I agree with you views. I often talk with my friend in the east coast about the future of US. I know of too much out sourcing around me to other cheap areas of the world. I don't believe we have the jobs to bounce back any more. That and much more.
Ron Paul made sense to me before the election. I wish he became the president.
Great point on the standard of living. I've been to a few European cities and towns and most US cities and a ton of US towns. Europe has it good vs the US.
The US is doomed....i would suggest 'if you can afford it' - leave there asap...come to Australia - beaches are clean, decent interest rates for your savings and plenty of girls....oh and there are jobs. The Mining industry is kicking - if you are skilled!
any thoughts on a SHTF civil unrest case where is the Ideal place to live- I live in a Condo in a suburban New England Town. Would prefer a house, in the boonies. Not sure how to hide from the Forien "homeland security' guys. thanx for Great Videos-
With the Bejing Olympics coming shortly, I heard awhile back that AFTER the Olympics, (China is putting on thier best face), China may want some of the TRILLION dollars we owe them. Guess what China--"We don't have it-we spent it, but could you loan us just a little more and then we can still be friends". Interesting to find out China's reply.
I like your economic analysis. It is terrible what has happened to America. Yes, I have notice that people are unable to communicate. I find it quite dreadful spending time with family members, worse is when you try to have discussions about politics. The people running the network are their only source of opinions, and the people seem to think that they should not discuss politics. The people have been enslaved, their minds hijacked.
"We've been reduced to: just go, consume. Go buy as much stuff as you can and pay for it later. And that's going to come crashing down and honestly I look forward to it because Americans need to be humbled."
I feel the exact same way. Decades of living beyond our means have created a way of life that is completely unsustainable. We Americans unfortunately are completely unaware of the world's poverty unless we happen to glimpse a Sally Struther's commercial.
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dude your just falling for the propaganda. look how brainwashed you are. you have a ron paul poster behind you. don't fall for the kid in the candy store routine. it all sounds good at first but paul has no clear solutions. the problem is artificially low rates and government spending. these can be controlled through tougher regulations. but your too brainwashed to understand this.
Presidents are not supposed to have solutions in free market, they are supposed to get out of the way. Regulation is not the answer, I assume your part of the Obama Cult?
how is more gov regulation going to control spending and low rates, you sound like Bush. Just spit out big words and hopefully no one will notice how clueless you are.
In Canada, the retail price of gasoline has gone from $0.60/l to $1.36/l since 2000. An increase of 220%. Taking into changes in exchange rates that's $0.40 USD/l ($1.52/gal) to $1.36 USD/l ($5.16/gal) the actual increase has been 340%. Does this compare to US numbers?
I found a new American pride in knowing and talking. I kind of hope the the American people will hit a all time low living standard imprinted on the back of their minds and we make shour to teach our kids and kids, kids and shut down the bad guy's!
It was only five years ago that Ben Bernanke was introduced to the world at large with his famous helicopter speech about how the Fed could deal with a deflationary environment.
Who would have thought that what passed as humor to a group of economists would be taken so seriously by the rest of the world?
.........when the Nazis attacked the Communists, he was a little uneasy, but, after all, he was not a Communist, and so he did nothing; and then they attacked the Socialists, and he was a little uneasier, but he was not a socialist.
But then they attacked the Church, and he was a Churchman,
TRUST THE FED....They are going to raise rates LOL
Fed's Stern Says Rate Rise Can't Wait for Crisis End
``We can't wait until we clearly observe the financial markets at normal, the economy growing robustly, and so on and so forth, before we reverse course,'' Stern, president of the Federal Reserve Bank of Minneapolis, said today..........
in other words: so what if you lost your job have no credit Spend now..don't pay down debt spend. spend spend.
You are correct. If they thought the banks were going to do great, they wouldn't have outlawed short selling their stocks. It shows that collapse is a potential reality.
Forget what the Fed SAYS, watch what they DO.
As for prices of things, 80% of the small investors don't actively manage their assets, so it's in fund managers hands. These guys just go with the market.
The rich, have a lot to play with, so they are also going with the market.
Based upon the latest data, I'm adjusting my black-scholes model by quantizing the PTB 3rd order derivative and updating the supply side hyperbolic CRB cash out overflow. The P/E elliot wave trade off coefficient is then unarguably negative requiring stochastics to come into play. This results in assets turning into liabilities after the aggregate is quantized. The problem is that when this is coded into the newest 4th order model , I'm getting a divide by zero error.
Now, as Citigroup announced second-quarter results, those off-balance-sheet assets, used by U.S. banks to expand lending without tying up capital, are casting a shadow over earnings. Since last September, at least $100 billion of assets have flooded back onto Citigroup's balance sheet, accompanied by more than $7 billion of losses.
-----
did those $100 billion of assets count toward shadow stats m3? ---- $5 trillion more comming market wide? Why does the shadow stats guy not get this?
As the banks move this $5 trillion back on to there balance sheet it looks like new economic activity and is being counted as such by shadow stats.
The banks balance sheet is expanding but it is not 'new business' new economic activity just moving leveraged business back 'on balance sheet. This is why at first glance m3 seems to be growing hugely but it is not.
That is why I don't put much stock in those m3 numbers. My gut knows economic activity is not expanding.
I met an elderly gentleman in the local pub the other night. Interesting enough... his major was in economics. We were discussing much of this stuff. Course, he was talking way over my head. He didn't forecast anything, but mentioned those following John Nash and he said he laughed when they panicked instead of waiting it out. He also mentioned since I have a boy... he said make sure he gets
I wonder how many people realize what the policies of the Fed, ECB, Bank of England, really mean. Do they understand that we now live in an OLIGARCHY and that the FREE MARKET is simply a SLOGAN. J.P. Morgan Chase got a 30 BILLION BACK UP by the FED! Amazing isn't it! I evacuated Katrina from New Orleans and couldn't believe the MSM telling people that emergency funds were being used by people to buy liquor and plastic surgery.
PS. My friends do see the economy is bad but they say it'll turn around real soon. They actually think the market will go way up. I live in So Ca (LA) and they even believe the real estate market will go up again. I can testify that it is absolutely horrible here.
They say that listening to all this will only become a self-fulfilling prophecy, therefore I shouldn't pay attn to any of this. I just had to share this because I am on your site several times a day and believe what you believe.
You live in a tough area of the country if things get bad. I would go buy a 45 and get real good shooting it and drawing it. You have to prepare my friend.
July 18 (Bloomberg) -- Merrill Lynch & Co. declined in New York trading after the third-biggest U.S. securities firm reported a wider-than-estimated second-quarter loss on $9.7 billion of credit-market writedowns.
ROUND 2
Keep your eyes on the ALT A loans. They comprise 50% more in terms of quantity and average 400k in size. In particular google PAY OPTION ARM. This is a 1.6 TRILLION dollar problem and wil LEVEL the FINANCIALS.
