Liberty and Finance, Released on 5/20/22
“The market is the most out of balance today it’s ever been,” says financial author, Marine, and Naval Aviator Bob Moriarty, “It will self-correct. But it’s going to be brutal.” Along with the stock crash, the cost of energy and food are skyrocketing. This stock market crash will look like 1929 all over again, Bob Moriarty expects. He says owning hard assets as well as having a good stock of cash is imperative for surviving the coming crisis and being able to take advantage of investment opportunities going forward.
0:00 Intro
1:41 Stocks down 20%
6:13 Cash is king
7:27 Gold & silver
9:00 Buying & selling
13:26 Resource stocks
15:28 Famine
19:04 Revolution
20:03 Preparedness
21:09 Cryptocurrency
25:29 Hard assets
28:45 Last thoughts
29:58 Miles Franklin
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.
Bob Moriarty: “It’s Going To Be Brutal” – Repeat Of 1929 added by Herman James on
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At the 6:10 mark Bob says that “cash will be king” and to liquidate regular investments & hold your profits in cash. Wait a minute, what?
Is he kidding? Hold cash while its value is dropping faster than a govt economist’s credibility? And lets face it folks, the real devaluation rate is at least 20%+ per year and rising. Only a retarded monkey would believe it’s less.
Cash is devaluing against commodities and products right now, certainly, but against other fiat currencies the US dollar has been very strong for the last 12 months. It’s gone straight up, in fact. I believe Bob means to hold cash in the short-term, not the long-term, so one can purchase assets in the event of a crash. The issue is that you can’t purchase real estate or stocks or commodities with gold. One way or the other, you have to use US dollars to buy things.