It is brutal out there right now. I think we have a cover up. The signs are screaming in our face. That the markets are too out of control. And our leadership means well, but has been ineffective this far.
People are stooping to all time lows out there over promising with optimism and getting screwed. Too many working people I know got screwed with salaries, clients, etc.
Then you have people still living totally nigger rich (sorry not a racist but just frustrated right now).
Our government is famous for dancing sideways in a bad situation, and that is what they have done here. The economy will fall, it's just a matter of when. If you think we will not have a depression, I will pray for you. It will happen quickly when it does come, and I think it will start this Sept. but may go slowly for another 9 months after that. Then POW! I pray we are all wrong, but it doesn't look like it to me. It's going down, just look around.
For a sober, thought out view, look up Nuriel Roubini. This man predicted the credit crises, and is now predicting a U shaped recovery for 2010 onwards. I hate to disapoint, but the future is positive.
Wht havent we seen any economic meltdown ? I know unemployment is rising etc, but I think the credit crisis shocked public confidence in the financial institutions, and people are saying - well if they can get it so badly wrong, well what is next.
@MrColt45acp I remember that song Around 1985, right ? A whole generation ago, and there was a lot of doom and gloom then too. And thatcher and Reagan pulled a rabbit out of a hat and we all got richer than ever. Or so we thought. So, whats to say it wont happen again. See, all this doomsday stuff is a way of getting your attention and controlling you. I know what I;m talking about, I'm a catholic
I just realized that this was posted January two thousand EIGHT! I watched it thinking it was posted a few weeks ago because my mind is still stuck in 2008 - if someone says 2008 I still sometimes think they're talking about this year. WOW. PERFECTLY accurate. Turn on CNN and you will hear people saying exactly what he just did.
excellent outlook that came all too true. People were mentioning recession and depression (a little less)for years only to fall on deaf ears. People are losing their jobs left right and center that I'm not sure how they will feed their families. Exactly how many we won't know. God help us all. I look forward to watching your other videos for analysis.
I believe we (the US and Europe) have been enjoying a way of living well above what we could actually afford for decades. Now, it's time to pay back for our debts... The globalization has its pros and cons: it benefited our taste for luxury (in part because we've been exploiting the poorest) but also weakened us... Where are the industries producing most of our basic goods? China... We may have become too dependent... Autonomy is a strenght, especially in crisis time.
"Loot the looter." The Russian peasants now the factory workers work not any smarter but harder. So a communist committee make them any richer. What wealth that had been spread around was in an all state own factories but the workers no longer working on the land were still working in somebody else factory. What the workers were working on. It was not getting Lenin any richer. Depression started here and ended up dying the deficit death throughout more than the Stalin 5 year plan.
RAND Lobbies Pentagon: Start War To Save U.S. Economy
According to reports out of top Chinese mainstream news outlets, the RAND Corporation recently presented a shocking proposal to the Pentagon in which it lobbied for a war to be started with a major foreign power in an attempt to stimulate the American economy and prevent a recession.
debate has now ensued in China about who that foreign power may be, with China itself as well as Russia suspected to be the targets of aggression.
Hello Jberni1: It's very interesting that you know about what's going on in our economy. Tell us more what you think will happen in the future. Very informative, thanks.. Kate
I am more worried about tarrif policy. Every nation claims that they have free trade but every nation either subsidizes or taxes certain goods. In both 1893 and 1930 imposed tarriffs which drove up prices and locked in a depression. The Democrats call it "Fair-Trade" but it still means tarriffs. This will lock-in the depression of 2009. I hope that I'm wrong. Please tell me why.
Who builds cars in the USA? Toyota,Honda, Ford,GM,BMW,Chrysler ect. Yea, Europe has the car technology all wrapped up! (whata joke) Why do you think we have the largest economy in the world? I think you should sell to another customer.We will create markets to fill the gap.We will always survive because our culture creates a environment of progress. We have super cross,monster trucks,super bowl, world series(baseball)ect. More medals than you.(OLYMPICS) We passed you fucks along time ago.
This is great, you give me all the arguments I need!
1. yes the US is the largest world economy using a false measure invented by an American (imigrant)
2. The US economy falls apart. Its growth has come to an end. What do you really produce? Genetic tomatos, Ketchup, law suits and mortgage related assets
3.Yes, you are correct. Because of the way Americans overstate their own productivity, everybody admired them.
4. Europe had more Olympic medals, China had more Russia had more
Worry about food ppl, then go learn how to raise your own food this upcoming April in 2009. That is when growing season starts. And for water, Um it rains so use a filter. Or you can buy 100 containers of peanut butter and flour, then you can eat bread and peanut butter (it can last 2 yrs) for a couple of yrs. I might ask for a couple of military rations this X-mas if I were you. You know, a garage load if you know what I mean. Fuck gold, invest in knowledge to survive.
Unfortunetaly, it's on its way and you can thank Bush for it. Since 2001 debt has gone up under him to now just over $10,000,000,000,000. Running out of room.
Meh. At least I don't have to worry about it that much, I have no stock and I have enough money to buy 7 houses so I'm fine. It just sucks that you have to hear about it every where you go.
What is worse, is the violence that is going to occur. Back in the old depression, people still had a lot of skills. They could make clothes, etc.. Now, we have a skill-less america that only knows how to work for major companies. Get ready for streets of blood shed and murder. You think kids shooting up schools is bad? Wait till people have to shoot and kill just to get the last canned good. Hopefully, the government will work with the world to get supplies.
What? Is that what your communist government is telling you? Our country is more dynamic than you lock step rat eaters. We produce more cars in one day than you do in a year. How many space shuttles do you have? We have the largest rail system in the world. China will drown in a pile of human shit before we go hungry. You wouldn't know skills if you saw them. Your not the Japanese's. Your more like a monkey with a hammer.
2.You (US) produce more crappy cars with insolvent companies than the rest of the whole world
3. Correct, Europe does not have space shuttles which explode every 50 flights. We (Europe) have the Ariane system, one of the best transport systems in the world
4. The US rail system is surely one of the oldest in the world
Yea, You Europeans crank out fine taxi cabs . Delta(Mc Donald Douglas aka Boeing) has the best flight record in the would and has the lowest insurance rates. You don't know dick about the aerospace industry. WE WROTE THE BOOK. How many countries did it take to build AirBus. We had 4 companies building airliners. You guys are pathetic. Our rail system can move more shit in one day than Germany builds in a year. This is not just correct it's reality. Get real!
Well, the truth is that america is a great country for imigrants with know how. So, after WW-II the US collected scientists, even tough they were NAZIs. Without Von Braun no Jets, No Space shuttles and no moon landing...
@jberni1 well said man!.....regarding aerospace i remember the fantastic job of von Braun and also the last claimed stealth tech they have taken the best world expert in radar system from Russia
In less than 10 days of this 2008 great depression you will have human cannibalism because people dont have money and the stores are closed and no more food. its gonna be bad
Reagan and BusHitler's/Freakonomic mixture/ Brought us 2 this Great Depression II/ They think it funny/Cuz our taxpayer money/ Pays 2 get them through/ We're S9 trillion in debt/And so can't begin to get/ Money as we're a bad risk/ Gas prices doubled/War finances troubled/ The ReFlubLieRant Party did this/ Yet brain challenged sots/Voting lemings by the lot/ 4 fright-wing, criminal bastards/ Cuz they think TV tells/The truth when it yells / At them with tampered poll numbers.
