Americans dont see the bigger picture of their Nation as a Masonic Freemason Nation. Everything about the Red White & Blue or Rather the planet Jupiter is one piece, How about Anubis erected at the Denver Airport along with the Blue Mustang, Your Capital's are Temples of a practice called Cabala. Your beloved Corporations practice this Magic art along with their symbols like Nike's swoosh or the rings of Saturn. Do you know what a Star Buck is?. The founders were Masons & you've been Hoodwinked
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
I am sorry if this might seem rude, I will tag my video onto yours because we need help right now with soon becoming homeless, this is a very desprate move and I feel guilty to ask for help and using other's videos to give a link to mine so others can watch it also but this is all in good because we are soon to be homeless... thanks for reading this and I am sorry if you are not into letting others vid response.
I think people like you are agents trying to scare people into pulling their money from the bank and changing it over to other currecies to destroy the dollar and the US.
Nothing will happen to the US in November, December, or January, or Feb. There will be NO collapse and you will look the fool..
lol, you really sound like what you are, by the way the Ameros part is BULLSHIT - if the dollar would fall to zero, changing its name would not give new value - as what matters is what the currency is based on and not what it is called dumb fuck... Pw3n3d Yet again biiiaaatch! Get to school and stop trying to get knowedledge from videos made by lunatics..
OK, time for a lesson. the currency is based on a NAME "dollar". In 1971 Nixon unilaterally canceled the Bretton Woods system and stopped the direct convertibility of the United States dollar to gold. after 1971 the dollar stood by itself.... a name, paper and ink...even trust. without gold backing it up the federal reserve could create loans from thin air to fund ANYTHING, and pay for health insurance, war , ect... creating new money will make the currency(value) drop.
do you know how inflation works? more then 80% of the us money is LOANS, therefore a country loaning money is literally creating money that was not there b4. doing so the increase of money is making it lose its value. the ONLY way for the dollar to bounce back is for the us to pay back ALL the LOANS. you americans DONT have enough money to even pay the interest on those LOANS, thus you cannot get rid of all the extra money. it loses value naturally. look it up on google. the us is alreadyplannin
so explain how the US will get out of debt. who will pay for it? there US is already shipping ameros to the japanies banks for when they change the currency. the US is already suffering from a recetion which is causing more inflation. is inevitable.
Instead of lying about his participation in the FannieMae fiasco, I'd like to see Obama explain why he did NOT sign this letter back in 2006, warning about the FannieMae-FreddieMac disaster:
tinyurl (dot) com/3q6dc9 (fix the "dot," obviously)
wish I had found you sooner, but I have been listening to Schiff...thanks for the great work and research!!! What anyone can do to help... watch?v=mCPEBM5ol0Q
kill your lawn, you're gonna need all of your property to grow assets...literally!!!
When you call your Congressman or Senator about the Bailout, also ask where 2.3 Trillion missing dollars are from the Pentagon. Break their Stones Day & Night. 2.3 Trillion would give every Man, Women & Child $8,000.00 Dollars Each.
The United States is being Extorted by International Bankers who will drain our Treasury to ZERO, Wake Up People.
dude if you live in Cali I sure as hell hope you have a bug-out plan. Cali will go full-on police state FIRST..in fact I watch cali closely for that reason.
Come on America, please stop this economy crisis...it is effecting many countries in Asia like Japan Korea, China, Taiwan and Singapore!! we cant afford to lose more money in stocks..etc.
guess we're getting you back for 1997 (kidding). I'm aware of the asian markets and I think you guys will come out of this basically ok. Main problem will that many asian countries are vulnerable to oil price shocks. Other than that asia is much better off than 1997. The US however, is royally screwed. Get out of USDollar when the markets open. You wont have to wait long for that trade to work out.
People who deny the economic collapse are STUPID, DON'T EVEN KNOW WHAT THE HELL THERE TALK EN ABOUT, and DON'T EVEN WANT TO BELIEVE IT why because THERE AFRAID AND SCared....... i mean comeon I'm scared.......
DON'T BUY GOLD!! BUY ROPE!! lots of it !! you can sell it to all the dumb fucks that are going to wanna hang themselves for chargeing there life away on c/cards and bank loans !!!!
DOWN WITH THE NEW WORLD ORDER !! DOWN WITH THE N.A.U. !!!!
C'mon you guys - unless the government starts printing a LOT more money, there won't be any real inflation. Thats the definition of HYPER inflation. You cannot have hyper inflation if there isn't like 1000 times more dollars. Banks collapsing, depressions and such do not normally mean there will be hyper inflation.
The government CANT print money. The government DOESNT print money. The Federal Reserve has been printing this country's money since the 1930's Depression. They are a private corporation and are not part of the government, neither is the IRS, you dont HAVE TO PAY an income tax. Not technically, everyone does cause they are too scared to question anything. We have are being robbed in everywich way imaginable. Think about it? Papper Currency? BACKED BY NOTHING not GOLD. NOTHING! Get educated.
U.S. politicians are to blame. They've lined their pockets with cash by selling out the U.S. people. How? OK, oil lobbys. But, their votes also let U.S. owned corps move across the border & overseas to take advantage of a cheap labor market to break the unions which created the middle class. Cheap products were imported to compete with U.S. goods. Textile & electronic industries were the first to go under. A few remain but they are slowly going under. Housing now. The auto industry is next.
The same could be said for the dow '29...long run they will be fine just like the USA was in '29 but tough times are ahead for China. Shanghai now down roughly 60% will probably be down 75% or so when all is said and done. An economic downturn will then proceed...global slowdown.
You only put 20percent of any money into Precious metals, but so far in the last 100yrs PM have kept up with inflation,so they look like a better bet than dollars.Spend the dollars you earn on things you will use any way,as its value will decrease when oil starts up wards trend in september when usa buys home heating oil.Silver a hedge against inflation
Hey, so got to factor in the mideast wars to come, switching the industrials to military purposes should help some, though terrorist attacks from sleeper cells in Toronto and Montreal in the US heartland will be rough.
oh right.. i thought mossad would be attacking.. there prob jsut gonna nuke a major usa city instead.. they helped plan 9/11 with the bush admin and zionist world bankers. glonbal warming is indeed a farce. but ww3 wont be..
I understand being a realist but with respect it seems almost like its becoming a "cant wait till it happens" fettish. I"m the biggest boyscout you'll ever meet when its comes to preparedness for possible eventualities, but to live everyday in total anticipation of its occurence imo seems like the good days are being squandered waiting for the bad.
Hello all, been watching situation for over a year closely with all concerns mentioned in mind. Watched damn near all vids from vv and all others, read all comments ect. With that said how much do we underestimate the ability to have the charade cont. Many prev market crashes. s&l crises I recall pretty unsettling to alot of folks. Dozens of other ex. Not saying house of cards doesnt fall at some point, but many before us have predicted incorrectly. It seems many here almost desire this
I predict that the next credit crisis will be with consumer credit (credit cards, auto etc. With the current situation, expect banks to write off billions in bad credit card debt. Once consumer credit starts to try up, we are in serious trouble. American Express has already begun to cut the credit limits of it's customers, even business customers! Massive layoffs in the retail sector coming.
yah i agree unsecured credit card debt is going down. People now are maxing out those credit cards. Just think of the civil and social unrest to come, along with the Israeli-Iran nazi conflict, well here comes the fun!
Did you know under The United States Civil Disturbance Plan 55-2 under the reach of the new HSPD20 dirrectives, the administration could call for martial law and disband the judicial system, placing it under martial courts juricdiction if A:the economy crashes... B:economy becomes the topic of public complaint and/or "non-conformist" grumbling.
In 1979, Terry Miller decided that compressed air was the perfect medium for storing energy. He developed Air Car One, which he built for $ 1,500. Terry's engines showed that it was feasible to manufacture a car that could run on compressed air. He patented his method in 1983 (US4370857).
