La invito pubblicamente a spiegare perché nel 2004 avete nascosto alla Magistratura di Ragusa diretta dal Procuratore Capo Dottor Agostino Fera, il c/c 10/645629 di Campo Innocenza Maria e perché non avete mai risposto agli Esposti-Denuncia del 30 dicembre 2009 ma avete atteso tanti anni senza rispondere lasciando morire la Signora Innocenza Maria nel dolore di chi si è vista privare dei propri soldi.
Please stop giving advice and scaring the public! Your logic is not logically at all and terribly wrong...first off...your "scenarios" have tremendous holes that will fortunately just waste people's time...first example: you "guaranty" that people will lose wealth in domestic equity, bond funds, money markets...are you an idiot! next example, in most every case you cannot "just cash out a 401(k)" unless that participant wants to sever employment there! Again, blanket statement!
Please stop giving advice and scaring the public! Your logic is not logically at all and terribly wrong...first off...your "scenarios" have tremendous holes that will fortunately just waste people's time...first example: you "guaranty" that people will lose wealth in domestic equity, bond funds, money markets...are you an idiot! next example, in most every case you cannot "just cash out a 401(k)" unless that participant wants to sever employment there! Again, blanket statement!
We have been planning for a couple of years now. Food storage, guns/ammo, Precious Metals.........but it still seems like a BAD DREAM to think that the good ole US Dollar is going by way of the Do Do. It's just flat out SAD
i cashed nine out i only contributed for 3 years had about $7000 vested recived about $4500 that im now sitting on waiting for a pullback in silver and gold but im worried its not gonna happen,silver hasnt had a pull back in over a month,should i buy now or wait and see if i can save a couple bucks.
Nice video. I think the future you foresee is a probable one, but more than once you used the word "inevitable", and IMHO that's risky. I know of no one - whether shrewd analyst, well-connected insider, or psychic - with a consistent track record of predicting of what the future holds; given that, placing all your bets on the inevitability of a single scenario seems like a high-risk plan. It helps to consider the question "What if I'm wrong?" before committing all your money to one plan.
Gold has peaked and on it's way down. Anyone who bought it a few weeks ago should sell and short it on the way down.(I'm sure the video covers that) .
@18wheeler76, gold has gone down and came back up. Did you do what I said and sold, shorted it on the way down then buy it back when it was down? Your problem is?
Double V - I too agree that the dollar will slide horribly. Do you think it will happen catastrophically (all at once) or as a long, slow slide? What's your time frame...2009, 2010,next week? I'm just curious, not basing investments on your advice. just want your opinion.
becasue you can't hold it.. I want the gold/silver in my safe.... not in some banks safe.... when this all crashes "they" will take your gold/silver..
Gold is good for inflation and cash is good for deflation. It's not inflation. Too much cash spend on limited stuff cause inflation. But this depression is not. Too much money is printed and spread by FED but banks or people who hold the cash will not spend. Also the stuff has been overproduced. Hold your $.
The great depression was very different. The dollar was bagged by gold, as good as gold. Now the dollar is as good as toiletpaper but not even bagged by toiletpaper. Inflation is caused by the expansion of the money supply. Imagine they would produce twice as much cars with the same demand for cars. The price of cars would have to drop 50% to meet demand - currency is the same. Dont hold trash, buy silver and gold. prosper!
Why are all you critics even on here? VisionVictory is providing a good service that is free of charge. If you don't agree then just get off the channel. Why do you waste your own time by commenting? VisionVictory, what are the best foriegn currencies that you recommend?
The dollar will not go to zero. It will go down, but the other currencies will go down faster. I think, Euro will not survive the global depression at all. Germany will not want to be together with Greece and Spain and Portugal.
The swiss frank is equal with the dollar,but all that will change when china japan,brazil and India are all going to dump the dollar. The chinese yuan swiss frank even yen and euro will surpass dollar when this happens.
Please shorten your message: get to the point. I want to listen to you but.... you talk about bugs in your eye (and Dentist appointments in other videos). This video is supposed to be about 401Ks and I'm not getting much info from you on the topic in the first quarter of your video. The meat of your information isn't until half-way through. Then the ramble ends your video.
It appears that the dollar has become the new winner over the pound and euro. Confidence in America is high and Europe is low.
All the markets are down and which one is going to bounce back first? The country with the higher currency or lower currency value? My guess is the higher. Now for the 'value' of gold, do the unemployed have disposable income to put into gold? Do the europeons have disposable income for gold? Not with the socialists in power, too easy to grab it from them.
Hidden under a veneer of respectability, integrity and competitiveness, the BANKER awaits his next unsuspecting Victim. The BANKER is partaking in the biggest SWINDLE of all time, and he knows it. The BANKER's WEALTH, POWER and influence extends the WORLD.
We are ruled by a capitalist BANK-OWNED that has usurped the mantle of government, and set about to pauperize and control the people.
we are now ruled by our african-american president select and his merry band of ex-clinton gang.
The banker is a smart breed, up until he was FORCED to loan mortgage money to people that couldn't afford to pay it back. That was the beginning of the downturn.
Will we survive this? Yes. Will we learn from it? Probably not.
Gee, only $175 a year for a subscription to The Shadow Government Statistics Newsletter. I'm SO SURE they aren't biased and manipulative to ensure so many stupid people pay $.50 per day to justify their existince?
Jim Rogers to Brits: "Move to China; learn Chinese."
Mr Rogers is still more forthright in his advice to the Prime Minister, who he urges to resign, but not before abolishing the Bank of England. "They are the ones printing all this money," he said. "Central bankers are not gods or geniuses; why does anyone think they are?"
independent. co. uk/news/business/news/now-its-time-to-emigrate-says-investment-guru-1488629. html
I tried to close my 403B and found out that I'd have to quit my job in order to do it or at least have a medical or catastrophic reason. You CAN'T just CLOSE your 403B because you feel like it. Also..I called EuroPacific and they told me that I need at least $10,000.00 to do anything with them. Since the money I would've used for a EuroPacific account is tied up in my 403B I am F**cked!
why would you 'close' your 403b? This is a retirement plan, not a Vegas gambling style saving account. It makes sense that if you can borrow against a retirement acct they wouldn't want to mess with anything with a value less than $5k.
Just keep tapping your heels together and say: this will be over soon, this will be over soon....
My wifes 403 lost 65% in the last yr and took 17 yrs to get to where it was prior to losing 65%, quess we need to wait another 17yrs to get back to where it was originally, oh what fun.
lostinthemix, the same happened to me. First after 9/11 I lost 2/3rds of my retirement account. No one knows how long it will take to get back to the high point but most are in the same boat.
I hope you have realized the importance of diversification. It is prudent to keep some money in cash, some in stocks and some in gold.
The British government is considering injecting as much as 10 billion pounds ($13.80 billion) into Northern Rock to use the nationalized bank to ramp up mortgage lending, the Daily Telegraph reported.
Calif. farmers slash planting to cope with drought
In drought-stricken California, farmers cut back spring planting to cope with drought SAN FRANCISCO (AP) -- Some of the nation's largest farms plan to cut back on planting this spring over concerns that federal water supplies will dry up as officials deal with the drought plaguing California.
UK economy has shrank by 1.5% in quarter four, worse than predicted by many economists.
Why is it that people like us are in the minority, we knew the position was bad over a year ago. As I said before we will be dripped fed worse news from the politicians, and people wonder why I am so sceptical.
Mahammadabba - Unfortunately our manufacturing base has significantly declined over the years, only to be replaced by a ponzi financial sector. So in answer to your question we do not have much of an economy. There needs to be a significant change in mindset, and a return to a production based economy. Gordon Brown however is encouraging us to spend spend spend. Correct me if I am wrong, is that what got us into the mess in the first place? Reality check, hard times ahead.
wow, I see my local economy the same as it always has. Farming, state university, insurance, engineering, sales, food, auto sales to name a few. We haven't had the extreme ups and so we aren't experiencing the low lows you are.
The problem we are in is because of the banks being forced to lend money for mortgages to people that had no way of paying it back. We can put blame but the load has been dropped and the smell has overpowered the world.
so why are you whining to me about food prices if you aren't paying much for yours? Isn't that like whining about the price of gas and not having a car????
