Topic: Scientist predicts world stock market collapse in 3 months (Read 8178 times)
Scientists say many people will believe you when you say a scientist has said it.
This guy makes a living off doomsday proclamations. Google his name and you'll see concerned people discussing him in forums years ago about similar predictions that eventually came up empty.
It sounds like this guy more or less always says "the world is coming to an end" and eventually he is right so he claims to be right. I would personally not listen to him and would not call him a "scientist" There are guys that make entire careers out of it, such as (in order of crazy claims): Max Keiser, Alex Jones, David Icke....
In case someone didn't already post this link, there's no such thing as a stock market crash in current form, it would be a collapse of the country basically:
http://www.zerohedge.com/news/2014-08-16/why-fed-cant-and-wont-let-stock-market-crash
http://www.zerohedge.com/news/2014-08-16/why-fed-cant-and-wont-let-stock-market-crash
That chart is not correctly drawn but the top from 2000 and 2008 was already broken a few weeks ago.
As a non-US person I strongly believe that watching the USD go tits up will be bad for the world.
As much as I hate to say it, currently too much of the world depends on dollars.
The world needs time to get out of the USD before we can let the USA blow up their debt based economy.
I think America is a nice holiday country and it would be a sad thing watching it go down the shitter
As much as I hate to say it, currently too much of the world depends on dollars.
The world needs time to get out of the USD before we can let the USA blow up their debt based economy.
I think America is a nice holiday country and it would be a sad thing watching it go down the shitter
Sometimes things have to get worse before they can get better. why and how would countries free themselves from the US dollar if they had more time? they've had plenty of time. The damage has already been done we just have to discover it.
As a non-US person I strongly believe that watching the USD go tits up will be bad for the world.
As much as I hate to say it, currently too much of the world depends on dollars.
The world needs time to get out of the USD before we can let the USA blow up their debt based economy.
I think America is a nice holiday country and it would be a sad thing watching it go down the shitter
As much as I hate to say it, currently too much of the world depends on dollars.
The world needs time to get out of the USD before we can let the USA blow up their debt based economy.
I think America is a nice holiday country and it would be a sad thing watching it go down the shitter
This guy makes a living off doomsday proclamations. Google his name and you'll see concerned people discussing him in forums years ago about similar predictions that eventually came up empty.
It sounds like this guy more or less always says "the world is coming to an end" and eventually he is right so he claims to be right. I would personally not listen to him and would not call him a "scientist" Sounds like a buddy of Mark T Williams
It will be also very important to have an easy way to hedge against the dollar with big amounts of money. That is one point why we need a working etf asap.
You get loans in Dollar or Euro and you buy tangible assets in countries that respect the property rights
In general, I like Chris Martenson's material, but the timing of his predictions are questionable. Btw, the article is old; it's from February 2013: http://www.businessinsider.com/warning-stocks-likely-to-crater-2013-2
The dreaded cripple top. Only to be surpassed by
http://youtu.be/Urhw_kPDkoo
http://youtu.be/Urhw_kPDkoo
IMF Report Warns of Market Shocks and Volatility [CryptoCoinNews]
Quote
Effect on the Bitcoin Price
The effect of market-wide volatility on the Bitcoin price is difficult to predict. Since global market volatility has been low for most of Bitcoin’s price history, we lack a precedent and clear chart examples. Volatility in combination with funds fleeing mutual funds/equities and seeking alternatives such as safe havens or other high-yielding assets, could see investment inflow to Bitcoin – the larger the amounts, the more pronounced the effects on the price chart. Such volatility would have the effect of creating large Bitcoin price advances, followed by rapid and deep corrections due to profit-taking and the triggering of large sell-orders.
IMF Global Financial Stability Report (GFSR)
It will be also very important to have an easy way to hedge against the dollar with big amounts of money. That is one point why we need a working etf asap.
Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
Bitcoin had not lived any USD collapse yet, so noone cant tell you. It did not lived many other things either.
A USD collapse should be great for Bitcoin's price and the FED will not let the market go down or not help the government pay its liabilities, it will print like there is no tomorrow
It only depends on people, if people trust Bitcoin to save their wealth or they trust metals and other assets in the moment of truth. I think 50% metals 50% BTC is the way to go.
Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
Bitcoin had not lived any USD collapse yet, so noone cant tell you. It did not lived many other things either.
A USD collapse should be great for Bitcoin's price and the FED will not let the market go down or not help the government pay its liabilities, it will print like there is no tomorrow
So was he right? Or just like the guy that predicted bitcoin $10 by first half of 2014?
(I don't read about the stock markets since a while)
(I don't read about the stock markets since a while)
Well maybe Jim is not a scientist but he seems to know what he's talking about, in that case a serious collapse on short term is not that far fetched, not to say inevitable. I wonder if my BTC stash can somewhat protect my net worth in case the sh*t hits the rotary impeller....
In this context, how credible is this Jim Rickards guy ? His series "the dead of money" paint a grim picture of global economy on short terms. See https://www.youtube.com/watch?v=KYW5OGWfqJc
Economics is not a science.
It is a religion.
It is a religion.
I thought it was a sport.
Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
Bitcoin had not lived any USD collapse yet, so noone cant tell you. It did not lived many other things either.
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