Great Depression plus hyperinflation

[pyronc]

FYI- to those saying they will be able to pay off their mortgages for essentially nothing....if history is any forecaster they reinstated debt after the Weimar Republic in Germany at 25% during the post inflationary period....no one will get away with thier debt just evaporating in the end.....but we can hope, right? Buy gold...

[mkmason2002]

HOW RIGHT HE IS THREE YEARS LATER.

[aviomaster]

YOU forgot USA army which will be THE MAIN player in 2nd USA Great Depression Millions will be killed.

WW-II will be like CHILD's play compared to USA  fascists.

[kalitexnis10]

We are all going to die a grizzly death....

[RidleyReport]

To see more vids about hyperinflation, and specifically what New Hampshire folk are doing about it, click my channel. Then...come back and watch more jjrglobal vids!

[xadam2dudex]

where were these morons when Bush was running up debt and cutting taxes and the rampant corruption in the stock market ect ?? they all come out of the woodwork when a democrat gets into office ? could they have profited from the corruption of the FED and the stock brokers ??

[xadam2dudex]

@xadam2dudex *etc

[MrAlanKendall]

jjrglobal, good comments. I agree with you 100% about future devaluation of the dollar and that we should be levearaged to the hilt. I watch foreclosures and I expect the foreclosures to be sold off in 2015. 2016 through 2021 I expect Real Estate to go up 4 to 8 times depending on the city/state. I expect all US Real Estate to be at least six times more expensive by 2027, even California and Hawaii. Alan Kendall.

[godscuttingyoudown]

you can't stop it the merging of US, canada, and Mexico will merge into a super empire the NWO will come to power if your smart your already out of debt, stockedpiled a 7 year food supply and formed a comunity militia

[jjrglobal]

@godscuttingyoudown

I agree with hwy, the more indebted you are the better off you'd be when hyper inflation hit. You want to be leveraged to the hilt. Buy that million dollar home, finance it for as long as possible with the lowest payments front loaded, who knows,in a hyperinflationary environment,minimum wage may be equal to a million dollars a month. You certainly wouldnt want to pay off your debt before inflation takes hold,when your dollars are more valuable or hold any dollars in savings

[Chanesmyname]

@jjrglobal Surely they will just increase interest rates to claw back the money printed when inflation bites hard and when they do that a debt will really hurt . It has been done before in the 1970s. It is bizarre that we haven't learned any lessons from history and I await the return of Fascism and gas chambers because it seems depressingly inevitable.

[jjrglobal]

@Chanesmyname

They can't raise rates for 2 reasons 1. Most of the debt sold is in 2 n 5's, so they'll have to roll it over, when they do rates can't be high. 2 If they raise rates, they'll only exacerbate the problem of money flowing into the economy. Right now the banks are sitting on trillions of dollars being held by the Fed, for the payoff of all the toxic mortgages the fed bought from them. Banks are letting this money sit at the Fed drawing .25% until things get better.

[jjrglobal]

cont

This is the real danger of inflation, if the trillions these banks are sitting on were suddenly put into the market in the form of loans, hyperinflation will occur. It is estimated that if this money were to be loaned, it would increase M1 by 800%. Thats 8x the money supply. The Feds think they can avoid the money entering the market by raising interest rates, but that will only make the trillions the banks are holding grow exponentially. They painted themselves into a corner

[jjrglobal]

Its like millions of homeowners suddenly paid off their mortgages all at the same time, thats really what has happened, when the Fed bought all the toxic assets and paid the marked to market price to the banks. There is no way out of this, I am 100% certain . Did this make sense at all? Its very difficult to explain. Google Robert Murphy debates Federal Reserve Chairman for a much better explanation

[enuvune]

hyperinflate deez nutz in ur mouth.

[highwayhokie]

so if I owe $150,000 on my house, and the dollar is devalued, do I still owe $150K?

