Hey Demcad, I am to the point that many of the banks are not practicing with honest concerns for their consumers. And that alone was enough cause for the government to intervene in matters like this. What is more troubling is they are not. It is strange that there is a Car Czar but not a Home Czar? Millions of people are losing their homes, millions homeless but the hundred thousand jobs of the car companies was more then enough to rate presidential attention. Something is seriously not right?
I wish these people who are in their 60s & already have a good pension would RETIRE! Let somebody younger than you have your job. I mean, if you have plenty of money & you don't need a job, you can help the unemployment situation by quitting your job.
When they can't produce the NOTE (because they monetized it. Converted it to money.) the case will be dismissed!
You don’t have to repay a dept when the lender has been restored. By monetizing the NOTE the bank was restored. Why did the bank do that? To have their cake and the principle and interest paid in each month too (aka Greed).
@fsoiberg People cannot get a fair and impartial hearing according to law either when they are being evicted nor when they are being foreclosed upon. There is a scam with the Clerks of the Courts in the County where the foreclosures are taking place. I am trustor of the real estate division of the Bank of America. There is just a series of frauds related to fraudulent records of my DEATH and the US attorneys including DHS Janet Napolitano with REITS by marriage partner 30 years ago. INDICT OBAMA
When they can't produce the NOTE (because they monetized it. Converted it to money.) the case will be dismissed!
You don’t have to repay a dept when the lender has been restored. By monetizing the NOTE the bank was restored. Why did the bank do that? To have their cake and the principle and interest paid in each month too (aka Greed).
If you are concerned about prolonging the “recession”; first it is not a rescission or a depression, it is a war that has been waging since 1776. King George impose Currency (money w/dept) and the Colonies revolted. Since then the Banks have been trying to own the World. They will not stop until they are defeated or you and everything on this planet is owned by them. Don’t take my word for it. Do your own research. Search: Freeman on the land, Edward Mandell House, Creature from Jekyll Island
My line of work is on of the most dog eat dog. Yet I turn down 1-2 contract jobs every week. I think part of the real story here is clients don't want to deal with dead weight. They can have something done overseas or can find someone better on the net.
Meaning: the bullshit cards have been pulled. Lazy shiftless people can no longer hide. Those jobs are never coming back for you until you can show you are worth hiring.
Most blame Obama, but there's an influence thanks in part to the net.
GMAC is basically insolvent. If they allow all those foreclosures to happen they will realize losses currently hidden by a variety of accounting tricks. If they let all the new inventory flow at its own pace, even their clever accountants won't be able to hide the obvious. They need to "bleed" the patient over several years instead of causing an immediate "hemorrhage!"
Well...Maybe Flint will make a come back now. The Construction business has gotten a little better, but we are a long way from being where it was. No one believe the governments bullshit anymore.
@DEMCAD I live in Las Vegas and I,m a Maintenance Engineer at the Flamingo Hotel & Casino and got laid off 2 years ago for 6 months They called me Back Because I'm union but it is Bad out here there ( Flamingo ) Part of Harrahs entertainment thats saying there Broke But they are buying up everything, they own almost Half the Strip. and now there talking about layoffs again it always happens around the Holidays which sucks Because I have a 4 year old
GMAC had to stop because court case in Florida shows that banks were attempting to foreclose on houses they didn't own by submitting fradulant docs. Bank buyouts and selling CDO's changed mortgage ownership but not recorded at the courthouse. Mortgages were put in a holding company's name so they could sell CDO's, but they sold them many times over - through derivitives-thus the crash of 2008. Now banks are trying to foreclose the property to steal the houses and make more $ in fees.
Most people can not understand that a Dow number that is rising means the Dollar is inflated. When Gold and the Dow goes up then the Dollar is going to fall. Look for a Dow to hit 20k... It will not mean anything when the dollar is worthless and Gold is impossible to buy and your wages are still in the 90's
Obama brags about how many jobs were created. What he fails to mentions is how many more than that were lost. He never mentions how many net jobs were lost. We all got his number.
the mainstream news media and obama/soetoro camp seem to be saying, "the economy is just fine and if the unemployed would just get their heads out of their butts..."
Hmm...the grocery baggers in my part of this globe used to be young kids(12-15)but all of a sudden they're being replaced with seniors,....lol...only thing is informal black market economy,....more than likely their only "wages" are the tips the customers give 'em!=P
The Recession's OVER,....YAY!!!!!!! These feds are something.....
You have shaving cream on your ear. Sorry, but I couldn't stop looking at it. It's kinda like when the teacher would erase the blackboard but she would miss a little spot of chalk and it was all you could do to not run up to the board and erase it.
Right, recession is over, that must really increase the odds of the Democrats keeping the house. What happen to the Alt A and Option ARMs that begin resetting en masse in Oct 2010? What happened to the commercial real estate collapse coming in 2011? I love all the OFFICIAL government statistics. Such bullsh*t.
My fear is that the recession WAS over in June of last year, and they know what's coming next. The new part, the impact of our deficit, lack of manufacturing base, inability to compete globally, disenfranchisement of the USD, that's gonna be a new thing. Real: no one in this country seriously wants to see millions suffer, and they'll do what they can to prevent it. Their very actions may also make it happen, or make it even worse. We're in tough times. Hope for the best and plan for the rest.
@GodGunsGutsGlory777 I know that faggots can't learn, but it's "whether" not "weather." Apparently, when you resort to sucking other men's cocks, you forget how to spell.
My friend told me sometimes he thinks he'll never get another job. I felt really sorry for him.
I think you have to have a very positive outlook and drive in these tough times. Try and offer services and work on a local level. Deal in cash.
I swear if my back was right up against the wall, I'd offer to change cam belts for cheap. They're a pain in the arse to fit, but that's why they're expensive to change. The belt is actually really cheap.
Isn't it great?... deadbeats stop paying their mortgages and are allowed to remain in their homes. It must be nice to have no rent for 1-3 years. We are living in BIZZARO WORLD!
I am financially responsible which means I get nothing.