The pumps it takes to compress air run off of electricity, which is primarily generated by natural gas or coal. Compressed air is NOT an energy source, but nothing more than an energy carrier, with a very poor return on the energy invested. Nice try BUT - There is no beating the second law of thermodynanics is this universe. We are note going to get around the curse this earth is under through our rebellion. We're suppose to earn our bread by the sweat of our brow - wake up.
Compressed air energy storage (CAES) uses off-peak electricity from wind farms or other sources to pump air underground. The high pressure air acts like a huge battery that can be released on demand to turn a gas turbine and make electricity.
CAES can supply around 100 megawatts of power for several hours, and the needed geological formations (abandoned mines, salt caverns, aquifers) can be found around the world.
Currently two CAES facilities exist in Germany and Alabama.
To improve the efficiency, RWE and GE are working on a new design called advanced adiabatic CAES (AA-CAES), in which the heat that is removed from the air during compression is stored and later used to reheat the gas as it is discharged.
"In this case, the air is hot enough to drive an air turbine without using combustion gases," Marquardt said.
The efficiency could be increased to 70 percent, and if combined with wind power, an AA-CAES system would release no carbon dioxide.
the Tata Nano, the $2500 (or maybe a bit more) mini-car will offer a MDI compressed air engine as an option. Tata has been backing MDI for a while now,
$3 worth of electricity will probably fill a tank for a 125 mile trip.
$3 of electric for an air car? It cant be, the electric car (depending on chargers) must be charged 12-24 hours and is $2 per charge (per day) to run only 40 miles (total until next charge). However the air car uses only electric for the compressed air which I been told takes a few minutes of electric and yet it can run for 200 miles before needing more compressed air. In comparison with the electric car the time of recharge is minutes verses hours (24).
JAPAN'S trade surplus in June plunged 88.9 per cent from a year earlier as demand slowed overseas for Japanese goods due to a cooling US economy and a stronger yen, the finance ministry said today.
Trade surplus in May came to 138.63 billion yen ($1.34 billion), falling from 1.25 trillion yen in June 2007, dropping for the fourth straight month, official figures showed.
Hey guys haven't been talkin for a while, birthday coming up so takin it pretty easy gettin my mind off of this for a while. Hope everyones doing good
Gm on the other hand is losing 82 dollars a share and is holding 40 billion in debt. Now with plummeting sales, banks deleveraging, and debt insurance at 3.7 million per 10 million in debt, how in the world will these companies not go under.
Hey, I've got an idea... Maybe the financial wizards in congress can bail out the airlines, auto companies, and banks! Sadly, it will probably come down to that. If so, the dollar will truly be worthless.
Ford and Gm will soon be in bankruptcy. Think about this, for every share of Ford, as an owner of the company, you will take on 75 dollars of debt! From 2001 -2007, F made $21B from their financial arm but still went on to lose a cumulative $18 B! That was their last support. Without the profitability of that division, F is in free fall. The credit markets are making it harder to borrow, the value of vehicles that come off of lease is falling, and the division's debt is sky high at $142 B.
I hope it gets that way in US and Canada, urban farming sounds cool. That is why I want a total meltdown - people will start driving Electric or Air cars as well.
im not so sure how the markets work or how the fed works...but i know how to roll up a dollar bill and bang someone over the head with it in a way that gets attention...voting doesnt work, complaining doesnt work...shutting off the money works. we have to do something effective for a change. STOP SPENDING...dollars vote better than the lever at the ballot box.
we have to start striking at the big money if we want to affect a response...getting off the grid, sharing info with others...reducing all purchases...tightening up the noose on them for a change...then we find out who is really in power...then...we know who to go after...
expect oil to start rising again tomorrow...read the story about the mexican oil fields going dry ...so much for that quarter drop in gasoline prices....the link is on msn homepage...
ive been thinking about doing some "off the grid" projects ...i have an idea for a solar heater ...use it for hotwater and for space heating...by combining some do it yourself junkyard ideas...anyone else doing anything to reduce need for power? we should, no matter whats going on reduce our reliance on the grid...
I bought a sun oven.. Ive been thinking of getting a solar panel to charge one of those emergency power stations( radio,light,two plug ins) wont provide alot of power... but enough to have basic needs..
i saw a waterheater that was made out of a the cooling coils from a fridge...then i thought...why not use that idea, to heat old waterheater tank full of water...use a small 12volt pump and a car ac condenser to circulate the hot water...put it in a nice looking box with a small fan behind it...and there you have it...so simple...so cheap..less than 25 dollars...the old waterheater is insulated so it should hold heat 24hrs...it might be better to fill with old oil..it holds heat longer..
The purpose of a refer is to TRANSFER heat from storage compartment to coils. It does NOT generate heat. It might work a bit in summer, but transfer no heat in the winter.
1. Fill the tank with oil. Not only does it retain heat well, but it will not corrode the tank like water.
2. Use a gas water heater and replace the burner with a wood setup.
3. Use convection to circulate the oil. (you might need a small pump just to get the flow started).
you can build a hot box to put the frige cooling coils in...run water/oil through the coils into a holding tank...from the holding tank into a ac/condenser then from the ac/condenser back into the refrig coil. basically you create a loop using a inline fuel pump. ill get you the link for the waterheater...so you can visualize the process...i think that using oil would retain heat better...
i like your idea too jc...i just am trying to eliminate some of the work...convection would work well but would likely have to used a car radiator instead of condenser....or a heater core...ill spend some time playing around...see what i can do..if it works ill send anyone who wants it the plans..
i build streetrods...1930s cars with modern equipment...pinto rack and pinion, chevy v8s ...have a pretty good idea about how mechanical things work...and im a cheap bastard...im glad i grew up figuring out how to make things work...we had too ...i have 4 sisters and 2 brothers...when i was a kid my dad cut holes in our pockets at christmas just so we'd have something to play with..
get a smaller pannel...one that keeps a 12 volt car battery charged, an electric fence charger. they are only about 30 bucks...will run a radio, keep your laptop and cell phone up...and also keep you a few lights going...buy LED lights they less electricity..
Is this not cool? A case against oil bulls. The Air Car, developed by ex-Formula One engineer Guy Nègre, will be built by India's largest automaker, Tata Motors. It is anticipated that approximately 6000 Air Cars will be cruising the streets of India by 2008. If the manufacturers have no surprises up their exhaust pipes the car will be practical and reasonably priced. The CityCat model will clock out at 68 mph with a driving range of 125 miles.
All the congress can this of is bio fuels and opening up the Arctics. And where is the govt. grants for innovation? On top of that, this congress is on par with the Soviet Era when it comes to red tapism.
The CityCAT, already being developed in India (bottom left), will be available for US production in three different four-door styles. But it's the radical dual-energy engine, with a possible 1000-mile range at 96 mph, that could move the Air Car beyond Auto X Prize dreams and into American garages.
Its understandable why this is not that popular with the powers be int the US, that when these type of cars become widespread, the era of monopoly oil money is over. Yet another reason for a dollar bear. Of course, nothing is black or white.
BDC most things for you are either drive-buys or fly-overs...you continue to demonstrate the instincts & intuitions of a backwoods spinister I have dis-missed more things about "economics" that you have even located...
TGS I live on earth you live on some planet where creating tons of money creates deflation. But, here in America money creating sppppurs inflation. Sorry, I've had better arguments with my cereal in the morning. Keep your cash and in 6 months you'll be lickin my boots.
the value in treasuries comes from the fact that if you got more than $100k you halve almost no choice but USA Treasuries. History speaks. You and I professing change are not so important.
If you want to deal with the engine of the USA you buy treasuries. OR ELSE---we still got the guns.
History speaks, gold. Russia and China are a little less afraid of "the guns" than the rest of the world. If Russia wasn't sitting right above Iran and committed to supporting them, wouldn't they already have been attacked?
mr1fed Also china and india would do what they can to protect Iran. It would also piss the arabs off. My call is if we/israel do attack Iran it will be from nov.5 to Jan 19.
