Peter Schiff, Ron Ianieri and youtubers like VisionVictory, SupaFaith and ManofTruth on it (to name a few, there many other greats).
These guys have called this beautiful collapse a long time ago, and were right on the ball. Does it seem right that we let Larry Kudlow and all of these lying CNBC people saying a bottom is coming every freakin’ show. The bottom was 12,000. No wait it was 11,000. No wait it was 10,000. No wait it was 9,000. No wait it was 8,000. No wait it was 7,500.
VisionVictory has called 1,500 DOW and there is much evidence to support it.
SupaFaith had the following stat on his last video for stores closing in the consumer goods section:
Circuit City – Filed Chapter 11
Ann Taylor – 117 stores nationwide closing
Lane Brayant – Closing 150 stores nationwide
Fashion Bug – Closing 150 stores nationwide
Cathenies – Closing 150 stores nationwide
Eddie Bauer – To close 27 stores and more after January
Cache – Will close all store
Talbots – Closing specialty stores
J.Jill ( owned by Talbots ) – Closing all stores
Pacific Sunwear ( owned by Talbots ) – Closing all stores
Gap – Closing 85 stores
Foot locker – Closing 140 stores, more after January
Wicks Furniture – Closing all stores
Levits – Closing remaining stores
Bombay – Closing remaining stores
Zales – Closing 82 stores and 105 more after January
Whitehall Jewlers – Closing all stores
Piercing Pagoda – Closing all stores
Disney Store – Closing 98 stores
Home Depot – Closing 15 stores
Macys – Closing 9 stores January
Linens and Things – Closing all stores
Movie Gallery – Closing all stores
Pep Boys – Closing 33 stores
Sprint/Nextel – Closing 133 stores
JC Pennys – Closing many stores after January
Ethan Allen – Closing 12 stores
Wilson Leather – Closing all stores
Sharper Image – Closing all stores
KB Toys – Closing 356 stores
Lowes – Closing some stores
Dillards – Closing some stores
How can we create a bottom with this news? I mean seriously, does it not seem realistic that the dow must go below 3,000 at least?
So, if these fine people would come on CNBC and tell us the truth about this economy, then would it not be better to let the recession happen, instead of lying to people and having all of these people lose their money. Is it fair that so many people get to lose 30-90% of their 401K because they were taught to believe the media. The mainstream media is lying, and it doesn’t have to be this way. Why do we not see Zeitgeist Addendum or Money As Debt on CNBC or CBS? I know the answer to this, as you probably do also, but would it not make for a better world if we could allow these people on the air to help us with the truth on the economy?
Thank you so much, and I welcome all comments and suggestions
God Bless and have a good idea.
VISIONVICTORY
http://www.youtube.com/user/visionvictory
MANOFTRUTH
http://www.youtube.com/user/manoftruth
SUPAFAITH
http://www.youtube.com/user/supafaith
PETER SCHIFF
http://www.youtube.com/user/PhilDeCarolis