Don't you get it!?! So long as Wall Street - DJ, S&P 500 ... recover, nothingelse matters. So you people out there unemployed for the last 6 months, 12 months, 18 months or forever - don't matter. You people out there have your home foreclosed living in tent cities - don't matter. 1 out of 7 under the poverty line - don't matter. But how many staff the major corporations and banks can cut staff & costs to yield higher profits - now that matter. This is how they research economic recovery!
We are looking at a long drawn out economic distress for many years. There will be no sudden collapse as it is designed to wear people down so they give up their freedoms.
All I am saying is just don't expect a sudden collapse because it wont happen by design.
When are they going to admit we are in a depression after we have gone to war with Iran. That is the governments only way to create jobs go to war reduce a lot of the population. Find a way to consume a lot of junk. DC what needs to happen is they need to take those shipping containers place walls and doors in them for the HL you get a 5x8 room for the night that you can lock have hooks on the walls for hammock hanging so you areHL you take your bed with you. That would save many from the pimps.
This comment has received too many negative votesshow
Reggie what does it take for you to say the recession ended? Income is outpacing inflation, there is job growth every month in the private sector, inflation remains low, stocks have rebounded nicely, foreclosures are down since end of 2009, retail sales are back to normal. Do you need a 1000 dollar check mailed to you before you think the recovery exists? LOL
@skyding8962 I can answer that. It'll be over when I dont see my bro acting like a nervous wreck trying to find simple construction work. It'll be over when my dad stops struggling trying to find a job for the last 2 years. It'll be over when one day we wake up and our dollar is worthless and a depression hits. So your still living in a bubble world skyding, go back to dreaming and stop spreading false crap. Your spewing crap from your mouth like the media and no one wants to hear it.
Those are personal stories. They aren't the big picture. I could give you a sob story too based on whats happening in our household, but I still don't think were in a recession based on the big picture.
OK, but there isn't an economist in this world that uses that as a measure since jobs usualy come back AFTER a recession. There has never been a recession where the jobs came back during a recession.
We may not be adding jobs as fast as you like, but were not losing jobs so therefore we can't be an recession.
@skyding8962 "OK, but there isn't an economist in this world that uses that as a measure since jobs usualy come back AFTER a recession."
LOL. I don't care what economists say! Why would anyone learn to them?! They've been wrong about everything! They didn't even see the recession coming, so why would I care what they think?
It's been a year since the so called end of the recession and the jobs still having come back. And yes, we are losing jobs. You have to add 100,000 just to break even with population grow.
I realize its not keeping up with population. Ive also said many times that high unemployment will be the new normal. Many of these jobs were phony and not needed. As I said a few other times there is about 4 million other jobs that are out of balance and need to go too. We simply have too many government and service sector jobs for our economy. Get used to 15 percent unemployment nationally in a few years. That doesn't change its not a technical recession.
@skyding8962 Do you really believe the bullshit that you spout so often, or do you just do it for the annoyance factor? Just curious because I would love to live in the fantasy world that you so effortlessly create!
@skyding8962 if the jobs come back after a recession then clearly we're still IN a recession as the jobs aren't coming back (forget the government figures, they're pretty much meaningless).
Reg, ppl need to understand that all of these jobs that were lost(and still being lost) are not coming back. Employers have learned to do more with less staff and are STILL seeing if they have met rock bottom in terms of employee to productivity ration in case they have to make more cuts. They are also making employees work longer hrs. Morale in the workplace has gone down and even for myself..there is no sense of comradery anymore. People are now only worried abt their own jobs.
Yeah the jobs aren't coming back. Actually there is an extra 4 million jobs right now that are supposed to be cut because they are out of balance with the rest of the economy. I think that estimate was being conservatieve too. Bottom line is high unemployment is our future. Recession or no recession you people are going to have to get used to it, or become self employed so you won't have to worry about finding a job or losing one.
@DEMCAD Wrong over 8 million jobs have been lost, just to get to pre-recession levels you have to create 300,000 jobs every month just to get to pre-recession levels of 2007. GUESS WHAT? not going to happen.
I agree that the recession is over "by definition" but in terms of the bleeding and purging of jobs...it hasn't stopped...at least where I am from. I still hear about people getting laid off everyday. I just think that most employers have gotten to a "bare operating minimum". I still believe we are in economic turmoil..esp. after what I read today. When the FED is panicking and economic advisors are resigning..SOMETHING is gravely wrong.
@skyding8962 When my 3 year wage freeze ends, we start selling at the volume we were (at work), "real" unemployment drops to 10%, produce prices go back down and housing prices go back up, the the ratio of private vs fed contribution to the GDP reverses. That'd be a good start. Kick in a drop in the deficit, then I'd say the recession is over. Not likely in the next 4 years, and if the igits keep trying to fix things it may get a whole bunch worse.
I've noticed Peter schiff didn't come out with a video yesterday about the recession ending. Hmmmm **crickets chirp*
We may not enter another recession for 5 years. I have a feeling thats whats going to happen now. It will be a slow grind from here on out, but no more doom and gloom.
i don't understand how patricia read could be an internal auditor without an accounting degree. all the information was probably vastly over her head and she got fired because she was inept
funny how it all is rosy just before election time. did we somehow lower the nations debt and create so many jobs that people can actually bank some money instead of doggie paddling and going under. nothing has changed, it's just phase 2 of stimulus money entering the system that our selves and children will be accountable for. good grief!
These NBER idiots only have it half right IMO: the recession may have ended in June 2009 - and the DEPRESSION began from there.
Can't believe these "elite" clowns. First they lied profusely & said that there was no recession at all. Now they're admitting that there was a recession - yet lying about it ending in 2009? So MILLIONS of unemployed & homeless Americans are just a mirage?
It's easy to lie about a recession/depression not existing when YOU don't have to live with the losses.
