Economic Warning: The Sun is shining but don't get too far from your fox hole!

[GD2Survivor]

Is there an economic center in this world that is sustainable with renewable resources, reasonable growth, and pollution free?

[worriedaboutlife]

No.. current economic theory is completely incompatible with the chalenge of climate change

[florgat91]

the economy and financial system is well on it's way to full or nearly full recovery - this recession will be a distant memory in six months -

[yeahSHEROCKS]

Thanks for the info. Things are pretty confusing out there, it seems like.

[subjer0]

Who has the authority? Obviously the Fed does. Alan Greenspan has said in an interview, the Fed is above every government agency, including the executive branch. The Fed can do anything it basically pleases since no one can audit them, and Congress doesn't want to do their jobs. It's in the Constitution stating only Congress can coin money, not a private bank masquerading as Federal Government.

[optiontrader11]

General Growth Properties - is facing a significant deadline:

From the WSJ: General Growth Shakes Up Executive Ranks [General Growth's] most critical deadline is 5 p.m. Friday, when it hopes the majority of its bondholders will have agreed to refrain from demanding payment this year on $2.25 billion in bonds. If that effort fails, General Growth says it might need to seek Chapter 11 bankruptcy protection.

[paulocbn]

how much did the u.s. spent already on this crisis.i would like to know..it´s because i´ve lost the account

[chrisl8r]

Well, you asked so here are my thoughts. The UN is suggesting the US dollar no longer be the "standard world currency" and instead be replaced by a mix of different currencies. I would not doubt that most countries will follow this line of thinking and agree to a new "standard currency valuation" when they see the US is not able to avert a deepening recession. Our troubles will only be compounded once countries start unloading their US currency holdings in favor of the new "standard".

[willybizz]

Listening to Cliff Potts in reply to your video , setting up a new loan bureau would be a popular business............... 0"0.........

Seriously though, are they trying to melt down the printing presses? Shouldn't Fort Knox be extremely busy at this

time ?

I guess not .. I say give all the tax payers a chance to play this game of monopoly .....

[entriguedbayu]

This is why former politicians loathed central banking and defeated anything remotely close. Sediments reflected best by Andrew Jackson when asked of his greatest accomplishment: "I killed the bank"

[entriguedbayu]

The FED doesn't need permission.....It acts as the complete authority monitarily and occasionally goes before congress (the dog and pony show) to give nonanswers to questions.

[nambypamby34]

Screw it!!! get out of your fox hole!!! go for a run!!only shop at good will and garage sales!! and Have the family over for a picnic BUT GET OUT whatever you do!!

[AwakenSafely]

LOL...sure, that's cool, too! my point is not to stay physically INSIDE...it's to not go back to numb-zombie consumerism. YOU know what I mean ;-)

[hound2dog75]

hey AwakenSafely i keep hearing wind of a banking holiday that might happen sometime in the near futur, maybe around march, but have also heard aug to september, what does this really mean for all of us, also i have heard that all the people in the market are going to looses all there money in it when it crashes around the same time, any thoughts

[GloVermont2]

Most people will return to consumerism just as soon as they feel the economy is recovering. It's ingrained in our society.

What do you expect people to be a bunch of losers? Maybe all become loser farmers and sustainable living freaks? Hahahaha. this paragraph is to highlight the social values of modern consumerism. I'm one of the losers.

Sincerely -Joe in Glover Vermont

[DillonX]

Historically gold has not been a good investment & overall has barely kept up w/ the rate of inflation.

When is gold least desired? Did you get that one right? In the midst of a major depression.

[BeenInACaveWayToLong]

"barely kept up w/the rate of inflation"

Gold is historically the hedge against inflation. That's the point...If you want to maintain your purchasing power during a period where more dollars are chasing the same supply, then gold is the vehicle to use for that purpose.

If one wants to use gold for investment purposes, then that is risky business. But as they say, one oz of gold purchased a suit of clothes, a belt & shoes in Caesars' day. It still does today...and it will in the future.

[MengersDisciple]

Paper money backed by nothing has never lasted in the 6000 years of recorded history, only gold and silver have been (and are universally accepted as currency in all cultures.

The paper pushers would want you to believe otherwise, but just look at history - all of it, not just the last few decades.