This is just the beginning of problems Look up these people michael ruppert,william veale, william rodriguez,barry jennings, rabbi weiss, eustace mullins, g edward griffin, yuri bezmenov,benjamin fulford arron russo,robert bowman,jim rogers Dont forget to watch zeitgeist: the federal reserve freedom to fascism empire of the city: ring of power 911 mysteries 911 in plain site one nation under siege endgame JFK Executive Order 11110 JFK Secret Society Speech world war 3 secret
The Democrats are the cause of this mortgage debacle douche bag. Clinton & Greenspan. Your one of the many ignorant dumb fucks. You will soon find out!
I believe this gentlemen knows for what he speaks. Should investors panic and withdraw their funds it will undoubtedly further the crisis. Stay calm and relize the public will be ill-informed by those in the know for the reason pre-mentioned. The stockmarket tomorrow will be the most honest indicator of what to expect.
Only 2 1/2 months left for the GREAT DEPRESSION OF 2008 to materialize. I think they call that batta batta batta swing. YOUR OUT! There's always next year.
Fabled Enemies < Video is unlike any 9/11documentary ever put together. Rather than focusing on the physical anomalies at the World Trade Center and Pentagon, this film follows the intelligence ties of Osama Bin Laden, the alleged hijackers, and those who were actually detained on 9/11.
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his theories are way off. china's economy is actually going to do very well off of american businesses buying from china and american manufacturers moving their operations abroad. the banking industry is not an area which can create a depression. it does the opposite. in the banking industry, interest rates can be manipulated to avoid or delay a depression. and, the olympics theory is totally koo koo. the olympic games has such a little impact in any economy.
I conceive that you have a different opinion on how things are going. I recently noticed some comments on cnbc which stated that China economy is still suffering. Also people wondered what will happen after the olympic games.
By the way, what makes you believe that the banking industry is supporting the "real economy"?
We need to build a sustainable earth. Billions of people cleaning up pollution. Creating new, green technologies. Building small-scale farms everywhere. Using less energy. It is possible. We just have to
any government issued gold coin (american eagle) cannot be confiscated. It is law. These coins are deemed "numismatic" by our government and not subject to confiscation...
well that is unless they change the executive order...
The can prevent trading of gold, so that posession becomes useless. Following they could offer a "good trade" in for gold and give you worthless Confetti-Dollars for it.
While Obama has not yet disclosed what type of specific plans he has in mind to fix the U.S. economy, anonymous inside sources have revealed that he plans to "nigger-rig it" for a year or two until he comes up with a good plan.
I am not the slightest bit pessimistic about the future.....i'm looking forward to the coming depression ,get a rod and go fishing ,as for those without fuel, let them use winelakes
wtf. i stopped watching this video at like 20 seconds cause i cant understand a damn thing this man is saying. I agree tho, there WILL be another depression, and its gonna be fucked up. I keep saying this, who in the hell would wanna be the next president? i mean really, ugghh what a job that would be...yikes..
Buy silver and gold coins. Stock up the pantry. Get to know your local survivalist. We're looking at a world-wide economic collapse. Imagine your worst dystopian nightmare and that's real life during the next three to five years. We've got one to three months left before it all drops in the pot. Get prepared, now. This party's over, folks.
Genius. Thats all I can say. A thoroughbred Genius. I am going to sell all my assets, lever them up 100times, and bet against the prosperity of our economy. Anyone with me??? Thought not...
Well the fact that you admit you graduated from Long Beach lol shows you do have some balls! Again what type of business are you in? and what valid points do have for saying the US cant have a collapse, or depression? Im still waiting for this. Lets quit the name calling and we can discuss economics on a level we both can relate to.
Nice words from a long beach grad, by the way it's SO called, not sow called, thats what you do in the garden, but then again you did go to school at Long Beach hahahahah must have abandoned you also huh?
Still can't shake that Argentina comment! Your a complete MORON. What about the late 90s Asia market collapse? Oh thats right! You forgot. Business Major my ass. You work at Best Buy.
Argentina had a lot more wealth than you understand, my point was that they used a fiat currency system just as the US does and we could easily collapse like they did. Many of our top economist are predicting this might happen. Japan had a collapse, but the US collapse could be much higher since we consume and produce very little of anything anymore. This would make it much harder to get out of a depression. You need to start looking at the real facts before assuming anything. I'm the moron? lol
This is why you don't have a degree. "US collapse could be much higher since we consume and produce very little of anything anymore"? So it's all about balance of trade and trade deficits? What do we produce? Stating that "MANY of our TOP ECONOMIST are PREDICTING this MIGHT HAPPEN". Sounds vague to me. But, I guess you consider these real facts. Yea I think the MORON statement stands.
If you cant at least understand how basic economics work then Im done trying to converse with a junior college dropout from long beach who works at best buy. I would say you will be fucked soon, but Im sure you already are hahaha Of course you will reply again and again since this is the kind of people junior college produces. Go ahead and have the last say pool cleaning boy, we cant wait moron!!! Its dropouts like you who give California a bad name DUDE lol lol lol!!!!!!!!!
You mean that Junta take over Argentina that shot a Exocet missile into a British war ship and killed many soldiers over a Island of sheep? I think that you mean't morethan20 IQ but not more that 30! Yea Crack! Like the one your brains leaked out of! Comparing the US to that fucken Argentina, you must be a total idiot!
What in the hell are you talking about, put the pipe down now.
Missles? we are talking about an economic collapse, I believe its evident this blog is way over your head. Go back in mommys basement. You better get plenty of vaseline stocked up before tshtf.
Over my head? Comparing Argentina to a U.S. economic collapse,mommy's basement, and your beat off cream? See, Ignorance drives most of the bullshit today. I would suggest learning some history,geopolitics,and global economics before spouting off like a broken car horn. It's not mouth before mind! Morethan20 incorrect answers.
Believe I have plenty of knowledge on global economics, I suggest you do some research yourself, at least an economics 101 class at your junior college would be a start and Im sure we are already going into a depression as we speak! Cant you see it yourself? Who the hell is comparing The US to Argentina, I said they went through a econonmic collapse and we are going to also, nobody said we are the same as Argentina, the US collapse will be much worse in every way.
I don't believe you have any knowledge of anything and your apparently having hallucination's. Let's see,Huuuum. When I was your age I owned my first house, and running my own business. 25 years later. My company is having it's best year. Yea, A depression, What a joke. Every economic cycle has it's Nostradumbasses and your one.
Nostradumbasses, thats funny, well Im sure you know much more about this than any educated economist does since your GED prob covered lots of intense economic situations like making change at the store. Selling Amway and Pokeman cards in your moms basement doesnt really count as owning a business son. I own 2 houses and a duplex, but I dont understand how that proves anything, sorry. The fact is US could easily fall into a collapse if nothing is done about the depegging of the USD etc..Learn it!
That's funny. I graduated from Long Beach State with a engineering degree when you were in your dad's nut sack. Your just a smuck with nothing and no knowledge!
Well I graduated the University of Illinois with a business degree with minor in economics,
Just goes to show you an engineering degree really does not help you when trying to discuss global econonmics, or well really anything else. Long beach LOL, Long Beach GED program is Im sure what you mean So what kind of business are you supposed to be in? this should be good, lol
So,All your knowledge came from a institution of higher learning? That explains why your mouth flaps in the wind. Talk when you have 30 years in the industry. Liberal bitch.
