US Railroads A Disaster, While Goldman $$$acks America

[DAKMAIN]

This guy is just pissed because he's too broke to fix the AC in his car.

[ALS2001]

Did you get kicked out of the engine facility, you know you were trespassing and you could have been arrested. Poor Economy or not, Railroad Property is STRICTLY OFF LIMITS

[stresmanagement]

The Fed is doing a pretty decent job at staving off DEFLATION through quantitative easing (buying up asset backed securities).

Anyone who follows The Fed closely can tell you that it has a pretty good handle on inflation. Don't get financial advice from these internet casandras.

Final Note: If you're really concerned about inflation, Real Estate is a great inflationary hedge. Ask an agent about short sales in your area and pick up some properties while the getting is good.

[CmdrTobs]

I agree, the real economy sucks, in fact the real economy has been in resection for years.

[SLOPPYVOMIT]

I think the economy will be fine as long as this guy keeps driving around the country. I think ill buy fuel stocks.

[golfprobro4eagles]

This rally matches up perfectly with the 1929 bear market rally to the day. Check out the charts scary. We are within a day or 2 now of the 1929 crash. 8/11/09

[tim9798]

Hey guess what? It's not 1929! Who knew... But by now you must have already seen that.

[GemHudson]

What we exported on the slave trade so tha they can import on the NAFTA super hyway right back here to an nation of Wal-Mart shopkeepers. Now that we want to export his green sprout so that he can import the nafta auto parts to assemble his Obama-mobile here in the U.S. of A.. Where did we hear this before?

Then Obama export right where he imported the parts so that we can all breath cleaner. Because what Obama is selling, we're paying into his discounted ticket price.

[shacats626]

check out zeitgeist on you tube

[tuktukktotam]

466 out of SP 500 companies have reported bigger losses or lower earnings

this bull move makes no sense whatsoever

it rallies on better than expected unemployment crazy nutcases , unemployment simply ran out for many people , they re still unemployed

these sore money hungry losers need to get a grip on reality

[Ape65]

Don't forget that over 80% of forclosures are concentrated in 5 states: California, Arizona, Nevada, Florida and Michigan. The official unemployment rate varies from 26% in Fresno to less than 4% in some parts of Iowa & North Dakota. This recession/depression is highly regionalised, and you are located in one of the worst-hit areas. As Asia recovers, commodity prices will recover, and the central part & NW parts of the US will recover while the housing bubble areas will continue to suffer.

[whiteguypl]

Im confused, there was a little child in the back seat on the way to the railroad.... Shes gone now...

Murderer!

[Cherokee15676]

Seems odd that Warren Buffet purchased over $270 million worth of BNSF rail shares, no? Perhaps they are gong to turn them all into FEMA cars and the rail roads will be busy again

[floatNthru12]

I WANT TO SELL MY SOUL TO GOLDMAN SACHS!!! (lol! not really I'd rather be a farmer and disown this fucked up society)

[jblcva]

Economic recovery, these thieves don't

start spending our money until 2011....

[baypos]

pump and dump, insider stock trading huge!

[sideslide23]

If the recovery doesn't happen or we don't get out of recession at all then we would have to evacuate, buy a one way ticket to Australlia.

[tonapah141]

Tha satanic bilderburg economy isn't popped-up w/Heroin,,, it's popped-up w/death-meth... ha...ha...ha...LoL.... And the merchants of the Earth wept of her death... for mystery Babylon shall be made desolate in one hour...

[lindabebe835]

Can you believe people actually the economy is recovering. How in the hell are in you in recovery when 675k or so people losing jobs each month. B.S. Keep telling the truth George. You are right on.

[USAPatriot1966]

Wnat Answers watch the End Game and the Obama Deception Videos!

God Bless!

[kancerzx]

Damn it sucks to be an American

[canuck350]

In 2008 under Bush the Deficit was 850 billion. In 2009 it is expected to be 2 trillion. In 2010 it is conservatively expected to be 2.5trillion. Goldman Sucks and JP "rip u off" Morgan run the show!

