Stock Market Drops 15% - The Crash BOE 1-11-2008

[snitchboy12]

Get a fucken job.........

Bush told me to tell you if you take down your video's off YOUTUBE he will give you 3 big fat ass pieces of crack so you can smoke it all night long. You are so fucken smart tell us more brother that we haven't heard before. I heard this so many times come up with something new. A 20 dollar rock will be the same after the crash.

[najica1993]

slam this tight lil ass =]? a

[marktimmer2212]

KABAFF! wa was that?

dunno n dont give fuck!

[mukkeer]

John you are using the Euro as the pragmatic standard currency against which all other currency's are measures. Alternatively you are saying the dollar is finished.

[WanderleiSilva29]

i just farted... inhale the fart fumes

[keith6660]

It is clear, you have lost a lot of weight.

Inflation can be good for your health.

[prime1mover]

The stock market has predicted 19 of the last 5 recessions, and 7 of the last one depression.

[opel47]

Yep. and we called the indians savages cause they believed in "free land and trade." of course the rain dance is a bit over the top:}

Nice vid, BOA are some real criminals, they set the mark for shady transactions. Nice going congress, im glad my folks never said "don't worry bout saving for retirement." the govt is like a crackfiend that just wont stop bothering you.

[TYX91101]

Last weeks' bounce was purely technical following rational selling on moderate volume. A face-saving measure, it was Wall Street's answer to a market that ignored the biggest rate cut in 20 years. Now Washington has joined the chorus and put another $150B on our credit card.

[singhsux]

Sell now of face a bloodbath tomorrow!!!!!

[tonjg]

okay here's the other side of the coin. I've got a persistent feeling it's all gonna blow over. A couple of wobbly scares sure, with the usual crackpots crying 'this is it!'. The near future will reveal all but it something tells me it may turn out very boring and uneventful.

[jpalme2000]

Let's hope so. I'd like continued financial security until I die.

[singhsux]

hahaha.... sell now or lose everything!!!

[tonjg]

omg singhsux you're right! it's the end of the world! aaaaarrrrrggghhhh!

dick.

[zaggy3110]

Dax is down 7.17 pc here in germany

(Allianz Ins - 10.00 %, Commerzbank - 10.06 %,

Hypo Real Estate - 18,46 %

Thank god there is a holiday in the US

[valhala56]

Just something for You John and the folks to chew on, I have of stories of brokers pressing the wrong key on the keyboard while makeing a trade, i.e. pressing sell instead of buy costing their company hundred of millions of dollars or errors in decimal causing big loss', what if this is done on purpose to start of chain of panic selling. You mentioned something about this awhile back on a "Put" purchase, maybe it is made to look like a mistake. Well just a thought.

[JackNeedles]

Look out people. Theres a good chance a 2000 point drop in the market will happen within weeks.

[tonjg]

and if it doesn't?

[JackNeedles]

I never said it WILL happen, but, liek I said, there is a GOOD CHANCE there will be some kind of crash in the stock market of 2000 points or so within weeks. Even Chris Mathews had Jim Cramer on Hardball the other day where Jim talked about a looming 2000 point drop too. Within a few weeks or not, there will be a major plunge, I believe, sooner or later.

[1776in2008]

Tonjg, I think Jack is right. Are you paying attention to the drops already? I also believe there will be a major plunge soon.

[JackNeedles]

Yep, 1776! Have you been wating europe! OMG, they've takin' a beating today! But no, everything is fine. We should all go back to sleep.

[singhsux]

Wake up - u gonna lose it all suckers. I here a margin calling!!!!!!

[valhala56]

John, why are you let everybody know what the Bildenbergs and the Trilateral council have up their sleeve. You know it's a head fake and they "Trilateral Council" will manipulate the market in ways we cannot anticpate.

[jpalme2000]

I'm not political. I don't know the market manipulators.

[rowan1802]

You should have mentioned stocking up on food and guns at the beginning because I didn't realize you were a crackpot until most of the way through it.

[jpalme2000]

That's because I'm not a crackpot. If you watch the other videos, you'll see I put out a rational arguement of why food is a viable choice for value storage (the 25% increase in food prices due to oil and labor increases).

[rowan1802]

Fair enough. I hadn't watched the other videos. This strategy probably worked out ok for you.

[jpalme2000]

I do a video once a week.

[ArchaicRevivalx2012]

You don't need to stock up in food if you have money and a job. Let's say you stock up 6 months in food, after that, game over pal.

[JackNeedles]

No, it would be smart to stock up on food. I have 3 one year supplies of food and when all goes to hell, I will have enough food for three whole years. Not game oevr for me, pal. Check out E Foods direct dot com. Best investment ever. Also, in a depression, most will not have jobs, so it will matter.