Google Capitalized Interest on Negative Amoritization.
W.. hope you have some encouraging words for me. I feel so depressed. Most of my friends are Christians. They ALL think I'm nuts for listening to any of this. They have no food at home in case of an emergency. They say I should just trust God to provide and not pay any attention to any of this. It has gotten so bad we now avoid each other. I was so happy when I found P. Schiff amongst the bubble heads on cable... my friends all literally hate him. I don't
Prepnow, sometimes you need more than faith, I recently read an article about a little girl that died from diabetes, because her parents would'nt take her to the hospital, their reasoning, "her life is in gods hands.
Faith is good, but don't let it stop you from thinking.
U.K. Budget Deficit Balloons to Widest Since 1946 (Update2)
By Mark Deen and Gonzalo Vina
July 18 (Bloomberg) -- The U.K. budget deficit ballooned to the widest since records started in 1946, adding pressure on Prime Minister Gordon Brown to ease his decade-old borrowing rules.
Is any of the oil going down from not as much used during summer months, ie: School busses and those that take their kids to school in summer months, but don't work, teachers not driving as much, etc. You always see much less traffic here in summer months. It's just not a good time to gauge from at all, is it?
I know one thing... The steady trend "at the pump" for the last few years, is go up alot... then come down a little, go up alot... come down a little, ...go up alot... come down a little...
VV: where are all the videos that you said were going to be coming more often in your last response to me? It's been 2 weeks and not a peep from you with all that's been going on, although now it appears that we are in a bull rally. Bulls rallying over the fact that results were only terrible and not horrible. I was thinking at first that it was only shorts covering. Now I realize that this rally really is just the stupidity of herds and people refusing to believe that is in front of their face.
We are NOT going to "war". Subliminally all we hear is 'war'. As bdc knows, not only am I a history professor and expert trader but a psychologist as well.
..'trade the tape' not how you think it 'should be'.
IMO. Tomorrow after the 'gap' down at the open, we will rally then THEN SHORT. Yesterday was 'peace with Iran', 'DOW 13k' Tomorrow the exact opposite.
ahem, ' Interesting' action just before the bell---
the war drum is just a diversion...keep the people focused on gas and groceries...I think that it might be a reality if all hell breaks loose...to give some of the bandits time to get on their pirate ships and head out...
How far will they drive oil down until the headlines read " Israel attacks Iran !" Oil shoots up to new highs. Then " Monster hurricane headed for Gulf of Mexico !" Oil over $200. Dow suckers rally all the way. We will be testing the lows again soon.
say Henry Gabriel Cisneros interviewed tonight and he is recommending that the gov bail out fannie and freddie..."to forestall" more serious economic problems" forestall is an unusual use of words...to DELAY...to PUT OFF TEMPERARILY ....too many people are using words that should be seen as signals but are being ignored...he would now however speculate on how much worse things would become because that would be "irrsponsible"
you are right when my customers(debtors) Fail to pay me my money on my note on the car that they buy from me for which I hold the title, guess what happens the collateral comes back to me their loan grantor(me). Gentelmen sadly I have become semi wealthy from this.I wish I had the printing press like heli Ben. Then we are talking super windfall!!
It is most typical in our world today to deny reality in any and every way we can. When our world seems to be falling apart many cope by pretending that it's not, thus reality sneaks up from behind even though clear trends are well visible. There are painful realities to be confronted in life on individual and collective levels. It is unfortunate but true that people prefer to deny both their feelings and reality and this lands us in a whole lot of trouble.
Jim Cramer, who always believes there is a bull market somewhere, wrote in New York Magazine, "But this time it's different; it's doom itself. In 25 years on Wall Street, I have never seen things this bad. Sell everything, nothing's working."
As long as the investment banks and brokers were making money engaging in naked shorting of stocks, there was no problem. However, when the bears began using the tactic against the big financials, it became time to selectively enforce the existing regulation.
"The path of the rightous man is beset on all sides by the inequities of the selfish and the tryanny of evil men. Blessed is he who, in the name of charity and good will, shepards the weak through the valley of shadows". -Eziekiel 25:17
Barclays Capital agrees with Cramer's assessment of inflation. It is now predicting that headline inflation will spike to 5.5 percent by August, and the Fed will respond by increasing interest rates six times before the end of 2009.
The Consumer Confidence Index is also near all-time lows.
what will be the "work around" for shorting on the financials?...im sure someone is figuring out an angle...got any ideas...im the sort of person who likes to see how to bend the rules...
Here is the shorting curb list of the emergency SEC action. Shorting Curbs BNP Paribas Securities Corp Bank of America Corp Barclays PLC Citigroup Inc Credit Suisse Group Daiwa Securities Group Inc Deutsche Bank Group AG Allianz SE Goldman Sachs Group Inc Royal Bank ADS
(vision)I'd like for you to do a video on explaining some of the terms you use such as CPI, Speculators, and calling in shorts. This would be very helpful to me. Otherwise I'm lost when you go beyond the Federal Reserve :) It's been just recently(3 years)since I really came to understand the Federal Reserve. I'm 55 now and until a few years ago, I never really understood inflation. Hopefully you'll decide to make a video that explains things for me. And I know there has to be others that don't.
but really folks...those of you who know the game...anytime you can direct us to a graph it is very helpful...pictures say so much..especially to those of us who came in on the short bus
Coca-Cola Falls; Profit Drops on Bottler's Writedown
``North America is just a tremendous problem,'' Tom Pirko, the president of Bevmark LLC, a consulting firm in Buellton, California, said in a Bloomberg Television interview.
Sales have been rising in China, India, Russia, Brazil, Eastern Europe, Turkey and the Philippines, led by the company's flagship Coca-Cola, then-President Kent said during a conference call in April.
Hi vision...I really like checking out your videos. I'm in need of understanding some things you talk about in your videos. I have realized that if you don't understand the Federal Reserve you may as well go to another channel because you will most definite be lost on this channel. I need to understand more of the market, I do understand very little I admit.
Here's an idea. Each time you hear a term you don't understand, stop the video--write it down. Then plug each term into Google for some quick lessons. You'll be surprised how quickly you can catch on.
Then watch any of these videos again with your notes. The ideas will spring to life, I'm sure.
