US dollar sucks and it is a purposeful effort on the fed and these socialists in washington (I am actually being kind here, they are worse) to destroy our financial foundation.....looking forward to more of your videos...
Just discovered your channel and very impressive. I liked your 5 tags and am a SW architect/contractor to US gov......so many problems ahead for US...
You have no idea how scary it is to be the youth in America right now. We have to fix these idiots' problems. Now Obama is having more money printed. The plan he's going for can work, but it's very rare. Something like this happened after the Civil War, and failed. Another president tried it and it barely worked. We'll probably get an inflation and the plan will have an oppisite effect. Prices will actually be higher, and then we'll get further down in our hole we're digging ourselves. Great...
It sort of worked in Nazi Germany, untill tthe crediting became so out of balance. The Nazis increased spending fro 0.8 billion to 17.2 billion by printing, some even argue it's what caused the war.
People are convinced that investment property in australia is the best option now due to the favourable negative gearing laws and that the gas projects will sustain a new boom much like we had from 95 to 05 (both because the economy generally will boom and because employment will be strong.) And also that currently rents so yields are high and rates are low (now rising again but need to hit around 7% to make it a negative option.)
How would anyone counter all these arguments, in favour of PM's?
alternative theory: many new mines "found", russian sells 50 k gold, everybody sells, the market flooded with gold. all countries flood market with fiat currencies buying gold, the dollar soars,but gold drops to 800 in one day.. &.the flat bicycle tire inflation theory works..you know, pump the country full of freshly printed dollars and the economy starts rolling. this is the oct. event. oh, and obama tell the world there are aliens among us.
I read a book many years ago by Earl Weaver, manager of the Baltimore Orioles baseball team. His teams always had the the best pitching- ie: (4 20 game winners in one season) There is a pix of him and one of his aces- Jim Palmer in a critical game- it shows a fatigued Jim Palmer looking at the bullpen wanting to be relieved- Weaver told him: "Quit looking at the bullpen, there's nobody better than you over there, so finish the game" Honestly John, nobody is better than you- Your the ace!
"END", Ripple effect = China emerge as New Super Power,(Uk is already on borrowed time) £ will go first to euro & Us$ will still survive. Commod"s will have serious price issues globally.
Its an over populated planet, H1N1 Vac's are the NWO cure.(over years)
Codex to control global food borders (signing 291209 I think)
In The Next few years "NOW" will be a life time away
If the dollar continues its way down but doesn't collapse, you'll probably see Europe and Asia start to print more money to get the currency back in balance with each other. However, that would be a false reading of the dollar index and all currencies. Ideally, we should have a world reserve currency pegged with gold and silver.
Hey John, for the record, what do you think of 'elliotwave theory', does it seem to offer useful indicators as a technical price indicator in your experience? I'm not sure you've mentioned much about it in the technical analysis you've walked us through in the past, so do you not find it very accurate? and if not, what technical systems/tools do you suggest a beginner to start to learn, preferably in order of high percent accuracy to lower % accuracy? if your willing to spill your secrets?;)
Kevin Rudd and Corporate Media won't agree with doom and gloom economics. Everything is great and people are investing, trust them, they work for the Bilderberg Group. Good on you son tip tops the one. And he tipped his hat and said ' happy motoring..... Just remember that the revolution won't be televised.
Crime in americ will sky rocket while people are getting kicked off of unemployment benifits while at the same time jobs are not being created. i see more police in the streets etc etc. I also see more manufactureing companies start to re-open in america over a weak dollar. I see very high inflation at first due to everything in america is built over seas, but as time goes on, i see americans to once again "pre ww2" building their own goods alot more etc which will caouse prices to stable
The'Foundation for the Study of Cycles'is picking silver and gold to hit a high in 2011 with the USD at a bottom in 2012.Robert Prechter also believes that the elliotwave pattern that he see's suggests the depression will bottom out around 2012.But it makes sense that if their currency collapses as a reserve currency and as a local currency then it may hit a floor,and if export of their cheap goods picks up, dollars may again be demanded,but perhaps fall under another currency by then?
And, when our currency does fall I expect enormous shortages of everything from oil, food, resources, metals and a complete halt, temporarily, to commerce around the globe. It wont be long though before the international community begins trading in SDR's, especially resources, and metals skyrocket. Only when the event takes place will the U.S. bullshit economy trully be revealed. I expect a series of catastrophic events happening in concert, making us again totally dependent on government.
The dollar collapse will be preceded by an enormous "event". A 'terrorist' attack, natural disaster, war or some kind or occurence the power can blame on. The headlines will read, "America was on the brink of recovery but those damn Iranians attacked us. War!!". I think this is the most likely scenario, an excuse the power will use for years to come to deflect the blame off their shoulders and reason for war.
...mankind to collapse to the ground due to fire - steel frame buildings NEVER collapse due to fire or earthquake, and even if they are consumed by fire, the frame remains standing. It also fell at the speed of gravity, basically, meeting no resistance on the way down, which points to demolition and the secret government manipulation of global events on a truly dark and sadistic level...
...But I think the US will have much less wriggle room this time, because their credibility has been shot to hell through the Iraq debacle. There are only so many times you can pull the wool over the world's eyes and move against a nation preemptively to protect your economic and resource interests, using a false flag act of "terror" as an excuse. It is worth mentioning here that World Trade Centre 7, which was not hit by an aircraft, was the only steel framed building in the history of...
...economic or geo-political events, either genuine or manipulated, then we could see a situation as volatile politically as the moment, at the beginning of this decade, in which Saddam Hussein decided to sell his oil in euros. The impact of the dollar collapse will hit the media not as an economic story, but as a trumped up geo-political one. The word on everyone's lips will probably be war...
Hey mate, always good to get another blast from you. I will have to post this comment in sections.... I think the story to watch if the dollar really declines any further will be the obvious effect that will have on nations buying oil in dollars. As has been widely reported, China, Iran, Venezuela and Russia have already begun contingency planning to buy oil in a 'basket of currencies' rather than the dollar. If they are forced into that decision early by...
I think you are going to see a halt in the purchasing of foreign cars in the States. The prices are going to get too high with the higher importing prices. We are already having signs of Toyota having problems but soon this gov policy of wanting inflation is a roundabout way of getting isolationism without actually saying that is your policy.
Great update. Thanks John! It's 7 a.m. in the States and Bloomberg's reporting the dollar's rallying against the yen and euro... but it's 75.34... so that seems more like a fluctuation than a rally. peace.
your absolutely right.....geoff and brian are fantastic...great to deal with!!!!!...go silver go!!!..just buying as much silver as i can get my hands on!!!! good on ya john....keep up the good work!!
the idea that energy sources are moving out of the USD-dominated pricing schemes, propped up by pentagon, etc., is gonna account for any progress short of violent changes, but don't count on that alone as you sort through the malarky that truly is our common currency of late, aside from many--and sometimes contending-- good intentions, etc., while making plans, etc.
Taking geopolitics,prophecy,and human history into account,I believe all the worlds currencies will head towards a'centralized'world currency,under a 'centralized' world govt,then there will be no comparison to gauge when this single currency is being inflated to the great benefit of the world govt and loss of the people,as there will be no other currencies to strengthen against it,gold/silver will again be confiscated from the masses,while rising retail prices will be blamed on supply problems
I agree....It will get bad and then the people will be softened and beg for world leaders to solve the hardships. Solution will be no more money, just electronic credit system controlled by a super computer a mile under the ground in a mountain somewhere.
Once the citizens(tax payers) can no longer leave the control of the govt that gets paid the taxes,then there's no longer any need or motive to be'nice'to the people,and govt's are like companies who want larger market share,but have armies at their disposal to take this larger market share of peoples labor and resources,and with the RFID chip and ink technology that is already being used under the skin of dogs(in Australia)your chip will the 'choker-chain' to do what your told or you starve
so if there's is world govt, you can't exactly get off the planet. So if any attempts at world empire and control from the past are anything to go by, their will damn sure be people right now trying to truly have a full world empire under their oligarch control. Check out a few videos of interviews with Aaron Russo about his temporary close friendship with Nick Rockefeller(he has a photo taken showing the two with arms around each others shoulders),world govt and RFID chipping is the final goal
Aaron Russo had cancer at the time of these interviews,and wanted to get the truth out since he had nothing left to lose,he has since passed away from the condition
If the USD falls, then their purchasing power falls with it and so does their ability to consume,so the countries that have been producing all the stuff that they consumed will experience job losses etc...and any country that supplies these producing nations with resources will experience a deflationary slow down too,reducing tax income for the govt's which may have debts incurred during a more prosperous time in the past encouraging currency printing to inflate,or govt defaults like Iceland?
