Double Dip Storms & Tornadoes: Economic Meltdown?

[BigBrightBlueBox]

Glad you're back jr. Great video as always. I started following you back when you were vlogging about social networks. Thanks for sharing your thoughts, I find you very interesting.

[jrsnyderjr]

@BigBrightBlueBox Thanks for the compliment and commenting...I appreciate the long time support.

[illegalsmilereturns]

Out of control. Good video bro.

[jrsnyderjr]

@illegalsmilereturns Thanks Dan...it may be out of control but a positive attitude goes a long way.

[TamHickey67]

What a wonderful video. It's the same here in the UK and it's now getting to the point where we really won't put up with this crap for much longer. Personally? I would love to see revolutions in the West where we, the disenfrachised hve a voice.

[jrsnyderjr]

@TamHickey67 Thanks Tam...I think the point where the immovable meets the unstoppable is coming sooner than the status quo thinks. Even during the seventies, which I found to be a far worse era in the UK than in the US (since I experienced both), I don't recall as many people of different stripes feel so disenfranchised as now. People never tossed the word "revolution" around as much as they are now and it's not jingo talk either.

[7anby]

To print a trillion dollars and throw them out into the US economy is a treasonous act to my eyes. To forgive "big banks" for doing what the government basically forced them to do is the same thing.

I'm going to shut up after saying this: I love this country and I wonder who will stop the rain.

great video, JR.

[jrsnyderjr]

@7anby As they say in the South..."preach on brother."

I think the doom is being sped up as we speak, all the better to begin rising above the situation sooner and creating new ways of doing things.

Thanks for your comments and watching Mike! Great thoughts from you!

[7anby]

I hate the media more than anything, I think. They're nothing but entrenched liars and manipulators, whatever side they seem to be on. I think if you love this country, there aren't sides anymore. There's the US and the people who want to save it, and there's the people who don't.

The stock market is-and I say this with some small knowledge-obviously propped up by something. It's put forth as the thing we should believe in, but it's based on nothing...

[jrsnyderjr]

@7anby I think old media and old market thinking is dying and is doing everything it can to gasp for air. THe best thing is to ignore it.

My belief is that this country will no longer be divided by class, former political affiliations or whatever. It will be as you say, there are people who will want to save the US from the destruction by the current characters and those who don't and still want to be spoon fed. I also think it will be those who endure and remain optimistic and those who don't.

[7anby]

@jrsnyderjr I love that you mentioned optimism because though I might not sound like I am, I am. I long for the shit to hit the fan; I expect to feel less lonely about a minute after it does.

[7anby]

I think what you say here is absolutely right...I know I say that a lot, but I always mean it.

I look around me and I see people who don't worry, who seem to care about nothing but fads. I know this isn't the total state of things but it bugs me. Then I think about the media (whichever side it seems to be on) crowing about stock market gains and gathering anyone who can speak to "debate" health care or any other issue.

[jrsnyderjr]

@7anby People who are into fads always fade and won't hold up in this New Economy if they are spending credit or loose money. Those days are over although I think this Administration is going to try for another push at reviving the Old Economy...there is an election coming up after all and campaign season has started. Which is also why the media also is pushing a false economy, with unrealistic market gains bubbled up by only a few fund managers, not a wide segment of investors. It's doomed.

[7anby]

@jrsnyderjr I hope its doom is realized sooner than later. It seems crazy to wish pain on people but I do. I wish it on myself, too; I think we need a gigantic kick in the ass from Patrick Henry, and I don't see that happening without a lot of shared financial pain. This is way beyond taking sides in any political thing. Seems that way to me anyway.

[Maiyanna]

On a positive note, Ron Paul is running for president. ;)

[jrsnyderjr]

@Maiyanna That is positive! He was on Diane Rehm's show and talked about what I argued on YT in 2008 and was considered a whacko. Segments of the left and libertarians have a lot in common and he works with some of them in Congress on points they agree on. I think the common theme is both believe the current system has failed and we need to let it crash and move on. The difference is what the solutions are. Still...I think that coalition would benefit breaking down the entrenched politicians.

[jrsnyderjr]

@Maiyanna ...and no I'm not surprised you think Ron Paul running for President is a positive note. It was a matter of time ;~}

[Maiyanna]

@jrsnyderjr - Naturally, I don't agree with him on all issues. He is however, an honest man, that genuinely cares about this country.

Also, he's far more consistent than most others. There's something to said for a politician that doesn't waver from what they claim to believe in and stand for.

[jrsnyderjr]

@Maiyanna I think you've hit on his greatest asset. He's unlikely to win, especially if he went third party, but he represents to a lot of people what a long term consistent honest position is in a politician. That is more important than his views right now, people are looking for someone who states what they believe no matter what. In that sense he's giving many people, especially younger ones who may later run themselves, the hope that it is possible to be honest and long term.

[jrsnyderjr]

@Maiyanna I don't agree with him totally either. I've been following Ron Paul since the 80s, when no one had heard of him outside of his District, except for those people who believed in Second Amendment Rights and the principles of "life, lberty and the pursuit of happiness" and going back to the US Constitution. In those days you were considered off the reservation for thinking that way. In the 90s you were just a gun nut. By the middle of the last decade is when that started turning around.

[Maiyanna]

Excellent vlog! Prior to the 2008 collapse, I had been thinking for several years that something was going to happen. When you see so many living on borrowed time, you know the bill must eventually come due.

This time, I just don't know? The Fed and government are master can kickers... but, at some point, probably soon, it will all come to screeching halt.

At any rate, you're right, there is no quick fix. cont...

