General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe man that predicted Fannie Mae and Freddie Mac is predicting disaster
In the next five years to the economy .http://thecrux.com/dyncontent/look-who-is-going-bankrupt-next/?cid=MKT232586&eid=MKT307606&pag=gold_coins&utm_content=%7Bcreative%7D&utm_term=%7Bplacement%7D&gclid=COmK2Ji4otECFdGCswodAkgHUg
Oneironaut
(5,741 posts)"A Multi-Millionaire's Personal Blueprint For Surviving the Coming
Currency Collapse
"This is what I'm doing to protect my
family and my finances - I recommend
you do the same.""
There have been many chicken littles over the years. This info should be taken with a grain of salt, rather than as imminent doom.
physioex
(6,890 posts)Or try to get you to invest in gold and silver.....
edhopper
(34,475 posts)That was the end of the housing bubble.
Did he predict snow this winter?
CK_John
(10,005 posts)progree
(11,463 posts)About once or twice a year I get his shit trying to sell me on his newsletter and other offerings. He pedals fear and conspiracy theories (like Obama is going for a 3-term presidency) so as to sell his investment "advice".
airplaneman
(1,268 posts)These guys are so easy to spot.
-They know something you don't.
-After reading a page you have learned nothing and you are asked to link to another page.
-Much more to read yet you still learn nothing.
-Then you get to the point were you are supposed to send them money to learn what they know and you don't.
Other key words:
-Hyperinflation
-Fiat currency collapse
-Bankruptcy
-Government spending
-Buy gold
These guys don't know shit - I first noticed them 20 years ago and nothing they say is happening when and how they say it. Actually they do know how to con some into buying the shit they are selling. This does not make them smart.
-Airplane
Hamlette
(15,489 posts)It was a better indicator for 2008 than this clap trap.
I work at my state's unemployment office. Our numbers started going up in November 2007. By December 2007 the whole office was buzzing about it. It stayed up throughout 2008 but nothing like what happened in late 2008. We couldn't put in telephone trunk lines fast enough to meet call volume. We had phone company people literally working round the clock in 2009. It was surreal.
We didn't recognize it in late 2007-early 2008 but if it happens again, I'll let you know