BDC: Volcker was one of the fed chairmen that you could actually call good.
___________________________
LOL: You either abide by free market principals or repute the FED!. Are you a principled player or do you swing dependent upon the wind?
So: BDC is a FED GUY? but with distinction? Volcker Good? I thought production was good? When, under what FED did we change from production to consumption?
Volcker was appointed as Fed Chairman to do the bidding of his masters, nothing more. It's the same Fed as now it just had a different agenda in the moment.
Was the fed around when we had the strongest manufacturing base in the world? YES. That still doesn't mean I like the fed. Just because the fed is evil doesn't mean Volcker is bad. He crapped on Greenspan and Bernanke. You have no knowledge of history so it's hard to argue with you.
Saudi Arabia, this is a country of a few thousand uber rich and millions of uber poor. The Saudi Royal family is in bed with the USA. They sell us their oil, and live the life of a royal. Now, we need money. So, we go to the Saudis and say, charge us more for oil--we will tax it--- but in exchange buy our treasuries. If you don't we will kill you.
Is the US at any point in the future going to cut spending? Are they going to reduce taxes? Are they going to withdraw from the ME? They will need to look after Pakistan, Afghanistan, and Iran. The real GDP supporting all of this is not that robust. Where do the long term buyers of treasuries come from?
mr1fed--we probably agree more than we disagree. I see credit contraction trumping money creation. We will see, i might be wrong. Wouldn't be the first time. Logically, i admit the Gov has to try to inflate, believe it or not, i respect the FED, but importantly i think they are beat. The legislative branch is worthless.
I give myself about a 10% chance of being right, my time frame, how I see it playing out.
The way I see it is that you in essence are right but I see a different outcome. The reserve currency supported by military intervention allows the US to get away with a lot. There is however no end in sight when it comes to what the US will take from the rest of the world. Other countries (China, Russia, Iran, India...) have to be extremely concerned and if they could get out of the treasuries, they would. The question is, how far can the US push the rest of the world?
as people talk about hyperinflation they need to deal with history. Historically, hyperinflation occurs when a country has foreign debts, not domestic debts--they hyper inflate their currency—rob from their people---- to pay off foreign debt. Second, hyperinflation is a result in 'loss of confidence' in a currency-this is key. Like it or not the dollar is the reserve currency of the world, this is impossible to unwind overnight it will take 20+ years.
Funny, I just read an article how lines of angry customers was avoided by the two latest bank takeovers. Mutual of Omaha Bank bought all of the two banks' deposits. On Monday, Mutual of Omaha will open the banks as its own branches and during the weekend, accountholders can access their funds by writing checks or using ATM or debit cards. They make it sound like business as usual, TWO BANKS RAN OUT OF MONEY!!!
WASHINGTON (CNN) -- President Bush personally asked Senate Majority Leader Tom Daschle Tuesday to limit the congressional investigation into the events of September 11, congressional and White House sources told CNN.
Absolutely, I believe the stock market will collapse sometime between sep 2008 and feb 2009. The second i think differently, or think its just days away, YOUTUBE will be the first to know.
In all honesty, at this time, I believe from the 3rd week of September on, it will be imminent.
Regardless of oil. although I believe oil will make new highs in late august/fall along with gas.
Maybe I'm confused. I thought the dollar is going to crash and be worthless in the next few months right? And that is going to cause hyperinflation. But if like 10 banks fail next week and the public panics and all money is pulled from the banks, there isnt enough money in the banks!! How can there be hyperinflation when over 90% of people cant get money out. They wont have cash. Maybe someone can clear this up.
So countries like China cash in their T-bills, which is the transfer of money from one computer to another. We dont have the money to pay them. Its like the bank coming to collect a car payment and if you dont have it, they take your car, but in this case China doesnt have collateral. Just our promise as a prosperous country. So we give them some to make them happy but this doesnt put more cash in Americans hands here, even if the dollar is worth zero, they dont have even worthless dollars.
coop as you already know the fdic insures 100k dollars. all the money isn't wiped out. And most people don't have 100k in the bank. Foreigners come in cash in there stuff in real assets driving prices sky high. The fed hasn't even started creating money yet either you've seen nothing yet.
bdc03,gods2fight- Ok, I get it. When enough banks fail to produce panic and runs, the fed will issue checks to people and they in return will get cash from the remaining banks open (assuming there will be any). This is where the fed will print most of the cash that will flood the market. Other countries dumping the dollar will cause the hyperinflation but all of this will happen around the same time. I wouldnt suggest people wait to take money out or for a check from the fed. Prob be too late!
supra good questions. the truth is nobody knows--certainly i don't. Logically the FED will attempt to inflate away debt--because without cutting spending and raising taxes there is no way to pay off the debt without inflating.
The number one job of the FED--despite what most think--is to provide a market for the Treasury to sell treasuries. We spend more than we take in, in taxes, so the GOV has to go to market, sell treasuries. Once they can't do this then we have hyperinflation.
TGS- How likely is it that countries will stop buying treasuries all at once? Are we talking more than one country and will those countries stop completely or just lower the amount that they buy? Not sure if this has happened in the past so I dont know where to look to make an accurate assessment.
i think it is likely soon buyers will require a better interest rate to finance our debt. So far, the ME has been buying a lot of treasuries from us because we allow them to charge $100+ oil. So you and I pay the tax at the pump in exchange for the ME buying our treasuries—this is the republican's way of taxing without raising taxes. China will keep buying until they won't, they are caught up in the game, they are sucking money out of us too.
"So far, the ME has been buying a lot of treasuries from us because we allow them to charge $100+ oil. "
What does this mean? Allowing to charge?
The ME buying treasuries is directly connected to their inability to retain their own resources. They have to move their money in the country their resources is consumed, where the production done with the resources is done. It is the better way (if not the only) for them to benefit from their resources.
it means our govenmint needs to fund 'operations' so they wink wink agree to pay the ME $100+ oil in exchange the ME royals agree to recycle the money back into buying treasuries. It is the same way we paid for the Vietnam war. A stealth tax on you and me.
they don't have to 'stop all at once'. all that needs to happen is a subtle change in buying interest that translates to Treasury paying a higher yield. This will then result in people selling existing treasuries to take advantage of the 'new' better yield. This is a reinforcing loop— A bond crash.
So while others are looking for $250 oil, food shortage, anarchy, stock market crash, Iran attack, martial law; I am looking for a bond crash.
Every indication is that the debt will soon be at 10.8 trillion. Fannie & Freddie, Indy mac, Pakistan, shrinking GDP and tax base. How is this positive for the dollar. Higher bond rates mean greater taxes or greater debt, and deflation means spending cuts or accelerated borrowing. Foreign debt to GDP is already very high. Your own statement about 100 trillion in unfunded liabilities. Where does this put a floor in the dollar or attract buyers for treasuries?
The dollar won't even exist in 5 years. It's not even an argument. We already owe too much debt. What backs our dollar is worthless debt this will soon be realized. Then everyone will get rid of their trash dollar and these inflationary polices won't go away.
bdc- So you think Amero or at least another currency will replace the dollar for sure? And when that happens, in your opinion, will we go back to the gold standard or not?
I agree with TGS that there are strong deflationary forces but Freddie and Fannie demonstrate that there are also strong inflationary forces. What I can't wrap my head around is why would anyone continue to invest in treasuries when a fragile economy will be crushed with treasury interest rates rise? What is backing the treasury at that point?
In my view Volcker is a scum bag who participated in crashing our manufacturing base by raising interest rates ski high. So, selectively sighting ' the Fed' to support an opinion is not so convincing to me.
IMO you will not see a dollar collapse--it has already happened--already lost 97% of its value--rather you will see foreigners continue to come in and buy up USA for pennies on the dollar. the rich will get richer the poor poorer--no need for a--albeit—simple-sexy- dollar collapse.
but anyway, if those holding dollars start buying USA assets then you have more money chasing assets---prices will stabilize—instead of continuing down--- so you have a floor under the dollar.
