JIM ROGERS: The worst crash in our lifetime is coming
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime.
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If he keeps predicting this every year and long enough, he will be eventually right.
LOL! Well said! hehehe
yes. most will think this crash is CV related just like they thought the terrorist attacks caused the dot.com crash
Iceland jailed all their bankers who caused their crash and their country recovered.
Jim Jones meanwhile US politicians and bankers get off Scott free
TheBishop12 It's up to us to protest. If we can all come to realise that we are strong in numbers then we can make anything happen. The occupy wall street protests were not enough. Look at these other countries, millions crowd the streets in protest. WE MUST UNITE
Jim Jones.
That is NOT true.!
Only four men were sentenced to prison for ponzi scheme. Al-Thani case, google it. They were put in prison named Kvíabryggja for one year. There they had an entire house for themselves (old prison officer house).
From there they were sent to a place called Vernd for one year. At that time, one of the bankers shareholder (Ólafur Ólafsson) was injured in a helicopter accident when he was with his friends in a sightseeing flight !
Not one politician was sentenced for the theft that took place. Today, the same government (Centre-Right - Independence Party) are in the power, which was when the bank collapse occurred 2008.
The Independence Party had been in power from 1991 to 2009 and got the power again in January 2017.
The national debt correction made by the government (Social-Democratic and Left-Green Movement - 2009-2012) for its people, ended largely in cash checks to the rich class people, many people lost there homes, which were taken from them and many given to real estate rental companies, owned by the banks, government and economic powerful people.
The poor, old and sick, Icelandic people are still in economic dilemma, living paycheck to paycheck. The Icelandic prime minister (Bjarni Benediktsson) talks about economic boom, thats because there is a economic boom for him and his family, robbing all that can be robbed from his country and people. Meanwhile people are sleeping, they will continue to steal and build their empire.
Sources: (Use google translate for icelandic website)
>>
Politics of Iceland since 1917 = is.wikipedia.org/wiki/R%C3%ADkisstj%C3%B3rn_%C3%8Dslands
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The Independence Party = en.wikipedia.org/wiki/Independence_Party_(Iceland)
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Al-Thani-case = is.wikipedia.org/wiki/Al_Thani-m%C3%A1li%C3%B0
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Kvíabryggja = en.wikipedia.org/wiki/Kv%C3%ADabryggja_Prison
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Vernd = www.vernd.is/index.php?option=com_content&view=article&id=33&Itemid=172
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Helicopter accident Ólafur Ólafsson and friends = www.visir.is/g/2016160529677/olafur-olafsson-var-um-bord-i-thyrlunni
huh usa will never do that. we the people love the bankers and follow the norm. ask the 99 percent what happen in their parade. nothing happening because no one cares.
vodkacannon bs everyone knows they will censor that. usa is the king in pr
Here's some free advice! Sock your money away, wait for the market to crash and then buy the best stocks at record lows. Then sit back and wait. The rich get richer because the have the cash to buy at times of crisis.
Paul Henry Absolutely correct.
That cash may be worthless in the next crash.
Paul Henry Do you remember the election day "sale" when markets plummeted at the mere notion of Trump?
I couldn't agree more.
Sean Hammer I remember the next day when stocks had all climbed.
He said the exact same thing last year and kept on saying, "Everyone thinks I'm crazy." Turns out he actually was crazy. I did the opposite of his advice on the date of his "end of the world" article on May 24, 2016 and moved my money to high risk, tech stocks. Now a year and two weeks later, I'm four times richer than I was on that date. I have cashed out three times of that money so i have the exact same amount invested in the market as I did last year and three times this amount in cash, gold, silver, Litecoin and Ripple all out of the market. Pretty neat, huh? Dear Jim: Thank you for the updated prediction so I can make some more profit! P.S. Jim is right. The market will drop!! It will be sometime between June 9, 2017 and June 9, 2067.
And yet he never says he was wrong . He was too much pride arrogance.....good on your for thinking and investing for yourself and not listen to this broken record of negatives
Sync Blackberry Thank you!
you are clueless on what the fed's been doing
Sync Blackberry have fun losing all that because it’s backed on nothing but fake hopes and dreams
Nice, how did you avoid all that tax!
how the fuck is everyone watching now is my question
learn proper english, moron.
