OK i think you are right, but if you aren't right and the collapse doesn't happen by the end of the year or doesn't happen at all, you are dead for me!
a strong Euro is vital to US geopolitical influence on the eurasian continent. A divided Europe precludes US adventure in Central Asia, caucusus, south asia etc. via NATO.
Greece took in almost 6.3 billion euros ($9.25 billion) more from the EU's budget than it paid into it in 2008, according to the EU commission. Greece is, and always has been a burden to the EU. Bail outs are bad news and the one for Greece is the most ignorant to date. Make them sell their gold.
@ENGUNI maybe we took some more money i dont know,but do you know which factory closed before some years to move in bulgaria in order for EU to take them as a member?the factories went away from greece because EU wanted them to go away to achive its goals,and what are the goals?EU to have a lot of members so no taxis for products to a lot of countries in order for the germans to sell cars and even food everywere,about the gold,go tell the germans to give it back to us and we will give it to you
and we wont pay any price,at least it wont be more than the one you are going to pay,the cricis is yours and its for you too,if we become poor you will too,and you have to pay a lot to this world,we as greeks we will find our way when real greeks polititions take over the country,for now we are pround that we, together with our lazy character(as you say)brought capitalism down
The 1000 points drop was really good. Because it helped wake up some people to the fact that the game is rigged 100%. What we saw was a market capitulation and a "shake-off" started by the biggest players. They made a TON of money dropping all those stocks to crazy lows and then buying everything back at lower cost!
It was a prequel to what will eventually happen to the whole system... Like it or not, almost all the stocks will go down. It will be a total system collapse.
jberni, your videos are very valuable to ppl in North America. We know that what happens in the EU will happen here. The dollar is rising because ppl are fleeing the euro, but that might not last. Keep up the good work.
I have never liked Greece. They have been a burden in the EU and always taking much more than they give. It is their fault Cyprus is still divided. The best call here would be for the EMU to ask Greece to do a currency reform. It would send a message to the world and the other PIIGS that the structure of the euro is sound and it will not allow rule-breaking countries to drag it down. I was very unhappy when the Swedes voted down the EMU, but right now the SEK buys more.
@ENGUNI i could say that we dont like you either but its to small,because i think nobody in the world likes you and thats bigger and iam sure i can represent the intire world on that,secondly you say things that are bullsit,EU took from greece everything for what they gave back,they took any production of the country even in food matters,and let me tell you that when we were fighting nazis you the good zionist child declared neutrality..i wonder how hitler didnt let us be a neutral nation too...
@aargirhsmil How old are you?12 years old it sounds like. By the way it is entire world not intire. Go and read some credible facts about Greece and please try not to be hateful. I am just saying that Greece did not follow the rules and cooked their books to hide debt and they need to pay the price. In May 2004 Newsweek had an article about Greece and EU funds The bridge to nowhere. They spent billions (from Brussels) on a bridge that was useless.
@ENGUNI you must ask this question to your self,because at first you read and believe" newsweek",by the way did this newspaper had some article back in 2004 about leeman brothers?about my english they can be better,i simply dont pay much attention for a low value language like you because mine is superb,you dont know what happened in greece and you speak throw "news week"sheep,all the countrys cooked their books(germany too)but again you read "newsweek"
I just listened to a Mr. W. Engdahl on Greece and the Euro. He basically said that this is deliberately hyped by the financial media from London to USA to wear down the Euro to prop up the sterling and the dollar.
What is your take on this?
Here is the link, please delete all spaces: youtube (.) com / user / gold to the moon # p/a /f/0/y8 RFBLRW mis
The gold has fallen today. Germany will try to defend the Euro since Germany today exports more to EU- members then they would be able to without the Euro. Now they dont need to worry about a strong D Mark. Its in the western worlds interest to see massive inflation all over the world. That will come, as the EU now also have the same interest as the US.
@JohnnyGGN That will reduce western debt and Chinese holdings and rebalance the world economy. China: a LOT of Chinas growth is in fact inflation from real estate. That will collapse soon. And China will never be able to get their money back from the US, as the USD will start sliding if they stop buying US debt. If they start selling, the US will fall even more, and the chinese currency will be to strong. China is trapped.
Europe may need a haircut, but this man doesn't. Where is your coffee anyway? You keep speaking of coffe but are never seen with any. Has it been trimmed from your budget?
The European Central Bank(ECB)is now accepting Greek bonds of any rating as collateral,nice way to circumvent Germany.Also German should be aware that they cannot be forced to lend to Greece or any other PIIGS,but may do so "voluntarily".Your politicians will be along soon to lie to you about this.
Ich kann mir einen Fortschritt zu DM2 auch nicht vorstellen. Zb der EU-Reform-Vertrag wurde nicht umsonst diktatorisch durchgesetzt. Die werden doch jetzt ihre lange verfolgte Agenda nicht aufgeben und eine neue DM zulassen. Diesen diktatorischen BRDDR Politikern ist so ein Schritt in die richtige Richtung keinesfalls zuzutrauen. Ausser bei entsprechend negativem Umtauschverhältnis. Eher passt ein Ankerseil durch ein Nadelöhr, als dass BRDDR Politiker im Interesse der Deutschen handeln.
