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User Info I Bet Against America and Won in forum [Presentations]
Jstanley01
Posts: 8176
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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Dr. Michael J. Burry at UCLA Economics Commencement 2012


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You can't cheat an honest man. ~P.T. Barnum
Jocknomore
Posts: 184
Incept: 2009-01-03

Chicago
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That is a bet against America, I think not. America is leveraged derivative bets sold to anyone on earth. That is not the America it should be... I know...
Mrbill
Posts: 7843
Incept: 2008-10-19
Gold
North Carolina
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Wow. Damn.

smileysmileysmileysmileysmileysmileysmiley
Get_a_grip
Posts: 554
Incept: 2008-10-10
Green
Shoot Your First Zombie - Get the Second One Free
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Yeah, and what's scary is the common theme. If you start to tell the truth to the masses and possibly uncover what is going on behind the curtain, TPTB will use the full powers of the government, FBI, and legal system in an attempt to silence the truth from coming out. They did it to Martin Armstrong, and here will have another case... How many more cases are out there...

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"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it" -- Frederic Bastait
Deepsee100
Posts: 1304
Incept: 2008-02-05

The Med
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Well spoken. But I think he let them off a bit lightly with 'willful ignorance'.

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Truthseeker
Posts: 8474
Incept: 2007-10-07
Silver A True American Patriot!
NorCal
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Simply outstanding. Thanks for that post!

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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Jstanley01
Posts: 8176
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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It was at the top of ZH this morning.

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You can't cheat an honest man. ~P.T. Barnum
Whewt
Posts: 2289
Incept: 2008-03-17
Silver A True American Patriot!
Lake Bonneville Shoreline!
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Quote:
When the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable


It would be so interesting to sit down with these grads at listened to this and find out if it resonated. I think, for anyone who has been here for a long time, this speech could be the the TF commencement speech.

Quote:
..you will experience whithering, but stealthy attacks on your quality of life...


Imagine if KD and he sat down for a discussion. Super smart people unafraid to ask questions and pursue answers wherever they lead.


Bravo! Bravo!

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Except for the math, it's all going to work out.
Gen_maximus57
Posts: 4580
Incept: 2007-09-03
Green
Tampa
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I watched this, good video.

Not to take anything away from this guy but even a moron investor like myself saw this coming as far back as 2005. And in 2007 I was actively shorting Countryslide and all the home builders.

True, I didn't know what a MBS at the time.
Marc2mrkt
Posts: 369
Incept: 2008-04-12
Green
Taipei
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Another good commencement speech - different topic but meaningful:





re: nobody saw it coming, I remember reading these articles 11+ years ago about the JPM derivative monster. I also read W. Tarpley's Surviving the Cataclysm back in 1999. C.A.Fitt's was also putting out good articles on .gov mortgage fraud back in 1999. How could anyone in finance not connect the dots and see what was coming?

http://www.zealllc.com/2001/monster.htm
http://www.zealllc.com/2002/jpmgrows.htm
Jstanley01
Posts: 8176
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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How could that driver not see the minivan with an entire family on board before he plowed into it head-on? Because he was drunk on his ass.

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You can't cheat an honest man. ~P.T. Barnum
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