WOOHOO recession is over! Hey wait a minute...WTF MY DOLLAR IS WORTHLESS! Sorry NBER I dont believe it, but nice try. It probably means were hitting a depression soon. And why do I see more houses for sale lately? Getting more water this weekend along with ammo when I hear articles like this.
gmac was bought by fanny and fredie,who is owned by the government,gm post a billion dollar profit,the same amount they sold gmac for.im 50,no jobs at all.now i hurt myself while working cash job and i can no longer do that.i have no income,denied food card or any help.im screwed.2 kids in college.im screwed.did i say im screwed.wall st journal said let the unemployed starve themselves back to work.i say put the corrupt bankers in jail.start at the top.
What killed me was hearing that if there is another recession....it will be a new one,and not an existing one.So that's how they'll cover their asses...even though they are all full of shit.
My neighbors and family sure haven't seen this so called,end of recession.
@skyding8962 the world is also a lot bigger then the propaganda you obviously adhere to. Empirical data and real data simply doesn't match with the government line.
The Federal Reserve on Tuesday warned it was concerned about the potential outbreak of deflation, laying the groundwork for buying government bonds at future meetings.
“Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability,” the statement said.
The recession IS over... WOOO HOOO... just in time for election season! Obama DID IT !!!! Look at the price of REAL money, ahem, Gold and Silver. If you are using the government's magical yardstick called the dollar, things might just be looking up.... however if you use the EYES WIDE OPEN approach of gauging the market based on REAL MONEY.... well things are just getting worse. I guess everyone has a job and America is no longer trading in a deficit and there's no trade war that we've lost.
As long as no ones standard of living has gone down it doesn't matter what metric you use. The entire world uses fiat so thats what I go by. Things are still humming along normally for 95 percent of us.
When I say "nobody" i mean a VERY small percent have lowered, but most haven't. In fact most enjoy a higher standard of living because net income have outpaced inflation for over a year straight now.
This country MUST start addressing the thought that older and/or more experienced workers will ALWAYS be more expensive to hire. Salary is always negotiable and if the government starts to address some of the cost issues associated with healthcare, we might (I say might) start moving in the right direction.
Every company should view more experienced job applicants as a plus, but they all immediately view them as too expensive or only willing to work 5-10 years and then move into retirement.
As for us fellows over 50.... We are screwed if we think we will go to work for someone else when there are so many younger talented technically savvy men and women out there that can offer more energy and the gift of youth... I foresee a whole lot of small business start-ups in the near future..Run by us old guys and gals. I hope they all use cash and NO MasterCard or Visa tracking... That way they can steal enough money to survive in their post employment, social security void lives.
I read this article and I laughed myself silly. Just another hit piece before the elections and by the way, I lost my job over a year ago, just when these morons said it happened.
this is why I'm glad I don't buy into to the corporate owned mainstream media propaganda brainwashing mechanism presently in place in this country. I guess the gmac scheme won't affect me much since I already filed bankruptcy...
I am one of the people that can afford insurance but no longer wish to purchase it. I have to pay cash for everything up front, however they give great discounts for that- sometimes up to 50% off the total! Ends up saving me money this way because I rarely go to the doctor :)
We are 6 weeks away from election.I am sure we will see and hear all kinds of things before it is all said and done.Obama has suddenly been going to church and so on.
My family laughs at that also(that we are coming out of a recession).No one I know sees it.I know many that have lost their jobs and still don't have one.
Your right...when they say it is good we know it is bad. Just like 911 they said terrorist...no inside job. We are in danger and so is Europe. It is not cool when 46% live off the government like here in Germany.
Don't tell me you're trying to grow a goatee Reg, they look like crap.
I think the word 'recession' brings about the psychological sense of the word and not the literal one alot of the time. Recessions, by their definition, can only last so long until they become a depression. The bottom line is we still are in a financial hardship. If the NBER wants to come out and say that we are out of financial hardship I think the entire country would either want to laugh or throw eggs at them.
Wow, I wish I would have known that because I have been laid off for 7 months now and haven't been able to find jack. If only I would have known it ended a year ago I could have just told all of the companies I applied at and just got a job....
This is exactly like in 1984. The government says the opposite of what is true, and it sort of works because people are afraid and don't know what to do so they act like they believe it.
I've heard that the Queen of England gave BHO a copy of 1984 as an inauguration present.
Recession: When your neighbor loses their job. Depression: When you lose your job. Recovery: When Obama loses his job. Thought that was funny when I saw it on a protesters sign. We are so f*cked. Just when I thought it couldn't get any worse, my business posted the worst August in 11 years. Take into consideration that 11 years ago it was half the size it is now... Recovery!?! What a joke!
Just a thought.....if all these homes are in foreclosure, and people don;t have jobs anymore to buy them...well from what I see, looks like their dismanteling America and are bull dozing homes and other bldgs. down, to reclaim land. Are they putting us into herds? BAH! BAH!
The ol shaving creme on the ear trick huh DEMCAD! ROFLMBO! 2 funny! I knew exactly what that was as soon as I saw it! At least you were only on YouTube for thousands to see it and not at work! LOL I just love this terminology "they" are using... "Double Dip Recession! What is this?! Is this like a Laker 3peat?! LOL It's recession... then DEPRESSION! They will lie about everything! Making up new economic terms to pacify the masses. LOL I'm not buying it! COLLAPSE IS ON IT'S WAY!
They think that by reversing what they had said earlier will change pplz views on the president and the dems, being election time and all...the MSM thinks we can't see the depression...It is a recession when your neighbor loses their job, its a depression when you lose yours...well, I don't know very many right now with a job or even a f/t one that pays well enough to pay a mortgage or a note on a car...
People, it's going to go down down down, Flat, flat "BOOOOOOOM!!!!!" Off a major cliff!
We're f'd!
Or, they are going to declare a do over with the entire world! hahaha..
