Every now and then I hear a commercial on the radio that piques my interest. In this case it’s the radio add “Critical Warning 6″ which I end up listening to every morning on the way to work in July and August 2012. In part, it goes:
Something very big will happen in America within the next 180 days. It will be more devastating than the credit crisis of 2008. For most people, it will hit them like a brick wall. It will touch Americans harder and deeper than anything else we've seen since the Great Depression. Michael Lombardi feels so strongly about this, he's decided to present his "Critical Warning Number Six" in a new video. In case you're not familiar with him... Michael Lombardi has been widely recognized as predicting five major economic events over the past 10 years. In 2002, he started advising his readers to buy gold– related investments when gold traded under $300 an ounce. In 2006, he begged his readers to get out of the housing market...before it plunged.
My thoughts, and please share your own on this issue below:
- Scare Tactic – The voice used for the advertising is a threatening male voice about to tell you something you don’t want to hear.
- Timing – “Within the next 180-days… “ As of this writing if you poke around on like you can find mention of this ‘prediction’ going back to November of 2011 and possibly further back.
- Verification of Past Predictions – I tried to use the Internet Archive Wayback Machine to see what this website looked like in the past. After all, if Mr. Lombardi has posted his past predictions online we should be able to see them. Unfortunately, the Wayback Machine doesn’t seem to have an old web archives of his content.
- Who Else Made These Predictions? – I read a book prior to the present economic crisis by Harry S. Dent that seems to say the same thing Michael Lombardi is saying, but the information is verifiable. A few differences. The Wayback machine shows Dent ready to publish his book back in July of 2008. Dent sells a newsletter that essentially draws parallels to the great depression 80-some-years ago. It’s a good read and I’m a firm believer that history is a fine indicator of the future. But as the immortal Samuel Clemen once said, “History does not repeat itself, but it does rhyme”
- Why Share Your Knowledge? – If you lived in the future, let’s say the year 2022 and you traveled back to 2012 what would you do with your knowledge? How would you leverage this knowledge? One way would be to setup a newsletter and charge $200/year sharing your knowledge with others. The other would be to take your capital and make smart investments. Then there is the third way; you could invest with your knowledge of the past and then share the knowledge as a newsletter. If you invest first and have a large enough following you can make money as your followers invest and drive up prices.
I’ll probably come back to this and add as time allows.
About Jay Farschman - Jay currently works as a Senior Systems Administrator for an asset management company in Colorado where he works with companies that produce hardware, telecommunications software and financial services. Jay previously owned a consulting company and provided training and consulting services for three Fortune 500 companies and numerous small businesses where he leveraged Linux to provided exceptional value.