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From: visionvictory
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  • im worrying about crime too

  • Unemployment reached double digits today, the highest in 26 years. That is since 1982 when the conservatives' darling Reagan was in office.

  • What a wanna-be Glen Beck this guy is. Fool.

  • As a combat veteran of 22+ years I think ol' Visionvictory has been spot on. And I don't think he would have spoken any differently if the current president was blue, green or purple.

    Step back and see that American leadership is failing. There is too much trying to get something for nothing. It's beyond Bush, Clinton, Obama etc.

    Thank goodness VV is doing some hard thinking and letting us know what he finds out..

  • HammeringOracle

    Do you respect me for servicing our country for 20 years and 29 days? Probably not. I don't expect you to understand.  You can lead a mule (fool) to water, but you can't make him drink

  • People in general probably don't respect you as much as the commercials would have you to believe.

    Just because you're necessary doesn't mean you're important .

  • I believe one day the constitution and founding fathers mandate will be victorious. I trashed Bush too, so not sure what you are talking about. I assume you just cant stand anyone telling the truth about your cult leader, excuse me, the Great Dear Leader.

  • As a 62 year old man and black, I have learned to respect people for what they believe in. When I came across your youtube, I was thoroughly impress with your knowledge and your desire to take courses in college that would benefit you and your family. My belief about you begin to change when you call Rep Jackson a bitch. I call her office and express my dissapointment, but I did not call her a bitch. Don't go in the gutter son. Don't give me this "dah" I don know what you are talking about.

  • @junkyarddog47 No disrespect. I'm black and this is the worst President wev'e ever had. When he bailed out the banks my husband and I were shocked! The PEOPLE need help more than Freddie Mac and Fannie Mae. I realize also that the President is just a puppet; they all were w/the exception of a few (and they were assasinated) but "The Feds and Wall Street" (which are in his cabinet really run this and basically tell him what to do. We were duped, He spoke eloquently and we wanted to believe it.

  • @atlasshrugged2u I agree with you. I hate to see this happen, but the truth is the truth. We are being taken to the cleaner.

  • wow, that label gets used WAY too much these days. disagreeing with a president is hardly anything new. have you ever thought that just maybe someone sincerely doesn't like his policies without race being a factor? the fact is, i've seen more liberals inject race into current events than i have conservatives. i guess that's the easy way to try and get someone with an opposing view to shut up but it only shows the lack of any intelligent rebuttal

  • Believe me I am losing it with Victory. As a combat vet of 20 yrs and 29 days, I did learn leadership. The quickest way for Victory to get leadership is to go down to Wal-Mart on Isle 3 and buy a backbone. His inflection tells all that he do not respect the President of the United States. He can disagree and so do I, but I do have respect for him and President Bush also. Yes, I do let my leaders know and I pray for them as stated in the Bible. Victory talk out of both corner of his mouth

  • Where does it state you have to respect the president (brobama)?

  • Look at Obama voters now, all back of the bus. Unemployment is 9.7 percent. 2 percent higher than your president said it would. Overwhelming government control and spending. Liberties are being compromised. This is Obama's economy now. Fortunately it is still our country.

  • unemployment? you can blame that on bush. 8 years full control, and the last 2 years the democrats hardly did anything to stop him.

  • "the balck guy' ? wtf

  • lol

  • If you go to the go2uidotcom website you will see that if anyones unemployment benefits run out before december. I think that was the date.. Anyways. That person will get a 30 week extension in benefits. I read that on the website the other day when I checked it out. So that sucks for anyone whos benefits are running out right after that cut off date.

  • Google Insight search "unemployment"

    It surges in Mid July 2009 a hockey stick spike.

    We are in deep doo doo stock market s&p is a false indicator average investors not driving it as well as down-sized companies improving bottom lines but not hiring.

  • And thats why their building all those secret FEMA concentration camps

  • you have to be troll.

  • lol down with the  trolls

  • Why is that?

