I'd like to support your theory but it seems that we're going to watch both inflation and deflation. Inflation in metal prices and oil prices and deflation in prices of the service industry.
I base my understanding in the quantitative theory of money and the laws of supply and demand by Keynes.
The results are the same as in every pessimistic view of economics but what scares me the most is that U.S. policy is doing nothing but to push war on oil rich countries that may retaliate.
Interesting stuff. About the dollar, I think as china is rolling out record trade surpluses, the US requires deflation in order to put it's labor market back on a more level field. But it's clear to me that the Fed will not allow this to happen and is hoping it can put pressure on china to inflate to our level instead of have us deflate. Sounds a bit strange but I think stocks may fall when the bond market falls on prospects of rising rates. The treasuries down, stocks up correlation looks over
Prechter has preached that we are facing a deflationary depression - so you don't seem to have bought into what his thinking if you are still worried about inflation. The dollar is getting stronger - deflation model is hardly broken.
Harry Dent is now predicting a deflationary stock market crash in the next few months. Also, there is 2 Trillion dollars less in the system than just a few years ago - the velocity of money is retracting. Housing was the first sector to feel the pinch of deflation. Look around everywhere else, businesses are not able to increase prices, because people just won't buy. The only sector that has experienced inflation is food, cause they got us by the balls. Anyway, take a look at Dent's new videos.
Harry Dent wrote the book "The Roaring 2000s". I read it back in the beginning of the decade, and I wasn't impressed. I'm glad I didn't take his advice because instead of the Roaring 2000s it was a crappy decade. Combine that from this advice coming from VisionVictory, a scam artist trained by George4Title. Inflation.us is a big scam. Don't buy any shares in the stocks that they promote. It is a pump and dump scheme.
Dents courses basically say we have 85 million baby boomers and 105 echo boomers. The echo boomers peak is age 20 so they are all broke right now but we are one of these few countries that have so many of our population in there 30's in the 20's and 30''s... so USA and most countries with a baby boom will go through shitty times all the way until the early 20's... after that many other countries will still be in the crapper but the USA will have a young robust work force through the 20's & 30's
The GDP of the United States & The European Union is around 32 Trillion These two Unions are really viewed as one alliance. China's GDP is about 4 Trillion. When the U.S. & the European Union stops buying, that will bring down all countries that also buy from China. So China is in a Catch 22 situation, they are dammed if they do & Dammed if they don't.
3of3:I dont see how they can keep blowing the bubble. You gold bugs preach that the bubble will burst (IRONIC), but than make an argument for inflation.. Come on guys, we have been having freaking inflation for 100 years. They have been printing for 100 years. Something has changed, and that something is the end of the credit. The bubble will contract regardless of what the government does. People will not borrow, banks will not lend. This is deflation. But keep watching the pot boys!!!
@dannydarias1 Damn was I spot on. 4 months later, this looks like an excellent call. Dollar is up huge against the Euro. Keep watching the pot boys. I need more of these dollar bearish videos. Keep them coming!
2of3:Were you watching cartoons while the dollar was collapsing the last 10 years? Instead of focusing on the dollar pot, why not look at the credit component. I think you will get a sense of the magnitude of the credit bubble when you go and look at the derivatives bubble. If you think the government is printing faster than the credit is contracting. Look at M3, M Prime, consumer credit, and corporate credit. Look at how much wealth/credit the housing collapse erased.
Charts? What charts are you talking about? Which deflationist looks at charts. We look at REALITY buddy!
Perception is your own view. Is your perception that the EUR is better than the USD? How about JPY? RMB? GBP? Are you serious? You have NO idea where those are going, just like Schiff at the end of 2008. As you are fully aware, he was calling for a USD collapse and what did we get? The opposite.
harry dent and bobby prechter have been bearish for 20 years.Theres been a lot of money made on the upside in that period.They are like a broken clock, its right twice a day.They just keep saying everything is going down.They have to be right now and then.Basically they are huge bullshit artists making dummis like you belive them.
we will see a hike in the cost of goods per ounce before we see a hike in overall price because its more hidden to reduce the amount of goods served rather than raise the cost of the same amount of goods.
an example of this would be to reduce the amount of cereal in the box first and then raise prices later because most consumers look at total price, not ppo
I don't know how inflation models calculate the cost of consumer goods, but I know im already seeing smaller portions at the store.
True! portions are getting smaller, net wt. in bags of chips, etc. is getting smaller for the same price, so on. The next wave will be price increases.
And even if bank reserves have held the money creation in check to a degree, a lot of new money has been given to the financial sector, which has put a lot of that into the stock market for a quick buck and a boost to their earnings, correct? So, how much of the market is the 1st wave of inflation, now making it's way into the economy?
You don't live in the US so unless you are in Argentina or Zimbabwe it's not as bad for you as here in the US. Only one thing causes inflation and that is too much money chasing too few goods. In order to have deflation the currency would need to go away. So ask yourself if your government is also creating currency faster than production. If the answer is yes then you will not see deflation, you will see more inflation. If the answer is no then tell me where you live so I can move there.
Currencies are "going away". Money currently being created by central banks is not being lent, is not circulating. There are huge debts with rising interest rates. Unemployment, mortage/loan/cc defaults rising. So who has all this money to inflate prices? Deflation is happening now in Japan, UK, Switzerland and other countries. It's just math. Move to Asia or Oceania. Even India or somewhere in Africa. Anywhere but the US or Europe.
The money is coming from the US FEDERAL RESERVE. By adding 0's to a piece of paper they're deflating the value of the dollar. Adding TRILLIONS of dollars to the system is starting to cause price increases. The more money you print out of thin air.... the less purchasing power you have. Start reading monetary history.... Germany, 1920's.
A better known fact is that the US Federal reserve is a privately owned buisness. Is no more federal that federal express. It is a cartel of Euorpeon bankers, Rothchilds.
If you think VV has an "agenda" what do you think about the corporate shills in the mainline press who are generally saying the opposite? If you think deflation is coming you are in disagreement with most successful real investors like Jim Rogers (as opposed to talking head economists), but hey, maybe you are right. If you really belive youself, go ahead and leverage your long dollar position and you'll be rich and retired soon : )
I'm in Asia so I'm into the Yen. It will do better than the USD anyway I believe. Also, the USD may not be in demand internationally. For me, holding it is an unnecessary risk.
If I was in the US I'd be holding USD and some junk silver and fractional ounce gold eagles, but mainly cash.
It will be possible to get rich buying real assets at deflated prices, if you have the skill.
WOW you're stupid If you really don't... live in the US your ecomony is affected anyway...you dolt. Go ahead and be ambivilant...like a sheep lead to slaughter...maybe you should have a party, drink some absinthe
Harry Schultz of the Harry Schultz Letter has predicted a bank holiday this August or September similar to the one FDR used during the Depression. That could kill the dollar.
VVC No one can predict upon speculation the worth of any commodity based on currencies in the world, there is no such thing as money! It is fake and so it the commodity market! Wake up, bartering is the only system that ever works for eveyone. Besides who really cares?
Nope, no hyperinflation. More like credit destruction. No depression either. Plenty of people at the mall. No breadlines. What other currency would take over. Please stop watching this crap and look at karl dennigers page.
If they told us openly, that the world's leaders were reaching "behind the scenes" agreements, as to our futures, and were working out the final stages of a 1 world govt, we might panic.
To make the one world govt, they have to create EQUALITY between all the peoples f the world. This comes by a bout of poverty, followed by general econimic growth.
One, happy world. If we fight it, it may become like "planet of the apes", with the police as the apes.
Rev. Lonnie, i wish you all my heart felt wishes to get back to health soon dear dear friend. I send you all my love and heart and wish you a speedy recovery.
Joblessness Continued to Rise In May In Nearly Every State
Signs that unemployment pains may be easing in individual US states in April disappeared by May, when jobless rates jumped in 48 states andthe District of Columbia, according to data released on Friday.
California, by the way came in at 11.5 percent. Of course, the real unemployment numbers are MUCH HIGHER>
According to the South Koreas Yonhap News Agency report, the South Korean diplomat in China witnessed the arrival of the North Korean official at the Beijing International Airport. The South Korean diplomat was at the airport taking care of Prime Minister Han Seung-soos return flight. He witnessed the North Korean officials entry through the VIP room and saw that he was escorted by five CCP vehicles heading toward Beijing.
Chinas assistance to North Korea has significantly increased in recent years. The CCP provided two billion U.S. dollars to North Korea just in 2005, and promised a total of 7.5 billion U.S. dollars to the regime between 2006 and 2010.
South Korean statistical data reveal that in 2008, Chinas overall volume of trade with North Korea reached an historical high of 73 percent of North Koreas total trade volume.
Not only is China controlling North Korea, they Own American Debt. SHAMEFUL.
