Can't believe the way they didn't answer the guy's perfectly legitimate question about a chinese property bubble. Scares me how EuroPac evaded it. Going on about it you have "individual concerns" the dynamicism of the chinese market might not be for you!
He was simply asking - hey if there's a housing bubble surely it will affect the stockmarket too...? How is that an individual concern - that would be a concern for anyone invested. Couldn't answer his question at all. Which means he's right.
Peter: Please DON'T let these CLOWNS speak for you or EuroPac, because the stupid things they say make me fear for my account with you guys. i.e. @ the 30 minute mark someone asks: Is China in a RE bubble? Instead of a response, he gets a 5 minutes of BS. Then the douchebag representing EP has the gall to say to the poor guy,"maybe you shouldn't have an account with us". The fucking nerve. I'm going to do more research on other options while I consider closing my account.
@imre1000 why isn't it taken seriously? Because Austrians believe the freemarket can decide everything. Well what about environmental issues for example the freemarket fails to solve. Sometimes governments are needed to solve such issues. Some examples, providing bus services to unprofitable regions, creating national parks to protect endangered species. Loosening our dependence on fossil fuels, giving green tech a chance to becoming competitive . Not allowing people to starve to death etc
@Seano71, Austrian Economics is not an 'all or nothing' set of rules. It's setting ground rules for monetary policy and inflation (a hidden tax).
Austrians say the free market is better, and I agree.
They also say that central banks cannot increase the money supply at will, with no backing. Which is theft.
But if governments want to provide tax payer funded services, fine. As long as their citizens are aware they are being taxed and get a chance at electing who they see fit.
I think the answer given to the middle caller (~35:00) was severely lacking, embarrassing even. Even Marc Faber confirmed that there's a big bubble in Chinese coastal area real estate properties. The anchor (not Peter) dismissed these claims in a lot of talk and no substance.
@dv2012 The IMF sold 1/8 of it's gold. Half of that to India (200 metric tons) the other 200 in the open market. Before the sales the IMF had 3200 tons.
The LA branch manager probably meant half of what was for sale not total reserves.
Ahh....Ireland, well I don't know the numbers in Ireland, but I guess that it is Government numbers, and like every other places they cannot be trusted. But as I said I don't know the numbers in Ireland.
OK, I don't know much about the Irish bubble from the media, other than a lot of complaining from the Irish Government about budgets cuts. The prices has fallen.....well then it comes up to what do you prefer, the bubble contract, and your money in your pocket keep its value, or keep ( trying ) blowing the bubble ( by money printing ) and your money in your pocket lose value.
@johnsenkenn The European central bank seems far stricter than its US counterpart. Most of the nations are in good shape. Ireland seems to be the only nation with a serious deficit who is cutting back to reduce it. Most people know that's what has to be done. The only mistake our current finance minister has made was bailing out Anglo Irish. They were that leveraged they should have been let fail. Now we are in 100 billion in debt, that's for a nation with a GDP of 35 billion.
35 billion Euro GDP ? you must have forgot a number or two. Genuine Celtic Tiger boom, Well this genuine boom is blown.....is it not. You can't seriously claim that the sky - paper money won't fall if you keep....notice the word keep.....monetization - make money out of the printing press
@johnsenkenn no, the monitizing took place in the mid 90s and shortly after it lead to a massive boom. Businesses came flooding in to setup here like Intel, Dell, Hewlett Packard, Packard Bell, Wyeth, Pfizer etc. GDP in one year alone grew by 20%. This lasted until 2001 and then we got too expensive. It was genuine boom time for those 6 or so years. Then after it was just growth funded by a property bubble than eventually went out of control
@johnsenkenn continue....Believe it or not, but Ireland was in a far worse situation in the past with a national debt that was eventually paid off in full. We had to have an official devaluation of the Punt, but it lead to a boom afterwards. It lead to the Celtic Tiger, the greatest boom we ever had and it was a genuine boom, not phony growth. Economists were saying the exact same things Schiff is saying now, that the sky would fall if monetization kept occuring.
@johnsenkenn One more thing, Schiff fails to point out that there is one major difference between inflation and quantitative easing. With inflation all the money is flooded out onto the market at once. With quantitative easing, its kept stored in reserve if needed. That with interest rates set close to 0 for the short term allows for the fastest recovery. Think of cash as a coastal tide. When it comes in everything flourishes and you have a knock on effect, and visa versa
No, quantitative easing simply means printing money......and inflation comes out off quantitative easing. Quantitative easing is expanding the money supply, and expanding the money supply more than the increase in productivity - value of the so-called GDP decrease the value of the paper money.
