|
|
Go to page 1~2 [Next] | ||||||||||
daffydoug Eternal Order Look mom! I've got 14077 Posts |
Found this interesting....
Renowned Funds Manager Predicts Global Economic Collapse There was an interview on CNBC of the renowned funds manager Julian Robertson. He is one of the greatest of the old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him 'Never Been Wrong' Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bear market. Of course, he's a very old man now. But his reputation on the Street is like nothing you could imagine. When the segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone. That's how powerful this man's reputation is. Robertson was actually a teary-eyed, an old man. When Ron Insana asked him about his predictions, he said that he's worried about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by that bubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing, and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the global economy in the process, creating an inflationary spiral unheralded in the economic history of the planet. Insana then asks, "Where does it end?" And he said, "Utter global collapse." Not simply economic collapse; complete disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion. In 10 years time, he said, whoever is still alive on the planet will be effectively starting again. And the comments were so negative. I've never heard anything like it. From a guy who was 53 years on the Street. This is Julian Robertson, the renowned Republican. And yet he blamed everything on 'the Bushonian Cabal,' that the Cabal has now consolidated power and money on the planet to the maximum extent possible. That the planet's net liquidity--that is, net free cash flow--is now a negative number. That the planet is not simply sinking into a sea of red ink; it is already sunk. The people just don't realize it yet. The enormity of it was such that he said that the Bush-Cheney regime--calls them 'the Bush-Cheney regime' (I swear this guy must listen to me)--the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, not civil unrest. That isn't what he said. He said that it will be necessary to control, in 5 years' time, food and water riots. He said the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin. Food production will fall. And any further effort to control environmental destruction will be abandoned. Inflation will run into the double and eventually triple digits. People will be carrying around U.S. dollars in wheelbarrows like Germany. And he finally ended his comments by saying that he hopes that he is not alive to see this. And he looks at Ron Insana and he said, "The 'lucky' ones are the ones who are my age now." Total collapse of public infrastructure. Total collapse of medical care systems. All public pension plans, Social Security will collapse. All corporate pension plans will collapse. I've never heard anything like it. But he backed that up with some fabulous statistics that I have pointed out before in various articles. What he did is he did it all in literally one statement literally. But, 14% of all real estate transactions now being interest-only mortgages, and another 14% of people now, that, when they bought their homes, originated more than 100% of the purchase price in the mortgage and then borrowed further. This was on the Ron Insana show on May 24, 2004. I mean, it was absolutely extraordinary. And he had pointed out all that we have pointed out before. What he talked about is he globalized it a lot more than I have in the past by saying that the American consumer is effectively now supporting the rest of the planet, which is true; that consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this exists in virtually every nation state on the planet now. And he pointed out, more importantly, and I'm trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet. And it was absolutely extraordinary. When Insana asked him, you know, he said he had sold all of his real estate and he was moving into one of the new super-secure compounds for wealthy Republicans for when the 'barbarians will be at the gate.' He said, "Ron, those barbarians will be potentially a third of the American population." Ron asked, "What are your friends doing?" The implication being wealthy Republicans. And, this is interesting, he said everyone that he knew that had a home worth more than a million dollars in the United States has sold it. They have sold all of their landholdings. They have liquidated all U.S. securities. They have bought a townhouse or something in one of the new ultra-high secure semi-secret Republican compounds with the barbed wire and the machine guns. And then they also own a home, like, in the Cayman Islands or somewhere in the Caribbean. He spoke of the new Republican high-security compounds that are being built throughout the Caribbean, and even in Switzerland. And this is what he points to: He said the new wave, or where the wealthy Republicans are going in their housing--and he's right. It tells you much about what the wealthy Republicans think of where this planet is going: that they all want to live in these ultra-high security communities that haven't even been built yet. And we're talking about not simply the guards at the gate. We're talking about communities the security of which have never been built before. He's referring to is these new gated communities that are