[AlbertInSanAntonio]

@highwayhokie yes idiot

[godscuttingyoudown]

@highwayhokie yes but in hyperinflation if you have 150K in the bank and the dollar suddenly devalued 100 times overnight your savings the next morning would be worth $150.00 dollars

we are not heading for a great depression we are heading for 1923 German infaltion collapse that will lead to martial law and food shortages. in 1934 70% of americans had their own backyard farms and could feed themselves in the 2015-2020 collapse only 3% of americans will be able to feed themselves

[highwayhokie]

@godscuttingyoudown I have very little in the bank but I make enough to keep up with my mortgage. If my $800/week becomes 8000/ wk, I can pay off my mortgage faster

[highwayhokie]

@godscuttingyoudown I have very little in the bank but I would not mine being able to pay off my home in 1/100 of the time.

[MrAlanKendall]

@highwayhokie

You still owe $150,000 but the minimum wage rises to $95.00 per hour from $9.50 per hour so you are making $200,000 per year and can easily pay off the home in a few years, even if you suddenly take a pay cut and are only making minimum wage.

[highwayhokie]

@MrAlanKendall that sounds pretty good to me. Let's go hyperinflation.

[AlbertInSanAntonio]

recover recover recover!! yes!! not! The so called big hammer has not even occurred yet

[jamezbond78]

@AlbertInSanAntonio The chapter before the last chapter hasn't even occurred yet! It's getting close, I see businesses all over going out of business and for rent signs everywhere. I think the stock market will have to crash again, maybe to 7500 before a hyperinflation begins. Remember, sooner or later the evil scum that print the monopoly money will use it to buy up real assets like gold and silver and real estate, etc. They will begin to buy these things once the prices bottom out...

[Luvanicebum]

Requiring banks to carry gold as a reserve to back their paper is the only way to implement responsibility.

The government creates these bubbles.

The government is only a tool for banks. They're the enablers of Wall St. junky binges.

Fractional Reserve Banking created the moral hazard.

When a single banker was allowed to issue 2 pieces of paper for 1 piece of gold, the moral hazard was created and the exponential effect is seen today.

Ban the Federal Reserve.

[D33Lux]

The big fascist hammer will be coming down on all of us very soon!

[rodolphesimon]

1:25 where he states the brief period where the worry seems to vanish is upon us now. Isn't it curious that the Fed Reserve says we are coming out of the recession, that will be the brief period.

[salahuddin786]

This person has explained the matter in hand so brilliantly with the right body language with the speech and the brief period he refers to seems so clear as I feel it now.

Probably one of the best explained speech I have come across.

He put across how fraudulently the politicans are playing when he says people will say 'What were we worried about?' - Then 1929 Depression kicks in PLUS HYPERINFLATION

[brianpez]

How to stop corruption. 5 year limit terms with no reelection or pension in congress . A agency that monitors interaction between them and lobbyists and gets bonus by exposing found corruption.Abolish sec and start over with new people. Ceo salary has to be more comensurate with the average worker, end golden parachutes. Fix corprate accounting practices. Limit the amount of corp boards an individual can sit on to one. this might eliminate 3% of the problems facing this country.

[jjrglobal]

I agree with term limits, but screw another agency to watch the crooks in congress take bribes from lobbyist. How about we make taking any contribution from anything other than an individual illegal and limit the contribution to $100. You get caught breaking this law, then you are put on trial for treason where if found guilty you hang. That'll end the treasonous acts of congressmen pretty damn fast. Government stay out of business entirely. If you disagree with exec compensation dont buy stock

[michaelbme]

@jjrglobal

What you want will never happen because the people who would write the legislation for those reforms are the ones who are being bribed by the corporations in the first place.

[michaelbme]

@brianpez

The legislature would have to push for legislation like that. The legislature is in the back pocket of the corrupt corporations. I am sorry to say, brianpez, NO DEAL!

