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Author Topic: How to Survive the Global Chaos of 2016  (Read 3370 times)

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Re: How to Survive the Global Chaos of 2016
« Reply #15 on: December 27, 2015, 02:56:59 PM »
Well so with all that uncertainty here is a new book I just purchased to get ahead of the curve in 2016 - one of several strategies...

High Income Retirement: How to Safely Earn 12% to 20% Income Streams on Your Savngs Kindle Edition
by Dr. David Eifrig Jr. (Author)  Kindle $6.99

http://www.amazon.com/High-Income-Retirement-Safely-Streams-ebook/dp/B00J0F0RW2/

Here, published in one place for the first time, are the step-by-step details of the investing strategy Dr. David Eifrig used to compile his unprecedented track record of profitable trading recommendations. In High Income Retirement, he details how stock options work and how to use them to reduce risk. He also debunks the most common misperceptions of stock options and explains why most people misuse them. Finally, Dr. Eifrig walks readers through step-by-step instructions in how to make his safe, profitable trades.

Out of interest what sort of savings are you talking about?  :chuckle:

LOL Still reading the book...  - the live Retirement Trader subscription service that walks you through specific trading picks is in the thousands...

You don't want to read any of those books! The authors don't give a fig other than selling you the book! I would put any of those books in the same bracket as a dating site scammer  :chuckle:

Good Idea never read a book or newsletter and just remain IGNORANT works for me...  :'(  :knit:  :drunk:

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Re: How to Survive the Global Chaos of 2016
« Reply #16 on: December 27, 2015, 03:13:47 PM »
Well so with all that uncertainty here is a new book I just purchased to get ahead of the curve in 2016 - one of several strategies...

High Income Retirement: How to Safely Earn 12% to 20% Income Streams on Your Savngs Kindle Edition
by Dr. David Eifrig Jr. (Author)  Kindle $6.99

http://www.amazon.com/High-Income-Retirement-Safely-Streams-ebook/dp/B00J0F0RW2/

Here, published in one place for the first time, are the step-by-step details of the investing strategy Dr. David Eifrig used to compile his unprecedented track record of profitable trading recommendations. In High Income Retirement, he details how stock options work and how to use them to reduce risk. He also debunks the most common misperceptions of stock options and explains why most people misuse them. Finally, Dr. Eifrig walks readers through step-by-step instructions in how to make his safe, profitable trades.

Out of interest what sort of savings are you talking about?  :chuckle:

LOL Still reading the book...  - the live Retirement Trader subscription service that walks you through specific trading picks is in the thousands...

You don't want to read any of those books! The authors don't give a fig other than selling you the book! I would put any of those books in the same bracket as a dating site scammer  :chuckle:

Good Idea never read a book or newsletter and just remain IGNORANT works for me...  :'(  :knit:  :drunk:

One of the most important things in life is successful time management every hour counts. I would never waste hours reading a book unless it was important. Use your time wisely is what I always say.. Its a pity we have to sleep isn't it  :chuckle:
I support no government anywhere, ever, never. No institution, No religion!!

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Re: How to Survive the Global Chaos of 2016
« Reply #17 on: December 27, 2015, 04:01:24 PM »
Its pretty easy to survive any global crisis.

1. Hold on to your cash , don't trust a soul with it under no circumstances.

2. Live in a country where you can live under the radar or move from country to country.

3. Invest only in bricks and mortar and nothing else.

4. Do not become part of the system.

5. Trust NOBODY.

 :smokin:

Not a new idea: https://en.wikipedia.org/wiki/Perpetual_traveler

To be a perpetual traveller you have to be rich and without ties, such as the need to manage a business or have a family in your country of citizenship. Something few have the ability to achieve. 
Ipsa scientia potestas est. Knowledge itself is power.   Sir Francis Bacon


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Re: How to Survive the Global Chaos of 2016
« Reply #18 on: December 28, 2015, 04:11:15 AM »
Westcoast, your carers have been reading the wrong webpages for you.
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus

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Re: How to Survive the Global Chaos of 2016
« Reply #19 on: December 29, 2015, 03:01:03 AM »
Its pretty easy to survive any global crisis.

1. Hold on to your cash , don't trust a soul with it under no circumstances.

2. Live in a country where you can live under the radar or move from country to country.

3. Invest only in bricks and mortar and nothing else.

4. Do not become part of the system.

5. Trust NOBODY.

 :smokin:

Not a new idea: https://en.wikipedia.org/wiki/Perpetual_traveler

To be a perpetual traveller you have to be rich and without ties, such as the need to manage a business or have a family in your country of citizenship. Something few have the ability to achieve.

I don't think you have to be rich!
I support no government anywhere, ever, never. No institution, No religion!!