After that, explain to others (as many as can) what the videos taught you. Doing that will take you to a whole new level + will help them!
vehicle, I THINK I know somewhat about shorts. Is that for example, when you call a broker and buy stocks that are actually accountable through someone elses holdings by certificate(a stock that's not actually yours to buy, belonging to someone else, loaning the stock to you)? If I'm correct about that, I'm not sure when the institution decides when to call them in. I'll try as you suggest and see how that works for me. It's going to take more self educating on my behalf.
a good picture that has helped me was to look at the dollar index graph over the last 3 years....down, small hump, down, small hump, down.. and we're lined up for a down...at the end of the month...
just over the last year....10% a litte at a time... on two month cycles...ist like someone is cashing in on a regular basis...it is a very clear pattern...too predictable to be accidental
it has to be frustrating for those of you who lived and breathed the market like some live and breath football...please have give us time...lots to learn in a very short time...this is our first "Stock Market "course..i for one have no clue about trading strategy..
this makes it hard to explain to others like us...because we think every day is a new game...so depending how the market does on a single day confuses the overall picture for the amature...
for those of us who never really followed the mkts..it is very hard understand the big ups and bigger downs ...its like a bouncing ball..first bounce id the biggest...it was just a week ago that it was at 11800...then 11100s then 109s...i think for those of us that the market was never a game we played...we look at it like a sport...4quarter last 10 second comeback...i thnk we have to remember that were still in the first half...with alot of game to go
The news the banks are reporting is very bad. They just beat the even worse expectations that we all know were never priced into the stocks anyway. Nothing is imporving.
Oil is having a very normal and healthy correction.
- Merrill Lynch & Co (NYSE:MER - News) on Thursday reported a much larger-than-expected $4.89 billion quarterly loss because of soured holdings of mortgages and other risky debt, and unveiled plans to sell billions of dollars of assets to shore up capital
Shares of Merrill fell $1.83, or 6 percent, to $28.90 in after-hours trading.
___
How markets react overnight and tomorrow will be interesting.
the oil thing has me confused...i really didnt expect it to be going down ...i figured it would hold around 140-145 for the duration....depending on the iran situation...im not sophisticated enough to figure out whats happening with that...other than the 2% i say its more than 2%...its more like 10 percent...and a drop in prices is a BAD thing...because that means consumer spending is far lower than reported.
centervilletn what you've seen for the last two days is short covering, traditional bear market rallies. oil doing a pullback before going to the moon. dow doing a little rally before it heds down to 10,200.
thanks for the enlightenment...i took economics in univ. but it really didnt give much on the stock mkt...generalities...i figure that we will have a break from bad news for a week maybe two..before we get word of another major bank failing...
I hope so, i have been telling friends and relatives that the date is between Sept 08 to Feb 09. I got them stock up and scared them real bad. I don't want to be wrong. I want to be able to tell those who didn't believe me "I TOLD YOU SO" LOL
You guys know who David Walker is right? He gave an interview in 2002 that USA will have no ability to service debt by 2009. Also he said if BUSH-Cheny get elected for the second term ... USA is over. Of course, he didn't realize that Iraq war was to take place and that US was increasing debt ceiling few times since. I wonder what he is thinking now on the subject.
kelvin David walker was interviewed last year by glenn beck when he was still the cheif of the gao(government accountability office) he was running around for a year telling congressman and the press that they were going to have to cut back massively and start taking care of our debt but no one listened. he told beck that the only way to get out of this was to take the income tax up to 100 percent all the feds can do now is buy time.
July 17 (Bloomberg) -- Tomatoes sold in the U.S. are safe to eat again, according to the Food and Drug Administration, which lifted its warning about the risk of salmonella contamination.
Yay tomatoes as well as the economy is safe again!
to be honest ....he told everyone....without saying the D word of course...but still he sent the signal ....its like when someone shows you their baby...and its UGLY...and you say...he has a nice round head....so Berney says...uncertian, challenging and difficult instead of ...we are on a collision course with an economic astroid...
Thanks... I just think they are successfully buying more time and that Sept 08 to Feb 09 prediction is not going to come true. But Sept 09 to Feb 10 is another story.
I believe the collapse started March 2008 and is now on going. I just think that when the stock market crashes between sep 2008-feb2009 the collapse will accelerate uncontrollably. So I guess, we can call it the big collapse will occur then. :)
Predictions of timing aren't important. Being prepared is important. Pay down debt, stock up on food and convert cash to assets that will maintain value. You could easily wake up to a significant drop in the dollar, spiking oil and commodity prices and a 1000 drop in the DOW. Could we also be at the bottom? Possibly. However, Fannie Mae/Freddie Mac, Indymac and more to come would clearly indicate otherwise. PREPARE.
Some1 was asking about David Walker earlier. He was on glenn beck again tonight. He says a collapse will be by 2040 if we don't do anything. But, he's about 3 decades off.
3 decades off? WOW... if he said in 2002 that 2009 will be it, now 2040? dammm what changed his mind? If 2040 as he said, then there is nothing to worry.
It should also be noted that volume for the last two days is WAY LOW. No one believes this thing, these rallies are for the pro's as they buy into it and then pick up there shorts at 11,750.
Our country is very very vulnerable right now...if some nutcase blows something up or the unthinkable happens...another terrorist attack...the whole economy will implode...and not only us...but they know it too...we have exposed our belly...
What I see hear is a possible relaxation of the people. Everything looks good now, stock market back on the positive and then the ball will drop. Make the people feel comfortable and that everything is okay. Easy to get them distracted. They have been doing this for many years my friend.
a slow decline over several months is preferable to the bottom falling out in an instant...more people will land on their feet if this can be prolonged...
It's everywhere evident what they are doing. Media, numbers, words... You can follow the media and know what it's going to do next. They focus on how good things are, then next day, plummet city. People panicing, oh wow, numbers up the next day.
They will make things look good for awhile, although, not sure how long they can hang on.
Also, soon, even they will be shocked. I think there will be something no one expected, but I just can't figure it out. Can feel it though.
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We all worry about you VisionVictory.....
Honestly, you will be one of the first that gets rounded up and thrown into the FEMA camps.....
You, Alex Jones ( and Man Of Truth)....
We believe what you are doing is wonderful, but you are asking for them to take you in the night!
We worry that just because we watch you, we will have our doors bashed down in the middle of the night, and be shoved into a camp........
For Gods sake we all need to be careful!
DeathOfTheDollar2010 2 years ago
I agree with you views. I often talk with my friend in the east coast about the future of US. I know of too much out sourcing around me to other cheap areas of the world. I don't believe we have the jobs to bounce back any more. That and much more.
Ron Paul made sense to me before the election. I wish he became the president.
connecttube1940 2 years ago
Ron Paul is the only Good politician left, the rest can burn in hell. Thanks for the vid.
rwgam223 2 years ago 3
I never seen this vid, but real good words! I stopped listening to TV years ago.
Arginine88 2 years ago
just reminiscing on an old vid!! good stuff!
hermbilliamherm18 3 years ago
nice call on oil dropping!!!! i was surprised to see how fast oil dropped $1, times are near!!
hermbilliamherm18 3 years ago
"wake up and smell the 600 starbucks closing."
Ace, mate. Your vids are markedly different from others describing the same situation. THank you.
nepenthean 3 years ago 5
The grass is always greener somewhere else.
Noahgoy 3 years ago
Great point on the standard of living. I've been to a few European cities and towns and most US cities and a ton of US towns. Europe has it good vs the US.
And don't even start on education.
Paetaor 3 years ago
I agree with you 100%.
