Need a reference source: Imminent Financial Collapse? Move money to?

[Dennis Leahy]

This is not "financial news", but rather a request for financial news.

I need one or two sources that I can offer to friends and family to quickly "clue them in" to

a.) the scope of the global financial derivatives "Hindenburg" floating over our heads and its implications of imminent financial collapse

and

b.) sound financial advice on what is the smartest thing to do with their life savings right now, before a financial collapse.

Where (what web site) do I send people to?

Dennis

[NancyV]

I've always liked the Sovereign Investor. http://sovereign-investor.com/

The newsletter is free and they are up to date on the volatile state of financial affairs of the US and the world.

[Czarek]

(b)
Is seems to me that the direction the “controllers” are taking is to bankrupt the system; ALL OF IT. Even if you consider the gold and silver market, they are trying to bring the price of metals down. What this price volatility means to me if I were to look into my crystal ball is that the physical market will disappear, i.e. these huge drops in price will systematically remove all the physical market dealers. So if you can’t buy it, will that mean big price jump? Not necessarily. It’s all about perception and what the people will feel has value. Sorry for not offering any clear conventional direction. Having said that, If I had considerable amount of fiat to invest, I’d invest in farming. If you can grow it, it’ll generate revenue. That would the direction I’d take for the next 10-20 years.

[Dennis Leahy]

Gerald Celente http://geraldcelentechannel.blogspot.com/ currently has a dramatic and all-encompassing video on his blog that is doom and gloom with a doom and gloom Hollywood soundtrack. This is fine for you and I (dear reader), but not for those who are clueless. It would scare them into freezing or rejecting the concept as the realm of kooks.

Max Keiser http://www.youtube.com/watch?v=dculP2KAg_4 June YouTube video. I love Max and Stacy, but they use screaming "edutainment" to make their points (especially Max), and don't really focus on a simple exposition of the overall problem, nor offer a "do this, and this, and this" solution. The second half of this video is two men calmly discussing finance (one of whom likes the idea of a global currency and the gold standard.) One would believe there is no imminent financial meltdown.

Demonocracy.com has a good graphic on derivatives http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

I realize that my sense that the financial meltdown is imminent has been the result of pieces and parts from various sources. Maybe my sense is wrong. Maybe the derivative debt bubble will grog and grow until it hits 6.66 quadrillion dollars and there will be no financial meltdown for the next decade.

If you look at mainstream websites, there is no hint of a collapse, but rather fluffy analysis and stock trends that will stagnate at worst. I know these guys are lying - their mouths are open.

Help me find a good resource, please.

Dennis

I don't want to spread financial fear-porn, but want to be of service to friends and family. Very few of us have "insiders" whispering into our ear, and so we cannot offer that as any kind of (even nebulous) proof of an imminent financial collapse.

[mgray]

Bob Chapman, who passed away last month, was someone who called the financial collapse two years before 2008. He was also dead right on gold eight years ago. He was a financial adviser for many years and has many videos on YouTube to bring someone up to speed quickly. International Forecaster was his newsletter.
Far more technical, but dead on in analysis going forward is zerohedge.com.

[Dennis Leahy]

Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

[gripreaper]

Dennis,

First off, let me say that I see all asset classes getting creamed. It used to be the big players would run one asset class against another, forcing capital into one and out of another, and playing both ends. Lately, for the last year or so, I'm watching all asset classes get creamed.

What does this mean? It means there are no safe havens. So, anyone who is still looking at capital appreciation needs to stop that, and realize that the name of the game now is capital preservation. Like [edit]Doug Casey says, he who loses the least wins. His only recommendation is foreign real estate in one of the BRIC countries, which is not practical for most people, so I wont go digging for his video and waste an hour and half of your time. Too many video's to watch already.

Also, spoke to my upper middle class sister and her husband a few days ago, and they were lamenting how they are down about 500K since 2008, but it still has not hurt them. Until the elite are done bringing these people down to poverty where the rest of us are, the game is still on and the plug will not get pulled, and there wont be any mass arrests.

So, to answer your question, I like Zero Hedge. The comments section is rather irreverent and is not censored, but it has some of the greatest stand up comedy around, if you can stomach the absurdity, rude banter, language, and reality mix. My user name there is knowsh!tsurelock, if you see any of my comments.

http://www.zerohedge.com/

[rmauersr]

Financial info:

Jim Sinclair is excellent, as is Gerald Celente's Media Blog and Max Keiser.

Basically if you do not have the resources in your hand, or hidden somewhere within reach during a system shutdown, you probably will not have the resource be it cash, silver or gold.

Precious metals are a good way to protect wealth if there is any cash left AFTER one has procured long term storage food, basic gardening tools/seeds and a quality water filter. A hobby farm with a wood stove may be the best investment.

For the wealthy, Jim Sinclair has recommended being a citizen of one country, putting money in another, and living in another still.

