I lived in California from 1989 to 2000, most of those years were pretty good, went back for a visit a couple of years ago, I thought I was in a third world country, the population of California is shrinking, it is so bad now that even the illegals are going back to Mexico for "better opportunities".
We are getting the warnings from people like yourself posting on the youtube. This trainwreck in slow motion is so obvious and right in front of us - that we can't see it! I sold my house 2 years ago and bought all the gold i could.
edmondov...dude, I hate to break the news, but China has been devaluing their holdings and currency to continue to prop us up. Their own people are getting tired of it. Don't get stuck in that 'It can't happen here' mind set...it will blow up in your face when they decide to cut the strings. Even if they don't, OPEC can kill us with the stroke of a pen. They can refuse to take US currency as payment for petroleum. Our dollar is on the way out.
DO SOMETHIN!spread organic heirloom food seed far and wide, its called"johnny appleseed economics"or"gorrila gardens",spread more organic food than GMO and you will water down the effects and if everyone becomes self suffcient at their homes it will stop GMO right in its tracks,if there is enough people it will save our food system,thats how you win! wake up everyone,do your part if u are angry,get seed and SPREAD THE ORGANIC SEED EVERYWHERE TELL OTHERS
GOLD HAS NEVER STOPPED EVIL IN THE PAST!! WHAT MAKES YOU THINK THAT THERE IS ANY DIFFERENT NOW!! Unless you want the Evil to ROLL YOU IN THE NEXT 200-300 years!!? Learn History!! Learn how the so called Elit has changed every revolution!!!? Use your minds!! Learn History!!
Silver and Gold coins, that's were it's at....Gods money, it's real. I purchase a little every pay day. Then when the paper dollar has no or very little value, Gods money will rule. Ohhh it be true.
@DandDskeeto no kidding. our economy keeps crashing every month and people are putting more value in dollars , when its not there. We're lucky to be making it into the next year. Metals and non-printable items I think are going to be big in the near future.
Brilliant plan. Brilliantly evil if you ask me. But not to fear, I really think some suspect this is what we're up to. China for example. They keep teasing about revaluing their currency, and we keep pressuring them to do it. They won't, and they shouldn't. The minute they do, currency speculators will make a fortune from the U.S., and the $ will be that much closer in value to what the govt. wants. Then it'll be India's turn. It's sad it's come to this, but a nation born with slavery does this
advantage of. Energy efficiency would lower our CO2 outputs. Devaluing the $ would eventually enable us to have a third world currency. Our knowledge and infrastructure is still that of a first world nation. Put these together, and what could this nation do? Bring back jobs, at lower costs, with clean energy...and compete against China, India, and other emerging nations with older, more polluting tech. Then, we could sell our carbon credits to them, take some of their money, and add to ours.
The point is to the world financial system, America is too big to fail...and Wall Street and Washington know this. In fact, their counting on that as they prepare for the final stage of their plans. A plan, that if it works, would assure America's dominance in trade and finance for the next century. It's all about resetting America's economic clock, doing it without a worldwide financial catastrophe, AND while setting economic/financial/global warming cap-n-trade deals that we'd take full
those banks and governments will not have actual hard losses on their books. Losses, if realized/actualized, would certainly devastate the planet's financial and economic system immediately. The E.U. is a good example of this reality, with banks in Germany and France being bailed out with printed money (since the govt didn't have the reserves or economy to tax enough for the bailout) Iceland's govt imploded due to losses tied to the U.S. Greece is in trouble no doubt due to the same issues
Overall good comments and valid. However, Gerald and Peter often miss one important dynamic in this ugly situation. One that I assure you, the powers that be are aware of, and that is why they arrogantly continue with this mad game of chicken. The reason why our debt is still being funded (and why the dollar is still the world reserve currency) is because of our existing debt already on the balance sheets of banks and governments around the world. So long as we're solvent..or treated as such
Discharging a debt with cash, into a future date and using set off to effect payment. Your knowledge is at a high level. Let everyone believe what they want. For anyone interested in learning the difference between democracy and republic type constitution class. Watch Michael bardnick
@thered702 actually you are right in every post. I don't think it helps you to get angry at other people. Money is reffered to as monetized debt in the federal reserves modern money mechanics. I think you're way ahead of everyone on this. No one understands the difference between
YOU ARE THE MAN!!!! I Will only add "BUY GUNS AND LOTS OF THEM" AND KNOW HOW TO USE THEM!!!!! I AM MOVING TO ALASKA SEE YA THERE!!! OR SEE YA LATER.............
edmondov --- IF USA fails world fails ,,, hahahahaha YOU are Wrong 100%
Acctually world would be better off if they let USA fail ...
It is quite the opposite , Lets say you are lending me money , and I do not pay am I good for you ... ha ?
China always can buy GOLD with dollars they earned , Europe China ASIA save their money , in Europe people OWN their houses , in USA it is all under loans ...
amm as long as they keep teck and new inventions from the public we are never going to get out of this. If the government would allow us to have the teck it would create new industry. Like computers in the 80's, lazer teck, fiber optics, and the list goes on where this stuff was secret then released to public. Now we Do have some crazy stuff we can do yet you will NEVER get to see it, and we will never progress because they are holding us back by telling you what you saw in the sky is not real
Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.
its all due to government control. when people get scared they give up there rights. wait to see what happens just before they bring in the v chip to be implanted in us.
Actually it is due to common immorality beginning with the average American, like you and me. We (as a whole) refuse to be responsible for our debts, or our actions. We dump our debt on our lenders, who dump it on our government, who sell it to China. Few people have lived within a budget at all, for about the last 25 years. Do you not think there is a consequence for this? China won't have to nuke us. They already own US. We will be a puppet country run by socialists in about 12 months.
People get ready for their is a TRAIN a comming. If you don't staop it now in it's Tracks, you are going to see the Biggest wreck you can imagine. No I take that back you cannot imagine.
I'm a contractor just outside Washington DC, and when it is slow here, it must be horrible where you don't have the big government money spending machine. Most people around here have government jobs, full health insurance ,and have no clue what hard times are. You can fuck up all day and still not get fired with a government job.