I think anything that discourages the western world from unsustainable consumption is a good thing for the world. We all need to stop buying all this "stuff".
I think we all have to stop getting into debt to buy all this "stuff", the problem right now is the expansion's and contractions of the supply of money/credit. People get into debt to buy things at higher prices than others are willing to borrow, and when debts become too unsustainable, the bubbles collapse reducing the money supply, and making it too hard for those in debt to get their hands on enough money to service that debt..so the banks take the asset off them.Bankers use debt as a weapon
This is the game the banks play, they give us paper with numbers on it that the masses have been hypnotized into valuing as money, and on top of this lend this paper out too, then contract the paper supply, so they can cause defaults and take real things off people, slowly moving more and more real wealth into their possession,then reflate the paper supply again etc...but if no one borrowed, they'd get nothing at all,neither interest on the paper,nor the real wealth of the people.
if no one were to be in debt, then no one would lose their assets over the long term, because if the paper supply contracts in half after you buy an asset,and then sell that asset for half what you paid for it,it makes no difference to your purchasing power,because everything you would spend the money on is also worth half of what it was.But still, the problem with paper is that you can't store your wealth in it while the paper supply is expanding,the purchasing power of the paper is being lost
But the point is,if the paper supply contracts and your not in debt,you don't lose the asset, because you own it outright,and if gold/silver were used as currency again the money supply couldn't expand and contract so easily as it does now and pull the rug out from underneath anyone who does happen to be in debt.And then on top of all this,if the govt issued our currency themselves without borrowing it at interest,we wouldn't need to pay income tax anymore either..but that's another story:)
@mlndstream actually, years ago, about 40 years ago there were American bills issued that were called "United States Notes"....not federal reserve note...although they were in circulation with fed res notes. The U S Govt issued them without any association with the Federal Reserve and paid no interest on them.
If you don't already know,Pastor Lindsey Williams alleged'insider/elite'friend,has recently told him that the USD will be worthless by 2yrs time,and they will be so poor they won't be able to start a revolution,and that this elite friend of his said that only gold and silver will matter by then,and that gold and silver are the money the elite already use amongst themselves as it is their money.Also,3 seperate wars from middle east to eastern europe to asia minor will begin in 2yrs time(WW3)
The effect would be increased prices in the US for everything from food/oil/electricity. As inflation continues to grow, inciting food riots and civil unrest around the world, the idea of having currencies that prevent the governments of the world from inflating the worlds currencies becomes ever more enticing.
Gold/Silver will go from a commodity status back to monetary status (linked to a currency).
I think this is a good analogy of what is going to happen:
Its like one of those clock springs that you can only wind up so far, then it cant go any further without either breaking or unwinding very quickly. Who knows how much more give the spring has, its a matter of time.
Once the trust of the dollar has vanished there will be no buyers and it is going to be very hard to regain the trust, even the states bonds will become increasingly use less. So anything connect to the dollar will be in great trouble until the connection is broken.
After attempting to regain the trust in dollar, there will be no option other than replacing the dollar. It is leading to major but temporary hick up in world trade. The world trade will probably shift into a new world currency.
The USA is a consumption based economy. so if the US dollar crashes it will mean there will less consumption in the US and as a result lower stock prices
Usually crashing the US market would cause a spike up in US dollar. The banks though have been the only buyers in the US market and most of the force driving higher prices on the dow. This has been one of the ways Big banks have been supporting thier balance sheets with the increased value of those assets so it's unlikely they will allow a significant fall in the price of those assets, hence no uptick in US$ price. Would crashing foreign exchanges have the same effect on the US dollar? maybe
For Aussies frustrated at the lock step moves in gold and aussie$ you should consider a silver strategy as it is more likely to see a spike in price without the corresponding spike in the aussie battler.
We've got about year or a bit longer before price inflation kicks in and really gets bad. Deflation will dominate during this period even as the dollar heads toward 40 on the index. Feul prices will rise but only to a moderately high level dispite a falling dollar as consumption/demand drops. Of course PM's will go much higher with gold hitting $2,000 before early 2011.
Also, farm subsidies to Big Agra from the US gov't are probably going to stop. Meaning they will be unable to sell grain at below the production cost which will cause grain prices to skyrocket and the 1 billion people who are at the brink of starvation will probably starve to death as food becomes unaffordable.
People who live on $1-5 dollars a day will also be driven to the brink.
60% of the worlds wealth is in dollars, so a lot of people will become poorer.
The Federal Reserve has committed to buying $300 billion of US Treasuries by the end of Oct and $1.25 trillion of agency MBS through March. They will finish buying Treasuries this week and have purchased $959B of agencies as of Oct.22. So they have roughly $300B of liquidity pumping left for the next 5 months. Unless the Fed raises these limits, the liquidity driven rally must die. Pumping rate since March: ~$150B/month. Pumping rate from here on out: 60B/month.. Buy stocks at your own peril!
SAN FRANCISCO (MarketWatch) -- Gold futures closed lower Thursday as the U.S. dollar gained on concerns that Chinese government policies could cool a global economic recovery, reducing gold's allure as an alternative to paper currencie
Hey great points and research there. This makes a lot of sense although I really cant imagine the US admin halting when the very news of this would send the market into a tailspin. Maybe reduction in pumping rate to 40B/mo sliding down to 20Bmo for the next few years.
we should stand tall in the face of adversity and come to the realization we are not in this together, we are bound by fate to become a selfless and autonomous entity. our compassion is not dictated by a Government structure or by a feeling of charitable omnipotence. That is our gift to society, expecting nothing from anyone but ourselves.
The dollar and any monetary currency has people as it's foundation(not precious metals), we won't fall. JV
I can't wait to hear the fine folks at cnbc talk about how wonderful things are when the DOW hits 20,000 in 12 months. If people can't afford gas there will be riots. Imagine the family that gets evicted b/c fuel ate their paychecks. It will be a bad time to be driving a status symbol or appear to have anything of value for that matter.
I've noticed grocery(and retail) stores here in the U.S. having significantly less stock, to the point where it's very suspicious. I am an armchair economist, so to speak. This may be a snapshot of things to come. If I had to guess, we would see the price of things go up significantly, some items being more scarce/unavailable. Obama just said today he wants another stimulus. This will, in the long term, cause us much more harm.
I've notice it too. But have you notice when jobs(plants) inventory become less, they are usually downsizing, and getting ready leave(shut down). I hope the stores arent getting ready to leave(shut down), if so they should tell us ahead of time, but they wont. A lot of times they themselves(workers) dont know. Well some things they dont have to tell us, if you know what the signs are, and where to look for them, then you can figure them out yourself, and be ahead of the game. you can warn other
A Perfect example of the Technical Indicators as being useless when it comes to the collapse of the US Dollar.....They will "Pull it" when They decide:(
As dollar declines, interest rates will go up. Here, in SoCal, real estate is a disaster right now. I can't imagine what it will be like if rates go up. I'm sure the real unemployment rate in CA is 20%, easily. During the Depression wasn't the unemployment rate 23%? Obama can't do anything about jobs, so all he's doing is throwing distractions out there, like
My greatest concern, should the dollar collapse, is with prices of food and energy. We import a fair share of both; it could be difficult for people whose income lags the inflation rate to heat their homes and eat a healthy diet. Conceivably, countries exporting food or oil could coerce a desperate U.S. in terms of foreign policy, too. And, I wonder how long it would be before those of us working more and more hours for purchasing power declining faster than now would finally reach burnout.
with obama signing that treaty in december or he suppose to be I think they may crash the dollar before December - I lot of people think oct 25 from web bots but I think with this treaty they will crash it before hand so people wont focus on it
no worries, stay strong and realize it's not a piece of paper that drives the world but individuals with the hearts of lions. that heart, not gold or some suspect investment, leads us in times of turmoil.
the leadership may be wavering now so that's why it's imperative we understand a genuine individual leads themselves. we don't look for a savior, nor do we despise a person of admirable character who can awaken responsibility in a society....cont....