"Ok, no one owes anyone anything!" "Do over!"
crazymike44 9 months ago
Hey Demcad, I am to the point that many of the banks are not practicing with honest concerns for their consumers. And that alone was enough cause for the government to intervene in matters like this. What is more troubling is they are not. It is strange that there is a Car Czar but not a Home Czar? Millions of people are losing their homes, millions homeless but the hundred thousand jobs of the car companies was more then enough to rate presidential attention. Something is seriously not right?
giveme5mins 1 year ago
what's that white stuff growing on his ear????
manonamission29 1 year ago
dont you know demcad the recession did end in 2009.........and the depression began.
secretsquirrell13 1 year ago
I have renamed the GOP Pledge to America to "Plague On America." God help us all if the Republicans gain control of the House and Senate
cuz4concern 1 year ago
What's the white powder on your ear lobe?
yuppyguitar1 1 year ago
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39 seconds ago
I wish these people who are in their 60s & already have a good pension would RETIRE! Let somebody younger than you have your job. I mean, if you have plenty of money & you don't need a job, you can help the unemployment situation by quitting your job.
MishuTaste 1 year ago
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MishuTaste 1 year ago
I'm turning 50 soon, and I haven't worked in a year and a half. I've had thoughts that I might not work again either.
mja2035 1 year ago
How many people? Plenty.
Anothercoilgun 1 year ago
The recession is over, and the Depression has begun. Good luck everyone.
lindabebe835 1 year ago
goatee..
bertmarx 1 year ago
dem dizzle....
bertmarx 1 year ago
Yes, the recession is over. The greatest depression has begun!
stevey65 1 year ago
@DEMCAD
Go to court and ask the Bank to produce the NOTE!
When they can't produce the NOTE (because they monetized it. Converted it to money.) the case will be dismissed!
You don’t have to repay a dept when the lender has been restored. By monetizing the NOTE the bank was restored. Why did the bank do that? To have their cake and the principle and interest paid in each month too (aka Greed).
Banks print money by typing on the computer.
fsoiberg 1 year ago
@fsoiberg People cannot get a fair and impartial hearing according to law either when they are being evicted nor when they are being foreclosed upon. There is a scam with the Clerks of the Courts in the County where the foreclosures are taking place. I am trustor of the real estate division of the Bank of America. There is just a series of frauds related to fraudulent records of my DEATH and the US attorneys including DHS Janet Napolitano with REITS by marriage partner 30 years ago. INDICT OBAMA
HoneySiegalSurvivor 1 year ago
This has been flagged as spam show
Go to court and ask the Bank to produce the NOTE!
When they can't produce the NOTE (because they monetized it. Converted it to money.) the case will be dismissed!
You don’t have to repay a dept when the lender has been restored. By monetizing the NOTE the bank was restored. Why did the bank do that? To have their cake and the principle and interest paid in each month too (aka Greed).
Banks print money by typing on their computers.
fsoiberg 1 year ago
If you are concerned about prolonging the “recession”; first it is not a rescission or a depression, it is a war that has been waging since 1776. King George impose Currency (money w/dept) and the Colonies revolted. Since then the Banks have been trying to own the World. They will not stop until they are defeated or you and everything on this planet is owned by them. Don’t take my word for it. Do your own research. Search: Freeman on the land, Edward Mandell House, Creature from Jekyll Island
fsoiberg 1 year ago
My line of work is on of the most dog eat dog. Yet I turn down 1-2 contract jobs every week. I think part of the real story here is clients don't want to deal with dead weight. They can have something done overseas or can find someone better on the net.
Meaning: the bullshit cards have been pulled. Lazy shiftless people can no longer hide. Those jobs are never coming back for you until you can show you are worth hiring.
Most blame Obama, but there's an influence thanks in part to the net.
judutchinski 1 year ago
GMAC is basically insolvent. If they allow all those foreclosures to happen they will realize losses currently hidden by a variety of accounting tricks. If they let all the new inventory flow at its own pace, even their clever accountants won't be able to hide the obvious. They need to "bleed" the patient over several years instead of causing an immediate "hemorrhage!"
REOGURU 1 year ago
Well...Maybe Flint will make a come back now. The Construction business has gotten a little better, but we are a long way from being where it was. No one believe the governments bullshit anymore.
Uwiluz60 1 year ago
@DEMCAD I live in Las Vegas and I,m a Maintenance Engineer at the Flamingo Hotel & Casino and got laid off 2 years ago for 6 months They called me Back Because I'm union but it is Bad out here there ( Flamingo ) Part of Harrahs entertainment thats saying there Broke But they are buying up everything, they own almost Half the Strip. and now there talking about layoffs again it always happens around the Holidays which sucks Because I have a 4 year old
tacticoolness 1 year ago
Hey DEMCAD, it looks like you have a "There's Something About Mary" situation happening on your ear.
carnageoffender 1 year ago 2
GMAC had to stop because court case in Florida shows that banks were attempting to foreclose on houses they didn't own by submitting fradulant docs. Bank buyouts and selling CDO's changed mortgage ownership but not recorded at the courthouse. Mortgages were put in a holding company's name so they could sell CDO's, but they sold them many times over - through derivitives-thus the crash of 2008. Now banks are trying to foreclose the property to steal the houses and make more $ in fees.
faylow105 1 year ago
Most people can not understand that a Dow number that is rising means the Dollar is inflated. When Gold and the Dow goes up then the Dollar is going to fall. Look for a Dow to hit 20k... It will not mean anything when the dollar is worthless and Gold is impossible to buy and your wages are still in the 90's
btigtime2 1 year ago
Very informative video; thanks for the information. Sorry I missed your program last night.
mylynn57 1 year ago
Lady gagas gonna run for president and get us out of this economic collapse!!
evisceratednation 1 year ago
proverty ?
Gitanu07 1 year ago
Obama brags about how many jobs were created. What he fails to mentions is how many more than that were lost. He never mentions how many net jobs were lost. We all got his number.
jimbobubbadj 1 year ago
Oh they didn't lie the recession is over we have now hit depression.
esya1987 1 year ago 2
CNBC was pushing the article all day on Monday. I found it funny.
DontMeanWell 1 year ago
They'll tell us in 2012 that we're in a recession right now. Apparently it takes 2 years to run the numbers.
drutter 1 year ago
I have a GMAC mortgage - scary!
MrThriveAndSurvive 1 year ago
They are absolutely right! The Recession IS over!