@eatsomedog... you are so right! thats the probelm. No accountability! If you have a government job, you will never get fired! EVER! No matter how bad you screw up. So we continue to have the same morons running things.
ill bet if you start looking for jobs on careerbuilder and monster you will find that you (like everyone else) is getting spammed with "become a police officer" or "police officers needed"
funny how the only people hiring are military and police. the outlook is not good. tyranny is in full swing.
These links: Fema camps, National debt, etc... need to be posted on the vides comment lines for all the stupid nonsense crud like Brittny Spears and the realted as well as all the others. The word is in a bubble and needs to get out and turn some lights on inside the typical sheeples minds.
the gov went BK a long time ago,there is no money its all a slave system,hjr 192.try to devolop some original view points,your in the matrix,take the red pill.
a government goes bankrupt, ours that is. When a single person goes bankrupt they give it all up and wait to start new. A government will start new with not needing us humans and kill as many as they can for we are the debt payers. We dont pay we dont matter. They gambled on us and lost. Pawns we were and dead we will be. Im sorry but its a game and the united states lost. see you all hopefully sometime in the reincarnation.
I believe there is an opinion, maybe it's fact, that your Government is already bankrupt, as is ours in the U.K. Each person is valuable to the government for one main reason because upon your birth they took out a bond in your NAME and use you as collateral and a surity against their loans from the central banks.
You're wrong to think like that...it's just that we're subjigated through divisive nationalism, patriotism, and different religions.
What's needed is to create an awareness of this division.....leave it behind and in huge numbers all over the globe inform others of what is needed: a resource based economy and social system. It is sound and can work...all is needed is huge numbers of us supporting it all over the globe.
i also work in the construction industry. I went from $23.00 hr to $18.00 and im still holding on to my job by a thread. Good video keep up the good work.
When we begin to let the Godless rule God's Country most of our problems started to become clear. We say we believe in God we trust but our actions say otherwise. This will not work neighbors.
Transparency and Hontesty by Government is an Oxymoron. Only when we return to By the People for the People will we return to being a great nation I appreciate your perspective from the once Great state of California. Blessed be all patriots that trust in God.
AMEN to that, brother! I live in northern CA, too, and I hate it! It's a one-party socialist state & the dumb-dumbs around here just love it. It's all GIVE ME GIVE ME all the way. :-(
The Roman Empire slit its own throat partially through exploding deficits (just like us). Roman citizens became so accustomed to "civilized" living that they demanded more and more comforts at the expense of the treasuries because they felt entitled to it even though it was bankrupting the state (Guns and Butter, New Deal, etc.) While barbarians were at the gates or Rome, citizens still wanted to be entertained (bread and circuses) while the US is broke we want brand new cars.
Susy Orman says we all need to start living on 1/2 incomes. If we have any left. As far as how much US debt there is?? I have heard they are most likely more in the $500 Trillion zone and hoping we never find that out. I believe Gerals Celente has the best proven track record ot all. Follow him. Great video by the way....5 Stars.
God only knows what Geithner promised the Chinese on his little visit with them to secure their confidence in this ponzi scheme. He's probably done sold all of us, our kids and this whole country down the river in order to sell a few more bonds.
The fact is that U.S. population is the biggest consumer in the world that makes capitalism work. If the U.S. fails, the world will fall with it. Point is that China and others will continue to lend money to U.S. They have no better choice. thanks
Think about what you are saying. America is bankrupt, is getting more in debt each day, and is losing buying power faster than Rome did in the age of Nero. We don't save, we overconsume, and a large percentage of the manufacturing jobs have left this country due to the second highest corporate tax rate in the world, ridiculous (and bankrupt) social program costs, and high tax rates for the individual. To say that China has no choice is absolutely ignorant.
The United States. The fact is that we no longer have any purchasing power. What happens when the creditor nations no longer have any money to loan? How do we finanace our consumption then? The game comes to an end at some point in time. The question is when?
The U.S. is nothing like Rome was. Rome was more like Nazi regime. This country was founded on the idea of liberty and this is why the best minds in the world come to the U.S.
So the fact that the US thinks our culture and political way of doing things is so much better than everyone else that we have, under the pretense of protecting freedom and world peace (Pax Romana vs. Pax Dollarium) invaded dozens of countries all over the globe, directly or indirectly killed millions of people...is not reminiscent of the Romans or the Nazis?
It's all headed in the direction of Roman times. Freedom and liberty don't matter when you are left out to dry and nobody helps you get on your feet. The warning has been placed for a long time. this country doesn't produce but masterful schemes to drain the common worker's pocket so, if the common worker buckles, what do you think will happen to the economy? Improve via the thieves in Wall street?
A country that invades foreign countries to spread "democracy" (chaos in Iraq, deaths of millions, destabilizing an entire region of the world, etc.) while borrowing money from a Communist country that routinely commits human rights violations is no longer a "shining city on the hill" nor does it truly represent liberty. It is an Empire. A ruthless, powerful, and bankrupt empire.
@chuska8383 we were NEVER suposed to be a democracy. we are a republic. democracy is evil. sad that you cannot see that democracy is only put in place to tranfer ALL power and wealth to the rich. no democracy has EVER lasted more than 250 years. we are as a country, about 225. do the math. we have been had. its already over unless you gain your TRUE freedom. sovereignty. period. and according to the constitution, we have the right to overthrow the government...except ours they left out.
@chuska8383 Hey i liked your comment. I use to believe in the war and all of that but I have become very suspicious of this government. I cant understand why more of us cannot find a way to uniite and put an end to this madness..Best Wishes
You can't get rich by spending someone else's money. You don't accumulate wealth by getting into debt. Have we learned absolutely nothing from the recent past? Has the American consumer truly become so mindless, so lazy, so blind as to not be able to open an economics book or a history book and instead just blindly believe the pure nonesense that is spewed out by the mainstream media which has been incorrect time and time again?
You can do everything right are debt free and still have outside forces bring you down i.e. the gov wants us goody two shoers to pay for those irresponsible spenders and slackers. They also want us to go out and spend money we don't have to help the economy.
We only "buy" those goods if we are able to pay for it. The money that we are using to "buy" those goods is borrowed from China. Do you really believe that 3 billion Asians who save and invest in production and whose buying power is increasing won't eclipse our own? I suggest a few books. The New Empire of Debt, The Wealth of Nations, Crash Proof, and the Book of Bull Moves in Bear Markets.
