Nov
25
Peter Schiff Was Right - Almost
Filed Under Recession | Leave a Comment
When economist Peter Schiff made predictions about an economic collapse back in 2006-2007 critics laughed in his face, but they aren’t laughing now when their own portfolios have been beaten down 40-60%.
Oddly he hasn’t received apologies from any of the head up the ass, sheep media financial commentators.
To his credit, Schiff isn’t declaring victory, noting
100% of my forecast hasn’t panned out, most notably a major collapse in the dollar that leads to a spike commodity prices.
Bury your head in the sand and use positive thinking as much as you like..
“More pain to come & economic crisis just beginning!” says Peter Schiff
Oct
31
When Will the US Dollar Collapse?
Filed Under Recession | Leave a Comment
The US dollar is going to collapse - Sorry folks.
The question isn’t IF the US dollar will collapse but WHEN and HOW MUCH?
I can hear some of you laughing now. You can be like most and bury your head in the sand and just shrug fundamentals and the fact that history is repeating itself - but if you value your financial health you should watch this video.
This is a portion of a larger documentary about the Collapse of the US Dollar
6 Tips To Protect Yourself Against the coming US dollar collapse
- Convert your US dollars into your country’s currency OR Swiss Franc, Yen while the US dollar is high
- Buy gold or silver (even more bang for your US overinflated buck)
- Pay off your debt with the high US dollar
- Sell your US equities
- If you choose not sell your US stocks you can buy a US dollar put option equaling or exceeding the value of your US dollar based portfolio to hedge against a fall
- You could buy an exchange traded fund like Horizon Betapro US Dollar Bear ticker HDD to hedge yourself - It’s daily value reflects 200% the inverse of the US dollar. If you have have $10,000 in US equities - you can hedge yourself with $5000 HDD
And if you choose not to do any of the above - shrug this off and bury your head in the sand because you think I’m a fear mongering, doom and gloom idiot…Well, what the hell do I care? It’s your money, right?
Oct
16
Gloom, Boom and Doom Report
Filed Under Recession, Stock Market | Leave a Comment
This is an interview with March Faber on crisis state of the market and his predictions.
Pay attention … March Faber is editor and Publisher of the “Gloom, Boom and Doom Report” which highlights unusual investment opportunities around the world. The guiding philosophy is that, as Horace already observed, “many shall be restored that are now fallen and many shall fall that are now in honor.”
Best way make money right now?
Don’t lose money [laughing]
Play it safe.
Everybody assumes that the worst of the financial crisis is over. But that is far from being certain. And I think what has happened is that governments around the world have moved a step closer to becoming bankrupt themselves.
And that I guarantee you. The US government will go bankrupt it’s just a question of time.
Oh crap!
We Canadians do about 70% of our trade with the US. So we’re basically tied to the Titanic right now. Grab a lifejacket it’s going to be cold in the water.
Oct
13
Get Ready For The Pain
Filed Under Recession, quote | Leave a Comment
|
“We had the worst excesses in credit markets in world history. We’re going to have to take some pain,” said Jim Rogers.
|
|
Oct
9
Google’s Backer Sequoia Capital’s Doom and Gloom Presentation
Silicon Valley is obsessed with a presentation by Sequoia Capital, the VC backer of Google, titled “R.I.P. Good Times”. The venture capital firm’s partners delivered it to its portfolio companies at a special meeting, predicting a long, painful recovery and advocating immediate cost cuts.
(Me sense some fingure pointing - but sure they weren’t complaining when Google was trading at $500 a share).
Click the image to watch the actual and what they have to see.