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From: latewire
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  • hey global warming realy is hapening... yes thos few may be a bit extreme....

  • @jannikmt You are victim of government propaganda. Learn about the science of the "Carbon Cycle". Carbon Dioxide is the air you breath out and required by plants and trees to grow. A CO2 tax is therefor a tax on breathing. ;D

  • But what is money? a worthless piece of paper?

    think of it! what is a laptop without power?!

  • The most accurate account of the boom of the late 90's in relation to taxation and government spending that I have heard. Most excellent all around video. Mirrors my thoughts exactly.

  • QUESTION: if we were to go back on a gold and silver backed currency how would that be possible. Wouldn't the price of gold and silver have to be pegged "world wide" to the same price? If not......people from other countries could buy up or gold and sell it at a profit. How would that work...educate me please

  • CURRENCY COLLAPSE Why The Government Won't Act

    Oct-28-2010 GREAT VIDEO -INSIGHT INTO ECONOMIC DYNAMICS

    GOVERNMENT MORTGAGE RELIEF

    1-800-270-2928

  • We need Austrian Economics and we're not going to get it. The corrupt Federal Reserve Bank will continue to own the world and collapse it with the click of a button. Violent revolution is the only way to change the course.

  • i love this guy and the way he preaches.

    Yo should go listen to myspacesecrets here on youtube he was one of the first to predict TSHTF. he is awesome.

  • because we are the point of no return. it is too late now, they have printed too much money, have too huge a debt, cannot pay off the interest on the debt, and our GDP now equals our debts, etc. only if they go on a silver standard, stop printing money, stop spending, and stop taxing can this nation make a come back.

  • thank you for the advice my friend, However I have given up on my fellow americans, They are screwed and would rather live in denile. I talk to people about silver and gold, stock market and politicans. The looks and answers are the same. IM CRAZY! Then there is the issue of politics, the vast majority of americans still play the red vs blue game never realizing that its a game alright, a game the ultra rich play and we the people are the pawns. They just do not want to hear it!

  • True, when someone tells you something, find out where are they coming from or their agenda. 'The Descent of Power' by Robert Greene is an excellent essay on why the Elite's dream is going down the toilet.

  • Your a jack ass

  • The Federal Reserve Bank is printing digital dollars at the speed of light (the same as all of the other central banks around the globe). Hyperinflation happens when the banks actually disburse those dollars, euros, yen, etc. into the general economy. Currency is "distilled work". When currency is created without the "work" behind it, that is debasing the currency and the root cause of price inflation. Price is a reflection of purchasing power of the currency. Lower power equals higher price.

  • I don't know what to do, whenever I talk to people about this they degrade me and tell me im crazy and "that could never happen in America"...Would you just stop playing Paul Revere? Without stealing social security money wouldn't clinton have never had a surplus even without the tech boom? I don't know what to do besides buying food and trying to learn skills...am I crazy, I keep having nightmares about empty store shelves and societal breakdown?

  • If you close all tax loopholes and tax shelters, tax the wealthy and FORCE them to pay, allow them no quarter whatsoever, you WILL make money. The only reason taxing the wealthy never helps is because they all know exactly how to avoid paying.

    The proverbial backs of the wealthy and of private industry must be broken, and their holding hostage of the middle and lower classes brought to heel.

  • ok... I'm still trying to wrap my head around Keynesian economics. I understand how the value of the dollar can fall if there is more of it to go around. What I don't get is why we still have inflation if according to the M3 we lost $300 million since 2009. Unless, of course, other things where contributing to it, with more influence than Government Spending.

  • @i10azns It depends on if you define inflation as the expansion of money and credit or the increase in a "consumer price index" (CPI) of sorts.

    The problem is that a lot of these metrics are skewed. We know the value of our money is falling because we see food, energy, and commodity prices go up, but the government's CPI rejects those metrics automatically. Credit, of course, has been retracting in a lot of sectors, but THE FED has been expanding it in others which distorts the market

  • @i10azns Phony growth...

    Basically house prices collapsed which caused M3 (which is more like "real value") to collapse. Printing will still cause inflation, cause it does not add value. In other words there is real value in M3, there is not real value in printed dollars.

    In fact if M3 collapses it will also cause inflation through wealth destruction, the higher M3 = the higher living standards and lower prices. (though it was phony growth in the 2000s).

  • @i10azns The Federal reserve stopped reporting M3 in 2005/2006.

  • @Aryaba Yeah. Glenn Beck was pulling numbers out of his arse again.

  • @i10azns Glenn Beck didn't pull those numbers out of his ass, you did.

  • @Aryaba it was in June when he reported it. I'd show you the video but I stopped watching the day I saw it.

  • @i10azns I just did a search on google and google video and I couldn't find anything about this.

  • @Aryaba I also tried looking for a repository for every Fox News Broadcast he's ever done. Just so I could show people some of the more disturbing shows he's put on like the April 15th broadcast. But unfortunately, not enough people care to record and archive cable news.