What they forget to tell us is that THE Depression is now here!
stephanwolf 1 year ago
@stephanwolf
"Collapse" is more like it!
drutter 1 year ago
@drutter Yes!... Yes it is
stephanwolf 1 year ago
You have shaving creak on your ear..... LOL!
FollowerofYahuwah 1 year ago
the mainstream news media and obama/soetoro camp seem to be saying, "the economy is just fine and if the unemployed would just get their heads out of their butts..."
smedheat 1 year ago
i'd say its over when me and everyone at work get back on a forth hour week instead of 32
practicalskills 1 year ago
hey i have a gmac mortgage!! woo hoo! guess i ll live in my home for free! hot diggity dogg!
DallasB1000 1 year ago
the recession is over up until the christmas holidays are over.
gerryboy101 1 year ago
Hmm...the grocery baggers in my part of this globe used to be young kids(12-15)but all of a sudden they're being replaced with seniors,....lol...only thing is informal black market economy,....more than likely their only "wages" are the tips the customers give 'em!=P
The Recession's OVER,....YAY!!!!!!! These feds are something.....
qualqui 1 year ago
The biggest problem is the lack of jobs
means countless business failures and
and little tax money to pay china debt
most of our taxes goes to military expense
most of our oil is for the military.
visionseeker50 1 year ago
You have shaving cream on your ear. Sorry, but I couldn't stop looking at it. It's kinda like when the teacher would erase the blackboard but she would miss a little spot of chalk and it was all you could do to not run up to the board and erase it.
carp1844 1 year ago
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ronald6838 1 year ago
Nice "evil beard", DEMCAD.
geir44 1 year ago
is california included in the gmac foreclosures, they have my mortgage and have never been willing to help at anything????
redline1189 1 year ago
Right, recession is over, that must really increase the odds of the Democrats keeping the house. What happen to the Alt A and Option ARMs that begin resetting en masse in Oct 2010? What happened to the commercial real estate collapse coming in 2011? I love all the OFFICIAL government statistics. Such bullsh*t.
rayme4raw 1 year ago
My fear is that the recession WAS over in June of last year, and they know what's coming next. The new part, the impact of our deficit, lack of manufacturing base, inability to compete globally, disenfranchisement of the USD, that's gonna be a new thing. Real: no one in this country seriously wants to see millions suffer, and they'll do what they can to prevent it. Their very actions may also make it happen, or make it even worse. We're in tough times. Hope for the best and plan for the rest.
RSands65 1 year ago
I heard about the june 2009 end date in early 2009. i think jim cramer menetioned it
Zac6230 1 year ago
Recession is over? Don't piss on my leg and tell me its raining.
NovusChaoMundi 1 year ago
The recession for the elite is over. The Depression and Martial law next year are just gaining momentum.
TheStealthCamper 1 year ago
You're one of the few people on youtube that has a brain! Thanks for your videos, I subscribed!
slit555 1 year ago
cant wait to be on the air with you tonight DEMCAD. Should be a great show. We have so much to talk about.
pulsescan72 1 year ago
@pulsescan72 I'm on Skype, too.
DEMCAD 1 year ago
@DEMCAD
I HAVE NO USED THAT YET. I NEED TO LEARN. LOL
pulsescan72 1 year ago
i get it demcad youre still not getting laid ..im sorry bro
excaliburdd 1 year ago
What's on your right ear?
KagarBeardtooth 1 year ago
Help is coming. The tea party and Satans bride from Delaware will save the USA.
Bitches and Witches all the Tea Party Movement has.
llothar68 1 year ago
Monday "Mourning" ...my as^2==> How about Wed or Thurs??
Always enjoy your videos and enthusiasm and honesty.
224cc 1 year ago
Yesterday I saw that MSNBC (through msn . com) was saying the recession was over.
Then they had a section to vote on weather the recession was over or not.
Wow, you should see the votes, ha ha.
I recorded me voting and the over all results. I got to get the video up later.
GodGunsGutsGlory777 1 year ago
This has been flagged as spam show
@GodGunsGutsGlory777 I know that faggots can't learn, but it's "whether" not "weather." Apparently, when you resort to sucking other men's cocks, you forget how to spell.
whiteyvanpeebles 1 year ago
My friend told me sometimes he thinks he'll never get another job. I felt really sorry for him.
I think you have to have a very positive outlook and drive in these tough times. Try and offer services and work on a local level. Deal in cash.
I swear if my back was right up against the wall, I'd offer to change cam belts for cheap. They're a pain in the arse to fit, but that's why they're expensive to change. The belt is actually really cheap.
stuntpea 1 year ago
Is that shaving cream on your ear Reggie?? lol
unclewooly 1 year ago
The recession ended, the depression began.
BMWg84 1 year ago
yeah and dont forget that the Iraq war is over too
BRGxRandomHero 1 year ago
Isn't it great?... deadbeats stop paying their mortgages and are allowed to remain in their homes. It must be nice to have no rent for 1-3 years. We are living in BIZZARO WORLD!
I am financially responsible which means I get nothing.
JP5466 1 year ago 2
Dollars drops and the market is still down to flat..but not gold, wait for another raid on the LBMA...Will be listening on my I phone to your show.
zoeybigdog 1 year ago
Dollars drops and the market is still down to flat..but not gold, wait for another raid on the LBMA...Will be listing on my I phone to your show.
zoeybigdog 1 year ago
Don't you get it!?! So long as Wall Street - DJ, S&P 500 ... recover, nothingelse matters. So you people out there unemployed for the last 6 months, 12 months, 18 months or forever - don't matter. You people out there have your home foreclosed living in tent cities - don't matter. 1 out of 7 under the poverty line - don't matter. But how many staff the major corporations and banks can cut staff & costs to yield higher profits - now that matter. This is how they research economic recovery!
yaplonglong 1 year ago
We are looking at a long drawn out economic distress for many years. There will be no sudden collapse as it is designed to wear people down so they give up their freedoms.
All I am saying is just don't expect a sudden collapse because it wont happen by design.
dmcd808 1 year ago
What's going to happen to the 55 and older crowd? Say it with me -
/SOYLENT GREEN IS PEOPLE!