@johnsenkenn And to complete you sentence..... Whatever value is lost is then offest by more supply of dollars in your pocket. End result is it's a wash the net value loss Zero! These types of one sided math tricks are used to make you believe they are telling you the truth so they get you to listen to them and buy Gold. Because the money managers need to get out of thier position and they need to sell it to the uninofmrd public. In the end the public will be left holding the bag of $hit!
No, the net value loss is not Zero, if inflation is counted correctly. One group there are especially hurt is the social security, if they should have followed the inflation, they should have more than twice, than they get to today. No, holding a bag of gold is not holding a bag of shit, as long the fed print a lot of paper.
@kennjohnsen You can rationalize all you want. The end result is the same. Any loss per dollar value MUST be offset by increased supply of dollars. If there is no increase of dollars in your pocket you cannot have inflation. No velocity of new $ thru the economy to cause inflation. You cannot have one without the other. It is impossible! Whoever has continuously bought Gold has raised their cost basis. When Gold creators The public will be left holding the Bag of $hit! Dot.com, Oil, Housing etc.
Sure it's the increased supply of dollars there decrease the value of the dollars, is that not what I am saying. This increase in dollars does not necessary end up in my pocket. It does not end in the pocket of the caterpillar worker there lost 2 dollars a hour, and lose 10 % a year in buy power. And they have not ended in the pocket in the social security retiree, they have not raised social security 2010 - 2011.
@kennjohnsen Without supply increase in everyone's pocket you cannot have inflation. It is impossible. A lack of increased supply implies that the money never made it into the economy. Therefore no monetary inflation. If I print 100 trillion dollars and buried it in my back yard would that cause inflation? No because the money did not make its way into the economy to cause prices to rise nominally. I would have to spend it to introduce it into the economy. It is a simple concept to understand.
Well there is 10 % inflation, correct. And the fed buys US bonds, probably not before long they will buy 100 %. The reason that you only have 10 % inflation is that the worlds central banks are burying US dollars in their basement. Anyway this inflation - deflation argument will soon be settled. This that there cannot be inflation without everyone get more dollars in their pocket, is obviouly wrong.....rubbish, anyone can observe that.
But the money supply does not have to go up, if the GDP is falling, as it does now. And as long the fed print the dollars as madness, the commodity will keeo going up, and that goes for gold to. If the fed should raise the intetrest to 20 %.....which they will not, then commoity....gold will drop like a stone.
@kennjohnsen Popular misconception is that money printing caused commodities to rise. Not true! They did have a small roll but What did cause commodities to rise was Supply and demand from emerging markets. China, Dubai, Brazil, India etc. Look at Dry Baltic index. What do you think those ships were carrying? Furthermore any money printed has been offset by credit contraction. Net result Contraction of money not expansion.Revolving credit Household debt down and Personal income, savings up!
Money printing does not cause commodities to rise in dollars, that's rubbish. All your emerging market is just excuses. It's not the commodities there raise, it's the dollar there are falling. And the dollar falls because you expand the dollar supply, and your GDP are falling.
@kennjohnsen I am sorry these are not excuses. These are documented facts. Entire cities and factories were build in a very short period of time. ie Dubai and many other cities in China and the rest of the world. Plus Katrina, tsunami etc. Plus a massive Global housing boom to go along with everything else. In order to accomplish these tasks a Massive amount of Commodities are required. (Demand and supply) I am sorry that these simple facts trump your feelings, thinking and investments. Rethink!
What does that got to do with the situation to day, other than in that time they blew up a balloon, and now this balloon is blown. This was about the situation of to day, inflation.....money supply, and now you start talking about 3 years ago ? the fact is that today most folks buy power is dwindling, and most folks does not get more dollars in their pocket. The fact is that the dollar are on life support by the worlds central banks. And the fact is that there are inflation.
@kennjohnsen It is always much easier to be subjective emotional and use powerful but vague meaningless words ie. "most folks buy power is dwindling"! Untrue! Trying to appeal to peoples human emotions to find Justice to hard undeniable evidence is a sure sign of ignorance. To this point you have not produced a single factual rebuttal to any of my thoughtful data points except to say that money printing causes inflation and commodities to rise. Which is partially correct. Seek the truth Rethink
@kennjohnsen No it does not dwindles it is a fact. Unlike 80's Today we have Phones TV's Cable in just about every room in the house. Cell Phones with internet, Txt, call waiting, ID etc Computers for every member or the house, Printers, Ink, Scanners, Fax, Internet , and min one online paid service. Leased Cars, insurance, tickets, maintenance etc. for ever legal driver in a household. $59 airfare to Florida, Caribbean etc satellite radio, GPS, Smart kitchens, pools, These things cost money!
