"averageworkinggal" does not even understand the basics of derivatives or of bonds, all she is doing is digging herself a deeper hole.
First of all an IRS is an interest rate swap not the internal revenue service.
Second of all bond prices and yields have an inverse relationship, that is a fact.
Third, it is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
Fourth, the primary reason that treasuries are being bought now is due to the fact that foreigners and institutions are swapping their worthless MBS and toxic debts for slightly less toxic treasuries.
Fifth, the so-called profit made by the Fed was outweighed by the fact that the Fed used mark-fantasy accounting rules, and continues to purchase hundreds of billions of dollars in worthless debts nonstop. That directly devalues the dollar.
I could go on and on and on, ladies and gentlemen
The guy towards the end says that a million seconds is about 12 days (which is true)... but then he says that a billion seconds is 32 years... when in fact it is less than three and a half years.
He also trys to downplay Celente's warning about the future of the US.
The male announcer says that WE dont understand numbers, yet businesses & corporations /refuse/ to hire hard scientists and engineers that do.
He says that we are all in this mess together, but the American predicament is largely one of Willful Blindness where those with Situation Awareness are ruthlessly ejected & rejected.
The great mighty US dollar bubble is about to burst since countries(Iran, Turkey, Russia, China, Gulf States, South America etc) holding massive US dollar reserves are beginning to flood the world with their depreciating dollars as a response to the Feds printing trillions of dollars to stimulate the economy and bail out collapsing banks and companies.
No, the govt. wiped out the $7.4B investment Cerberus made to buy Chrysler when Chrysler had to declare bankruptcy.
And if GMAC went under, insurance and pension companies that would have to pay people's life insurance or pension would get wiped out if GMAC went under and wiped out their investments in GMAC.
Hardly a real interview with Gerald, sounds more like she clipped parts of a phone interview and then made up questions around them. Gerald always says the same thing anyways, but when people do not listen, you are forced into repetition for emphasis...
So if we just start producing stuff & exporting new tech like energy, shouldn't we be able to print our way out if we sell enough stuff, our dollar is cheap too.
Okay I apologize. But the fact that it was done a year ago is the point. Gerald is very good at what he does and this proves it. Again, no hurt intended.
Nice recovery, that showed some class. Remember we are all on the same team here, and banding together is the only way we can overcome this assault by the international elites.
Yes they will service huge loans for commercial real estate printing trillions more and indenture the tax payers with the cost. The bankers will be given huge bonuses for managing these huge sums of money. People will have to scrape their fingers to the bone with two and three min. wage jobs college grads included. And except the new ruling class that will evolve, we will not even be able to cast our eyes in their direction without being arrested. This is not rocket science repeating history.
This comment has received too many negative votesshow
I very much agree with mister Celente but this poster with Al Gore and the "church of climatology" is crap.
Global Warming and Climate Change are a scientific fact. Like Evolution. I don´t hope you guys here on peterschiffchannel buy into this stupid nonsense about climate change being a conspiracy by climatologists to get more money. There are much easier ways to get money then this method.
You sound like a Hitler youth. Even when the evidence is exposed that global warming is a farce.
Look man I don't mind going green just not at the point of a gun via forced taxes by government. Present the argument make your case and leave people alone if they don't want to help.
You listen to Peter Schiff well so do I and the reason I do is he tells me the truth. I do not listen to Al Gore who has been caught lying time and time again.
You Krauts are being led by another Hitler. Power to control is more important than the money aspect of global warming/global cooling/climate change fraud. Cleaning things up is good. giving these crooks power over private citizens and businesses in madness. The proof is out that they have manipulated the #s. US Senate will never go along with this BS. Gore is a loser. Gore is a liar. gore got kicked out of 2 colleges. why the Hell would you listen to any thing he says. His own state didn't.
Climate change is definitely happening, question is, are anthropogenic contributions to that change significant and if so, how disasterious are they? Cap and trade is a class A scam because it doesn't even lower temps but certainly imposes huge taxes. Chairman Maobama, the Communist, loves this lie.
