Exit from Market Liduidity - just ahead of Greece downgrade

[stuntpea]

I'm glad Britain didn't go into the Euro.

Nothing wrong with Europe, I just think Brits consider themselves as British and not European.

If Britain fails, well at least it's our idiots that have caused it.

If I was a Frenchman or German, I'd be peeved if Greece or Spain collapsed my economy.

[He101A]

Looks like you were right about the dollar getting stronger and gold going down in the short run. I am glad I sold 1/2 of my gold. I will buy it back when gold settles at $1000 or less.

[babyygirlyyie]

wer mag mit mir zu chatn oder camn sagt einfach bescheid ja ^^

[mn8aol]

Wahrheit setzt sie frei von Bondage für die Sünde.

[Igentenos]

@jberni1 i have read that the powers that be are not worried about the nation debt of USA (maybe other countries too) because they plan to get control of the oil in the middle east. that they are nation building and will wrangle control of oil. building a piplline. And will make so much money. i will find the video. what do u think?

[mn8aol]

They are creating Regional Unions, which after "harmonization" and "integration" sucks the sovereignty out of individual nations, all will be algamated into a world dictatorship.

[Igentenos]

Oh..I see. thanks. there is no way we, the common people could stop this I guess. i saw on a fringe media that usa isnt worried abt the deficit because they will be making alot of money off the oil.

[mn8aol]

The price of oil is pegged daily by the IMF and is currently being used to draw Middle Eastern nations into a regional union trade blocs. Iraq, Iran, Afghanistan, Saudi Arabia, etc. It is rumored the U.S. is prepared for a new currency.

[Igentenos]

still listening..watching

[spasquier]

Interesting point of view, but I do not understand the link with the title: "Exit from Market liquidity". This was not mentioned even once in the video.... :-(

[Derukugi2]

jberni has interesting economic insight, but he is out of his depth when he tries to comment on social issues.

Because he see everything as an economic problem only and disregards social developments (in case of the increasing riots by islamic immigrant youth in Europe the role of ideology/religion).

[Tressco]

Ever see rich people rioting...?

Many things root in individual economic situations.

Money makes you content by indulging into consumption and social activities.

Social science 101:

No job, no money - no means of participation - leads to frustration - then anger - then violence.

[Derukugi2]

Social science 101: Look at facts before postulating theories.

Fact is, there is no direct correlation.

There are many rock-bottom poor societies without riots.

Conversely, a lot of the anarchist and extreme leftist rioters which appear at events like WTO meetings etc. are from wealthy middle class families.

And the entire islamic jihad and intifada is not related to wealth. For matter, OBL himself is billionaire.

[Tressco]

Ain't got nothing to eat, you got two choices (if work or self-sufficient lifestyle won't be accessible):

Beg or rob.

[Derukugi2]

Tressco,

Germany experienced a MUCH more severe economic meltdown in the 20´s than anything that is happening now, or will happen now.

Yet, they were no riots. The well-fed, leftist, anarchist, and islamofascits young thugs who are rioting now in European capitals have an entirely different motivation than an empty stomach.

Broaden your tunnel vision and look at reality.

[Tressco]

No muslim riots around here. Maybe few in France last year...

Wait & see how many bad assets will show up next year...this ain't over yet...in fact it ain't even started yet!

The bigger picture is Agenda 21.

The herd is too big. The culling of the cattle begins...

[mn8aol]

The marxist pursuit of the state.

[jonz23m]

Its not about if u are rich or poor its more about how rapidly ur situation gets worse. Do u think these poor countries became poor overnight?of course u dont have to have riots on a daily bases after ur country has been poor for decades..But the crime rate rises for sure...u can try and walk around in these rock bottom poor societies or how u call them.

[TheCZMan]

Or in poorer countries, those riots are suppressed overnight and even preemptively with no one caring about it?

[Derukugi2]

No There is nodirect correlation to poverty and crime.

Some of the poorest places in the world (for example Buthan) have almost no crime.

Conversely, in some Western capitals, the crime rate is stratospheric.

Social structure is more important than the amount of consumer goods available.

[iknownothingnow]

From Business Day Dec 2: Investors are also requiring a premium for Greece's protection because of lack of confidence in the government's economic forecasts

The country's sovereign debt credit default swaps (CDS), the financial instruments that measure the price of protection against default, stood at 202 basis points yesterday."

Investors will pay more for sovereign bonds. Higher CDS indicates inability to pay debt. Ukraine's CDS are the highest in the world, at 1,500bps.

[justjacqueline2004]

The Oxbridgr elite who pepper our UK civil service always met ministers pronouncements that things would be interesting! Will Frau Merkel's advisers be similarly so sanguine as they produce the figures for the banks in Germany.German owned companies here in the UK should be bankrupt yet titter on so that the politburough figures of succes would not uncover reality.