@kennjohnsen What I stated is not well off this is middle class America. Are there people with less? Sure that has always been the case. Others have more. But Think of this. Gold produces nothing. It does not mate and make little baby gold. Stocks, Business, Commercial real estate, Even over priced Bonds ( I would no buy now) but even they produce a ROI. I am not telling you to sell out completely from Gold But at these leves to take some profits is a good Idea. Not buying and raising cost AVG
@kennjohnsen To deny these simple Facts is ignorant. Just compare a chart from 2000 to today of "World industrial production" to "commodity prices" it a very simple chart that proves it. Furthermore "Oil" which is priced in USD dropped by more than 45% while the US was printing. If you were correct Oil would have been making new highs and trading at $500 plus today. But it's not! is it? Like I said "if I printed a 100 trillion and buried it in my back yard it would never cause inflation." Fact.
Well, alright oil is one thing there are manipulated, but to say that the reason commodities prices are doubling are all manipulation, is just as wrong as saying none are. And the printed money are not buried, they are spent by the Government.....correct. These printed dollars is spent in to circulation by the state. Some of them are buried be the worlds central government, but not all, there is 10 % inflation, despite the us export a lot of it. You inflating yourself t poverty
@kennjohnsen I am not inflating myself I am merely stating facts. When Facts are denied then that is called ignorance. I did not create the facts nor did I create math. I never said the money is buried. That was an example that money printing alone does not cause inflation. That money had to be introduced into the economy to cause Inf. Do not twist my words. Money printed - Credit contraction = Zero money expansion. Inflation is not 10% Don't be silly. Shelter is 42% of income that is down 33%
@kennjohnsen Well if John Williams said it then it must be true! How dare I use logic to refute that fact. But me being me I will lose logic. 1 Home prices have deflated 33% 2. Air fare cheaper 3 if inflation was up 10% for the last 3 years. I would have lost 30% of my total buying power. I haven't I can actually buy 33% more home today then I could 3 years ago! Large ticket Items are cheaper! Wal mart Target are selling Chinese goods CHEAPER! Ikea Cheaper! Um.. I think he is 100% wrong! Rethink
It's impossible for you to rethink, do you make a living of this ? then you will go broke. You refute John williams statistic ? I don't. I refute yours, the Governments. Only people there didn't have a home benefit from the lower prices.
@kennjohnsen You can refute Gov't data if you have facts to back it up. You can refute anything with Facts! But not guessing, emotions, and fear. That is ignorant.
People who rent homes have benefited immensely! To say they have not is simply absurd to say the least. I do make an income from this. I listen to what the markets say by listening to people who talk with their money. Not their mouths! Schiff lost 70% during the crash. What does that tell you about how much he knows? Not much!
@kennjohnsen Dollars come in two flavors. Physical and Credit. To deny credit is to deny that I can go to the super market and buy food with my credit card. Since we know I can buy with a CC that means that Physical + Credit = total money supply. If money Printed is offset by credit contraction end result is ZERO money expansion. Thus no money expansion making monetary inflation impossible. Another Fact that money printing alone does not cause inflation thus commodities went up based on S and D
And what keeps the Government alive, credit from the fed, is that correct. It might be that the total dollar supply does not expand, or very little, but the GDP are contracting ?
@kennjohnsen Have you ever traded the biggest markets in the world called Forex? If not I suggest that you do. The first thing you will learn is that The everything is based off the DOLLAR! Do you know why? Because the USD is the World reserve currency. Rethink again what you say. Furthermore I urge you to never bet against the dollar Based on the way you feel and think! Unless you want blow out your ! If you think Gold is going up because of the dollar devaluation I dare you to short the dollar
You seem to be quite ordinary in your believe in that the dollar will be the reserve currency, for ever. and therefore you can print as many you want, and get something for nothing forever. That's obviously not possible, and in not so long a time it will show it wasn't. To short the dollar might be a good idea, I don't short any commodities as long the fed hold the interest down to zero.
@kennjohnsen Ok then Short the USD. You will learn real fast just how stupid the USD devaluation really is. Maybe I am "quite ordinary" in what I believe but in the end the facts do not change. Do they? No.ask yourself this. How many times have you speculated and was actually 100% right without the use of "rationalizing"? I would guess you would score the average for the population10% of the time. This is not any different. that is why I suggest you look at what "IS" not what YOU THINK will be!
@kennjohnsen No one was speculating either when they were buying homes at any price because God was not making any more land and housing is real unlike stocks. Please ask any of them how that went for them. Buying Gold at any price based on proven false information and beliefs will prove to be painful in the end that I have no doubt. I will gladly take your money Shorting the Dollar and buying Gold at any price. I will spend it wisely. Rest assure. Thx ahead of time.
The dollar is not stable, it is propped up by the worlds central banks, and the fed keep printing, and the Government keep spending, that is not a stable situation.
