Little overstating things. You are right what WILL happen. But the time line cannot be predicted as the banking systems can always print more until people stop valuing the currency. The true collapse will occur once China goes with a silver standard or somebody goes with some sort of non-fiat standard. It will take a while, but it will happen...eventually.
THE FED IS A PRIVATE COMPANY. IF THAT COMPANY GOES BANK RUPT THEN WE DON'T OWE THEM ANYTHING. YES THE USD IS FROM THE FED. SO A NEW DOLLAR WILL COME OUT BY THE USA NOT THE FED. THE ONLY DEBT THE USA HAS IS TO OTHER COUNTRIES (3.5-4 tril). SO YES THE FED WILL FAIL. MAYBE REPLACED BY OTHER PRIVATE COMPANY.
@kroovyandcal Collapse is a good thing, we need to get rid of the current banking system and replace it with something that actually works. Its nothing to fear. I'm surprised it hasn't all collapsed yet. Mike admits that as well... granted, placing an expected time and date to everything usually isn't a great idea, because it is often incorrect... but anyone with two brain cells to rub together can clearly see we are right on the verge.
@ravenise00 And sorry I removed my two other comments by mistake . But I thought I would tell you due to the cost of the "revolutionary war" the USA was in massive debt to both France and the Dutch. Do you want to know how they solved this problem? let me tell you they created a 'central bank' The First Bank of America established by Alexander Hamilton. Secondly America was founded on a fiat currency (not gold) And has been a fiat currency again since 1971.
@ravenise00 So if you want to get behind the "real spirit" of the revolution, why not embrace what your founding fathers did, "taxation with representation" And finally agree with their idea that currency be linked to government revenue not gold. Rather than objecting to tax they loved it and imposed taxes everywhere. A few clowns in the south objected as they owned "humans" you call them slaves and the tax on their sale hurt the poor cotton barons.
@franks2732 then the USA had a big internal war and said owning other humans was wrong. The side that said owning humans was wrong won. but America has loved taxation and imposed it everywhere in just about every way possible. Government simply cannot function without revenue. And ever since the civil war the USA or it's states have had income tax. And the official end of the US being linked to gold was by Nixon a Republican. Every other nation had changed so he said by golly why not LMFAO
@franks2732 A)If a budget balancing program should actually be carried through sooner or later a crash comparable to that of 1929 would almost certainly result. To be sure,it would probably be less severe than the depression of the 1930's by reason of the many cushioning factors that have been introduced since&enthusiasm for the quest of the Holy Grail of a balanced budget may wane in the face of a deepening recession,but the consequences of the aborted attempt would still be serious
@franks2732 B) Government debt is thought of as a burden handed on from one generation to its children and grandchildren
In realily quite the contrary,in generational terms, debt is the means whereby the present working cohorts are enabled to earn more by fuller employment and invest in the increased supply of assets,of which the debt is a part,so as to provide for their own old age.Grandchildren are relieved of the burden of providing for the retirement of the preceding generations
@franks2732 C)This fallacy is another example of zero-sum thinking that ignores the possibility of increased employment and expanded output. While it is still true that the goods consumed by retirees will have to be produced by the contemporary working population, the increased government debt will enable more of these goods to be exchanged for assets rather than transferred through the tax-benefit mechanism.
@franks2732 D) Libertarians have been using budget-balancing to put a strait-jacket on government activity.A government could run a deficit with no activity at all other than borrowing money by issuing bonds,paying out the proceeds in pensions,levying taxes sufficient to cover any net debt.What activities are worth government to carry on is a different issue from what the government contribution to the flow of disposable income needs to be to balance the economy at full employment
@franks2732 E) It is not intended that the domestic government debt should be held in any large quantity by foreigners. But should foreigners wish to liquidate holdings of this debt or any other domestic assets, they can only do so as a whole by generating an export surplus, easing the domestic unemployment problem, releasing assets to supply the domestic demand, and making it possible to get along with smaller deficits and a less rapidly growing government debt.