He101A 3 years ago 4
The US is doomed....i would suggest 'if you can afford it' - leave there asap...come to Australia - beaches are clean, decent interest rates for your savings and plenty of girls....oh and there are jobs. The Mining industry is kicking - if you are skilled!
dojufitz 3 years ago
our living standards could possibly be lower than europeans if you factor in credit debt to income
1samothrace77 3 years ago
any thoughts on a SHTF civil unrest case where is the Ideal place to live- I live in a Condo in a suburban New England Town. Would prefer a house, in the boonies. Not sure how to hide from the Forien "homeland security' guys. thanx for Great Videos-
chromedreamz 3 years ago
Thanks for the "Affluenza" link.
With the Bejing Olympics coming shortly, I heard awhile back that AFTER the Olympics, (China is putting on thier best face), China may want some of the TRILLION dollars we owe them. Guess what China--"We don't have it-we spent it, but could you loan us just a little more and then we can still be friends". Interesting to find out China's reply.
van1976 3 years ago
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ooiui10 3 years ago
He's right about the U.K. like The States were getting are arse kicked right now
yodasteveo 3 years ago
I like your economic analysis. It is terrible what has happened to America. Yes, I have notice that people are unable to communicate. I find it quite dreadful spending time with family members, worse is when you try to have discussions about politics. The people running the network are their only source of opinions, and the people seem to think that they should not discuss politics. The people have been enslaved, their minds hijacked.
Thankyou so much, and please keep it up.
iammontemonte 3 years ago
thx for the comments
visionvictory 3 years ago
"We've been reduced to: just go, consume. Go buy as much stuff as you can and pay for it later. And that's going to come crashing down and honestly I look forward to it because Americans need to be humbled."
I feel the exact same way. Decades of living beyond our means have created a way of life that is completely unsustainable. We Americans unfortunately are completely unaware of the world's poverty unless we happen to glimpse a Sally Struther's commercial.
Thanks, man. Keep em' coming.
GreenBlazer666 3 years ago 2
This comment has received too many negative votes show
dude your just falling for the propaganda. look how brainwashed you are. you have a ron paul poster behind you. don't fall for the kid in the candy store routine. it all sounds good at first but paul has no clear solutions. the problem is artificially low rates and government spending. these can be controlled through tougher regulations. but your too brainwashed to understand this.
x11115 3 years ago
Presidents are not supposed to have solutions in free market, they are supposed to get out of the way. Regulation is not the answer, I assume your part of the Obama Cult?
BobBrinkerisanIdiot 3 years ago
...hmmmm "tougher regulations"...
Are you a Nazi?
KMSbear 3 years ago
He Gov X House boy, Show me how to protect my wealth from the best administration this Country has ever seen!!!???
Repomex01 3 years ago
how is more gov regulation going to control spending and low rates, you sound like Bush. Just spit out big words and hopefully no one will notice how clueless you are.
visionvictory 3 years ago
In Canada, the retail price of gasoline has gone from $0.60/l to $1.36/l since 2000. An increase of 220%. Taking into changes in exchange rates that's $0.40 USD/l ($1.52/gal) to $1.36 USD/l ($5.16/gal) the actual increase has been 340%. Does this compare to US numbers?
theservman 3 years ago
that's about right... i have heard a 310% increase, so that's close
cowboycarl04 3 years ago
oh well man you guys are always bashing us. am i supposed to feel sorry for you canucks all the sudden.
x11115 3 years ago
I believe it goes "only you are responsible on how you feel".
KMSbear 3 years ago
Well we are forced by NAFTA to sell oil to you at the same bulk prices yet we pay more per litre of gas.
imre420 2 years ago
love it!
ronpaulflash 3 years ago
You are no the money!
The taboo of big topics is the front line!
I found a new American pride in knowing and talking. I kind of hope the the American people will hit a all time low living standard imprinted on the back of their minds and we make shour to teach our kids and kids, kids and shut down the bad guy's!
TABOOVSKNOWLEDGE 3 years ago
To: The Republic of the United States.
Dark clouds are forming...
Headed straight for our hearts..
Looks like it will get a little bit crazy..
Might try to tear us apart...
When the storm blows over...
Only the true ones remain..
If you ever want to see a rainbow, you got to stand a little rain...
-Nitty Gritty Dirt Band
God Bless us all...
taznruby 3 years ago
NEW VIDEO shoud post any minute. Didn't have time to post my vid, "the resistance."
Will post later this weekend, have to run. On my way to see Batman :)
thx for all the support
visionvictory 3 years ago
well said brother.. subscribed.
dshepherd15 3 years ago
It was only five years ago that Ben Bernanke was introduced to the world at large with his famous helicopter speech about how the Fed could deal with a deflationary environment.
Who would have thought that what passed as humor to a group of economists would be taken so seriously by the rest of the world?
TGSIII 3 years ago
sooo... ben was talking about deflation when he mentioned the chopper---interesting.
gut check!!! who has received a raise, new credit and an asset--besides PM's appreciating? hmmm
------------
who is long OIL? sbmillionair?--you are a braver man than I.
TGSIII 3 years ago
Pastor Smith......
.........when the Nazis attacked the Communists, he was a little uneasy, but, after all, he was not a Communist, and so he did nothing; and then they attacked the Socialists, and he was a little uneasier, but he was not a socialist.
But then they attacked the Church, and he was a Churchman,
- but by then it was too late."
TGSIII 3 years ago
TRUST THE FED....They are going to raise rates LOL
Fed's Stern Says Rate Rise Can't Wait for Crisis End
``We can't wait until we clearly observe the financial markets at normal, the economy growing robustly, and so on and so forth, before we reverse course,'' Stern, president of the Federal Reserve Bank of Minneapolis, said today..........
in other words: so what if you lost your job have no credit Spend now..don't pay down debt spend. spend spend.
TGSIII 3 years ago
You are correct. If they thought the banks were going to do great, they wouldn't have outlawed short selling their stocks. It shows that collapse is a potential reality.
Forget what the Fed SAYS, watch what they DO.
As for prices of things, 80% of the small investors don't actively manage their assets, so it's in fund managers hands. These guys just go with the market.
The rich, have a lot to play with, so they are also going with the market.
Small, active investors are like a blimp.
amdura 3 years ago
Stream of Life
The same stream of life that runs through my veins night and day
runs through the world and dances in rhythmic measures.
It is the same life that shoots in joy through the dust of the earth
in numberless blades of grass
and breaks into tumultuous waves of leaves and flowers.
It is the same life that is rocked in the ocean-cradle of birth
and of death, in ebb and in flow.
I feel my limbs are made glorious by the touch of this world of life.
TGSIII 3 years ago
TG,
Bravo , Bravo
Like those words, good to remember.
taznruby 3 years ago
Based upon the latest data, I'm adjusting my black-scholes model by quantizing the PTB 3rd order derivative and updating the supply side hyperbolic CRB cash out overflow. The P/E elliot wave trade off coefficient is then unarguably negative requiring stochastics to come into play. This results in assets turning into liabilities after the aggregate is quantized. The problem is that when this is coded into the newest 4th order model , I'm getting a divide by zero error.
