visionvictory asked:
Stock Market WILL CRASH very soon. Probably sometime between September 2008 and February 2009.
U.S. Stocks currently have a fourth-quarter earnings growth of 62% priced in them. Stocks are set up for a huge fall!!!!!
All dollar strength is coming from the assumption that the U.S. economy will recover in 2008 and boom in 2009. As weak as the dollar appears to be, it’s very strong compared to what’s to come.
If you really believe the dollar will recover look at a 10,20,30,40 year graph.
Tags: Depression, depression
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Tags: Assumption, Boom, Dollar Strength, Earnings Growth, Economy, Graph, Inflationary Depression, Logic, Stock Market, Stocks
144jr144 said “Your reference to something of “real value” is intersting because you point to gold, but then to food. Isn’t it the food that has the direct functinal relevance to you?” Right on! No doubt about it! Gold, silver and other commodities are the most likely assurance of getting food in some very bad times. Gold and silver were never an investment in the sense of multiplying money. Just a hedge against disaster. My timing was way off but what the heck? Better early than late!
144jr144 said “Why then gather gold? Grow and raise food!” I think your assuming that I have space for growing food. My house sits
on 1/3 acre in a city and the house takes up most of it. I do have dry goods and other things needed.. None of what I’m doing has
any negative consequences in the event that nothing happens however, for those that do not prepare, the outcome has some serious consequences.
144jr144 said “Relative to silver, gold was a great buy in 1980, but… relative to the US Dollar, it was one of the wirst buys available”
I don’t know about all that but I’m really pleased that I bought and held my gold & silver purchased @ the end of the 80’s
The reason I have metals is just to feed my family in the event that our economy dies so, regardless of what anyone says about it, I
will be able to buy food, stay in my heated house. These conservative moves are looking good to me!
Why then gather gold? Grow and raise food!
That way, you can your choice of food or FRNs or gold because what you have is what EVERYONE will want. There will be no issue of who will accept “this for that.”
by the way, this reply listed as “naturalhrsgrl” is again 144jr144, so if you have a comment for me, reply to one of the comments listed as “by 144jr144″ or else my girlfriend will get it, and she might ignore it.
Relative to silver, gold was a great buy in 1980, but… relative to the US Dollar, it was one of the wirst buys available, except compared to silver….
People do now accept FRNs for food. Your reference to something of “real value” is intersting because you point to gold, but then to food. Isn’t it the food that has the direct functinal relevance to you?
Whenever I can get MORE of something with the same dollar- like when a store says “everything is 50% off,” then, functionally, the dollar in my pocket has “gone up” in value relative to those things “on sale.” Or, those things on sale have gone dfown in value- but that is actually the same thing. When gold fell 80% from 1980-2000 in US Dollar after adjusting for inflation, that was not nearly as far as silver sell. So, all prices are ratios or exchange rates.
We can measure the US dollar relative to other currencies, like with the US DOllar index of forex rates, or i nrelation to a basket of commodities, like the CRB index, or in relation to the price of gasoline or real estaet or stocks. .”
When you guys talk about the dollar going up and down, aren’t you describing it’s relationship to other fiat currencies? I think that’s accurate so, I think it makes perfect sense to own precious metals today as they have real value always. I think holding even today’s common coins is better than federal reserve notes. My point of view is from the time when nobody will accept FRN’s for food etc,etc.
At this point (Dec 2:nd 2008) the oil price is around 50 dollars a barrel, and I can guarantee that the price on oil will go down to 30-35 dollars very soon - and that is very, very bad. Because when that happens, we are shortly going into hyper inflation and a total meltdown in the economy. One of the signs you should look for, is when the DOW goes just below 5000, then the final collapse is imminent. But soon after that a new economic system will emerge, a system that is build on solid ground.
The credit clog has been a blessing in disguise. It is preventing the Fed from inflating the economy. Sure the Fed can create all those dollars out of thin air but if cannot circulate into the economy, it’s meaningless. Oil speculators depended on credit to bid up oil prices and that credit line has disappeared. Oil went down 60%. The market wants to deflate, it needs to. It is more powerful than government. It may resist the planned inflation by the Fed for a long time. I hope so.
The price of gas will go down because of the elections. TPTB want the sheeple to be happy and go vote for the next butthole to get them into slavery.
Debt remains the same, job loss is still growing, and people still use their credit cards to suplement income.
We should also note that his gold, silver, and oil predictions have not even been given the time frame he predicted. He said the dow would be around 8,000 in september, it would of been foolish to be upset with him in May when it was still at 13,000.
He said gold, oil, and silver would boom sometime after the crash of the stock market, it’s still crashing.
So i don’t see how he’s wrong yet, he’s always said that the commods were an end game play.
The first video was from March of 2008. He predicted that the Dow would fall to around the 8000 point marker by September. He also said the S&P would see the 800’s. He said all of this 6 months before it happened and even went as far as saying what the value of the Dow would be. Thats proof that he knows what he is talking about IMO. Its not every day you hear someone call something that dead on.
interesting…
but the price of gas has gone down quite a bit…
what do u say about this ?
*In early 2003, J.R. Hunn began publishing warnings about an emerging global credit crisis and an eventual sharp decline in US Real Estate. …
In 2004 and 2005, he focused his publications on the future of rising oil prices, also pinpointing the top of the stock prices of the US Housing Sector (which has since fallen nearly 70%). In 2006, he produced triple-digit gains gains by trading the waves of metals. In 2007, he re-emphasized his warnings about US Real Estate, reporting the 15% decline in Phoenix, AZ median list prices (which are down 37% as of 9/2008).
Throughout 2008, he issued warnings about the predictable consequences of the retiring of the first wave of the baby boom, including a final spike in prices of metals and oil, and the sequence of events that could follow that, including certain political “antics.” So far during 2008, in line with his projections, oil has dropped nearly 50%, silver over 55%, and US stocks nearly 40%, while the US Dollar has reversed the prior trend and has risen nearly 20% in foreign exchange markets.*
You were wrong about the dollar, though correct about certain things. You wrote:
visionvictory (1 month ago)
“whats really funny, is that eveythings but the dollar is going down. Now you know there is something really off when that happens.”
Off the prior trend, yes, but off of my forecast, no.
I just googled inflationary depression and here’s what they say about inflation vs deflation: “Inflation, while bad, is not as bad as deflation. Deflation would be a disaster in two easy steps. With inflation, there are about 10 steps, but each road leads to the same destination; insolvency.” “The Fed’s course on the surface seems to be irresponsible, but it really is the only real choice that the Fed has to forestall a major economic downturn in the US that would leave millions jobless..”
visionvictory for president!
you should film your videos with a better background. that would be nice:)
This guy is a profit. lol
About one thing we may be sure. The U.S. deficit and national debt are going to soar. The credit rating of the United States, as this nation of non-savers has to borrow abroad to save its banks, and their banks, is going to fall. We are going to be a poorer nation and people.