Julian Robertson predicts "Utter global collapse"

[paula777]

This is from a couple of weeks ago - but I just ran accross it. Julian Robertson is a very well respected investor - and what he said in a June 3rd interview just floored me.

http://www.silverbearcafe.com/private/economiccollapse.html

Julian Robertson formerly ran Tiger Management, the world's largest hedge fund.

Martin describes Julian Robertson as "One of the greatest of the old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him `Never Been Wrong' Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bear market."

snip
Robertson said that he's worried about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by that bubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing, and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the global economy in the process, creating an inflationary spiral unheralded in the economic history of the planet.

"Where does it end?" Robertson was asked and he said, "Utter global collapse." Not simply economic collapse; complete disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion.

snip
Julian Robertson blamed everything on what he calls ´the Bush-Cheney regime´. He says "they have now consolidated power and money on the planet to the maximum extent possible. The planet´s net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don´t realize it yet."

Robertson says "the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, in 5 years´ time, food and water riots."

snip
He said "More importantly, and I´m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet."

[tk2kewl]

1. On first read I thought you said...

[CottonBear]

4. Me too!

:)

[undeterred]

8. Me three

and she's home with twins, so I'm sure the world looks like its going to collapse!

[paula777]

10. Now that would just be silly!

:rofl:

[Deja Q]

15. LOL. Ann Coulter's sister with chicklet teeth?

[ConfuZed]

24. Thats not a very nice thing to say about a "woman" n/t

[MsTryska]

44. Come On now...you can't compare Julia with Ann....

especially not after a quote like:


"Republican comes in the dictionary just after reptile and just above repugnant." (i think she said that on the Daily Show)

[FearofFutility]

65. Ditto!

:rofl:

[redqueen]

2. WOW!

Thanks for posting this!

[whistle]

3. Creating a demand for gold to drive gold prices up.......

[CottonBear]

5. That's what I thought when I read the last paragraph in the link.

I'm a bit skeptical.

[GumboYaYa]

30. I'm very skeptical of collapse articles that push people to buy

gold. Those scams have been ging around for years.

[Media_Lies_Daily]

115. Is that really what you think Robertson is doing? Running a scam??

[Lilyhoney]

28. I am almost sad now

that I had those silver fillings drilled out of my head yesterday. I am sure I could have used those in a pinch.

[Kurovski]

101. "silver" fillings amalgams

of many other metals. Including silver and one of the earth's most toxic substances: Mercury.

But I'll share one of my pure gold fillings with you if we need to buy some groceries, or our way out of the Gulag. ;-)

[indepat]

6. And the faithful masses clamor for four more years, four more years

[Media_Lies_Daily]

116. You must be referring to the "masses" that control the voting machines.

[SammyWinstonJack]

7. Not a dimes' worth of difference between bush and Gore.

:banghead: :banghead: :banghead:

[Media_Lies_Daily]

117. Incredible that anyone would post a remark like that.

[KansDem]

9. Yeah, well, gays still can't marry...!!!

...so what's there to worry about? I swear, some people will bitch about the rope they're hung with! :grr:

:sarcasm:

[cthrumatrix]

90. there ya go.... film at 11

[whatever4]

11. And and and

And fight the gun control laws!!!

When they resort to that. What would make sense would be for them to do it early on, when the first upheavals begin, and they can point to them as being examples of our "need" for gun control. Early on, when everyone's head is reeling over now undeniable lost wages, housing, and overall strife. I'm willing to bet, that's the plan. Hit us when we're down, before we have a chance to regroup and figure out what our new daily needs are, and how to go about getting them.

Man, this is so nuts.

And, I shouldn't be trying to talk liberals into owning guns. You know? It's not something I do; I'll discuss it with folks that don't agree, if they want to, but going about trying to persuade anyone? I gave up on that over ten years ago! I'll happily argue it with the argumentative, but to prove a point. I never figure I'm changing anyone's mind, even then.

It bugs me. When I think about it. It's the liberals that will be hurt the most by these horrible changes; many of them don't honestly think people will sink so low. Many are so anti-gun, they won't have them in their house. They'll support handing them over in a heartbeat, and they'll fairly well be snowed by any attempts by this admin to get them. And those are the people I feel for, because not only will they be unable to defend themselves, will have practically advertised their own personal helplessness, but they don't even perceive the danger; they won't even see it coming. It could even be a handy divide-and-conquerer issue, hurting us all the more, while we scramble to live our messed-up, "where will I find water *today*" lives. Those liberals, they're the nicest people, they really don't want to hurt anyone, and they're the most likely to get hurt. Get hurt the most, by the endless violence. Make the riots in California look like a small scrap, in a town near you, coming soon...

