This Is Going To Shock The World - John Mauldin
August 23, 2012
Today John Mauldin stunned King World News when he went into detail about events that will, “… be a shock to the world.” Mauldin, President of Millennium Wave Securities, also warned, “Nobody sees that coming.” Here is what Mauldin had to say: “The problem is the deficit. We hit the wall, I don’t think most people really understand how catastrophic it would be to hit that wall. It’s just something that we haven’t seen in the US. It’s not in anybody’s lifetime experience, and it would be ugly.”
John Mauldin continues:
“If you want to know what it looks like, go to Spain, go to Greece, go to Argentina. Go to any one of a couple hundred countries that have hit that wall. There is a wall. There is a limit. It’s more difficult this time. We’ve got a deeper, bigger problems.
If you were looking at a stock chart, of the ability of this Congress to work together, it would not be a stock you would buy….
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Whistler Blowers, Insiders
And the solution will be….print more money!
We use their worthless paper and they stack bars of gold because they no the out come of their designed crash. Msm tells us all day how crazy it is to buy gold & silver when fact those are the only real assest to hold. F stocks and f bonds. Its all a ponzi scheme because it ends with you losing your money(retirement).
and it goes on and on and on and on and on and on and on and on…..
ZOMG A COLLAPSE IZ IMMENENENT!!!11111
oh gee….what breaking news! Thanks a lot.
This is only the ten thousandth story we heard about the collapse since 2008. THis story tops out with a close second being….we’re going to attack Iran. How many YEARS have they been telegraphing that likelihood.
Don’t you get it…everyone (literally everyone) is full of BS. Everyone has an agenda. Everyone is desperate. And those that appear to be genuine, don’t have a clue or all the facts. However that doesn’t stop them from speculating and pontificating like an educated derelict.
blah blah blah. NO ONE knows what is going to happen. Thus…the need to completely ignore this crappola.
“That would make the dollar so remarkably strong, when combined with the balanced budget, that we would actually deserve to be the reserve currency again. America could be the America that we all think that it should be in our mind, that we would like it to be.”
That is until the interest rate goes up to, say, 4%. Then we would be forced to choose between paying the interest on the $16T in debt or funding our military, social security, medicare and just about everything else the government does.
Congress not working together and stuck in gridlock is the best place they can be for the ecenomy and the country. Every time they pass a bill into law ityt takes a toll on this country, our freedom, and our ability to conduct business and to prosper. The mess these laws create becomes the next reason they “need to act” and pass a new law. One of the few truly constructive things that Congress could do would be to start repealling the thousands of laws they have passed and that are choking our country. Yhis is the action we need to see out of Congress!
The stock market dropped today…. it seems those who decide the reasons “why” after the fact say it is because the Fed didn’t send the right signal on QE3. This is moronic….. the stock market goes up when they print more money and as money floods the market the value is less. Think about it, if you keep driving the cost of money down to zero, doesn’t it become worthless eventually-?
“…As it turns out, we have found so much natural gas and oil in this country, with the new procedures and the new technology, that we can become energy independent in less than ten years, maybe even by the end of the decade…”
John Mauldin
Now I can safely go shopping for my 8cyl gas gazzler that I’ll keep running for the next 50 years.
Thanks for the advice John
This story is taken completely out of context. He is speaking of America’s need to use our natural gas. ““As it turns out, we have found so much natural gas and oil in this country, … If we start exporting value-added natural gas, in the form of fertilizers and plastics and other products that you make from natural gas, we could have a positive trade balance in less than ten years. That would be a shock to the world. ‘Nobody sees that coming.’” Why have you taken the last line from that paragraph and singled it out to make the Mr. Mauldin’s quote geared more toward fear vs. good ole financial advise for America. He is only saying that it would shock the world if we staring exporting our natural gas, as it would strengthen us. He is not saying anything else.
Stop trying to scare everyone.
Exporting natural gas isn’t going to fix anything unless the profits are paid to the true owners of that natural gas, the people. And there’s not enough natural gas or oil to put even a dent in our national debt.
Currency is going to have to end for people to actually be free. Capitalism has destroyed this nation like its destroyed every other country. Currency is only a tool for the rich. Serves no purpose to regular people.
So they are going to collapse the card house? I did it a hundred times when I was kid, it was fun you just stack up cards. The paper money isn’t real. It’s like the money in a Monopoly Game. What are they going to do with it – start a fire?
anyone know of a good site that has REAL news, BIN is too overrun with shills…wonder how much we are paying them an hour
@KNOW if youvlike alternative news, try http://WWW.usahitman.com
I like that site because they collect good news, and you don’t get all the hateful bs comments. I agree with you!
Thanks for the site, Sasquatch! Went there and enjoyed it thoroughly.
If you want a collection of alternative news, go here: http://revolutionradio.org/
Stan I just found that site last night! LOL I was going to mention it to anonymous. Its a great site!
Vote Ron Paul!
I’m investing in lead and brass.
Just another puppet show, they will never get the chance.
MASS ARRESTS NOW!!!
get ready,,,,,,
survivingsurvivalism.com
soon enough this train is going to get the station….
get ready
survivingsurvivalism.com
Is THAT why it was called WALL ST