Uploader Comments (cgreene34)
All Comments (34)
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Can you address the issue of the FED being a private corporation charging the government enormous amounts of daily interest therefore eliminating the possibility of paying down the national debt. How do you address that money is just paper? That it has zero backing, that people are beginning to understand that it is a debt based system via the very foundation of fractional loans. Lots of questions that can unlikely be answered. Prep yourselves people, we have some major changes on the horizon
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people say the US is being bankrupted delibrately, which i suppose is true if the people at the fed and government just sit by and don't intervene, i'm not into stocks, too complicated but i understand gold n silver very well
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"Get Out Of Stocks Before It's Too Late ".....
You're right to think the stock market should crash. You were wrong in fighting the Fed. You don't know what POMO is and it's effect on stocks. Follow POMO activity on ZeroHedge and you could have made a but load since Auguest going long stocks.
Peace out.
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Liz Warren was on the Charlie Rose show recently. She said the slated resets from 2011-13 in commercial real estate terrify her.
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We are not replacing jobs? But President Clinton assured us when he signed NAFTA that we would have high-paying service sector jobs! I don't understand!
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Hi, you say staying in cash. Do you have it stacked at home? In case of collapse, I believe you can forget about the bank handing it to you. And what about precious metals? Is it not better having PM rather than cash? What do you think? Thanks.
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Agreed about the markets, but I'd add that one should be looking at the precious metals gold and silver rather than holding paper over the next year.
Hi Chris, I am a novice to the market. What type of indicators tell you that the market will plunge? Thanks! Peace & Prosperity
jenndawg000 1 year ago
@jenndawg000 Trading volume is anemic, 17% U6 unemployment rate and still not improving, 8 million homes in foreclosure including shadow inventory still has not hit the market, home prices still declining across the country (-50+ percent in states such as AZ), 2.4% real GDP growth is weak based on recent estimates, massive deficits 13 trillion and growing, Government is supporting the illiquid mortgage back security market Fannie/Freddie, huge bid on US Treasuries (2-year at all-time low)...
cgreene34 1 year ago
@cgreene34 everything has been going up really high in the last two days, why do you think that is happening despite the gloom we are in? thanks chris
jenndawg000 1 year ago
@jenndawg000 The market has been up the past few days but is in the worst bear market in history since the 1930's. The market can be irrational at times but the fundamentals will always matter long-term (i.e. the stock market collapse in 1929, the tech bubble collapse in 2000's, the housing and stock market collapse in 2008) and now the sovereign debt fueled collapse that we will have in 2010.
cgreene34 1 year ago
@jenndawg000 the list goes on and on :)
cgreene34 1 year ago
Chris, thanks for your expertise & knowledge. I am not currently in the stock market, nor do I have an IRA/Roth IRA or a 401K. I do however, have small savings which I am backing with silver. For every $20 bucks in cash I have in my credit union, I back it with one ounce of silver (physical one ounce coins that I keep in a safe at home). My girlfriend thinks I'm crazy & wants me to get back in the market. What are your thoughts? Am I crazy?!
p.s. you remind me of Schiff meets Gretzky
MichaelDanePetersen 1 year ago 2
@MichaelDanePetersen Thanks for the comments! I've heard the Gretzy comment before (cool with me, he was a great hockey player, ha). No, you are not crazy. Stay liquid and continue to save. There will be a better time to get back into the market. I would wait until we close out the remainder of 2010 before considering stocks. There will be a better opportunity to buy and then you can diversify out of some of your precious metal holdings.
cgreene34 1 year ago