I watched, but noticed the date as I watched. It was advertised as 4 minutes, so, not so long. Mr. Bow tie seems like a nice man, but... How can I trust this dude who’s partner was George Soros? Never heard about what they did together and why they split. Take with a grain of salt.
English should be capitalized, moron.
Hamid when was it?
"Write it down" 😂 funniest part 0:53
Yudith Chang he’s smarter than you
right, very little good comedy left on stage anymore, so I come to sites like this for some really good laughs!! ;D
This guy has predicted 20 of the last no crashes and the market keeps making him look foolish.
I feel he has some kind of mental illness
@L P I like that saying; will use is as a "pick up line" next time at the bar! "Hey baby, my bank account it like your telephone number!" I'll get back and let you guys know if it works!! ;D lol.
@L P OK, how about her phone number!!? Will that work as a "commission"? ;D
@L P It's like the stock market; with reward there is sometimes..... risk!! ;D
@L P I agree about the weather; it is a risk in Oklahoma, for example, especially if you live in a tin house!! BTW, I felt pretty lucky to have the first two digits (not including the area code) be 95.... :D
Yes, we just had multiple of that kind of crashes in the last few day. You are right on the money.
jim is an old man with his wining about crashes, buy in dips sell high is the motto now and i,ve seen alot of crashes in my life people
No you have not seen a crash like the one that is coming.
How’s his prediction now ?
well shit...i was worried about the dentist tomorrow, now a toothache seems nice
Don't worry - this funny little man knno nothing - "Iceland government collapse" - bollocks - look at Iceland now ffs!
the event that's going to cause the crash that he's talking about is China and Russia returning to the Gold standard.
That's why the US is in such a hurry to start WWIII.
Even Jim Rickards who is aying the crash is near says that China doesn't have the ability to do that ... it's much more complicated tham flipping a switch ... Plus what makes you think that the Russians or the chinese will do the "right" thing ? All they care about is being in the game .. they will take the US role as printers of world money any day son .. any day ..
China and Russia are already trading using gold as payment.
China and Russia will be using bitcoin
Nelson Schaumkell Harding bitcoin is a gambling
want to avoid market crashes? abolish the Federal reserve!
the gansito They dont want the mass public to know that it is truly that easy
the gansito RIGHT!?!
You're right!
Ehren Richardson bruh the world is in to much debt to even attempt to do any of that we are all simply fucked
You are so right n.The last one was caused by the FED taking interest rates from 1% to 5.5 % without a break.This ment the a morgage at !% was AAA .At 5.5% it became Junk.
I truly hope we get rid of money...Its crazy people say, paper bills are a valuable item. 😂🤔 I'm already living off solar, water catchments, 3 gardens, 2 greenhouses, and a boat for fishing...that I built myself. I love not depending on such an angry, false government...what's sad though...is that 90%+ (estimate) of the common person...are not independent. I never understood...how money is what makes people happy... Maybe I'm just too simple...and love my nature too much. IDK...but I can't stand how society is operating. Too many lies...too many caring about material items...too many weak minded people.. I mean seriously...You can get sued nowadays,for hugging or kissing someone on a cheek..because it offends someone! Seriously?!? People getting millions in cases...of sexual assault that happened 20+ years ago? (When its word Vs. Word?!). People spend 2+ hours a day on Facebook?! What?! I'm shocked people have become this way...
We need a new Government... We need to focus on becoming independent.. We give billions to other countries, that hate us! We feed other countries...and they say "F you!" 🙄😶 Our lives are controlled by the rich...and no one cares?! 🤔.
I don't feel sorry for the stock market people...the outcome.. Actually....We need a fall.. We need something to live for... We need to get strong...
I'm disappointed with how we treat our planet...and our neighbors... I suggest people open their eyes, at our Governments... See what they are doing for the people...our country...and ask yourself... Are we really great?! 🤔. Are we worth living, on this beautiful planet? 🤔. The dozens of species we wipe out annually, would disagree.
Literally a MASS amount a trash, in our ocean...is larger than USA... Humans can do so much better...just need better leadership and morals.
If we start marching towards our government, to demand a change...I'll be with you! Till then...
Good luck with this stock market thing..
Shouldn't you be farming or something? Where do you find the time to write such lengthy letters and survive off the land and sea?
how long can you survive without internet?
