# 1 Threat Facing the Global Economy Today

And according to Robert Kiyosaki the money-media is not covering it:


With some examples from around the world, it is….

After some chit chat about Hawaii corruption they get into the PBGC:

and the CALPERS Ponzi Scheme:

Full show:

10 responses to this post.

  1. Posted by Tough Love on January 2, 2019 at 8:27 pm

    Oh come-on !

    It can’t be THAT bad ……… can Stephen Douglas/Earth (and his new groupie El gaupo) be wrong?????


  2. This was an AWESOME series! And because the 5 segments were all under 2 minutes even block heads like me, with major ADD, had no trouble focusing on the major points!

    What is the BIGGEST threat today? One word= BUBBLE!

    No two words= BUBBLE ASSETS!

    Virtually everything today: stocks, real estate, even gold, everything= BUBBLE.


    • I also have a hard time believing that a Certified (Financial) Planner does not know what the acronym PBGC stands for…. I loved this YouTube interview…..

      CalPERS new name is CalTURDS, because it is a huge turn waiting to go belly up.


    • Posted by stanley on January 3, 2019 at 9:40 am

      “Virtually everything today: stocks, real estate, even gold, everything= BUBBLE.”

      If everything is in bubble territory, then cash must be a screaming buy. Right? Who in their right mind would call the U.S. Dollar a screaming buy? Maybe it’s the Euro, or the Canadian Dollar, or the Yen? Japanese govt debt is over 3 times GDP! I can’t say that gold won’t sell off, it could be short term over bought. Foolish people abandon gold but it always comes back to take its rightful place in commerce–as a store of value and medium of exchange. When gold trades against the DJI at a near one to one basis, it will be time to switch back to equities. Meanwhile, for speculators silver is probably the asset with the better future and small cap miners might also deserve a look. JMO.


      • Posted by NJ2AZ on January 3, 2019 at 11:59 am

        curious if we’re sufficiently advanced as a society yet to realize gold is a bubble as well. that is to say, if the value of fiat currencies collapses, will gold follow? If you think about it gold isn’t really any more valuable to the average joe than fiat currency. If we get to mad max times and someone came to me offering gold for my food or weapons or water, i’d laugh in their face

        or more likely rob them of their gold :p


        • Posted by stanley on January 3, 2019 at 6:54 pm

          I don’t know how the troubles play out. The worst case would be descending into savagery and staying there. The next worst case would be a deflationary collapse, which would be very bad because the courts would be responsible for sorting out who owned what–and impossible task IMO. Next worst (maybe) would be a catastrophic inflationary depression–pretty bad but the problem of ownership wouldn’t be so bad.

          Gold bugs recommend having a position in the p/m sector, but they also recommend all sorts of other preparedness effort–canned goods, stored grains, guns and ammo and so. Several years ago, a web post had his double preparedness system up on the net. Many gallons of gasoline in his garage and–I’m afraid I forget what the other category was. Probably food, but I can’t remember how he had it stored.

          A very good preventive measure that could be taken now would be the cancellation of any and all programs that try to assist recreational drug abuse people. If you get into any of those habits, you should be entirely on your own. Another, would be the widespread recognition that pension and health care benefits have been grossly over promised and need haircuts. As unpleasant as that is, it is far preferable to tearing down our country.

          Anyway, owning gold assumes that there is a new money and a recovery to civilized life.


  3. Posted by geo8rge on January 3, 2019 at 8:13 am

    Around 11:00 discussion of corruption in Hawaii, Hawaii next Puerto Rico (Hawaii unlike PR is a state and has a congressional delegation so maybe not like PR)

    Sunny Skies, Shady Characters: Cops, Killers, and Corruption in the Aloha State (A Latitude 20 Book) Paperback – August 31, 2015 by James Doole

    Corrupt Governor and former police officer(Kiyosaki and MacGregor’s words).

    John MacGregor CFP

    Top 10 reasons why the rich go broke (April 2019)

    (dead link?) YourThrivePath.com

    Off topic but MacGregor held a contest to design the cover of his previous book:


  4. Posted by boscoe on January 3, 2019 at 11:41 am

    Zimbabwe has pensions? Who knew?


  5. Posted by stanley on January 6, 2019 at 10:33 am

    The number one threat? I can’t say until after the fact which problem will be the worst. https://market-ticker.org/akcs-www?post=234792 Here, we read that Social Security is in fair shape, but that Medicare and Medicaid are the problem bearing down on us–quite seriously. Anyway, what would a lovely Sunday morning be without a little doom and gloom?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: