Las Vegas Boom & Bust - A Preview for Singapore & China?

[irishspiritedgal]

Common sense observer... very good! Makes me happy to see someone who can see what's really going on ;) I have NO desire to EVER go to Vegas, that ain't my style! I was always amazed how they could build a place out of sand in a logo shape (Dubi) while Louisiana could use berms of sand to protect their infrastructure from the man-made hurricanes that kill so many there???

[KamikazeKoscki]

THE TAX PAYERS ARE STUCK WITH THE BILL FOR THESE EMPTY BUILDING, BECAUSE TRUMP'S GANG DECIDED TO BORROW MONEY FROM THE BANKS WHICH BORROW FROM THE TREASURY WITH INTEREST

[nathansensation5]

Vegas is and has been screwed for awhile now.

[theMAXILOPEZpsycho]

vegas has no future - you'd be crazy to buy real estate there no matter how cheap. when the oil dries up they won't be able to irrigate a desert anymore. end of story.

[Larrye123]

If all the bubbles are going to pop and everything collapses and falls, why wouldn't gold decrease, too? 

[gordyt99]

"A Preview for Singapore & China?" Mr Maloney forgot one area - Vancouver, BC.

[chuc555]

nice projects!! I would come and gamble if it was free.

[chuc555]

nice projects!!

[Filmaker25]

Too much money has been put into building them. so how can they staff them and open them. They can't.

[onassi]

you look like Horatio Cane when you've got your shades on haha

[BatusaiJack]

I actually went to Las Vegas for a whole week last fall. I was stunned to see all these halted building projects just sitting there. And there were like ads for porn on the streets.

And it was so fucking hot I couldn't walk during the day, I mostly took strolls at night.

[mrzack888]

@BatusaiJack COOL story bro

[vegaspilot03]

your premise of the markets being in lock-step is correct as long as they keep printing money to keep up with the fed, when they stop, and stop they will, the markets will no longer be in lock-step, the US dollar will drop tremendously and as other currencies gain value they will be able to pick up most if not all of our "demand".

[quadcatfly]

US economy is one big Vegas roulette.

[aabehzadi]

Check out Mike Maloney and Mike Dillar talking about the the biggest Wealth Transfer in our history. The Wealth Cycle.

It can be found at this site: blueprintofwealth

[143DREWID]

Water supply, and electricity generated from water supply, will deepen the financial hole and delay the recovery even further.

[notpcone]

Overall, Vegas is a ShitHole. Sodom and Gomorrah

[charlesfuchs]

@watchersx Hey! I like to gamble haha jk

[boipinoi604]

Kind of like those old arenas you see in Rome..

I like Mike's view on precious metals, but I do not see how the rest of the world would collapse. I would say numerous, like european nations or so. But there are emerging markets, like India and China.. China surpassing US sale of GM cars and surpassing India as the biggest importer of precious metal... China and India, the emerging economies... Those vegas condo prices are tempting, but not sure about purchasing a condo in a bad economy.

[teamnolimit74]

@boipinoi604

Its not that hard to see how they will slow down. You have to understand all that growth in China is fueled by the rest of the worlds consumption. Even though they are consuming their own goods now at a larger rate. Its still not enough to maintain the margins for the corporations. Lets just say The US is 20% of Chinas economy. Name one company that can stand to lose 20% of its business. When they live on a small margin anyhow.

[boipinoi604]

@teamnolimit74 Loosing 20% of your business is alot, I understand your point here.. but what good is business if that 20% is borrowed money that would never be repaid.. I can see the need for consumption, which is the US, so there will be demand for china's economy therefore jobs... but if the money will not be repaid.. where do you go from here?... aside from china, there are numerous insolvency now happening in the europe and middle east...

[teamnolimit74]

@boipinoi604 Sorry it took me so long to respond to this comment. China is committing the same sin as the US. Inflation They print the money to loan us rapidly driving up their cost of living. This will deal their economy a death blow before long when the cost of labor catches up with inflation. That means their goods will rise in cost and they will lose the market as the cheap goods producer of the world.

[Neversleeps1979]

at 2:47, mike says "wow, five-thousand condoms..."

[Toa41587]

@Neversleeps1979

Lol I thought it was just me!

[gasdorf]

alot of projects frozen ...too many people in debt

[hnsbro]

"Do you want to play a game?"