[jrsnyderjr]

@Maiyanna I love that "master can kickers" line and will use it! They can only pump life into a dying system for so long, although Geithner and Bernanke are determined to try with Obama's blessing. I believe they will continue to print money in an effort to keep the market alive but it will actually cause the reverse of what they want.

As individuals I think we need to remain strong; that is what will separate Americans more than money and class. Those who want to move on and those who don't.

[Perroquet51]

I have long felt that the current system was doomed to fail. Much of the economy depends on new construction, but how much new construction can we actually use? We have new buildings in this town that sit empty. If they do become occupied, other buildings lose tenants. Older homes become unwanted and fall apart. Furthermore, new construction uses more and more land requiring more new roads. Where is the money coming from? Partly from money that should be spent on the infrastructure.

[jrsnyderjr]

@Perroquet51 Very astute comment Marc. I have lived with boom for so long that I thought it was only in AZ, Vegas, CA and FL only to find out these past few years that it is endemic to a lot of the country. I'm surprised at the English also, when I was a kid they would strip a building down and rebuild it rather than build a suburb or office park. They've fallen into the same trap. I do think they're dealing with the reality of a failing system. Americans live in an unreal fairyland.

[popparoc46]

Let's just hope it doesn't happen, JR! I try to be positive, but I tend to think we will need to hit rock-bottom before concrete (and maybe difficult) solutions are found. I worry about the state of the world ten years from now and my grandchildren's future. And it frustrates me that I have no control over the future. - roc

[jrsnyderjr]

@popparoc46 Thinking positive is what keeps us going and I tend to also believe we'll hit rock bottom before there is a turnaround and difficult solutions are found. It will be in about 5 years and my hope is that my nephews and younger cousins, as well as your grandchildren, will have a chance to rebuild and have successes of their own. You're right, we don't have control over the future, knowing that is half the battle I think to keep us mentally afloat. Thanks for watching and commenting roc!

[GreatGig1]

As more and more jobs are automated, then what? I think we are seeing the beginning of the collapse of this system! As things are automated and people don't have jobs, then who buys the crap that keeps this system alive?? Time to try something else! I think capitalism is seeing it's end days and we, humanity, are caught in the middle of a failing system.

I can't change anything but trying to get self-sustaining. I say buy cases of spam! We will be trading in food and water soon! :-)

[jrsnyderjr]

@GreatGig1 I agree with you and think that the system ultimately collapses, it can only stay on life-support for so long. As for capitalism, we don't have real capitalism and haven't since the Industrial Revolution really. What comes next I'm not sure but there are lessons from history.

It really is all about becoming self-sustaining, mutual help and figuring out new ways to do things and as you state, trying something else. Thanks for stopping by Caylyn and adding your thoughts!

[twish1999]

Excellent vlog JR.... people here are selling their gold, not buying it... everyone's short of cash.. people who have for years and years lived on credit and finally finding they can no longer get it and are having to re-pay the huge debts they have run up..

i see restaurants and cinemas and entertainment venues close down as people concentrate on what they really need, ie pay the rent or the mortgage, put petrol in their cars, and at £1.39 per litre that would be £70.00 to fill your tank

[jrsnyderjr]

@twish1999 Thanks Twish...people are selling their personal gold such as jewelry also as well as having garage and yard sales. I predicted that a lot of small businesses and others would close in 2009 and they did, now it's happening again to those that were left. Our "Big Box" chains that were almost institutions have been closing.

Debt always has a price, you have to pay it back some day. There's an amazing amount of people who think the debt will be forgiven and we'll all go back to zero.

[robertpina99]

This is not the hope and change I had in mind.

[jrsnyderjr]

@robertpina99 It isn't for me either Robert. I think that people will have to be determined to stay psychologically sound and make the best of whatever their situation is and work at not being discouraged. It requires effort on some days but I don't want to fall into that trap. I do wonder where we go from here but I realize I have no control over it.

How are you doing?

[yellowgroove]

i invested in gold a long time ago, yes, its real high right now... $ 1500 / oz so gold seems the logical investment for us that can afford it...don't get me wrong, if you don't have a good positive income stream, don't buy gold, focus on priorities, but if you have the means, my goodness, invest in gold now...

[jrsnyderjr]

@yellowgroove When all this paper currency becomes more and more meaningless the country will go back to the gold standard but it will probably be another 5 years before people wake up. I wouldn't buy gold now either, although a fistful of silver dollars may come in handy in the interim and the average guy still can afford that right now.

[yellowgroove]

@jrsnyderjr i still will back and buy gold but look at the EURO, just a thought... markets come and go but it takes an expert to know which is doing which and who is going where... it gets complicated for the average person or first time investor... if you are a green horn ( first time investor) and your income is under 100k / yr, don't invest, focus on real issues, not investments....

[jrsnyderjr]

@yellowgroove The entire world is going headlong into a currency crisis, everyone is overleveraged and currencies are being devalued. The markets are tricky but lots of people were fooled by the dot.com bubble and the run up to 2008 that the stock market always makes money.

If by real issues you mean be self- sufficient, stay solvent, maintain a healthy body and mind and so on, I get that.

[yellowgroove]

@jrsnyderjr i say do what you can do but by no means, go outside your financial bubble.... if you can buy gold as an investment, then do it, but if yo can't afford more than 10 ounces, don't bother, focus on cheaper futures... in a nut shell, only invest in what you can afford to lose if the market goes to hell in a hand basket, but if you have leverage and a little stockpile(s) , then go all in... just be careful and don't go outside your bubble if that makes sense... i'm not an expert

[yellowgroove]

lower the economy goes the more i make...

[jrsnyderjr]

@yellowgroove You must be short in the stock market market or bought gold, silver and commodities when they were cheap...