17 quotes about the coming global financial collapse.....That wiill make your hair stand on end...

[Yooperman]

I am not sure of how legit "Blacklisted News" is... but the article found there is quite disturbing...

I have pasted #17 below... but the others from some well respected people paint a grim picture of what is coming.

http://www.blacklistednews.com/17_Quotes_About_The_Coming_Global_Financial_Collapse_That_Will_Make_Your_Hair_Stand_Up_/16671/0/0/0/Y/M.html


#17 - Gerald Celente, founder of The Trends Research Institute: “The whole system is going down. Pull your money out your Fidelity account, your Scwhab accout, and your ETFs.”

Are you starting to get the picture?

When so many top financial professionals are freaking out like this, perhaps the rest of us should start paying attention.

They are telling us that “time is running out”.

They are telling us that “there is definitely going to be another financial crisis”.

They are telling us that this “is going to be worse” than 2008.

They are telling us that “the whole system is going down”.

Yes, a devastating financial collapse really is coming. Just like in 2008, it will seem like the “end of the world” while it is happening, but it won’t be. It will severely damage our financial system and our economy, but it will not finish us off.

Think of it this way. When you build a sand castle at the beach, it doesn’t get totally wiped out by the first wave or the second wave that hits it. Each wave does significant damage, but the destruction of your sand castle is a process.

It is the same thing with the U.S. economy. We once had the most incredible economic machine that the world has ever seen. It is constantly being guttedand the financial crisis of 2008 hit us really hard, but we are still doing okay.

After this next financial crisis we will be in even worse shape. But we will still be breathing.

More “waves” will come after this next financial crisis. If we continue on the road that we are on, our economy will progressively get worse and worse.

Not everyone will agree with this analysis, and that is okay. In the end, time will reveal the truth to all of us.

Right now, we all need to get ready for the next wave that is about to hit us. A lot of people are going to lose their jobs over the next few years. Hopefully you are prepared for that.


------------------


Good luck where ever you may be!

[Pharaoh]

1. Pull your money out?

And then where shall you put it?
200 grand under your mattress or buried in your back yard? What's your plan yooperman?

[Yooperman]

2. LOL... my plan is an easy one... I have no money to lose....

I am living paycheck to paycheck on the verge of homelessness. My worry is how am I going to fill my tank on my car to get to my part time job for the next two weeks. My worry is having enough food to eat until I get my next paycheck.

So.. the coming collapse won't change my status very much. The job that I do have will most likely be there no matter how bad it gets... but who knows. I did buy myself a bow with arrows .. if I have to hunt for a meal.

I just don't know. ATM I am living one day at a time...

Peace

YM

[Pharaoh]

6. Yup,.............I'm with you man

Retired on a fixed income, minimal savings and am waiting for shit to hit fan just to see what will happen. I have no clue what it will look like but it will likely be quite interesting...................:toast:

[golfguru]

7. Why should we take advice from you?

Your post indicates you have not been spectacularly successful in money matters.

[nilram]

8. What? The only advice he offered was "Peace"

The rest was talking about his own experience.

[Yooperman]

10. Thank you....

My thoughts exactly....

:toast:

[golfguru]

13. He is predicting a might collapse coming in US....I don't see it n/m

[nilram]

17. That's not advice.

[golfguru]

23. It is advice in the sense

if a collapse is coming, get out of all risky investments such as stocks, and even US currency/cash. If US is gonna collapse, then obviously it is imperative to move into foreign currencies and precious metals.

[Yooperman]

20. I never predicted anything... I posted so called "experts" opinions...

Nowhere do I say this is what is going to happen. If anything... I acknowledged I wasn't sure of the legitimacy of the site.

I guess this shows people see what they want to see....

Peace

YM

[golfguru]

24. OK, no problem, however

your own words in OP:

"After this next financial crisis we will be in even worse shape. But we will still be breathing.

More waves will come after this next financial crisis. If we continue on the road that we are on, our economy will progressively get worse and worse.
.
.
Good luck where ever you may be! "

Moreover whenever some one posts a certain meme, it is because they tend to agree with it.

But if you really do not believe the dire prophecies, you could have said as the final line "I do not believe we are headed for a collapse". That would help people like me who can get easily confused.

[Yooperman]

26. Now I understand.... You took the quote and the excerp from the artcles as my words.....

I quoted the 17th quote from the linked article and part of the commentary from the author. If you would have gone to the page you would have realized that.

I take the blame as I didn't separate them with snips...



I did end with Good Luck where ever you may be.... whether the economy crashes or not... there are millions that are in the same boat I am in with a bleak outlook ahead of us.

I apologize for the misunderstanding.

Peace

[Yooperman]

9. You have NO IDEA what has put me in the situation that I am in now....

I didn't offer any advice to anyone other than the original post with so called experts opinions on the current economy and where it is headed. Nowhere did I offer to anyone any advice on how to deal with it. Your comment was rude and thoughtless. You sound just like the republicans that say if you are in any financial situation that is not sound... it's all your fault.

All I can say is NAFTA and deregulation. 5 of 6 companies I have worked for since 97 have closed or moved to other countries. Some had been in business for 50 years or more... The last one is hanging on by a thread and another downturn will most likely close them also. It is kind of difficult to set oneself up for retirement without have some continuation in employment.