It really depends on the speed of the US$ decline IMO. Remember, it is not just the US$ that need to devalue, it's most of the currencies in the developed world.
If the decline is too fast I would expect massive price falls in many assets and huge price increases in food and other essentials. Many int companies hold US$ and a rapid decline would result in these companies needing to raise capital...fast.
The speed of the US$ decline will be controlled by the creditor nations.
No idea of what US dollar collapse will cause as I don't really understand relationships of US dollar to other currencies and don't have a clue how many global investments there are in the US dollar.
If the dollar collapses it will cause chaios in the commodities trading markets because no producer of any commodity outside the USA will want their commodity priced or sold in US dollars. There will have to be a new pricing mechanism for commodities and the only way to resolve that problem is to go to a commodities back currency/monetary system. The powers at be will throw ever thing at this crisis to avoid that though. So just remember the end game senario and buy gold and silver
Since the US virtually overnight doubled the money supply to stimulate cashflow in their frozen economy - all else being equal, shouldnt the dollar drop by 50% ?????
last time the dollar went down to 74.9 was two years ago feb. it only took one month to fall to 71, march-apr. at that point the dow started its downward spiral and silver was at 18. does this sound familiar. what will happen this time is my question?
Geithner said though that they would continue to bail out the banks through late 2010. I hope he's just kidding though because if he is serious, I would hope to see some sort of revolt from the Americans. Enough is enough.
I'm in S. Calif. The commercial building failure is already here. You go up the street of my town, and every other building has a "for sale/for lease" sign on it; even the shopping malls. "For rent" signs on a lot of the houses.
I'm in Southern CA too and this is true -- everywhere I drive, every week, it gets worse and worse -- more houses for sale or rent, malls emptying, and even bank buildings emptied. Long relatively new strip malls with only one store left, etc. It's very surreal, don't think I've EVER seen anything like this before and I've lived here for most of my life.
A weakening dollar could be very bad news for manufacturing in the EU. Quote from The Wall Street Journal:
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A senior advisor to French President Nicolas Sarkozy also said that "the euro at $1.50 is a disaster for the European economy and industry."
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Interestingly the concern is not so much with competition from US exporters but with China. Because the Chinese yuan is pegged to the USD it will mean that Chinese imports to the EU will get even cheaper and kill EU industry.
Well the main reason why the Bernake lead fed is loathe to repo paper dollars and raise interest rates to bolster the dollar is pretty evident. For one the bull market that they are currently having would end abruptly and you would see the market correct itself. So right now the fed is caught in a unenviable position of ending the bull run or bolster the us dollar. if you save one you condemn the other. They want so badly to make out like the recession is over......
War, the great "reset button"? I dunno if Barry Soetoro has the stones to push that button. The US is so bad and evil and selfish that it deserves to fall, after all. So why take steps to undo the damage all ready being inflicted in righteous punishment on the most shamed nation on earth?
Meh. War is the great enema, but only if the nation has the will to gear up to a wartime production economy. I think we lost that will a long time ago. ='[.]'=
There is no manufacturing capability in the U.S. anymore. It has been a 70% consumer driven economy. No manufacturing plus extremely expensive imports means no consumption... Driving the U.S. economy into the dirt, massive bankruptcies in retail, shipping, distribution industries. Massive unemployment, and a collapse of the extremely over leveraged commercial real estate market as a result. Then a lot of failures in banking where commercial real estate loans are involved. Taxes falling & us$
Why such a dark senario , why do you think it is a conspiracy , internet is a big rumor machine about conspiracy a lots of lie are spread , What are your sources ,,, Fear is a powerfull energy Truth is more powerfull how do you make the difference ??
No doubt Aussie dollar will rise more against US dollar in the short term but as Marc Faber recently pointed out oz housing bubble is much worse than US ever had. When it bursts our economy will collapse much faster than the US. So I look at US economy as prelude to what will happen Australia.
Quite possible- private debt levels are high. For the time being foreclosures are low as unemployment falls driving prices higher despite the central bank raising interest rates to 3.25% and indicting higher
DavidAKZ, people in US can simply walk away from home loans, we cant, so people will use other lines of credit (credit cards etc) to tread above water. I heard WA house repossessions doubled in last year but not seen data for other states. Not sure how they could actually decrease when in previous years they could simply sell and realize a 20% a year profit. I rely on unemployment data from Ray Morgan polls, they say 15.1% (1.684m) workers unemployed or under-employed in Oct. 2009.
DavidAKZ, thanks for the JP Morgan report havn't seen it before. It shows delinquencies rising not falling and their levels of house affordability is based on todays low interest rate which is NOT fixed over term of contract. So their graph only indicates how fast housing affordability will deteriorate when interest rates rise again. They can use all smoke and mirrors they want, situation is grim.
If gas is going to go up $10.00 a gallon, you can basically kiss America good bye. I can't see how people working reduced hours now (as if the norm, especially among government workers as one example) can keep up with these prices. They will be forced to choose between feeding the family or filling the tank with gas, and if they can't fill the tank, they can't go to work. Also, what about all those people who have to pay car insurance, etc. This is a nightmare.
That's when the US becomes a third-world nation, with everyone relying on bicycles for casual transportation, and communities restructured into smaller areas to accommodate close-to-home labor. Think Vietnam. Only they are coming up out of that, and are used to it, while we'll have a hard time adapting.
Or, we'll drill our own gorram oil, AlGore be damned. ='[.]'=
from a collapse? I wonder about this, as we look at things like Copenhagen coming up with regard to the climate. As we read about secret meetings being had between Gulf Nations and powerful nations of Europe & Asia regarding dumping the dollar. This idea of being forced into a global system of governance that completely supercedes the U.S. constitution is looking more and more plausbile. I have no idea what these things will mean for the global economy. I wonder what you think of all this?
Yes, I have looked at the evidence and it's sufficient for me to believe that the US Military has built a earthquake machine. However their is not enough evidence to prove they have used it.
They do have it, and also, as far as i know, they have used it plenty of times. China have blamed them for starting earthquakes over and over again, and they say that they have evidence to prove it.
But here is what I wonder about. If the U.S economy collapses or gets near a point of collapse, what will happen internationally? Will the panic that ensues from such a prospect motivate countries to come together and create a genuine worldwide governance structure complete with a new alternative international reserve currency? If so, can the U.S. transition or be transitioned into this new currency quickly enough to avert the massive civil unrest, death, and diease that will result CONT'D
The economic ramifications are many and probably too many for us to actually fully quantify. So many nations and central banks will begin dumping dollars. The idea of denominating oil and other commodities in other currencies will be given real legs and veracity in the minds of many. Whether the dollar declines in a slant or in an almost vertical fashion, I think the continued USD decline on the index will ultimately precipitate a general collapse of the U.S. economy.
It's probably a good thing to invest in commodity company shares that operate within your country. As the cost of import will rise, there will be more demand for local products than imported products.
Unfortunately that's when the idiot politicians will try to implement price controls on domestic producers. That ends up causing producers to go bankrupt because of high input costs on imported inputs required for their production.
Ultimately they will be forced to drop the price controls (after demonizing the producers of course).
We will be forced to watch while politicians make a really bad situation worse.
Three momentous changes will make 2010 another turning point in Australian history: the Aussie dollar at parity, the preparation for emissions trading to start in 2011 and surging population. The changes this will force on Australian industry will be immense. Export industries will come under sustained cost pressures similar to those that newspaper publishers are experiencing; retailing will boom as imported goods fall in price.