@kennjohnsen Propped up? Really? Hm... Ok great go short the USD and see how Propped up it is. When you lose all your money I bet You will still say it was propped up but your bank account will say NOPE! It is real BUD! This is what I said before, powerful words and accusation like "Propped Up" mean absolutely nothing when you put your money where your mouth is. Reality and Facts comes at you real fast! You keep bathing in the "regionalization Sea" Watch the under toes I wish you all the best.
@kennjohnsen It will not end. These Morons you are listen to have taught you to think one dimensional. if China stops buying USD and the buy the pound instead. What will happen to our exports and UK's? Exactly increase for us an decrease for them. U think they want that? Nope! What do you think the UK will do? U got it! Buy our USD! End result USD remains constant! It will not collapse! No currency has ever collapsed Because of Money printing. Ever! Printing is the result not the Cause. Rethink!
@kennjohnsen Honestly my friend you need to stop listening to these Idiots Fed Chairmen wanabes selling you fear and Bull$hit. You want to scare yourself go to a haunted house. You need to be level headed and unemotional to balance things correctly. The "THEY" syndrome is self imposed fear for what we cannot explain. If economics interest you spend some time doing your own research based on facts and very Simple math. If not at least listen to alternative views without getting pissed. Good luck!
You need to stop listen to Bernanke and his fairy tale talk, but you don't. I listen to my self, I have learned long time ago, follow the central bank, then you will know what to do. The US central bank will keep the interest down, they don't have other choise. Therefore the dollar is doomed, and you will get what you deserve.
@kennjohnsen Bernanke? Why would I not try to refute him? Problem is he has been right all along. How do I know? I follow the message of the markets. Where people talk with their money not mouths emotions, guesses or fears.
FYI Gold is down year to date and US Stocks have been outperforming commodities and Emerging markets. That my friend is money talking not mouths. Why is this happening? Yup! Exactly because of Bernanke's actions not words.
Sure this have happened because of Bernanke's action, printing money. That's what I said, follow the fed, what they are doing, then you will know what to do. But it's only 3 months, in the year. The future is impossible to predict exactly, lets see if this funny guy Linsey Williams got it right this time...ha...ha...
Your channel rocks, check out mine.. :)
TouchingPerformances 1 year ago
المتنورين! نشوة الطرب! الجوهرة تأخذ النظام العالمي الجديد!
sebz61 1 year ago
Can't believe the way they didn't answer the guy's perfectly legitimate question about a chinese property bubble. Scares me how EuroPac evaded it. Going on about it you have "individual concerns" the dynamicism of the chinese market might not be for you!
He was simply asking - hey if there's a housing bubble surely it will affect the stockmarket too...? How is that an individual concern - that would be a concern for anyone invested. Couldn't answer his question at all. Which means he's right.
jadebrush 1 year ago
Peter: Please DON'T let these CLOWNS speak for you or EuroPac, because the stupid things they say make me fear for my account with you guys. i.e. @ the 30 minute mark someone asks: Is China in a RE bubble? Instead of a response, he gets a 5 minutes of BS. Then the douchebag representing EP has the gall to say to the poor guy,"maybe you shouldn't have an account with us". The fucking nerve. I'm going to do more research on other options while I consider closing my account.
clopoplol 1 year ago
multi-billion dollar greek bailout?? Whoa No Way! That happened this week too!
MrGronka 1 year ago
Why hasn't peter loaded his show from last week (4/21/10) on his site yet? Has he ever been this late?
Damn, this sucks.
digitallando 1 year ago
@digitallando if you go to the website of euro pacific capital, the shows will be there.
wunderbeast 1 year ago
Austrian economics isn't taken that serious and listening to this I can see why
Seano71 1 year ago
@Seano71, why is that?
imre1000 1 year ago
@imre1000 because that's the best rates the greeks could get.
Seano71 1 year ago
@Seano71 - you replied to the wrong comment. It's hard to track with this new youtbe design...
imre1000 1 year ago
@imre1000 why isn't it taken seriously? Because Austrians believe the freemarket can decide everything. Well what about environmental issues for example the freemarket fails to solve. Sometimes governments are needed to solve such issues. Some examples, providing bus services to unprofitable regions, creating national parks to protect endangered species. Loosening our dependence on fossil fuels, giving green tech a chance to becoming competitive . Not allowing people to starve to death etc
Seano71 1 year ago
@Seano71, Austrian Economics is not an 'all or nothing' set of rules. It's setting ground rules for monetary policy and inflation (a hidden tax).
Austrians say the free market is better, and I agree.
They also say that central banks cannot increase the money supply at will, with no backing. Which is theft.
But if governments want to provide tax payer funded services, fine. As long as their citizens are aware they are being taxed and get a chance at electing who they see fit.
imre1000 1 year ago
I think the answer given to the middle caller (~35:00) was severely lacking, embarrassing even. Even Marc Faber confirmed that there's a big bubble in Chinese coastal area real estate properties. The anchor (not Peter) dismissed these claims in a lot of talk and no substance.
dv2012 1 year ago 3
Another comment about the L.A. branch manager: He says the IMF sold half its gold to India. To my knowledge, it was just 1/8, not 1/2.
dv2012 1 year ago
@dv2012 I think the IMF was planning on selling 400 tons of gold, they sold half of that to India.