LOL still no idea what what busines your in, amway? must have been correct on this one. Sorry to hit a nerve with you, Im sure you and mommy sell plenty of soap to make ends meet right now. When your ready to back up your reason that there is no way for an economic collapse, let me know and we will duscuss things in a grown up way sonny. So tell me why you dont think the US could ever collapse, I cant wait for this from a long beach graduate this should be great LOL
Of course you have no idea what business. Because YOU never graduated from anything! There was enough information in all these replies to know! But you can predict some depressive outcome of our economy? Ignorance is the tofu of our society and I'm sensing an abundance of curd on your breath! Argentina ,business degree, minor in economics, 2 houses and a dog, 25 yrs, jack off cream, mommies basement. Geeeeze What a idiot!
We have to shut down the criminal banking system that is killing us. And that means shuting down the Federal Reserve, the Bank of England, the European Central Bank, the World Bank, the International Monetary Fund and the Bank of International Settlements. These banks are causing hunger, war, debt slavery and death around the world.
True... all true. The only exception to this would be if something exceptional happens. What that is, I don't know. But the recent earthquake in China is an example. Nonetheless, it will likely only delay your projection.
see you all in the soup lines! i think it's funny. it's time us fat (and i mean fat) good for nothin greedy, lazy assed, no morals americans get what we deserve- a ride on the rough side of life, then maybe next time things are good in the states , we as a country might be gratefull instead of a bunch of fat assed(especially you women by the way) lazy gluttons. no wonder the world cant stand the us!!
The sad truth is it will never come back as it was. The next phase is global taxation, global economic and eventually political governance. Countries have exported indispensible parts of their production capacity and rely on others to make a product from start to finish (motor made in Mexico, frame in the U.S. and rest from elsewhere. See Chossudovsky's globalization of poverty. Sovereignties will be a thing of the past.
No money in pocket? U.S. baby boomers retiring. Planned "universal" health care in the U.S., devaluated dollar, sub-prime scam, over valued home etc. The coming financial collapse will be a great cleansing process. Hopefully there will be some smart people who will actually base an economy on real value. Who ever heard of basing monetary systems on "faith and trust". IT NEVER LASTS. Better be close to a farmer and have a valuable thing to trade with your neighbors.
I agree with the video speaker. You can only print so much money before inflation becomes hyperinflation. It's only PAPER for crying outloud! It has no backing, it only has misplaced, supposed worth since many people think it is backed by the government.
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Another fucking foreigner who can't keep the shit from falling out of his mouth. Notice how all the foreigners "predict" economic collapse? Hey, Americans want their country back anyway asshole, and they are paying down their debt with cheaper dollars. True economic collapse will occur once the nuclear warheads start flying over Eurasian
Maybe I haven't been paying attention long enough to know any better, but does anyone remember seeing the US administration and the Fed thrashing around like this?
Liquidity injection here, stimulus checks there. If they don't expect a problem, they have a funny way of "not" trying to deal with it.
Yeah right, and we'll all go to WalMart and buy all Chinese products. So the U.S. really does'nt benefit from the package. Hmmmm, maybe we'll benifit by aquiring a new speaker system ot a dozen golf balls. Seems like the Chinese are the true beneficiaries.
Where is the money going to come from to pay for the workers? Right now foreigners are financing our lifestyle by purchasing Treasury Bills to the tune of 3 billion per day. If they decide not to, then the house of cards comes tumbling down.
Hey man, The Germans ate shit when they readopted that shit hole east Germany and then losing the Mark for that Euro. But to think this guy understands the economics of the USA is completetly
We live in a wild times. There will be many changes/advances(in science, for example teleportation). Let's say all of humanity represents an ice cube. On the edges of this cube there will be the enlightened folks, folks that know things are changing rapidly and are open to them. 95% of humanity would want to stay inside, frozen, not wanting to see, denial. It's gonna be hard on those stubborn folks...I wish you all the best NSV102A (and the rest of the herd).
The fucking system isn't even leaving us room to breath! meanwhile the billionaire elite moves their money all around the world without ever being taxed, they tax the middle class and waste it on welfare bums and foreign wars that takes all our money! In Canada we are like Germany before WWII.
I have this week liquidated my stocks and bonds portfolio and shifted into precious metals (mainly gold) and commodities. There is one hell of a financial storm brewing. I urge like-minded investors to do likewise. This time next year, gold at $960 oz. is going to look very cheap.
My prediction is a stock crash in the 4rd Q also right after the 3rd Q numbers come out which will show much worse than the first 2 Q. Wall street in oct. will suffer terribly. about 30% drop in its traditionaly worst month of the year with 2 or 3 times being shut down intra day when losses hit 10%. Its still all very simple any where you live if wages do not keep up with inflation and people go into debt. to compinsate to live beyond their means like esp. america, disaster now.
Great Analysis!! The only thing holding it up now is a summer recovery. The recovery isn't coming and 3Q it will be bad, 4Q CRASH, 1Q2009 Depression and Imminent collapse.
we had a short power cut the other night. Didn't panic as I was lighting the candles but did think to myself how vunerable we actually are and how much we take for granted.
Global financial markets are forky and grew on meanwhile weakened basises. It needs not much to flip them over. I mean a real depression with total impact to all sorts of commerce. Imagine? Prepare!
If you "have lived within your means" and know how to be frugal you will weather all of this.....I'm in cash and ready to pounce on some dirt cheap real estate since while so many were maxing out the Heloc, getting Arms and maxing out their credit cards, I was saving.
Today ! Monday 21st was my day on wallstreet, at least on the European stock markets. Thanks dear all investors who thought you need to invest in overvalued shares !
The u.s. will not be a very good or secure place to live in the next depression.Watch for the errosion of more civil liberties & a move one step closer to a one world government. Orson Wells was not far off in the book 1984 !
That is right! Our NWO puppet government ahs been passign these unconstitutional, fascist-like bills and have been putting int hat Police State grid because they know whats going to happen: MAJOR chaos, including riots everywhere. This is why guns and ammo are ESSENTIAL. Staying independent of the system is the only way to beat the NWO.
Even worse in Germany ! Total control on the highways, there are cameras taking your movement profile. Internet is gvtl. surveilled. Your computer is... etc...
Oh boy, Germany and France...the news is getting more grim. This is so sad to see. Yes crime has gone up! Lol @ security firm shares. They're putting in those cameras here in the US too! The NWO knows what will happen when the collapse comes and they're doing a good job putting in that grid. God bless you and stay safe!
China, southeast Asia and the Middle East oil countries will not have depressions. The shift of finance will go to the producing countries. The consumption countries will be in depression. The empires of America and Western Europe will finally come to an end.
I believe you might be right for medium term with the oil countries. However, they will suffer from lower earnings and the loss in $ value. This might cause significant innerpolitic turmoil as stability of their countries is based on richness
When America hits a depression, we'll bring Europe down, then Asia will go down last( the USD and the Euro won't be helpingthem at that time, especially since they won't have many exports because their big consumers, like the US, will be too broke).
jberni1, please google and read this article entitled: "An Ottoman warning for indebted America" By Niall Ferguson (Harvard Professor)"...We are indeed living through a global shift in the balance of power similar to the 1870s. This is the story of how an over-extended empire sought to cope with an external debt crisis by selling off revenue streams to foreign investors. The empire that suffered these setbacks in the 1870s was the Ottoman empire. Today it is the US..."
However, China and other nations that haven't been deficit spending like the USA will rise stronger after a period of adjustment.
I generally agree with your outlook jberni. Watch for a stock recovery this summer. Just when everything looks good for awhile, that'll be a great time to sell.
Peter Schiff has said quite a bit about this and would agree. Yes, there could be a period of adjustment as they are overproducing and that bubble will burst, yet they will discover that they can sell to themselves. Certainly a recession for them.
Of course if we experience a deep enough depression they will feel it. The odds of that occurring is high enough to consider. A Depression in this day and age could be far worse than that of the Great Depression. possibility.