'why are you whining to me about food prices if you aren't paying much for yours? Isn't that like whining about the price of gas and not having a car????'
First off, I never complained, or whined, about food prices.
Secondly, I am not self-serving or seeking to protect only myself.
If someone is being wronged, I will help make it right.
I have put myself in harms way for others, but I doubt _you_ would sacrifice anything for someone else.
$6 trillion in housing wealth and $8 trillion of stock wealth has been lost over the past months.
In the meantime the US Treasury has gone from 'managing' $5trillion of debt in 2001 to $11 trillion now, $17 trillion including the GSE's. This is before the bailouts.
The Fed's balance sheet has exploded in a matter of months. This means that almost nothing is being done to unwind these bad 'assets.'
'hope'-fully those guys at the Treasury and FED have 'business degrees'.
'Where did you get 14% inflation? The price of crack go up that much in your neighborhood? '
You received the answer in prior post regarding 14% coming from shadowstats and another source. Being indifferent to the truth and willfully ignorant has been the downfall of Americans.
Anyone wishing to participate in an intelligent conversation must seek to understand.
Time and time again I post fact with reference to be met with mindless hyperbole and 'feelings'.
from shadowstats debunked: "I've yet to find someone who has been able to reproduce the claims made by Shadow Government Statistics about the extent to which government agencies are grossly misreporting the U.S. inflation rate. Apparently, neither has the Bureau of Labor Statistics, as detailed in an article by BLS economists John Greenlees and Robert McClelland in the latest issue of Monthly Labor Review."
That entire article was about justifying the BLS adjustments to methodologies for calculating things like CPI. Anyone can manipulate statistics (Frank Lutz grins like a fool explaining how they can see a result with their 'polling').
I am sure you also believe the DOW is a steady measure and that the PPT doesn't exists (even though it was publicly acknowledged years ago).
You must be hitting Google and just reading a single sentence or paragraph. Dig deeper .
If the collective 401k's are worthless, why would the government take them away? I have had my 401k into the money market fund and not lost a penny. There is no inflation so it's not being eroded.
Wow, a 99% collapse of the currency? What brought us to that conclusion? Yes, I didn't lose any money in 07 or 08, I 'guessed' the stock market had peaked then and guessed right. Lucky me. I believe the market is bottoming and will come back the end of 09 and skyrocket again.
If purchasing power of food is diminising, buy cheaper food. Grow your own. One can eat for $2 per meal and survive.
I would like to see a country that holds 100% of it's printed money backed by metals. There just isn't any so your 'fiat currency' comment is just whining.
Study history? Will it help me work or eat today? Naaaaaaa. It might give me obscure terms to make me look more intelligent (like the term 'fiat') but dit won't put food on the table or pay bills.
Studying history lets you know that this vessel is heading in the same direction as other large ships that chartered the same waters.
You see trends in politics, economies and cultures. You learn that other countries did not 'modernize' to become active industrial nations but to become pawns of the IMF.
You can actually see the end game like knowing the plot to a great story that you get to watch unfold.
I am not trying to beat a dead horse, but I hope that people will understand that democracies and fiat money have a shelf life.
Democracies (our Representative republic has fallen to Democracy and now into Despotism) historically fail within 200 years.
If you wish to know how fiat money cannot sustain the long-haul, then read the high school paper written in 1979 that outlines a mathematical proof that any economy subjected to interest (fiat) ultimately terminates itself under insoluble debt.
You are indeed...a misguided, uniformed, Sheeple. So where do you get your information? The govt. of the Socialist States of America? You actually believe them? I bet you actually thought there were weapons of mass destruction in Iraq! Here is my prediction...in six months you won't dare show up here to make a comment...unless it's to beg for food...offering your worth LESS dollars in exchange. Carry on...Lucy in the Sky with Dollars!
boningboys, where else does the information come from? The anarchists of Southern Bumbfuck?
I'll take you up on that prediction. In 6 months I'll be working like I did this year and the year before that and the year before that...
I heard the same thing from boneheads like you during the Carter mis-Administration. When gas hit $.76 a gallon (horror of horrors, we will all be walking) and inflation was a REAL 21%.
Now go play with your peepee and leave us working Americans to our recovery.
This nation is down by the bow and going under FAST! If you're comfortable in "steerage", so be it. BUT there are some of us that see what is PLAINLY OBVIOUS...this nation is doomed economically...we will prepare...we will feed our families...we will NOT BE SHEEP!
You are are right...I am betting against people. You know...the same ones who send our kids to fight while theirs stays home. The same ones who steal from us and spend our hard earned money like water. Go ahead trust govt....after all it's convenient to love one's master.
I did oh wise one...I paid off my home and stocked up on food and other essentials...unlike my father -in -law who has lost over $100K. "Oh...but my financial advisor says it will all come back" Yeah...in an alternate universe...where teachers are paid millions and NFL stars can barely pay the rent. As far as weed is concerned...the only weeds I deal in ...is the weeds in my garden. Laugh it up chuckles...when your watching this country come apart like a $2 watch....remember me. I prepared.
boningboys, good for you paying off your house but the non-investment broker here would have told you to take out a HILOC and pick up a few shiny gold pieces.
As for teachers pay, you are living proof that no matter how much teachers are paid retards like you will still be wheelchaired through the education system.
As for NFL they don't even get my attention. If the economy is 'so bad' why are people killing to get better seats at the games?
You've got to be kidding? "Your money is safe"? Please...you're killing me. Every Fiat currency in history has died when it's value has reached ZERO from dilution from over printing...if printing TRILLIONS is not over printing what is??? As far as turning in privately owned gold is concerned...that is a joke. The govt. outlawed whiskey once...guess what, people kept drinking, Outlawing something only drives the value higher...one example is drugs...
Not everyone that works his ass off lives in poverty. Some of us get an education and use it. You act like everyone is making minimum wage and have no future. Not me, not many people I know (except for Carl the Crackhead, he's on the road to ruin).
toneyboy, you are a good sheeple-herder. Buy all the gold you can with all that overprinted money. There will come a time when gold crashes again and then where will you be? Holding lower valued metal.
drugs... now you're taking me back to my high school days. $3 hit of LSD.... $20 ounce of pot.... mushrooms.... a friend with weed is a friend indeed.... ;)
Well now we are getting somewhere...I can understand your misplaced enthusiasm for a dying financial system based on greed and corruption. Looks like you fried your brain years ago...LSD? Mushrooms? Take me down the rabbit hole wise guy and tell me...When is gold going to crash? How low is it going to get? Please tell me why PAPER is more valuable than gold? Tell me...why is it that Confederate money is now more valuable than the U.S. dollar? I sold a $10 Confederate note two days ago for $40!
gold is whatever the market will bear. Right now it's in the $800 range. But when the time comes people will need money to pay their bills and gold will have to be sold for cash - and as more and more gold is liquidated the value of it will go down. But of course you know simple economics even though you don't understand them.
So I should listen to an economic whizkid like you? Paper is wealth....how pathetic...you should do yourself a favor an shut yer piehole. Oh...gold? At $882 and climbing....Stocks DOWN...Gold UP...I'm such a loser! ;-)
Gee, did you buy gold when it hit $1000? That would be wizzfantabulous....
look at the chart of Gold. Of course it spikes durning downfalls in the stocks because DEMAND IS UP AND PEOPLE ARE PANICKING AND PAYING MORE FOR A METAL.
Buy all the gold you want. Your life savings could fit in your hands.
I read here about the $ failing, but look at the other currencies, they are falling faster than the $. The pound and euro are approaching each other. Japan and China are falling. The russian rubel (sp?) is and always will be a joke. Oil is back to it's realistic $40 per barrell.
What do you get when you invest in a stock? You are investing in people. Investing in gold? You are betting on doom and against people.
There are many doom and gloomers. Open your eyes and figure out a way to get ahead in this era. Your money is safe in a FDIC insured account. This is the time to invest if you have money. If you don't have a job, go to McDonalds if you have to. Keep your hopes high in this time. People are still buying cars, houses, eating out, going to movies. The world isn't coming to an end. The bad thing about gold is that the government can make it illegal to sell privately and call it in.
