Days of Reckoning for the Dollar - Treasuries Risk increased sixfold

[TadRapidly]

The U.S. Government should STOP spending? That's a good one.

[fox20012]

hey jberni1, im in Australia now im going to buy chinese yuan very soon , what do you reckon? when our RE bubble finally pops our dollar and stock market will take a big hit, plus the yuan will go up in the long run

please tell me what you think

[gdennis86]

5 Sterne.

[lookatthewholething]

The thing that always got me was that the dollar has declined about 1% per year since the Federal Reserve came into power in 1913. So at this point the dollar is only 4 years away from becoming totally worthless. I think before then you should buy as much gold and silver as you can because the dollar will be replaced by something else before then. Even the Chinese and other countries don't want our "paper" anymore and are moving towards commodities. Ammunition will also appreciate in value.

[zbobcat]

Treasuries are secured by land that the federal gov has title of. At some point in the future, when its politically possible, the exchange will begin. Good deal!!!!!

[Ape65]

Unfunded liabilities are not a financial problem. The relevant word here is lie - they are LIE-abilities.  They will remain unfunded and undelivered. All that remains is for future politicians to spin doctor why medicare and pensions need to be slashed.

[TheFobster]

Love your insight, keep up the great work.

[drchiodo]

Excellent presentations!

Would you suggest purchasing gold/silver before Oct? If were holding on to profitable rental income in the UK, would you keep it or sell it given a 5year time frame?

And what is your opinion on the effects on the CDN economy in terms of time lines over the next 1-5 years?

Generally, since you believe that it is design, then perhaps there are ways to more easily circumvent these government/Fed inevitabilities.

Thanks again.

[jberni1]

I believe it is based on design.

1. The System is designed to collapse since the beginning

2. It has been instituted and supported by the people who control money supply

3. therefore I prefer to believe it is done by design

[jberni1]

Did you advise that as a long or short term strategy?

And what will be the impact in case that states move to another reserve currency standard. How much of the Dollar premium will suffer?

By the Way Jim Rogers goes out of the Dollar

[jberni1]

I agree with your assesment on Deflation.

That is also what I forecast. BUT said so, there will be inflation in neccessities in parallel.

Money Supply growth is I believe a function of M0 as well, which in my eyes is a consequence of Deflation

[jberni1]

OK, here are some questions from my side:

a. Even if the US gvt would stop spending, it would need 10 years to repay debt, no?

b. How much would cost cutting affect GDP ? Gvt spending is a part of that

c. Who will be willing to buy the US debt obligations?

[dadcamp]

Thanks

[jalexoid]

jberni1: At 1:25 you compare the graph. You identify one curve as public debt and the other as government debt.(Maybe I heard it wrong?)

To my knowledge public debt is a synonym for government debt. Maybe government debt is external debt or one of them is an aggregate of internal and external debts? Could you explain witch one is witch?

[jberni1]

THANK YOU - I was incorrectly utilizing the notation.

I Should have used Federal (Public) debt [excuding intergovernmental accounts] and Notional (Gross) debt

[mooseythejuiceman]

I like that you use graphs and data to describe why things are going like they are.. and how you think they'll change. Keep it up!

[lunaulander]

not you dude, I mean the economy thingo

[lunaulander]

ja ja alles ist scheisse

[BendoverBernanke]

Military arresting protesters at G20

watch?v=BAUIHiXgfWw

[LastReplaySC]

use Shadowstats(dot)Com

the old way to calculate GDP ect.

Don trust the new official fraudulent way that is propagated.

Its a real eyeopener!!!

[dojufitz]

WIll bullion go down in price if there is a big rally in the US $?

I'm looking to buy some more metal on a nice dip.

[motoyen]

You say that all fiat currencies are going bad and that gold prices will fall because of forced selling. What are the safe investments then?

[TheUltraNinja]

Brilliant - thank you :)

[themoonbears]

Another great Vid

Thanks!

Danke Schoen!

[modelmark]

Wasn't it Greenspan who said that the debt was a consequence of the savings glut in Asia? What do you think of that perspective?

[largo2001]

So jberni1, you are saying that:

a) Long-Term the USD is going down.

b) Short-term it may or may not go up.

...

