1st March potential financial collapse? Interesting video, IMO

One day we will separate inflationary hedgers and investment diversification from the conspiracy nutters.

when that day comes, I will get much less laughter and snickering from non stackers when I try and educate them
 
southerncross said:
[youtube]http://www.youtube.com/watch?v=SIaFtAKnqBU[/youtube]
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rather than risk being fleeced, it is recommended that investors seek professional advice.

[youtube]http://www.youtube.com/watch?v=hHFFx5720_M[/youtube]
 
Mjduzane said:
stellaconcepts said:
What's this march 1 thing he's taking about?
Click to expand...

this http://www.washingtonpost.com/busin...727de8-7aba-11e2-9c27-fdd594ea6286_story.html
Click to expand...

Another "automatic trigger" US government financial drama? I guess they can't call it the Fiscal Cliff, that name's already taken. Is this the the Fiscal Asteroid or the Fiscal Runaway Global Warming or the Fiscal "my nipple popped out during the Superbowl performance" or the Fiscal Nascar pileup? I have lost track.
 
Jonesy said:
Mjduzane said:
stellaconcepts said:
What's this march 1 thing he's taking about?
Click to expand...

this http://www.washingtonpost.com/busin...727de8-7aba-11e2-9c27-fdd594ea6286_story.html
Click to expand...

Another "automatic trigger" US government financial drama? I guess they can't call it the Fiscal Cliff, that name's already taken. Is this the the Fiscal Asteroid or the Fiscal Runaway Global Warming or the Fiscal "my nipple popped out during the Superbowl performance" or the Fiscal Nascar pileup? I have lost track.
Click to expand...

Yup that's what it is.. Supposedly there was some "supercomittee" formed in 2011 that was supposed to figure out more rational ways to cut government spending by Jan 1. well that never happened because the government agreed to put the "sequester" off for 3 months as apart of the fiscal cliff deal. So now they have until march 1 to come to an agreement. Then after that is all over with, the next problem is going to be march 27 when the legislation funding the federal government expires and finally (i might be missing something) after that is over with we have the debt ceiling again... The government agreed to suspend the debt ceiling for 3 months. All of this is just complete bullshit that's going to take it's toll on the economy. I hope obama goes down as the worst president in history because of everything that has happened since he took office. On the bright side it could very well be positive for PMs
 
I think it will rather be a gradual step-by-step process... Erosion and smaller crashes. Politicians are making things smoother. It would be very risky if they let it go just like that...

There is no recovery. Obvious. Crash will happen, unavoidable.

But it will be gradual...

Like...

1.euro crash
2.PIGS countries socio-economic turmoil
3.petrodollar system demise
4.US dollar crash
5.Chinese economy decline... perhaps recession even (but still a bit far away from that)
6.petrol crisis: depletion of oil
7.increase of food prices, famine
...etc.

part of these are causes, others are consequences. These and many more will eventually happen. One by one.

I don't believe in 1 single crash.
 
Almost as overdramatic as an episode of My Kitchen Rules

[youtube]http://www.youtube.com/watch?v=N3q5NyxI8nk[/youtube]
 
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