suficiente hermosa" y ahora que haz leido esto ella aparecera en tu espejo diciendo que no eres lo suficientemente hermoso y te matara!(por cierto la chica llamada Mary murio poco despues)Para poder salvarte pega esto en otros 5 videos.ESTO ES SIERTO!!!!
CivysCare4Sol, credit default swaps are dragging down the banking system. Mark to market is is collapsing the asset valuations and thereby collapsing the credit rating of the banks. Banks r failing because their asset valuations are making them insovlent on paper. As credit ratings fall their collateral obligations rise, they don't have the cash so they close. Closed banks don't lend. Enter Geithner. Solution is quantitative easing, then inflation, then higher rates, then less, not more credit.
Good to see that we can write with opposing views and not be censored here :)
As the credit circulations are secured by intervention in relation between (banks) & (corporations/retailers) the real economy will be insulated during 2009.
Past impossiblities are now possible & the house building systems will eventually be secured by the public and the housing crisis will secured from privatised incompetance.
Does this not mean that in the long run America will have to stop speculating in housing and all land based real estate in general. Does this not mean that we have to eliminate all subsidies for home ownership via tax deductions and low interest mortgage money since all these policies meant to make home ownership more affordable have only resulted in encouraging speculation and increased costs for housing. The best we can do for the next generation is demand the end to real estate speculation.
with the 700 trillion + bailout, none should be evited, we are paying for the crocks who bundled and sold those mortgages. Bear Sterns, Goldman Sachs, AIG, etc. all got rescued , why not the home owners?
You know the banks where I live (canada) keep sending me credit card/loan offers in the mail.
When are people going to learn? Only buy what you can afford. Now look at usa. Everyperson is in debt up their eyeballs. I hope Canadians are not as stupid as this. I take this offers and throw them in trash Like how I delete spam in my email. no seconds thoughts. Debt is not good.
Its not that simple. I, for one, stayed within my means; but my means kept shrinking. Now I am borrowing to pay the rent that I managed to keep below my neighbors'. Everything is raising and my pay is decreasing and so are my hours.
I stopped using charge cards. My clothers are from the clearence rack - when I do buy.
I don't even watch tv. I don't own a car because of the cost. and I am behind in everyghting
I invested in a Fellowes paper shredder (the one with the bulldog) complete with credit card annihilator. Best investment and decision I every made. We have shredding parties. Shredding gives you a sense of power and it is quite relaxing. Now matter how many times you tell these companies to stop with their campaign to sell you into usury, they press on with all those mail offers. My shredder has done me proud.
I am going through everything you were talking about regarding - being upside down with the home - I had to walk away - That was my only choice and I do not regret it one bit. Your right on -
Thank you this is an excellent video. I would love to buy gold or silver, but I am too busy fighting to keep my house. I sued my lenders, only to find there is no law to support the consumer who is victimized by the bank. New Century transferred my loan one day before filing bankruptcy, even though I sued before that, the new bank OCWEN is supposedly entitled to force me to pay for the exact same loan I disputed. Any Help there?
BUT that's no reason to justify the crazies who think off-shore drilling is a good idea. The fossil fuel era is over. Green energy is not only an issue of continued survival but national security.
I remember back in the 80's that investment in Gold is gonna be a foolish decission ultimately...if gold prices can go up and down so much how secure is it really? Its still got a market value and if everyone does it who will afford to buy it at highs so how could you sell it? The prices will always be what the market demands and so many who buy high will loose as well as the price plummets..
Gold went from 35 bucks to 600 in less than a decade, it cracked 800 on two seperate days and then went back to 600 and slowly went down. Everyone always brings up the 850, but it was one day out of 10 great years. I don't know about you, but i'll take 35 to 600 any day.
Because tons of silver is used every day in electronics, etc. It's the BEST conductor of electricity. These electronic devices are disposed of, never to retrieve the silver. We are at "peak silver" right now. Many analysts say silver could easily be $1,000. an ounce real soon. Remember, gold is rarely discarded and is not as good a conductor of electricity. Supply & demand.
"Russia completely devastated the port of Poti on the Black Sea, which is a key port for the transport of energy sources from the Caspian Sea and is close to the Baku-Supsa pipeline and the Supsa oil terminal," the Saturday statement said.
SUKHUMI, Georgia (AP) — Separatist forces in Georgia's breakaway province of Abkhazia launched air and artillery strikes to drive Georgian troops from their bridgehead in the region, officials said.
Georgian President Mikhail Saakashvili said later Saturday that Georgian forces rebuffed the Abkhazian attacks. "Our men there are in high spirits," he said.
KUT, Iraq (AFP) — Georgia will withdraw its entire 2,000-strong military contingent from Iraq within three days to help battle South Ossetian separatist rebels, a senior Georgian military official said on Saturday.
"We were ready to leave today, we are ready to leave immediately but we are waiting for the green light from Tbilisi," said Emzar Svanidze, a major with the Georgian military operation in Kut, where 1,700 troops are based.
The frightening thing is they say they are taking no options off the table, even nuclear first strike," Paul said. Paul believes from talking with his contacts in and around Congress that a strike on Iran has already been green-lighted.
"That is my sense because the Democratic leaders in the House are proposing no resistance whatsoever, Paul said. "We saw this when a supplemental bill came up and the president asked for $107 billion for the war, the Democrat leadership gave them $162 billion.
Rep. Ron Paul has warned millions of radio listeners that the United States is heading into an illegal attack on Iran, stating his amazement at members of Congress who have openly voiced support for a criminal nuclear strike.
"If we do (attack) it is going to be a disaster," the congressman told the Alex Jones radio show. "I was astounded to see on one of the networks the other day that the debate was not are we going to attack, but are we going to attack before or after the election?"
Fannie Mae and Freddie Mac report big lossses this week. Again we are going to bail them out. Where does the money come from on trees!!!! Wall street last week shows what vision is talking about. I urge everyone to get out of US dollars. Dick Chenney did.!!!!!!!!!!!! WHY what does he know
The grip of the mighty wizard is strong, his name not earned in vain. Bernanke is smart and sharp as a whip. TG is right, vision is right. The dollar grows in strength and there is profit to be had. The real story is the dollar has no "real" strength. This is truth. Manipulation is the word of the year.
The wresting of the numbers is comical at times. The August CPI must look good at all costs. The price at the pumps must decline, and will. The wizard is conjuring many spells. Beware.
VV, what's your take on Gold, Silver prices now? Still think one should keep buying or wait it out before buying. OR even sell what one has? Market hasn't made sense to me at all on Friday. With Russia situation with Goregia, more banks losing money, Citi bank and other banks found guilty of fruad ... yet Oil went down hard, Gold/Silver went down HUGE. USD got stronger as well as bond. Market was up 300 plus. I can't make sense of this. It's bugging me a great deal. Like to hear your take.
Keep it up vision, always enjoy your videos. I encourage people to stock up on food and water for the coming months. Even if nothing happens, you'll save money on groceries for awhile.