By the time they perceive a real danger, it could very well be too late. No available weapons supplies, or laws against them, and then there's the money no one will have. They'll be f'ed. I hate that.

[Boomer]

Reluctant agreement

My partner and I have debated just how far we're willing to go to live in a Mad Max world. We're over 50, no children, have enjoyed a good life. Are we willing to arm ourselves to squeeze a few more years of survival in the maelstrom we see brewing?

There's no right or wrong answer to that question, but looks like it's time to stop debating and make a stand one way or another: arm to defend what we've got or stay unarmed and accept our early exit from the game.

What I find most disheartening is the knowledge that we'd most likely end up shooting our neighbors. We're the ONLY family on this block who are making preparations for the storm: paid off our mortgage, keeping months worth of food in the basement pantry, started a backyard vegetable garden, emergency medical supplies, heirloom seed stores. In sum, everything we can do short of moving onto a farm.

We're not survivalists, too old for that, but we figured we can at least buffer the first jolts.

But that requires keeping what we have. And keeping what we have requires firepower. I have no illusions otherwise.

[hemp_not_war]

59. I'll second that

I would advise liberals to get a gun too. The naivety of the anti-gun left is as blind as the faith on the religous right sometimes. Think about human survival, evolution. When the you know what hits the fan, and it will, do you want all the conservative genes to live on and the liberal ones to get chopped down like bunny rabbits?

[formernaderite]

91. here...here...

well said.

[sendero]

62. You don't have to talk me into it...

... I've been buying guns for about 5 years now. Have one of everything I think I might need. I'm sure I'll think of a couple more before it is over.

And ammo, don't forget the ammo. A few thousand rounds should do.

[emcguffie]

93. My feelings, too, have done a 180 on firearms.

I'm going to learn to use them.

[whatever4]

110. Hey, thanks guys :)

I expected to get slammed over that. Here on a liberal board. And, that would be okay, you know? Because, I really do feel bad. In many ways, I don't give a flip about the law or gun control laws, (because for folks with the weapons, they're not giving them up no matter what they're told, now) and I'm not here to argue the point; I'm worried about people. I can tell a few of you are too. Who wants to be the one to tell anyone "I told you so", when it comes to something as serious and dangerous as that? Oh, not me! It feels like a lose-lose situation; how can anyone promote arms, with the military monsters we have in power right now? Who want to be like them? Who wants to look like them?

I just worry that the same monsters will go after the issue, and use it, as they have used so many others.

So, here's the deal. Those of you vehemently opposed to weapons? Get with others who have them, friends or family, and make a deal that, *IF* you ever decide you need a gun, maybe they can help you get one? Keep one for you maybe, or buy one and let them keep it for you? Or, if all hell breaks out, will let you come there for protection? Just so you know you have a plan, if all hell starts breaking out and the streets aren't even safe. Like during the California riots of, what, 1991? I was many states away, carrying one baby and nursing another at the time, and can't remember how far along I was, but I remember those riots, and the stories many years later of the areas still devestated. It's that type of stuff, but on a much worse and wider scale, that makes me worry.

And that's all I'm going to say. I say *nothing* negative to people who hate guns. I understand why they hate guns. I don't blame them.

Personally, my own radical opinion is that women should be the only ones allowed them. But, that's a whole nother feminist rant with which even most feminists would probably disagree. Be a better world though ;)

[Lilyhoney]

12. I have been wondering why ...

a week or so ago, I was watching cspan and a republican was asking for money to"harden" some vital military infrastructure. Harden means to protect it from an ElectoMagneticPulse. This man had diagrams and spread sheets of the possible devestation that would occur if one were to detonate over the US. Obviously we would need to keep the military in working order for the dictatatorship thing.

So this is the plan... Before foxnews has a chance to tell the people of economic collapse, we have EMP go off over the US which will bring a collapse of its own. So this way the terrorists will be to blame, and no one will ever be able to prove that bushco drove the world into the ground. Ofcourse because all electronics and technology will be useless. It is perfect. Magical. Fairytail like even.

[paula777]

13. What would happen in an "EMP" were to go off over the US?

I don't know what that mean or what would happen.

[Deja Q]

16. Anything with a microchip, including your digital pictures, would be TOAST

Anything magnetic for that matter...

We base our lives on this computer shit...

[Lilyhoney]

17. Everything with a computerchip will nolonger work

Our cars, electricity, public utilities. We would be thrown back a good 100 years technology wise.

[RaleighNCDUer]

40. Not quite that bad.

It would fry anything within its range that was running but electronics that are not activated would survive. But it does mean that all computer servers, and the data they hold, would be gone -- all financial records of all the moneymen go poof.