  • Doom sells. It's part of human nature. The economy will come back like it always does. The same things were said in 1979. What happened next ? The start of a new bull market like the one you are currently seeing now in the DOW and the vast majority of stocks. Gold / Silver have every excuse to rise to great heights and silver is still below its high made over 30 years ago.

  • doom wouldn't sell as much if people didn't have a legitimate concern for the future.

  • Silver's being manipulated but the ETF's don't have the metal so something's gonna give....other than that you are funny!!

  • The market is often moved by collective fears or hopes, rather than fundamental indicators.

    Having said that, I also do not believe this rally to be a long-lasting one.

  • Tonight, Brian Williams gibed; 'the stock market and the U.S. economy should not be confused as the same thing" in what I could only surmise as his incredulity of the decoupling that has occured

  • Another Suckers Rally today...

    What a Scam!

  • Also remember, the DJIA retraced 50% from its lows in 1930 in 5 months, only to fall another 80-90% over the next 3 years.

    We are currently 40% up from the lows. However, given the propensity to frequently and conveniently change the components of the DOW when it suits them, and given the huge amounts of money being thrown around, it wouldn't surprise me to see Dow 10,000 in the next month. Dow 12,000 however just sounds too high.

  • Thanks Trazom, unbelievable that this rally would be sustained and actually feed off of hideous jobless news, I don't know if physics apply in the Universe anymore.

  • Me neither. Either way, by year's end we'll have someone who's very very wrong with their prediction. Let's wait and see.

  • LOL, I'm hoping; Shame galore to another retrograde Wall Street imbecile

  • I believe that history is repeating itself, 1929 all over again, but only worse, this time we are entering the depression with hideous debt.

    With such dreadful fundementals no rational person can really believe the rally in the DOW is going to be sustained, it's a bubble, the reality is, if someone gains, soneone else will lose, all it is, is a redistribution of wealth, no real extra wealth has been created.

    Once this rally runs out of steam, watch out for the mega dive

  • Vision, I know it is redundant to incessantly lament about your preapprehension of Dow 4,000 by late 2009 to early 2010 but there's some Wall Street hack named Charles Lemonides who forecasts Dow 12,000-15000 by the same time. I've found the predictions of these punk strangely always seem to manifest. I'm with you on the Dow 4,000, just to let you know where I stand.

  • There's not a bubble in this market today. About the NASDAQ 2/22/2001...THE NASDAQ fell, oh, another 50 percent from there.

    Quote from Charles Lemonides

  • Also from Charles Lemonides:

    (I)n Washington Mutual, you're getting in there at less than 10 times this year's earnings estimate. Earnings are going to be growing if not 10 percent, 15 percent, over the next two years. If you're in there at less than a double-digit multiple, and you've got 15-percent earnings growth going out, I don't see how you get hurt.

  • Hey fellas, im michael from Denmark and i told my familiy the truth all of it and i was tood away to a mental-hospital and they agreed with me that they well keep it a sceret for the public... :-( they are working on the "problem" in DK now!.. :-(

  • It is not just that the budget deficit is $2 trillion. The government is spending DOUBLE what they are taking in.

    And the deficit is FOUR TIMES Bush's worst deficit. Granted, Obama inherited the 2009 budget, but he also voted for all of the bail outs and has continued Bush's reckless fiscal policies and even added to them while disclaiming ownership.

    He did not inherit the "stimulus" package deficit nor the TARP II or AUTO II deficits. He chose them just as he chose the original ones.

  • Working for free sucks... I worked at a hole in the wall restaurant that was very poorly managed and ended up getting burned for over $7,700! The owner owes her sister about $60,000 and about $64,000 in credit, last time I heard. The chances of me ever seeing that money are zip. Then I got burned by another restaurant for over $500. Seems like I can't get ahead in life. I'm 21 and still cant afford my first car, due to all this crap.

  • I know you said those Wall Street pigs will get slaughtered by year's end but the game is fixed for the house to always win, lamenting and posturing about it is futile.