@franks2732 F) "A chronic trend towards inflation is a reflection of living beyond our means."
In reality:The only time we could be said to have been really living beyond our means was in war-time when capital was being destroyed and undermaintained.We have not lived even up to our means in peace-time since 1926,when it is now estimated that unemployment according to today's definition went down to around 1.5%.This level has not been approached since,except at height of World War II
@franks2732 G) Inflation occurs when sellers raise prices; they can do this profitably when the forces of competition are weakened by the differentiation of products, real and factitious, misleading advertising, obfuscating sales gimmicks and package deals, mergers and takeovers, and the increasing importance of ancillary services, trade secrets, patents, copyrights, economies of scale, overheads, and start-up costs.and need not occur even if we, consuming more than we produce
@franks2732 H) And often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another. This might be justifiable in an economy at chock-full employment. But under current conditions such success is neither likely nor desirable.
@franks2732 I) Some of the fallacies that result from such modes of thought are as follows. Taken together their acceptance is leading to policies that at best are keeping us in the economic doldrums with overall unemployment rates stuck in the 8 to 9 % range. This is bad enough merely in terms of the loss of 10 to 15 percent of our potential production, even if shared equitably,but when it translates into unemployment of 10, 20, and 40 percent among disadvantaged groups
@franks2732 J) And the further damages in terms of poverty, family breakup, school truancy and dropout, illegitimacy, drug use, and crime become serious indeed. And should the implied policies be fully carried out in terms of a "balanced budget," we could well be in for a serious depression
@franks2732 And by the way the FED doesn’t actually print money (the Treasury does that)But the Fed does control the “monetary base,” the sum of bank reserves and currency in circulation.So when people talk about Mr. Bernanke printing money,what they really mean is that the Fed expanded the monetary base.So Ron Paul could use Big Goverment to FORCE to abandon Private Fed,but treasury could flood the US with Fiat Currence throw other agencies!No Frank this guy not good enough!
@Nibiru128 That will never happen. Look up Shanghai Cooperation Organization. You won't see that covered on American mass media. Those countries are who will be paving the way in the future. The East knows exactly what the problem is (especially China) and will not let or allow new Zionist bankers to make them debt slaves and secure power in their nations. The West will have to totally obliterate those countries and it can't do it.
"we'll let you take the teller home" xD, I didnt know banks had the power to get more money from the federal reserve. I thought they needed a draft to do that. If thats the case, no wonder there are over 1 million american house reposessions in 2010
Michael has it right, when and I say "when" europe is dissolved, the party IS over...our banks have way too much exposure to their debt problems. Our banks will close their doors and hope to wait it out. Why do you think the banks are not lending right now? They are hording cash because they know this is just around the corner. Yes, this whole thing should have been fixed in 2008....now its 10x worse....
"One ring to rule them all---One Ring to Find them---
One ring to bring them all---and in the darkness---BIND THEM" Sounds like the "Ring of Power"= DEBT SAURON=ROTHSCHILD,SARUMAN =ROCKEFELLER LOL Ready for the great war folks??
ANGELA MERKEL TO REINTRODUCE THE GERMAN MARK 5-14-2010
he Deutsche Bank in Germany delivered containers with new Deutsche Mark notes and new coins. The currency change will be the night from Saturday to Sunday 5/16/2010. On Friday, 19.00 GMT Angela Merkel the germany chancelor, will speak to the german nation.
@jpalcan Dude,that May 14,2010 declaration by Angela Merkel talking about going back to the Mark was the real deal.It was a "Trial balloon" floated by Germany warning the E.U that Germany wasnt going to continue to bail out all these other countries that bought into the Goldman Sachs Credit Default swaps and derivitives etc.
