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Cinnamon

JIM ROGERS: The worst crash in our lifetime is coming

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Is this guy accurate or more fear porn?  Everyone I know is already struggling. They don't have much else left to lose. 

<snip>

ogers: It’s going to be the biggest in my lifetime and I’m older than you. No, it’s going to be serious stuff. We’ve had financial problems in America -- let’s use America -- every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one. This is the longest or second longest in recorded history, so it’s coming. And the next time it comes -- you know, in 2008, we had a problem because of debt. Henry, the debt now -- that debt is nothing compared to what’s happening now. In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now, even the Chinese have debt and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times, since 2008. It’s going to be the worst in your lifetime, my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget:   Can anybody rescue us?

Rogers: They will try. What’s going to happen is they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, ‘You must save me. It’s Western civilization. It’s going to collapse.’ And the Fed, who is made up of bureaucrats and politicians, will say, ‘Well, we better do something.’ And they’ll try but it won’t work. It’ll cause some rallies but it won’t work this time.

<snip>

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

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Fear porn that's been going since '08. You don't have depression and war at the same time. War is what I think will happen and some of us will actually make money.

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Everything going as planned, Muhahaha

A fiat currency usually only last about 40 years, some say less.

The dollar as we know it today, started in 1971....when Nixon took us off the gold standard.

That's 46 years.......

http://georgewashington2.blogspot.com/2011/08/average-life-expectancy-for-fiat.html

Look on the bright side, soon, we may all be millionaires......:D

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40 minutes ago, Cinnamon said:

Is this guy accurate or more fear porn?  Everyone I know is already struggling. They don't have much else left to lose. 

<snip>

ogers: It’s going to be the biggest in my lifetime and I’m older than you. No, it’s going to be serious stuff. We’ve had financial problems in America -- let’s use America -- every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one. This is the longest or second longest in recorded history, so it’s coming. And the next time it comes -- you know, in 2008, we had a problem because of debt. Henry, the debt now -- that debt is nothing compared to what’s happening now. In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now, even the Chinese have debt and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times, since 2008. It’s going to be the worst in your lifetime, my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget:   Can anybody rescue us?

Rogers: They will try. What’s going to happen is they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, ‘You must save me. It’s Western civilization. It’s going to collapse.’ And the Fed, who is made up of bureaucrats and politicians, will say, ‘Well, we better do something.’ And they’ll try but it won’t work. It’ll cause some rallies but it won’t work this time.

<snip>

http://www.marketwatch.com/story/sex-in-an-airplane-seat-berating-staff-on-video-airline-passengers-reach-a-new-low-2017-06-09

Wrong link?

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Jim has been saying that it is coming for a few years now, I can see it ending in no other way, we are drunk with debt, the party is over, prepare for the hangover.

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25 minutes ago, titanic1 said:

Jim has been saying that it is coming for a few years now, I can see it ending in no other way, we are drunk with debt, the party is over, prepare for the hangover.

I think a chance still exists to escape the beast. But alas we are looking at a set of failing economies around the world. If the economic problems do not get us then the war caused by them will :(

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The cycle of financial scams since the birth of the petrodollar:

1973: Energy crisis

1986-90: S&L crisis

2000-2001: Dotcom bubble crash & 9/11

2007-2008: Subprime mortgage bubble crash & too big to fail bailouts

2017?

2018: Year predicted on the cover of 9 January 1988 Economist for a one-world currency

FACT: it is a mathematical certainty that the U.S. government debt will eventually reach the level where even the interest cannot be paid

What's next when you can't pay your debts? WW3 and the imminent global economic collapse. It's not a matter of if; it's a matter of when

WW3: East v. West, i.e. Russia & China v. the U.S. & U.K. (including the British Commonwealth countries)

Financial/economic collapse: those who control ALL monetary policy and the money supply, i.e. the international banking cartel (aka the banksters) want to create the maximum amount of chaos to bring the general population to its knees begging for their planned one-world government and their "new world order" out of the chaos t.h.e.y. created.

http://JforJustice.net/tbcre

 

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