Well...sorry again to be critical, but why take 7min. for repeating what everyone already knew?

[dlmaniac]

Dude, that's not the right response to someone who's trying to help. You may already know but there're quite some still don't.

[juice797]

lets party at oktoberfest before the october turmoil my friend!

[ENGUNI]

Stiglitz explains very well the flaws with the reserve currency system. This current problem started in 1971, not 2008. 2000 is the year when the Bush tax cuts came in to play is when the gas really got thrown on to the fire. You are the man though, keep the videos coming.

[Fockersnextdoor]

It appears that the majority of American citizens voted for(2008) a political party who's goal is to crash the U.S.economy. All the evidence is out in the open now.We had a fringe group writing our economic stimulas to crash the dollar.

[nsprphg]

Jberni1

Thank you for another great video!

The report in German about the effects of the dollar collapse on other world currency is going to be available in english?

[darkmagickian]

Let's go with the idea that you are absolutely correct in your assessments.  Is there any hope of rescue for the US dollar to thwart China'[s ambitions? There has got to be a way short of a repeat of the French Revolution...

[bigskywyoming]

Love your video's keep em coming. Great information. I didnt hear your neighber in the background, you should have kept going!

[REOGURU]

Ausgeseichnet! I'm enjoying your videos. I like your "matter of fact" approach, and that you're able to explain complex topics in an uncomplicated manner. Looking forward to your next effort.

[pelaviocco]

Keep up the great job! It's nice, for a change, to have an european perspective on current economic events.

[Bobo294]

Thank you, an excellent video as usual!

[meikagirl]

The trillion dollar question.When will the smoke and mirrors stop,and the house of cards fall?

[Garyscott7]

As with Mercedes & BMW we get excellent German thinking here. Thank You

[tuktukktotam]

USD=garbage=fiat currency =garbage world shall revolt against unstable currencies

USA liabilities =53 trillion according to governmental numbers

USA GDP = 14 trillion (exaggerated ,70 % consumer based )

USA IS BANKRUPT 4 TIMES OVER

buy US assets now for worthless dollars while u can

[jberni1]

More or less, correct. But this common sense approach is not given credit by people who are believers of pyrami schemes

[skybirdbird]

Always informative.......TKX

[zeropointpower]

Another superb video. Thanks.

[Rubmer]

Dr. we need to get you on CNBC, Bloomberg or FOX Business and take those characters back to school. Thanks for the videoand keep doing them please.

[jberni1]

Thanks...But I believe I leave this work to Mark Faber, who is more diplomatic on these topics than I am...

[econewpower]

Thank you for providing such professional analysis, your commentaries are always very much on the mark and is clear you have done your research.

[jberni1]

Thank you for watching and rating !

[taineasy]

Considering that a major US economic collapse is unavoidable and imminent it is amazing how few Amercians are unaware of whats about to occur. Corporate insiders are dumping shares at a rate not seen in years and moving out of US dollars into precious metals and other world currencies. Meanwhile the average Amercian is glued to the TV watching MSM, reality shows, etc. Well, the best reality show in a 100 years is about to be broadcast LIVE in your living room.

[rubinhood1]

Thanks Joern!

[christo930]

Debt to GDP is kind of pointless in the US. First of all, a large portion of the gdp isn't based on any real transactions. Things like rent I would be paying myself if I didn't own my home and garbage like that. Next, over 70% is consumption and you can't pay bills with consumption and as was pointed out, much of that consumption is debt based.

[authmaax]

yea but companys must fall... all must fall.

that is what is programmed... they dont care about spreading the money to others that are not willing to take responsibility as they were...

not realising that all were programmed to be responsible and not.... programmed diferently.

so the will of man must become the will of god

man must become the god... not allowing himsellf to depend on other, but must treat other as equal all time. only then self responsability is real.

[capcom101you]

Thank you as always very good.

[WayAboveYou700]

And what IF

1. $ is becoming a financing currency to do carry trade like the yen in the past?

2. The FX seems to believe that the FED will protect long bonds no matter what and make $ artificially cheap?

3. There will be excess money from the primary dealers in October - what will they do with it?

[LisaJ4Liberty]

Public debt 18 trillion? Are you including business debt? Bank debt?