[jblcva]

Goldman Sachs was bailed out in the 90's

under Clintoon....and the gop.....

[damianplus]

The deficit will not double; with his new health care plan, tax the rich policy, and tax on carbon etc. he will get some money back out of the amarican peoples pocket whether they like it or not.

God bless

[hpd707]

Fricking awesome video.  Right on, brutha!

[eurogoldexchange]

Don't eat damn fast food!!

[lrvives]

obama is always telling sad stories to make us decide for more bailouts and nationalizations......

i wish obama would take your story and think about it......he's ruining us!!!!!!!!

[cincinnatusnow]

the economy does not have a disease it has parasites that will not leave their host-America.The parasites like Goldman Sachs will destroy their host and look for another-if we do not remove their blood funnel to tax payer funds that keep them alive-at our expense..

[Fockersnextdoor]

I am not buying consumer products until Pelosie, dodd, and frank are out of power.livin like a hermit till 2010.

[stewart0312]

I always knew Pelosi was a rat but had no idea that Dodd and Frank were as bad till after the election and after the CEO bonuses scandal.

[WarrenERock]

Banking establishments are more dangerous than standing armies. ~ Thomas Jefferson

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power will endeavor to prolong its reign by working upon the prejudices of the people until all the wealth is aggregated in a few hands and the republic is destroyed...God grant that my suspicions may prove groundless. ~ Abraham Lincoln, in a letter to Col. Wm. F. Elkins, Nov. 21, 1864.

[WarrenERock]

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist...Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together. ~ Dwight D. Eisenhower, 1961

[ducklamb1]

very very right george.amazing how many people are blind to these facts.

[KhmerSerey1]

Oh hey KhmerD0G,i'm Khmer also,you enjoyed watching George channels too ?? George kept us informed with the latest news,first time i seen any KhmerD0G on George channels ;))))

[chingon711]

if the govt bails me out, pays off my mortgage and credit cards, i would report a profit as well.

[KhmerD0g]

u are filming train area, prime target for terrorist attack. did u get stop by the NSA?

[Pnkbong]

I love trains.

[powergirl901]

George, this has got to be one of your best rants if not THE best one.

Be careful when driving because we know cell phone use causes accidents, but the jury is still out on You Tube ranting.

[chena3]

mmmmmm...

heroin baked parsnips

only in amerika....

[dixiegirl999]

Everyone needs to take what money they have out of the banks and let them all crash. They are all corrupt and we don't need banks.

[Wivanunu]

This economy isn't going to come back. The government is corrupt and if we fight back martial law is in place. Don't forget that we are at pandemic level 6 right now...why?! Because all our rights are taken away...the constitution means nothing....innoculation will be forced...and martial law will be the norm. We are in end times.....

[slobomotion]

I haven't seen graffitti on a train for 15 years -- I'm in France.

Great posting, George.

Greetings from Europe. xo

[shrugsquats08]

terrorist within.the people who distor they own counter is a terrorist

[Anothercoilgun]

The profits are all ill gotten gains. Always has been always will be.

[veritasfiles]

Good video George. I think they're just trying to enrich themselves. I'd like to know how many of the Senior people in all of these companies have 2nd & 3rd homes in foreign nations like England, France, China, Japan, Singapore, Australia, etc...?

[ghosty426]

Good Morning America how are ya? Say don't ya know me I'm your layed off Son. I've been looking for work since November. I'll be another $3 trillion in debt before the week is done.

[TheLiberalssuckdick]

JP Morgan Chase and Goldman Sachs are running America.

Lets not forget, Jamie Dimon the snake is Federal Reserve bank chariman or something like that

and well, we have former Goldman sachs employees all over the government.

[valhala56]

hhmmmm somebody commented on the line at the start vid asking if it was a bread line?

Maybe the Goverment will setup all the fast food joints to be the new bread lines. You will get coupons in your email for free burger/taco whatever.

Just a thought, I have no clue if this is the case.