  • What do you think of Lemonides' prediction of Dow 12,000 by December and 15,000 in a year? Those bastards will pull it off I think.

  • Working for free is also called slavery. Actually worse if one considers that slaves are generally fed and clothed (though poorly) and provided shelter.

  • Excellent point.

  • I am unemployed someone suggested to work for free I'm all for it if I didn't have to pay bills and stuff. minus well turn to crime if you can get away with it.

  • Working for free is called volunteering. Find another job so you can pay those bills. Good luck brother.

  • Excellent commentary, Visionvictory - thank you.

  • You just shredded those green shoots bro... The stock market catch was golden. Pure propaganda coming from the govy...

  • In the state of Ohio, the unemployment was extended 20 weeks after people have exhausted their state and federal unemployment. This makes people eligable for 79 weeks of unemployment.

  • man UI benefits are going to run out, what do people do after they do and cant get work. also you only get so much UI to survive get ready for a lot of pissed off people

  • by the end of the year like 3 million people are getting kicked off unemployment...LOOK OUT

  • When gold bullion was confiscated, the government had no difficulty asserting that payment in paper currency at the official gold price was just compensation. What had occurred was arguably a mere exchange of component parts of the monetary system, bullion for currency. But just compensation for rare gold coins manifestly not part of the monetary system The government would have been forced to determine compensation on a coin-by-coin basis, an impossible administrative and logistical burden.

  • The President's gold confiscation order specifically exempted "gold coins having a recognized special value to collectors of rare and unusual coins." The reason for the exception had nothing to do with sympathy, Constitution's Eminent Domain Clause. Twelve words provide the protective barrier: "nor shall private property be taken for public use, without just compensation." Since the confiscation of rare coins would be a taking of private property, just compensation would have to be paid.

  • vicionvictory do you know about the book

    the truth about money by LEONARD ORR?

  • CNN - Pay raises will be bigger - next year

    Companies are planning median merit increases of 3% for 2010, according to human resources consulting firm Watson Wyatt, which polled 235 large U.S. employers in May.

    While that's below the 3.5% raise workers received in both 2008 and 2007, it would be an improvement over the 2% salary increase employers plan to give out this year, Watson Wyatt said.

    That's funny. I haven't seen higher than 3% in over 8 years, including 0% this year.

  • Does anyone actually believe this BS? I happen to work for one of the largest US employers in the tech industry. Unfortunately they also happen to be one of the largest foreign employers.

    Gee, I wonder if these raises are on a global basis? The article doesn't mention. This would make sense given my company is making due with bare bones here in the US while going on a massive hiring spree in India.

    Excuse me I have to go vomit.

  • I wonder about that too, Trazom. I work for a Fortune 500 multinational conglomerate, and - same story . . . layoffs, furloughs, and no raises in 2009. We are only hiring a handful of contract workers from overseas (India, as at your firm), but are sending a lot of our manufacturing and administrative operations to a variety of foreigh locations. If things do somehow manage to turn around, I don't see it helping us much for at least a couple of years.

  • ZZZZZZZZzzzz....Bush made Obama's job hard.

  • "This budget proposal did kick the can down the alley.... There's all kinds of de facto borrowing built in to this and borrowing means you take the money now and pay it later."

    So essentially, we have learned nothing from the past few years.

  • From the Los Angeles Times:

    Anger follows California budget crisis deal

    Daniel J.B. Mitchell, professor at the University of California Los Angeles, said there was no quick fix to the state's budget woes.

    "We keep squeezing and chopping away but each year we're incurring debt in one way or another for each time we run through this cycle," he told AFP.

  • New book ........ I noticed it at costco

    By... Dick Morris & Eileen Mcgann

    Title.. How Obama, congress and the special interests are transforming ... a slump into a crash, freedom into sociallism and a disaster into a catastrophe... and how to fight back.

    longest title i have ever seen

  • Personally I am a big buyer of stocks. I like to buy good companies that make money... I guess I am alone with this. :D

    I am looking forward to an agressive upturn of stock markets...