It would, in effect, send us back to the seventies.

Oh, God! Disco returns!

[kliljedahl]

56. No No Not Disco!!!

Keith’s Barbeque Central

[sendero]

67. I don't think that is actually correct....

.... I don't think a device has to be "on" (powered up if you will) to be damaged by an EMP.

Basically, all "chips" are made of a basic building block, the transistor. (There are also diodes and other elements, but they all share similar construction). A microchip contains thousands to millions of transistors.

These transistors are constructed using thin (and I mean THIN) layers of metallic and silicon compounds. The "junction" between dissimilar layers is where the action is, what makes a transistor work.

An EMP simply "induces" a huge voltage spike into the transistor junction, poking a hole in it and breaking it. Only a small percentage of the transistors in the chip need to be damaged to render it useless. This action is similar to the "voltage spike" or "voltage surge" that so many power strips are sold to prevent. Except rather than a voltage spike coming from your electric line, it is coming from the air.

I don't know how large an area current EMP technology can "kill", but it is definitely not something we want to happen.

[Lilyhoney]

74. Sounds kind of like

A damaged cell. Once the cell wall/lining is damaged the whole cell is bad.

[RaleighNCDUer]

111. You're likely right. It certainly sounds right.

I must admit my knowledge of EMP is rooted in what was known 30 years ago -- when a whole lot less was known.

Welcome to the coming dark ages.

[FreedomAngel82]

113. That's why I always save stuff

I save important things on discs personally. I've had a couple computer crashes so it's always better safe then sorry. So if that happens at least I could have backup stuff saved.

[Lilyhoney]

21. Although,

There are ways to protect stuff. Copper mesh is supposed to protect stuff. Like you could put a laptop in a copper mesh case and it should be good. Old cars that don't have electronics will still work if you can get gas for them.

[paula777]

25. Jesus - that's scary - how long does the effect of EMP last?

Like say you protect your laptop with copper mesh - how long would you have to keep the mesh over it? Not that it would matter because all the websites would be down cuz they aren't protected by copper mesh.

[Lilyhoney]

31. The emp explodes much like a nuke above ground

It happens in a flash. Then it is over. It does no damage to people or our land, air, water. This is the best way to destroy a civilization becuse the people will fight themselves and most likely burry the dead. The infrastructure should remain solid.

[gordianot]

50. Also it does not have to be a Nuclear weapon.

There are conventional explosives that can cause an EMP effect as described a couple years ago in Popular Mechanics. There is currently research going on regarding a Gamma radiation bomb that is technically not a fission or fusion (hydrogen) bomb. (Whole new class of Nuclear Weapon. The Gamma radiation does kill you and the EMP effects are real. Yes and the buildings remain intact.


Also for a new type of Fusion device look up "red mercury", see link: http://chemistry.about.com/cs/chemicalweapons/f/blredmercury.htm

[Kraklen]

42. An EMP going off over the U.S.?

It would be pretty bad. But I'd be more worried about the radioactive fallout, the nuclear winter, and of course the numerous thermonuclear blasts themselves.

[Lilyhoney]

48. An emp occurs in a nuclear blast but

in just an emp, there is no nuclear material.

[Kraklen]

51. And how do you propose...

generating an EMP powerful enough to knock out electronics all over the U.S. without numerous thermonuclear explosions?

Tesla coils and chemtrails?

[Lilyhoney]

55. Why could'nt just one do it?

The right kindly gentleman senator republican gave the illustration of just one strong one launched off a boat on the eastern seaboard could take out the whole country. He gave multiple examples of different hights and magnitudes of detonations. I believe he was asking for about $200 million dollars for this hardening of devices as we install this new network upgrade now because it would be cheaper to do so that to retrofit them later. I am not sure if he got his money or not.

[Kraklen]

58. right kindly gentlemen senators...

also gave an illustration of how Saddam Hussein could launch his intercontinental ballistic missles filled with chemical weapons and hit the Eastern seaboard within 30 minutes.

Please take anything right kindly gentlemen senators say with grains of salt, especially if they're asking for $200 million.

[Lilyhoney]

60. I am new, maby you don't get my sense of humor

I am totally making fun of this. My whole point about the EMP was that this would be bushes perfect way out of being held liable for his evil doings. Get it? I realize some people were curious of EMPs. I don't have alot of answers. Just a great imagination and I love conspiracy!

[gordianot]

63. See nuclear effects calculator

link: http://www.fas.org/main/pu_content_printable.jsp?formAction=156&contentId=367

[Kraklen]

64. I've seen that before.

Neat site. Not really relevant but it's neat.

