Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop); & setting up for a new World Order Currency - Even the Arabs are joining!
Meanwhile, the USA has Stockholm Syndrome, where the terrorized population through Obama actually supports their terrorist: Last week Obama is actually giving more power to their captors, the Federal Reserve Bank, rather than prosecuting them.
Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:
The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization" - Bruce Wiseman
Great video. By the way, as a day trader, we all realize that the stock market is not going up because the big boys are buying into it, it's going up because the sellers are "buying to exit" their profit positions from last year's downward thrust. Once they're done "buying to exit", who will be the next fool to buy it up a the extreme high level? Joe America who's been fooled into thinking that the recession is over. Then - SLAM DUNK BABY as Joe America loses again.
yea, ive mentioned to my parents that they should consider buying extra food because inflation is a real threat and they think im nuts. They say, "Son, all that food you got is gonna spoil." lol. If you cant discuss inflation you sure as heck cant talk to them about SHTF possibilities.
Whats sad is that the free market is so much more efficient than the command economy obama wants to employ and hes wanting to use the command economy as a way to pull us out of this funk. Blind leading blind.
Thanks for all your videos, insight. Also great you met G4T and MOT, you all are doing great things in your own way. Keep up great work. :) (Been watching for about a year now)
BEIJING -- The world is on the cusp of an explosion of drug-resistant tuberculosis cases that could deluge hospitals and leave physicians fighting a nearly untreatable malady with little help from modern drugs, global experts said Wednesday.
"The situation is already alarming, and poised to grow much worse very quickly," said Dr. Margaret Chan, the director-general of the World Health Organization.
Recession is over. Stock market increased by 10 percent last week. Obama, Bernake (spell OK?) comments all point to rising market. Dow will be up to 10,000 by week's end. Everyone, go ahead Make that money! But I don't need the stress, I'm outta here.
Wall St and Main St are the same street... Main street is just so far down the road and down the hill. It takes a long long time for trickle down to get there... but the shit rolls down pretty quickly.
You are on the money on unemployment number skewing. The jobs I am seeing being unemployed scale down wages based on hours. So you usually see jobs in 3 classes, 15-20 hrs/wk, 25-30 hrs/ wk, 40 hrs/wk. The salary decreases as you go up in hours. So it would be great to see how the quality of job postings vs the quality of the employees seeking them. At this stage my unemployment check is superior to the pay of working these jobs and the transportation costs associated with them. Sad state.
gm and ford are in talk of merger. they are no longer able to compete by themselves in this credit crisis. we have 8 straight days of DOW loses. we have $600 trillion derivatives and the whole world GDP is $75 trillions last year. how will the U.S. balance that sheet? Iceland has collapsed. nuclear Pakistan said they can only operate for 30 more days and need $100 billions right a way. the Balkan countries is very shaky ground. is this not over-reacting. go read international news.
um. I'm aware of that and um i was saying that whomsoever America votes for will do the same thing because it's what they did in the 30's but regardless of what they do there is still going to be an horrific downturn. Um. I think i lost you there but i wasn't aware i was speaking to an idiot. I could go on but I am bored conversing with you.
"The U.S. will have to become a production economy in order to pick itself back up." This would make a north American union an economic necessity for survival, the us has hardly any production resources in usable form. All the metals are way down now, someone is manipulating it no doubt. We should cut back on spending, pay off debts, get knowledge, friends, and rural land. Then suplement with silver ad gold if you can. It's gonna get BAD!
The media points out the numbers of unemployment as not that big, but there are holes.
1)It takes atleast two minimum wage imcomes to make it.
2)Most of the production work in this country is operated by illegals. The numbers are down because they have more work. (an american citezen has a hard time receiving unemployment benifits unless they were illeagal. So thats why illeagals have many diffrent names.)
Did anyone see that rate cut the FED made on Sunday March 16th 2008??? I was watching the dollar index plummeting by the hour!!! Gold was climbing to $1031 while silver was at $21. The rate was cut by 25 basis points on sunday and another 75 basis points on Monday!!! Then miraculously Gold tumbled again as everyone was expecting a 100 basis point cut in rates!?!?!?!?! No one saw that 25 point cut on Sunday. Who cuts rates on a SUNDAY?!?!?!
Visionvictory, you are an excellent thinker and you have very sound logic. The last 2 years (ive been out of college) I felt like I was the only one with a brain in a sea of idiots. Thank god there are people out there that have a brain and use it. Cheers and hi!
The effect of 5 dollar gas will have on commutes and food prices will be severe. I think between 6-8 we will see civil unrest. Plan on doing about 30 cents a months from here on out.
You and I are about to get hit with a $1.2 trillion tax increase all in the name of Al Gore's radical Climate Alarmist agenda.
Hundreds of millions of dollars are being pushed into this massive effort to create the largest expansion of government power in our nation's history. This new legislation — called Lieberman-Warner — is expected to be voted on in the next 60 days.
I am from Australia. There is a feeling of anxiety here that whatever will happen there in the US will have a strong impact here. Although we feel that we are in a better position than you due to our commodity boom we are following the same path as you in terms of our real estate and commercial economy. The only real money any average joe can make in down the mine shaft. The real estate value has just started to go down. Petrol prices is also a big worry plus food.
hi VisionVictory. Yea, I've been preparing. Started growing some food, I have solar panels, water filters, etc. I'm pretty much set for the US Empire crash.
Gmoney-Were looking at decades, we live in a fake economy based off of constant credit expansion. The last depression took 15 years and a major war. This one will be much worse though, the dollar was backed by gold and silver for the last one. This time we will have severe inflation, once we lose world reserve currency status were going to be just like everyone else. The U.S. will have to become a production economy in order to pick itself back up.
This is a great video! 13% Unemployment is something CNBC does not want to tell the public. That is because those are Great Depression numbers! I will be watching your channel for more updates. Thanks for you true telling. It is better than Cable crap. I drop cable by the way. Good luck. Go Ron Paul!
The latter reign will be greater than the former reign and revival in america is near. People find God when they are desperate.
Haggai 2
8The silver is mine, and the gold is mine, saith the LORD of hosts. 9The glory of this latter house shall be greater than of the former, saith the LORD of hosts: and in this place will I give peace, saith the LORD of hosts.
Market about to drop faster than a prom dress at 11Pm. Dow going to have bad week, expect 750 point drop. Were going to set a new trading range of 11,500-12,250.
I assume your joking MarketingGroup. If you are serious I would encourage to read irresistible revolution, I just finished it myself. It will blow you away and change your thoughts on this world and the teachings of Jesus.