GypsyHustle, if all the money received for selling commodities was instead used to run Government there would be shortfall of 60 Billion a year. Real earnings is achieved by private sector importing debt to to purchase properties (homes etc) at prices manipulated by Government (restrict land, building codes etc). Unfortunately comes a point when the ever increasing property prices become unaffordable. Already we have highest house cost to wage ratio in world.
Food and energy prices will go up, especially to non producing countries like western nations.
Although, I think Australia won't do too bad in food and energy department. We have good agricultural and mining (coal and uranium) businesses happening within the country.
at present. things are made in the east and bought in the west. well this will not continue. a lower dollar will allow things to be made in the west too. it also would make oil more expensive so that might have a push to alternative domestic fuels. also if demand for oil rises globally this would affect global shipping in that things might become too expensive to ship. this would rebalance capital flows. the east makes the things for the east and the west 4 the west. make local-buy local
...wages will also be as the east...it would be the only way u.s. can compete...and i don't think americans are ready to earn 50 cents a day making Nike shoes for themselves.
We will have hungry people while we export food to other countrys who pay much more than we can afford. Unless the government puts tarrif of food exports, and even then, they will pay it .
good observation. Factory farms will definitely chase profits by selling overseas which means local consumers will end up competing with overseas consumers (who may have a stronger currency). This happens already where I sit - in NZ.
People must eat of course - so I bet small, local growers will rise to fill the demand.
askmeif, That happened in Thailand during rice shortages few years back until thai's protested in mass resulting in government banning all exports of rice. That's why I am not overly concerned with US people starving. US government doesn't want 300 million starving people with guns angry at them.
If economy around the world collapsing, banks and businesses closing down.
What will happen to Gold/Silver mining shares? Do you think ASX and NYSE will also close? And what will happen to people who own gold/silver mining shares?
AHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
tintsap 5 months ago
what happen?
NOTHING!
davidlee110 1 year ago
@davidlee110 yes, boil the peeled potatos for 15 minutes befor baking, good luck
inkey2 1 year ago
@inkey2 US dollar sucks, it is a waste.
davidlee110 1 year ago
WTF? The first 5:25 minutes is baically a commercial for Ainslie Bulliion...
The rest is a commentary about ceramic Canadian's eating metallic porridge.
Omnignosis 1 year ago
US dollar sucks and it is a purposeful effort on the fed and these socialists in washington (I am actually being kind here, they are worse) to destroy our financial foundation.....looking forward to more of your videos...
snapsmedia 2 years ago
Just discovered your channel and very impressive. I liked your 5 tags and am a SW architect/contractor to US gov......so many problems ahead for US...
snapsmedia 2 years ago
You have no idea how scary it is to be the youth in America right now. We have to fix these idiots' problems. Now Obama is having more money printed. The plan he's going for can work, but it's very rare. Something like this happened after the Civil War, and failed. Another president tried it and it barely worked. We'll probably get an inflation and the plan will have an oppisite effect. Prices will actually be higher, and then we'll get further down in our hole we're digging ourselves. Great...
livelifeindie 2 years ago
It sort of worked in Nazi Germany, untill tthe crediting became so out of balance. The Nazis increased spending fro 0.8 billion to 17.2 billion by printing, some even argue it's what caused the war.
FUZZYisBIG 2 years ago
People are convinced that investment property in australia is the best option now due to the favourable negative gearing laws and that the gas projects will sustain a new boom much like we had from 95 to 05 (both because the economy generally will boom and because employment will be strong.) And also that currently rents so yields are high and rates are low (now rising again but need to hit around 7% to make it a negative option.)
How would anyone counter all these arguments, in favour of PM's?
mallamoozoo 2 years ago
are u an aborigine?
pairunoyd 2 years ago
greek
stellaconcepts 2 years ago
Have anyone heard of this?
google: Latin America Plans U.S. Dollar Replacement
kbdory 2 years ago
alternative theory: many new mines "found", russian sells 50 k gold, everybody sells, the market flooded with gold. all countries flood market with fiat currencies buying gold, the dollar soars,but gold drops to 800 in one day.. &.the flat bicycle tire inflation theory works..you know, pump the country full of freshly printed dollars and the economy starts rolling. this is the oct. event. oh, and obama tell the world there are aliens among us.
medini2 2 years ago
I read a book many years ago by Earl Weaver, manager of the Baltimore Orioles baseball team. His teams always had the the best pitching- ie: (4 20 game winners in one season) There is a pix of him and one of his aces- Jim Palmer in a critical game- it shows a fatigued Jim Palmer looking at the bullpen wanting to be relieved- Weaver told him: "Quit looking at the bullpen, there's nobody better than you over there, so finish the game" Honestly John, nobody is better than you- Your the ace!
Motoicon 2 years ago
Just read all the comments, my head hurts.
My 2pence
Dollar devalued but survives.
"END", Ripple effect = China emerge as New Super Power,(Uk is already on borrowed time) £ will go first to euro & Us$ will still survive. Commod"s will have serious price issues globally.
Its an over populated planet, H1N1 Vac's are the NWO cure.(over years)
Codex to control global food borders (signing 291209 I think)
In The Next few years "NOW" will be a life time away
Mean while I'l just get the coffee's lol
GuildF40 2 years ago
Thanks John:)
mlndstream 2 years ago
If the dollar continues its way down but doesn't collapse, you'll probably see Europe and Asia start to print more money to get the currency back in balance with each other. However, that would be a false reading of the dollar index and all currencies. Ideally, we should have a world reserve currency pegged with gold and silver.
MrVegiita 2 years ago
If?
DocGorilla 2 years ago
Hey John, for the record, what do you think of 'elliotwave theory', does it seem to offer useful indicators as a technical price indicator in your experience? I'm not sure you've mentioned much about it in the technical analysis you've walked us through in the past, so do you not find it very accurate? and if not, what technical systems/tools do you suggest a beginner to start to learn, preferably in order of high percent accuracy to lower % accuracy? if your willing to spill your secrets?;)
mlndstream 2 years ago
Kevin Rudd and Corporate Media won't agree with doom and gloom economics. Everything is great and people are investing, trust them, they work for the Bilderberg Group. Good on you son tip tops the one. And he tipped his hat and said ' happy motoring..... Just remember that the revolution won't be televised.
Publik 2 years ago
Crime in americ will sky rocket while people are getting kicked off of unemployment benifits while at the same time jobs are not being created. i see more police in the streets etc etc. I also see more manufactureing companies start to re-open in america over a weak dollar. I see very high inflation at first due to everything in america is built over seas, but as time goes on, i see americans to once again "pre ww2" building their own goods alot more etc which will caouse prices to stable
Daniyoyo 2 years ago
The'Foundation for the Study of Cycles'is picking silver and gold to hit a high in 2011 with the USD at a bottom in 2012.Robert Prechter also believes that the elliotwave pattern that he see's suggests the depression will bottom out around 2012.But it makes sense that if their currency collapses as a reserve currency and as a local currency then it may hit a floor,and if export of their cheap goods picks up, dollars may again be demanded,but perhaps fall under another currency by then?
mlndstream 2 years ago
You know I hear alot about revolution, but you know the new government will still have to pay back the bill left from the old one?
arran4 2 years ago
Awesome Illuminati pyramid logo Ainslie! I can't WAIT to do business with you!
TadRapidly 2 years ago 2
Does your sponsor ship to Canada?
smasila 2 years ago
I think what will might happen is that, whoever don't have any Gold or Silver will start to bargin. Other than that, don't really know what to say.
GalaxySmith18 2 years ago
What about import cars already here in the US? Will the price go up on import vehicles ALREADY delivered to the US? Should I buy one now ?
stratcatavarious 2 years ago
And, when our currency does fall I expect enormous shortages of everything from oil, food, resources, metals and a complete halt, temporarily, to commerce around the globe. It wont be long though before the international community begins trading in SDR's, especially resources, and metals skyrocket. Only when the event takes place will the U.S. bullshit economy trully be revealed. I expect a series of catastrophic events happening in concert, making us again totally dependent on government.
