newsmax put this out, is it time to start digging a hole?

By backoffice, March 27, 2016

URGENT WARNING:
The Coming Financial Crisis May Cause
a 90% Stock Market Drop And
50% Unemployment . . .
Learn How To Protect Your Wealth, Your Job, And Your Family.
Travis, I’m becoming tired of all these doomsayers. If the above were to happen is it safe to say there would be really no place to put and protect your money?

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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arch1Gustavo WhyteTravis Johnson, Stock Gumshoemodernrockjerfryman Recent comment authors

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jerfryman
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jerfryman

I believe that if we make marijuana legal to buy !!!! its every were only the government think its hard to find really. lets make it like buying cigarettes an beer if we do that the gangs cant make the money to buy guns or other drugs last year the tax on marijuana was around 14 billion an this year they think it hit 40 billion save usa an buy marijuana stock that is the best bet for your money thank you for reading my comment

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Travis Johnson, Stock Gumshoe
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I don’t disagree on the “legalize, tax and regulate” point, but those numbers seem really high. Colorado is now at about $1 billion in sales for marijuana for 2015, I think, and the tax totals about 13%. Don’t know what other states are at in terms of tax revenue from medical or recreational marijuana, but total national numbers I’ve seen are estimates in the $6-$10 billion range for 2016 (that’s sales, not taxes).

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arch1
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I think you have it about right.

modernrock
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food, water, gold, silver, guns and ammo for the apocalypse

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Travis Johnson, Stock Gumshoe
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The doomsayers are ever-present, and when there’s a substantial amount of unease about the direction of the country or the economy (2007, 2008-9, 2011), they get louder and more heavily marketed because people are primed to listen to prophets of doom. That doesn’t mean all is peachy keen… but we’re in an unusually virulent election year, there have been a few terrorist attacks, and everything is magnified and people are inclined to believe the most strident attention-whoring screams from extremists on both sides of the aisle… it’s not the kind of environment where pitching your newsletter with a “hey, let’s… Read more »

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Gustavo Whyte
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Gustavo Whyte

Your response is very helpful. I’m a service connected disabled Veteran on a fixed income. I own an apartment in a Mitchell Lama Co op in NY. No savings, $10K in debt, with a 17 year old entering college in September. He is an Honor Student -Athlete, will go to a state school with the maximum financial aid he is entitled to + $10K Veterans benefits. I’m from Panama; because of the bitter winter we experienced last year, I decided to go back to work (Massage Therapist) & save $20K to $30k in the next 2 yrs. for a Down… Read more »

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