TGS Prices aren't going down. The only place prices are going down is the housing market. The dollar won't be the reserve currency very much longer. 100 percent chance of hyperinflation all fiat currencies are doomed to this. China will dump their dollars and make their currency a 1000 times stronger. I would argue deflation, but we have a crap currency not one backed by hard assets like gold and silver.
china buys treasuries because they want to continue selling lead toys to children here. ME buys treasuries because they want to sell you and I $5 gas.
What is China supposed to do with their profits from selling toys? Invest in their own people LOL. Study history. No power invests in their poor, they exploit others.
They pump their profits back into treasuries because it allows them to sell the toys.
Isn't that the whole point, "it will work until it doesn't"? Americans have no money, you say that yourself when you argue deflation. Do you see anyone with new money? Are Americans going to continue to buy Chinese toys or is that a dying market?
no. for the most part America is already to see higher unemployment, higher taxes, higher bankruptcies, higher foreclosures, defaults, wage cuts, credit destruction, cut backs and asset destruction. We are going to be buying less, driving less, eating less. Despite all of the above it makes me laugh that the FED talks about 'wage price spiral"—and inflation. What a bunch of jokers--
I see what smile theory is and it's clear that I'm arguing against it. I don't see that happening when all the factors that have created this current situation remain. factors are deficit spending, debt, over taxation, and 100 trillion unfunded liabilities (TGS's number). Unless these change, I see a ceiling on the dollar.
i have to know what you think./will it collapse this year?
jonathanmoreno1000 11 months ago
Americans dont see the bigger picture of their Nation as a Masonic Freemason Nation. Everything about the Red White & Blue or Rather the planet Jupiter is one piece, How about Anubis erected at the Denver Airport along with the Blue Mustang, Your Capital's are Temples of a practice called Cabala. Your beloved Corporations practice this Magic art along with their symbols like Nike's swoosh or the rings of Saturn. Do you know what a Star Buck is?. The founders were Masons & you've been Hoodwinked
WarDogLRS 1 year ago
@WarDogLRS well said!no one on earth can defeat them!they hate it that they are now exposed!
jonathanmoreno1000 11 months ago
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''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
tickyul 1 year ago
because they need to revised everything using mark of the beast using chips making people like robots and killing them spiritually and physically!
TheAqruipnos 1 year ago
Urt are full of gud noweledge
deadflo 1 year ago
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We all worry about you VisionVictory.....
Honestly, you will be one of the first that gets rounded up and thrown into the FEMA camps.....
You, Alex Jones ( and Man Of Truth)....
We believe what you are doing is wonderful, but you are asking for them to take you in the night!
We worry that just because we watch you, we will have our doors bashed down in the middle of the night, and be shoved into a camp........
For Gods sake we all need to be careful!
DeathOfTheDollar2010 2 years ago
Fear Mongering
cjjloveseverybody 2 years ago
Great video, but you're wrong about the oil.
With no industry, there will be no call for oil, the market will collapse completely.
stawmy 2 years ago
great work
crinoid1918 2 years ago
how do i get on your friends list!
dadhadit 2 years ago
I am sorry if this might seem rude, I will tag my video onto yours because we need help right now with soon becoming homeless, this is a very desprate move and I feel guilty to ask for help and using other's videos to give a link to mine so others can watch it also but this is all in good because we are soon to be homeless... thanks for reading this and I am sorry if you are not into letting others vid response.
ZaneLear 3 years ago
I think people like you are agents trying to scare people into pulling their money from the bank and changing it over to other currecies to destroy the dollar and the US.
Nothing will happen to the US in November, December, or January, or Feb. There will be NO collapse and you will look the fool..
sigmiami 3 years ago
dollar isnt looking good. dow jones still going down fast. your government will be spending more under obama - what can i say you guys are doing fine
thereemix 3 years ago
dolalr will bounce back and then what what bullshit will you spew
sigmiami 3 years ago
hahaah your a fucking moron. do you know anything? thats like saying god payed off all my debts.
yz250thatownsyou 3 years ago
yz250th: Go back to playing your video games, which you probably suck at as well and are constantly pw3d biiiaatch..
sigmiami 3 years ago
i own at crysis wars foob. i own cod5, i own need for speed undercover, mercanarias 2, fallout 3, i own you biach.
yz250thatownsyou 3 years ago
lol, you really sound like what you are, by the way the Ameros part is BULLSHIT - if the dollar would fall to zero, changing its name would not give new value - as what matters is what the currency is based on and not what it is called dumb fuck... Pw3n3d Yet again biiiaaatch! Get to school and stop trying to get knowedledge from videos made by lunatics..
sigmiami 3 years ago
OK, time for a lesson. the currency is based on a NAME "dollar". In 1971 Nixon unilaterally canceled the Bretton Woods system and stopped the direct convertibility of the United States dollar to gold. after 1971 the dollar stood by itself.... a name, paper and ink...even trust. without gold backing it up the federal reserve could create loans from thin air to fund ANYTHING, and pay for health insurance, war , ect... creating new money will make the currency(value) drop.
yz250thatownsyou 3 years ago
Lol, yes and calling the dollar by any other name will not increase its value - THE NAME means nothing......
sigmiami 3 years ago
the name is all the dollar has right now.... oh, and the paper and ink.
yz250thatownsyou 3 years ago
do you know how inflation works? more then 80% of the us money is LOANS, therefore a country loaning money is literally creating money that was not there b4. doing so the increase of money is making it lose its value. the ONLY way for the dollar to bounce back is for the us to pay back ALL the LOANS. you americans DONT have enough money to even pay the interest on those LOANS, thus you cannot get rid of all the extra money. it loses value naturally. look it up on google. the us is alreadyplannin
yz250thatownsyou 3 years ago
so explain how the US will get out of debt. who will pay for it? there US is already shipping ameros to the japanies banks for when they change the currency. the US is already suffering from a recetion which is causing more inflation. is inevitable.
yz250thatownsyou 3 years ago
C0ome on now tell them some truth
20 - 50 million American jobs will be gone by 2010.
more people are on food stamps today than ever in the history of America including the Great depression.
Tell them why the North American Union is coming ,that is The USA is a dried up prune when it comes to natural resources.
Tell them about the bankruptcies coming for all sizes of business.
You can not leave the USA with your money today.
Tell them about the coming riots and the concentration camps
dave777blaster 3 years ago
what fucking awesome timing this guy did ey?
Rspringscabin 3 years ago
Instead of lying about his participation in the FannieMae fiasco, I'd like to see Obama explain why he did NOT sign this letter back in 2006, warning about the FannieMae-FreddieMac disaster:
tinyurl (dot) com/3q6dc9 (fix the "dot," obviously)
19 Republican Senators signed it.
Not ONE Democrat signed it.
Where was Obama?
blaupunkt455 3 years ago
wish I had found you sooner, but I have been listening to Schiff...thanks for the great work and research!!! What anyone can do to help... watch?v=mCPEBM5ol0Q
kill your lawn, you're gonna need all of your property to grow assets...literally!!!
impalapez 3 years ago
nice work bud! i've been reading on peter schiff all day seems you've been doing the same for months ;)
dcm05002 3 years ago
When you call your Congressman or Senator about the Bailout, also ask where 2.3 Trillion missing dollars are from the Pentagon. Break their Stones Day & Night. 2.3 Trillion would give every Man, Women & Child $8,000.00 Dollars Each.
The United States is being Extorted by International Bankers who will drain our Treasury to ZERO, Wake Up People.
rocksiphone 3 years ago
Yup, you were right!
Thunderwavia 3 years ago 2
Good video!
mamagoddess 3 years ago
You said to subcribe and then get on your "friends" list- how do I do that?
tinafiedler1 3 years ago
All of this is an artificial crisis. I can sum it up with one word. FASCISM...
jdogg03infinite 3 years ago
you hit the nail right on the head
jamstrat 3 years ago
do anyone think there will be a market crash?
whizzyproduction 3 years ago
dude if you live in Cali I sure as hell hope you have a bug-out plan. Cali will go full-on police state FIRST..in fact I watch cali closely for that reason.