CASTILLOM1 2 years ago
The dollar collapse will be preceded by an enormous "event". A 'terrorist' attack, natural disaster, war or some kind or occurence the power can blame on. The headlines will read, "America was on the brink of recovery but those damn Iranians attacked us. War!!". I think this is the most likely scenario, an excuse the power will use for years to come to deflect the blame off their shoulders and reason for war.
CASTILLOM1 2 years ago 5
@CASTILLOM1 But America already has two War Fronts NOW
drewstarr71 1 year ago
Is it any idea for me to buy gold? Im from europe!
armindee 2 years ago
Buy silver friend. Much better value and higher % appreciation rate. I believe all currencies will falter in the coming catastrophy.
CASTILLOM1 2 years ago 2
...mankind to collapse to the ground due to fire - steel frame buildings NEVER collapse due to fire or earthquake, and even if they are consumed by fire, the frame remains standing. It also fell at the speed of gravity, basically, meeting no resistance on the way down, which points to demolition and the secret government manipulation of global events on a truly dark and sadistic level...
SuperBadWizard 2 years ago
Well said SuperBad....
CASTILLOM1 2 years ago
...But I think the US will have much less wriggle room this time, because their credibility has been shot to hell through the Iraq debacle. There are only so many times you can pull the wool over the world's eyes and move against a nation preemptively to protect your economic and resource interests, using a false flag act of "terror" as an excuse. It is worth mentioning here that World Trade Centre 7, which was not hit by an aircraft, was the only steel framed building in the history of...
SuperBadWizard 2 years ago
...economic or geo-political events, either genuine or manipulated, then we could see a situation as volatile politically as the moment, at the beginning of this decade, in which Saddam Hussein decided to sell his oil in euros. The impact of the dollar collapse will hit the media not as an economic story, but as a trumped up geo-political one. The word on everyone's lips will probably be war...
SuperBadWizard 2 years ago
Hey mate, always good to get another blast from you. I will have to post this comment in sections.... I think the story to watch if the dollar really declines any further will be the obvious effect that will have on nations buying oil in dollars. As has been widely reported, China, Iran, Venezuela and Russia have already begun contingency planning to buy oil in a 'basket of currencies' rather than the dollar. If they are forced into that decision early by...
SuperBadWizard 2 years ago
I think you are going to see a halt in the purchasing of foreign cars in the States. The prices are going to get too high with the higher importing prices. We are already having signs of Toyota having problems but soon this gov policy of wanting inflation is a roundabout way of getting isolationism without actually saying that is your policy.
SamuraiCommando 2 years ago
Thanks John, Good to see you and thanks for the up-date.
wegowill 2 years ago
reactionary blame will be created to crash the dollar, as the dollar value has been created.
reactionary mentality is mans regressive reasoning
143DREWID 2 years ago
Great update. Thanks John! It's 7 a.m. in the States and Bloomberg's reporting the dollar's rallying against the yen and euro... but it's 75.34... so that seems more like a fluctuation than a rally. peace.
fal2grace 2 years ago
...also I thought i read a couple of days ago that the Candian dollar was falling... might have just been that one day though.
fal2grace 2 years ago
a teeny weeny rally.. yes... fluctuation is the right word indeed - dollar still very ill
stellaconcepts 2 years ago
@fal2grace 2 years later from your post. USD is still around 75.00.
Just saying.
ShoppingIdiot 2 months ago
Some Americans are saying Gold will be $5,000 an ounce in a few years a guy called Peter Schiff is this true?
AustralianinfoWars 2 years ago
more like unlimited value coz fiats are doing down all over the world.
akiraguy 2 years ago
Peter Schiff is a fake dis-informant that works for the NWO. so he is pushing you to buy more Gold to bring in NWO faster!
mattandpatti222 2 years ago
your absolutely right.....geoff and brian are fantastic...great to deal with!!!!!...go silver go!!!..just buying as much silver as i can get my hands on!!!! good on ya john....keep up the good work!!
szczepan4069 2 years ago
the idea that energy sources are moving out of the USD-dominated pricing schemes, propped up by pentagon, etc., is gonna account for any progress short of violent changes, but don't count on that alone as you sort through the malarky that truly is our common currency of late, aside from many--and sometimes contending-- good intentions, etc., while making plans, etc.
cdmcl3 2 years ago
Taking geopolitics,prophecy,and human history into account,I believe all the worlds currencies will head towards a'centralized'world currency,under a 'centralized' world govt,then there will be no comparison to gauge when this single currency is being inflated to the great benefit of the world govt and loss of the people,as there will be no other currencies to strengthen against it,gold/silver will again be confiscated from the masses,while rising retail prices will be blamed on supply problems
mlndstream 2 years ago
I agree....It will get bad and then the people will be softened and beg for world leaders to solve the hardships. Solution will be no more money, just electronic credit system controlled by a super computer a mile under the ground in a mountain somewhere.
CoinsFreedom 2 years ago 2
Once the citizens(tax payers) can no longer leave the control of the govt that gets paid the taxes,then there's no longer any need or motive to be'nice'to the people,and govt's are like companies who want larger market share,but have armies at their disposal to take this larger market share of peoples labor and resources,and with the RFID chip and ink technology that is already being used under the skin of dogs(in Australia)your chip will the 'choker-chain' to do what your told or you starve
mlndstream 2 years ago
so if there's is world govt, you can't exactly get off the planet. So if any attempts at world empire and control from the past are anything to go by, their will damn sure be people right now trying to truly have a full world empire under their oligarch control. Check out a few videos of interviews with Aaron Russo about his temporary close friendship with Nick Rockefeller(he has a photo taken showing the two with arms around each others shoulders),world govt and RFID chipping is the final goal
mlndstream 2 years ago
Aaron Russo had cancer at the time of these interviews,and wanted to get the truth out since he had nothing left to lose,he has since passed away from the condition
mlndstream 2 years ago
If the USD falls, then their purchasing power falls with it and so does their ability to consume,so the countries that have been producing all the stuff that they consumed will experience job losses etc...and any country that supplies these producing nations with resources will experience a deflationary slow down too,reducing tax income for the govt's which may have debts incurred during a more prosperous time in the past encouraging currency printing to inflate,or govt defaults like Iceland?
mlndstream 2 years ago
I think anything that discourages the western world from unsustainable consumption is a good thing for the world. We all need to stop buying all this "stuff".
nztitirangi 2 years ago
I think we all have to stop getting into debt to buy all this "stuff", the problem right now is the expansion's and contractions of the supply of money/credit. People get into debt to buy things at higher prices than others are willing to borrow, and when debts become too unsustainable, the bubbles collapse reducing the money supply, and making it too hard for those in debt to get their hands on enough money to service that debt..so the banks take the asset off them.Bankers use debt as a weapon
mlndstream 2 years ago
This is the game the banks play, they give us paper with numbers on it that the masses have been hypnotized into valuing as money, and on top of this lend this paper out too, then contract the paper supply, so they can cause defaults and take real things off people, slowly moving more and more real wealth into their possession,then reflate the paper supply again etc...but if no one borrowed, they'd get nothing at all,neither interest on the paper,nor the real wealth of the people.
mlndstream 2 years ago
if no one were to be in debt, then no one would lose their assets over the long term, because if the paper supply contracts in half after you buy an asset,and then sell that asset for half what you paid for it,it makes no difference to your purchasing power,because everything you would spend the money on is also worth half of what it was.But still, the problem with paper is that you can't store your wealth in it while the paper supply is expanding,the purchasing power of the paper is being lost
mlndstream 2 years ago
But the point is,if the paper supply contracts and your not in debt,you don't lose the asset, because you own it outright,and if gold/silver were used as currency again the money supply couldn't expand and contract so easily as it does now and pull the rug out from underneath anyone who does happen to be in debt.And then on top of all this,if the govt issued our currency themselves without borrowing it at interest,we wouldn't need to pay income tax anymore either..but that's another story:)
mlndstream 2 years ago
@mlndstream actually, years ago, about 40 years ago there were American bills issued that were called "United States Notes"....not federal reserve note...although they were in circulation with fed res notes. The U S Govt issued them without any association with the Federal Reserve and paid no interest on them.
inkey2 1 year ago
If you don't already know,Pastor Lindsey Williams alleged'insider/elite'friend,has recently told him that the USD will be worthless by 2yrs time,and they will be so poor they won't be able to start a revolution,and that this elite friend of his said that only gold and silver will matter by then,and that gold and silver are the money the elite already use amongst themselves as it is their money.Also,3 seperate wars from middle east to eastern europe to asia minor will begin in 2yrs time(WW3)
mlndstream 2 years ago
The effect would be increased prices in the US for everything from food/oil/electricity. As inflation continues to grow, inciting food riots and civil unrest around the world, the idea of having currencies that prevent the governments of the world from inflating the worlds currencies becomes ever more enticing.
