Crash Proof...How toprofit from the coming economic collapse

[dbarberic]

Re: Crash Proof...How toprofit from the coming economic collapse

We're still working out the details but can say now that iTulip Select subscribers who have a one year subscription will receive a copy in the mail for free, and an iTulip T-Shirt, too.

I subscribe by the quarter, but it automatically renews. Am I included too?

[Mega]

Re: Crash Proof...How toprofit from the coming economic collapse

Oh Peter just ROCKS...Read this:-

"Despite all this negativity surring the $ the folks mangering the econery stand around like miners around a comatose canary, wondering what's bothering it and concluding maybe its taking a nap!"

Prech on brother Schiff!

Mega

[metalman]

Re: Crash Proof...How toprofit from the coming economic collapse

Oh Peter just ROCKS...Read this:-

"Despite all this negativity surring the $ the folks mangering the econery stand around like miners around a comatose canary, wondering what's bothering it and concluding maybe its taking a nap!"

Prech on brother Schiff!

Mega

troll. troll.

(had to say it twice due to 10 char min.)

[Gnosis]

Re: Crash Proof...How toprofit from the coming economic collapse

Hello to everyone. I am new here and found this thread pertinant. I read the Crash proof book and have followed Shiff on his web site (video etc) for a while. I even went to Newport Beach to his offices there to meet a broker there and get a "feel" for them and their advice. I left unsure as to the direction I should go. I lack investment savvy on the whole and am doing my homework at a furious rate these days. I guess I wasn't impressed by the experience and had higher expectations. The advice seemed scattered and expensive. I am open to your thoughts........

[Guest]

Re: Crash Proof...How toprofit from the coming economic collapse

I recommend Ty Andros's investment advisers service.

If you read through all these "Fingers of Instability" articles it casts quite a wide focus on current events. I also believe we'll see $150 oil well within the next 24 months, and commodities prices soaring far further than people are ready to believe in the next 3-7 years.

I think inflation (global, not just in the US) is about to really rip loose seriously - if not already, then soon.

Here are Ty Andros articles links, all collected:

Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7
Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13


Ty Andros investment advisers I think have a $50,000 minimum. But you may agree from reading through this set of articles that Mr. Andros has a quite finely nuanced and supple understanding of the mechanisms of inflation. This adviser group will probably have no shortage of ideas of how to position in this market.

Lukester

[Mega]

Re: Crash Proof...How toprofit from the coming economic collapse

60% of the book is an anti-Fed rant (he gets it from his father), than it steeles down again.
Mike

[EJ]

Re: Crash Proof...How toprofit from the coming economic collapse

Hello to everyone. I am new here and found this thread pertinant. I read the Crash proof book and have followed Shiff on his web site (video etc) for a while. I even went to Newport Beach to his offices there to meet a broker there and get a "feel" for them and their advice. I left unsure as to the direction I should go. I lack investment savvy on the whole and am doing my homework at a furious rate these days. I guess I wasn't impressed by the experience and had higher expectations. The advice seemed scattered and expensive. I am open to your thoughts........

I hold Peter in high regard and respect his work. I believe he is well intentioned, as are Mish and others out there. We do have differences in views and approach which correspond to differences in background.

iTulip settled on an entirely different business model than others employ. For example, we do not offer an investment fund. The reasons are twofold. One, we do not want our editorial influenced by a fund. If we offered a bearish short mutual fund then we'd need to sell it, and that means a continuous focus on negative economic and financial events. If we offered a long fund we'd need to become occupationally bullish on the economy and financial markets. Neither position is appropriate for our members at all times. Second, one of the structures we considered, rather than a mutual fund, was a hedge fund structured to allow us to be more flexible, to shift from one asset class to another as conditions changed. We went so far as to secure a commitments of financing to seed such a fund. However, our advisers convinced us that we could get everything right with respect to our structure but still get tripped up on trades as they expect the clearing and settlements systems to become dysfunctional for a period, such as when we most need them most. We may offer such a fund later, but not until the "all clear" on the still developing financial crisis.

iTulip is a community-centric publishing business with a focus on economics and finance. The greatest service we can perform is to give our readers sufficient lead time to prepare for the challenges we foresee. Our readers have had nearly ten years to do so. Ours is typically not the kind of advice readers can wake up one day and do in a week. For the average American, for example, with 18.5 days of liquidity, following this advice takes years.

• Get out of debt
• Build cash
• Lower material wealth expectations

Our mission is to understand and position for major economic and market trend changes. With respect to investing, because we are not selling a fund we do not need to stick doggedly to a specific set of investments and justify them with our editorial content. Still, a major editorial challenge remains: avoiding a positive feedback loop that tends to develop and reinforce false beliefs.

Our approach is to develop a thesis then put it to the test by interviewing a wide range of experts who offer advice from their viewpoint.

For example, Dr. Warburton recommended:

• High in liquid assets and short dated bonds, with a critical appreciation of which currencies you want to be in.
• High saving economies with a breadth of resources endowment within the major countries.
• Some exposure to natural resources ETFs, strongly overweight water and food. Some equity exposure.
• Not much in the way of emerging markets.
• Careful selection of stocks in companies with claims on real assets underlying the business, simple financial structures, without complicated derivatives hedging strategies.
• A rump of gold and oil.