[gordianot]

80. I think I linked the wrong one. Can't find it here.

There is a calculator that does figure EMP effects. It does not take much and is dependent on altitude of the blast and the yield. If I recall fission bombs work best. Scientific American had several articles on this, but I have seen it on the internet.

Howard Hunt actually proposed using a electronic device to fry the Watergate Tapes in the WH from outside on Pennsylvania Avenue.

[Media_Lies_Daily]

119. You wouldn't need but one or two EMP blasts to completely shut....

...down the country.

Nuclear weapons built to generate EMPs do not generate much in the way of radioactivity, and they are designed to be exploded several miles above ground level for maximum EMP effect.

Additionally, nuclear winter would be brought on by those nuclear weapons that explode close to, on, or under the surface of the earth, throwing up vast amounts of radioactive dust.

[Lilith Velkor]

104. Something like the 2003 blackout

First thing I thought of when it happenned. *shudder*

[RaleighNCDUer]

37. Wasn't that the premise of the TV show 'Dark Angel' with Jessica

Alba. An EMP of 'unknown origin' precipitates the collapse of civil society and overnight the US is transformed into a 3rd world nation, 60% unemployment, martial law, etc.

Of course, Condi will say that no one could have predicted it.

[Lilyhoney]

39. I think I saw the first episode of that

Yes I believe that was the premise.

A great book I listened to on tape about 10 years called "Into The Forest" was about the same thing centered around this family that lived in the california hills.

[Deja Q]

14. I can predict the same thing. And my background is zilch-o.

We're all already dead anyway; it's a matter of how, where, when, why, and possibly by whom.

[Lilyhoney]

18. Don't be so glum chum

We get to witness the end of the world.

[im10ashus]

20. Not the end of the world

It will be the end of modern civilization. Much like the fall of the Roman Empire. I don't particularly want to watch.

[Lilyhoney]

23. You don't want to watch?

You won't be watching, you will be killing your neighbor for water or she will kill you.

[Oreo]

61. At least...

we'd be able to say some serious I TOLD YOU SO's to the repubs ;)

[paula777]

76. LOL

[FreedomAngel82]

114. That's one thing

that I DON'T want to say "I told you so" to.

[Lilith Velkor]

105. All right!!!

:popcorn:

[im10ashus]

19. Great article!

Thanks for the post.

:kick:

[Yavin4]

22. You Know, I've Said The Same Damn Things Here on DU and other Forums

but do they call me a guru? Do they call me a genius? NOOOOOOOOOOOOOOOOOOOOOOOOOO!!

It doesn't really take a Wall Street legend to figure things out. This countrys's entire economy is dependent on cheap debt and cheap gas. The two things that will definitely get more expensive in the years to come, and without one strong private economic sector to lift wages, we're headed for a collapse. There is no IT sector around to replace the mfg. sector like there was in the 80s.

The culprit for all of this is international corporate greed. Politicians and governments in America and around the world have allowed international corporations to run the global economy unregulated. Unregulated globalization has created a drain on employment in the first world and a drain on energy throughout the world.

[gordianot]

86. You are smarter than 98 % of the population. Near Genius

Take it from me that is my profession.:hi:

[roguevalley]

94. I read down to this point before I reached a post that was relevent

to the topic above. :) I cannot believe we let these people do this to the WHOLE FUCKING WORLD!

[nadinbrzezinski]

26. how many of us have been saying this?

Oh never mind....

I don't have the credentials I know

[Eloriel]

27. Welllllll.......

I haven't read any of the articles, but a quick google search turns up quite a few links on the guy. Here's just one:

USNews.com: Update on former wizard of Wall Street Julian ...
Julian Robertson. Four years ago, it was Internet stocks. ... Julian Robertson, the legendary hedge-fund manager whose steadfast refusal to be a part of the ...
www.usnews.com/usnews/biztech/ articles/041108/8eewhere.htm - 38k - Jun 19, 2005 -


I will say this, SOMEthing monumental is going to go on in 5 years. Here's an astrological chart for Aug. 13, 2010. Yeah, I know, a lot of you don't believe in astrology. 'sokay, astrology doesn't depend on your belief to be perfectly valid. :evilgrin:

For those of you who are curious, think back to all the bad things that happened TO you during your life. In all probability, there were one or maybe more "squares" and/or "oppositions" between a transiting planet to your natal horoscope at the time. This chart is virtually ALL squares and oppositions. All those red lines represent highly conflictual, tense, problematic, difficult, unpleasant squares and oppositions. I've never seen a chart anything like this in my life.


