BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

It is amazing how many claim to know what Prechter's track record is. Just about every comment has been wrong. He was within months of calling the high in 2007 and the low in 2009. If anyone can call it better, step forward.

Media that most people watch will not have him on as he is negative on the market right now. It is all about showing a positive side so the public will get sucked into this last hooray by the Wall Street crooks. Sure enough, John Q. has started buying stocks again in 2011 and you know when that happens the market is nearing a top.

Prechter is as right as a broken clock. Since March 09 his consistent position was do not be in equity, be in cash/us$ and commodities topped. How the media glorifies this guy is boggling. Look for proof of his @#$% claims.

This guy,s projections must be based upon tea leaves.

sure prechter..
even a broken clock is right twice a day..

Prechter is a charlatan and he knows most people remember good calls but forget bad ones quickly and his followers will forgive him even faster. Sure, there will be a bear market somdeday and he will claim that that is the one he was predicting. Meanwhile DJI can pass the previous highs and he will keep calling that a rally in a bear market. He cannot be proven wrong as long as there is a possibility of a bear market present - which is forever. These charlatans hang on to their calls that turned out to be correct and hope people will forget their bad calls. One should learn to find good entry and exit points and CYA. There is no other way to make money in the stock market. The gurus and pundits are there to provide time fillers for financial news TV, blogs and services. They make a good living by talking up a storm and not through their investments. They choose the safer way to make money while advicing other to invest and risk their money.

He's bullish on the dollar? Has he been following the sinking value of the dollar against other currencies since 1972? Against the Swiss Franc, the dollar has lost at least 80% of its value. If he thinks a dead cat bounce is coming he has no rationale to back it up given the Fed's money printing sprees and our massive export of cheap dollars. What will come back to bite Prechter is stagflation, not deflation. Don't listen to this fool.

The two party system is propped up by the central banks. People watch the puppet show and complain after each party fails to have the citizen's interest. The National Debt continues to grow as we pay interest only on the loans from the central banks.

The bottom line: No More National Debt. All our money is created out of debt borrowed from the private corporation of the Federal Reserve System, or other private foreign central banks. But nations don't have to borrow money from the central banks. Sovereign nations can create their own money -- debt free -- just as Abraham Lincoln did to win the Civil War. This is the secret that’s been hidden from us for over 100 years.

Repeal the Federal Reserve Act and the problem is solved. Hunger, poverty, recessions. All over. Write your congressman. At least let them know that you know you're being scammed.

Write your representatives and the President and demand:
1) Debt-free US issued currency, not currency borrowed from the private corporation of the Federal Reserve System.
2) Increase fractional reserve banking to full reserve
3) AUDIT the Federal Reserve System.
4) Pass a Balance Budget Amendment to the Constitution

Research this information for yourself. The Grace Commission was formed by the Reagan administration to try to solve the national debt crisis.
"100 percent of what is collected is absorbed solely by interest on the Federal debt ... In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government." -- Grace Commission Report Jan 12, 1984

“If fundamental changes are not made in Federal spending, as compared with the fiscal 1983 deficit of $195 billion, a deficit of over ten times that amount, $2 trillion, is projected for the year 2000, only 17 years from now. In that year, the Federal debt would be $13.0 trillion ($160,000 per current taxpayer) and the interest alone on the debt would be $1.5 trillion per year ($18,500 per year per current taxpayer).” – Grace Commission Report Jan 12, 1984

Search the 'Secret of Oz,' 'Money as Debt,' 'Creature from Jekyll Island,' and 'America: Freedom to Fascism' free documentaries.

Search 'Why an Income Tax is Not Necessary to Fund the U.S. Government.'

There is hope, especially here in America. History has shown that America has fought to create its own money for the last 300 years. In fact, in no other nation on earth has the population fought for it as successfully and with such determination over the centuries as America. All we need in the face of this oncoming first depression of the 21st century is a little education. We can make this the new civil rights movement--the new human rights movement. The big bankers now stand more exposed than ever before. Let’s use history to guide our path today.

This hasn’t been an issue since the time L. Frank Baum wrote the Wonderful Wizard of Oz. Why? Because after the William Jennings Bryan era (1920's), the bankers learned that in order to put the lid on this issue they had to buy up the nation’s press. And they did. But this won’t work in the Internet age. Television commentators are now asking just what is the Federal Reserve and where does their money come from? The answer is they make the money up out of thin air and then have the audacity to loan it to us. The interest that the government has to pay is where our income taxes go. That was the deal the Fed made with the government when the Federal Reserve Act was rammed through Congress on Dec. 23, 1913.

And what about the principal? The principle is never repaid, but the interest just keeps compounding. And it’s that interest that’s killing us. We’ll never be able to repay it. No nation ever has been able to do so--except for President Jackson in 1836.

how much money does he have to gain by talking the markets down? Where is the @#$% disclosure statements on this prick??

I hope he sells all his gold and silver so I can buy it.... He can have all my green paper, they be printing that Chit 24/7!!!!

Yeah, looking at his face, he looks short. Maybe very short. He looks desperate. Why not we help him by selling some so he would not lose so much. LoL.