Believe it or not deficits DO matter. We are already 70+ trillion dollars in debt. Paying people off by running a printing press is exchanging goods and services for paper and it destroys economies every single time it has been tried. Period.
Furthermore, I'd like to quote someone whom I think you ought to study. "The economy in its entirety must continue to decline so long as more is being consumed than produced, and some part of consumption therefore takes place at the expense of the existing capital stock." - F.A. Hayek
Not true. Wealth is not measured in terms of money. Wealth is measured in your ability to produce goods and services. Our production capacity in this country has been crippled and our appetite for consumption has left us with a mountain of debt and no way to pay it off. This will come to an end.
The Construction industry is tough, I'm an Architectural designer/drafter in Florida. This was the slowest year ever for me in over a decade. I'm getting clobbered. I might get out of Construction engineering. You make good points about what's happening.
@Economic4caster wrong again. wealth comes from rights, which derive from property. you own NO property, you have NO wealth, and NO RIGHTS. david rockefeller did all this for his kid supriem. 2010 now, and its all coming out now.
@edmondov ... if U.S consumers stopped purchasing goods made by the Chinese and other countries alike, the Chinese will just have to use the goods they make themselves..... the Chinese will survive just fine thank you very much..... in fact, life might be better for the Chinese since they no longer have to work harder to make goods for others who will use them but not pay for them.
Gerald Celente is nuts, they can drag this shit out for a decade of miserable stagnation. The bulk commodity reserves of the US Govt. are staggering! They have 20 miles solid of copper alone, ive seen the fields. This decline could drag for 5 or 10 years with up to 25, 30% unemployment without breaking the back of the system.
What?! You think the Government can continue running trillion dollar deficits with tax receipts falling through the floor? The bond market will put a stop to this crap soon enough.
walk on your home live the keys with scharwzinagger and Obama ! i'll find you a nice home in the country on 8 acres for 200k,less job stealing mexicans too
The bond market wont put a stop to a thing, I worked for GMS bonds as a broker for long enough to know that the only thing that will stop US Govt. bond absorbtion will be the day that no one shows up any longer to buy them. The plan is to inflate.
@sysopkc are you completely uneducated? the us has been bankrupt since 1933. and gerald celente has been right on the money. the stuff you say he is crazy for saying has come true since you said he was crazy...now who is crazy? just go back to sleep. or go shopping. big brother will take care of your affairs for you, since you are not capable of doing so yourself.
@thered702 You dont know what your talking about, you obviously didnt read the post, or are a babbling moron. Your writing a bunch of nonsense indicating you have no education, or fundimental understanding of what your are saying. Your replies are so absurdly factually confusing and/or incorrect its absurd. You need to start thinking for yourself and review your worldview some sir.
@sysopkc ha! i have no education? and let me guess...you went to public school and became the ONLY one to get a good education in the past 50 years? i am a phillosopher. you are a slave. go shopping. big brother has your back.
@thered702 There is only one "I" in philosopher. Your so fucking stupid it hurts to read the posts. Please learn some punctuation as well. Yes, your clearly an uneducated person or totally ignorant as to the workings of modern economics. Now go away.
@sysopkc interesting. and "your" should be spelled "you're" genius, so i guess once again, im right, we are all stupid and uneducated. that IS my phillosophy, thank you. you just call me names, but refuse to show where YOU stand. therefore, YOU are the fool who just speaks empty words. you put yourself in this place. not me. anger is a fool's emotion. secondary to fear hurt and rejection. you cannot be angry or irritated without feeling one of those first. you have noone to blame but yourself.
Tim your right...my wife works for 750mil plastic distribution company in so cal...they saw an uptick in june but sales fell right off in july...they have also noticed that thier customers are using excuses again to not pay....recovery has not started yet and good video.... how bout supplying more info with how your vendors/clients are doing in the contruction business...remember, you cant have a recovery with workers being laid off
Every dick and harry is now a financial expert and wants to use the current economic crisis to improve their video viewership...hoping one day they can live off the earnings from youtube rather than working their ass of as rest of us do... I listen only to Marc Faber who is a true financial wizard...
I dont know anything about you Mr Cap but there should be a credibility test done on all those who oppose the US govt.
Dont run with the crowd people, stop, think and analyze, analyze who work for the system and who are real torch holders of change in us economy. I am talking about ron paul, gerald celente, marc faber, peter schiff, etc who manage vast sum of cash and come on NWO t/v channels.
I think Gerald Celente is generally accurate on the economy, but I think we're going to hit a wall when it comes to energy prices and food production around the same time that the economy tanks. I think these things will multiply the difficulties we face about 10 fold, and you'll see a situation that none of us really could have conceived ahead of time.
I'll add that the multi-billion "Cash for Clunker" program hurts parts of the economy both by production & service declines. Older cars are in need of new tires, tranmissions, and general repairs. By artifically lowering the price of new cars, people don't visit the repair shops. This hurts auto parts stores, auto repair shops, rebuilding transmission factories, and many others. Once the stimulus is taken away, not only don't new car owners need servicing; people also stop buying cars again.
More quantitative easing on top of the £125billion already injected into the economy. The city saw this as a surprise move, really? I didnt, the media claim the recession is over, I agree because we are going to enter a depression. The mainstream media in the UK have not mentioned the negative impact of QE, its as if printing money out of thin air is a cure, not in my books, its a disaster down the road, in my books you dont get something for nothing.
"The Bank of England startled the City today as it drastically stepped up its campaign to combat the slump after securing a green light from Alistair Darling to inject billions more in newly printed cash into the economy.
The Bank said that it will immediately begin spending an extra £50 billion on its radical effort to jump-start growth by pumping more money into circulation through huge purchases of government and corporate bonds."
Just how dim can the debt enablers,China-Japan etc,really be?Are they to do an Arab 1970s style dumber than dumb just sit there and walk all over me stance.Or are they willing to use those treasuries they already own,borrow against them at the Fed Reserve and use that money to but real non strategic assets?Just a thought,but please suggest and alternative scenario.
I am a contractor in NY and I am with you 100% We are in for even a bigger fall soon enough. I saw this coming early 2007 and have been preparing. Contractors could see what is going on because when customers don't spend like they were and also when we are not building like we were 5-8 years ago look out something is going to happen and not for the good!
