The game continues.....

[pshinspections]

We stopped paying our creditors months ago. We are selling our home to get out of debt, stock up on necessities, buy a little land on a river, and prepare to ride out the next ten years of depression.

There is nothing to gain by waiting for the dollar to drop any further.

[faszika]

wow lol mad max

[HarshrealistUK]

Just been on the PeterSchifftv channel and watched "Peter Schiff July 14 vlog" Peter is interested in becoming a member of the Senate, I believe he would bring a sense of realism along with Ron Paul, they would make a very good team, I highly respect both of them.

Peter is a true realist and tells it as it is, I have followed him for a long time and know his predictions are spot on. I wish him well with his Senatorial champaign.

[rgshah11]

Hey Tim, Could you make a new video...please

[edjuh10]

Hey Tim, Could you make a new video.. they are great !

[DixieGeezer]

I think when Jefferson County AL.. files for bankruptcy in the near future that will open a flood gate of cities an counties to follow suit. What happens in Calif. will be a big deal for the country. If P-Bo, (Pres. Obama) bails out Calif. he'll be forced to bail out other states like NY, GA, NV..etc..

Our cities, counties, states an now the fed are broke!

[maxinatlanta]

I keep hearing more people defaulting on the credit cards at work. It is a question of time. We are in for a ride. Peace. keep your spirits up.

[HarshrealistUK]

The collapse would have happened by now had the Government not intervened, unfortunately though most people don't understand that they are making the matter much worse. It's like a personal who has maxed out on a credit card only to purchase another one to delay the pain, but hears the rub, the pain will be much worse when the day of reckoning arrives. Quantitative easing will eventually lead to high inflation, and this can be considered as a tax to the average person

[Economic4caster]

Thanks for your comments. You make some very good points about the economic collapse that we are facing. The bailout bubble is the only thing saved us from an all out collapse. It only bought us some time.

[batfly]

You ever see the video called "Money as Debt"

go to google video and watch videoplay?docid=-9050474362583­451279

This video explains the exact concepts you articulated. The entire system has been designed for this very eventuality.

The architects of the system have known all along this day would come and they have accelerated the collapse in the past 10 years.

[batfly]

Arrrgghhh!

They moved the darn thing

videoplay?docid=-2550156453790­090544

(No spaces in the numbers!!!)

[HarshrealistUK]

I have seen the video "money as debt", it gave me a real understanding of fractional reserve banking, it also explains well the need for exponential debt to keep the system running. Hockey graph sticks come into mind.

If you get a chance have a look at "chris martenson" the crash course, it has 20 chapters in its video and explains very well the problems we face today

Unfortunately the vast majority of people do not understand the problems we are facing, they certainly are not going to go away

[frgtmygld]

I would agree with you that Chris Martenson's Crash Course is probably the best explanation of our current predicament out there. I've recommended it often.

My sister got about half way through and quit, saying "isn't there any hope?"

Unfortunately, there are probably a lot like her who cannot take a stiff dose of harsh realism, because knowledge brings responsibility.

Fore warned is fore armed.

[HarshrealistUK]

In my opinion this is the worst crisis since the great depression, infact I think it will be worse. The fundementals are dreadful, far far too much personal and Government debt, I am not a doom and gloom merchant I am neither an optimist or a pessimist, just a harsh realist. Most of my friends think the worst is over, I strongly believe they are wrong, unfortunately they believe the Government propaganda, the facts don't bear it out.

[HarshrealistUK]

I have followed Gerald Celente and believe that he is spot on with his forecasts, he says it as it is, also Peter Schiff has been accurate with his predictions. Not sure if you have seen the crash course by Chris Martenson, if not, type his name in google, it's a real eye opener.

I live in the UK and I am very concerned about the public debt, it's unpresedented, Gordon Brown says he wants us to grow out of recession by spending money, I consider this to be reckless.

[HarshrealistUK]

Hi Tim, I am new to your channel, however like yourself I am very interested in the crisis facing the global economy. I have no doubt that the game is up. Fractional reserve banking has gone out of kilter since 1971 when Richard Nixon took us off the gold standard, since then there has been reckless lending with little money in reserve. The ponzi scheme, and that's all it is, has come to an end, the Government manipulating the market will only make things worse in the long run.

[brown55061]

This goes back to the 30's when the US treasury had to declare bankruptcy and the debt was pledged on the American tax payers back w/out us even knowing. We've operated under emergency powers ever since, all while this FED manipulates interest rates and creates inflationairy bubbles. We should all know the bubble will break but the question is how hard and how fast. Get prepared for the worst people.

[Due4Revolution]

The greedy bankers & the US Goverement did it all on purpose. It did not happen by chance like you have described. You said the US Goverment started manipulating real numbers, right? That means they are in on the sceme.

