World Economic Update - It's All Bad - Nothing is Improving

[syalcin123]

Japan issue is serious but they are not governed by zionists so unlike US their politicians will try to do best for them

[MrThriveAndSurvive]

@syalcin123 They are very slow to report information though. I really do feel that everyone on that island should be preparing to leave permantly.

[ytgv3fc7]

@WhoShotJRBobDobbs my oh my. I figured something was a little "too easy" about this set-up type stuff Jesse Ventura had pulled off with certain "banking executives" on one of his episodes about wall street.

[nextdimensions]

From what I saw in the film The Corporation Nation, by Clint Richardson, the audit the Fed is already done, it's done every year and shown via the CAFR (comprehensive annual financial report) required by all major corporations to be filed. Yes the Fed is a corporation, and so is USofA, and every State and municipality, they are all corporations that file CAFR's. You should see some of the holdings of these corporations, for example the amount of GE Stock that the company called FLORIDA holds.

[MrThriveAndSurvive]

@nextdimensions GE mat be Satan's representative corporation itself along with the Goldman Sachs of the world. The good news is (for those who know what I mean), their reward is already received. Understanding that is great news!

[SirTrouserRuffles]

I have a regret..... I have only just discovered your excellent channel !

[MrThriveAndSurvive]

@SirTrouserRuffles Hey, very glad you did! Better late than never. Welcome and please keep commenting. Thank you for the complement.

[ytgv3fc7]

@WhoShotJRBobDobbs I noticed that - I dissected the total lies of the Zeitgeist Moving Forward propaganda movie and Ruppert in the end there is just disgraceful. flat out lying, trying to scare people into taking easy answers to propaganda lies. Zeitgeist = super global nazi terrorism. Ruppert openly supporting this makes him an extreme danger to all safety of all peoples in the world.

[MrThriveAndSurvive]

@ytgv3fc7 Wow! From this comment and the one from WhoshotJRBobDobbbs, who can you trust? God alone?

[ytgv3fc7]

@MrThriveAndSurvive I'm afraid since I don't believe in any god I'll be stuck trusting only the evidence I can prove and not a single person

[lrinax]

Spot on. I hold physical god and silver. Have for over twenty years. Silver was high a month or two ago. 58 I believe. I am going to buy "junk silver" tomorrow. It will buy a loaf of bread if it comes to it.

Thank you for all of the wisdom you give so freely. Free is not without value mine us all. Greece is in the same place the USA is. This is global. The KNOWING of what is going on gives us lack of fear. Thank you for getting rid of the rear. Thank you for being.

[lrinax]

Spot on. I hold physical god and silver. Have for over twenty years. Silver was high a month or two ago. 58 I believe. I am going to buy "junk silver" tomorrow. It will buy a loaf of bread if it comes to it.

Thank you for all of the wisdom you give so freely. Free is not without value mine us all. Greece is in the same place the USA is. This is global. The KNOWING of what is going on gives us lack of fear. Thank you for getting rid of the rear. Thank you for being

[MrThriveAndSurvive]

@lrinax Glad to provide the info for you. It sounds like you are on top of everyhting and know exactly what to do. Thanks for contributing your comments.

[MrThriveAndSurvive]

@macfin88 I have the feeling that if it is true (likely) , China will build factories there to build these factories that produce goods at super low prices. Now they won't have to pay to ship it half way around the world.

[bruno188home]

Thanks for report, when do you think this short period of deflation will take place, do you think it will coincide with this debt ceiling increase debate. there seems to be bad news from financial press, i wonder if they are priming things so as its easier to say look how bad things are getting, we need this increase.

[nepenthean]

Fed announcement on Wednesday. I wonder if Au/Ag will be taken down Monday/Tuesday?

[MrThriveAndSurvive]

@nepenthean I don't expect anything out of the Fed t surprise this time but who knows, that is when they might just surprise. They have an interesting feat to accomplish. They MUST continue with QE3 (by whatever name). I'm telling you, they MUST! Therefore, what will have to be done to trigger their sudden "surprise" reversal. This is scary because the have to have a face-saving excuse to print more. I'm afraid this means a manufactured event is on its way soon. God help us! cont..

[MrThriveAndSurvive]

@MrThriveAndSurvive (cont.) If Martin Armstrong is correct, We will not see anything below $1510 in gold before we see $5000 gold. Think about that! That means something strong (bullish) for gold is at the door. What will it be?