Aug. 13, 2010
http://www.gaiamind.org/aug13-2010.html


And oh, the other thing I wanted to mention is that someone here at DU speculated (or perhaps it was more than speculation?) that Bush's Social Security scheme is NEEDED to flood the markets with money
and keep things afloat and keep things looking like the economy is in good shape. I think there's probably something to that, personally.

[paula777]

43. Well according to the Mayan calander, the cycle ends in 2012

So it would hit the fan in 2010 and then clean itself up by 2012 for the new cycle to begin (unless 2012 is the end, depending on which, if any, theory about the Mayan calander you believe.

[patcox2]

29. And Al Martin is a nutjob with no credibility.

Julian Roberts used to run a hedge fund, he closed it down in 2000 after losing $14 billion from 1998 to 2000, the very height of the boom in stocks, when it was impossible to lose money.

If he actually said these things on msnbc, which is doubtful (if Al Martin said he did, thats the evidence I need to believe he didn't) the reason noone noticed is because he is a has-been failure old crank. He is not some revered prognosticator, thats for sure.

[paula777]

32. After the dot com crash I remember he was everyones hero

because he had refused to invest in them because he said he couldn't follow where thier revenue was going to come from. That wasn't THAT long ago that people were praising him.

[0rganism]

49. Of course hedge funds lose money during market booms

Since investing in a hedge fund is equivalent to placing a bet that a stock or group of stocks will perform poorly, the more stocks perform well the less money a hedge fund will earn. The bigger the boom, the worse things go for hedge funds in bull market sectors. Hedge funds would be one of the few things that would actually lose money during "the very height of the boom in stocks".

That doesn't mean Julian Robertson is a smart investor, but you can't really blame him for losing money managing the kind of fund that is designed to perform best during market crashes.

[Extend a Hand]

52. I saw him on msnbc.

he did say it.

[Boomer]

33. Bushco sees the writing on the wall

Anyone who reads even the muzzled corporate media has enough information to know that the world is facing a whole lot of hurt in the not-too-distant future. So it makes sense that the Bushies have taken a long view and that their efforts are focused on being the last ones standing, rather than on the common good.

[jokerman93]

34. Why do people assume?

Why do most people assume that the end result will be mass chaos, violence and death as one person turns against another to keep themselves alive and fed by killing and stealing?

This assumes the "Republican" theory of social Darwinism is the default state of human society. I say that's bullshit. Sure, there will be lots of people who react that way, but the ones who form coalitions, tribes, civic organizations and cooperatives have a much better chance of survival in hard times than some lone wing-nut libertarian asshole with an assault rifle and a garage full of ammo.

Eventually the fools will run out of ammunition, while those who achieve the higher evolutionary spiral of cooperation and mutual benefit will survive to eventually thrive.

(Just a theory...)

[Pacifist Patriot]

36. *sigh* I sure hope your theory is correct.

The coming energy crisis has me very worried. We've already seen the neocon willingness to blithely take human life to control the commodity.

[Lilyhoney]

45. I'm with you, but,

Some people are not evolved enough to make the transition with the rest of us. So they do what they know.

[Raksha]

53. I agree with you.

Re >>This assumes the "Republican" theory of social Darwinism is the default state of human society. I say that's bullshit. Sure, there will be lots of people who react that way, but the ones who form coalitions, tribes, civic organizations and cooperatives have a much better chance of survival in hard times than some lone wing-nut libertarian asshole with an assault rifle and a garage full of ammo.<<

People tend to overlook the fact that cooperation is AT LEAST as strong a factor in group (and individual) survival than competition, maybe even more so.

[Extend a Hand]

57. yes!

I do think that there will be a life-changing energy crisis in my life time and my husband and I are trying to make lifestyle changes now to vastly reduce our energy consumption.

If it turns out that the pollyannas are right and no crisis develops...so what? We'll get to retire a little early because our living expenses have been reduced. I just can't see any downside to preparing.

It seems to me that lifestyle changes make a whole lot more sense than adopting a hoarding mentality. Getting in a position to be able to help other people make changes after the fact makes a whole lot more sense than adopting a hoarding mentality.

[Kraklen]

70. Because we're three hot meals away from the stone ages.

The big massive blackouts like the one in New York a year or two ago were fine, trucks and cars were moving and the power was back on in a few hours.

When large numbers of people run out of food, things get ugly fast.

[Lilyhoney]

75. Not just food and water

Drug addicts don't care about food and water all they want are drugs. We would see such insanity just from addicts of ALL kinds looking for something, anything and doing ANYTHING to get it. Do you know how many drug addicts, alcoholics, smokers and people who need medication there are in the united states?

[Kraklen]

77. A fairly insignificant number...

in comparison with the food and water addicts.