[countryhorsefive]

I don't think that would work because then the paying customers would no longer be willing to pay for what others were getting for free. This would hurt the fast food businesses rather than increase their business. In fact, it would cripple the restaurant business. The soup kitchens and bread lines would need to be far away from the restaurants.

[valhala56]

I was kinda of speculating althought nothing surprises me anymore. Everywhere I go everybody has a dour look on their face, it could be me I don't be it seems as if everybody is waiting for the other shoe to drop.

Some people have expressed anxiety about the collapse wishing the worst would already happen so they won't have to wait on worry.

1/2 the country is ready for anything and the other 1/2 is asleep at the wheel.

[albc1964]

True about the frieght railroad shipping business. I work in Crystal City office park area located in Arlington,Va. I use to see long lines of freight train traffic passing through,like long lines of Tropicanna juice rail cars, ten to 17 times a week. Not any more..Right on target George!! about the freight train traffic Peace!!

[chena3]

sneaks up behind george

and whacks him with

a heroin covered parsnip

might hurt initially ..

but later on

you will learn

to like it ..

companion planting

opium and parsnips ....

[countryhorsefive]

Cheeseburger and fries isn't worth $2.70 because it has very little nutrition, just a huge amount of empty calories. This is not a special deal, not a bargain. People need to understand this.

Global shipping has collapsed, so you would expect railroad freight to fall proportionately. China is in trouble too.

Recovery? Uhuh, jobless recovery. I believe the collapse is half way down now. I believe the DOW will reach 5000 in 2010. I hope I'm wrong.

[countryhorsefive]

George, can you see really fugly icebergs ahead?

Thanks for another great video :)

[albc1964]

How very true on the first paragraph; One has to realize health costs can do consideraly if #1..People paid attention to what they eat and excerise. #2. Attack the fraud and waste from Medicare down to local doctor. I use to work security at a Social Security office in Arlington,Virgina. No Lie but I became of many times benifits fraudently applied. Many liars got away with it. When I traid to stop it; Recieved death threats. Remember its just one SSA local office. Send Comment

[countryhorsefive]

The point about food is really that we don't need to spend so much $ on food. Half the world's population lives on rice, lentils, and bread, because they are too poor to be able to buy anything else. They don't eat beef, chicken, pork. You can eat a large meal of rice and lentils with curry spice for about $1 or less. This meal would have more nutrition than almost anything else. In terms of nutritional value per dollar, the most powerful foods are lentils, pinto , garbanzo, and kidney beans.

[szzlrfrank2003]

This is our last gasp of air before we sink!

[deb310red]

The economy's not recovering. Hundreds of out-of-work college grads show up for "job fairs" at fast food restaurants.

[kryogenikz]

Very true!!! The mom and pops shops have to come back and need our support!! No more walmart!!!

[rapidcadence]

It's my understanding the bank of Amer. posted sig.profits from trades in stocks- I believe the stock market rally is reflective of all the banks with all the fed proceeds manip. the market

[odin422]

make YOUR OWN food

[manicbuyer]

..the stock market and the economy are 2 different things. During the Great Depression they had rallies too. I'm doing a short sale with Countrwide ( BofA now ) the person I spoke to yesterday said don't believe the news on housing recovery, we're seeing more distressed sales than ever.

[ardentsentry]

i just hope that they save the IRAs and the 401Ks, people put their hard earned money into those

[thedeadtellnotales]

Not gonna happen. Its just not possible.

[dabruin2]

Drove up to SF yesterday. All along Central California, I saw signs on barren fields (some with groves of dead trees) saying "Congress Created Dust Bowl". Just seemed greener the last time I drove up. Food shortage imminent perhaps? I'll be sure to investigate on my way back down.

[Peridolin]

Water wars - Part 50,000

[bnash2002]

the average person is gunna freak if we retest the lows. 401k's will be dumped at the lows and another free fall will start.

[tlaz54321]

Awesome!

[SKAMP57]

Nice rat a tat tat delivery.

Was that a bread line at the beginning?