[solojam]

too hot in vegas, its great for a weekend trip tho

[62636263c]

I just bought another 50 oz of silver yesterday @ 30.50. I am very concerned that I will not be able to get very much more before it gets to expensive for me to purchase in any quantity. I started buying in 2006 and can see the writing on the wall.

[nocsm1]

Trump might have finished the one in Las Vegas, but he couldn't finish the one in Tampa, Fl.

[silverfuturist]

Great video, have Mike post more often!

[rezek71]

They say Deutsche Bank pulled funding on the remainder of Fountain Blue, of course millions of pensioners had their investments tied up in it. I believe numerous properties around the US were designed to suck in pensioners money and transfer it to whomever bought the buildings at fire sale prices.

[drkevincampbell]

They will have a longer wait than a few years. Deflation will drive down real estate to 1980 levels and they will stay there the rest of our lifetime.

[raymintboy]

Hey Mike,another great video & your right vegas in a preview for all over seas countries that are going to be building soon or already have started !!

BTW: where's your buddy Dave Morgan in this video, at the roulette table ?? :)

[TheSilverGuild]

Hey Mike what a fantastic limo driver, did you give him a silve eagle?

[Luiyi385]

All that K sitting there, uselessly, with expenses costing the investors money...

[pjamesbda]

Nice post...same thing in Dubai. We know that middle america was bilked for everything but their underwear. Homes gone, cars and jobs all gone. Talk about transfer of wealth!! What about corporate entitlements!? What about "cutting" back on the billionaires who are doing this crap.

.

Plus...the idiots are oblivious to the fact that WE are the patrons of their stupid money machines! Once they've picked our pockets clean, who will continue to line theirs. Very stupid.

[irish164321]

Who disliked this? How do you not agree with facts?

[Drav1212]

Great Prime location for some FEMA detention centers, if you ask me.

[somewhereone]

@Drav1212 There is a new Clark County Detention Center near Nellis AFB. I talked to a recently released inmate who spent 4 months there and he said that place is nearly empty.. not of staff, but inmates. You are correct about Vegas being a prime location for camp FEMA...

[KnightoftheRepublic9]

I considered buying a condo at City Center. You'd think 100k would get you a nice condo.. That'd be a good down. They started at 500k. Ridiculous. Vegas used to be about value. Now, it's all about "you're in Vegas, live it up! Spend as much as you possibly can!"

[charlesfuchs]

@KnightoftheRepublic9 You can rent a condo called veer in city center for about $900-$1500 a month, its pretty small but shits nice as hell. I have a buddy whos paying $900 a month right now there.

[dmger14]

@watchersx

Casino parking lots are full in part because degenerates from other places, who are also underwater on their mortgages, also go there! ;)

[dmger14]

I wonder if Mike still thinks oil will go to $10 a barrel, and if he thinks that instead of dead cat bounce as he predicted some months ago, the stock market will stay high as long as the QEs are implemented?

[beatrizgf]

Hi Mike and thank YOU so much for your videos. I live in Valencia - Spain and here we DO have EXACTLY the same situation........left land-lots and unfinished buildings all over.....Regards, Beatriz.

[qminusis]

Yeah ask your driver.

Thats the man who really sees the world and knows about it.

From this man I'd like to hear what he has to say about his job in general and the situation of the common people in America and what he knows about the living there (I'm european).

And yes the big band music does it!

[flyingdutchman4you]

Just a question: I know it was a blessing to have gold during the Great Depression, or in Weimar Germany hyperinflation. But how good was it to have silver? Was silver also a just as good thing to have?

[BadWithNames123]

@flyingdutchman4you you could also  store a pile of rice ;) but the advantage of gold is that is has a lot of value for its weight .. so can cary 50.000 $in your jacket and nobody would notice.

like peter schiff always says.. if dont have the money on gold or silver simply but food in cans and stuff you will have to consume in the future anyways

[soni888]

could you give infos about the sunglasses please ?

[RJLaffinsRealtor]

Ironically..I'll be in Vegas for a Real Estate Seminar. Hah.

MIKE - Thank you so much for constantly keeping us abreast of pertinent, relevant Investment info. I enjoy WealthCycles and GoldSilver

[omgwowface]

I like the sun glasses.

