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Reader Comments (33)
Hey MOT,
What are you going to say if October comes and goes without a bump in the road? Just curious if you will recant and admit your not a prophet. You're wrong. Things will get better each and every day. You're crazy dude.
Oh MOT :( I hope for your sake that you are right. Because if you are not right......when judgement day comes you will be held accountable. I am praying for you that you are recieving the correct information from the correct source. I am praying that the forces of darkness have not seen you as a threat and are not leading you astray. You have several thousand listeners on youtube. Please, I pray, be very careful not to lead them astray.(Pleading) I mean this in the most sincere way. My thoughts go out to you in this difficult time. And with your family as well.
Hugs from your sister in Christ
Shauna
Hey Rod,
You might want to pay attention to the statistics and clear evidence out there that suggests a recovery is NOT happening soon. You can listen to all your boys at CNBC all you want, but millions more foreclosures, record joblessness, still toxic derivatives, etc. is not going to be solved by fake money.
MOT may be a little extreme, but he was right back in 2007 so I think he knows his stuff. Whether it all comes crashing down in October or another month is irrelavent, the point is it is coming. Best to be prepared for the worst and if it does not happen as MOT says, then we can all eat crow and go away.
I second that prophecy.
Hi MOT,
I have been viewing your videos for about a year on You Tube and you have held my interest on your predictions as I am a Christian and a Financial Adviser. I couldn't fault them, as they came from an educated mind on a financial matter.
But Mate, to start claiming that you are a prophet in the name of Jesus Christ and that you are compelled to tell us that the Federal Reserve will fail by December 2012. So many things wrong with your video.
To start with a Prophet of God would not give warnings about a Central Bank failing, never in the Bible did God concern himself about money, he didn't tell Noah to load the Ark with Gold.
When the system fails and I agree it will, money will have no value. All current forms of wealth will be useless, if you don't have the mark of the beast you will not be able to trade, it doesn't say the mark of the beast or gold, silver, a million in your bank account, a freehold home or a futures contract. Don't put concerns of wealth into the hearts of your viewers.
Also your prevous videos about food storage, if one person has food and the next person doesn't what do you think is going to happen? and if everybody stored 1 year of food this would create a food shortage?
Don't be concerned about food and water, these things are given to us by the grace of God.
December 2012 throughout the internet has a connection with the Mayan calendar and Planet X, the former is concerned with a Pagan Society and the later about a heavenly body that is supposed to wreak havoc on our planet, not as the Bible says being the precursor to the second coming of Jesus Christ as foretold in the Revelation.
Stating your prediction three times doesn't give it crediblity, as you are to test the source of your predictions three times to ensure that it does not come from Evil sources.
I believe people should look for the answers to these last days in the Bible and seek salvation in Jesus Christ for your eternal survival.
This World is soon to be controlled by the two beasts in Revelation, where either you are forced to Worship the Anti-Christ, where the punishment is eternal death or Worship the living God and have eternal life.
I am a Christian, not a seventh day adventist (nothing wrong with that faith), but look at David Asscherick Prophecy vidoes at hopevideo.com, these all come from the Bible, therefore from God.
Overall just a warning to watch out, there are extremely strong spritual forces at play, fighting for their last foothold of control on this earth.
Don't let them get you MOT, see you in Heaven when our time comes, rock on
When the human mind gets tied to ideas, it turns to mysticism for consolation once those ideas are found to have holes in them. Get well soon MOT.
Brother, the prophet is the only one who has the authority to prophecy to the people. you can recieve revelation about your own life, but realize that prophecying for the people without the authority is against the will of God. you can make predictions, but they are not prophecies
Yeah.....this video seriously creeped me out.
Not the best move, MOT...
quit judging the guy so harshly. The job situation is getting worse in the country not better, even though mass media says different, The bottom line is he knows its going to happen soon and many of us will not be prepared, The prophets have told us that for years, to be prepared physically (food storage etc., spiritually (in tune with the holy spirit, and getting our houses in order. It is evident that wicked people run this world/country from the top all the way down to our local authorities, at least in my neck of the woods. I can feel the wickedness in the air, i dont understand how some cannot see it. Everyone thought Jerusalem was too great of a city to be destroyed or taken over. Maybe they thought that about Sodom and Gommorah also. Lets not make that same mistake or end up like Lots wife. Those that prepare have nothing to fear. i hope and pray we are all prepared for that great day which comes to us all very soon. I thank MOT for his wise words, his time, effort, educated thoughts and predictions. IT is fun to follow, and keeps me motivated in this tough time to stay motivated with everything going on. This site brings us together to share ideas and prepare for the fall and hopefully the recovery of our country. I thank the MOT and his family for the sacrifice they make for this site.
