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Author Topic: How to Survive the Global Chaos of 2016  (Read 11350 times)

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Online andrewfi

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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.
...everything ends always well; if it’s still bad, then it’s not the end!

Offline cufflinks

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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

Offline Steveboy

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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!!


Offline cufflinks

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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.


Offline cufflinks

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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.

Offline Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #30 on: June 22, 2016, 09:27:20 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.

Bullshit!! I have friends and family who never took any credit and no credit cards some have assets over £10million!

Well you seem to have all the latest news and that on surviving the global crises , you seem to know all about stocks and bonds and all that??

I would presume your a very wealthy individual with vast assets/property and the likes??

Would I be correct there ? Or not?

Just asking cos from my experience the worst people on the planet besides estate agents are financial advisors?

Most are happy to invest other peoples cash , talk the bull BUT do you know many financial advisors who are seriously wealthy?

I dont! But then I'm just a village Bumpkin :chuckle:






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

Offline Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #31 on: June 22, 2016, 09:32:45 AM »
I would suggest you travel down to the woodlands in Dorset , UK there are plenty of folk there with out a credit or any credit, they probably wouldn't even know what Credit is!!

There are plenty of folk there walking about with second hand clothes and holes in their socks :laugh:

And plenty of them will have over £10 million in assets.. Hows that done then clever clogs?
I support no government anywhere, ever, never. No institution, No religion!!

Offline AKA Luke

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Re: How to Survive the Global Chaos of 2016
« Reply #32 on: June 22, 2016, 11:13:52 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.

Debit cards are classed as credit cards?

Christ, it is really backwards in the states, isn't it?

If I want to fly around the world I can go into various travel agencies here in civilisation and pay slap dash or on my debit card.

Sure, I've got credit in the form of a mortgage but not everyone 'lives' on credit like you do in the states with such pride.
I know I am I'm sure I am I'm Rotherham til I die!

Offline Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #33 on: June 22, 2016, 11:31:36 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.

Debit cards are classed as credit cards?

Christ, it is really backwards in the states, isn't it?

If I want to fly around the world I can go into various travel agencies here in civilisation and pay slap dash or on my debit card.

Sure, I've got credit in the form of a mortgage but not everyone 'lives' on credit like you do in the states with such pride.

  :thumbsup:


Nothing is worse than people who use fancy words like equity leverage without a mortgage  If some guy come round my place using any bullshit words like that I would say "Get the ***** out of my place" If your talking about buying a house without a loan , yes its not easy!! life is not easy, but you don't let that put you off. I have no plans to ever have a loan on any property , very easy just buy lots of small ones cheap in another country and sit on them.





Its like being a window cleaner and calling yourself a "Glass technician"   Financial advisors/whizz kids same shit.






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 #34 on: June 22, 2016, 12:21:07 PM »
In some ways the USA is genuinely backward. Only just now are they getting to grips with chip & pin plastic transactions. They still use cheques for God's sake. Try getting forex services in a US bank...
...everything ends always well; if it’s still bad, then it’s not the end!

Offline AKA Luke

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Re: How to Survive the Global Chaos of 2016
« Reply #35 on: June 22, 2016, 03:31:54 PM »
Try getting forex services in a US bank...

Is there an actual need for Forex in the states?

I know I am I'm sure I am I'm Rotherham til I die!

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #36 on: June 22, 2016, 03:54:29 PM »
Of course there is, but, if you mean that the need is less, then yes. The need is less. But then I'd be surprised if there was any bank in the UK that didn't offer forex - but they can be a mite tardy from time to time if you want cash in hand.
...everything ends always well; if it’s still bad, then it’s not the end!

Online AvHdB

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Re: How to Survive the Global Chaos of 2016
« Reply #37 on: June 22, 2016, 09:17:03 PM »
In some ways the USA is genuinely backward. Only just now are they getting to grips with chip & pin plastic transactions. They still use cheques for God's sake. Try getting forex services in a US bank...

 :ROFL:

With regards to backward this is almost a compliment. Part of the problem a majority of American's are not aware that there are other currencies on the orb called earth.

We can thank a few hacks (Target) for chips. Perhaps some one will come up with an evil America theory but the reality is with chip cards there are competing services. In short it means a Bank of America card will in Europe work with one merchant and card from say TD will not. The flip side is a bank such as ABN has one CC that will work and another bank say Raffiesen that will not work in America.

In the end it is the client who is frustrated by this.

“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Offline cufflinks

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Re: How to Survive the Global Chaos of 2016
« Reply #38 on: April 30, 2019, 10:20:52 AM »
Bump...