    However, the gold price may crash because the FED is planning to harvest the excessive money from the markets.

    The real economy is giving us extremely positive signs in Europe, the unemployment has started to decline, stock markets are rallying etc.

  • Working for free?, but are they getting unemployment benifits? Ah ha!

    Work that into the equation.

  • Your astute vision on crime is something the majority of people are not looking at.

    Emphasizing unemployment must be looked at very closely, it is a direct indicator of the pulse of our economy.

    1.5 million people losing their unemployment by years end we will see a monstrous problem in this country.

    If people dont have money to buy gold & silver, it could turn out that both go down.

    Why do so many of us know the answers to our problems, but not the politicians?

  • people working for free...wtf are they thinking.

  • Gold at 15,000 and silver at 900.

  • Vision makes dire predictions for the rest of 2009. Im shocked ! lol.

    When they are staight up cooking the books everywhere, this market isnt going anywhere but up until the whole system has an Enron like crash. They can keep this going for awhile longer, like yrs longer. The end will be when everyone least expects it and everyone seems to expect it this fall. Be very carefull.

  • I expect inflation to rear it's crooked head at latest end of 2010. Game over soon.

  • 5 stars danny~

    Thanks for you time!

  • ROFL 5:35 "i guess working for free, some people might be encouraged.... I wouldn't"

    We're all in shit all you can do is fight it and laugh at it.

  • Here is my Health Care Reform:

    Legalize Marijuana and give the People what some Relief mon!

    Peter Tosh said it best "LEGALIZE IT MON"

  • this country is fucked from 8 years of being run into the ground....

  • Just 8? try like 200.

  • Can you get this vid to Hannity or Beck? Government at its best.

    Thanks Neal

    What are you using to make your video with?

  • Too bad the mindless masses will never learn nor believe in the truth

  • Thanks for your videos!

  • I doubt working for "Free". When people no longer have money or can't demand money (minimum wage, bankruptcy, taxes), they "trade for free". It has to be underground because it's often times illegal (under the table, untaxed barter, under the cash register, etc...)

  • This 'free work' seems to be a really, really bad sign as most are already expected to do a lot of 'free work' in the form of non-profit and internships to prepare for the free grunt work they will get now.

  • Working for free phenom has the additional downside that employers will be forced to grill on salary history and such. They will have to, as this is one way to see if your refs are 'real' or just a payment for 'scab' work.

  • watch?v=VpjRBUVTAqs

    badgers

  • Badger vs Fox. Badger wins easily.

    watch?v=mVzfcpu9RM0&NR=1&featu­re=fvwp

  • yep it's getting pretty freaking weird out there..

    "The California Public Employees' Retirement System, the largest in the nation, today posted a preliminary drop of $56.2 billion for the fiscal year ended June 30. The second-ranked fund, the State Teachers' Retirement System, reported a preliminary loss of $43.4 billion.

    but what the heck ..got a bushel of parsnips .

    .thinking about making parsnip vodak ..

    go get drunk with my new found friend

    the badger ..latter guys ..

    take care

  • Bernanke saves the dollar - for now

    The Fed chairman faces the tough challenge of making sure the greenback doesn't continue to weaken. But a much stronger dollar won't help either.

    Federal Reserve chairman Ben Bernanke has a major problem on his hands. He is doing his best to try and save the economy from slipping further into recession. But he may have to sacrifice the U.S. dollar in the process.

    I don't things could get any clearer at this point.

  • hey Mike,

    I just called FEMA, and talked to a FEMA IT employee. He told me that he has worked for FEMA for 2 years and when i asked him about the NLE09 starting on July 27, he said that he KNEW NOTHING ABOUT THIS.

    I asked him straight out if he was lying to me to cover up towards the general public, and he swore he was not lying; he just Did Not Know ANYTHING about this drill...

    I am Shocked, But actually Not Surprised.

  • Two Biggest US Pension Funds Suffer Huge Losses

    Calpers, the largest U.S. pension fund, said on Tuesday it suffered a record 23.4 percent drop in the value of its assets in the last year.

