THERE IS NO SUCH THING AS FREE MARKET ENTERPRIZE. MONEY IS BASED ON THE GOVERNMENT BORROWING MONEY FROM THE BIG BANKERS AND MAKING THE TAX PAYERS PAY.
The boardwalk was one of those old-time casinos on the strip where you could find $3 blackjack and roulette. Now you can barely find a $10 table anywhere most are $15-$25 minimun. Dont these casinos realize that their average customer doesnt come to Vegas with Thousands of dollars to gamble! They need to bring back more $5-$10 tables!
Hard to say. I still see lots of people in 'Vegas, gaming away. But you are right, the place did lose it's identity. Each resort is a destination unto itself. City Center, BTW, cost over 16 billion dollars. It is alive now, but what a struggle. I would never bet against America, but it is on the brink of collapse like never in it's history.
we are living among our ruins right now. We have enough resources, land and homes to house EVERYONE! Our jobs have been outsourced and section 8 housing lists have waiting lists years long. I knew america was declining when I was told there was no such thing as emergency housing? Since when? We call ourselves the richest nation in the world?
I visited Las Vegas the last time was in 2000 before the credit bubble boom. All the old Mid Century Modern Masterpieces like the original Sands were demolished. I loved the city and all this is so sad.
The numbers of chronic homelessness and unemployment is at extreme levels, levels so high no one wants to talk about it. The free market will operate in Las Vegas, but it will be predatory, driving labour costs ever lower, just as been done in China. What no one mentions about China's 'economic miracle' is the massive amount social destruction it has wrought. The US is in a race with China to the bottom. The difference is that the US has a history of rebellion.
lol....this real estate bust was going to happen and everybody knew it but all their eyes and brain saw was greed in the short term. Home prices in Vegas were INFLATED big time!!!!! I saw that and I refused to buy a half million dollar home and got out before the bubble burst
Now you got most of las vegas homeowners under water owing more on their house than it is worth....but greed and stupidity has led to your ruin
Leave the city NOW! Las Vegas is a cess pool stagnating
@MatrixFactoryGuy Unfortunately I don't think everyone knew it. People seriously thought their cookie cutter stucco shit-shacks on a postal stamp-sized parcel of desert wasteland were gonna be worth $1 million eventually. Fucking idiots.
this guy is an idiot. the leases were there in downtown because they jut had finished building that portion. the city center is great. its beautiful, artistic, and the entertainment is great. Do you know that a valet parking kid can make 5 figure income off of valet parking. The prices in downtown and sumerlin are really cheap. The strip was always more expensive. The service is great. wtf. he should just shut up. He is not helping by telling people not to come to vegas.
--on and people are being put back in their place, it doesn't mean you can't still have it, it just means you have to know exactly how the game works and you need to know exactly what your doing or your going to get hurt most importantly you will B hurt psychologically!
So to people that don't know it's just like everything else you have to know what your doing and have to know the rule and how the club works if you don't you lose if you do you win simple as that but don't think for a moment the money machine isn't as strong as it has ever been this is an adjustment to settle the masses down back into being the labor market that is needed, everyone started to think for awhile they were going to B rich and B in labor but that just don't work so the slap is ---->
--is ECN that means your broker doesn't see the trade it goes straight through to the cbot intraday system and isn't manipulated and the signal you see is the real thing but the issue with an Ins. account is that most places need a $100k or more minimum deposit so that keeps most people out and keeps out the rift raft so to speak! Once your in an Ins. account and your broker see's you can survive making successful all the time your in the door and is cheese from their on!
--- day trading and lose which is most people don't understand the difference between standard accounts and Institutional accounts and they open a standard account that's not ECN and trade in a made market and don't realize that standard accounts are traded against Ins. accounts and that means if you win their Ins. guy loses and your made market gets spikes and is volatile to make it difficult to trade so the Ins. guy wins! So what that means is you need to open an Institutional account which-->
You just have to B in the right place and know what your doing, remember most people think the stock market is doing horrible and you can't make money that goes to show you how the sheep's mind really see's things! People think 99.9% of people that trade stocks lose and that means the stock market isn't a place to make money and that couldn't B more wrong, i know hillbilly rednecks laugh when you mention the market that just shows how little they know! Most people don't understand that try----->
There is a reason gold is being bought is why those commercial asking you to send your gold in a little bag, yeah the dollar might have some issues that why you invest in other currency's such as gold then cash it out in a medium that does have value, but don't fall for all the doom and gloom a lot of that has Asymmetric overtones that follows the same energy pattern as a dog shaking it's self dry nothing more!
City Center is indeed the fuck-ugliest clusterfuck ever conceived by man. What were they THINKING!? I watched it go up and I kept thinking maybe it would look good once it was finished. Nope.
america is finally being directly affected by global realities.overindulgence is being eliminated and most ppl cant be used to it.it will be painfull but we gonna get used to it!live within your means is the first step.by the way do your research and see how real estate is doing in developing nations,its booming.and yeah the same corporate guys are flocking to asia and africa because the returns are phenomenon.again keep your needs simple and save
The road to hell is paved with good intentions (bad investments I mean) ...now all your money will be pissed "for you" right down the drain...this guy is spot on!!!!...... this is the realty that is going to bite you hard!!!!!
This is a very upseting video, Vegas has definitely been corporatized. It seems like this deck of cards will soon buckle. Wall Street & the Bankers have officially pulled the plug for all the working class Americans. I truly believe an uprising is inevitable at this point, in America we fight for what's right. There will be many people wanting revenge or vigilanty style justice. It will not be hard to pick targets, after all who outsourced your job? foreclosed on you? raised your taxes?
Vegas....what a metaphor for what America has become. A casino economy that takes away pensions and gambles it away so that the people at the bottom have to bail out the people doing the gambling at the top.
I am reminded of the Saturday night live skit where Dan leans over and says, "Jane, you ignorant slut."
The evidence of multilbillion dollar corporate failures are all around you! Yet you blame 'socialists?'
May I suggest a nice community college 101 course in Political Science? Then, perhaps, you won't be stupid enough to wander through a barren corporate landscape and blame 'socialists.'
How is socializing the debt to bail out the bankers (banksters) not socialism? We are bailing out the government and getting kicked to the streets as a thank you. Its worse than socialism. The banks didnt even deserve a bailout in the first place with their "casino" style schemes and insider deals.
WOW! what a crap video! how about you TRY and make a video of the other 80% of the Vegas employed! How about you make a video of the guy working over time because he wants to and feels glade that he finally has extra money! YOU are only showing ONE side of the debate....the 20%...how about you show the 80% that everyone else see's? ALSO when you pick a town that has its main economy as "games of chance" you know that town wont last long! BRING BACK BUSH! BUSH! BUSH! 2012 BUSH!
Bring back Bush?? To hell with all of them! The Democrat/Republican scam has kept the country perpetually F****ed. Open you're eyes you blind ignorant person.
Vegas whores are lame and overpriced... Thailand is 1000x better! OUTSOURCE YOUR VACATIONS! Your stupid dumbass greedy whores did u in.. We will go to Thailand now for our vacations ( I lived in Vegas for a year too...)
ROFL 4.8 billion ... i wonder how much food that could buy for the poor ... or how many small homes could have been made ... but who the fuck cares about the people .. we have profits to think about!!!!