Jenny DAVENPORT I’ll march with you too Sistar...!! Really resonated with your comments..✊🏽
Take care...xOx
How did you get those solar panels btw? Traded them for chickens?
Well shit, that's not good.
He said to not buy gold until it fell below $900. All the way up he said not to buy gold. He told everyone to buy Russian rubles and Russian bonds. He said not to touch tech or US stocks. He kept tipping agriculture but agriculture has hardly moved. He said to go heavily into industrial metals "they haven't dug a new lead mine for 30 years" -LOL!
He wrote a whole book called "A Bull in China" which unfortunately was published about a year before China peaked. China has been a terrible investment for the last 12 years but he still tips it and dismisses any Human Rights or Investor Rights concerns. He was also saying that people should put all their cash into Chinese Yuan.
He's wrong so often I don't understand why they bring him to interviews (which is exactly what he used to say about Bernanke)
And I'll just add that I bought all of his books because he was so convincing in those interviews but the proof is only in the performance and that has been dire. I was his number one fan and I'd Google him daily but now I realise he's nothing special.
Jim has been saying this for that last 10 years. Come on Jim! I've been holding this gold forever!
What Jim Rogers and Peter Schiff dont seem to get no matter how many times they're proven wrong is that they would actually be right if this were a real market. Theyre still are viewing things in their Austrian paradigm as if the game isnt rigged. Artificial markets propped up by government intervention will continue to behave strangely, not follow the rules they learned in business school, and they keep viewing it is though it's an actual free market. You can't make sense out of it stop trying to.
Adrhodes442 the consequence of money printing has the same end state no matter what other tricks are used
I bet it's gonna be the state of Connecticut. We're on the verge of bankruptcy
Adam F
The whole state is screwed. We've had major employers leave because of our taxes, Malloy ran out the gun industry, the state lays off workers then rehires all them all back once the news moves on to something else. We give able bodied people hand outs and screw the middle class. I'm a life long resident and homeowner and at the end of the year I still owed the state almost $1,000 on top of what is taken out every week. This state is a blue as the sky what do you mean the left and the right. The right here is still left
staytheknight West Virginia too
Same with New Jersey and taxes are already sky high
I love the chipper music at the end! Perfect!!
this guy is a legend??? he said the same thing in 2011, if one had listened to him you would've missed the biggest bull market in history!
The whole market modem has to change. If we are to move forward, then we need to change from greed to a different style of management.
It’s here ITS HERE 🏃🏾♀️🏃🏾♀️🏃🏾♀️💀
I really respect Jim Rogers, and I think the market is overvalued (until profits come through on the tax cuts), but he says the market crash is coming every year the market is up. The only time he didn't say it was right after the 2008-2009 crash. In 2010, 2011, 2012, 2013, 2014, 2015, 2016, and 2017, he said the market will crash in the next 12 months. He also has been saying move to Asia for two decades or more. Sooner or later, he'll be right, in that the market will crash, as is the nature of financial markets which become overbought because of irrational exuberance. The market crashing has nothing to do with the underlying productive ability and resources of the U.S. which still make it preferable over Asia by a large margin. At worst, it temporarily stalls capital.
In 2012 Jim Rogers was in the film "The Bubble" and he said there would be a bubble in 2014 at max.
It will happen when printing more currency no longer works, by then the bankers would have completed asset striping the world anyway.
Insert a bunch of "barely passed high school" economics troll "advisors!"
G. Warren The misspelling of so many words gives this away, agreed.
G. Warren If you think degree makes you intelligent you are stupid. I'm not saying he is smart because I never heard of him ,but I want to let you know that being intelligent is made out of school and history can prove that to you. "Go and read books"
Albert Einstein barely passed school & failed many times...
IBlewUponYourFace the dude worked at universities most of his life. He was never 'bad' at school. Do some actual research.
Infinite Thoughts yeah I know a guy that worked at a school for 30 years he was a janitor
wow really specific, tks a lot
"The sky is falling!" yeah it's called rain, it happens every once in awhile
"The market is going down, SELL now." - Every sensationalist conspiracy theorist ever. But hey, a broken clock is still right twice a day.
Well he said this year or next. Well now it is next year.
John Ayres or the one after! Nobody knows when.