What do you say the constant refrain I hear in the United States, that all of the money essentially being printed by the Federal Reserve is tightly locked up within the banks and they aren't lending on the basis of this newly printed money, so inflation is likely but hyper-inflation is not? I don't believe that, but that's what I constantly hear. I don't see how they can actually keep all of that money from entering the market through government benefits, lending, and other actions.
The German people are so hard working and save a boat load of useless Euro's - just to prop up those that are not (most of Europe) Bring back the Mark - so I can buy a great currency
@JimGraham1973 AGREE! Why fleece the Germans? Why punish the hardest working and most responsible people in Europe to pay for the most irresponsible and reckless people in the EU? BRING BACK THE DEUTSCH MARK!
I suggest greece lease its islands to germany for 99 years like hong kong was leased to the british. Let all the white germans get on the beach and get a sun tan and turn brown.
That's the only way greece can repay the germans. Otherwise its hopeless. There's no way to pay back this debt unless greeks are willing to turn into slaves for the next 20 to 30 years.
@orangedac Why lease when you can own? Greece should just give the Germans some of their islands right now-just for the money thrown away by the Germans already. As for the Greeks becoming slaves, I don't know, from what I can tell they wouldn't be worth the money spent on feeding them :)
@joel1923 The Germans will force the Greeks to pay off the recent weapons purchases ( tanks & subs ) as only about 80% was paid off towards the U-214s they ordered and much of the loan given will go towards paying off the weapons + interest.
Those who purchased billions in Greek debt recently stand to lose everything when they default. I won't blame Greece for that as this will be their own doing, people should be aware and liable when making such "risky" and stupid investments.
@joel1923 i think you dont deserve any food on this planet because you cant produse life, something planet needs go on by the fact that you are all gays,second who told you that germany gave us money and when?you forget that we are USof europe,the common cash desk gave us because they wanded us not to work but to consume from them their products idiot,so they could sell mercedes crap and even cow meet to mainly agricultural country of greece,did you know that?do you know what they owe us?(ww2)?
@aargirhsmil You're a prime example of cry baby politics. The Germans owe you nothing. They've already thrown billions at your corrupt, 2nd rate country. Greece lied and cheated about their debt situation just to enter the EMU, and now YOU cry? Perhaps if Greece had behaved HONESTLY from the beginning you might not be in such a dire position?
@joel1923 allways here in greece we lived very good,we didnt expect EU,the only thing it was hard for us was the car because it was expensive dew to taxis,EU not germany paid us in order to stop production in anything you can imagine,even our food wake up,and thats why our depth grew up,we pay money for guns because you are allways friends(even if they fucked you in kallipolis)with the barbarians and never with us,finally the greece is the only country germans didnt pay for the destruction(ww2)
@joel1923 As far as EU regulations ruining large segments of the Greek economy, you shouldnt have signed up for it in the first place. I have never believed the EU was good for anyone except for professional civil servants.
@joel1923 . A major problem with Greece is that the Greeks are major tax evaders-taxes MUST be paid to maintain public works, roads, schools, etc. Another major problem is that the Greek government is corrupt and has a massive civil service. These have all contributed to your nation's downfall.
Greece has been living way beyond its means for too long; time to come back to Earth. Europe was wrong to bail out Greece. Europe should have just cut thier losses. I feel sorry for the German taxpayers...
@ypruss That sums up what's left of the Greek economy quite well: prostitution. You have nothing left, so you might just have to whore yourselves out just to survive.
@ypruss You're making a crude joke out of your nation's situation-but I'm being completely serious. Your nation is bankrupt. Your economy is in shambles. And with riots taking place, I can't imagine tourists will be flocking to your country anytime soon. I don't see anyway out for Greeks. Your will end up like the Argentines in 2001: pimping out your daughters just to buy food.
@joel1923 we will give to them the longest of our three, and to you a nice ram with the horsewhip,because you are british and you like staff like that
Not that I don't believe you it's just that I use to rely on the "experts" on the MSM and I don't want to make the same mistake twice. So when you from an opinion please tell me the basis of that opinion.
do you think the collapse will come BEFORE the November elections in the U.S. This will fulfill Rahm Emanuel's comment that "No Good Crisis Should Go to Waste". I predict Obama will seize power under the Patriot Act as Unions paralyze the cities in rioting and looting. He will suspend the elections and the Government "Of the People, By the People and For the People" will perish from the earth... forever
Don't you think this is a little bit silly? Like it's all "a part of their MASTER plan", of course why didn't we realize this earlier, I should've know that socialist Obama would try something like this.
You are absolutely correct that there is not much room left to act. Especially with the EU now firing all the amo to extinguish the Greece problem. There is mor harm done than anything else as the austerity measures will crash the BIP and tourist industry is bust anyway as the ensuing protests will bring just a few tourists into the country this year. Giving them 50b for free would have been more productive than the bs opera being performed right now.
People are enslaving themselves with personal debt. When you owe most of what you make to others then you are working for them and not yourself. Nations are doing the same thing. I have heard predictions of the EU breaking up due to debt.
If Greece is deffinately bailed out then I would imagine that the rest of the PIGS will also eventualy be bailed out. This is very bad for the Euro and could then cause interest rates to rise as more Euro countries Bonds get labeled as "junk" by S & P and react by offering higher and higher rates on their bonds.