Scientific farce. Over 31,000 american scientists have disagreed with the "findings" of global warming. Polar bears CAN swim and so can penguins. Carbon dioxide is the building block of all life on this planet. The recently hacked e-mails of top supporters and proponents of the climate change fraud expel any and all
Some people mock Gerald because he repeats some of his lines over & over. Here is the reality some people are just waking up & need to listen. Others have been listening & well aware of what is going on. There is going to be some things that we miss and by him repeating what is important it will sink in to us. We cant count on the Govt nor the mainstream media. We all know something is wrong. So now is the time to get your families prepared. The rich dont care about you. Do the Math & be well!
This carbon trading scheme does not serve the interests of social justice. Quite the opposite. What is now being contemplated is a multibillion trade in Carbon Derivatives: the banks are slated "to make a killing" on carbon trading, with massive fraud and insider trading in the carbon trading markets. The Multibillion Trade in Carbon Derivatives, Global Research,the architect of Credit Default Swaps at JP Morgan is behind the development of a trading system in "Carbon Derivatives".
Are you talking about cap and trade? If so, I am very skeptical of it. I am for electric vehicles and pollution free energy but not another Wall Street bubble.
Yes Carbon Trading Derivatives on Wall Street. ! electric Cars , wonder if coal burning power plants can keep up? Nuclear powered electric generator plants could ? see video> Carbon Eugenics
Tim Gitner said (on Bloomberg 04-12-09) that all the banks could have failed if gov didn't step in. Protest rallys, demonstrations doesn't work, want the troops to come home? Want your voice to be heard hit them were it hurts vote with you feet take your money out of the banks!!
I'll be in the USA in June/Juli. I hope that the financial situation will be a bit better then otherwise I won't be able to even get where I am going to.
Most criminals in the U.S. are Obama supporters so if you tell them your a fan of El Diablobama they will let you keep your money and spare your life.
I believe you are correct. The same forecasters who predicted accurately what would happen in '08 & '09 are signaling an even greater disaster ahead. I don't want to see it and I wish it wasn't true.
2009 the first year of global governance and said Copenhagen is another step towards the global management of our planet.
dChinas notorious one-child policy as the desired template. modern eugenics in practice. China currently has Galton-era eugenics laws on the books which only allow pre-approved couples to marry and have children, Law of the Peoples Republic of China on Maternal and Infant Health Care states approved couples children are deemed to be inferior they are to be terminated
2010 will be a lot worse for the dollar but when ever the USofA goes bankrupt, like iceland dubai and soon greece, then we will get our new currency and slowly things may improve depending on how u look at it.
we havent even hit anywhere near bottom. we owe more money then we could ever pay off. most people i know are looking for jobs that dont exist.
Dylanthefish - Remember, collapse can be defined many ways. He says 2012 will be when it servely tanks and I believe him on that. Lindsey Williams mentioned the same time frame.
Also realize, Celente gives out TRENDS not predictions per se. Also, you should know wallstreet have so many tricks and schemes up their sleeves undreamed of to hide this collapse and to prolong it a little.
Give the guy a little break - He knows what he is talking about
Celenter is just like Schiffty Pete. Every time the facts prove him wrong he moves the goalposts.
AtlasShruggery 1 year ago
"averageworkinggal" does not even understand the basics of derivatives or of bonds, all she is doing is digging herself a deeper hole.
First of all an IRS is an interest rate swap not the internal revenue service.
Second of all bond prices and yields have an inverse relationship, that is a fact.
Third, it is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
reiser999 2 years ago
This has been flagged as spam show
Fourth, the primary reason that treasuries are being bought now is due to the fact that foreigners and institutions are swapping their worthless MBS and toxic debts for slightly less toxic treasuries.
Fifth, the so-called profit made by the Fed was outweighed by the fact that the Fed used mark-fantasy accounting rules, and continues to purchase hundreds of billions of dollars in worthless debts nonstop. That directly devalues the dollar.
I could go on and on and on, ladies and gentlemen
reiser999 2 years ago
The guy towards the end says that a million seconds is about 12 days (which is true)... but then he says that a billion seconds is 32 years... when in fact it is less than three and a half years.
He also trys to downplay Celente's warning about the future of the US.
cheekygbh 2 years ago
Comment removed
kentarofujioka 2 years ago
Cheek, better recheck your math
breckandy 2 years ago
The end note of this program is bogus.