TheMobocracy 1 year ago
@dv2012 The IMF sold 1/8 of it's gold. Half of that to India (200 metric tons) the other 200 in the open market. Before the sales the IMF had 3200 tons.
The LA branch manager probably meant half of what was for sale not total reserves.
martintheguitarist 1 year ago
@martintheguitarist
The IMF sold it's gold ? they sold tungsten........
johnsenkenn 1 year ago
This has been flagged as spam show
@dv2012 yes
lauradegallis 1 month ago
gr8 job
shockinggenius 1 year ago
its not a bailout, its a high interest loan
Seano71 1 year ago
@Seano71
High interest loan? You call 5% high? Dream on.
topshotmx8 1 year ago
@topshotmx8 its 7.5%. With about 4% deflation that is high
Seano71 1 year ago
@Seano71
There are not deflation.....on the contrary, the inflation are close to ten %.
johnsenkenn 1 year ago
@johnsenkenn there is in Ireland and we are in the Euro
Seano71 1 year ago
@Seano71
Ahh....Ireland, well I don't know the numbers in Ireland, but I guess that it is Government numbers, and like every other places they cannot be trusted. But as I said I don't know the numbers in Ireland.
johnsenkenn 1 year ago
@johnsenkenn Everything has fallen drastically in price, just goes to show how much everyone was ripped off in the bubble times.
Seano71 1 year ago
@Seano71
OK, I don't know much about the Irish bubble from the media, other than a lot of complaining from the Irish Government about budgets cuts. The prices has fallen.....well then it comes up to what do you prefer, the bubble contract, and your money in your pocket keep its value, or keep ( trying ) blowing the bubble ( by money printing ) and your money in your pocket lose value.
johnsenkenn 1 year ago
@johnsenkenn The European central bank seems far stricter than its US counterpart. Most of the nations are in good shape. Ireland seems to be the only nation with a serious deficit who is cutting back to reduce it. Most people know that's what has to be done. The only mistake our current finance minister has made was bailing out Anglo Irish. They were that leveraged they should have been let fail. Now we are in 100 billion in debt, that's for a nation with a GDP of 35 billion.
Seano71 1 year ago
@Seano71
35 billion Euro GDP ? you must have forgot a number or two. Genuine Celtic Tiger boom, Well this genuine boom is blown.....is it not. You can't seriously claim that the sky - paper money won't fall if you keep....notice the word keep.....monetization - make money out of the printing press
johnsenkenn 1 year ago
@johnsenkenn no, the monitizing took place in the mid 90s and shortly after it lead to a massive boom. Businesses came flooding in to setup here like Intel, Dell, Hewlett Packard, Packard Bell, Wyeth, Pfizer etc. GDP in one year alone grew by 20%. This lasted until 2001 and then we got too expensive. It was genuine boom time for those 6 or so years. Then after it was just growth funded by a property bubble than eventually went out of control
Seano71 1 year ago
@johnsenkenn continue....Believe it or not, but Ireland was in a far worse situation in the past with a national debt that was eventually paid off in full. We had to have an official devaluation of the Punt, but it lead to a boom afterwards. It lead to the Celtic Tiger, the greatest boom we ever had and it was a genuine boom, not phony growth. Economists were saying the exact same things Schiff is saying now, that the sky would fall if monetization kept occuring.
Seano71 1 year ago
@johnsenkenn One more thing, Schiff fails to point out that there is one major difference between inflation and quantitative easing. With inflation all the money is flooded out onto the market at once. With quantitative easing, its kept stored in reserve if needed. That with interest rates set close to 0 for the short term allows for the fastest recovery. Think of cash as a coastal tide. When it comes in everything flourishes and you have a knock on effect, and visa versa
Seano71 1 year ago
@Seano71
No, quantitative easing simply means printing money......and inflation comes out off quantitative easing. Quantitative easing is expanding the money supply, and expanding the money supply more than the increase in productivity - value of the so-called GDP decrease the value of the paper money.
johnsenkenn 1 year ago
@johnsenkenn And to complete you sentence..... Whatever value is lost is then offest by more supply of dollars in your pocket. End result is it's a wash the net value loss Zero! These types of one sided math tricks are used to make you believe they are telling you the truth so they get you to listen to them and buy Gold. Because the money managers need to get out of thier position and they need to sell it to the uninofmrd public. In the end the public will be left holding the bag of $hit!