I was under the impression the entire private sector debt was closer to 50 trillion.

[LisaJ4Liberty]

I mean, if you consider the Banks' toxic assets which the Fed is now carrying... This is many trillions of dollars. This would need to be counted in the debt figure, yes? And it would be under the heading of public debt/private sector debt, since the Fed is not technically a part of the government. That toxic asset debt still exists, and some say it is over 30 trillion. Any thoughts on this?

[jberni1]

If you start to account for all balance sheet vehicles of the gvt. (SIVs) then you realize its more a balance sh....

[llothar68]

The private and company debt is around 50 trillion. 12 trillion in government debt. and something like 40-50 trillion in promises for medicare, pensions etc are another 50 trillion.

It's an unbelievable sum of more then 100 trillion. This shows the stupidity.

[Ape65]

Remember the old joke: if you owe the bank a million, and cannot pay it back, *you* have a problem, if you owe the bank billion, the *bank* has a problem. Once the world's undisputed military superpower owes the rest of the world trillions, the whole mess leaves the realm of economics and becomes political. You have to ask yourself: What will the US give China, Japan, etc. for them to continue financing the US deficits? What do these countries want above all that only the US can give them?

[LisaJ4Liberty]

I don't understand why our Treasury Bonds are attractive to anyone right now under the current circumstance. Someone explain this.

[Eraser7622]

Love your work and your vids, thank you.

[timelesstruths]

the future for some looks quite bleak

[nage4614]

heres one for ya

out in the southwest, at these homes in

forclosure they dig up the palm trees and

sell em for whatever they can get.

500 to 1000 bucks

[nage4614]

massive home defaults its spreading like wild fire. folks live in home for 2 yrs already, with no payments. balance due goes from 240 to 300k. what you have here in the states is mass debt revolt, to be followed by the govt default or massive inflation, devaluation of the dollar. why should i pay my mortgage when my neighbor doesnt' and nothing happens to him--he lives just fine, no one kicking him out. the lender does'nt even want the house back-it calls for a writed down.

[christo930]

Your neighbor is going to be kicked out soon enough.

[nage4614]

thanks so much for the faster video turn. your time has much more value than you know. we appreciate the videos. as to the time line---they may re-up the 8k new home buyer deal, they may continue to buy their own treasurines, they may announce another extended unemployment extension. they may extend the purchase of securities that they have done to replace the securitization. ---here in the states, all wait for the other shoe to drop. l businesses closing by the million. we are toast

[Martian74]

5 stars for standing at an angle the whole video and hanging the board behind you crooked.

Good information though.

P.S. next video could you please straighten the camera?

[BLynchCAN]

I am imagining an agreed status quo between the G20 to maintain the illusion. Billions and Trillions have been 'thrown about' and it still looks like a recession. Pricing is completely manipulated the 'select banks' still hold all the cards and people are still being paid millions of dollars. The currencies are all linked body has to do what they are told now or the will get cut off.

[cpswyl2]

How does a USD collapse affect the other currencies? Loss of confidence in all fiat currencies?

Thanks for the info

[jembocc1347]

Great Vid, as usual.Thanks

[jdcorbit]

I really appreciate your excellent videos. One improvement that could be made from my point of view is increased audio volume. I have it set at maximum on my laptop and it would be helpful to be able to make it a bit louder. This is important for fully comprehending technical material such as that which you present. I hope that this is possible. Thanks for a valuable contribution to our understanding.

[bnfox]

Still curious about what the catalyst will be for a big drop/crash/correction in October? Several people seem to be suggesting it and I'm basically on board with the idea - see lots of possible catalysts - Fed Reserve hearings, Bof A hearings, a big bank collapse (Wells Fargo?), Iran attack, insider selloffs, etc.....

[msamour]

Let's not forget the Chinese bond auction on Yom Kipur. If the auction is successful, you can see that people will pull out of their US investments, and buy Chinese bonds instead. Why? Because the Chinese announced that they will be backing the bonds with gold, and other commodities. The U.S. bonds are backed by nothing, but faith and credit of the country. We all know what that is worth these days.

[mlong5151]

Thanks Love the vids

[chapthe]

5 Sterne.

[fal2grace]

Thank you very much Dr. Berninger. So would you be opposed to short-term treasuries as well?