According to this Harvard professor's article I read, China, India and Southeast Asia are coming to evolve into the zenith of industrial powers. The United States uses over 50% of the oil on earth. Once the USA goes bankrupt, China et. al will absorb the oil consumers in America cannot afford anymore. Mr. JBerne, you have to realize, there will always be consumers of oil. Profits in the Gulf arab countries will not go down.
Forgett the harvad guy, just because he is at harvard,. He does not have a clue ! well, I predict people are wrong on Asia. China and india cannot grow without getting through revolution. The systems cannot continue like that.
Also, looking at 1987, the market crashes just as Alan Greenspan came aboard, and in same goes when Ben Bernake, he came in right at the start of the real estate bubble bust. I feel people are to know about all this much sooner, and there will be a correction quicker than Nov 2008, only because information is starting to hit Critical Speed into Mass consciousness.
Stock Market correction is what we see now. However this always goes in waves, doesn't it ? In 2002 I bought some shares after companies had dropped by 70%. I thought it could not get worse for them...I was wrong.
Great video. I totally agree. I have thought about the bubble burst in china after 2008 olympics. Also, one thing to note is 2008 November US elections. Most of the serious problems are left for new government. In the US, that is when I feel there will be serious problems. That is why you are probably bang on. Unless, people start to educate sooner, I could see something happening faster, just because the only thing certain is the uncertain....
Interesting. Compare with Germany. Politicians have made themselves reputationwise so untrustfull that economy does not care any more about elections or who is winning. They even don't care anymore about what is said. (stock markets do not react any more to changes)
One more question: if recession is defined in economics as 3 year-quarters of negative GDP growth, and I doubt this will be reached, why do you use the term "depression"? Definition of "depression"?
It is brutal out there right now. I think we have a cover up. The signs are screaming in our face. That the markets are too out of control. And our leadership means well, but has been ineffective this far.
People are stooping to all time lows out there over promising with optimism and getting screwed. Too many working people I know got screwed with salaries, clients, etc.
Then you have people still living totally nigger rich (sorry not a racist but just frustrated right now).
judutchinski 1 year ago
This has been flagged as spam show
Gensler, Greenspan, Shapiro, Bernanke, Emanuel etc... = ALL JEWS
(Just sayin)
Jhunch1234 1 year ago
good call dumbass
MADDKNOCKER 1 year ago
Our government is famous for dancing sideways in a bad situation, and that is what they have done here. The economy will fall, it's just a matter of when. If you think we will not have a depression, I will pray for you. It will happen quickly when it does come, and I think it will start this Sept. but may go slowly for another 9 months after that. Then POW! I pray we are all wrong, but it doesn't look like it to me. It's going down, just look around.
Sheila6325 1 year ago
GREAT DEPRESSION ? 2008 ?
This is 2010, and the economy is recovering.
For a sober, thought out view, look up Nuriel Roubini. This man predicted the credit crises, and is now predicting a U shaped recovery for 2010 onwards. I hate to disapoint, but the future is positive.
ANTIDALLARD 2 years ago
@ANTIDALLARD
I hate to say it, but Roubini is wrong. My take is that it is now Government Rubini, Government Motors, etc...
jberni1 1 year ago
Wht havent we seen any economic meltdown ? I know unemployment is rising etc, but I think the credit crisis shocked public confidence in the financial institutions, and people are saying - well if they can get it so badly wrong, well what is next.
ANTIDALLARD 1 year ago
@ANTIDALLARD The future is so bright, I gotta wear shades. Shades for the nuclear blast of what used to be our economy.
What recovery? Just keep printing cash, that will fix it all!
MrColt45acp 1 year ago
@MrColt45acp I remember that song Around 1985, right ? A whole generation ago, and there was a lot of doom and gloom then too. And thatcher and Reagan pulled a rabbit out of a hat and we all got richer than ever. Or so we thought. So, whats to say it wont happen again. See, all this doomsday stuff is a way of getting your attention and controlling you. I know what I;m talking about, I'm a catholic
ANTIDALLARD 1 year ago
@ANTIDALLARD So let's all hope for another rabbit.
MrColt45acp 1 year ago
Hey! Are you the guy that ripped off the French bank?
robtippin 2 years ago
SO GAY!
Sylar785 2 years ago
atlas shrugged commie trash
golfprobro4eagles 2 years ago
out of date
boswellchrome 2 years ago
Everybody should read Atlas Shrugged by Ayn Rand.
banannao 2 years ago 2
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dimaniak 2 years ago
yep but don't forget that she is a zionist
dimaniak 2 years ago
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CashBackAtEbay 2 years ago
I just realized that this was posted January two thousand EIGHT! I watched it thinking it was posted a few weeks ago because my mind is still stuck in 2008 - if someone says 2008 I still sometimes think they're talking about this year. WOW. PERFECTLY accurate. Turn on CNN and you will hear people saying exactly what he just did.
BabyFactory1868 3 years ago 2
when this video was made there would have been a lot of sceptics, fewer now I suspect!
2012 - London Olympics. Perhaps another "austerity Games" like last time (1948) !
funex1 3 years ago 2
Must see this:
watch?v=n2-wvUgHaA4
Apostol888 3 years ago
excellent outlook that came all too true. People were mentioning recession and depression (a little less)for years only to fall on deaf ears. People are losing their jobs left right and center that I'm not sure how they will feed their families. Exactly how many we won't know. God help us all. I look forward to watching your other videos for analysis.
deltaecho1 3 years ago
I believe we (the US and Europe) have been enjoying a way of living well above what we could actually afford for decades. Now, it's time to pay back for our debts... The globalization has its pros and cons: it benefited our taste for luxury (in part because we've been exploiting the poorest) but also weakened us... Where are the industries producing most of our basic goods? China... We may have become too dependent... Autonomy is a strenght, especially in crisis time.
Thinker1985 3 years ago
"Loot the looter." The Russian peasants now the factory workers work not any smarter but harder. So a communist committee make them any richer. What wealth that had been spread around was in an all state own factories but the workers no longer working on the land were still working in somebody else factory. What the workers were working on. It was not getting Lenin any richer. Depression started here and ended up dying the deficit death throughout more than the Stalin 5 year plan.
GemHudson 3 years ago
RAND Lobbies Pentagon: Start War To Save U.S. Economy
According to reports out of top Chinese mainstream news outlets, the RAND Corporation recently presented a shocking proposal to the Pentagon in which it lobbied for a war to be started with a major foreign power in an attempt to stimulate the American economy and prevent a recession.
debate has now ensued in China about who that foreign power may be, with China itself as well as Russia suspected to be the targets of aggression.
louis12346 3 years ago
This video was made in January 08..its October 08 and his outook has been fairly accurate..thats a bit scarey.
slay63 3 years ago
I agree, after the Olympic games are over, markets to go down, pretty spot on!
Northwichita 3 years ago
Hello Jberni1: It's very interesting that you know about what's going on in our economy. Tell us more what you think will happen in the future. Very informative, thanks.. Kate
roxanne0700 3 years ago
Man you were so right such a long time ago. Bravo. What' next for the economies?
sammysosa78 3 years ago
a crash.
kyleman1313 3 years ago
This has been flagged as spam show
someone lick my puss F
282416 3 years ago
I am more worried about tarrif policy. Every nation claims that they have free trade but every nation either subsidizes or taxes certain goods. In both 1893 and 1930 imposed tarriffs which drove up prices and locked in a depression. The Democrats call it "Fair-Trade" but it still means tarriffs. This will lock-in the depression of 2009. I hope that I'm wrong. Please tell me why.
batymahn 3 years ago
STOPGLOBALSTUPIDITY: Just let me tell you that I will block any user who insults me and others. So you are fired!
jberni1 3 years ago
Who builds cars in the USA? Toyota,Honda, Ford,GM,BMW,Chrysler ect. Yea, Europe has the car technology all wrapped up! (whata joke) Why do you think we have the largest economy in the world? I think you should sell to another customer.We will create markets to fill the gap.We will always survive because our culture creates a environment of progress. We have super cross,monster trucks,super bowl, world series(baseball)ect. More medals than you.(OLYMPICS) We passed you fucks along time ago.