Offline WestCoast

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Re: How to Survive the Global Chaos of 2016
« Reply #20 on: December 29, 2015, 10:37:34 AM »
Its pretty easy to survive any global crisis.

1. Hold on to your cash , don't trust a soul with it under no circumstances.

2. Live in a country where you can live under the radar or move from country to country.

3. Invest only in bricks and mortar and nothing else.

4. Do not become part of the system.

5. Trust NOBODY.

 :smokin:

Not a new idea: https://en.wikipedia.org/wiki/Perpetual_traveler

To be a perpetual traveller you have to be rich and without ties, such as the need to manage a business or have a family in your country of citizenship. Something few have the ability to achieve.

I don't think you have to be rich!

How would you support yourself? Pay for the next airplane flight across the Atlantic or Pacific? With no legal right to work where would your income come from?

Even if you're working illegally it takes time to find an illegal job and save up enough money to travel to the next country. Unless you're working for long periods of time such as years in each country before moving to the next country you're going to have trouble saving up enough money to support yourself and to move on to the next country.

How likely is it that you could work illegally in each country you visited without getting caught and jailed and/or deported?
Ipsa scientia potestas est. Knowledge itself is power.   Sir Francis Bacon

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Re: How to Survive the Global Chaos of 2016
« Reply #21 on: December 29, 2015, 02:18:03 PM »
Its pretty easy to survive any global crisis.

1. Hold on to your cash , don't trust a soul with it under no circumstances.

2. Live in a country where you can live under the radar or move from country to country.

3. Invest only in bricks and mortar and nothing else.

4. Do not become part of the system.

5. Trust NOBODY.

 :smokin:

Not a new idea: https://en.wikipedia.org/wiki/Perpetual_traveler

To be a perpetual traveller you have to be rich and without ties, such as the need to manage a business or have a family in your country of citizenship. Something few have the ability to achieve.

I don't think you have to be rich!

How would you support yourself? Pay for the next airplane flight across the Atlantic or Pacific? With no legal right to work where would your income come from?

Even if you're working illegally it takes time to find an illegal job and save up enough money to travel to the next country. Unless you're working for long periods of time such as years in each country before moving to the next country you're going to have trouble saving up enough money to support yourself and to move on to the next country.

How likely is it that you could work illegally in each country you visited without getting caught and jailed and/or deported?

 :Zzzzsleep:
I support no government anywhere, ever, never. No institution, No religion!!

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #22 on: December 29, 2015, 02:29:13 PM »
The man really doesn't get it does he?  :dh:
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus

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Re: How to Survive the Global Chaos of 2016
« Reply #23 on: December 29, 2015, 02:54:27 PM »
The man really doesn't get it does he?  :dh:
A man I work with was a perpetual traveler until he grew tired of it.

He travelled without being rich, with no ties to anywhere.

He lived on a large sea-trawler hauling stuff to all continents of the world.

Then he settled down in NL and started his career & family here.

(and this is just 1 example of how its done as steve suggests, without being rich)
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Re: How to Survive the Global Chaos of 2016
« Reply #24 on: December 29, 2015, 03:03:29 PM »
I would of thought the idea for some would be to use the Perpetual traveler scenario as a way to become wealthy and gain lots of nice assets along the way dotted all over the place. When the job is done its time settle down to a little normality and maybe even paying some taxes ;D
I support no government anywhere, ever, never. No institution, No religion!!

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Re: How to Survive the Global Chaos of 2016
« Reply #25 on: December 30, 2015, 05:10:13 AM »
Mark, Westcoast is a great example of one who can accumulate a few 'info-chunks' and yet learn nothing because they do not have open mind or eyes.

Traveling across Europe last week I was stopped on the Lithuania/Poland border and had to do the full ID rigmarole, unusually though this was as I left the country! Bloke asked me if I spoke Russian, I replied in Russian. I think my response told him all he needed to know about my identity. At some point whether rich or poor freedom of movement is likely to be reduced.
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus

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Re: How to Survive the Global Chaos of 2016
« Reply #26 on: June 22, 2016, 08:50:42 AM »
The Fed’s “Doomsday Device”  Is About to Explode
BY BILL BONNER, CHAIRMAN, BONNER & PARTNERS - BALTIMORE

Another down day for the Dow last Friday left it in the red for the week.

Barron’s, in a lather, says it is facing the “Two Horsemen of the Apocalypse.”

Huh?

Supposedly, the so-called Brexit – the vote in Britain this Thursday on whether to leave or remain in the European Union (EU) – and uncertainty over where the Fed will take U.S. interest rates are cutting down stocks faster than a Z-turn mower.

Doomsday Device

But Brexit is a side show.