[ArchaicRevivalx2012]

What does 3 years in food look like? A warehouse of food? Baba Booey.

[jpalme2000]

Three years of food is approximately 1/2 a standard 10 by 5 closet.

[ArchaicRevivalx2012]

Hello.

[BlazenJames]

Bernake and Bush want to add a "Stimulus Package" aka pumping 100 billion more into the system. What are your thoughts on this. Thanks for your vids John.

[JackNeedles]

It's just a drug used to treat a symptom and not cure the disease; it won't help.

[tonjg]

john I'm glad you mentioned tools as a worthwhile purchase, I completely agree. Tools will enable a man to work and repair things maybe even earn money in times of hardship. A man is useless meat without tools, I wish more men would wake up to this.

[lostinthemix]

This is the 1st smart thing you've had to say in 6 months!

[tonjg]

maybe one day you'll have something smart to say.

[lostinthemix]

How's this? you are an idiot!

[ArchaicRevivalx2012]

Baba booey.

[ArchaicRevivalx2012]

I purchased 200k in foreign equities like the Canadian Trusts in gas/oil and Asian commodities and infrastructure. They pay 4 to 20% in dividends in Canadian and Asian money. I'll collect dividends in a strong currency while my American brothas and sistas become homeless. By foreign equities and earn foreign currency as your money grows. You'll have your hand in commodities/infra-structure and currency.

[reabeztoh]

By hyperinflation I mean stuff, that we need every day like food, water, energy. In Europe prices for this are rising. Price shock waves will follow. All financial assets like real estate (already dropping), derivatives (parts of this market are already dead), stocks, bonds etc will go the deflationary way. Soon they will be really cheap.

[refurbsystems]

Agree to pay debt and put up for bad times. Always good advice. Not too sure about precious metals since there is also a very real chance of deflation instead of run away inflation. Just no way to tell how this will play out right now.

[reabeztoh]

Pms are not for speculation but for protection against hyperinflation. Remember: Gold as the world's most reliable currency is mentioned even in the bible. There's a tendency to hyperinflation because central banks monetize almost every kind of junk papers just to keep the system running. Cash in small bank notes is for protection against a deflationary collapse. It will depend on the behaviour of the governments and central banks if we will see this. But as you say: Nobody knows.

[reabeztoh]

John, I don't trust anybody of the financial sector lyers. I've paid all my debts and sold all stocks, funds and other funny paper stuff. I hold 5% of my money on banc accounts for the usual transfers, 15% in euros (bank notes), part of it in silver 10 euro coins (legal tender, 1/2 oz fine silver), 10% cash (bank notes) in swiss francs, 20% silver bullion/coins and 50% gold bullion/coins. It's stored in vaults: Direct access to 95% of all my money, no third party involved.

[reabeztoh]

Hi John!

Greetings from Germany. I like your videos very much. I'm tired of our banks, our economists, our media and our politicians. They're all lying. I'm not an advisor, but it's not a good idea to invest heavily into euros. They're also fiat currency, basically covered by US Dollars. ECB will also inflate because if not, it would bust the european monetary union. Monetary tensions within Europe are too high. Prices are rising already (not yet the fast food but many other basics).

[BlazenJames]

the song "Silver and Gold" by Burt Ives is sounding pretty good about now.

[talktal]

i think people are now finally waking up to see the incompetence of the feds and the government's response to our economic problems. All the feds are doing is recreating the mess that got us in this bind in the first place by promising to slash interest rates. I'm no ecnomic's major, but apparently you and I are more qualified to speak than they are.

[Phrozenbot]

wanna be friends? :o

[monster2510]

thank you for your videos:

if i invest in a interest rate structure what exactly am i investing in? is it t-bills? bonds?

where do you see libor/euribor moving from now? why has the interest rate spread been greater today compared to last summer?

thank you

[xxx12345yyy]

Why would I pay my debt when inflation is at least 10%/year. My ING savings accoung is making 4.5% and my gold is making, jesus, idk, 30%/year? I say keep some debt, bring on hyper inflation.

[jpalme2000]

Debt enslaves you to repayment. Inflation eats away at your ability to pay debt, as you pay more for other goods and services you need.

Unless your creditors are morons, the interest on your debt will exceed your 4.5% saving account. Gold has only very recently went bullish, but it won't continue forever.

Your debt will go on forever if you don't pay it.

[richardbt71]

Watch the cities start to sue the banks. All of the foreclosures equals less tax income.

[jpalme2000]

Cleveland Ohio has already started doing that. I have some links on the blog about it.

[mthargoe]

WOW!!! Right now (Jan 13)gold is at $897.00/ounce!!! I need to get gold...

[jpalme2000]

Read today's BOE Blog before you jump into gold.