I contemplated sharing with you the entire story of why I happen to be in the bind I am in now however, it really doesn't matter with people like you. Just know that every decision a person makes has the potential to affect him or her years down the road.

Good luck with you and your family... for if things go like those "experts" say... you may be joining me... something I hope doesn't happen to you.

Peace

YM

[golfguru]

12. I absolutely have nothing personal against you..actually

I have my deepest empathy for any one who loses a job for no fault of their own.

As Donald Trump says in every interview, the people negotiating for our side are diplomats and politicians. They are rarely shrewd business people. That is why NAFTA is bad for us, WTO is bad for us, Trade with China & India & Columbia is bad for us. The people negotiating for China and India are shrewd and smart.

Our tax structure encourages business to move jobs abroad. Companies like GE take advantage of that and end up paying zero tax to US Treasury.

Lot of things need changing if our economy is to grow again.

My comment to you in the previous post was based on your prediction that a mighty collapse is coming. I am not so sure. I am seeing light at the end of tunnel. The Europeans are the ones who will collapse first. Their system is more rigid and slow to change. When my company had to lay off people in Belgium, the laid off received 90% of their wages! No wonder Belgium is now in trouble.

[Yooperman]

19. All I can say... is that I posted "experts" opinions ... not mine..

I appreciate you explaining yourself...

Peace

YM

[upi402]

21. Folks like you & I fought to prevent this corporate rule

I get sick of the 'blame the victim' crap here too.
I thought the corporate media would be enough, but I guess it needs to spread to DU too.
Must be the art of war in action.

Peace

[aSpeckofDust]

3. I agree.. the phrase is meaningless. If a global collapse of most recognized financial ..

institutions happens, the value of that money also collapses. Hiding it or removing it from a bank doesn't change that.

[eShirl]

4. if the entire system's going down, money's only value will be as emergency toilet paper

so make sure you get it in $1's

:rofl:

[alittlelark]

5. South American money baskets are a good place.

$50,000 is the minimum last I looked (Everbank). South America - most countries - are doing well.

[dixiegrrrrl]

11. FWIW..Celente lost a hunk of money in MF funds. He is pissed as can be.

Does not mean he is incorrect tho. Investor confidence is pretty much gone.

[golfguru]

14. S&P is 60% higher now than at lows in 2009.

Buy and hold does not work anymore. One has to learn
how to take advantage of the wild swings in the market to make money these days. Buy when there is blood in the streets and sell when they are partying on Wall Street.

[Po_d Mainiac]

16. That's still 26% + off the 07 #'s

That puts the $SPX on a par with 1998.....inflation adjusted, it's called sucking rocks via a hose.

[golfguru]

18. Exactly! Which is why I added "buy & hold" does not work

you have to trade the cycles.

[Po_d Mainiac]

25. Exactly nothing

If you'd just parked the money in a credit union in 2007, you'd be up 9%.....Any gold or silver wood be up 100% over the same period.

[golfguru]

27. If you bought gold during previos bubble of 1979,

you are still behind based on inflation adjusted purchasing power.

You don't have to be in credit union, my series EE US savings bonds are paying between 5 & 6% annual interest since early 90's, tax deferred!

[Po_d Mainiac]

15. The dig is in reference to Celente backing PM's

And getting out of the paper metal rackets. Now Celente claims to have been in the paper market to build a block of shares and then take delivery of physical.

He got burned in the paper market. Exactly the market he proclaimed was a viper pit

[AnneD]

30. I was thinking that too...

You never think there is a problem until it affects you. I think Celente discovered he is really in the 99.5%. I noticed the Koch Brothers got out in the nick of time because they are in the top 0.5%. Even active managers like Celente were lock out of their own accounts and it was their own money.

Lots of people have been breaking the law lately and getting away with it on WS. MF Global co mingled funds, stole money from clients accounts, and gambled it on risky bets in hopes to cover their losses. Sure sounds like another crime on WS to me.

I don't know what the the investigations and the court will decide, but I thing the individual investors whose money was stolen from their accounts with out their permission have a stronger claim than JP Morgan. Now let the courts rule in JP Morgan's favor, and then you will see even more people get out of WS. Someone has to go down for this one. It is a case in black and white as far as I can see.

[upi402]

22. Gold, passport, &

a ticket out.

My former buddy -a neocon- laughed at me when I bought gold at $743 and it dropped a bit.
We are disenfranchised. There is no way the 1% will lose. Make plans, there's time.

We're stuck on stupid here. Blame the media.

[Jack Sprat]

28. What kind of plans?

Gold is too expensive for most everyone now. I wish someone would offer some way just to hold on to what little you have. Like George Carlin said, "they're coming for that too".

[fasttense]

Nowhere does it say to take your money out of your checking and savings accounts.

The quotes are about taking your money out of Wall Street banksters grasps.

"Pull your money out your Fidelity account, your Scwhab account, and your ETFs."

And I agree with the sentiment. More economic misery is coming. Something that can't last forever wont. Our banking system can not continue to run under the federal government's skirts every time they lose a bet and/or create a collapse. This will have to change. The federal government can not continue to support one part of the economy while destroying another part of the economy. Our federal government can not continue to help the richest people in the world at the expenses of the poorest. It is a bad economic and political system and it will change.

It's just a question of when and how.

[fasttense]

29. Delete double post