All the 2016 Doom and Gloom regarding a USA Financial Bust, Credit Bust, Repeat of 2008/09 Crisis has not come to pass, yet there are a lot of folks getting ready to retire looking to move out of peak stocks and hold cash in case the SHTF... or a 2008/09 Redux.

I have been working on a knowledge engineering project for over a year with one of the worlds most successful institutional Traders with a diversified Global focus.  He mentioned on our Friday EOW Review that Most of the major market players have been shorting heavily since the S&P Tagged 2900/2950 - for various reasons that have to do with Trump's 2020 reelection prospects the S&P Tagged 2949.52 $SPX and 2951.50 ESM2019 June E-Mini Futures.

Previous All Time Highs were $SPX 2940.91 on 21 Sept 18 - informed the Plunge Protection Team was activated on Christmas Eve 2018 "Correction" and been active since then until yesterdays double TOP of the S&P 500 SPC "Cash" and Emini Futures markets.  Both of which Trade Worldwide E-Minis on Globex 24/7. 

So Peter Schiff, Jim Rickards and Agora's/Bill Bonner et.al. were just as clueless about the Trump 2016 win market boom and have stayed clueless regarding yesterday's ATH yet all are screaming doom and gloom louder than ever...  yesterday's 2950 Swing High can still run above 3,000-3050 before an anticipated trading technical correction...
https://www.barchart.com/stocks/quotes/$SPX/interactive-chart

In 2016 the BTC Crypto Raging Bull and Roaring Bear runs had just begun to form and fascinating interview regarding some of the biggest characters in the BTC World USDT Tether and Bitfinex...  NYAG providing clarity through subpoenas and a just-released 26-page NYAG report...  Tyler Jenks Hyperwave deep dive...  quite interesting analysis by a 40 Year Pro Money Manager:

Hyperwave - Bitcoin !! New York AG Turns Over A Rock!!

Since many have looked to Gold and BTC as physical and digital stores of wealth this Video Review is a real eye-opener - take away: avoid trading in and out USDT and Bitfinex in General though still quite popular in HK/SEA.

Per the Hyperwave team, BTC must finish the "7th" phase to $1K USD before the next BTC bull run begins - which will probably shake out a lot of dodgy crypto players in the meantime.

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #39 on: April 30, 2019, 01:58:16 PM »
Sorry AvHdB, Cards in the civilized world are backward compatible and so can be used on less secure terminals and imprint machines. Of course, some issuers take precautions and, much like we used to do in, for example, Ukraine and Russia a couple of decades ago, we would inform our card issuing bank of our planned travels so, perhaps we will have to do the same when leaving civilization.

What you have in Backwardistan is the worst of all worlds. No requirement for signature from card issuers and no pin to support the ubiquitous chipped cards. Over here in the civilized world, if I lose my card I am not very worried. I might go online and freeze it until I find it, I might order a new one, but there's no need to inconveniently cancel it because it can't be used for purchases without the PIN. And, before you mention it, even if it gets used online, then whoever stole the card needs to know the address at which the card is based and even if that hurdle is surmounted then the validation process used when unusual purchases start happening kick in to cut the thief out of the purchase.

On a related note, I had a problem with the PIN on two of my cards today, I don't know if the terminal was borked or I somehow forgot two PINs but I input the wrong PIN 3 times on one card and once on a second on one terminal. I did not retry the second card. :) Very odd indeed.

On my return home I logged onto one of the card apps on my phone and discovered that the one that was 'incorrectly' entered three times automatically resets after midnight. No card getting eaten or retained, very handy. The other will just be reset next time I use it somewhere else. A big improvemnt on the old system.
...everything ends always well; if it’s still bad, then it’s not the end!

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Re: How to Survive the Global Chaos of 2016
« Reply #40 on: April 30, 2019, 02:31:27 PM »
60 Minutes Report regarding a Russian Hacker who conservatively hacked over $100M in the USA and More in Europa, Africa, The Americas and Asia... living the high life on some obscure RU Black Sea resort... had to rely on an informant to find out who he is - technically brilliant though diabolical... curious if the Russian Gov angle is providing cover to their hacker networks as an arms length form of plausible deniability or more MSM Russia smears?

https://www.cbs.com/shows/60_minutes/video/CPAiZpiTp1pYGtA9pBamsrdGu1Ff9F2o/how-the-u-s-caught-on-to-hacker-bogachev/

Full video:
https://www.cbs.com/shows/60_minutes/video/ZKFgCd9iFmUAioviXdp3xaU_MGTVJHkL/a-marriage-made-in-hell-superbugs-easter-island/


 

 

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