Dr. Hudson is 100% in CDs and short term treasury bills. And so on. It's up to our members to decide which advice suits them, based on an understanding of who the advice is coming from. This is more challenging for our members than simple one size fits all approach offered elsewhere but is, we feel, the only approach that addresses the unique challenges of our era.

At the same time we seek outside expert opinion to avoid self-reinforcing beliefs–internal dogma known in finance as "confirmation bias"–there remains a real need for consistency. This apparent contradiction is answered by our striking a balance between what we have learned over the past ten years, as outlined by our Ka-Poom Theory of disinflation and reflation in the asset inflation cycle, with what we have yet to learn.

Hope that this explanation is helpful.

[Mega]

Re: Crash Proof...How toprofit from the coming economic collapse

EJ
Your book on order!
I let you know when i get it, then we see.

Mike

[Gnosis]

Re: Crash Proof...How toprofit from the coming economic collapse

My thanks to those who took the time to share their thoughts! Your suggestions are helpful.

[grapejelly]

Re: Crash Proof...How toprofit from the coming economic collapse

At the same time we seek outside expert opinion to avoid self-reinforcing beliefs–internal dogma known in finance as "confirmation bias"–there remains a real need for consistency.

I like that comment quite a lot, EJ.

My rules are to listen to people who actively trade/invest on their own account. Even though I don't trade, I listen to others that do as they have their own skin in the game. Investing first, then they advise and publish second.

And I think it is important to be uncomfortable with your investments. Think gold is where it's at? Then own a bunch of cash. Think cash is trash? Then own a bunch of gold. You'll always be a bit uncomfortable but over different asset classes different days of the week.

Thanks for the review, mega, well done.

[Mega]

Re: Crash Proof...How toprofit from the coming economic collapse

The truth of the matter is this, i am trying to join Euro-pac (peters Staff are not very good at ringing you back!) What i wanted to know WAS anybody on here with Euro-pac (few are) and did anyone have dirt on Peter (yes i know his dad is banged up for NOT pay his Tax).

While People like or dislike Peter, he comes across as on the level.

EJ, are you still saying GOLD is still the way to go?
Mike

[Guest]

Re: Crash Proof...How toprofit from the coming economic collapse

Miker -

I offer this observation with friendship and respect - your question "is Gold the right way to go"? is a question you've asked already several times over, and you've had entire forum threads here post detailed answers for you. Your asking a question over again multiple times is "investor anxiety".

We all have it. I get it chronically. But it helps to stop asking the same questions over and over again asking for reassurance, and instead start asking yourself, over and over again, how much tolerance for risk you think you really have.

As you are expressing a lot of anxiety about actually finally proceeding into the investments you've discussed here as far as I can tell, since way back in last May, this is in fact a broad hint that you may be one of the more nervous investors. Guess what? So am I!

If you seem to be needing a lot of reassuring before actually buying anything, then you should probably be very careful that if you place for example 100K into shares, when that portfolio goes down $25,000 you won't decde to sell it all out of sheer nausea. It happens to the best of us.

On a thread that was almost completely dedicated to answering your previous question"is it a good idea to invest in gold" where we all posted extensive answers to you, you finally posted at the end

"yes, but what is the bottom line, is it a good idea or not?"

Were I think it was Grapejelly, replied "YES, GO AHEAD AND DO IT".

Now why is it you are asking the question all over again?

[Spartacus]

Re: Crash Proof...How toprofit from the coming economic collapse

It's not a Canary, it's a Norwegian Blue.

No no he's not dead, he's, he's restin'! Remarkable bird, the Norwegian Blue, idn'it, ay? Beautiful plumage!

Oh Peter just ROCKS...Read this:-

"Despite all this negativity surring the $ the folks mangering the econery stand around like miners around a comatose canary, wondering what's bothering it and concluding maybe its taking a nap!"

Prech on brother Schiff!

Mega

[Spartacus]

Re: Crash Proof...How toprofit from the coming economic collapse

I personally always find this funny.

Espcially the equivalent where stock analysts claim to meet with management to figure out what to do.

the CEOs are mostly good SALESMEN, whether they came through sales or some other channel. The best analysts I 've met are NOT great salesmen.

By meeting with them you 're throwing your numbers out the window and rolling the dice that at those offices you'll meet your nemesis in the form of a salesman who'll take you for all you're worth.

And the notion that most people think they can detect a salesman's lies is up there with the 95% of drivers who think "I drive betther than 50% of the population"

Hello to everyone. I am new here and found this thread pertinant. I read the Crash proof book and have followed Shiff on his web site (video etc) for a while. I even went to Newport Beach to his offices there to meet a broker there and get a "feel" for them and their advice. I left unsure as to the direction I should go. I lack investment savvy on the whole and am doing my homework at a furious rate these days. I guess I wasn't impressed by the experience and had higher expectations. The advice seemed scattered and expensive. I am open to your thoughts........

[Guest]

Re: Crash Proof...How toprofit from the coming economic collapse

The truth of the matter is this, i am trying to join Euro-pac (peters Staff are not very good at ringing you back!) What i wanted to know WAS anybody on here with Euro-pac (few are) and did anyone have dirt on Peter (yes i know his dad is banged up for NOT pay his Tax).

While People like or dislike Peter, he comes across as on the level.

EJ, are you still saying GOLD is still the way to go?
Mike

With the massive publicity Schiff has created from various TV appearances and the success of the book, it's likely that they have a lot more business coming in than they were staffed for. Call it growing pains. Decide if you can live with that or not I guess.