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comment by madmatt112
madmatt112  ·  2368 days ago  ·  link  ·    ·  parent  ·  post: Banks Raise Red Flags on US Economy

I've read ZeroHedge on and off over the years... I feel that they've been calling for catastrophe Stateside for some time now. I've started to wonder if they cry wolf to get eyeballs - or maybe they're paid by actors with motivation to cause financial turmoil. Thoughts?





sojourner  ·  2368 days ago  ·  link  ·  

Yes, them and a bunch of others have been pounding the drums for a bit. I think some are talking about the sky falling down because they're selling gold and silver. I think some can see the system is unwieldy, but are don't have the skills to see exactly when it will topple. (For example, some years back Gerald Celente, a respected forecaster, noted that he was wrong about when because how was he to know about the schemes, band-aids, duct tape and QE that they would come up with to hold things together.)

Then I started hearing similar rumblings of a catastrophe from more mainstream folks.

I think it's like Martin Armstrong says. I think a lot of people are only looking domestically, ignoring the greater world economy when they make their predictions.