[quixgofar]

Great Video, Doc!

Keep it going!!! - New York

[StandUp555]

Well said !

And of course, Germany is leading the way !

[xbeem]

The german police has closed several "left-wing project" and arrests some people so the police attacks are more a revenge for this. I am from germany !

[Tressco]

Where we're heading for...?

[Danster82]

google:

Notice of Understanding and Intent and Claim of Right

[Voy2378]

That comment about the Japan.

"Certain point of time". Are you talking in like 10-20 y or?

[modelmark]

laws are against the tax slaves, made by the rulers.

Almost every person who is unemployed, is so because he would be shot if he got a job (minimum wages, licensing, obligatory insurances)

[Brak82]

i guess i have to go to Hamburg too...

[freedominsomalia]

laws are evil

[jberni1]

..if they are made by the devil

[freedominsomalia]

true, so just replace the word evil with a block to freedom and economic growth/prosperity

[exhorter777]

you know this is not about climate changethe powers that be read the cop summit page 16 line 31 the west will give up there sovern on globle cap aand trade its the only way to pass our constutions and set up globle gov  cheek it out oh yes keep up the great work

[comedytracker]

I don't know what to do I think my family will die.

[capcom101you]

Thanks as always.

[ABETRMAN]

Five Stars *****

From Mississippi !

[whiskerchild]

Thanks. I always learn so much from you.

[kricke243]

Please comment about Japan's government debt is own by 93% by Japanese, not foreigners, and he goverment own trillions in us debt.

Japan has a super economy. They produce things. I bet on Japan.

[InTheSticks1881]

This is a runnaway train. They can attempt to put on the brakes, yet that would have little noticable effect. All that talk from the Fed can also be just more talk. And their talk is very cheap. Bernanke would like to get confirmed.

[MosheFukoshawa]

Yes, it's all true. I predicted this leg down in gold thanks to my cycles. Now we are going up again.

[bertly71]

"The more laws we have, the more criminals we have."

[waldentree]

interesting, but I don't see how the ECB withdrawing stimulus is inflationary

[yogiudo]

Negative deflation?

Waa?

[crissala]

When the government is breaking the "rule of law" then what do we 'all' have?

[TheInvinciblePixel]

La Paloma ohe -

einmal wird es vorbei sein!

Einmal holt uns die See,

und das Meer gibt keinen von uns zurück.

[MayadaJeffery]

You are wonderful.

[fireriver29]

Some markets are doing very well.

[florgat91]

the gold party is over !

[partyhouse88]

Buy Gold? Sell? Buy Silver? Sell? Short the USD?

[shawnaspen25]

Sell gold and silver, stocks and go long the USD in the short term!

[robert4you]

Greetings from Sweden! Thanks for your great videos. You are absolutely right about restrictions, also here in Sweden one can see numerous new laws just the last few months that restricts and "bound" people in a dangerous way. This will eventually end in an uprising worldwide - no doubt about that.

[jaybaybaker]

Thanks! Interesting window into Europe.

What do you mean by negative deflation though?

[Cneumann22]

Thanks for the news update. Your videos are always so infoming.

[thirdcoastguy]

Thank you JB. You are correct. As world governments feel threatened they will suppress our rights. One must remember that any government will take any measure to maintain it's power and sustain itself. Even to the extent of robbing it's citizens of their earnings and if necessary their lives. Fot me governments are not representing the people any longer and are instead organized crime syndicates preying on the innocents of the world.

[McDohnuts]

Great video, your voice sounds well again.

Enjoy your weekend and your cup of coffee.

[MrBankRuns]

Bernanke is trying to get reappointed. So they have to manipulate markets and fudge the numbers so it looks like he is doing a good job. Notice it is on a Friday so the Media will sell it all weekend. By Monday everyone will be cheering for Ben. After he gets reappointed, the dollar will continue to collapse.

[jberni1]

Yes, and after they have sold 200 billion of debt

[yonny1954]

Anyone who seriously believes the 11,00 unemployment number please call me I have oceanfront property in Nevada I will sell real cheap! Honestly wtf are you thinking! I know soooo many people well educated professionals in a wide variety of fields and craftsmen who have lost their jobs and have no prospects at all, nada, zilch, zero time to wake up or just let your eyes glaze over and drink more cool aid

[peckiledorf]

thank you!

[theguvnorjimmy]

Thanks a lot for the videos, I share your views. I would like to hear your opinion on the reason for gold dropping today....