Gold/Silver will go from a commodity status back to monetary status (linked to a currency).
The effect on the prices of gold/silver?
The results could be explosive!
Peace.
campeona5 2 years ago
I think this is a good analogy of what is going to happen:
Its like one of those clock springs that you can only wind up so far, then it cant go any further without either breaking or unwinding very quickly. Who knows how much more give the spring has, its a matter of time.
daveashe 2 years ago
Once the trust of the dollar has vanished there will be no buyers and it is going to be very hard to regain the trust, even the states bonds will become increasingly use less. So anything connect to the dollar will be in great trouble until the connection is broken.
After attempting to regain the trust in dollar, there will be no option other than replacing the dollar. It is leading to major but temporary hick up in world trade. The world trade will probably shift into a new world currency.
skogavideo 2 years ago
The USA is a consumption based economy. so if the US dollar crashes it will mean there will less consumption in the US and as a result lower stock prices
ozwasp 2 years ago
Usually crashing the US market would cause a spike up in US dollar. The banks though have been the only buyers in the US market and most of the force driving higher prices on the dow. This has been one of the ways Big banks have been supporting thier balance sheets with the increased value of those assets so it's unlikely they will allow a significant fall in the price of those assets, hence no uptick in US$ price. Would crashing foreign exchanges have the same effect on the US dollar? maybe
antihistrymeme 2 years ago
For Aussies frustrated at the lock step moves in gold and aussie$ you should consider a silver strategy as it is more likely to see a spike in price without the corresponding spike in the aussie battler.
antihistrymeme 2 years ago
Geoff and Brian are great guys... very knowledgeable too.
lokir 2 years ago
My best guess from my wanderings...
We've got about year or a bit longer before price inflation kicks in and really gets bad. Deflation will dominate during this period even as the dollar heads toward 40 on the index. Feul prices will rise but only to a moderately high level dispite a falling dollar as consumption/demand drops. Of course PM's will go much higher with gold hitting $2,000 before early 2011.
There you have it. Your mileage may vary.
InTheSticks1881 2 years ago
Can you spell "currency crisis" ?
Also, farm subsidies to Big Agra from the US gov't are probably going to stop. Meaning they will be unable to sell grain at below the production cost which will cause grain prices to skyrocket and the 1 billion people who are at the brink of starvation will probably starve to death as food becomes unaffordable.
People who live on $1-5 dollars a day will also be driven to the brink.
60% of the worlds wealth is in dollars, so a lot of people will become poorer.
KOPYMEH 2 years ago
Some kind of new currency obviously.
drutter 2 years ago
1. US dollar slides to 70-72, DOW 10375 (next 4-6 weeks)
2. Fed pauses QE/liquidity pumping (end of Oct.)
3. Equities cliff dive again [after AWFUL black Friday shopping?], Dollar rallies in response, Beijing put holds AU above $1000 (Dec 2009-Jan 2010)
4. New bailouts [FDIC, FHA], QE resumes, groundhog sees shadow...economic winter for 6 more years (Feb-Apr 2010)
5. Dollar makes new lows (May-July 2010)
6. $5 gas, food riots, inflation accelerates, state of CA, goes bankrupt (2nd half 2010)
EquilibriumTheory 2 years ago 3
Can you expand on 2?
Not sure if they can "pause" right now. Maybe "relax" but not "pause".
nztitirangi 2 years ago
The Federal Reserve has committed to buying $300 billion of US Treasuries by the end of Oct and $1.25 trillion of agency MBS through March. They will finish buying Treasuries this week and have purchased $959B of agencies as of Oct.22. So they have roughly $300B of liquidity pumping left for the next 5 months. Unless the Fed raises these limits, the liquidity driven rally must die. Pumping rate since March: ~$150B/month. Pumping rate from here on out: 60B/month.. Buy stocks at your own peril!
EquilibriumTheory 2 years ago
SAN FRANCISCO (MarketWatch) -- Gold futures closed lower Thursday as the U.S. dollar gained on concerns that Chinese government policies could cool a global economic recovery, reducing gold's allure as an alternative to paper currencie
bye bye gold bug suckers, just like 82
abdighazi 2 years ago
Hey great points and research there. This makes a lot of sense although I really cant imagine the US admin halting when the very news of this would send the market into a tailspin. Maybe reduction in pumping rate to 40B/mo sliding down to 20Bmo for the next few years.
nztitirangi 2 years ago
will gold eventually outdo silver
videosensei 2 years ago
There was a news story on CNBC today about how the US may go back on the gold standard. Anyone out there heard anything else ?
tfrenn 2 years ago
lol yea riiiiight.
the US dont have any gold.
stealthpakfa 2 years ago 4
we should stand tall in the face of adversity and come to the realization we are not in this together, we are bound by fate to become a selfless and autonomous entity. our compassion is not dictated by a Government structure or by a feeling of charitable omnipotence. That is our gift to society, expecting nothing from anyone but ourselves.
The dollar and any monetary currency has people as it's foundation(not precious metals), we won't fall. JV
jvforever72 2 years ago
A huge lowering of the standard of living for all americans.....
i just wonder if Australia will let its currency keep climbing ....isn't the Aussie $ due for a big devaluation soon?
dojufitz 2 years ago
For the present Australia has what China wants - commodities.
edmack4me 2 years ago 2
I can't wait to hear the fine folks at cnbc talk about how wonderful things are when the DOW hits 20,000 in 12 months. If people can't afford gas there will be riots. Imagine the family that gets evicted b/c fuel ate their paychecks. It will be a bad time to be driving a status symbol or appear to have anything of value for that matter.
pentel1911 2 years ago
I've noticed grocery(and retail) stores here in the U.S. having significantly less stock, to the point where it's very suspicious. I am an armchair economist, so to speak. This may be a snapshot of things to come. If I had to guess, we would see the price of things go up significantly, some items being more scarce/unavailable. Obama just said today he wants another stimulus. This will, in the long term, cause us much more harm.
doc7474 2 years ago 2
I've notice it too. But have you notice when jobs(plants) inventory become less, they are usually downsizing, and getting ready leave(shut down). I hope the stores arent getting ready to leave(shut down), if so they should tell us ahead of time, but they wont. A lot of times they themselves(workers) dont know. Well some things they dont have to tell us, if you know what the signs are, and where to look for them, then you can figure them out yourself, and be ahead of the game. you can warn other
kbdory 2 years ago
A Perfect example of the Technical Indicators as being useless when it comes to the collapse of the US Dollar.....They will "Pull it" when They decide:(
CosmicDramaQueen 2 years ago
Better load up now on staple items while you can, and dont forget the TP.
NewAmericanOrder 2 years ago 2
As dollar declines, interest rates will go up. Here, in SoCal, real estate is a disaster right now. I can't imagine what it will be like if rates go up. I'm sure the real unemployment rate in CA is 20%, easily. During the Depression wasn't the unemployment rate 23%? Obama can't do anything about jobs, so all he's doing is throwing distractions out there, like
how Fox news doesn't like him, etc.
alycephoto 2 years ago 2
My greatest concern, should the dollar collapse, is with prices of food and energy. We import a fair share of both; it could be difficult for people whose income lags the inflation rate to heat their homes and eat a healthy diet. Conceivably, countries exporting food or oil could coerce a desperate U.S. in terms of foreign policy, too. And, I wonder how long it would be before those of us working more and more hours for purchasing power declining faster than now would finally reach burnout.