I still don't understand the inflation argument. How are we going to have inflation if no one has any money? If the price of milk goes to $500 a gallon, no one will buy it and the price will be forced lower. Hyperinflation requires wages to rise to sustain prices. I'm pretty sure chaos is deflationary since no one will have a job. There's simply no way for prices to rise without dumping money out of helicopters--or government handouts. That's a possibility.
let me speak slowly for you. Go google the weimar republic, zimbabwe, and argentina. Then you'll know that inflation is creation of additional money in the money supply. That's why the dollar has been losing value hugely since 1971. Wages and prices go up because of inflation, they are not the creators of inflation. Increasing the money supply is inflation.
also note: taking out loans (using your credit) also increases the money supply, which increases inflation as bdc03 said... this all equals perpetual debt, perpetual inflation, perpetual slaves when money is loaned into an economy
According to an insider in the Chinese Nuclear Industry Department, all relevant nuclear techniques and technical trainings of the North Koreans have been provided and conducted by the CCP. In fact, the CCP controls all key raw materials, techniques, and personnel in North Koreas nuclear development. Some nuclear experiments were completed in the secret nuclear base in China.
this argument for inflation is strange. how can the USD collapse with Europe falling apart. i follow companies and many are rolling back wages. if people have less money to spend then less money competes for goods and deflation pressures continue. see what happens. all things point to deflation for the near term imho.
there is always some amount of inflation....but the major inflation won't kick in until we have the economy pick up....and that likely won't be for another 5 years....
Do you actually see any signs of deflation? Gasoline is up. Groceries are up. All commodities are up. Fed dollars are entering the economy through bank speculation in commodities. Even if you have a job, more and more of your income will go to pay for necessities. Goldman Sachs and the banksters are going to have one more try at the speculation game. This speculative boom will go bust as well, but not before completely devastating the American economy.
well that's great. I'm glad to hear that we are still on our way down..I was getting uneasy there for a second thinking it was all just a misunderstanding and the US was recovering! Thank God.
I see a lot of arguing between deflation/inflation. Personally I see both happening at the same time and if it does swing more one way, the end game is the same outcome: we're screwed. Energy and food through the roof. Housing through the floor. Wages stagnated and deflating, people will work for peanuts just to work. Things are just gonna go bonkers in all directions. Basically the old argument of which will happen is a moot point to me because it all means a collapsing economy.
hey J, i was watching a powerful movie, please consider dude, namely, "Flow, for the love of Water"; about the Water systems and the Multinationals that Privatize for greedy profit and power, and i heard this quote, i want to share, from, "The Multinational Companies date back 150 years, and they created by Bankers."
"These MNC's created by Bankers, are by no means Philanthropic organizations,so the progressive language of these Multinationals is truly scandalous.Because they say, "We are the ones who will end Poverty, with regards to access of water,But how could Vivendi Shareholders wait 10 to 15 years....to bring Water to the people who cant afford it? They are not interested in that at all!"
The Bankers controlling the 3 Largest Water Companies in the World.I take my hat off to Olseabee about the Banks.
there will be no dollar collapse. there will be a dollar crisis and the government will provide the already planned solution. the world currency will be introduced. this is why the fed will be given more power to do whatever it wants.
I don't think the new world currency will maintain today's USD buying power 1>1, there is too much debt in the system being pumped in right now (money creation is debt creation) so what you are saying is essentially equalling a dollar collapse, you will only get so much new currency for that USD that you "hand in", there is absolutely no way you will retain your buying power if a new currency is introduced, that is a currency collapse
thanks for pointing this key point 'stable currency' out. in the 30's people wanted to hoard cash and the fed can't print money. This time around people will shed the dollar and fed will print.
I like to clear things up by using the most simple and the extremes, the first one with the new $ is the thief, the last one the biggest victim. If the new $ can be disbursed to the favored. Then, before prices are pushed up, a new currency is introduced, the thief will have maximum purchasing power along with the lowest possible price on real goods, businesses, etc.
Treasury to Auction $104 Billion In Debt Next Week, a Record
The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world's largest economy.
Treasury Seal
woodleywonderworks
Treasury Seal
The sales will exceed the previous record of $101 B set in auctions that took place in the last week of April and consist of two-year, five-year and seven-year securities.
Moody's Investors Service on Thursday downgraded the ratings of five Polish banks, citing its view that "deterioration in the Polish operating environment is putting pressure on the banks' standalone creditworthiness," as measured by their bank financial strength ratings.
Two points regarding this post. First, European banks are heavily tied into the baltics, central and eastern Europe. This is in effect one of many dominoes that will begin falling.
The second point is that the house just passed a 108 billion dollar war spending bill. Tucked within it is an 8 billion dollar down payment to the IMF. When they get another opportunity the send another 92 billion.
The money will undoubtedly be used to bail out the Europeans. Yes, THE EUROPEAN BANKS WILL GET US MONEY LAUNDERED THROUGH THE IMF.
The last time I checked, it seemed like America needs to really take care of itself. So, remember this on our coming Bastille day. LOL
Thanks Daniel. Thanks for the videos and thanks for the recommendation on HS Dent. I'm reading up on his material now, and I'll definitely check out Robert Pretcher as well. You're doing an awesome service!!!
Hey VisionVictory... If you want to see a darn good example of infiltration and NWO psy-ops keep your eye on Iran and don't believe all of what the NWO owned media say in USA. Lots of chemtrails lately and stange weather for June in the East. Keep your eye on the prize.
It has been a little strange, no days over 90, hardly any over 80, very mild and cool. By now we usually have 3-4 days over 80/85 per week. Then again we got 2 heat waves in April which was also unusual
23 days in Seattle without rain. Now that is strange.
That is why I always hated stock trading and BS. There is no true investing anymore. It is all gambling, hopefully the bankers will deal cards in your favor. They told everyone to invest in 401k and they saw that as a good place to liquidate the tides of money from into elsewhere. Just like they sold soc. security. My dad always told me if you see a line of people all doing the same thing look for something better because someone will profit from exploit. More profitable to screw large groups
you got it man, spend money into circulation... only a fool would loan money into circulation, the money to pay the interest on the loan is never created, hence exponential debt as finality, always, as well as boom/busts dependant on loan acquisition.. loaning money into circulation is immoral concept... (loans themselves are not)
In addition to the food and materials, North Koreas nuclear and missile technologies and raw materials are mostly imported from the CCP. Each year, the CCP supplies North Korea 70 percent of the fuel for their missile launches.
These are the economics the london merchants and freemasons don't teach u
supply and demand my foot
The economies are totally manipulated with bank credit because WE DO NOT HAVE MONEY all we have is credit
The old people who got 12% interest off their children's backs basically complain, "I don't know about you young people and these credit cards these days"
they don't know what's going on, they were happy because they had easy money for SO long
Agreed. In 1982 we had to moveout of State due to a job loss. We lost our 7% mortgage - common at the time and were faced with 21% mortgages. We were "lucky" and got an 18% fixed rate mortgage. We had no idea of how this would devastate us financially. meanwhile, my inlaws were thrilled at all the money they were making on IRA interest.
Today, 2009, only people with perfect credit will get a mortgage. The rest of us need not apply.
Olseabee, i just learned today from the powerful movie, "Flow, for the Love of Water", which i recommend to you friend. It pointed out something powerful about how the Bankers back 150 years ago created the 3 Largest Water Multinationals in the World, namely Suez, Vivendi and Thames.
I have always agreed with you and will always agree with your contentions about these evil banks, and now i have learned that they Own are bloody WATER supply!!!??? My God.
i wonder about inflation because the law of supply and demand dictates prices. If demand for US goods decreases, so will prices. Prices go down, not up. Gold and Silver Prices will probably go down also because there will be a drop in demand from jewelers. I predict that the US will have a 'lost decade' like Japan with really not much going on.
Whats wrong with that? Nothing going on is great. No wars, no famines, no searches for the next great secret of science. Just living life and fixing all our social problems would be a good way to spend the time.
I don't have a problem with that either. Infact, I'd be living in the moutains already if people would accept it as normal instead of calling us crazy.
John Williams doesn't agree with you Astrocreep but then again you are so much more than an economist sought after by fortune 500 companies. You Denninger and Mr Fed have some remarkable insight that Eric Janszen, jim Rogers, Thorsten Polleit, Michael Hudson, Henry C K Liu and many more apparently don't have.
Maybe you should stop watching youtube videos and read TGIII's respected economist Henry C K Liu. Is he a deflationist? Oh where is TGSIII when you need him???
This comment has received too many negative votesshow
Well, I paid John Williams 68 bucks for a 6 month subscription to shadow stats...my subscription runs out next week. I would not consider Mr. Williams a very credible economist.
His actual unemployment numbers are accurate, but the rest is a bunch of 'hyperinflation' is right around the corner hogwash. And by the way, I still watch Jim Rogers and Marc Faber interviews now and again
I have thoroughly researched both sided of this argument, so please grow the fu<k up mr1fed.
Why don't you go back through your own posts, consider how you speak to people on this channel, look yourself in the mirror and then consider who really needs to grow up?
In addition, is that all you've got for a response?! This is it from the GREAT economist Astrocreep69??
If someone offers an opposing viewpoint and all you can do is make futile attempts to discredit them, I pity you.
Do I owe you an apology for telling everyone to Think For Themselves and look at both sides of the story and do THEIR OWN RESEARCH?
Never once was I trying to be disrespectful. The only way to make you goldbugs and 'hyperinflation' spoof think critically is to be BLUNT... sorry if you're offended.
Quit trolling for an opportunity to talk down someone you disagree with.