S&P, Moody's & Fitch are all complicit in this massive fraud and deception. I sent these agencies a letter just after the crash and blamed them for it. They sent back a cease and desist letter for harassing them even though I never wrote one threating word or even a swear word.
To bail out Greece would mean the COLLAPSE of the EU.
Something will happen but Greece cannot be rescued by other EU countries.
The EU countries are having problems with their own debts. What a stupidity to "help" with more debt to Greece when your own country will not be able to pay its own!!!
I was asking to myself the same thing. There's deflation and Germany is doing everything for not letting free money sweep into the system (see the heavy yield imposed on the bailout). At about 1.29 there's a huge support and I hope in a bounce, at least.
I like very much your vids. Congratulations. Greetings from Südtirol
Yes it is kind of like trying to save a luxury cruise ship by bailing out the ocean starting from the ocean floor! I would just Default and create a local currency based and backed by Greece's natural resources and future tourist revenue streams. The same scenario for your Spain. Take ahold of your own destiny while you still can.
Dr. JB: How come we are spending(personal) so much in the US, the markets keep rising and everyone is singing that the recession is over? For a year plus the markets have been on a straight line up and meanwhile, personally, I have been going a straight line down.
WHEN is all this BS going to catch up with main street AND wall street???
Very good question. My take on this is that MOST PEOPLE HAVE NO STRATEGIES. They just see a mountain of change and they do not want change. They want to settle with the standard of living they have !
Wall Street needs to lure the sheep back into the casino markets so they can close the pens and then slaughter them for any remaining capital they may have retained. Economic class warfare!
@aw3212 i am thinking that the stock market is going up because people want to invest into stocks rather than US bonds. China is no longer buying our debt so the Federal Reserve is buying it instead. This will cause an economic disaster. My personal spending is half of what it was. I think the markets are artificially suppoerted.
@aw3212 I think that this is the result of cheap money the fed has been pumping in. Another way of starting FDR style "public works projects". You give banks cash, they diffuse it into the stock market, brokers, affeliates get paid and people who think they just made a mint start spending it on main street. The money will eventually trickle its way down to you and as it does, the over supply of "free" money will cause prices up . so use it on things of intrinsic value or loose it!.
@aristochat3 the trickle down is never time valued ..... yes it means inflation in the long run....... govts in debt love inflation, no matter what they say or main stream media is hyping about.
as a kid one icer cream costed 5 pfenigs, now the same ice kost 1,20 Euro, remember they swapped DM/pf 1,93 to Euro 1,00 at the time that is 30 year inflation for you, ... but we're gonna get the same within 2-6 years so get ready for big problems
The federal reserve is printing up money and giving it to its member banks. Those banks are pushing the money into the stock market. The debt is basically being monetized this way. People who saved their fiat are being ripped off to the benefit of these banks.
That's how the stock market keeps rising despite no real economic development. This sh&t is going to come to an end soon.
@aw3212 when people were on the titanic they went to the high end of the ship as it was sinking...only the intellengent people got off the boat ...thats what we are seeing in the markets...people are running to the high end of the ship...but the titanic will still sink...no matter what the numbers are now there are no fundimental reasons for the skyrocketing markets here in the US...we are not only sinking we are on fire too
Did you see the news that the French and German governments pressured the Greek government to buy some war ships and sub marines, despite their financial trouble?
'Buy our warships or we won't bail you out'
'France is pushing to sell six frigates, 15 helicopters and up to 40 top-of-the-range Rafale fighter aircraft. '
'The ships are made by the state-controlled shipyard DCNS'
'Germany is meanwhile pressing Athens to pay for a diesel-electric submarine from ThyssenKrupp'
@407buddy a lot of people have already done that - especially here in FL, People dont pay their mortgages; banks don't foreclose? I don't get it, but it's a mess.
Meanwhile the DOW gets all its losses back and more as spending? has increased dramatically.
Amazing what can happen when you have the power to temporarily create Trillions of digital dollars out of nothing. You then have a president appointed Plunge Protection Team to pump those trillions into stocks and futures. An excellent deception to steal real tangible assets or the true wealth of a nation!
Just wait one day the US military will be cleaning up dead bodies while wearing hasmat suits in the streets of NY. 600 thousand Russian, Chinese, and German troops are already stationed state side. This summer is going to be worse than 1968.
I disagree with this theory, I would think that American people would never fire on their own troops but if occupied by foreign troops the 100 million gun owners (400 mill+ guns) would finally awaken the sleeping Giant!
@Rizky06 That would be the case if people would know how to hold & work together. In reality everybody are more likely to panic and turn on each other. In this confusion and chaos (NOT the same as anarchy - the most misunderstood concept.) a planed intervention of some kind of organized military is bound to happen; hell it'll be even welcomed by some! Latter on when this militarized gov. settles in will the people have a common enemy to fight. By then it may as well be to late...prepare for it
one thing people are not talking about is, what about the extra 3 to 4 billion people on the plaint. Yes, if the system that got us here collapses, There is a high chance we will not be able to sustain this population. any thoughts ?