Vegas screwed itself. It would have been recession proof if they did what they did best. Cheap food, cheap rooms, cheap drinks and gambling. When Vegas tried to go upscale it died. Who wants to pay 60 bucks a person for a buffet? Same buffet in the early 90s cost 9 bucks.
when i was in vegas i got offered a deal to buya one bed apartment in that 9 billion project,i was right to alk away.my mate lost 60,000 uk pounds in dubai
The guy that posted these videos is all over the map with the economic "opinions" he is spewing. First saying that the failure of businesses in Las Vegas to complete construction is "not laissez-faire" (it is, completely), then wildly swinging the other way to complaining about the "socialistic policies" of the "administration" "squeezing the little guy out". I can't figure out if this guy is coming or going.
go take it to the steps of the Bilderberg Group & Killuminati/Illuminazi's. Kill the economy & expected people to keep gambling?? What mental manure those guys came from! I don't hav any sympathy or empathy since it's known that every casino uses direct energy weapons on every person the minute they walk in. You won't win at the games becuz they are controled wi/this technology & used on people to make them continue putting all their cash into it. far 2 many dont kno about this technlgy 'n shuld
Well I don't care what anyone says, Vegas was a great place to live. I use to live there about a year ago and it was booming. Vegas isn't all about gambling and prostitution as people think. There are great churches, schools, libraries, museums, zoo's and very beautiful places there. I have lived in a lot of places and Vegas was always the best. If you haven't lived there before, don't talk crap about it.
What the what I have lived in Vegas for 8 years there is no zoo, not many museums. As a rock climber I will give Vegas three thumbs up for outdoor activities Red Rocks, Zion, etc are amazing.
This guy has his economics twisted. The painful truth is that free market laissez faire capitalism is the PROBLEM not the solution and Las Vegas is the ultimate manifestation of the greed and materialism that has dictated economic policy over the past 30 years. The housing bubble was the result of government deregulation, NOT government intervention in the economy. An international economic system based on sustainability and cooperation among working people is needed.
@CasualDude agree. Huge differences in incomes leads to disaster. Everybody is important in an consumption society. Even those who just consumpt. The savage capitalism of work or die logic is repulsive and animalistic. And it leads to total destruction. US should abandon the laisezz faire capitalism and apply a capital system with big safety net. As the scandinavians are doing. Sure the super rich would be against but who cares about them.
My friend bought in 90 for 79K, in 06 home value rose to 350K. He wanted to sell, wife and kids said no. Today same home going for 100k to 110k and plunging. His friend is in RE and says, home sales r brisk w/multi offers. Yet his RE friend says, we are no where near the bottom. And fears only the cash buyers will have the holding power, should economy worsen. More option arms and Alt A's r coming. If u plan to buy and rent it out, u better have a good plan B !!! IMHO
Nice presentation George. If there is any doubt in peoples minds that we are in fact in a depression those soon will be dispelled for the upcoming deflation is near. It will be interesting to see how the Vegas area bodes during this period. In the prior 1930s depression they did ok because of new laws that legalized gambling and the construction of the Hoover Dam. I was there last August and looks like this are getting worse since then.
@v44forme1 Those jobs are gone. That's the problem with this economy. Keep in mind that the problem isn't just that people are out of work or out of a jobs its that nearly half those jobs will evaporate, leave , depart and vanish FOREVER. If it was simply competition with illegals, that would be easy. Now, honest, hard working Americans are looking for josb that don't exist anymore.
When George Jetson went to Las Vegas, he had extra cash, he had a good job to go back to, his money was able to save, because he was not taxed to death, paid extrs fees, high interest rates etc etc. He had a safe pension. retirement plan, vacation, great medical plan just like the people on the hill. The USA made things, 100% USA made back then. Only China makes 100% Chinese made. Wall Street helped by our gov destroy Vegas, destroyed the USA.
@v44forme1 I tend to agree. It was capitalism run amuck backed by the US Government and the Federal Reserve Bank which is largely private anyway. Wall Street demonstrated conclusively that they care only about themselves. So people are getting fucked by both the free market and the government.
@MultiSmartass1 the free market doesnt fuck people. the free market gets rid of the bad investments. The government... well they try not to fuck people, they can only invest what they take from us... so....
@vegaspilot03 The free market just fucked America. It was called TARP, it was called a bailout. Tax payer moneys went to prop up AIG, Citibank, Goldman Sachs.
The free market just fucked America. It was called the BP Oil spill in the gulf of mexico. The free market if like smoking: bad for your health.
@MultiSmartass1 my friend, i understand your anger, but your emotions are misplaced on their enemy. Under free markets, the Federal Reserve would not exist, Government would never get involved in "bailing" out anyone, and the oil government would never have placed a ban on near shore drilling (aka, "safe drilling") it was the government that forced oil companies to drill in unsafe places by giving them an incentive: a limit of $75 mil. in costs in case of an oil spill, is BP @ fault? yes and no.
@vegaspilot03 We have never really had a free market in this country. we've had freer markets in the past but the economy has largely been the result of not central planning but central guidance. The larger issues regarding the governments around the globe as well as the US stems from the fact in 1971. Nixon largely diamantled the Bretton Woods system allowing capital to fleely float without controls and the end of Glass-Steagall in '99 also.
@MultiSmartass1 I agree with you that we never had a completely free market. We were the closest in recent history, and we were the most free (liberty-wise), the most prosperous, and the best government in recent history. That was some time ago. Nixon placed a nail in the coffin, but there were many nails used. I am glad that you are understanding these issues, they are vast and quite entrenched into our monetary system. I hope we can pull the plug on the printing press.
@vegaspilot03 Unfortunately, I have forced myself to read up on economics and business, two subjects I hitherto had little to no interest in. The US has had its day economically. What people here don't understand is nothing lasts forever. The party will be over if not today, tomorrow or next week than next year or the next decade. China owns over $2 trillion in obligations and a good number of those are in US dollars. Better hope they get rid of those.
@vegaspilot03 As yes, free Silver. Good luck getting that off the ground. Silver was defeated in the 1896 Presidential election when Americans advocated free silver to replace the dominance of gold and reduce prices. As is typical in this country, the banks and financial institutions always win like they did in '96 when Mckinley won the Presidency.
Let's not act like Vegas was some great established metropolitan area that, woefully, is finally collapsing after centuries of successful habitation. It was useless, cheap-ass desert that got made into what it is in about 1910, SPECIFICALLY for making a few dudes a ton of money gambling. Stupid shit like that never lasts. No kidding Vegas is going under- what did you expect?
Ye have a left commo system. Whats the diff between the us and china well ye both have the star, ye both think the sun shines from ye arse! well the system does NOT the people. China has the commo system ye have the ZJEW one. NOT against Jews just the right wing ones!!!!!!!!!!!
and ye have no system for ye people. Big gap in people standards man. Rich poor and slowly loosing the mid man..slowly
Las Vegas is a modern boomtown that will inevitably go bust just like all the other boomtowns in nevada. Take a look at a nevada map. littered with abandoned towns because resourced dry up like precious water and oil.
The global economic situation I think will just speed it up.
@fuzzybekool Actually, that thing is what has allowed us to be taxed (robbed) by the government. SImple solution: disobedience & agorism. Stop giving the gov the resources they use to rob & kill you.