The dollar will continue to strengthen from here. The world was awash in easy money and credit. Now everywhere credit destruction reigns, de leveraging sometimes 20 to 1, banks not loaning. We will see $30 trillion worth of dollars vanish gone before this is over. Commodity bubble has burst, usually the last bubble to burst after massive worldwide expansion ends. The dollar will continue to rally as the rest of the world heads for recession and USA looks stronger.
i agree. But it will continue to rise from here. It works until it doesn't. You can't play the markets how you wish them to be you have to play them as they are or you will get crushed.
US produces virtually nothing and consumes everything. The American consumer is out of money and as you note running out of credit (serious drop in consumption). Housing prices haven't bottomed and the banks remain in serious trouble. There is NOTHING supporting the dollar. Post election we will see how strong the dollar really is. The whole point is that it's beginning not to work. M1 & M2 are up, & a global slow down is not contraction.
WASHINGTON (Reuters) - U.S. consumer credit expanded at the fastest rate in seven months in June as Americans turned to credit cards and consumer loans to maintain spending in the face of rising food and energy costs, a government report on Thursday showed.
June consumer credit rose $14.33 billion, or at a 6.7 percent annual rate, to $2.586 trillion, the Federal Reserve said. Analysts polled by Reuters were expecting a $6 billion rise.
The US will need to cut back its consumption--we are seeing that already---- it is not fair to say the US produces virtually nothing. The US is the third biggest manufacturer in the world, one of the top couple of exporters and the biggest consumer in the world. The dollar is supported by the fact that over 50% of the world's contracts are denominated in dollars—this will take years to unwind- Don't mistake strong dollar for relative value at a given time. strong $ is guns and economic warfare
"it is not fair to say the US produces virtually nothing." - fair enough. Let me rephrase. The US GDP is 3 times the size of the next largest economy and yet it is the "third biggest manufacturer in the world". Relative to its own GDP, the US produces virtually nothing.
"The dollar is supported by the fact that over 50% of the world's contracts are denominated in dollars—this will take years to unwind- Don't mistake strong dollar for relative value at a given time. strong $ is guns and economic warfare" - The abuse of the US' status as the reserve currency by the US has gotten out of hand with no end in sight. How far can the US push the rest of the world? The US dollar has an extremely questionable value down the road and yet countries are to continue buying?
"The US is the third biggest manufacturer in the world" - It also consumes most of its manufacturing. Why would the rest of the world care about what the US produces for its domestic consumption? The world's only concern would be the US's manufacturing for export. How much manufacturing does the US export?? What does the rest of the world receive from the US?
And, how much does it import vs export? How big is the trade deficit vs other countries? What is the gap filled with? You think this is sustainable? How does this support the value of the dollar? If the dollar does rise further, exports become more expensive and will decline, will they not? Won't this result in an increased deficit?
"Russia said it had seized the rebel capital, Tskhinvali, but Georgia denied the claim on the second day of fighting that threatens oil and gas pipelines seen as crucial in the West." AP
worst thing bout all this is that the big guys are bailing out the big guys for their stuff ups....and who has to pay for it ...US!! absolutely ludicrous how this works.
I live in the south and work in the HVAC business. Let me tell you business is slow right now and its the hottest part of the year. It's really bad out here, and it's getting worse.
We are the ones caught in the cross-hairs. The many, who were waking, now slumber in "soap operas". The market looks great, oil is down, what could be wromg??
Fools.
Those of us here know of the times coming.
The road grows dark with uncertainty and fear. We look to each other to get the nod, "we'll be alright", and ride on.
The way is rough and dangerous, the many will not ride on, they stay....God help them.....
They, the financials welcome any news to divert attention. Now, they have it.
ie.; The Olympics, The Russian conflict, and as mentioned the John Edwards soap opera, oh, get ready for the next two weeks of did he have the affair??? LOL
The financials are the main story now. But, there are "other" situations at hand that in normal times, would be crippling...How about, for instance, the big three. Mainstream would be singing the song of sorrows...but nothing...
Mainstream diverts our attention with what we called in the music business "filler", you know, "John Edwards admits to having an affair", Give me a break....
The financial devastation happening; WaMu, RBS, Citi, etc., are bsically doomed, just a matter of time. The billions and billions needed soak them for all their worth and more....It will not be long...
There is a slight deflation going on due to the purging of equity lines and home refiancing. You have to realize that equity lines and refiancing added to the money supply. Now that these "home ATM's" are going away, that will contract the money supply & cause the dollar to temporarily rally, and then, hyperinflation will set in.
watching the markets the last couple of weeks reminds me of Edgar Allen Poes' "Masquerade" the whole thing is surreal...we understand the truth and reality of the situation but things are continuing on like things are normal...
i looked at this video a month or so ago..its about strange stockmarket events last september. the more i think about it the more it looks like a dry run test of some sorts by the government ..its only a couple of minutes long ...a few of you take a look and give an opinion...v=j3i2jgI_QFw
Remember last august how things hit hard and fast, expect the same thing very soon. The fed rate is at 2%, nothing has changed for the dollar. The main street collapse continues. If you choose to go with conventional wisdom, good luck and buyer beware.
In the last 10 years we have seen oil decline 40% 3 separate times, were only down 20%. How fast they forget, oil hit an all time high 4 weeks ago and its up 100% from last year. Amazing, oil is up 100% from last year and you have people talking about deflation. We have seen very light demand destruction and absolutely NO dependency destruction.
The banks are up an average of 26% since July 3rd, yet NOTHING fundamentally has changed, if anything its worse.
people think the drop in oil prices is good, dont they understand a 'worldwide recession' is in progress? declining prices indicates. everything is gearing down or stopping-as for the financials-26% of nothing i still nothing. Ever wonder why the FED has "opened" the window for freddie and fanny-the dollar is dead-its just paper-its very easy to give people paper/electronic dollars when it will be worthless very very soon.its like giving away stuff before you die
Techincally yes, we may be in a deflation. What really matters is the consequence to the main street, which is bad whether you call it stagflation or deflation. Good article, except for the title.
what if russia decides to dump dollars over our involvement in the georgia conflict? What if they can get vuezeneula to dump the dollar? Cuba and Vuezeneula are allies...russia is refocusing on cuba...friend of my friend is my friend?
The russian conflict can very well spiral out of control.
You see, still in the picture is Putin, whom never left, why?
Power.
Mevedev is but a puppet. The real power lies with Putin, who does not like, or for that matter, cares what the Bush administration thinks. Gazprom (Russian gas giant) has a pipeline running smack dead through Georgia. This can't be good. Interesting development.
I will post this weekend for sure, a lot people making bad financial decisions based off of the stock market this week. Yet who would of thought the CNBC'ers would be celebrating 11,700 during the summer of 2008, shouldn't we be hitting Dow 15,000 according to all the forecast earlier this year.