You are one of the lone voices of reason. The jobs will not come back. Corporations will just have to be less productive, meaning less employees on the payroll.
All the bad real estate debt should be purged from the system by 2013 (Alt A, Prime, Commercial). I would suggest renting a house, taking the extra cash and buy gold and silver, a years worth of food, and ample protection for your family....
Taylor, Bean and Whitaker shut their doors today. 17th largest lender in the US. I didn't even hear about it on the news, just through real estate channels.
Next week the US gov't goes to the bond market to ask for 75 billion. It will be very interesting.
If there is one single thing the US can do to get better after this plays out (about 8 - 12 years from now) is to pass a law to limit electoral spending. The need to raise money to get elected is at the root of all the problems.
I'd say you pretty much covered it, now we will have to perfect the message down to a simple phrase that can be written on the head of a pin..... we are all going to need to develop ways to entertain ourselves other than shopping in the near future, I'm taking up engraving on the head of a pin! (for a small fee) ;}
Excellent and timely input. Thanks. ( Just watched a network business media hostess fall all over herself when peter Schiff said the word "depression". She literally physically pushed him to hush him up...with a pasted smile to camera.)
how bad is it there ?????????? & should i buy my first house now or not??????? i'm in Indiana and a union carpenter, what do u think get back asap please!!!!!!!!
we still have alt As coming and commercial real estate is gonna hit hard + banks are holding foreclosed houses of the books, china wants us to pay loans back in yuans,
goldmansucks is fromtrunning stocks, silver and gold suppression is still going on, government manipulating stocks . aw gee everithing is possible in the USA
I lived in California from 1989 to 2000, most of those years were pretty good, went back for a visit a couple of years ago, I thought I was in a third world country, the population of California is shrinking, it is so bad now that even the illegals are going back to Mexico for "better opportunities".
Gabbo2010 2 months ago
We are getting the warnings from people like yourself posting on the youtube. This trainwreck in slow motion is so obvious and right in front of us - that we can't see it! I sold my house 2 years ago and bought all the gold i could.
agrover99 9 months ago
America is going Down. Hell Yea.
camaro02girl 10 months ago
dont believe the hype. great job pal, you are on the money, period. pleasure listening to you. harve
telefalls 11 months ago
edmondov...dude, I hate to break the news, but China has been devaluing their holdings and currency to continue to prop us up. Their own people are getting tired of it. Don't get stuck in that 'It can't happen here' mind set...it will blow up in your face when they decide to cut the strings. Even if they don't, OPEC can kill us with the stroke of a pen. They can refuse to take US currency as payment for petroleum. Our dollar is on the way out.
saynotostupid 11 months ago
hard to take a guy seriously who wears a bass pro shop baseball cap.
freemind321 1 year ago
DO SOMETHIN!spread organic heirloom food seed far and wide, its called"johnny appleseed economics"or"gorrila gardens",spread more organic food than GMO and you will water down the effects and if everyone becomes self suffcient at their homes it will stop GMO right in its tracks,if there is enough people it will save our food system,thats how you win! wake up everyone,do your part if u are angry,get seed and SPREAD THE ORGANIC SEED EVERYWHERE TELL OTHERS
boxa888 1 year ago
GOLD HAS NEVER STOPPED EVIL IN THE PAST!! WHAT MAKES YOU THINK THAT THERE IS ANY DIFFERENT NOW!! Unless you want the Evil to ROLL YOU IN THE NEXT 200-300 years!!? Learn History!! Learn how the so called Elit has changed every revolution!!!? Use your minds!! Learn History!!
AnglesM888 1 year ago
Silver and Gold coins, that's were it's at....Gods money, it's real. I purchase a little every pay day. Then when the paper dollar has no or very little value, Gods money will rule. Ohhh it be true.
Nexstar100 1 year ago
Collapse will come without warning..... . I agree. But open eyes would have seen.
shonkhuulai 1 year ago
The govts to lay off taxes too low to pay them.
Canada bought up the Railroads and some bank assets
Europeans bought up the toll roads
Arabs bought the ports
Asians bought the businesses and are now buying up what little remains
FEDS are buying up all the land now probably to sell that off too!
national parks now belong to UN
Bill Clinton said it best " USA is an idea not a place "
USA will be no more whats left will be a thin line along the Canadian border
Get the hell out of the cities now
dave777blaster 1 year ago
I agree with you 100% ! Please, everyone remember the US Government has the ability to delay the inevitable more than probably any of us can imagine.
IF BY SOME MIRACLE, we make it 2015, 2018 do not believe it still isn't coming without major changes being made first.
DandDskeeto 1 year ago
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@DandDskeeto this has been delayed for 20 years there is nothing left absolutely nothing left for them to use as a buffer.
dave777blaster 1 year ago
@DandDskeeto no kidding. our economy keeps crashing every month and people are putting more value in dollars , when its not there. We're lucky to be making it into the next year. Metals and non-printable items I think are going to be big in the near future.
jasperpaws24 1 year ago
Awesome thoughts,
gruesome reality... :-(
RockTheOcean4me 1 year ago
Brilliant plan. Brilliantly evil if you ask me. But not to fear, I really think some suspect this is what we're up to. China for example. They keep teasing about revaluing their currency, and we keep pressuring them to do it. They won't, and they shouldn't. The minute they do, currency speculators will make a fortune from the U.S., and the $ will be that much closer in value to what the govt. wants. Then it'll be India's turn. It's sad it's come to this, but a nation born with slavery does this
Luvcreole 1 year ago
advantage of. Energy efficiency would lower our CO2 outputs. Devaluing the $ would eventually enable us to have a third world currency. Our knowledge and infrastructure is still that of a first world nation. Put these together, and what could this nation do? Bring back jobs, at lower costs, with clean energy...and compete against China, India, and other emerging nations with older, more polluting tech. Then, we could sell our carbon credits to them, take some of their money, and add to ours.