"The only way to make you goldbugs and 'hyperinflation' spoof think critically is to be BLUNT"
Again, consider how you speak to people. You claim you have an economics degree and yet you do nothing but paraphrase Crashof2008. You have your demagogues like Mr Fed and Denninger but ignore Henry C K Liu as I knew you would. TGSIII respects the man's opinion but to you he's 'hyperinflation' spoof and so is Michael Hudson.
The people I mention have economic degrees or doctorates and are not 26.
Denninger actually thinks we are headed into a deflationary period. Summers and bernanke have "economic degrees"? Those guys also said we were not in a credit bubble, either.
"If someone offers an opposing viewpoint and all you can do is make futile attempts to discredit them, I pity you."
You don't offer an opposing viewpoint, you stand behind Mr Fed and Denninger. I held up several real established economists with proven track records who whole heartedly disagree with these two.
The US and Federal reserve have seen to it that the rest of the world cannot afford to have the US dollar as reserve currency. How exactly are other countries supposed to finance trillion dollar trade and budget deficits for years to come?
The dollar is very much dying and soon to be dead.
Yawn...yes I do agree with Denninger and Mr. Fed for the most part. More so Denninger, because Mr. Fed is fairly anti Libertarian. What time frame do you give before it's conclusive that inflation or deflation has the upper hand? Or stagflation?
I would say deflation will be clearly evident by September 2010.
In your September 2010 deflation, what is happening with the value of the dollar? Is it gaining value? If it is, against what? Other failing currencies? Are you suggesting it will be gaining value against commodities?
How are you defining 'deflation'? Is it decrease in money and credit? Is it price declines?
Deflation: rising unemployment, falling wadges, highly restricted credit flow, commodity prices falling (primarily gold and crude), further deterioration in the housing market...etc etc.
The Government does not give us M3 any longer, and I think the ShadowStats numbers are skewed to the high side (so he does not look foolish when hyperinflation is DOA)
Can we use the dollar index? Could compare the USD to the Yen, RMB, Frank, Euro...It does not matter. The dollar is tops in the bunch.
Actually, gold is 'tops in the bunch'. $250 in 2001 and roughly $950 now.
You severally overestimate the value of the dollar. It has no real value. What backs it, the taxpayer?
Rising unemployment, falling wages, lower tax revenue, higher deficit, lower interest in treasuries, more monetization, even less interest in treasuries...
I hear what you saying, but I simply disagree. What I was saying before... one of use will be more accurate than the other in 12-15 months right now.
You think you can tread on what I say because the DX is around 80 and has fluctuated... It's like clockwork, the dollar slips a bit and here comes the band playing Hyperinflation is right around the corner!
I take a shot at you being Canadian and wishing for our demise and take shots, but I won't... because it proves nothing. Deflation is king.
I absolutely do not wish for your demise. We are joined at the hip. Who do you think buys our resources? 80% to the US. You go down, we go down. We have directly benefited from the US having the reserve status.
Who is going to buy US debt? A massive amount is already out there. Your credit card, mortgage, state, federal and entitlement program obligations are at 400% of gdp. Already no one WANTS US debt. The world wants out, not in.
"You think you can tread on what I say because the DX is around 80 and has fluctuated... It's like clockwork, the dollar slips a bit and here comes the band playing Hyperinflation is right around the corner!"
I have been on Daniel's channel since the beginning and I have always said dollar collapse. I don't see any other possibility and your arguments don't cut it for me.
One other point, as a Canadian, the vast majority of the people I know in my country respect and appreciate Americans. I think that many of us our sad to see what has happened to your country and your constitution.
Your government is way out of control and has been for a very long time now.
A 'dollar collapse' will not happen. We could make dozens of posts on this subject, but we already know where each other stand. You arguments do not cut it for me either. We have been here for over a year.... In another year, one of use will have "I told ya so" bragging rights.
If your government cuts spending, balances the budget, stops fighting wars all over the world, invests in manufacturing instead of insolvent banks then you might be right.
For now, the Fed will monetize as taxing is not a realistic option and China, Japan, Russia etc are done buying. The dollar will be done within 5 years, perhaps within months.
BTW, it's not 1980 and the Fed raising interest rates won't happen. Apples and oranges but you should already realize this.
The prices are heading up noticably already. Every time I go grocery shopping, prices are up 10 - 50 cents on an item from week to week. Once a month I do a shopping trip and buy the same items. Month to month my bill used to be $42 -$47. This month the same items same store bill was $65.
Yup. completely agree. Some sector prices are increasing but others are falling precipitously. Many asset classes will continue to fall until the bad debt in the system is brought back to a sustainable level.
Stay away from companies that want to sell you retail priced gold-collectible coins...u WILL get ripped off. Simpy look for pre 1964 silver dimes and quarters.
To have hyperinflation don't you have to couple the massive money supply to wages or the like to make it's way in the real economy? If no one has the money or credit to pay the hyperinflation prices how can anyone buy at that inflated price therefore what happens to demand when that occurs?
Dollar is still the ONL world's currency the world trade can't live without. Deflation is very bad so If the Mode is broken, it's not bad. If few % points inflation will get us out of the mess, by God bring it on and we can handle it. We just can't have everything, can we? Inflate us out of hole. flow us out of here. Let's have it now and get it over.
Dollar is shaky. But the Euro is more shaky. The Russian money? EVen more so. Yen? It's the lost decade currency base on exporting. But the export is bad business now and the near future. RMB? Not even a free currency yet. China still a developing country. Canadian Australian money are not bad. But still they are not the world currency.
What if the economy doesn't collapse? Don't bank on it. I see things differently, we will probably have a poverty rate of 45-55%. Those people can just die off, or we can throw them in debt prisons/camps. We can make them work off their debts and produce of value for our great nation. If your smart and strong, you can join the ranks of the rich. You can raise yourself above the average brain dead person.
Besides the dollar, and euro what currency do you see with staying power where it would maintain its value. I have been buying silver and gold the last 10 years and have converted some to realestate but I am also looking for a currency hedge over seas. any thoughts?
coultrane, you are exactly right. I am doing the same, only I am waiting for a little more dip.
As for some other trick being under the gubment's sleeve, if they do, it's one nobody is aware of. Hard to believe the gubment that promised us 8% or less unemployment somehow knows something that economists don't that will save the day. Ain't gonna happen! The only thing I can see is some stringing out of the crisis to delay it longer than people think if other countries continue to lend, etc.
For an industry whose stock market value has doubled in the last three months, things are still looking far from rosy for the European banking sector, with authorities saying worse loan losses are still ahead as calls for a U.S.-style probe of balance sheets gather pace.
The ECB added to the debate on whether banks have sufficient capital Monday when it said the sector could face another $283B of losses from bad loans by the end of next year .
Gold and silver are a steal. I repeat, a steal. This does not mean that you couldn't see massive price swings to the downside. Given the manipulation of the markets this seems plausible. In fact I'd love to see 6 dollar silver. But I have no problem buying every month, regardless of the price.
look the system is not coming back, when i as a child the sun light was yellow, now it is white, they know that nature will turn on us, to keep your attention on the economy. Hey look over there?
Fighter jets have been doing flybys over my town for the past week. Boy if a nuke hit us soil everything would come to a stop. its the perfect excuse for the us going to hell. Healthcare and GA would come to a screaching halt. Millions would be dead in months...
Gas prices rise for 50 straight days and counting; crude falls again, trading below $70
Retail gas prices climbed for the 50th straight day Wednesday, the longest streak in records dating to 1996, even as benchmark crude fell for the fourth day in a row.
Free market economies is really code for price fixing cartels and collusion. See opec, Lobbyist, Central bankers, etc...
California is imposing a 90-day moratorium on housing foreclosures under a new law that took effect Monday.
The law is expected to make lenders try harder to keep borrowers in their homes. Lenders must prove they tried to modify the delinquent loans before they can begin foreclosing.
I call it FREE RENT>
This is why I am divested in the markets. They change the rules as they see fit.
Question: Charles Nenner was on CNBC this morning saying that, (1) He's getting out of gold, and (2) Gold stocks may be a good buy in 45-60 days (mining not ETF's) and that his charts show no safe haven (including commodities) for the next year. Are you familiar with Mr. Nenner and could you comment on this?
One thing is for sure, the next 10 years will be nothing like the last 10 years. I think we all agree that our standard of living is going to fall. Could be higher taxes or inflation (quantatitive easing, flooding the money supply and I guess our pay will not keep up with inflation, by that time we will be grateful to have a job, consider it another form of tax).
Fiat currency is not the way forward, need the dollar to be backed by gold, this will ensure a sensible fractional reserve ratio.
I think you are on the right track. I listen to the same influences as you do: Schiff, Paul, Rogers, etc. I'd never heard of the book you mentioned or the author but will check it out. I do think the answer lies somewhere in the middle. I hope that we do not see hyperinflation and I think it may be an extended period of strong inflation but not hyperinflation.
The leaders of Russia and China agreed to expand use of the ruble and yuan in bilateral trade to lessen dependence on the U.S. dollar a day after they took part in the first summit of the so-called BRIC countries.
A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists said.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.
Tim Geither is picking daisy petals while saying: She loves me, she loves me not.