2. Are you aware of a new problem called Auction Rate Bonds which are estimated at between $400 to $500 Billion? The Fed will have to pony this money up as the problem is focused on just those institutions that are already at the Fed Begging Bowl window. Logically, if they are borrowing to retain wiggling room, it is simple logic to understand the new problem is very much the Fed's problem, which in turn is another problem for your kids to bear.
3. Do you really believe that because technicals are presently supporting the dollar it will regain its prior position as the universal Reserve Currency of choice?
4. Do you really believe that your retirement funds will regain the value that has been stripped away by all forms of Securitized Investment Vehicles?
5. Do you really believe that there is such a thing as global demand destruction in the energy sector as Asia keeps ticking at high economic levels?
6. Do you really believe that after the Olympics are over that China will collapse?
7. Do you really believe that Europe's economic situation will be more severe that the USA's? Have you noted that the USA had a rather good head start towards a severe recession?
8. Do you really believe that any currency is a better storehouse of value than gold?
9. Do you really believe that all the OTC derivative problems are now behind us?
10. Do you really believe that the credit market is loosening up enough to benefit credit-starved businesses?
11. Do you really believe that the public entities whose entire business involves insuring the value of debt instruments can really make good as bankruptcies increase?
12. Do you really believe that present inflation is demand driven?
13. Do you not know that the price increases now being witnessed are a product of monetary inflation for which increased interest rates render no effect?
14. Do you not know that the ECB's action of leaving rates unchanged favors the euro over the dollar?
15. Do you really believe that the next move of rates in the US is up?
"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
H Hoover, May 1, 1930
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
23."I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
24."For the immediate future, at least, the outlook (stocks) is bright."
17. "...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
Harvard Economic Society (HES), November 2, 1929
18."... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
16. "The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
15."The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged 15. eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
12. "Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
R. W. McNeal, financial analyst in October 1929
13. "Hysteria has now disappeared from Wall Street."
The Times of London, November 2, 1929
14. "The end of the decline of the Stock Market will probably not be long, only a few more days at most."
Irving Fisher, Professor of Economics at Yale University, November 14, 1929
11. "This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
9."We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929
10. "Buying of sound, seasoned issues now will not be regretted"
E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
5."There may be a recession in stock prices, but not anything in the nature of a crash."
Irving Fisher, leading U.S. economist , New York Times, Sept. 5,1929
6."Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
4. "No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
Pompous Stock Market Predictions Before Crash of 1929:
1."We will not have any more crashes in our time." John M. Keynes-1929
2."I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
E.H.H. Simmons, President NY Stock Exchange,
Jan. 1928
3."There will be no interruption of our permanent prosperity."
Great post. The profligate mendacity of our, government, courts, media, and financial systems is astounding. It is my profoundest hope AMERICANS WAKE UP before it is too late.
Hey, KMSbear, its not surprising they aren't reporting on us preparing georgia for war (like we did Osama against the russians too.) Maybe its to distract russia and give us a chance to attack IRAN? i don't know
the Phoebus framework on its network as an experimental research and development prototype that aims to provide significant performance improvements for long distance, high-capacity data transfers like those critical to large-scale research projects like the Large Hadron Collider."
I was trying to find out something on Internet 2. Someone mentioned on montagraphs latest vid, get as many vids as he can before Internet 2 is implemented... ?
The dollar is in rally. Today, the Euro had the biggest loss in 8 years, Oil price going down. Everything seems inverted as it was predicted.
I totally agree with most of the post, but I don't understand this nebula. The downturns seem to be smaller than the upturns, which seem to be getting higher and higher favoring the dollar much more.
What do exactly need to happen in order to see this collapse? What exactly will trigger this. Seems to me like a rollercoaster. Comments?
The drowning man is taking in his last gasp, it almost looks as if he's about to swim, but he's not.
If you have been in the know for a while, you would have been through this about 50 times in the last year. They rally off of assumptions and then when enough truth piles on, the stock market drops.
The dollar strength is based off of short term manipulation, nothing fundamentally has changed.
Yep, totally agree, it seems like the last kicks before getting totally strangled.
Makes me wonder how people is sheep enough to buy into this market... Either they know something we don't or the are extremely stupid...
Either way, believe it or not, I've starting to have migrains just for watching news channels. The only financial program I watch now is the Nightly Business Report on KQED...
It seems to me it is the most accurate and objective, without the BS propaganda...
It's a bear market rally, Oscar3d. If you aren't experienced at playing the markets on a daily basis and know exactly what you're doing (Like V.V.), get out. Sell high and get out. This is just another bump on the way down. The current rally could hit 12,000 - or just a bit above that (Mebbe even 12,500???)- before it drops again. Over the next few days will be a good time to buy gold and silver at a coin dealer or other retailer near you. Stock up the pantry, too. Your mileage will vary.
Bad news about Fennie and it's green? Look like the market is basing everything on oil price movement now and nothing else matter. I bought tons of gold and silver yesterday ... I thought it was holding around this area.. damm, would had been nice waited today.
"Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service."
Wow! Gold and Silver are in a free fall!! Boy do I feel like an idiot....even thought the USD is taking a hit....the world economy seems to be taking a bigger hit so apparently the USD now looks good........when will the tide turn? Can't believe I betting on the death of the US economy.
You have to see the movie I.O.U.S.A. I haven't seen it yet, but I've seen the previews. The trailer is on youtube. I hate to think of the death of the US economy too, but you can either be realistic and prepare, or play ostrich and keep your head in the sand.
What an awesome time to have one last shot to purchase metals. If I were the bettin' type, I would wager that this dip will be followed by unprecedented gains. Probably peak sometime in the next 12 months (partly because debasing of our currency, partly because the replacement currency will be silver backed, partly because the 8 ball said 'Highly Probable'). I love you mysterious globe of wisdom.
gold and silver is going lower...manipulation? buying opportunity? but its certainly making people lose faith in it...how much longer can they keep controlling the prices
Look at gold and silver in August 2007. It did exactly what it is doing now. Then it took off from mid August to March of 2008. Patience is the name of the game.
Do it again. This time give accurate information you have NO IDEA what you are talking about. Don't get your information from a magazine bOtArD>>>>>
BackslapFTW 2 years ago
This has been flagged as spam show
suficiente hermosa" y ahora que haz leido esto ella aparecera en tu espejo diciendo que no eres lo suficientemente hermoso y te matara!(por cierto la chica llamada Mary murio poco despues)Para poder salvarte pega esto en otros 5 videos.ESTO ES SIERTO!!!!
girafa1100 2 years ago
CivysCare4Sol, credit default swaps are dragging down the banking system. Mark to market is is collapsing the asset valuations and thereby collapsing the credit rating of the banks. Banks r failing because their asset valuations are making them insovlent on paper. As credit ratings fall their collateral obligations rise, they don't have the cash so they close. Closed banks don't lend. Enter Geithner. Solution is quantitative easing, then inflation, then higher rates, then less, not more credit.
iamgabrielf 3 years ago
Good to see that we can write with opposing views and not be censored here :)
As the credit circulations are secured by intervention in relation between (banks) & (corporations/retailers) the real economy will be insulated during 2009.
