The Stock Market Thread

Sounds like a teacher that worked at numerous schools (two middle schools and a high school), so that's three different schools, at minimum, that have likely been exposed.

 

Holy moly that’s an hour long. Can you give me a breakdown?

 

SuperduperOversimplified as I make it out: money is fake, buy gold

 

I’m getting guns so I can take everyone else’s gold.

 

That’s a way oversimplification. Talks about how fiat money always fails long term due to governments over printing.

Hits on how economically illiterate we are as a society and how schools do such a poor job teaching finance.

Plus that in the Information Age, we value the victim. That’s going to cost us our principles if we stay on that track and isn’t sustainable.

Calls for diversification of assets.he doesn’t advise for buying gold and silver for an investment but said instead of having large amounts of cash to put in it in mostly silver bars.

Talks that the global pension problem, social security, and national debt is going to force a Depression and that we live in a fish tank in this country.


Called the crash in 2008 and made a killing off of it so he’s an interesting cat.

 

I’m getting a gun that shoots gold bullets.

So, Catch-22.

 

Silver and gold have not been good long term investments and have been poor historical inflation hedges. I’d be curious to know how many crashes he called that never happened. One constant of the silver and gold people is predicting doom at all times.

 

You can rent mine.

 

I do seem to see the tag line “called the 2008 crash” attached to a ton of people.

 

Yeah but he didn’t just say crash coming. He told which banks were going to fail 6 months before it happened.

It was just interesting to listen to while working out

 

yeah like warren taking credit because she basically just said all banks are evil.

 

housing crash means banks are going to fail. That always happens. Now if he predicted aig or Lehman he has my props.

 

There were a few who called it, or at least saw it in its beginning stages and made a killing, but most of these folks I just roll my eyes about.

 

He called Lehman

 

at what point and what context?

 

It was obvious there was a housing problem and bubble. Predicting that leads to that level of recession was the difficult part

 

It was the ones that figured out that the mortgage-backed securities were going to collapse that made the money.

 

Seems that’s what this cat did and bought a shot ton of real estate

 

In hindsight it makes total sense. You've got the sexiest product on Wall Street that is backed by subprime mortgages going under left and right. Just tip my cap to the ones that figured it out or shorted Lehman Bros into bankruptcy.

 

Man with the golden gun.