STOPGLOBALSTUPIDITY 3 years ago
This is great, you give me all the arguments I need!
1. yes the US is the largest world economy using a false measure invented by an American (imigrant)
2. The US economy falls apart. Its growth has come to an end. What do you really produce? Genetic tomatos, Ketchup, law suits and mortgage related assets
3.Yes, you are correct. Because of the way Americans overstate their own productivity, everybody admired them.
4. Europe had more Olympic medals, China had more Russia had more
jberni1 3 years ago
Buy foreign stocks. Who cares about the American stock market if you can still make money elsewhere?
There is no such thing as a global depression. It is a mere illusion, do not buy into the fevered hype.
Now an American depression.....
littleredbirdy 3 years ago
omg now comes the Veto Crisis!!!
niel718 3 years ago
Worry about food ppl, then go learn how to raise your own food this upcoming April in 2009. That is when growing season starts. And for water, Um it rains so use a filter. Or you can buy 100 containers of peanut butter and flour, then you can eat bread and peanut butter (it can last 2 yrs) for a couple of yrs. I might ask for a couple of military rations this X-mas if I were you. You know, a garage load if you know what I mean. Fuck gold, invest in knowledge to survive.
can06 3 years ago
I'm totally ignorant on this but:
- So we have to expect a lot more inflation meaning the cost of living/prices of daily products and also real eastate will go up tremendously?
- having 50.000 on the bank now will be 1/4 or less the value when a big recession or depression hits?
- Would it be smart for me to buy a home now or wait to see what happens? what will happen to house prices and interest rates?
anyone? please.
cheers
Australianawareness 3 years ago
Unfortunetaly, it's on its way and you can thank Bush for it. Since 2001 debt has gone up under him to now just over $10,000,000,000,000. Running out of room.
Obama-Biden 2008!!!
RJWooller 3 years ago 2
Thank god i dont live in the states LOL. but i live 30 mins away from it.. . . . ........
RoyaleCafe 3 years ago
canada? either wayy ur going to depresion to cause its tha whole world going in to it.
omarpopcorn3 3 years ago
Meh. At least I don't have to worry about it that much, I have no stock and I have enough money to buy 7 houses so I'm fine. It just sucks that you have to hear about it every where you go.
RoyaleCafe 3 years ago
Yes you have enough money but it will quickly become worthless unless you convert some of it to gold bars / silver.
jfsimard79 3 years ago
What is worse, is the violence that is going to occur. Back in the old depression, people still had a lot of skills. They could make clothes, etc.. Now, we have a skill-less america that only knows how to work for major companies. Get ready for streets of blood shed and murder. You think kids shooting up schools is bad? Wait till people have to shoot and kill just to get the last canned good. Hopefully, the government will work with the world to get supplies.
HandsomeV 3 years ago 4
What? Is that what your communist government is telling you? Our country is more dynamic than you lock step rat eaters. We produce more cars in one day than you do in a year. How many space shuttles do you have? We have the largest rail system in the world. China will drown in a pile of human shit before we go hungry. You wouldn't know skills if you saw them. Your not the Japanese's. Your more like a monkey with a hammer.
STOPGLOBALSTUPIDITY 3 years ago
Correct is:
1.The US is the most dynamic credit country
2.You (US) produce more crappy cars with insolvent companies than the rest of the whole world
3. Correct, Europe does not have space shuttles which explode every 50 flights. We (Europe) have the Ariane system, one of the best transport systems in the world
4. The US rail system is surely one of the oldest in the world
jberni1 3 years ago
Yea, You Europeans crank out fine taxi cabs . Delta(Mc Donald Douglas aka Boeing) has the best flight record in the would and has the lowest insurance rates. You don't know dick about the aerospace industry. WE WROTE THE BOOK. How many countries did it take to build AirBus. We had 4 companies building airliners. You guys are pathetic. Our rail system can move more shit in one day than Germany builds in a year. This is not just correct it's reality. Get real!
STOPGLOBALSTUPIDITY 3 years ago
Well, the truth is that america is a great country for imigrants with know how. So, after WW-II the US collected scientists, even tough they were NAZIs. Without Von Braun no Jets, No Space shuttles and no moon landing...
jberni1 3 years ago
@jberni1 well said man!.....regarding aerospace i remember the fantastic job of von Braun and also the last claimed stealth tech they have taken the best world expert in radar system from Russia
nextlifeguitarist 1 year ago
thanks, and what kind of business should i do sruvive and profit?
kumsamut 3 years ago
wow he really hit the nail on the head. crazy.
lilmommax 3 years ago
if a german says it, it must be true
khattamshud 3 years ago
Jberni1,What solutions to this crisis do you see that will have good effects for the economy short of soaking the taxpayers
Doughnutchef 3 years ago
In less than 10 days of this 2008 great depression you will have human cannibalism because people dont have money and the stores are closed and no more food. its gonna be bad
bubber25 3 years ago
They will keep the system working and provide food stamps.
jberni1 3 years ago
warhater 3 years ago
dollarbear1 3 years ago
THANK YOU GEORGE "DUBYA" BUSH!!!!!!
GEORGE DUBYA (Jan. 30):"I hope you're confident about our economy. I am..."
MCCAIN: "I still believe the fundamentals of our economy are strong"
The right-wing ignorance is amazing. Do ALL of them drop out in the fourth-grade to inbreed at the trailer park?!
KICK THE NEOCON REDNECKS OUT OF OFFICE THIS NOV.!!!
F*CK THE RETHUGLICANS!!!!!
jec20721 3 years ago
The Democrats are the cause of this mortgage debacle douche bag. Clinton & Greenspan. Your one of the many ignorant dumb fucks. You will soon find out!
STOPGLOBALSTUPIDITY 3 years ago
I believe this gentlemen knows for what he speaks. Should investors panic and withdraw their funds it will undoubtedly further the crisis. Stay calm and relize the public will be ill-informed by those in the know for the reason pre-mentioned. The stockmarket tomorrow will be the most honest indicator of what to expect.
bearsnmind35 3 years ago 2
lehman and merryl just went a goner.....
radio19952001 3 years ago
Only 2 1/2 months left for the GREAT DEPRESSION OF 2008 to materialize. I think they call that batta batta batta swing. YOUR OUT! There's always next year.
STOPGLOBALSTUPIDITY 3 years ago
DON'T PANIC!
beaubluenyc 3 years ago
For Fellow Americans:
I unfortunately heard of this upcoming crap a few weeks ago...and it doesnt look good.
My advise, stay away from big cities if this does happen, since it will end up like New Orleans did 3 years ago, full of violent hungry people.