Don't do that, TMG! You gotta stick around to see how it ends. The war was won 2000 years ago...we're just busy routing out the ones who never got the message.
Wow! I'm IMPRESSED. A hand full of Paultards ARE smarter than Wall Street. And.... you ALL AGREE with one another too!!! (There is a "consense-less" among you.) Watch out for Planet X!!!!
Your comments plz VV on this. 1)If the US govt has confirmed a flyby of PlanetX around Dec,2012 and 2)already put into place extensive underground survival bunkers (DUMB's), is it possible the elite'ist are just holding up the dollar until their timetable justify's a complete collapse. They would live subsurface until it settles above, and then emerge with the technology and resources for their one world govt, one world religion.
Are you familiar with Nibiru and info on this: is this plausible?
Show me the mathematical documentation and I will tell you. I want to see gravitational analysis and disruptions in planets like Jupiter and its moons before I can say it's true. I have not seen any.
Usjos- I do not believe in Nibiru or PlanetX. Although the case that's presented by the planetX people, is pretty much my case when it comes to debunking evolution. I'm a former atheist, who was led to believe through scientific evidence. Evolution's missing links are still missing, and everything they thought they had, has been rejected by modern day science and archeology. The evidence and accuracy in the New Testament for me was overwhelming, that is why in 2004,I became a follower of Christ
The fossil record shows species devolving until they just disappear all the sudden and so they try to link it to some other species when the fossil record shows no link.
Usjos- As far as deflation, 1 in a 1,000, but only possible for investment commodities. Foods will have hyper-inflation right away. So will gold and oil, but there is a small chance you could see them drop and then shoot to the moon. It should be noted though, that I do not believe we will have short term deflation. I think we will have inflation and then hyper-inflation.
This is orchestraded. It seems they are waiting for a future date to let it collapse. Do you think there will then be a short period of deflation, followed by resetting value of gold, and perhaps intro of new currency. They might then declare we have to cash in our dollars within a specified time (say45days) when it will be illegal. Afterwards inflation will rage.
For a good look at why gold and silver will soar, search "rich dad + predictions" on You Tube and click on Part. 4. Great info. And if you want more info. on the cycle, email at openmindnews@aolcom
The cycle is hinted at in all sacred texts. The base number of the cycle is 72 .72 disciples of Jesus. 72 Virgins for Muslims. 72 names of God in Kabbalah. 72 conspirators of Set in Egyptian myth. 72 degrees of longitude separate Giza and Angkor Wat. 72 pieces of jade on the jaguar at Chitzen Itza.
This is not a Christian issue. But I have found that I can talk to Christians about this subject and find an open mind. This time in history has been talked about loooong before the Bible. It's a natural cycle that is related to the Mayans (not necessarily 2012) and lots of other civilizations that knew about cycles of time. Go watch The Great Year on Google Vid, narrated by James Earl Jones that'll give you the basics of why this is happening. Lots of good to come once we make it over the hump.
50 dollars an ounce for silver will be cheap compared to where it's going. In the 1970's silver went up 3,900%, and that was based off of U.S. demand and inflation. This time it's global, silver is a consumed metal and a precious metal. I have a million reasons that would take a small book to explain, but my target for silver is 4,900%.
If the dollar loses all or most of its value, then we won't even be able to measure it in dollar terms. So my 4,900% is based off of Euros, which will probably be the new world reserve currency. The dollar will be like the Zimbabwe dollar; 20yrs ago it was 1to1 with U.S., now its 25million to 1. The dollar is going away though, so the best example, is how much will it gain against the Euro or real things. Gold I think will go 2,000% against the Euro. Dollar is trash, so impossible to calculate
Like it or not, I think the market will rally this summer. All the market needs is the "joy" of the tax rebates and interest rate cuts suppossedly stimulating the economy (when really they are simply KILLING the USD). Anyhow the market is insane. It is a small child that you can never trust. Still I have very reliable sources that indicate a moderate rally this summer. Shorting will be KING again late this year, as we enter the official depression.
Rseveran- You could be right, they could rally. I think were both in agreement that anything is possible as long as the summer recovery is priced in. Although I'm doubtful they will be able to overcome all the record breaking bad news, but anything is possible with Wall Street lies. Be careful with those shorts, you might make 800%, but remember, its 800% in dollars. When we see the dollar collapse, it will lose most or all of its value. Thanks again for the comments.
you hit the nail on the head when you mentioned friends and family distancing themselves from you.. i have all but given up as nobody wants to listen.. i guess they are much more informed than i..
I'll say one more thing. the average american is either too busy raising a family or playing with all different types of toys or are too ignorant and don't even know the federal reserve is a private corp. and don't even care. this people if you explain this to them they still don't care it is so frustrating and they should go through shock theropy, whick will happen when the collapse comes.
Those who dont care will start caring alot when they suddenly find themselves on the street with no job and no food and possibly in a warzone which is a possible scenario considering that many different ethnic groups live in US, all thats keeping them peacefull with each other is economic stability.
and you know what is the most weird thing about all of this most true christians, i believe are so in the dark to these things happening that they may be the most suprised of all.
I think most true christians are not in the dark, God will take care of them in any trouble they face. But alot of christians in US are asleep, they are too busy making money, trying to get rich, even going into politics and their pastors care more about their salary than people. But these are last days, Jesus is coming soon!
dude i believe in the holy G-D but, what about poor hard working farmers in Austrailia, or Inians. They aren't christians. I hope their god takes care of everyone of a sound spirit!.
Christians were just as much affected in the last depression as everyone else. Although, I believe the Lord will put it on their hearts to prepare. If they are followers of Christ, their preparation will not be hoarded and prized only for themselves. Were all in this together, this is an opportunity for the Church to be the Church it was called to be.
Most think this is a Christian nation, but I believe the Church of Jesus Christ is very small in the United Stats. I personally don't even call myself a Christian, when asked; I tell people I am a follower of Christ. The Jesus of the Bible and the Jesus the American Hyper-Materialistic, self help, prosperity doctrine is the exact opposite of the Jesus written about in the New Testament. Read Mathew 7:21-23. I think that's going to be the American Church.
Amen. Jesus says many are called but few are chosen. You will see that all parables are about many called and few chosen (10 virgins, seed, prodigal son etc). People are called through the religious system (Jewish system back in the day or modern church) and few are chosen to be the elect and bear fruit on earth.
America: fredom to fascism. there will be very shortly a rfid chip in all of our driver's licences and soon in our hand. right now plan ahead the best you can get gold, silver things to barter with and some cash in hand and foreign currency, but know this in our lifetime most likely we will not be able to buy and sell if you are a true christian. So get ready for a wild ride.
