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Market Crash Worser Than Great Depression's

Discussion in 'BlackHat Lounge' started by BlackSeng, Sep 25, 2011.

  1. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    While I was reading an article in MSNBC, someone commented and shared a very interesting link:

    http://www.tradingstocks.net/html/prepare_for_market_crash.html

    Your opinion?
     
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  2. Roparadise

    Roparadise BANNED BANNED

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    I say buy up shares in companies that are extremely stable and will make it through the depression.
     
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  3. Michael Fied

    Michael Fied Junior Member

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    BlackSeng thanks for the post~ I would not buy up stocks from stable companies because in the long term the government is going to take your stocks and assets anyways. Just something to think about
     
  4. Roparadise

    Roparadise BANNED BANNED

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    If the U.S. becomes socialist then the best business to be in would be smuggling.
     
  5. onlythabst

    onlythabst Jr. VIP Jr. VIP Premium Member

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    Why would you suggest that? Those companies will still have a downward trend regardless of their earnings. Preacher predicts stocks will go down 90% - How then do you think it would be a good idea to even put money in your view "stable companies". No company's stock will be in the black, when every other company's stock is severely in the red.
     
  6. darkmonk

    darkmonk Regular Member

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    I agree with maddness and would add buy natural resources. Water, oil, food, food production - agricultural equipment, agricultural raw materials, metals, miners, anything at the root of what nations fight over. There's a finite supply but population still increases. I would probably buy some defense companies too, because I think all of this is leading to another world war.
     
  7. IbetUlol

    IbetUlol Newbie

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    that is exactly what i am thinking.
    buy companys with big moats and competitive advantages.

    :)
    and buy precious metals!
     
  8. IbetUlol

    IbetUlol Newbie

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    yes, sure but you would still have the shares and in case of an inflation your hole money would be worthless...
     
  9. Jonny Quick

    Jonny Quick BANNED BANNED

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    Inflation is coming. That is how these governments are going to "solve" this crisis. The less their money is worth, the less debt they have to pay.
     
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    Last edited: Sep 25, 2011
  10. neford

    neford Newbie

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    I have followed Prechter for awhile and he is a genius you should all read his book every suggestion I have seen above is wrong something to think about in the first depression there was 30% unemployment so what does that mean 70% of the people were still working, so what do all people need irregardless of the depression and forget stocks people used the certificates to paper their walls in the last depression

    Cash will be king everything else will become almost worthless ( the depression we are currently in ) looks to bottom some time in 2016 if you can some how preserve your capital you will become wealthy

    There is a perfect Head & Shoulders pattern that is set up on the Dow ( posted by Prechter ) and it's projection for the Dow is 3000 yum yum give me some stocks

    Cash will be King imagine buying the Dow at the end at 3000 and retiring
     
  11. ascoolasice

    ascoolasice Newbie

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    Anyone have any thoughts on the US dollar VS the Canadian during all this? We looking at parity or will the US be strong once again>
     
  12. onlythabst

    onlythabst Jr. VIP Jr. VIP Premium Member

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    I don't think you know how stocks work. If inflation goes up, your money becomes worth less. It doesn't matter if that "money" is in cash or bought in shares.
     
  13. britcpa

    britcpa Power Member

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    well worthwhile watching this series of videos (scroll down the following page), which were published in mid 2008 as cataclysmic events were unfolding.

    the author of the free course believes we need to deal with three inter-linked fundamentals: energy crisis (peak oil) / environment (pollution & unsustainability of importing foodstuffs / economy (possible global systemic banking failure)

    HTML:
    http://www.chrismartenson.com/crashcourse
    re-visiting it after three years or so has been an eye-opener when considering how many of his forecasted possible scenarios are being played out in real time right now.

    interesting conclusion to his course (and therefore more credible to me) is that he offers a template we can each of use to assess what we can do on a practical & realistic level depending on how we each evaluate the likelihood of any particular scenario unfolding - i.e.

    1. if you genuinely think that its likely there will be a number of retail banks going under and therefore access to cash will be restricted, how about withdrawing three months of cash to keep for emergencies - if it doesnt happen, the worst case scenario is that you'll perhaps feel foolish when you deposit all the money back into your bank once you believe the crisis point has been passed whereas if it does happen, you'll have cash for food/water/whatever.

    2. start on your own allotment - ie begin growing your own food, even if its just on a small patch of your back garden

    3. begin developing a help-thy-neighbour type of community with like minded peope - i.e friends and family to begin with, but that may expand and in atime of crisis, that small network could become significantly important to your well being and maybe even safety

    etc etc

    end of the day, he isnt saying these things will happen, just that theyre far more likely to happen than at any other time in modern history, so why hide your head in the sand? btw, im no spokesman for him nor am i an advocate of his views, but im happy to debate them if youve spent the time watching the videos or reading the transcripts.
     
    Last edited: Sep 25, 2011
  14. GiftGuru

    GiftGuru Supreme Member

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    The biggest problem you always have in these situations is:

    Where is the bottom?
     
  15. 420friendly

    420friendly Jr. VIP Jr. VIP Premium Member

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    Buy gold, then get a house in the colorado hills with Sat service and relax ;)
     
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  16. Chronos

    Chronos Junior Member

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    I got an idea...

    Enjoy life. Be happy.

    Just sayin'
     
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  17. nightshade787

    nightshade787 Junior Member

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    Some people make money regardless of the state of the economy. I'm trying to get out from the 'fail boat' and move closer to the people who make money.

    Most people use 'bad economy' as an excuse to not do the work.
     
  18. darkmonk

    darkmonk Regular Member

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    Does traffic related to this convert? Like the freeze-dried survival food services types of things Glenn Beck was pushing, do people actually buy them or other products related to economic doom / conspiracy theories / total global collapse / food shortages and riots, etc.? Or is it worthless traffic?
     
  19. ChanceLonestar

    ChanceLonestar Newbie

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    I tried something similar, buy gold online, politically driven... hasn't gotten anything yet. I switched to books... I'll know in a few weeks if it will work.
     
  20. java

    java Guest

    The guy is an idiot with a pathetic track record.

    http://www.businessinsider.com/bob-prechter-forecasts-2011-2
     
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