Now,its a year later,and they're are starting to act on this. (As is France as well)
I agree. This is a short, yet complete and accurate explanation. Great video ravinise00 :)
Its worth noting; The European union is the baby of the Bilderburg group. They have been called has-beens and wanna-bees, and now their control has failed.
But I don't think they will come after your precious metals. I think they will try a new paperless currency first. That won't get too far for all the same reasons this one is failing.
Central controls will always fail. Will they ever trust us people?
@1:10 He jokes about them having so many give aways to have you stay with the big banks that they will let you take the teller home.
given that some of these banks have ties to money laundering in the drug and white slavery game, that's probably more do-able than you think.
StollandSon 1 month ago
well still hasent crashed and im thinking nothing till late spring or early summer
geraldb4201 1 month ago
Little overstating things. You are right what WILL happen. But the time line cannot be predicted as the banking systems can always print more until people stop valuing the currency. The true collapse will occur once China goes with a silver standard or somebody goes with some sort of non-fiat standard. It will take a while, but it will happen...eventually.
Aesoe 2 months ago
Beware the yellow snake flag--bat-shit crazy people with guns!
TheForwardGaze 2 months ago
SO GET OUT OF USD- BUY GOLD OR SILVER
killerbee04x 2 months ago
THE FED IS A PRIVATE COMPANY. IF THAT COMPANY GOES BANK RUPT THEN WE DON'T OWE THEM ANYTHING. YES THE USD IS FROM THE FED. SO A NEW DOLLAR WILL COME OUT BY THE USA NOT THE FED. THE ONLY DEBT THE USA HAS IS TO OTHER COUNTRIES (3.5-4 tril). SO YES THE FED WILL FAIL. MAYBE REPLACED BY OTHER PRIVATE COMPANY.
killerbee04x 2 months ago
It is a month later and global collapse has not occurred, paranoia-monger
kroovyandcal 2 months ago
@kroovyandcal Collapse is a good thing, we need to get rid of the current banking system and replace it with something that actually works. Its nothing to fear. I'm surprised it hasn't all collapsed yet. Mike admits that as well... granted, placing an expected time and date to everything usually isn't a great idea, because it is often incorrect... but anyone with two brain cells to rub together can clearly see we are right on the verge.
ravenise00 2 months ago
@ravenise00 Collapse is only good if there are correct solutions installed thereafter. and you are an apologist
kroovyandcal 2 months ago
Comment removed
franks2732 2 months ago
@ravenise00 And sorry I removed my two other comments by mistake . But I thought I would tell you due to the cost of the "revolutionary war" the USA was in massive debt to both France and the Dutch. Do you want to know how they solved this problem? let me tell you they created a 'central bank' The First Bank of America established by Alexander Hamilton. Secondly America was founded on a fiat currency (not gold) And has been a fiat currency again since 1971.
franks2732 2 months ago
@ravenise00 So if you want to get behind the "real spirit" of the revolution, why not embrace what your founding fathers did, "taxation with representation" And finally agree with their idea that currency be linked to government revenue not gold. Rather than objecting to tax they loved it and imposed taxes everywhere. A few clowns in the south objected as they owned "humans" you call them slaves and the tax on their sale hurt the poor cotton barons.
franks2732 2 months ago
@franks2732 then the USA had a big internal war and said owning other humans was wrong. The side that said owning humans was wrong won. but America has loved taxation and imposed it everywhere in just about every way possible. Government simply cannot function without revenue. And ever since the civil war the USA or it's states have had income tax. And the official end of the US being linked to gold was by Nixon a Republican. Every other nation had changed so he said by golly why not LMFAO
franks2732 2 months ago
@franks2732 A)If a budget balancing program should actually be carried through sooner or later a crash comparable to that of 1929 would almost certainly result. To be sure,it would probably be less severe than the depression of the 1930's by reason of the many cushioning factors that have been introduced since&enthusiasm for the quest of the Holy Grail of a balanced budget may wane in the face of a deepening recession,but the consequences of the aborted attempt would still be serious
zsylvana 2 months ago
@franks2732 B) Government debt is thought of as a burden handed on from one generation to its children and grandchildren
In realily quite the contrary,in generational terms, debt is the means whereby the present working cohorts are enabled to earn more by fuller employment and invest in the increased supply of assets,of which the debt is a part,so as to provide for their own old age.Grandchildren are relieved of the burden of providing for the retirement of the preceding generations
zsylvana 2 months ago
@franks2732 C)This fallacy is another example of zero-sum thinking that ignores the possibility of increased employment and expanded output. While it is still true that the goods consumed by retirees will have to be produced by the contemporary working population, the increased government debt will enable more of these goods to be exchanged for assets rather than transferred through the tax-benefit mechanism.