CommentorX 1 year ago
DEMCAD, i don't think the recession is over in Las Vegas. Keep up the vids
zeheero 1 year ago
DEMCAD, i don't think the recession is over in Las Vegas.
zeheero 1 year ago
When are they going to admit we are in a depression after we have gone to war with Iran. That is the governments only way to create jobs go to war reduce a lot of the population. Find a way to consume a lot of junk. DC what needs to happen is they need to take those shipping containers place walls and doors in them for the HL you get a 5x8 room for the night that you can lock have hooks on the walls for hammock hanging so you areHL you take your bed with you. That would save many from the pimps.
cdltpx 1 year ago
This comment has received too many negative votes show
Reggie what does it take for you to say the recession ended? Income is outpacing inflation, there is job growth every month in the private sector, inflation remains low, stocks have rebounded nicely, foreclosures are down since end of 2009, retail sales are back to normal. Do you need a 1000 dollar check mailed to you before you think the recovery exists? LOL
skyding8962 1 year ago
@skyding8962 I can answer that. It'll be over when I dont see my bro acting like a nervous wreck trying to find simple construction work. It'll be over when my dad stops struggling trying to find a job for the last 2 years. It'll be over when one day we wake up and our dollar is worthless and a depression hits. So your still living in a bubble world skyding, go back to dreaming and stop spreading false crap. Your spewing crap from your mouth like the media and no one wants to hear it.
coldfire2227 1 year ago
@coldfire2227
Those are personal stories. They aren't the big picture. I could give you a sob story too based on whats happening in our household, but I still don't think were in a recession based on the big picture.
skyding8962 1 year ago
@skyding8962 When the jobs come back. lol
When you're adding 300,000+ jobs to the economy month after month.
300,000+ per month for at least 6 months.
DEMCAD 1 year ago 4
@DEMCAD
OK, but there isn't an economist in this world that uses that as a measure since jobs usualy come back AFTER a recession. There has never been a recession where the jobs came back during a recession.
We may not be adding jobs as fast as you like, but were not losing jobs so therefore we can't be an recession.
skyding8962 1 year ago
@skyding8962 "OK, but there isn't an economist in this world that uses that as a measure since jobs usualy come back AFTER a recession."
LOL. I don't care what economists say! Why would anyone learn to them?! They've been wrong about everything! They didn't even see the recession coming, so why would I care what they think?
DEMCAD 1 year ago 3
It's been a year since the so called end of the recession and the jobs still having come back. And yes, we are losing jobs. You have to add 100,000 just to break even with population grow.
DEMCAD 1 year ago 8
@DEMCAD
I realize its not keeping up with population. Ive also said many times that high unemployment will be the new normal. Many of these jobs were phony and not needed. As I said a few other times there is about 4 million other jobs that are out of balance and need to go too. We simply have too many government and service sector jobs for our economy. Get used to 15 percent unemployment nationally in a few years. That doesn't change its not a technical recession.
skyding8962 1 year ago
@skyding8962 what do you mean we aren't losing jobs?
Floridaprepper 1 year ago
@skyding8962 Do you really believe the bullshit that you spout so often, or do you just do it for the annoyance factor? Just curious because I would love to live in the fantasy world that you so effortlessly create!
elusive1003 1 year ago
@skyding8962 if the jobs come back after a recession then clearly we're still IN a recession as the jobs aren't coming back (forget the government figures, they're pretty much meaningless).
neemz2000 1 year ago
@DEMCAD
Reg, ppl need to understand that all of these jobs that were lost(and still being lost) are not coming back. Employers have learned to do more with less staff and are STILL seeing if they have met rock bottom in terms of employee to productivity ration in case they have to make more cuts. They are also making employees work longer hrs. Morale in the workplace has gone down and even for myself..there is no sense of comradery anymore. People are now only worried abt their own jobs.
Rototill27 1 year ago
@Rototill27
Yeah the jobs aren't coming back. Actually there is an extra 4 million jobs right now that are supposed to be cut because they are out of balance with the rest of the economy. I think that estimate was being conservatieve too. Bottom line is high unemployment is our future. Recession or no recession you people are going to have to get used to it, or become self employed so you won't have to worry about finding a job or losing one.
skyding8962 1 year ago
@DEMCAD Wrong over 8 million jobs have been lost, just to get to pre-recession levels you have to create 300,000 jobs every month just to get to pre-recession levels of 2007. GUESS WHAT? not going to happen.
DIJV79 1 year ago
the recession is only over for the few superrich.
KripDrip 4 months ago
@skyding8962
I agree that the recession is over "by definition" but in terms of the bleeding and purging of jobs...it hasn't stopped...at least where I am from. I still hear about people getting laid off everyday. I just think that most employers have gotten to a "bare operating minimum". I still believe we are in economic turmoil..esp. after what I read today. When the FED is panicking and economic advisors are resigning..SOMETHING is gravely wrong.
Rototill27 1 year ago
@skyding8962 When my 3 year wage freeze ends, we start selling at the volume we were (at work), "real" unemployment drops to 10%, produce prices go back down and housing prices go back up, the the ratio of private vs fed contribution to the GDP reverses. That'd be a good start. Kick in a drop in the deficit, then I'd say the recession is over. Not likely in the next 4 years, and if the igits keep trying to fix things it may get a whole bunch worse.