As been stated on U.S. television many times if you borrow $100,000 then you owe the bank. but... If you borrow $1 Billion then you OWN the bank! U.S. $12 Trillion+
Hopefully this is extremely flawed logic I look forward to the future of Austrian sound economics and a currency backed by Tangible assets.
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gelarburbugateify 1 year ago
thank you for the honest and educated information, really appreciated Sir
xx0ODaveO0xx 1 year ago
Comment removed
2551bali 1 year ago
back to DM ( Deutsche Mark) for Frau Merkel ??
2551bali 1 year ago
Don´t blame Greece we are all fooled in to this game and we will all reape.
EU is like a mafia organisation
grinda from Sweden
MsGrinda 1 year ago
OK i think you are right, but if you aren't right and the collapse doesn't happen by the end of the year or doesn't happen at all, you are dead for me!
kalu19991 1 year ago
prophet
jihadage 1 year ago
a strong Euro is vital to US geopolitical influence on the eurasian continent. A divided Europe precludes US adventure in Central Asia, caucusus, south asia etc. via NATO.
kalm77 1 year ago
epic call on the crash. Were you short?
dave997 1 year ago
I live in Europe so I bought gold mining shares and some short etfs on financials I think that is the best play for now.
katchum 1 year ago
Greece took in almost 6.3 billion euros ($9.25 billion) more from the EU's budget than it paid into it in 2008, according to the EU commission. Greece is, and always has been a burden to the EU. Bail outs are bad news and the one for Greece is the most ignorant to date. Make them sell their gold.
ENGUNI 1 year ago
@ENGUNI What gold ? The gold the nazi's stole right ?
Commodorian 1 year ago
@ENGUNI maybe we took some more money i dont know,but do you know which factory closed before some years to move in bulgaria in order for EU to take them as a member?the factories went away from greece because EU wanted them to go away to achive its goals,and what are the goals?EU to have a lot of members so no taxis for products to a lot of countries in order for the germans to sell cars and even food everywere,about the gold,go tell the germans to give it back to us and we will give it to you
aargirhsmil 1 year ago
and we wont pay any price,at least it wont be more than the one you are going to pay,the cricis is yours and its for you too,if we become poor you will too,and you have to pay a lot to this world,we as greeks we will find our way when real greeks polititions take over the country,for now we are pround that we, together with our lazy character(as you say)brought capitalism down
aargirhsmil 1 year ago
Group hug!!
IronicallyVague 1 year ago
Great report, thanks.
Pablo905 1 year ago
Wow! The DOW ended down "only" 348 points today, after being down almost
1000 points. I guess the "plunge protection team" came to the rescue just
in the nick of time.
PrepNow 1 year ago
@PrepNow
The 1000 points drop was really good. Because it helped wake up some people to the fact that the game is rigged 100%. What we saw was a market capitulation and a "shake-off" started by the biggest players. They made a TON of money dropping all those stocks to crazy lows and then buying everything back at lower cost!
It was a prequel to what will eventually happen to the whole system... Like it or not, almost all the stocks will go down. It will be a total system collapse.
frenchy137 1 year ago 2
@frenchy137 I agree with you 100%. The exchange can correct so-called "bad trades" and they did not do it for the alleged glitch.
Do you have a personal time frame the system collapse? Late spring, summer?
sphinx013 1 year ago
jberni, your videos are very valuable to ppl in North America. We know that what happens in the EU will happen here. The dollar is rising because ppl are fleeing the euro, but that might not last. Keep up the good work.
iamgabrielf 1 year ago
thanks for making these video's. I think many people learn a lot from you.
michielma 1 year ago
5 stars to Germany for considering to help its neighbors in this global crisis
IronicallyVague 1 year ago
I have never liked Greece. They have been a burden in the EU and always taking much more than they give. It is their fault Cyprus is still divided. The best call here would be for the EMU to ask Greece to do a currency reform. It would send a message to the world and the other PIIGS that the structure of the euro is sound and it will not allow rule-breaking countries to drag it down. I was very unhappy when the Swedes voted down the EMU, but right now the SEK buys more.
ENGUNI 1 year ago 3
@ENGUNI i could say that we dont like you either but its to small,because i think nobody in the world likes you and thats bigger and iam sure i can represent the intire world on that,secondly you say things that are bullsit,EU took from greece everything for what they gave back,they took any production of the country even in food matters,and let me tell you that when we were fighting nazis you the good zionist child declared neutrality..i wonder how hitler didnt let us be a neutral nation too...
aargirhsmil 1 year ago
@aargirhsmil How old are you?12 years old it sounds like. By the way it is entire world not intire. Go and read some credible facts about Greece and please try not to be hateful. I am just saying that Greece did not follow the rules and cooked their books to hide debt and they need to pay the price. In May 2004 Newsweek had an article about Greece and EU funds The bridge to nowhere. They spent billions (from Brussels) on a bridge that was useless.
ENGUNI 1 year ago
@ENGUNI
"...By the way aargirhsmil it is entire world not intire..."