    Assets fell to $180.9 billion on June 30 from $237.1 billion a year earlier, the California Public Employees' Retirement System, or Calpers, said. "This result is not a surprise; it is about what we expected given the collapse of markets across the globe," Joe Dear, the fund's chief

    investment officer, said

  • Has any countries cashed in or prepared to do so their US dollar reserves i.e. for gold yet?

    Just trying to understand what's happening.

  • Good point about the stock market being a bad indicator of where we stand in a recession.. clear thinking! In our own natural selves, we are so easily deceived. But Praise JESUS CHRIST! He is the Truth, and leads us into the knowledge of all truth. A lot of wishful thinking going around-people imagine the recession over because they want it to be.

  • $2 trillion deficit in one year. Who would have ever thought this was possible? That alone should be enough to convince people something is fishy. I also am heavily invested in silver. Just stay away from numismatics. Bullion is the best play.

  • Obama To Attend North American Union Meeting

    President Obama will attend the controversial Security and Prosperity Partnership meeting with Mexican President Calderon and Canadian Prime Minister Harper next month, it has been revealed.

    The White House had not responded to requests to verify Obamas schedule during the second week of August, however, a statement from Press Secretary Robert Gibbs titled Upcoming Travel by the President, confirms that Obama will attend

  • Gerald Celente hit the nail on the head. He said that the majority of people are out of tune with whats going on. He also said what more proof do people need to understand that this is a severe depression that we are entering. He said it's like people on a sinking boat with the water is up to their necks only to say doesn't the band sound wonderful.

    Eventually people will wake up, too late for many.

  • Daniel, I totally agree with you in that the economy will continue to tank, it's hard to determine exactly when the DOW will start to crash, as it is a function of manipulation and sentiment. However, the dreadful fundamentals wil not go away and therefore will have to be faced either by allowing corporations to fail now, or by stimulating the economy with QE. If the latter prevails it will be even more devastating when the collapse occurs. The collapse will occur it's just a matter of timing

  • mijadedios comment 34 minutes is right on the mark.The mark of the beast . barack obama is not for americans he's for the new world order of the rich. biblical prophecy is coming true cashless soceity debit cards creditcards devalued dollar yet hese assholes in america are in a deep sleep focused on themselves WAKE UP! War in the iran region will escalate soon at a fast rate israel will be surrounded by a mighty army many will die prepare for the unavoidable survival is paramount!

  • Obama is a BIG FUCKING LIAR

    Prior to the Election he said would not issue presidential signing statements :watch?v=seAR1S1Mjkc

    In a letter to the president, four senior House members said they were "surprised" and "chagrin ed" by Obama's statement in June accompanying a war spending bill that he would ignore restrictions placed on aid provided to the World Bank and International Monetary Fund.

    Obama is ignoring US sovereignty just like Bernanke, because he is part of the NEW WORLD ORDER!

  • If Obama is more interested in helping the "global economy," than the US economy, isn't he a TRAITOR?

    Call your congressman and senator and tell them you DEMAND an audit of the FED!

    (202)224-3121

    Make it clear that you will STOP PARTICIPATING IN THIS FRAUDLENT, CORRUPT, SYSTEM if the FED IS NOT AUDITED.

  • whats the premium for silver bullion in the US? I know that for gold its around 5%

  • 5 -8%

    depending on volume

  • thats reasonable, cant find any cheap silver in the UK and its also taxed

  • The United States has extended 9 billion dollars of credit to NEW ZEALAND or 3,000 dollars for each and every New Zealander! When asked why, Bernanke replied, to help the GLOBAL ECONOMY!

    What about America, you TRAITOR?

    Start the TRIALS, ALREADY! Sharpen the guillotine!

  • When asked why, he couldn't tell you the real reason which is that NZ loaded his Swiss Chalet Vault with Gold and silver.

  • GLD = Gold ETF is pulling back and could fall right with the stock market since the mkt has been manipulated for quite some time.

