Interview with Robert Prechter (Mind of Money)

http://www.mindofmoney.com ** http://www.lodmell.com 800-231-7112 Asset Protection Attorney Douglass Lodmell interviews Elliott Wave Theorist, Robert Prechter. In this extended interview Bob and Doug discuss the great Bull Market that began in 1978, which Bob predicted in his first book "The Elliott Wave Principal". They also discuss the great Bear Market which is now upon us and what to expect in the coming 5 years. This is a do not miss interview with a master of the waves. Bob also graciously gave Mind of Money viewers access to his most recent Video Issue of the Elliott Wave Theorist which is an excellent must watch video exclusively at : http://www.elliottwave.com/wave/mindofmoney

Category:

People & Blogs

Tags:

• deflation
• depression
• Debt
• robert prechter
• Bob Prechter
• douglass lodmell
• elliott wave
• theorist
• technical analysis
• stocks
• trading
• market
• mind of money
• interview
• Marc
• Faber
• Peter
• Schiff
• Nouriel
• Roubini
• Ron
• Paul
• Jim
• Rogers
• US
• Government
• Obama
• Bankrupt
• Global
• Economic
• Collapse
• Treasury
• Bond
• Bubble
• The
• Gloom
• Boom
• and
• Doom
• Report
• 2009
• Alex
• Jones
• Max
• Keiser
• Gerald
• Celente
• Economy
• collapse
• dollar
• crises
• finance
• stock
• wall
• street
• bailout
• Elliott Wave Principle

[stockfollower]

Wonderful, insightful video, thanks, so much for sharing this, 5 Stars *****!

[DoNotCiv]

Prechter has amazing insight.

[elliotwave67]

Prechter's insights are brilliant. People who think we're headed straight for hyperinflation do not understand what causes inflation: "credit creation." The Fed creates credit and further credit creation is done via fractional reserve lending. As asset bubbles pop, that credit (now debt) is destroyed via bankruptcies or payment: this is deflation and the value of the remaining dollars rises. Hyperinflation is an eventual possibility, but not until deflation has ravaged the system.

[zevkirsh]

elliot waves. total bullshit. 

[Hanksand]

@Hanksand Or in other words: a ponzie scheme only lasts as long as people are willing to belive in it. Gold and silver requires no faith.

[Hanksand]

Well gold is money and the paradigm of currency changes every 40 years or so. And we are overdue för that change. Dollar may strengthen alot but it may also become completely worthless. US backed debt is worth nothing if noone belives they will pay. You really think theyre gonna sell their gold to pay back their debt. It was suggested that Greece put up some of their gold as collateral for their loans and they refused. Prechter's safety is not worth a continental if its nominated in dollars.

[charronfamilyconnect]

@drkevincampbell Since the mountain of debt far exceeds the Fed notes and cannot ever be paid. What is there to stop the Fed from adding an extra zero on the end of our Fed notes? Do you honestly feel secure holding paper money that people perceive to have value, and can be manipulated and devalued at the discretion of the government/Fed or you think its safer to hold gold and silver(real money as Mr. Prechter states?). You be the judge of this!

[charronfamilyconnect]

Since the mountain of debt far exceeds the Fed notes and cannot ever be paid. What is there to stop the Fed from adding an extra zero on the end of our Fed notes? Do you honestly feel secure holding paper money that people perceive to have value, and can be manipulated and devalued at the discretion of the government/Fed or you think its safer to hold gold and silver(real money as Mr. Prechter states?). You be the judge of this!

[charronfamilyconnect]

@drkevincampbell do your saying confidence will be restored to the US Dollar? What backs this other than confidence? There really isn't any intrinsic value in the artificial dollar? even Preschter says gold is real money. So you saying unreal money will be propped up? If so how long will this illusion last? Gold is real money so why wouldnt it go up in value?

[drkevincampbell]

@charronfamilyconnect Don't be fooled. Deflation is what is coming. It will become clear early 2012 as deleveraging expands and dollar increases in value when commodities fall and flight money moves from Europe into the dollar.

[charronfamilyconnect]

@jvc929 we currently have a recession with monetary inflation and credit bubble. Credit is in a bubble and not gold. I think the straw that breaks the camels back is when interest rates become more realistic. How can you not have continual money printing with low interest rates and depreciation of the dollar?