[k1000o73]

Very nice video, as usual.

So your recommendation is to stay out of the dollar even if there is a crash in October, because we never know when the crash will stop, isn't ii?

[toshibavoodoo]

great

[justjacqueline2004]

Hey doc great video of debt,sheesh a 1:10 chance of payback.Yet with the printing press pay back is not a problem,but with all this debt in dollars abd trillions of swaps,what if everyone rushed to pay back the external debt so demanding dollars-the debt burden actually increases internally.With neo-liberalism the issue of the day,default is a no no as the hegemonic currency printing is not a problem.Just some ideas from just a moronic scientist.

[peerapon15]

great VDO

[InkedXyz]

Good stuff, thanks.

[CoinsFreedom]

Very good anaysis. Thank you for your valuable time. Good luck and God Bless you.

[icai1]

Great vids! pls keep em coming.

Hopefully the next vids will be of a longer duration.

[bossduff]

Your dry erase board is out of level. That must have been the decline side!

Great info. Thank you

[Pablo905]

Great job keep it up!

[Pablo905]

Another excellent video, look forward to the next one.

I am fairly sure that ultimately your analysis and predictions will come to fruition. The people that listen to the government lies or have their head buried in the sand better start to wake up or they will be caught in the next wave of economic problems that are on the horizon.

Who's going to bail out the government!

[rickmerc]

Heres something interesting or rubbish?

for-my-father blogspot com

[jberni1]

Hey, that is a great website...Guys, please have a look at it.

[joeymackaroni]

The only good treasury investment is to

SHORT IT!!!!

[JackNeedles]

Exactly. Just like what we saw with the previous dollar rally, when investors went running to the USD as a safe haven. The only problem is, when we see higher interest rates, which are inevitable, they will go running the other way, because of the massive inflation shock that's headed our way. Anyway, another great video from our German friend. Thanks.

[mouljran7]

Thank you so much for your priceless videos... you have no idea how helpful they are .. please keep them coming ..

[whiskerchild]

Thanks for the info, I need all I can get

[66scjohnston]

I appreciate your videos!

[anamericanstory]

Not only would I not pay your barber, I'd sue him for malpractice.

[jberni1]

Hahaha, yes...sad I live in Europe, where you can not sue anybody...

[realrasher]

That was very informative. Thank you!

I also enjoy your sense of humor. :)

[NibiruMagick2012]

thank you

[renegado100]

Are AUD and NZD strong currencies to invest in ??

Thanks !!

[143DREWID]

2 cent caution. The NZD with fewer than 4 million people and limited bases for their currency, a higher risk than AUD.

all Paper Money is a risk.

[edmack4me]

AUD stronger than NZD as NZ relies more on trade with AU

[hankhktulu]

Much of the government income numbers are complete BS. All government employees pay taxes, and are included in those figures. However, they are paid from taxes more than they pay in taxes. This includes private corporations that recieve government contracts.

If government spending went to zero thier reported income would drop drastically, maybe even negative.

To sum it up, the increase in risk is more than sixfold. I wish I knew where to get the real numbers.

[roughcutone2]

what are your thoughts on the IMF gold sale announcement?

[jberni1]

Gold price manipulation

[jberni1]

Its actually because the camera was tilted...but I had to be fast, before construction workers returned from lunch break and start hell of noise

[TheLiddlekiddle]

I love hearing your videos, dont worry about something so stupid like the board behind you being straight for your vids. The content is what matters to us!

[jberni1]

Thank you. Well, I thought this is also a part of the marketing...giving people to focus on something like a board....

[macroeconomiccrisis]

what will be the effect on the euro uf the diollar collapses?

thx for the answer or your thoughts about this point

[jberni1]

It will be devastating for ALL FIAT money regimes...

[nmreich]

Thanks for the good video Jberni1.

[macroeconomiccrisis]

thx

[MengersDisciple]

After looking at those graphs, Ahnold would say: Get to tha choppppaaaa!

[fireriver29]

lol so true! Also Hasta la vista baby!

[ngabrous]

Thanks!!!

[leninstreet]

Great work! Keep it comming.

[0urGaia]

thank you