unfortunately the older generation for what ever reasons, made bad investments and got sucked into entitlement programs without foresight and funding.the productive sector of the economy are expected to prop up the failed model while the next generation recognize the fiat system for what it is,eliminating any motivation to save.
@Scope for sure... they are staying put at this stage in the game. they would love a 3% return on their hard earned income. what an f'n joke this country has become.
i have no clue how my grandparents survive on their limited income and cd returns... you would think th smartest thing for them to do is invest in silver. the problem is you can't use silver to buy shit and pay for bills. if they go back into markets they have to get out once they see a 15-20% return on their $.
@Mr2pacforya i would NOT allow them back in market have hang back for a bit and see if rates come back sooner than that liar (Benni never been rite OR told truth?) says ... i could see the 10 year back to 3% and i guess that all they can hope for short term
Eat dog food in the 70's as a kid and I can tell you Doctor Ballard's Beef Stew was great as long as you could heat it up wasn't that lucky all the time though.
Wouldn't want to eat it now though, shit the human food is poison now so what are they now putting in the dog food.
Just think all those seniors you financially coached now are eating poison dog food off the back of couldn't get cash for clunkers rusted crap vehicle.
Amen on hypothetical interest rates run on the financial products back in the day. I can remember running 10-15% annual return rates on flexible annuities and life insurance scenarios just so they would appear to benefit the customer, meanwhile masking the huge cuts taken by the financial company. Obviously we came nowhere close to that for anything like the term of the contracts.
frick n a man, look at the car sales, 0% rates, 0% down, 2-5k discount, no payments for 30-60 days. hell even skip a payment. all to move over priced units off the lots.
tkx g.... you are right... many were/will be hurt by this.... i started out teaching my boys to save... they were so excited to see their little bits growing by 3%... was very hard when i had to say i was wrong and to start to reteach... we are all relearning together sailing in uncharted waters... ((hugs))
Zero% interest rates for eternity GREAY for their zero% Treasuries so they can run up as much debt as they want and dont have to pay it back, and ZIRP also great for their bubble stock manipulation....and its DEATH for anyone who wants to save or lives off savings....its GENOCIDE.
@LuminousViews NOT SURE bout many/much of your comments but 4 what its worth i am VERY short US tres bonds (mostly 5 years) at 0.71% playin regression or reality ... if that helps = i WILL get paid its NOT IF but WHEN!
@SCOPELABS ....."VERY short US tres bonds (mostly 5 years) at 0.71% playin regression or reality ..."
lol dude that regression/reality trade has not been workin' for us, lol. I was hedged on the short 30T's down to about 3.4%. We got back to 2.8% from 2008 and we've held so far at 3%. I'm a patient guy but this trade is grinding my fucking ass. If it is indeed a matter of "when" and I think it is, then all I want to know is the 'when" going to be for me or my kids lol :-) Ah 1980's
@LuminousViews "Fuking leach" wow fell on my sword ? i was playing grown up after missing ALL of high school and university and put on suit and tie and thought i was dong right thing listening to what "they" said to do for a while THEN i realised "THEY" were wrong and FUCKING over people so i stopped that ... then NOW i share this info for free to who is left IF that makes me a bad person i guess u r rite... _G
In a matter of short time following, 3/3's of the world will be living off $3 a day - I mean 1/10 an ounce of Silver - just like the average Roman soldier or Irish immigrant in history.
Feel free to post this and take credit for the obvious outcome a stoned high school drop out came up with.
What will be great is when smart guys like you and Bernanke are only gonna have the ears of each other to speak into - provided your heads are still attached to your bodies.
Where you been? The war between speculators and savers has been on for years.
Can I tell ya what you are going to make your next revelatory video about?
2/3's of the planets population lives on $2-$3 a day. The world's second largest market is the black market. When Gold hits $3,100 an ounce it will be cheaper to ship Gold rather than $100 dollar bills in large quantity.
In a matter of short time following, 3/3's of the world will be living off $3 a day - I mean 1/10 an ounce of Silver
I have a hard time believing the Bernank is inept at his job. I truly believe he is blatantly decieving the congress and the people. He doesn't have to answer to anyone, but the shareholders.
@jocknomore its NOt doing me ANY favors! IF i could like what we THOUGhT in late 8os early 90s buy Govt bonds at 8% i could really relax with my cash take -0- risk! sell my metals even and not lift a finger and make $4-500kafter tax ho hum
Up to this point, I've seen the Fed Chairman speaking as the main tool for volatility instigation. But going by the Fed's own mission as a "Lender of last resort", how long can we stretch out the "last resort" with interest at 0 without seeing the writing on the wall? This policy of "priming the well" through increased currency liquidation, is in my opinion, nothing more than a retarded attempt at the tail trying to wag the dog.