..ahhh.. no rest for me
TGSIII 3 years ago
English?
Astrocreep69 3 years ago
astro, just spouting off. truth be told--half the time i don't understand myself. but i did get some big words in, like stochastics and quantizing.
gotta give me props for them.....)
TGSIII 3 years ago
LOL
Hopefl1 3 years ago
The banks are going bankrupt.
Just trying to cushion their ultimate demise.
taznruby 3 years ago
Now, as Citigroup announced second-quarter results, those off-balance-sheet assets, used by U.S. banks to expand lending without tying up capital, are casting a shadow over earnings. Since last September, at least $100 billion of assets have flooded back onto Citigroup's balance sheet, accompanied by more than $7 billion of losses.
-----
did those $100 billion of assets count toward shadow stats m3? ---- $5 trillion more comming market wide? Why does the shadow stats guy not get this?
TGSIII 3 years ago
He doesn't get it because it's a conspiracy.
mr1fed 3 years ago
TGS, can you please elaborate ,would it not count towards M3?
gods2fight 3 years ago
As the banks move this $5 trillion back on to there balance sheet it looks like new economic activity and is being counted as such by shadow stats.
The banks balance sheet is expanding but it is not 'new business' new economic activity just moving leveraged business back 'on balance sheet. This is why at first glance m3 seems to be growing hugely but it is not.
That is why I don't put much stock in those m3 numbers. My gut knows economic activity is not expanding.
TGSIII 3 years ago
open interest in oil keeps going down. way way down. hmmmmm
i wonder if you could make money
TGSIII 3 years ago
You can always make money,
gotta hustle.
taznruby 3 years ago
.........i wonder if you could make money.........
sorry disregard that last thought.
TGSIII 3 years ago
Of course you can make money, it's going back to $24/barrel;)
mr1fed 3 years ago
mr1fed: we agree on many things. but i don't think it will make it all the way back to $24.
TGSIII 3 years ago
I met an elderly gentleman in the local pub the other night. Interesting enough... his major was in economics. We were discussing much of this stuff. Course, he was talking way over my head. He didn't forecast anything, but mentioned those following John Nash and he said he laughed when they panicked instead of waiting it out. He also mentioned since I have a boy... he said make sure he gets
KMSbear 3 years ago
his eagle scout. He said whenever there is a choice between candidates... the one that was an eagle scout will win.
Little trivia for ya... lol.
KMSbear 3 years ago
I wonder how many people realize what the policies of the Fed, ECB, Bank of England, really mean. Do they understand that we now live in an OLIGARCHY and that the FREE MARKET is simply a SLOGAN. J.P. Morgan Chase got a 30 BILLION BACK UP by the FED! Amazing isn't it! I evacuated Katrina from New Orleans and couldn't believe the MSM telling people that emergency funds were being used by people to buy liquor and plastic surgery.
Don't mind me I'm just VENTING.
coultrane 3 years ago
Oh, that's horrible!
Venting is good for the soul. :)
KMSbear 3 years ago
KMSbear,
Good to see you on.
Another day, another half-dollar. LOL
Hope things are well.
taznruby 3 years ago
Thanks taznruby! Good to see you too. I'm so bummin' because I won't be able to see VV's new vid til Tues. :(
Will be thinking of you all. :)
Keep an eye on the sky. ;)
KMSbear 3 years ago
PS. My friends do see the economy is bad but they say it'll turn around real soon. They actually think the market will go way up. I live in So Ca (LA) and they even believe the real estate market will go up again. I can testify that it is absolutely horrible here.
They say that listening to all this will only become a self-fulfilling prophecy, therefore I shouldn't pay attn to any of this. I just had to share this because I am on your site several times a day and believe what you believe.
PrepNow 3 years ago
You live in a tough area of the country if things get bad. I would go buy a 45 and get real good shooting it and drawing it. You have to prepare my friend.
Astrocreep69 3 years ago
July 18 (Bloomberg) -- Merrill Lynch & Co. declined in New York trading after the third-biggest U.S. securities firm reported a wider-than-estimated second-quarter loss on $9.7 billion of credit-market writedowns.
ROUND 2
Keep your eyes on the ALT A loans. They comprise 50% more in terms of quantity and average 400k in size. In particular google PAY OPTION ARM. This is a 1.6 TRILLION dollar problem and wil LEVEL the FINANCIALS.
Google Capitalized Interest on Negative Amoritization.
coultrane 3 years ago
W.. hope you have some encouraging words for me. I feel so depressed. Most of my friends are Christians. They ALL think I'm nuts for listening to any of this. They have no food at home in case of an emergency. They say I should just trust God to provide and not pay any attention to any of this. It has gotten so bad we now avoid each other. I was so happy when I found P. Schiff amongst the bubble heads on cable... my friends all literally hate him. I don't
talk about this now to anyone.
PrepNow 3 years ago
Prepnow, sometimes you need more than faith, I recently read an article about a little girl that died from diabetes, because her parents would'nt take her to the hospital, their reasoning, "her life is in gods hands.
Faith is good, but don't let it stop you from thinking.
mrfunnyman99 3 years ago
U.K. Budget Deficit Balloons to Widest Since 1946 (Update2)
By Mark Deen and Gonzalo Vina
July 18 (Bloomberg) -- The U.K. budget deficit ballooned to the widest since records started in 1946, adding pressure on Prime Minister Gordon Brown to ease his decade-old borrowing rules.
'smile'
TGSIII 3 years ago
Can't wait for the new vid today!
SilverWealth23 3 years ago
Another thought...
Is any of the oil going down from not as much used during summer months, ie: School busses and those that take their kids to school in summer months, but don't work, teachers not driving as much, etc. You always see much less traffic here in summer months. It's just not a good time to gauge from at all, is it?
KMSbear 3 years ago
I know one thing... The steady trend "at the pump" for the last few years, is go up alot... then come down a little, go up alot... come down a little, ...go up alot... come down a little...
(Sonic SMACK, ok, we get the picture)
KMSbear 3 years ago
So... what does someones credit rating mean after a collapse?
Obviously, I won't be able to keep my wonderful beacon credit rating if I lose my job and can't afford my house and car.
KMSbear 3 years ago
VV: where are all the videos that you said were going to be coming more often in your last response to me? It's been 2 weeks and not a peep from you with all that's been going on, although now it appears that we are in a bull rally. Bulls rallying over the fact that results were only terrible and not horrible. I was thinking at first that it was only shorts covering. Now I realize that this rally really is just the stupidity of herds and people refusing to believe that is in front of their face.
escrotumus 3 years ago
He is putting up another video today.
purenirvana 3 years ago
AMEN AMEN :)
visionvictory 3 years ago
Hope all is good brother... peace be with you.
