Marxist Billionaire "George Soros" Betting On Imminent US Stockmarket Collapse!

[lunchbox]

Please don't plan your retirement around this and this alone.

Diversification as fine but the likelihood of that paying out versus stocks/bonds over the long term between now and when you retire is extremely low even discounting the potential for government legislation banning ownership or transfer.

Wall-street is no more of a scam than anything else out there and for better or worse it is the system that we all live comfortable retirements or live in abject poverty.

Don't put all your eggs in one basket. Whether that be Wall-street or gold or guns/ammo/parts.

No I wouldn't concider guns/parts as my retirement package (have pretty good 401k and I believe my accountant wife set up something), but you have more faith in our system than I do, most do. I use guns/parts/ammo as supplemental income, has yet to burn me vs friends whom have played market. Oh, then there's the investment firms and brokerages, their always looking out for your best interests......EDIT: and if by chance the demand never arises from political climate to sell guns/ammo, well then I got a bunch of toys to play with! I would be completely cool with this.

[Crow Hunter]

No I wouldn't concider guns/parts as my retirement package (have pretty good 401k and I believe my accountant wife set up something), but you have more faith in our system than I do, most do. I use guns/parts/ammo as supplemental income, has yet to burn me vs friends whom have played market. Oh, then there's the investment firms and brokerages, their always looking out for your best interests......EDIT: and if by chance the demand never arises from political climate to sell guns/ammo, well then I got a bunch of toys to play with! I would be completely cool with this.

I have been "playing the market" since 1997 and I haven't been burned yet. Where I have gotten burned is by not putting more into the market when it was down and not having any "dry powder" to rebalance out of during a market correction/downturn. I would be retired right now if I had rebalanced from bonds into stocks during 2008-2009 crisis. Instead, I was all stocks and I missed the mother of all buying opportunities all I could do was just keep buying more in my 401k.

To butcher Churchill: It is the worst economic system, except for the others.

I too have some extras stuff lying around and if we do have another run on guns/parts in 2016, I plan on selling off my Polytech AKS-762 Side Folder along with a couple or 3 of LE Marked Milspec Pin 6920s that I have sitting in the safe collecting dust.

[ScottsBad]

I would agree that a "good number of this nation's leading financiers and industrialists, as well as leading financial institutions" are acting against the interests of the United States and it's citizens for personal gain. I would not have any reservations about using the word "sinister" to describe many of their motivations.

Banks giving huge loans to people grossly unqualified to manage them led to the housing collapse, which then collapsed the economy which resulted in massive job losses and the only people to get bailed out were Wall Street and that was done with US tax dollars.

If I were to devise a sinister plan to destroy a country I'm not sure I could have come up with anything better than the above.

Actually, what happened is that the lefties, in this case led by Barney Franks, felt it was necessary to change the banking rules to REQUIRE banks to give loans to unqualified (read Democrat constituents) buyers, This was done so that these DISADVANTAGED groups could have access to the American Dream. No thought was put into the consequences.

The Democracks told the banks that if they didn't loan money to these groups that the banks could not expand their operations. So, cheap money was given to people who could only afford the loans as long as the real estate prices kept rising and the economy remained strong.

Soon however, the banks, which had a green light from Washington, began handing out loans to anyone and everyone that was breathing. The real estate and economy boomed, until it didn't. As the business cycle shifted into low gear suddenly a few layoffs turned into foreclosures, foreclosures became a weak housing market, the wealth effect went into reverse, and the whole thing collapsed.

Washington started it, the banks extended it and used it, buyers bought into it. Everybody lied. All were at fault. But Washington and its ignorant do-gooder and vote buyer liberals created the problem with stupid policies.

You can blame the banks to some extent, but the Government created the necessary predicate for the disaster and then threw gasoline on it with ridiculously low interest rates and lack of oversight.

BTW - Soros is an evil figure IMHO. He appears to dislike the US and will resort to any type of manipulation he can to enrich himself.

IT is widely known that he bet on and architected the collapse of the Bank of England for his own gain, hurting pensioners, investors, and the country. He is also currently involved in the on-going monetary crisis in Argentina.

He funnels money to radical progressive organizations that are intent to push the US toward socialism and perhaps crash the US economy. His dollars are also funneled through many foundations to media matters which is intent on manipulating the US main stream media.

Soros, of Jewish decent, was a boy who had no compunction about working for the Nazis against his own people during the war. He is a despicable human IMHO.

[markm]

Bump for Drop in DOW. We could be at the start of a correction... An article even mentioned the Ebola situation as a factor.

[Denali]

Bump for Drop in DOW. We could be at the start of a correction... An article even mentioned the Ebola situation as a factor.

I don't think that Ebola is what ol George had in mind, however Ebola if left unchecked, will definitely contribute to corrections, certainly the lame CDC explanations and responses haven't helped matters...

[Crow Hunter]

Bump for Drop in DOW. We could be at the start of a correction... An article even mentioned the Ebola situation as a factor.

It isn't Ebola.

It is because I made a contribution earlier this month.

If anyone wants it to go back up they just need to give me some money to contribute. On the day I do, it will go back up. Then it will go back down.

I am a negative contrarian indicator. Whatever I do, do the opposite.