Good luck keeping your gold. The new administration and congress are the biggest crooks in the world today. I'm so glad they are there to help themselves to my money.
Gold is something that the government would love to get their hands on. If you can't sell it to anyone but the government (who will set the price) what good will it be?
Good timing on the gold purchase. You've doubled your money. Do you have an exit point or are you going to watch it go up and back down?
People, this is a recession. I realize that many of you have never been through one in your adult lives. Recessions happen. You will survive. Maybe you will have to give up your cell phones and cable and even move back with your parents for a while. Ask yourself 'how many years do I have before I retire'. Then figure out how much you need to save and divide that by the years left. Then PLAN and SAVE.
Bumps happen in life to all of us. I've been through good times and hard times.
These Evil, Greedy, Bastards, like Greenspan, Bernake, Wolfowitz, and Paul Ate America from the Inside Out. We should have Heeded the Warnings of our Founding Fathers.
"I sincerely believe that BANKING establishments are more Dangerous than Standing Armies, and that the principle of spending MONEY to be paid by posterity, under the name of Funding, is but Swindling Futurity on a large scale."
Merrill Lynch CEO John Thain lost his job following a report that he spent $1.2 million to redecorate his office and paid employees billions in bonuses days before the firm was bought by Bank of America.
Suze Orman also encouraged young couples to purchase 'Wedding Insurance'.
She make her money hocking the 'Ultimate Protection Portfolio' and being a mouthpiece for what should be commonsense (the rest is just plain bad advice).
crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent, said New York University Professor Nouriel Roubini, who predicted last years economic crisis.
Ive found that credit losses could peak at a level of $3.6 trillion for U.S. institutions, half of them by banks and broker dealers, Roubini said at a conference in Dubai today. If thats true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion.
Vision has hands down beat the MSM but also keep in mind that anyone who invested in Euro and other currencies lost big time. The thing about investing or trading is not to lose more than a certain percentage of the total assets.
Eventually the rate at which Helicopter Ben is "printing" , no one knows what will happen, especially if the Chinese say enough is enough.
People who insist on thinking that this is just a difficult time and that things will get better in a few months will soon find that they are ina financial "life and death" situation. Just keep on sitting around pondering the mysteries of life and your "paper" wealth...and soon reality will kick your ass. Think about this...when things in Europe were at its worst in the early 40's...were people smuggling paper money or gold coins while trying to get out of Germany? Buy gold or perish....
Paychex, a major payroll processing company for small businesses offers employers 401K plans that they can in turn offer their employees. Apparently you can't borrow from your 401K, nor can you take out early withdrawls unless.... see my next post.
Singapore lowered its 2009 growth forecast illustrating how steeply the global economic downturn is pushing down export-dependent Asian economies.
Conditions around the region have since deteriorated far more rapidly than expected, with virtually every new data release from China, Japan and elsewhere painting a much worse picture than economists had forecast.
Singapore underscored that announcing that its economy had contracted 16.9 percent during the last quarter of 2008.
He Zhicheng, senior analyst of the Agricultural Bank of China considers the source of the disturbance in the global currency system and the global economy to be this overheated market. People cannot only look at the U.S. and subordinated debts. When you observe the situation in China you find that the signal of the yuan value has been overlooked for a long time, so the economic forecast of this environment is naturally overheated, and corporations dare to blindly overreach." --Epoch Times.
He asks, Why are there are so many enterprises become bankrupt in China right now? Six months ago these entrepreneurs were still full of hope for their future. Theyve tried to increase production reserve. At that time, the currency exchange rate didn't give any warning signal for likelihood that the economy may cool down. Why would the currency suddenly lose its power to indicate this?
The biggest reason is that the yuan exchange rate mechanism has not been ameliorated with the continuously improvement of the marketization in the economy.
FULL ARTICLE: What Will Happen to the Chinese Currency? (Part 2)
Mr Xu, who advises most of China's giant resource and heavy industry companies, said it was "physically inconceivable" China would return to the resource consumption rates of the past. "We simply don't have enough land, we don't have enough clean air to support such growth, at some point it has to slow down and even decline in absolute terms," he said."
"However, the yuan is not yet a freely convertible currency. Under the managed floating exchange rate regime the Chinese authorities hold the power to determine its currency exchange rate. Currently, financial experts can only determine the real supply-demand relations of the yuan measured in the overseas non-deliverable forward (NDF) market and the domestic black market. Therefore, it is complicated and tricky to accurately forecast the future of the Chinese yuan."-ET
The last thing I would do is gamble on the europeon or foreign markets or currency.
Why not just leave the existing money in the market (it will eventually come back) and put new savings into a money market fund? The only way devaluation of the dollar happens is when hyperinflation happens - and that isn't happening in America.
pay state and local taxes (approx) 7%: $25000 x 7% = $1,750
$25000-$2500-$7000-$1750= $13,750 left.
Gold is at $855 per oz: 13750/855 = 16 oz of gold. To break even on this endevour gold would have to hit $1554 per oz, at which time you would owe taxes on the profit of $11,250 (-30% another $3375 loss).
You must have never borrowed from a 401k. You pay NO tax or penalties for borrowing your own money. ONLY if you WITHDRAW.... I have borrowed several times....so you need to rethink what you are telling people.
How so people save when they're living Pay check to pay check? Wages remain Stagnant while Inflation continues to march froward, basically a Hidden Tax. It's easy to point fingers.
Easy, Don't take on debt and save in the good times. Check my videos. Everything I did was with SAVED money and bought after everyone was stupid and the place went to foreclosure.
Actually I borrowed twice from my 401k - and payed it back - not took it out to speculate on gold. The first time was when I bought my house, borrowed $15000 October 99 and saw the market tank so I didn't lose that 2/3 after 9/11. I bought low, sold high and bought back low. The second time was last October - $5000 for a new roof for the house, again before the market tanked and now I'm buying back cheaper shares.
The video says to take your money from your 401k and 'pay the penalty and taxes'. The 401k is a retirement investment and not a bank account to be drained. I'm just showing how this sounds good but isn't in reality.
Toneyboy53 is correct. If you borrowed, then you wouldn't have paid taxes or penalties on it. You would only pay the penalties/taxes if you did a with drawl or don't the amt due within 5 years or I believe its 90 days after leaving the job.
Can't decide what position to take. I already have precious metals & food but still own my home in a major city. Nowhere else to go. will have to stay here.
Transferred my 401K to Europac but am still in cash at Europac. Can't decide if I should stay in cash or invest in their recommendations. Dollar is strengthening and it may not be time yet to buy. Any advice?
Hi Daniel, I wanted to share this with you. Wed morning, while driving 18 yr old daughter to school we were listening to NPR. A number of people were sharing their experience of yesterdays inauguration. When it was over my daughter said really dead pan from the back seat All I heard was bbbbbbaaaaaahhhhhh. I laughed so hard! Alas, it would be funnier if it wasnt so true.
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Dottor Passera,
Banca Intesa San Paolo
La invito pubblicamente a spiegare perché nel 2004 avete nascosto alla Magistratura di Ragusa diretta dal Procuratore Capo Dottor Agostino Fera, il c/c 10/645629 di Campo Innocenza Maria e perché non avete mai risposto agli Esposti-Denuncia del 30 dicembre 2009 ma avete atteso tanti anni senza rispondere lasciando morire la Signora Innocenza Maria nel dolore di chi si è vista privare dei propri soldi.
Complimenti Dott. Passera!!!
Damiano Nicastro
AAAAAAAAA3170 2 months ago
AIG was bailed out to cover Golman Sachs credit default swaps bets againts the housing market.