CitizenNumber 10 months ago
@CitizenNumber
No, the net value loss is not Zero, if inflation is counted correctly. One group there are especially hurt is the social security, if they should have followed the inflation, they should have more than twice, than they get to today. No, holding a bag of gold is not holding a bag of shit, as long the fed print a lot of paper.
kennjohnsen 10 months ago
@kennjohnsen You can rationalize all you want. The end result is the same. Any loss per dollar value MUST be offset by increased supply of dollars. If there is no increase of dollars in your pocket you cannot have inflation. No velocity of new $ thru the economy to cause inflation. You cannot have one without the other. It is impossible! Whoever has continuously bought Gold has raised their cost basis. When Gold creators The public will be left holding the Bag of $hit! Dot.com, Oil, Housing etc.
CitizenNumber 10 months ago
@CitizenNumber
Sure it's the increased supply of dollars there decrease the value of the dollars, is that not what I am saying. This increase in dollars does not necessary end up in my pocket. It does not end in the pocket of the caterpillar worker there lost 2 dollars a hour, and lose 10 % a year in buy power. And they have not ended in the pocket in the social security retiree, they have not raised social security 2010 - 2011.
kennjohnsen 10 months ago
@kennjohnsen Without supply increase in everyone's pocket you cannot have inflation. It is impossible. A lack of increased supply implies that the money never made it into the economy. Therefore no monetary inflation. If I print 100 trillion dollars and buried it in my back yard would that cause inflation? No because the money did not make its way into the economy to cause prices to rise nominally. I would have to spend it to introduce it into the economy. It is a simple concept to understand.
CitizenNumber 10 months ago
@CitizenNumber
Well there is 10 % inflation, correct. And the fed buys US bonds, probably not before long they will buy 100 %. The reason that you only have 10 % inflation is that the worlds central banks are burying US dollars in their basement. Anyway this inflation - deflation argument will soon be settled. This that there cannot be inflation without everyone get more dollars in their pocket, is obviouly wrong.....rubbish, anyone can observe that.
kennjohnsen 10 months ago
@CitizenNumber
But the money supply does not have to go up, if the GDP is falling, as it does now. And as long the fed print the dollars as madness, the commodity will keeo going up, and that goes for gold to. If the fed should raise the intetrest to 20 %.....which they will not, then commoity....gold will drop like a stone.
kennjohnsen 10 months ago
@kennjohnsen Popular misconception is that money printing caused commodities to rise. Not true! They did have a small roll but What did cause commodities to rise was Supply and demand from emerging markets. China, Dubai, Brazil, India etc. Look at Dry Baltic index. What do you think those ships were carrying? Furthermore any money printed has been offset by credit contraction. Net result Contraction of money not expansion.Revolving credit Household debt down and Personal income, savings up!
CitizenNumber 10 months ago
@CitizenNumber
Money printing does not cause commodities to rise in dollars, that's rubbish. All your emerging market is just excuses. It's not the commodities there raise, it's the dollar there are falling. And the dollar falls because you expand the dollar supply, and your GDP are falling.
kennjohnsen 10 months ago
@kennjohnsen I am sorry these are not excuses. These are documented facts. Entire cities and factories were build in a very short period of time. ie Dubai and many other cities in China and the rest of the world. Plus Katrina, tsunami etc. Plus a massive Global housing boom to go along with everything else. In order to accomplish these tasks a Massive amount of Commodities are required. (Demand and supply) I am sorry that these simple facts trump your feelings, thinking and investments. Rethink!
CitizenNumber 10 months ago
@CitizenNumber
What does that got to do with the situation to day, other than in that time they blew up a balloon, and now this balloon is blown. This was about the situation of to day, inflation.....money supply, and now you start talking about 3 years ago ? the fact is that today most folks buy power is dwindling, and most folks does not get more dollars in their pocket. The fact is that the dollar are on life support by the worlds central banks. And the fact is that there are inflation.
kennjohnsen 10 months ago
@kennjohnsen It is always much easier to be subjective emotional and use powerful but vague meaningless words ie. "most folks buy power is dwindling"! Untrue! Trying to appeal to peoples human emotions to find Justice to hard undeniable evidence is a sure sign of ignorance. To this point you have not produced a single factual rebuttal to any of my thoughtful data points except to say that money printing causes inflation and commodities to rise. Which is partially correct. Seek the truth Rethink
CitizenNumber 10 months ago
@CitizenNumber
So most peoples buy power don't dwindles, how about you do some rethinking.
kennjohnsen 10 months ago
@kennjohnsen No it does not dwindles it is a fact. Unlike 80's Today we have Phones TV's Cable in just about every room in the house. Cell Phones with internet, Txt, call waiting, ID etc Computers for every member or the house, Printers, Ink, Scanners, Fax, Internet , and min one online paid service. Leased Cars, insurance, tickets, maintenance etc. for ever legal driver in a household. $59 airfare to Florida, Caribbean etc satellite radio, GPS, Smart kitchens, pools, These things cost money!