@lambdog76 o i think the tall waggin tail waggin tail Goldman and a few BIG names make me think the conspiracy folks have a little truth to every rumor? -G
Good stuff scope just a matter of time and he is gonna float money out of his helicopter again on fullspeed. Check the m2 money supply what changed nothing look the gdp to debt it is fucking insane q3 comming but first shake some as ussually then all print till whe say it is enough and then what .. Ingmar
However, when it comes to things BB can control? Interest rates are one. :D But since we know BB sets his plans to satiate the lies he tells, it is invariably true that BB will end up changing his policy again, when reality smashes into the false world view his financial strategies are built around. So we could see 0. But it is likely we might go the way of Europe, soon, and interest rates will much higher.
This is very true. If one were to make a prediction, they could reliably use the statements by Ben Bernanke to make informed decisions as to what not do to. Invariably, it will not tell the person exactly what to do, but rather, what will collapse or increase. Ben Bernanke says gold isn't money and paper is money? Thus we can know what money actually is and isn't.
So what's the scoops, Scope? What should we do with meager savings? Buy gold? How do you see the next 5 - 10 years? Is long-term (20 - 30 yr) food storage (dehydrated/freeze dried) a good bet now (1 yr supply approx. $2 - $3k)?
@SCOPELABS You are wrong in one very important thing and that is the fact that the words that come out of Ben Bernanke's mouth are not garbage because he always tells you with 100% certainty what will actually happen. If that mother fucker says "tomorrow it will rain" then you better get your sun screen ready if you get my point.
Old people?? they've seen their houses go to preposterously high prices, they have healthcare and welfare given to them buy indebting the young and unborn...screw the old people what about the young people!!!
@theMAXILOPEZpsycho Because we have to break the cycle of greed. We have to break the chain. If we can do it, we'll be the greatest generation ever. A good tribe is multi-generational and a person can wake up at any age.
The video production is fine. The current game, as I understand it: Lower interest rates and devalue the currency against foreign debt. Use the resulting inflation to deplete savings. Then tax all the profits and finally, raise interest rates again while switching to electronic currency.
Some communities are building resource 'greenhouses' to network support for the elderly. Well intentioned entrepreneurs do step up.
good vid man. the bernanke ensures higher precious metal prices with these negative real interest rates. i'm loving it. now for the next joke, facebook ipo
unfortunately the older generation for what ever reasons, made bad investments and got sucked into entitlement programs without foresight and funding.the productive sector of the economy are expected to prop up the failed model while the next generation recognize the fiat system for what it is,eliminating any motivation to save.
miserkocho 1 week ago
@Scope for sure... they are staying put at this stage in the game. they would love a 3% return on their hard earned income. what an f'n joke this country has become.
Mr2pacforya 1 week ago
i have no clue how my grandparents survive on their limited income and cd returns... you would think th smartest thing for them to do is invest in silver. the problem is you can't use silver to buy shit and pay for bills. if they go back into markets they have to get out once they see a 15-20% return on their $.
Mr2pacforya 1 week ago
@Mr2pacforya i would NOT allow them back in market have hang back for a bit and see if rates come back sooner than that liar (Benni never been rite OR told truth?) says ... i could see the 10 year back to 3% and i guess that all they can hope for short term
SCOPELABS 1 week ago
bernanke cannot tell the truth - he is in a political position - he would get fired if he told the truth and the markets would implode
darrenandsandysmith 3 weeks ago
Thanks Greg.
73cupcake 3 weeks ago
Do the math 1 million seconds = 12 days, 1 billion seconds =32 years, 1 trillion seconds=32,000 YEARS
This game is over time to change somthing
gavazzfromoz 3 weeks ago
Eat dog food in the 70's as a kid and I can tell you Doctor Ballard's Beef Stew was great as long as you could heat it up wasn't that lucky all the time though.
Wouldn't want to eat it now though, shit the human food is poison now so what are they now putting in the dog food.
Just think all those seniors you financially coached now are eating poison dog food off the back of couldn't get cash for clunkers rusted crap vehicle.
moviematcanada 3 weeks ago
Still short the long end myself. I'm just sitting here and wasting my time on that trade evidently. lol.
We'll see, I'll hang around for a while longer as it's not gotten any worse for the past 4-5 months.
I'll be happy with 4% at the long end. I'd take some off the table there.
TheRonDoe 3 weeks ago
Amen on hypothetical interest rates run on the financial products back in the day. I can remember running 10-15% annual return rates on flexible annuities and life insurance scenarios just so they would appear to benefit the customer, meanwhile masking the huge cuts taken by the financial company. Obviously we came nowhere close to that for anything like the term of the contracts.
Good vid G, thanks for posting.