1) Failed the Korean war. USA did not win. N. Korean stand still and not only that, they are succeeded produced Nukes.
2) FAiled Vietnam War, it's a embarrassment to the USA.
3) So Call Cold war, the US did not win. It's social change happened inside of Russia as well as in China because they realized their system were not working. So they opened up and reform.
You're partially correct. Thank you for acknowledging we played a role. The pope did as well. His efforts in the soviet union were partially funded by us. The pope even acknowledged this. Reagan was not perfect, but he did work to liberate eastern Europe. Gorbachev had no choice after he was conned into overspending on national defense and the afghanistan error. Chernobyl and others were much less relevant.
War save the Americans? Do you know it's very possible All the USA war machines likely becoming a pile of useless fancy metals? Only if someone disrupt the computers center control... Let's not forget the fact that All it took was 9 people with few cutter knives to make a 9/11.
WWII victory was not only because of the Americans participation. WWII victory was the combined Americans Russian's British Chinese participate and sacrifice. Ha speaking of brain wash of the commies, but of course most Americans are brain washed to think WWII is all because the Americans doing. You got Rush Limborgh white wash machine working in it's full force day in day out.
More wars? Prepare for the mother of all black hole on the earth. This time will sucks dry all Americans wealth, energy, blood, spirits, and live dry.
You're right. We need to reduce our foreign footprint. Bring our soldiers home as well as our factories. Our global presence is a black hole for us. You're right. Thanks.
For ex. EMP which is the first instance of a nuclear blast. But the problem is this. One country launches a nuke and it is over for everyone. I don't even want to live through that.
Harry S. Dent what a joke! This is the guy who in 1999 predicted the Dow would break 40,000 and the Nasdaq would hit 20,000 by the end of the year. How can anybody believe a huckster selling books like him who has been so utterly wrong in the past!!! When I saw his new book The Coming Depression in an airport book store I took great relief.
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity and both bring a permanent ruin. But both are the refuge of political and economic opportunists." - Earnest Hemingway
History repeats itself over & over & over. Empires & paper money come go. Emperors/elits try to grab power but civilizations collapse right along with the elites. Watch the Hubble Deep Space & the Pale Blue Dot for some perspective. "Earth is a very small stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot."
To talk about money creation and deflation you really need to collect some numbers on defaults. How much money has already been lost over the last 2 years? Mortgage defaults, stock losses, business closings, unemployment, etc. Consider the drops in tax revenues. That is a good indicator that we have DEFLATION.
throw it all out the window man, its the currency thats the problem. Its backed by perception, all of the info you just provided will show the world the truth about the U.S. economy.
Well, we can't just throw it all out the window any more than you can throw your mortgage debt out the window. YES- you are correct that the currency devaluation is vitally important to figuring out what is coming, but that is only part of the equation. Another part is the shrinkage of the money supply through default and interest costs. If we ignore them, or throw them out the window, we are driving a car with no side or rear vision.
And the perception is that people will continue to go deeper into slavery based economy in order to take on the governments promises to our foreign creditors. People are going to break down and that is where it will all start for better or worse. And if you don't work then fine they will just tax everyone else a little more. Breakdown of faith in the system is happening and its the workers faith before the creditors. Just my opinion of course.
rocket, i have limited knowledge but seems to me a loaf of bread price is not dependant on someones wages but the cost of ingridients. follow the chain of material to source to find price. is that right you econ wizzs ?
I'd like to support your theory but it seems that we're going to watch both inflation and deflation. Inflation in metal prices and oil prices and deflation in prices of the service industry.
I base my understanding in the quantitative theory of money and the laws of supply and demand by Keynes.
The results are the same as in every pessimistic view of economics but what scares me the most is that U.S. policy is doing nothing but to push war on oil rich countries that may retaliate.
Rebornrat 1 month ago
time will tell.....
Homocystine 8 months ago
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Помощь. Кредит 17%. М МО. Без справок и поручителей. Консалтинг 25%. Другие варианты. (495)2200660 2200660@mail.ru
tiblon1 1 year ago
Interesting stuff. About the dollar, I think as china is rolling out record trade surpluses, the US requires deflation in order to put it's labor market back on a more level field. But it's clear to me that the Fed will not allow this to happen and is hoping it can put pressure on china to inflate to our level instead of have us deflate. Sounds a bit strange but I think stocks may fall when the bond market falls on prospects of rising rates. The treasuries down, stocks up correlation looks over
neilcwright 1 year ago
Prechter has preached that we are facing a deflationary depression - so you don't seem to have bought into what his thinking if you are still worried about inflation. The dollar is getting stronger - deflation model is hardly broken.
getbo 1 year ago
Harry Dent is now predicting a deflationary stock market crash in the next few months. Also, there is 2 Trillion dollars less in the system than just a few years ago - the velocity of money is retracting. Housing was the first sector to feel the pinch of deflation. Look around everywhere else, businesses are not able to increase prices, because people just won't buy. The only sector that has experienced inflation is food, cause they got us by the balls. Anyway, take a look at Dent's new videos.
zeusvalentine 1 year ago
Harry Dent wrote the book "The Roaring 2000s". I read it back in the beginning of the decade, and I wasn't impressed. I'm glad I didn't take his advice because instead of the Roaring 2000s it was a crappy decade. Combine that from this advice coming from VisionVictory, a scam artist trained by George4Title. Inflation.us is a big scam. Don't buy any shares in the stocks that they promote. It is a pump and dump scheme.
austritarian 1 year ago
Dents courses basically say we have 85 million baby boomers and 105 echo boomers. The echo boomers peak is age 20 so they are all broke right now but we are one of these few countries that have so many of our population in there 30's in the 20's and 30''s... so USA and most countries with a baby boom will go through shitty times all the way until the early 20's... after that many other countries will still be in the crapper but the USA will have a young robust work force through the 20's & 30's
kylemacrodot 1 year ago
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The GDP of the United States & The European Union is around 32 Trillion These two Unions are really viewed as one alliance. China's GDP is about 4 Trillion. When the U.S. & the European Union stops buying, that will bring down all countries that also buy from China. So China is in a Catch 22 situation, they are dammed if they do & Dammed if they don't.
rocksiphone 1 year ago
3of3:I dont see how they can keep blowing the bubble. You gold bugs preach that the bubble will burst (IRONIC), but than make an argument for inflation.. Come on guys, we have been having freaking inflation for 100 years. They have been printing for 100 years. Something has changed, and that something is the end of the credit. The bubble will contract regardless of what the government does. People will not borrow, banks will not lend. This is deflation. But keep watching the pot boys!!!
dannydarias1 2 years ago
@dannydarias1 Damn was I spot on. 4 months later, this looks like an excellent call. Dollar is up huge against the Euro. Keep watching the pot boys. I need more of these dollar bearish videos. Keep them coming!
dannydarias1 1 year ago
2of3:Were you watching cartoons while the dollar was collapsing the last 10 years? Instead of focusing on the dollar pot, why not look at the credit component. I think you will get a sense of the magnitude of the credit bubble when you go and look at the derivatives bubble. If you think the government is printing faster than the credit is contracting. Look at M3, M Prime, consumer credit, and corporate credit. Look at how much wealth/credit the housing collapse erased.
dannydarias1 2 years ago
3 Posts for me: 1 of 3:
Charts? What charts are you talking about? Which deflationist looks at charts. We look at REALITY buddy!
Perception is your own view. Is your perception that the EUR is better than the USD? How about JPY? RMB? GBP? Are you serious? You have NO idea where those are going, just like Schiff at the end of 2008. As you are fully aware, he was calling for a USD collapse and what did we get? The opposite.
dannydarias1 2 years ago
The dollar was not tied to gold it was prohibited from gold and gold was stolen by the fascist feds and their master pig FDR.
deltapunk21 2 years ago
harry dent and bobby prechter have been bearish for 20 years.Theres been a lot of money made on the upside in that period.They are like a broken clock, its right twice a day.They just keep saying everything is going down.They have to be right now and then.Basically they are huge bullshit artists making dummis like you belive them.
ridgy1200 2 years ago
what's the name of the second guy Harry .. 0:12?
breadeaterfrompl 2 years ago
Harry S. Dent
Jaycephus01 2 years ago
thanks :)
breadeaterfrompl 2 years ago
Comment removed
breadeaterfrompl 2 years ago
Ok then how do you explain the collapse in commodity prices with the first wave down in asset liquidation?
When credit collapses, the folks on margin will be forced to liquidate.......... which comprises everyone from home owners to speculators.
Nuanceqwest 2 years ago
we will see a hike in the cost of goods per ounce before we see a hike in overall price because its more hidden to reduce the amount of goods served rather than raise the cost of the same amount of goods.
an example of this would be to reduce the amount of cereal in the box first and then raise prices later because most consumers look at total price, not ppo
I don't know how inflation models calculate the cost of consumer goods, but I know im already seeing smaller portions at the store.
owenander 2 years ago
True! portions are getting smaller, net wt. in bags of chips, etc. is getting smaller for the same price, so on. The next wave will be price increases.
And even if bank reserves have held the money creation in check to a degree, a lot of new money has been given to the financial sector, which has put a lot of that into the stock market for a quick buck and a boost to their earnings, correct? So, how much of the market is the 1st wave of inflation, now making it's way into the economy?
