I'm ready. I came up on a great real estate deal in the past Recession but slept on quite a few. I've been saving up and hope we have another Real Estate Crash. I saw the first Recession coming but really not seeing signs of another one. I will say this, if Tech falls, the Bay Area falls.
that would be your mistake...
75% of mf's on this board may be batshit crazy but I will say that many of the cats on bgol would amaze u in real life.
met one of the biggest dope dealers of the 80's on this board. article in feds magazine and all. fam is a business genius.
couple cats damn near at the top of the food chain in pro sports, tech, law and medicine.
couple nightclub owners, buncha smart old heads and a few cool ass young cats.
the media (& not just black media) comes here for stories and has for years. don't sleep on bgol...
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Gold or anything of value that can be tied to the currency. Our dollars aren't currently tied to anything except market conditions.
That's too bad..
Subbed...pretty sure there will be a lot of info tossed around in here that may not be 100% accurate but will help to explain some crazy shit that will happen within the next few months...
Not one person has a plan to ride it out though. Anyone can speculate about anything.
What do you mean plan to ride out what? There's nothing that anyone can do to change or affect something. Knowledge of what's going on is at least a guide as to how to steer the ship when the heavy waves come at you.
In another thread others were saying this is a great time to buy gold, my feelings are yes it's good to buy gold or precious metals as to hedge against if something was to happen in the long run. But do not buy it thinking that precious metals will soar in value. They wont. I think they will return to what their true values are from many years back when it was stable. We are returning to an asset based currency system. Not in the US but just about everywhere globally.
Assets do not mean only precious metals, but also includes minerals and the biggest thing that means to all countries right now is black gold... OIL.
Oil now is under $50 a barrel and it's all done for a reason. Chess is being played on a scale many may not understand. Certain nations cannot sustain producing oil at these rates. Some places it costs $60-90 a barrel just to produce. But it's funny that in the Middle East is costs a mere $2-3 to produce the very same barrel and is not as costly to manufacture it as many other places in the world where oil is mined.
Oil is behind much of this, now and into the next 30-50 years. It very much produces everything you see around you. Those that capitalize off it will reap in the end. What can we do is just become aware and steer our own ship in the waters coming ahead. But the storm is coming no matter what...
Great post!
See the thread I made when I predicted that last one:
http://www.bgol.us/board/showthread.php?t=207799
Plenty of damage has been done by our phrase “business cycle.” The first thing to understand is that business fluctuations look nothing like a regular cycle. Consider our experience in the post-World War II era:
The lengths of recessions vary from six to 18 months.
The lengths of expansions vary from 12 to 120 months.
The lengths of entire cycles, peak-to-peak, vary from 18 months to 140 months.
Thus, there’s nothing regular about these cycles. (This article focuses on the United States experience, but other countries are roughly comparable regarding the main points.)
In nearly 70 years the since the end of World War II, we have had 11 recessions, or about one every six years on average.
Expansions don’t die of old age; they are murdered. That is, recessions don’t occur just because there has been a lengthy expansion. The probability of going into a recession is no higher when the expansion is old than when it’s young. Recessions are the result of errors. The government, especially the Federal Reserve, is responsible for many of the errors that cause recessions, but private sector errors also play a role.
Prior to World War II, recessions were more frequent. In the hundred years prior to the war, we had 22 recessions, for one every 4.5 years on average. The recessions were, on average, longer in the earlier period, while the expansions were shorter.
We also saw a calming of the economy during a portion of the post-World War II era, in a period called The Great Moderation. From 1983 through 2007, we had only one recession, and that was a mild one. I expect that the coming decade will have greater cyclicality than the Great Moderation did.
We cannot take historical experience as a rigid guide, but it’s a better guide than just guessing. Look for another recession in the next few years, as I mentioned here last month.
http://www.forbes.com/sites/billconerly/2014/12/29/are-we-due-for-a-recession-in-2015/
The lengths of recessions vary from six to 18 months.
The lengths of expansions vary from 12 to 120 months.
The lengths of entire cycles, peak-to-peak, vary from 18 months to 140 months.
Thus, there’s nothing regular about these cycles. (This article focuses on the United States experience, but other countries are roughly comparable regarding the main points.)
In nearly 70 years the since the end of World War II, we have had 11 recessions, or about one every six years on average.
Expansions don’t die of old age; they are murdered. That is, recessions don’t occur just because there has been a lengthy expansion. The probability of going into a recession is no higher when the expansion is old than when it’s young. Recessions are the result of errors. The government, especially the Federal Reserve, is responsible for many of the errors that cause recessions, but private sector errors also play a role.
Prior to World War II, recessions were more frequent. In the hundred years prior to the war, we had 22 recessions, for one every 4.5 years on average. The recessions were, on average, longer in the earlier period, while the expansions were shorter.
We also saw a calming of the economy during a portion of the post-World War II era, in a period called The Great Moderation. From 1983 through 2007, we had only one recession, and that was a mild one. I expect that the coming decade will have greater cyclicality than the Great Moderation did.
We cannot take historical experience as a rigid guide, but it’s a better guide than just guessing. Look for another recession in the next few years, as I mentioned here last month.
http://www.forbes.com/sites/billconerly/2014/12/29/are-we-due-for-a-recession-in-2015/
India wants people to turn in their gold
Published time: 5 Nov, 2015
https://www.rt.com/business/320823-india-gold-program-economy/
I ask why now...