[testbooster]

@brianpez

VERY WELL PUT!!!!!!!!

[fomastephanovitch]

None of this shit seems to be happening

[jjrglobal]

Are you being facetious? This is exactly what is happening. The hyper inflation has already taken place, since inflation is defined as the increase in money supply. Prices have not had enough time to hyper increase yet, but they will.

[fomastephanovitch]

I'm talking about the commercial real estate collapse in particular. It hasn't crashed yet and prices haven't decreased.

When does it all start happening?

[jjrglobal]

Commercial will start in Q4 2009 after the second wave of foreclosures hits at the end of August due to ALT A and option arms reset. The period he was talking about where everyone says "what were we so worried about?" that's the period we're in now. The great Depression didn't start on October 30th 1929, the day after the crash, it took years and government to create such a horrible economy This time the gov is doing their part , give it some time, the depression will come. I promise

[fomastephanovitch]

That makes sense to me. I'm of the opinion that things are incredibly dire and point this out to many of my (generally Obama supporting/idolizing) fellow students. They are simply of the opinion that I watch to much fox news and am "conservative" - tedious, and the reason why I don't do politics.

I know I'd rather be wrong, but so many people don't want to even entertain the notion that the American administration will not be able to do anything about the leveraged commercial real estate market

[jjrglobal]

I've tried to be open minded about all this and look at it from every angle, and things are far worse than most people know or are willing to admit. There is a false sense of security in this country, probably because most Americans have never been any where else in the world or experienced any real hardships. Like you, I find that most people remain willfully ignorant The US is done, party over, because of Obama and Bush and every administration and congress since Woodrow Wilson

[ShootBigBird]

jjrglobal - thanks for this vid.

His face at 1min 05sec says it all. That's a face reserved for someone's death.

[unworldlything]

how come hyperinflation doesn't come quicker!??!?!?!?

[jjrglobal]

There are other forces like inventory over supply, and decreasing demand for consumer goods that are keeping prices down. But these will only be temporary as inventory dwindles , demand will increase along with prices. As far as I'm concerned the hyper inflation has already taken place, last year when they decided to dump trillions of monetized debt into the economy. Prices just havent reacted yet.

[unworldlything]

do you think precious metals do well in the near future? what's your price target?

[jjrglobal]

Yeah I do. If the currency goes as south as I think it will, then gold and silver will truly become money, money that will be used in everyday transactions. Gold is being suppressed by central banks, but they cant hold back the mounting forces of the free market forever. Gold $2500+ Silver $35+ and I think that's being conservative.Then again you're listening to someone that just lost a fortune in the FOREX, so don't take my word

[Spurgeon687]

Money in the bank will be worthless.

[moniequa]

If the interest rate is increased during the hyperinflation then the asset class value will go down, because the dumb ass mass won't have any money to buy? Isn't that true?

[unworldlything]

I think that is right.

[moniequa]

I can't wait to see their faces when they don't have anything to eat.

[unworldlything]

hahahahaha they may get you! hahaha

[moniequa]

They'll get you too, those people are so stupid they probably don't know how to get people.

[unworldlything]

they probably blame economic chaos on certain small group of people and just kill them, who know? who knows what they are gonna do? hahahaha

[moniequa]

I think they should start of by killing each other and themselves.

[unworldlything]

hahahahaha.

[chaniwie]

are they both drunk or sth?

[jjrglobal]

I think they're scared of what lies ahead and are careful about what they say

[Ishpeck]

BORING! Watch Peter Schiff say it instead. He's way more fun.

[smilingzebra]

watch a funny music video about the economic collapse. Just click on my name.

[iodyn]

wow , excellent videos... please upload more from this tv station or program ? seems like an excellent broadcast. I love the part where you can see he really feel it when he said our time will be seen as the good old days.

[browbill]

It would take the rest of the world combined to supply a consumer driven economy in China. This is probably what industry and other financial interests are planning. They will also try to move to a new currency, but I think it will fall apart on them. This monster will get away from them.