RSands65 1 year ago
@RSands65
Thats never going to happen in your lifetime. NO such thing as a 50 year recession. Try another measure.
skyding8962 1 year ago
Isn't that an amazing fairy tale? A year and a half since the end of the recession?
sustainablehome 1 year ago
I've noticed Peter schiff didn't come out with a video yesterday about the recession ending. Hmmmm **crickets chirp*
We may not enter another recession for 5 years. I have a feeling thats whats going to happen now. It will be a slow grind from here on out, but no more doom and gloom.
skyding8962 1 year ago
i don't understand how patricia read could be an internal auditor without an accounting degree. all the information was probably vastly over her head and she got fired because she was inept
kroovyandcal 1 year ago
@kroovyandcal
Exactly. Recession just brought out the most efficient and QUALIFIED people for the job. The rest of the people will get fired or not find a job.
skyding8962 1 year ago
Makes me wonder what "recession" means to them. As someone barely in the workforce, what i see is struggle just to hang on, not recovery.
choody34 1 year ago
funny how it all is rosy just before election time. did we somehow lower the nations debt and create so many jobs that people can actually bank some money instead of doggie paddling and going under. nothing has changed, it's just phase 2 of stimulus money entering the system that our selves and children will be accountable for. good grief!
yrulooknatme 1 year ago
you have cum on your ear.
mastershakelock 1 year ago
if u r in Flint Michigan, there is possibility that the recovery hasn't got to you yet, just b patient, it's coming.
nyc10101 1 year ago
@nyc10101
Its never coming to flint.
skyding8962 1 year ago
These NBER idiots only have it half right IMO: the recession may have ended in June 2009 - and the DEPRESSION began from there.
Can't believe these "elite" clowns. First they lied profusely & said that there was no recession at all. Now they're admitting that there was a recession - yet lying about it ending in 2009? So MILLIONS of unemployed & homeless Americans are just a mirage?
It's easy to lie about a recession/depression not existing when YOU don't have to live with the losses.
ANewDay2007 1 year ago 6
@ANewDay2007
No the depression didn't "start there". Thatrs stupid. The recovery started there.
skyding8962 1 year ago
SILVER JUST HIT .....21.00 $ PER OZ
double carrot ration
for bug out donkeys
and bug out bunnies
take care guys...
some thing wicked
this way comes
chena3 1 year ago
great,its over!! now can i have my job,truck and house back? no its not a song and no its not a joke...but we know what this report is...****!!!
grafdale1 1 year ago
WOOHOO recession is over! Hey wait a minute...WTF MY DOLLAR IS WORTHLESS! Sorry NBER I dont believe it, but nice try. It probably means were hitting a depression soon. And why do I see more houses for sale lately? Getting more water this weekend along with ammo when I hear articles like this.
coldfire2227 1 year ago
@coldfire2227
If you don't want your dollars then Ill take them. Mine work just fine.
skyding8962 1 year ago
I'll be on Wide Awake Radio tonight at 8pm. Hope you can come! (Link in the description box)
DEMCAD 1 year ago 3
gmac was bought by fanny and fredie,who is owned by the government,gm post a billion dollar profit,the same amount they sold gmac for.im 50,no jobs at all.now i hurt myself while working cash job and i can no longer do that.i have no income,denied food card or any help.im screwed.2 kids in college.im screwed.did i say im screwed.wall st journal said let the unemployed starve themselves back to work.i say put the corrupt bankers in jail.start at the top.
ducklamb1 1 year ago 2
What killed me was hearing that if there is another recession....it will be a new one,and not an existing one.So that's how they'll cover their asses...even though they are all full of shit.
My neighbors and family sure haven't seen this so called,end of recession.
Zoritsa 1 year ago 3
@Zoritsa
Just because you haven't seen the end of the recession doesn't make it true. The world is a lot bigger than YOU and your pity story. Don't be stupid.
skyding8962 1 year ago
@skyding8962 the world is also a lot bigger then the propaganda you obviously adhere to. Empirical data and real data simply doesn't match with the government line.
DigitalSkyline 1 year ago 2
@DigitalSkyline
It matches on my end.
skyding8962 1 year ago
The Federal Reserve on Tuesday warned it was concerned about the potential outbreak of deflation, laying the groundwork for buying government bonds at future meetings.
“Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability,” the statement said.
skyding8962 1 year ago
@skyding8962 Who would be stupid enough to buy bonds from a goverment already $12 trillion in debt? That's just throwing good money after bad.
CommentorX 1 year ago
The recession IS over... WOOO HOOO... just in time for election season! Obama DID IT !!!! Look at the price of REAL money, ahem, Gold and Silver. If you are using the government's magical yardstick called the dollar, things might just be looking up.... however if you use the EYES WIDE OPEN approach of gauging the market based on REAL MONEY.... well things are just getting worse. I guess everyone has a job and America is no longer trading in a deficit and there's no trade war that we've lost.
DigitalSkyline 1 year ago 3
@DigitalSkyline
As long as no ones standard of living has gone down it doesn't matter what metric you use. The entire world uses fiat so thats what I go by. Things are still humming along normally for 95 percent of us.
skyding8962 1 year ago
@skyding8962 No ones standard of living has gone down? You've got to be kidding.
DigitalSkyline 1 year ago 2
@DigitalSkyline
When I say "nobody" i mean a VERY small percent have lowered, but most haven't. In fact most enjoy a higher standard of living because net income have outpaced inflation for over a year straight now.
skyding8962 1 year ago
@skyding8962 I want some of what you're smoking!
DigitalSkyline 1 year ago
@DigitalSkyline
I don't do drugs or drink. Which may explain why I think clearer than everyone else here.
skyding8962 1 year ago
@skyding8962 You'd like to think so. To me it sounds like you're tripping.
DigitalSkyline 1 year ago
@DigitalSkyline
The greatest minds are never understood. :)
skyding8962 1 year ago
old people are going to be eating cat food.
mrvanntastic 1 year ago
@mrvanntastic We will ALL be eating cat food... Not the gourmet type either.....
waypastprime 1 year ago
This country MUST start addressing the thought that older and/or more experienced workers will ALWAYS be more expensive to hire. Salary is always negotiable and if the government starts to address some of the cost issues associated with healthcare, we might (I say might) start moving in the right direction.