[gypsybiker45]

brother if youve waited this long to buy gold, its too late for you, the economy will collapse before you can get $1500 oz in my opinion and then how can you use it? its hard to make a farmer make change on a $1000 gold coin! buy silver now, it will be the actual currency after FRNs die

[JackNeedles]

Very true. Silver is key. No one will be usinggold coins to buy a few meals....that would be a waste of money because no one pays 900 plus bucks for a chicken or whatever.

Once people are stocked up on foods, silver and guns should be your next step. look up E Foods Direct dot com. I got my food from there.

[lostinthemix]

Another AWESOME vid John, inflations running between 12 and 22%

[PeakedEarth]

check out (Shadowstats dot com) it is a website that tracks the inflation rate as it was computated before the government started faking it to artificially keep it low. I would say overall inflation is 10-12% - we are in trouble.

[jpalme2000]

I was checking that out, but it felt too slow. So I started my own way to check it, so I can know when I wanted to know.

[tonoavail74]

Great Videos J. I had to quit fast food too, due to the price increases. I guess thats a good thing though. I joke with my friends at work that we should request to be paid in something other than USD.

[andrepp1701]

John, what school of economics do you advocate and which one do you think could solve this vicious cycle?

ie: Keynesian, Austrian, Marxism!?

[jpalme2000]

I advocate no school of economics. The current situation is out of control neo-mercantilism based on energy and fiat currency control. The zero-sum game is played on the general public.

[jpalme2000]

The ways out:

1. New energy production is developed and fiat currency is ignored.

2. Economic serfdom for vast majority of world population

3. System fails and collapses (Dutch and Tulips)

And yes, I know Mercantilism is suppose to be gone, but it's not... just look at the systems, monopolies, and focus on capital...

[JackNeedles]

By not following the constitution and letting greedy central banks control us....this is what we need to take control of.

[jpalme2000]

That's outcome 2 or 3. I offer that each of us can take outcome 1 irregardless of 2 or 3.

[hidermann]

heheh is this guy for real he is saying now precious metal is okey, and he was wrong in his Previous analysis!!!!!

man stop it!!!! guys the dolLar is okey its just a cycle soon will disappear ... don't worry be happey spend spend and spend everything is FINE

[jpalme2000]

That's right, everyone just drink the koolaid. The UFO is coming behind the comet due to arrive in 2012 at the end of the Mayan calender and the solar cycle. (/sarcasm)

[gordong156]

I can confirm that the price of Vegetable Oil in the UK is marching upwards. I bought a 15L can a while before Christmas. The price for the same can is already 25% higher.

[christianwarrior83]

Excellent commentary. We invested a couple of years ago in lead. It is now worth 3 times its value. Stock up on food folks. In times of plenty it is called stockpiling, in times of famine, it is called hoarding, thats where lead comes in.

[sheiki22]

good commentary as always!!!

[gzies1]

Inflatation = Inflation

[gzies1]

It's getting ugly out there. All that money that the FED is throwing into the market to bail out the banks will be paid for by us the people in form of the "silent tax" called INFLATATION.

[Chapstix9]

Actually, I like your original view on gold. When you go bankrupt, if you have gold, you either have to declare it or lie about it. I don't think your creditors will want your cans of beans. If you have credit, don't pay it down. Max it out, spend, enjoy life, and if worse comes to worse, delcare bankruptcy. You won't feel guilty because the banks will be doing much the same thing!

[Zhuangyao]

take care john.

dun eat too much fast food.

[61markt]

John, grap a few put options on the major indexes( foods fine but grab some money on the way down)....the ride is about to start. Gold,Silver will still go north....after the crash... oil will come down...on the condition the US does not start another war....

[JackNeedles]

Who knows. They might start another war to prolong the inevitable.

[mrchekky]

haha I knew you were wrong about Presious metals. But I still like ya. Keep up the good work mate.

[logosfabula]

you look wonderful

[followyourgut]

I agree with mortal780 BUCKLE UP PEOPLE!!

[EVCarolina]

Another Excellent video and analysis. Thank you. Go Ron Paul

[Pikers81]

Yes, this year will be very interesting. Were only in the first month and we got some crazy stuff happening.

[Zen029sky]

Seriously, what's your diet secret? Looks like it's working.

[jpalme2000]

Smaller portions, little fast food, no eating in the car, and no Diet Coke. Basically, being poor.

[Zen029sky]

Just pure dieting? No exercise?

[jpalme2000]

I'm not dieting at all. Just eating normal food, but smaller amounts and more often. Dr. Oz's book Dieting and You was instrumental. Stress was the primary component of my weight gain. I've reduced stress in my life. One way I do this is through my BoE Analysis on Youtube. :)

[hqlion]

Great videos!! You do look leaner, healthier.

[mortal780]

Buckle Up! We are all going for a wild ride.

[catdog262]

Awesome !!!!! keep the informative videos coming brother!