As our contacts in London explained in last week’s issue of Bonner & Partners Inner Circle, Britain will do just fine outside of the EU. It will even thrive. [Inner Circle members can catch up here.]

As for the Fed’s fumbling, it is a consequence, not a cause, of falling stock prices.

The real threat to this market is more basic… more dangerous… and completely unavoidable. It is a “doomsday device” – hidden in plain view – in the feds’ fiat money system.

It took us a long time to understand how this works. For many years, we referred to the Fed’s EZ money policies as “printing money.” Finally, we realized that this metaphoric description of the Fed’s role probably hides more than it reveals.

The Fed is not printing money. If it were printing money, we’d have more money around… and higher consumer prices.

Instead, when the feds went to a “paper” money system in 1971, they did it very cleverly.

Yes, their new system is totally fraudulent and absolutely ruinous – just like an old fashioned money-printing scheme. But the fraud takes much longer to uncover… and the ruin is only obvious at the end.

It is a “bezzle”… where you only become aware that you’ve been had when it blows up.

Unlimited Credit

Here’s the deal…

Instead of printing money itself, the Fed allows banks to create an almost unlimited amount of credit (providing they meet certain capital requirements).

Contrary to popular belief, banks don’t act as “warehouses” – taking in deposits and then lending them out again. Instead, banks create new deposits (aka money) when they make a loan.

All it takes is a few strokes on a keyboard, and account balances – along with the money supply – go up.

At first, this new credit-money acts much like printing-press money: It gives people money to spend that nobody ever earned. Everybody is happy.

But if you keep on creating more and more paper money, the fraud is soon obvious. Prices rise. People realize that they have no more purchasing power than they had before.

In the meantime, businesses and consumers have all made bad decisions, based on the apparent increase in “demand.”

After a while, all those mistakes have to be flushed out… in a recession or a depression.

Problem Postponed

By setting up this credit-money system, on the other hand, the feds avoided that problem… or at least, postponed it.

Between 1980 and 2016, for example, Americans spent $32 trillion in net, excess credit. That’s credit (and debt) above and beyond the historic relationship between GDP and debt.

That, too, would have increased consumer prices dramatically, but the Japanese… and then the Chinese… were busily making things much more cheaply.

This offset consumer price increases. And more important, much of the increase in credit-money went directly into Wall Street, instead of the Main Street, economy.

In a credit-money system, the sectors of the economy that are most creditworthy get most of the new money.

Who’s most creditworthy?

The rich. Big business. Government.

Prices soared, all right. But they were the kinds of prices people wanted to go up. Houses… businesses… commercial real estate… collectibles – talk about inflation; these things went through the roof.

Everything that can be financialized – priced and traded – became incredibly expensive. But the price of labor went nowhere.

The Rich Get Richer

Almost unbelievably, according to the Pew Research Center, today’s average hourly wage has roughly the same buying power as it did in 1973 – more than 40 years ago.

The system hasn’t done much for the common man, but it has helped the rich get richer. And now we know that the Deep State controls the U.S. government (and indirectly, the Fed and the financial system). So nobody really cares about the voters anyway.

What a system!

The banks are allowed to create money. They lend it to consumers until the household sector can’t take anymore. (This is what happened in 2008). Then they lend to corporations and the government.

One by one, each sector takes on too much debt and ceases to be creditworthy. Finally, only government can borrow… because it is the only sector that can print money!

We’re approaching that already in Japan, where the central bank buys about 100% of new Japanese government debt issuance.

Recession Warning

If the feds had handed out paper money, prices would have gone up. But even in a recession, or a debt deflation, the cash would still be there. Printing-press money raises prices, permanently.

But a credit-money system is very different. Every new dollar that comes into the system is also another dollar of debt.

Now, American consumers, businesses, and government all drag behind them about $60 trillion in debt. It slows them down. It depresses economic growth. And most important, it is subject to the credit cycle… and to the “doomsday device” built into system.

A recession is coming in the U.S.

If it hasn’t already begun, it will probably set in within six months. When that happens, stock prices will fall.

This will have a similar effect as the 2008 crisis… when houses plunged. Ultimately, a company’s earnings potential and stock market equity provide the collateral for its debt. When the stock market falls, lenders disappear.

Then, the debt market tightens and the doomsday device explodes.

Debt is just the flip side of credit. As debt goes bad, credit disappears. And then the system that created so much credit-money will go into reverse, destroying the nation’s money supply.

The money supply (actually, the supply of ready credit) will shrink – suddenly and dramatically. And what should have been a minor, routine pullback in the economy will become a catastrophic panic.

Don’t go away!

