An economic calamity is brewing, and as Brian at Survive Right points out, “the articles are becoming more urgent, more prevalent and from more mainstream sources.” The collective consciousness senses that something is not as it’s supposed to be.
Paul Farrell at the Wall Street Journal’s Market Watch describes the coming global-debt-bomb explosion:
The Big One is coming soon, bigger than the 2000 dot-com crash and the 2008 subprime credit meltdown combined. A huge market blowout. And as Bloomberg-BusinessWeek predicts: “The results won’t be pretty for investors or elected officials.”
After the global-debt bomb explodes don’t expect a typical bear correction followed by a new bull. Wall Street’s toxic pseudo-capitalism is imploding. Be prepared for a massive meltdown. Yes, already the third major bubble-bust of the 21st century, triggered once again by Wall Street’s out-of-control Fat Cat Bankers. And it’s dead ahead.
We’re glad that more mainstream media outlets are warning investors of the destruction to come. While most will continue to believe the fairy tales spouted on CNN, CNBC and ABC News, at least some will survive the financial destruction to come with their retirements intact – or at least not completely wiped out.
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{ 8 comments }
I'm thinking "preppers" are going to be looking better and better over the next few months.
Time to go underground. If people know you 'prep', you've just become the newest target for exploitation.
Keep it quiet. Keep it to youself. Keep alive.
Snoop-Diggity-DANG-Dawg
Melt down crap, if this hits we'll be lucky not to have a revolution. Like M.D. says, finally some of the media is warning us instead of telling us fairy tales. You better protect your investments or you will be in the bread line. Or jumping off the roof like the Wall Street boys. It's here,if you're not ready you're too late.
LETS HOPE WE LAST UNTIL 2012.IF THIS HITS WE NEED TO PREPARE TO DO THINGS YOU ONLY THINK ABOUT NOW.FROM JAY IN NC
The only thing we have to fear is fear itself – FDR (President during The Great Depression)
petecolorado
If you are holding debt in the next few years you will be in a precarious position. Bankers and their lap dogs in congress will use your debt to control you, take your property, tell you where you can live and what you can buy. The only truly freeman (freeperson) will be one who has prepared and does not owe. Keep your head down and hope to see you on the other side.
Hopefully the media will get to the point where it pulls no punches, and refuses to give in to the pressure to "bury a story". We certainly can't rely on the info that comes from Washington
A quote from a recent movie seemed to hit home and make perfect sense.
Q. " How would the government prepare the entire population for an upcoming cataclysm?" ( If that's even the right words, but you get the point ).
A. " They wouldn't"
They already have their stockpiles in place, in bunkers that would make all our mouths water. All we can do is to make sure our stockpiles are good to get us through our situations.
Anytime there is a huge story anywhere in the world, the media is the first outlet. Not because the government didn't already know what happened, they just wanted to take the time to tell the story the way they wanted it to be told.
This is fine for now, but post shtf, make sure you believe only what you see. Good luck to you all………
Dean in Mich..
If you play this correctly, this implosion is a blessing in disguise. You can make money faster when the stock market goes down: Put Options. — Learn all you can about stock options before this next wave hits –
This market may have big dips, but it's not going to just hit the fan in one day, there are measures in place to protect from that. Besides, if they just let it hit the fan the government would lose control very quickly, they'll inflate the dollar and throw everything they have at it to make sure that doesn't happen. They've already done that – Just look at last years chart, who in their right mind would plow that much money back into the market? Just look at what the cons do, they sell off, buy at the bottom when everyone is panicked, then sell off to trigger another fall. Wanna know how they know when to sell off/buy? Simple.. Corruption. You all know this already. It's making them rich and us poor, they know the game is almost over so they're going to move the market as much as possible to make sure they're in the best position possible – they're survivalists too at heart, just in a more sinister way.
Yes it's blood money, but I would much rather take that money for good use rather than have some wall street banker buy hookers with it.
Rather than be scared by the market, it might be wiser to participate and profit from the mayhem. Where else can you make 400% (or better) in one day? When all this AIG mess was going on, I made 472% in just under a day, pulled my initial investment out, and continued to play with "the houses money". That money has allowed me to pay off debts, and become more self-sufficient, all without leaving the house.
I need to emphasize that this is a gamble and if you catch this the wrong way, you can lose all of your money very quickly. So only use money you can afford to lose, $100 can easily turn into $1000s in this upcoming environment. This is also not investing. DO NOT UNDER ANY CIRCUMSTANCE BUY STOCK IN THE STOCK MARKET AND HOLD ON TO IT. Small TRADES only.
A lot of people will think I've lost my mind, but this is a strategy that has worked for me for two years now.
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