Past impossiblities are now possible & the house building systems will eventually be secured by the public and the housing crisis will secured from privatised incompetance.
Despite all the past gloom spouted by invester
elites,rises in unemployment will be halted.
CivysCare4Soldiers2 3 years ago
Does this not mean that in the long run America will have to stop speculating in housing and all land based real estate in general. Does this not mean that we have to eliminate all subsidies for home ownership via tax deductions and low interest mortgage money since all these policies meant to make home ownership more affordable have only resulted in encouraging speculation and increased costs for housing. The best we can do for the next generation is demand the end to real estate speculation.
ourearthhome 3 years ago
with the 700 trillion + bailout, none should be evited, we are paying for the crocks who bundled and sold those mortgages. Bear Sterns, Goldman Sachs, AIG, etc. all got rescued , why not the home owners?
ngonea 3 years ago
You are on point!
-G
"All I Ever Wanted Was To Do Right (Riiight)"
GagnezTV 3 years ago
This has been flagged as spam show
F with webcam. MSG me on MSN. ID is in my profile. Z
Josecord 3 years ago
You know the banks where I live (canada) keep sending me credit card/loan offers in the mail.
When are people going to learn? Only buy what you can afford. Now look at usa. Everyperson is in debt up their eyeballs. I hope Canadians are not as stupid as this. I take this offers and throw them in trash Like how I delete spam in my email. no seconds thoughts. Debt is not good.
12643 3 years ago
Its not that simple. I, for one, stayed within my means; but my means kept shrinking. Now I am borrowing to pay the rent that I managed to keep below my neighbors'. Everything is raising and my pay is decreasing and so are my hours.
I stopped using charge cards. My clothers are from the clearence rack - when I do buy.
I don't even watch tv. I don't own a car because of the cost. and I am behind in everyghting
Ba101 3 years ago
I invested in a Fellowes paper shredder (the one with the bulldog) complete with credit card annihilator. Best investment and decision I every made. We have shredding parties. Shredding gives you a sense of power and it is quite relaxing. Now matter how many times you tell these companies to stop with their campaign to sell you into usury, they press on with all those mail offers. My shredder has done me proud.
jdc8000 3 years ago
They removed the ron paul video link you had in your "more info section
skizm22 3 years ago
I am going through everything you were talking about regarding - being upside down with the home - I had to walk away - That was my only choice and I do not regret it one bit. Your right on -
boosuff 3 years ago
Thank you this is an excellent video. I would love to buy gold or silver, but I am too busy fighting to keep my house. I sued my lenders, only to find there is no law to support the consumer who is victimized by the bank. New Century transferred my loan one day before filing bankruptcy, even though I sued before that, the new bank OCWEN is supposedly entitled to force me to pay for the exact same loan I disputed. Any Help there?
BlaqRubi 3 years ago
cant buy gold on waiting list, ya nothing new you say, but thanks
appregios 3 years ago
Nice vid, you know your stuff. Keep up the good work!
Pikers81 3 years ago 5
everyone gets what they deserve
16fingers 3 years ago
Yes of course the US does have exports, but the imports are much more.
Importantly, the US is a net importer of oil and natural gas. It is not at all self-sufficient on oil.
The lack of energy indepedence will be a constant achilles heel of the US economy.
rseveran 3 years ago 2
BUT that's no reason to justify the crazies who think off-shore drilling is a good idea. The fossil fuel era is over. Green energy is not only an issue of continued survival but national security.
MomSaysImCool 3 years ago
~~~ Great info! ~~~SuperJ
jwilldoutube 3 years ago
If Silver went to $1,000oz - Gold would be $50,000oz plus..... i'd be pretty amazed to see that!
I have alot of Silver - i'd be happy for it to get to $30oz at the moment!
dojufitz 3 years ago
@dojufitz
By that time it has happened, I don't think you can buy back ordinary goods with the dollar, coz it's going to worth less than sh*t when that happens.
Same thing with the hyperinflation problem in Zimbabwe.
For all we know, an egg would cost more than e.g. $100 if silver hit the $1k barrier.
But all in all, your "purchasing power" or your "blood+sweat" would still be conserved over time.
Cleric775 3 years ago
To start this inflation is all part of the plan,
Just look up "Shock Testing"
kJf1245 3 years ago
have a link to Chenny moved his money out of USD?
54spiritedwill54 3 years ago
You like the mystery gold and silver sell off eh? Well I new it would happen when I was buy gold and silver months ago.
But I said Nah they would not have the balls to show their hand like that.
Now it's holy fucking shit I forgot they have control of the media so it will not come out that this is happening.
davincij15 3 years ago 2
I remember back in the 80's that investment in Gold is gonna be a foolish decission ultimately...if gold prices can go up and down so much how secure is it really? Its still got a market value and if everyone does it who will afford to buy it at highs so how could you sell it? The prices will always be what the market demands and so many who buy high will loose as well as the price plummets..
jiminiflix 3 years ago
Gold went from 35 bucks to 600 in less than a decade, it cracked 800 on two seperate days and then went back to 600 and slowly went down. Everyone always brings up the 850, but it was one day out of 10 great years. I don't know about you, but i'll take 35 to 600 any day.
unreallogic 3 years ago
Better stock up on canned goods, ammo and silver. Silver's a much better investment than gold. Google "peak silver".
Mojopokey 3 years ago 5
Question. Why is silver a better investment than gold?
southdakota1001 3 years ago
Because tons of silver is used every day in electronics, etc. It's the BEST conductor of electricity. These electronic devices are disposed of, never to retrieve the silver. We are at "peak silver" right now. Many analysts say silver could easily be $1,000. an ounce real soon. Remember, gold is rarely discarded and is not as good a conductor of electricity. Supply & demand.
Mojopokey 3 years ago
I'd say I BUY both Gold and Silver.
I use Silver to count out the small change if I'm trading something.
Cleric775 3 years ago
As long as I have a bowl of rice per day my lover a tent over my head I can even get wireless Internet for the Tent.
wwwFamilyPrideOrg 3 years ago 3
14:19 GMT -- Russia's Interfax news agency quotes locals in Georgia claiming convoys of 'NATO military vehicles' are traveling to South Ossetia.
coultrane 3 years ago
loading a new video now, didn't get to even half my list, so may even do another one later this weekend.
Thx for all the support and comments.
Daniel
visionvictory 3 years ago
Just talked to a client that just got back from a cruise in northern Europe. She said a bottle of beer in a pub costs 10 USD.
goedeck1 3 years ago
"The Calm Before the Storm" - Seems the storm may be approaching.
mr1fed 3 years ago
"Russia completely devastated the port of Poti on the Black Sea, which is a key port for the transport of energy sources from the Caspian Sea and is close to the Baku-Supsa pipeline and the Supsa oil terminal," the Saturday statement said.
coultrane 3 years ago
SUKHUMI, Georgia (AP) — Separatist forces in Georgia's breakaway province of Abkhazia launched air and artillery strikes to drive Georgian troops from their bridgehead in the region, officials said.
