The REAL Crisis is Finally Here... Are You Prepared For It?

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Sun, 08/07/2011 - 22:26 | 1535035 Livingstrong
Livingstrong's picture

YEEHAW! Bring it on, baby, I am ready!!

Sun, 08/07/2011 - 22:12 | 1534979 vast-dom
vast-dom's picture

Hey where's that $350/oz gold?


If it's too good to be true.........


Lucky Charms!

Sun, 08/07/2011 - 22:02 | 1534949 Stuck on Zero
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The real impact of all of this will come from overseas.  Most Americans are pretty much disgusted with Wall Street, petty corruption, and the rigged U.S. markets.  Overseas the U.S. is still the big, perfect, unassailable, undefeatable empire that can send warships anywhere.  When the foregin markets start panicking about the dollar and the status of the U.S. we're toast.

Sun, 08/07/2011 - 21:54 | 1534920 automato
automato's picture

This is a horrible movie! You know the line from the "American President" when Robin McCall: I think the important thing is not to make it look like we're panicking. 

President Andrew Shepherd: See, and I think the important thing is actually not to BE panicking. Well every time some government bozo or economics clown or wildman from omaha opens their stupid mouth they ALL look like they are panicking. I just wish they would all SHUT THE FUCK UP!

Sun, 08/07/2011 - 21:52 | 1534907 President Palin
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Just like in 2008 we’re going to see a full-scale market Crash.


Is that why you had the people who subscribe to your "newsletter" exit their short positions on Friday?

So, how exactly are you different from the schills on Wall Street?

Sun, 08/07/2011 - 21:52 | 1534901 Sunshine n Lollipops
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I bought a tired old Fiat many years ago. Had to junk it when the driver's seat fell through the rusted-out floorboard.


I think not.

Sun, 08/07/2011 - 21:22 | 1534750 SHRAGS
Sun, 08/07/2011 - 21:14 | 1534726 Slap That Taco
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Sun, 08/07/2011 - 22:16 | 1534993 I did it by Occident
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I knew something was different but yet familiar at the same time. 

Sun, 08/07/2011 - 21:13 | 1534720 Stormdancer
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It's doubt about that.  But I suspect we still have a few weeks of thrashing about before total panic takes over.

Still too many people out there that don't understand the fundamental nature of the changes we've been seeing the past few years.

Problem is it could happen tomorrow.  All the foundations are gone but predicting when the psychology will finally collapse the illusion is beyond me.  I'm trying to be alert to when China, Japan or Russia begin dumping Treasuries because I think that is a big key.  I believe that once any major holder of Treasuries begins to dump, all the others will have to follow suit if they hope to save any of the purchasing power of those portfolios and things will move quite rapidly from that point.

At that point the FED prints like mad, hyperinflationary death throes begin for the dollar, confidence is lost and the dollar is repudiated ... destroyed.  Or, they don't print, sovereign default, confidence is lost and the dollar is repudiated...destroyed.

Not sure it matters all that much which path is chosen, the destination is pretty much the same either way.

Sun, 08/07/2011 - 22:10 | 1534975 CrimsonAvenger
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I play "Don't Break the Ice" with my kids; feels a lot like that. You can knock out some blocks and nothing happens, but you get to the point where one block causes all the rest to fall, and it all happens at once. Only problem is we can't see which brick is going to bring the whole damn thing down.

Sun, 08/07/2011 - 21:59 | 1534941 Mad Mad Woman
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I agree. I feel we have about 45 days or so before it really crashes. And it will start in the EU and then it goes viral. We're getting closer by the day.

Honestly, I can't wait for it to happen. It should've happened a while back but Ben & Friends went into overdrive to postpone the day of reckoning. Now Ben is to the point where no matter what he does it will not work.  Ben and friends better start watching their backs because when it happens there will be an awful lot of people that will be looking for revenge.

We're in for some very interesting times ahead.

End game is near. Finally.

Sun, 08/07/2011 - 22:17 | 1534998 Stormdancer
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For what it's worth (not a damn thing :), I'm thinking about the same.  It's all pretty academic to me...I have nothing riding on timing, just fun guessing :)  45 days is a good guess from where I'm standing.

Sun, 08/07/2011 - 21:03 | 1534672 Diogenes
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It doesnt happen all at once. This is just one more step in a process that has been going on since Bush took office and wont come to an end in your lifetime.