Email me crasster at yahoo dot com. I'll be happy to tell you our story and how it is affecting friends and relatives. Like you I have been spreading the word to many people. Some shun it, some don't.
I've also been a Ron Paul supporter since he announced in Feb 07. The coming Depression (let's call it what it's going to be) is going to be big.
They may be able to get away with it further. Eventually it will crumble. The UE rate is far higher. ALL data is about the worst its been in decades. DECADES and the headline is Market detours around bad news. Its amazing
Unfortunately we haven't seen anything yet. IMF's estimation of $1 trillion losses is undervalued. The total loss is ca. 3-4 trillion, bearing in mind that banks around the globe haven't revealed the whole mess.
Since you want to know how it affects us, Greece's inflation is 4.4% as it was on February. We're 100% oil dependent, plus the economy's structure is not as free as the US one. Greek employers now are reluctant, if not negative, to hire personell, even though they claim the opposite.
Nassos-great comments. Yea, the IMF estimates are based off a slow down, not even a U.S. Recession. Losses will be closer to 20-30 Trillion when this thing hits. Thanks for sharing the info on Greece. Is their inflation like the U.S.? No food and energy? Or is it real inflation?
The inflation does include the cost of oil and food. But it is not as realistic as possible, since many products rise at double rates. We have monopolies and oligopolies here.
The construction is falling and already there is excess supply of apartments and houses throughout Greece. We may have a bubble too, but not that much as in USA, UK, Spain and Ireland.
The good thing is that deposits are again increasing, since now Greek banks offer interest rates of even 7%.
so what ever you do dont buy into the financial sector of the market, invest in mining stocks, gold,oil,gas,iron etc..... these may be affected on the down turn for a moment, but will prove to sky rocket as demand for oil,gold etc will always be in place.
Thanks again VisionVictory for your insight and comments. The picture is a little clearer now for us all...I think by the time whoever takes office in '09, things will be on the big downslide. I wonder about the administration wanting to float the whole thing as much as possible until after the election, so they don't get blamed. Might be too late. I just don't see how the fed can float the system until December!
Here in Britain the events in America are making a very slight impression in the national newspapers, but hardly a ripple on the evening TV news. Petrol and diesel continue to stay around the $10 a gallon mark, but I have seen no decrease in traffic in Warrington. On weekends people are not making the slighest attempt to stock up, and continue to pay for gorcies ect at Asda-owned by Walmart-with their CC. But For Sale signs on houses and To Let signs on on businesses are now steadly incresing.
great video as always - after the summer recovery doesn't happen do you think something will interfere with the elections or do you think they will actually happen? Will that be the thing that sets off events for 2009?
Love your work vv. Just one question, Do you believe the Bakken (newly discovered u.s oil field) will save America? They say it could produce barrels of oil at $16 each. Could they be making these optimistic statements based on the bakken. Google bakken. My silver investments may not be so great if the bakken bares fruit.
Wouldn't' worry about Bakken, I've been getting emails like that for years. Even if it was true, they wouldn't produce a barrel of oil for 10 plus years. I also believe in Peak Oil, so even if they did find some, it's just going to make up for what were constantly losing. The market sets the price of oil, global demand is increasing, and it's currently priced in monopoly money. As far as silver goes, Silver has it's own legs to stand on. Thx for the comment Chrisbeer.
You are right on, man. Thank you for spreading the truth, and keep spreading it. It's importmant for everyone to prepare themselves for the inevitable.
Gmoney415-Yes, by a lot. The best part about silver is win or lose, its a great play. If we have global growth, silver is a consumed metal. If we crash and burn, silver is a precious metal (real money).
CNBC constantly spins bad news into good news. They are shills and cheerleaders. The FED is bailing out EVERYONE now, including the builders... this is INSANE! These programs will not work and are only postponing the inevitable... a full blown stock market crash. I bought 20K in silver coins when silver spot was $10-12/oz. I have guns and lots of ammo. I'm all set. :o)
I have a similar situation except Im about to graduate from college. Although my parents have money saved up, I don't know if it will help b/c the dollar is messed up.
LLstevej-There are a lot of people to scarde or closed minded to protect themselves. I usually recommend for those people to open an account at Everbank, they can convert their funny money to whatever currency they want. Maybe they can put just a little in Euros, Swiss Franc, Yen, and other currencies. Anything is better then holding dollars.
sbmillionair, you are only 17 and already a millionaire? Tell them about Jim Rogers and Peter Schiff. I have been talking to my parents and they started to listen after I exposed them to both of those guys.
For anyone who invests there is an easy way to make money in the market with the current volatility. I strangle the DIA's and SPY's with diagional put and call spreads. If done properly you can make money no matter what happens. So my advice is learn to trade options to make money in any direction.
Your 100 accurate, Im from Mexico and have seen a Depression in my teens, its starting to look the same, I remember my small savings in 1994 Mexico depression -were almost wiped out, but I see this is going to shape 360 the USA, I have talked to friends to start preparing, but they dont believe me, to bad thanks again for your videos, Like you say the people are starting to wake up but the majority will wake up when its to late and the Goverment declares Martial Law, the Conspiracy is true.
As visionvictory said, send your doubting friends to Peter Schiff or Jim Rogers videos and articles. If they still don't wake up, forget it, it's too late for them.
Thanks for the great video where truth is spoken. In my area, the news reported that law enforcement is busy delivering foreclosures instead of being on patrol. Most are ignoring the truth and continuing in their oblivion mindset. Also, thanks for the data posted on the side. God bless.
Geriatricguru-that says a lot. I have a friend who is also a police officer, he says their doing a lot of evictions of former home owners. A lot of people living in these REO's. Thx for the comments
Good job! Whenever you post, I know you have done your homework. 13% unemployment sounds more realistic here in Ky. Funny thing, Livestock, beef, was selling for $1.00 per live pound. Now it is down to 20 cents per live pound. I thought that was odd considering the world wheat reserves are down to 4 to 6 weeks remaining. The price of flour is holding steady here at around $3.60 per 10 pound bag. Currently Kentuckians have the cheapest rates in the nation per Killowat hour. Around 4.3 to 4.7
Beef is down since ranchers are selling the cattle in order to plant corn. CNBC did a story about it about 3 weeks ago. They said Beef will continue to drop until the supply runs out sometime in the middle of the summer. Then we will see beef go crazy up do to the lack of supply and global demand. Interesting story done by Maria Bartiromo.
Great Vid, I always learn something when I watch your videos.