    $92.44 support level needs to hold in order for the next leg up should take effect.

  • ...In a Mad Max world

    I think things of REAL USE are going to be valued MUCH HIGHER than things that are not

    Gold LOOK GREAT...But WHAT EXACTLY IS IT USED FOR? not much

    Silver also looks great...BUT ITS USED TO PRODUCE MORE GOODS ON THE PLANET THAN ANYTHING...but oil

    So IMHO...in a world gone Mad max....SILVER will be VALUED MUCH HIGHER THAN GOLD

    Simply because it has so many different uses...and Gold has so few

    That Btw is WHY the BANKSTERS ALWAYS HATED SILVER

  • Using capslock so much doens't make your post more readable. You only THINK it does.

  • Burntonion05 is right. the unemployment benefit was an effort to get more cash in the economy fast and creating more demand for business goods and services.

  • You can not serve both God and money. You must hate and despise One or the other.

  • I love how people tell me to think positive... there's more hope in my past than my future! how is that going to make me more optimistic?!

  • If Silver is not tied to Gold, its been said by some very intelligent speculators that you'll see silver drop off with the industrial sector. Its always been considered an industrial metal and performs like one. Poor mans gold

  • Even during the time of slavery people didn't work for free. The were treated as subhumans but they had to be fed, watered, clothed and sheltered. Surely those with the money and business owners are smiling at the cheap labor aspects of their economy. Lucifer and Aleister Crowley are smiling too as the Piper plays them the Stairway to Heaven.

  • Unemployment benefits extension was not to make people feel good. To think this is the intent is to miss the whole point. You have no idea what you are talking about. Please stop

  • This contrived rally might extend for the 7th straight day.

  • The rally is over!!!!

    Short now and take profit on Friday.

  • When should I short the Dow?

  • you cant really short the Dow but I guess an ETF like faz shorts it for you

  • NOW!!!!!!!!!!

  • 03:15

    Wow! People are willing to work for "free". Where can I employ them?

  • lol no thanks!!!

  • You are sooooo right !

  • Y'all shouldn't worry about people losing their jobs. You all should worry about yourselves. It time you all started looking for an Opportunity and began raising some Capital versus looking for another Job. You are all overlooking a very important fact. There are more ways of Producing Goods and Services and more Capital sitting on the sidelines than ever before in the history of the world. Y'all could start your own internet businesses and outsource everything. Just slowly grow Equity.

  • There is the biggest pool of Global-Consumers. The quickest way of transporting Products. The easiest way to create Products. The biggest amount of Leverage through OPT, OPM, and OPR. Lots and lots of ways to not even need to be thinking about a job, really... ever again. You all should say screw a 9-5 because none of you are ever going to get anywhere. The Government takes 50% of your income. Jobs are more scarce than ever. There is no retirement security anymore.Start taking Fat Chances!!

  • good video

  • curious emg sounds like a good little nazi.. i think this donkey is lost in la la land.. hes the type of fish that will take jobs in the 4th reich nazi green machine.. dude the time for work and economics is over. time for revolution storing food seeds and guns .. this guy must be a schill

  • if all the people are going to apply to receive 'special help' to pay their mortgage, utility-bill, food & other expenses, then that will amount to almost the same as what you get for unemployment benifit, won't it?

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  • you have a lousy attitude...problem.

  • What exactly happens in the US if your unemployment benifit is exhausted? What money do they give you then? Because they can't just leave you with nothing???

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  • Why not? That's the problem....too many people looking to the govt to sold their problems.

    Churches and your local communities are going to need to help fill in the gaps, just like in the 1930's.

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  • Right On!! Obama is a deception. HE IS FOR THE BANKS!!! Wake up? people. The Olagarchs have leverage over him. He is being blackmailed. He is not a citizen. If he confronts the Banks they will toss him out.

  • I bet that Obama will say that "it is the change you all voted for".

