Preppers’ PING!
Good times a coming!!
Just remember to stand in the soup line with the rest of the sheep, or inquiring minds might wonder why you didn’t showup and send some of the lads around to check things out.
So I checked him out on Wikipedia (yeah, I know it's a left of center site).
Anyway, from Wikipedia:
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(snip) In 1999, Japanese fraud investigators determined that Armstrong had been collecting money from Japanese investors, improperly “commingling” these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading.
(snip)
Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over a number of gold bars, computers, and antiquities that had been bought with the fund's money
(snip)
He pleaded guilty and was sentenced to five more years in prison.
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So maybe this guy is a financial genius. But he is also a criminal who specialized in fraud.
The Left (and that includes RINOs) thrive on chaos, so it would make sense if they throw us into chaos near election time. Create a scenario, then offer to be Savior, riding to the rescue. History shows that this is what Leftist dictators, and dictator wannabes, do over and over again. It mostly depends upon what the unseen hands, the puppetmasters, want. The same hands that threatened worldwide collapse (conveniently) at the end of Dubya's run.
If ya think that was a coincidence, meet me at Lake Havasu, I've got a nice old bridge to sell ya.
That said, things don't always work out the way the unseen hands want it. We can hope that there are righteous hands that don't like their crap, and will throw a wrench into their gears.
If you're a praying person, it's a good idea to put that in your prayers.
I would love to see the DJIA crash down to about, say, 3800 (as Harry Dent predicts it will) around late Sept. to late Oct. It would be a dream come true for me.
I think he is wrong about any US market volatility, for the simple reason that the US markets have been successfully manipulated to maintain artificial stability for some years now. No reason for that to stop now.
What we think of as “the markets” are just limited indicators of select groups of stocks. But these market indicators are so powerful, they push the entire markets around.
So imagine if you have a few billion dollars, which, importantly, you could use to buy or sell these indicator stocks, *invisibly* to the market. That is, nobody could track *your* buys or sells.
You could make the market do anything you wanted. If the market wanted to sell, you buy enough to neutralize it, and visa versa.
Once the investors realize that there is very little volatility in the market, unless they are buying share for the dividends, for the long haul, they have no reason to buy or sell what they own.
So, what happens is what has been happening for a while now: market volume is tiny. Nobody is buying and nobody is selling, compared to when the market was operating without wholesale manipulation.
But this also means there will be no market crash. And if there is no market crash, how will the public know that the economy has gone stinker? They can see inflation in the stores, but that is about it.
in 2008 the big crack up in the fall was preceded by some small crack ups in the spring.
so far this year we’ve had corzine’s company lose 1 billion and jpmorgan lose 3 billion.
if the pattern holds true to form there will be some bigger wall st losses in the fall.
in 2008 the big crack up in the fall was preceded by some small crack ups in the spring.
so far this year we’ve had corzine’s company lose 1 billion and jpmorgan lose 3 billion.
if the pattern holds true to form there will be some bigger wall st losses in the fall.
VERY interesting comments at the end of the article at the link.
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