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Predictions of an imminent 25 year depression
10-05-2014, 11:19 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
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Predictions of an imminent 25 year depression
I must admit that I was discomforted after reading the following article and watching the video interview with Jim Rickards, who some would claim has serious credentials to make such claims. In a nutshell, according to him, financial collapse is imminent. Do others on this forum feel that his predictions are alarmist or are they prescient?
CIA Insider Warns: '25-Year Great Depression is About to Strike America'
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10-05-2014, 11:27 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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I hear this guy is a freemason and also a secret knight of Templar, and furthermore is a boglehead.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-05-2014, 11:39 AM
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#3
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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: 50,004
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Quote:
Originally Posted by Golden sunsets
I must admit that I was discomforted after reading the following article...
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Solution: stop reading that crap.
__________________
Numbers is hard
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10-05-2014, 11:41 AM
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#4
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,586
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I think Mr. HaHa is being polite.
fify
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10-05-2014, 11:45 AM
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#5
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 233
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I fast forwarded to the end of the video...
And I was shocked to find they were attempting to sell a product
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10-05-2014, 11:47 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,686
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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, who some would claim has serious credentials to make such claims. In a nutshell, according to him, financial collapse is imminent. Do others on this forum feel that his predictions are alarmist or are they...
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I try to find out a bit more about the publishing Web site. If you go to the about us page, and glance at the pop-up, you see the vested interest that the site has in trying to alarm you.
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10-05-2014, 11:48 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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The absolute last part of the article should put this in perspective: "Order his book now..."
I'm a little peeved that I spent two minutes reading this crap before seeing the "buy his book now!"
Maybe I can save the forum participants some time...
Sent from my mobile device so please excuse grammatical errors.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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10-05-2014, 01:16 PM
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#8
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Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
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Executive Summary: Buy my book!
Synopsis:
- Debt dooms us. DOOOOOM!
- Misery Index rises
- Instantaneous 70% stock market drop. Nobody sees it coming (except the author)
- Fall of the dollar as the global currency reserve
- Terrorists do something terrible
- Buy my book
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10-05-2014, 02:22 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,653
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We're all gonna die!!
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10-05-2014, 02:24 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
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The sky is falling!
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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10-05-2014, 02:36 PM
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#11
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Why worry, we are all going to get Ebola and won't survive
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10-05-2014, 03:01 PM
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#12
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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 pb4uski
The sky is falling!
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Fire and brimstone coming down from the sky! Rivers and seas boiling! Forty years of darkness! Earthquakes...volcanoes. The dead rising from the grave. Human sacrifice..dogs and cats living together....mass hysteria. Yeah the guy might be right.
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10-05-2014, 03:11 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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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, who some would claim has serious credentials to make such claims....
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I don't think anybody has the "serious credentials" to make such a claim.
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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10-05-2014, 03:36 PM
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#14
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Recycles dryer sheets
Join Date: Feb 2013
Location: Morton
Posts: 56
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It seems that in my lifetime about once a decade someone comes out of the woodwork & claims imminent collapse and somehow works gold into the narrative. I was thinking the other day that perhaps I'd write a book of doom and gloom and working gold into it somehow.
To find out now that this has been done recently by someone else saddens me as this decade is now taken. I now can not write a doom and gloom economics book now that is sprinkled with gold dust. Another lost opportunity for me .
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10-05-2014, 04:02 PM
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#15
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Dryer sheet aficionado
Join Date: Apr 2013
Location: Happy Place
Posts: 49
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If I had his 'credentials' including such future insight, I would not bother with the hard work of book writing. Cruising the billionaire circuit anonymously would be way too much fun.
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10-05-2014, 04:03 PM
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#16
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,300
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Save yourself! Buy the book! It is your only hope!
Not.
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When I was a kid I wanted to be older. This is not what I expected.
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10-05-2014, 04:08 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Reminds me of the guy that ran radio ads for the entire year of 2013 pretty much along the same lines. When the 'evil date' came and went, they played the EXACT SAME AD except they changed the year to 2015. I have to assume enough idiots bought into it for him to finance another 6 months is commercials. Thankfully, I haven't heard them as of late.
Sent from my mobile device so please excuse grammatical errors.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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10-05-2014, 04:26 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Bonita (San Diego)
Posts: 1,795
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I sold all my stock and bought gold and ammunition. Suckers!!
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"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
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10-05-2014, 05:00 PM
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#19
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Recycles dryer sheets
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 356
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I've marked the date (April 5, 2015) on my calendar just in case I need to panic. It is only 7 months from now....
On April 5, 2015 I will be very happy because another winter will be almost ending over here in the Northeast......
SO if I don't die from the Ebola "epidemic" (consisting of ONE person) in the US, I'll be thinking about planting the garden.....
Remember the Mayan calendar scare, the Fiscal Cliff nonsense, Y2K- end of the world.....and last but not least ( be sure to shriek this and jump up and down at the same time): GOLD will be $5000 per oz by 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAGGHHHHHHHH!!!!!!!!!!!!!!!!!!!!!
Yawn.
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10-05-2014, 05:07 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,764
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Are all of you practicing to be on CNBC?
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