@fuzzybekool What does US Constitution has to do with all these? Can u pls explain more. I think "The People" = US need to put our act together and take some responsability... all the world laugh at the LAZY American who had everything easy, I think we need to get back some of the constructive and motivated values we had in the past and made us become a SUPER POWER. Beacuse none of it is left, we need to remind ourself WHO WE ARE and help this ECONOMY!!! VIVA LAS VEGAS!!=0)
@fuzzybekool Like the government would give away its power to help us little people... To follow the constitution is to follow it lock stock and barrel, no exceptions... so they say fuck the constitution we like power.
had john mccain been elected in 2008 we would be at war with Iran & gas would be 5 dollars a gallon & half the u.s population would be out of work because we could no longer afford to drive to work or even to the fucking grocery store to buy food that we also could no longer afford
for those who want to blame obama for all of this .. am I the only one that notices that the cost of gasoline per gallon drops dramatically just before every presidential election when we have a sitting GOP president?? it happened in 2004 & 2008 & now it's flat lined because obama does not have ties to corporate oil like george bush did/ & still does.. big oil always wants a GOP president in office because they can price oil at whatever level they wish
@alexnolen the only positive thing that I would say to you is that if you do somehow find a way to get out of there & I really think that you need to, go somewhere that isn't desert because all of those places will suffer the most first & also the worst later.. you're right that it's only a matter of time before we see the cost of gas start to go back up. I hope you can figure out somewhere to go.. just get out of the southwest where the water will run out first
don't expect anything to get better in this country soon. As long as jobs and manufacturing is leaving the country and the American paper dollar is backed by nothing we will head straight down
Terrific video George, you offer some keen insight into the problems of Vegas that someone like myself sitting in Georgia will never see in any media available to me.
I work in corporate America and you are so, so right in saying that the small people are getting 'squeezed by corpoartions demanding more and more and paying less and less.' to paraphrase what I heard. Corpoarate greed is rampant, moreso than I have ever seen. Its throughout our country; Capitalism on steroids.
I worked in Las Vegas when it was the greatest city in Nevada or the US for that matter, 1955-1967. It Had Class. Now it's little more than an amusement park for little kids and their nurotic mommies. The Tropicana was owned by Frank Costello where I worked and we were refered to as the Tiffany of the Strip. Now it's a FRIGGIN DISSASTER ZONE with penny players in cheap garb. THE CLASS LEFT WITH CIRCUS CIRCUS AND THE STEVE WYNNS of Vegas, and with it so did VEGAS forever!
ITS COMING= hyperinflation, dollar crash, martial law, FEMA prisons, homelessness, tent cities, civil war- its coming- and Obama MUST be impeached for his fraudulent lies. The US debt is atleast 70 trillion. WAKE UP people this fairly tale we are in will soon end.
Impeached for his lies. Are you crazy? You obviously missed the GOP Retreat January 29, and what Obama also told people in New Hampshire today Feb 02. All on live T.V. Impeached. That's really funny. The Party of No needs to be Impeached. Especially the Republicans from 2000-2006. You need to do your research. It's all been coming to the surface which is why the GOP has been pissed of. Their dirt is coming out.
@WilliamHCarney I agree but you've got a lunatic as your president TODAY! Get him out first , he's going to bankrupt the USA. He has sent 30,000 troops to Afghanistan ( He lied on that) , hes sendin 200,000 more UN to USA for martial law- that will make it under 1000000 soldiers to control the masses when the dollar crashes.
@jiminiflix what you have not taken into consideration is that the debt was already there before obama became president.. the vast majority of this debt is from defense spending for two pointless wars. george bush bankrupt the state of texas when he was governor.. very few payed attention to that & he became president & ran the whole country into the ground the very same way that he did the state of texas...he spent billions freely with no consideration of the consequences. now we see the result
@jiminiflix do you know what the daily interest is on the national debt ??? it is so ridiculously high that we cannot even pay the interest on the national debt so there's no way that this debt is ever going to be reversed.. do you think that things will be better if we suddenly have another republican president ?? that would only speed up the inevitable decline
If the US government couldn't pay the interest on it debt, the dollar would be deemed 'dead'. Theres a latin term I cannot remember. But I assure the US actual national debt is FAR more than 12 trillion. That figure firstly doesn't include war debt or any promised debt it must pay. The I have a debt clock that shows the truth at around 74 trillion. This I believe is a conservative estimate. There is remember also their black budget. Lets not forget the derivatives debt of a quadrillion.
Today(1-28-2010) tha local coin shop was EMPTY of Canadian-Silver-Maple-Coins("A First"... VERY- H OMINOUS), but still had plenty of US Silver Eagles(w/2% copper), even virtually all tha Silver Bars-Bullion Was GONE also... Next It will be EMPTY FOOD SHELVES at tha grocery store?
With the Indian Casino's and horseracing conversion into Casino's Vegas is dieing a slow death. I live in WV and the table games start in June and the expectations to obtain market share are huge.Why fly when you can drive an hour. We are 70 miles from DC. Vegas in 50 years will turn back to the Desert it once was. Great job George finally some true reporting.
I wonder if journalists check out Georges videos, because two days after G4T's Las Vegas videos we have the UK's Daily Telegraph writing an interesting piece entitled,
"Bright lights of Las Vegas cast a shadow over its burgeoning poverty".
All about the Storm drain vagrants, homelessness & poverty.
Just shows, even though Vegas is still one of the MAFIA's biggest cash cows... nobody's getting any milk for free!.
Yep, it is like an adult Disney World. WAY to expensive for not much pleasure. My husband and I went to Vagas in 1996 for three nights. We did not gamble and yet spent the same amount of money than we did a few months later on a 10 day trip in Eastern Europe.
Nope, those consumer glitz places can keep their bling, I think I would rather go to Beijing.
We never learn, Like all great empires before us we're going down,down,down..
'the nations have drunken of her wine; therefore the nations are mad.
Babylon is suddenly fallen and destroyed: howl for her; take balm for her pain, if so be she may be healed.
We would have healed Babylon, but she is not healed: forsake her, and let us go every one into his own country: for her judgment reaches unto heaven, and is lifted up even to the skies'
The moment white man stepped on the shores of the great continent he was in debt to the great spirit. for over 500 years white man has raped the land. now its time to pay up.
You know? Obviously not. I'm sure you gave about 2 seconds of thought to it before you came up with your idiotic answer. There are over 330 million Americans here in this country and that will be over 450 million in less than 30 years the way were going.
Most in favor of population are religious nuts who have been brainwashed by their pastors. But, even they are seeing their communities taken over by immigrants who don't hold the same beliefs or values. You better re-think your position.
"Europe is living way below its means, and reducing population will make it ungovernable."
Sorry but you are wrong. Lowering Europes population will only make it better and easier to govern. Lower population always equals a better standard of living. Europe has the same problem that the US does... they simply let too many immigrants in to their countries, which is now killing them since the economy has gone bust. More people is always bad.
Say thank you to whom? For the international bankers (Rockefeller, Rothschild) and FED (Ben Bernanke). Now that you're awake, you see that the conspiracy
Hi from NZ George. great Video 5star rating! NZ Govt have just released plans for capital gains tax on house sales and a new Land Tax for land that is not even being used.
I cant even get approved for foodstamps. I was told if I had kids, I'd have them already. And the social svc lady is the one that told me this! Like people w/o cant fall on hard times. I was a ramen noodle eating fool lemme tell ya!
You really should go National with your message about Vegas, I am sure there are some BIG networks that will put you on!
Those pics just before 4 mins makes it look like a slum and ghetto..I always wanted to go to Vegas but am changing my mind plus I wouldn't have big money to blow anyways. The days of company sponsored conventions and crap is ending in these times.
@hobatu, that mabe the case if friggin Latvia, I didn't even know Latvia was a country. I thought it was a Principality like Morrco. I thought your country had been conquered by the Danes long ago & was used by the Euopean Union to store toxic waste.
UK already has Mulsim MP's the Goverment is leaning overbackwards to appease Islam. Euope now makes Neville Chamberlin seem like a hard liner.
Probaly just as well it's all going to shit. We need a Global reset, Like after the plague in 14th.
@hobatu, I never said Genocide would be THE method but Euorpe has show a high profiency in that field. Noboby could mass kill people like Germans. They are as good at Genocide as they are at makeing BMW's.