OptikNerv1138 3 years ago
jhh
mitchee009 3 years ago
Come on America, please stop this economy crisis...it is effecting many countries in Asia like Japan Korea, China, Taiwan and Singapore!! we cant afford to lose more money in stocks..etc.
DeltronsBET 3 years ago
guess we're getting you back for 1997 (kidding). I'm aware of the asian markets and I think you guys will come out of this basically ok. Main problem will that many asian countries are vulnerable to oil price shocks. Other than that asia is much better off than 1997. The US however, is royally screwed. Get out of USDollar when the markets open. You wont have to wait long for that trade to work out.
OptikNerv1138 3 years ago
People who deny the economic collapse are STUPID, DON'T EVEN KNOW WHAT THE HELL THERE TALK EN ABOUT, and DON'T EVEN WANT TO BELIEVE IT why because THERE AFRAID AND SCared....... i mean comeon I'm scared.......
SecretAgentDann 3 years ago 3
checkout watch?v=qtYnk7Pnnpc for the stunning parallels between the environment before the great depression and the US today.
rippedangels 3 years ago
DON'T BUY GOLD!! BUY ROPE!! lots of it !! you can sell it to all the dumb fucks that are going to wanna hang themselves for chargeing there life away on c/cards and bank loans !!!!
DOWN WITH THE NEW WORLD ORDER !! DOWN WITH THE N.A.U. !!!!
muncleike 3 years ago
Thanks for the tip. I've just come back with 3000m of rope! I hope it goes up per meter. Ill let you know how it goes :)
fox20012 3 years ago
C'mon you guys - unless the government starts printing a LOT more money, there won't be any real inflation. Thats the definition of HYPER inflation. You cannot have hyper inflation if there isn't like 1000 times more dollars. Banks collapsing, depressions and such do not normally mean there will be hyper inflation.
lexscripta1 3 years ago
Remember, another factor is the perception of a sound dollar. Once reality trumps perception all bets are off.
visionvictory 3 years ago
The government CANT print money. The government DOESNT print money. The Federal Reserve has been printing this country's money since the 1930's Depression. They are a private corporation and are not part of the government, neither is the IRS, you dont HAVE TO PAY an income tax. Not technically, everyone does cause they are too scared to question anything. We have are being robbed in everywich way imaginable. Think about it? Papper Currency? BACKED BY NOTHING not GOLD. NOTHING! Get educated.
verminslayer 3 years ago
Actually, it is POA and Commercial loans that will tip the scale. 500billion in POA and 80% of that is expected to default.
MarketSpeculator 3 years ago
people are starting to wake up now but there are still people who are like "the economy is fine, it will get better, gas is going down"
it will not get better, the US economy cannot be repaired at this point, especially with 2 wars going on overseas. 2 billion a week...
JCrocket4029 3 years ago
indy mac lost 500000000 million dollars not thousands
101conspiracy 3 years ago
10,000 customers lost over 500,000 thousand. No doubt that the bank loss was in the billions.
visionvictory 3 years ago
EGYPT CMA GENL INDX
down 30 percent
101conspiracy 3 years ago
U.S. politicians are to blame. They've lined their pockets with cash by selling out the U.S. people. How? OK, oil lobbys. But, their votes also let U.S. owned corps move across the border & overseas to take advantage of a cheap labor market to break the unions which created the middle class. Cheap products were imported to compete with U.S. goods. Textile & electronic industries were the first to go under. A few remain but they are slowly going under. Housing now. The auto industry is next.
metaspherz 3 years ago 3
You want to see an economic collapse...look at China. Shanghai Index getting cut in half.
MarketSpeculator 3 years ago
ignore the markets, look at their economy. They very strong and have a positive outlook.
visionvictory 3 years ago
NIKKEI 225
cut 40 percent
101conspiracy 3 years ago
The same could be said for the dow '29...long run they will be fine just like the USA was in '29 but tough times are ahead for China. Shanghai now down roughly 60% will probably be down 75% or so when all is said and done. An economic downturn will then proceed...global slowdown.
MarketSpeculator 3 years ago
you mean
HANG SENG INDEX cut 30 percent
101conspiracy 3 years ago
your timing is on the money
mrpeowpeow 3 years ago
That's what happens when your country is full of fat people whose expertise is to scratch their asses and gobble burgers all day long.
seppukuhierarchy 3 years ago 5
...that's what happens when dumb people are allowed to live.
seppukuhierarchy 3 years ago
im gonna write in vote ron paul
motn12 3 years ago 2
You only put 20percent of any money into Precious metals, but so far in the last 100yrs PM have kept up with inflation,so they look like a better bet than dollars.Spend the dollars you earn on things you will use any way,as its value will decrease when oil starts up wards trend in september when usa buys home heating oil.Silver a hedge against inflation
keithholden 3 years ago
I'm new at this. how do I put in a friend request?
sthrnynk 3 years ago
With Ron Paul out of the running, there's really no one to vote for.
perkele0079 3 years ago
A supporter of Ron Paul is a friend of mine!
AiresQX4 3 years ago 12
Hey, so got to factor in the mideast wars to come, switching the industrials to military purposes should help some, though terrorist attacks from sleeper cells in Toronto and Montreal in the US heartland will be rough.
Thunderwavia 3 years ago
do you mean by terrorists mossad?? i take it..
COUNTCARDULAR 3 years ago
No the Islamofasicts silly, the new Green Nazi's. Silly
Thunderwavia 3 years ago
oh right.. i thought mossad would be attacking.. there prob jsut gonna nuke a major usa city instead.. they helped plan 9/11 with the bush admin and zionist world bankers. glonbal warming is indeed a farce. but ww3 wont be..
COUNTCARDULAR 3 years ago
So with the government's help subprime borrowers are still in trouble? Are you suggesting that we put all of money in gold and silver?
moniequa 3 years ago
we have the (almost) exat same problem as we have in the -90:s.
the banks have lend to much mony.
the stock market in down
and higher inflation.
innefitterosa 3 years ago
Inflation ?????
I wouldn't compare this to the 90's at all, especially the mortage fiasco.
visionvictory 3 years ago
It is a lot like the end of G.H.W.B. administration. But worse, way worse.
particletheory 3 years ago
I understand being a realist but with respect it seems almost like its becoming a "cant wait till it happens" fettish. I"m the biggest boyscout you'll ever meet when its comes to preparedness for possible eventualities, but to live everyday in total anticipation of its occurence imo seems like the good days are being squandered waiting for the bad.
wheelzaspinnin 3 years ago
Hello all, been watching situation for over a year closely with all concerns mentioned in mind. Watched damn near all vids from vv and all others, read all comments ect. With that said how much do we underestimate the ability to have the charade cont. Many prev market crashes. s&l crises I recall pretty unsettling to alot of folks. Dozens of other ex. Not saying house of cards doesnt fall at some point, but many before us have predicted incorrectly. It seems many here almost desire this
wheelzaspinnin 3 years ago
I predict that the next credit crisis will be with consumer credit (credit cards, auto etc. With the current situation, expect banks to write off billions in bad credit card debt. Once consumer credit starts to try up, we are in serious trouble. American Express has already begun to cut the credit limits of it's customers, even business customers! Massive layoffs in the retail sector coming.
lostprophet912 3 years ago
yah i agree unsecured credit card debt is going down. People now are maxing out those credit cards. Just think of the civil and social unrest to come, along with the Israeli-Iran nazi conflict, well here comes the fun!
Thunderwavia 3 years ago
Did you know under The United States Civil Disturbance Plan 55-2 under the reach of the new HSPD20 dirrectives, the administration could call for martial law and disband the judicial system, placing it under martial courts juricdiction if A:the economy crashes... B:economy becomes the topic of public complaint and/or "non-conformist" grumbling.
