Michael Lombardi - Critical Warning Number Six

solas111

Does anyone know if this guy is for real or is it just a scam?

A lot of what he says seems to make sense and his previous predictions appear to have been spot on. Then again, I predicted some of those same things with some accuracy and I know absolutely nothing about the markets.

Is he just making his money by selling advice at $195 a year and if so, is it worth the price?

Apologies if this post is deemed to be inappropriate.

moneymad

solas111 wrote: »

Does anyone know if this guy is for real or is it just a scam?

A lot of what he says seems to make sense and his previous predictions appear to have been spot on. Then again, I predicted some of those same things with some accuracy and I know absolutely nothing about the markets.

Is he just making his money by selling advice at $195 a year and if so, is it worth the price?

Apologies if this post is deemed to be inappropriate.

yes

martyoo

yes

Is that answer to the first or second question?

Then again, I predicted some of those same things with some accuracy and I know absolutely nothing about the markets.

You have your answer.

DarkDusk

If this guy was so sure that his predictions where going to come true, why would he have to charge $195 for information? If he was so sure about what he was doing why isn't he going "all in" on the proposed investments.

Scam

EDIT:
2013 is going to be a very eventful year though, I'd say that another market crash is very possible, even an economic collapse maybe.

liammur

The scam is bernanke printing money, and trying to print his way out of a mess.

DarkDusk

liammur wrote: »

The scam is bernanke printing money, and trying to print his way out of a mess.

+1, aswell as Draghi and the rest of those "banksters"!

tommylimerick

ya the americans are printing money
wouldn t that devalue their currency and make it easier for them to meet capital repayments and have a default through inflation ?
how do they put more money into the system , i mean how do they put that money into circulation or do thay just let it sit in a vault

martyoo

i mean how do they put that money into circulation or do thay just let it sit in a vault

I think that is one of the main arguments against QE that it is used to mainly purchase bank assets and then that money just sits in the bank doing nothing.

I guess it is a somewhat similar situation here in Ireland too.

DarkDusk

The Federal Reserve is the central bank in America. At the moment, the majority of the money that they print is buying up US Treasury Bonds, which is basically he country's debt. 80% of treasuries are now bought by the Fed, as far as I know (could be wrong on that figure).