Georgian President Mikhail Saakashvili said later Saturday that Georgian forces rebuffed the Abkhazian attacks. "Our men there are in high spirits," he said.
coultrane 3 years ago
KUT, Iraq (AFP) — Georgia will withdraw its entire 2,000-strong military contingent from Iraq within three days to help battle South Ossetian separatist rebels, a senior Georgian military official said on Saturday.
"We were ready to leave today, we are ready to leave immediately but we are waiting for the green light from Tbilisi," said Emzar Svanidze, a major with the Georgian military operation in Kut, where 1,700 troops are based.
coultrane 3 years ago
huge naval armada heading towards iran-no joke
mjc1377 3 years ago
The frightening thing is they say they are taking no options off the table, even nuclear first strike," Paul said. Paul believes from talking with his contacts in and around Congress that a strike on Iran has already been green-lighted.
"That is my sense because the Democratic leaders in the House are proposing no resistance whatsoever, Paul said. "We saw this when a supplemental bill came up and the president asked for $107 billion for the war, the Democrat leadership gave them $162 billion.
coultrane 3 years ago
thx for the comments
visionvictory 3 years ago
I.O.U.S.A.
interview with the director/creator...plus more clips of the movie..
revver(.)com/video/831294/iousa-iousa-movie-iousa-movie-trailer-patrick-creadon/
firethefed 3 years ago
thx for the info
visionvictory 3 years ago
Rep. Ron Paul has warned millions of radio listeners that the United States is heading into an illegal attack on Iran, stating his amazement at members of Congress who have openly voiced support for a criminal nuclear strike.
"If we do (attack) it is going to be a disaster," the congressman told the Alex Jones radio show. "I was astounded to see on one of the networks the other day that the debate was not are we going to attack, but are we going to attack before or after the election?"
coultrane 3 years ago
I'm in the library...
Just watched "Jumper" at home. The red pill very much on my mind...
Then... as sitting here, thinking... in the library... look up and see...
"Mona Lisa" poster on the end of a book shelf.
Tell me.. sweet synchronocities...
KMSbear 3 years ago
Does anyone notice that she reads a book... while she smiles at you?
Her gaze... also one of knowing... of seriousness... yet... calm assuredness.
KMSbear 3 years ago
lol
visionvictory 3 years ago
WATCH THIS!!
U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican
infowars(.)com/?p=3852
firethefed 3 years ago
Citigroup, Merrill to buy back $17 billion in auction-rate securities
The fixed-income investments, pitched as safe, tanked during the credit crisis.
Wall st. accountants must be busy cooking the books.
coultrane 3 years ago
VV, still think Sept 08 to Feb 09?
Kelvin701Lakeland 3 years ago
Yes, focus on main street no wall street. Main street will collapse the market within the next 6 months.
visionvictory 3 years ago
Fannie Mae and Freddie Mac report big lossses this week. Again we are going to bail them out. Where does the money come from on trees!!!! Wall street last week shows what vision is talking about. I urge everyone to get out of US dollars. Dick Chenney did.!!!!!!!!!!!! WHY what does he know
mightymouse1953 3 years ago
have a link to Chenny moved his money out of USD?
Kelvin701Lakeland 3 years ago
To all:
The grip of the mighty wizard is strong, his name not earned in vain. Bernanke is smart and sharp as a whip. TG is right, vision is right. The dollar grows in strength and there is profit to be had. The real story is the dollar has no "real" strength. This is truth. Manipulation is the word of the year.
The wresting of the numbers is comical at times. The August CPI must look good at all costs. The price at the pumps must decline, and will. The wizard is conjuring many spells. Beware.
taznruby 3 years ago
VV, what's your take on Gold, Silver prices now? Still think one should keep buying or wait it out before buying. OR even sell what one has? Market hasn't made sense to me at all on Friday. With Russia situation with Goregia, more banks losing money, Citi bank and other banks found guilty of fruad ... yet Oil went down hard, Gold/Silver went down HUGE. USD got stronger as well as bond. Market was up 300 plus. I can't make sense of this. It's bugging me a great deal. Like to hear your take.
Kelvin701Lakeland 3 years ago
Check out my comments from yesterday, I will also post a new video today.
thx for the comments
visionvictory 3 years ago
Keep it up vision, always enjoy your videos. I encourage people to stock up on food and water for the coming months. Even if nothing happens, you'll save money on groceries for awhile.
Envisionism 3 years ago
The dollar will continue to strengthen from here. The world was awash in easy money and credit. Now everywhere credit destruction reigns, de leveraging sometimes 20 to 1, banks not loaning. We will see $30 trillion worth of dollars vanish gone before this is over. Commodity bubble has burst, usually the last bubble to burst after massive worldwide expansion ends. The dollar will continue to rally as the rest of the world heads for recession and USA looks stronger.
TGSIII 3 years ago
check out the James Turk article on goldmoney. com
The dollar has no real strength.
visionvictory 3 years ago
i agree. But it will continue to rise from here. It works until it doesn't. You can't play the markets how you wish them to be you have to play them as they are or you will get crushed.
TGSIII 3 years ago
I agree with you about the markets, but main street will eventually cancel out all the market manipulation.
visionvictory 3 years ago
US produces virtually nothing and consumes everything. The American consumer is out of money and as you note running out of credit (serious drop in consumption). Housing prices haven't bottomed and the banks remain in serious trouble. There is NOTHING supporting the dollar. Post election we will see how strong the dollar really is. The whole point is that it's beginning not to work. M1 & M2 are up, & a global slow down is not contraction.
mr1fed 3 years ago
WASHINGTON (Reuters) - U.S. consumer credit expanded at the fastest rate in seven months in June as Americans turned to credit cards and consumer loans to maintain spending in the face of rising food and energy costs, a government report on Thursday showed.
June consumer credit rose $14.33 billion, or at a 6.7 percent annual rate, to $2.586 trillion, the Federal Reserve said. Analysts polled by Reuters were expecting a $6 billion rise.
coultrane 3 years ago
The US will need to cut back its consumption--we are seeing that already---- it is not fair to say the US produces virtually nothing. The US is the third biggest manufacturer in the world, one of the top couple of exporters and the biggest consumer in the world. The dollar is supported by the fact that over 50% of the world's contracts are denominated in dollars—this will take years to unwind- Don't mistake strong dollar for relative value at a given time. strong $ is guns and economic warfare
TGSIII 3 years ago
"it is not fair to say the US produces virtually nothing." - fair enough. Let me rephrase. The US GDP is 3 times the size of the next largest economy and yet it is the "third biggest manufacturer in the world". Relative to its own GDP, the US produces virtually nothing.
mr1fed 3 years ago
"The dollar is supported by the fact that over 50% of the world's contracts are denominated in dollars—this will take years to unwind- Don't mistake strong dollar for relative value at a given time. strong $ is guns and economic warfare" - The abuse of the US' status as the reserve currency by the US has gotten out of hand with no end in sight. How far can the US push the rest of the world? The US dollar has an extremely questionable value down the road and yet countries are to continue buying?
mr1fed 3 years ago
"The US is the third biggest manufacturer in the world" - It also consumes most of its manufacturing. Why would the rest of the world care about what the US produces for its domestic consumption? The world's only concern would be the US's manufacturing for export. How much manufacturing does the US export?? What does the rest of the world receive from the US?
mr1fed 3 years ago
The us is the third largest exporter in the world as well.