I've heard of Iceland, thank you.
there is always someone screeching about some dooms day
Every year same thing. While he make prediction for major crash staring in 2011, I make a lot of money. While he was sitting on the sideline saying the market is done, the market is only going up and up. How he "Legendary Investor" when he wrong, wrong, wrong all the time? When do you stop being "Legendary" after you wrong so many times over so many years?
Dong Nippano lol..that was awesome lol
Exactly what I think Dong Nippano! This "Legendary Investor" is a joke!
he also said even he doesnt know wen it is going to crash...it all depends on how long fed wants to run this present show
As central banks are printing $200 billion per month (not including the billions from PPT and ESM) to keep the markets going you can't fail to make a profit but they won't be able to print forever. Jim Rogers knows that. All too soon the lessons of 07/08 have been forgotten.
He is a legendary investor because he's got a lot of money, not because he is right on what he says all the time.
I came here to watch 5 feb comment ...
For once I agree. Typically crashes happen in September or October and the pre-show is in July, August. I bet it's this year.
One thing I hate the most is when, so called experts claim (with a smile) that things are going to be really, really bad. I think to myself that's what they would like to ( then possibly profit from the downturn). And not whats going to happen and then nothing nearly as bad happens. Then you don't hear another word from them ever again.
Here's the thing: predicting a market crash is like predicting a major earthquake in a place like CA or Japan. We all know it WILL happen someday. But none of us know when.
These predictions are not useful, because they can never wrap an accurate timeframe around them.
If someone comes up to me and yells "You're going to DIE!!!", I'm going to say "Uh, sure. Everyone dies, sooner or later." Unless that guy is holding a weapon or threatening me, I'm going to dismiss the guy as a whackjob and a person not worth paying attention to.
So you're basically saying this ponzi scheme will continue on forward
No, he just saying everybody can predict it will happen "someday," but nobody know "exactly" when it will happen. Probably just like when you're going outside and it's cloudy, you predict it will rain but you can't be sure when exactly going to rain (precise hour, minute and seconds). Hope you get the idea.
+Andi S It's closer then u think
Rogers: "theres going to be a major economy crash because without any sustancial prove I belive it".
Yeah sure...
You could look into some of the speculative points he said. This isn't a topic that can be covered in 3 mins.
He gave a time cronology of crashes, he stated that they ahppen between 4 and 7 years, 8 have passed since the last... And he aint lying that shit is true might take a little more time but its coming
Pumping cash into the economy resulting in casino banking that hasn’t stopped, political instability, income inequality and more. But the biggest trigger is going to be debt. And this time, it won't be just banks that are crashing, it will be countries, and it goes without saying that nobody can bail them out. I'm sorry but it's coming. Knowing that, or in your case, accepting that, will give you an advantage as recessions have both businesses and investment opportunities. If i where you, I would do some more research before you jump to that dangerous conclusion.
Superouube You are completely right. The debt is the problem and it'll be countries that start collapsing.
Carlos Calle Gonzalez If you were an investor, then you wouldn't have made such a stupid statement. Listen to someone like him. He's right the timing maybe not so much. But it is coming.
Should I provide some more proof? Let's go to the EU & Japan, their central banks have undertaken what we call NIRP - Negative Interest Rate Policy. Their debts have skyrocketed. As of Oct 6th, 2016, global debt was 152 trillion. That's only increasing. China is a debt fueled economy with a debt/GDP ratio >300% by conservative estimates.
".. later this year, or next" says Jim in June 2017. September 1, 2019 tomorrow, and no bubble yet.
Lol a little too early with that comment 😂
Old Mr. Sunshine!! Always predicting the END, the Big Crash.
It's Mr. Rogers neighborhood. will you be his neighbor?
bruh why is this only active today
For many countries in Asia, government debt is held by the local population and denominated in local currencies. The US debt is probably the biggest risk in the whole world because other governments are lenders to the US by buying US bonds and treasuries. This risk has increased recently due to other governments' reluctance to continue to buy these papers.
A friend told me he thinks the 2008 crisis was just the dip before the real plummet, I think were in for the biggest crash since the great depression... the cracks are starting to show, be prepared people.
He called it.
Chadisms he did call the crash!
Came here just for this comment
For the past 7 years iv been stumbling into Rogers youtube videos claiming the crash is soon.