1 more point win for your I.Q...Let's pass to the next level
Go "fock" your self you big "shot" swedish "fog"
ypruss 1 year ago 10
Comment removed
ENGUNI 1 year ago
@ENGUNI you must ask this question to your self,because at first you read and believe" newsweek",by the way did this newspaper had some article back in 2004 about leeman brothers?about my english they can be better,i simply dont pay much attention for a low value language like you because mine is superb,you dont know what happened in greece and you speak throw "news week"sheep,all the countrys cooked their books(germany too)but again you read "newsweek"
aargirhsmil 1 year ago
@ENGUNI The crisis is Greece is a good example of the wages of sin.
joel1923 1 year ago
jberni - you were right !
manwithbreasts 1 year ago
Hi Dr. B,
I just listened to a Mr. W. Engdahl on Greece and the Euro. He basically said that this is deliberately hyped by the financial media from London to USA to wear down the Euro to prop up the sterling and the dollar.
What is your take on this?
Here is the link, please delete all spaces: youtube (.) com / user / gold to the moon # p/a /f/0/y8 RFBLRW mis
PrepNow 1 year ago
You`ll have imported inflation.
The gold has fallen today. Germany will try to defend the Euro since Germany today exports more to EU- members then they would be able to without the Euro. Now they dont need to worry about a strong D Mark. Its in the western worlds interest to see massive inflation all over the world. That will come, as the EU now also have the same interest as the US.
JohnnyGGN 1 year ago
@JohnnyGGN That will reduce western debt and Chinese holdings and rebalance the world economy. China: a LOT of Chinas growth is in fact inflation from real estate. That will collapse soon. And China will never be able to get their money back from the US, as the USD will start sliding if they stop buying US debt. If they start selling, the US will fall even more, and the chinese currency will be to strong. China is trapped.
JohnnyGGN 1 year ago
I like the way you always break bad news, but you also always start with "Good morning" !!!
kalu19991 1 year ago
Good content - but can't you record where the acoustics are better?
CornerTalker 1 year ago
It doesn't look like this is going to end well, I think they are under-reporting the violence in Greece!
john5246 1 year ago
love your videos however the commercials at the front are not what I come here for!
bluzy25 1 year ago
Europe may need a haircut, but this man doesn't. Where is your coffee anyway? You keep speaking of coffe but are never seen with any. Has it been trimmed from your budget?
davfritz 1 year ago
I love Germany. I really think they should go back to the Deutsch Mark.
Good luck from Australia.
comedytracker 1 year ago 2
Thanks Doc! Another great video..... Sound quality is extremely good on this one.
quixgofar 1 year ago
The European Central Bank(ECB)is now accepting Greek bonds of any rating as collateral,nice way to circumvent Germany.Also German should be aware that they cannot be forced to lend to Greece or any other PIIGS,but may do so "voluntarily".Your politicians will be along soon to lie to you about this.
justjacqueline2004 1 year ago
Ich kann mir einen Fortschritt zu DM2 auch nicht vorstellen. Zb der EU-Reform-Vertrag wurde nicht umsonst diktatorisch durchgesetzt. Die werden doch jetzt ihre lange verfolgte Agenda nicht aufgeben und eine neue DM zulassen. Diesen diktatorischen BRDDR Politikern ist so ein Schritt in die richtige Richtung keinesfalls zuzutrauen. Ausser bei entsprechend negativem Umtauschverhältnis. Eher passt ein Ankerseil durch ein Nadelöhr, als dass BRDDR Politiker im Interesse der Deutschen handeln.
chapthe 1 year ago
What do you say the constant refrain I hear in the United States, that all of the money essentially being printed by the Federal Reserve is tightly locked up within the banks and they aren't lending on the basis of this newly printed money, so inflation is likely but hyper-inflation is not? I don't believe that, but that's what I constantly hear. I don't see how they can actually keep all of that money from entering the market through government benefits, lending, and other actions.
veritasfiles 1 year ago
I like how you are able to talk about the coming financial collapse without making my hair stand on end.
fishingthewatershed 1 year ago 2
I got a 'south beach diet' ad when I chose you vid. Is that right?
BLynchCAN 1 year ago
After next week, Greek Whore will be cheaper.
ad2181 1 year ago
@ad2181 And for one as charming as you, for probably nothing
cpswyl2 1 year ago
Thanks for your insight
flyspick 1 year ago
you look like a contestant on the dating game. also grate team up with warren it was like batman and the green hornet.
STOPPUCKNOW 1 year ago
The German people are so hard working and save a boat load of useless Euro's - just to prop up those that are not (most of Europe) Bring back the Mark - so I can buy a great currency
JimGraham1973 1 year ago
@JimGraham1973 AGREE! Why fleece the Germans? Why punish the hardest working and most responsible people in Europe to pay for the most irresponsible and reckless people in the EU? BRING BACK THE DEUTSCH MARK!
joel1923 1 year ago 3
@joel1923
I suggest greece lease its islands to germany for 99 years like hong kong was leased to the british. Let all the white germans get on the beach and get a sun tan and turn brown.
That's the only way greece can repay the germans. Otherwise its hopeless. There's no way to pay back this debt unless greeks are willing to turn into slaves for the next 20 to 30 years.
orangedac 1 year ago
@orangedac Why lease when you can own? Greece should just give the Germans some of their islands right now-just for the money thrown away by the Germans already. As for the Greeks becoming slaves, I don't know, from what I can tell they wouldn't be worth the money spent on feeding them :)
joel1923 1 year ago 4
@joel1923 I suggested that, but they don`t want to !
