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Question: Your thoughts on the next possible crash or correction?

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posted on Jul, 7 2015 @ 10:09 AM
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I was talking to someone today who is a very knowledgeable individual (retired) that suggested that he believed we wouldn't see a crash only a correction. He is a very intelligent person - an investor and formerly ran a business in Beijing. He's not overly worried about the TPP either, although he doesn't think it's good enough at this point, but feels it's a necessity.

His main point regarding the crashes - 1929, 1987, and 2008 were there were underlying problems in the system. He feels that we have mostly corrected these problems, and thought more could be done but there will not be a crash merely a correction.

I questioned him regarding the currency ponzi scheme of the FED and similar central banks. We talked briefly about Greece and the EU situation, with him suggesting that Italy and Portugal would be next and Spain perhaps not too far behind them. He still thinks the FED serves a good purpose.


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Personally, I believe we are looking at a crash. I believe many people are losing faith in the system as a whole and the system is largely faith based (psychology). I believe the continued disparity in the wage/wealth gap is going to drive us toward a revolution of some kind (it's the typical historical nature of things.) In a revolution or social unrest setting the market will definitely move more toward crash.

If we put the pieces of the puzzle together:
1. police violence and corruption being exposed
2. political corruption being exposed
3. corporate corruption being exposed
4. a market and monetary system that benefits the ultra wealthy
5. by next year (2016) the richest 1% will have more than 50% of the worlds wealth (if they don't already)

A system such as this does not last long before the camel's back breaks.
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What I want to hear from both the knowledgeable and not so knowledgeable is what they expect in the next 1-5 years.
Crash?
Correction?
Neither?
Why or Why Not?

Let's discuss.




posted on Jul, 7 2015 @ 10:21 AM
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Well, at what point does a correction become a crash, and from what baseline are we measuring; how far back are we to look, economically, sociopolitically.

Cycles within cycles, and to focus on one layer, analysis arises. Maybe if we expand out we can see the inevitable, perceive the probable within a given time period, and not focus on any one event, rather the series unfolding. I think whatever is next, is still a prelude to the main event (for my lifetime). 3 was what I see, back in 2006. One already, here's the next, without proper revolution (please no violence, okay?) within many spheres, a collapse by 2025.

The teching out of issues has been fun, but the other spheres are a bit lacking.

I'd suggest a "correction" that is actually a bit of crash. Did we just go through recession, are we still in one, was that depression, does anyone feel all too good right now? Phrases, nontechnical reshaped, objectively rearranged, and hidden. I don't know anymore.



posted on Jul, 7 2015 @ 10:35 AM
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Up until now markets have had 2 great capabilities 1.the ability of the system to print to infinity to save themselves on innumerable occasions and 2.public perception.They will never loose 1. but 2.public perception they can loose like in China its markets are down 30 per cent but if it were not for the actions of the Central bank it probably would be a lot worse.

2.7 trillion dollars have been vaporised in China it is all unravelling as you read this as margin calls in commodities and other markets from the Chinese situation mount up- but dont expect any sudden collapse as central banks worldwide print to infinity to try to save the day.They will fail but it will be a long protracted fart as the air starts escaping from all the bubbles.Wall Street will be the last to go as the Wizard of Oz's finest grifters run that concern but go it will when Europe unravels.

How long do we have months years I dont know but im looking at charts regularly now which indicate broken markets its all smoke mirrors and duct tape now when they loose investor confidence the house of cards will collapse.



posted on Jul, 7 2015 @ 10:39 AM
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a reply to: WCmutant

Well, the IMF is setting up a new Reserve Currency on Oct 20, 2015, so I would say the US stock market is going to crash. Nov 19, 2015.



posted on Jul, 7 2015 @ 11:55 AM
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a reply to: WCmutant



He still thinks the FED serves a good purpose.