The male announcer says that WE dont understand numbers, yet businesses & corporations /refuse/ to hire hard scientists and engineers that do.
He says that we are all in this mess together, but the American predicament is largely one of Willful Blindness where those with Situation Awareness are ruthlessly ejected & rejected.
centurion180ad 2 years ago
@musicdjs - I see you're going through life as a whackjob.
averageworkinggal 2 years ago
The great mighty US dollar bubble is about to burst since countries(Iran, Turkey, Russia, China, Gulf States, South America etc) holding massive US dollar reserves are beginning to flood the world with their depreciating dollars as a response to the Feds printing trillions of dollars to stimulate the economy and bail out collapsing banks and companies.
MrArtrigor 2 years ago
Cerebus owns Chrysler, huh Celente?
No, the govt. wiped out the $7.4B investment Cerberus made to buy Chrysler when Chrysler had to declare bankruptcy.
And if GMAC went under, insurance and pension companies that would have to pay people's life insurance or pension would get wiped out if GMAC went under and wiped out their investments in GMAC.
averageworkinggal 2 years ago
Cerberus which then received billions through Chrsyler.
All the large financial firms in the US are fundamentally insolvent. These bailouts that they have been receiving are only delaying the inevitable.
reiser999 2 years ago 2
@faller666-
You've exposed yourself completely as a TOTAL DELUSIONAL CRACKPOT.
Cerberus didn't get anything.
Their $7.4B investment in Chrysler was wiped out and the TARP money went to operational expenses to keep Chrysler running.
averageworkinggal 2 years ago
Operating expenses, Cerberus is their owner and operator by definition.
You can use juvenile humor to insult whomever you would like, but that certainly is not going to help your argument.
reiser999 2 years ago
That would make the money laundered through chrysler go to cerberus.
reiser999 2 years ago
Charles Prince, Citibank head.
Stanley Mack, Merrill Lynch head.
John Thain, Merrill Lynch head.
Dick Fuld, Lehman Brothers head.
Alan Schwartz, Bear Stearns head.
Ken Lewis, Bank of America head.
All big bank oligarchs that aren't big bank oligarchs anymore.
Lots of rich and powerful went down with the steerage folks.
averageworkinggal 2 years ago
So, Celente says all that commercial real estate debt is going to deleverage and default, huh?
That's going to cause a massive destruction of dollars from deleveraging and deflation.
The dollar is going way up.
averageworkinggal 2 years ago
Hardly a real interview with Gerald, sounds more like she clipped parts of a phone interview and then made up questions around them. Gerald always says the same thing anyways, but when people do not listen, you are forced into repetition for emphasis...
ballsofbalsa 2 years ago 2
So if we just start producing stuff & exporting new tech like energy, shouldn't we be able to print our way out if we sell enough stuff, our dollar is cheap too.
turboz1k 2 years ago
Independent media and the internet, has been the only media to give us truth.
We've been starved of truth.
UKSecretCourts 2 years ago 14
Shouldn't he say "political agnostic"
RikaKazak 2 years ago
Agnosticism is a statement about knowability. If you're agnostic about politics you don't believe politics is a knowable subject.
But of course that would be silly since it's rather easy to see that rent-seeking is the major driving force behind politicians.
soylentgreenb 2 years ago 2
Why the hell is this interview even being posted now?....it's a year old!!!!!
jarden69 2 years ago
That's the POINT stupid.
yobbos1 2 years ago
Was calling me stupid really necessary? Is that the type of person you really want to be...Mean and unloving?
jarden69 2 years ago 2
Okay I apologize. But the fact that it was done a year ago is the point. Gerald is very good at what he does and this proves it. Again, no hurt intended.
yobbos1 2 years ago 2
Nice recovery, that showed some class. Remember we are all on the same team here, and banding together is the only way we can overcome this assault by the international elites.