CitizenNumber 10 months ago
@CitizenNumber
That might go for you, you are well-off. But there are certainly a lot there don't have it, or have lost it.
kennjohnsen 10 months ago
@kennjohnsen What I stated is not well off this is middle class America. Are there people with less? Sure that has always been the case. Others have more. But Think of this. Gold produces nothing. It does not mate and make little baby gold. Stocks, Business, Commercial real estate, Even over priced Bonds ( I would no buy now) but even they produce a ROI. I am not telling you to sell out completely from Gold But at these leves to take some profits is a good Idea. Not buying and raising cost AVG
CitizenNumber 10 months ago
@CitizenNumber
I don't sell gold as long the central banks keep their interest low, And I definitely not buying dollars.
kennjohnsen 10 months ago
@kennjohnsen To deny these simple Facts is ignorant. Just compare a chart from 2000 to today of "World industrial production" to "commodity prices" it a very simple chart that proves it. Furthermore "Oil" which is priced in USD dropped by more than 45% while the US was printing. If you were correct Oil would have been making new highs and trading at $500 plus today. But it's not! is it? Like I said "if I printed a 100 trillion and buried it in my back yard it would never cause inflation." Fact.
CitizenNumber 10 months ago
@CitizenNumber
Well, alright oil is one thing there are manipulated, but to say that the reason commodities prices are doubling are all manipulation, is just as wrong as saying none are. And the printed money are not buried, they are spent by the Government.....correct. These printed dollars is spent in to circulation by the state. Some of them are buried be the worlds central government, but not all, there is 10 % inflation, despite the us export a lot of it. You inflating yourself t poverty
kennjohnsen 10 months ago
@kennjohnsen I am not inflating myself I am merely stating facts. When Facts are denied then that is called ignorance. I did not create the facts nor did I create math. I never said the money is buried. That was an example that money printing alone does not cause inflation. That money had to be introduced into the economy to cause Inf. Do not twist my words. Money printed - Credit contraction = Zero money expansion. Inflation is not 10% Don't be silly. Shelter is 42% of income that is down 33%
CitizenNumber 10 months ago
@CitizenNumber
The consumer inflation is 10 %, according to John Williams. Do some rethinking.
kennjohnsen 10 months ago
@kennjohnsen Well if John Williams said it then it must be true! How dare I use logic to refute that fact. But me being me I will lose logic. 1 Home prices have deflated 33% 2. Air fare cheaper 3 if inflation was up 10% for the last 3 years. I would have lost 30% of my total buying power. I haven't I can actually buy 33% more home today then I could 3 years ago! Large ticket Items are cheaper! Wal mart Target are selling Chinese goods CHEAPER! Ikea Cheaper! Um.. I think he is 100% wrong! Rethink
CitizenNumber 10 months ago
@CitizenNumber
It's impossible for you to rethink, do you make a living of this ? then you will go broke. You refute John williams statistic ? I don't. I refute yours, the Governments. Only people there didn't have a home benefit from the lower prices.
kennjohnsen 10 months ago
@kennjohnsen You can refute Gov't data if you have facts to back it up. You can refute anything with Facts! But not guessing, emotions, and fear. That is ignorant.
People who rent homes have benefited immensely! To say they have not is simply absurd to say the least. I do make an income from this. I listen to what the markets say by listening to people who talk with their money. Not their mouths! Schiff lost 70% during the crash. What does that tell you about how much he knows? Not much!
CitizenNumber 10 months ago
@CitizenNumber
John Williams sure back his refuting of Government data up with fact, Government are liars. Even you don't believe them, do you.
kennjohnsen 10 months ago
Comment removed
CitizenNumber 10 months ago
@kennjohnsen Dollars come in two flavors. Physical and Credit. To deny credit is to deny that I can go to the super market and buy food with my credit card. Since we know I can buy with a CC that means that Physical + Credit = total money supply. If money Printed is offset by credit contraction end result is ZERO money expansion. Thus no money expansion making monetary inflation impossible. Another Fact that money printing alone does not cause inflation thus commodities went up based on S and D
CitizenNumber 10 months ago
@CitizenNumber
And what keeps the Government alive, credit from the fed, is that correct. It might be that the total dollar supply does not expand, or very little, but the GDP are contracting ?
kennjohnsen 10 months ago
@kennjohnsen To say the US is the only country to have debt is completely absurd and ignorant.
