Filmmaker Michael Covel on Broke: The New American Dream

[THERollyboy123able]

I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.

[contactphotographer]

Does Michael Covel trade himself? Or does he just write and talk for a living?

[frankp12345]

@contactphotographer - He doesn't trade - he just passes on what he's learned from "talking" to traders. Pretty crazy that he's making money of that eh?

[Gregoryde]

WAY TOO NEGATIVE about government.

[nottinmatterz2day]

I can't find this movie, where can it be seen

[MarketsandPolitics]

Michael Covel is a weird man with weird ways of describing things.

[scwallac]

Cool, I would watch that documentary. But where can I buy it or watch it?

[Buffalo122333]

@goozdude400

Watch - Keynesian Predictions vs. American History | Thomas E. Woods, Jr.

/watch?v=6XbG6aIUlog

Keynesians are always wrong.

[MarcusCMarcellus]

This guy is a self-important, smartalik ass rehashing what people like Gerald Celente, Lew Rockwell and others have been saying for a DECADE. Assets under management? None. Platitudes per minutes? About ten. Just another nadir of nothingness promoting his little project. "Life is pretty simple"...please. Reason is always so behind the real cutting edge, with their Washington DC consciousness.

[chevydriver1123]

The guys is very cynical about politicians...I love the guy.

[Lexi8888]

GREAT GUEST!

[gneissday]

Inside: "Politicians exist for one reason...to sit in a chair."

[banacek8675]

All these goofs that put all their money in the market deserved to lose it. Its greed. I am happy keeping my money in bank CD earning just barely enough to keep up with the COLA.

[Keyaneth]

@banacek8675 Keep that strategy for the rest of your life then plan to retire very poor and barely able to afford food. Just a suggestion for you read "The Truth About Money" by Ric Edelman. It will open your eyes.

[strongbadXCP]

@banacek8675 The government lies about inflation/CPI. They don't include food and energy in the CPI because it is "too volatile". You can find more accurate inflation statistics from John Williams at shadowstats dotcom. Good luck in your investing.

[xp19375]

Yeah, every politician so far has lied, but THIS GUY is for real!

[yakyakyak69]

@goozdude400

How to choose between Keynesian & Austrian Economics?

Use logic. Is freedom & competition with both risks and rewards better than concentrating power in imperfect humans?

Nature thinks so.  Without competiton, WE would still be chemicals in water.

[ConcernedAmericans]

"Most politicians really add zero value." .....well said.

[pinegrove33]

Phew! Thought this was on Glenn Beck's new book. Looks like a perfectly timed and needed documentary.

[TrendFollowing]

@pinegrove33 This film well before GB book.

[cowboybob3000]

what about the federal reserve??? why do we have middle men bankers handling our money??? this really dissappoints me, they reall arent addressing the truth! AND THE REASON HE ISNT ABLE TO TELL YOU ABOUT HOW TO MAKE MONEY IS BECAUSE THERE IS NONE TO BE MADE!

[anryth]

Peter Schiff better be in this movie

[TrendFollowing]

@anryth The cast is on the website for Broke: The New American Dream

[tmac9938]

jim cramer is a god.

[freesk8]

@tmac9938 Don Harrold on YouTube is MUCH better.

[TainaAtheist1]

Homeownership is still the best option for shelter in the U.S., and Americans need to learn how to participate and vote in government. Think globally; act locally.

[bajoverga]

@TainaAtheist1 I rent and I love it. I let my last house go to into foreclosure, lived 12 months rent free, and now I live in a huge house with a smaller payment. I win.

[scalp340]

this guy is my new hero!!!

[THESHADOWATCHER]

Cat food  they wont be able to afford cat food

[endofnight]

This was a great video but he didnt really mention HOW to make money. I worry about this. I am 28 years old and I want to know how to have enough money when I retire. I have heard that somebody my age should have 3 million dollars when I retire. This seems impossible...

[THESHADOWATCHER]

@endofnight dont feed the best, dont live over your means , safe your hard earner money , buy only what you really need , buy silver and gold if you can , get information for different source , and dont believe every thing that s on the net .. execpt me lol

[Buffalo122333]

"From my point of view most politicians have zero value."