My area is already in Depression, houses are selling for less than 50% of what people paid. Job losses are severe, teachers getting laid off by the thousands. Last checked gas for my area was at 3.82 OUCH!!!!!!!!!
What area of country are you in? Here, the housing market is HORRIBLE. Must be one of the worst in the nation (Phoenix metro area) and gas is about 3.15 for "cheap gas."
Girlyoudontknow- I'm from S.California, a desert area between vegas and Los Angeles. Homes on my block sold last year for 440,000, now they just sit on the market listed at 199,000. :( How's the job market in phoenix?
The saddest part it the financial planners out there. I know two who don't even know what CPI is. They got hooked up with edward jones, they just put people in a mutual fund and sell life insurance. They know nothing, their clients are getting screwed and no one has a clue. I think the market is ready for another 1,000 drop, we should be at 11,500 by next Thursday. Gold will hit 1,000 in a week and will be on its way to 1,100.
One of my planners said his adviser (I couldn't believe he turned to someone else regarding his own portfolio ) convinced him to sell his gold and oil today. I couldn't believe it. He is also buying into citibank stock b/c its cheap he says. Scary stuff.
Wow, he should of just flushed his money down the drain. Most financial planners don't even have a financial background. They just join primerica, edward jones, or Ameri-prise and learn the trade. Of course they only learn how to sell life insurance and loaded mutual funds. Bob Brinker hasn't helped me create any value, i'm so glad I can see through bobs and others bull crap. Bob can't even keep up with a carton of eggs, kind of important for those close to retirement.
Where was this 2009 depression? There was pretty much no "actual" recession in 2009, much less a depression.
airattack111 1 year ago
This has been flagged as spam show
Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop); & setting up for a new World Order Currency - Even the Arabs are joining!
Meanwhile, the USA has Stockholm Syndrome, where the terrorized population through Obama actually supports their terrorist: Last week Obama is actually giving more power to their captors, the Federal Reserve Bank, rather than prosecuting them.
sugarpuddin88 2 years ago
thanks , but silver can be confiscated from my security box in the bank ??
gus19668 2 years ago
yes
pollution2000 2 years ago
this guy is the best. Does he has an updated video?
andrescaraudio 2 years ago
About 110 videos after this, hope you will check a few out. Part 2 to this video just came out today :)
visionvictory 2 years ago
which is better invest eagles or maple leaf silver coins ? can be confiscated by USA goberment??
gus19668 2 years ago
doesn't matter, silver is silver.
visionvictory 2 years ago
Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:
The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization" - Bruce Wiseman
sugarpuddin88 2 years ago
Great video. By the way, as a day trader, we all realize that the stock market is not going up because the big boys are buying into it, it's going up because the sellers are "buying to exit" their profit positions from last year's downward thrust. Once they're done "buying to exit", who will be the next fool to buy it up a the extreme high level? Joe America who's been fooled into thinking that the recession is over. Then - SLAM DUNK BABY as Joe America loses again.
youthnetworktv 2 years ago 3
yea, ive mentioned to my parents that they should consider buying extra food because inflation is a real threat and they think im nuts. They say, "Son, all that food you got is gonna spoil." lol. If you cant discuss inflation you sure as heck cant talk to them about SHTF possibilities.
Whats sad is that the free market is so much more efficient than the command economy obama wants to employ and hes wanting to use the command economy as a way to pull us out of this funk. Blind leading blind.
pairunoyd 2 years ago 2
Thanks for all your videos, insight. Also great you met G4T and MOT, you all are doing great things in your own way. Keep up great work. :) (Been watching for about a year now)
Whattosayehh 2 years ago
well done VV you know your stuff, and the general media are still surpressing most news one this subject!
iansuncoast 2 years ago
thx for the comments
visionvictory 2 years ago
BEIJING -- The world is on the cusp of an explosion of drug-resistant tuberculosis cases that could deluge hospitals and leave physicians fighting a nearly untreatable malady with little help from modern drugs, global experts said Wednesday.
"The situation is already alarming, and poised to grow much worse very quickly," said Dr. Margaret Chan, the director-general of the World Health Organization.
zoofirock 2 years ago
you wrote this three weeks ago and now the swine flu thing. good call
1samothrace77 2 years ago
Recession is over. Stock market increased by 10 percent last week. Obama, Bernake (spell OK?) comments all point to rising market. Dow will be up to 10,000 by week's end. Everyone, go ahead Make that money! But I don't need the stress, I'm outta here.
calloutinchains 2 years ago
This comment has received too many negative votes show
WHO ARE YOU? Unless you work on Wall St. Don't speak! You know nothing!
BIGKdaman5221 2 years ago
ROFL, look at the date on this video.
visionvictory 2 years ago
WOW Spot ON !!!
joeymackaroni 3 years ago
Wall St and Main St are the same street... Main street is just so far down the road and down the hill. It takes a long long time for trickle down to get there... but the shit rolls down pretty quickly.
theoriginalanomaly 3 years ago
We will soon be offered the NAU as a solution to our dilemma.
louiethegreater 3 years ago
!! I LOVE GETTING on the CAM!! msn!!! msg me M
amithelastonehere 3 years ago
You are on the money on unemployment number skewing. The jobs I am seeing being unemployed scale down wages based on hours. So you usually see jobs in 3 classes, 15-20 hrs/wk, 25-30 hrs/ wk, 40 hrs/wk. The salary decreases as you go up in hours. So it would be great to see how the quality of job postings vs the quality of the employees seeking them. At this stage my unemployment check is superior to the pay of working these jobs and the transportation costs associated with them. Sad state.
ZGangsta 3 years ago
Holy smokes! This is incredibly prophetic.
TheExciteMike 3 years ago
Interesting but over-reacting
caganb 3 years ago
gm and ford are in talk of merger. they are no longer able to compete by themselves in this credit crisis. we have 8 straight days of DOW loses. we have $600 trillion derivatives and the whole world GDP is $75 trillions last year. how will the U.S. balance that sheet? Iceland has collapsed. nuclear Pakistan said they can only operate for 30 more days and need $100 billions right a way. the Balkan countries is very shaky ground. is this not over-reacting. go read international news.
KhmerD0g 3 years ago
This comment has received too many negative votes show
Obama 08!
gato712 3 years ago
what is obama going to do to save us numb nuts
plzIneedhelp 3 years ago
he'll give the banks $700 billion i hope, or we'll all be homeless and starving ...
sherrinasherrina 3 years ago
Um McCain wants to do this 2
and plz don't tell us who to vote for you already voted your country over to immigrants so plz stay out of our business
thanks for ruining Europe
plzIneedhelp 3 years ago
um. I'm aware of that and um i was saying that whomsoever America votes for will do the same thing because it's what they did in the 30's but regardless of what they do there is still going to be an horrific downturn. Um. I think i lost you there but i wasn't aware i was speaking to an idiot. I could go on but I am bored conversing with you.
sherrinasherrina 3 years ago
You know you want me
plzIneedhelp 3 years ago
go go Great Depression II 2009 Love it!