TGSIII 3 years ago
And, how much does it import vs export? How big is the trade deficit vs other countries? What is the gap filled with? You think this is sustainable? How does this support the value of the dollar? If the dollar does rise further, exports become more expensive and will decline, will they not? Won't this result in an increased deficit?
mr1fed 3 years ago
James Turk has a good book out about the dollar collapse
dbztiki 3 years ago
Breaking News on Drudgereport:
"Russian jets targeted major oil pipline..."
visionvictory 3 years ago
"Russia said it had seized the rebel capital, Tskhinvali, but Georgia denied the claim on the second day of fighting that threatens oil and gas pipelines seen as crucial in the West." AP
visionvictory 3 years ago
Its funny how the Bush Admin is so arrogant with smaller countries. But chooses to remain "diplomatic" when Russia is Involved.
Repomex01 3 years ago
Hard evidence that 911 was staged. They killed there own citizens..NOTHING HAPPENS!!
Hard evidence that Bush should be impeached...NOTHING HAPPENS!!!
They sure have dumbed down the people ..we let this shit happen and do nothing...
They now know they can do anything and we will just sit here and take it.....
WHATS NEXT?..... what ever it is its planned
Its sad that our own government is so out of control..
firethefed 3 years ago 3
worst thing bout all this is that the big guys are bailing out the big guys for their stuff ups....and who has to pay for it ...US!! absolutely ludicrous how this works.
myspacesecrets 3 years ago
I live in the south and work in the HVAC business. Let me tell you business is slow right now and its the hottest part of the year. It's really bad out here, and it's getting worse.
uzda4ce 3 years ago
But seriously,
We are the ones caught in the cross-hairs. The many, who were waking, now slumber in "soap operas". The market looks great, oil is down, what could be wromg??
Fools.
Those of us here know of the times coming.
The road grows dark with uncertainty and fear. We look to each other to get the nod, "we'll be alright", and ride on.
The way is rough and dangerous, the many will not ride on, they stay....God help them.....
taznruby 3 years ago 2
They, the financials welcome any news to divert attention. Now, they have it.
ie.; The Olympics, The Russian conflict, and as mentioned the John Edwards soap opera, oh, get ready for the next two weeks of did he have the affair??? LOL
taznruby 3 years ago
The financials are the main story now. But, there are "other" situations at hand that in normal times, would be crippling...How about, for instance, the big three. Mainstream would be singing the song of sorrows...but nothing...
Mainstream diverts our attention with what we called in the music business "filler", you know, "John Edwards admits to having an affair", Give me a break....
taznruby 3 years ago
My fundamental philosophy is that there is only ONE LOVE.
coultrane 3 years ago
Today was rare, no bank closings.
The financial devastation happening; WaMu, RBS, Citi, etc., are bsically doomed, just a matter of time. The billions and billions needed soak them for all their worth and more....It will not be long...
taznruby 3 years ago
Prepare NOW.
coultrane 3 years ago
There is a slight deflation going on due to the purging of equity lines and home refiancing. You have to realize that equity lines and refiancing added to the money supply. Now that these "home ATM's" are going away, that will contract the money supply & cause the dollar to temporarily rally, and then, hyperinflation will set in.
kidbilly1970 3 years ago
watching the markets the last couple of weeks reminds me of Edgar Allen Poes' "Masquerade" the whole thing is surreal...we understand the truth and reality of the situation but things are continuing on like things are normal...
centervilletn 3 years ago
i looked at this video a month or so ago..its about strange stockmarket events last september. the more i think about it the more it looks like a dry run test of some sorts by the government ..its only a couple of minutes long ...a few of you take a look and give an opinion...v=j3i2jgI_QFw
centervilletn 3 years ago
That's what happens when you don't shoot some fat people down.
seppukuhierarchy 3 years ago
Remember last august how things hit hard and fast, expect the same thing very soon. The fed rate is at 2%, nothing has changed for the dollar. The main street collapse continues. If you choose to go with conventional wisdom, good luck and buyer beware.
visionvictory 3 years ago
In the last 10 years we have seen oil decline 40% 3 separate times, were only down 20%. How fast they forget, oil hit an all time high 4 weeks ago and its up 100% from last year. Amazing, oil is up 100% from last year and you have people talking about deflation. We have seen very light demand destruction and absolutely NO dependency destruction.
The banks are up an average of 26% since July 3rd, yet NOTHING fundamentally has changed, if anything its worse.
visionvictory 3 years ago
people think the drop in oil prices is good, dont they understand a 'worldwide recession' is in progress? declining prices indicates. everything is gearing down or stopping-as for the financials-26% of nothing i still nothing. Ever wonder why the FED has "opened" the window for freddie and fanny-the dollar is dead-its just paper-its very easy to give people paper/electronic dollars when it will be worthless very very soon.its like giving away stuff before you die
centervilletn 3 years ago 2
Iam posting this again. What happens when these get popular? ( BTW I am excited about Air cars )
popularmechanics(.)com/automotive/new_cars/4251491(.)html?series=19
And even if Oil goes down to $80, it is not going to affect the outcome in any significant way - especially for the mainstreet.
gods2fight 3 years ago
Read an article earlier about this car, I believe India wants to go ahead with production.
The United States expects putting them on the road here in 2010
taznruby 3 years ago
vision is right on all counts
centervilletn 3 years ago
Techincally yes, we may be in a deflation. What really matters is the consequence to the main street, which is bad whether you call it stagflation or deflation. Good article, except for the title.
seekingalpha(.)com/article/69979-the-fed-is-deflating-10-reasons-why
gods2fight 3 years ago
Food and oil prices go up, anything related to housing is coming down ( Lowes installing carpets for $249 for entire house ? ).
Would people here agree that Fed is trying to inflate its way out?
gods2fight 3 years ago
So deflation followed by hyperinflation is a likely consequence if other govts decide to dump the dollar.
gods2fight 3 years ago
what if russia decides to dump dollars over our involvement in the georgia conflict? What if they can get vuezeneula to dump the dollar? Cuba and Vuezeneula are allies...russia is refocusing on cuba...friend of my friend is my friend?
centervilletn 3 years ago
center,
The russian conflict can very well spiral out of control.
You see, still in the picture is Putin, whom never left, why?
