Economic Update (08.28.2010) - Federal Reserve / Gold / Webbot

[forexyard]

USD/CAD continues to slide despite falling crude oil prices.

[forexyard]

So this is why gold is pushing its all-time high again.

[Panopticonable]

Well done, keep putting out the word. Your work is appreciated!

[Christianprepper1]

Why are you in the laundry room ?????????

[ILovelisanova]

The GLD closed slightly down in 2008

[Boatguy2010]

In the U.S. if you were to stop all wars and bring the men home where would they work?

[lindabebe835]

@zerosum glad you are blocked. no one is twisting your arm to watch these vids. It is free info. people need to use their own common sense as he suggests. get a life and stop being so negative.

[demensha23]

D, I tune into ABC Nightly News once in a great while,(Friday 8/27) and they had a piece about Bernanke and the economy. Didn't look good, as they played an old film from FDR's famous inauguration speech, and a Reagan speech on the economy back in the 80's The MSM is dropping a big hint to the masses that things will be going south. Black September, Red October in 2010 is my guess. Great advice, live like it's the 30's. Grow your own, cure your own, be self sufficient!

[1970porsche9146]

Are we, or are we not, talking about the meltdown being predicted for the next six months?

[paulkawsek]

what will happen to usd denominated bonds/bills they will also be worthless?

[moofph]

...be sure to have your tickets and find your seats for the curtain is opening...this show will have drama, comedy, action, suspense, violence, strong language, sex, and tragedy...don't leave early or you will miss the climactic ending...note: there will be no intermission...intended for mature audiences only.

[NewAmericanOrder]

We need to go back to something like the Green Back with no debt to us all, but that will never happen. The answers are out there with logic choices but the public is just to dumb to see it.

[GuildF40]

Thanks for this update D.

I am guessing the next year or two will be nail biting at times.

The bottom line is the sun will go up and the sun will go down :o)

The PM's are limited supply with a current unlimited demand = NO BRAINER

cheers mate

[gibbo675]

The comments on the weather are interesting as in Britain I have noticed the seasons seem to be shifting forward into months before they are expected.

There have been very heavy snow falls in early November and yet the most summery weather seems to be in April and May. It is August now and it is rather cold, very windy and rainy for the time of year, quite autumnal, it has been similar to this since late June.

[StandUp555]

Thanks for your good work and dedication . Much appreciated.

[KnowledgeDriven]

hey derek! great vid! well prepared and presented! thx for the info and ideas!

[mlndstream]

Lindsey Williams was told that war relating to Israel and Iran is planned for late next year UNLESS Israel decides to make a surprise attack earlier than that.The Obama administration has told Israel that it will be a year before Iran's nuclear progress could be at the point where they could make a "dash" to produce nuclear weapons while not giving the US or Israel time to stop them.Israel has already stated that if no one else stops Iran they'll do it alone

[mlndstream]

@mlndstream It makes sense,that any possible'tipping point'around November that is similar in nature but much greater in magnitude than 9/11 could well be a surprise strike on Iran by Israel,and could well become considered as an"Israeli mistake"since the world will lay the blame of any negative fallout(why did I choose the word'fallout'then instead of 'effect'?hmmm)that this may cause to the world economy(Iran mining Straights of Hormuz, and/or striking Saudi oilfields=oil price explosion?)

[mlndstream]

endlessmountain, it would be interesting to hear your view on this video series watch?v=l37RhdFGVsM as it suggests reasons why there may well be a deliberate intent to collapse the current world currency system and replace it all, rather than any possible currency collapse just being an accident

[mlndstream]

I find it baffling when I talk to people about gold and silver and the risks for fiat currencies around the world in relation to history, and how gold and silver have been used as money for thousands of years, and how it might be good idea to store some essentials for any possible emergencies in the future etc....and I regularly hear people say "but you can't eat gold"....as if they eat the fiat currency in their pockets at the time that they make this kind of statement or something?

[DEMCAD]

Didn't the Webbot predict that the dollar would be dead by November 2010?

[Doenietmeermee]

I am dressed like it is winter in August, but no snow :) both facts wit 12 C outside

[tesskansas]

2012 will be about oil, not PM's. Just a feeling.

[harveybirdmannequin]

I'll admit it. I didn't watch the entire long video.

Just wanted to say that while it's possible that all fiat currencies going down with the USD, it's NOT at all likely. Fiat currencies depend on confidence which depends on how much gov't abuses it through inflation or using it to fund unnecessary, illegal, immoral wars, etc.

Fiat currencies can work like Lincoln's greenbacks and many countries in the East have been very fiscally prudent. It's the USA that has abused the USD beyond repair.

[revolutionnot]

Thank you for the refresh on the webbot project! I've been curious about that. That minor panic at the end of October last year may have been one year early. That sometimes happens.

[DaleElder11]

Thanks you; give much of yourself to others for nothing. May Carma bless you.

[crushingright]

it's obvious this thing is running on fumes. There is no recovery. All Bernanke can do is create more bogus money to throw down the rat hole which is the Obama economic plan. Paper over the rat holes.

Now hold 20 silver eagles or 20 silver maple leafs. And then think about the amount of work it takes to make them. Gold and silver is the dope plain and simple.

[dgmoocher]

Someone suggested saving mason jar lids, thousands of them, to trade. Lite and portable!

[BugsMr123]

Don't you think that Bernanke represents the system? You can't expect him to agree with his critics. You have to read through the code-words, and with a mind to the context, and the Fed's goals.

But everyone knows that the stimulus has failed, and the questioh is: "What now?" Bernanke very clearly said, "We don't know what to do, but we'll be here to help."

[Richlz28]

Have you seen the youtube video "The Secret of Oz"? Thank you for your insight.

[endlessmountain]

About this massive rally in the dollar. If you are talking later this year or into next. It very well maybe. Hmmmm, I wonder how this happens? For the only way a dollar rally can be positive, is if they work towards getting the dollar to be positive. You know, back it by something real. Oh baby, then the dollar can be strong. So seeing USDX go to 100 next year is not a surprise. IF we see that, it doesn't change anything as far as a collapse of the currencies.

[capcom101you]

good work!

[believersunderground]

food is bank. Love Scott (BUG)

[endlessmountain]

@zerosum im not going to remove this comment and I should. I love constructive criticism, and this is not that. First off, you said I give bad advice. I do not give much advice, but rather facts and feelings. The reason I don't give much advice is because it is up to each individual to figure things out on their own with help that is available.

However, you are blocked. This means you can still watch the videos but you can not comment, rate or subscribe with this account.

[GreatDepressionTwo]

Always expect the unexpected

[NovusChaoMundi]

All fiat money will collapse when the dollar tanks, it will be a chain reaction.

[endlessmountain]

@NovusChaoMundi Lets play some dominoes :)

You are correct or at least the probability odds are that for you to be correct

[GypsyHustled]

Do you predict the Canadian economy will surpass the USA after the collapse? Thanks

[endlessmountain]

@GypsyHustled It might, but that might only because USA is in serious trouble. Canada is not in that great of shape even though we are said to have the top banking system.

There really is not a spot on earth that will not be affected by this.

[wsarris424]

@endlessmountain If we see thousands, possibly millions of refugees fleeing into Canada, how would that impact the Canadian economy?

[RenegadeTimes]

@endlessmountain Absoutely correct.

No nation will be immune to the chain reaction of destruction.

[gsjodin]

@endlessmountain It will surpass the US only because it will not retract as rapidly. So when we say surpass it will not be due to growth but due to less retraction. Surpass implies moving forward so may not be the best satement.