[///MPhatic]

Seems pretty fast, but who am I to say?

[2000cs]

He showed a bunch of charts of past data, and made a prediction for which he provided neither argument nor data. In other words, he didn’t support his thesis. He might be right, but it seems like the smart money is still betting contrary to his thesis.

Guys like this pop up every time there is market pain, inflation, recession, whatever negative. Usually hawking gold, sometimes guns/ammo and prepper foods. Always wrong, although like the proverbial broken clock, at some time perhaps he will be right.

[ryan stewart]

Clicked through to his youtube channel. Id be willing to bet against him 8 days of the week.

[///MPhatic]

Originally Posted by ryan stewart

Clicked through to his youtube channel. Id be willing to bet against him 8 days of the week.

I don't follow him, and haven't seen anything else he has done, I just know that he normally doesn't do videos like this, and he's well-liked.

It's part of the reason I posted it here, to get input on what he's saying, as I don't know anything about it.

[540iSUP]

LOL I saw this vid. I actually do follow this guy, but not for financial advise. I'm one of those Ancient Alien wack-a-do types. I feel he should stick with History and Ancient theories instead of economics and politics.

[NickyC]

One thing humans are good at is being terrible at making predictions. Ice age was going to kill us, then acid rain, then holes in the ozone, now global warming. Give them another 15-20 years and it will be another supposed man made calamity that will be the end of us. Same with the economy, there's always somebody to predict doom and gloom and somehow everything just keeps trucking along one way or another. Anybody who is in the business of selling doom has an ulterior motive. Fear, especially the irrational kind, is incredible at moving people to do things that otherwise would seem insane. Just look at the complete insanity over the past couple of years, many people are impacted by irrational fear and cannot think clearly. I still see plexiglass barriers for instance at cashier checkouts, it's just mind numbing to see the stupidity.

Reminds me of Peter Schiff. The guy was correct about 2008, but if you had listened to him since then you'd have missed out on the biggest stock market boom of all time. People just flat out suck at making predictions, but it never stops anybody from making them.

[e90335e36m3]

I don't disagree with the general sentiment, things will become more expensive. But skyrocket so as to buy 2 years worth of food? Insane. He's trying to incite a panic almost.

[ryan stewart]

Originally Posted by NickyC

One thing humans are good at is being terrible at making predictions. Ice age was going to kill us, then acid rain, then holes in the ozone, now global warming.

What's funny is your examples are interesting, since back then people reacted to two of them after the concern was brought up to SOLVE the problem...