But if become Socailist Party then become skyrocket Economy (Depression II will end 2012) because if
Soclistist + Solar/Robot = Big Boom Economy.
Like China DID skyrocket economy because ex-communism (or Socailist too)
KingOrmond 3 years ago
We will learn Great Deperssion II 2009!!
then we will change improved economy but
debt? throw out!! if Robot/Solar have to
and change mathmatic economy system have to.
KingOrmond 3 years ago
"The U.S. will have to become a production economy in order to pick itself back up." This would make a north American union an economic necessity for survival, the us has hardly any production resources in usable form. All the metals are way down now, someone is manipulating it no doubt. We should cut back on spending, pay off debts, get knowledge, friends, and rural land. Then suplement with silver ad gold if you can. It's gonna get BAD!
heruursciences 3 years ago
WAKE UP AMERICA!!!
CHECK MY VIDEO!!!
MV951 3 years ago
The media points out the numbers of unemployment as not that big, but there are holes.
1)It takes atleast two minimum wage imcomes to make it.
2)Most of the production work in this country is operated by illegals. The numbers are down because they have more work. (an american citezen has a hard time receiving unemployment benifits unless they were illeagal. So thats why illeagals have many diffrent names.)
nobssagittarius3 3 years ago
and the get away with using my SS#
PrettyPoeRoses 3 years ago
Did anyone see that rate cut the FED made on Sunday March 16th 2008??? I was watching the dollar index plummeting by the hour!!! Gold was climbing to $1031 while silver was at $21. The rate was cut by 25 basis points on sunday and another 75 basis points on Monday!!! Then miraculously Gold tumbled again as everyone was expecting a 100 basis point cut in rates!?!?!?!?! No one saw that 25 point cut on Sunday. Who cuts rates on a SUNDAY?!?!?!
uhaegde 3 years ago
I would suggest looking at (survivalist. info) there you'll find all of the info for living off of the land and/or on the run
eyesonly654 3 years ago
Visionvictory, you are an excellent thinker and you have very sound logic. The last 2 years (ive been out of college) I felt like I was the only one with a brain in a sea of idiots. Thank god there are people out there that have a brain and use it. Cheers and hi!
mcurule 3 years ago
good job, keep posting these videos!
const71 3 years ago
At what gas price will public begin hanging government officials and oil company CEO's from flagpoles?
$5?..... $7? Buzz bets $6.66
louis12346 3 years ago 2
The effect of 5 dollar gas will have on commutes and food prices will be severe. I think between 6-8 we will see civil unrest. Plan on doing about 30 cents a months from here on out.
visionvictory 3 years ago
You and I are about to get hit with a $1.2 trillion tax increase all in the name of Al Gore's radical Climate Alarmist agenda.
Hundreds of millions of dollars are being pushed into this massive effort to create the largest expansion of government power in our nation's history. This new legislation — called Lieberman-Warner — is expected to be voted on in the next 60 days.
louis12346 3 years ago
I am from Australia. There is a feeling of anxiety here that whatever will happen there in the US will have a strong impact here. Although we feel that we are in a better position than you due to our commodity boom we are following the same path as you in terms of our real estate and commercial economy. The only real money any average joe can make in down the mine shaft. The real estate value has just started to go down. Petrol prices is also a big worry plus food.
jinjin16 3 years ago
hahaha! Nice
ComaSeason 3 years ago
Can't believe these tards elect supertards for president ( or the devil incarnate, what ever you like to call )
Ron Paul is too intelligent for zombies.
gods2fight 3 years ago
Who here wants to jump ship when America sinks?
gmoney415 3 years ago 6
move to baja mexico. heard it was all american/canadian retiree's
RiseUpToYourPotentia 3 years ago
Did you hear about this from MSN?
"Stocks surge on good news from Intel, JPMorgan"
Manipulation!
gmoney415 3 years ago 2
hi VisionVictory. Yea, I've been preparing. Started growing some food, I have solar panels, water filters, etc. I'm pretty much set for the US Empire crash.
Lucidtomr 3 years ago
America is being sold out.
Jobs are being created for Mexico, not US.
Get some precious metal and hide it from them when martial law comes.
They will probably disallow you to have it.
NEVER let them take youe guns.
They will try.
Watch for another 9-11 False Flag Op. to hit the country, just to further confuse and hinder us.
This is leading to the North American Union!
BAD BAD BAD BAD BAD BAD BAD BAD BAD BAD BAD
NWO is here. Wake up!!! TAKE YOUR POWER BACK. FOCUS LOCALLY!!!!!
MrDuffy81 3 years ago
2007 Recession
2008 Deep Recession
2009 Depression
2010 Great Depression????
What are your thoughts on the next few years?
gmoney415 3 years ago
Gmoney-Were looking at decades, we live in a fake economy based off of constant credit expansion. The last depression took 15 years and a major war. This one will be much worse though, the dollar was backed by gold and silver for the last one. This time we will have severe inflation, once we lose world reserve currency status were going to be just like everyone else. The U.S. will have to become a production economy in order to pick itself back up.
visionvictory 3 years ago
yes JESUS prophecied these things great tribulation is coming!
sampsoncain1984 3 years ago
This is a great video! 13% Unemployment is something CNBC does not want to tell the public. That is because those are Great Depression numbers! I will be watching your channel for more updates. Thanks for you true telling. It is better than Cable crap. I drop cable by the way. Good luck. Go Ron Paul!
Peace,
John.
Kittenkattan 3 years ago 2
The latter reign will be greater than the former reign and revival in america is near. People find God when they are desperate.
Haggai 2
8The silver is mine, and the gold is mine, saith the LORD of hosts. 9The glory of this latter house shall be greater than of the former, saith the LORD of hosts: and in this place will I give peace, saith the LORD of hosts.
Lets know Him
my427corvette 3 years ago
nobody will believe you until the stock market crash of '08
Livingfishguy 3 years ago
It's already crashing if they understood inflation. Unfortuantly most are into Ostrich economics :(
visionvictory 3 years ago
Market about to drop faster than a prom dress at 11Pm. Dow going to have bad week, expect 750 point drop. Were going to set a new trading range of 11,500-12,250.
BobBrinkerisanIdiot 3 years ago
The future looks terrible..