Jaycephus01 2 years ago
mr1 + astro= its too late, i see prices rising each day i shop. evidence of inflation,
check google trends inflation usd
1mealperday 2 years ago
I don't trust this guy.
He has an agenda, I'm sure.
Worldwide deflation is coming.
The US and it's dollar?
I don't care. I don't live there. Sick of worrying about that country.
cadfael55 2 years ago
You don't live in the US so unless you are in Argentina or Zimbabwe it's not as bad for you as here in the US. Only one thing causes inflation and that is too much money chasing too few goods. In order to have deflation the currency would need to go away. So ask yourself if your government is also creating currency faster than production. If the answer is yes then you will not see deflation, you will see more inflation. If the answer is no then tell me where you live so I can move there.
spikeslawson 2 years ago
Currencies are "going away". Money currently being created by central banks is not being lent, is not circulating. There are huge debts with rising interest rates. Unemployment, mortage/loan/cc defaults rising. So who has all this money to inflate prices? Deflation is happening now in Japan, UK, Switzerland and other countries. It's just math. Move to Asia or Oceania. Even India or somewhere in Africa. Anywhere but the US or Europe.
cadfael55 2 years ago
The money is coming from the US FEDERAL RESERVE. By adding 0's to a piece of paper they're deflating the value of the dollar. Adding TRILLIONS of dollars to the system is starting to cause price increases. The more money you print out of thin air.... the less purchasing power you have. Start reading monetary history.... Germany, 1920's.
BudnCandi 2 years ago
A better known fact is that the US Federal reserve is a privately owned buisness. Is no more federal that federal express. It is a cartel of Euorpeon bankers, Rothchilds.
ReprogramurMind 2 years ago
Hi cadfael55,
If you think VV has an "agenda" what do you think about the corporate shills in the mainline press who are generally saying the opposite? If you think deflation is coming you are in disagreement with most successful real investors like Jim Rogers (as opposed to talking head economists), but hey, maybe you are right. If you really belive youself, go ahead and leverage your long dollar position and you'll be rich and retired soon : )
lorax2013 2 years ago
I'm in Asia so I'm into the Yen. It will do better than the USD anyway I believe. Also, the USD may not be in demand internationally. For me, holding it is an unnecessary risk.
If I was in the US I'd be holding USD and some junk silver and fractional ounce gold eagles, but mainly cash.
It will be possible to get rich buying real assets at deflated prices, if you have the skill.
Your videos are quite interesting BTW
cadfael55 2 years ago
I also live in Japan. But I am returning home to the USA this fall.Not sure if I will stay there since everything is falling apart.
doranda777 2 years ago
WOW you're stupid If you really don't... live in the US your ecomony is affected anyway...you dolt. Go ahead and be ambivilant...like a sheep lead to slaughter...maybe you should have a party, drink some absinthe
robinsurfs 2 years ago
Harry Schultz of the Harry Schultz Letter has predicted a bank holiday this August or September similar to the one FDR used during the Depression. That could kill the dollar.
You can get more info on this at infowars.
familybc146 2 years ago
VVC No one can predict upon speculation the worth of any commodity based on currencies in the world, there is no such thing as money! It is fake and so it the commodity market! Wake up, bartering is the only system that ever works for eveyone. Besides who really cares?
noonesaz 2 years ago
What's also very interesting is the current monetary model is based on the absolute need to grow the money supply.
Add the coming problems with health care = disaster waiting to happen.
at1212b 2 years ago 5
Nope, no hyperinflation. More like credit destruction. No depression either. Plenty of people at the mall. No breadlines. What other currency would take over. Please stop watching this crap and look at karl dennigers page.
ohio1998 2 years ago
you have a lot to learn
tmac9938 2 years ago
If they told us openly, that the world's leaders were reaching "behind the scenes" agreements, as to our futures, and were working out the final stages of a 1 world govt, we might panic.
To make the one world govt, they have to create EQUALITY between all the peoples f the world. This comes by a bout of poverty, followed by general econimic growth.
One, happy world. If we fight it, it may become like "planet of the apes", with the police as the apes.
GardenGnomesUK 2 years ago
Soryy I hveN't wrote in awhile. I had a stroke. I like t o write and support you & MOt.
revlonnie
rlmccullough 2 years ago
Get well soon!
coultrane 2 years ago
Rev, I hope you feel better, I'm praying for :)
visionvictory 2 years ago
Rev. Lonnie, i wish you all my heart felt wishes to get back to health soon dear dear friend. I send you all my love and heart and wish you a speedy recovery.
God Bless you Reverend :)
Love and Blessings
mitch
mitchee009 2 years ago
Joblessness Continued to Rise In May In Nearly Every State
Signs that unemployment pains may be easing in individual US states in April disappeared by May, when jobless rates jumped in 48 states andthe District of Columbia, according to data released on Friday.
California, by the way came in at 11.5 percent. Of course, the real unemployment numbers are MUCH HIGHER>
coultrane 2 years ago
According to the South Koreas Yonhap News Agency report, the South Korean diplomat in China witnessed the arrival of the North Korean official at the Beijing International Airport. The South Korean diplomat was at the airport taking care of Prime Minister Han Seung-soos return flight. He witnessed the North Korean officials entry through the VIP room and saw that he was escorted by five CCP vehicles heading toward Beijing.
Birds of a Feather stick EVILY together.
mitchee009 2 years ago
Chinas assistance to North Korea has significantly increased in recent years. The CCP provided two billion U.S. dollars to North Korea just in 2005, and promised a total of 7.5 billion U.S. dollars to the regime between 2006 and 2010.
South Korean statistical data reveal that in 2008, Chinas overall volume of trade with North Korea reached an historical high of 73 percent of North Koreas total trade volume.
Not only is China controlling North Korea, they Own American Debt. SHAMEFUL.
mitchee009 2 years ago
I still don't understand the inflation argument. How are we going to have inflation if no one has any money? If the price of milk goes to $500 a gallon, no one will buy it and the price will be forced lower. Hyperinflation requires wages to rise to sustain prices. I'm pretty sure chaos is deflationary since no one will have a job. There's simply no way for prices to rise without dumping money out of helicopters--or government handouts. That's a possibility.
davidki0 2 years ago
let me speak slowly for you. Go google the weimar republic, zimbabwe, and argentina. Then you'll know that inflation is creation of additional money in the money supply. That's why the dollar has been losing value hugely since 1971. Wages and prices go up because of inflation, they are not the creators of inflation. Increasing the money supply is inflation.
bdc03 2 years ago
also note: taking out loans (using your credit) also increases the money supply, which increases inflation as bdc03 said... this all equals perpetual debt, perpetual inflation, perpetual slaves when money is loaned into an economy
nextdimensions 2 years ago 2
According to an insider in the Chinese Nuclear Industry Department, all relevant nuclear techniques and technical trainings of the North Koreans have been provided and conducted by the CCP. In fact, the CCP controls all key raw materials, techniques, and personnel in North Koreas nuclear development. Some nuclear experiments were completed in the secret nuclear base in China.
FREAKING TERRIFYING!!!
mitchee009 2 years ago
got you the PM you sent me, thx
visionvictory 2 years ago
this argument for inflation is strange. how can the USD collapse with Europe falling apart. i follow companies and many are rolling back wages. if people have less money to spend then less money competes for goods and deflation pressures continue. see what happens. all things point to deflation for the near term imho.
maximumvalues 2 years ago
there is always some amount of inflation....but the major inflation won't kick in until we have the economy pick up....and that likely won't be for another 5 years....
clev9980 2 years ago
Do you actually see any signs of deflation? Gasoline is up. Groceries are up. All commodities are up. Fed dollars are entering the economy through bank speculation in commodities. Even if you have a job, more and more of your income will go to pay for necessities. Goldman Sachs and the banksters are going to have one more try at the speculation game. This speculative boom will go bust as well, but not before completely devastating the American economy.
mandatum1979 2 years ago 2
well that's great. I'm glad to hear that we are still on our way down..I was getting uneasy there for a second thinking it was all just a misunderstanding and the US was recovering! Thank God.
mijadedios 2 years ago 2
LMAO
scienceofgod 2 years ago
When did Prechter turn to an inflation predictor. He has predicted deflation for over 20 years.
umenyora 2 years ago
I see a lot of arguing between deflation/inflation. Personally I see both happening at the same time and if it does swing more one way, the end game is the same outcome: we're screwed. Energy and food through the roof. Housing through the floor. Wages stagnated and deflating, people will work for peanuts just to work. Things are just gonna go bonkers in all directions. Basically the old argument of which will happen is a moot point to me because it all means a collapsing economy.
nextdimensions 2 years ago 3
My thoughts exactly.
BendoverBernanke 2 years ago 2
hey J, i was watching a powerful movie, please consider dude, namely, "Flow, for the love of Water"; about the Water systems and the Multinationals that Privatize for greedy profit and power, and i heard this quote, i want to share, from, "The Multinational Companies date back 150 years, and they created by Bankers."
mitchee009 2 years ago
"These MNC's created by Bankers, are by no means Philanthropic organizations,so the progressive language of these Multinationals is truly scandalous.Because they say, "We are the ones who will end Poverty, with regards to access of water,But how could Vivendi Shareholders wait 10 to 15 years....to bring Water to the people who cant afford it? They are not interested in that at all!"