[NancyV]

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

No, not a TOTAL financial collapse. But then I don't make a habit of believing many dire predictions any more. It could get a lot worse but I doubt there will be a total collapse. If Obama doesn't get another 4 years as president, any potential collapse will most likely be delayed.

[Mulder]

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

If you define financial collapse as Weimer-Republic style hyper-inflation, then my answer is "No." This will never happen as the people would rise up. I've said this on posts I made last year, so I haven't just made up my mind. I believe they can keep the system going as it is now for several more years if they choose to (ie, inflation rising by 10% P.A. & unemployment getting a little worse each year, slowly losing more rights,....). I firmly believe all the panic is a Psy-Op there'll never be "a total collapse," nor will society end.

[gripreaper]

Posted by NancyV (here)

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

No, not a TOTAL financial collapse. But then I don't make a habit of believing many dire predictions any more. It could get a lot worse but I doubt there will be a total collapse. If Obama doesn't get another 4 years as president, any potential collapse will most likely be delayed.

Well, the US economy is still larger than the next six economies combined, and the dollar is the world reserve currency, with more dollars outside the US than inside. So, in theory it will take a huge beating and some time to take it down.

The one caveat is derivatives, a pool of bets ten times the GDP of the entire planet, built on nothing but thin air, ponzi colada's, kool aid, duct tape, and greedy casino boys. It only takes a 2% move to bring the whole ponzi down (MF Global example) which requires that someone shovel at least a trillion a month into that sewer hole.

Nothing to see there though.. <cough, cough> How's Tom and Katie's divorce coming along?

[Rocky_Shorz]

tell everyone to invest into secure 401K pull out of market driven funds...

seriously, if you really feel the world financial system is about to collapse, buy pennies

if **** hits the fan, you can melt them down to make copper coils to create electricity, the Zinc can work as a capacitor to store energy...

on December 22 2012, you can walk back into the bank, laugh saying the world didn't end and tell them you want to cash in a pallet of pennies...

[Mulder]

Posted by Dennis Leahy (here)
This is not "financial news", but rather a request for financial news.

I need one or two sources that I can offer to friends and family to quickly "clue them in" to

a.) the scope of the global financial derivatives "Hindenburg" floating over our heads and its implications of imminent financial collapse

Dennis

Consider:

Peter doesn't get into the crisis until after 2 mins, so fast forward to there. This is from May 17, 2011 - Look how worse the world is now - e.g. crisis has spread to Spain, Italy...

Source: http://www.youtube.com/watch?v=p9QJH72yPt8

Also here's Lindsay Williams getting right into it (but it's short). The clip beneath it is the full interview the below clip is from:

Source: http://www.youtube.com/watch?v=OhZT8O5XtXY

This is excellent - fast forward to 4 min for the "timeline!"

Source: http://www.youtube.com/watch?v=uDppA3mMBas

(b)
I can't find anything reliable to suggest, but in the final video above, Lindsay says at 4 mins he will tell us what currency to invest in NOW!

[Dennis Leahy]

Posted by NancyV (here)

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

No, not a TOTAL financial collapse. But then I don't make a habit of believing many dire predictions any more. It could get a lot worse but I doubt there will be a total collapse. If Obama doesn't get another 4 years as president, any potential collapse will most likely be delayed.

I cannot imagine that the Financial Elite would change horses in the middle of the stream when Obama is doing such a superb job - for them. He is a plutocrat's wet dream as president, and he has nearly half of US citizens utterly snowed, mesmerized, or hypnotized. (Not just in financials - he's really good at the "terrorist under your bed" meme which gives the whole military industrial/security industrial crowd ample blood flow to their nether regions.)

So, I'm going to put you down for "ramped-up partial collapse model." :~)

Dennis

[NancyV]

Posted by Dennis Leahy (here)

Posted by NancyV (here)

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

No, not a TOTAL financial collapse. But then I don't make a habit of believing many dire predictions any more. It could get a lot worse but I doubt there will be a total collapse. If Obama doesn't get another 4 years as president, any potential collapse will most likely be delayed.

I cannot imagine that the Financial Elite would change horses in the middle of the stream when Obama is doing such a superb job - for them. He is a plutocrat's wet dream as president, and he has nearly half of US citizens utterly snowed, mesmerized, or hypnotized. (Not just in financials - he's really good at the "terrorist under your bed" meme which gives the whole military industrial/security industrial crowd ample blood flow to their nether regions.)

So, I'm going to put you down for "ramped-up partial collapse model." :~)

Dennis

Yes, Obama is doing an excellent job for them. Romney will undoubtedly be a slightly more conservative puppet which could delay or avoid a total collapse. But let us not forget that THEY (the puppeteers) will be swept up in the coming mass arrests! So saith Wilcock, Drake and Fulford! (but I won't give you good odds on that bet)

[Lost Soul]

Dennis. Also Look into Ann Barnhardt's blog. She worked the financial aspect for cattlemen and this year gave up her license. She can now talk openly about the weaknesses of the securities industry and in particular the regulating agencies like the SEC and CFTC; the entities that are supposed to ensure a fair market.