The problems that led to the last financial crash ... historically cheap interest rates, leverage, overvaluation of assets in basically every category of invest-able asset, imbalances of funds flow between countries, income inequality, etc., have not gone away. The big difference this time is that governments still owe trillions of dollars from bailing out the global economy last time. Central banks and governments have few fiscal or monetary levers left.
I appreciate his no-nonsense approach
*If I say its going to rain every morning, eventually I'll be right*
He profits off market volatility because hes smart enough to buy the dip.
every country is in debt... to who?
central bankers
yes the bankers Nazis hated
"It will happen later this year or next.. write it down" (this was June 2017) Duly noted, Jim... HAHA
Debt bubbles always collapse. When, no one knows. We are in a bubble. Dow index was 995 silver dollars in 1966 and 995 silver dollars in 2016. Dow was 995 paper dollars in 1966 and 18,000 paper dollars in 2016. Obviously a debt bubble. Bubbles burst. Right?
The crash was supposed to come by the end of 2018 according to Jim Rogers.
Why didn’t the crash happen ...?
Because Trump is the President😊
JodyJohn123 It will. When? Nobody knows when. We do know it will be huge however.
This guy been wrong for last 10 years
More then 10....!!!
Interest rates have been kept low the last 10 years.
and counting
Market crash is 2018 enjoy all that money being lost
Dex4Sure I know it’s a correction but when you have an idiot in power, you never know
Iceland is a supermarket. My mum goes there.
Jim Rogers has a stellar record at financial predictions. Ignore this man at your peril.
The problem Is that they have calling for this for years and years and years and we saw a bull run like none in history.
Milo The Russian Blue. ?? '08. Guess you were born yesterday.
whys that a problem? Noone can predict the exact timing but it doesnt mean they arent right. We were very close in 2008 and the next time the Fed will be too weak to do anything about it - looking at what it has done so far - as Rogers predicts.
Coder Vince the problem is that had you heeded these warnings, you would have lost out on a lot of money.
Javier Ramirez it’s kind of like the boy who cried wolf. The problem is that he has been calling this for 10 years. And all the market has done since then has gone up. Will he be right one day? Maybe. Maybe not. But heeding his warning and staying out of this market would have cost you ALOT in lost profits. They say to buy gold and it crashed and still hasn’t recovered. They say that the dollar will crash and it is still pretty much the last resort currency. They say that quantitative easing would kill the economy by flooding it with cheap money and the US economy is booming. Unemployment is low and 401ks are richer than they’ve ever been. If he has any credibility he has to call a date and stick to it, not just come on the news every time there’s a correction only for the market to recover and he disappears. I’m sick of his warnings.
Jim Osta to give people like you a more balanced view of the state of the world.
Kmart, JCP, Macy's, grocery store chains, on top of that pension funds most underfunded, student loans excdeeding all credit card debt, this is all amazing. Now we are also looking at nonperforming auto loans. What a mess. How long is this game of musincal chairs going to go on before we have not one chair for any of us to get to.
Bill T the problem is the expectations of growth that millennials assumed would happen after the financial crisis didn't happen, what did happen was increased student loans. Also,the problem is that the kinks produced by the financial CDOs and other products haven't truly been resolved. The side effects of these products affects us even today specifically in car loans. But the biggest influence is technology: without a doubt a disappointment for sustainable growth. More jobs replaced than created along with ( and here it is) eliminating further investment opportunities. A society solely dependent on tech inflated investments will create a bubble. Technologies being pushed as safe investments while eliminating other feasible political/colonial opportunities.
You are right.
Issue is that baby boomers are not retiring and millennial’s are stuck with stagnant wages and high student loans.
Wow!...this was filmed in 2017. And what he has said is happening...has a connection.
What advice would you tell someone that is getting ready to put their house up for sale? I'm preparing my house now, planning to rent after until I find the right house/property to buy. Is this a bad time?
Sell now and "buy the dip" or just hold it if you need it. Just don't sell when everyone is selling and you will be fine.
wow!! look at the market today...lost 1100 points.. 2/6/2018
Yeah and then it will shoot up the same amount and more a few days later, it's always up and down
Down 1000 2/8/18
That's not the largest drop we've had. Everyone is looking at the point drop total, but its the percent that matters. In 08 the DOW dropped 8% in one day (Less than 1100 points) because it was worth so much less. The 4.6% drop was bad, but not even close to the worst. Don't listen to the media stretching statistics to make a bigger story.
