Great Betrayal of 2012Hi Travis and everybody,
Have you all read the report from Larry Edelson about the future crash of the US dollar and the American way of life and the coming poverty hurting every US citizen? Would love to get your comments. If he is right aren´t you also scared?
Peter
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I do not know what can stop this event from happening.
The fact that the odds of this happening are one in a bazillion?
Homer Sympson:
‘Bazillion’ Huh?….How about a further explanation of your odds hypothesis.
Seems there is a considerable more likelihood of this occurrence than that.
Even a broken clock, (Harry Dent), is correct once in awhile if one is patient long enough: I’d wager Edelson’s prognostications over Harry’s any day (or night)…. lol.
David
http://USDebtclock.org ( Everything you need to know about why the odds are not one in a bizillion. )
I am also interested in gumshoe’s take on the Edelson prediction about the crash of the dollar and the investments we need to be in to weather the storm. It makes sense that the natural resource stocks would do well in any event simply because of the purchasing power of China and it’s current consumption of natural resources.
Weeelll, Here we are in June 2012 and it’s certainly beginning to look like Edelson
(along w/ Jim Rogers), has his ear attuned keenly to the ground.
However, I still think “broken clock Harry” deserves some serious gumshoeing (Travis?)…
His long standing prediction of a strong dollar is certainly taking hold but his timing is
way off per usual.
I note he’s now extended his ‘calamitous prognosis’ out a few more years…lol!…louder!
Well as far as the say about a broken or stopped clock, “Even a stopped clock is right twice a day”. As far as the dire predictions about China and America, there is enough evidence that the Chinese can not be trusted, they have proven that over and over. Since when did the Himalayas belong to the Chinese. I believe that the Chinese have had a plan to cripple the US for over twenty years, and little by little, they have been closing the noose; however, with the advent of Shale oil and Gas, as well as ABC’s Made in… Read more »
You’re correct about getting someone friendlier to fossil fuels in there, but you’ve probably opened a Pandora’s box by commenting here on the anointed one. Racist! People where I live still blame Bush and the natiional polls agree. Can’t believe a plurality somehow think things are better since Obama was inaugurated. And that with a 39% drop in net worth in the past three years. My own rather modest development has seen real estate prices swoon by 70% so far. Twenty years ago we heard it would take 10 years or whatever to develop certain fossil resources, so why bother… Read more »
I am totally fed up with both parties not working together. They have split this country in half and if we fall; it’s because we are not united. Why, because of the governments manipulations, promoting political divisions like we are at a football game, media commentators, lack of news, tax cuts during wars, and overspending by citizens in general, Edelson is not political; he’s a liar, I’m not saying it won’t happen. I’m saying he’s politcal! Why wasn’t anyone worried in the 80s when Reagan spent too much and why isn’t it mentioned here, Why are we being feed food… Read more »
Betting that climate change is not happening is like playing Russian Roulette for a 100 grand,win and you are a little richer, lose and you lose everything. Drought across the Midwest and Southeast could mean the end for many farmers, and: NO FARMS,NO FOOD .
I was hooked into his story and found it very believeable. Then, I started hearing the accents and voices of the ones that validates his claims. That burst the bubble for me. How fake are those accents? Enough that I am on this site and many others to opinions about his claims.
I’m waiting to hear from Stock Gumshoe on this one, please! As always, the pitch on this one is fear driven, based on some true things and some embelleshment along the way. But hey, for $89 you can get all these e-books and 1 year sub to Real Wealth by Larry Edelson that will fix you up just fine. Hmmm. Sounds like many other pitches I’ve heard and I can research my own natural resources or read about them here on how to utilize the falling value of the dollar! Our govt needs to curtail spending, we have to be… Read more »
In the latest Bloomberg, (which i started getting for free for some reason), they are running a story of companies returning to the United States, from China. Sort of like the stories we saw of companies returning from Mexico. Now if “our” government would encourage companies to stay rather than reward them if they leave, we might see progress.
what I would like to see from Travis is the following: assume the stories of inflation, dollar value drop and gold price increasing higher than today are all true. What is his specific research and experience would be good investments to get into which would benefit from the Euro collapsing, US $ price falling further and inflation soaring? I have seen some names being proposed by Lombardi like ABX, GG, QQQ amongst others. Travis would you please give your views on what investment vehicles would benefit from the foregoing? this way we could then review or perhaps place some bets… Read more »
I hear Gov talk about saving money.I never hear about having LESS gov.
They cut spending by not increasing the budjet. They allways cut the guy-girls
doing the work. They rarely cut administratoin. We are doomed to self interest
The Dollar must fall if you ptint more and do not back it up with assetts. I think he is right.
Timing may not be. We have to look after ourselves because gov,bankers,and wallstreet will not care when things get realy bad .
The hidden costs of fossil fuels are, as usual, being swept under the carpet, just as the cost of dealing with nuclear waste and phased out plants. Green energy technologies are already cheaper than fossil fuels when the impact of pollution on our health, habitat destruction, fouling of precious fresh water resources and a litany of other negative impacts are factored into the comparison. Positive climate feedback triggers that accelerate climate warming are coming into play. Mother Nature has squirreled vast deposits of methane and carbon dioxide beneath permafrost and on ocean floors thousand of times more greenhouse gas than… Read more »