Specific Date of Collapse nominated

I have been hearing of the death if the Dollar for almost half a century. Everyone who made this prediction is now dead.
 
Well it's September 24th, and the world didn't end as predicted :rolleyes:

Now we can look forward to all these financial collapse predictions failing to materialize :D
 
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Has anyone taken up the offer for the updated Rickards Book?

There is a chapter on Australia. I've already passed the unrevised book on. Would anyone be able to provide the dot points for this new edition?

The New Case for Gold is essential reading for anyone who suspects we are now in a financial system too broken for central banks to fix…and that some kind of tipping point may be reached in 2018…

But this particular package is extremely timely for you, as an Australian.

You see, it comes with a never-before-published ‘missing AUSSIE chapter’.

( see dailyreckoning.com.au)
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I take the longer view of some of these calls people have made. I mean it's like knowing your steak is actually going to cook, but knowing the precise second you should take it off the heat is another thing..

Money printing in the USA in such huge quantities is kind of a new thing when some of those people started making their predictions, so I have some sympathy for them doing what they did.

The USA pays 460b odd in interest right now off of the outstanding bonds etc. This doesn't include the future spending increases or state debt.

This is at a 1% fed interest rate - imagine they went back to a 5 or 6% interest rate? States would go bankrupt, the fed would need to bail THEM out and then they'd be paying trillions in interest per year themselves, it wouldn't be long before they went down.

They cannot raise rates for any substantial time, but who knows? If the fed really does start dumping huge amounts of bonds - they are going to start slow - in a few years, then the bond market might blow up at that point and the dominoes will fall. It might even do it sooner - I'm not sure how precarious the US bond market really is.
 
Peter Schiff, Bill Holter, Jim Willie, Rob Kirby, Mike Maloney are some of the sharpest knives in the kitchen.

If it's too hot in the kitchen, then get out and go to your 'Safe space', because you are going to end up in the 'Outhouse' if you don't listen and take advice from them. _JOHNLGALT.
 
Don't know what I think about this, but potentially relevant for this thread

Joseph T. Salerno said:
The True Money Supply Is Flashing Red
  • peshut1.png
Jeffrey Peshut at RealForecasts.com has composed several very illuminating graphs based on the Rothbard-Salerno True Money Supply (TMS). In one graph Peshut shows the collapse of the growth rate of TMS beginning at the end of 2016, which was caused by the Fed beginning to raise the fed funds target rate at the end of the preceding year. What is of great interest is that the recent deceleration of monetary growth (the second red arrow) almost exactly matches in extent and rapidity the monetary deceleration (the first red arrow) that immediately preceded the financial crisis of 2007-2008.

RELATED: "Money-Supply Growth Near a Ten-Year Low As Lending Slows" by Ryan McMaken

The Fed recently reaffirmed its commitment to increasing the fed funds rate three more times in 2018 and has just begun its program of shrinking it balance sheet by a cumulative total of $450 billion by the end of 2018. Given these circumstances, I am inclined to agree with Peshut’s conclusion:

“it’s easy to see that the growth of TMS could grind to a halt and even begin to contract later this year.”

With equity prices heading back toward historic highs after the January “correction” and housing prices bubbling to an all time high in major markets, the suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust, followed by an economic recession for the U.S. economy. As Peshut’s graph below indicates the qualitative relationship between TMS growth, credit crisis, and recession has been remarkably clear since 1978. Of course, this empirical relationship should not surprise us, because it is nothing but an illustration of the Austrian theory of the business cycle.



peshut1.png



peshut3.png

Joseph Salerno is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.
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They're all right, except they're not.

If only the Fed/Markets/Draghi/IMF/BIS didn't keep confusing things.
 
Dear Stackers.

Firstly, I apologise for the short notice of this warning. I only just discovered this excellent research.

This will be the Rebecca Black of collapses as its Friday, Friday, gotta get down on Friday...

To save you a lot of reading, the key part of the scientific calculation is "So, when I simply multiply 18 months by 30 days equals 540 days then add that to January 26, 2017 and it comes to Friday 7/20/2018"

THAT IS THIS FRIDAY

https://www.silverdoctors.com/gold/...2018-part-i-the-calculation-and-significance/

Hit the supermarkets now, max out the credit cards, and fill the bathtub, as the time is short my friends.

...you can thank me later.....obviously via carrier pigeon as the internet will be gone.
 
Ipv6Ready said:
It’s actually few days later, since scientifically it is 30.4368499 days per month
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Well have you re-calculated with the exact date?

The timing is very important for my...

Last Minute Checklist:

1. Empty all accounts at ATM
2. Set pets free
3. Swallow all one ounce gold buttons
4. Tell boss what I really think
5. Get kids to eat last meal of ice cream ever
 
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