Power.
Mevedev is but a puppet. The real power lies with Putin, who does not like, or for that matter, cares what the Bush administration thinks. Gazprom (Russian gas giant) has a pipeline running smack dead through Georgia. This can't be good. Interesting development.
taznruby 3 years ago
I will post this weekend for sure, a lot people making bad financial decisions based off of the stock market this week. Yet who would of thought the CNBC'ers would be celebrating 11,700 during the summer of 2008, shouldn't we be hitting Dow 15,000 according to all the forecast earlier this year.
visionvictory 3 years ago
Ask yourself the following questions:
1. Are US banks more trustworthy today than they were on Monday?
mr1fed 3 years ago
2. Are you aware of a new problem called Auction Rate Bonds which are estimated at between $400 to $500 Billion? The Fed will have to pony this money up as the problem is focused on just those institutions that are already at the Fed Begging Bowl window. Logically, if they are borrowing to retain wiggling room, it is simple logic to understand the new problem is very much the Fed's problem, which in turn is another problem for your kids to bear.
mr1fed 3 years ago
3. Do you really believe that because technicals are presently supporting the dollar it will regain its prior position as the universal Reserve Currency of choice?
4. Do you really believe that your retirement funds will regain the value that has been stripped away by all forms of Securitized Investment Vehicles?
mr1fed 3 years ago
5. Do you really believe that there is such a thing as global demand destruction in the energy sector as Asia keeps ticking at high economic levels?
6. Do you really believe that after the Olympics are over that China will collapse?
7. Do you really believe that Europe's economic situation will be more severe that the USA's? Have you noted that the USA had a rather good head start towards a severe recession?
mr1fed 3 years ago
8. Do you really believe that any currency is a better storehouse of value than gold?
9. Do you really believe that all the OTC derivative problems are now behind us?
10. Do you really believe that the credit market is loosening up enough to benefit credit-starved businesses?
11. Do you really believe that the public entities whose entire business involves insuring the value of debt instruments can really make good as bankruptcies increase?
mr1fed 3 years ago
12. Do you really believe that present inflation is demand driven?
13. Do you not know that the price increases now being witnessed are a product of monetary inflation for which increased interest rates render no effect?
14. Do you not know that the ECB's action of leaving rates unchanged favors the euro over the dollar?
15. Do you really believe that the next move of rates in the US is up?
mr1fed 3 years ago
16. Do you really believe that all those central banks seeking to diversify out of the US dollar have changed their minds?
17. Do you feel certain that Israel will permit Iran to reach that point where a push of a button can incinerate its citizens?
18. Are you sure that Pakistan holds no challenge to life as we know it on this planet?
mr1fed 3 years ago
If the answer to all the above is yes then buy some cheap financials, sell all your non-dollar currencies and go long the good old greenback.
If you do not accept all the above as reality then be calm. As long as you are not on margin you have no problem.
The only result of this week's market action may be to postpone gold's ascent to $1,200 by 90 days. That is a big maybe, however.
-Jim Sinclair
mr1fed 3 years ago
This has been flagged as spam show
thx for all the comments
visionvictory 3 years ago
@mr1fed
Another great piece of advice.
coultrane 3 years ago
thumbs up :)
visionvictory 3 years ago
"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
H Hoover, May 1, 1930
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
President F.D. Roosevelt, 1933
PrepNow 3 years ago
Jim Sinclair -
"A billion seconds ago it was 1959.
A billion dollars ago was only 8 hours and 20 minutes at the rate our government is spending it."
mr1fed 3 years ago
23."I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
24."For the immediate future, at least, the outlook (stocks) is bright."
Irving Fisher, Ph.D. in Economics, in early 1930
PrepNow 3 years ago
Great posts!
mr1fed 3 years ago
19. "In most of the cities and towns of this country, this Wall Street panic will have no effect."
Paul Block (President of the Block newspaper chain), editorial, Nov 15, 1929
20. "Financial storm definitely passed."
Bernard Baruch, cablegram to W. Churchill, Nov 15, 1929
21. "I am convinced that through these measures we have reestablished confidence."
Herbert Hoover, Dec 1929
22. "[1930 will be] a splendid employment year."
U.S. Dept. of Labor, New Year's Forecast, Dec 1929
PrepNow 3 years ago
17. "...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
Harvard Economic Society (HES), November 2, 1929
18."... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
HES, November 10, 1929
PrepNow 3 years ago
16. "The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
Business Week, November 2, 1929
PrepNow 3 years ago
15."The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged 15. eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
PrepNow 3 years ago
12. "Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
R. W. McNeal, financial analyst in October 1929
13. "Hysteria has now disappeared from Wall Street."
The Times of London, November 2, 1929
14. "The end of the decline of the Stock Market will probably not be long, only a few more days at most."
Irving Fisher, Professor of Economics at Yale University, November 14, 1929
PrepNow 3 years ago
11. "This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
PrepNow 3 years ago
9."We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929
10. "Buying of sound, seasoned issues now will not be regretted"
E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
PrepNow 3 years ago
7. "This crash is not going to have much effect on business."
Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929
8. "There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929
PrepNow 3 years ago
5."There may be a recession in stock prices, but not anything in the nature of a crash."
Irving Fisher, leading U.S. economist , New York Times, Sept. 5,1929
6."Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
Irving Fisher, Ph.D. in economics, Oct. 17, 1929
PrepNow 3 years ago
4. "No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
Calvin Coolidge December 4, 1928
PrepNow 3 years ago 2
Pompous Stock Market Predictions Before Crash of 1929:
1."We will not have any more crashes in our time." John M. Keynes-1929
2."I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
E.H.H. Simmons, President NY Stock Exchange,
Jan. 1928
3."There will be no interruption of our permanent prosperity."
M.E. Forbes, Pierce Arrow Motor Car Co. Jan 1928
PrepNow 3 years ago 2
Great post. The profligate mendacity of our, government, courts, media, and financial systems is astounding. It is my profoundest hope AMERICANS WAKE UP before it is too late.
coultrane 3 years ago
You know when CNBC is giddy its time to short!
pinkcheesegreengh0st 3 years ago 2
Is Victory Vision a Goodlooking Prophet of Doom
I blame God's Judgment and Gay Marraige becoming law in California
800 Dry Lighting Strikes in California
Invest in Private Run Prisons on Stock Market
wwwFamilyPrideOrg 3 years ago
Move to Europe the € Euro is strong
Invest in Organised Religion
Candles
and Sausages lol
wwwFamilyPrideOrg 3 years ago
Russia bombs Georgia. Financials failing. Gov. Nationalizes Fannie and Freddie. Ford posts largest lost ever.
An the Dow is ralling 300 points. Prepare now!
coultrane 3 years ago
"Did the U.S. Prep Georgia for War with Russia?"
blog(dot)wired(dot)com/defense/2008/08/did-us-military(dot)html
Why isn't our news telling about where we are in the middle of this turmoil? Annoying to say the least!