  • @i10azns I am fairly certain that if Glenn Beck actually made that statement, someone would have made a youtube clip out of it. Mind you there is a slim chance no one picked up on it. But he is under a great deal of scrutiny from the left as an opponent with whom they fear and from Libertarian minded folks as someone they admire. (Oh, I fall in the Libertarian camp)

  • reboot the gov reinstall the OS.

    we are bloated and corrupted and virus ridden ATm = FAIL

  • Where is Franklin Delano Roosevelt when we need him?

  • @BurzumiyaMusic we dont need him!

  • @BurzumiyaMusic Thankfully long dead and buried.

  • (off topic) Jacque Fresco- Search for Venus Project & Zeitgeist Movement! Beyond Poverty, Politics, Crime & War. A world w/out Money, is it even possible? Stop the Greed w/in the Government ! (Links are in my page!!) Act Now before it's to late !!!

  • I think that to fix the problems will require somthing that will do somthing drastic changes that will hurt things in a major way that will make people not want to do it, even if i balances everything and takes the government and almost everyone out of debt. This will be a very hard problem to fix and I hope to see a solution to this soon.

  • hmm

  • lol I think your computer exploded.

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  • Why should one "pay back" money at interest to the federal reserve? the fed did not have money to lend and does not "need" any payback.

    The deficit is just a result of trying to pay back 5% annually accumulating interest or whatever on an astronomical sum and the false belief that one somehow has an obligation to "pay back" this deficit to the fed who never had the money. The fed never created any value. it is there to "count" economic activity, and not to pretend it has money to "lend".

  • Why should one "pay back" money at interest to the federal reserve? the FED did not have money to lend and does not "need" any payback.

    The deficit is just a result of trying to pay 5% or whatever on an astronomical sum.

    and the false belief that one has to "pay back" this deficit to the FED. The fed never created any value. it is there to "count" economic activity, and NOT to pretend it has money to "lend".

  • Search ME. ?

    You must've hit the wrong name.

  • The death spiral had already begun 30 years ago!

    There is no will, power, commitment, desire, ardor, yearning - no not the slightest to make any change - I am sorry to say - The US is doomed. It is not a matter of if but when. Sad to say you are going to drag the rest of the world with you into a deep dark abyss - so deep that it might take decades for the world to recover - Unless the US Gov decides on a golbal war to bail the US out of this depression - but then the world suffers.

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  • Gerat videos tho. Calm , measured and informative. Thanks

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  • LESS THAN 2 DECADES.? Well that aint so bad then. Cos the likes of Schiff eyc is talking about a meltdown this year. ?

  • @ANTIDALLARD

    Yeah, this video is kind of old. Debt will overtake GDP probably this year.

  • @latewire

    The libertarian experts are talking up the panic for a collapse NOW.,. And have been since late 08.Weare not supposed to have made it this far. We we should be in a weimar Germany scenario by now, according to Schiff,Rogers, celente etc. Its a bit of a stopped clock scenario. Y' know. You'll be right eventually, if you just wait long enough. And just keep pushing back the bar.

  • I don't know about celente, but Rogers and Schiff are certainly not 100% sure about hyperinflation. They are predicting another recession sometime soon though.

    Judging from what stock prices are doing, it may have started already.

  • @latewire

    Another RECESSION some time soon? I thought we were looking at an economic collapse. Its all getting a bit confusing. At the start of your video you pointed out how people gain, from scare mongering. And being an irish catholic, I know exactly what you mean. But theres a video of Peter schiff saying that "a billion dollars wont buy you a pack of gum." In 2009. Now, its a recession soon, and hyperinflation in 2 dacades.?

  • @latewire

    Y'see, I think, wether we like it or not, its only a recession, when the mainstream media, reports big losses in the stockmarket Or the currency markets eyc... A serious loss, that cant be ignored. Like 2008.

  • @ANTIDALLARD None of them said "in 6 months" or made any such ridiculous claim of a time-limit. All of them tend to agree that if we keep printing money we run the risk of hyper inflation.

  • "Would any of our politicians risk losing an election in a futile attempt to persuade congress to save our currency?"

    Yes! The man in the first picture you have in your video is constantly striving to do exactly that. Take a gander for yourself. This is just one of many steps he's taking:

    /watch?v=Ow8d6PBQc_Q&feature=s­ub

  • The government and the dollar can go down the tubes. We the people will have to create our own economy based on free trade with each other. We have handed the elite's in the banking and political realm our souls. But unlike God or the Devil they have no power to keep our souls. So we just do our own thing and keep them out of the loop just like they do to us.

    Give them the illusion of being in control we have to stop believing in the television promoted structures of the corporate world.

  • I agree totally with this.

  • Hasn't the debt already surpassed GDP? If not it should be soon. 2020 seems to be too optimistic.

  • The us government is gonna dump dollar like everbody else eventually

  • Who is John Galt?

  • Well I got news for you..the second amendment that you left wing assholes hate so much is my defense against your removal order. Any dipshit marxist fucks with me or mine and I will shove a Glock so far up their ass they will taste gun oil and you can take that anyway you want to. Your BOY hasn't turned America into Russia yet, so you better start gettin a lower profile before you get caught in the cross fire. Know what I mean?