Luvcreole 1 year ago
The point is to the world financial system, America is too big to fail...and Wall Street and Washington know this. In fact, their counting on that as they prepare for the final stage of their plans. A plan, that if it works, would assure America's dominance in trade and finance for the next century. It's all about resetting America's economic clock, doing it without a worldwide financial catastrophe, AND while setting economic/financial/global warming cap-n-trade deals that we'd take full
Luvcreole 1 year ago
This has been flagged as spam show
@Luvcreole you have no clue if you did you would cringe
dave777blaster 1 year ago
those banks and governments will not have actual hard losses on their books. Losses, if realized/actualized, would certainly devastate the planet's financial and economic system immediately. The E.U. is a good example of this reality, with banks in Germany and France being bailed out with printed money (since the govt didn't have the reserves or economy to tax enough for the bailout) Iceland's govt imploded due to losses tied to the U.S. Greece is in trouble no doubt due to the same issues
Luvcreole 1 year ago
Overall good comments and valid. However, Gerald and Peter often miss one important dynamic in this ugly situation. One that I assure you, the powers that be are aware of, and that is why they arrogantly continue with this mad game of chicken. The reason why our debt is still being funded (and why the dollar is still the world reserve currency) is because of our existing debt already on the balance sheets of banks and governments around the world. So long as we're solvent..or treated as such
Luvcreole 1 year ago
Discharging a debt with cash, into a future date and using set off to effect payment. Your knowledge is at a high level. Let everyone believe what they want. For anyone interested in learning the difference between democracy and republic type constitution class. Watch Michael bardnick
julianmck 1 year ago
@thered702 actually you are right in every post. I don't think it helps you to get angry at other people. Money is reffered to as monetized debt in the federal reserves modern money mechanics. I think you're way ahead of everyone on this. No one understands the difference between
julianmck 1 year ago
YOU ARE THE MAN!!!! I Will only add "BUY GUNS AND LOTS OF THEM" AND KNOW HOW TO USE THEM!!!!! I AM MOVING TO ALASKA SEE YA THERE!!! OR SEE YA LATER.............
ayerjake 1 year ago
This guy is honest......Quit shopping at Wal Mart people. China is killing us.
BEERLIGHTBROKER 1 year ago
put your faith in jesus christ and you will be saved through the times to come.
you are actually correct in what your saying however you dont have jesus in your soul and that means you are a lost soul.
find the Lord in your heart today.
read john 3: 3 to 16 and be saved before its too late!!
pureinheart777 1 year ago
edmondov --- IF USA fails world fails ,,, hahahahaha YOU are Wrong 100%
Acctually world would be better off if they let USA fail ...
It is quite the opposite , Lets say you are lending me money , and I do not pay am I good for you ... ha ?
China always can buy GOLD with dollars they earned , Europe China ASIA save their money , in Europe people OWN their houses , in USA it is all under loans ...
aviomaster 1 year ago
amm as long as they keep teck and new inventions from the public we are never going to get out of this. If the government would allow us to have the teck it would create new industry. Like computers in the 80's, lazer teck, fiber optics, and the list goes on where this stuff was secret then released to public. Now we Do have some crazy stuff we can do yet you will NEVER get to see it, and we will never progress because they are holding us back by telling you what you saw in the sky is not real
FridaySternShow 1 year ago
like this dude
to4the2end0 1 year ago
We've gotta dump the dollar before it's too late. Debt slavery sucks. Support:
HR 4248 Free Competition in Currencies Act
LibertaerUeberAlles 1 year ago
Obama...Hire this man!
OzClawhammer 1 year ago
right on the money sir! Good vid!
soundzero 2 years ago
This has been flagged as spam show
Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.
Blessings as you seek truth
Ben
2besavedcom 2 years ago
its all due to government control. when people get scared they give up there rights. wait to see what happens just before they bring in the v chip to be implanted in us.
kthanxbye33 2 years ago 3
Actually it is due to common immorality beginning with the average American, like you and me. We (as a whole) refuse to be responsible for our debts, or our actions. We dump our debt on our lenders, who dump it on our government, who sell it to China. Few people have lived within a budget at all, for about the last 25 years. Do you not think there is a consequence for this? China won't have to nuke us. They already own US. We will be a puppet country run by socialists in about 12 months.
micbaca 2 years ago
dont believe the nwo scam
dow is rising but losing value - why? cause the dollar is falling and falling.
Wittmann73 2 years ago 4
People get ready for their is a TRAIN a comming. If you don't staop it now in it's Tracks, you are going to see the Biggest wreck you can imagine. No I take that back you cannot imagine.
2setufree 2 years ago 2
I'm a contractor just outside Washington DC, and when it is slow here, it must be horrible where you don't have the big government money spending machine. Most people around here have government jobs, full health insurance ,and have no clue what hard times are. You can fuck up all day and still not get fired with a government job.
eatsomedog 2 years ago 2
@eatsomedog... you are so right! thats the probelm. No accountability! If you have a government job, you will never get fired! EVER! No matter how bad you screw up. So we continue to have the same morons running things.
obxguy1 2 years ago 2
The main value of a citizen is labor.
A citizen that does labor for free is ideal.
Slavery.
msbensucks 2 years ago 5
ill bet if you start looking for jobs on careerbuilder and monster you will find that you (like everyone else) is getting spammed with "become a police officer" or "police officers needed"
funny how the only people hiring are military and police. the outlook is not good. tyranny is in full swing.
FFCS2009 2 years ago 2
thats a good point that is what i'am seeing on the job banks online for canada
2829lordcooler 2 years ago 3
really, so Canada getting ready for police state?
jrockstarking 2 years ago
I don't know why some idiot thumbed down your comment. I see the spam all the time. Thumbs up from me.
JOHNNYH8STHENWO 2 years ago
These links: Fema camps, National debt, etc... need to be posted on the vides comment lines for all the stupid nonsense crud like Brittny Spears and the realted as well as all the others. The word is in a bubble and needs to get out and turn some lights on inside the typical sheeples minds.
Dejavu12321 2 years ago 3
The banks have in excess of 1 quadrillion in faulty derivatives
this debt will be assumed eventually by the people of America.
it may take 25 years or more
America each year will fall further into the abyss.
dave777blaster 2 years ago 2
the gov went BK a long time ago,there is no money its all a slave system,hjr 192.try to devolop some original view points,your in the matrix,take the red pill.
atexascash3502 2 years ago
Hey, you're a smart guy.
Good for you for looking up some facts.
Do the same thing with swine flu.
Then the Federal Reserve.
Then the Bilderberg Group.