Astrocreep69 3 years ago
To all:
Remember, the silver lining in this dark cloud is us , The People.
Stay strong and steadfast my brothers...
Good night
taznruby 3 years ago
Bravo !!
taznruby 3 years ago
Laugh a little!!!!!!!!!!!!!
TGSIII 3 years ago
We are NOT going to "war". Subliminally all we hear is 'war'. As bdc knows, not only am I a history professor and expert trader but a psychologist as well.
..'trade the tape' not how you think it 'should be'.
IMO. Tomorrow after the 'gap' down at the open, we will rally then THEN SHORT. Yesterday was 'peace with Iran', 'DOW 13k' Tomorrow the exact opposite.
ahem, ' Interesting' action just before the bell---
TGSIII 3 years ago
the war drum is just a diversion...keep the people focused on gas and groceries...I think that it might be a reality if all hell breaks loose...to give some of the bandits time to get on their pirate ships and head out...
centervilletn 3 years ago
How far will they drive oil down until the headlines read " Israel attacks Iran !" Oil shoots up to new highs. Then " Monster hurricane headed for Gulf of Mexico !" Oil over $200. Dow suckers rally all the way. We will be testing the lows again soon.
pinkcheesegreengh0st 3 years ago
All you have to do is read reports,
and listen, I mean really listen to what the good captain and all of his men say. a wealth of information.
taznruby 3 years ago
say Henry Gabriel Cisneros interviewed tonight and he is recommending that the gov bail out fannie and freddie..."to forestall" more serious economic problems" forestall is an unusual use of words...to DELAY...to PUT OFF TEMPERARILY ....too many people are using words that should be seen as signals but are being ignored...he would now however speculate on how much worse things would become because that would be "irrsponsible"
centervilletn 3 years ago
Trillions of dollars in "paper wealth" have literally evaporated in the last month making
___________________
it is a zero sum game. The 'wealth'--once again---transferred from the losers to the winners.
in the (dis) 'information' 'generation' too.
brazen like--they even call their hand before they play it.
TGSIII 3 years ago
you are right when my customers(debtors) Fail to pay me my money on my note on the car that they buy from me for which I hold the title, guess what happens the collateral comes back to me their loan grantor(me). Gentelmen sadly I have become semi wealthy from this.I wish I had the printing press like heli Ben. Then we are talking super windfall!!
Repomex01 3 years ago
Yeah our "Academic" He speaks and people listen!!!
Repomex01 3 years ago
Trillions of dollars in "paper wealth" have literally evaporated in the last month making
June the worst month for the world's equity markets since the Great Depression. We have now had a serious run on one bank in England
and another in the States and we are still just moving into a storm
that threatens to bring universal doom to our present way of doing
things.
Repomex01 3 years ago
"The US financial networks and media seem to describe the entire set of symptoms that constitute near systemic collapse, without
ever mentioning the potential for collapse," writes Jim Willie. It is interesting to watch the language used to describe current events.
The media feeds our denial to insure that any destined panic and collapse is fall stalled as long as possible.
Repomex01 3 years ago
Ah, but if you listen to The Great Wizard and what he says between the lines, you can hear him say it.
Words like: "uncertainty", "challenging times ahead", "difficulties"...
taznruby 3 years ago
And this is why we need to stay focused on the brass ring gentlemen.
taznruby 3 years ago
Riot in pakistan markets today...check out the story...google pakistan stock market riot...good thing this kind of stuff doesnt happen here....
centervilletn 3 years ago
yet
taznruby 3 years ago
Things on the global scene are breaking down far faster than anyone
fathomed and even the mass media can no longer hide the dangers
threatening us from multiple sides.
VV said it best "A Suckers Rally"
Rising gas and food prices have people across the globe in a state
of fear and shock.
Repomex01 3 years ago
can't really get worse?
It is most typical in our world today to deny reality in any and every way we can. When our world seems to be falling apart many cope by pretending that it's not, thus reality sneaks up from behind even though clear trends are well visible. There are painful realities to be confronted in life on individual and collective levels. It is unfortunate but true that people prefer to deny both their feelings and reality and this lands us in a whole lot of trouble.
Repomex01 3 years ago
Repo,
Good to see you on.
My view is what we call the MTV reality, everything is great, must go shop, shop , till we drop syndrome.
Then, there is the real world, encompassed with dangerous and life-altering circumstance.
The many do not know, nor do some even care.
The "market correction" that will happen is on pace.
The prepared do not worry. The steadfast will remain.
taznruby 3 years ago
No matter how its measured or reported a huge contraction is underway
and even superman, batman and all the super heroes together do not
have the power to prevent this fall. Not even the American government
whose entire budget deficit now goes to paying interest on its nine
trillion dollar public debt. Does anyone smell financial Armageddon?
The 'perfect storm' is coming and it will do a perfect job of
leveling our present economic, financial and political insanities.
Repomex01 3 years ago
Jim Cramer, who always believes there is a bull market somewhere, wrote in New York Magazine, "But this time it's different; it's doom itself. In 25 years on Wall Street, I have never seen things this bad. Sell everything, nothing's working."
JMJprotect 3 years ago
to all.......
google "phantom shares"
watch this video.. and educate yourself about what is going on ... it is about naked shorting...
firethefed 3 years ago
Google
"selective enforcement of regulation sho mish"
As long as the investment banks and brokers were making money engaging in naked shorting of stocks, there was no problem. However, when the bears began using the tactic against the big financials, it became time to selectively enforce the existing regulation.
firethefed 3 years ago
excellent article...looks like we know the next few to crash...
centervilletn 3 years ago
To All:
"The path of the rightous man is beset on all sides by the inequities of the selfish and the tryanny of evil men. Blessed is he who, in the name of charity and good will, shepards the weak through the valley of shadows". -Eziekiel 25:17
taznruby 3 years ago
Merril Lynch reported a $4.65 billion loss in the second quarter. Moody's investors service downgraded Merril to A2 from A1 after the reults.
Also, Merril expects to suffer another $10 billion in pre-tax writedowns.
That is, let me see, $14.65 BILLION that just went up in smoke!!
taznruby 3 years ago
Barclays Capital agrees with Cramer's assessment of inflation. It is now predicting that headline inflation will spike to 5.5 percent by August, and the Fed will respond by increasing interest rates six times before the end of 2009.
The Consumer Confidence Index is also near all-time lows.
JMJprotect 3 years ago
Please disregard comment posted below.
taznruby 3 years ago
Merril reporting 4.65 billion loss due to exposure. Also, Merril reported
taznruby 3 years ago
problems with youtube mail...see i have msgs but theyre not in the box...so if i seem to be ignoring anyone my...sorry...
centervilletn 3 years ago
The market flows, as vision said, with professionals now who know their time is "short"- :)
Everything you see is the "Grand Illusion".
We have "professionals" running the show.