Recently she advised to sell everything paper (stock, ETFs, IRAs, etc) and to put it into ABCD (tangibles or Anything that Bernanke Can't Destroy). Like Gerald Celente, she believes if you can't hold it (and defend it with a semi-automatic rifle), you don't own it.

[Dennis Leahy]

Posted by NancyV (here)
Yes, Obama is doing an excellent job for them. Romney will undoubtedly be a slightly more conservative puppet which could delay or avoid a total collapse. But let us not forget they THEY (the puppeteers) will be swept up in the coming mass arrests! So saith Wilcock, Drake and Fulford! (but I won't give you good odds on that bet)

The only reason I can think of that the Big Bastards would give the job to Romney would be if he "picks" Jeb Bush as a running mate. Then, I'd say, yes, they are assigning a different puppet to the oval office. Romney would then be a Ronny Reagan-style spokesmodel, with yet another Bush family member acting as the direct conduit from the Cabal.

[prediction]If the GOP/Romney picks Jeb Bush as VP, I'd bet that Diebold is going to select Romney for president. Otherwise, it'll be four more with Goldman Sachs, Lockheed-Martin, Monsanto, and Pfizer in charge of policy and Obomber and his hellfire toys at the microphone.[/prediction]

The kindest thing I can say about the mass arrests scenario is that someone forgot to tell Drake that there are only eleven old pissed-off vets that were in on the plan, none of them are still in the military, and a couple of them are trying to remember where they put their dentures. I see no challenge to the rule of the Global Rulers, especially the heavily fortified US contingent.

Now I need to remind myself to go

Dennis

[waves]

Posted by Dennis Leahy (here)
Thank you NancyV, Czarek, and mgray.

Let me ask a stupid simple question... do you believe there will be a financial collapse (engineered or organic/domino effect) within the next six months?

Dennis

Not a stupid question at all considering the last few years of extreme financial corruption and it's effects compounded by fear and conflicting predictions. My opinion has swung wildly during this time, here's what I'm currently thinking.

Right now I have way more reasons to think this 'collapse' is not going to happen (whatever collapse actually means to who) ever, at all. A collapse would not be beneficial to the money-making systems in place and would not be beneficial to all their friends, CEO's, cronies when they lose their workers to having to band together to survive. If the big money people are in on some plan, why is there no slow down whatsoever in big industry and the expansion of corporate endeavors? There's lot of future planning going on. Bottom line, a dollar collapse does not just affect the mid to lower class severely, it affects everyone including themselves, every system they've built and all their profiting friends, and it opens Pandora's box to unexpected consequences they would have no control of. I far more expect that the general population would get extremely resourceful, organized and self-reliant than the opposite - what they don't want.

That said, what to do with any savings? I've decided I'd rather have some property instead of money in the bank, stocks or gold or silver. Right now real estate prices are rock-bottom, an exceptional investment in case things stabilize, and at least something real, practical and usable if the value of any leftover cash halves or disappears from a bank. I'm also going to get as self sufficient as possible with solar power and garden, and get an small RV for a just in case quick escape so I have a bed and something to cook in and am mobile.

I also think it's time to get very involved in any local co-ops, barter systems and organizations and get to know your similar thinking neighbors. I'm noticing a lot of alternative-systems popping up locally. There's still very few among these 'similar thinking' people who want to talk about aliens, but the need to get organized and take action seems to be growing.

Actually, the more predictions that go poof, the more positive I've been feeling.... and more and more remorsefully silly and gullible for giving them any weight.

[Lost Soul]

The global economy has been slowing down. This means less factory orders worldwide and with it, decreased demand for raw materials. Bursting of the derivative bubble will crash the world economy. Real estate prices have not bottomed and won't bottom until the crash.

As for the uber rich, they have stockpiles of AS and AG. They want the crash because that means austerity and increased privatization (they buy public property for pennies on the dollar). A crash means more will lose their homes and they (über rich) buy them cheap too. They want to return us to the medieval feudal system where the majority of the population are worker tenant-peasants.

Iceland has shown the world what to do (arrest the bankers). Let's hope people shut off the TV long enough to figure that out and act on it (that and a Tobin Tax).

It was asked when the crash would happen. Lindsey Williams said to look at the derivative market. I think it can happen before the election; especially if the EU breaks up. Remember, both candidates have been pre-approved by them.

Edited to add: I don't think mittens would take Jeb Bush as his running mate. The specter of another Bush would rally the Demoncrats to Mocha Hay-Seuss. I'd put my money on Condi Rice. She has the color factor to take the steam out of O's race factor. She appeals to those neo-conmen.

[gripreaper]

Just invest in paper assets. See how easy it is?

Source: http://www.youtube.com/watch?v=qqF83-FmVpM