Regards,
Signature
Bill

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Re: How to Survive the Global Chaos of 2016
« Reply #27 on: June 22, 2016, 09:01:37 AM »
There is an easy answer to that.. even a child could figure it out ;D

Don't take credit, don't take loans don't use any form of credit what soever.. If you want some thing work hard and buy it for cash..

No credit No finance No Global Chaos  :thumbsup:
I support no government anywhere, ever, never. No institution, No religion!!

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Re: How to Survive the Global Chaos of 2016
« Reply #28 on: June 22, 2016, 09:09:54 AM »
On a more positive note - Hard to find positivity with warned Fed Disasters and luminaries like Peter Schiff warning one should be out of US securities and out of US cash and instead in select international Stocks and Gold, Silver and Commodities currencies; OZ, Singapore, NZ, Norway, even Canada essentially Everbank Commodity Currency baskets insured CDs anything but the US Dollar and closely affiliated currencies like the pegged Red Chinese Yuan/Renminbi.


100 BAGGERS:

Sat in on the Agora Publishing seminar with Bill Bonner, Porter Stansberry and Chris Myers "CODE" methodology last night. Of course, they were upselling their new private Investment advisory at 2 years for the price of one if you ordered last night - honestly a bit pricey but some useful take aways:

Two full years of Bonner Private Portfolio for less than the cost of a single year. ($2,200.00 for 2 years ... pricey.

Special Report: The CODE Deciphered: The Secret to Making Four Times Your Money in Any Market ... useful

C - Stocks that are cheap with hidden value example Alexander and Baldwin Shipping controls the majority of land on Maui in the State of Hawaii - Chris and researchers actually went through the Maui Registry of Deeds to verify the extensive land Ownership by A&B - irony is yes they own the land but only have it on their books at $20M Book Value acquired back in 1860 - land now worth multiple Billions.

O - Stocks where the Owner/Managers have skin in the game especially when they earn income based upon increasing shareholder value long term instead of financial engineering - using 0% debt to buy back stocks to drive up market valuations due to stock scarcity - debt that could crush many businesses in a correction or interest rates normalization.

D - Disclosure - if you can not understand the language in the Annual Corporate Reports or SEC quarterly filings - run do not walk to the EXITS example Valeant Pharma crash chart. When they can't actually dazzle you with their brilliance they just try to baffle you with bullshite.

E - Excellent balance Sheets and judicious use of debt if any - no viable company ever when bankrupt that had NO debt.

A FREE hardcover copy of Chris’s latest book: 100 Baggers...

Amazon Link:
100 Baggers: Stocks That Return 100-to-1 and How To Find Them Hardcover – September 1, 2015
by Christopher W. Mayer (Author)
https://www.amazon.com/100-Baggers-Stock...1_fkmr0_1?

Free PDF download I found on basic Google Search:
http://www.mayers100x.com/100Baggers.pdf

Peter Lynch in his famous "One Up on Wall Street" was famous for saying that 2, 3, 4 and even 10 baggers are great but nothing is as life changing as 100 baggers and the PDF above indicates that there are a lot more of them than people realize.

Some useful summer reading that can in fact change your life - enjoy and thank me later.

This book is about 100-baggers. These are stocks that return $100 for every $1 invested. That means a $10,000 investment turns into $1 million. Chris Mayer can help you find them.

It sounds like an outrageous quest with a wildly improbable chance of success. But when Mayer studied 100-baggers of the past, definite patterns emerged.

In 100-Baggers, you will learn the key characteristics of 100-baggers why anybody can do this.

It is truly an everyman s approach. You don t need an MBA or a finance degree. Some basic financial concepts are all you need a number of crutches or techniques that can help you get more out of your stocks and investing.

The emphasis is always on the practical, so there are many stories and anecdotes to help illustrate important points.

You should read this book if you want to get more out of your stocks. Even if you never get a 100-bagger, this book will help you turn up big winners and keep you away from losers and sleepy stocks that go nowhere.

After reading 100-Baggers, you will never look at investing the same way again. It will energize and excite you about what's possible.


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Re: How to Survive the Global Chaos of 2016
« Reply #29 on: June 22, 2016, 09:16:12 AM »
There is an easy answer to that.. even a child could figure it out ;D

Don't take credit, don't take loans don't use any form of credit what soever.. If you want some thing work hard and buy it for cash..

No credit No finance No Global Chaos  :thumbsup:

Typical nonsense from our resident genius SB - try to fly around anywhere on the globe without swiping a Credit or Debit card to verify Identity along with a Passport.  Especially on domestic flights.  Or buying a home and enjoying equity leverage without a mortgage.  Nor conduct international trade without letters of credit or Corporate Credit cards and or credit lines.

Living without credit might work in the woodlands of the Altai or Siberian wilderness but not in any modern city.