being built with the 18-foot high walls and the machine-gun-toting guards and underground food lockers, cryogenic food lockers, and their own power plants, their own water. But it bespeaks volumes of where the top 10% of the nation feel the planet is going. The only thing that keeps popping into my mind is - what is it going to look like in ten years' time? What comes to mind is the final 30-second shot in the movie Rollover. The famed movie Rollover with Kris Kristoferson and Jane Fonda. The final 30-second shot when the decision was made, when Hume Cronyn is standing in his office in the Citi Bank building in New York with its 30-foot vaulted ceilings and mahogany paneling. He's got the phone in his hand and he's talking to the group of bankers, the 13 Gnomes, he called them, in Switzerland, that have the last remaining free cash flow in the world. He says, on the telephone, "Pull the plug." Then he lights up a cigar and pours himself a glass of brandy. And he looks down on the street. He's 20 floors up. It's all plate glass window. It was actually shot at the Citi Bank building. And he looks down the street. It's winter. December. Absolutely bitter cold, 3 feet of snow on the ground. And all is dark. The power's gone. No more power. Everything has begun to collapse. And the wind, you hear this frigid wind whistling through the canyons of the streets around Wall Street, which have become canyons. And there's a few people there in tattered rags, with steel drums, burning stuff to keep warm. It shows them, they keep dumping in U.S. currency to keep the fire going. And then at the end it shows down between Wall and Broad, there's like 2 or 3 hundred people, there's a food riot in progress. And Hume is sitting there looking out of his plate glass window with a cigar in his mouth. The very final scene: You see the food riots. Then you see the police come in in these ultra-high-tech-looking riot control, hover vehicles. They're all black matte with dark red digitized writing that says "State Security." And they start gassing the crowd. And then it shows the Citi Bank executive helicopter coming down on top of the 57th floor of the building to pick up Hume. He gets in the helicopter. The pilot actually asks him, "Where are we going?" And he said, "Oh, to my executive compound." The pilot points in the front seat of the helicopter and he said, "We have a case of the 1961 vintage Rothschild `61. Mr. Chairman, we secured an extra case for you." Then they fly over where the food riots are. And there's no power. And there's trash blowing through the streets. And some of the telephone poles have come down. And they swing over the harbor and most of the boats are swamped or sunk or all grungy. This is what Robertson's words reminds me of. --- * AL MARTIN is an independent economic-political analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. As a former contributor to the Presidential Council of Economic Advisors, Al Martin is considered to be a source of independent analysis for financially sophisticated and market savvy investors. After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government aka the US Shadow Government. His memoir, "The Conspirators: Secrets of an Iran Contra Insider," ( http://www.almartinraw.com) provides an unprecedented look at the frauds of the Bush Cabal during the Iran Contra era. His weekly column, "Behind the Scenes in the Beltway," is published weekly on Al Martin Raw.com, which also publishes a bimonthly newsletter called "Whistleblower Gazette." Al Martin's new website "Insider Intelligence" ( http://www.insiderintelligence.com) will provide a long term macro-view of world markets and how they are affected by backroom realpolitik.
The difficult must become easy, the easy beautiful and the beautiful magical.
|
|||||||||
mike paris Regular user 179 Posts |
Daffy,i noticed that this info came out 3rd june 2005,how come this has just come to light 2 and a half months later?
|
|||||||||
Dr_Stephen_Midnight Inner circle SW Ohio, USA 1555 Posts |
Whether the conclusion is right or wrong, the Cheshire Cat was right:
"We're all mad here; I'm mad...you're mad..." Steve
Dr. Lao: "Do you know what wisdom is?"
Mike: "No." Dr. Lao: "Wise answer." |
|||||||||
drwilson Inner circle Bar Harbor, ME 2191 Posts |
No, this is all in Nostradamus. Buy ammunition and meat tenderizer while you still can.
Yours, Paul |
|||||||||
dpe666 Inner circle 2895 Posts |
Quote:
On 2005-08-19 22:14, drwilson wrote: And a case of Dr. Wilson's Memory Tonic! |
|||||||||
drwilson Inner circle Bar Harbor, ME 2191 Posts |
Thanks for the plug, but some things you don't want to form sharp memories of! Although it does strengthen the nerves...
Yours, Paul |
|||||||||
daffydoug Eternal Order Look mom! I've got 14077 Posts |
Quote:
On 2005-08-19 21:17, mike paris wrote: Some things take a while, I suppose.
The difficult must become easy, the easy beautiful and the beautiful magical.
|
|||||||||
Stuart Hooper Special user Mithrandir 759 Posts |
Sounds like there will be a great need for magicians, then.
|
|||||||||
johnnymystic Inner circle North Adams Ma. 1576 Posts |
Quote:
On 2005-09-20 19:19, Stuart Hooper wrote: Or Jesus... johnny
I drink cheap tequila and vomit
<BR>I cannot eat hot wings...acid reflux <BR>I never inhale <BR>I can put a field dress on a deer |
|||||||||
Scott Cram Inner circle 2678 Posts |
The end of the world . . . again?!?
