The timing is only different, he says, because “banks these days are much bigger than they were in 1929.” In the 20’s institutions were reliant on client money to lead their bailout attempts. Today Central Banks have the ability to call on future, often overstated, tax revenues and are unencumbered by anything such as a gold standard when attempting to ward off the human desire to hide under the covers, financially speaking.
Henry S. Dent has a pretty good track record of foretelling what will happen. Nobody can predict when it will happen just what is going to happen and so far, the next crash is taking longer because of Fed stimulus.
He recommends get out of stocks, commodities and get into cash and U.S Treasuries. He is not a gold bug though. He thinks it is a commodity and will get pull down with all other commodities.
-Started physical silver collection (coins, bars)
-Paper silver / gold market unsafe
-U.S dollar devaluation / Fed printing money
-Hyper inflation
-2012 Year of the Dragon 1/2 oz coin - Royal Canadian Mint
-Bearish on NASDAQ for 2012
Great video of economist John Mauldin talk about where America is going with all this debt being created in the name of economic recovery. John Mauldin has been a guest on Yahoo Finance, Reuters and other financial news network before discussing his views on the U.S and other economies.
After watching this video or his presentation you will see just how grave the economic situation is in the United States.
This video was uploaded by NDTV on Dec.22, 2011
Looking at M2, the Federal Reserve is printing more in secret and injecting it in the stock markets, keeping it inflated…preventing it from collapsing, but it will happen.
The fact that today is 2 days to Christmas and there have been a very dismal market move upwards, I think this sets up a bad tone for the markets going into the first quarter of next year.
The market strength is just not there and using technical analysis looking both the DOW and Nasdaq charts it seems the the DJIA is going sideways and the Nasdaq is starting to trend down. Both the DOW and Nasdaq shows declining volumes as well.
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How Wall Street take excessive risk, fails then makes individual investors pay for it (lose their money). MF Global really screwed a lot of people.
Gerald Celente describes it better. Have a look at this video, he describes how all the Wall Street ex-Goldman Sach’s gang are treated like royalty while they steal from everyone.
U.S citizens should wake up to the fact that America is no longer a democracy, it is a country that only favors the rich and who they know.
People will not consume, buy goods until they can afford to. The debt load is so high for the majority of the world’s population so demands for goods and services will slow for the next little while, until people have pay off most of their debt or declare bankruptcy. One thing they won’t be doing is invest, what money do they have left over after food, mortgage/rent and petrol/gasoline. Look for slowing economy in the coming years.
All U.S stock market indexes took roughly a 3.5% haircut today. Question is this, “Is it down from here?” and “Is there going to be a santa claus rally this year?”
The answer to both of these question is who knows, anybody’s guess. The stock market now a days have pretty much been manipulated by the U.S Government and Federal Exchange who pump borrowed /printed money into the markets to inflate them.
The charges against Mr. Gupta will show that Gupta was the insider a member of financial establishment. If the charges are proven, it would be the worst kind of corporate betrayal for Goldman Sachs.
Mr. Gupta was named as Mr. Rajaratnam’s co-conspirator , unlike Mr. Rajaratnam and other insider traders, Mr. Gupta has been caught on tape discussing the alleged wrongdoing add the fact that he bought into a Galleon fund.
