Getting out of the Dollar is part of preparing for 2012!

[felixmarbles]

oh my, you got me clapping with joy to myself. your so right. its grate that you will continue to share this. i just hope more will understand and start seeing instead of giggling like children thinking its a joke.

[Pro2NERD16]

i swear if this is fake im going to jizz on everyone

[skeight976]

check out Venus Project, Atlas City, and the New Z-Land Project resourced based economy is the way to go. check em out

[TheCashistrash]

As far as I can see major problems arose around the time of the dotcom bubble that popped around 1999 which later resulted in the Y2K to try to boost the technology sector. Around 2001 the technology crash resulted. To boost the economy the real estate market was inflated. that popped in 2008 then the derivates market popped in 2009. The government is creating another bubble this is the dollars bubble. This bubble will pop probably around 2012

[MW2772]

I believe the dollar is on its way out, however it will likely be a more gradual decline.

[number1raider1993]

i thot this was a golf video....ftw

[jmallton]

Some of you people evidently comment on financial markets without ever doing a lick of study.

When the dollar falls the price of gold rises. If the value of the dollar rises the price of gold falls. It has been this way for decades.

[dave777blaster]

Gold is just about at the selling point

most will tell you that gold will keep going up for a long time.

I believe gold is approaching the selling point.

over the next year may be 2 on the outside.

gold will dive deep and fast as the countries in the world go bankrupt they will sell their gold reserves to stay afloat .

When the dollar finally goes Expect gold to dive as the sell off will be extremely strong.

So be wary

[creamrising]

It's not the beginning of the end for gold (and silver) it's the end of the beginning. You sell now you'll forever regret your decision.

[dave777blaster]

not now when the dollar collapses it isn't there yet

when ever the dollar collapses gold will dive

[positivegirl73]

what should I do with my 401k should I cash out take the penalties and taxes and buy physical gold and silver? I am very confused on this...please help....

[chadgresham]

I would think so. The dollar is going to tank positivegirl get into real assets. The only real assets are gold and silver. Right now silver is the thing to buy do your research. (:

[cheeple]

Do both, but keep the amount you invest in your 401k to a minimum, around 6%

[sterlingyen]

this guy is making it worse. the dollar is going to crash because of these kind of information. it will crash sometime but let just say if dollar crash they is going to serious consequences maybe a depression. china will struggle to meet its economic pilicies and so on.... all i can say is ppl have to just be careful...

[GuildF40]

I am not even in the USA and I am swapping pounds for gold and silver. When this hits it will be global.

Great vid mate

BUCKLE UP PEOPLE

[EvilResult]

The current bubble we are dealing with is the dollar...boom. Just consider how far the value of stocks fell, this could be equivalent with the dollar. I expect at least a 40 - 50% initial drop in dollar value. The people 'holding the bag' in the end are going to be the people who don't have the means in which to turn their dollars into real assets as inflation destroys what left in their savings.

[tim3687]

You got that shot right.

[Growby10]

great video brother! I hope to connect w/ you later this week.

Thanks and talk to you soon!

Harry

[florgat91]

short term, there will be a BIG dollar rally, as stocks drop this fall .. just like last year, Dollar will be king for awhile with big drops in gold/silver - longer term (2011) PM's will be up, dollar drop -- but for now KING DOLLAR !

[drutter]

Great video Derek, you sure have a lot of conviction and you put in good effort into making videos consistently. I think you're reaching a lot of people and providing a lot of good information and topics for thought. Thank you.

Did you get my message a few nights ago?

[loopfreestyler]

I agree for the ETF but what do you think about the silver certificate: like silvq on the swiss market?

[endlessmountain]

i am not farmiliar with the swiss market. I would trust that country over almost every single on with monetary policies.

[vince4782]

do you believe the rockefellers of this world engineered this crisis or they are victim of it

[endlessmountain]

i use the world powers that be and I do think they engineer this to the best of their abilities.

[Ubreako]

converting everthing in to gold and silver is not realistic. you still need fiat currency to do stuff.

[endlessmountain]

of course, but how many have a massive amount in fiat currency. That is horrible strategy. A mixed bag is good and I never once said to GET COMPLETELY OUT of the DOLLAR yet, but if you take ALL/MOST of your money out of banks, you should still have paper money to buy things with when needed.

[Frequencitee]

Agreed. I spoke with a millionaire, which is rare for me, but I told him what I am doing and why ...it's up to him to make a decision about why and when.

But, he seemed like a pretty easy guy to do business with...so knowing what I know or perceive, of course I would tell someone who probably isn't sitting at home watching this or related videos.

[Frequencitee]

-Derek

There is still a disconnect in the semantic value of "deflation" as an economic measure of the money supply and deflationary price levels. I wish there were a way to discuss oversupply of goods (deflation in prices) that sellers want to move vs. inflationary prices due to greater costs associated with:

a) a release of the money parked with the Fed

b) borrowing money at a higher interest rate

c) increased prices of shipping due to fuel related price increases

d) scarcity

[Frequencitee]

But for all intent and purpose I am out of the dollar and into Silver and other hard assets that can be traded or bartered. Bartering is and has been a solid gray market, since the inception of Craigslist. There are huge amounts of Gold to be mined on Craigslist, if a person is willing to work for it and think a little different.

[buffett1000]

Keep it up Derek. Agreed 100%. Gold miners is where its at. I have both physical gold and miner shares.

The bailout bubble is VERY real and the effects will be catastrophic for the dollar, I 100% agree.

You don't know if its weeks Derek.

That's the whole thing. No one knows when, but we do know its going to happen.

[Billpete002]

I don't put in any faith in the Mayan calendar (I've read several articles on both sides of the spectrum)

But I do agree 100% gold, gold stocks, and gold contracts are were 'informed' people need to be. They will be going up with the second wave of foreclosures coming (Alt-A & Option ARM loans).