[valhala56]

Yeah he does have a great delivery. Obviously would have made a good MSM reporter. Luckily we have him on the alternative media.

[280GTXXX]

"are they playing wallstreet casino the game ?" xDxDxD

[valhala56]

This is Bull Market Rally reminds me of British PM Neville Chamberlin announcing "We have peace in our time" months before Europe decended into the largest war mankind has ever seen.

This phony recovery is very much like the phony peace preceding WW2.

Goldman Sachs like Hitler is devouring America in chunks and being appeased as to big to fail.

Somebody with the guts of W. Churchill needs to stand up to this madness.

[jonpaulvd]

I think they will suck the liquidity out of the system again (as denniger wrote about) then demand a bailout (the banks). So, everyone should be ready for a localized economy. Gold cannot be really used for much unless the masses agree that the current system is flawed. I think most will never come to that realization - because they are to stupid.

[pfowler20]

gs and jpm will be on the right side of the trade on the way down. they are in the know.

[pfowler20]

the stock market is manipulated for the big boys to make money,

[SheepDoggOne]

~Excellent information and from a excellent source. George you are truly a real reporter. Much respects. Off your ass and in the front lines, just how a real reporter should be. Thanks for all the hard work.

[TBA4Freedom]

We have lived here in Columbus, Ohio for 15 years and the train ran constantly....well, they shut down our train yard 2 months ago.

[powermousey]

I'm just wondering some things after watching this video: what will happen when theses various transport and delievery systems have less business and less products to transport? rising prices of goods and services to run,maintain and operate these delievery systems? and even situated with either rising or declining gas prices? more people with lesser income and spending of what they have more on basic necessities? more people with reduced work or even out of work?

[nailerfx]

Give me 12.9 billion and I'll show you a profit of 3.44 billion. This is insanity.

As for Martial law, I see it comming by mid-Oct when they try to start madatory swine flu vaccines. I think then the people will have had enough when they want to inject you with untested crap. TICK-TOCK

[BlacksAreBeautiful]

i would suggest people be extra mindful of these cheap, fast food deals being offered..I realize the "price" seems right, but this is a time where physical health is as important if not more, than financial health!!!!!!!

[martialarm]

Damn you ended strong on this video. Well done.. You betting black..

[martialarm]

What percent is that heroin you mentioned?

[martialarm]

What percent is that heroin you mentioned?

[prescottbill]

Goldman Sachs is "the house", "the dealer at the black jack table" the odds are in their favor, and if they lose their friends at the FED and Treasury Dept. bail them out. Max Keiser has done the best job of exposing the GS criminal activities.

Jim Rogers has spoke recently about farmers not getting credit to plant crops or buy fertilizer. I think you will see a dramatic rise in food prices over the next two years. Stock up now while you can, starvation is a bitch.

[shoeman3434]

For those who've yet to realize it, THERE WILL BE NO RECOVERY. We don't make anything here, so there's no way we can pull ourselves out of this death-spiral. Our country has been torn limb-from-limb with NAFTA, GATT, and other programs.

This is the end of the United States as we have known it. There is hope, however, and that hope can be found in Jesus. He's the only one who can help any of us through the difficult times ahead. I encourage you to give him a chance.

[carmenlee87]

There is a lot of talk of buying gold. But it sounds to me like another asset bubble is building. Dont put all your eggs in one basket people. The IMF wants you to buy gold to push the price up. Then the IMF is going to sell. Think about it

[budb11]

I hear China will buy all the gold put on the market.

[opponoastos]

More than half of the hump yards in North America have closed in the past 25 years. From 152 operating classification yards in 1975, the number dropped to 122 in 1985, and 72 by 1993. In 2002, there were 59 active hump yards.

The reasons for this decline are many, and touch on some of the major themes of railroading in the past quarter-century: new technology, mergers and consolidations, and the shift in traffic from boxcars to CONTAINERS, to name a few...