JimmyHopkins2 3 years ago
Fabled Enemies < Video is unlike any 9/11documentary ever put together. Rather than focusing on the physical anomalies at the World Trade Center and Pentagon, this film follows the intelligence ties of Osama Bin Laden, the alleged hijackers, and those who were actually detained on 9/11.
louis12346 3 years ago
This comment has received too many negative votes show
his theories are way off. china's economy is actually going to do very well off of american businesses buying from china and american manufacturers moving their operations abroad. the banking industry is not an area which can create a depression. it does the opposite. in the banking industry, interest rates can be manipulated to avoid or delay a depression. and, the olympics theory is totally koo koo. the olympic games has such a little impact in any economy.
r0bmasters 3 years ago
I conceive that you have a different opinion on how things are going. I recently noticed some comments on cnbc which stated that China economy is still suffering. Also people wondered what will happen after the olympic games.
By the way, what makes you believe that the banking industry is supporting the "real economy"?
jberni1 3 years ago
robmasters,
your theory doesnt make sense, its shows that u lack of intellectual thinking.
i recommend u to drink Bush's urine.
rosewood223 3 years ago
Well, it seems you are one of the governmentally sponsored individuals, which now need another ponzi scheme bail-out.
jberni1 3 years ago
We need to build a sustainable earth. Billions of people cleaning up pollution. Creating new, green technologies. Building small-scale farms everywhere. Using less energy. It is possible. We just have to
take power.
brightsunshineyday 3 years ago
Make sure if you buy gold, buy old coins that are twice the face value, or buy jewelry. Otherwise they may be confiscated to pay the Chinese debt.
JimLundberg 3 years ago
any government issued gold coin (american eagle) cannot be confiscated. It is law. These coins are deemed "numismatic" by our government and not subject to confiscation...
well that is unless they change the executive order...
cowboycarl04 3 years ago
The can prevent trading of gold, so that posession becomes useless. Following they could offer a "good trade" in for gold and give you worthless Confetti-Dollars for it.
jberni1 3 years ago
Just like they did before right? Have people no memory?
marco25mx 3 years ago
While Obama has not yet disclosed what type of specific plans he has in mind to fix the U.S. economy, anonymous inside sources have revealed that he plans to "nigger-rig it" for a year or two until he comes up with a good plan.
DontTazerMeBro 3 years ago
What the hell is that suppose to mean?
Maikeru722 3 years ago
No idea what you mean. Sounds like a racist redneck comment.
cybersphere 3 years ago 4
typical repug, man...
jec20721 3 years ago
I am not the slightest bit pessimistic about the future.....i'm looking forward to the coming depression ,get a rod and go fishing ,as for those without fuel, let them use winelakes
ubornthick 3 years ago
wtf. i stopped watching this video at like 20 seconds cause i cant understand a damn thing this man is saying. I agree tho, there WILL be another depression, and its gonna be fucked up. I keep saying this, who in the hell would wanna be the next president? i mean really, ugghh what a job that would be...yikes..
Whatever291 3 years ago
I understood it. What's your problem?
gunnerrat 3 years ago 3
Buy silver and gold coins. Stock up the pantry. Get to know your local survivalist. We're looking at a world-wide economic collapse. Imagine your worst dystopian nightmare and that's real life during the next three to five years. We've got one to three months left before it all drops in the pot. Get prepared, now. This party's over, folks.
google: 'X-waves and civilization.'
wrb1957 3 years ago
Genius. Thats all I can say. A thoroughbred Genius. I am going to sell all my assets, lever them up 100times, and bet against the prosperity of our economy. Anyone with me??? Thought not...
burncandle 3 years ago
Well the fact that you admit you graduated from Long Beach lol shows you do have some balls! Again what type of business are you in? and what valid points do have for saying the US cant have a collapse, or depression? Im still waiting for this. Lets quit the name calling and we can discuss economics on a level we both can relate to.
morethan20 3 years ago
Fuck off, DUMB FUCK! Maybe that sow called business degree has abandoned you. HA HA HA
ENCHUEV450 3 years ago
Nice words from a long beach grad, by the way it's SO called, not sow called, thats what you do in the garden, but then again you did go to school at Long Beach hahahahah must have abandoned you also huh?
morethan20 3 years ago
Still can't shake that Argentina comment! Your a complete MORON. What about the late 90s Asia market collapse? Oh thats right! You forgot. Business Major my ass. You work at Best Buy.
ENCHUEV450 3 years ago
Argentina had a lot more wealth than you understand, my point was that they used a fiat currency system just as the US does and we could easily collapse like they did. Many of our top economist are predicting this might happen. Japan had a collapse, but the US collapse could be much higher since we consume and produce very little of anything anymore. This would make it much harder to get out of a depression. You need to start looking at the real facts before assuming anything. I'm the moron? lol
morethan20 3 years ago 2
This is why you don't have a degree. "US collapse could be much higher since we consume and produce very little of anything anymore"? So it's all about balance of trade and trade deficits? What do we produce? Stating that "MANY of our TOP ECONOMIST are PREDICTING this MIGHT HAPPEN". Sounds vague to me. But, I guess you consider these real facts. Yea I think the MORON statement stands.
ENCHUEV450 3 years ago
If you cant at least understand how basic economics work then Im done trying to converse with a junior college dropout from long beach who works at best buy. I would say you will be fucked soon, but Im sure you already are hahaha Of course you will reply again and again since this is the kind of people junior college produces. Go ahead and have the last say pool cleaning boy, we cant wait moron!!! Its dropouts like you who give California a bad name DUDE lol lol lol!!!!!!!!!
morethan20 3 years ago
Oh no, Looks like someone got exposed! Morethan20 nuts have shook from the tree!HA HA
STOPGLOBALSTUPIDITY 3 years ago
Closing your old account and opening a new one really does make you look like an idiot, nobody here is that stupid moron
morethan20 3 years ago
What?You talking to someone who cares?
STOPGLOBALSTUPIDITY 3 years ago
There is no possibility of economic depression in the modern day global economics. Only a asteroid could cause that.
ENCHUEV450 3 years ago
You must be smoking crack to say anything like that. Agentina is still trying to come out the their depression that happened in 2003, the US is next.
morethan20 3 years ago
You mean that Junta take over Argentina that shot a Exocet missile into a British war ship and killed many soldiers over a Island of sheep? I think that you mean't morethan20 IQ but not more that 30! Yea Crack! Like the one your brains leaked out of! Comparing the US to that fucken Argentina, you must be a total idiot!
ENCHUEV450 3 years ago
What in the hell are you talking about, put the pipe down now.
Missles? we are talking about an economic collapse, I believe its evident this blog is way over your head. Go back in mommys basement. You better get plenty of vaseline stocked up before tshtf.
morethan20 3 years ago
Over my head? Comparing Argentina to a U.S. economic collapse,mommy's basement, and your beat off cream? See, Ignorance drives most of the bullshit today. I would suggest learning some history,geopolitics,and global economics before spouting off like a broken car horn. It's not mouth before mind! Morethan20 incorrect answers.
ENCHUEV450 3 years ago
Believe I have plenty of knowledge on global economics, I suggest you do some research yourself, at least an economics 101 class at your junior college would be a start and Im sure we are already going into a depression as we speak! Cant you see it yourself? Who the hell is comparing The US to Argentina, I said they went through a econonmic collapse and we are going to also, nobody said we are the same as Argentina, the US collapse will be much worse in every way.
morethan20 3 years ago
I don't believe you have any knowledge of anything and your apparently having hallucination's. Let's see,Huuuum. When I was your age I owned my first house, and running my own business. 25 years later. My company is having it's best year. Yea, A depression, What a joke. Every economic cycle has it's Nostradumbasses and your one.
