Financial Market Failure
Saturday, June 12th, 2010 at
5:57 pm
The markets will collapse in the next month, but there is hope. The bottom is almost here. What should you do in the next six months? Are you ready?
Tagged with: back • bank • Bernanke • corporate • credit • crisis • envelope • failure • federal • financial • markets • of • paper • Reserve • the
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We are nowhere near done, we have years of bankruptcy’s left to go.
This guy knows some stuff but most of it is ridiculous advice. Since he has the crystal ball why doesn’t he have his own national show or something?
What has happened to him? The market has gotten worse in a way he thought not possible.
The market is exactly where it was one month ago. All the doom and gloom on the news you see is the system purging itself of the excesses. As I said, 6 months things will be better. We are only 1 month into this process. It doesn’t happen quickly.
I wish they’d stop trying to treat the symptoms with bandages based on politics.
So Nouriel Roubini and Peter Shiff(sic) have said things will get much worse with the possibility of a depression not off the table yet are to be discounted by a market in congestion.
Roubini had become a bit more optimistic but again has begun another cycle of doom and gloom. He has stated the possibility of another 20% loss in the Dow plus hundreds of funds going bust.
The way you sound seems that this was just a mild recession like the previous ones we have had.
You were right.
The question is, how long is this going to last? My mother (an accountant who does business with some very large banking firms) says it will last about 18 months — and that it will be “ugly” for a lot of us.
Your thoughts?
Unless the credit card companies and interbank payment system fails, we’ll start to recover in about March of next year. However, because of the lag of the reporting systems, you won’t start to see it reported until June of next year.
Right now, folks are bringing out all the bad news. It’s now OK to report bad things, the executives can blame it on the general economy.
Even 18 months seems too small of a time to deleverage trillions of dollars of the derivative Ponzi Scheme the banking system put together. Billionaire investor Marc Faber has said that 60-100 trillion dollars have been lost worldwide. That is wealth destruction on a magnitude never seen before. Another economist said it is equivalent to 38% of the value of all businesses worldwide. Peter Schaff, I believe, testified before the House that to allow another Lehman to go will propel us into a Depre
The way you make it sound the Fed, the Treasury and the Gov’t over-reacted severely. There was no need to bailout anything at all. Between guarantees and actual cash infusions it totals 5.5 trillion dollars or so. Why all of this if it’s going to recover so soon?
Mish Shedlock has stated the entire banking system is insolvent. The Treasury Markets are giving yields of ZERO. Supposedly it is pricing in a Depression.
My opinion is that they should have allowed it all to go so we could have see
what a farce this Ponzi/Pyramid scheme we have of an economy. What real economy do we have? Who gets by today working only one job or working just 40hrs./week?
As Peter Schiff says we have a phony economy based on debt expansion in the form of a Fed expansionary policy. Inflating the money supply is not an economy but robbing Peter to pay Paul. What does it matter if this hogwash is stabilized if it’s not nothing other than debt paying off other debt, rolling over, refinancing it, debasing the
I wonder if I should continue to subscribe to this since he’s only putting out a video every 3-4 months now.
How the hell does he have over 600 subscribers when he rarely puts up a new video? It’s amazing. He was chugging along with new videos on a weekly basis, then he suddenly stops. That must have been the day he found a girlfriend or something. I liked his economic forecasting before I listened to Schiff, Rogers and Gerald Celente. Then I figured his expertise was more in engineering than economics. I unsubscribed. Just checking in to see what he is up to… and this is it.
Things are not getting better at all.
rotfl,, resolved in 6 months?,, same bs as you usually post,, remember the dollar crash you predicted?
yawn
Hey, genius, remember when the dollar was worth $1.62 Euros and then it dropped to $0.72 Euros?
John was the ONLY guy on the interenet that predicted the crisis of August 2007, when there was $1 billion of shorts on the S&P 500. He predicted a crisis that would crash the S&P 500. And the thwarted crisis was the nuclear bombs on the planes discovered at Minot AFB, originally headed for Iran by a shadow US government. Look it up, you pompous ass.
Maybe because he was in a car “accident” after his accurate prediction of a crisis of 9-11 proportions, a crisis that was thwarted at Minot AFB in August of 2007 (Labor Day).
You need some ‘newer’ videos good buddy!
it’s not the dollar that is set for a crash,, it’s the euro.
the stronger the dollar the weaker the s&p.
even the stronest of late,, the yen, is beaten my the strong dollar.
it’s a simple supply demand issue, the depression has destroyed dollars faster than government monkeys can replace them.
Bush stopped printing the dollar printing/minting report in 2007, because they were printing so much money, they didn’t want anyone to know. The banks demand more dollars from the taxpayers without lending any back out to shore up the jobs. Retail will collapse, then commercial real estate, etc.
deflation destroys dollars (assets and chattle value) at 10 times the rate they can be produced. to make matters worse, all the trasheries they sell will directly compete for stock market dollars.
aussies bailout plan is 50% bigger than ours by gdp.
markets will crash as there is not enough money to buy the treasuries and the stock market,, there is only so much.
dollar will continur\e to rise
He probably left the country lol. I WOULD HAVE! But I’m a broke excuse for an american.
All I got to say to all this is:
GOT GOLD?
2500 more points down on the Dow will be a 10,000 point loss. It’s a slow motion crash.
Keep ‘em coming John, and whatever you do don’t change your intro music.
Why have you not made any new videos lately?
Things haven’t changed enough to warrant a new video. I know that lots of exciting things are happening in the news, but the fundamentals haven’t changed. There are lots of people who can report the news.
My advice is the same: Stay cash. Have food. Stay away from Precious Metals.
One thing: The bottom is near. One or two more plunges and it will stabilize… if they stop changing the rules.
I’ll make a new video as soon as it’s time.
Thanks for watching patiently.