    I hope you all have some Silver and no bad debt

  • There are a lot of people who predict complete collapse before the end September.

  • Every prediction thus far has been wrong, obviously. Here we still are.

    I guess we'll wait and see.

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  • The real focus should be about the Modern Day DRAFT that Obama is trying to do.

    I've been telling people all over Youtube about this report that I read.. it was about the Military loosing Troops. Most are dropping out.. and some aren't even reporting for DUTY!!

    Obama has to be 5hitting bricks.. because not only is he loosing the American peoples support.. but this guy is even loosing support in the MILITARY!!

    (Now, That's a LAUGH OUT L0UD!!:)

    Obama, YOU SUCK!! haha

  • Military losing hearts and minds of U.S. soldiers

    The continuing occupation or Iraq and the growing war in Afghanistan are leaving permanent physical and emotional scars on a whole generation of U.S. soldiers. Not since Vietnam have so many GIs objected to a war, and never have military families spoken out so strongly for withdrawal.

    Who can BLAME THEM for losing morale? The whole deal sucks to high hell.

  • 8 of my teeth are filled with 18 carat gold. If I need money bad enough....

  • Money is only a medium of exchange. The money we have today is also just that: a medium of exchange. Because all it can do is be exchanged for something else before it loses value. Historically, money has had 3 main options. You could exchange it for something else in the economy. You could store your wealth in it. You could consume it by making Jewelry or Stupid Gangster Halloween Teeth like you did. The money we have today has to go because it only meets ONE of the criterias to be money

  • That's right, I said it. You could consume it. But, how am I going to consume a Federal Reserve Note? The only possible way I have found is to smoke thelm. I do occasionally roll up a nice 2.8 grammer. But, I can't store the said note that which is tendered legal, Federally Irredeemable. I can't store my wealth in that sh*t. Bernanke be debasin' dat shit cuz. All I can do is exchange it. And it loses exchange power more and more everyday.

  • So how can paper money ever work?  Let alone all this biometric and computerized shit they been had since the late 60's. Unless human beings intelligently manage the supply of their paper money, it can never work. That's right, I said it. It has to be Gold or Silver only. Plus how does a Wage Earner NOT lose ground to the rich while the rich print more and more money. How is that worker ant going to ever be able to monetize his said sweat. Out there working hard all for his salary. (^:

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  • U.S. banks may incur about $470 billion of losses and writedowns by the end of 2010, which may cause the banks to be unprofitable in the period, the ratings company said in a report published today. Large loan losses have yet to be recognized in the banking system, Moodys said. We expect to see rising provisioning needs well into 2010.

  • U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasurys Troubled Asset Relief Program.

  • I know this is a dumb question, but here goes... who sets gold and silver prices? And how can they be kept artificially low?

  • yes my mate is a builder and went to site asking to work for free and they said they would not have anyone working for free. theres nothing going.

  • I saw Mish's article ... often read his stuff ... pretty honest and insightful.

    re: gold/silver ...yes, I've been wondering if we could have another deflation driven drawdown in the markets in the next few months, which would pull down gold/silver. I've been holding back adding for now. still agree, though long term, gold/silver are good places to be.

  • My China investments are up over 72% in <90 days but I think that the US economy is setting up for a MAJOR downturn very soon. I don't see any indicators that point to a decoupling of global currencies. With that in mind, I'm strongly considering that I pull out of China and increase my precious metals investments to hedge against the downturn.

    I'm getting that bubble feeling right about now... :o)

  • ahhh what the heck .. sitting here with the badger chowin down on a passal of parsnips... just laughing at all this madness 24 trillion dollars ..economic garbage totaly freaking out of control .. me and the badger ..the badger and i ... have figured ..it don't really matter fire up another parsnip brother we're all gonna go down in this one ... might as well go down laughing .. parsnips fpr every bodie ...
  • ..good viewpoints =-but theyll give them extentions of unempl ins ... ;)

  • Buy canned food, too.