The Fed is America's 3rd central bank, and will be shut down just like the first two. How many people know that the big battles of 1800s was to shut down the first two central banks?

continued...

[MengersDisciple]

... continued

Google: "a history of money" by Glyn Davies (free online book) for an EXCELLENT history of how money managers and bankers defrauded people through history.

If you read it, you will see the same patterns occurring right now.

Those who don't know history will run around and screaming:

"Sweet Jesus, how could this have happened? No one saw it coming! It hasn't happened in the at least the last 8 years"

(that last line was stolen from Max Fraad Wolff watch?v=2lsESMsIzBA at 5:42)

[PREPAREORSUFFER]

i do think that we have about a year before it all falls apart !

[teewillis1981]

I think we have less time than that.

[siddhaam]

Nobody "votes" on the actions of the Fed. The Fed is privately owned and controled.

It is completely independent of gov - yet by the Fed Res Act its decisions have the force of gov.

The American gov has been usurped by Wall St.

America does not presently have a democratic gov of "we the people".

this may be the final nail in the coffin of America as we have known it.

This can only end badly - they are not stupid - they must know what they are doing - think about it folks and prepare.

[LisaJ4Liberty]

To Awaken Safely and Siddhaam-- You have both posited that the Fed may be executing a sinister and brilliant plan... Let's look at the logic of that. I mean, where is it? Do you believe it's a brilliant plan for these Wall Street Robber Baraons (or whatever you want to call them) to ruin the world's economy? To put the whole world into a lengthy Depression and a violent state of unrest which may eventually lead to world war? How is that smart or brilliant?

I don't see it.

[siddhaam]

Hi. My reasoning is:

The top echelon of rulers are aware that the current economic system is obsolete due to its wastage of resources and destruction of the biosphere (upon which we depend for life). They want to create a new system and retain the control they now have. This cannot be publicly negotiated by 200+ nations in the time allowed. This crisis is their opportunity to begin to change the system.

This is about power not money for them.

They already own the global money supply system.

[LisaJ4Liberty]

Really? You think that little cowardly weasel Ben Bernanke is plotting the depopulation of the globe?

He strikes me much more as a sniveling little girl than Darth Vadar.

I mean please. Get serious boys and girls.

[siddhaam]

lets keep it civil.

bernanke is a minion. his expertise is the great depression, so who better to manage a controlled collapse.

calling him names is useless emotionalism.

check out 'the money masters' on google video.

many suspect this crisis is being engineered to instal a global central banking banking system as the basis of a new world order.

People will welcome such a system if things get bad enough.

Rahm Emanuel said "never waste a crisis".

[LisaJ4Liberty]

To me is seems obvious they're just acting desperately and cluelessly. I watch the senators and congressmen, the Fed and treas. secretary talk, I watch them act, and I see STUPID people!

I find it incomprehensible that anyone would think any of them capable of something clever. Though certainly they're capable of lying and stealing.

They are simply idiots whose brains have turned to mush from too much privilege. Their humanity has left them & they no longer live in reality. Imho

[FGTBOGSAT]

Buy gold and silver now!

[PestControl02]

this will end badly...

[veritasfiles]

This is disasters. The Chinese are going to stop buying our debt. The Fed is going to buy up the debt itself and that's going to mean 3000% inflation or higher. Get ready to eat bugs and live in tents for the next 20 years. This is absolutely awful. Don't get hysterical, but please prepare while you have time. It may be only a matter of days, weeks, or months. I'm not sure we even have a year anymore.

[wrinkles1931]

we have quite a while.....don't freak out, the world economies are so interlinked it will take several years to de-leverage...but it will happen, and yes, we will start having really serious problems with-in a year or so, but you won't be eating bugs anytime soon...

[veritasfiles]

Yeah, well, I was speaking fo the long-term after 2 to 5 years from now, but the time to prepare for that is now. In another 6 months to a year, it may be near impossible to make further preparations. I think the bugs will come several years from now though. And don't worry, I'm not freaked out. I just don't think that the vast majority of people out there have any concept of what is going to happen.

[MengersDisciple]

Actually, the Chinese *can't* buy our debt even if they wanted to.