Yes, media is just trying to sell a story with overinflated headlines.
Drop 1300 last week, 3rd week of March 2018 because of tariff annoucenmet to China.
Yes Mr. Rogers, we HAVE wrote it down and we WILL hold you up to your words AND the timeline (i.e. Late 2017, early 2018) that you've asserted. Please feel free to bask in your powers of prediction, should this come to pass. However, should your doom and gloom prediction not materialize, then be man enough to come back, live up to your faux pas, and admit in front of the whole world that you were dead wrong.
NothingMaster Big bubble for civilization looming for sure and humans tend to resort to war for the way out.
Ummm. He might be right.
No one and I mean no one can predict the stock market crash, period. A dead clock is right twice in 24 hours.
Looks like he could be right. Stock market is already entering correction territory nowadays
Think it will happen more like start of 2019
Now I see it a year later. Italy, Turkey, Argentina, Venezuela, South Africa, are in some issues with their economy right now, specifically Economic Decline and it seems not that far away till it effects us.
When this interview what is the date of this interview
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Salty Diarrhea you're the first to comment that. I salute you.✋🏼
Salty Diarrhea such a subtle joke
Salty Diarrhea--Jaeger doesn't taste that bad.
I have 0 debt.
RichardDJLilD That is an incorrect statement. If you plan and manage your money properly, you will never be in debt.
David since now everyone has to buy health insurance. insurance fee is a debt for most of twenties
If you are an american, you already have around $50k+ in debt ... who is gonna bail out your goverment lol ? ............. ahh people ...
HabsCanada1. must be living in a mud hut.
Youre a habs fan, u owe 23 years of your life to losing.
Including me.. Harlan coben wrote in one of his books.. "we live among this ridiculous wealth and have no idea what it is like to starve ...
Wow this guy is a bundle of joy... let's all sit in a dark corner and listen to really sad music while waiting for the economy to crash again... happy weekend everyone!
Not since the beginning of the republic since the fed
The FED IS parasitIC volture
The storm Trump was talking about wasnt about North Korea. The Fed can be beat. Andrew Jackson did it and it took them 77 years to come back.
+UStheFA Good analogy But Lincoln n Kennedy paid with there lives
They sure have dug in since their birth in 1913, but I feel if there is such a person to take the political and economic heat the fight would bring, its Trump.
Today.....
I have a feeling the rest of this week is going to be historical and there will be more movies made
Another rally for a few months.
9-12 max.
so now my degree in finance is unless... great, this is just as bad as finding out Santa wasn't real
Good times ...
What a bunch of doosh's some of you are.
He stated that every 4-7 years there has been some event that caused things to shake up in the markets (since it's establishment), we are now 8 years and nothing has happened, so expect it to come soon based off of "knowing history"
He's saying it, Tony Robbins ( his advisors ) are saying it, etc...
The only reason why things didn't hit the fan is because the FED keeps cutting the interest rates and it's causing the market to stay as it is "artificially"...
When they can't cut no more and raise... thats when you can expect things to crash.
Listen to the millionaire & billionaire investors who were investing when you were nothing more than a hope and a dream, not youtube commentators with wise ass remarks.
Ben Shapiro said before the election that there will likely be a downturn during the next President's first term, whether it was Trump or Hillary. He was making the case that it wouldn't have been a disaster for the Repubs if they lost, 'cause Hillary was a likely one-termer and would have to own the downturn.
it's "douche", and you'd be easier to take seriously if you didn't sound so ignorant.
That's a meme spelling of "douche," Ms. Burns. Another one is "d00ch."
The interest rate is also being kept low in the Eurozone. As soon as it rises, the Southern European countries will be in huge trouble, because it will be impossible for them to pay off their debts. I do believe a crash is likely to happen as soon as the interest rate increases. But I wonder how long can the European Central Bank (ECB) keep the interest rates low? Could some event force the ECB to increase the interest rates? Time will tell I guess.
He was wrong again he said this year and this video is from last year ...he's been wrong so many times it's sick.
Here's the thing about predictions. Everybody makes them. Some people predict catastrophe, some people predict good times, other predict something else. Then whatever happens just happens. No matter how things turned out some jackass is able to step forward and say "I told you so".
