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Doom and Gloom

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Doom and Gloom

I'm digging up my garden to build a fallout shelter Shocked
https://www.youtube.com/watch?v=Le73sWDlhz4
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13 REPLIES
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Re: Doom and Gloom

What was the point in writing a book about this? No one is going to have any money to buy it!
Oh and now I see there's a DVD set available as well.
But having said that the points he raises do all make sense, which is worrying!
nanotm
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Re: Doom and Gloom

what's more worrying is he predicted the 2007 collapse 2 years before it happened and the fed did nothing to make the best of it (instead of shifting all that unfunded debt markers into the correct establishments so they disappeared in a poof of smoke they did nothing....)
I wouldn't worry too much though its almost certain the world will be using euros as a world currency certainly its what the unelected leaders of the EUSSR will be pushing for especially now they have loaded up the IMF with their stooges
just because your paranoid doesn't mean they aren't out to get you
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Re: Doom and Gloom

Quote from: nanotm
what's more worrying is he predicted the 2007 collapse 2 years before it happened and the fed did nothing to make the best of it (instead of shifting all that unfunded debt markers into the correct establishments so they disappeared in a poof of smoke they did nothing....)

He did?
What does 'shifting unfunded debt markers into the correct establishments' mean?
nanotm
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Re: Doom and Gloom

it means shifting unsecured debt bonds into fanny may or freddy mac before you tell people there out of cash rather than complaining you missed an opportunity afterwards .....
just because your paranoid doesn't mean they aren't out to get you
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Re: Doom and Gloom

Who, or what, is, or are, fanny may and freddy mac?  Huh
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Re: Doom and Gloom

There America's largest Mortgage Brokers IIRC.
nanotm
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Re: Doom and Gloom

here's a link for you
http://en.wikipedia.org/wiki/Freddie_Mac
just because your paranoid doesn't mean they aren't out to get you
TORPC
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Re: Doom and Gloom

I am shocked Lips are sealed
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Re: Doom and Gloom

I`m shutter  Cheesy
TORPC
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Re: Doom and Gloom

I am still recovering  Roll eyes
[quote= http://en.wikipedia.org/wiki/Freddie_Mac]The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE),
Community Veteran
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Re: Doom and Gloom

Quote from: nanotm
it means shifting unsecured debt bonds into fanny may or freddy mac before you tell people there out of cash rather than complaining you missed an opportunity afterwards .....

I have no idea what this means....
Aren't all Fannie Mae and Freddie Mac debt issues unsecured?
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Re: Doom and Gloom

Buy physical gold.  Wink
Now Zen, but a +Net residue.
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Re: Doom and Gloom

Jim Rickards is a tad bullish on gold  Cheesy It's a shame for him that his prediction of a gold rally this year has failed to materialise (as have many of his "predictions"...)
His track record is not so good - LTCM rings alarm bells.