zsylvana 2 months ago
@franks2732 D) Libertarians have been using budget-balancing to put a strait-jacket on government activity.A government could run a deficit with no activity at all other than borrowing money by issuing bonds,paying out the proceeds in pensions,levying taxes sufficient to cover any net debt.What activities are worth government to carry on is a different issue from what the government contribution to the flow of disposable income needs to be to balance the economy at full employment
zsylvana 2 months ago
@franks2732 E) It is not intended that the domestic government debt should be held in any large quantity by foreigners. But should foreigners wish to liquidate holdings of this debt or any other domestic assets, they can only do so as a whole by generating an export surplus, easing the domestic unemployment problem, releasing assets to supply the domestic demand, and making it possible to get along with smaller deficits and a less rapidly growing government debt.
zsylvana 2 months ago
@franks2732 F) "A chronic trend towards inflation is a reflection of living beyond our means."
In reality:The only time we could be said to have been really living beyond our means was in war-time when capital was being destroyed and undermaintained.We have not lived even up to our means in peace-time since 1926,when it is now estimated that unemployment according to today's definition went down to around 1.5%.This level has not been approached since,except at height of World War II
zsylvana 2 months ago
@franks2732 G) Inflation occurs when sellers raise prices; they can do this profitably when the forces of competition are weakened by the differentiation of products, real and factitious, misleading advertising, obfuscating sales gimmicks and package deals, mergers and takeovers, and the increasing importance of ancillary services, trade secrets, patents, copyrights, economies of scale, overheads, and start-up costs.and need not occur even if we, consuming more than we produce
zsylvana 2 months ago
@franks2732 H) And often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another. This might be justifiable in an economy at chock-full employment. But under current conditions such success is neither likely nor desirable.
zsylvana 2 months ago
@franks2732 I) Some of the fallacies that result from such modes of thought are as follows. Taken together their acceptance is leading to policies that at best are keeping us in the economic doldrums with overall unemployment rates stuck in the 8 to 9 % range. This is bad enough merely in terms of the loss of 10 to 15 percent of our potential production, even if shared equitably,but when it translates into unemployment of 10, 20, and 40 percent among disadvantaged groups
zsylvana 2 months ago
@franks2732 J) And the further damages in terms of poverty, family breakup, school truancy and dropout, illegitimacy, drug use, and crime become serious indeed. And should the implied policies be fully carried out in terms of a "balanced budget," we could well be in for a serious depression
zsylvana 2 months ago
@zsylvana You know what nation the creator of this video is from "KooK'sville" Right next door to bring back the Puritans lol
franks2732 2 months ago
@franks2732 LMFAO!!Now i understand!Thanks professor Frank!Good you have an eye on your pupils!Wonder if he could calculate Inflation Ratio?LOL!
zsylvana 2 months ago
@franks2732 And by the way the FED doesn’t actually print money (the Treasury does that)But the Fed does control the “monetary base,” the sum of bank reserves and currency in circulation.So when people talk about Mr. Bernanke printing money,what they really mean is that the Fed expanded the monetary base.So Ron Paul could use Big Goverment to FORCE to abandon Private Fed,but treasury could flood the US with Fiat Currence throw other agencies!No Frank this guy not good enough!
zsylvana 2 months ago
@ravenise00 Nothing to fear?? You are insane sir, or from the government.
