Crisis Progress Report (10): Bust, by Robert Gore
Ideas and actions have consequences, fortunately. Debt booms bust. SLL is back in action after a week-long trip. Nothing that happened over that week, culminating in yesterday’s worst equity market drops in months, followed by today’s so-far hefty drop (never dismiss the possibility of an end-of-day “save” to make people feel a little better over the weekend) is surprising. SLL has been warning of exactly this outcome since last fall. Even the rally in oversold precious metals has been predictable (see “Buy Gold and Silver,” SLL, 7/20/15). The surprise has been how long the equity collapse was in coming. SLL was a little early, but a little early informed by competent analysis is better than a little late informed by complete cluelessness.
This is an excerpt. For the full article, please click the link above.
This is an excerpt. For the full article, please click the link above.
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- 6Posted by Zenphamy 9 years, 5 months agoIt all reminds me of a huge thunderstorm rolling straight at you across the plains.| Mark as read | Best of... | Permalink
- 6Posted by khalling 9 years, 5 months agohurricane| Mark as read | Parent | Best of... | Permalink
- 4Posted by straightlinelogic 9 years, 5 months agoSomething big and ugly.| Mark as read | Parent | Best of... | Permalink
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-- 5Posted by straightlinelogic 9 years, 5 months agoI think the devestation will be more akin to a tsunami.| Mark as read | Parent | Best of... | Permalink
- 6Posted by Zenphamy 9 years, 5 months agoI think I agree.| Mark as read | Parent | Best of... | Permalink
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-- 2Posted by Ibecame 9 years, 5 months agoAlthough I think khalling has it with the hurricane these roll in like the market manipulation blowing through town. https://youtu.be/c811Z6fcURU| Mark as read | Parent | Best of... | Permalink
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- 2Posted by Herb7734 9 years, 5 months agoI don't think that the full tsunami has hit yet. The second wave is a ways off and it will make this one look like a wave in a kiddie pool.| Mark as read | Best of... | Permalink
- 2Posted by $ jbrenner 9 years, 5 months agoThe rally in oversold precious metals has been predictable as you state, SLL, but it still hasn't recovered nearly completely from the rather large drop over the past few months from around $1300, where it stayed for quite a while. Nonetheless, I am glad I invested in Au.| Mark as read | Best of... | Permalink
- 2Posted by term2 9 years, 5 months agoExpect it's going to be confiscated to prevent windfall profits from accruing to the prepared folks| Mark as read | Parent | Best of... | Permalink
- 2Posted by straightlinelogic 9 years, 5 months agoGood luck with your position!| Mark as read | Parent | Best of... | Permalink
- 2Posted by term2 9 years, 5 months agoExchange half for silver coins. Easier to use in a collapsed economy| Mark as read | Parent | Best of... | Permalink
- 2Posted by $ jbrenner 9 years, 5 months agoI invested in Au for the long term. However, that position has a presumption that all politicians are looters regardless of country of origin and a second presumption that all countries are run by politicians. It is possible that the second presumption might be incorrect during the next U.S. election. If it is, then my Au investment is not a good one. I guess that there is a third presumption, too. In the case of deflation, it is possible that Au values can decrease.| Mark as read | Parent | Best of... | Permalink
- 2Posted by term2 9 years, 5 months agoGold is about as good anything though. Silver is better for short term sustenance though. Gold is a target for government. It will become a black market good once they announce confiscation programs. You won't be able to use it for big purchases without being a criminal. Preserving wealth will be difficult during a collapse. Maybe a business making widely desired things- like entertainment, private beaches, toilet paper, things like that will survive| Mark as read | Parent | Best of... | Permalink
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- 1Posted by Ibecame 9 years, 5 months agoThis looks like the start of a "re-run" of history. A bit early to tell yet. If you are interested this DVD condenses a lot of it down, but doesn't go into a lot of depth. This is a set of 6 movies but the one pertinent to this is "Here is Germany". http://www.ebhe.com/dvd/WWII_Collecto...| Mark as read | Best of... | Permalink
