Old video .. but interesting ...
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Tanner Lane
9/14/2012 05:17:21 am
Though he threw out some pretty radical ideas he does seem to have a point. Trying to protect your assets is always a good idea but becoming prepared to make money in a down market might be an even better one. THough I don't dream every night of an economic recession being prepared to capitalize from one seems like a smart investment in today's economic times. People control the economic market and trying to persuade individual minds to all pull in the same direction just is not plausible.
ECO_10am_6596
9/16/2012 02:21:25 am
To put things in perspective...it's not about money, it never was...it's about survival...Guess I'm gonna go learn how to sew and all that crazy take care of myself stuff now...
M Barnett
9/16/2012 02:11:21 pm
"Cancer ... it's gonna grow ... get prepared." 9/17/2012 04:30:21 am
He makes a logical point, the government only can protect/manage the economy so much. When it comes down to recessions like these money is in control so therefore the big money like Goldman Sachs can affect the economy the most.
Eco_10am_4148
9/18/2012 11:47:01 pm
We haven't gotten into this recession overnight. While I find it disturbing that someone would dream of it getting worse I can understand being prepared to take advantage of a situation and make things better for yourself. Sadly the average person is severely under informed about the economy and are not prepared for when times get tough. Educating yourself is the first step to being prepared and capable of weathering the storm.
seth simons
9/20/2012 12:26:05 am
The main idea behind the stock market is simple, buy low and sell high. In good market, manufacturing and consumer goods are where the money is. In bad markets, commodities and neccessities are where the money is. When the government injects money into markets, investors will invest in those areas until the stimulus runs dry. Then those investors will jump ship.
M Barnett
9/20/2012 03:01:09 pm
Good stuff, Seth. Politicians count on people to 1) forget and just go on ... which most tend to do and 2) become distracted easily. You are clearly paying attention.
Christian J. Johns
9/20/2012 05:39:14 am
BBC employee's jaws may have dropped but I loved every word this guy said. The only thing I don't like is that now the cats out of the bag. If you haven't realized that GS rules the world and they don't care about the individual then you have no hope as it is financially. Of course GS rules the world and of course they don't care about anything but profit! That's why you have to be prepared just like he said and get ready to profit off of other peoples sadness and despair!
Eco_10:am_3588
9/20/2012 06:27:41 am
Well, from what I've been reading it sounds like a lot of people are going to suffer and all the smart people are looking to survive an economic crash that will shake modern day civilization to it very core. Yet we have to remember that a recession can be a good thing. For one it forces businesses and individuals to manage their finances better, it creates a closer home dynamic, and it helps lots of people lose that unwanted weight. So when the recession is over it will have creating a stronger, healthier, and stable economy.
ECO_11am_6829
9/20/2012 07:20:57 am
The honesty of this man is amazing. Lets face it everybody tries to find ways to make more money; that is just our nature. We are greedy people we always want more and we are never satisfied and that's what put us in this recession. He said it clearly we need to be prepared, and the best way to do this is to be informed and well-educated. The worst mistake we can do is just sit around and let the government try to fix this mess. Take advantage of this as well, learn how to make money from a downward economy, watch the movement of the economy daily. Is up to us to decide what do with our finances. So open your eyes its time to act!
tchapman
9/20/2012 11:24:06 pm
Everybody wants money. As a society we can never have enough money. What people need to learn is how to use the money that they have. Once you learn how to manage your money you will realize what you actually have.
Eco_10_0152
9/21/2012 12:38:54 am
What this trader said has been in the back of a lot of people's minds for a while now, he just had the balls to say it on national television. He hit the nail on the head when he said protect your own assets, because that's literally the only thing we can do, besides prepare like buying necessities now while they're still relatively cheap.
10321022 - 11am
9/21/2012 04:07:14 am
I dont believe that people should rely on a recession to make their money. Yes, sometimes a recession can cleanse a nation and get them back on track but not like we are right now, or expecting in 2013. There are few traders and a lot more average jobs that dont rely on a recession to get rich.
R10471973
9/21/2012 12:21:07 pm
After watching this video, and reading about our troubles we will be encountering in 2013, it's is probably safe to say that it is time to prepare if the market decides to decline more. Being financially prepared and have all assets safe will be key in making it through this recession better off or at least not as bad. No sense in losing tons when you can try and avoid such predictions.
Elizabeth Mendez
9/21/2012 01:41:53 pm
Although I don't entirely agree with what he said I do agree with his statement to protect your assets. The economy is going to get worse before it gets better and being prepared is always the best way of thinking. Instead of focusing on how to gain money from when a depression strikes I think he should have focused on telling people to prepare for the depression. Leave a Reply. |
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