Now the picture is clear.
Thankyou for posting.
Nicely said.
MadCanada597 2 years ago 2
You sir, are right in the MONEY. Good to luck to you and thank you for your well presented thoughts.
Bayraider77 2 years ago 3
a government goes bankrupt, ours that is. When a single person goes bankrupt they give it all up and wait to start new. A government will start new with not needing us humans and kill as many as they can for we are the debt payers. We dont pay we dont matter. They gambled on us and lost. Pawns we were and dead we will be. Im sorry but its a game and the united states lost. see you all hopefully sometime in the reincarnation.
keetlemeetle311 2 years ago
I believe there is an opinion, maybe it's fact, that your Government is already bankrupt, as is ours in the U.K. Each person is valuable to the government for one main reason because upon your birth they took out a bond in your NAME and use you as collateral and a surity against their loans from the central banks.
kookie888 2 years ago
You're wrong to think like that...it's just that we're subjigated through divisive nationalism, patriotism, and different religions.
What's needed is to create an awareness of this division.....leave it behind and in huge numbers all over the globe inform others of what is needed: a resource based economy and social system. It is sound and can work...all is needed is huge numbers of us supporting it all over the globe.
Zeitgeistmovement/Venuspoject
blaziermissy 2 years ago
i also work in the construction industry. I went from $23.00 hr to $18.00 and im still holding on to my job by a thread. Good video keep up the good work.
SILVERSURFING514 2 years ago
Feelin that
kookie888 2 years ago
When we begin to let the Godless rule God's Country most of our problems started to become clear. We say we believe in God we trust but our actions say otherwise. This will not work neighbors.
Transparency and Hontesty by Government is an Oxymoron. Only when we return to By the People for the People will we return to being a great nation I appreciate your perspective from the once Great state of California. Blessed be all patriots that trust in God.
Bigdawg3433 2 years ago
AMEN to that, brother! I live in northern CA, too, and I hate it! It's a one-party socialist state & the dumb-dumbs around here just love it. It's all GIVE ME GIVE ME all the way. :-(
ProphetLuong 2 years ago
The Roman Empire slit its own throat partially through exploding deficits (just like us). Roman citizens became so accustomed to "civilized" living that they demanded more and more comforts at the expense of the treasuries because they felt entitled to it even though it was bankrupting the state (Guns and Butter, New Deal, etc.) While barbarians were at the gates or Rome, citizens still wanted to be entertained (bread and circuses) while the US is broke we want brand new cars.
chuska8383 2 years ago 2
Susy Orman says we all need to start living on 1/2 incomes. If we have any left. As far as how much US debt there is?? I have heard they are most likely more in the $500 Trillion zone and hoping we never find that out. I believe Gerals Celente has the best proven track record ot all. Follow him. Great video by the way....5 Stars.
boltville 2 years ago 3
susy ormans is an idiot . se says constantly "rich people don't buy gold" "only fools would do that!"
ya honey we'll see
crabtrap 2 years ago 8
God only knows what Geithner promised the Chinese on his little visit with them to secure their confidence in this ponzi scheme. He's probably done sold all of us, our kids and this whole country down the river in order to sell a few more bonds.
Gazerbeam72 2 years ago 2
The fact is that U.S. population is the biggest consumer in the world that makes capitalism work. If the U.S. fails, the world will fall with it. Point is that China and others will continue to lend money to U.S. They have no better choice. thanks
edmondov 2 years ago
Think about what you are saying. America is bankrupt, is getting more in debt each day, and is losing buying power faster than Rome did in the age of Nero. We don't save, we overconsume, and a large percentage of the manufacturing jobs have left this country due to the second highest corporate tax rate in the world, ridiculous (and bankrupt) social program costs, and high tax rates for the individual. To say that China has no choice is absolutely ignorant.
chuska8383 2 years ago
Who is the number one buyer of made in China exports?
edmondov 2 years ago
The United States. The fact is that we no longer have any purchasing power. What happens when the creditor nations no longer have any money to loan? How do we finanace our consumption then? The game comes to an end at some point in time. The question is when?
Economic4caster 2 years ago
@edmondov IF U THINK WE HAVE ANY POWER OTHER THAN A REAL ATOM BOMB TYPE, WHICH I BELIEVE WE DO, YOU ARE BELIEVEING WHAT THEY WANT YOU TO !!!!!!!!!!!
ayerjake 1 year ago
The U.S. is nothing like Rome was. Rome was more like Nazi regime. This country was founded on the idea of liberty and this is why the best minds in the world come to the U.S.
edmondov 2 years ago
So the fact that the US thinks our culture and political way of doing things is so much better than everyone else that we have, under the pretense of protecting freedom and world peace (Pax Romana vs. Pax Dollarium) invaded dozens of countries all over the globe, directly or indirectly killed millions of people...is not reminiscent of the Romans or the Nazis?
chuska8383 2 years ago
It's all headed in the direction of Roman times. Freedom and liberty don't matter when you are left out to dry and nobody helps you get on your feet. The warning has been placed for a long time. this country doesn't produce but masterful schemes to drain the common worker's pocket so, if the common worker buckles, what do you think will happen to the economy? Improve via the thieves in Wall street?
curiousEGM 2 years ago
A country that invades foreign countries to spread "democracy" (chaos in Iraq, deaths of millions, destabilizing an entire region of the world, etc.) while borrowing money from a Communist country that routinely commits human rights violations is no longer a "shining city on the hill" nor does it truly represent liberty. It is an Empire. A ruthless, powerful, and bankrupt empire.
chuska8383 2 years ago 11
@chuska8383 we were NEVER suposed to be a democracy. we are a republic. democracy is evil. sad that you cannot see that democracy is only put in place to tranfer ALL power and wealth to the rich. no democracy has EVER lasted more than 250 years. we are as a country, about 225. do the math. we have been had. its already over unless you gain your TRUE freedom. sovereignty. period. and according to the constitution, we have the right to overthrow the government...except ours they left out.
thered702 1 year ago
@chuska8383 thats why america occupies 132 countries. with over 700 bases accross the globe.
thered702 1 year ago
@chuska8383 Hey i liked your comment. I use to believe in the war and all of that but I have become very suspicious of this government. I cant understand why more of us cannot find a way to uniite and put an end to this madness..Best Wishes
timbuk237 8 months ago
Our empire is beginning to become the fall of Rome then. George Carlin must have been right when he said "this country is finished".
