Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(MRC TV)   Bill Gates says another major financial crisis is coming. Book it, done   ( mrctv.org) divider line
    More: Scary, Gates, financial crisis, Jeff Bezos, CEO Jeff Bezos, co-founder Bill Gates, Internal Revenue Code, Media Research Center, education organization operating  
•       •       •

1485 clicks; posted to Business » on 08 Mar 2018 at 10:35 AM (28 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



38 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-03-08 08:52:56 AM  
It doesn't take an economist, a billionaire or anything other than a view to look at the country realistically to know that the economy is ramping up to implode if the current economic policies continue.
 
2018-03-08 08:59:03 AM  
Do I need to buy gold now?
 
2018-03-08 09:21:12 AM  
I was assured I'd never need more than $640K in my savings account.
 
2018-03-08 09:42:12 AM  

plecos: Do I need to buy gold now?


No  , just get a reverse mortgage.
 
2018-03-08 09:53:47 AM  
Is there anyone who didn't think this would happen under Trump, given that he's farking everything else like a porn star with massive debts?
 
2018-03-08 10:14:17 AM  
Trump's base won't care. Economic crises don't really affect the rich, and his poor supporters live in a fantasy land where things have never been better (except during those random moments when they remember to blame Obama for something).
 
2018-03-08 10:14:40 AM  
I don't think Trump did much of any real work in college. I'm curious why he left Fordham (could he not get into Penn for his first two years? Was he thrown out of Fordham?).

He really shows no clear understanding of even rudimentary economics.
 
2018-03-08 10:15:52 AM  

BizarreMan: It doesn't take an economist, a billionaire or anything other than a view to look at the country realistically to know that the economy is ramping up to implode if the current economic policies continue.


If Mr. Trump is smart, I think he organizes a huge project, gets some of the best and brightest economic minds in the country together, and comes up with a plan for how to blame this on Obama.

Maybe even get Hillary in there somewhere.  That'll really rankle the libs.
 
2018-03-08 10:38:10 AM  
Aren't we all expecting that to happen? There is a crazy man, who makes decisions on the fly, and who doesn't listen to advisers, in the White House.  I'm not sure how we've not completely crashed in the past year, honestly.  But with all this tariff talk, with staff disappearing left and right (and not exactly a line around the door full of qualified candidates because nobody wants to taint or tank their careers and/or end up being the subject of an FBI investigation.)

I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.
 
2018-03-08 10:42:24 AM  

serpent_sky: I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.


Don't worry, if The Simpsons taught me anything, it's that we'll be getting a smart, capable woman president that will take on President Trump's budget crunch.

I'm looking forward to President Cash Me Outside Girl.
 
2018-03-08 10:44:57 AM  

Mike_LowELL: serpent_sky: I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.

Don't worry, if The Simpsons taught me anything, it's that we'll be getting a smart, capable woman president that will take on President Trump's budget crunch.

I'm looking forward to President Cash Me Outside Girl.


But... the refund adjustments! Trump already took care of that.
 
2018-03-08 10:48:13 AM  
MRC is reporting this?  That makes me question the existence of Bill Gates, finances, and crises.
 
2018-03-08 10:50:09 AM  

Mike_LowELL: serpent_sky: I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.

Don't worry, if The Simpsons taught me anything, it's that we'll be getting a smart, capable woman president that will take on President Trump's budget crunch.

I'm looking forward to President Cash Me Outside Girl.


I'm hoping to be the Secretary of Keeping it Real.
img.fark.netView Full Size
 
2018-03-08 10:50:31 AM  

Mike_LowELL: serpent_sky: I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.

Don't worry, if The Simpsons taught me anything, it's that we'll be getting a smart, capable woman president that will take on President Trump's budget crunch.

I'm looking forward to President Cash Me Outside Girl.


Dude, stop posting while I'm on a conference call.
 
2018-03-08 11:07:30 AM  
Tell me when he predicts the year of this crash, and I'll listen. He didn't even predict the exact century.
 
2018-03-08 11:17:36 AM  
Uhmm, duh?
Every few years we have a financial crisis.
 
