Dismal predicitons for America's economy in the next 4 years...

OK... NOW I know what youre talking about...

 

 

There are "Tent Cities" popping up in California because California state and most of its municipalities have been taken over by leftists.... And they are rolling out a welcome map. In other words, "if you build it, they will come."

 

This happened in Venice and Santa Monica (MUCH to the Chagrin of residents of both cities, who were torn between watching their neighborhoods LITERALLY turn into a shithole, and voting against liberal politicians....) 10 years ago. The city governments started repealing anti-vagrancy laws, allowing people to sleep on the beach and in cars, and in the case of Santa Monica, actually giving out free food. They ended up with bums from all over the country, who came to town for the warm weather and free shit.

 

And instead of taxpayers saying "fcuk THIS, Im tired of jumping over a river of shit to get to my car" the idea has spread.... As soon as a city designates a big hunk of land as a homeless camp, they all of a sudden have an influx of homeless people... Why not? Free food, free rent, and warm weather?

 

This is exactly why I said hell no to moving to California, and I'm sure one reason why you bought that fancy gun range in kentucky or wherever it is.

 

Okay, if you do not invest in commodities (gold, silver, farmland) for your portfolio then you are not diversified enough for the next four years. This is just my .02

 

Every friend I know has gold and silver right now (both in hand and shares) that is a millionaire. Simply put, this is what everyone is doing just for a worst case scenario.

 

Completely agree.

Okay, if you do not invest in commodities (gold, silver, farmland) for your portfolio then you are not diversified enough for the next four years. This is just my .02

 

Every friend I know has gold and silver right now (both in hand and shares) that is a millionaire. Simply put, this is what everyone is doing just for a worst case scenario.

 

This is a perfect example of people thinking other people (Peter Schiff) are crazy but in reality they were correct...http://www.youtube.com/watch?v=2I0QN-FYkpw

 

IMO, Peter Schiff is just the equivalent of a broken clock, which will always be right twice a day.

 

Okay, if you do not invest in commodities (gold, silver, farmland) for your portfolio then you are not diversified enough for the next four years. This is just my .02

 

Every friend I know has gold and silver right now (both in hand and shares) that is a millionaire. Simply put, this is what everyone is doing just for a worst case scenario.

 

This is a perfect example of people thinking other people (Peter Schiff) are crazy but in reality they were correct...http://www.youtube.com/watch?v=2I0QN-FYkpw

 

 

 

This is a longshot but a simple example of how easy it can happen...things would have to get alot worse obviously before this takes place....

 

 

Ive been Selling $200/oz Gold for about 8 years now.... And Ive made a shitload.... Im not a buyer at 1400/oz.

 

And that is one of the REAL problems with the global economy right now.... There is not a single safe investment. I wouldnt buy anything... Not gold... Not Oil.... Not stocks.... Not Bonds, because any and all of them could fall apart tomorrow without a big push.... Which leaves cash, which is also on the brink....

 

THATS whats fucked about the economy right now.... The Uncertainty the last three years have built.

Ive been Selling $200/oz Gold for about 8 years now.... And Ive made a shitload.... Im not a buyer at 1400/oz.

 

And that is one of the REAL problems with the global economy right now.... There is not a single safe investment. I wouldnt buy anything... Not gold... Not Oil.... Not stocks.... Not Bonds, because any and all of them could fall apart tomorrow without a big push.... Which leaves cash, which is also on the brink....

 

THATS whats fucked about the economy right now.... The Uncertainty the last three years have built.

 

Buy ammo

Ive been Selling $200/oz Gold for about 8 years now.... And Ive made a shitload.... Im not a buyer at 1400/oz.

 

And that is one of the REAL problems with the global economy right now.... There is not a single safe investment. I wouldnt buy anything... Not gold... Not Oil.... Not stocks.... Not Bonds, because any and all of them could fall apart tomorrow without a big push.... Which leaves cash, which is also on the brink....

 

THATS whats fucked about the economy right now.... The Uncertainty the last three years have built.

 

You are exactly right. EVERYTHING is expensive right now in terms of investments. Not really a great time to buy anything at the moment. But if I were - I'd be looking at corporate bonds with narrow spreads relative to T-bills, for companies in emerging markets like India and China.

 

 

 

You can bet I AM stocking up on Ammo.

Buy ammo

 

Nah....

 

 

 

 

 

I manufacture my own.

 

 

 

 

What's the best way for a college student to buy gold, either now or over the next few years?

 

 

I would go to a local numismatist and buy actual gold coins. Ive always done Krugarands and Austrian Coronas, but both are pretty steep right now ( 1400~ + the spread for one coin) as they are both right around an OZ. Other countries make them as well (Maple leafs, Eagles, And Pandas)

 

You can get some smaller 1/4 and 1/2 oz coins as well.... The last time I picked one up it was around $250 OR SO for the cheapest....

 

Remember though.... Youll be paying a spread on BOTH sides of the deal.

I would go to a local numismatist and buy actual gold coins. Ive always done Krugarands and Austrian Coronas, but both are pretty steep right now ( 1400~ + the spread for one coin) as they are both right around an OZ. Other countries make them as well (Maple leafs, Eagles, And Pandas)

 

You can get some smaller 1/4 and 1/2 oz coins as well.... The last time I picked one up it was around $250 OR SO for the cheapest....

 

Remember though.... Youll be paying a spread on BOTH sides of the deal.