TheGreatReckoning 3 months ago
Please stop giving advice and scaring the public! Your logic is not logically at all and terribly wrong...first off...your "scenarios" have tremendous holes that will fortunately just waste people's time...first example: you "guaranty" that people will lose wealth in domestic equity, bond funds, money markets...are you an idiot! next example, in most every case you cannot "just cash out a 401(k)" unless that participant wants to sever employment there! Again, blanket statement!
foxoutdoorsman 10 months ago
Please stop giving advice and scaring the public! Your logic is not logically at all and terribly wrong...first off...your "scenarios" have tremendous holes that will fortunately just waste people's time...first example: you "guaranty" that people will lose wealth in domestic equity, bond funds, money markets...are you an idiot! next example, in most every case you cannot "just cash out a 401(k)" unless that participant wants to sever employment there! Again, blanket statement!
foxoutdoorsman 10 months ago
We have been planning for a couple of years now. Food storage, guns/ammo, Precious Metals.........but it still seems like a BAD DREAM to think that the good ole US Dollar is going by way of the Do Do. It's just flat out SAD
notpcone 1 year ago
What's goin on with Emperor Obumma at DC???
notpcone 1 year ago
Didn't think we would be seeing such a quick Video from you again Daniel! Thanks much!
notpcone 1 year ago
i cashed nine out i only contributed for 3 years had about $7000 vested recived about $4500 that im now sitting on waiting for a pullback in silver and gold but im worried its not gonna happen,silver hasnt had a pull back in over a month,should i buy now or wait and see if i can save a couple bucks.
18wheeler76 1 year ago
I like the name of the Emperor's Limo - "Beast."
Your "old" videos are still helpful. Thank you.
tesskansas 1 year ago
@tesskansas thanks for watching
visionvictory 1 year ago
Nice video. I think the future you foresee is a probable one, but more than once you used the word "inevitable", and IMHO that's risky. I know of no one - whether shrewd analyst, well-connected insider, or psychic - with a consistent track record of predicting of what the future holds; given that, placing all your bets on the inevitability of a single scenario seems like a high-risk plan. It helps to consider the question "What if I'm wrong?" before committing all your money to one plan.
Tigerpaws9097826 2 years ago
buy & hold in your own Safe....
don't leave it in some IRA bank holding..
cds162 2 years ago
Gold has peaked and on it's way down. Anyone who bought it a few weeks ago should sell and short it on the way down.(I'm sure the video covers that) .
mahammadabba 2 years ago
@mahammadabba WHAT DO U THINK NOW OF YOUR HORRIBLE PREDICTION?
18wheeler76 1 year ago
@18wheeler76, gold has gone down and came back up. Did you do what I said and sold, shorted it on the way down then buy it back when it was down? Your problem is?
mahammadabba 1 year ago
Great videos.
Great wisdom.
ellibrepensador 2 years ago
I like your video.
DavidIncredibleGuy 2 years ago
Double V - I too agree that the dollar will slide horribly. Do you think it will happen catastrophically (all at once) or as a long, slow slide? What's your time frame...2009, 2010,next week? I'm just curious, not basing investments on your advice. just want your opinion.
cracknoodles 3 years ago
if u want to keep the wealth in your country, buy as much gold or silver as u possibly can
Mongodelight 3 years ago
Why not just convert to a precious metals holding IRA? Not that hard.
Noisycowonline 3 years ago
becasue you can't hold it.. I want the gold/silver in my safe.... not in some banks safe.... when this all crashes "they" will take your gold/silver..
buy it hold it
cds162 2 years ago
Gold is good for inflation and cash is good for deflation. It's not inflation. Too much cash spend on limited stuff cause inflation. But this depression is not. Too much money is printed and spread by FED but banks or people who hold the cash will not spend. Also the stuff has been overproduced. Hold your $.
stevenxxv 3 years ago
The great depression was very different. The dollar was bagged by gold, as good as gold. Now the dollar is as good as toiletpaper but not even bagged by toiletpaper. Inflation is caused by the expansion of the money supply. Imagine they would produce twice as much cars with the same demand for cars. The price of cars would have to drop 50% to meet demand - currency is the same. Dont hold trash, buy silver and gold. prosper!
Mongodelight 3 years ago
Why are all you critics even on here? VisionVictory is providing a good service that is free of charge. If you don't agree then just get off the channel. Why do you waste your own time by commenting? VisionVictory, what are the best foriegn currencies that you recommend?
ServantofYASHAYAH 3 years ago 3
Let the dogs bark, Sancho, that means we are strolling. -Cervantes
ellibrepensador 2 years ago
Yep. Here comes the beast. 1:40
mike29571 3 years ago
The dollar will not go to zero. It will go down, but the other currencies will go down faster. I think, Euro will not survive the global depression at all. Germany will not want to be together with Greece and Spain and Portugal.
juneride 3 years ago
The Chinese Yuan is 6.7 to the Dollar.
The Japanese Yen is about 89 to he dollar.
The swiss frank is equal with the dollar,but all that will change when china japan,brazil and India are all going to dump the dollar. The chinese yuan swiss frank even yen and euro will surpass dollar when this happens.
vsaldanas 3 years ago 2
Please shorten your message: get to the point. I want to listen to you but.... you talk about bugs in your eye (and Dentist appointments in other videos). This video is supposed to be about 401Ks and I'm not getting much info from you on the topic in the first quarter of your video. The meat of your information isn't until half-way through. Then the ramble ends your video.
CashBackAtEbay 3 years ago
did someone force you to watch this? If you don't like it, then move on.
visionvictory 3 years ago 2
It appears that the dollar has become the new winner over the pound and euro. Confidence in America is high and Europe is low.
All the markets are down and which one is going to bounce back first? The country with the higher currency or lower currency value? My guess is the higher. Now for the 'value' of gold, do the unemployed have disposable income to put into gold? Do the europeons have disposable income for gold? Not with the socialists in power, too easy to grab it from them.
mahammadabba 3 years ago
what's with your video - I have a fast connection but it keeps cutting out, even at my work - is your video file too big or something?
alycephoto 3 years ago
Hidden under a veneer of respectability, integrity and competitiveness, the BANKER awaits his next unsuspecting Victim. The BANKER is partaking in the biggest SWINDLE of all time, and he knows it. The BANKER's WEALTH, POWER and influence extends the WORLD.
We are ruled by a capitalist BANK-OWNED that has usurped the mantle of government, and set about to pauperize and control the people.
SATANSbankers 3 years ago
we are now ruled by our african-american president select and his merry band of ex-clinton gang.
The banker is a smart breed, up until he was FORCED to loan mortgage money to people that couldn't afford to pay it back. That was the beginning of the downturn.
Will we survive this? Yes. Will we learn from it? Probably not.
mahammadabba 3 years ago
That nigga aint rulin shyt hes taking orders from the Kracka!
offthahook08 3 years ago
racist
thedelta88 3 years ago
"That nigga aint rulin shyt hes taking orders from the Kracka! "
"racist"
Not really, it sounds like every rap song made. Are they racist against their own race?
mahammadabba 3 years ago
Did the Banker Screw America during the Great Depression because the Housing Market Burst?
No the Bankers just Screwed us, don't fall for that stupid game of Blaming the Little guy, while the Owners Laugh all the way to the...Bank.
SATANSbankers 3 years ago
satanblowsbankers, if you don't like banks don't go to them. Have you ever heard of 'credit unions'?
My guess is you're homeless, always been homeless and will always be homeless.
mahammadabba 3 years ago
oh mahammadadabba, looks like I struck a little,Greedy, Money Grubbing, Banker Nerve didn't I?
You keep Kissing Banker Ass, maybe someday they'll give you a Yacht Ride.
SATANSbankers 3 years ago
"oh mahammadadabba, looks like I struck a little,Greedy, Money Grubbing, Banker Nerve didn't I?"
bwahahhahahahhaha Not one bit. I enjoy your banter stating you hate bankers. Did one touch you when you were a little satan? bwahahahhahahaa
"You keep Kissing Banker Ass, maybe someday they'll give you a Yacht Ride. "
bwahahahhhahaaa
Will you then give me ice cream and show me your special place???
bwahhhahahahahahahaaa
mahammadabba 3 years ago
mahammadabba, That's cool that you got a gig as a retarded cop on youtube, you're doing great, don't let anyone tell you any different.
SATANSbankers 3 years ago
'Retarded Policeman' are the funniest videos on youtube.
nOw thop mAkin FuN ov mee.......
bwaahhahhahahahahahaaaaaa
mahammadabba 3 years ago
Suze Orman is on now. Bother me later.
mahammadabba 3 years ago
Oh cool, I guess you need to run off and wash her dishes and Scrub her floors, I'll let you go and do that. By mop boy.