CitizenNumber 10 months ago
@CitizenNumber
The dollar still is a so-called world currency, and the worlds central banks are propping up you currency. And thereby you exports your inflation.
kennjohnsen 10 months ago
@kennjohnsen Have you ever traded the biggest markets in the world called Forex? If not I suggest that you do. The first thing you will learn is that The everything is based off the DOLLAR! Do you know why? Because the USD is the World reserve currency. Rethink again what you say. Furthermore I urge you to never bet against the dollar Based on the way you feel and think! Unless you want blow out your ! If you think Gold is going up because of the dollar devaluation I dare you to short the dollar
CitizenNumber 10 months ago
@CitizenNumber
You seem to be quite ordinary in your believe in that the dollar will be the reserve currency, for ever. and therefore you can print as many you want, and get something for nothing forever. That's obviously not possible, and in not so long a time it will show it wasn't. To short the dollar might be a good idea, I don't short any commodities as long the fed hold the interest down to zero.
kennjohnsen 10 months ago
@kennjohnsen Ok then Short the USD. You will learn real fast just how stupid the USD devaluation really is. Maybe I am "quite ordinary" in what I believe but in the end the facts do not change. Do they? No.ask yourself this. How many times have you speculated and was actually 100% right without the use of "rationalizing"? I would guess you would score the average for the population10% of the time. This is not any different. that is why I suggest you look at what "IS" not what YOU THINK will be!
CitizenNumber 10 months ago
@CitizenNumber
I don't speculate, I hold on to reality, and the reality is that the US central bank keep the interest down to zero, that's it.
kennjohnsen 10 months ago
@kennjohnsen No one was speculating either when they were buying homes at any price because God was not making any more land and housing is real unlike stocks. Please ask any of them how that went for them. Buying Gold at any price based on proven false information and beliefs will prove to be painful in the end that I have no doubt. I will gladly take your money Shorting the Dollar and buying Gold at any price. I will spend it wisely. Rest assure. Thx ahead of time.
CitizenNumber 10 months ago
@CitizenNumber
The dollar is not stable, it is propped up by the worlds central banks, and the fed keep printing, and the Government keep spending, that is not a stable situation.
kennjohnsen 10 months ago
@kennjohnsen Propped up? Really? Hm... Ok great go short the USD and see how Propped up it is. When you lose all your money I bet You will still say it was propped up but your bank account will say NOPE! It is real BUD! This is what I said before, powerful words and accusation like "Propped Up" mean absolutely nothing when you put your money where your mouth is. Reality and Facts comes at you real fast! You keep bathing in the "regionalization Sea" Watch the under toes I wish you all the best.
CitizenNumber 10 months ago
@CitizenNumber
Yes, the dollar is propped up ? is it not ?. The problem is, I don't know when this propping up end, in a collapse.
kennjohnsen 10 months ago
@kennjohnsen It will not end. These Morons you are listen to have taught you to think one dimensional. if China stops buying USD and the buy the pound instead. What will happen to our exports and UK's? Exactly increase for us an decrease for them. U think they want that? Nope! What do you think the UK will do? U got it! Buy our USD! End result USD remains constant! It will not collapse! No currency has ever collapsed Because of Money printing. Ever! Printing is the result not the Cause. Rethink!
CitizenNumber 10 months ago
@CitizenNumber
Your advises is worth a continental.
kennjohnsen 10 months ago
@kennjohnsen Honestly my friend you need to stop listening to these Idiots Fed Chairmen wanabes selling you fear and Bull$hit. You want to scare yourself go to a haunted house. You need to be level headed and unemotional to balance things correctly. The "THEY" syndrome is self imposed fear for what we cannot explain. If economics interest you spend some time doing your own research based on facts and very Simple math. If not at least listen to alternative views without getting pissed. Good luck!
CitizenNumber 10 months ago
@CitizenNumber
You need to stop listen to Bernanke and his fairy tale talk, but you don't. I listen to my self, I have learned long time ago, follow the central bank, then you will know what to do. The US central bank will keep the interest down, they don't have other choise. Therefore the dollar is doomed, and you will get what you deserve.
kennjohnsen 10 months ago
@kennjohnsen Bernanke? Why would I not try to refute him? Problem is he has been right all along. How do I know? I follow the message of the markets. Where people talk with their money not mouths emotions, guesses or fears.
FYI Gold is down year to date and US Stocks have been outperforming commodities and Emerging markets. That my friend is money talking not mouths. Why is this happening? Yup! Exactly because of Bernanke's actions not words.
CitizenNumber 10 months ago
@CitizenNumber
Sure this have happened because of Bernanke's action, printing money. That's what I said, follow the fed, what they are doing, then you will know what to do. But it's only 3 months, in the year. The future is impossible to predict exactly, lets see if this funny guy Linsey Williams got it right this time...ha...ha...
kennjohnsen 10 months ago
the guy at 14:00 keeps going on and on
halo3pro45 1 year ago
This hasnt appeared on my subscriptions page but only my home page!!! I knew i had this vid sitting here.
NicosMind 1 year ago