 

 

And that spread is not small... $6 on $26 PWT last I tried to sell

 

 

College student buying gold - that's almost an oxymoron,, you have student loans/cards to pay off?

And that spread is not small... $6 on $26 PWT last I tried to sell

 

 

College student buying gold - that's almost an oxymoron,, you have student loans/cards to pay off?

 

Haha you know when you put it that way!!

 

RD, I remember looking at maple leafs when I was a kid- for some reason I wanna say they were about $250? this was in the mid-90s.

Haha you know when you put it that way!!

 

RD, I remember looking at maple leafs when I was a kid- for some reason I wanna say they were about $250? this was in the mid-90s.

 

 

yep.... Gold was reliably between $200 and $350 an ounce for about 25 years. It didnt start to go up until after 911....

Honestly we don't know how good we have it here. The bottom billion or so people in the world are in a totally different level of poverty. If there is any massive revolt or "Apocalypticism," it will be a self-fulfilling prophecy. Some people here need a wake-up call. We're quite alright in this country!

I can confirm that, first hand experience, even in Eastern Europe, in some countries people work for $300/month and in many cases even less, and people are happy for just having a job. And you can't buy too much stuff for that amount of money, food, services, you name it. I've seen that there is a huge social expenditure in California, and I guess I've only seen a tiny portion of it. Lots of freebies in California, as my cousin says.

SOROS WARNS OF ‘RIOTS,‘ ’BRUTAL’ CLAMPDOWNS & POSSIBLE TOTAL ECONOMIC COLLAPSE

 

George Soros is no stranger to Blaze readers. The billionaire currency speculator and philanthropist has long been in the news, especially since the fateful day in 1992 when he helped crash England’s economy. In fact, since that day, he has been commonly referred to as “the man who broke the bank of England.”

 

Soros is shrewd, he has a keen eye for investments, and he knows how to play the markets. Therefore, when he makes a prediction, it might be safe to say it’s worth a listen. After all, his predictions (among other things) have made him the multi-billionaire he is today.

 

So you might want to pay attention to a recent story from The Daily Beast that claims George Soros is nervous about the future of the global economy and that he warns of dark things to come.

 

“At times like these, survival is the most important thing,” Soros said.

 

As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil,” writes the Beasts’ John Arlidge. “Europe is confronting a descent into chaos and conflict. In America [soros] predicts riots in the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties [emphases added]. The global economic system could even collapse altogether.”

 

And to add a little color, Aldridge notes Soros says it all while “peering through his owlish glasses and brushing wisps of gray hair off his forehead.”

 

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros told Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

 

As mentioned in the above, and as The Daily Beast points out, Soros’ warning is probably based on his natural market instincts as well as personal experience.

 

“I did survive a personally much more threatening situation, so it is emotional, as well as rational,” Soros said in reference to his personal experiences with both Nazi and Communist occupations.

 

“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” Soros said.

 

“Unrestrained competition can drive people into actions that they would otherwise regret,” Soros said. “The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.”

 

Wait a minute. Soros believes that the economic meltdown was the result of not just poor investments but honest-to-God “evil”?

 

“That’s correct,” Soros affirmed.

 

Soros continued in this vein, each prediction getting darker and grimmer than the last.

 

He believes that the EU must be held together because “if you have a disorderly collapse of the euro, you have the danger of a revival of the political conflicts that have torn Europe apart over the centuries—an extreme form of nationalism, which manifests itself in xenophobia, the exclusion of foreigners and ethnic groups.”

 

“In Hitler’s time, that was focused on the Jews,” Soros said. “Today, you have that with the Gypsies, the Roma, which is a small minority, and also, of course, Muslim immigrants.”

 

It is “now more likely than not” that Greece will formally default in 2012, Soros said. For this, he blames the EUs’ leadership and believes that eurozone leaders only know how to “do enough to calm the situation, not to solve the problem.”

 

Soros then went on to talk about how the Occupy Wall Street movement has added to the ever-changing dynamics in the world economy. Debt, Wall Street and capitalism have been put under intense scrutiny and people are becoming increasingly angry.

 

As this anger intensifies, will the inevitable result be a spontaneous eruption of violence and riots?

 

“Yes, yes, yes,” Soros says, almost “gleefully.”

 

However, according to Soros, worse than the riots and violence will be the government reaction.

 

“It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States,” Soros said.

 

Perhaps because he sees such a dark future for the West, Soros has staked his “hopes” for the global economy in Middle East and the “democracies” that are springing up over there.

 

“While the developed world is in a deep crisis, the future for the developing world is very positive,” Soros said. “The aspiration of people for an open society is very inspiring. You have people in Africa lining up for many hours when they are given an opportunity to vote. Dictators have been overthrown. It is very encouraging for freedom and growth.”

 

Soros insists the key to avoiding cataclysm in 2012 is not to let the crises of 2011 go to waste, writes John Arlidge.

 

“In the crisis period, the impossible becomes possible,” Soros said. “The European Union could regain its luster. I’m hopeful that the United States, as a political entity, will pass a very severe test and actually strengthen the institution.”

 

http://www.theblaze.com/stories/soros-warn...nomic-collapse/

Dude. It's George fcuking Soros.

Dude. It's George fcuking Soros.

 

Better than that.... Its george fcuking soros via Glenn fcuking beck.

Better than that.... Its george fcuking soros via Glenn fcuking beck.