dismissed as well as laughed at.
Google “Barney Frank + Maxine Waters + Freddie Mac” for a stroll down memory lane.
Then technically your still up and it isn't loss. Unless you sell it at a lower rate, or the company goes belly up, you haven't lost anything. You purchases a "piece" of the company, and you still own it.
Then technically your still up and it isn’t loss. Unless you sell it at a lower rate, or the company goes belly up, you haven’t lost anything. You purchases a “piece” of the company, and you still own it.
________________________________
With inflation for 18 years he hasnt gained much.
This “article” is nothing more than a thinly veiled commercial for Robert Weidemer’s book. Check it out. Follow the links.
Thanks Olog-hai.
Gold Confiscation Not A Possibility by Jim Sinclair
jsmineset | November 24, 2012, at 2:24 am | by Jim Sinclair
Posted on 11/24/2012 2:00:55 PM PST by dennisw
http://www.freerepublic.com/focus/news/2962669/posts
I believe I also saw ‘5 signs’(or whatever) that stocks were gonna collapse in 2009, 2010, 2011, and 2012 too. Never happened. They ARE entertaining though.
Run - dont walk - and get Aftershock Investor - and sell your stock ASAP.
We bailed from all stocks 3 months ago. A friend who’s made a fortune in rental real estate has a close friend who’s made his fortune in stocks. Last week he sold them all.
The market is a bubble inflated by QE1 - infinity, and its collapse is imminent.
Went to cash just before the election. Not that cash is safe.
Do you think even “everyday” places like what I have are going to collapse? I am interested in your synopsis. I swear I get more education from this site than my entire formal education.
I am not a financial guru - and don’t play one on TV.....but the top experts I know are all in agreement on this.
As I said, run and get Aftershock Investor by the guy who called the ‘08 crash and housing crash.....the next bubbles to crash are the dollar, stocks, the debt. And hyperinflation will come.
As many say, no one knows when - my guess is Obama’s term sometime.
Then he will seize dictatorial powers and no Repubs will have the cajones to stop him. Oh, they’s squeal for a while, but they will do nothing.
Civil war may follow, with most of the military on our side.
It ain’t gonna be pretty.
May be safer than you think. From a related post:
"...there is not just one US currency dollar, but two. Virtual dollars exist only on computers, and can be “created” just by adding another zero on the end.
Physical dollars are printed in only two places in the US: Fort Worth and Washington, D.C. And even at full capacity, they only print enough paper money to back 5% of US daily retail trade. The other 95% is done with virtual money.
And paper money also has something that virtual money does not. It is “legal tender”, and this is very important.
Were America to not be able to access its virtual money, or if Americans just *refused* virtual money, insisting on physical cash, there would be something called a “currency split”, in which all the trillions of virtual debt would cause virtual money to hyperinflate; while at the same time, physical cash would *deflate* 20 to 1. That is, a physical nickel would have the purchasing power of a dollar right now.
All sorts of things could happen to cause this virtual money bubble to pop. All the people who owned virtual money would suddenly be impoverished, either by not being able to access it; or its value hyperinflating to nothing.
And one thing could happen to cause the massive deflation of paper money: the public refusing to trade in virtual money. Insisting on cash.
Since the government can’t physically print more money, could it print higher denomination bills? Actually not, for the simple reason that there are not enough lower denomination bills to make change for it.
All the people right now who get checks from the government for whatever, would find that the checks are worthless if nobody will trade them for cash, and nobody will accept checks, credit, debit or any other virtual instrument in payment for debts. Because they don’t have to. Because virtual money is *not* legal tender.
“I have a million dollars in the bank!”
“Good for you, but the price of a stick of gum is still 1 cent. Unless you have a cent, you cannot buy it.”
Now granted, this situation is untenable for the government, so they would have to do something, but by that point, “Gresham’s Law” would come into effect. Nobody would want their worthless virtual dollars, and would spend them as soon as they got them, for anything they could get. And everybody would horde physical dollars and coin.
And, as with the deflation during the Great Depression, the saying would hold true: “You could buy a pound of hamburger for a nickel, but nobody had any nickels.”
42 posted on Saturday, November 24, 2012 8:30:52 PM by yefragetuwrabrumuy
I thought the collapse was suppose to be at, or by the end of this year?
It has been delayed on the account that it was full of crap? The stock market may bounce because of traders but companies still are worth a great deal of money, and investors know that. Don’t be a trader (unless you trying to be one) be an investor and sleep at night.
What will be hurt is inflation - but you probably want your money in an asset that will rise with inflation. Commodities seem to make the most sense and then stocks. Holding cash is dumb for the long term.
IMO
I see a more likely scenario is a 6-8K Dow, and a deflationary trend in several areas. 1935 redux.
Not good when you consider inflation on 18 years and then pay federal and possible state income tax when stock sold. Basically you could have done better buying tax free municipal bonds.
"The Reserve Bank printed a Z$21 trillion bill to pay off debts owed to the International Monetary Fund"
https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
Zimbabwe issued 100 trillion, 50 trillion, 20 trillion notes overnight. They even paid off debts with a 21 Trillion bill.
Commodities is real money since it will always be in demand.
With expiration dates!!
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