[Lilyhoney]

83. Funny

But I am serious. You don't want to be around me if I run out of my umm medication. Rite now my non-generic prescription is the same price as gold. $400 an ounce. If it rises with and like the price of gold, then no more medicine for me. And that might make me want to hurt my neighbors. And my medication is not addictive. Think about the substances that are. It would be graet if a whole bunch of people could get clean. It would help our society. But many of the addicts would rather kill themselves than not have drugs.

[sendero]

72. Look around my friend...

... what percentage of people in this country will go your way, and what percentage will go the other?

I'd say about 50/50, like everything else.

Personally, while I believe we are headed for hard times, I'm not so sure it will be Road Warriors 2005. I think it will be a lot more like the Great Depression myself.

In any event, I don't believe in the kumbaya approach, we don't have it now, we've never had it and I don't know why you'd think we ever will.

[Lilyhoney]

78. You are very realistic

N/T

[donkeyotay]

84. Well, your theory is pretty boring

but it may be right. :evilgrin:

Think about when earthquakes and other disasters strike, and people always talk about how people pulled together and were much better than anyone expected...

As to the idea from others that liberals will need guns... for this liberal, it's a hopeless situation. My redneck neighbor not only owns guns, he knows how to use them! If it comes down to a Lord of the Flies sitiation, I am toast. Maybe I can buy him off with some granola.

[Lilith Velkor]

106. They won't run out of ammo

Thing about individuals is, they gotta sleep sometime. Think about it.

[bloom]

35. I've been reading J. Diamond's book "Collapse"

It's pretty interesting to read about various cultures and their collapses - esp. in light of what is going on in the world today - environmentally, climate change wise, politically, etc.

[Lorien]

120. Jared Diamond is brilliant

I haven't read that one yet, but his other works are quite sobering.

[RBHam]

38. I guess I'm as crazy as this guy!

I've always said that if the Domininoists /Christian Reconstructionists (more properly, "Deconstructionists") got their hands on political power in America, a new Dark Age coulld be ushered in.

You can't "reconstruct" something unless you destroy it first.

Mixing the Apocalyptic teachings of the Rapture with a group of brain-washed fervent followers in control of the most powerful, most technologically advanced, most lethally armed Miltary of all time; well, it's a recipe for disaster.

[cynatnite]

41. Here's what wikipedia has to say about Julian Robertson

The Daniel A. Strachman book Julian Robertson : A Tiger in the Land of Bulls and Bears talks about a copper trade he started planning in the second half of 1994. The price reached a high of $1.25 per pound in July of 1995. Then word came out that the Sumitomo Corporation was under investigation for fraudalent efforts to drive the price higher. The price started to fall and reached a final low in 1999 and 2001 of about $0.50. Robertson made money shorting the copper futures.

http://en.wikipedia.org/wiki/Julian_Robertson

[lectrobyte]

46. I'd be more worried if I hadn't been reading things like this for the

last 40 or 50 years.

[radwriter0555]

47. I'm no rocket scientist or hedge fund manager. I'm just a chick who's

managed to make some okay money on real estate and investment speculation....

But I agree with what he says and many of you know that last year I started planning my 'flight' from the US for precisely these reasons.

So when a smart fella like him says what I've been saying, I gotta believe I'm not a total idiot.

[gordianot]

54. Will it really be better anywhere else?

I would rather deal with the criminals I know than those I don't know.

[radwriter0555]

73. Oh yes, much better, especially in places that are community oriented

and not reliant on giant corporations for their survival.

[gordianot]

85. Good description of the family farm we have preserved.

Has marketable assets.

[bunny planet]

89. and where might some of those places be?

I'd like to get my kids to a safe place. Question is , is there a safe place to go to once the proverbial shit hits the fan.

[radwriter0555]

108. I'm moving to a small town in the south of france. If you're on a budget I

suggest the Yucatan region of Mexico. Lovely region, fantastic weather, great people, wonderful job and self-employment opportunities. It's all bi-lingual, and the cost of living is still very low.

We're moving to a small medieval town near Cannes that is very self-sustaining...

[FreedomAngel82]

118. And a thing to remember

is how sometimes the most "crazy" really aren't so crazy....

[Mr.Green93]

66. Gold bugs

been saying this dreck for years.

[cthrumatrix]

68. it has been acting WELL lately

[Lilyhoney]

69. Paula777

Thank you for your interest in emps. Thank you for your post about our world wide economic collapse. I am sure it will happen. But I don't know what will happen after that. Hopefully we will ban together and make it work, maybe even make it work better. I will be looking for the DUers.

Somebody mentioned recently having a contest to make a DU flag. I will be looking to post my rendition soon.