ENCHUEV450 3 years ago
Nostradumbasses, thats funny, well Im sure you know much more about this than any educated economist does since your GED prob covered lots of intense economic situations like making change at the store. Selling Amway and Pokeman cards in your moms basement doesnt really count as owning a business son. I own 2 houses and a duplex, but I dont understand how that proves anything, sorry. The fact is US could easily fall into a collapse if nothing is done about the depegging of the USD etc..Learn it!
morethan20 3 years ago
That's funny. I graduated from Long Beach State with a engineering degree when you were in your dad's nut sack. Your just a smuck with nothing and no knowledge!
ENCHUEV450 3 years ago
Well I graduated the University of Illinois with a business degree with minor in economics,
Just goes to show you an engineering degree really does not help you when trying to discuss global econonmics, or well really anything else. Long beach LOL, Long Beach GED program is Im sure what you mean So what kind of business are you supposed to be in? this should be good, lol
morethan20 3 years ago
So,All your knowledge came from a institution of higher learning? That explains why your mouth flaps in the wind. Talk when you have 30 years in the industry. Liberal bitch.
ENCHUEV450 3 years ago
LOL still no idea what what busines your in, amway? must have been correct on this one. Sorry to hit a nerve with you, Im sure you and mommy sell plenty of soap to make ends meet right now. When your ready to back up your reason that there is no way for an economic collapse, let me know and we will duscuss things in a grown up way sonny. So tell me why you dont think the US could ever collapse, I cant wait for this from a long beach graduate this should be great LOL
morethan20 3 years ago
Of course you have no idea what business. Because YOU never graduated from anything! There was enough information in all these replies to know! But you can predict some depressive outcome of our economy? Ignorance is the tofu of our society and I'm sensing an abundance of curd on your breath! Argentina ,business degree, minor in economics, 2 houses and a dog, 25 yrs, jack off cream, mommies basement. Geeeeze What a idiot!
ENCHUEV450 3 years ago
We have to shut down the criminal banking system that is killing us. And that means shuting down the Federal Reserve, the Bank of England, the European Central Bank, the World Bank, the International Monetary Fund and the Bank of International Settlements. These banks are causing hunger, war, debt slavery and death around the world.
freedomfighterone 3 years ago
True... all true. The only exception to this would be if something exceptional happens. What that is, I don't know. But the recent earthquake in China is an example. Nonetheless, it will likely only delay your projection.
andrewjurinka 3 years ago
see you all in the soup lines! i think it's funny. it's time us fat (and i mean fat) good for nothin greedy, lazy assed, no morals americans get what we deserve- a ride on the rough side of life, then maybe next time things are good in the states , we as a country might be gratefull instead of a bunch of fat assed(especially you women by the way) lazy gluttons. no wonder the world cant stand the us!!
tonepatroller 3 years ago
seriously.....!!!
rtworincinerator 3 years ago
well yea!!!
tonepatroller 3 years ago
The sad truth is it will never come back as it was. The next phase is global taxation, global economic and eventually political governance. Countries have exported indispensible parts of their production capacity and rely on others to make a product from start to finish (motor made in Mexico, frame in the U.S. and rest from elsewhere. See Chossudovsky's globalization of poverty. Sovereignties will be a thing of the past.
4maelstrom 3 years ago
Turn to Jesus or parish in the tribulation to come
patriotsundergod 3 years ago
ALREADY HAVE, THANKS THOUGH.......
tonepatroller 3 years ago
No money in pocket? U.S. baby boomers retiring. Planned "universal" health care in the U.S., devaluated dollar, sub-prime scam, over valued home etc. The coming financial collapse will be a great cleansing process. Hopefully there will be some smart people who will actually base an economy on real value. Who ever heard of basing monetary systems on "faith and trust". IT NEVER LASTS. Better be close to a farmer and have a valuable thing to trade with your neighbors.
docrosko 3 years ago
I agree with the video speaker. You can only print so much money before inflation becomes hyperinflation. It's only PAPER for crying outloud! It has no backing, it only has misplaced, supposed worth since many people think it is backed by the government.
skanicum 3 years ago 2
This comment has received too many negative votes show
Another fucking foreigner who can't keep the shit from falling out of his mouth. Notice how all the foreigners "predict" economic collapse? Hey, Americans want their country back anyway asshole, and they are paying down their debt with cheaper dollars. True economic collapse will occur once the nuclear warheads start flying over Eurasian
continent. Wait and see.
victor1566 3 years ago
Maybe I haven't been paying attention long enough to know any better, but does anyone remember seeing the US administration and the Fed thrashing around like this?
Liquidity injection here, stimulus checks there. If they don't expect a problem, they have a funny way of "not" trying to deal with it.
wetalmorker 3 years ago
Yeah right, and we'll all go to WalMart and buy all Chinese products. So the U.S. really does'nt benefit from the package. Hmmmm, maybe we'll benifit by aquiring a new speaker system ot a dozen golf balls. Seems like the Chinese are the true beneficiaries.
SouthernLibertyAmer 3 years ago
there isnt going to be an economic depression in america, because they will invoke the National Service Act.
jobs=economic boost="good" times=servitude!
fallsinplace 3 years ago
Where is the money going to come from to pay for the workers? Right now foreigners are financing our lifestyle by purchasing Treasury Bills to the tune of 3 billion per day. If they decide not to, then the house of cards comes tumbling down.
andrewjurinka 3 years ago
fallsinplace, Orly?
GuitarZzann 3 years ago
Another Nostradumbass. Your wrong dude. Stop believing what someone else told you. Your scaring the retarded.
NSV102A 3 years ago
Any reason for saying that other than the paypacket you receive? because there's a world of proof outside your cubicle...
RJL230779 3 years ago
Hey man, The Germans ate shit when they readopted that shit hole east Germany and then losing the Mark for that Euro. But to think this guy understands the economics of the USA is completetly
NSV102A 3 years ago
NSV102A your bad manors are only exceeded by your strong opinions.
jberni1 3 years ago
Thank you!
NSV102A 3 years ago
We live in a wild times. There will be many changes/advances(in science, for example teleportation). Let's say all of humanity represents an ice cube. On the edges of this cube there will be the enlightened folks, folks that know things are changing rapidly and are open to them. 95% of humanity would want to stay inside, frozen, not wanting to see, denial. It's gonna be hard on those stubborn folks...I wish you all the best NSV102A (and the rest of the herd).
RetrospectL 3 years ago
That's a convoluted interpretation of nothing.
NSV102A 3 years ago
That's a convoluted interpretation of nothing.
NSV102A 3 years ago
I agree with NSV102A... you are simply saying nothing... if idiots were punished here your fine would be pretty big
josueencorea 3 years ago
The fucking system isn't even leaving us room to breath! meanwhile the billionaire elite moves their money all around the world without ever being taxed, they tax the middle class and waste it on welfare bums and foreign wars that takes all our money! In Canada we are like Germany before WWII.
canadianbuck77 3 years ago
Whats the news in Canada reporting? Whats the mood like with people you talk to?
visionvictory 3 years ago
...and thats why i am a currency trader
kasoner18 3 years ago
I have this week liquidated my stocks and bonds portfolio and shifted into precious metals (mainly gold) and commodities. There is one hell of a financial storm brewing. I urge like-minded investors to do likewise. This time next year, gold at $960 oz. is going to look very cheap.
Silberdachs 3 years ago
Very profetic!