2018-03-08 11:20:51 AM  

fatbear: Tell me when he predicts the year of this crash, and I'll listen. He didn't even predict the exact century.


I'm as good at prognostication as Bill Gates. Watch:

It's going to rain. I can't tell you exactly when but it's going to happen. And it might be a really heavy rain. There may be flooding even. But we've survived rainstorms before and we'll survive this one.

Where's my check?
 
2018-03-08 11:39:30 AM  
Deregulating rapacious capitalists allows them to engage all of us in their risky behavior.

Until Glass Steagall makes a comeback, the system will be rigged to crash and take us all down with it.
 
2018-03-08 11:43:08 AM  

Marcus Aurelius: Deregulating rapacious capitalists allows them to engage all of us in their risky behavior.

Until Glass Steagall makes a comeback, the system will be rigged to crash and take us all down with it.


The system wasn't rigged before Glass steagall.

You heard that right here folks!
 
2018-03-08 11:55:34 AM  

foo monkey: Mike_LowELL: serpent_sky: I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.

Don't worry, if The Simpsons taught me anything, it's that we'll be getting a smart, capable woman president that will take on President Trump's budget crunch.

I'm looking forward to President Cash Me Outside Girl.

Dude, stop posting while I'm on a conference call.


Nobody is forcing you to hit refresh.
 
2018-03-08 12:00:21 PM  
MRCTV? Oh, Fox's drunk uncle.
 
2018-03-08 12:08:20 PM  

foo monkey: I was assured I'd never need more than $640K in my savings account.


Act now and receive a double bonus on your purchase of 64 loaves of bread. That's right. Act now and run to your local bakery to line up. For mere 640k you will receive not 64 but 128 loaves.*

Putin is simply replaying the Soviet fall hits back in the 'take the west' tour. I don't miss lining up overnight to be eligible to maybe purchase one or two loaves for mere 10k each. I wonder how those lineups will work with concealed assault weapon carry.

*offer not valid when bread is unavailable
 
2018-03-08 12:08:27 PM  
Marcus Aurelius

And all the other regulations and laws that are being revoked. Greedy people will toe the line and get theirs while everyone else is left holding the bag. Democrats plug the holes and Republicans tear them out.

Because Republicans are the party of Caveat Emptor and Get Rich While You Can. They phrase it like free market and personal responsibility, but it is more like eat or get eaten.

The problem is Trump is tearing it down too fast. Without change, 2 years from now everything is unsustainable and massive cuts to everything. Slower spending and tightening belts and losses reported and layoffs and we are back to 2010 in no time.

We didn't have to be in this situation.
 
2018-03-08 12:17:18 PM  
No obvious tag?
 
2018-03-08 12:19:42 PM  

Psychopusher: Is there anyone who didn't think this would happen under Trump, given that he's farking everything else like a porn star with massive debts?


I think the powers that be made out pretty damn good last time. This is just wash, rinse, repeat and keep that wealth gap trend line going toward asymptotic. Fark the commoners.
 
2018-03-08 01:09:06 PM  
Second from the top
i.imgur.comView Full Size
 
2018-03-08 01:23:12 PM  

serpent_sky: Aren't we all expecting that to happen? There is a crazy man, who makes decisions on the fly, and who doesn't listen to advisers, in the White House.  I'm not sure how we've not completely crashed in the past year, honestly.  But with all this tariff talk, with staff disappearing left and right (and not exactly a line around the door full of qualified candidates because nobody wants to taint or tank their careers and/or end up being the subject of an FBI investigation.)

I don't know how anyone is going to fix this, and I genuinely feel bad for whoever ends up being the next president, because they are going to have a crap ton to fit, including the economy and relations with pretty much every country in the world.


I remember when the GOP said Obama was going on an apology tour and we didn't need to be sorry for anything. But I can honestly see the next president getting a lot of shiat for what is going on now. I hope Trump is an anomaly and we never get someone like him in that position again but who knows.
 
2018-03-08 01:55:08 PM  

groppet: I remember when the GOP said Obama was going on an apology tour and we didn't need to be sorry for anything. But I can honestly see the next president getting a lot of shiat for what is going on now. I hope Trump is an anomaly and we never get someone like him in that position again but who knows.