  • Hey dude...I have lived in Moscow and travel there frequently, my daughter still lives there (only because she is finishing her school) You should go there sometime and see the legacy that your kind of thinking has perpetrated on the working people of Russia. Its a hell hole for most everyone except the chosen ones(ie Barack Obama and his Czars) and your ilk wants the same thing for America.

  • For those who aren't aware, "talmudic" is a fancy word for 'jewish law/morality'.

    You could've just said you were an anti-semite from the get-go and saved this guy the trouble of arguing with you.

  • Brian..please stop trying to find logic in this guy's thinking. He obviously has been influenced by Marx to the point of insanity and can not move past that point. Try pointing out the many failed experiments in history and if they still can't compute...stop trying, its useless. As Dr. Michale Savage says..liberalism is a mental disorder.

  • Everyone, start producing for yourselves and for people you like. Produce for people in whom you find value in exchange for something you value. Do not produce for strangers in some nice building calling themselves your servants. If they do not listen to you, how can you consider them to serve you?

  • If it costs nothing to operate and maintain a hydro-power facility, then why do so many people work at them? What are they doing there all day? lol

    You're delusional. Anything as large and complex as a power plant takes a lot of work to keep it operating. Parts wear out, things need replacing, things need cleaning, things need monitoring. Should those people be paid for their efforts, or should they all work for you for free? Do you work for free??

    Give me answers instead of insults.

  • Actually, you and I agree on some things. We both believe the government is full of corrupt, evil, power hungry people. Where we part ways is that you feel that socieity should work for free to provide you with the necessities of life, and I feel that everyone should be paid for their efforts.

    In short, I'm an individualist and capitalist, and you're a collectivist and communist, right?

    I'm not a lawyer, I run an e-commerce business, and a small vending machine business. What do you do?

  • judge, sure, we have free water. Go out and scoop a bucket full from the stagnant pond behind your house. You might get intestinal parasites, but it's free.

    Now, if you want to purify the water, then you can build a fire by rubbing sticks together. That would be free (if you don't value your time), but I would spend a little on matches to make the job easier, although the "water" would no longer be free.

    You can also buy a water filter to make the pond water healthier, but even less free.

  • judge, did you even read my comment? It's not so much that you're paying for the water itself, you're paying for the processing of it, which costs money.

    The same goes for electricity. Generators cost money to build, operate, and maintain. It also costs money to erect and maintain power lines.

    Either we all buy these services from private companies, or the government runs these utilities, and charges us for them (socialism). Either way, nothing that takes effort in this world is free.

  • judge, I agree with most of what you said, but there's no such thing as free electricity and water. Electricity must be produced by a generator or solar panel, which cost money to buy, maintain, and to fuel, in the case of most generators.

    Water must be located, collected, disinfected, purified, and transported, which costs money. Even if you fetch a bucket from the stream, you must boil and/or filter it, which costs time, energy, and money.

    So free? No. Should it be cheap & clean? Yes.

  • latewire sounds like liberalviewer

  • damn that's creepy

  • you are wrong. there is one more option. and that option is US go to war with a wealthy country with a lot of natural resource and US need to be sure US can win the war and then steal all the wealth. But that mean ........... you know what. Of course US will use all kind of excuse like they used the excuse for Iraq war.

  • I respect that you're thinking outside of the box. However, even of the US invaded, occupied, and nationalized the oil fields of Iraq, Kuwait, and Saudi Arabia, the revenue would still be less than $400b--the deficit for 2008.

  • come on, if US start a war with OPEC countries, all the debt to those such as Saudi Arabia wipe out already. plus the affect of war is really more than you think. but I do not think this is possible. I mean I do not think US will go for a war because if it doesn, I am sure China and Russia and other countries will stop US doing so unless US have a very good excuse. Plus I believe US citizen will stop US government doing so.

  • As much as I love a good conspiracy theory, I don't credit these idiots with any measure of forethought (nor do I concede that they're sociopaths...). Everything is a daily crisis that needs to be addressed at the expense of the future--long after they leave office.

    Narcissistic for sure, but sociopathic is something else... as you pointed out, however, the results are probably the same either way :)

  • saxrider, I accidently deleted your post. I have a copy here I was going to send you in a message, but you have "friendlock" on, so I'm reposting it here:

  • FROM SAXRIDER: 90% agreement here. but i think you understate our foreign policy costs by stating a number for iraq only. this country spends more on the military and the military industrial complex then the rest of the world combined. our foreign policy spending would be sum total of all our military involvements everywhere, and once our soldiers are back home, we don't even give them the proper care, and cover the costs of the physical and mental wounds they have endured. anyway i digress.

  • Go to 2:34 and pause

    Defense, like you say, is a huge portion of our budget. There's a really cool military lecturer (lectures TO the military) you should check out named Thomas PM Barnett. He said that if we just wanted to have a purely defensive force, we could get by spending half what we do now.

    Even so, that's only a 10% cut in the budget. Realistically, we're probably going to need 20% at the very least--more when our credit goes bad (see part 1 video)

  • nice, some sane thoughts on this subject afterall

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