  • What do you know, California is not going bankrupt after all. They found a way to eliminate the 26 billion in budget deficit without printing any money. Source: wsj news. A great victory for America

  • The Obama administration, AS TRANSPARENT/CLEAR AS 'MUD'.

  • I maybe misunderstood the video but I thought you said to expect bullish behaviour on silver and gold when Obama publicy states the budget deficits. I can't see anyything that would negatively affect its price at this point unless they either announce that we went positive on job creation or they keep compounding propaganda. You can only lie for so long until everyone realizes wtf is going on.

  • Shadowstats puts real unemployment at about 21% right now.

  • drutter, I'll go with that. We know govt stats are going to be wrong, and 21% certainly sounds more realistic given the past failures at jusging unemployment figures.

  • They're not bad at judging - they're GOOD at FUDGING!

    Makes me sick they change the methods of reporting to make things look better. :(

  • Good vid, thank you!

    Looks like somebody's doing yoga behind you and to your right (our left) at about 6:00 :p

  • Thanks for all your videos. Your still one of my heros although I haven't had time to post but still have never missed a video.

    Wish I could had come to Ontario.

    So, this Ca budget crisis... they just announced they solved it... by borrowing from the City funds or something?! What do you think about this? Is CA out of the woods now?

  • My prediction for California...The Terminator will be locked in a room with the legislators 3 or 4 months from now trying to figure out why the counties and cities are suing their pants off..The only solution for California is when jobs move in, and welfare cases move out. Robbing Peter to pay Paul? Pretty pathetic..Thank God they don't have a printing press..

  • They have solved nothing - only delayed the inevitable. For instance, they are going to raise college tuition fees big time. Let's see, people losing jobs, getting no raises or out right paycuts, losing their retirments, houses are underwater, and credit and loans getting harder to come by - just how exactly are they going to pay for this? Yeah this makes sense.

    The name of the game is pass the buck. Only problem is the people can't afford it.

  • Can't stand MISH! I emailed the guy to discus some points and he started calling me names. I pointed out how rude he was and did not call him a name. But like a child he continued insult me just because he did not agree with my assessment on silver manipulation.

    Mish also writes like a child, he tries to make the reader feel stupid if they do not agree with him. When he does not agree with a particular person his blog is very condescending.

    I stopped reading his trash.

  • Yeah, he can be pretty harsh...I e-mailed him a video of Daniel actually, and he only watched about 2 of the 8 minutes and then proceeded to rip into me...haha. We e-mailed a few times back and forth...you definitely need some tough skin when reading his responses, to say the least.

  • Good info as always brother.

  • There will be another stimulus no later than early next year

  • stock prices are inflated by inflation anyways, id like to see how stocks performed against consumer goods and other signs of inflation

  • if the masses get discouraged over this so called recovery they will start chasing gold..we have to wait for that moment to occur...until then, the price wont move much because of the manipulation, holding the price of gold below $1000...the greatest time of trouble the world has ever seen is right on course..make no mistake about it.

  • Yeah, it seems like the gold price is being held. Then again there seems to be odd inflation/deflation happening in various parts of the economy (in the UK). Just buy more, if it is being manipulated, they can't resist the hidden hand forever :D

  • Sacramento County to cut 140 sheriff's on Aug 1st. we were told that there would be only 5 patrol cars in the north and 5 in the south at any one time. Have already seen many homeless in my area for the first time in my 32 years here in Orangevale. My street getting ready for crime right now

  • Gates: Army to get 22,000 more troops

    Defense secretary says more soldiers needed for ongoing operations

    Defense Secretary Robert Gates announced Monday that the size of the Army is being increased temporarily by 22,000 soldiers to help meet the needs of the wars in Iraq and Afghanistan and other missions around the world.

    CHANGE WE CAN BELIEVE IN? or not..

  • the government will extend the unemployment benefits..the gov wont let millions run out of money, they just print more money.. the deficit debt means nothing to us..only to our kids...they wont let gold go over $1000..too much money will come out of the stock market to chase gold if it breaks "strongly" above $1000.