They don't have the surplus dollars (from our trade deficit, which has dropped sharply to ~$35 billion/month from $50 to $60 billion/month) to recycle back to us by buying our debt.

Ponzi much?

[veritasfiles]

Actually, the Chinese have trillions in savings. They could buy our debt, but why would they buy another 3 to 5 trillion in debt when they know that we are ultimately going to collapse? Better to loose 1 Trillion now than to lo

[MengersDisciple]

veritasfiles,

Agree about the Chinese running away from the disaster.

Of their trillions in savings, one trillion is already "saved" in US treasurys, not in cash currency. And they are not dumb enough to sell their other government bonds to buy more US treasurys...

[ABOSOLUTEKNOWLEDGE]

1 trlion last year

1 trillion foirst week of abam

1 trillion again today

3 trilion in last 6 months lol

barowing or rpinting 3 trillion? to solve a problem witch was couse by over spending?:))

this is gonna end badly just as planned

by the elite

watch THE OBAMA DECEPTION just realeased video

explains it all

[MengersDisciple]

The bubble's already here... that's how the dollar is so strong.

When the Fed announced the possibility of QE late last year, traders started loading up on US bonds so that they could turn around and sell it to the Fed when the QE started.

watch?v=Ywcrf0eqncc

The question is, has that bubble burst?

Who will blink first? China or a smaller player?

[MengersDisciple]

Finally, I may be able to get my hands on a million dollar bill!

Jacob, there's not "voting" on anything the Fed does. They are a private "agency" and don't have to answer to anyone in the government or public - see the Federal Reserve Act.

The power holders in the Fed are... you guessed it... big Wall Street banks.

(The power structure effective neuters regional federal reserve banks)

And who are the geniuses who came up with the idea of creating the Fed?

Bingo! The big Wall Street banks.

[AwakenSafely]

yes...you are right

[LisaJ4Liberty]

To me it seems you'd have to be insane to think the Fed's plans are going to lead to anything other than disaster.

It seems to me a wildly desperate plan. All of the fed & treasury's plans seem half baked, convoluted and irrational. They are just horrible, dumb people and they stoop lower every day.

Oh well, we knew this was going to happen. This is probably going to get even more calamitous in the months ahead.

[AwakenSafely]

yes...either half-baked, convoluted and irrational OR quite well-planned, brilliantly executed and very sinister. Not sure which it is but the result seems the same with or without the intentionality

[navtel]

fortunate we would have been far worse off had we not paid the huge dollars to the best people in the business to run things.

[thirstybullet]

just buy as much ammunition as you can. You probably are going to need it.

[thirstybullet]

it's possible.First we will need a complete reversal of investor psychology so we can see where the next bubble is rising. Im hoping it's stocks because that will mean job losses should reverse. If there is no bubble in fact then we have the worst scenario --> economic collapse and hyperinflation. It's bubble time or die.

[mrcool011]

The dollar tanked today, gold shot up and oddly the Dow shot up....these are very interesting times. But this road of quantitative easing is a slippery road that will only lead to more.

[tbackes]

super point ten dollar bread anyone?

[tbackes]

jacob they are killing the dollar, watch this closely

[genghis6l99]

agreed . we're nowhere near the bottom. the paper market has to fully unwind before that will happen

[Rockerchic4God]

Good vid! Thanx dude - some very interesting info here.

[TheValeterUK]

even with all this info, im still amazed at all the asleep folk there are on this planet,

[AwakenSafely]

yeah...unbelievable.....wow.

everybody in the mortgage industry is like, "YEAH!!!! party time again.."

[bluedobie4]

I appreciate your videos. Please continue to post them.

Thanks and good luck.

[hrosemd]

Can the Fed purchase every single asset on earth?

If not, why not?

They can create as many dollars as they'd like, at no cost to them. They don't have to ask anyone's permission. What's stopping them?

[hermbilliamherm18]

hopefully the people will start to protest more! i wish there was a protest rally where im at but i dont think i could get that many people to actually get off their ass

[tinafiedler1]

hermbilliamherm18: Remember, the people ARE rioting, but the newspapers, etc aren't reporting all of them. MSM doesn't want the people to riot. So disappoint them, and start one of your own. I attended one in Fullerton, CA- the LA Times didn't even cover it, altho smaller papers did.