[w0tm]

A KEY will be WHAT to barter/trade your silver for when the super spike happens. At the end of the 30's Depression families now megawealthy traded their cash (cash was gold then and even said silver or gold certs on the bills) for dirt cheap farm land and QUALITY commercial real estate. Joe Kennedy bought much of downtown Chicago, Throws off more rent per MONTH than he paid for all of real estate back then.Do NOT sell silver for fiat! Trade for X that will hold value long term. Avoid money pits!

[smasila]

I remember a Resident Evil movie based on an empty Las Vegas.

[Will224000]

...how about the 'Ghost Cities' in central China ?... google it... whole brand new cities with no people... a place for their people to move after the coastal areas sink...

[Eraser7622]

@Will224000

you know what, at first i thought those cities were just a way for China to build out its infrastructure while at the same time keeping inflation in check by making productive projects out of their trade surplus before the dollar dies.. but now.. now I've changed my tune after seeing what's happening in Indonesia and elsewhere.. i think you are right.

[OneStirringThePot]

@Will224000 They are areas where the migrant Chinese workers left the cities when the economy slowed. As the world economy slowed, the workers left the high cost city and returned to their rural farming lifestyles where they had been raised.

[Will224000]

...the drivers in Vegas are really informed... like Tour Guides...

[robert4you]

Greetings from Sweden. Always a pleasure listening to Mike Maloney and his friends, absolutely love these videos from Las Vegas.

[GuildF40]

Lovin the tunes guys very slick.

[YouTheory]

The Whole North America is going into a huge Depression & Hyper Inflation, This spring will be the phase 2 since 2008. All these buildings that were built for the rich will be inhabited by the homeless, If any one saw the movie "The Book Of Eli" thats how it will be soon!~ see preview: watch?v=StG8zDlfB_U

Prepare your self: Gold, Silver, Food, medical supplies, & Guns. In the event of this happening form Neighborhood militia to protect your street and community.

[Will224000]

@YouTheory ...there is a whole underground complex, miles of storm drains, that is a city of homeless...

[SuperZiggy12]

Wow!  Las Vegas is finished! However i think the next in industry will be the deconstruction industry :)

[charlesfuchs]

@SuperZiggy12 Na, Vegas will be fine.

[Wittmann73]

fear and loathing in Las Vegas

[ggadguy]

Mike, I don't think markets are going to "turn over" but collapse while melting up. The markets will go up all while currency is going down. The chart movement is going to look like a skyscraper going straight up, and people may confuse this with prosperity all while economies are crashing. When Zimbabwe's currency collapsed the markets shot up and then came bank holidays, currency schemes, expiration dates on currency. That's our future, I believe.

[karthikraoa]

@WealthCycles , does mike think there is a housing bubble in india

[charlesfuchs]

Hey, I live in Las Vegas for over 8 years. I don't even realize about those buildings haha, there so much other things going on, even the locals dont care or realize there just sitting there. My buddy rents a place on city center right on the strip for $900. Freaking cheap for one of the best resorts places in Vegas. Learn about opportunities guys, there are tons out there.

[puapake]

@charlesfuchs You need to make a Vegas video Charles. I bet you have a lot more to say after watching this.

[rezek71]

@charlesfuchs I live in Vegas and NO ONE is living on the strip for 900 a month.

[charlesfuchs]

@rezek71 Yes they do, you can get a Veer condo in city center for $900 a month. %65 are vacant. So many opportunities, I just dont know why so many people are in fear.

[VegasRage]

@charlesfuchs I live herein Vegas too, true a lot of us who don't work in gaming don't care about the strip. But housing is still in ground and that will become an opportunity. If you follow Michael Maloney though you will see he is talking about one the largest opportunities as a result of the FED's and worlds printing. All of this printing press action is causing gold and silver to rise, it's one of the few investments that have done well as a result of government stupidity.

[WIZZINGSHIRE]

@charlesfuchs he rents for $900 a month?????

[perfectscotty]

I really loathe Las Vegas for one reason : the fliars of ads. for prostitutes and escort services that blow in the wind like tumbleweeds. Gross.

[omgwowface]

@perfectscotty U FRAID OF A LIL PUSSY?

[lilbromarky1]

@perfectscotty poppity-pop go the whore baseball cards all night long

[notpcone]

@perfectscotty Exactly! And the Litter it produces!!!