Maybe I would be better off, just committing suicide.
TheMarketingGroup 3 years ago
I assume your joking MarketingGroup. If you are serious I would encourage to read irresistible revolution, I just finished it myself. It will blow you away and change your thoughts on this world and the teachings of Jesus.
BobBrinkerisanIdiot 3 years ago
same... :/
unknownuser6969 3 years ago
Don't do that, TMG! You gotta stick around to see how it ends. The war was won 2000 years ago...we're just busy routing out the ones who never got the message.
999manman 3 years ago
Wow! I'm IMPRESSED. A hand full of Paultards ARE smarter than Wall Street. And.... you ALL AGREE with one another too!!! (There is a "consense-less" among you.) Watch out for Planet X!!!!
opchidexio 3 years ago
Your comments plz VV on this. 1)If the US govt has confirmed a flyby of PlanetX around Dec,2012 and 2)already put into place extensive underground survival bunkers (DUMB's), is it possible the elite'ist are just holding up the dollar until their timetable justify's a complete collapse. They would live subsurface until it settles above, and then emerge with the technology and resources for their one world govt, one world religion.
Are you familiar with Nibiru and info on this: is this plausible?
usjos 3 years ago
Show me the mathematical documentation and I will tell you. I want to see gravitational analysis and disruptions in planets like Jupiter and its moons before I can say it's true. I have not seen any.
davincij15 3 years ago
Usjos- I do not believe in Nibiru or PlanetX. Although the case that's presented by the planetX people, is pretty much my case when it comes to debunking evolution. I'm a former atheist, who was led to believe through scientific evidence. Evolution's missing links are still missing, and everything they thought they had, has been rejected by modern day science and archeology. The evidence and accuracy in the New Testament for me was overwhelming, that is why in 2004,I became a follower of Christ
visionvictory 3 years ago
True dat.
The fossil record shows species devolving until they just disappear all the sudden and so they try to link it to some other species when the fossil record shows no link.
Livingfishguy 3 years ago
Usjos- As far as deflation, 1 in a 1,000, but only possible for investment commodities. Foods will have hyper-inflation right away. So will gold and oil, but there is a small chance you could see them drop and then shoot to the moon. It should be noted though, that I do not believe we will have short term deflation. I think we will have inflation and then hyper-inflation.
Was it planned? Watch end game by alex jones. ;)
visionvictory 3 years ago
This is orchestraded. It seems they are waiting for a future date to let it collapse. Do you think there will then be a short period of deflation, followed by resetting value of gold, and perhaps intro of new currency. They might then declare we have to cash in our dollars within a specified time (say45days) when it will be illegal. Afterwards inflation will rage.
What's your take VV on this possible scenario?
usjos 3 years ago
For a good look at why gold and silver will soar, search "rich dad + predictions" on You Tube and click on Part. 4. Great info. And if you want more info. on the cycle, email at openmindnews@aolcom
The cycle is hinted at in all sacred texts. The base number of the cycle is 72 .72 disciples of Jesus. 72 Virgins for Muslims. 72 names of God in Kabbalah. 72 conspirators of Set in Egyptian myth. 72 degrees of longitude separate Giza and Angkor Wat. 72 pieces of jade on the jaguar at Chitzen Itza.
ufojoe1 3 years ago
Dow jones is currently at 12,325 and S&P is at 1,332. By next Friday April 18th, Dow will close around 11,600 and S&P will close around 1,240.
Gold will surge Wednesday, Thursday, and Friday. Closing around 1,000.
BobBrinkerisanIdiot 3 years ago
That's funny I am hearing rummers of America bombing Iran on 16th.
davincij15 3 years ago
This is not a Christian issue. But I have found that I can talk to Christians about this subject and find an open mind. This time in history has been talked about loooong before the Bible. It's a natural cycle that is related to the Mayans (not necessarily 2012) and lots of other civilizations that knew about cycles of time. Go watch The Great Year on Google Vid, narrated by James Earl Jones that'll give you the basics of why this is happening. Lots of good to come once we make it over the hump.
ufojoe1 3 years ago
Do you think Silver will eventually go over $50/ounce?
Do you think Gold will go to $1500 or higher?
gmoney415 3 years ago
50 dollars an ounce for silver will be cheap compared to where it's going. In the 1970's silver went up 3,900%, and that was based off of U.S. demand and inflation. This time it's global, silver is a consumed metal and a precious metal. I have a million reasons that would take a small book to explain, but my target for silver is 4,900%.
visionvictory 3 years ago
If the dollar loses all or most of its value, then we won't even be able to measure it in dollar terms. So my 4,900% is based off of Euros, which will probably be the new world reserve currency. The dollar will be like the Zimbabwe dollar; 20yrs ago it was 1to1 with U.S., now its 25million to 1. The dollar is going away though, so the best example, is how much will it gain against the Euro or real things. Gold I think will go 2,000% against the Euro. Dollar is trash, so impossible to calculate
visionvictory 3 years ago
Like it or not, I think the market will rally this summer. All the market needs is the "joy" of the tax rebates and interest rate cuts suppossedly stimulating the economy (when really they are simply KILLING the USD). Anyhow the market is insane. It is a small child that you can never trust. Still I have very reliable sources that indicate a moderate rally this summer. Shorting will be KING again late this year, as we enter the official depression.
rseveran 3 years ago
Rseveran- You could be right, they could rally. I think were both in agreement that anything is possible as long as the summer recovery is priced in. Although I'm doubtful they will be able to overcome all the record breaking bad news, but anything is possible with Wall Street lies. Be careful with those shorts, you might make 800%, but remember, its 800% in dollars. When we see the dollar collapse, it will lose most or all of its value. Thanks again for the comments.
visionvictory 3 years ago
you hit the nail on the head when you mentioned friends and family distancing themselves from you.. i have all but given up as nobody wants to listen.. i guess they are much more informed than i..
navtel 3 years ago
I'll say one more thing. the average american is either too busy raising a family or playing with all different types of toys or are too ignorant and don't even know the federal reserve is a private corp. and don't even care. this people if you explain this to them they still don't care it is so frustrating and they should go through shock theropy, whick will happen when the collapse comes.
pfowler20 3 years ago
Those who dont care will start caring alot when they suddenly find themselves on the street with no job and no food and possibly in a warzone which is a possible scenario considering that many different ethnic groups live in US, all thats keeping them peacefull with each other is economic stability.
