written by reader Travis what is your take on this Day of Reckoning message that seems to be popping up all over?

By backoffice, May 19, 2016

They’ve even given a date 5-28-16 that it will happen.James Dale Davidson is selling a newsletter on how to prosper from the collapse of the dollar and what stocks to buy along with gold and ETF’s on the demise of the dollar. Is any of this possible and are their any moves to make? thank you.

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SoGiAm
4 years ago

Author: hendrixnuzzles Comment: http://www.stockgumshoe.com/2016/03/microblog-golds-next-bull-run-what-to-buy/comment-page-5/#comment-4807493

Will think of starting a new thread soon, this has been a really great couple of months and I am so excited by the many positive contributions from all of you. (Including Alan Pennock!)

What I would like is to hang out on this thread until we get a major drilling announcement from Mariana Resource or Sandstorm Gold, they have promised one THIS MONTH and we have good news to be expected from Hot Maden, Dona Ines, or maybe even both of them ! That will be a fitting exclamation point to the first edition of the thread !

Special call-out to frahman who has found some really timely and helpful video links and JB who got the ball rolling with the right assumption about the gold bull market, and the right question : WHAT TO BUY ? Thank you HenrixNuzzles – Jammin’

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Travis Johnson, Stock Gumshoe

Haven’t seen that one, so I’m not sure what exactly he’s afraid of… but these kinds of ads tend to be both extremely compelling and annoyingly “refreshable” as the predictions they make roll off to future months while they update their ads — if the world is still intact on May 28, presumably he’ll have a new ad out that predicts the same calamity for October 15th (Just making dates up here).

Usually the predictions of a “date certain” on which the world will begin to collapse revolve around Federal Reserve announcements, particularly when there’s an expected rate hike… we saw those kinds of predictions from several newsletter pundits over the past year, predicting calamity and chaos that will begin as soon as interest rates begin to rise. I don’t know what Davidson’s date means, haven’t checked on it.

There is reason to be worried about monetary instability in the world, and about the fact that the US$ has been the one real refuge for global capital, because that money could slip back to other currencies as fortunes wax and wane for other economies. Most of us are not foreign exchange traders, but have to live in a currency — pay our bills, buy things, earn a wage. I recommend diversifying out of just holding dollars or dollar-denominated debt, but if we’re going to face a real currency crisis I expect the strongest long-term refuge will continue to be dominant companies who produce needed and wanted goods and services and don’t have to rely on financial engineering or large amounts of debt to fund their operations. Speculating on gold and real estate is fun, particularly if you don’t have to use a lot of debt to do that, but the values can fluctuate wildly — there’s more safety, I think, in owning pieces of great companies that you believe can manage their future well regardless of where foreign exchange rates or currency values go… many of them have been through horrific inflation or deflation and survived.

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Harold Hansen
4 years ago

What would you buy to make money on the economic collapse?
I would think if you could follow that slime ball
“Soros,” you might make a buck or two.
He’s certainly got experience in making his own
Markets!

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SoGiAm
4 years ago
Reply to  Harold Hansen

George Soros Is Betting Big Against Stocks http://www.uncommonwisdomdaily.com/george-soros-is-betting-big-against-stocks-22809

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investor101
4 years ago
Reply to  SoGiAm

I know and that is scary to me. He really makes me think of evil every time I see a picture of him. I am not qualified to make this statement, but just wonder if our powers that be watch his every move knowing what he is capable of doing and playing chess with him. I would think they would watch him closely and counterplay, what do you think?

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arch1
4 years ago
Reply to  investor101

Ditto. Power corrupts, Absolute power etc…….. Money = Power. Esp. in the wrong hands.

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molavi
molavi
3 years ago

I am new here and have seen this ad before and just got a new email from him predicting that it will happen this year. Is he really as reputable as he claims he is about his association with the former presidents and other leaders? Is it possible that IMF members will have the power to vote to replace the dollar with a new international currency eventually? Will its impact be as apocalyptic as he suggests?

Travis Johnson, Stock Gumshoe
Reply to  molavi

The US has effective veto power over big changes to the SDR, and the IMF has far less power over large economies than people fear.

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