KMSbear 3 years ago
Hey, KMSbear, its not surprising they aren't reporting on us preparing georgia for war (like we did Osama against the russians too.) Maybe its to distract russia and give us a chance to attack IRAN? i don't know
sbmillionair 3 years ago
Wow... interesting thought.
There are so many smoke screens these days... who knows!!
KMSbear 3 years ago
Isn't it amazing? Oil hit $115 today! Looks like more people will hit the roads for vacation!
SilverWealth23 3 years ago
Wait till u see the price of oil next summer and after the olympics. Gold is soon to start it's annual run.
bdc03 3 years ago
You are 100% in my opinion. t
thx for the comments
visionvictory 3 years ago
"CERN has today announced that the first attempt to circulate a beam in the Large Hadron Collider (LHC) will be made on September 10, 2008."
wiki.internet2(dot)edu:443/confluence/display/realtime/2008/08/08/CERN+announces+start-up+date+for+LHC
KMSbear 3 years ago
"Internet2 today announced it is deploying
the Phoebus framework on its network as an experimental research and development prototype that aims to provide significant performance improvements for long distance, high-capacity data transfers like those critical to large-scale research projects like the Large Hadron Collider."
mail(dot)internet2(dot)edu/wws/arc/i2-news/2008-07/msg00003(dot)html
KMSbear 3 years ago
Last comment dated July 22nd, 2008.
I'm just wondering how this is all connected.
I was trying to find out something on Internet 2. Someone mentioned on montagraphs latest vid, get as many vids as he can before Internet 2 is implemented... ?
KMSbear 3 years ago
The dollar is in rally. Today, the Euro had the biggest loss in 8 years, Oil price going down. Everything seems inverted as it was predicted.
I totally agree with most of the post, but I don't understand this nebula. The downturns seem to be smaller than the upturns, which seem to be getting higher and higher favoring the dollar much more.
What do exactly need to happen in order to see this collapse? What exactly will trigger this. Seems to me like a rollercoaster. Comments?
oscar3d 3 years ago
The drowning man is taking in his last gasp, it almost looks as if he's about to swim, but he's not.
If you have been in the know for a while, you would have been through this about 50 times in the last year. They rally off of assumptions and then when enough truth piles on, the stock market drops.
The dollar strength is based off of short term manipulation, nothing fundamentally has changed.
visionvictory 3 years ago
Yep, totally agree, it seems like the last kicks before getting totally strangled.
Makes me wonder how people is sheep enough to buy into this market... Either they know something we don't or the are extremely stupid...
Either way, believe it or not, I've starting to have migrains just for watching news channels. The only financial program I watch now is the Nightly Business Report on KQED...
It seems to me it is the most accurate and objective, without the BS propaganda...
oscar3d 3 years ago
It's a bear market rally, Oscar3d. If you aren't experienced at playing the markets on a daily basis and know exactly what you're doing (Like V.V.), get out. Sell high and get out. This is just another bump on the way down. The current rally could hit 12,000 - or just a bit above that (Mebbe even 12,500???)- before it drops again. Over the next few days will be a good time to buy gold and silver at a coin dealer or other retailer near you. Stock up the pantry, too. Your mileage will vary.
wrb1957 3 years ago
Now there's an investment....
SPAM!
pennlive(dot)com/columns/patriotnews/reeves/index(dot)ssf?/base/columnists/1214180707138970(dot)xml&coll=1
KMSbear 3 years ago
Now... if they write an executive order, confiscating Spam...
KMSbear 3 years ago
Bad news about Fennie and it's green? Look like the market is basing everything on oil price movement now and nothing else matter. I bought tons of gold and silver yesterday ... I thought it was holding around this area.. damm, would had been nice waited today.
Kelvin701Lakeland 3 years ago
Gold and Silver Confiscation
Executive order in 1933 (text at website listed below)
austincoins(dot)com/confiscation(dot)htm
KMSbear 3 years ago
"Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service."
KMSbear 3 years ago
"Willful failure to submit to the confiscation was punishable by up to ten years in jail and/or up to a $10,000 fine."
users(dot)rcn(dot)com/mgfree/Economics/goldHistory(dot)html
KMSbear 3 years ago
You people see the spike up in the dollar this morning??.........
Fools rallie.. The people that jump in here are going to get killed!!
firethefed 3 years ago
What the hell is happening with Russia and Georgia?
purenirvana 3 years ago
Wow! Gold and Silver are in a free fall!! Boy do I feel like an idiot....even thought the USD is taking a hit....the world economy seems to be taking a bigger hit so apparently the USD now looks good........when will the tide turn? Can't believe I betting on the death of the US economy.
huskie767 3 years ago
You have to see the movie I.O.U.S.A. I haven't seen it yet, but I've seen the previews. The trailer is on youtube. I hate to think of the death of the US economy too, but you can either be realistic and prepare, or play ostrich and keep your head in the sand.
elpilotoazul 3 years ago
What an awesome time to have one last shot to purchase metals. If I were the bettin' type, I would wager that this dip will be followed by unprecedented gains. Probably peak sometime in the next 12 months (partly because debasing of our currency, partly because the replacement currency will be silver backed, partly because the 8 ball said 'Highly Probable'). I love you mysterious globe of wisdom.
jcwitness 3 years ago
Highly probable, LOL, JC I'm a working comedian AND THATS FUNNY.
mrfunnyman99 3 years ago
secretorchid - you tube . com/watch?v=3u2qRXb4xCU
valahian 3 years ago
I can only say the following link points to the best video of the year watch?v=3u2qRXb4xCU.
valahian 3 years ago
hI VALAHIAN,
WHAT IS THE BEST VIDEO TO WATCH? HOW COME IT PRINTS OUT V=3U2QrxB4CU? Is that a real site to type in?
secretorchid 3 years ago
lol- loved it
visionvictory 3 years ago
Daniel,
Do you mean you visited an authentic ghost town, or it is a vacation resort but it was not busy?
I guess you were nursing your cold, I hope you had lemon and honey or ginger tea. We need a new video from you!!
Secret orchid
secretorchid 3 years ago
two vactaion towns that were not busy. Both S. California.
visionvictory 3 years ago
In the UK our house prices have dropped 8% in total we think that's the end of the world until we noticed the usa is 17% drop to date .
StGeorgesDay1 3 years ago
gold and silver is going lower...manipulation? buying opportunity? but its certainly making people lose faith in it...how much longer can they keep controlling the prices
teemu1381 3 years ago
Look at gold and silver in August 2007. It did exactly what it is doing now. Then it took off from mid August to March of 2008. Patience is the name of the game.
mr1fed 3 years ago
thx for the comments
visionvictory 3 years ago
Yeha mr1fed is right, i just looked at the chart. It will go up soon if it does the same thing its been doing for years
sbmillionair 3 years ago
Fred and all, Nov - Dec is marriage season is India. All likely hood gold will have a run up .
gods2fight 3 years ago