Hell the Nazi industrialized the process.
My suggestion this time is to pay people to die. Probaly more efficient and it is a "Free Market" solution.
@hobatu, cause you got Muslims multiplying faster then corn fed bunnies.
All these Muslims you let in your country will make Europe the Dream that Osma Bin Laden wants. Shit there will be more Muslims/Islam in Europe then Europeans.
@hobatu, really well you may be an electrical engineer but you know diddly about agriculture.
Wake up call dude. Google paper enitled
"Eating Fossil Fuels" by Dale Allen Pfeiffer.
We are just at the beginning of a culling of the population. It will start this year with more food riots in Haiti & other 3rd world countries, there will be shortages worldwide & then the wars will ramp up.
Exciting times we live peeps. They will be makeing movies about us in 100 years if there is anybody left.
valhala, Dittos. I have read that on average, 1sqmi of land can support 300 people. The population density of Haiti is around 1100 people/sqmi. Oil has allowed limits higher than 300 people/sqmi. When the oil drops off of its production plateau the fun begins.
Did not have the problems. Housing, crime, hotels closing. When the mob ran it.
arbgast641 4 weeks ago
THERE IS NO SUCH THING AS FREE MARKET ENTERPRIZE. MONEY IS BASED ON THE GOVERNMENT BORROWING MONEY FROM THE BIG BANKERS AND MAKING THE TAX PAYERS PAY.
comptonproduction 1 month ago
I live in Vegas and yeah its BAD here and to make things worse the only fresh water supply Lake Mead is expected to be depleted in 2030.
blkhat117 3 months ago in playlist More videos from george4title
The boardwalk was one of those old-time casinos on the strip where you could find $3 blackjack and roulette. Now you can barely find a $10 table anywhere most are $15-$25 minimun. Dont these casinos realize that their average customer doesnt come to Vegas with Thousands of dollars to gamble! They need to bring back more $5-$10 tables!
FutureUnChanged 3 months ago
Wow and I was thinking of moving to Vegas to start my own business making handicap accessible motorcycles. Glad I saw this. . .
krisreckner 4 months ago
What a shame / waste.....
MrGraygrizz 4 months ago
i woud like to work but everything is in china
samantha34ize 4 months ago
@samantha34ize Soon Americans will be border-hopping to Mexico for jobs!!!
papatoony 3 months ago
Hard to say. I still see lots of people in 'Vegas, gaming away. But you are right, the place did lose it's identity. Each resort is a destination unto itself. City Center, BTW, cost over 16 billion dollars. It is alive now, but what a struggle. I would never bet against America, but it is on the brink of collapse like never in it's history.
BlueStateChronicle 6 months ago
we are living among our ruins right now. We have enough resources, land and homes to house EVERYONE! Our jobs have been outsourced and section 8 housing lists have waiting lists years long. I knew america was declining when I was told there was no such thing as emergency housing? Since when? We call ourselves the richest nation in the world?
InspiredMuse74 6 months ago
Just wait until all the lovely sovietized green taxes hit home. (china and india will pay none btw).
rlilewis 6 months ago
I visited Las Vegas the last time was in 2000 before the credit bubble boom. All the old Mid Century Modern Masterpieces like the original Sands were demolished. I loved the city and all this is so sad.
jvarela965 6 months ago
Las Vegas is an excellent metaphor for the US economic. A massive credit-financed boom followed by a crushing bust. Las Vegas is the US in microcosm.
bearmare 7 months ago
The numbers of chronic homelessness and unemployment is at extreme levels, levels so high no one wants to talk about it. The free market will operate in Las Vegas, but it will be predatory, driving labour costs ever lower, just as been done in China. What no one mentions about China's 'economic miracle' is the massive amount social destruction it has wrought. The US is in a race with China to the bottom. The difference is that the US has a history of rebellion.
bearmare 7 months ago
I have never been there, but I have never heard a bad thing about it from my freinds that go.
mdo686 7 months ago
great videos
sternumkick 7 months ago
lol....this real estate bust was going to happen and everybody knew it but all their eyes and brain saw was greed in the short term. Home prices in Vegas were INFLATED big time!!!!! I saw that and I refused to buy a half million dollar home and got out before the bubble burst
Now you got most of las vegas homeowners under water owing more on their house than it is worth....but greed and stupidity has led to your ruin
Leave the city NOW! Las Vegas is a cess pool stagnating
MatrixFactoryGuy 7 months ago
@MatrixFactoryGuy Unfortunately I don't think everyone knew it. People seriously thought their cookie cutter stucco shit-shacks on a postal stamp-sized parcel of desert wasteland were gonna be worth $1 million eventually. Fucking idiots.
papatoony 3 months ago
what a fat yank......He has a religious bent for the free market//////let me tell you in one world what happened.....speculation
zimmaman19 8 months ago
Any state that would elect Harry Reid deserves to go up in flames.
outbackeddie 8 months ago
America needs more hemp and constitution.
Xgames13 8 months ago
I don't understand why they just don't sell it off at a great discounted price. It's better to have some money than NO money.
kt9l 8 months ago
i guess whatever starts in vegas never ends in vegas.
NinezeroPlayer 9 months ago
atleast i know my prostitutes will be radiated when i pick them up...
ThousandairesClub 9 months ago
this guy is an idiot. the leases were there in downtown because they jut had finished building that portion. the city center is great. its beautiful, artistic, and the entertainment is great. Do you know that a valet parking kid can make 5 figure income off of valet parking. The prices in downtown and sumerlin are really cheap. The strip was always more expensive. The service is great. wtf. he should just shut up. He is not helping by telling people not to come to vegas.
lbalanovsky 9 months ago
@lbalanovsky So everyone should just move to Vegas and become a valet? Riiiiiight.
papatoony 3 months ago
This is GSB sorry pop your not riding my tales on this one! I love F black trucks!!
theantiredneck 10 months ago
--on and people are being put back in their place, it doesn't mean you can't still have it, it just means you have to know exactly how the game works and you need to know exactly what your doing or your going to get hurt most importantly you will B hurt psychologically!
theantiredneck 10 months ago
So to people that don't know it's just like everything else you have to know what your doing and have to know the rule and how the club works if you don't you lose if you do you win simple as that but don't think for a moment the money machine isn't as strong as it has ever been this is an adjustment to settle the masses down back into being the labor market that is needed, everyone started to think for awhile they were going to B rich and B in labor but that just don't work so the slap is ---->
theantiredneck 10 months ago
--is ECN that means your broker doesn't see the trade it goes straight through to the cbot intraday system and isn't manipulated and the signal you see is the real thing but the issue with an Ins. account is that most places need a $100k or more minimum deposit so that keeps most people out and keeps out the rift raft so to speak! Once your in an Ins. account and your broker see's you can survive making successful all the time your in the door and is cheese from their on!
theantiredneck 10 months ago
--- day trading and lose which is most people don't understand the difference between standard accounts and Institutional accounts and they open a standard account that's not ECN and trade in a made market and don't realize that standard accounts are traded against Ins. accounts and that means if you win their Ins. guy loses and your made market gets spikes and is volatile to make it difficult to trade so the Ins. guy wins! So what that means is you need to open an Institutional account which-->
theantiredneck 10 months ago
You just have to B in the right place and know what your doing, remember most people think the stock market is doing horrible and you can't make money that goes to show you how the sheep's mind really see's things! People think 99.9% of people that trade stocks lose and that means the stock market isn't a place to make money and that couldn't B more wrong, i know hillbilly rednecks laugh when you mention the market that just shows how little they know! Most people don't understand that try----->
theantiredneck 10 months ago
There is a reason gold is being bought is why those commercial asking you to send your gold in a little bag, yeah the dollar might have some issues that why you invest in other currency's such as gold then cash it out in a medium that does have value, but don't fall for all the doom and gloom a lot of that has Asymmetric overtones that follows the same energy pattern as a dog shaking it's self dry nothing more!
theantiredneck 10 months ago
Nightmare :(
pstavrakis1 10 months ago
Hit Me
primoknoxville 10 months ago
if I didn't get to live with my folks I'd be homeless as well..scary times especially here in Vegas
geor1717 10 months ago
City Center is indeed the fuck-ugliest clusterfuck ever conceived by man. What were they THINKING!? I watched it go up and I kept thinking maybe it would look good once it was finished. Nope.
papatoony 11 months ago
Nevada,keep voting Harry Reid and continue to reap your bitter fruits.