edmondov 2 years ago 2
It's KARMA
junevi2000 2 years ago
You can't get rich by spending someone else's money. You don't accumulate wealth by getting into debt. Have we learned absolutely nothing from the recent past? Has the American consumer truly become so mindless, so lazy, so blind as to not be able to open an economics book or a history book and instead just blindly believe the pure nonesense that is spewed out by the mainstream media which has been incorrect time and time again?
chuska8383 2 years ago 3
You can do everything right are debt free and still have outside forces bring you down i.e. the gov wants us goody two shoers to pay for those irresponsible spenders and slackers. They also want us to go out and spend money we don't have to help the economy.
buzzz121 2 years ago
We only "buy" those goods if we are able to pay for it. The money that we are using to "buy" those goods is borrowed from China. Do you really believe that 3 billion Asians who save and invest in production and whose buying power is increasing won't eclipse our own? I suggest a few books. The New Empire of Debt, The Wealth of Nations, Crash Proof, and the Book of Bull Moves in Bear Markets.
chuska8383 2 years ago
Believe it or not deficits DO matter. We are already 70+ trillion dollars in debt. Paying people off by running a printing press is exchanging goods and services for paper and it destroys economies every single time it has been tried. Period.
chuska8383 2 years ago
Furthermore, I'd like to quote someone whom I think you ought to study. "The economy in its entirety must continue to decline so long as more is being consumed than produced, and some part of consumption therefore takes place at the expense of the existing capital stock." - F.A. Hayek
chuska8383 2 years ago
Not true. Wealth is not measured in terms of money. Wealth is measured in your ability to produce goods and services. Our production capacity in this country has been crippled and our appetite for consumption has left us with a mountain of debt and no way to pay it off. This will come to an end.
Economic4caster 2 years ago 6
The Construction industry is tough, I'm an Architectural designer/drafter in Florida. This was the slowest year ever for me in over a decade. I'm getting clobbered. I might get out of Construction engineering. You make good points about what's happening.
rodolphesimon 2 years ago
@Economic4caster wrong again. wealth comes from rights, which derive from property. you own NO property, you have NO wealth, and NO RIGHTS. david rockefeller did all this for his kid supriem. 2010 now, and its all coming out now.
thered702 1 year ago
@edmondov ... if U.S consumers stopped purchasing goods made by the Chinese and other countries alike, the Chinese will just have to use the goods they make themselves..... the Chinese will survive just fine thank you very much..... in fact, life might be better for the Chinese since they no longer have to work harder to make goods for others who will use them but not pay for them.
1cherrylane 1 year ago
Gerald Celente is nuts, they can drag this shit out for a decade of miserable stagnation. The bulk commodity reserves of the US Govt. are staggering! They have 20 miles solid of copper alone, ive seen the fields. This decline could drag for 5 or 10 years with up to 25, 30% unemployment without breaking the back of the system.
sysopkc 2 years ago
What?! You think the Government can continue running trillion dollar deficits with tax receipts falling through the floor? The bond market will put a stop to this crap soon enough.
Economic4caster 2 years ago
walk on your home live the keys with scharwzinagger and Obama ! i'll find you a nice home in the country on 8 acres for 200k,less job stealing mexicans too
crabtrap 2 years ago
The bond market wont put a stop to a thing, I worked for GMS bonds as a broker for long enough to know that the only thing that will stop US Govt. bond absorbtion will be the day that no one shows up any longer to buy them. The plan is to inflate.
sysopkc 2 years ago
@sysopkc are you completely uneducated? the us has been bankrupt since 1933. and gerald celente has been right on the money. the stuff you say he is crazy for saying has come true since you said he was crazy...now who is crazy? just go back to sleep. or go shopping. big brother will take care of your affairs for you, since you are not capable of doing so yourself.
thered702 1 year ago
@thered702 You dont know what your talking about, you obviously didnt read the post, or are a babbling moron. Your writing a bunch of nonsense indicating you have no education, or fundimental understanding of what your are saying. Your replies are so absurdly factually confusing and/or incorrect its absurd. You need to start thinking for yourself and review your worldview some sir.
sysopkc 1 year ago
@sysopkc ha! i have no education? and let me guess...you went to public school and became the ONLY one to get a good education in the past 50 years? i am a phillosopher. you are a slave. go shopping. big brother has your back.
thered702 1 year ago
@thered702 There is only one "I" in philosopher. Your so fucking stupid it hurts to read the posts. Please learn some punctuation as well. Yes, your clearly an uneducated person or totally ignorant as to the workings of modern economics. Now go away.
sysopkc 1 year ago
@sysopkc interesting. and "your" should be spelled "you're" genius, so i guess once again, im right, we are all stupid and uneducated. that IS my phillosophy, thank you. you just call me names, but refuse to show where YOU stand. therefore, YOU are the fool who just speaks empty words. you put yourself in this place. not me. anger is a fool's emotion. secondary to fear hurt and rejection. you cannot be angry or irritated without feeling one of those first. you have noone to blame but yourself.
thered702 1 year ago
@sysopkc when they adjust credit rating...you think we owe money now...this will crash soon
angrynhpatriot 7 months ago
@angrynhpatriot I KNOW!
sysopkc 7 months ago
@sysopkc i just built a frigin chicken coop
angrynhpatriot 7 months ago
Spoken by someone on the frontline: a regular citizen.
sassylassy526 2 years ago
There is something called as DIS-INFORMATION.
Yeah, maybe Peter Schiff (just example) is genuine; they allow him in NWO channels, that's strange?
Did'nt JFK get himself killed opposing NWO? (cabal speech)
I am not american but indian working in UAE.
I have interest in economy of USA because what you do effect the whole world
silent11shadow 2 years ago
Tim your right...my wife works for 750mil plastic distribution company in so cal...they saw an uptick in june but sales fell right off in july...they have also noticed that thier customers are using excuses again to not pay....recovery has not started yet and good video.... how bout supplying more info with how your vendors/clients are doing in the contruction business...remember, you cant have a recovery with workers being laid off
billyjoebobway 2 years ago
Every dick and harry is now a financial expert and wants to use the current economic crisis to improve their video viewership...hoping one day they can live off the earnings from youtube rather than working their ass of as rest of us do... I listen only to Marc Faber who is a true financial wizard...
me98321 2 years ago
Author of this video believes a lot of in common w/ people like Faber.
dlmaniac 2 years ago
thanks Tim, nice overview
pr0digy11 2 years ago
I dont know anything about you Mr Cap but there should be a credibility test done on all those who oppose the US govt.