The good captain thinks he has spoken enough words to get us by...for some
taznruby 3 years ago
what will be the "work around" for shorting on the financials?...im sure someone is figuring out an angle...got any ideas...im the sort of person who likes to see how to bend the rules...
centervilletn 3 years ago
3)
This is why the financial stocks... and the stock market are up... for now...
firethefed 3 years ago
Good work !!
Bravo!
taznruby 3 years ago
2)
HSBC Holdings Plc ADS
JPMorgan Chase and Co
Lehman Brothers Holdings Inc
Merrill Lynch and Co Inc
Mizuho Financial Group Inc
Morgan Stanley
UBS AG
Freddie Mac
Fannie Mae
firethefed 3 years ago
firethefed 3 years ago
(vision)I'd like for you to do a video on explaining some of the terms you use such as CPI, Speculators, and calling in shorts. This would be very helpful to me. Otherwise I'm lost when you go beyond the Federal Reserve :) It's been just recently(3 years)since I really came to understand the Federal Reserve. I'm 55 now and until a few years ago, I never really understood inflation. Hopefully you'll decide to make a video that explains things for me. And I know there has to be others that don't.
SouthernLibertyAmer 3 years ago
two salesman I work with have portfolios.
Recieved their statements, both did okay this quarter. One of my drivers also has a portfolio, he is cashing out and buying gold.
Smart man.
taznruby 3 years ago
but really folks...those of you who know the game...anytime you can direct us to a graph it is very helpful...pictures say so much..especially to those of us who came in on the short bus
centervilletn 3 years ago
Now this is bad. just saw this on bloomberg.
Coca-Cola Falls; Profit Drops on Bottler's Writedown
``North America is just a tremendous problem,'' Tom Pirko, the president of Bevmark LLC, a consulting firm in Buellton, California, said in a Bloomberg Television interview.
Sales have been rising in China, India, Russia, Brazil, Eastern Europe, Turkey and the Philippines, led by the company's flagship Coca-Cola, then-President Kent said during a conference call in April.
visionvictory 3 years ago
Hi vision...I really like checking out your videos. I'm in need of understanding some things you talk about in your videos. I have realized that if you don't understand the Federal Reserve you may as well go to another channel because you will most definite be lost on this channel. I need to understand more of the market, I do understand very little I admit.
continued.......
SouthernLibertyAmer 3 years ago
To SouthernLibertyAmer,
Here's an idea. Each time you hear a term you don't understand, stop the video--write it down. Then plug each term into Google for some quick lessons. You'll be surprised how quickly you can catch on.
Then watch any of these videos again with your notes. The ideas will spring to life, I'm sure.
After that, explain to others (as many as can) what the videos taught you. Doing that will take you to a whole new level + will help them!
Godspeed to you, SLA.
loveisthevehicle 3 years ago
vehicle, I THINK I know somewhat about shorts. Is that for example, when you call a broker and buy stocks that are actually accountable through someone elses holdings by certificate(a stock that's not actually yours to buy, belonging to someone else, loaning the stock to you)? If I'm correct about that, I'm not sure when the institution decides when to call them in. I'll try as you suggest and see how that works for me. It's going to take more self educating on my behalf.
Thanks vehicle,
SLA
SouthernLibertyAmer 3 years ago
a good picture that has helped me was to look at the dollar index graph over the last 3 years....down, small hump, down, small hump, down.. and we're lined up for a down...at the end of the month...
centervilletn 3 years ago
just over the last year....10% a litte at a time... on two month cycles...ist like someone is cashing in on a regular basis...it is a very clear pattern...too predictable to be accidental
centervilletn 3 years ago
vision,
looking forward to the vid tomorrow.
Good to go???
taznruby 3 years ago
Yes, good to go. Have some research to finish up, but should post tomorrow.
visionvictory 3 years ago
today is a classic: robbing peter (oil) to pay (paul) financials.
TGSIII 3 years ago
To all:
When you watch a tide commercial 200 zillion times, I can guarantee, almost 100%, that you have tide for the laundry.
The Fed are not idiotic, but very clever.
If the words, "strong growth" and "economic opportunity" are used over and over and over....you get the point.
taznruby 3 years ago
it has to be frustrating for those of you who lived and breathed the market like some live and breath football...please have give us time...lots to learn in a very short time...this is our first "Stock Market "course..i for one have no clue about trading strategy..
centervilletn 3 years ago
good point :)
visionvictory 3 years ago
thanks...but my 4 year old could see the pattern...hes my graph analyst...he says "daddy, its a humpy worm!"
centervilletn 3 years ago
this makes it hard to explain to others like us...because we think every day is a new game...so depending how the market does on a single day confuses the overall picture for the amature...
centervilletn 3 years ago
for those of us who never really followed the mkts..it is very hard understand the big ups and bigger downs ...its like a bouncing ball..first bounce id the biggest...it was just a week ago that it was at 11800...then 11100s then 109s...i think for those of us that the market was never a game we played...we look at it like a sport...4quarter last 10 second comeback...i thnk we have to remember that were still in the first half...with alot of game to go
centervilletn 3 years ago
The banking institutions are basically bankrupt. The system is failing. You can not put a band-aid over a bullet wound....
taznruby 3 years ago
SEC attempting to chase away the short sellers is a desperate attempt, ie band aid on bullet wound.
Ain't going to fix the problem.
gods2fight 3 years ago
The news the banks are reporting is very bad. They just beat the even worse expectations that we all know were never priced into the stocks anyway. Nothing is imporving.
Oil is having a very normal and healthy correction.
visionvictory 3 years ago
- Merrill Lynch & Co (NYSE:MER - News) on Thursday reported a much larger-than-expected $4.89 billion quarterly loss because of soured holdings of mortgages and other risky debt, and unveiled plans to sell billions of dollars of assets to shore up capital
Shares of Merrill fell $1.83, or 6 percent, to $28.90 in after-hours trading.
___
How markets react overnight and tomorrow will be interesting.
gods2fight 3 years ago
I wonder if anything's gonna happen tomorrow (friday) Another suckers rally...or not?
SilverWealth23 3 years ago
check out the video at
thedailyshow(.)com
funny has hell... must watch...
firethefed 3 years ago
great vid excellent recommendation! should be shown on national news coverage...
centervilletn 3 years ago
thx
visionvictory 3 years ago
Yeah thanks for that info bdc03, I am completely new to economics. Nice to have some basic info. :)
purenirvana 3 years ago
the oil thing has me confused...i really didnt expect it to be going down ...i figured it would hold around 140-145 for the duration....depending on the iran situation...im not sophisticated enough to figure out whats happening with that...other than the 2% i say its more than 2%...its more like 10 percent...and a drop in prices is a BAD thing...because that means consumer spending is far lower than reported.
centervilletn 3 years ago
centervilletn what you've seen for the last two days is short covering, traditional bear market rallies. oil doing a pullback before going to the moon. dow doing a little rally before it heds down to 10,200.
bdc03 3 years ago
thanks for the enlightenment...i took economics in univ. but it really didnt give much on the stock mkt...generalities...i figure that we will have a break from bad news for a week maybe two..before we get word of another major bank failing...
centervilletn 3 years ago
Excellent point bdco3. check out the volume as well, no one believes this thing.
visionvictory 3 years ago
I hope so, i have been telling friends and relatives that the date is between Sept 08 to Feb 09. I got them stock up and scared them real bad. I don't want to be wrong. I want to be able to tell those who didn't believe me "I TOLD YOU SO" LOL
Kelvin701Lakeland 3 years ago
Kelvin,
We are in a, lets say, Finacial quagmire.