Still have 160 tons of Gold in the central bank !
jberni1 1 year ago
@jberni1
wasn't that gold not in the US in New york?
opzoutenAUBnugraag 1 year ago 2
Comment removed
ypruss 1 year ago 14
@jberni1 It's only 112 tonnes, barely enough to pay off the debt at spot prices.
Commodorian 1 year ago
@joel1923 The Germans will force the Greeks to pay off the recent weapons purchases ( tanks & subs ) as only about 80% was paid off towards the U-214s they ordered and much of the loan given will go towards paying off the weapons + interest.
Those who purchased billions in Greek debt recently stand to lose everything when they default. I won't blame Greece for that as this will be their own doing, people should be aware and liable when making such "risky" and stupid investments.
Commodorian 1 year ago
@joel1923 i think you dont deserve any food on this planet because you cant produse life, something planet needs go on by the fact that you are all gays,second who told you that germany gave us money and when?you forget that we are USof europe,the common cash desk gave us because they wanded us not to work but to consume from them their products idiot,so they could sell mercedes crap and even cow meet to mainly agricultural country of greece,did you know that?do you know what they owe us?(ww2)?
aargirhsmil 1 year ago
@aargirhsmil You're a prime example of cry baby politics. The Germans owe you nothing. They've already thrown billions at your corrupt, 2nd rate country. Greece lied and cheated about their debt situation just to enter the EMU, and now YOU cry? Perhaps if Greece had behaved HONESTLY from the beginning you might not be in such a dire position?
joel1923 1 year ago
@joel1923 allways here in greece we lived very good,we didnt expect EU,the only thing it was hard for us was the car because it was expensive dew to taxis,EU not germany paid us in order to stop production in anything you can imagine,even our food wake up,and thats why our depth grew up,we pay money for guns because you are allways friends(even if they fucked you in kallipolis)with the barbarians and never with us,finally the greece is the only country germans didnt pay for the destruction(ww2)
aargirhsmil 1 year ago
@joel1923 As far as EU regulations ruining large segments of the Greek economy, you shouldnt have signed up for it in the first place. I have never believed the EU was good for anyone except for professional civil servants.
joel1923 1 year ago
@joel1923 . A major problem with Greece is that the Greeks are major tax evaders-taxes MUST be paid to maintain public works, roads, schools, etc. Another major problem is that the Greek government is corrupt and has a massive civil service. These have all contributed to your nation's downfall.
joel1923 1 year ago
@joel1923
Start talking to your self depressed shit gay...Is it because it's raining over there today? So sad.
Go to your depressed work...after all you can always be drunk after work...as usual...so to forget everything till tomorrow
ypruss 1 year ago
@ypruss It's sunny here today. I like my job. And most importantly, I have a job. You're the bitter one here...
joel1923 1 year ago
@joel1923
So what you waiting for Still here in a sunny good job!...hurrrrrrrrrry up and start working.
No money no cock for your unpleasant and depressed wife
ypruss 1 year ago 4
@joel1923 As for war reparations, Germany paid those to Greece in 1960. Perhaps Greek officials just pocketed the money?
joel1923 1 year ago
Greece has been living way beyond its means for too long; time to come back to Earth. Europe was wrong to bail out Greece. Europe should have just cut thier losses. I feel sorry for the German taxpayers...
joel1923 1 year ago
This has been flagged as spam show
@joel1923
I lease my Huge big Greek cock for your fat ugly German women...Take it as social service
ypruss 1 year ago 39
@ypruss That sums up what's left of the Greek economy quite well: prostitution. You have nothing left, so you might just have to whore yourselves out just to survive.
joel1923 1 year ago
@joel1923
Health social Geek care...
...and for your joy i will start from your wife...now go to work...make the money she will need and leave the rest to the real doctor
ypruss 1 year ago 5
@ypruss You're making a crude joke out of your nation's situation-but I'm being completely serious. Your nation is bankrupt. Your economy is in shambles. And with riots taking place, I can't imagine tourists will be flocking to your country anytime soon. I don't see anyway out for Greeks. Your will end up like the Argentines in 2001: pimping out your daughters just to buy food.
joel1923 1 year ago
@joel1923
Still here!...hurrrrrrrrrry up and start working.
No money no cock for your unpleasant and depressed wife
ypruss 1 year ago 2
@joel1923 we will give to them the longest of our three, and to you a nice ram with the horsewhip,because you are british and you like staff like that
aargirhsmil 1 year ago
I think Europe is too busy with their own crisis to be concerned with worldwide reform. So, your scare tactics won't work berni.
thereallurker 1 year ago
The mint green background, the dark red shirt, the stripped tie-I think I'm hypnotized. 0_0
joel1923 1 year ago
Not that I don't believe you it's just that I use to rely on the "experts" on the MSM and I don't want to make the same mistake twice. So when you from an opinion please tell me the basis of that opinion.