Sun, 08/07/2011 - 21:22 | 1534766 notadouche
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Dude, Nasdaq was in the middle of an 80% correction the day the Clinton Admistration ended, lest we forget.  This shit started LONG before Bush or Clinton took office.  Though Bsh certainly didn't help mattters but this has been coming for decades.  Don't be naive and believe this is just one administrations fault, one parties fault and when they get in office the realize the pile of shit they step into so they all try to manipulate and kick it down the road so as it not to technically come to an end under their watch.  But if we the people can't see through the BS to realize ALL that happened and it is near impossible to differentiate the parties from one another unless you look through myopic lenses.  Doing so is the real threat to our future survival.

Sun, 08/07/2011 - 22:18 | 1535004 I did it by Occident
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been happening since, oh, about 1913, methinks.  :)

Mon, 08/08/2011 - 00:14 | 1535581 StychoKiller
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The "Creature" (from Jekyll Island!) STILL walks among us! :>(

Sun, 08/07/2011 - 21:42 | 1534856 RockyRacoon
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Bailed out Chrysler, the S&Ls, and then there was LTCM.   It's all of a piece, and the pieces are about to come together.

Sun, 08/07/2011 - 21:02 | 1534663 pgarner
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Relax. It's all explained in the 17 page FREE report.

Sun, 08/07/2011 - 21:00 | 1534652 IQ 145
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Well, I'm almost prepared for it; although I have to admit I haven't yet started a newsletter; which judging by the author's activities must be part of the preparation.

Sun, 08/07/2011 - 20:50 | 1534610 problemfixr
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I hope no one, anywhere on the planet, ever has to pay one penny for this newsletter.  I want that 3 minutes of my life back.

Sun, 08/07/2011 - 21:01 | 1534658 pgarner
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+10. Why does Phoenix get any exposure here?

Sun, 08/07/2011 - 21:34 | 1534818 blindman
blindman's picture

because he is brief, consistent and correct?
we will see

Sun, 08/07/2011 - 19:54 | 1534581 CompassionateFascist
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Just to be on the safe side, I ran my check-writing and internet accounts; now nothing but cash and silver. Still, it feels "too early". 8/8/11 will be memorable, but not yet System Collapse. I hope....

Sun, 08/07/2011 - 21:02 | 1534665 IQ 145
IQ 145's picture

You want a Guru; you want somebody to listen to? Listen to Marc Faber; he;'s recently on record as indicating the stock market will rally and fall back and rally and fall back. This silly shit is going to go on for years. This particular blog gives you a very weird perspective on the world; they're going to keep playing musical chairs and kick the can for years.

Sun, 08/07/2011 - 22:30 | 1535047 Stormdancer
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I'll take that bet. We've got weeks, months at best. The end game devolves much more rapidly than the mid-game.

Sun, 08/07/2011 - 21:30 | 1534800 YC2
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like the Nikkei since that bust.  thats been my thesis except with liftoff at the end due to different makeup in bondholders, etc.


I call it "Gold and cash, buy the crash".  I am almost certain the rhyming adds to the profitability.

Sun, 08/07/2011 - 21:18 | 1534743 Stormdancer
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Sorry, this fiat can has reached its mathematical limits.  They *might* somehow magic up a new can...gotta leave room for the possibility, they'ver surprised me before... but the US dollar as we currently know it is toast.  A mathematical certainty and it's inevitable.  No turning back now.  Kick now and the can explodes.  Sooner or later :)

Sun, 08/07/2011 - 21:37 | 1534815 CompassionateFascist
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Silver up c. $2 in last 3 any rate, the canary is singing. I'm going out for a bicycle ride; if it's up another $ by the time I get back, this is IT: economic explosion and cave-in. By the way, if we can't junk (punch) this is not Fight Club.

Sun, 08/07/2011 - 22:19 | 1535005 YC2
YC2's picture

I hate to be "that guy", but rewatch fight club.  Its not about punching, and this site's relation to the movie is much deeper.  Here is a hint for what to look for from wikipedia:


"Fincher intended Fight Club's violence to serve as a metaphor for the conflict between a generation of young people and the value system of advertising"


I mean, the last scene is CC buildings blowing up with minimal casualties to "reset the debt record".  Lots of more meaningful ties than being a tough guy with the junk button.

Sun, 08/07/2011 - 22:30 | 1535048 CompassionateFascist
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Ah, no...I'm talking about a real-world FC, not milk-and-water WIKI stuff: where punches knock out teeth, and where buildings collapse on top of flesh and blood; cf. 9/11...CW II...TEOTWAWKI. No update at KITCO while I was out, so 24 hr. silver still looks like an upward asymptote. If it hits $50 by midnite (PST), it's Hendry "I would recommend you panic" time. Surely, that won't happen. (?) Also, I gave you 15 imaginary junks.

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