Darwinist1 11 months ago
I shouldn't have spent all that cheese on hookers & blow.
rockstarofredondo 1 year ago
america is finally being directly affected by global realities.overindulgence is being eliminated and most ppl cant be used to it.it will be painfull but we gonna get used to it!live within your means is the first step.by the way do your research and see how real estate is doing in developing nations,its booming.and yeah the same corporate guys are flocking to asia and africa because the returns are phenomenon.again keep your needs simple and save
raspeople77 1 year ago
@raspeople77 And where are these "developing nations" getting the money.
Get a clue. Do your research.
linwooddeaton 11 months ago
Banksters...LOL!!
togwm 1 year ago
@togwm lol
horsefeathers87 10 months ago
The road to hell is paved with good intentions (bad investments I mean) ...now all your money will be pissed "for you" right down the drain...this guy is spot on!!!!...... this is the realty that is going to bite you hard!!!!!
togwm 1 year ago
I think your best video! Thanks George4.
carefulcarpenter 1 year ago
This is a very upseting video, Vegas has definitely been corporatized. It seems like this deck of cards will soon buckle. Wall Street & the Bankers have officially pulled the plug for all the working class Americans. I truly believe an uprising is inevitable at this point, in America we fight for what's right. There will be many people wanting revenge or vigilanty style justice. It will not be hard to pick targets, after all who outsourced your job? foreclosed on you? raised your taxes?
casperdarapper 1 year ago
Vegas....what a metaphor for what America has become. A casino economy that takes away pensions and gambles it away so that the people at the bottom have to bail out the people doing the gambling at the top.
kcran5671 1 year ago
i thought this fag was living in a tent what a troll
peckiledorf 1 year ago
Just got an offer of 2 free nights at circus circus LOL, yup vegas is in big trouble!
hanoitwin 1 year ago
I am reminded of the Saturday night live skit where Dan leans over and says, "Jane, you ignorant slut."
The evidence of multilbillion dollar corporate failures are all around you! Yet you blame 'socialists?'
May I suggest a nice community college 101 course in Political Science? Then, perhaps, you won't be stupid enough to wander through a barren corporate landscape and blame 'socialists.'
Idiot.
Seldona 1 year ago
@Seldona
How is socializing the debt to bail out the bankers (banksters) not socialism? We are bailing out the government and getting kicked to the streets as a thank you. Its worse than socialism. The banks didnt even deserve a bailout in the first place with their "casino" style schemes and insider deals.
kcran5671 1 year ago
Good report.
kcirdrab 1 year ago
WOW! what a crap video! how about you TRY and make a video of the other 80% of the Vegas employed! How about you make a video of the guy working over time because he wants to and feels glade that he finally has extra money! YOU are only showing ONE side of the debate....the 20%...how about you show the 80% that everyone else see's? ALSO when you pick a town that has its main economy as "games of chance" you know that town wont last long! BRING BACK BUSH! BUSH! BUSH! 2012 BUSH!
photofox1985 1 year ago
@photofox1985
Bring back Bush?? To hell with all of them! The Democrat/Republican scam has kept the country perpetually F****ed. Open you're eyes you blind ignorant person.
kcran5671 1 year ago
Comment removed
togwm 1 year ago
Vegas whores are lame and overpriced... Thailand is 1000x better! OUTSOURCE YOUR VACATIONS! Your stupid dumbass greedy whores did u in.. We will go to Thailand now for our vacations ( I lived in Vegas for a year too...)
wildcard21276969 1 year ago
Some of your best work. 5 stars if I could
Robonza 1 year ago
ROFL 4.8 billion ... i wonder how much food that could buy for the poor ... or how many small homes could have been made ... but who the fuck cares about the people .. we have profits to think about!!!!
steveo9001 1 year ago
Vegas screwed itself. It would have been recession proof if they did what they did best. Cheap food, cheap rooms, cheap drinks and gambling. When Vegas tried to go upscale it died. Who wants to pay 60 bucks a person for a buffet? Same buffet in the early 90s cost 9 bucks.
Iridium242 1 year ago
Very true! When the mob ran Vegas it wasn't a transient city, the mob kept out the rift raft.
DIJV79 1 year ago
when i was in vegas i got offered a deal to buya one bed apartment in that 9 billion project,i was right to alk away.my mate lost 60,000 uk pounds in dubai
livefreeinuk1 1 year ago
Project Venus
schopenhauerjr 1 year ago
i have never though of that. las vegas Being a Bata Test ? This Place Is Going To Be Desolate.
holyinpure 1 year ago
The guy that posted these videos is all over the map with the economic "opinions" he is spewing. First saying that the failure of businesses in Las Vegas to complete construction is "not laissez-faire" (it is, completely), then wildly swinging the other way to complaining about the "socialistic policies" of the "administration" "squeezing the little guy out". I can't figure out if this guy is coming or going.
SilentServiceCode 1 year ago
@SilentServiceCode
break out of the left right paradigm and you will be able to figure it out.
Ne0mega 1 year ago
Vegas' economy is terrible.
brettfoshager 1 year ago
greed never wins
jendeh1000 1 year ago
go take it to the steps of the Bilderberg Group & Killuminati/Illuminazi's. Kill the economy & expected people to keep gambling?? What mental manure those guys came from! I don't hav any sympathy or empathy since it's known that every casino uses direct energy weapons on every person the minute they walk in. You won't win at the games becuz they are controled wi/this technology & used on people to make them continue putting all their cash into it. far 2 many dont kno about this technlgy 'n shuld
HigherWaysWoman 1 year ago
Well I don't care what anyone says, Vegas was a great place to live. I use to live there about a year ago and it was booming. Vegas isn't all about gambling and prostitution as people think. There are great churches, schools, libraries, museums, zoo's and very beautiful places there. I have lived in a lot of places and Vegas was always the best. If you haven't lived there before, don't talk crap about it.
londonlyrictv 1 year ago
@londonlyrictv
What the what I have lived in Vegas for 8 years there is no zoo, not many museums. As a rock climber I will give Vegas three thumbs up for outdoor activities Red Rocks, Zion, etc are amazing.
ChrisSarahBrown 1 year ago
This guy has his economics twisted. The painful truth is that free market laissez faire capitalism is the PROBLEM not the solution and Las Vegas is the ultimate manifestation of the greed and materialism that has dictated economic policy over the past 30 years. The housing bubble was the result of government deregulation, NOT government intervention in the economy. An international economic system based on sustainability and cooperation among working people is needed.
CasualDude 1 year ago
@CasualDude agree. Huge differences in incomes leads to disaster. Everybody is important in an consumption society. Even those who just consumpt. The savage capitalism of work or die logic is repulsive and animalistic. And it leads to total destruction. US should abandon the laisezz faire capitalism and apply a capital system with big safety net. As the scandinavians are doing. Sure the super rich would be against but who cares about them.