Published time: 5 Nov, 2015
https://www.rt.com/business/320823-india-gold-program-economy/
I ask why now...
fuck all that fear shit,
trust me I know, I was all in 9/11, and when
shit hits the fan, people will pool together...
all that fear mongering is from the corporate media....
and black folks could take lemons and make...
lemonade, lemon pie, lemon martinis
trust me I know, I was all in 9/11, and when
shit hits the fan, people will pool together...
all that fear mongering is from the corporate media....
and black folks could take lemons and make...
lemonade, lemon pie, lemon martinis
That's not going to go over well, Indians, like the Chinese, invest a lot in gold to protect their wealth.
This is a second rounds of asking their people for the gold, cause the first round they offered less of a rate, this new one is giving more of a rate of return. But indian culture, at their weddings, gold is the most given gift usually. People keep it as form of their wealth within families and hand it down to kids and so forth.
You talmbout Punch & Desert Eagle?
I've gotten all kinds of knowledge on here. Shared some jewels too. The bottom line is that some niggas is just gonna be hard heads and will complain when things don't go their way.
Plenty of damage has been done by our phrase “business cycle.” The first thing to understand is that business fluctuations look nothing like a regular cycle. Consider our experience in the post-World War II era:
The lengths of recessions vary from six to 18 months.
The lengths of expansions vary from 12 to 120 months.
The lengths of entire cycles, peak-to-peak, vary from 18 months to 140 months.
Thus, there’s nothing regular about these cycles. (This article focuses on the United States experience, but other countries are roughly comparable regarding the main points.)
In nearly 70 years the since the end of World War II, we have had 11 recessions, or about one every six years on average.
Expansions don’t die of old age; they are murdered. That is, recessions don’t occur just because there has been a lengthy expansion. The probability of going into a recession is no higher when the expansion is old than when it’s young. Recessions are the result of errors. The government, especially the Federal Reserve, is responsible for many of the errors that cause recessions, but private sector errors also play a role.
Prior to World War II, recessions were more frequent. In the hundred years prior to the war, we had 22 recessions, for one every 4.5 years on average. The recessions were, on average, longer in the earlier period, while the expansions were shorter.
We also saw a calming of the economy during a portion of the post-World War II era, in a period called The Great Moderation. From 1983 through 2007, we had only one recession, and that was a mild one. I expect that the coming decade will have greater cyclicality than the Great Moderation did.
We cannot take historical experience as a rigid guide, but it’s a better guide than just guessing. Look for another recession in the next few years, as I mentioned here last month.
http://www.forbes.com/sites/billconerly/2014/12/29/are-we-due-for-a-recession-in-2015/
Shit would be epic for silicon valley to fall.
Sent from my Nexus 6P using Tapatalk
Lets capitalize and get more money; Tips??
so whats a good move; ive have cash to buy shit but do i short stocks, do i buy real estate, is it a combination; what move(s) do u suggest; bullet plan please
He's been talking about what's coming for a while. he has a show on Sirius & has several videos out
China Buys Another 14 Tons Of Gold In October As FX Reserves Unexpectedly Rebound
Submitted by Tyler Durden on 11/07/2015
Today we got yet another confirmation that China's July announcement on its gold holdings merely broke the seal of accumulation when the PBOC reported that its total gold holdings as of October 31 had risen to a record $63.3 billion, up $2.1 billion from $61.2 billion at the end of September, and an increase of 14 tons based on the month-end LBMA gold fix price. This represents the fifth consecutive month in a row in which China has added to its gold.
http://www.zerohedge.com/news/2015-...gold-october-fx-reserves-unexpectedly-rebound
Submitted by Tyler Durden on 11/07/2015
Today we got yet another confirmation that China's July announcement on its gold holdings merely broke the seal of accumulation when the PBOC reported that its total gold holdings as of October 31 had risen to a record $63.3 billion, up $2.1 billion from $61.2 billion at the end of September, and an increase of 14 tons based on the month-end LBMA gold fix price. This represents the fifth consecutive month in a row in which China has added to its gold.
http://www.zerohedge.com/news/2015-...gold-october-fx-reserves-unexpectedly-rebound
As well as it not being backed by nothin' tangible. Gold, silver, etc. It's only paper. Da only value being da value that we place on it in our own minds.
I was under the impression that it was tied to being the only currency that could be used to purchase oil (which isn't the case anymore). From that angle I can see why a recession is imminent.
I miss these types of threads. They we prevalent in da old days.
The Dollar is still pre-eminent due to that very reason, the issue is that Russia and China (along with the rest of the BRICS) are trying to push the world away from that due to the unfair economic leverage it gives us. You're correct in your assertion about recessionary issues, oil has to be at a certain level to keep the world's economy buzzing at a reasonable medium. Unfortunately, two things are happening...we, along with Saudi Arabia are trying to cause massive damage to Russia (and Brazil's) economies (I can explain this in more detail) and we (along with other major powers) are stockpiling oil in massive amounts to fuel their respective militaries for a inevitable world war. The US Government, at this point, doesn't really care about the economical fallout, they will mess with the BLS numbers and try to keep the welfare game going until they absolutely give no fucks and let it collapse. There has been many congressional meetings (some of which you can see on CSPAN) where the primary discussion has been what AMERICA NEEDS TO WIN A WORLD WAR against Russia and China...they're actually having these discussions! The grand conclusion is that the entire economic structure will have to emulate that of America when World War II broke out...a massive mobilization of all resources to promote the war effort.
Interesting shit that Victor/Dynasty is posting.