[jjrglobal]

I think you're right, but I think the world is realizing how moronic it is to try and prop up a country that must borrow the money to over consume the resources of the planet. China has realized this and is planning a massive stimulus to turn the 4 billion plus people in their country into bigger consumers. They will use their dollar holdings to do this which is another reason for the dollars downfall. It is difficult to find a bright spot for the US in all of this. We'll lose our reserve status

[updownleftrightinout]

Yes, the US will lose its status and it will be a huge nail in the "empire" coffin. At least arms sales (WMD?) are a bright spot in the US economy.

The decoupling of the world from the US economy through planned stimulus is a huge gamble. There are no guarantees and if it did succeed what are the odds of the US being able to compete with other global manufacturers?

In other words, the US is damned if they do and damned if they don't. Debt is too high. The answer is in a lower dollar.Too bad

[mjamesb2008]

Man...so many BSers on YOU-TUBE. China has a population of 1.2 billion..you should look up facts with numbers before you post...

[jjrglobal]

Your right I'm sorry about that. I was thinking about the 4 trillion + we owe them.

[thomasdosborneii]

I hardly think China thinks in terms of "ooh, big bad over-consuming United States, must punish them!". Instead, they understand that they are richer now and are able to consume more of the resources that they want and need, just like we did when we were an industrial powerhouse. It's quite simple, really, you don't have to revert to some kind of environmentalist claptrap.

[updownleftrightinout]

I think you are right thomas - China just wants to consume what they need and want. It's just that they have a (healthy) saving habit and simply are impulsive buyers like Americans. If you are watching the market then you know that China is going through a recession as well and that exports from China have dropped (as well as imports likewise). Huge unemployment is occuring from registered and non-registered labour in that country. I'm sure they are wary about their future as well.

[updownleftrightinout]

Miswrite... I mean chinese AREN'T impulsive buyers like Americans.

[thomasdosborneii]

Yes, updownrightinout, I believe you are right in that so far, the Chinese need western markets for their goods and when the west is able to buy less, this hurts them, too, especially when their own people save as much as they do and aren't voracious consumers.

[uricehe4]

The difference is Americans no longer consume in proportion to their actual wealth, they do it on credit. When we first began consuming so much more than everyone esle decades ago it was because we produced more, were richer, and had more to spend. Now we do only because we formed the habit of overconsumption, it became part of our culture, and we just can't stop ourselves even though we have to do it on credit now because we've gradually stopped being a producer nation. Now is payback time.

[jamezbond78]

Sure China profits from Western markets, but they won't profit when the value of the US dollar goes to zero and Americans can no longer afford their goods.

[jjrglobal]

Why can't they just sell their products to their own people instead of loaning us money to buy their stuff? China is trading labor and resources for pieces of paper. Sounds kinda stupid, when you look at it like that, huh?

[updownleftrightinout]

While many may disagree I think that the dollar won't fall until the rest of the world wants a lower US dollar. As he says "brand name". But nobody else wants to be the buyer of everybody elses manufacturing base so all the other countries will fight to keep the USD high.

If the USD does fall along with US demand then surplus production will cause massive unemployment worldwide. Massive government make-work projects will proliferate and keep worldwide demand high until the US recovers.

[thomasdosborneii]

Massive government make-work projects will exacerbate the problem, not lead to recovery. How does the government pay for the labor in make-work projects except via printing even more money, stimulating yet even greater inflation.

[updownleftrightinout]

Agreed. I didn't say that the projects will work (though it does come across like that). Unfortunately I see deficits long over the horizon for many countries.

If all countries print money then all currencies lose value (and nothing changes relatively). The few countries that refrain from printing money will - eventually - have higher currencies which will hurt the manufacturing base. China has played this game for years by refusing to let its currency rise appropriately. It has hurt the US.