2009zigi 1 year ago
I worked City Center and left Las Vegas after my company was laid off. The actual money spent was 12 billion not 9 bill. It truley was a waste.
MsTheresaKelly1 1 year ago
My friend bought in 90 for 79K, in 06 home value rose to 350K. He wanted to sell, wife and kids said no. Today same home going for 100k to 110k and plunging. His friend is in RE and says, home sales r brisk w/multi offers. Yet his RE friend says, we are no where near the bottom. And fears only the cash buyers will have the holding power, should economy worsen. More option arms and Alt A's r coming. If u plan to buy and rent it out, u better have a good plan B !!! IMHO
qs711 1 year ago
why do people even go to vegas? its an overpriced money wasting sesspool
wordwarrior42 1 year ago
Actually, It should have read "better hope they don't get rid of those" US Dollars.
Sorry, I guess Iam not entirely awake.
MultiSmartass1 1 year ago
I live in Vegas, they tried to develope downtown years ago, and that didn't work either.
The parking downtown sucks and the surroundung area ia dangerous.
truthsabre7 1 year ago
Nice presentation George. If there is any doubt in peoples minds that we are in fact in a depression those soon will be dispelled for the upcoming deflation is near. It will be interesting to see how the Vegas area bodes during this period. In the prior 1930s depression they did ok because of new laws that legalized gambling and the construction of the Hoover Dam. I was there last August and looks like this are getting worse since then.
diezeled 1 year ago
good vid
spineadjuster13 1 year ago
theforbiddenknowledge
sakdrama 1 year ago
wake up brothers
sakdrama 1 year ago
And what about all the illegals working in hotels, construction etc. Where is the jobs for legal peoples of America.
v44forme1 1 year ago
@v44forme1 Those jobs are gone. That's the problem with this economy. Keep in mind that the problem isn't just that people are out of work or out of a jobs its that nearly half those jobs will evaporate, leave , depart and vanish FOREVER. If it was simply competition with illegals, that would be easy. Now, honest, hard working Americans are looking for josb that don't exist anymore.
MultiSmartass1 1 year ago
When George Jetson went to Las Vegas, he had extra cash, he had a good job to go back to, his money was able to save, because he was not taxed to death, paid extrs fees, high interest rates etc etc. He had a safe pension. retirement plan, vacation, great medical plan just like the people on the hill. The USA made things, 100% USA made back then. Only China makes 100% Chinese made. Wall Street helped by our gov destroy Vegas, destroyed the USA.
v44forme1 1 year ago
@v44forme1 I tend to agree. It was capitalism run amuck backed by the US Government and the Federal Reserve Bank which is largely private anyway. Wall Street demonstrated conclusively that they care only about themselves. So people are getting fucked by both the free market and the government.
MultiSmartass1 1 year ago
@MultiSmartass1 the free market doesnt fuck people. the free market gets rid of the bad investments. The government... well they try not to fuck people, they can only invest what they take from us... so....
vegaspilot03 1 year ago
@vegaspilot03 The free market just fucked America. It was called TARP, it was called a bailout. Tax payer moneys went to prop up AIG, Citibank, Goldman Sachs.
The free market just fucked America. It was called the BP Oil spill in the gulf of mexico. The free market if like smoking: bad for your health.
MultiSmartass1 1 year ago
@MultiSmartass1 my friend, i understand your anger, but your emotions are misplaced on their enemy. Under free markets, the Federal Reserve would not exist, Government would never get involved in "bailing" out anyone, and the oil government would never have placed a ban on near shore drilling (aka, "safe drilling") it was the government that forced oil companies to drill in unsafe places by giving them an incentive: a limit of $75 mil. in costs in case of an oil spill, is BP @ fault? yes and no.
vegaspilot03 1 year ago
@vegaspilot03 We have never really had a free market in this country. we've had freer markets in the past but the economy has largely been the result of not central planning but central guidance. The larger issues regarding the governments around the globe as well as the US stems from the fact in 1971. Nixon largely diamantled the Bretton Woods system allowing capital to fleely float without controls and the end of Glass-Steagall in '99 also.
MultiSmartass1 1 year ago
@MultiSmartass1 I agree with you that we never had a completely free market. We were the closest in recent history, and we were the most free (liberty-wise), the most prosperous, and the best government in recent history. That was some time ago. Nixon placed a nail in the coffin, but there were many nails used. I am glad that you are understanding these issues, they are vast and quite entrenched into our monetary system. I hope we can pull the plug on the printing press.
vegaspilot03 1 year ago
@vegaspilot03 Unfortunately, I have forced myself to read up on economics and business, two subjects I hitherto had little to no interest in. The US has had its day economically. What people here don't understand is nothing lasts forever. The party will be over if not today, tomorrow or next week than next year or the next decade. China owns over $2 trillion in obligations and a good number of those are in US dollars. Better hope they get rid of those.
MultiSmartass1 1 year ago
@MultiSmartass1 so much for the dollar eh? Silver silver silver....
vegaspilot03 1 year ago
@vegaspilot03 As yes, free Silver. Good luck getting that off the ground. Silver was defeated in the 1896 Presidential election when Americans advocated free silver to replace the dominance of gold and reduce prices. As is typical in this country, the banks and financial institutions always win like they did in '96 when Mckinley won the Presidency.
MultiSmartass1 1 year ago
VIVA LAS VEGAS (ELVIS THE "KING")
gabrielredux 1 year ago
I been ti /vegas lots of time and they have LOTS of homeless and complete families are homeless there they live in the dranage pipes..
ding0925 1 year ago
Let's not act like Vegas was some great established metropolitan area that, woefully, is finally collapsing after centuries of successful habitation. It was useless, cheap-ass desert that got made into what it is in about 1910, SPECIFICALLY for making a few dudes a ton of money gambling. Stupid shit like that never lasts. No kidding Vegas is going under- what did you expect?
WreckedDixie 1 year ago 20
@WreckedDixie yeah, there is nothing useful there, except the opportunity to speculate and gamble.
stopthesoftkill 1 year ago
@WreckedDixie Fucking spot on
uwmbigb 1 year ago
damn that collaps at 4.10 looked like something I saw on september 11th.
berlinrelic 1 year ago
Ye have a left commo system. Whats the diff between the us and china well ye both have the star, ye both think the sun shines from ye arse! well the system does NOT the people. China has the commo system ye have the ZJEW one. NOT against Jews just the right wing ones!!!!!!!!!!!
and ye have no system for ye people. Big gap in people standards man. Rich poor and slowly loosing the mid man..slowly
outsourcing and fake share prices all bs
n057828 1 year ago
The mega casinos were the beginning of the end for Las Vegas.
crapperjake 1 year ago
I dont understand George.
The little dubai project is a RESULT of free mkt capitalism. out of control. Now when the govt steps in to help your saying that socialism wont help.?
ANTIDALLARD 1 year ago
That $9B project was finished thanks to Harry Reid, for better or worse.
suzettespencer 1 year ago
Las Vegas is a modern boomtown that will inevitably go bust just like all the other boomtowns in nevada. Take a look at a nevada map. littered with abandoned towns because resourced dry up like precious water and oil.
The global economic situation I think will just speed it up.
Same story, just 100 years later.
alexnolen 1 year ago 2
The fix for all our woes is a simple one.
