Biggest Crash in World History in October??!!

Discussion in 'Bullion Investing' started by fretboard, Oct 4, 2021.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Ya know? You guys can hide all your ill gotten gains in South Dakota instead of off shore.........
     
    KevinS likes this.
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  3. masterswimmer

    masterswimmer Well-Known Member

    It's obvious he's going to use his profits in pot because we know that keeps getting higher and higher ;)
     
    Dynoking and UncleScroge like this.
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    maybe there talking about another October...LOL BTC 54.308 !!!
     
  5. Jim Dale

    Jim Dale Well-Known Member

    This reminds me of a story I read long ago. It seems that it was predicted that the San Andreas Fault was going to crash, so everyone west of the fault line moved to Nevada, Colorado, and points east of the fault line.
    So the San Andreas fault-line opens up, but instead of the land west of the fault line, everything east collapsed into the ocean. So everyone that went to Nevada and Colorado were killed by the rushing ocean waters.
    Be careful how you react to predictions.
     
  6. Mr.Q

    Mr.Q Well-Known Member

    The most valuable assets any one will have is FOOD, WATER, and a ROOF over your head! End of story or life, which ever comes first... In any government, people become expendable. Read people, it's all part of human history!
     
    Kentucky likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Does a plastic trash bag count as a roof..LOL
     
    Marsden likes this.
  8. John Burgess

    John Burgess Well-Known Member

    it's a reasonable prediction that hinges on the government not extending the debt ceiling and defaulting on the national debt, which would in theory cause a massive stock market crash, devalue the dollar, and suck about $9 trillion out of the economy immediately. (U.S. stock markets valued around $46 trillion dollars)

    job losses across the board, just a massive disaster, in which case this prediction would come true, which is why this prediction get's made each time the debt ceiling comes up. Not raising it and defaulting would basically collapse the country and cause a greater depression than the great depression, and it would cascade globally.

    it's also not constitutional for the U.S. to not pay it's debts, that's a factor also. it's mandated in Amendment 14, Section 4, that all public debts must be paid. the debt ceiling isn't being raised for new debt, it's being raised to pay interest on the debt we already have.

    My opinion on the subject though, is if congress can't come to an agreement on it and raise the debt ceiling so the bills can be paid, then the executive branch will need to do it unilaterally, in order to not have a constitutional violation and crisis over it as well.

    I have no idea why they are playing chicken with it these last few times, all it's ever gotten was the credit rating of the country lowered for playing games and making things uncertain. it's why the credit rating of the country was so high, because it's constitutionally mandated that we MUST pay our debts and not question them. Want to argue over it, argue spending, argue about taking on the debts and paying them back in the first place before you take on the debt,m the time to argue isn't when the bill comes due.
     
    AdamL and imrich like this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Unless you're a politician, in which case the time to argue is when it will get you the most attention.
     
  10. Mike Thornton

    Mike Thornton Learning something everyday.

    I'm still stuck on "predicted 9 of the last 5 recessions". That's a darn good record.... Wasn't the world supposed to end back on Dec. 12th of 2012? Last I looked, it's still spinning... lol
     
    ToughCOINS, crazyd and Heavymetal like this.
  11. Jim Dale

    Jim Dale Well-Known Member

    What would happen if they don't approve spending trillions of dollars on roads and bridges and other things that are part of the infrastructure of the United States. Maybe we should endure pot holes and long waiting lines on the road and the rail system and many other things that have been put off for many years, and pay our nation's debts. It's a nicety to have interstate highways that Eisenhower approved to be built. I'm old enough to remember the long lines on the roads for the explosions to take place to improve our highway system. I was 11 at the time that the first interstates were being built. I lived in Germany with the autobahns that Hitler had made so he could rush his troops from place to place.
    Maybe we shouldn't be giving money to the countries where the people hate us. After WW II, the United States "loaned" money to the European countries and other countries that were devastated by the war, but they never paid anything on the loan and then one of our presidents "forgave" them their debts so they would be our allies, but then DeGaulle closed all of our bases in France.
    There are many reasons that we are in debt, most of which the loans were made to be everyone's "Pal".
    Those of us on Social Security are living on our great, great, grand childrens contribution to Social Security.
    Pray for the best.
     
    AdamL likes this.
  12. Heavymetal

    Heavymetal Supporter! Supporter

    Maybe Russia will loan us some rubles
     
  13. Jim Dale

    Jim Dale Well-Known Member

    "Loan" us? They haven't paid anything on our loans to them from WW II!
     
    John Burgess likes this.
  14. Mike Thornton

    Mike Thornton Learning something everyday.

    Oops, that should have been Dec. 21st of 2012. There goes my dyslexia again.
     
  15. masterswimmer

    masterswimmer Well-Known Member

    So you actually meant to say, "predicted 9 of the last 5 recessions"?
     
  16. fretboard

    fretboard Defender of Old Coinage!

    He's a multi-millionaire and he's been a gold and silver stacker for years, he'll think of something! 112.gif
     
  17. TheFinn

    TheFinn Well-Known Member

    Unfortunately the Federal Reserve of today keeps bailing them out, so they think (and know) that Uncle Sam will save their butts.
     
    Evan Saltis likes this.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Well, at least the corporation sort of "people".
     
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Debit ceiling raised, tragedy put on hold for a couple more weeks...LOL
     
    Marsden likes this.
  20. rte

    rte Well-Known Member

    More of a hat.
    Depending on the size.
     
  21. rte

    rte Well-Known Member

    AH, the Joys of getting a new credit card....might as well go break it in good and proper.
     
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