[paula777]

81. Sure - I had never heard of EMPs before your post

Now I have one more thing to worry about - just kidding. I hope the mad max scenario isn't what will result if this economic collapse happens - but if this EMP thing does happen, you are right, it will give BushCo one giagantic excuse for what he has done to us - he'll walk away saying it had nothing to do with his policies.

[Rex]

71. We use to trade in beaver pelts.

No reason to think we can't be humbled back into bartering for essentials. Modern grocery stores have changed the lives of all Americans. When America's infrastructure collapses there will be no more grocery stores. Gas will be prohibited and rationed, plus foreign investors will demand we repay debts since the dollar will become worthless. Survival of the fittest.

[Warren DeMontague]

79. This is why I'm putting all my money into Zinc

and commemorative plates.

Seriously.

[gordianot]

82. Zinc? What's the market like for that?

My son is buying .22 cartridges (which you cannot reload) and gold.

[cthrumatrix]

87. i think perhaps a vitamin deficiency

[gordianot]

88. Maybe batteries?

[ArchTeryx]

92. Sincerely hope this isn't the case.

I'm one of those 'defectives' with a chronic medical condition. Worse, my talents lie in my brains, not my brawn. (Virologist by trade). And I have very few financial or material resources. It isn't as bad as some but I would have no chance of survival in a straight Social Darwinist society.

A weapon? Hah. I'd blow my brains out before it got so far as man against man, because I'd rather go on my terms then someone else's.

But I've heard apocalypsians chant about the end of the world for all 33 years of my life, and it hasn't happened yet. Just hope it keeps not happening! :)

[lonestarnot]

95. Yepity yep ... he's the beast alright! Bushitler that is...

[LibertyLou]

96. THIS STORY HAS BEEN DEBUNKED!!!!!!!

This story has been debunked. It is, at a minimum, a gross distortion of Mr. Robertson's remarks...

Go to this page:

http://randomroger.blogspot.com/2005/05/julian-robertson.html

On that page, you will find links to two videos of the entire interview of that day on CNBC with Julian Robertson...you can view them yourself and see just how greatly Al Martin/Conspiracy Planet propagated this myth...

I have done additional research and can find no earlier examples of this story that do not originate from Al Martin RAW/Conspiracy Planet...in other words...all links to this story go back to them...

[AmBlue]

97. Hi Liberty Lou

Welcome to DU :hi: and thank you for that post. Geesh, I'm glad I checked back and saw your post because what I read above put me in a serious funk. I feel better now.

[LibertyLou]

99. Glad to Be Here - Liberty Quotes...

Thanks, glad to be here...

It's easy to be fatalistic about the present situation (the lies, the war, more lies, a complicit media, creeping fascism, over-extension/decline of the Empire, etc.) but we must move forward fearlessly...

Something to the effect of:


Facts are stubborn things; and whatever may be our wishes, our inclination, or the dictates of our passions, they cannot alter the state of facts and evidence.
-John Adams, in Defense of the British Soldiers on trial for the Boston Massacre, 1770

But a Constitution of Government once changed from Freedom, can never be restored. Liberty once lost is lost forever.
-John Adams, letter to Abigail Adams, 1775

The public cannot be too curious concerning the characters of public men.
-Samuel Adams, letter to James Warren, 1775


We must all hang together, or assuredly we shall all hang separately.
-Benjamin Franklin, (attributed) at the signing of the Declaration of Independence, July 4, 1776

They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety.
-Benjamin Franklin, Historical Review of Pennsylvania, 1759

Where liberty dwells, there is my country.
-Benjamin Franklin, letter to Benjamin Vaughn, March 14, 1783

In politics, as in religion, it is equally absurd to aim at making proselytes by fire and sword. Heresies in either can rarely be cured by persecution.
-Alexander Hamilton, Federalist No. 1, October 27, 1787

The fabric of American empire ought to rest on the solid basis of THE CONSENT OF THE PEOPLE. The streams of national power ought to flow from that pure, original fountain of all legitimate authority.
-Alexander Hamilton, Federalist No. 22, December 14, 1787

Wherever the real power in a Government lies, there is the danger of oppression.
-James Madison, letter to Thomas Jefferson, October 17, 178

It is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth -- and listen to the song of that syren, till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be of the number of those, who having eyes, see not, and having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it might cost, I am willing to know the whole truth; to know the worst, and to provide for it.
-Patrick Henry, speech in the Virginia Convention, 1775

Our country is in danger, but not to be despaired of. Our enemies are numerous and powerful; but we have many friends, determining to be free, and heaven and earth will aid the resolution. On you depend the fortunes of America. You are to decide the important question, on which rest the happiness and liberty of millions yet unborn. Act worthy of yourselves.
-Joseph Warren, Boston Massacre Oration, 1775

We have it in our power to begin the world over again.
-Thomas Paine, Common Sense, 1776

Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.
-Thomas Paine, The American Crisis, No. 1, December 19, 1776

[LibertyLou]

98. There is a parallel thread on this trumped story at peakoil.com

here:

http://www.peakoil.com/fortopic8524-0-asc-15.html

[OhNoTheyDidNot]

100. I dont' think your link debunks Mr. Robertsons remarks

Unless your link is taking me to a different site that you meant

[LibertyLou]

102. Did You Actually Watch Both Video Clips?

And then compare the purported quotes attributed...?

