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10-05-2014, 05:18 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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the asteroid will make this a moot point.
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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10-05-2014, 05:21 PM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by timo2
the asteroid will make this a moot point.
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+1
That will result in an entirely different type of depression...
__________________
Numbers is hard
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10-05-2014, 05:23 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by nash031
I sold all my stock and bought gold and ammunition. Suckers!!
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Hah! I bought gold ammunition. Top that.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-05-2014, 05:25 PM
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#24
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,698
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Quote:
Originally Posted by brewer12345
Hah! I bought gold ammunition. Top that.
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Scaramanga?
__________________
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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10-05-2014, 05:29 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Actually, I spent most of today with the beagle looking for rabbits. Didn't see many, but I did bag one of the few I saw.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-05-2014, 05:30 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Just because wages are on a downward slope, and have been for over five years, there is no need to have a depression.
Just because our government is printing money and going deeper in debt, along with the entire rest of the world, there is no need to have a depression.
Just because our income and wage disparity is the worst it has ever been, there is no need to have a depression.
Just because we have less purchasing power to buy homes, there is no need to have a depression.
Just because more and more seniors do not have enough money for retirement, there is no need to have a depression.
What are the odds of a depression?
It may or may not happen, but it is better to go with the results of the past 150 years, than what might be.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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10-05-2014, 05:34 PM
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#27
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,968
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Quote:
Originally Posted by brewer12345
Actually, I spent most of today with the beagle looking for rabbits. Didn't see many, but I did bag one of the few I saw.
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Jed Clampett?
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10-05-2014, 05:39 PM
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#28
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,715
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Quote:
Originally Posted by Senator
What are the odds of a depression?
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as far as I am concerned, the odds are 50/50...either we are going to have one or not. 
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10-05-2014, 05:43 PM
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#29
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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Quote:
Originally Posted by brewer12345
Hah! I bought gold ammunition. Top that.
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....shouldn't it have been SILVER  ...for the vampires and the zombies?? 
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10-05-2014, 05:52 PM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Golden sunsets
I must admit that I was discomforted after reading the following article and watching the video interview with Jim Rickards ….
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I wanted to ask you now that you have read all the responses, if you have changed your comfort level and if not, why not?
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10-05-2014, 05:57 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,321
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I think that the Ghostbuster said it best,
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, "biblical"?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria!
Yes it's going to be bad...
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10-05-2014, 06:02 PM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by razztazz
Jed Clampett?
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Not old enough yet.
I was in the same spot Friday night and saw at least 10 rabbits, but I was hung over from GABF the night before and armed with a squirrel gun, so I mostly missed (got one). Today I had the rabbit gun and the rabbit dog and saw very few (got one). Since this was on public land, any Texas Tea that might come bubbling up would not have been mine anyway.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-05-2014, 06:28 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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Quote:
Originally Posted by 6miths
I think that the Ghostbuster said it best,
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, "biblical"?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria!
Yes it's going to be bad... |
I beat you to that one already.
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10-05-2014, 06:33 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,321
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Lol you're right of course. I missed it!! Great minds?
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10-05-2014, 06:34 PM
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#35
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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He's been preaching the imminent end of the financial world for a very long time. He may or may not be right eventually but he's been very wrong so far and I have no intention of planning my finances and lifestyle around his speculations of financial armageddon.
I did read one of his books last year - it was a waste of good reading time.
__________________
Budgeting is a skill practised by people who are bad at politics.
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10-05-2014, 08:15 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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The great Harry Dent anyone? 
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10-05-2014, 08:26 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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Or Robert Pretcher Jr ....
It's kinda scary how much coverage these guys can get by pandering to fear and ignorance. 
__________________
Budgeting is a skill practised by people who are bad at politics.
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10-05-2014, 09:59 PM
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#38
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,211
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Quote:
Originally Posted by razztazz
Jed Clampett?
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Quote:
Originally Posted by brewer12345
Not old enough yet.
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Jethro?
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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10-05-2014, 10:05 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by rodi
Jethro?
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Eh, call me a suburban redneck.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-06-2014, 06:48 AM
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#40
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,522
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Quote:
Originally Posted by LOL!
I wanted to ask you now that you have read all the responses, if you have changed your comfort level and if not, why not?
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Hi LOL; I'm just reading them now. I'm taking comfort from the majority who have roundly trounced his prediction. I'm no one to overly react to things. On the one hand he does seem to have a lot of knowledge and is in some ways mainstream. OTOH, he was employed by the CIA, a group continually planning for Armageddon. I suppose someone needs to have their eye on our worst case scenario.
__________________
"Luck favors the prepared mind"
Pasteur
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