The Bankers controlling the 3 Largest Water Companies in the World.I take my hat off to Olseabee about the Banks.
mitchee009 2 years ago
Mine too.
mitchee009 2 years ago
there will be no dollar collapse. there will be a dollar crisis and the government will provide the already planned solution. the world currency will be introduced. this is why the fed will be given more power to do whatever it wants.
1samothrace77 2 years ago
I don't think the new world currency will maintain today's USD buying power 1>1, there is too much debt in the system being pumped in right now (money creation is debt creation) so what you are saying is essentially equalling a dollar collapse, you will only get so much new currency for that USD that you "hand in", there is absolutely no way you will retain your buying power if a new currency is introduced, that is a currency collapse
nextdimensions 2 years ago 3
to the point dude. to the marrow. I concur with BendoverBernanke contending that your comment bro, was totally true.
be well Next.
mitchee009 2 years ago
thanks for pointing this key point 'stable currency' out. in the 30's people wanted to hoard cash and the fed can't print money. This time around people will shed the dollar and fed will print.
tztthinkagain 2 years ago
what are people's thoughts on peak oil ? - if the theory has any credibilty then it's the elephant in the room, a civilization changer ..
florgat91 2 years ago
I like to clear things up by using the most simple and the extremes, the first one with the new $ is the thief, the last one the biggest victim. If the new $ can be disbursed to the favored. Then, before prices are pushed up, a new currency is introduced, the thief will have maximum purchasing power along with the lowest possible price on real goods, businesses, etc.
davemrkr 2 years ago
Treasury to Auction $104 Billion In Debt Next Week, a Record
The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world's largest economy.
Treasury Seal
woodleywonderworks
Treasury Seal
The sales will exceed the previous record of $101 B set in auctions that took place in the last week of April and consist of two-year, five-year and seven-year securities.
coultrane 2 years ago
Moody's Investors Service on Thursday downgraded the ratings of five Polish banks, citing its view that "deterioration in the Polish operating environment is putting pressure on the banks' standalone creditworthiness," as measured by their bank financial strength ratings.
Two points regarding this post. First, European banks are heavily tied into the baltics, central and eastern Europe. This is in effect one of many dominoes that will begin falling.
coultrane 2 years ago
The second point is that the house just passed a 108 billion dollar war spending bill. Tucked within it is an 8 billion dollar down payment to the IMF. When they get another opportunity the send another 92 billion.
The money will undoubtedly be used to bail out the Europeans. Yes, THE EUROPEAN BANKS WILL GET US MONEY LAUNDERED THROUGH THE IMF.
The last time I checked, it seemed like America needs to really take care of itself. So, remember this on our coming Bastille day. LOL
coultrane 2 years ago 2
how high do mortgage and credit card rates have to go to trigger the collapse...???
zx900steve 2 years ago
Daniel, do you think that the next leg down for stocks will affect emerging markets as well, or will we see more of a decoupling?
rockstar728 2 years ago
everyone
visionvictory 2 years ago
Thanks Daniel. Thanks for the videos and thanks for the recommendation on HS Dent. I'm reading up on his material now, and I'll definitely check out Robert Pretcher as well. You're doing an awesome service!!!
rockstar728 2 years ago
Do the Patriotic thing! Close your bank accounts. Get your cash now before they steal it all.
ghosty426 2 years ago
Hey VisionVictory... If you want to see a darn good example of infiltration and NWO psy-ops keep your eye on Iran and don't believe all of what the NWO owned media say in USA. Lots of chemtrails lately and stange weather for June in the East. Keep your eye on the prize.
ghosty426 2 years ago
It has been a little strange, no days over 90, hardly any over 80, very mild and cool. By now we usually have 3-4 days over 80/85 per week. Then again we got 2 heat waves in April which was also unusual
23 days in Seattle without rain. Now that is strange.
Trazom24 2 years ago
Yup its been the nicest damn May/June I can remember. NOt crazy hot just perfect.
SamuraiCommando 2 years ago
I saw that, but what was funny was that it rained a little in downtown Seattle on Thursday. Unless it was my imagination the ground was wet.
choli0090 2 years ago
THIS IS WHAT HAPPENS WHEN YOU LET BANKS CONTROL YOUR MONEY
We do not have free market anything
We should be borrowing other Americans deposits and they should be getting interest on their deposits
the treasury can tax us
screw the irs and the fed
US govt can spend money into circulation that does not need to be repaid
SO the American public will own the money supply
That is freedom
olseabee 2 years ago
That is why I always hated stock trading and BS. There is no true investing anymore. It is all gambling, hopefully the bankers will deal cards in your favor. They told everyone to invest in 401k and they saw that as a good place to liquidate the tides of money from into elsewhere. Just like they sold soc. security. My dad always told me if you see a line of people all doing the same thing look for something better because someone will profit from exploit. More profitable to screw large groups
SamuraiCommando 2 years ago 2
you got it man, spend money into circulation... only a fool would loan money into circulation, the money to pay the interest on the loan is never created, hence exponential debt as finality, always, as well as boom/busts dependant on loan acquisition.. loaning money into circulation is immoral concept... (loans themselves are not)
nextdimensions 2 years ago 2
In addition to the food and materials, North Koreas nuclear and missile technologies and raw materials are mostly imported from the CCP. Each year, the CCP supplies North Korea 70 percent of the fuel for their missile launches.
mitchee009 2 years ago
They ALSO extend credit to speculators first and then consumers or they just extend credit to consumers and NO speculators i.e
Mortgages for primary residence only etc..
Mortgages only for the best credit
mortgages unlimited for everybody
The whole thing is manipulated
wages prices population movements wars
olseabee 2 years ago
Modern economics version of supply and demand
Demand is driven by credit
Supply is driven by credit
cut off credit cut off supply and demand,
supply or demand
i.e
loosen consumer credit and or tighten business credit, prices go up
tighten consumer credit and or loosen business credit, prices go down
olseabee 2 years ago 2
These are the economics the london merchants and freemasons don't teach u
supply and demand my foot
The economies are totally manipulated with bank credit because WE DO NOT HAVE MONEY all we have is credit
The old people who got 12% interest off their children's backs basically complain, "I don't know about you young people and these credit cards these days"
they don't know what's going on, they were happy because they had easy money for SO long
olseabee 2 years ago 2
Commodity prices are controlled by credit also
demand can be created through extending credit to "speculators"
Lack of demand by cutting off credit
YOU KNOW they target lines of credit
Speculators can be created
Set up the conditions to transfer one groups debts to another group for profit
This whole credit based economy is manipulated so the American people should demand function
Why would we want to imp[overish our own and let in foreigners?
olseabee 2 years ago 3
So true. good post.
SamuraiCommando 2 years ago
Agreed. In 1982 we had to moveout of State due to a job loss. We lost our 7% mortgage - common at the time and were faced with 21% mortgages. We were "lucky" and got an 18% fixed rate mortgage. We had no idea of how this would devastate us financially. meanwhile, my inlaws were thrilled at all the money they were making on IRA interest.
Today, 2009, only people with perfect credit will get a mortgage. The rest of us need not apply.
macpduff 2 years ago 2
Olseabee, i just learned today from the powerful movie, "Flow, for the Love of Water", which i recommend to you friend. It pointed out something powerful about how the Bankers back 150 years ago created the 3 Largest Water Multinationals in the World, namely Suez, Vivendi and Thames.
I have always agreed with you and will always agree with your contentions about these evil banks, and now i have learned that they Own are bloody WATER supply!!!??? My God.
be well my friend.
mitch
mitchee009 2 years ago 2
i wonder about inflation because the law of supply and demand dictates prices. If demand for US goods decreases, so will prices. Prices go down, not up. Gold and Silver Prices will probably go down also because there will be a drop in demand from jewelers. I predict that the US will have a 'lost decade' like Japan with really not much going on.
projectdurden 2 years ago
Whats wrong with that? Nothing going on is great. No wars, no famines, no searches for the next great secret of science. Just living life and fixing all our social problems would be a good way to spend the time.
SamuraiCommando 2 years ago
I don't have a problem with that either. Infact, I'd be living in the moutains already if people would accept it as normal instead of calling us crazy.
projectdurden 2 years ago
Thank you for your display of courage during these tough times, Daniel.
The best to you and yours.
NoLongerFooled 2 years ago
Why the inflation model is broken:
Current Inflation Rate
YearJan FebMar AprMay
20090.03%0.24%-0.38%-0.74%-1.28%
See a pattern here folks?
Astrocreep69 2 years ago
John Williams doesn't agree with you Astrocreep but then again you are so much more than an economist sought after by fortune 500 companies. You Denninger and Mr Fed have some remarkable insight that Eric Janszen, jim Rogers, Thorsten Polleit, Michael Hudson, Henry C K Liu and many more apparently don't have.
Maybe you should stop watching youtube videos and read TGIII's respected economist Henry C K Liu. Is he a deflationist? Oh where is TGSIII when you need him???
mr1fed 2 years ago
This comment has received too many negative votes show
Well, I paid John Williams 68 bucks for a 6 month subscription to shadow stats...my subscription runs out next week. I would not consider Mr. Williams a very credible economist.