Tigerpaws9097826 2 years ago
with obama signing that treaty in december or he suppose to be I think they may crash the dollar before December - I lot of people think oct 25 from web bots but I think with this treaty they will crash it before hand so people wont focus on it
popomp1 2 years ago
If the dollar collapses, everyone else will be as broke as I am.
PressForFreedom 2 years ago 3
Yeaaaaaaa! we all can be broke together Yeaaaaaaa!
lostinthemix 2 years ago
no worries, stay strong and realize it's not a piece of paper that drives the world but individuals with the hearts of lions. that heart, not gold or some suspect investment, leads us in times of turmoil.
the leadership may be wavering now so that's why it's imperative we understand a genuine individual leads themselves. we don't look for a savior, nor do we despise a person of admirable character who can awaken responsibility in a society....cont....
jvforever72 2 years ago
No they won't.
edmack4me 2 years ago
It really depends on the speed of the US$ decline IMO. Remember, it is not just the US$ that need to devalue, it's most of the currencies in the developed world.
If the decline is too fast I would expect massive price falls in many assets and huge price increases in food and other essentials. Many int companies hold US$ and a rapid decline would result in these companies needing to raise capital...fast.
The speed of the US$ decline will be controlled by the creditor nations.
Dmitrymax 2 years ago
No idea of what US dollar collapse will cause as I don't really understand relationships of US dollar to other currencies and don't have a clue how many global investments there are in the US dollar.
0urGaia 2 years ago
50-60% of the world's wealth is in US dollar denominated assets. Either physical dollars or paper assets (stocks, bonds).
KOPYMEH 2 years ago
If the dollar collapses it will cause chaios in the commodities trading markets because no producer of any commodity outside the USA will want their commodity priced or sold in US dollars. There will have to be a new pricing mechanism for commodities and the only way to resolve that problem is to go to a commodities back currency/monetary system. The powers at be will throw ever thing at this crisis to avoid that though. So just remember the end game senario and buy gold and silver
murraycg69 2 years ago 3
Since the US virtually overnight doubled the money supply to stimulate cashflow in their frozen economy - all else being equal, shouldnt the dollar drop by 50% ?????
mallamoozoo 2 years ago 2
last time the dollar went down to 74.9 was two years ago feb. it only took one month to fall to 71, march-apr. at that point the dow started its downward spiral and silver was at 18. does this sound familiar. what will happen this time is my question?
strawjam59 2 years ago
Because Australia has a commodities currency, one closer to being real, The Auzzie, dollar in my view, could easily be worth 2:1 to the US dollar.
jimbobubbadj 2 years ago
Stellaconcepts you are like a more "hip" young version of trendcasters I view on YouTube. I mean that in a positive sense. Thanks for the video.
iloveterriers 2 years ago
Geithner said though that they would continue to bail out the banks through late 2010. I hope he's just kidding though because if he is serious, I would hope to see some sort of revolt from the Americans. Enough is enough.
iloveterriers 2 years ago
Great vid John! The question just leads to more questions. I guess gold is a good buy, even at present prices?
DebtIsMoney 2 years ago
Are you kidding me, they are actually accepting gold for a down payment? This is pretty serious stuff.
iloveterriers 2 years ago
thanks mate
longltran 2 years ago
I'm in S. Calif. The commercial building failure is already here. You go up the street of my town, and every other building has a "for sale/for lease" sign on it; even the shopping malls. "For rent" signs on a lot of the houses.
whiskerchild 2 years ago 3
I'm in Southern CA too and this is true -- everywhere I drive, every week, it gets worse and worse -- more houses for sale or rent, malls emptying, and even bank buildings emptied. Long relatively new strip malls with only one store left, etc. It's very surreal, don't think I've EVER seen anything like this before and I've lived here for most of my life.
iloveterriers 2 years ago 2
You should seriously consider leaving SoCal. I have and paradise will soon turn to chaos.
CASTILLOM1 2 years ago 2
Yes, before it gets even worse.
edmack4me 2 years ago
you on twitter?
bowtie728 2 years ago
Here we go! Greetings from France. Very good video, five stars, widely shared.
slobomotion 2 years ago
A weakening dollar could be very bad news for manufacturing in the EU. Quote from The Wall Street Journal:
------
A senior advisor to French President Nicolas Sarkozy also said that "the euro at $1.50 is a disaster for the European economy and industry."
-----------
Interestingly the concern is not so much with competition from US exporters but with China. Because the Chinese yuan is pegged to the USD it will mean that Chinese imports to the EU will get even cheaper and kill EU industry.
Matlock1974 2 years ago
just bought more silver this week, over half a grand worth!
solojam 2 years ago 2
Great news! Continue stacking! :D
DeeHong 2 years ago 2
just sold 3 grand worth yesterday!
FuckinGuitarHero 2 years ago
Did you feel sick losing 5% in the spread?
mallamoozoo 2 years ago 2
Yup. That's cause I ate too much sushi celebrating the profits. I bought silver when it was $9 an ounce! Wanna buy some?
FuckinGuitarHero 2 years ago 2
what did u sell it for US dollars? eeek
ive been buying since 12 bucks a ounce ill hold until 50/oz then take some off the table
solojam 2 years ago
sure ill buy some for 15/oz, thats the rate i got it at
u want to sell @ 15US ounce? I'll buy
solojam 2 years ago
Due to the ubiquitous nature of the USD, whatever happens leads me to think it will be global.
slymartins 2 years ago 4
It will eventually lead to a global depression.
edmack4me 2 years ago
Well the main reason why the Bernake lead fed is loathe to repo paper dollars and raise interest rates to bolster the dollar is pretty evident. For one the bull market that they are currently having would end abruptly and you would see the market correct itself. So right now the fed is caught in a unenviable position of ending the bull run or bolster the us dollar. if you save one you condemn the other. They want so badly to make out like the recession is over......
Michael7893 2 years ago 2
I think there will be War! before the us lets it fall to far!
arfrank87 2 years ago 2
War, the great "reset button"? I dunno if Barry Soetoro has the stones to push that button. The US is so bad and evil and selfish that it deserves to fall, after all. So why take steps to undo the damage all ready being inflicted in righteous punishment on the most shamed nation on earth?
Meh. War is the great enema, but only if the nation has the will to gear up to a wartime production economy. I think we lost that will a long time ago. ='[.]'=
Raycheetah 2 years ago
There is no manufacturing capability in the U.S. anymore. It has been a 70% consumer driven economy. No manufacturing plus extremely expensive imports means no consumption... Driving the U.S. economy into the dirt, massive bankruptcies in retail, shipping, distribution industries. Massive unemployment, and a collapse of the extremely over leveraged commercial real estate market as a result. Then a lot of failures in banking where commercial real estate loans are involved. Taxes falling & us$
GoatHollow 2 years ago 7
Why such a dark senario , why do you think it is a conspiracy , internet is a big rumor machine about conspiracy a lots of lie are spread , What are your sources ,,, Fear is a powerfull energy Truth is more powerfull how do you make the difference ??
THESHADOWATCHER 2 years ago
well,, inform thy self !! Zerohedge on the net.
1mealperday 2 years ago
I recommend the book "The Creature From Jekyll Island". How about Well's book "1984".
Or "World Revolution" by Nesta Webster.
This is reality NOT "conspiracy".
How about JFK's speech, warning the nation?
stangeriam 2 years ago
oil 200 $ bbl
is all about the oil
double the price
of everything ...
except wages
gas 10 $ gal....
happy fun times
for all...
chena3 2 years ago
oil 200 USD bbl and USD:AUD= 2:1 ?
DavidAKZ 2 years ago
No doubt Aussie dollar will rise more against US dollar in the short term but as Marc Faber recently pointed out oz housing bubble is much worse than US ever had. When it bursts our economy will collapse much faster than the US. So I look at US economy as prelude to what will happen Australia.