My prediction is a stock crash in the 4rd Q also right after the 3rd Q numbers come out which will show much worse than the first 2 Q. Wall street in oct. will suffer terribly. about 30% drop in its traditionaly worst month of the year with 2 or 3 times being shut down intra day when losses hit 10%. Its still all very simple any where you live if wages do not keep up with inflation and people go into debt. to compinsate to live beyond their means like esp. america, disaster now.
ashton77 3 years ago
Great Analysis!! The only thing holding it up now is a summer recovery. The recovery isn't coming and 3Q it will be bad, 4Q CRASH, 1Q2009 Depression and Imminent collapse.
visionvictory 3 years ago
we had a short power cut the other night. Didn't panic as I was lighting the candles but did think to myself how vunerable we actually are and how much we take for granted.
vendor72 3 years ago
i gotta stack up on some ammo, canned foods, and a decent gun just to be prepared for the unexpected.
aminex 3 years ago 3
I have stock in smith and wesson. Have you checked into their M&P line of products?
madarchodus 3 years ago
hi, whats your take on tech stocks, like goog, aapl, rimm, should i invest in those, is it safe?
joshrain1 3 years ago
This Depression will be worse than that of 1929 because this Depression WON'T END!
markymarkuss777 4 years ago 3
you are so correct, i hate saying it.. SHORT THE Q'S!!!!!
endlessmountain 3 years ago
Global financial markets are forky and grew on meanwhile weakened basises. It needs not much to flip them over. I mean a real depression with total impact to all sorts of commerce. Imagine? Prepare!
SYEUROPA 4 years ago
If you "have lived within your means" and know how to be frugal you will weather all of this.....I'm in cash and ready to pounce on some dirt cheap real estate since while so many were maxing out the Heloc, getting Arms and maxing out their credit cards, I was saving.
Yayapilo 4 years ago
I own lost of real estate.
But you cant eat real estate to survive, you can only collect rent. In hyperinflation, your property taxes will replace your mortgage.
2001v8244 3 years ago
yeah, but you can grow food on your land. hopefully you didn't just buy condos, lol.
Brandonly23 3 years ago
Today ! Monday 21st was my day on wallstreet, at least on the European stock markets. Thanks dear all investors who thought you need to invest in overvalued shares !
jberni1 4 years ago
The u.s. will not be a very good or secure place to live in the next depression.Watch for the errosion of more civil liberties & a move one step closer to a one world government. Orson Wells was not far off in the book 1984 !
worldofdebt 4 years ago
That is right! Our NWO puppet government ahs been passign these unconstitutional, fascist-like bills and have been putting int hat Police State grid because they know whats going to happen: MAJOR chaos, including riots everywhere. This is why guns and ammo are ESSENTIAL. Staying independent of the system is the only way to beat the NWO.
JackNeedles 4 years ago 4
I read that crime is increasing dramatic in the states. Time for me to INVEST in security firms shares !
jberni1 4 years ago
Even worse in Germany ! Total control on the highways, there are cameras taking your movement profile. Internet is gvtl. surveilled. Your computer is... etc...
jberni1 4 years ago
Oh boy, Germany and France...the news is getting more grim. This is so sad to see. Yes crime has gone up! Lol @ security firm shares. They're putting in those cameras here in the US too! The NWO knows what will happen when the collapse comes and they're doing a good job putting in that grid. God bless you and stay safe!
JackNeedles 4 years ago
close, that was george orwell who wrote 1984. orson welles was the guy robin williams called at the end of mork and mindy every week.
wait. is that right?
highway234 4 years ago
China, southeast Asia and the Middle East oil countries will not have depressions. The shift of finance will go to the producing countries. The consumption countries will be in depression. The empires of America and Western Europe will finally come to an end.
ArchaicRevivalx2012 4 years ago 2
I believe you might be right for medium term with the oil countries. However, they will suffer from lower earnings and the loss in $ value. This might cause significant innerpolitic turmoil as stability of their countries is based on richness
jberni1 4 years ago
When America hits a depression, we'll bring Europe down, then Asia will go down last( the USD and the Euro won't be helpingthem at that time, especially since they won't have many exports because their big consumers, like the US, will be too broke).
JackNeedles 4 years ago
jberni1, please google and read this article entitled: "An Ottoman warning for indebted America" By Niall Ferguson (Harvard Professor)"...We are indeed living through a global shift in the balance of power similar to the 1870s. This is the story of how an over-extended empire sought to cope with an external debt crisis by selling off revenue streams to foreign investors. The empire that suffered these setbacks in the 1870s was the Ottoman empire. Today it is the US..."
ArchaicRevivalx2012 4 years ago
your wrong, the whole world goes together. all that will matter is who has the biggest military force, which at this stage is NATO.
tbaskers 4 years ago
No, if China keeps dong good, they'll be the new empire.
JackNeedles 4 years ago 5
The whole world will go down together.
However, China and other nations that haven't been deficit spending like the USA will rise stronger after a period of adjustment.
I generally agree with your outlook jberni. Watch for a stock recovery this summer. Just when everything looks good for awhile, that'll be a great time to sell.
rseveran 3 years ago
rseveran, In 29, we saw several shocks..to the stock market
jberni1 3 years ago
tbaskers, you're very ignorant in economics and political science.
ArchaicRevivalx2012 4 years ago 3
Peter Schiff has said quite a bit about this and would agree. Yes, there could be a period of adjustment as they are overproducing and that bubble will burst, yet they will discover that they can sell to themselves. Certainly a recession for them.
Of course if we experience a deep enough depression they will feel it. The odds of that occurring is high enough to consider. A Depression in this day and age could be far worse than that of the Great Depression. possibility.
InTheSticks1881 4 years ago
According to this Harvard professor's article I read, China, India and Southeast Asia are coming to evolve into the zenith of industrial powers. The United States uses over 50% of the oil on earth. Once the USA goes bankrupt, China et. al will absorb the oil consumers in America cannot afford anymore. Mr. JBerne, you have to realize, there will always be consumers of oil. Profits in the Gulf arab countries will not go down.
ArchaicRevivalx2012 4 years ago
Forgett the harvad guy, just because he is at harvard,. He does not have a clue ! well, I predict people are wrong on Asia. China and india cannot grow without getting through revolution. The systems cannot continue like that.
jberni1 4 years ago
Also, looking at 1987, the market crashes just as Alan Greenspan came aboard, and in same goes when Ben Bernake, he came in right at the start of the real estate bubble bust. I feel people are to know about all this much sooner, and there will be a correction quicker than Nov 2008, only because information is starting to hit Critical Speed into Mass consciousness.
ljpforever 4 years ago
Stock Market correction is what we see now. However this always goes in waves, doesn't it ? In 2002 I bought some shares after companies had dropped by 70%. I thought it could not get worse for them...I was wrong.
jberni1 4 years ago
Great video. I totally agree. I have thought about the bubble burst in china after 2008 olympics. Also, one thing to note is 2008 November US elections. Most of the serious problems are left for new government. In the US, that is when I feel there will be serious problems. That is why you are probably bang on. Unless, people start to educate sooner, I could see something happening faster, just because the only thing certain is the uncertain....
D
ljpforever 4 years ago
Interesting. Compare with Germany. Politicians have made themselves reputationwise so untrustfull that economy does not care any more about elections or who is winning. They even don't care anymore about what is said. (stock markets do not react any more to changes)
jberni1 4 years ago
What do you think about the possibility of deflation in the U.S.?
BrightAnarchist 4 years ago
In 10 years maybe.
jberni1 4 years ago
One more question: if recession is defined in economics as 3 year-quarters of negative GDP growth, and I doubt this will be reached, why do you use the term "depression"? Definition of "depression"?
thanx!
JOSEP
jossua1974 4 years ago
EASY: Recession is when the economy growth slows down, correct definition. Economist start to talk about it when indicators are right.
Depression a pessimistic no growth high unemployment long term phase. Basically superlative of depression (at least to my understanding)
jberni1 4 years ago