Bogdanua 3 years ago
and you know what is the most weird thing about all of this most true christians, i believe are so in the dark to these things happening that they may be the most suprised of all.
pfowler20 3 years ago
I think most true christians are not in the dark, God will take care of them in any trouble they face. But alot of christians in US are asleep, they are too busy making money, trying to get rich, even going into politics and their pastors care more about their salary than people. But these are last days, Jesus is coming soon!
Bogdanua 3 years ago
dude i believe in the holy G-D but, what about poor hard working farmers in Austrailia, or Inians. They aren't christians. I hope their god takes care of everyone of a sound spirit!.
tsarcasm666 3 years ago
Christians were just as much affected in the last depression as everyone else. Although, I believe the Lord will put it on their hearts to prepare. If they are followers of Christ, their preparation will not be hoarded and prized only for themselves. Were all in this together, this is an opportunity for the Church to be the Church it was called to be.
Thx for the comments
visionvictory 3 years ago
Most think this is a Christian nation, but I believe the Church of Jesus Christ is very small in the United Stats. I personally don't even call myself a Christian, when asked; I tell people I am a follower of Christ. The Jesus of the Bible and the Jesus the American Hyper-Materialistic, self help, prosperity doctrine is the exact opposite of the Jesus written about in the New Testament. Read Mathew 7:21-23. I think that's going to be the American Church.
visionvictory 3 years ago
Amen. Jesus says many are called but few are chosen. You will see that all parables are about many called and few chosen (10 virgins, seed, prodigal son etc). People are called through the religious system (Jewish system back in the day or modern church) and few are chosen to be the elect and bear fruit on earth.
llstevej 3 years ago
Amen.
Bogdanua 3 years ago
thx for the comments
visionvictory 3 years ago
everyone should watch aaron russo's film
America: fredom to fascism. there will be very shortly a rfid chip in all of our driver's licences and soon in our hand. right now plan ahead the best you can get gold, silver things to barter with and some cash in hand and foreign currency, but know this in our lifetime most likely we will not be able to buy and sell if you are a true christian. So get ready for a wild ride.
pfowler20 3 years ago
visionvictory,
Email me crasster at yahoo dot com. I'll be happy to tell you our story and how it is affecting friends and relatives. Like you I have been spreading the word to many people. Some shun it, some don't.
I've also been a Ron Paul supporter since he announced in Feb 07. The coming Depression (let's call it what it's going to be) is going to be big.
crasster1 3 years ago
They may be able to get away with it further. Eventually it will crumble. The UE rate is far higher. ALL data is about the worst its been in decades. DECADES and the headline is Market detours around bad news. Its amazing
OpenMind00 3 years ago
Its just lah dee dah. Boggles the mind
OpenMind00 3 years ago
Nothing wrong with conspiracy sites!
If I were u, I'd invest in a nicer colour wall paint!
Still, pleasant vid.
alritedarlin 3 years ago
Unfortunately we haven't seen anything yet. IMF's estimation of $1 trillion losses is undervalued. The total loss is ca. 3-4 trillion, bearing in mind that banks around the globe haven't revealed the whole mess.
Since you want to know how it affects us, Greece's inflation is 4.4% as it was on February. We're 100% oil dependent, plus the economy's structure is not as free as the US one. Greek employers now are reluctant, if not negative, to hire personell, even though they claim the opposite.
Nassos1983 3 years ago
Nassos-great comments. Yea, the IMF estimates are based off a slow down, not even a U.S. Recession. Losses will be closer to 20-30 Trillion when this thing hits. Thanks for sharing the info on Greece. Is their inflation like the U.S.? No food and energy? Or is it real inflation?
BobBrinkerisanIdiot 3 years ago
The inflation does include the cost of oil and food. But it is not as realistic as possible, since many products rise at double rates. We have monopolies and oligopolies here.
The construction is falling and already there is excess supply of apartments and houses throughout Greece. We may have a bubble too, but not that much as in USA, UK, Spain and Ireland.
The good thing is that deposits are again increasing, since now Greek banks offer interest rates of even 7%.
Nassos1983 3 years ago
Do you recommend silver coins or silver bars?
gmoney415 3 years ago
Silver bullion(round bars), direct play on silver. Don't worry about the coins when it comes to silver.
visionvictory 3 years ago
so what ever you do dont buy into the financial sector of the market, invest in mining stocks, gold,oil,gas,iron etc..... these may be affected on the down turn for a moment, but will prove to sky rocket as demand for oil,gold etc will always be in place.
dmgallery 3 years ago
Personally I wouldn't buy anything on the American Stock Market right now. If your going to buy stocks, buy on foreign exchanges.
visionvictory 3 years ago
Thanks again VisionVictory for your insight and comments. The picture is a little clearer now for us all...I think by the time whoever takes office in '09, things will be on the big downslide. I wonder about the administration wanting to float the whole thing as much as possible until after the election, so they don't get blamed. Might be too late. I just don't see how the fed can float the system until December!
nextdimensions 3 years ago
Here in Britain the events in America are making a very slight impression in the national newspapers, but hardly a ripple on the evening TV news. Petrol and diesel continue to stay around the $10 a gallon mark, but I have seen no decrease in traffic in Warrington. On weekends people are not making the slighest attempt to stock up, and continue to pay for gorcies ect at Asda-owned by Walmart-with their CC. But For Sale signs on houses and To Let signs on on businesses are now steadly incresing.
Puzzoozoo 3 years ago
great video as always - after the summer recovery doesn't happen do you think something will interfere with the elections or do you think they will actually happen? Will that be the thing that sets off events for 2009?
sheiki22 3 years ago
Love your work vv. Just one question, Do you believe the Bakken (newly discovered u.s oil field) will save America? They say it could produce barrels of oil at $16 each. Could they be making these optimistic statements based on the bakken. Google bakken. My silver investments may not be so great if the bakken bares fruit.
chrisbeer 3 years ago
Wouldn't' worry about Bakken, I've been getting emails like that for years. Even if it was true, they wouldn't produce a barrel of oil for 10 plus years. I also believe in Peak Oil, so even if they did find some, it's just going to make up for what were constantly losing. The market sets the price of oil, global demand is increasing, and it's currently priced in monopoly money. As far as silver goes, Silver has it's own legs to stand on. Thx for the comment Chrisbeer.
visionvictory 3 years ago
You are right on, man. Thank you for spreading the truth, and keep spreading it. It's importmant for everyone to prepare themselves for the inevitable.
kidbilly1970 3 years ago
I could see the big "D" coming right from the housing market crash. One that big is inevitably pointed directly at a depression.
aviatrix2 3 years ago
My family owns a business, and business has dropped by more than half in the last year....
mrzack888 3 years ago
Do you think that Silver has a bigger upside than gold?