His actual unemployment numbers are accurate, but the rest is a bunch of 'hyperinflation' is right around the corner hogwash. And by the way, I still watch Jim Rogers and Marc Faber interviews now and again
I have thoroughly researched both sided of this argument, so please grow the fu<k up mr1fed.
Astrocreep69 2 years ago
Why don't you go back through your own posts, consider how you speak to people on this channel, look yourself in the mirror and then consider who really needs to grow up?
In addition, is that all you've got for a response?! This is it from the GREAT economist Astrocreep69??
mr1fed 2 years ago
If someone offers an opposing viewpoint and all you can do is make futile attempts to discredit them, I pity you.
Do I owe you an apology for telling everyone to Think For Themselves and look at both sides of the story and do THEIR OWN RESEARCH?
Never once was I trying to be disrespectful. The only way to make you goldbugs and 'hyperinflation' spoof think critically is to be BLUNT... sorry if you're offended.
Quit trolling for an opportunity to talk down someone you disagree with.
Astrocreep69 2 years ago
"The only way to make you goldbugs and 'hyperinflation' spoof think critically is to be BLUNT"
Again, consider how you speak to people. You claim you have an economics degree and yet you do nothing but paraphrase Crashof2008. You have your demagogues like Mr Fed and Denninger but ignore Henry C K Liu as I knew you would. TGSIII respects the man's opinion but to you he's 'hyperinflation' spoof and so is Michael Hudson.
The people I mention have economic degrees or doctorates and are not 26.
mr1fed 2 years ago
Denninger actually thinks we are headed into a deflationary period. Summers and bernanke have "economic degrees"? Those guys also said we were not in a credit bubble, either.
coultrane 2 years ago 3
"If someone offers an opposing viewpoint and all you can do is make futile attempts to discredit them, I pity you."
You don't offer an opposing viewpoint, you stand behind Mr Fed and Denninger. I held up several real established economists with proven track records who whole heartedly disagree with these two.
mr1fed 2 years ago
Many of your feelings, I have yet to see numbers, rest on the idea that the US doesn't have "dollar credibility" issues.
coultrane 2 years ago 2
The US and Federal reserve have seen to it that the rest of the world cannot afford to have the US dollar as reserve currency. How exactly are other countries supposed to finance trillion dollar trade and budget deficits for years to come?
The dollar is very much dying and soon to be dead.
mr1fed 2 years ago
excuse me to correct you, but i'm sure you mean multi trillion, not just trillion ;)
bdc03 2 years ago
a trillion just recently seamed like an insanely high number but now it's understated. Sounds deflationary to me;)
mr1fed 2 years ago
LOL, meanwhile the printing presses are firing as fast as possible :)
bdc03 2 years ago 2
Yawn...yes I do agree with Denninger and Mr. Fed for the most part. More so Denninger, because Mr. Fed is fairly anti Libertarian. What time frame do you give before it's conclusive that inflation or deflation has the upper hand? Or stagflation?
I would say deflation will be clearly evident by September 2010.
Astrocreep69 2 years ago
In your September 2010 deflation, what is happening with the value of the dollar? Is it gaining value? If it is, against what? Other failing currencies? Are you suggesting it will be gaining value against commodities?
How are you defining 'deflation'? Is it decrease in money and credit? Is it price declines?
mr1fed 2 years ago
Deflation: rising unemployment, falling wadges, highly restricted credit flow, commodity prices falling (primarily gold and crude), further deterioration in the housing market...etc etc.
The Government does not give us M3 any longer, and I think the ShadowStats numbers are skewed to the high side (so he does not look foolish when hyperinflation is DOA)
Can we use the dollar index? Could compare the USD to the Yen, RMB, Frank, Euro...It does not matter. The dollar is tops in the bunch.
Astrocreep69 2 years ago
Actually, gold is 'tops in the bunch'. $250 in 2001 and roughly $950 now.
You severally overestimate the value of the dollar. It has no real value. What backs it, the taxpayer?
Rising unemployment, falling wages, lower tax revenue, higher deficit, lower interest in treasuries, more monetization, even less interest in treasuries...
see where this is going, it's not deflation.
mr1fed 2 years ago 2
I hear what you saying, but I simply disagree. What I was saying before... one of use will be more accurate than the other in 12-15 months right now.
You think you can tread on what I say because the DX is around 80 and has fluctuated... It's like clockwork, the dollar slips a bit and here comes the band playing Hyperinflation is right around the corner!
I take a shot at you being Canadian and wishing for our demise and take shots, but I won't... because it proves nothing. Deflation is king.
Astrocreep69 2 years ago
I absolutely do not wish for your demise. We are joined at the hip. Who do you think buys our resources? 80% to the US. You go down, we go down. We have directly benefited from the US having the reserve status.
Who is going to buy US debt? A massive amount is already out there. Your credit card, mortgage, state, federal and entitlement program obligations are at 400% of gdp. Already no one WANTS US debt. The world wants out, not in.
mr1fed 2 years ago
"You think you can tread on what I say because the DX is around 80 and has fluctuated... It's like clockwork, the dollar slips a bit and here comes the band playing Hyperinflation is right around the corner!"
I have been on Daniel's channel since the beginning and I have always said dollar collapse. I don't see any other possibility and your arguments don't cut it for me.
mr1fed 2 years ago
One other point, as a Canadian, the vast majority of the people I know in my country respect and appreciate Americans. I think that many of us our sad to see what has happened to your country and your constitution.
Your government is way out of control and has been for a very long time now.
mr1fed 2 years ago
There is something we can agree on!
A 'dollar collapse' will not happen. We could make dozens of posts on this subject, but we already know where each other stand. You arguments do not cut it for me either. We have been here for over a year.... In another year, one of use will have "I told ya so" bragging rights.
Astrocreep69 2 years ago
If your government cuts spending, balances the budget, stops fighting wars all over the world, invests in manufacturing instead of insolvent banks then you might be right.
For now, the Fed will monetize as taxing is not a realistic option and China, Japan, Russia etc are done buying. The dollar will be done within 5 years, perhaps within months.
BTW, it's not 1980 and the Fed raising interest rates won't happen. Apples and oranges but you should already realize this.
mr1fed 2 years ago
The prices are heading up noticably already. Every time I go grocery shopping, prices are up 10 - 50 cents on an item from week to week. Once a month I do a shopping trip and buy the same items. Month to month my bill used to be $42 -$47. This month the same items same store bill was $65.
macpduff 2 years ago 3
Yup. completely agree. Some sector prices are increasing but others are falling precipitously. Many asset classes will continue to fall until the bad debt in the system is brought back to a sustainable level.
rocket754 2 years ago
Stay away from companies that want to sell you retail priced gold-collectible coins...u WILL get ripped off. Simpy look for pre 1964 silver dimes and quarters.
clev9980 2 years ago
And try shopping around with LOCAL coin shops & jewelers. The ones near me beat ANYTHING I could find on the internet by a wide margin
mredstriumph 2 years ago
To have hyperinflation don't you have to couple the massive money supply to wages or the like to make it's way in the real economy? If no one has the money or credit to pay the hyperinflation prices how can anyone buy at that inflated price therefore what happens to demand when that occurs?
rocket754 2 years ago
Comment removed
SilverRose09 2 years ago
Comment removed
high5flyer 2 years ago
Dollar is still the ONL world's currency the world trade can't live without. Deflation is very bad so If the Mode is broken, it's not bad. If few % points inflation will get us out of the mess, by God bring it on and we can handle it. We just can't have everything, can we? Inflate us out of hole. flow us out of here. Let's have it now and get it over.
overseachininadoll 2 years ago
Dollar is shaky. But the Euro is more shaky. The Russian money? EVen more so. Yen? It's the lost decade currency base on exporting. But the export is bad business now and the near future. RMB? Not even a free currency yet. China still a developing country. Canadian Australian money are not bad. But still they are not the world currency.
overseachininadoll 2 years ago
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visionvictory 2 years ago
Nice.
coultrane 2 years ago 2
My wife is already 5 months pregnant, I can't believe it. Were almost there :)
visionvictory 2 years ago
What if the economy doesn't collapse? Don't bank on it. I see things differently, we will probably have a poverty rate of 45-55%. Those people can just die off, or we can throw them in debt prisons/camps. We can make them work off their debts and produce of value for our great nation. If your smart and strong, you can join the ranks of the rich. You can raise yourself above the average brain dead person.
He101A 2 years ago
Besides the dollar, and euro what currency do you see with staying power where it would maintain its value. I have been buying silver and gold the last 10 years and have converted some to realestate but I am also looking for a currency hedge over seas. any thoughts?
NewAmericanOrder 2 years ago
Hong Kong Dollar is probably one of my favorites. Especially if Hong Kong becomes the new financial capital of the world.
visionvictory 2 years ago
coultrane, you are exactly right. I am doing the same, only I am waiting for a little more dip.