Every company should view more experienced job applicants as a plus, but they all immediately view them as too expensive or only willing to work 5-10 years and then move into retirement.
abqturkey1 1 year ago
SIMULTANEOUS bubbles in equities, bonds,
precious metals and commodities.
not too mention the big bag bubble ...for donkey chow
silver gold just went straight up ..
take care ...
chena3 1 year ago
As for us fellows over 50.... We are screwed if we think we will go to work for someone else when there are so many younger talented technically savvy men and women out there that can offer more energy and the gift of youth... I foresee a whole lot of small business start-ups in the near future..Run by us old guys and gals. I hope they all use cash and NO MasterCard or Visa tracking... That way they can steal enough money to survive in their post employment, social security void lives.
waypastprime 1 year ago
recession over? Now they are just taunting us on purpose.
TheNewRight 1 year ago
I read this article and I laughed myself silly. Just another hit piece before the elections and by the way, I lost my job over a year ago, just when these morons said it happened.
Cinemaguy2007 1 year ago
wow ressession over ?? no one told me lol
snooch1975 1 year ago
Excellent vblog as usual
BloodguardGorak 1 year ago
LOL! Recession has been coming to an end since 2007, just like the US has been pulling out of Afgan since 2002.
smasila 1 year ago 3
this is why I'm glad I don't buy into to the corporate owned mainstream media propaganda brainwashing mechanism presently in place in this country. I guess the gmac scheme won't affect me much since I already filed bankruptcy...
ma23gh 1 year ago 2
I am one of the people that can afford insurance but no longer wish to purchase it. I have to pay cash for everything up front, however they give great discounts for that- sometimes up to 50% off the total! Ends up saving me money this way because I rarely go to the doctor :)
Republican4U2Envy 1 year ago 2
The recession is over. (audience explodes in laughter)
shanejoel2 1 year ago 9
@shanejoel2 Reggie is working on getting a laugh track for these kinds of things
Zac6230 1 year ago
TALK ABOUT THE NEW OBAMA DOLLAR !
COME ON
MirageScience 1 year ago
@rbesco55 Good luck :)
Republican4U2Envy 1 year ago
when
head is up butt ...
ever thing is
backward looking indicator
chena3 1 year ago 2
is that hair gel? LOL again good video brother
pdot04 1 year ago
LOL makes me think of the movie"Theres Something About Mary"!
mycomama 1 year ago
@mycomama lol me too
BloodguardGorak 1 year ago
If they are 55 and over and unemployed... they will have nothing :(
HyperReport 1 year ago 3
Perhaps its similar to rating Mortgage Backed Securities AAA?
StillToListen 1 year ago
We are 6 weeks away from election.I am sure we will see and hear all kinds of things before it is all said and done.Obama has suddenly been going to church and so on.
My family laughs at that also(that we are coming out of a recession).No one I know sees it.I know many that have lost their jobs and still don't have one.
noahsark1962 1 year ago 5
@noahsark1962 LOL Yeah, I read about that.
DEMCAD 1 year ago
lol nice to see im not the only one thats happens to
DRAG0N1313 1 year ago
Shaving cream.... Hilarity.
EdderCMG 1 year ago
Your right...when they say it is good we know it is bad. Just like 911 they said terrorist...no inside job. We are in danger and so is Europe. It is not cool when 46% live off the government like here in Germany.
mari0228504 1 year ago
Don't tell me you're trying to grow a goatee Reg, they look like crap.
I think the word 'recession' brings about the psychological sense of the word and not the literal one alot of the time. Recessions, by their definition, can only last so long until they become a depression. The bottom line is we still are in a financial hardship. If the NBER wants to come out and say that we are out of financial hardship I think the entire country would either want to laugh or throw eggs at them.
doc7474 1 year ago
@doc7474 actually its called a vandyke
9secondsflat 1 year ago
Wow, I wish I would have known that because I have been laid off for 7 months now and haven't been able to find jack. If only I would have known it ended a year ago I could have just told all of the companies I applied at and just got a job....
facestomp88 1 year ago 2
Jim Rickards believes the dollar is collapsing. This Fall and Winter will be interesting.
DEMCAD 1 year ago 4
@DEMCAD
I don't put my faith in man.
skyding8962 1 year ago
This is exactly like in 1984. The government says the opposite of what is true, and it sort of works because people are afraid and don't know what to do so they act like they believe it.
I've heard that the Queen of England gave BHO a copy of 1984 as an inauguration present.
JesusDillinger 1 year ago
It took me a year and a half to find a job, I turned 60 this summer, now making what I earned in the 70's, No debt helps though. Strange days folks
CTOL1 1 year ago
demcad shove a tissue in your nose and do the next video let it hang
gasdorf 1 year ago
MrColt45acp 1 year ago 3
Just a thought.....if all these homes are in foreclosure, and people don;t have jobs anymore to buy them...well from what I see, looks like their dismanteling America and are bull dozing homes and other bldgs. down, to reclaim land. Are they putting us into herds? BAH! BAH!
misscoconuts2u 1 year ago
grow that beard out.... you'll look like Warren Sapp!!
The recession may be over, it's now a depression.
YouSayYouWantA 1 year ago
@YouSayYouWantA LOL!
misscoconuts2u 1 year ago
The ol shaving creme on the ear trick huh DEMCAD! ROFLMBO! 2 funny! I knew exactly what that was as soon as I saw it! At least you were only on YouTube for thousands to see it and not at work! LOL I just love this terminology "they" are using... "Double Dip Recession! What is this?! Is this like a Laker 3peat?! LOL It's recession... then DEPRESSION! They will lie about everything! Making up new economic terms to pacify the masses. LOL I'm not buying it! COLLAPSE IS ON IT'S WAY!
Tonytime1 1 year ago
I am still waiting when the transition to make a home garden should happen.
There hasn't been a clear sign yet, if that will ever happen, God forbid of course.
LeathermanFan 1 year ago
Comment removed
LeathermanFan 1 year ago
They think that by reversing what they had said earlier will change pplz views on the president and the dems, being election time and all...the MSM thinks we can't see the depression...It is a recession when your neighbor loses their job, its a depression when you lose yours...well, I don't know very many right now with a job or even a f/t one that pays well enough to pay a mortgage or a note on a car...
shineurs2 1 year ago
Didn't you read your home page? I gave you that link DEMCAD
AfricanMadman 1 year ago
Their statement that the recession is over