ROCK ON!
Ah fear mongering at its best. It's quite a good business plan if you ask me, build up a frenzy of people who attach themselves to every gloomy word that he says. Then suddenly he starts selling food reserves.
Everyone needs to calm down and relax, the world is not coming to an end tommorow, the sun will rise another day. Doom and gloom predictions have been in existence since, well forever. Sometimes, like last October, they somewhat come true, it's the nature of probability. But things have a way of getting better, they always do, and even when they do, the prohphets of "the coutry is going to collapse / jesus is coming back / there is a global conspiracy by the government to control your lives" continue to do the same tired rants.
Yep. I'm with you, MH.
Nice to see that there's some rational people in this mix.
I say we throw a big "nah nah nah the world and country and currency are still here" party in 2013.
You're all invited. :-)
MOT you have lost it may friend. To make a statement in the name of Jesus Christ is just wrong in so many ways. I know he didn’t give you the authority to act in his name. Good luck with this one.
Glad to see a couple of normal folks in the mix here. MOT started out as an intelligent bloke who had interesting things to say. This site now is just another conspiracy theorist trying to make a few bucks out of the doom and gloom he sells to the sheep. Sad state of affairs really, because there is gross misrepresentation and repeated baseless claims about the way the conspiracy theorists go about their business. The very things they claim to be fighting on the other side.
We won't live with gold pavements or without basic food anytime soon. If we do and you happen to have food reserves for a year. I'm guessing someone will get your food and you would be less likely to survive than if you were fighting it out for a few crums of bread. The good part is, it will never come to that.
MOT, Yes, Your on the mark as usual, I don't understand how anybody can trust governments or the paper they print and get 40 hrs. work for another promise. Even the f.d.i.c. is bankrupt, Even though they prrrrrrrrrrromise to guarantee up to 250,000, There is no guarantee that 250,000 of anything will buy a can of corn. God bless you. Michael G. McDonald.
MOT,
Why are you concerned with selling food storage if the dollar is going to be worthless in a few months? Why not give it to the people for free?
Are you really trying to monetize a fear mongering business? Get a life.
Yes, AZDude. Good points. I guess he is into regular $$'s so he can exchange them for gold...lol.
Me thinks that Jr. has informed him how to make buku bucks off the paranoid on the internet, and what
better way to do so than make them even more paranoid and then for an extra punch, throw in the name
of Jesus.
I find it so incredibly funny as Jesus wasn't into money; quite the opposite. Typical of so many Christians who seem to have
no idea of his teachings and actually appear hell-bent on doing just the opposite.
I admit the timing here is fishy MOT. It seems that speaking of doom and gloom and then all of a sudden selling a food storage business is a bit disingenious. Fear mongering perhaps to scare people into buying your products?
There has not been a lot of specifics regarding the economic data lately from you. A total collapse does not seem imminent if you ask me. Some local markets, like here in Vermont, continue to be ok. Just a few less good jobs to apply for.
I do believe that MOT is right that moving to the mountains is prudent. Life is better here!
To the people questioning MOTs predictions, you have to realize the banking/insurance/hedgefunds would have all completely imploded last August without sending the entire economy into Bizarro world where you print so much money that no real problems are realized. To say the system won't collapse is false - it did collapse - and then was thrown trillions of dollars to 'fix' all of the rough spots.
Before the end of the month there should be big trouble as MOT has said. But, these guys can basically levitate the whole economy with unlimited liquidity and some helpful banks to trade up whatever you like.
The unemployment rate continues to rise, we have had 98 banks fail so far this year, 34 banks missed a TARP payment back to the gov this month, P/E ratios for the market are averaging over 100, Cali is broke with NY not far behind ... please don't try to pretend everything is rosy and MOTs "doom and gloom" is not spot on.
