http://www.reuters.com/article/newsOne/idUSTRE51K0A920090221
In my opinion the DJIA may drop below 7000 and may even as low as 4-t0-5000. This is just my opinion; it is not investment advice. I guess that for the first time in my life I seem to agree with Soros in that I think the worst is yet to come.
Buy and store FOOD, GUNS, AMMO. Invest in GOLD, GUNS, AMMO and FOOD. I think we are going to see inflation unlike any we have seen before, that said, I would buy and store things like food because it will cost less to buy cans of green beans and tuna today than in the future. I am NOT suggesting people buy and store MREs or dehydrated foods, etc. I'm simply saying if you eat DelMonte Green Beans and Green Giant Corn, buy it now & keep buying it. Buy what you eat. Store what you eat. Grow a garden, learn to 'can' your produce. As for GOLD, its one of those things to be wary of, it can go down in value, but probably is a safe haven for NOW and the NEAR FUTURE. Now my investing advice of stocking up on GUNS and AMMO, well thats just because I might want to trade with you in the future and would like to have someone to trade with that I can trust
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union. . . .
"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."
His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama. . . . "I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
I've seen some charts on The Rachel Maddow Show on MSNBC which gave graphic illustration to part of this. Her show is informative for a lay audience. CNBC and Bloomberg is informative as well.Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union. . . .
"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."
His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama. . . . "I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
In my opinion the DJIA may drop below 7000 and may even as low as 4-t0-5000. This is just my opinion; it is not investment advice. I guess that for the first time in my life I seem to agree with Soros in that I think the worst is yet to come.
Buy and store FOOD, GUNS, AMMO. Invest in GOLD, GUNS, AMMO and FOOD. I think we are going to see inflation unlike any we have seen before, that said, I would buy and store things like food because it will cost less to buy cans of green beans and tuna today than in the future. I am NOT suggesting people buy and store MREs or dehydrated foods, etc. I'm simply saying if you eat DelMonte Green Beans and Green Giant Corn, buy it now & keep buying it. Buy what you eat. Store what you eat. Grow a garden, learn to 'can' your produce. As for GOLD, its one of those things to be wary of, it can go down in value, but probably is a safe haven for NOW and the NEAR FUTURE. Now my investing advice of stocking up on GUNS and AMMO, well thats just because I might want to trade with you in the future and would like to have someone to trade with that I can trust