NAVYGOLDEIGHTFOUR 3 weeks ago
frick n a man, look at the car sales, 0% rates, 0% down, 2-5k discount, no payments for 30-60 days. hell even skip a payment. all to move over priced units off the lots.
MrCheckitout123 3 weeks ago
@MrCheckitout123
Where's THAT deal?
vivaloriflamme 3 weeks ago
Jew Rocks ='s Diamonds.
Gold ='s Money + Asset with no Counter Party Risk!
Silver ='s out perform Gold! and more scarse than Gold! and cleans your drinking water!
Scope! Thanks for keeping it real! The FED is Evil! No one should mess with Grandma!
Come by Zerohedge and hang out! seriously!! it will do you well to be around like minded people!
God Bless You and Yours!
JWnFL 3 weeks ago
SCOPES IS BACCCK!!!
kcrone1 3 weeks ago
Thumbs up. Couldn't agee more.
TheChiefSteel 3 weeks ago
tkx g.... you are right... many were/will be hurt by this.... i started out teaching my boys to save... they were so excited to see their little bits growing by 3%... was very hard when i had to say i was wrong and to start to reteach... we are all relearning together sailing in uncharted waters... ((hugs))
skybirdbird 3 weeks ago
Zero% interest rates for eternity GREAY for their zero% Treasuries so they can run up as much debt as they want and dont have to pay it back, and ZIRP also great for their bubble stock manipulation....and its DEATH for anyone who wants to save or lives off savings....its GENOCIDE.
davids11131113 3 weeks ago
Some people can't handle the truth. Cheers mate keep preaching the truth.
GuildF40 3 weeks ago
And, like in history, speculation is the root of why humanity is a broken record.
Capital is ONLY the fruit of Labor.
Asswhipes who have cash from anything else are the very thieves of what humanity was meant to be.
LuminousViews 3 weeks ago
Oh yea - about interest rates?
They are going negative for savers where it will cost you to hold cash. This is happening now.
Think it will take as long to destroy the dollar as it did to create it's perceived Value?
That is the real fuckin question.
LuminousViews 3 weeks ago
@LuminousViews NOT SURE bout many/much of your comments but 4 what its worth i am VERY short US tres bonds (mostly 5 years) at 0.71% playin regression or reality ... if that helps = i WILL get paid its NOT IF but WHEN!
SCOPELABS 3 weeks ago
@SCOPELABS
Great to know you are "sure" your speculation will pay, maggot.
MF Global to you and the ability of the holders of those bonds to pay.
btw - 0.71% how is that not negative interest with inflation?
Glad I am a drug addict and not believing in the devil like you.
Which comment of mine are you unsure about?
When you are sure that the very bet you place is against savers?
In the war of speculator vs saver and you are the clear enemy of REAL Capital.
You fucking niggerslave
LuminousViews 3 weeks ago
This has been flagged as spam show
@SCOPELABS ....."VERY short US tres bonds (mostly 5 years) at 0.71% playin regression or reality ..."
lol dude that regression/reality trade has not been workin' for us, lol. I was hedged on the short 30T's down to about 3.4%. We got back to 2.8% from 2008 and we've held so far at 3%. I'm a patient guy but this trade is grinding my fucking ass. If it is indeed a matter of "when" and I think it is, then all I want to know is the 'when" going to be for me or my kids lol :-) Ah 1980's
TheRonDoe 3 weeks ago
Bernake sucks at everything
rockstarr469 3 weeks ago
@rockstarr469 thats his hi h20 mark ...IF he were a dog we would put him down immediatly? remeber the rabid dog in "to kill a mockingbird"
SCOPELABS 3 weeks ago
@SCOPELABS did you see him today talking about the deficits and how they are bad for the economy? He changes his tune more than a juke box
rockstarr469 3 weeks ago
Thanks for the wonderful foundation people like you gave to America - you fucking leech.
LuminousViews 3 weeks ago
@LuminousViews "Fuking leach" wow fell on my sword ? i was playing grown up after missing ALL of high school and university and put on suit and tie and thought i was dong right thing listening to what "they" said to do for a while THEN i realised "THEY" were wrong and FUCKING over people so i stopped that ... then NOW i share this info for free to who is left IF that makes me a bad person i guess u r rite... _G
SCOPELABS 3 weeks ago
In a matter of short time following, 3/3's of the world will be living off $3 a day - I mean 1/10 an ounce of Silver - just like the average Roman soldier or Irish immigrant in history.
Feel free to post this and take credit for the obvious outcome a stoned high school drop out came up with.
What will be great is when smart guys like you and Bernanke are only gonna have the ears of each other to speak into - provided your heads are still attached to your bodies.
Thanks for the wonderful fou
LuminousViews 3 weeks ago
Dude-
Where you been? The war between speculators and savers has been on for years.
Can I tell ya what you are going to make your next revelatory video about?
