written by reader financial collapse

By Anonymous Questions, October 28, 2015

hi, Just found your site poking around for an answer to stansberry best investment. thanks.

do you think all the gloom and doom about the collapse of the us/world financial system is true — US trillions in debt, deflation, and so on.

thanks,

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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E2DR HillSoGiAmjp10558Patricia Recent comment authors

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jp10558
Irregular
👍14
jp10558

I’m a new member, and far from any sort of expert on investing. That said, here’s my opinion. I like Stansberry’s newsletters. They’re interesting, and seem to often get macro trends right, and are believable to me. Their stock picks, like everyone newsletter, are not so great. Their own reviews at the end of the year point out many products only rate a B, and they regularly have some that flat out get an F for the year. This is their own rating. Have you read any of the paid Stansberry products? Their teasers really oversell the “End of America”… Read More »

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Travis Johnson, Stock Gumshoe
Admin
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Well put, jp — welcome aboard!

philly3367
Irregular
👍5
philly3367

Wow. I agree. I watch gloom and doom type of emails and it has been driving me crazy for a couple of years. Thank you for your input. I needed your perspective.

Fernando Macias
Guest
Fernando Macias

People, you just don’t get it. The next economic collapse will send the world into the dark ages. Just as soon as the government stops paying social security checks people are going to start rioting in the streets and militias are going to grab their guns and much of what is happening in the middle east is going to be happening here in the U.S.. I know we all would like to think things are going to go on forever, but they are not.

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Travis Johnson, Stock Gumshoe
Admin
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So when will this next collapse come? Social Security checks are easy, by the way — a government that prints its own money and borrows in its own currency can always send out money. The money might be worth a bit less in real terms each year as time goes on, as it has been most years for the past 40+ years, but the checks will keep coming. There is a wide gulf between “this can’t go on like this forever” and “the United States will collapse into anarchy next year” (or even in three years, or whatever your prediction… Read More »

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DR Hill
Guest
DR Hill

So true, my brother has nothing to do but listen and read this type of negative stuff. These subscribers should understand, it is all about MONEY from subscribers. You make a prediction and it happens, BANG, millions of pre-negative people jump to hear more negative news. If one listens to the news everyday for a few hours, he or she will become negative and believe, CHICKEN LITTLE!!!!

Fernando Macias
Guest
Fernando Macias

I’m not saying what I’ve said relying on my own predictions. People like Paul Craig Roberts, James Rickards, Ron Paul, Gerald Celante, and most notably Catherine Austin Fitts, have all predicted an immanent collapse of the economy. We are in an unsustainable path that will lead to a crash. All of the charts and present graphs show as even Mr. Donaldson shows that the present condition is very similar to the 1929 crash. All it’s going to take is an adverse reaction to the Feds raising of interest rates, a housing bubble, or any number of bubbles, more gambling of… Read More »

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Travis Johnson, Stock Gumshoe
Admin
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I agree on the “unsustainable path” — the same “unsustainable path” we’ve been on since debt at both the government and individual level started ballooning in the 1980s. I think the “will lead to a crash” or “imminent collapse of the economy” is an assumption based on reasonable-sounding logic, but far from a certainty. Predicting huge events gets you attention and/or subscribers or customers, which means anyone who’s uneasy about the economy and profits either from attention or from selling information is incentivized to talk most about the most extreme outcome they can imagine. That’s not to say they’re definitely… Read More »

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DR Hill
Guest
DR Hill

YES, you listen to terrible people like RON PAUL. Look at this man, he looks like the product from his mouth. Listen to men such as, the late Sir John Templeton, he never claimed a depression would not occur, but the percentages of it happening. Read the books he wrote and you will understand.

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Fernando Macias
Guest
Fernando Macias

Well I agree with you. What does the Bible say also? “And just as it happened in the days of Noah, so it will be also in the days of the Son of Man: 27they were eating, they were drinking, they were marrying, they were being given in marriage, until the day that Noah entered the ark, and the flood came and destroyed them all. 28″It was the same as happened in the days of Lot: they were eating, they were drinking, they were buying, they were selling, they were planting, they were building; I live my life as there… Read More »

Patricia
Member
👍689

Fernando, I can remember hearing that the world was about to end ever since I was a child in the ’50s. But I’ve never seen that those who believe in Biblical prophecy regarding “end of days” have any clear basis for predicting when. On the other hand, I agree with your point that people have always neglected or mocked the possibility of disaster and most of them tend to not be prepared. I finally realized the solution is to be reasonably prepared, then relax and enjoy your life. In fact only IF you are prepared can you really do that,… Read More »

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DR Hill
Guest
DR Hill

If you believe the Bible, you would not be screaming negative crap. Those who truly know Jesus will not be harmed.

SoGiAm
Member
👍11401

The walking dead! Europe’s mega-banks have just warned that they will continue to struggle for years: Deutsche Bank co-CEO John Cryan said yesterday that the bank will be shedding workers and closing offices for at least two years … Credit Suisse Group’s CEO Tidjane Thiam has issued the same warning recently … Barclays has already been forced to cut its guidance for 2016, and … Both Royal Bank of Scotland and UBS Group AG are also cutting costs and shrinking their operations to cope with plunging revenues. Much of the pain is self-imposed: Due to misconduct that led to the… Read More »

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jp10558
Irregular
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jp10558

This is exactly why I think the US economy is far from ready to collapse anytime soon. It’s because our 2 biggest economic rivals, the Eurozone and China, are stumbling now, while we’re continuing to slog through a recovery having taken measures to get out from the 2008 bottom much earlier. It’s not a zero sum world, but it sure doesn’t hurt to get lots of investment moved from our rivals to here. I do think the biggest threat to the US economy are the securitization of loans that spreads exposure to loan defaults far and wide, in many places… Read More »

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SoGiAm
Member
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Shooting fish-in-a-barrel has never been easier… A major rebound rally is happening right now. In fact, I wouldn’t be surprised to see the S&P 500 at 2,200 by the end of the year. But please heed this warning… not ALL stocks are going to profit from this rally. Some are stuck in place… some are slowly gaining… while others are over-achieving and breaking away from the pack raking in fat profits for investors along the way. Bottom Line: You can make more money in this powerful rebound rally, much quicker by getting in the right stocks at the right time.… Read More »

DR Hill
Guest
DR Hill

I have noted since early ’70s crash of market, down to approx. 600 Dow and gas line blocks. There was not enough oil to continue for decades. Unlimited books on collapse of America and why to buy gold. Carter admin., again, America would fall, 1987, collapse, early 90’s when the insurance companies and S & L’ began to fail. I know there are times, things look like it is the end. If America fails, you can be certain other countries would fail, especially China and if China fails,…..well forget it. There is something which could cause a world collapse and… Read More »

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E2
Guest

Well said by all … So what’s the answer prior to a up tic in interests rates… We saw this same sceniro in 2008 elections 2 months prior ….

e2 formula 15 % formula for the up and coming disaster …. hard assets, commodities ( copper to gas to sugar wheat ) , off shore accounts Un reachable the the US gov, southeast Asian, BRIC, junior gold miners, medical REITS USA , Defense Contractors and Cash Currency (10 % dollars n 1 % Russia, China, India ,Australia and Swiss

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E2
Guest

Welcome all comments critics and rants … Just say why n what you might do!! E2