SATANSbankers 3 years ago
Suze is over now. She said something about her new lap-dog called satan or something like that.
mahammadabba 3 years ago
Maybe you are a Banker and therefore you want to Defend Usury, and other forms of Making Money from NO-THING.
SATANSbankers 3 years ago
satanhatesbankers, maybe you are poor white trash that doesn't have 2 nickels to rub together who's dream is to sue someone instead of working.
mahammadabba 3 years ago
check out: ETNL and get rich
mahammadabba 3 years ago
Comment removed
mahammadabba 3 years ago
Gee, only $175 a year for a subscription to The Shadow Government Statistics Newsletter. I'm SO SURE they aren't biased and manipulative to ensure so many stupid people pay $.50 per day to justify their existince?
mahammadabba 3 years ago
Why do people continue to give credibility to an operation like Shadowstats? Now that's something that I'd like to hear explained.
mahammadabba 3 years ago
Comment removed
mahammadabba 3 years ago
Jim Rogers to Brits: "Move to China; learn Chinese."
Mr Rogers is still more forthright in his advice to the Prime Minister, who he urges to resign, but not before abolishing the Bank of England. "They are the ones printing all this money," he said. "Central bankers are not gods or geniuses; why does anyone think they are?"
independent. co. uk/news/business/news/now-its-time-to-emigrate-says-investment-guru-1488629. html
hoktula 3 years ago
Prime Ministers, congressmen and senators aren't gods or geniuses either, why does anyone (other than themselves) think they are?
mahammadabba 3 years ago
is it true the brits are bankrupt should i sell all my pounds
exhorter777 3 years ago
I've got 60 pounds left from my trips to England. They went from about $100 to $82. That's sick. The pound is being pounded.
Buy gold with your now worthless pounds. The price needs to be run up by more panic so some can make out like bandits before gold collapses - again.
mahammadabba 3 years ago
I tried to close my 403B and found out that I'd have to quit my job in order to do it or at least have a medical or catastrophic reason. You CAN'T just CLOSE your 403B because you feel like it. Also..I called EuroPacific and they told me that I need at least $10,000.00 to do anything with them. Since the money I would've used for a EuroPacific account is tied up in my 403B I am F**cked!
SilverLakeDaze 3 years ago
why would you 'close' your 403b? This is a retirement plan, not a Vegas gambling style saving account. It makes sense that if you can borrow against a retirement acct they wouldn't want to mess with anything with a value less than $5k.
Just keep tapping your heels together and say: this will be over soon, this will be over soon....
mahammadabba 3 years ago
My wifes 403 lost 65% in the last yr and took 17 yrs to get to where it was prior to losing 65%, quess we need to wait another 17yrs to get back to where it was originally, oh what fun.
lostinthemix 3 years ago
Hey D U M M I E,try employing an options strategy.Sophisticated do.We now know were YOU stand.
Daverha1 3 years ago
lostinthemix, the same happened to me. First after 9/11 I lost 2/3rds of my retirement account. No one knows how long it will take to get back to the high point but most are in the same boat.
I hope you have realized the importance of diversification. It is prudent to keep some money in cash, some in stocks and some in gold.
mahammadabba 3 years ago
2+2=4 Your psychic friends may tell you it's 5
marky1333 3 years ago
1+1=2 (homo)
1+1=3 (hetero)
so many equations, so little time....
mahammadabba 3 years ago
@ 6.00a.m. Central Time GOLD UP BY $20 from yesterday....DOW Futures DOWN 152
Warms yer heart don't it.....
Toneyboy53 3 years ago
yep.
millions made in gold.
trillions lost in stocks.
warms yur heart, no?
mahammadabba 3 years ago
UK Mulls Pumping $13.8 Billion in Northern Rock
The British government is considering injecting as much as 10 billion pounds ($13.80 billion) into Northern Rock to use the nationalized bank to ramp up mortgage lending, the Daily Telegraph reported.
coultrane 3 years ago
Calif. farmers slash planting to cope with drought
In drought-stricken California, farmers cut back spring planting to cope with drought SAN FRANCISCO (AP) -- Some of the nation's largest farms plan to cut back on planting this spring over concerns that federal water supplies will dry up as officials deal with the drought plaguing California.
coultrane 3 years ago
Breaking news:-
UK economy has shrank by 1.5% in quarter four, worse than predicted by many economists.
Why is it that people like us are in the minority, we knew the position was bad over a year ago. As I said before we will be dripped fed worse news from the politicians, and people wonder why I am so sceptical.
hotcloud 3 years ago
"UK economy has shrank by 1.5% in quarter four, worse than predicted by many economists. "
What does the UK actually produce? I'm surprised they have any economy at all.
mahammadabba 3 years ago
Mahammadabba - Unfortunately our manufacturing base has significantly declined over the years, only to be replaced by a ponzi financial sector. So in answer to your question we do not have much of an economy. There needs to be a significant change in mindset, and a return to a production based economy. Gordon Brown however is encouraging us to spend spend spend. Correct me if I am wrong, is that what got us into the mess in the first place? Reality check, hard times ahead.
hotcloud 3 years ago 2
wow, I see my local economy the same as it always has. Farming, state university, insurance, engineering, sales, food, auto sales to name a few. We haven't had the extreme ups and so we aren't experiencing the low lows you are.
The problem we are in is because of the banks being forced to lend money for mortgages to people that had no way of paying it back. We can put blame but the load has been dropped and the smell has overpowered the world.
EASY CREDIT and THOUGHTLESS SPENDING = problem
mahammadabba 3 years ago
they produce paper with red ink on it
interdictorN 3 years ago
and who doesn't produce paper with 'red ink' on it?
mahammadabba 3 years ago
I don't know the las time you bought food, but every time I go food has been going up! I call that inflation.
tdalyy 3 years ago 4
I don't even look at the price of food. I get what I want and need.
If I had to cut back I could survive on hot dogs and macaroni.
I did notice the price of T-bones varies but I buy mass quantities when they are on sale. How about you?
mahammadabba 3 years ago
'I don't even look at the price of food'
That is complacency. If you cannot be wise with $20, you cannot be trusted with $200k.
;)
'I did notice the price of T-bones varies but I buy mass quantities when they are on sale. How about you? '
I buy a cow at a time from a trusted farmer that deals with a strong genetic line of Angus beef.
Store meat from large cattle ranches is crap compared the local stuff.
(and we hunt for deer, goose, duck just because we can).
jcwitness 3 years ago
so why are you whining to me about food prices if you aren't paying much for yours? Isn't that like whining about the price of gas and not having a car????
mahammadabba 3 years ago
'why are you whining to me about food prices if you aren't paying much for yours? Isn't that like whining about the price of gas and not having a car????'
First off, I never complained, or whined, about food prices.
Secondly, I am not self-serving or seeking to protect only myself.
If someone is being wronged, I will help make it right.
I have put myself in harms way for others, but I doubt _you_ would sacrifice anything for someone else.
jcwitness 3 years ago
You are kidding, right?
You called attention to the 'high price of food' and some manipulated inflation rate that is about 4 times the actual inflation rate.
Sweet, could you help out a brother that's down on his luck with a few coins of gold? I hear you have more than a person should have.
mahammadabba 3 years ago
$6 trillion in housing wealth and $8 trillion of stock wealth has been lost over the past months.
In the meantime the US Treasury has gone from 'managing' $5trillion of debt in 2001 to $11 trillion now, $17 trillion including the GSE's. This is before the bailouts.
The Fed's balance sheet has exploded in a matter of months. This means that almost nothing is being done to unwind these bad 'assets.'
'hope'-fully those guys at the Treasury and FED have 'business degrees'.
TGSIII 3 years ago 2
I just checked and inflation for America for 2008 was 3.8% - not 14% like I thought.
mahammadabba 3 years ago
No, government numbers float as they want.
There is a website called shadowstats that recalculates the data based on the same formulas and rules as before.
That way, you get a more honest depiction of what's going on.
Another (simpler way) is to look at the dollar index. Even though you are looking at other backless currencies, it is a good gauge.
Peek way back to 1987 and look at the 'dead cat bounce' to now.
jcwitness 3 years ago
Where did you get the BOGUS BULL SHIT figure?
Toneyboy53 3 years ago
"Where did you get the BOGUS BULL SHIT figure? "
By exercise?