For 30 years this has been going on, and coming to a "market correction", this is a natural cycle. Purged if you will.
We, the U.S. are in uncharted waters.
I believe, the good captain (Bernanke) is steering the ship through the "fog" at this point with icebergs in very close proximity.
taznruby 3 years ago
You guys know who David Walker is right? He gave an interview in 2002 that USA will have no ability to service debt by 2009. Also he said if BUSH-Cheny get elected for the second term ... USA is over. Of course, he didn't realize that Iraq war was to take place and that US was increasing debt ceiling few times since. I wonder what he is thinking now on the subject.
Kelvin701Lakeland 3 years ago
kelvin David walker was interviewed last year by glenn beck when he was still the cheif of the gao(government accountability office) he was running around for a year telling congressman and the press that they were going to have to cut back massively and start taking care of our debt but no one listened. he told beck that the only way to get out of this was to take the income tax up to 100 percent all the feds can do now is buy time.
bdc03 3 years ago
someone just posted said David Walker now said we won't be in trouble till 2040. That's 3 decades off. He said by 2009, in 2002
Kelvin701Lakeland 3 years ago
Danny you are right on the money.
We see the economy going down sometime in late november 2008,then the complete collapse of the federal government by 2009.
Get ready
suneradio 3 years ago
July 17 (Bloomberg) -- Tomatoes sold in the U.S. are safe to eat again, according to the Food and Drug Administration, which lifted its warning about the risk of salmonella contamination.
Yay tomatoes as well as the economy is safe again!
bankurupt 3 years ago
See? everything is getting better and safe again. Oil under 130 again. We were panic for nothing. LOL
Kelvin701Lakeland 3 years ago
Is the Market being driven down of purpose?
txmelissa 3 years ago
no, it's the main street reality leaking into wall street. Soon it will flood in.
visionvictory 3 years ago
The great show continues...
all of those traders are sinking their hard-earned money into a lie.
the troubles we face are, to use the great wizard's words: "challenging", "difficult" and my favorite; "uncertainty".
If you read between the lines, he actually is trying to say something...
taznruby 3 years ago
to be honest ....he told everyone....without saying the D word of course...but still he sent the signal ....its like when someone shows you their baby...and its UGLY...and you say...he has a nice round head....so Berney says...uncertian, challenging and difficult instead of ...we are on a collision course with an economic astroid...
centervilletn 3 years ago
fine and dandy* lol!
sbmillionair 3 years ago
I think people misinterpretted kelvins post, because i know i did. I thought he was saying everything was dandy and fine.
sbmillionair 3 years ago
Thanks... I just think they are successfully buying more time and that Sept 08 to Feb 09 prediction is not going to come true. But Sept 09 to Feb 10 is another story.
Kelvin701Lakeland 3 years ago
Look at the data my friend; we are in the collapse today. The matrix is breaking down.
I hope you don't think I'm being hard on you kelvin, but you are one of the regulars and I feel like know you since we chat so much.
take care:)
visionvictory 3 years ago
you are cool .. always are. :) Still think the collapse coming between Sept 08 and Feb 09?
Kelvin701Lakeland 3 years ago
I believe the collapse started March 2008 and is now on going. I just think that when the stock market crashes between sep 2008-feb2009 the collapse will accelerate uncontrollably. So I guess, we can call it the big collapse will occur then. :)
visionvictory 3 years ago
The only thing driving this bear rally is a correction in oil. IMO.
Astrocreep69 3 years ago
Predictions of timing aren't important. Being prepared is important. Pay down debt, stock up on food and convert cash to assets that will maintain value. You could easily wake up to a significant drop in the dollar, spiking oil and commodity prices and a 1000 drop in the DOW. Could we also be at the bottom? Possibly. However, Fannie Mae/Freddie Mac, Indymac and more to come would clearly indicate otherwise. PREPARE.
mr1fed 3 years ago
Great comment my friend
visionvictory 3 years ago
Great vlog, commentary, research and determination, my friend!
mr1fed 3 years ago
Some1 was asking about David Walker earlier. He was on glenn beck again tonight. He says a collapse will be by 2040 if we don't do anything. But, he's about 3 decades off.
bdc03 3 years ago
David Walker
AKA: "The Lone Ranger"
A+ for effort
He tried.
taznruby 3 years ago
3 decades off? WOW... if he said in 2002 that 2009 will be it, now 2040? dammm what changed his mind? If 2040 as he said, then there is nothing to worry.
Kelvin701Lakeland 3 years ago
Paul Volcker the former Federal Reserve Chairman said in 2005 that the dollar would collapse within 5 years.
visionvictory 3 years ago
This looks like a violent bear market rally
just like VV said. The Dow will jump as people
rush to cover their shorts and sucker buyers in that are looking for a bottom (Bob Pisani). We will be testing the lows again soon. Oil is providing
a good pullback to avg in. One hurricane or more " saber rattling " will push oil north
of $150. Housing still screwed !
pinkcheesegreengh0st 3 years ago
pinkcheese-thx for the observation.
It should also be noted that volume for the last two days is WAY LOW. No one believes this thing, these rallies are for the pro's as they buy into it and then pick up there shorts at 11,750.
visionvictory 3 years ago
Our country is very very vulnerable right now...if some nutcase blows something up or the unthinkable happens...another terrorist attack...the whole economy will implode...and not only us...but they know it too...we have exposed our belly...
centervilletn 3 years ago
What I see hear is a possible relaxation of the people. Everything looks good now, stock market back on the positive and then the ball will drop. Make the people feel comfortable and that everything is okay. Easy to get them distracted. They have been doing this for many years my friend.
Hopefl1 3 years ago
100% agree
visionvictory 3 years ago
a slow decline over several months is preferable to the bottom falling out in an instant...more people will land on their feet if this can be prolonged...
centervilletn 3 years ago
It's everywhere evident what they are doing. Media, numbers, words... You can follow the media and know what it's going to do next. They focus on how good things are, then next day, plummet city. People panicing, oh wow, numbers up the next day.
They will make things look good for awhile, although, not sure how long they can hang on.
Also, soon, even they will be shocked. I think there will be something no one expected, but I just can't figure it out. Can feel it though.
KMSbear 3 years ago