0urGaia 2 years ago 2
Quite possible- private debt levels are high. For the time being foreclosures are low as unemployment falls driving prices higher despite the central bank raising interest rates to 3.25% and indicting higher
DavidAKZ 2 years ago
DavidAKZ, people in US can simply walk away from home loans, we cant, so people will use other lines of credit (credit cards etc) to tread above water. I heard WA house repossessions doubled in last year but not seen data for other states. Not sure how they could actually decrease when in previous years they could simply sell and realize a 20% a year profit. I rely on unemployment data from Ray Morgan polls, they say 15.1% (1.684m) workers unemployed or under-employed in Oct. 2009.
0urGaia 2 years ago
The over 30 day delinquencies across the industry continue to grow, and are
increasing faster in the wholesale origination sector Australian mortgage
industry delinquencies remain significantly below that of global peers, the most
recent evidence of which can be seen in the RBA‟s September 2009 Financial
Stability Review. Within the Australian marketplace, wholesale originators
continue to experience higher and growing delinquencies driven by their business
mix and segment focus.Fujitsu
DavidAKZ 2 years ago
DavidAKZ, thanks for the JP Morgan report havn't seen it before. It shows delinquencies rising not falling and their levels of house affordability is based on todays low interest rate which is NOT fixed over term of contract. So their graph only indicates how fast housing affordability will deteriorate when interest rates rise again. They can use all smoke and mirrors they want, situation is grim.
0urGaia 2 years ago
If you send me an email address I can send you the report
DavidAKZ 2 years ago
thanks but already download it.
0urGaia 2 years ago
And parsnips.
slobomotion 2 years ago
parsnips would be worth
their weight in dollar bills ....
chena3 2 years ago 2
If gas is going to go up $10.00 a gallon, you can basically kiss America good bye. I can't see how people working reduced hours now (as if the norm, especially among government workers as one example) can keep up with these prices. They will be forced to choose between feeding the family or filling the tank with gas, and if they can't fill the tank, they can't go to work. Also, what about all those people who have to pay car insurance, etc. This is a nightmare.
iloveterriers 2 years ago
@iloveterriers:
That's when the US becomes a third-world nation, with everyone relying on bicycles for casual transportation, and communities restructured into smaller areas to accommodate close-to-home labor. Think Vietnam. Only they are coming up out of that, and are used to it, while we'll have a hard time adapting.
Or, we'll drill our own gorram oil, AlGore be damned. ='[.]'=
Raycheetah 2 years ago
With the tanking US$ it will get even worse than $10.00 a gallon.
edmack4me 2 years ago
from a collapse? I wonder about this, as we look at things like Copenhagen coming up with regard to the climate. As we read about secret meetings being had between Gulf Nations and powerful nations of Europe & Asia regarding dumping the dollar. This idea of being forced into a global system of governance that completely supercedes the U.S. constitution is looking more and more plausbile. I have no idea what these things will mean for the global economy. I wonder what you think of all this?
veritasfiles 2 years ago
CRB index goes up to fast is bad for the dollar.
A super major natural disaster is bad for the dollar. Example 9.0 earth quake.
Another small war.
davincij15 2 years ago
Do you believe in HAAP ???
mallamoozoo 2 years ago
Typo - HAARP !
mallamoozoo 2 years ago
Yes, I have looked at the evidence and it's sufficient for me to believe that the US Military has built a earthquake machine. However their is not enough evidence to prove they have used it.
davincij15 2 years ago
They do have it, and also, as far as i know, they have used it plenty of times. China have blamed them for starting earthquakes over and over again, and they say that they have evidence to prove it.
kbdory 2 years ago
earthquakes can be triggered by a weapon called HAARP.
stealthpakfa 2 years ago 2
But here is what I wonder about. If the U.S economy collapses or gets near a point of collapse, what will happen internationally? Will the panic that ensues from such a prospect motivate countries to come together and create a genuine worldwide governance structure complete with a new alternative international reserve currency? If so, can the U.S. transition or be transitioned into this new currency quickly enough to avert the massive civil unrest, death, and diease that will result CONT'D
veritasfiles 2 years ago
The economic ramifications are many and probably too many for us to actually fully quantify. So many nations and central banks will begin dumping dollars. The idea of denominating oil and other commodities in other currencies will be given real legs and veracity in the minds of many. Whether the dollar declines in a slant or in an almost vertical fashion, I think the continued USD decline on the index will ultimately precipitate a general collapse of the U.S. economy.
veritasfiles 2 years ago
Thanks John. I'm anxious to find out what others think on this too. I'm no market analyst so I'll not even venture a guess besides the most obvious.
Looks like you have a cold or something. Try drinking some ginger tea with lemon and honey (no cream) and taking some extra vitamin d.
AfterTheFox75 2 years ago
It's probably a good thing to invest in commodity company shares that operate within your country. As the cost of import will rise, there will be more demand for local products than imported products.
chimpanchu 2 years ago
Unfortunately that's when the idiot politicians will try to implement price controls on domestic producers. That ends up causing producers to go bankrupt because of high input costs on imported inputs required for their production.
Ultimately they will be forced to drop the price controls (after demonizing the producers of course).
We will be forced to watch while politicians make a really bad situation worse.
frgtmygld 2 years ago
Any sign of exports shrinking due to Aussie Dollar strength John?
GypsyHustle 2 years ago
yes definately!
stellaconcepts 2 years ago
Three momentous changes will make 2010 another turning point in Australian history: the Aussie dollar at parity, the preparation for emissions trading to start in 2011 and surging population. The changes this will force on Australian industry will be immense. Export industries will come under sustained cost pressures similar to those that newspaper publishers are experiencing; retailing will boom as imported goods fall in price.
tinyurlDOTcom / ykw5rv4
DavidAKZ 2 years ago
a higher AUD put downwards pressure on inflation in Australia imho
4rcane 2 years ago
GypsyHustle, if all the money received for selling commodities was instead used to run Government there would be shortfall of 60 Billion a year. Real earnings is achieved by private sector importing debt to to purchase properties (homes etc) at prices manipulated by Government (restrict land, building codes etc). Unfortunately comes a point when the ever increasing property prices become unaffordable. Already we have highest house cost to wage ratio in world.
0urGaia 2 years ago
Food and energy prices will go up, especially to non producing countries like western nations.
Although, I think Australia won't do too bad in food and energy department. We have good agricultural and mining (coal and uranium) businesses happening within the country.
chimpanchu 2 years ago
rebalancing of macro-capital flows
dow 30 up
chinese exports down
japanese exports down
chinese domestic growth.
inflation in the usa
bjmccullough 2 years ago
>rebalancing of macro-capital flows
please explain ?
DavidAKZ 2 years ago
at present. things are made in the east and bought in the west. well this will not continue. a lower dollar will allow things to be made in the west too. it also would make oil more expensive so that might have a push to alternative domestic fuels. also if demand for oil rises globally this would affect global shipping in that things might become too expensive to ship. this would rebalance capital flows. the east makes the things for the east and the west 4 the west. make local-buy local
bjmccullough 2 years ago
So could you study trade imbalance to understand implications of a falling / non existent USD ?
DavidAKZ 2 years ago
...wages will also be as the east...it would be the only way u.s. can compete...and i don't think americans are ready to earn 50 cents a day making Nike shoes for themselves.
moofph 2 years ago
We will have hungry people while we export food to other countrys who pay much more than we can afford. Unless the government puts tarrif of food exports, and even then, they will pay it .
askmeif 2 years ago
good observation. Factory farms will definitely chase profits by selling overseas which means local consumers will end up competing with overseas consumers (who may have a stronger currency). This happens already where I sit - in NZ.
People must eat of course - so I bet small, local growers will rise to fill the demand.
hnsbro 2 years ago 2
askmeif, That happened in Thailand during rice shortages few years back until thai's protested in mass resulting in government banning all exports of rice. That's why I am not overly concerned with US people starving. US government doesn't want 300 million starving people with guns angry at them.
0urGaia 2 years ago
A question for you John.
If economy around the world collapsing, banks and businesses closing down.
What will happen to Gold/Silver mining shares? Do you think ASX and NYSE will also close? And what will happen to people who own gold/silver mining shares?
chimpanchu 2 years ago
Isn't there some parallels with the Japanese Yen ? The 90's in Japan are called 'the lost decade'
DavidAKZ 2 years ago