Cheers ;)
cashmny78 2 years ago 2
I thought calling you stupid was being a bit too kind actually.
thirdcoastguy 2 years ago
Yes they will service huge loans for commercial real estate printing trillions more and indenture the tax payers with the cost. The bankers will be given huge bonuses for managing these huge sums of money. People will have to scrape their fingers to the bone with two and three min. wage jobs college grads included. And except the new ruling class that will evolve, we will not even be able to cast our eyes in their direction without being arrested. This is not rocket science repeating history.
jobedied 2 years ago
Save the polar bears!!
hermbilliamherm18 2 years ago
I want a polar bear rug!
davenetdog 2 years ago
Five Stars*****
Crap and Trade?
It all stinks!
ABETRMAN 2 years ago 4
This comment has received too many negative votes show
I very much agree with mister Celente but this poster with Al Gore and the "church of climatology" is crap.
Global Warming and Climate Change are a scientific fact. Like Evolution. I don´t hope you guys here on peterschiffchannel buy into this stupid nonsense about climate change being a conspiracy by climatologists to get more money. There are much easier ways to get money then this method.
pcuimac 2 years ago
You sound like a Hitler youth. Even when the evidence is exposed that global warming is a farce.
Look man I don't mind going green just not at the point of a gun via forced taxes by government. Present the argument make your case and leave people alone if they don't want to help.
You listen to Peter Schiff well so do I and the reason I do is he tells me the truth. I do not listen to Al Gore who has been caught lying time and time again.
Grow up man, Al Gore is the new Goebbels.
davincij15 2 years ago 11
No I say to you and to Gore : No. It has not even been fairly debated.
robran53 2 years ago 6
You Krauts are being led by another Hitler. Power to control is more important than the money aspect of global warming/global cooling/climate change fraud. Cleaning things up is good. giving these crooks power over private citizens and businesses in madness. The proof is out that they have manipulated the #s. US Senate will never go along with this BS. Gore is a loser. Gore is a liar. gore got kicked out of 2 colleges. why the Hell would you listen to any thing he says. His own state didn't.
stevesprinceofsteaks 2 years ago 2
Al Goreleoni, Don of the Gorleoni Crime Syndicate. They should charge that fat ass fraud liar under RICO
cbronsgi 2 years ago 3
Right on my friend. But the way it is heading you and I are more likely to be called a conspiracy than that fat SOB.
stevesprinceofsteaks 2 years ago
Climate change is definitely happening, question is, are anthropogenic contributions to that change significant and if so, how disasterious are they? Cap and trade is a class A scam because it doesn't even lower temps but certainly imposes huge taxes. Chairman Maobama, the Communist, loves this lie.
cbronsgi 2 years ago 3
Scientific farce. Over 31,000 american scientists have disagreed with the "findings" of global warming. Polar bears CAN swim and so can penguins. Carbon dioxide is the building block of all life on this planet. The recently hacked e-mails of top supporters and proponents of the climate change fraud expel any and all
lucifuehrer 2 years ago 9
doubts of the global lie. 140+ jets were flown in by the bigwigs as well as 2,000 plus limos. Mass hypocrisy. Wake up fool, don't be a tool.
lucifuehrer 2 years ago 5
This is old, why post now? He's obviously speaking in late 2008. There are more recent interviews just search for them....
TMartinus 2 years ago
Some people mock Gerald because he repeats some of his lines over & over. Here is the reality some people are just waking up & need to listen. Others have been listening & well aware of what is going on. There is going to be some things that we miss and by him repeating what is important it will sink in to us. We cant count on the Govt nor the mainstream media. We all know something is wrong. So now is the time to get your families prepared. The rich dont care about you. Do the Math & be well!
just40fus 2 years ago 5
Church of climatology LOL LOL.
Melville10 2 years ago 4
This carbon trading scheme does not serve the interests of social justice. Quite the opposite. What is now being contemplated is a multibillion trade in Carbon Derivatives: the banks are slated "to make a killing" on carbon trading, with massive fraud and insider trading in the carbon trading markets. The Multibillion Trade in Carbon Derivatives, Global Research,the architect of Credit Default Swaps at JP Morgan is behind the development of a trading system in "Carbon Derivatives".
louis12346 2 years ago 3
Are you talking about cap and trade? If so, I am very skeptical of it. I am for electric vehicles and pollution free energy but not another Wall Street bubble.