[jberni1]

@theguvnorjimmy

Short squeeze. Too many people bought paper gold on margin to make a quick paper gain

[skybirdbird]

i am not sure laws are made for everybody.....too many US connected get off.......

[alalal5]

Hmm, today I would have expected an update on the USA.

Unemployment down to 10%, Christmas shopping started better than last year and dollar up. Of course this is a snapshot and it is true that there are always time-bombs ticking somewhere around  this world. But at least an imminent collapse has been postponed and for the moment things do not really converge toward the predicted 12% unemployment and the dollar default.

[CelticReject]

alalal5 It's all lies and propaganda.

watch?v=oQTFFFDY3dw

watch?v=bQNj67cK-w0

[alalal5]

Thanks for the fresh links, just the kind of info I was looking for. The sad thing is that you see this parade just going on (or going worse if you like) for years now. But almost for each quarter since 2008 you'd find somebody predicting a crash or $ collapse. But things continued to roll on according to the official truth.

I'm still looking for the location of the wall that the system is supposed to hit. OK, Berni claims it is 50% deflation, but according to his models, so ...?

[jberni1]

@alalal5

I prefer to leave it to others discussing these numbers. As I am not an US citizen, I prefer not to critizise these things b4 giving a chance to americans themselves

[ShillBasher]

alalal5:

We should all enjoy this pleasant interlude. Merry Xmas everyone (early I know), I intend to have a good one and I think many people will want to have a blowout this xmas. Who knows what next year will bring, so let's just enjoy this year.

Give silver coins as gifts is my top tip.

[konshoff]

Thanks Berni!, I often ponder a possible outcome of the situation where eurozone will find itself in. With lots of countries within this group going bust, there is going to be a tremendous political pressure growing on the ECB. What might happen is a chance of regional ECB branches - sort of like it used to be in USA in the beginning of FED- which was actually good idea or ECB emitting bonds or just capitulating under pressure and throwing liquidity in the system- lots of unknown at this point.

[Raccoonraper]

Well, taking a few (!!) idiots that burn police cars as an indicator for the peoples mood is a little bit to easy imo. If so, every crime or act of violence could be an indicator for a "great mental turnaround". I really see those events as what they are, crimes with "no" ideological background.

[jberni1]

@Raccoonraper

Those ones have ideological background. This year 150 cars and attacks on police stations and custom offices..

[Raccoonraper]

Maybe 150 cars, but not police stations. This was the first event of its kind if i remember correctly. And according to ARD it were only about 10 people who attacked the police station. Especially the guys that are burning cars in Berlin and Hamburg are a few left wing extremists. Mental changes happen at daylight on the street and not at night at the police station... i dont see this as a serious indicator for anything.

[jberni1]

OK, You can talk this down. As far as I see it from analyzing what the media does report is that this leftwing extremism is increasing.

[GlobVetus]

Hej

In gothenburg during the last 6 months

immigrants have been burning hundreds of

cars..

Disintegration have begun..

just give it 2-3 moore years and you will see.

[GovWillKillU]

in your opinion, what happened with gold, the dow, and the dollar today? seems like we had a dislocation here... or an attempt to create the perception of one.

[SilverRose09]

The dislocation is normal, do not worry, just hold it because will go right back in track.

[waldentree]

the jobs data was false

[shawnaspen25]

yes it that's true but the fed wants to suck out the liduidity for now. I think gold will fall to 800 level soon

[waldentree]

agreed

I believe deflation is what they want, at least short-medium term, 1-2 years.

Those with high debts, no cash or extreme gold and silver holdings will be crushed. Who's left I wonder.

[dojufitz]

No

history shows Gold and SIlver hold up quite well in a deflation.

[waldentree]

not, as well as cash (sigh......)

[iknownothingnow]

There is a report on MSNBC (December 4, 2009), Despite the upbeat report, long-term unemployment worsens.

Numbers, data, is good but all of us need to understand how the data was gathered and look at what the data really says. Be cautious when the FED comments. They have an agenda.

[waldentree]

an agenda? OMG, really?!!

tell me something I don't know ; )

[jarden69]

Doctor, do you agree with Gerald Celente that America is going into the Greatest DEPRESSION and that most American's have no idea what is coming?

Thank You Sir

[jberni1]

@jarden69

Yes

[ENGUNI]

Hej. I am glad you have your voice back. I am happy to hear about the EU. I live in Sweden, moved from the US, thank God! I have a question...What should we do about our home loans? The interest here now is less than 2%. I have half of my loan locked in but would like to know what you think. As of late 91% of new loans are not locked. Sweden can't raise rates massivly in the near future without massive fallout. What is your take?

[Doenietmeermee]

10 year flat minimum!!!

[jberni1]

Then there will be fallout