[wizardofounce]

Congress might need to remove Bernanke and pull the plug on the fed, but do you really think Congress is going to step up to the plate and do that.

Good vid. 5*****

[jembocc1347]

great stuff, keep 'em comin'

[patriotsundergod]

Great video man! I like your channel.

[silversurfer12371]

We were a homesteading country long before we were a "producing" nation (as you put it). Guess what, that's what we're going back to.

[frgtmygld]

Thanks for the great analysis and advise

I think folks would do well following your example. Our asset allocation and outlook on economic eventualities might vary slightly, but not much.

I think you are doing people a service by sharing your thoughts here on Youtube.

[MRICONMUSIC]

thanks Tim Steve!!!!!

[biped19]

This video is 100% correct but be careful. This person is vague about the "we have been living well beyond our means." Who exactly is we? If he means the general population then yes he is partially correct. If he means that it is the entire us population's fault, without acknowledging the big culprits ie. BANKS/FED, corporations, corrupt politicians, minim wages frozen since the late 80s, standard of living below 1997 levels. The biggest problem with Americans now is apathy & a lack of weapons.

[Economic4caster]

The "We" that I speak of is our Government. Deficit spending is not sustainable and eventually will lead to the collapse of both our economic and political systems. Cheap and easy money made available by the Federal Reserve was like crack cocaine to the consumer. A lot of people got addicted and some overdosed.

[every3600years]

bravo

[slobomotion]

My personal holdings are in: real estate (all paid for, I have no debt), fine art by Great Masters, some precious metals in the form of jewelry, euros, life insurance, arable land, and connections, personal ones.

Good video, thank you. Greetings from France. I have almost no USD.

[boots920]

That's certainly great planning on your part, you're in the top 1% of the world population. The other 99% have to observe their families slowly starve to death.

When people loose everything they loose it.

Quality of life will be like that of the dark ages.

[slobomotion]

I didn't feel I would be a good parent, could afford to bring children forth into a squeezed and dying world. Sad, huh? Am I really in the top 1 per cent.? I haven't been able to afford a haircut for nearly 20 years. Have no TV. Walk to work. Earn less money each year.

[boots920]

Yep,

You're richer than 99% of the lemmings that populate the planet.

60's and 70's strange now times that by 30 and that's what we get real soon.

[fal2grace]

Great historical perspective. Love your videos!

[suzettespencer]

So bring on the taxes & the spending. BRING IT ON. We will recover faster.

[suzettespencer]

I was being sarcastic

[PopolVuh2]

OK i'm sorry, looks like the shit is gonna hit the fan in late summer.

[suzettespencer]

Now I understand why Obama was so keen on bailing GM & Chrysler. It provides the facade that our production capacity is still intact (tehe tehe). I am now of the opinion that the American economy is f#*&& ed up beyond all repair (FUBAR). America is waking up but not conscious yet. The damage is done & our gov't won't listen to us. This system has to DIE. It no longer can be fixed. If death is inevitable, I prefer it to be quick & merciful rather than long, lingering, and torturous.

[JMehrman]

Just want to say an excellent video and I appreciate your input!!

[pshinspections]

See my video about this issue: watch?v=kzWoKVctgIc

[CPAsheldon]

Good economic analysis! Our dollars soon may be cheaper than toilet paper!

[popomp1]

to much of the country does not understand it if one damn state would just grow a pair and start their own money system- it would be fixed in 6 months -- unplug yourself from the dollar

[boots920]

Exactly - US Fed Note world reserve when Nixon ended the gold standard, not one leader of any state, province, city country or world organization said anything about it right.

Just proves that this bullcrap has been going on for a long time.

Example:

If the US Fed Note is not backed by commodity why would you have to borrow the paper, its paper just create it for your state. Just shows how screwed the globe is....

[popomp1]

I agree .... I was born in 81 I was not even around during that time ....

[boots920]

1776 Gold $20

1971 Gold $35 (almost two hundred years before it reached this point)

2009 Gold $1000

Gold is a cool metal but its only function unlike silver is money. A store of value, even though the price is manipulated the gold price actually shows what the central bank is up to, namely counterfeiting money with the co-operation of all other world governments. If we weren't screwed gold price would be $20 per oz.

[pshinspections]

Damn, it's good to see someone else did the research besides me. Nixon and the Fed fucked our dollar.

[boots920]

The thing that's got me drinking heavily is this current bullcrap going on has similar patterns of financial cycles and wars because of Al Capone type in charge of the money supply.

Where would the states and the globe be if WW1, WW2, Korea, Vietnam, Iraq , Afghanistan and all the other STAGED events didn't happen. Great Depression bad times my grandparents went through hell just because you have idiots running the globe into the ground.

Nixon - War Criminal - Should have been shot for treason.

[Maynardsat]

A concise, accurate analysis.

[pfowler20]

ppt, that says it all.