As far as MOTs call on the FED; probably correct. The FED was always been called the lender of last resort and would be the last bank standing I suppose. There is so much unrecognized loss out there it is staggering. But, with all the bailouts, stimulus, Harp/arp/tarp/darp/farts nobody has to recognize these losses, they just float along on balance sheets and maybe even get traded back and forth. Then along comes the FED - the cancer eater. It swallows up huge bad debts and spits back freshly printed money. Eventually the cancer eater is going to become cancerous itself - 2012 sounds about right.
Regarding his food storage info. If you want to learn you can put the time in to research it all yourself or pay someone that has years and years of experience. Most things you pay for are gone within a month; knowledge tends to stick around and pay you back over and over.
I agree. I think MOT is sincere and honest. Keep in mind, that he was right about the housing market, USD, and gold. As far as I can tell, he could have been one of the "masters of the universe" but chose a different path and I respect that.
Also, if you listen and read many indepedent (not affiliated with the big banks/brokers) economists, investors, etc they also see quite a difficult time ahead, from stagflation/deflation to outright depression. Just look up Jim Sinclair, Jim Rogers, Harry Dent, Bob Chapman, Eric Sprott, Jim Dines, Ian Gordon and John Williams to name a few.
IMVHO, I think the debt carrying capacity of the US Gov't is reaching it's limits and the implications of this is probably closer at hand. GM, I know that it is not in the interest of the BRIC and other countries to see a crash in the USD, but "black swan events" do happen. Economic models cannot predict everything as the real world is too complex to model which leads to unexpected events. See:
The Black Swan Theory (in Nassim Nicholas Taleb's version) concerns high-impact, hard-to-predict, and rare events beyond the realm of normal expectations.
Lastly, Jim Rogers has stated that when this is over, he thinks the Federal Reserve will be dissolved.
I am disappointed, but not surprised, that an alleged Harvard M.B.A. invokes ONLY Jesus Christ as the basis of a prediction.
And gold wil hit U.S. $2,000 in 2010.
Yours In Ashgabat,
KT
KT, correct me if I'm wrong, but didn't MOT say he pulls information from all sources (spiritual, religious, historical, Harvard etc) to make his predictions?
To those of you who defend this video, I think that most of us who are having problems with it are feeling that this sense of
urgency and adding "in the name of Jesus" to it is just a bit over the top. That and coupled with this new found business
of food storage just makes the whole thing a bit fishy.
I can't speak for MOT, just what I think. I also look at other sources as cited above to make my own conclusions. IMHO, many of the independent economists/investors are coming up with similiar conclusions to MOTs, but with varying degrees of hardship. The timing is short to mid term. I think MOT is probably the most extreme in the scenarios that are being talked about. It doesn't hurt to be prepared though.
Doug: I certainly don't disagree with Taleb. There are black swans out there - and the current system is fragile to them. But, within the subset of financial markets - I don't look at black swans as random events, and I don't see one in the immediate horizon. Make this argument in a couple of years when the markets are at their cocky best (worst) and I'll have a lot of time for you. Right now, the trend is up.
Being ideologically opposed to Keynes makes sense. Failing to recognize the robustness of money creation in a transfer payment problem is not sensible. You can hate an ideology, but you must understand it to criticize it. MOT has too many ideological predispositions to recognize the more logical outcome of what's going on, over the short-run.
GM, black swan events are very hard to predict. That's why they call them black swans. However, to say that one cannot happen for another 2 years is IMHO naive. As you say the system is fragile. It is exactly in a fragile environment that a black swan event usually occurs.
Why? The analogy is this: "When times are good the tide is high and everyones swimming. However, when times are tough the tide recedes, and that's when you see who has no shorts."
About Keynes, I don't despise or hate Keynesian economics. I don't think I've ever mentioned it actually. I confess, I'm not an economist nor do I understand fully Keynesian economics. Just the broad strokes and some details. I would say one thing though. I think when this is over, many will question the validity of Keynesian policies that have/are making things worse rather than better.
Doug: the point I was trying to make is that the system by definition is most vulnerable to black swan events when it is cocky. At times such as these, we are still more vigilant and more robust to randomness. I wasn't making a time-frame projection - simply making the point that within financial systems the biggest pile-ups and extreme cases of irrational exuberance take place when the going is good.