I question many things about this guy after seeing this statement that he made.
Like where he has his money right now.
If the FED serves a good purpose, it serves his purposes. Maybe he is one of those that will benefit, whether it is a crash or a correction.



posted on Jul, 7 2015 @ 02:44 PM
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I think a lot of people think the worlds currencies are individual and are running in free fall ie. nothing can be done if any currency was to crash or fail. This is not so.
The Fed and the IMF are not fools and they are not stupid. They WILL NOT kill the goose that lays the golden egg. If there was to be a crash or a re-adjustment it will seem unavoidable and random but the money men will have prepared for the consequences and they will come up smelling of roses. After they've had their pound of flesh off who they want to suffer.



posted on Jul, 7 2015 @ 03:37 PM
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originally posted by: BELIEVERpriest
a reply to: WCmutant

Well, the IMF is setting up a new Reserve Currency on Oct 20, 2015, so I would say the US stock market is going to crash. Nov 19, 2015.


BELIEVER, I've got to say (and I said it in another thread) - that day looks horrible from the astrological data points. And it's in line with the idea that the USD will soon no longer be a major currency.

But the news regarding the IMF announcement doesn't seem to (currently) have much validity. Until I see serious announcements or leaks suggesting there is substance to this claim I'm inclined to believe it's merely doom porn. Having said that, the announcement wouldn't surprise me though either.



originally posted by: butcherguy
a reply to: WCmutant


He still thinks the FED serves a good purpose.

I question many things about this guy after seeing this statement that he made.
Like where he has his money right now.
If the FED serves a good purpose, it serves his purposes. Maybe he is one of those that will benefit, whether it is a crash or a correction.



Butcher, I did too, trust me. But he is a very wealthy fellow. At the beginning of the conversation he called me a conspiracy theorist. My reply was I deal with conspiracy fact. Regardless, the fact that he sees the FED as a useful system is rather telling. 1. He's benefiting from it. 2. He's bought into the BS.



posted on Jul, 7 2015 @ 07:30 PM
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a reply to: WCmutant

Yeah, after more research, I discovered that the Oct 20th thing was just a rumor. I jumped the gun on that one...although, a new Reserve Currency on 10/22/2015 would be fitting. In my own projections, Abaddon rises on 10/22/2016.
edit on 7-7-2015 by BELIEVERpriest because: typo



posted on Jul, 7 2015 @ 07:45 PM
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originally posted by: crayzeed
I think a lot of people think the worlds currencies are individual and are running in free fall ie. nothing can be done if any currency was to crash or fail. This is not so.
The Fed and the IMF are not fools and they are not stupid. They WILL NOT kill the goose that lays the golden egg. If there was to be a crash or a re-adjustment it will seem unavoidable and random but the money men will have prepared for the consequences and they will come up smelling of roses. After they've had their pound of flesh off who they want to suffer.


I don't think that we are in the position that the world's people are willingly hand over a pound of flesh.



posted on Jul, 7 2015 @ 08:09 PM
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originally posted by: WCmutant
If we put the pieces of the puzzle together:
1. police violence and corruption being exposed
2. political corruption being exposed
3. corporate corruption being exposed
4. a market and monetary system that benefits the ultra wealthy
5. by next year (2016) the richest 1% will have more than 50% of the worlds wealth (if they don't already)


This stuff has been happening for a long time and one thing TPTB knows how to do is kick the can down the road to keep the sheeple happy, especially in America. I suspect it'd take an external trigger - a large terrorist act, a large natural disaster, etc - for another all out crash to happen. Things are definitely over valued and there will be a big correction - that's inevitable. Probably within the next 5 years (and probably less).



posted on Jul, 8 2015 @ 10:18 AM
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a reply to: WCmutant
The worlds people have done nothing willingly when it comes to the money men. When they want, they'll take, people have no choice in the matter. And they will take.



posted on Jul, 8 2015 @ 11:33 AM
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I'm investing in tin, the kind of tin with food inside it, just don't like the taste of gold or silver, plus trying to digest it is a nightmare.




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