Thanks.
davincij15 1 year ago
do you think the collapse will come BEFORE the November elections in the U.S. This will fulfill Rahm Emanuel's comment that "No Good Crisis Should Go to Waste". I predict Obama will seize power under the Patriot Act as Unions paralyze the cities in rioting and looting. He will suspend the elections and the Government "Of the People, By the People and For the People" will perish from the earth... forever
jimjohngirard 1 year ago 7
@jimjohngirard
Don't you think this is a little bit silly? Like it's all "a part of their MASTER plan", of course why didn't we realize this earlier, I should've know that socialist Obama would try something like this.
john5246 1 year ago
@jimjohngirard not forever
dasgilde 1 year ago
Germany and Luxembourg are only countries with fairly decent economies
The rest of EU countries are bankrupt or nearly bankrupt with trashy 3 rd World economies or nearly that EU is a joke and Euro is very sick joke .
tuktukktotam 1 year ago 2
Bring back the Deutsch Mark
joel1923 1 year ago
Hi, I prefere this more biased jberni. lol
You are absolutely correct that there is not much room left to act. Especially with the EU now firing all the amo to extinguish the Greece problem. There is mor harm done than anything else as the austerity measures will crash the BIP and tourist industry is bust anyway as the ensuing protests will bring just a few tourists into the country this year. Giving them 50b for free would have been more productive than the bs opera being performed right now.
blepat 1 year ago 3
@blepat
Actually you promote cheap labor exportation into other EU countries. This is the demise of labor cost in the EU
jberni1 1 year ago 2
People are enslaving themselves with personal debt. When you owe most of what you make to others then you are working for them and not yourself. Nations are doing the same thing. I have heard predictions of the EU breaking up due to debt.
ammosmith 1 year ago
@ammosmith
By Design...The result is the consolidation of power!
Rizky06 1 year ago
If Greece is deffinately bailed out then I would imagine that the rest of the PIGS will also eventualy be bailed out. This is very bad for the Euro and could then cause interest rates to rise as more Euro countries Bonds get labeled as "junk" by S & P and react by offering higher and higher rates on their bonds.
ShillBasher 1 year ago
@ShillBasher
S&P, Moody's & Fitch are all complicit in this massive fraud and deception. I sent these agencies a letter just after the crash and blamed them for it. They sent back a cease and desist letter for harassing them even though I never wrote one threating word or even a swear word.
Rizky06 1 year ago
To bail out Greece would mean the COLLAPSE of the EU.
Something will happen but Greece cannot be rescued by other EU countries.
The EU countries are having problems with their own debts. What a stupidity to "help" with more debt to Greece when your own country will not be able to pay its own!!!
This politicians are mad and should be...
BITARTEN2 1 year ago
@BITARTEN2
Actually it will cause further deflation, so I wonder why the currency does not appreciate, yet.
jberni1 1 year ago
I was asking to myself the same thing. There's deflation and Germany is doing everything for not letting free money sweep into the system (see the heavy yield imposed on the bailout). At about 1.29 there's a huge support and I hope in a bounce, at least.
I like very much your vids. Congratulations. Greetings from Südtirol
Durchbrechen 1 year ago
@BITARTEN2
Yes it is kind of like trying to save a luxury cruise ship by bailing out the ocean starting from the ocean floor! I would just Default and create a local currency based and backed by Greece's natural resources and future tourist revenue streams. The same scenario for your Spain. Take ahold of your own destiny while you still can.
Rizky06 1 year ago 3
Dr. JB: How come we are spending(personal) so much in the US, the markets keep rising and everyone is singing that the recession is over? For a year plus the markets have been on a straight line up and meanwhile, personally, I have been going a straight line down.
WHEN is all this BS going to catch up with main street AND wall street???
aw3212 1 year ago 2
@aw3212
Very good question. My take on this is that MOST PEOPLE HAVE NO STRATEGIES. They just see a mountain of change and they do not want change. They want to settle with the standard of living they have !
jberni1 1 year ago 7
@aw3212
Wall Street needs to lure the sheep back into the casino markets so they can close the pens and then slaughter them for any remaining capital they may have retained. Economic class warfare!
Rizky06 1 year ago
@aw3212 i am thinking that the stock market is going up because people want to invest into stocks rather than US bonds. China is no longer buying our debt so the Federal Reserve is buying it instead. This will cause an economic disaster. My personal spending is half of what it was. I think the markets are artificially suppoerted.
ammosmith 1 year ago 2
@aw3212 I think that this is the result of cheap money the fed has been pumping in. Another way of starting FDR style "public works projects". You give banks cash, they diffuse it into the stock market, brokers, affeliates get paid and people who think they just made a mint start spending it on main street. The money will eventually trickle its way down to you and as it does, the over supply of "free" money will cause prices up . so use it on things of intrinsic value or loose it!.
aristochat3 1 year ago
@aristochat3 the trickle down is never time valued ..... yes it means inflation in the long run....... govts in debt love inflation, no matter what they say or main stream media is hyping about.
as a kid one icer cream costed 5 pfenigs, now the same ice kost 1,20 Euro, remember they swapped DM/pf 1,93 to Euro 1,00 at the time that is 30 year inflation for you, ... but we're gonna get the same within 2-6 years so get ready for big problems
LastReplaySC 1 year ago
@aw3212
The federal reserve is printing up money and giving it to its member banks. Those banks are pushing the money into the stock market. The debt is basically being monetized this way. People who saved their fiat are being ripped off to the benefit of these banks.