gmoney415 3 years ago
Gmoney415-Yes, by a lot. The best part about silver is win or lose, its a great play. If we have global growth, silver is a consumed metal. If we crash and burn, silver is a precious metal (real money).
visionvictory 3 years ago
CNBC constantly spins bad news into good news. They are shills and cheerleaders. The FED is bailing out EVERYONE now, including the builders... this is INSANE! These programs will not work and are only postponing the inevitable... a full blown stock market crash. I bought 20K in silver coins when silver spot was $10-12/oz. I have guns and lots of ammo. I'm all set. :o)
JP5466 3 years ago
No one believes what i say in my family, i'm only 17, so i don't have much to prepare.
sbmillionair 3 years ago 2
I have a similar situation except Im about to graduate from college. Although my parents have money saved up, I don't know if it will help b/c the dollar is messed up.
llstevej 3 years ago
LLstevej-There are a lot of people to scarde or closed minded to protect themselves. I usually recommend for those people to open an account at Everbank, they can convert their funny money to whatever currency they want. Maybe they can put just a little in Euros, Swiss Franc, Yen, and other currencies. Anything is better then holding dollars.
Thx for the comments.
visionvictory 3 years ago
sbmillionair, you are only 17 and already a millionaire? Tell them about Jim Rogers and Peter Schiff. I have been talking to my parents and they started to listen after I exposed them to both of those guys.
girlyoudontknow2 3 years ago
For anyone who invests there is an easy way to make money in the market with the current volatility. I strangle the DIA's and SPY's with diagional put and call spreads. If done properly you can make money no matter what happens. So my advice is learn to trade options to make money in any direction.
drakehater 3 years ago
Good one, lot of info. Thanks
unreallogic 3 years ago
Your 100 accurate, Im from Mexico and have seen a Depression in my teens, its starting to look the same, I remember my small savings in 1994 Mexico depression -were almost wiped out, but I see this is going to shape 360 the USA, I have talked to friends to start preparing, but they dont believe me, to bad thanks again for your videos, Like you say the people are starting to wake up but the majority will wake up when its to late and the Goverment declares Martial Law, the Conspiracy is true.
jlizama37 3 years ago 2
As visionvictory said, send your doubting friends to Peter Schiff or Jim Rogers videos and articles. If they still don't wake up, forget it, it's too late for them.
girlyoudontknow2 3 years ago
Thanks for the great video where truth is spoken. In my area, the news reported that law enforcement is busy delivering foreclosures instead of being on patrol. Most are ignoring the truth and continuing in their oblivion mindset. Also, thanks for the data posted on the side. God bless.
geriatricguru 3 years ago
Geriatricguru-that says a lot. I have a friend who is also a police officer, he says their doing a lot of evictions of former home owners. A lot of people living in these REO's. Thx for the comments
visionvictory 3 years ago
Trying to share your video... YouTube says NoWay. Internal error? WTF?
drzapo 3 years ago
13% unemployment, yikes! Sounds like this summer will shape up to be an interesting one in the political and economic spectrums.
Do you know a good place to track gold and silver prices on an updated chart?
landongendur 3 years ago
Hi Landongendur
I use this site to track silver. They do gold too.
htt p : / /ww w.kit co. com / charts / livesilver . h tml
Delete the spaces as usual
Mechman064 3 years ago
Thank you!
landongendur 3 years ago
Great video, btw, 5 stars.
girlyoudontknow2 3 years ago
thx, I always enjoy reading your comments on other blogs. Glad you found my site :) V V
visionvictory 3 years ago
Good job! Whenever you post, I know you have done your homework. 13% unemployment sounds more realistic here in Ky. Funny thing, Livestock, beef, was selling for $1.00 per live pound. Now it is down to 20 cents per live pound. I thought that was odd considering the world wheat reserves are down to 4 to 6 weeks remaining. The price of flour is holding steady here at around $3.60 per 10 pound bag. Currently Kentuckians have the cheapest rates in the nation per Killowat hour. Around 4.3 to 4.7
drzapo 3 years ago
Beef is down since ranchers are selling the cattle in order to plant corn. CNBC did a story about it about 3 weeks ago. They said Beef will continue to drop until the supply runs out sometime in the middle of the summer. Then we will see beef go crazy up do to the lack of supply and global demand. Interesting story done by Maria Bartiromo.
BobBrinkerisanIdiot 3 years ago
Thanks! Thats the info I needed!
drzapo 3 years ago
Great Vid, I always learn something when I watch your videos.
My area is already in Depression, houses are selling for less than 50% of what people paid. Job losses are severe, teachers getting laid off by the thousands. Last checked gas for my area was at 3.82 OUCH!!!!!!!!!
BobBrinkerisanIdiot 3 years ago
What area of country are you in? Here, the housing market is HORRIBLE. Must be one of the worst in the nation (Phoenix metro area) and gas is about 3.15 for "cheap gas."
girlyoudontknow2 3 years ago
Girlyoudontknow- I'm from S.California, a desert area between vegas and Los Angeles. Homes on my block sold last year for 440,000, now they just sit on the market listed at 199,000. :( How's the job market in phoenix?
BobBrinkerisanIdiot 3 years ago
Not sure honestly (about Phoenix job market.) I think it is holding out, but employment is a lagging indicator. Slow but large snowball coming.
girlyoudontknow2 3 years ago
The saddest part it the financial planners out there. I know two who don't even know what CPI is. They got hooked up with edward jones, they just put people in a mutual fund and sell life insurance. They know nothing, their clients are getting screwed and no one has a clue. I think the market is ready for another 1,000 drop, we should be at 11,500 by next Thursday. Gold will hit 1,000 in a week and will be on its way to 1,100.
BobBrinkerisanIdiot 3 years ago
Not sure about gold because it is being manipulated. IMF selling 400 tons of gold (I think that was the number I read.)
girlyoudontknow2 3 years ago
Hey BobBrinker,
One of my planners said his adviser (I couldn't believe he turned to someone else regarding his own portfolio ) convinced him to sell his gold and oil today. I couldn't believe it. He is also buying into citibank stock b/c its cheap he says. Scary stuff.
andrewebisu 3 years ago
Wow, he should of just flushed his money down the drain. Most financial planners don't even have a financial background. They just join primerica, edward jones, or Ameri-prise and learn the trade. Of course they only learn how to sell life insurance and loaded mutual funds. Bob Brinker hasn't helped me create any value, i'm so glad I can see through bobs and others bull crap. Bob can't even keep up with a carton of eggs, kind of important for those close to retirement.
BobBrinkerisanIdiot 3 years ago