8 votes

Max Keiser: Global Collapse by April

http://youtu.be/pXXPVndVvxQ

When Max made this prediction 5 months ago I thought he was really stepping out on a limb by being so specific in his prediction, and that much of his credibility was riding on it.

But so far this week stocks, metals, and even the prison economy are so shaken up I fear he may have been right.



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I think we can safely say that this prediction was dead wrong.

We are now all the way through April and into May.

Max Keiser lost any credibility he had when he attempted to sling mud at Tom Woods, Lew Rockwell, and LvMI.

So, does this give him negative credibility?

Check out the Laissez-Faire Journal at LFJournal.com


"The State is a gang of thieves writ large." - Murray Rothbard

Well

He put his rep out there. Needless to say, he was wrong. He may not be far off, but he needs to quit being so idiotic sometimes. Guess that is why he works for RT.

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

Keiser may be a loudmouth blowhard. Fine. Agreed.

But he is also very good at math.

You don't need to be a democan, a republicrat, a libertanerarian, an anarcho-fascist-minarcho-deist,

or even have the ability to read, write, or understand or any other language, to know that bad things are coming...

All you need to be is good at math.

Pandacentricism will be our downfall.

I don't know how you define "rewarded".....

But to me, it's not "foregoing two years worth of opportunity costs to book a loss of 40% on physical holdings of silver".

Especially considering it was a clear-as-day blowoff top, there were people out there, even gold seek and such, saying "avoid this for a while, bacause it's going to be messy", including to literally point out that using a crazy justification like "buying silver will crash JPM" as a rationalization for paying all time nominal high prices for a non-yielding asset... well, it's just pure craziness.

Max Keiser is a blow-hard, obnoxious, arrogant weasel who still believes that government is the font of all prosperity and loves to blame the symptoms and not the causes. I listened to him a few years ago because he was great at railing on the bankers, but that's as far as he went and then it was a blank check for our wise, benevolent overlords. It's childish, at best.

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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.

Most likely

We're looking ata situation akin to the 1970's again. Let that era be your basic guide to investing. The question is what happens when we get to "1980" again, will monetary policy be tightened dramatically and the dollar saved, or hyperinflation set in?

Josh Brueggen
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Precinct Commiteeman Precinct 5 Rock Island Co Illinois

Indeed

It's hard to imagine that the Fed could raise rates to nearly 20% again to stop an inflation. It's hard to imagine they could even raise rates to 5%, given the massive indebtedness at every level of society. The federal debt to GDP ratio today is more than triple what it was in 1980, and the household debt to income ratio today is about double what it was in 1980.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

The timing may be total BS but the fundamentals are ironclad

The timing may be total BS but the fundamentals are ironclad: the Fed and indeed all global banks have rapidly inflated a bond bubble in the 2010s much larger than the horrific real estate bubble of the 2000s, and its bursting is only a matter of time.

WHEN is the big question and only the person who guesses right will look smart coming out of the fray. The others will be smart but not shine. Whatever.

The reality is, sovereign states are hanging by a thread five years into this crisis and, like the Great Depression, the crash of 1929 took a while before the banking panic of 1933 and a host of sovereign defaults of the next couple of years.

I don't buy the doomsday scenario. I go for the LONG MOLDY ROT & CRUMBLE scenario punctuated by the occasional support beam failure.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

What does he know?

This is the same guy who talked a lot of people into buying silver at $50 an ounce, because doing so would "crash JP Morgan."

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

$50 silver is still

$50 silver is still underpriced

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz

Which is better?

Buying it for $50 or $29? It has been in the 25's since then. Twice as much metal is a Good Thing.

He and others were fanning a buying frenzy that was bound to go pffft. Every day there was rah, rah, rah on DP. Youtube was full of amateur videos. I remember one by a guy dressed in a silver costume. Who can forget the cartoon silver bear? Even my landlord was buying silver.

And the business about crashing JP Morgan? Absurd in the extreme.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Exactly. Speculators may not care for the currently 'low' price

but anyone who purchased at $48 and is still holding it will soon be rewarded for their patience.

Pandacentricism will be our downfall.

They would have been rewarded more

for more patience.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

MaxK, Gerald Celente, Alex Jones, etc all like to push fear

Year after year, the world is always "about to end" with these folks.

Don't buy into it.

Wrong but Thanks for playing.

They push information, not fear.

If information makes you fearful then maybe you have some issues you need to work on.

Pandacentricism will be our downfall.

with the purpose to paralyze

keeping people from doing