Actually google 'inflation 2008' and the results will come into your reality.
Where did you get 14% inflation? The price of crack go up that much in your neighborhood?
mahammadabba 3 years ago
'Where did you get 14% inflation? The price of crack go up that much in your neighborhood? '
You received the answer in prior post regarding 14% coming from shadowstats and another source. Being indifferent to the truth and willfully ignorant has been the downfall of Americans.
Anyone wishing to participate in an intelligent conversation must seek to understand.
Time and time again I post fact with reference to be met with mindless hyperbole and 'feelings'.
I have no pity for fools.
jcwitness 3 years ago
shadowstats!! bwahahahahaa LOL!!!!!
from shadowstats debunked: "I've yet to find someone who has been able to reproduce the claims made by Shadow Government Statistics about the extent to which government agencies are grossly misreporting the U.S. inflation rate. Apparently, neither has the Bureau of Labor Statistics, as detailed in an article by BLS economists John Greenlees and Robert McClelland in the latest issue of Monthly Labor Review."
mahammadabba 3 years ago
'rom shadowstats debunked:'
That entire article was about justifying the BLS adjustments to methodologies for calculating things like CPI. Anyone can manipulate statistics (Frank Lutz grins like a fool explaining how they can see a result with their 'polling').
I am sure you also believe the DOW is a steady measure and that the PPT doesn't exists (even though it was publicly acknowledged years ago).
You must be hitting Google and just reading a single sentence or paragraph. Dig deeper .
jcwitness 3 years ago
Like you say, 'anyone can manipulate statics' including 'shadowstates. In fact, shadowstats has a reason to lie, to sell subscriptions.
mahammadabba 3 years ago
hmmmmmmmmmm where did the 14% inflation number come from? I thought inflation was low last year.
mahammadabba 3 years ago
If the collective 401k's are worthless, why would the government take them away? I have had my 401k into the money market fund and not lost a penny. There is no inflation so it's not being eroded.
Wow, a 99% collapse of the currency? What brought us to that conclusion? Yes, I didn't lose any money in 07 or 08, I 'guessed' the stock market had peaked then and guessed right. Lucky me. I believe the market is bottoming and will come back the end of 09 and skyrocket again.
Int fund? Not me.
mahammadabba 3 years ago
'There is no inflation so it's not being eroded.'
That has got to be the most ignorant comment I have heard in awhile.
It is mathematically impossible to inflate the M1 (and in turn the M3) and not have an impact.
Your purchasing power of real goods is diminishing (real estate does not count, FOOD does).
If you fail to understand how fiat currency works, then there is no hope for you.
That isn't to slight you, I seriously believe you are too stubborn and refuse to study history.
READ!
jcwitness 3 years ago 2
If purchasing power of food is diminising, buy cheaper food. Grow your own. One can eat for $2 per meal and survive.
I would like to see a country that holds 100% of it's printed money backed by metals. There just isn't any so your 'fiat currency' comment is just whining.
Study history? Will it help me work or eat today? Naaaaaaa. It might give me obscure terms to make me look more intelligent (like the term 'fiat') but dit won't put food on the table or pay bills.
mahammadabba 3 years ago
Studying history lets you know that this vessel is heading in the same direction as other large ships that chartered the same waters.
You see trends in politics, economies and cultures. You learn that other countries did not 'modernize' to become active industrial nations but to become pawns of the IMF.
You can actually see the end game like knowing the plot to a great story that you get to watch unfold.
jcwitness 3 years ago 3
I am not trying to beat a dead horse, but I hope that people will understand that democracies and fiat money have a shelf life.
Democracies (our Representative republic has fallen to Democracy and now into Despotism) historically fail within 200 years.
If you wish to know how fiat money cannot sustain the long-haul, then read the high school paper written in 1979 that outlines a mathematical proof that any economy subjected to interest (fiat) ultimately terminates itself under insoluble debt.
jcwitness 3 years ago
Yes, you are beating a dead horse. I have heard about fiat money for the past 40 or so years and America is still here.
When every economy raises 'fiat' money then the playing field stays level.
Have a great day. And keep reading high-school papers.
mahammadabba 3 years ago
jcwitness, do you have a degree in Business?
mahammadabba 3 years ago
yes, one my degrees is.
My grad work was VERY buz oriented.
(not too much personal info given out here).
Fiat isn't just worthless money..it also is a POS car.
I might not agree with you, but like your laid-back attitude.
:)
jcwitness 3 years ago
You are indeed...a misguided, uniformed, Sheeple. So where do you get your information? The govt. of the Socialist States of America? You actually believe them? I bet you actually thought there were weapons of mass destruction in Iraq! Here is my prediction...in six months you won't dare show up here to make a comment...unless it's to beg for food...offering your worth LESS dollars in exchange. Carry on...Lucy in the Sky with Dollars!
Toneyboy53 3 years ago
boningboys, where else does the information come from? The anarchists of Southern Bumbfuck?
I'll take you up on that prediction. In 6 months I'll be working like I did this year and the year before that and the year before that...
I heard the same thing from boneheads like you during the Carter mis-Administration. When gas hit $.76 a gallon (horror of horrors, we will all be walking) and inflation was a REAL 21%.
Now go play with your peepee and leave us working Americans to our recovery.
mahammadabba 3 years ago
Oh...now you've went and hurt my feelings... gee. I'll probably have nightmares tonight.
(must have hit a nerve) ;-)
Toneyboy53 3 years ago
sorry about that....
LOL
mahammadabba 3 years ago
This nation is down by the bow and going under FAST! If you're comfortable in "steerage", so be it. BUT there are some of us that see what is PLAINLY OBVIOUS...this nation is doomed economically...we will prepare...we will feed our families...we will NOT BE SHEEP!
Toneyboy53 3 years ago
You are are right...I am betting against people. You know...the same ones who send our kids to fight while theirs stays home. The same ones who steal from us and spend our hard earned money like water. Go ahead trust govt....after all it's convenient to love one's master.
Toneyboy53 3 years ago 2
toneyboy, you should follow this video's advice. Cash out your 401k, invest in weed and sit back and smoke until the economy is better.
mahammadabba 3 years ago
I did oh wise one...I paid off my home and stocked up on food and other essentials...unlike my father -in -law who has lost over $100K. "Oh...but my financial advisor says it will all come back" Yeah...in an alternate universe...where teachers are paid millions and NFL stars can barely pay the rent. As far as weed is concerned...the only weeds I deal in ...is the weeds in my garden. Laugh it up chuckles...when your watching this country come apart like a $2 watch....remember me. I prepared.
Toneyboy53 3 years ago
boningboys, good for you paying off your house but the non-investment broker here would have told you to take out a HILOC and pick up a few shiny gold pieces.
As for teachers pay, you are living proof that no matter how much teachers are paid retards like you will still be wheelchaired through the education system.
As for NFL they don't even get my attention. If the economy is 'so bad' why are people killing to get better seats at the games?
mahammadabba 3 years ago
You've got to be kidding? "Your money is safe"? Please...you're killing me. Every Fiat currency in history has died when it's value has reached ZERO from dilution from over printing...if printing TRILLIONS is not over printing what is??? As far as turning in privately owned gold is concerned...that is a joke. The govt. outlawed whiskey once...guess what, people kept drinking, Outlawing something only drives the value higher...one example is drugs...
Be a good little sheeple!!!!
Toneyboy53 3 years ago 2
""Your money is safe"? Please...you're killing me. "
Exactly.
Your money in the bank is NO BETTER
jcwitness 3 years ago
..than burying it in mason jars in the back yard.
Its perceived value is LOST over time.
Inflation was 14% last year.
You will work your ass off now just to live at poverty standards come retirement.
Whattaplan
jcwitness 3 years ago
Yes, but that 14% inflation hit EVERYONE.
Not everyone that works his ass off lives in poverty. Some of us get an education and use it. You act like everyone is making minimum wage and have no future. Not me, not many people I know (except for Carl the Crackhead, he's on the road to ruin).
mahammadabba 3 years ago
'except for Carl the Crackhead'
Don't bring Carl into this. He has a condition and the clinic won't refill his scripts.
Regarding poverty..