From Train Magazine (7/06)

[mrzack888]

I m in Chicago and I work at a customs broker house that clear ocean freight and air import and exports , and suddenly last 2 weeks it's been DEAD. the boss broker said she has never seen anything like this in all her 20 years of working in the business. so slow.

[dixiegirl999]

Probably because the recession is over and we are in the beginning of a depression.

[banpris]

g4t you're showing your awesome talents day by day. Keep up the good work.

GET MAD god dammit GET MAD.

[ppsychol]

Wall Street casinos are still legal

[Crow4gold]

"Whoop dupdeedoo". I like that Statement. So true. Keep up the great work George. You are a true Patriot.

[psxwarrior]

Is it really 2 trillion, George? Sure it's not 20 or 30 trillion, or maybe even more?

[psxwarrior]

Dang, your most hard hitting video yet. Keep it up.

[eddivision15]

Isn't " bad asset" an oxymoron?

I have a saying " Assets can quickly turn into liabilities if your not careful". Think about it. Even to much gold in your pockets can turn into a liability if you fall overboard.

[shoeman3434]

no, but "jobless recovery" is.

[wildflowersandi]

thx very much George. Stay Safe!

[mja2035]

Hi George, As usual another great video, keep it up. Thanks Mike in Colorado

[iammci]

Thanks George. Love the updates. I don't travel all to much, but it's great to see what's really going on, where ever you visit across the states. The saying so goes California goes the US, is particularly important. I like the Cali updates to know what's going on, and what's likely coming assuming some areas aren't there yet.

I know far too many people that have no clue what's going on outside of our local area.

[dweber66]

not even close to bottom or recovery, goldman sucks is completely criminal

[ShakeitUp09]

Freight trains = Baltic Dry Index

[chena3]

george

just thinking

you could put

alot of parsnips

in your mini van ..

woof..

[dweber66]

IMPEACH obama now while we can, he is a goldman sucks whore

[smhutson]

GoldenBallSacs

[Exile2526]

He's talking about fiscal year 09, but I agree with him. By Obama's first term, it can exceed over 4 trillion dollars.

[dixiegirl999]

That's if we don't get him IMPEACHED.

[haole80]

our first black president could be our last black president...

[metalplace567]

golden sacks lol

[InflationUS]

lol...luv it

[psxwarrior]

We all should really call it goldman sucks.

[jonah70757]

I certainly do and in addition I pray every day a big bomb goes off in their basement while they are having one of their fat cat strategy sessions on how they are going to milk this country next.

[143DREWID]

You are 100% correct, whoop dip de doo @ 4:01

I think heroin into market, crack to the masses.

Whoop dip de doo!

[grasshutz]

george as usuall, your right on the money. (or lack of it) This is really showing the power of the media saying that there is a recovery, while the people are still hurtin. its a total smack in the face for the people. I think this is showing the total disreguard for the people by the powers that be (gov't and its controll) Like richard martin said, "These people (govt) lied to you, and they'll continue to lie to you untill they have cleaned you out ladies and gentlemen." THATS THE TRUTH!!!!!!!!

[InflationUS]

slap in the face is correct

[midevalcheese]

Have you seen any military in Cali after the NLE 09 started?

[dixiegirl999]

I agree. I don't have a dime in the stock market and never will again. It's only a game so they can suck everyone dry again. People that don't see it will soon lose more or all of what they have.

[whiskerchild]

Thanks George, we rely on you.

[MrHelldogger]

More people need to be concerned with your message than "health care".

[InflationUS]

health care is a mess too

[midevalcheese]

4 trillion?

I thought it was already 23.7 trillion.

[edmack4me]

It is 23.7t

[InflationUS]

are we talking about the same thing?

[edmack4me]

Yes, that's the total exposure from all govt fund sources re TARP - see Barofsky (think i got name right) special inspector generals report (on UT).

[midevalcheese]

ok thanks

[frontier1701]

G4T..... Once again, your "Boots on the ground" reporting blows away the media whores at CNBS

[Hybrid5226]

tjhanks

[InflationUS]

no prob