22 votes

Video: Are We Days Away From A Financial Collapse ?

A pretty good take on what's happening in the financial world.

http://youtu.be/65MYjJA3Qzk



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I see a replay of 2008

Only Worse. Any safe place in a 401k ???

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Away From 401K's and Ira's

Let's face it the gov't is coming after all of our retirement funds...

You May wish to consider this:

http://retirementassetprotection.org

http://youtu.be/hrnND0iTfjo (Knowledge is Freedom)
http://donttreadonliberty.org (Knowledge is Freedom)

Physical assets will win the

Physical assets will win the next paradigm shift away from financialized 401ks.

If you can't hold it, you don't own it. Precious metals, farmland, tools, water, food, self defense.

"Zimbabwe was the greatest market performer of the last decade... but your entire portfolio now buys three eggs." -Kyle Bass

No

Like Gerald Celente says - if you don't have the physical thing in your hands you don't own it. 401K's are on paper, and the government will be grabbing all the paper they can.
Luckily, I don't have that problem. My deceased wife's cancer took all of my 401K.

I am sorry

I hope you both are at peace now.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

As much as I hate to say it

As much as I hate to say it and will probably regret it when it happens; God I hope So! It's coming but hard to predict exactly when but it certainly could be any day now...

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

FWIW, from the perspective of

FWIW, from the perspective of an active day trader I would say NO.

Stocks are king right now, until proven otherwise. Gold/Silver still consolidating from their 2010-2011 breakout, this is not their year.

Dow is going to make nominal highs 20,000+ despite the fact that the economy is sh*t.

I agree....

we're not "days" away from a financial crash. Charlie has been milking the "doomsday porn" angle for a couple years now, so this is nothing new from him.

robot999's picture

OMG! The sky is falling

the sky is falling!!! Oh, wait, it really is falling.

"Government is the entertainment division of the military-industrial complex". - Frank Zappa

Urgent! Hedge Funds Preparing For Market Sell-Off

http://www.youtube.com/watch?v=5WO2wp81M2E&feature=player_em...

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Good video! Also corporate

Good video! Also corporate insiders are selling off at 9 times their normal rate right now and traders are making huge multi million dollar bets against the market

http://www.businessinsider.com/art-cashin-on-big-vix-bet-201...

http://theeconomiccollapseblog.com/archives/do-wall-street-i...

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Is it the March 1st

Sequestration???

"Standing in front of a group of first responders Pres Obama warned hundreds of thousands will lose their jobs"

Where have I seen that before?

http://swampland.time.com/2013/02/19/the-sequester-wasting-a...

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Maybe but I suspect they will

Maybe but I suspect they will cave and make some compromise at the expense of the people as they usually do. But then the debt ceiling renewal comes up again on the 27th... How long can these crooks keep this deception going? I say let is collapse I am sick of the whole mess. and would rather be broke and free to produce then to continue to burn in this living hell of a system.

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Never try to time anything

Never try to time anything unless you have insider information, just look at the fundamentals, and be prepared.

Its a confidence game. The economy will collapse when people realize that the banks can't save them, the fed can't save them and the president can't save them. When will this happen? I'm not convinced its a good use of energy to speculate on when others will choose to see the light or when the light will be forced into their face.

It goes down when people realize the dollar is dead. Some will wake up sooner, others later. But when will other people do things? When will a mass of society do things? I think it is impossible to predict how or when other humans and market manipulators will act, so I don't even try to toss out speculative dates that will only be thrown back in my face with ridicule when that date passes by a la 12/21, the rapture, the raputre2 etc.

Exactly.

I hate these eminent predictions. Yep, the system is flawed, massively over-expanded, unsustainable, and in need of a colossal correction. But I hate alarmists. Buy some PMs, farm land, hard assets when you can, study the history of fiat money, the derivative bubble, the bond bubble, central banking, and fractional banking and do what you see fit. It will burst when it does. No need for hype. I am sure all here at DP have studied and realized the dangers.

I'm gauging the time of the collapse

Based on the actions of the government. They'll prop up the debt till they can at least make a real grab for our weapons.

Dr. Paul seemed to think . . .

that this would be happening soon--

it's hard to be awake; it's easier to dream--