I remember when I was in college and had job as pharmacy tech. A Pharmacist asked my 'what's wrong with making $80k a year?' and was smiling.
I thought 'Is that ALL you make! geez, I will have to stay in school longer than 6 years'.
In the end, I realized that my expensive private education had ZERO to with my earning. I feel broke earning 6 fig.
jcwitness 3 years ago
toneyboy, you are a good sheeple-herder. Buy all the gold you can with all that overprinted money. There will come a time when gold crashes again and then where will you be? Holding lower valued metal.
drugs... now you're taking me back to my high school days. $3 hit of LSD.... $20 ounce of pot.... mushrooms.... a friend with weed is a friend indeed.... ;)
mahammadabba 3 years ago
Well now we are getting somewhere...I can understand your misplaced enthusiasm for a dying financial system based on greed and corruption. Looks like you fried your brain years ago...LSD? Mushrooms? Take me down the rabbit hole wise guy and tell me...When is gold going to crash? How low is it going to get? Please tell me why PAPER is more valuable than gold? Tell me...why is it that Confederate money is now more valuable than the U.S. dollar? I sold a $10 Confederate note two days ago for $40!
Toneyboy53 3 years ago
gold is whatever the market will bear. Right now it's in the $800 range. But when the time comes people will need money to pay their bills and gold will have to be sold for cash - and as more and more gold is liquidated the value of it will go down. But of course you know simple economics even though you don't understand them.
mahammadabba 3 years ago
So I should listen to an economic whizkid like you? Paper is wealth....how pathetic...you should do yourself a favor an shut yer piehole. Oh...gold? At $882 and climbing....Stocks DOWN...Gold UP...I'm such a loser! ;-)
Toneyboy53 3 years ago
Gee, did you buy gold when it hit $1000? That would be wizzfantabulous....
look at the chart of Gold. Of course it spikes durning downfalls in the stocks because DEMAND IS UP AND PEOPLE ARE PANICKING AND PAYING MORE FOR A METAL.
Buy all the gold you want. Your life savings could fit in your hands.
What is gold worth? Paper money!!!!!! LOL!!!!!!!
mahammadabba 3 years ago
I bought gold when it was $380, shit and all this time i thought i was doing it right, golds pushing $900, man i really fucked up didnt i? LOLOL
lostinthemix 3 years ago 2
$20 for an oz!?! WTF were you smoking, must of been that shit they call shwag. LOLOL
lostinthemix 3 years ago
no, it was in 1976 - good weed.
mahammadabba 3 years ago
I read here about the $ failing, but look at the other currencies, they are falling faster than the $. The pound and euro are approaching each other. Japan and China are falling. The russian rubel (sp?) is and always will be a joke. Oil is back to it's realistic $40 per barrell.
What do you get when you invest in a stock? You are investing in people. Investing in gold? You are betting on doom and against people.
mahammadabba 3 years ago
There are many doom and gloomers. Open your eyes and figure out a way to get ahead in this era. Your money is safe in a FDIC insured account. This is the time to invest if you have money. If you don't have a job, go to McDonalds if you have to. Keep your hopes high in this time. People are still buying cars, houses, eating out, going to movies. The world isn't coming to an end. The bad thing about gold is that the government can make it illegal to sell privately and call it in.
mahammadabba 3 years ago
"The govnt can make it illegal" i woudn't want to be the one knocking on MY door to take MY gold, MY golds not going ANYWHERE but my lead sure is!
lostinthemix 3 years ago
Good luck keeping your gold. The new administration and congress are the biggest crooks in the world today. I'm so glad they are there to help themselves to my money.
Gold is something that the government would love to get their hands on. If you can't sell it to anyone but the government (who will set the price) what good will it be?
Good timing on the gold purchase. You've doubled your money. Do you have an exit point or are you going to watch it go up and back down?
mahammadabba 3 years ago
People, this is a recession. I realize that many of you have never been through one in your adult lives. Recessions happen. You will survive. Maybe you will have to give up your cell phones and cable and even move back with your parents for a while. Ask yourself 'how many years do I have before I retire'. Then figure out how much you need to save and divide that by the years left. Then PLAN and SAVE.
Bumps happen in life to all of us. I've been through good times and hard times.
mahammadabba 3 years ago
'People, this is a recession'
That sounds familiar...
Let's fire up the WayBackMachine (TM)...
"There may be a recession in stock prices, but not anything in the nature of a crash." Irving Fisher,
leading U.S. economist, New York Times, Sept. 5, 1929
I guess the MSM is just as trustworthy and knowledgeable now as they were back then.
;)
jcwitness 3 years ago 2
Been in and out of recessions my whole life. You are so whacked out because of the Reagan recovery lasted so long.
I always laugh at the quotes form 1929 being regurgated every time the economy slows down a little.
I'll survive this just fine. Now jcwitness is in panic mode and running around screaming 'the sky is falling the sky is falling'....
It's friday and people want me to work for them. For that worthless thing called money.
mahammadabba 3 years ago
These Evil, Greedy, Bastards, like Greenspan, Bernake, Wolfowitz, and Paul Ate America from the Inside Out. We should have Heeded the Warnings of our Founding Fathers.
"I sincerely believe that BANKING establishments are more Dangerous than Standing Armies, and that the principle of spending MONEY to be paid by posterity, under the name of Funding, is but Swindling Futurity on a large scale."
-Thomas Jefferson (1743-1826)
SATANSbankers 3 years ago 2
When you put your FUCKING money into the stock market, and yet are FINED when you want it back, it suggest only one thing: PONZI SCHEME.
NOW answer this question: WHO IS THE SLAVE?
coultrane 3 years ago
Merrill Lynch CEO John Thain lost his job following a report that he spent $1.2 million to redecorate his office and paid employees billions in bonuses days before the firm was bought by Bank of America.
Rome is burning, folks.
coultrane 3 years ago 2
Suze Orman says never to borrow from your 401k, good advice (I won't again, I don't need it).
mahammadabba 3 years ago
Suze Orman also encouraged young couples to purchase 'Wedding Insurance'.
She make her money hocking the 'Ultimate Protection Portfolio' and being a mouthpiece for what should be commonsense (the rest is just plain bad advice).
jcwitness 3 years ago
let's see.....
Who has more money....
jcwitness? or Suze Orman?
Who has a show on CNBC.... jcwitness or Suze Orman?
Who has a best selling book on personal finance.... jcwitness or Suze Orman???
Do you see where this is heading?
People first, then money.
mahammadabba 3 years ago
Who has more money....
jcwitness? or Suze Orman?
Hey, I am sure Heidi Fleiss makes more money than me..but does she know more about the economy? Nope. (I do earn WAY above median income)
Who has a show on CNBC.... jcwitness or Suze Orman? I have a face for radio. ;)
Who has a best selling book on personal finance.... jcwitness or Suze Orman???
Oh, I have authored a well published book for a large publisher.
(sorry, it wasn't in finance ).
Did Suze see the collapse coming?
nope.
jcwitness 3 years ago
crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent, said New York University Professor Nouriel Roubini, who predicted last years economic crisis.
Ive found that credit losses could peak at a level of $3.6 trillion for U.S. institutions, half of them by banks and broker dealers, Roubini said at a conference in Dubai today. If thats true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion.
gods2fight 3 years ago
Vision has hands down beat the MSM but also keep in mind that anyone who invested in Euro and other currencies lost big time. The thing about investing or trading is not to lose more than a certain percentage of the total assets.
Eventually the rate at which Helicopter Ben is "printing" , no one knows what will happen, especially if the Chinese say enough is enough.
gods2fight 3 years ago
The FEDERAL RESERVE is More Powerful than Congress, through INFLATION they can TAX Americans, without ANY Oversight or Representation.
That's Probably why the Constitution States (Quiet Clearly) that Only the Congress has the Power to Coin Money, not some Private, Secretive Bankers
SATANSbankers 3 years ago 3
Their are IMF documents that says Obama has 200 days to ran through the new world order.
And i heard a sound amongs the four beast. And i came and saw a pale horse, and the name of the rider was death and hell came with him
Darkknight7853 3 years ago
Paychex - cont.