[nightbladex14]

Forex illegal article from ZH.

article/trading-over-counter-g­old-and-silver-be-illegal-begi­nning-july-15

sorry about triple post. yt rules

[MrThriveAndSurvive]

@nightbladex14 This stinks because I currently have 4 open trades on Forex with Gold long VS USD. I am on FXDD's platform. I haven't been notified by them yet about this. I hope it won't come to them but I bet it will. This is from the unconstitutional Dodd-Frank bill - total stinkin' trash legislation!

[nightbladex14]

As of July 15, trading over counter gold with Forex accounts is will be illegal or something. You're liable if you keep those accounts open

[darrenritt27]

Have you seen Michael Rupperts video where he predicts an economic collapse around July because of the affect the Japanese crisis will have on quarterly earning reports? If you have what are your thoughts on it?

[MrThriveAndSurvive]

@darrenritt27 Yes, I have seen it. I think that his viewpoint is valid but a little narrow. Yes, the hit to corporate earnings will be high & already have been. However, corp. earnings, while important, are well behind government debt worldide, bank balance sheets, OTC derivitaves, etc. as far as impact. Although earnings will cause downward pressure on stocks, those stocks are not the economy. His point is valid, but not critical in my opinion and won't be the trigger for the economic downturn.

[darrenritt27]

The most basic principle about economics i believe is that having a private central bank is a death sentence to any country in the long run. Having an entity that charges interest to print your currency means you are pertpetually in debt. Here in the U.S. we are going to default on the debt one way or another. Whether its through printing more FIAT and devaluing our currency or an actual default its inevitable.

[MrThriveAndSurvive]

@darrenritt27 You are 100% correct. My vote is that we'll default VIA currency devaluation by printing to infinity through the Fed's QE program which WILL NOT END untile we are in hyperinflation. At that point, it will be over.

[nightbladex14]

@MrThriveAndSurvive come on SIR. hyperinflation can only happen if they print 2trillion+ a year through QE. and that would occur in 2 years IF QE3 occurs.

ARGUABLY. America is already in technical default and is defaulting right now. It appears as if we can't print anymore money because we spent all of our money and the Chinese are calling in on our debts. It's more likely that the piper wants to be paid NOW!

Things are arbitrarily worse either way.

ANYWAYS...Get rid of your Forex account.

[ytgv3fc7]

@nightbladex14 corn & cotton prices were near 100%. That's already hyperinflation. Hyperinflation is 1000000% assured, you'd need to destroy 5 trillion dollars into nothingness PER YEAR to counteract it at this point. You won't see that happen.

[MrThriveAndSurvive]

@nightbladex14 I believe in the commonly held belief that monetary printing takes (avg) of 18 months to effect the economy via printing. In this case, we are only now feeling the effects from the starting 1/3 of QE1. This is scary considering the inflation already there. The hyperinflation I see coming is not from printing actually. It will be currency induced push cost inflation. Translation=people dump the dollar from lack of confidence and the USDX plummets. Hyperinflation being the result.

[nightbladex14]

@MrThriveAndSurvive i believe that to some degree only IF printing still happens. Which will probably happen. By the end of the year, we'll have 14% inflation. 25% by next year's end. And after that 50% inflation.

The whole point people should understand is that they only wanna duct tape this whole mess until November 2012. After that. All bets are off.

I still see us going until 2015 before we reach our real "breaking" point. That's assuming that Elenin doesn't happen.

[MrThriveAndSurvive]

@nightbladex14 YOu can rest assured that printing will continue. If Bernanke pauses long enough, the people will literally beg for it. I personally don't think Bernanke will wait long though. We'll see how much he can stomach before printing again real soon here.

[theroilsoil]

@MrThriveAndSurvive

Yes, our useless government (non)officials have continually failed us - all of them should end up

in the meat grinder.

No matter what Uncle-Ben does - wait-and-hold or print more useless paper - the situation will now

get progressively worse.

We'll be entering a hyper-inflationary depression - the mother of all depressions.

Precious metals, money, stocks, bonds - all similar whoring materials used to messure

mans "success" in life - will become useless.

[jbzy077]

thanks for the info you spread

[MrThriveAndSurvive]

@jbzy077 You are quite welcome. I enjoy trying to keep everyone up to date on issues our press feels is not important.

[ITILII]

@MrThriveAndSurvive They KNOW it's important, which is why the corporate controlled press keeps the truth away from the people....thanks for all you do, those few of us who want to know what's really true appreciate your efforts

[MrThriveAndSurvive]

@ITILII YOu got it ITLII ! I appreciate your comments and those of the others as well. It is nice to have feedback from like minded people. I can't find this locally anywhere.

[MrThriveAndSurvive]

@jbzy077 You're quite welcome and thank you for commenting.