1900whogivesa 3 years ago
In 1979, Terry Miller decided that compressed air was the perfect medium for storing energy. He developed Air Car One, which he built for $ 1,500. Terry's engines showed that it was feasible to manufacture a car that could run on compressed air. He patented his method in 1983 (US4370857).
TGSIII 3 years ago
The pumps it takes to compress air run off of electricity, which is primarily generated by natural gas or coal. Compressed air is NOT an energy source, but nothing more than an energy carrier, with a very poor return on the energy invested. Nice try BUT - There is no beating the second law of thermodynanics is this universe. We are note going to get around the curse this earth is under through our rebellion. We're suppose to earn our bread by the sweat of our brow - wake up.
mahershalalhashbaz08 3 years ago 2
Thermodynamics - typo
mahershalalhashbaz08 3 years ago
*nods*
dtaijo174 3 years ago
Compressed air energy storage (CAES) uses off-peak electricity from wind farms or other sources to pump air underground. The high pressure air acts like a huge battery that can be released on demand to turn a gas turbine and make electricity.
CAES can supply around 100 megawatts of power for several hours, and the needed geological formations (abandoned mines, salt caverns, aquifers) can be found around the world.
Currently two CAES facilities exist in Germany and Alabama.
TGSIII 3 years ago
To improve the efficiency, RWE and GE are working on a new design called advanced adiabatic CAES (AA-CAES), in which the heat that is removed from the air during compression is stored and later used to reheat the gas as it is discharged.
"In this case, the air is hot enough to drive an air turbine without using combustion gases," Marquardt said.
The efficiency could be increased to 70 percent, and if combined with wind power, an AA-CAES system would release no carbon dioxide.
TGSIII 3 years ago
Oil is coming down so that can only be good right?
virusone25 3 years ago
If oil goes really low...won't it collapse our economy?
Wivanunu 3 years ago 3
$2,500 car? An air engine as well? Next Year?
the Tata Nano, the $2500 (or maybe a bit more) mini-car will offer a MDI compressed air engine as an option. Tata has been backing MDI for a while now,
$3 worth of electricity will probably fill a tank for a 125 mile trip.
TGSIII 3 years ago
The Air Engine car is closer to $8000, if it makes it to North America, it could be closer to $15k, thats the last think the oil lobby wants.
gods2fight 3 years ago
$3 of electric for an air car? It cant be, the electric car (depending on chargers) must be charged 12-24 hours and is $2 per charge (per day) to run only 40 miles (total until next charge). However the air car uses only electric for the compressed air which I been told takes a few minutes of electric and yet it can run for 200 miles before needing more compressed air. In comparison with the electric car the time of recharge is minutes verses hours (24).
KARStarla 3 years ago
JAPAN'S trade surplus in June plunged 88.9 per cent from a year earlier as demand slowed overseas for Japanese goods due to a cooling US economy and a stronger yen, the finance ministry said today.
Trade surplus in May came to 138.63 billion yen ($1.34 billion), falling from 1.25 trillion yen in June 2007, dropping for the fourth straight month, official figures showed.
TGSIII 3 years ago
Hey guys haven't been talkin for a while, birthday coming up so takin it pretty easy gettin my mind off of this for a while. Hope everyones doing good
sbmillionair 3 years ago
Gm on the other hand is losing 82 dollars a share and is holding 40 billion in debt. Now with plummeting sales, banks deleveraging, and debt insurance at 3.7 million per 10 million in debt, how in the world will these companies not go under.
Hey, I've got an idea... Maybe the financial wizards in congress can bail out the airlines, auto companies, and banks! Sadly, it will probably come down to that. If so, the dollar will truly be worthless.
coultrane 3 years ago
Ford and Gm will soon be in bankruptcy. Think about this, for every share of Ford, as an owner of the company, you will take on 75 dollars of debt! From 2001 -2007, F made $21B from their financial arm but still went on to lose a cumulative $18 B! That was their last support. Without the profitability of that division, F is in free fall. The credit markets are making it harder to borrow, the value of vehicles that come off of lease is falling, and the division's debt is sky high at $142 B.
coultrane 3 years ago
Everyone needs to check this daily really good blog. globaleconomicanalysis (.) blogspot (.)
com
and this every few days for an update theinternationalforecaster (.) com
bdc03 3 years ago
This is possibly our future. /watch?v=42EkxB8umlM
BendoverBernanke 3 years ago
I hope it gets that way in US and Canada, urban farming sounds cool. That is why I want a total meltdown - people will start driving Electric or Air cars as well.
gods2fight 3 years ago
Anyone ever use EverBank for international accounts? If so what are your thoughts?
yellowtreat 3 years ago
im not so sure how the markets work or how the fed works...but i know how to roll up a dollar bill and bang someone over the head with it in a way that gets attention...voting doesnt work, complaining doesnt work...shutting off the money works. we have to do something effective for a change. STOP SPENDING...dollars vote better than the lever at the ballot box.
centervilletn 3 years ago
we have to start striking at the big money if we want to affect a response...getting off the grid, sharing info with others...reducing all purchases...tightening up the noose on them for a change...then we find out who is really in power...then...we know who to go after...
centervilletn 3 years ago
Vision.. new video today?? or are you going to wait till next week?
firethefed 3 years ago
no, i'm going to do my best to get one in today.
visionvictory 3 years ago
loading now firethefed :)
visionvictory 3 years ago
expect oil to start rising again tomorrow...read the story about the mexican oil fields going dry ...so much for that quarter drop in gasoline prices....the link is on msn homepage...
centervilletn 3 years ago
ive been thinking about doing some "off the grid" projects ...i have an idea for a solar heater ...use it for hotwater and for space heating...by combining some do it yourself junkyard ideas...anyone else doing anything to reduce need for power? we should, no matter whats going on reduce our reliance on the grid...
centervilletn 3 years ago
I bought a sun oven.. Ive been thinking of getting a solar panel to charge one of those emergency power stations( radio,light,two plug ins) wont provide alot of power... but enough to have basic needs..
firethefed 3 years ago
i saw a waterheater that was made out of a the cooling coils from a fridge...then i thought...why not use that idea, to heat old waterheater tank full of water...use a small 12volt pump and a car ac condenser to circulate the hot water...put it in a nice looking box with a small fan behind it...and there you have it...so simple...so cheap..less than 25 dollars...the old waterheater is insulated so it should hold heat 24hrs...it might be better to fill with old oil..it holds heat longer..
centervilletn 3 years ago
Neat idea, but won't work effectively.
The purpose of a refer is to TRANSFER heat from storage compartment to coils. It does NOT generate heat. It might work a bit in summer, but transfer no heat in the winter.
1. Fill the tank with oil. Not only does it retain heat well, but it will not corrode the tank like water.
2. Use a gas water heater and replace the burner with a wood setup.
3. Use convection to circulate the oil. (you might need a small pump just to get the flow started).
jcwitness 3 years ago
you can build a hot box to put the frige cooling coils in...run water/oil through the coils into a holding tank...from the holding tank into a ac/condenser then from the ac/condenser back into the refrig coil. basically you create a loop using a inline fuel pump. ill get you the link for the waterheater...so you can visualize the process...i think that using oil would retain heat better...
centervilletn 3 years ago
i like your idea too jc...i just am trying to eliminate some of the work...convection would work well but would likely have to used a car radiator instead of condenser....or a heater core...ill spend some time playing around...see what i can do..if it works ill send anyone who wants it the plans..
centervilletn 3 years ago
i build streetrods...1930s cars with modern equipment...pinto rack and pinion, chevy v8s ...have a pretty good idea about how mechanical things work...and im a cheap bastard...im glad i grew up figuring out how to make things work...we had too ...i have 4 sisters and 2 brothers...when i was a kid my dad cut holes in our pockets at christmas just so we'd have something to play with..