Dont run with the crowd people, stop, think and analyze, analyze who work for the system and who are real torch holders of change in us economy. I am talking about ron paul, gerald celente, marc faber, peter schiff, etc who manage vast sum of cash and come on NWO t/v channels.
THINK
silent11shadow 2 years ago
you silent11shadow should think. follow your own advice. the evidence is overwhelming except to those too brain washed to really observe.
Mahalalel3 2 years ago
I think Gerald Celente is generally accurate on the economy, but I think we're going to hit a wall when it comes to energy prices and food production around the same time that the economy tanks. I think these things will multiply the difficulties we face about 10 fold, and you'll see a situation that none of us really could have conceived ahead of time.
veritasfiles 2 years ago
I'll add that the multi-billion "Cash for Clunker" program hurts parts of the economy both by production & service declines. Older cars are in need of new tires, tranmissions, and general repairs. By artifically lowering the price of new cars, people don't visit the repair shops. This hurts auto parts stores, auto repair shops, rebuilding transmission factories, and many others. Once the stimulus is taken away, not only don't new car owners need servicing; people also stop buying cars again.
vimzibaiegh 2 years ago
More quantitative easing on top of the £125billion already injected into the economy. The city saw this as a surprise move, really? I didnt, the media claim the recession is over, I agree because we are going to enter a depression. The mainstream media in the UK have not mentioned the negative impact of QE, its as if printing money out of thin air is a cure, not in my books, its a disaster down the road, in my books you dont get something for nothing.
HarshrealistUK 2 years ago
Extract from the Times newspaper below:-
"The Bank of England startled the City today as it drastically stepped up its campaign to combat the slump after securing a green light from Alistair Darling to inject billions more in newly printed cash into the economy.
The Bank said that it will immediately begin spending an extra £50 billion on its radical effort to jump-start growth by pumping more money into circulation through huge purchases of government and corporate bonds."
HarshrealistUK 2 years ago
10x Tim
guruless12 2 years ago
Just how dim can the debt enablers,China-Japan etc,really be?Are they to do an Arab 1970s style dumber than dumb just sit there and walk all over me stance.Or are they willing to use those treasuries they already own,borrow against them at the Fed Reserve and use that money to but real non strategic assets?Just a thought,but please suggest and alternative scenario.
justjacqueline2004 2 years ago
market oracle reports that the fed is pumping and dumping through the banks...its a 3000 point stock market bubble...maybe MORE...watch out folks...
centervilletn 2 years ago
I am a contractor in NY and I am with you 100% We are in for even a bigger fall soon enough. I saw this coming early 2007 and have been preparing. Contractors could see what is going on because when customers don't spend like they were and also when we are not building like we were 5-8 years ago look out something is going to happen and not for the good!
contractor2425 2 years ago
Fist time watching this guy. I think decoupling happens next thursday during the huge debt auction that is planned.
prasnb 2 years ago
Excellent Tim! Good luck to you and your family.
fal2grace 2 years ago
Its all a bailout bubble.
You are one of the lone voices of reason. The jobs will not come back. Corporations will just have to be less productive, meaning less employees on the payroll.
brown55061 2 years ago
How high do you expect inflation and unemployment to reach?
Scoforever 2 years ago
5*! great vid! thanks!
every3600years 2 years ago
Everything you need to buy starts with a 'G':
Gold, Groceries, Gardening supplies and tools, Guns 'n ammo, Generator and Gasoline...anything else?
Jpiedro 2 years ago 5
Ganja!!! cant for get that ... definitely more valuable than greenbacks, and gold, and groceries ;)
dankeewolnir4042 2 years ago
I just bought a new guitar :D
You're right though, gold is the way to go right now...
terpalurp 2 years ago
Don't even want to think what the next callapse will be like!
bennmug 2 years ago 4
good info.. focus and prepare. there is no easy way out.. the stock market is the only illusion left..
navtel 2 years ago
All the bad real estate debt should be purged from the system by 2013 (Alt A, Prime, Commercial). I would suggest renting a house, taking the extra cash and buy gold and silver, a years worth of food, and ample protection for your family....
johnservo 2 years ago 2
wb!
StMin85 2 years ago
Good vid
samsontiger1 2 years ago 2
TIM GREAT TO SEE YOU BACK!!!!!!!!
MRICONMUSIC 2 years ago 5
Taylor, Bean and Whitaker shut their doors today. 17th largest lender in the US. I didn't even hear about it on the news, just through real estate channels.
NOSYRB10656 2 years ago 2
Next week the US gov't goes to the bond market to ask for 75 billion. It will be very interesting.
If there is one single thing the US can do to get better after this plays out (about 8 - 12 years from now) is to pass a law to limit electoral spending. The need to raise money to get elected is at the root of all the problems.
Good luck.
rlhillier 2 years ago 3
I'd say you pretty much covered it, now we will have to perfect the message down to a simple phrase that can be written on the head of a pin..... we are all going to need to develop ways to entertain ourselves other than shopping in the near future, I'm taking up engraving on the head of a pin! (for a small fee) ;}
Rezist01 2 years ago
Excellent and timely input. Thanks. ( Just watched a network business media hostess fall all over herself when peter Schiff said the word "depression". She literally physically pushed him to hush him up...with a pasted smile to camera.)
rexoid 2 years ago
how bad is it there ?????????? & should i buy my first house now or not??????? i'm in Indiana and a union carpenter, what do u think get back asap please!!!!!!!!
kirkman79 2 years ago
buy food for a year, buy gold,
we still have alt As coming and commercial real estate is gonna hit hard + banks are holding foreclosed houses of the books, china wants us to pay loans back in yuans,
goldmansucks is fromtrunning stocks, silver and gold suppression is still going on, government manipulating stocks . aw gee everithing is possible in the USA
1mealperday 2 years ago 4