Whoever the next two presidents are will have to spend the majority of their term just going around and rebuilding bridges to our allies.
 
2018-03-08 02:16:09 PM  

fatbear: Tell me when he predicts the year of this crash, and I'll listen. He didn't even predict the exact century.


Can't let facts get in the way of the leftie narrative.

"Will the stock market go down eventually"
"Yes"
"Something something therefore liberals hate Trump"
 
2018-03-08 02:19:28 PM  
I would say I agree with him.  My appraisal work load has gotten really low. Like 2006 low.

I usually have a mix of Purchased, Refi's and foreclosures.

Lately, it's been all purchases and foreclosures and those are starting to drop.

I've only done one refinance appraisal in the past 3 weeks.  My clients include HUD, Bank of Oklahoma, Wells fargo, Bank of America and many many more.

I cover 13 counties in the NE part of my state.   Watch out.

Did an appraisal in Bartlesville, OK on a tiny little house that sold for $27,000 in 2006 and I just appraised it for $16000 in 2018.

That is still going on out in the rural/burbs areas.
 
2018-03-08 02:31:35 PM  
How about this time we don't allow companies to be "too big to fail"?  Break them up.  Or fail them.  Whatever, but if there is a new crash, it proves that "too big to fail" is too big to exist.  Also, make people really jump this time.
 
2018-03-08 04:43:49 PM  

AmbassadorBooze: How about this time we don't allow companies to be "too big to fail"?  Break them up.  Or fail them.  Whatever, but if there is a new crash, it proves that "too big to fail" is too big to exist.  Also, make people really jump this time.


Break them up, and then prevent future conglomerations which would cross the line into too big to fail.
 
2018-03-08 05:06:20 PM  

Bullseyed: fatbear: Tell me when he predicts the year of this crash, and I'll listen. He didn't even predict the exact century.

Can't let facts get in the way of the leftie narrative.

"Will the stock market go down eventually"
"Yes"
"Something something therefore liberals hate Trump"


 We're not talking a standard, predictable stock market drop, as you characterizing it. We're talking the inevitable massive collapse that occurs when the government aids the elites in their reckless financial behavior. That's not a "narrative," son, that's as sure a bet as the sunrise.
 
2018-03-08 06:10:05 PM  

BizarreMan: AmbassadorBooze: How about this time we don't allow companies to be "too big to fail"?  Break them up.  Or fail them.  Whatever, but if there is a new crash, it proves that "too big to fail" is too big to exist.  Also, make people really jump this time.

Break them up, and then prevent future conglomerations which would cross the line into too big to fail.


That would be fine.  But this whole "too big to fail" is shiat.  But I have a feeling things are too big to fail again, and we will be bailing them out, again.  If we do so I demand blood.  Give the CEO and CFO of TBTF companies 30 days to say thier goodbys and then hound them into ritual suicide.
 
2018-03-08 06:55:02 PM  
I knew that on November 7 2016.
Really, I knew there would be one, as soon as the last one ended.
They key is knowing when.
 
2018-03-08 10:06:34 PM  
Reading that makes me glad that I haven't paid Gates since W2K.

The reality is that rapid advances in AI and automation means that the vast majority of workers will be made redundant in the very near future.  Almost all the benefits of AI and automation will go to people who control resources and capital.  The unpleasant reality is that they no longer need hordes of workers to generate the surpluses that make them wealthy.   Yes, there will be another financial 'crisis', but this time there will be no 'recovery' for the millions flung down into poverty.
 
2018-03-09 03:02:32 AM  
Trump has nothing to do with it. It's a given that there will be another financial panic sometime, just as we've had them throughout our history. Notice Gates didn't say when, just that it'll happen, which is about as safe as bet as there is.
 
2018-03-09 09:49:56 AM  

jjorsett: Trump has nothing to do with it. It's a given that there will be another financial panic sometime, just as we've had them throughout our history. Notice Gates didn't say when, just that it'll happen, which is about as safe as bet as there is.


Agree. But you know the mainstream media will do whatever it can to blame the President. That is how it always seems to be. When it comes to money, take personal responsibility.
 
Displayed 38 of 38 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report