So if some giant asteroid made of vanilla pudding drops out of sky and is about to kill everyone, at least one shithead is going to be able to turn to someone and say "I told you so".
It's not amazing or miraculous that people make predictions that come true. It's amazing that we ignore the millions upon millions of bad guesses people make and point to the few hits and think it's really miraculous. No, it's not.
Listening to this, it is scary how accurate his prediction was/is.
I hope it all goes down including the government.
@alex droogy that's probably because they raised hooligans rather than intelligent human beings.
Lot here believe crypto will survive a crash. Maybe. But since crypto requires a continued internet and you don’t actually own anything - good luck with that. As for me - buy silver!
Doubt it crypto’s aren’t some magical hedge to an apocalypse, they will go up and fall with the S&P. food water and basic resources will be more important in a collapse.Who the hell cares about a digital currency when people don’t have jobs and food.
Watching in 2020!
There are select bubbles but not as big as the tech bubble circa 2001 or the real estate bubble circa 2007. So there will likely be a correction but not a full blown crash, except maybe a temporary crash that's driven by fear, but not one supported by fundamentals.
Buy Gold and Silver and Miners. Only safe haven left. Real money is gold and silver.
Until spaceX mines the first asteroid and doubles the mined gold in the world overnight
Do not buy gold and silver they'll be no time to cash it in and no one will take it if you would do have it. Just take all your money out of the bank how did in your house and if the economy adjust to the market adjust this put it back in the bank. , by taking your money out you have everything to lose by keeping it in
J no Bitcoin baby Bitcoin is the future gold silver for old heads future is coming
Sheev Palpatine agreed
J try to go to the grocery store with an ounce of gold or a gas station see what it gets you
Bitcoin
Rogers has been saying this for decades. Quick everyone run for higher ground.
Even a broken clock is right two times per day. one thing I never try to predict....the future!
i totally bet that trump has nothing to do with it xD
They are gonna blame it on him eitherway ...
Invest in bitcoins !!!
Speculative investment. Worthless without conversion to normal currency, which is also faith based. Governments will eventually be regulating them as a necessity to avoid illegal activity. They'll be treated the same as a stock or bond for taxes.
Something to look forward too
Great
Fear mongering
wag1 I think it's an advertisement?
wag1 Ppl like you was saying the same thing 2006-2007. but if you was prepared you would be in a better posotion
wag1 old dude doesn't understand technology, things the world is ending😆
alrayyes We didn't elect "simpletons" we selected "shills" from a list of pre-approved shills. The simpletons are the ones who think it matters who we "select."
alrayyes Yep. You pretty much got it. I've realized that that type of thinking is way ahead of the mainstream and so I must wait for the process to catch up. In the meantime focus on the positive. What else can you do? Don't worry, be happy.:)
Maybe that's easy for me to say having lost everything already. I had my own personal crash so now the national one will be of little significance to me.
Don't need to be an expert to figure that out.
We have looking for a crash since 2008. We don't get one because we are looking and making adjustments. Just as he stated. It happens when we are not looking, but we are looking.
He's been singing this song for many years
I call bullshit. This old man doesn't know what he is talking about
Bitcoin is the future
Ether is the future
Taylor came here to comment that
Asa Akira is the future
Taylor one coin is the future
Taylor Where is the inner value in bitcoin? There is NONE. It is nothing but blind faith in a "fancy" math and computer system that very few understand.
We keep hearing this over and over
Three years later and still counting.
He said you are lucky because you have a SECURED job. Reported didn't even realize what that meant... Lucky soul..
so there could be a crash... when ? oh the end of this year or next year
.. what would be the cause ? oh it could be anything .... right..
wow really insightful
...
8/21/2019 still waiting dude
right, he did not take into account the "Orange Swan" event!! ;D lol.
Lol it was inevitable. Thanos voice
The start of 2008 financial crisis was the bankruptcy of America bank Lemann Brother. Not until than did all of Icelandic PRIVATE banks fail.
Having failed financial system was of course a big problem for Iceland but we managed to go through it by having most of the damage fall on the PRIVATE banks creditors and not Icelandic State or public.
Today our national dep is 47.5% and falling. Growth was 7.2% last year and inflation has been under 2.5% since beginning of 2014.
All this talk about Iceland failing isn't the best logical argument that he can make but maybe it is a good emotional argument for someone that doesn't know anything about Iceland.