[LibertyLou]

103. Here...I'll make it obvious...

copy and paste entire URL into your browser URL field...

Video Clip One

http://online.wsj.com/public/page
/0,,8_0000-0HqgJCd0195XHkjJNRkRjXS0CQgfOb4u-6QukSjWc_L_Nde2BmWQHWL|gHH10Eqlc,00.html?mod=ARTICLE_VIDEO

Video Clip Two


http://online.wsj.com/public/page/0,,8_0000-
w5I7hOX7DWKfJAmLbmDgaEP6D_QMveeR-
QPsZS4JeL|3Mz9yMeIghu9Abeo4jF3m1,00.html?mod=ARTICLE_VIDEO

Now compare that to the "story":


AL MARTIN of almartinraw.com has written an article about an interview on CNBC with the renowned funds manager Julian Robertson.

Julian Robertson formerly ran Tiger Management, the world's largest hedge fund.

Martin describes Julian Robertson as "One of the greatest of the old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him `Never Been Wrong' Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bear market."

Martin says "Of course, he's a very old man now. But his reputation on the Street is like nothing you could imagine. When the segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone. That's how powerful this man's reputation is."

Robertson said that he's worried about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by that bubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing, and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the global economy in the process, creating an inflationary spiral unheralded in the economic history of the planet.

"Where does it end?" Robertson was asked and he said, "Utter global collapse." Not simply economic collapse; complete disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion.

In 10 years time, he said, whoever is still alive on the planet will be effectively starting again."

Bill Murphy of Letropolecafe.com says "As for Robertson’s comments as they relate to the gold price, we will most likely see the gold price somewhere between $3,000 and $5,000 US an ounce. Wait until the facts surface about how the central banks squandered 2/3 of all their bank reserves to foster a price manipulation scheme. There will be a frenzy to own the stuff like never seen before."

Julian Robertson blamed everything on what he calls ´the Bush-Cheney regime´.


He says "they have now consolidated power and money on the planet to the maximum extent possible. The planet´s net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don´t realize it yet."

Robertson says "the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, in 5 years´ time, food and water riots."

He said "the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin."

Julian Robertson went on to say "Food production will fall. Any further effort to control environmental destruction will be abandoned. Inflation will run into the double and eventually triple digits. People will be carrying around U.S. dollars in wheelbarrows like Germany."

Robertson said there would be "total collapse of public infrastructure. Total collapse of medical care systems. All public pension plans, Social Security will collapse. All corporate pension plans will collapse."

Robertson backed up his comments with statistics in one statement he said "But, 14% of all real estate transactions now being interest-only mortgages, and another 14% of people now, that, when they bought their homes, originated more than 100% of the purchase price in the mortgage and then borrowed further."

He said "The American consumer is effectively now supporting the rest of the planet, consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this exists in virtually every nation state on the planet now."

He said "More importantly, and I´m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet."

When Ron Insana the interviewer said "you have sold all of your real estate and you are moving into one of the new super-secure compounds for wealthy Republicans for when the ´barbarians will be at the gate.´

Robertson replied, "Ron, those barbarians will be potentially a third of the American population."

Robertson ended his comments by saying that "he hopes that he is not alive to see this. The lucky ones are the ones who are my age now."

I would add to Julian Robertson comments, the lucky ones will be the ones who buy gold and silver coins now, at less than $500 an ounce before the price of gold sky rockets to $3000 then $5000 an ounce and the price of silver goes over $100 an ounce in the years ahead as Julian Robertson's predictions, made in his interview on CNBC, unfold.

Friday, June 03, 2005


---Now do you see it?----

[CabalPowered]

109. Jeebus! He didn't say anything of the like!

The original authors have totally fabricated that entire piece. What BS...

thanks for the links..

[funflower]

107. Welcome to DU, LibertyLou!

:hi:

[FreedomAngel82]

112. This is very scary

I heard last night on Bernie Ward's show on his news hour a report about the housing bubble and that it will probably pop. What would that mean for people who own their homes? My dad bought our house a couple of years ago.