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written by reader Great Betrayal of 2012

By peter3, March 28, 2012

Hi 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

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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jdallred
Member
March 28, 2012 4:29 pm

I do not know what can stop this event from happening.

Homer Sympson
Guest
Homer Sympson
March 28, 2012 8:11 pm
Reply to  jdallred

The fact that the odds of this happening are one in a bazillion?

David Clumpner
David Clumpner
March 30, 2012 11:01 pm
Reply to  Homer Sympson

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

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Jim
Guest
Jim
June 25, 2012 12:13 am
Reply to  Homer Sympson

http://USDebtclock.org ( Everything you need to know about why the odds are not one in a bizillion. )

Sheila
Guest
Sheila
May 17, 2012 2:57 pm

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.

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David Clumpner (archivesDave)
David Clumpner (archivesDave)
June 1, 2012 5:50 pm

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!

flyboy48
June 21, 2012 11:41 am

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 America news releases there is a ground level upswelling to throw the Chinese a Roger Clemmons curve ball.

All of our crystal balls are saying very similar things, get ahead of the Chinese and stay there. There are a number of places and ways to do it, Number 1 is in November get “The Amateur” out of the White House.

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aoibhneas
June 21, 2012 1:38 pm

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 and besides algore and his minions are against it And it is ok for Chinese to drill for oil in Florida straits and Urkel gave Brazil a $1 billion loan to also drill off Florida. Of course the fact that Soros has major investments in Petrobas has nothing to do with that.
Latest lie I was told today was that Obama had claimed when he took office that it would take eight years to straighten out the evil/stupid Chimp Bushitler mess. Of course we all know that Barney Franks, Chris Dodd and Obama himself were totally innocent in the Housing mess. And Congress has nothing to do with expenditures. Funny how last budget submitted got ZERO votes for, but must be intransigence of GOP? Perhaps there will be a buying opportunity if somehow the lamestream media starts actually covering things like the stonewalling over fast and furious or all the leaked secrets. Most transparent and honest administration of all time or Tricky Dick redux?

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Debra Hamidian
Guest
Debra Hamidian
June 24, 2012 6:28 pm
Reply to  aoibhneas

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 from China. The Dogs are getting seriously ill from it. Dogs? What about what we are being fed and why is it happening. Maybe the greed of powerful billionaires negotiating with China. I haven’t seen the clothes getting cheaper because they buy the blouse for .08 cents now to see to us. I haven’t seen the hospital bill lowered because of tort reform. We get less and less as a consumer and pay more and more. We are going to blame all this on one administration. Since 2009?

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R.Hall
R.Hall
June 21, 2012 3:15 pm

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 .

Debra Hamidian
Guest
Debra Hamidian
June 24, 2012 6:14 pm

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.

Dee G.
Guest
Dee G.
June 25, 2012 11:48 am

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 prepared to take a hit tax wise to right these mistakes made to spend without thought. We need fresh blood in office (all around, I’m not pointing to a specific person, all are at fault here). We need to impost tariffs equal to Chinese tariffs to even the trade deficit. Reciprocate tariffs to all countries that do it and it will help. Buy American as much as possible. Bring jobs back to America.
To use fear to garner your membership is not honest and I hope people do not fall for it so that this guy doesn’t richer from FEAR this generates. Believe me, I was tempted after I listed to the whole thing, but I pondered it and the fear came down I realized that we the people, can overcome many things – i.e. great depression now recession unending with inflation (of course). Cycles are cycles and I’ve seen them, but not this amount of spending without recovery. We are strong as a nation. There are opportunities in either scenario and it is all a learning process. Gumshoe will give us his take on this sometime soon so don’t give into the fear of this “Great Betrayal of 2012.” Smart investing everyone!

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Roger
Roger
June 25, 2012 4:26 pm

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.

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qubainla
August 11, 2012 10:08 pm

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 on those vehicles and if such a collapse where to happen at least the readers will benefit. I do believe in America but I also notice and see how far the Chinese have come and where they are pushing to go.

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Dave
Member
October 12, 2012 7:52 pm

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

Dave
Member
October 12, 2012 7:58 pm

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 .

benthicooze
benthicooze
October 18, 2012 10:42 pm

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 is now in the atmosphere. As warming progresses those deposits will be released. The further that progresses the less likely there will be any way to reverse the devastation that full blown climate warming will cause. This is not a fairy tale. Companies that have a vested interests in fossil fuels are protecting their asse(t)s. Political radar does not extend much beyond getting elected. Who is responsible for making sure that we are prepared to face significant climate change? Those who don’t think climate changes occur are ignorant or delusional. Great civilizations have risen and fallen apart many times. Our advances in technology do not give us immunity against suffering a similar fate and may make us even more vulnerable. The fable about the grasshopper and the ants may be an appropriate epitaph for our civilization if we don’t start planning much further down the road than the next gas station.

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