He gives them far too much credit.

[duanescot]

God please tell me that there are not still people who believe politicians, except for a tiny minority, do anything other than pursue their own personal interests, no neither the D's or R's give a rats ass about any of us, well actually they do care about our tax dollars, but thats about it

[djben1977]

The US Government, to me, has turned into nothing more than a so-called boys club (ladies included). It's them, not us. I agree that the main thing on these politician's minds, Republicans and Democrats alike, is how can they win reelection. They all speak with words that they feel we want to hear. Not the truth. With the elections coming up next month, has anyone noticed its all finger pointing. No one is saying anything about how they will fix our issues. We need help!

[CurtHowland]

@djben1977 What you're describing is called "The American System", as promoted by Alexander Hamilton, the driving factor behind the Federal Constitution, which was a successful bloodless counter-revolutionary coup to install British style merchantilism in the US.

[TrendFollowing]

Thanks for the feedback.

[SuperAtheist]

if there were no federal reserve, the interest rate would have been set by the free market.

[nottinmatterz2day]

@SuperAtheist END THE FED

watch?v=6wb99zNjpEY

[dirtbagstatus]

This guy misunderstands gold.It's not an investment strategy,it's a hedge against inflation.Gold has exceeded $1300 an ounce but,not because it gained any value,rather because the currency you are valuing it in has lost value.

[michaelencarnacion]

It seems that everyone wants to blame Wall St. when really its the government that destroys the market by trying to manipulate it and not let nature take its course.

[CosmosPrivateer]

The question you have to ask yourself if you indeed labor for your dollars is how many people can you afford to let feed off your labor?

There are many doing this not just the government. If you don’t actually create or repair what was created you are probably a feeder of the creator’s labor.

[kobe88us]

He hit the nail on the head with this one. That should be an awesome documentary.

[renegade2142]

"From my point of view most politicians have zero value." Wow. Couldn't of said it better. Great video. I will be watching this documentary soon.

[MarmaladeINFP]

Going by this video, this guys reasoning seems simplistic. I didn't gain any new insight from watching. Govt bad and untrustworthy. People stupid for trusting govt. Trust no one. Trust only money. The world is dangerous. The naive and innocent will be preyed upon. The govt will suck your blood and then ask payment for doing so. You will grow old and be miserable as you eat cat food (BTW cat food that is safe for human consumption because the govt ensures it's high quality). Bwahahaha! Okay.

[yougiberishtube]

thumbs up

[GOPsithlord]

This guy is really on.

[Panpiper]

It started with Netscape? This guy needs to do more homework. The Dot Com bubble was 'also' the result of Federal Reserve interest rate manipulations. It did not start with Netscape, it started with the Federal Reserve, as usual.

[mrzack888]

@Panpiper it started with outsourcing. the bubbles were a result of no real economic growth, forcing america to go into bubble economy fake growth.

[dirtbagstatus]

@Panpiper Correct.They been causing bubbles since the 20's.It's funny how people try to argue that we'd be worse off without a privately owned banking system with monopoly power over our currency and interest rates,when the worst economic downturns in our history have been on their watch.

[CurtHowland]

@dirtbagstatus "causing bubbles since the 20's"

Actually, 1795 had a bubble burst, too, pretty much as soon as the Fed gov existed it started printing paper money causing a boom-bust.

Then there's 1819, the burst of the bubble caused by the First Bank of the United States, then 1836 caused by the Bank of England.

The disaster of central banking has been well known for a long time. Read Andrew Jackson's veto of the Second Bank of the United States. It's GREAT.

[dirtbagstatus]

@CurtHowland I was referring to the FED (federal reserve bank) specifically.I've read some of Rothbards dissertation on the panic of 1819 and am familiar with the austrian business cycle theory,but thx for the additional info.

[yakyakyak69]

Watch: "Money as Debt" here on YouTube to learn HOW we got into so much debt in spite of the Constitutional Limitations on Federal power over the States and We, the People.

Also watch: "The American Form of Government" to learn how gov't schools have been lying to us in order to concentrate power in the Washington Oligarchy.