centervilletn 3 years ago
get a smaller pannel...one that keeps a 12 volt car battery charged, an electric fence charger. they are only about 30 bucks...will run a radio, keep your laptop and cell phone up...and also keep you a few lights going...buy LED lights they less electricity..
centervilletn 3 years ago
Anyone know if these DVDs about gold price manipulation are worth getting or are they outdated at this time?
v=H-r8lzKpso8
lc501 3 years ago
Is this not cool? A case against oil bulls. The Air Car, developed by ex-Formula One engineer Guy Nègre, will be built by India's largest automaker, Tata Motors. It is anticipated that approximately 6000 Air Cars will be cruising the streets of India by 2008. If the manufacturers have no surprises up their exhaust pipes the car will be practical and reasonably priced. The CityCat model will clock out at 68 mph with a driving range of 125 miles.
gods2fight 3 years ago
As a viable alternative, the car carries a small compressor which can be connected to the mains (220V or 380V) and refill the tank in 3-4 hours
gods2fight 3 years ago
All the congress can this of is bio fuels and opening up the Arctics. And where is the govt. grants for innovation? On top of that, this congress is on par with the Soviet Era when it comes to red tapism.
gods2fight 3 years ago
can think of
gods2fight 3 years ago
popularmechanics(.)com/automotive/new_cars/4251491(.)html
The CityCAT, already being developed in India (bottom left), will be available for US production in three different four-door styles. But it's the radical dual-energy engine, with a possible 1000-mile range at 96 mph, that could move the Air Car beyond Auto X Prize dreams and into American garages.
gods2fight 3 years ago
Its understandable why this is not that popular with the powers be int the US, that when these type of cars become widespread, the era of monopoly oil money is over. Yet another reason for a dollar bear. Of course, nothing is black or white.
gods2fight 3 years ago
BDC most things for you are either drive-buys or fly-overs...you continue to demonstrate the instincts & intuitions of a backwoods spinister I have dis-missed more things about "economics" that you have even located...
TGSIII 3 years ago
TGS I live on earth you live on some planet where creating tons of money creates deflation. But, here in America money creating sppppurs inflation. Sorry, I've had better arguments with my cereal in the morning. Keep your cash and in 6 months you'll be lickin my boots.
bdc03 3 years ago
the value in treasuries comes from the fact that if you got more than $100k you halve almost no choice but USA Treasuries. History speaks. You and I professing change are not so important.
If you want to deal with the engine of the USA you buy treasuries. OR ELSE---we still got the guns.
TGSIII 3 years ago
History speaks, gold. Russia and China are a little less afraid of "the guns" than the rest of the world. If Russia wasn't sitting right above Iran and committed to supporting them, wouldn't they already have been attacked?
mr1fed 3 years ago
mr1fed Also china and india would do what they can to protect Iran. It would also piss the arabs off. My call is if we/israel do attack Iran it will be from nov.5 to Jan 19.
bdc03 3 years ago
BDC: Volcker was one of the fed chairmen that you could actually call good.
___________________________
LOL: You either abide by free market principals or repute the FED!. Are you a principled player or do you swing dependent upon the wind?
So: BDC is a FED GUY? but with distinction? Volcker Good? I thought production was good? When, under what FED did we change from production to consumption?
TGSIII 3 years ago
Volcker was appointed as Fed Chairman to do the bidding of his masters, nothing more. It's the same Fed as now it just had a different agenda in the moment.
mr1fed 3 years ago
Soon there won't be any trust left in the dollar and it's value will go to nothing. Tgs doesn't know what fiat, gold, or silver is.
bdc03 3 years ago
Was the fed around when we had the strongest manufacturing base in the world? YES. That still doesn't mean I like the fed. Just because the fed is evil doesn't mean Volcker is bad. He crapped on Greenspan and Bernanke. You have no knowledge of history so it's hard to argue with you.
bdc03 3 years ago
Saudi Arabia, this is a country of a few thousand uber rich and millions of uber poor. The Saudi Royal family is in bed with the USA. They sell us their oil, and live the life of a royal. Now, we need money. So, we go to the Saudis and say, charge us more for oil--we will tax it--- but in exchange buy our treasuries. If you don't we will kill you.
TGSIII 3 years ago
Not what is happenning.
The fact that Saudi Arabia is exporting their oil impedes this country's capability to developp.
What should they do with the money they get? Money is not resources. You can developp without money but you cant developp without resources.
They could rebuy their own resources or invest in the countries they are selling their resources. The second option is the one they chose.
Same stuff with migration by the way. People are moving to countries their natural resources
TheCZMan 3 years ago
are exported. Nothing less consequently since they cant benefit from these resources at home.
On the contrary, everything points out that oil has been sold cheaper than it should have been.
If there is a tax, it is the other way round, the US (and other oil high consuming countries) are taxing the rest of the world.
TheCZMan 3 years ago
Is the US at any point in the future going to cut spending? Are they going to reduce taxes? Are they going to withdraw from the ME? They will need to look after Pakistan, Afghanistan, and Iran. The real GDP supporting all of this is not that robust. Where do the long term buyers of treasuries come from?
mr1fed 3 years ago
mr1fed--we probably agree more than we disagree. I see credit contraction trumping money creation. We will see, i might be wrong. Wouldn't be the first time. Logically, i admit the Gov has to try to inflate, believe it or not, i respect the FED, but importantly i think they are beat. The legislative branch is worthless.
I give myself about a 10% chance of being right, my time frame, how I see it playing out.
TGSIII 3 years ago
when i said i respect the FED. i meant i respect their power.
TGSIII 3 years ago
The way I see it is that you in essence are right but I see a different outcome. The reserve currency supported by military intervention allows the US to get away with a lot. There is however no end in sight when it comes to what the US will take from the rest of the world. Other countries (China, Russia, Iran, India...) have to be extremely concerned and if they could get out of the treasuries, they would. The question is, how far can the US push the rest of the world?
mr1fed 3 years ago
as people talk about hyperinflation they need to deal with history. Historically, hyperinflation occurs when a country has foreign debts, not domestic debts--they hyper inflate their currency—rob from their people---- to pay off foreign debt. Second, hyperinflation is a result in 'loss of confidence' in a currency-this is key. Like it or not the dollar is the reserve currency of the world, this is impossible to unwind overnight it will take 20+ years.
TGSIII 3 years ago
Funny, I just read an article how lines of angry customers was avoided by the two latest bank takeovers. Mutual of Omaha Bank bought all of the two banks' deposits. On Monday, Mutual of Omaha will open the banks as its own branches and during the weekend, accountholders can access their funds by writing checks or using ATM or debit cards. They make it sound like business as usual, TWO BANKS RAN OUT OF MONEY!!!
supracoop 3 years ago
You sound like theres a economic light at the end tunnel.
I see all these events from a biblical perspective and my friend this is just the begining,the top of the iceberg.
welcome to apocalypsis
CZARVII 3 years ago
Very likely, it will be over after the Olympics. The recovery will definitively take place.
TheCZMan 3 years ago
Does any1 know when the 2nd quarter gdp numbers will come out?
bdc03 3 years ago
bdc03- July 31
supracoop 3 years ago
WaMu, Bank of America, Fannie and Freddie all dead ducks
More blood on the street this week
taznruby 3 years ago
Bush asks Daschle to limit Sept. 11 probes
January 29, 2002 Posted: 9:26 PM EST (0226 GMT)
WASHINGTON (CNN) -- President Bush personally asked Senate Majority Leader Tom Daschle Tuesday to limit the congressional investigation into the events of September 11, congressional and White House sources told CNN.
BendoverBernanke 3 years ago
Hey VV. Any info on you're new video? Are you still sticking with you're prediction of the stock market collapse taking place this year?
purenirvana 3 years ago
Absolutely, I believe the stock market will collapse sometime between sep 2008 and feb 2009. The second i think differently, or think its just days away, YOUTUBE will be the first to know.
In all honesty, at this time, I believe from the 3rd week of September on, it will be imminent.