On Keynes: within the subset of paper-losses - I think it's a rational policy response. Don't get me wrong - i'd rather take the fall, rebuild a more robust economy and such. But, fact is it would be really, really painful. Also, we're systemically too far away to make that sudden change. I'd like to see a society moving towards lower taxes and lower inflation, but faced with the event of a financial crisis, the Keynesian model is robust. What we do post this recovery will determine the fate of the world. If we stick with Keynes beyond 2011, things won't be pretty. For now, it was the only realistic option. Economic drawinism has nothing to do with our reality.
My underlying point is that wanting a system to fail isn't reason enough to predict that it will fail. Increasingly, the doomsday advocates are losing touch with reality.
GM, black swan events happen at market extremes. Both at market bottoms and tops. In 1998 LTCM failed after the Asian Crisis of 1997 (a market bottom) followed by Nasdaq in 2000 (market top). It doesn't happen in the "middle" because the system can either absorb it or behavour(s) causing the event has not built up enough mass to cause the event.
You know what is troubling me about the recent bubble? I would say that this one was globally syncronized and was much larger than previous bubbles. It also involved virtually every asset class from real estate, stocks, bonds, commodities, art and even wine.
Also, instead of purging the system and letting companies fail, we got government intervention to save the too big to fails (thus allowing them to continue on with their shananigans ie. Goldman and high frequency trading), we reinstated market to make believe accounting (do I hear more Enrons??), and we have allowed our central banks to spend their country's reserves at a rate unheard of risking the foundation of the currency.
With respect to Keynes, it is exactly these Keynesian policies that I think will cause the next black swan event. Why? Because we have done nothing to solve the underlying problems. We have simply papered over them. It is simply a fraud. Once this comes to light, the next shoe will drop and in a fragile economy/system, the consequences are any ones guess.
The rational response IMVHO was the let the too bigs to fail orderly, let the institutions that did the right things take over market share, and use the central bank reserves to provide a safety net for the working and middle classes temporarily until the private sector is able to take them back in.
Better to take the hit now than to take a much bigger hit/knock out later. Currently, it looks like they are privatizing the gains (to the too big to fails ie record bonuses) while publicizing the losses to the working stiff. In the meantime, by bailing out the too big to fails, I fear the gov't has used up all their reserves and have none left for when the really big next shoe drops.
With respect to "wanting the system to fail", that is utterly crazy. I'm not immune to the consequences, though I wish I were. I'm a realist that looks and weighs the facts and agruments presented. At the moment, things are not looking too rosey.
Doug: I agree with everything you say in the post above. I don't have a problem with a stimulus to make up for the gap in AD. But, I do have a big problem with too big to fail. Like most on here, I want lower taxes and less government.
My point is simply that while the overall system is inherently fragile, we only get to systemic fragility at the top of an asset price bubble. I don't look at LTCM style events as systemically unmanageable. I look at those as normal events that trigger or take place during bear market cycles. A black swan event to me would be systemically important institutions, governments or currencies failing.
I am hearing a wide range of economic predictions, from DOW 12000 by years end to DOW 5000 by years end. My guess is somewhere in the middle. I don't think a collapse is in order at this point, but more pain will be felt.
That's why it makes sense to prepare for probably difficult times ahead.
Since the correction, there has been no purge of the system. Just the opposite has occured where the "too big to fails" have been given gov't life jackets to continue doing what they did (fraud) that got us to this mess. They have infact gotten away with the loot and are still stealing through "high frequency trading" and trading in general. Ever wonder why the DOW has ralled over 50% from the lows in an environment of worsening fundamentals and record insider selling?
That is why I believe the next shoe to drop will be harder because gov'ts have been duped into it (they're balance sheets have expanded 100's of percent with "legacy" assets worth fractions of what they paid for them) and have already spent huge reserves already to keep the current system going. As Jim Rogers has said, they've already spent trillions and this is likely only the start. You and I, my friends have been foot the bill so to speak while "the masters of universe" are making off with the ransom. Consequences are coming.
Did they teach you crazy at Harvard?
having watched MOTs latest video on youtube: http://www.youtube.com/user/manoftruth?blend=1&ob=4#p/u/0/dUhoQbquXkc I can only conclude that MOT has indeed lost it.
Pretty good going for the collapse of the system fall or whatever the hell this was meant to be!
to all the mormons saying mot is not a prophet i would say read your bible cause it says in the last days that all men shall prophesy and he never said he was a prophet he said "in jesus name". but keep up the good work mot!