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Breaking Doom: The stock market will collapse within a year!

 
No Escape
User ID: 69833999
United States
06/19/2017 08:27 AM
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Breaking Doom: The stock market will collapse within a year!
Rogers: Itís going to be the biggest in my lifetime, and Iím older than you. No, itís going to be serious stuff.

Weíve had financial problems in America ó letís use America ó every four to seven years, since the beginning of the republic. Well, itís been over eight since the last one.

This is the longest or second-longest in recorded history, so itís coming. And the next time it comes ó you know, in 2008, we had a problem because of debt. Henry, the debt now, that debt is nothing compared to whatís 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.

Itís going to be the worst in your lifetime ó my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget: Can anybody rescue us?

Rogers: They will try. Whatís going to happen is, theyíre 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. Itís Western civilization. Itís going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And theyíll try, but it wonít work. Itíll cause some rallies, but it wonít work this time.

Blodget: And we are in a situation where Western civilization already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

Rogers: Well, thatís why I moved to Asia. My children speak Mandarin because of whatís coming.

Youíre going to see governments fail. Youíre going to see countries fail, this time around. Iceland failed last time. Other countries fail. Youíre going to see more of that.

Youíre going to see parties disappear. Youíre going to see institutions that have been around for a long time ó Lehman Brothers had been around over 150 years ó gone. Not even a memory for most people. Youíre going to see a lot more of that next around, whether itís museums or hospitals or universities or financial firms.

[link to www.businessinsider.com]

hiding
Anonymous Coward
User ID: 75042110
United States
06/19/2017 08:28 AM
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Re: Breaking Doom: The stock market will collapse within a year!
ohlook
Anonymous Coward
User ID: 48658616
United Kingdom
06/19/2017 08:29 AM
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Re: Breaking Doom: The stock market will collapse within a year!
ohlook
Anonymous Coward (OP)
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United States
06/19/2017 08:30 AM
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Re: Breaking Doom: The stock market will collapse within a year!
ohlook
 Quoting: Anonymous Coward 75042110


Oh look it's this image again. Jim Rogers is some man with lots of moneys. That makes his opinion credible. Absolute doom is on its way, and there is nothing that can save us.
Anonymous Coward (OP)
User ID: 69833999
United States
06/19/2017 08:32 AM
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Re: Breaking Doom: The stock market will collapse within a year!
ohlook
 Quoting: Anonymous Coward 48658616


you'd think that the Federal Reserve could afford better shills. At least change your message a bit before firing up your proxy.
Anonymous Coward
User ID: 69513758
United States
06/19/2017 08:35 AM
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Re: Breaking Doom: The stock market will collapse within a year!
Just buy every dip.

You can't lose.
Anonymous Coward
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Austria
06/19/2017 08:35 AM
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Re: Breaking Doom: The stock market will collapse within a year!
[link to www.youtube.com (secure)]
5a
Anonymous Coward
User ID: 33127307
United States
06/19/2017 08:37 AM
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Re: Breaking Doom: The stock market will collapse within a year!
It will in it's own sweet time.

No question of if it will.
Anonymous Coward
User ID: 69513758
United States
06/19/2017 08:39 AM
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Re: Breaking Doom: The stock market will collapse within a year!
It will in it's own sweet time.

No question of if it will.
 Quoting: Anonymous Coward 33127307


In the mean time buy every dip.

You absolutely can not lose in this market.
Anonymous Coward
User ID: 72355989
Australia
06/19/2017 09:27 AM
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Re: Breaking Doom: The stock market will collapse within a year!
Rogers: Itís going to be the biggest in my lifetime, and Iím older than you. No, itís going to be serious stuff.

Weíve had financial problems in America ó letís use America ó every four to seven years, since the beginning of the republic. Well, itís been over eight since the last one.

This is the longest or second-longest in recorded history, so itís coming. And the next time it comes ó you know, in 2008, we had a problem because of debt. Henry, the debt now, that debt is nothing compared to whatís 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.

Itís going to be the worst in your lifetime ó my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget: Can anybody rescue us?

Rogers: They will try. Whatís going to happen is, theyíre 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. Itís Western civilization. Itís going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And theyíll try, but it wonít work. Itíll cause some rallies, but it wonít work this time.

Blodget: And we are in a situation where Western civilization already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

Rogers: Well, thatís why I moved to Asia. My children speak Mandarin because of whatís coming.

Youíre going to see governments fail. Youíre going to see countries fail, this time around. Iceland failed last time. Other countries fail. Youíre going to see more of that.

Youíre going to see parties disappear. Youíre going to see institutions that have been around for a long time ó Lehman Brothers had been around over 150 years ó gone. Not even a memory for most people. Youíre going to see a lot more of that next around, whether itís museums or hospitals or universities or financial firms.

[link to www.businessinsider.com]

hiding
 Quoting: No Escape 69833999


bsflagbsflagbsflagbsflag

They will just fudge the figures. Will never happen ever.

The only thing that will kill it is all out nuclear war. Not likely to happen
Anonymous Coward
User ID: 74165164
United States
06/19/2017 09:47 AM
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Re: Breaking Doom: The stock market will collapse within a year!
bsflagbsflagbsflagbsflag

They will just fudge the figures. Will never happen ever.

The only thing that will kill it is all out nuclear war. Not likely to happen
 Quoting: Anonymous Coward 72355989


Not even that will kill it.

In fact it will probably rally even harder if that occurred.
Anonymous Coward
User ID: 72355989
Australia
06/19/2017 10:06 AM
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Re: Breaking Doom: The stock market will collapse within a year!
bsflagbsflagbsflagbsflag

They will just fudge the figures. Will never happen ever.

The only thing that will kill it is all out nuclear war. Not likely to happen
 Quoting: Anonymous Coward 72355989


Not even that will kill it.

In fact it will probably rally even harder if that occurred.
 Quoting: Anonymous Coward 74165164


All out nuclear war means death to all on both sides, MAD. But I see your humor LOL.

The headline "All that survives are cockroaches and Wall Street"
Deplorably Charlotte

User ID: 75041925
United States
06/19/2017 10:15 AM

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Re: Breaking Doom: The stock market will collapse within a year!
ohlook
 Quoting: Anonymous Coward 75042110


I'm gonna need a bigger box for all my nickels
Current Status:
Just using my brian-by shaving my family that are bringing in the tomato plants because the steaks are high. I'm no moran.


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