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tech3149

(4,452 posts)

34. Take heed of this warning

Reply to TexasBushwhacker (Original post)

Sun Mar 31, 2013, 10:35 PM

Mar 2013

Back in like 2006 I advised my baby sis to put some of her assets into gold. The gain has been great but now is about the time to cash out.
I just recently moved my retirement assets to an annuity that has a guaranteed yearly payout. It may not be a big earner but I won't trust my money to institutions that profit just from handling my assets. My IRA's and 401K's lost too much over the last decade(even with some informed management) to ever let me rely in the honesty and intelligence of the "financial" industry to serve my interests.

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Highlight:

Sundown in America - David Stockman warns of the next big crash [View all] TexasBushwhacker Mar 2013 OP

He may be correct. elleng Mar 2013 #1

i think he is right riverbendviewgal Mar 2013 #2

Same here. Blue_In_AK Mar 2013 #4

I have about 40% stock. The rest is in bonds or money market. I'm slowly davidwparker Mar 2013 #18

banks and stock markets kardonb Mar 2013 #8

I don't think Paul Krugman will agree with the "phony money from the Federal Reserve" theory. pnwmom Mar 2013 #3

Yes, but his prescription is fiscal spending not monetary support. caseymoz Mar 2013 #12

Everyone knows who Stockman is, right? cherokeeprogressive Mar 2013 #5

Yep he is the Congressman who bacame Reagan's OMB Director grantcart Mar 2013 #6

GO, gc cliffordu Mar 2013 #7

He goes just so far and then he turns into a deficit hawk, if I read him correctly on CTyankee Mar 2013 #21

I strongly recommend his book. Jim Lane Mar 2013 #23

I agree 100%. I was in Bangkok and didn't have a lot of access to different books but read his grantcart Apr 2013 #37

He's the guy yelling fiat money will cause our economy to collapse Major Nikon Mar 2013 #25

Not too mention that just about every country has fiat money n/t TexasBushwhacker Apr 2013 #38

I was butchered in the 2007/2008 crash. airplaneman Mar 2013 #9

I stayed in through 2007 Ron Obvious Mar 2013 #10

I'm still in Major Nikon Mar 2013 #27

Exactly. Ron Obvious Mar 2013 #29

I think it depends on how much investment capital you have Major Nikon Mar 2013 #31

Crashes are inevitable, So are recoveries. bhikkhu Mar 2013 #11

A stock market dump is nothing to what's really coming. xtraxritical Mar 2013 #13

+1 Newest Reality Mar 2013 #26

We didn't get hurt too badly when the market crashed ohheckyeah Mar 2013 #14

The stock market is equivalent to frivolous gambling the wealthy does whenever they have too much on point Mar 2013 #15

Not really Major Nikon Mar 2013 #28

In THE CRASH OF 2015, Thom Hartmann describes a country not on the road to collapse, but in the mids ErikJ Mar 2013 #16

+1 davidwparker Mar 2013 #17

Stock market up/down ?? OutNow Mar 2013 #19

This all started a lot earlier than that. Starry Messenger Mar 2013 #20

Yep. End stage capitalism...... socialist_n_TN Mar 2013 #22

...AND he has a book coming out in 2 days Ruby the Liberal Mar 2013 #24

Fair enough, but that doesn't make him wrong TexasBushwhacker Mar 2013 #33

As does Dr. Ravi Batra in his interview with Thom Hartmann chknltl Mar 2013 #30

Smart guy. If he's right, he will be a hero. If not, everyone will forget this prediction. Nye Bevan Mar 2013 #32

Take heed of this warning tech3149 Mar 2013 #34

ummmmmm..... A HERETIC I AM Apr 2013 #35

It's a christian based non profit tech3149 Apr 2013 #36