[CosmosPrivateer]

@yakyakyak69

Also watch Psywar on the tube. Will tell you how they do all this.

Open your eyes to the brainwashing your getting.

metanoia-films

[yakyakyak69]

@CosmosPrivateer

NONE of this "consumer programming" could work without easy credit and fiat money both of which are made from thin air.

Watch: "Money as Debt" and you will understand the ROOT of BOTH Consumerism Corporate Manipulation AND Statism concentration and enslavement via debt & fraud.

Again, with REAL money instead of a NOTE for another NOTE, none of this fraud adn manipulation would be possible.

[CosmosPrivateer]

@yakyakyak69

What is real money? Paper backed buy gold (Austrian) or paper worth nothing (Keynesian) all can be manipulated.

So what do we do?

Put the paper aside and the economy is based on consumption.

The real question is how much is left to consume.

[yakyakyak69]

@CosmosPrivateer

Real Money? Read the Constitution! Some things NEVER change.

Fractional Reserve Banking with notes as collateral is fraud just like a Federal Reserve Notes for another Federal Reserve Note.

Remember, a NOTE is a PROMISE to pay something REAL and a NOTE (promise) for a thing is NOT the THING.

The REAL economy is SUPPOSED to be based on SAVINGS and INVESTMENT, and NOT Debt- Currency, Fraud and the Corrupton of Crony-Politicians buying votes with OTHER peoples debt.

[CosmosPrivateer]

@yakyakyak69

Read the constitution??? What the heck has that have to do with consumption?

You’re stuck on the Fed and money when there are other issues far more important.

Our economy is based on consumption where do we go when we consumed it all?

Covel said produce what he really means is consume. If we don't consume our economy is screwed.

I have watched all the videos and read the books. Read Empire of Illusion you may be able to see at that time.

[strongbadXCP]

@CosmosPrivateer "Our economy is based on consumption where do we go when we consumed it all?"

That is the problem. We are paying for our consumption with debt instead of production. We must decrease consumption and increase production, and the only way to do that is to encourage real savings and investment. This means we either need to raise rates or end the FedRes entirely.

[CosmosPrivateer]

@strongbadXCP

With increased production someone has to consume what was produced.

A consumption economy will not take us into the future.

[yakyakyak69]

@CosmosPrivateer said:

"A consumption economy will not take us into the future."

HALF-Truth, HALF-LIE.

Whole Truth: A consumption economy will not take us into the future WHEN that consumption is funded by counterfied fiat debt-currency made from thin air based on a lie, backed by a promise for more counterfiet debt.

Federal Reserve Notes are NOT based on or backed by tangable real property. The Fed is a PONZI SCHEME, a CONFIDENCE GAME.

Watch: "Money as Debt" here on YouTube.

[CosmosPrivateer]

@yakyakyak69

You’re stuck on one thing THE FED.

I have watched all the videos and read the books. Money in any form will not advance our civilization.

It's the same program stop repeating the same shit over and over again.

[yakyakyak69]

@CosmosPrivateer

Unlimited Fiat Currency is the ROOT of ALL Gov't EVIL.

Without unlimited debt-currency, tyranny has NO funding and can NOT get out of control. It ALL starts with Central Banking & Counterfeit Fiat debt-currency.

[yakyakyak69]

@CosmosPrivateer

Constitution affect Consumption?

Easy! The 10th Amendment limits the Commerce and General Welfare Clauses which makes the "stimulus " unconstitutional. That is when we WERE following the law instead of "interpreting" it to grow gov't tyranny, pandering, corruption, debt & power.

Also, Congress has the power to coin money, NOT give that power to a group of PRIVATE bankers (the FED) to print counterfeit NOTES based ONLY on DEBT. No debt, no CONSUMPTION... HELLO, MCFLY

[CosmosPrivateer]

@yakyakyak69



[mrzack888]

this guy kinda look like Alex Jones

[MagnusIan]

@mrzack888 And thankfully doesn't sound like him lol

[S1aptasticSquadalah]

reasontv video 1405 huh?

[MagicMono10]

@ipwnallnubscuzirock Darn you!

[thughug22]

@ipwnallnubscuzirock hey man high five via youtube comment section