[mtlsoul]

Can you send me some links about the riots? I have been trying to keep up, I saw the near riot in Augusta, and the one Cali about a month ago.

[AwakenSafely]

yeah, BUT the problem is, it's like a credit card. there's the issue of WHO IS THE CREDITOR. In this case, it's other countries--MAINLY China. They are already saying "no" in a cautious way

[hrosemd]

Yes, but this has nothing to do with the Fed though. You have to differentiate between the selling of Treasury Bills/Bonds to foreigners by the of the US Treasury and the simple buying of assets by the Federal Reserve. The Fed simply creates dollars, and then hands them to someone and purchases their asset. They don't end up owing anybody anything. They create dollars at no cost, and then buy stuff with it. Simple.

[MengersDisciple]

The Fed has the power to buy *anything* in the world they want. Even foreign assets if they "feel" it is necessary.

And they can be secretive about it... BY LAW.

That's how Bernanke can say "I won't tell you" when Congress asks him what garbage assets the Fed purchased from which banks for $2 trillion last year.

IIRC, that additional power to purchase anything in the world and the secrecy surrounding it was added in the 80s.

[hrosemd]

Bingo.

[thirstybullet]

Keep your eyes open for the next bubble to take off. All this money is going to go somewhere and it's going to kick off a bubble in some market somewhere. At the same time, watch out for inflation. I hope it is the stock market again but we wont know until after the bubble starts blowing.

[hound2dog75]

while we are printing all of this money lets print 10 trillion to split among the states hell lets print 30 trillion and give some to every man women and child alive

[Jaycephus01]

That would result in an instant state of 'hyperinflation'. Money would be worth less than the paper it is printed on overnight. No amount of it would buy a loaf of bread. So, doing this same thing to the degree we are doing it now is also NOT a good idea. We ARE devaluing the dollar, despite where current prices are. Prices can go down for lots of reasons, so it is possible to have dropping prices and a increasingly devalued dollar at the same time.

[ibram786]

spell check on "happen" far too tired atm x )

thanks for the upload!

[AwakenSafely]

thank you, Ibram!

[ibram786]

on peter schiffs channel, the fan update has released a lecture done by Schiff called:

Peter Schiff on The Lew Rockwell Show 15-03-2009

or you can add the link:

watch?v=eSVpio-3eBU&feature=Pl­ayList&p=63D24DF70233DBFD&inde­x=0

its an 8 part series about the bubbles and the subsequent burst that will haooen in the near future. The reasons why appreciation of house prices wasnt going to bring huge profits for every individual. Really interesting take on it. No to the next bailout please =.="

[BeenInACaveWayToLong]

When the Treasury pays the Federal Reserve interest on all of these treasuries that were exchanged for newly printed money (or electronic zero's and ones) ... where does that interest go and what does the Fed do with it? Wouldn't an audit of the Fed's books be an interesting adventure ... that is, if they even have books...

[lloydmer]

Maybe you are already aware, but Ron Paul has introduced H.R. 1207 The Federal Reserve Transparency Act of 2009, which would audit them. Urge your Congressman to support the bill if you agree. watch?v=7PC9fkLMZmo

[optiontrader11]

Dollar is doomed, big drop today, Gold shot up $67 dollars of its low.

[AwakenSafely]

yep.

I just sent a note out to all my former mortgage clients saying "if you think you can refinance DO IT NOW". I believe we are going to see inflation whipsaw real quick like...

[optiontrader11]

Short term rates might drop, but soon the bond market is going to make them go up to compensate for the inflation risk. Rates are going up which will cause more problems for the banks in trouble. The Fed is shooting themselves in the foot.

[AwakenSafely]

YES....absolutely. ridiculous manipulation, in my opinion. and at WHAT A STAGGERING COST

[brizzlie]

It's amazing how this stuff is in the news, and so few people know what it means....

I was one of those people just 2 years ago... and I'm a stockbroker and investor. Crazy. Hidden in plain sight.

[BeenInACaveWayToLong]

Hmmm...print money to buy $300 Billion upto $1 trillion in treasures to hasten the end of the recession ... hmmmm.