AlmostTooLateNow 2 months ago
@ravenise00, you will die in the process man...
AlmostTooLateNow 1 month ago
Comment removed
franks2732 2 months ago
@Nibiru128 That will never happen. Look up Shanghai Cooperation Organization. You won't see that covered on American mass media. Those countries are who will be paving the way in the future. The East knows exactly what the problem is (especially China) and will not let or allow new Zionist bankers to make them debt slaves and secure power in their nations. The West will have to totally obliterate those countries and it can't do it.
Luigi84289 3 months ago
Even Gerald Celente had all of his money stolen.
Luigi84289 3 months ago
It's almost certain to happen, but I don't think it's gonna happen just yet.
Blaze4052 3 months ago
i hear better news in the internet than in the main street media..
nannyliz28 3 months ago
The dominoes have started falling and nothing will be able to stop them. The "Ponzi" scheme has devoured itself.
MoodyBlueCDN 3 months ago
TOO BIG TO JAIL MMMMM
leef0flife 3 months ago
Good .the biggest threat to world peace at the moment is the leaders of Israel..
pjones9100 3 months ago
@PREPARE4THEHYPOCRITE which part of the zionist regime do you work for?
SPEAKTRUTHALWAYS 3 months ago
"we'll let you take the teller home" xD, I didnt know banks had the power to get more money from the federal reserve. I thought they needed a draft to do that. If thats the case, no wonder there are over 1 million american house reposessions in 2010
SPEAKTRUTHALWAYS 3 months ago
This has been flagged as spam show
look everbody at dis dere dem fool...BOYCOTT RAVINISE00...damn fool jackass...shut up bitch.
PREPARE4THEHYPOCRITE 3 months ago
Michael has it right, when and I say "when" europe is dissolved, the party IS over...our banks have way too much exposure to their debt problems. Our banks will close their doors and hope to wait it out. Why do you think the banks are not lending right now? They are hording cash because they know this is just around the corner. Yes, this whole thing should have been fixed in 2008....now its 10x worse....
billyjoebobway 3 months ago
more fear mongering or truth
leef0flife 3 months ago
"One ring to rule them all---One Ring to Find them---
One ring to bring them all---and in the darkness---BIND THEM" Sounds like the "Ring of Power"= DEBT SAURON=ROTHSCHILD,SARUMAN =ROCKEFELLER LOL Ready for the great war folks??
mrbrianmccarthy 3 months ago
Comment removed
mrbrianmccarthy 3 months ago
ANGELA MERKEL TO REINTRODUCE THE GERMAN MARK 5-14-2010
he Deutsche Bank in Germany delivered containers with new Deutsche Mark notes and new coins. The currency change will be the night from Saturday to Sunday 5/16/2010. On Friday, 19.00 GMT Angela Merkel the germany chancelor, will speak to the german nation.
And that didn't happen!
jpalcan 3 months ago
@jpalcan Dude,that May 14,2010 declaration by Angela Merkel talking about going back to the Mark was the real deal.It was a "Trial balloon" floated by Germany warning the E.U that Germany wasnt going to continue to bail out all these other countries that bought into the Goldman Sachs Credit Default swaps and derivitives etc.
Now,its a year later,and they're are starting to act on this. (As is France as well)
mrbrianmccarthy 3 months ago
@mrbrianmccarthy OK then we are screwed.
jpalcan 3 months ago
I agree. This is a short, yet complete and accurate explanation. Great video ravinise00 :)
Its worth noting; The European union is the baby of the Bilderburg group. They have been called has-beens and wanna-bees, and now their control has failed.
But I don't think they will come after your precious metals. I think they will try a new paperless currency first. That won't get too far for all the same reasons this one is failing.
Central controls will always fail. Will they ever trust us people?
Rhal95 3 months ago