You are only allowed to rollover or withdraw money from your plan in the following situations:
You are 59½ or older
Your employer is terminating this plan
You are leaving your employer
You are disabled, and expect to be so for at least 12 months
The participant is deceased, and you are a beneficiary
Sustainable2008 3 years ago
END the FED.
SATANSbankers 3 years ago 2
People who insist on thinking that this is just a difficult time and that things will get better in a few months will soon find that they are ina financial "life and death" situation. Just keep on sitting around pondering the mysteries of life and your "paper" wealth...and soon reality will kick your ass. Think about this...when things in Europe were at its worst in the early 40's...were people smuggling paper money or gold coins while trying to get out of Germany? Buy gold or perish....
Toneyboy53 3 years ago
Paychex, a major payroll processing company for small businesses offers employers 401K plans that they can in turn offer their employees. Apparently you can't borrow from your 401K, nor can you take out early withdrawls unless.... see my next post.
Sustainable2008 3 years ago
Why do you think the currency will collapse?
amedvede 3 years ago
Obama is going to create the third wave after nailing down the trust of his followers. You are all the enemy!
BendoverBernanke 3 years ago
Singapore lowered its 2009 growth forecast illustrating how steeply the global economic downturn is pushing down export-dependent Asian economies.
Conditions around the region have since deteriorated far more rapidly than expected, with virtually every new data release from China, Japan and elsewhere painting a much worse picture than economists had forecast.
Singapore underscored that announcing that its economy had contracted 16.9 percent during the last quarter of 2008.
TGSIII 3 years ago
He Zhicheng, senior analyst of the Agricultural Bank of China considers the source of the disturbance in the global currency system and the global economy to be this overheated market. People cannot only look at the U.S. and subordinated debts. When you observe the situation in China you find that the signal of the yuan value has been overlooked for a long time, so the economic forecast of this environment is naturally overheated, and corporations dare to blindly overreach." --Epoch Times.
mitchee009 3 years ago
He asks, Why are there are so many enterprises become bankrupt in China right now? Six months ago these entrepreneurs were still full of hope for their future. Theyve tried to increase production reserve. At that time, the currency exchange rate didn't give any warning signal for likelihood that the economy may cool down. Why would the currency suddenly lose its power to indicate this?
mitchee009 3 years ago
The biggest reason is that the yuan exchange rate mechanism has not been ameliorated with the continuously improvement of the marketization in the economy.
FULL ARTICLE: What Will Happen to the Chinese Currency? (Part 2)
Is it an Economic or Political Problem?
By Luo Xinhui
Epoch Times Staff Jan 22, 2009
Google: The Epoch Times
Best Wishes Guys,
Mitch
mitchee009 3 years ago
Mr Xu, who advises most of China's giant resource and heavy industry companies, said it was "physically inconceivable" China would return to the resource consumption rates of the past. "We simply don't have enough land, we don't have enough clean air to support such growth, at some point it has to slow down and even decline in absolute terms," he said."
TGSIII 3 years ago
Hi Danny, Hi TGS,
"However, the yuan is not yet a freely convertible currency. Under the managed floating exchange rate regime the Chinese authorities hold the power to determine its currency exchange rate. Currently, financial experts can only determine the real supply-demand relations of the yuan measured in the overseas non-deliverable forward (NDF) market and the domestic black market. Therefore, it is complicated and tricky to accurately forecast the future of the Chinese yuan."-ET
mitchee009 3 years ago
The last thing I would do is gamble on the europeon or foreign markets or currency.
Why not just leave the existing money in the market (it will eventually come back) and put new savings into a money market fund? The only way devaluation of the dollar happens is when hyperinflation happens - and that isn't happening in America.
mahammadabba 3 years ago
I will borrow against my 401(k):
I have $50,000 in it and can borrow half:
pay penalty: $25,000 x 10% = $2,250
pay fed taxes @ 28%: $25,000 x 28% = $7,000
pay state and local taxes (approx) 7%: $25000 x 7% = $1,750
$25000-$2500-$7000-$1750= $13,750 left.
Gold is at $855 per oz: 13750/855 = 16 oz of gold. To break even on this endevour gold would have to hit $1554 per oz, at which time you would owe taxes on the profit of $11,250 (-30% another $3375 loss).
Does this really make sense?????
mahammadabba 3 years ago
You must have never borrowed from a 401k. You pay NO tax or penalties for borrowing your own money. ONLY if you WITHDRAW.... I have borrowed several times....so you need to rethink what you are telling people.
Toneyboy53 3 years ago 2
Who the hell would be broke enough to borrow from your 401? L2save people.
Rspringscabin 3 years ago
How so people save when they're living Pay check to pay check? Wages remain Stagnant while Inflation continues to march froward, basically a Hidden Tax. It's easy to point fingers.
SATANSbankers 3 years ago 2
Easy, Don't take on debt and save in the good times. Check my videos. Everything I did was with SAVED money and bought after everyone was stupid and the place went to foreclosure.
Learn. to. save.
Rspringscabin 3 years ago
Actually I borrowed twice from my 401k - and payed it back - not took it out to speculate on gold. The first time was when I bought my house, borrowed $15000 October 99 and saw the market tank so I didn't lose that 2/3 after 9/11. I bought low, sold high and bought back low. The second time was last October - $5000 for a new roof for the house, again before the market tanked and now I'm buying back cheaper shares.
mahammadabba 3 years ago
The video says to take your money from your 401k and 'pay the penalty and taxes'. The 401k is a retirement investment and not a bank account to be drained. I'm just showing how this sounds good but isn't in reality.
mahammadabba 3 years ago
Toneyboy53 is correct. If you borrowed, then you wouldn't have paid taxes or penalties on it. You would only pay the penalties/taxes if you did a with drawl or don't the amt due within 5 years or I believe its 90 days after leaving the job.
choli0090 3 years ago 2
Whoa what a video I cannot take my eyes off the screen! haha this is very interesting stuff to know about.
Chick6517 3 years ago
i hear a lot of 401K and i think it is a pension investing plan. Why it is called 401K?
dontblamethemessenge 3 years ago
VV: I think this is my second contact on this subject (but I may have not sent the first, I'm not sure).
How do I go about getting an independent assessment of Europacific Capital?
I know you gave them the thumbs' up. How long have you been w/ them?
Thanks,
Tina
tinafiedler1 3 years ago
Hi Daniel theres a guy who is like you very in tune check him out and everyone to his you tube name is / jberni1 / God Bless
exhorter777 3 years ago
There are gold bullion and coin IRAs' available also, you can roll over without a penalty.
optiontrader11 3 years ago
Jim Rogers has been saying for the last year to dump the Dollar its toast!
Now he's saying dump the Pound its toast!
next he'll be saying dump the Euro its toast!
better buy a bigger toaster!
marky1333 3 years ago 2
Well the goal is one world currency.
bdc03 3 years ago
True, but the point i was really making is you have to buy one currency to sell another.
On a global scale hyper inflation through currency devaluation is mathematically impossible.
marky1333 3 years ago
"True, but the point i was really making is you have to buy one currency to sell another.
On a global scale hyper inflation through currency devaluation is mathematically impossible. "
Nothing short of perpetual motion is mathematically impossible. Why are there 'psychics'? To make economists and weathermen look intelligent.
mahammadabba 3 years ago
where can i buy silver?
mustafaterry 3 years ago
Can't decide what position to take. I already have precious metals & food but still own my home in a major city. Nowhere else to go. will have to stay here.
Transferred my 401K to Europac but am still in cash at Europac. Can't decide if I should stay in cash or invest in their recommendations. Dollar is strengthening and it may not be time yet to buy. Any advice?
BeenInACaveWayToLong 3 years ago
Check out Jberni1 on youtube - for a euro outlook - he is very good.
dojufitz 3 years ago
Hi Daniel, I wanted to share this with you. Wed morning, while driving 18 yr old daughter to school we were listening to NPR. A number of people were sharing their experience of yesterdays inauguration. When it was over my daughter said really dead pan from the back seat All I heard was bbbbbbaaaaaahhhhhh. I laughed so hard! Alas, it would be funnier if it wasnt so true.
teshuvahrepent 3 years ago 2
I dont think the dollar will collapse. The dollar will get devalued(max 50%) but n