The United States Constitution.
fuzzybekool 1 year ago 22
@fuzzybekool Actually, that thing is what has allowed us to be taxed (robbed) by the government. SImple solution: disobedience & agorism. Stop giving the gov the resources they use to rob & kill you.
rockstarofredondo 1 year ago
@fuzzybekool Couldnt say it better myself!
iam4u2cl8er 1 year ago
@fuzzybekool What does US Constitution has to do with all these? Can u pls explain more. I think "The People" = US need to put our act together and take some responsability... all the world laugh at the LAZY American who had everything easy, I think we need to get back some of the constructive and motivated values we had in the past and made us become a SUPER POWER. Beacuse none of it is left, we need to remind ourself WHO WE ARE and help this ECONOMY!!! VIVA LAS VEGAS!!=0)
causa04 1 year ago
@fuzzybekool Like the government would give away its power to help us little people... To follow the constitution is to follow it lock stock and barrel, no exceptions... so they say fuck the constitution we like power.
busterbladerpwn 1 year ago
had john mccain been elected in 2008 we would be at war with Iran & gas would be 5 dollars a gallon & half the u.s population would be out of work because we could no longer afford to drive to work or even to the fucking grocery store to buy food that we also could no longer afford
brucewayne909 1 year ago
@brucewayne909 Same thig will happen w/ Obama, just later.
suzettespencer 1 year ago
for those who want to blame obama for all of this .. am I the only one that notices that the cost of gasoline per gallon drops dramatically just before every presidential election when we have a sitting GOP president?? it happened in 2004 & 2008 & now it's flat lined because obama does not have ties to corporate oil like george bush did/ & still does.. big oil always wants a GOP president in office because they can price oil at whatever level they wish
brucewayne909 1 year ago
I was born and raised here in Las Vegas. Land Surveyor by trade sitting at home right now not working. We are running out of water.
All of our food is trucked in from out of state and when oil prices spike food will be too expensive to buy. I predict ghost town in 20 years.
I need to get out, but where can I go to get a job? very grim indeed.
alexnolen 1 year ago
@alexnolen the only positive thing that I would say to you is that if you do somehow find a way to get out of there & I really think that you need to, go somewhere that isn't desert because all of those places will suffer the most first & also the worst later.. you're right that it's only a matter of time before we see the cost of gas start to go back up. I hope you can figure out somewhere to go.. just get out of the southwest where the water will run out first
brucewayne909 1 year ago
don't expect anything to get better in this country soon. As long as jobs and manufacturing is leaving the country and the American paper dollar is backed by nothing we will head straight down
inkey2 1 year ago
Terrific video George, you offer some keen insight into the problems of Vegas that someone like myself sitting in Georgia will never see in any media available to me.
I work in corporate America and you are so, so right in saying that the small people are getting 'squeezed by corpoartions demanding more and more and paying less and less.' to paraphrase what I heard. Corpoarate greed is rampant, moreso than I have ever seen. Its throughout our country; Capitalism on steroids.
Greg
gkk2001 2 years ago
I worked in Las Vegas when it was the greatest city in Nevada or the US for that matter, 1955-1967. It Had Class. Now it's little more than an amusement park for little kids and their nurotic mommies. The Tropicana was owned by Frank Costello where I worked and we were refered to as the Tiffany of the Strip. Now it's a FRIGGIN DISSASTER ZONE with penny players in cheap garb. THE CLASS LEFT WITH CIRCUS CIRCUS AND THE STEVE WYNNS of Vegas, and with it so did VEGAS forever!
BablyonsKing 2 years ago
ITS COMING= hyperinflation, dollar crash, martial law, FEMA prisons, homelessness, tent cities, civil war- its coming- and Obama MUST be impeached for his fraudulent lies. The US debt is atleast 70 trillion. WAKE UP people this fairly tale we are in will soon end.
jiminiflix 2 years ago
Impeached for his lies. Are you crazy? You obviously missed the GOP Retreat January 29, and what Obama also told people in New Hampshire today Feb 02. All on live T.V. Impeached. That's really funny. The Party of No needs to be Impeached. Especially the Republicans from 2000-2006. You need to do your research. It's all been coming to the surface which is why the GOP has been pissed of. Their dirt is coming out.
WilliamHCarney 2 years ago
@WilliamHCarney I agree but you've got a lunatic as your president TODAY! Get him out first , he's going to bankrupt the USA. He has sent 30,000 troops to Afghanistan ( He lied on that) , hes sendin 200,000 more UN to USA for martial law- that will make it under 1000000 soldiers to control the masses when the dollar crashes.
jiminiflix 2 years ago
@WilliamHCarney
The usurper, your hero is a fraud. I have no use for Bush but Obummer is the worst.
MrIfreeman 1 year ago
@jiminiflix what you have not taken into consideration is that the debt was already there before obama became president.. the vast majority of this debt is from defense spending for two pointless wars. george bush bankrupt the state of texas when he was governor.. very few payed attention to that & he became president & ran the whole country into the ground the very same way that he did the state of texas...he spent billions freely with no consideration of the consequences. now we see the result
brucewayne909 1 year ago
@jiminiflix do you know what the daily interest is on the national debt ??? it is so ridiculously high that we cannot even pay the interest on the national debt so there's no way that this debt is ever going to be reversed.. do you think that things will be better if we suddenly have another republican president ?? that would only speed up the inevitable decline
brucewayne909 1 year ago
If the US government couldn't pay the interest on it debt, the dollar would be deemed 'dead'. Theres a latin term I cannot remember. But I assure the US actual national debt is FAR more than 12 trillion. That figure firstly doesn't include war debt or any promised debt it must pay. The I have a debt clock that shows the truth at around 74 trillion. This I believe is a conservative estimate. There is remember also their black budget. Lets not forget the derivatives debt of a quadrillion.
jiminiflix 1 year ago 2
Las Vegas is totally doomed.
But this has less to do with economics but with water shortage. Colorado river? Without a good map you will not find this rill anymore.
This is also a credit reset, a credit the Las Vegas had with mother nature and which is now subprime.
llothar68 2 years ago
thanks 4 taking the time to put tthis report together
bookbinder66 2 years ago
STARDUST 1997 implosion looks just like WTC 2001.
GovWillKillU 2 years ago
Yep just what I thought too.
BablyonsKing 2 years ago
There is an active interment camp at 29 palms, it contains Americans.... go to my channel for intel
NotForSale2NWO 2 years ago
@NotForSale2NWO
funny how they named that Hotel the Echelon
LottsaLasagna 2 years ago
This has been flagged as spam show
Today(1-28-2010) tha local coin shop was EMPTY of Canadian-Silver-Maple-Coins("A First"... VERY- H OMINOUS), but still had plenty of US Silver Eagles(w/2% copper), even virtually all tha Silver Bars-Bullion Was GONE also... Next It will be EMPTY FOOD SHELVES at tha grocery store?
smokesignals2012 2 years ago
With the Indian Casino's and horseracing conversion into Casino's Vegas is dieing a slow death. I live in WV and the table games start in June and the expectations to obtain market share are huge.Why fly when you can drive an hour. We are 70 miles from DC. Vegas in 50 years will turn back to the Desert it once was. Great job George finally some true reporting.
dyoungXI 2 years ago
I wonder if journalists check out Georges videos, because two days after G4T's Las Vegas videos we have the UK's Daily Telegraph writing an interesting piece entitled,
"Bright lights of Las Vegas cast a shadow over its burgeoning poverty".
All about the Storm drain vagrants, homelessness & poverty.
Just shows, even though Vegas is still one of the MAFIA's biggest cash cows... nobody's getting any milk for free!.
blastarrbollaxIII 2 years ago
You could build 4000 miles of new railroad track with 4 billion dollars, the cost of a lot project in LV. Whoa....
LordoftheKaty 2 years ago
The free market has been taken over by the socialist elites of the world not just those in the USA.
b5kalad 2 years ago 2
Yep, with no "real" leadership the economy is headed for the outhouse.
curiouschem 2 years ago
they already extracted 30 trillion out of USA
that's more than all the govts of USA in the entire history of the country had spent .