The market is reflecting this with continued skepticism.

[endlessmountain]

If you dont have faith in the mayan calendar, then you have been getting false info on the mayan calendar and/or closed door.

Saying you dont have faith in this code of consciousness i like saying you dont have faith in the harlem globetrotters in winning games.

[gombet]

You make a lot of sense and it seems it all leads to one place as you say so. The writing is on the wall.

[brendandylanmaloney]

I love the herb garden behind you.

[slobomotion]

Solid.

[jlee4520]

Derek,

Why do you think will occur in weeks instead of months or years? Is it due to the Mayan calendar or technicals? If we have another financial meltdown (bursting of the bailout bubble) this year, I think the deflationary pressures will be too strong for a dollar collapse.

[endlessmountain]

Most of it is due to the consciousness of this calendar. When Webbot says the death of the dollar is a one year+ death, this makes sense as the next big shift will take place near the end of 2010 and into 2011

[Doenietmeermee]

gold trades with + 15-20% on years contracts for weeks now.....

[FarahWonderland7]

9/9/09?  They seem to like September.

[leebog31]

Try and help each other out in the community. Bartering will be real popular.

[leebog31]

I say screw the banks and dept! This is survival people. You can stay in your house for more than 8 months before they foreclose on you if you are strapped for cash. Use the money to get food and water. Then get stuff for trading like metals, alcohol, cigarettes. Everyone will be poor and in dept so fuck the bills.

[slobomotion]

Debt.

Parsnips.

[goscott4]

True hero's are people that try to save others by warning them...but the Sheeple are out to pasture! sad

Thanks, I'm getting ready!

[harveybirdmannequin]

A bank run would the greatest form of debt monetization and it would be more painful that what the Fed is doing now with T-bills/bonds which is how the gold and commodity prices are being manipulated.

The overwhelming amount of money is digital debt and a run on the bank would monetize it and bring it into the real economy which would really to an extreme degree ramp up inflation to Zimbabwean levels.

[frontier1701]

I will be very interested to see what happens when the FDIC makes their solvency announcement later this week

[kymopar]

what should i do?..i have a monthly house pmt..i have enough cash to pay it a year in advance..would that be a good idea?

[endlessmountain]

If you can get out of debt and/or improve the credit situation you have that will be good. I wouldn't pay a full year in advanced however (but its your choice)

The key is to be able to make money/assets along the way as I am unsure how the housing market is going to continue to evolve and inflation could bring interest rates up.

[whiskerchild]

Thanks for the info.

[jlee4520]

Great video Derek!

[BabybooR33]

i agree.. 'weeks', not 'months' left . . .

[Kaseypink123]

Thank you for your important messages. Also, I love your peaceful and calm surroundings...it helps to put your message into perspective in a way I'm not sure how to explain. Thank you :)

[ozwasp]

You're a smart guy, but let yourself down by being a 2012 nut.

[brendandylanmaloney]

I dont know if you are educated about 2012 . If you arent , you should study it before you make comments.

[ozwasp]

The Mayan calender and web bots???

Is there anything substantial that you can give me? I'd like to know more

[endlessmountain]

Webbot is at YT User Webbotproject

Mayan Calendar information I would recommend the videos I made in 2008 and into 2009 that explain it well along with Ian Lungold series.

[emmaus9]

I would love to see a run on the banks, as you mentioned in your vid. That would be a sure-fire way to cause great pain for the banksters.

[SamuraiCommando]

How come silver and gold are not going up in relation to the value of the US dollar? Everyone just says manipulation but how can you manipulate the prices without buying physical?

[chromedreamz]

lets see, Gold was $250 an ounce 10 yrs ago, went to $1000 in march 2008, then we just printed a few Trillion dollars and Gold is less than $1000, Go figure-a million theories and no real answers-its more than manipulation i'm sure, well i think

[controlpopulation]

Because some oversight committee is letting them get away with it. Its been said a few banks have many millions of dollars in shorts on Silver, hence its stagnate price. Can't remember the figure but I'm sure someone here can.

[machinenation]

I think you're dead right that goods which are in high demand will skyrocket - if that's what you are saying. When though and for how long. I'd guess that metals might start to collapse too though - maybe for a while in the beginning of the End. If it ends.

Good sound in your video by the way.

[endlessmountain]

We have already seen the increase in such items like food and oil which has got a lot higher this past decade and year.

[dwfierce]

Thanks Derek

[hj58s7g]

Why would there be a run on the banks? 95% of my transactions are digital. If most people are like me, then very few people would need paper money.

[Eraser7622]

It is not about transactions when it comes to a "run" on the banks. It is about preservation of wealth. Unfortunately, most people measure their wealth in paper assets, which is the problem. Whether it be a run on the banks or a run on the dollar (similar, but not synonymous) it will be about people trying to convert their collapsing dollars, etc into real assets while there is still any purchase power left. That is why.

[kalatuppi]

@hj58s7g - a bank run is not about paper money. People loose trust and take their money out of the bank - also by digital transactions..

[hj58s7g]

Thanks for the link --Kalatuppi

[RodneyHampton]

Another excellent video from endlessmountain. Thank you.

[edpozek]

Hey man, thanks for making these videos I can tell you have a good grasp on what's going on. I look forward to your future vids. Take care man.

[1mealperday]

am permanently alive as it is.

[honestybestpolicy]

I have an idea. let's ascend out of these ideas of money, religion, politics. let's create a peaceful, happy, abundant planet so we can end the space quarantine, meet with our space brothers and sisters, and experience 3,000 year lifespans. Any takers?

[GalaxySmith18]

Seems like a good idea...

[EntouchNetwork]

it's coming!!