Biggest Stock Market crash coming in 2016 - What advice do we have?

[meono]

Robert Kiyosaki: Biggest Stock Market Crash in History Coming in 2016

https://www.youtube.com/watch?v=ZiENFvvZQVc

He is saying, the things we are saying..... Cash is trash... A crash is coming... China already won the economic race.... America cannot keep on funding a war with fake money.

The Ruble is the current best performing fiat currency in the world?  

We all know, when the USA cough, the rest of the world gets a cold.... so it's already down with flu, and the rest of the world is going soon.

If I were you, I would start to stock up on something.... Gold / Silver / Bitcoin .....BUT not stocks and fiat. What advice do we have for a huge stock market crash?

Let's discuss this.... Robert is no fool, and we need to listen and prepare.  

Edit : Let's not shoot the messenger... I am just creating a hypothetical situation based on what Robert said in the video to stimulate discussion on the subject.

Can we ignore the signs that everything is not well in the USA? This is something that can, and will happen... If not in 2016... but in the near future.

http://www.usdebtclock.org/

LOL are you even aware that Rich Dad is a scam? The fucker should have been jailed but thanks to the wonderful justice system we got here.

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[Kprawn]

Oh Please.... enlighten us with your knowledge. Rich Global LLC, one of the corporate arms Kiyosaki has done business under, filed for bankruptcy protection in August, after it was ordered to pay just under

$24 million to the Learning Annex and its chairman Bill Zanker. { corporate bankruptcy, not a personal bankruptcy } <--- a strategic business move.

The claim against that company is bogus and is motivated from pure greed on Bill Zanker's side. The thing about being rich, is everyone wants a piece of the pie... It's your task to protect it.

Once you think out side the box and you speak out openly against the government and the financial system, you will have a target posted on your back. It's only a question of time, before they start to

hunt you down, and attack your reputation. 

[electerium]

china won no economic race

they have a serious pollution issue
they have a serious water supply crisis (that will eventually lead to conflict once those countries downstream figure out china stole/diverted all the water)
they have a horrid infrastructure for city planning/highway
they are unbelievably rife with local government corruption

[MF Doom]

kiyasaki is not the only one predicting this, for some reason a LOT of finance experts, economists are looking at the beginning of october as the time frame when this global depression will begin:

http://etfdailynews.com/2015/08/04/8-financial-experts-that-are-warning-that-a-great-financial-crisis-is-imminent/

Their reasoning makes sense, the euro is in the process of failing, country by country.  The US has propped up the illusion that the USD is strong, thereby inflating stock values.

The one thing I dont know if I agree with is if people will "flock" to US stocks.  Sounds like the recent pushing down of gold/silver prices is a bear trap, and those may be the "safe haven" come october -> into 2016...

[Pk880058]

If stock market is gonna crash then I'll be cashing out of it and invest all my money in Bitcoin.

But maybe it's also just another scam or something like that.

[Snail2]

Great many economists and investment experts are predicted the coming stock market collapse. It's overbought and overinflated indeed, and the rest of the world economy (EU, China, Russia) is slowing down so sooner or later a correction surely going to happen. I'd say buying precious metals and bitcoin now, then cashing out during the collapse and buying stocks could be a good idea.

[MF Doom]

Great many economists and investment experts are predicted the coming stock market collapse. It's overbought and overinflated indeed, and the rest of the world economy (EU, China, Russia) is slowing down so sooner or later a correction surely going to happen. I'd say buying precious metals and bitcoin now, then cashing out during the collapse and buying stocks could be a good idea.

Zerohedge has some good thoughts about buying gold:

http://www.zerohedge.com/news/2015-08-04/some-clear-thinking-about-price-gold

I agree, its hard not to value gold (and even bitcoin) in terms of dollars, but if you are buying either of those you are essentially betting against fiat currency.  So you should take a long term perspective, and not get caught up in day-to-day price movement.

I think he makes a very solid point when he highlights te fact that gold/silver have held value for thousands of years while fiat currencies have come and gone many times.  I think btc also has more value than its current "worth" in terms of dollars.

[OROBTC]

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Exactly this kind of discussion is what everyone should be thinking about, but you never hear our politicians talking about our real problems of debt and insolvency.

The solution that works for me (and you hear this elsewhere) is diversification.  Members here (as well as Zero Hedge) seem to be at least somewhat into gold, and especially into Bitcoin (here at bitcointalk).

There is nothing wrong with holding shares, nothing wrong with real estate.  But hold other assets too.  Avoid debt.

[eternalgloom]

I agree that a crash is not out of the question, but I think there is also quite a bit of fear-mongering in play.

There still are relatively safe investments out there and gotta diversify your investments anyway...

[MF Doom]

I agree that a crash is not out of the question, but I think there is also quite a bit of fear-mongering in play.

There still are relatively safe investments out there and gotta diversify your investments anyway...

That is a big problem, it's hard to see through the "doom & gloom" that gets repeated over and over about how a crash is "imminent".

The thing is the same people predicting a crash now, were predicting the same thing last year, and the year before, and the year before...