As for some other trick being under the gubment's sleeve, if they do, it's one nobody is aware of. Hard to believe the gubment that promised us 8% or less unemployment somehow knows something that economists don't that will save the day. Ain't gonna happen! The only thing I can see is some stringing out of the crisis to delay it longer than people think if other countries continue to lend, etc.
dmger14 2 years ago
Capital fears continue to haunt European banks
For an industry whose stock market value has doubled in the last three months, things are still looking far from rosy for the European banking sector, with authorities saying worse loan losses are still ahead as calls for a U.S.-style probe of balance sheets gather pace.
The ECB added to the debate on whether banks have sufficient capital Monday when it said the sector could face another $283B of losses from bad loans by the end of next year .
coultrane 2 years ago
Gold and silver are a steal. I repeat, a steal. This does not mean that you couldn't see massive price swings to the downside. Given the manipulation of the markets this seems plausible. In fact I'd love to see 6 dollar silver. But I have no problem buying every month, regardless of the price.
coultrane 2 years ago 3
look the system is not coming back, when i as a child the sun light was yellow, now it is white, they know that nature will turn on us, to keep your attention on the economy. Hey look over there?
freepress666 2 years ago
Fighter jets have been doing flybys over my town for the past week. Boy if a nuke hit us soil everything would come to a stop. its the perfect excuse for the us going to hell. Healthcare and GA would come to a screaching halt. Millions would be dead in months...
Recepression 2 years ago
Gas prices rise for 50th straight day
Gas prices rise for 50 straight days and counting; crude falls again, trading below $70
Retail gas prices climbed for the 50th straight day Wednesday, the longest streak in records dating to 1996, even as benchmark crude fell for the fourth day in a row.
Free market economies is really code for price fixing cartels and collusion. See opec, Lobbyist, Central bankers, etc...
coultrane 2 years ago 3
American is bankrupt and it's over.
Hell is on the way. YEEE HAW
GaryNull 2 years ago 3
California puts 90-day hold on foreclosures
California is imposing a 90-day moratorium on housing foreclosures under a new law that took effect Monday.
The law is expected to make lenders try harder to keep borrowers in their homes. Lenders must prove they tried to modify the delinquent loans before they can begin foreclosing.
I call it FREE RENT>
This is why I am divested in the markets. They change the rules as they see fit.
coultrane 2 years ago 5
What a joke the American economy is, propped up by constant government intervention.
visionvictory 2 years ago
"Balance Sheet recession" written by Richard C.Koo
This book helped me to understand what happens after financial crisis.
Bank,business and household go to fixing their balance sheet as asset deflate, nobody but government must spend to keep system going.
Once you allow industry to go bankrupt, technology will fall behind and / or cease to exist.
Japan believes US potential, because US is the land of free and the home of brave.
hirotakajun 2 years ago
Question: Charles Nenner was on CNBC this morning saying that, (1) He's getting out of gold, and (2) Gold stocks may be a good buy in 45-60 days (mining not ETF's) and that his charts show no safe haven (including commodities) for the next year. Are you familiar with Mr. Nenner and could you comment on this?
unclewaldo2002 2 years ago
One thing is for sure, the next 10 years will be nothing like the last 10 years. I think we all agree that our standard of living is going to fall. Could be higher taxes or inflation (quantatitive easing, flooding the money supply and I guess our pay will not keep up with inflation, by that time we will be grateful to have a job, consider it another form of tax).
Fiat currency is not the way forward, need the dollar to be backed by gold, this will ensure a sensible fractional reserve ratio.
hotcloud 2 years ago 4
You will always have a job its called feeding yourself and family at whatever cost.
SamuraiCommando 2 years ago
I think you are on the right track. I listen to the same influences as you do: Schiff, Paul, Rogers, etc. I'd never heard of the book you mentioned or the author but will check it out. I do think the answer lies somewhere in the middle. I hope that we do not see hyperinflation and I think it may be an extended period of strong inflation but not hyperinflation.
ugadawgs1984 2 years ago
Russia, China to Promote Ruble, Yuan Use in Trade
The leaders of Russia and China agreed to expand use of the ruble and yuan in bilateral trade to lessen dependence on the U.S. dollar a day after they took part in the first summit of the so-called BRIC countries.
coultrane 2 years ago 3
China sells US bonds to 'show concern'
A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists said.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.
Tim Geither is picking daisy petals while saying: She loves me, she loves me not.
coultrane 2 years ago 3
thx for sharing the info
visionvictory 2 years ago
There will be No Nation that will Escape Economic Turmoil
rocksiphone 2 years ago
List of USA war failure:
1) Failed the Korean war. USA did not win. N. Korean stand still and not only that, they are succeeded produced Nukes.
2) FAiled Vietnam War, it's a embarrassment to the USA.
3) So Call Cold war, the US did not win. It's social change happened inside of Russia as well as in China because they realized their system were not working. So they opened up and reform.
4) Iraq War II + Afghanistan
overseachininadoll 2 years ago 3
1) Wrong. South Korea is free.
2) Right. Although we never lost a single battle in Vietnam, we lost the will to fight.
3) Wrong. We brought down the soviets with black ops. Research Steve Pieczenik, undersecretary of state.
4) Right. We should get out.
iamgabrielf 2 years ago
@iamgabrielf
re point 3
bullshit - black ops may have played a very small part but there were many other factors:
the pope
the evil arsehole reagan
gorby
soviet self destruction
afghanistan
chernobyl
etc
maxine2win 2 years ago
You're partially correct. Thank you for acknowledging we played a role. The pope did as well. His efforts in the soviet union were partially funded by us. The pope even acknowledged this. Reagan was not perfect, but he did work to liberate eastern Europe. Gorbachev had no choice after he was conned into overspending on national defense and the afghanistan error. Chernobyl and others were much less relevant.
iamgabrielf 2 years ago
War save the Americans? Do you know it's very possible All the USA war machines likely becoming a pile of useless fancy metals? Only if someone disrupt the computers center control... Let's not forget the fact that All it took was 9 people with few cutter knives to make a 9/11.
overseachininadoll 2 years ago
WWII victory was not only because of the Americans participation. WWII victory was the combined Americans Russian's British Chinese participate and sacrifice. Ha speaking of brain wash of the commies, but of course most Americans are brain washed to think WWII is all because the Americans doing. You got Rush Limborgh white wash machine working in it's full force day in day out.
overseachininadoll 2 years ago
More wars? Prepare for the mother of all black hole on the earth. This time will sucks dry all Americans wealth, energy, blood, spirits, and live dry.
overseachininadoll 2 years ago
You're right. We need to reduce our foreign footprint. Bring our soldiers home as well as our factories. Our global presence is a black hole for us. You're right. Thanks.
iamgabrielf 2 years ago
For ex. EMP which is the first instance of a nuclear blast. But the problem is this. One country launches a nuke and it is over for everyone. I don't even want to live through that.
SamuraiCommando 2 years ago
Harry S. Dent what a joke! This is the guy who in 1999 predicted the Dow would break 40,000 and the Nasdaq would hit 20,000 by the end of the year. How can anybody believe a huckster selling books like him who has been so utterly wrong in the past!!! When I saw his new book The Coming Depression in an airport book store I took great relief.
i4Truth 2 years ago 2
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity and both bring a permanent ruin. But both are the refuge of political and economic opportunists." - Earnest Hemingway
blueprophet9 2 years ago 6
History repeats itself over & over & over. Empires & paper money come go. Emperors/elits try to grab power but civilizations collapse right along with the elites. Watch the Hubble Deep Space & the Pale Blue Dot for some perspective. "Earth is a very small stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot."
watch?v=fgg2tpUVbXQ
watch?v=p86BPM1GV8M
livefree1789 2 years ago
You Americans talk like you dont understand the concept of liberty and US society .
A lot of the value of US currency comes from the fact the Country is safe place to live with freedoms .
Unfortunatley the free market it betting the Kosha $ against currency from strong economic dictatorship countries on economic value alone.
China this China that well i suggest those go try living with the 900 mill Chinese that survive on less than $1.25 a day
Speaksforthetrees 2 years ago
To talk about money creation and deflation you really need to collect some numbers on defaults. How much money has already been lost over the last 2 years? Mortgage defaults, stock losses, business closings, unemployment, etc. Consider the drops in tax revenues. That is a good indicator that we have DEFLATION.
Starrsy4 2 years ago
throw it all out the window man, its the currency thats the problem. Its backed by perception, all of the info you just provided will show the world the truth about the U.S. economy.
visionvictory 2 years ago
Well, we can't just throw it all out the window any more than you can throw your mortgage debt out the window. YES- you are correct that the currency devaluation is vitally important to figuring out what is coming, but that is only part of the equation. Another part is the shrinkage of the money supply through default and interest costs. If we ignore them, or throw them out the window, we are driving a car with no side or rear vision.
Starrsy4 2 years ago
And the perception is that people will continue to go deeper into slavery based economy in order to take on the governments promises to our foreign creditors. People are going to break down and that is where it will all start for better or worse. And if you don't work then fine they will just tax everyone else a little more. Breakdown of faith in the system is happening and its the workers faith before the creditors. Just my opinion of course.
SamuraiCommando 2 years ago
rocket, i have limited knowledge but seems to me a loaf of bread price is not dependant on someones wages but the cost of ingridients. follow the chain of material to source to find price. is that right you econ wizzs ?
1mealperday 2 years ago
George4title is evil PERIOD.
He101A 2 years ago 6