I'm not worried. By my calculations, I've lived through 8 ends of the world, so another one won't be any big deal. Quote:
On 2005-08-20 07:06, drwilson wrote: During the end of the world, I'll take as much cataleptic neuroplexy I can get! |
|||||||||
johnnymystic Inner circle North Adams Ma. 1576 Posts |
It actually sounds like it could mean there will be a cashless society, would this then mean that there would be a transition to everything being paid for by credits? Kinda like in the movie Total Recall?
johnny
I drink cheap tequila and vomit
<BR>I cannot eat hot wings...acid reflux <BR>I never inhale <BR>I can put a field dress on a deer |
|||||||||
ChristianR Veteran user 356 Posts |
Anonymous said...
That article by Al Martin is a bunch of BS. He fabricated virtually everything he attributed to Robertson. The CNBC interview can be found here: The CNBC interview with Robertson 2:09 PM Don't worry people like me who believe everything, I love this guys note. I did reliable research on the guys and turns out hes just a good invester no pychic weirdo
Tarbell!
|
|||||||||
Jonathan Townsend Eternal Order Ossining, NY 27300 Posts |
I saw that movie... "Rollover", right?
...to all the coins I've dropped here
|
|||||||||
Autumn New user 20 Posts |
I already have a little cabin and greenhouses at the ready to grow my own food if need be...it is all really something to think about...you just never know.
Better safe than sorry. Oh, and I have guns and can shoot a moving target from a moving horse...in case my hothouse tomatoes take off on me. This has been a true story. Autumn |
|||||||||
Scott Cram Inner circle 2678 Posts |
Well, we won't have to worry about the economy, according to this:
PLANET-DISSOLVING DUST CLOUD IS HEADED TOWARD EARTH! Monday September 12, 2005 By MIKE FOSTER CAMBRIDGE, Mass. — Scared-stiff astronomers have detected a mysterious mass they've dubbed a "chaos cloud" that dissolves everything in its path, including comets, asteroids, planets and entire stars — and it's headed directly toward Earth! Discovered April 6 by NASA's Chandra X-ray Observatory, the swirling, 10 million-mile-wide cosmic dust cloud has been likened to an "acid nebula" and is hurtling toward us at close to the speed of light — making its estimated time of arrival 9:15 a.m. EDT on June 1, 2014. "The good news is that this finding confirms several cutting-edge ideas in theoretical physics," announced Dr. Albert Sherwinski, a Cambridge based astrophysicist with close ties to NASA. "The bad news is that the total annihilation of our solar system is imminent." More on this article here and here. |
|||||||||
ChristianR Veteran user 356 Posts |
Lol! I love those articals...
Tarbell!
|
|||||||||
Big Jeff Loyal user 300 Posts |
Only we republicans are smart enough to know this is coming. The rich democrats out there know nothing about this.
Just go about your lives and leave the future to us. |
|||||||||
Skip Way Inner circle 3771 Posts |
This just in! Noted Meteorologist Dr. Chick N. Liddel was spotted today running manically through the streets of lower Manhattan shouting, "The Sky is Falling! The Sky is Falling!" Film at 11.
How you leave others feeling after an Experience with you becomes your Trademark.
Magic Youth Raleigh - RaleighMagicClub.org |
|||||||||
Big Jeff Loyal user 300 Posts |
Skip, you sure it wasn't Art Bell?
|
|||||||||
balducci Loyal user Canada 227 Posts |
Daffydoung and other interested parties ...
Concerning the veracity of that story involving Julian Robertson, see this: http://www.andongkim.com/articles/2005/0......gkim.htm (Make sure you read all the way to the bottom of the page at the link above.) Now, it remains that Robertson IS negative about the American economy, and the so-called housing bubble (which most financial advisors are still blind to). And, personally, I am long oil, gas, gold, lumber and other resources, and am short Fannie Mae. So I pretty much agree with Robertson, and am set for the forthcoming collapse. :)
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
|
|||||||||
The Magic Cafe Forum Index » » Not very magical, still... » » Something to Make The Hair On The Back of Your Neck Stand up (0 Likes) | ||||||||||
Go to page 1~2 [Next] |
[ Top of Page ] |
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved. This page was created in 0.1 seconds requiring 5 database queries. |
The views and comments expressed on The Magic Café are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic. > Privacy Statement < |