Regardless of oil. although I believe oil will make new highs in late august/fall along with gas.
visionvictory 3 years ago
Maybe I'm confused. I thought the dollar is going to crash and be worthless in the next few months right? And that is going to cause hyperinflation. But if like 10 banks fail next week and the public panics and all money is pulled from the banks, there isnt enough money in the banks!! How can there be hyperinflation when over 90% of people cant get money out. They wont have cash. Maybe someone can clear this up.
supracoop 3 years ago
trillions of dollars coming back into this country to "dump" it then the dollar would be worthless.
bdc03 3 years ago
So countries like China cash in their T-bills, which is the transfer of money from one computer to another. We dont have the money to pay them. Its like the bank coming to collect a car payment and if you dont have it, they take your car, but in this case China doesnt have collateral. Just our promise as a prosperous country. So we give them some to make them happy but this doesnt put more cash in Americans hands here, even if the dollar is worth zero, they dont have even worthless dollars.
supracoop 3 years ago
coop as you already know the fdic insures 100k dollars. all the money isn't wiped out. And most people don't have 100k in the bank. Foreigners come in cash in there stuff in real assets driving prices sky high. The fed hasn't even started creating money yet either you've seen nothing yet.
bdc03 3 years ago
Few dozen banks and FDIC will need more money .
gods2fight 3 years ago
gods2fight exactly, they are gonna start running the printing presses.
bdc03 3 years ago
bdc03,gods2fight- Ok, I get it. When enough banks fail to produce panic and runs, the fed will issue checks to people and they in return will get cash from the remaining banks open (assuming there will be any). This is where the fed will print most of the cash that will flood the market. Other countries dumping the dollar will cause the hyperinflation but all of this will happen around the same time. I wouldnt suggest people wait to take money out or for a check from the fed. Prob be too late!
supracoop 3 years ago
supra good questions. the truth is nobody knows--certainly i don't. Logically the FED will attempt to inflate away debt--because without cutting spending and raising taxes there is no way to pay off the debt without inflating.
The number one job of the FED--despite what most think--is to provide a market for the Treasury to sell treasuries. We spend more than we take in, in taxes, so the GOV has to go to market, sell treasuries. Once they can't do this then we have hyperinflation.
TGSIII 3 years ago
TGS- How likely is it that countries will stop buying treasuries all at once? Are we talking more than one country and will those countries stop completely or just lower the amount that they buy? Not sure if this has happened in the past so I dont know where to look to make an accurate assessment.
supracoop 3 years ago
i think it is likely soon buyers will require a better interest rate to finance our debt. So far, the ME has been buying a lot of treasuries from us because we allow them to charge $100+ oil. So you and I pay the tax at the pump in exchange for the ME buying our treasuries—this is the republican's way of taxing without raising taxes. China will keep buying until they won't, they are caught up in the game, they are sucking money out of us too.
TGSIII 3 years ago
"So far, the ME has been buying a lot of treasuries from us because we allow them to charge $100+ oil. "
What does this mean? Allowing to charge?
The ME buying treasuries is directly connected to their inability to retain their own resources. They have to move their money in the country their resources is consumed, where the production done with the resources is done. It is the better way (if not the only) for them to benefit from their resources.
TheCZMan 3 years ago
it means our govenmint needs to fund 'operations' so they wink wink agree to pay the ME $100+ oil in exchange the ME royals agree to recycle the money back into buying treasuries. It is the same way we paid for the Vietnam war. A stealth tax on you and me.
TGSIII 3 years ago
they don't have to 'stop all at once'. all that needs to happen is a subtle change in buying interest that translates to Treasury paying a higher yield. This will then result in people selling existing treasuries to take advantage of the 'new' better yield. This is a reinforcing loop— A bond crash.
So while others are looking for $250 oil, food shortage, anarchy, stock market crash, Iran attack, martial law; I am looking for a bond crash.
TGSIII 3 years ago
TGS- That means you dont see stock market crash, Iran attack, martial law, anarchy? Or maybe but bond crash will come first?
supracoop 3 years ago
Every indication is that the debt will soon be at 10.8 trillion. Fannie & Freddie, Indy mac, Pakistan, shrinking GDP and tax base. How is this positive for the dollar. Higher bond rates mean greater taxes or greater debt, and deflation means spending cuts or accelerated borrowing. Foreign debt to GDP is already very high. Your own statement about 100 trillion in unfunded liabilities. Where does this put a floor in the dollar or attract buyers for treasuries?
mr1fed 3 years ago
The dollar won't even exist in 5 years. It's not even an argument. We already owe too much debt. What backs our dollar is worthless debt this will soon be realized. Then everyone will get rid of their trash dollar and these inflationary polices won't go away.
bdc03 3 years ago
bdc- So you think Amero or at least another currency will replace the dollar for sure? And when that happens, in your opinion, will we go back to the gold standard or not?
supracoop 3 years ago
Even former federal reserve chairman Paul Volcker is predicting a dollar collapse that will lead to hyper-inflation. The dollar will be worthless.
visionvictory 3 years ago
I agree with TGS that there are strong deflationary forces but Freddie and Fannie demonstrate that there are also strong inflationary forces. What I can't wrap my head around is why would anyone continue to invest in treasuries when a fragile economy will be crushed with treasury interest rates rise? What is backing the treasury at that point?
mr1fed 3 years ago
In my view Volcker is a scum bag who participated in crashing our manufacturing base by raising interest rates ski high. So, selectively sighting ' the Fed' to support an opinion is not so convincing to me.
IMO you will not see a dollar collapse--it has already happened--already lost 97% of its value--rather you will see foreigners continue to come in and buy up USA for pennies on the dollar. the rich will get richer the poor poorer--no need for a--albeit—simple-sexy- dollar collapse.
TGSIII 3 years ago
How does "buy up the USA for pennies on the dollar" support the dollar's value or the treasury market if they're dollars already in circulation?
mr1fed 3 years ago
i guess VV won't let me post, i can't post.
but anyway, if those holding dollars start buying USA assets then you have more money chasing assets---prices will stabilize—instead of continuing down--- so you have a floor under the dollar.
TGSIII 3 years ago
TGS Prices aren't going down. The only place prices are going down is the housing market. The dollar won't be the reserve currency very much longer. 100 percent chance of hyperinflation all fiat currencies are doomed to this. China will dump their dollars and make their currency a 1000 times stronger. I would argue deflation, but we have a crap currency not one backed by hard assets like gold and silver.
bdc03 3 years ago
china buys treasuries because they want to continue selling lead toys to children here. ME buys treasuries because they want to sell you and I $5 gas.
What is China supposed to do with their profits from selling toys? Invest in their own people LOL. Study history. No power invests in their poor, they exploit others.
They pump their profits back into treasuries because it allows them to sell the toys.
It will work until it doesn't.
TGSIII 3 years ago
Isn't that the whole point, "it will work until it doesn't"? Americans have no money, you say that yourself when you argue deflation. Do you see anyone with new money? Are Americans going to continue to buy Chinese toys or is that a dying market?
mr1fed 3 years ago
are americans going to buy more toys?
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no. for the most part America is already to see higher unemployment, higher taxes, higher bankruptcies, higher foreclosures, defaults, wage cuts, credit destruction, cut backs and asset destruction. We are going to be buying less, driving less, eating less. Despite all of the above it makes me laugh that the FED talks about 'wage price spiral"—and inflation. What a bunch of jokers--
TGSIII 3 years ago
If I run a business and see my market drying up, what do I do? Look for a new market.
mr1fed 3 years ago
I see dollars flooding back in to buy up what will be some serious bargains. I still don't see how that will put a floor under the dollar?
mr1fed 3 years ago
look up smile theory.
TGSIII 3 years ago
I see what smile theory is and it's clear that I'm arguing against it. I don't see that happening when all the factors that have created this current situation remain. factors are deficit spending, debt, over taxation, and 100 trillion unfunded liabilities (TGS's number). Unless these change, I see a ceiling on the dollar.
mr1fed 3 years ago