That's how the stock market keeps rising despite no real economic development. This sh&t is going to come to an end soon.
orangedac 1 year ago
@orangedac "People who saved their fiat are being ripped off to the benefit of these banks."
How does that jive with jberni1's comment to BITARTEN2 above about expecting the Euro to strengthen?
cpswyl2 1 year ago
@aw3212 when people were on the titanic they went to the high end of the ship as it was sinking...only the intellengent people got off the boat ...thats what we are seeing in the markets...people are running to the high end of the ship...but the titanic will still sink...no matter what the numbers are now there are no fundimental reasons for the skyrocketing markets here in the US...we are not only sinking we are on fire too
centervilletn 1 year ago
This has been flagged as spam show
Did you see the news that the French and German governments pressured the Greek government to buy some war ships and sub marines, despite their financial trouble?
'Buy our warships or we won't bail you out'
'France is pushing to sell six frigates, 15 helicopters and up to 40 top-of-the-range Rafale fighter aircraft. '
'The ships are made by the state-controlled shipyard DCNS'
'Germany is meanwhile pressing Athens to pay for a diesel-electric submarine from ThyssenKrupp'
modelmark 1 year ago
Comment removed
modelmark 1 year ago
I can assure you there will be no currency at all, gold and silver will mean nothing in whats to come.
freepress666 1 year ago
@407buddy a lot of people have already done that - especially here in FL, People dont pay their mortgages; banks don't foreclose? I don't get it, but it's a mess.
Meanwhile the DOW gets all its losses back and more as spending? has increased dramatically.
aw3212 1 year ago 2
@aw3212
Amazing what can happen when you have the power to temporarily create Trillions of digital dollars out of nothing. You then have a president appointed Plunge Protection Team to pump those trillions into stocks and futures. An excellent deception to steal real tangible assets or the true wealth of a nation!
Rizky06 1 year ago 2
@407buddy
i think they have already
cbr6864 1 year ago
Just wait one day the US military will be cleaning up dead bodies while wearing hasmat suits in the streets of NY. 600 thousand Russian, Chinese, and German troops are already stationed state side. This summer is going to be worse than 1968.
oc5nsli341nforce4 1 year ago
@oc5nsli341nforce4
I disagree with this theory, I would think that American people would never fire on their own troops but if occupied by foreign troops the 100 million gun owners (400 mill+ guns) would finally awaken the sleeping Giant!
Rizky06 1 year ago
@Rizky06 That would be the case if people would know how to hold & work together. In reality everybody are more likely to panic and turn on each other. In this confusion and chaos (NOT the same as anarchy - the most misunderstood concept.) a planed intervention of some kind of organized military is bound to happen; hell it'll be even welcomed by some! Latter on when this militarized gov. settles in will the people have a common enemy to fight. By then it may as well be to late...prepare for it
rossadew 1 year ago
Hartgeld-Rumors... ;)
beliebigerusername 1 year ago
Did I miss Angela's speech tonight ?
Did you record it ?
StandUp555 1 year ago
Kein Gold PAPIER kaufen, nur echtes Gold !
ewffaces7 1 year ago
one thing people are not talking about is, what about the extra 3 to 4 billion people on the plaint. Yes, if the system that got us here collapses, There is a high chance we will not be able to sustain this population. any thoughts ?
LMIMSsoi 1 year ago
@LMIMSsoi
By Design!
Rizky06 1 year ago
@LMIMSsoi global food crisis, starvation on a massive scale, got FOOD?!
johnboysrevenge 1 year ago
Fine analysis and merry coffee break..
Steenville 1 year ago
As been stated on U.S. television many times if you borrow $100,000 then you owe the bank. but... If you borrow $1 Billion then you OWN the bank! U.S. $12 Trillion+
Hopefully this is extremely flawed logic I look forward to the future of Austrian sound economics and a currency backed by Tangible assets.
Rizky06 1 year ago
we need a virtual currency regulated by micro financing disconnected from the centralised control of fractional reserve banking.
It would be freedom beyond what people could currently imagine
Danster82 1 year ago
I'm getting ready for the Hyperinflation that's coming after the Euro and the Dollar will be dead.
benfaysal23 1 year ago
The MICROCHIP is also coming.
Maitreya, the Anti-Christ puppet is ready to come out and fool people.
sinsarcasmo 1 year ago
@sinsarcasmo
An RFID signal can be easily blocked just Google it.
Rizky06 1 year ago
A one world govt and currency is coming.
meikagirl 1 year ago
@meikagirl
That is the Endgame! Carbon credits/debits (a.k.a. Environmental dog treats)
Rizky06 1 year ago
@jberni1
Always look forward to your views,analyst and expersite.
ABETRMAN 1 year ago
Excellent analysis - pure logic Thank you for posting
boots920 1 year ago
danke für das Update. Was ist denn mit Ihrer Raufasertapete passiert?
jetztisfeierabend 1 year ago
@jetztisfeierabend
schallisoliereung, damit es nicht so echot
jberni1 1 year ago
"Germany will go back to the D-mark and so will France."
haha., in their dreams
modelmark 1 year ago
@modelmark
Yes, it is almost as if they are not aware they were put in the European Union on purpose!
Rizky06 1 year ago
thank you!
capcom101you 1 year ago