Melville10 2 years ago
Yes Carbon Trading Derivatives on Wall Street. ! electric Cars , wonder if coal burning power plants can keep up? Nuclear powered electric generator plants could ? see video> Carbon Eugenics
louis12346 2 years ago
DOOOOOOMMMM!
realkingkado 2 years ago
i love to listen gerald celente over and over agian.. white shoe boys, when people have nothing left to lose they lose it...
dominicjan 2 years ago
the bear stern gang...the merrill lynch mob...he did do the holiday song this time at least
NOSYRB10656 2 years ago
Read my lips. No new taxes. I didnt have sex with that woman, Monica Lewinski.
I smoked but I didnt inhale. Saddam Hussein has weapons of mass destruction and ties to Al-Qaeda. LOL
kryogenikz 2 years ago 2
Tim Gitner said (on Bloomberg 04-12-09) that all the banks could have failed if gov didn't step in. Protest rallys, demonstrations doesn't work, want the troops to come home? Want your voice to be heard hit them were it hurts vote with you feet take your money out of the banks!!
balloo333 2 years ago 7
I agree. This is OLD.
loveguitars 2 years ago
I'll be in the USA in June/Juli. I hope that the financial situation will be a bit better then otherwise I won't be able to even get where I am going to.
AmersfoortTristan 2 years ago
Most criminals in the U.S. are Obama supporters so if you tell them your a fan of El Diablobama they will let you keep your money and spare your life.
thirdcoastguy 2 years ago
Well. I can't blame the crooks then. At least in this country the liberals protect the criminals against the victims.
AmersfoortTristan 2 years ago
this is old
Mojo1982 2 years ago
You live more than once.
edmack4me 2 years ago
I love benanke in the back
RogueSwordThesco 2 years ago 2
This is from December of 2008, not of 2009
dv2012 2 years ago
It doesn't matter, it can apply for today as well.
smasila 2 years ago
we havent seen nothing yet
donniebrasco24 2 years ago 3
I believe you are correct. The same forecasters who predicted accurately what would happen in '08 & '09 are signaling an even greater disaster ahead. I don't want to see it and I wish it wasn't true.
ElmerJFudd7 2 years ago 4
2009 the first year of global governance and said Copenhagen is another step towards the global management of our planet.
dChinas notorious one-child policy as the desired template. modern eugenics in practice. China currently has Galton-era eugenics laws on the books which only allow pre-approved couples to marry and have children, Law of the Peoples Republic of China on Maternal and Infant Health Care states approved couples children are deemed to be inferior they are to be terminated
louis12346 2 years ago 3
well, that's socialism in full view.
grraadd 2 years ago
2010 will be a lot worse for the dollar but when ever the USofA goes bankrupt, like iceland dubai and soon greece, then we will get our new currency and slowly things may improve depending on how u look at it.
we havent even hit anywhere near bottom. we owe more money then we could ever pay off. most people i know are looking for jobs that dont exist.
we work so we can be slaves.
fixed92 2 years ago 9
If the powers that be are also removed somehow and we don't go cashless then things might go up from here.
1TheTruthChannel1 2 years ago
This comment has received too many negative votes show
I'm still waiting for the collapse of 2009 ... I suppose he has 20 days left!!
dylanthefish 2 years ago
The collapse happened back in march.
They flooded the market with dollars, hence why the dollar is worth less.
Vunks2000 2 years ago 9
Its feeling pretty collapsish in here.
FlailingJunk 2 years ago 13
lol :)
vinny1010 2 years ago
Dylanthefish - Remember, collapse can be defined many ways. He says 2012 will be when it servely tanks and I believe him on that. Lindsey Williams mentioned the same time frame.
Also realize, Celente gives out TRENDS not predictions per se. Also, you should know wallstreet have so many tricks and schemes up their sleeves undreamed of to hide this collapse and to prolong it a little.
Give the guy a little break - He knows what he is talking about
vinny1010 2 years ago 6
Perhaps because it was set off and happened in 2008.
Maybe you were too busy to notice how much your dollars have been devalued in the interim.
maskedphrogg 2 years ago
cool.
KhmerD0g 2 years ago