And the ones who have "correctly" predicted crashes in the past, well maybe they did.  But what about all their failed predictions?  How long did they "predict" something like this before it actually happened?  Anyone could say "we have a market crash coming in soon!"  and if they say it long enough, eventually they'll be right.

[Harry Hood]

What is he really basing this on? Saying a stock market crash is coming is like saying bitcoin crash is coming. Usually all just speculation not really based on anything other than opinion./

Since 1913 the US Dollar has lost 98% of its value, that's one point. There are plenty of others you'll find if you research it. There are quite a few well respected analysts pointing out that the crash is inevitable too.

Every fiat currency has crashed 100% percent of the time in history.

So a crash represents a correction to that loss of value, yes? The price of stocks go down, the dollar can buy more shares of stock, therefore the dollar is stronger compared to the stock price...shouldn't we be celebrating a pending stock market crash!!!!?

It depends on where you keep your money - if you keep your money in the US Dollar, then yes value has been eroded and a stock market crash represents a buying  opportunity for stocks. If you keep your money in US stocks, then you've been making boat loads of money, despite the crashes for over a century!

[OROBTC]

...

After yesterday's big run-up in stocks, we are down hard today after the Chinese Yuan Devaluation.

It is too soon to really understand how the devaluation fits in (lots of variables in that equation), but it pretty much kills the idea of the Yuan becoming part of the SDR.

The Autumn is typically a dangerous time to be a bull in stocks.  I have been lightening up (but have been for 15 + years).

Some indicators (particularly commodity prices) are pointing to recession soon!

CA$H (in your hand/under the mattress -- NOT in the bank), gold, Bitcoin are all good diversification.  Buy what you feel comfortable at.

[dothebeats]

...

Exactly this kind of discussion is what everyone should be thinking about, but you never hear our politicians talking about our real problems of debt and insolvency.

The solution that works for me (and you hear this elsewhere) is diversification.  Members here (as well as Zero Hedge) seem to be at least somewhat into gold, and especially into Bitcoin (here at bitcointalk).

There is nothing wrong with holding shares, nothing wrong with real estate.  But hold other assets too.  Avoid debt.

True. Play with many assets at once and do not let your money sitting in a single asset that is very prone to crashes. Real estate and precious metals seems the way to go at this point in time, also bitcoin. If the stocks reached its bottom, buy back in and let the market do the rest.

[Kprawn]

Could this be the beginning of the prediction made by Robert? We have seen some huge indicators that everything is not square in the Stock Markets around the world.

The oil price is also crazy and manipulation in this is also feeding the demise of the world markets.

The Bitcoin price should have spiked during this time, but it's going the wrong way... Our timing and luck is playing against us for this whole fork fiasco.

Let's just hope sanity would prevail and people would back off and give Bitcoin an opportunity to breath in this unstable stock market crisis... a Bitcoin price of $400 - $500 is

within our reach for this year, if this fork can just go away...     

[LiteCoinGuy]

that crash is coming since 6 years    - buddy, nobody can predict that.

[OROBTC]

that crash is coming since 6 years    - buddy, nobody can predict that.

Since many of the purportedly "smartest brains" (those who got good grades at Harvard Business School, Princeton and Wharton for example) are always wrong about making such predictions, my predictions would likely be worth even less.*  And most of even them saying that timing is the hardest part.

[Ahh, I have been bearish since Jimmy Carter.  Is that a record?  Fortunately I did NOT have the courage of my convictions through the decades.]

* Except for diversification, almost always the smart choice.

[dopecoindude]

Actually the crash is coming this October because China.

no, this 15 september.

Ah, missed by 15 days.

Yes, this sept. 15th.

Take a moment invest in Cannabis/DOPEcoin and Bitcoin 

[Possum577]

People have been talking about a crash for years...and guess what....they're right! A crash is coming, one always does...what goes up must come down (a little bit), a correction.

A crash does not mean that everything ceases to exist the next day. If you have time to stay in the market then you should look at a crash as a time to buy the good stuff at a discount. If you don't have time come back from a correction you shouldn't have much in the market to begin with.

By the way, the only rationale that says the Russian Ruble is the best performing currency right now is because the Ruble has stayed stable (no movement, because Russia barely has a global economy) while other currencies have seen recession. It doesn't mean the ruble is strong or performing...

[RustyNomad]

There is most definitely a crash or a very big correction on its way but I personally think that many bears are going to be taken to the slaughter house before then.

Most central banks will go all in as soon as the house of cards starts to tumble leading to the mother of all QE's which I think is going to push the markets to sky high limits. Once we get there we will see a major correction and depending on the levels of panic, maybe the crash everybody is waiting for.

But as said, don't expect it to just start dropping, we need that last major pump before the big dump.

Personally I'm keeping as much as possible in cash, physical gold and of course bitcoin. Just wish I could accumulate all of those at a much faster rate, don't we all 

[LiteCoinGuy]

most definitely a big crash will occur but noone knows when this will happen. and it will not happen on the "16. september"

LOL