Mike Ruppert: Economic Warning - October 9 '09

[Hard Assets]

"Sell your vacation home to a Chinaman and take payment in RmB"

LOL !!!

[Big Scotsman]

can you give us a link to where Jim Sinclair mentions that about November 9th?

Sinclair has had a count down to the dollar popping for about six months.  He pretty much counts down on a daily basis if you follow his blog:  http://jsmineset.com/

IMO I don't take it that he believes that everything is going to "pop" on that single day.  I think he believes that something substantial is going to be coming out of China that is going to make people start losing confidence (in a hurry) in the USD and it will start accelerating around that date. 

[Hard Assets]

BigScotsMan,

What country are you in lad?

You're long gold and short the dollar I hear?

[Matt Saveanerd]

stock up on as much Chia as you can afford.

[virtuousman]

blah... blah...blah...blah

meanwhile usd is going back up and gold down...

[ninakat]

blah... blah...blah...blah

meanwhile usd is going back up and gold down...

Wow, the dollar index is up at a big whopping 76.35 as of Friday, a huge leap from its recent low of 75.95. A great big fat 1/2 percent. 

Wow, gold is way down to $1048.90 -- a huge drop from it's recent high of $1061. A great big fat 1% drop. 

Mike Ruppert may or may not have the timing down, but one thing he and others made clear years ago was the fact that as the economy gets into the collapse phase, volatility will be prevalent in all markets.

If you're playing a short-term investment strategy in these choppy waters, good luck. You'll need it. In the meantime, get a clue.

Gold Will Keep Advancing After Reaching Record, Survey Shows
By Nicholas Larkin

Oct. 8 (Bloomberg) -- Gold, trading at a record for a third consecutive day, will keep rising as a weaker dollar and concern that inflation will accelerate bolsters investor demand, a survey showed.

Bullion will advance to $1,150 an ounce by the end of the year, 9 percent higher than today, according to the median estimate in a survey of six analysts and investors at a commodities conference in London yesterday. Estimates ranged from $1,300 to $1,050. Gold already rose 20 percent this year and is heading for a ninth consecutive annual gain, the best performance since at least 1948.

The dollar slumped 6.5 percent against a basket of six major currencies this year, as the U.S. kept interest rates near zero and government debt surged on spending aimed at ending the worst economic slump since the 1930s. U.S. consumer prices will expand 1 percent this quarter and 1.8 percent in each of the following two quarters, according to the median estimate of 49 economists surveyed by Bloomberg.

“The dollar weakening is the main driver at the moment,” Francisco Blanch, head of commodity research at Bank of America Merrill Lynch, said in an interview. The “next step” in the rally “will be driven by commodity markets. It will be a commodity supercycle story and inflation story.”

Gold is often bought as a hedge against a weaker dollar and higher inflation. Bullion holdings in exchange-traded funds have jumped to records. The biggest, the SPDR Gold Trust, has passed Switzerland as the world’s sixth-largest gold holding.

(more)

[virtuousman]

And those percentages were in a timeframe of just a couple of days. I have a fucking clue.

[picasso moon]

Have you looked at the TREND over the last couple of weeks? You really don't have a clue. In fact, you seem pretty clueless regarding LATOC in general. Latest graduate of the Dennis school?

[Seahorse]

Ruppert?? AKA Colonel Kurtz?

[virtuousman]

Well now...you people are just about insults and personal attacks...very intelligent. Far be it for anyone to discount you're wolf cries about something that fluctuates all the time. Oh NO! But THIS TIME is the BIG one! How naive. You've got nothing to back up your claims so you resort to flaming anyone who disagrees. Childish and immature at best.

[pamela]

Yep,,, I have heard from several sources that the Red Alert is on....   Best thing to buy is food. Frozen is dicey. Canned food is best,, meat is going to get hard to get. Humans must have natural fats to survive. Spam is pretty good when you are hungry... I have been stocking up over a year as I could afford it...

The way events are shaping up in the middle east, a nuke "accident" is very possible with fall out world wide. We could very well lose a city or two on the east coast... On the west coast I would guess that Seattle is the first target (nuke sub base and Boeing). China has missiles (thanks to the Clintons) that can hit the midwest..

We live in interesting times. Many will never see 2015...

absolutely top notch advice!

[Seahorse]

Well now...you people are just about insults and personal attacks...very intelligent. Far be it for anyone to discount you're wolf cries about something that fluctuates all the time. Oh NO! But THIS TIME is the BIG one! How naive. You've got nothing to back up your claims so you resort to flaming anyone who disagrees. Childish and immature at best.

No personal attacks, just the facts.  Just compare gold to the dollar since the year 2000, or go back to say about 1920 and see how well the dollar has held its value.  Thank God its not a fast crash, bc I have time to get out of the way.

[Abhaha]

[ninakat]

Well now...you people are just about insults and personal attacks...very intelligent. Far be it for anyone to discount you're wolf cries about something that fluctuates all the time. Oh NO! But THIS TIME is the BIG one! How naive. You've got nothing to back up your claims so you resort to flaming anyone who disagrees. Childish and immature at best.

Look in the mirror. You blustered into this thread with "blah... blah... blah... blah" and then left a statement about the present direction of the dollar and gold, with no explanation for THE INTENT of either statement. Just seemed rude, pointless, unprofessional, and a little arrogant, but really I have no idea what you were getting at with either statement. Now you're all back in a huff for SOMETHING YOU STARTED LIKE A CHILD WOULD. Look in the mirror. Oh, and welcome to the forum. 

[ninakat]

Thank God its not a fast crash, bc I have time to get out of the way.

Same here. I know some people want it to just crash fast and let's get on with it, or something like that. I think maybe we want the fast crash for vindication that we're indeed not off our rockers, like many of the general public think. But the best has been the slow crash, so we "have time to get out of the way" (I like that, Seahorse) -- it's happening all around us, all the time, we just don't notice it as dramatically as how we envision a sudden economic event that shocks the system. Is that what we really want? I don't. But just because I don't want it, doesn't mean it can't happen. It can, and we're closer now to "It will." At least I'm not in denial.