I'd say the economy is down in USA for the count
Americans just do not realize the damage that's been done is all.
dave777blaster 2 years ago
These occurrences are a blessing in disguise.
The deconstruction of the American illusion.
Your prayers should go out that you are not slain during the upcoming Sino-Soviet-Muslim invasion forces yet to come.
kthorn612 2 years ago
Party at the fed...your not invited:
watch?v=d0nERTFo-Sk&feature=player_embedded
doomalicious 2 years ago
Conclusion - this dry desert region needs;
- cheaper dehydrating drinks, so businesses make less money
- fewer buildings offering shade and services (so there are fewer jobs)
I guess the fewer jobs the less people become unemployed in downturns - clever
OghamTheBold 2 years ago
So the old mafia were better for the economy than the new mafia
realkingkado 2 years ago
Yep, it is like an adult Disney World. WAY to expensive for not much pleasure. My husband and I went to Vagas in 1996 for three nights. We did not gamble and yet spent the same amount of money than we did a few months later on a 10 day trip in Eastern Europe.
Nope, those consumer glitz places can keep their bling, I think I would rather go to Beijing.
katiatomsk 2 years ago
Great work on giving us the real picture.
We never learn, Like all great empires before us we're going down,down,down..
'the nations have drunken of her wine; therefore the nations are mad.
Babylon is suddenly fallen and destroyed: howl for her; take balm for her pain, if so be she may be healed.
We would have healed Babylon, but she is not healed: forsake her, and let us go every one into his own country: for her judgment reaches unto heaven, and is lifted up even to the skies'
Jeremiah 51
zionsgates 2 years ago
Comment removed
gzX9bVq6k 2 years ago
This has been flagged as spam show
zionsgates, I don't think the myths of Babylon I or Babylon II would adequately explain how the excesses of casino market capitalism affect us.
gzX9bVq6k 2 years ago
There's your bailout. Those developments.
MassMIlitia 2 years ago 3
The moment white man stepped on the shores of the great continent he was in debt to the great spirit. for over 500 years white man has raped the land. now its time to pay up.
projectdurden 2 years ago
There will be no recovery in Vegas.
There will be no recovery in America.
What we're dealing with is biblical in-nature. The only way through this is with the help of Jesus Christ.
shoeman3434 2 years ago
@shoeman3434 I agree, we all need to be superstitious.
projectdurden 2 years ago
I was in Vegas for a 5 days a few weeks ago and I agree there's no identity to the town.
howitzer24 2 years ago
So, Vegas goes under! I'm so heartbroken.
spareaxe 2 years ago
You know? Obviously not. I'm sure you gave about 2 seconds of thought to it before you came up with your idiotic answer. There are over 330 million Americans here in this country and that will be over 450 million in less than 30 years the way were going.
Most in favor of population are religious nuts who have been brainwashed by their pastors. But, even they are seeing their communities taken over by immigrants who don't hold the same beliefs or values. You better re-think your position.
controlpopulation 2 years ago
Perfect man. grettings from sweden
kent6608 2 years ago
LOL damn George, you got good!
aktlc123 2 years ago
"Europe is living way below its means, and reducing population will make it ungovernable."
Sorry but you are wrong. Lowering Europes population will only make it better and easier to govern. Lower population always equals a better standard of living. Europe has the same problem that the US does... they simply let too many immigrants in to their countries, which is now killing them since the economy has gone bust. More people is always bad.
controlpopulation 2 years ago
Say thank you to whom? For the international bankers (Rockefeller, Rothschild) and FED (Ben Bernanke). Now that you're awake, you see that the conspiracy
was real!
Namaan63 2 years ago
Long gone is Vegas and Atlantic city as the only gambling destination that people could go and call it a gambling/vacation.
The investments that were made here in your video were based on that model.
now almost every state has gambling and casino like resorts.
what a waste of investment money, that's where your 401k's and pension investments went, into dead beat projects like these. the party is over.
markynj 2 years ago 2
Good reporting work George. Keep up the good work. This is very interesting.
Jalleer 2 years ago 2
Oh my goodness...things are worse than I thought. Thanks for the report.
savageactor7 2 years ago 2
Americans don't even know who they are.
freedomfighterone 2 years ago 2
Hi from NZ George. great Video 5star rating! NZ Govt have just released plans for capital gains tax on house sales and a new Land Tax for land that is not even being used.
chevyvictor 2 years ago
Excellent peice of work George, the production crew did a fantastic job! This should be televised.
ln4359 2 years ago 4
BREAKING NEWS FROM NASA!!!
THE SUN HAS 666 MOONS
watch?v=ddUzN-iwo6o
eternalduty 2 years ago
I cant even get approved for foodstamps. I was told if I had kids, I'd have them already. And the social svc lady is the one that told me this! Like people w/o cant fall on hard times. I was a ramen noodle eating fool lemme tell ya!
diah4 2 years ago
Comment removed
diah4 2 years ago
You really should go National with your message about Vegas, I am sure there are some BIG networks that will put you on!
Those pics just before 4 mins makes it look like a slum and ghetto..I always wanted to go to Vegas but am changing my mind plus I wouldn't have big money to blow anyways. The days of company sponsored conventions and crap is ending in these times.
Good video, THX!
dontswin 2 years ago
Good story Goerge. Way to go!!
Was that Building 7 at 4:00 minutes?
MrColt45acp 2 years ago 2
what an ironic joke. NICE
lawharrison 2 years ago
@hobatu, that mabe the case if friggin Latvia, I didn't even know Latvia was a country. I thought it was a Principality like Morrco. I thought your country had been conquered by the Danes long ago & was used by the Euopean Union to store toxic waste.
UK already has Mulsim MP's the Goverment is leaning overbackwards to appease Islam. Euope now makes Neville Chamberlin seem like a hard liner.
Probaly just as well it's all going to shit. We need a Global reset, Like after the plague in 14th.
valhala56 2 years ago
@hobatu, I never said Genocide would be THE method but Euorpe has show a high profiency in that field. Noboby could mass kill people like Germans. They are as good at Genocide as they are at makeing BMW's.
Hell the Nazi industrialized the process.
My suggestion this time is to pay people to die. Probaly more efficient and it is a "Free Market" solution.
valhala56 2 years ago
@hobatu, cause you got Muslims multiplying faster then corn fed bunnies.
All these Muslims you let in your country will make Europe the Dream that Osma Bin Laden wants. Shit there will be more Muslims/Islam in Europe then Europeans.
I hope you like Sharia law.
valhala56 2 years ago
@hobatu, really well you may be an electrical engineer but you know diddly about agriculture.
Wake up call dude. Google paper enitled
"Eating Fossil Fuels" by Dale Allen Pfeiffer.
We are just at the beginning of a culling of the population. It will start this year with more food riots in Haiti & other 3rd world countries, there will be shortages worldwide & then the wars will ramp up.
Exciting times we live peeps. They will be makeing movies about us in 100 years if there is anybody left.
valhala56 2 years ago
valhala, Dittos. I have read that on average, 1sqmi of land can support 300 people. The population density of Haiti is around 1100 people/sqmi. Oil has allowed limits higher than 300 people/sqmi. When the oil drops off of its production plateau the fun begins.
jimbobubbadj 2 years ago 2
@jimbobubbadj, Yes people keep talking about are the Haitians cursed, is it there Goverment? The problem is simple.
Haiti has too many people! Not enough jobs and not enough food!
Haiti is the Movie trailer for US unless we start makeing some changes fast.
valhala56 2 years ago 3