2/3's of the planets population lives on $2-$3 a day. The world's second largest market is the black market. When Gold hits $3,100 an ounce it will be cheaper to ship Gold rather than $100 dollar bills in large quantity.
In a matter of short time following, 3/3's of the world will be living off $3 a day - I mean 1/10 an ounce of Silver
LuminousViews 3 weeks ago
I have a hard time believing the Bernank is inept at his job. I truly believe he is blatantly decieving the congress and the people. He doesn't have to answer to anyone, but the shareholders.
bobsr3 3 weeks ago
Even better for Gold and Silver.
Luiyi385 3 weeks ago
This has been flagged as spam show
Zirp is sure hurting me...as well as capital formation for all of us. All the best Greg!
jocknomore 3 weeks ago
Zirp is sure hurting me...as well as capital formation for all of us. All the best Greg!
jocknomore 3 weeks ago
@jocknomore its NOt doing me ANY favors! IF i could like what we THOUGhT in late 8os early 90s buy Govt bonds at 8% i could really relax with my cash take -0- risk! sell my metals even and not lift a finger and make $4-500kafter tax ho hum
SCOPELABS 3 weeks ago
Up to this point, I've seen the Fed Chairman speaking as the main tool for volatility instigation. But going by the Fed's own mission as a "Lender of last resort", how long can we stretch out the "last resort" with interest at 0 without seeing the writing on the wall? This policy of "priming the well" through increased currency liquidation, is in my opinion, nothing more than a retarded attempt at the tail trying to wag the dog.
lambdog76 3 weeks ago
@lambdog76 o i think the tall waggin tail waggin tail Goldman and a few BIG names make me think the conspiracy folks have a little truth to every rumor? -G
SCOPELABS 3 weeks ago
Good stuff scope just a matter of time and he is gonna float money out of his helicopter again on fullspeed. Check the m2 money supply what changed nothing look the gdp to debt it is fucking insane q3 comming but first shake some as ussually then all print till whe say it is enough and then what .. Ingmar
blackgoldforex 3 weeks ago
Comment removed
SOSTacoJohnson 3 weeks ago
However, when it comes to things BB can control? Interest rates are one. :D But since we know BB sets his plans to satiate the lies he tells, it is invariably true that BB will end up changing his policy again, when reality smashes into the false world view his financial strategies are built around. So we could see 0. But it is likely we might go the way of Europe, soon, and interest rates will much higher.
SOSTacoJohnson 3 weeks ago
This is very true. If one were to make a prediction, they could reliably use the statements by Ben Bernanke to make informed decisions as to what not do to. Invariably, it will not tell the person exactly what to do, but rather, what will collapse or increase. Ben Bernanke says gold isn't money and paper is money? Thus we can know what money actually is and isn't.
SOSTacoJohnson 3 weeks ago
@SOSTacoJohnson lol i took other side of bet wish me LUCK but rates so close to -0-% already risk is definable and reward HUGE!
SCOPELABS 3 weeks ago
So what's the scoops, Scope? What should we do with meager savings? Buy gold? How do you see the next 5 - 10 years? Is long-term (20 - 30 yr) food storage (dehydrated/freeze dried) a good bet now (1 yr supply approx. $2 - $3k)?
kekoa1776 3 weeks ago
@kekoa1776 go to site its free look at survival guide = might help hope so -G
SCOPELABS 3 weeks ago
@kekoa1776 Silver in hi 20s might be better bet if u can store somewhere ? look at Kyle BASS and his play on nickels IF u have the room to store! -G
SCOPELABS 3 weeks ago
@SCOPELABS You are wrong in one very important thing and that is the fact that the words that come out of Ben Bernanke's mouth are not garbage because he always tells you with 100% certainty what will actually happen. If that mother fucker says "tomorrow it will rain" then you better get your sun screen ready if you get my point.
37712 3 weeks ago
Old people?? they've seen their houses go to preposterously high prices, they have healthcare and welfare given to them buy indebting the young and unborn...screw the old people what about the young people!!!
theMAXILOPEZpsycho 3 weeks ago
@theMAXILOPEZpsycho Because we have to break the cycle of greed. We have to break the chain. If we can do it, we'll be the greatest generation ever. A good tribe is multi-generational and a person can wake up at any age.
mygaboo 3 weeks ago
The video production is fine. The current game, as I understand it: Lower interest rates and devalue the currency against foreign debt. Use the resulting inflation to deplete savings. Then tax all the profits and finally, raise interest rates again while switching to electronic currency.
Some communities are building resource 'greenhouses' to network support for the elderly. Well intentioned entrepreneurs do step up.
mygaboo 3 weeks ago
good vid man. the bernanke ensures higher precious metal prices with these negative real interest rates. i'm loving it. now for the next joke, facebook ipo
dispersingweight 3 weeks ago