Danger Ahead: A Warning From Carl Icahn

[Taco]

Billionaire Carl Icahn warns of a financial collapse in the near future.

"God knows where this is going. It's very dangerous and could be disastrous," said Icahn, who has been a consistent critic of the Fed for keeping its benchmark interest rate close to zero since late 2008.

[Tsar]

I watched part of that interview earlier today. The next financial collapse will likely be a complete financial meltdown. Many people could lose almost all their paper wealth if hyperinflation or the collapse of the dollar is one of the byproducts of the financial meltdown.

[Yohan]

He is 79 years old and I do not expect him to die in poverty.
If he is so worried about USA I wonder why he is not changing his money into Chinese Yuan or Vietnamese Dong or even Philippine peso .... leaving USA for good... Happier Abroad...

Interesting that all these superrich people while complaining they are not getting richer anymore, all prefer to stay in USA...

[Teal Lantern]

Interesting that all these superrich people while complaining they are not getting richer anymore, all prefer to stay in USA...

Where else are they going to convince enough suckers to take the other side of the trade and also not shoot them, later?

[Taco]

Interesting that all these superrich people while complaining they are not getting richer anymore, all prefer to stay in USA...

Don't worry about him. Billionaires are never in harms way, legally, financially or physically. He'll have many offshore properties and investments he can run to when SHTF.

[Contrarian Expatriate]

He is correct about the mismanagement of the monetary policy by the Fed. Near 0% interest rates will have to go up one day and that is GUARANTEED to spark a tumble in the stock market and other bubbled markets.

It is best to invest abroad in banks with respectable rates, and in precious metals (to include mining).

When the bubbles start to pop, you will be in a good position to not only retain your wealth, but to profit.

[Taco]

He is correct about the mismanagement of the monetary policy by the Fed. Near 0% interest rates will have to go up one day and that is GUARANTEED to spark a tumble in the stock market and other bubbled markets.

It is best to invest abroad in banks with respectable rates, and in precious metals (to include mining).

When the bubbles start to pop, you will be in a good position to not only retain your wealth, but to profit.

That's an understatement.

Interest Rates Haven’t Been This Low Since 3,000 B.C.
http://www.caseyresearch.com/articles/i ... ce-3000-bc

[Taco]

This is how empires are destroyed.

The Fed has had 0% interest rates for nine years which has artificially propped up the stock markets. Sweden and Switzerland have negative interest rates. There so desperate to loan money their willing pay their customers to borrow it. Law of diminishing returns is in full effect.

Rising Interest Rates 101
http://www.forbes.com/sites/phildemuth/ ... rates-101/

[Eightfold Path]

Solutions?

[HouseMD]

Solutions?

Interest rates are going back up slowly soon. This is a non-issue, it's ridiculous.

[Cornfed]

Solutions?

Interest rates are going back up slowly soon. This is a non-issue, it's ridiculous.

An end to low interest rates and quantitative easing would cause an immediate collapse in stock and asset prices. It would be strange if the PTB allowed this.

[Eightfold Path]

Solutions?

Interest rates are going back up slowly soon. This is a non-issue, it's ridiculous.

I suppose HA's members need something to complain about. The word 'solutions' might as well be Mandarin.

[fschmidt]

I suppose HA's members need something to complain about. The word 'solutions' might as well be Mandarin.

There are no solutions to symptoms, and the economic mess is just a symptom of a depraved culture. The eventual resolution will be an economic reset which will wipe out the middle class.

[Taco]

Negative interest rates discussed at 18:30 of video.

Keiser Report: Those Confused Investors!
https://www.youtube.com/watch?v=ogKSDZlEkTU#t=1175

[Taco]

Just in case you missed it...

Negative Interest Rates Put World On Course For Biggest Mass Default In History
http://www.telegraph.co.uk/finance/comm ... story.html