As per the China rare metals story, silver will not be in that list. The metals they are talking about are for manufacturing purposes and since China is a very big manufacturer it is in their best interest to hold them. Neodymium for example is used in rare earth magnets, this should be an easy example of the use of these metals. No money involved in this story.
@mycomama Right on Brother. The USSA Government is the puppet of the Federal Reserve as "Federal" as Federal Express. They are the real masters of the universe. People are beginning to wake up but not in large enough numbers. At least we will be prepared for when the dollar goes belly up. The Federal Reserve profits from Congress' addiction to spending. The US Military is funded by the Fed and not by taxes, if it were still funded by taxes we wouldn't be the empire we are.
@thompk12 I guess I am whats called an agnostic (i was raised Catholic)....but saying that a book, the bible, physically written by men over 100 years "after the fact" is the word of god is really pushing it. Where the writing of the bible may have been "inspired" by their love of god....it in no way guarantees truth or accuracy. I mean, every holy book, by all religions, ever written can be seen as divine intervention
If you're over your head in debt, file bankruptcy. Don't give another cent to banks who take our tax money and give themselves bonuses. Search "Bankrupt Is The New Black" and join the movement!
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
Gold and silver are both scarce and historically been used for storing wealth. Silver is more abundant by far but is also comparatively undervalued right now. More people looking to get out of the dollar and store their wealth will be looking to buy silver because they are willing and able to buy some. Gold at 1000$ an ounce is becoming too pricey. The next option, silver will see a huge boost in demand soon and I believe you will see a bigger gain by % in silver. More bang for your buck.
thursday mid afternoon ny gold 991.75 silver 16.03 $ a thousand and sixteen very round numbers spooky stuff.. could see hard sell off or continued move up.. what's your play.. 14 hrs to figure mine ... play hard ... woof..
What would prevent a bank run? 6% money market rates-that's what. The FED could give money to Squeeky Fromme but give bankholders some rates and they'll hold on like a late night snack!
Question?: I am 27 years old and I have combined credit card and school debt of $20K. It will take me at least 3 to 6 years to pay off my debt. At this rate and the current worsening Monetary system, I feel it is not wise for me to spend my money on paying off debt, but yet I feel I should hedge against my debt and just by as much gold and silver I can. I wanted to get your opinion on that possible decision I may pursue...Thanks!
Here's the thing - you miss a payment, and they don't break your legs; they break you another way - they increase your rate to 28%, which doubles the balance in three years. There is going to be a credit card crisis - I see young kids buying cigarettes on credit cards. We need to declare a bailout day of our own. Banks are borrowing at 2% and lending at 28%. Screw 'em.
check this out ..Reported Chinese actions to unilaterally cancel OTC derivative loss debts held by state corporations whereby they purchased hedge contracts written by major American OTC derivative manufacturers and distributors is legally a unilateral novation. A novation declares an item to be invalid. Invalid means not valid. A contract which is not valid infers a form of a fraudulent contract. The banks that sold the Chinese these piles of junk were GS, Wells Fargo, Citi, JPMorgan
I am serious, I see God differently than you do. To me God is the ultimate from of government, God asks nothing of you and demands nothing. God gave us the ability to see what is good and what is not and the REAL freedom to choose without judgment.
I am not going to convince you and do not take this comment as my attempt to do so. It is a statement to help you understand me as well as I understand Christians.
Quoting different Bible verses to support any arguement- Jesus/the flood/holy spirit insipired is NOT circular reasoning.
The Bible is 66 books written by different people who never met each other spanning thousands of years. You can therefore quote different books of the Bible to "prove" divine inspiration because it says that.
Whether or not you believe it is a different question.
Logic is logic no mater where it comes from. Although I must admit I use it to strengthen my argument amongst Christians unwavering faith that the bible is words of god.
My advice to people who don't believe in gold/silver is. At least buy some! If you really don't believe it, fair enough. You don't have to turn ALL of your dollars to gold/silver, but please please at least 10% of your dollars need to be in PM.
The Federal Reserve claims immunity from court interdiction. Any edict from the Court will be summarily ignored by this privately owned, loan sharking entity. The 16th Amendment MUST be abolished once, and for all for America to ever gain it's freedom again.
"Government expenditures are running at 185 percent of revenue, which is like the lone family breadwinner earning $50,000 a year, while the family spends $92,500 a year. With families that do that, it is not too long before the credit cards are cut off, the mortgage is called in and the family Chevy is repossessed."
The FED needs some "oversight" and Thank Heaven this Judge is about to create some. So Micheal Bloomberg is worried about the Judge's decision causing a run on the banks? Little wonder, considering he makes 3 Tril a year - that's hard to stuff in one's mattress.
I especially found Ankel Fekete's article to be pertinent. Again, thanks for your good work.
Thus we have to guess what they will do. I am guessing that if people know their bank is broke they will move their money, and the government will have to let some banks fail.
BUT they can always choose to give the banks the money they lose in deposits or loan loses.
It's not a dumb question, it's only dumb if you don't ask.
A bank holiday was last done to stop all bank runs and close bad banks and restore order. Last time it happened was in 1933 and it took weeks and only a few banks at a time opened.
Keep mind we where on a gold standard and the amount of money was fixed. Today we can create as much as we want, the problem is it's value.
Thus they have a choice print and save banks or let them fail, in 33 there was no such choice.
1. The market will fall in the next few months because the market is currently at overbought stages. Elliot Wave, Technical Analysis, CNBC, conspiracy all seem to agree this will happen. If not, at least we're set for a strong pullback
2. If you look at the correlation between dollar strength and market, it's inversed. Wait for the pullback and dollar will strengthen and commodities will fall.
If you are going to buy precious metal, don't buy now, just wait for the pull back.
forgive me but thats a wrong presuptions. we need to buy them NOW. its will cost much much more in the future. you can trust me or trust your instict but let me ask you this: If you know some ways to save your family from upcoming apocalypse, will you act now or act later?
I highly doubt we'll be having a bank run this year. As you said, people don't realize that gold/silver are money. When they finally do, then consider the bank runs/holidays. Until then, if everyone has faith in paper, they have faith in the banks.
it is just a single judge in Manhattan. It will have to go to the Supremem Court... never happen. Supreme Court has already ruled in 2008 that the Fed Reserve is private and the government cannot interfere.
This may be true but the loans where made under the current laws for the Federal Reserve. In those rules all loans must be disclosed. This is logical since it loans money that does not exist.
However when have seen the government or the supreme court follow the law?
The only way I see if bank run happening is when enough americans start to lose confidence in the currency. It will be a tough pill to swallow and people will fight mentally with the reality the currency they use became or is becoming worthless. Most americans have too much of a vested interest in maintaining false confidence in the USD.
They are playing a confidence game. Internationally they are loosing ground, yet as deflation hits more and globally, the dollar might hang in there awhile. Think in years. High price inflation will put us at greater risk for hyperinflation, yet climbing prices alone shouldn't do it, but the loss of confidence internationally will. Confidence is eroding slowly and surely.
The illusion that the dollar has value will be shattered domestically as World Reserve Curreny status is lost .
The FED is only helping it's agent banks. JPM, GS, C. Agents as in the Presidents Working Group On Financial Markets executive order 12631 (see wikipedia for more). The agent banks are the guys SHORTING GOLD and SILVER for the FED and making your life difficult. When are we the People going to make their lives difficult? Never we are Sheep in the field, stupid sheep.
Would be nice to see a bank run as that may at least help to wake people up to seek & ask questions. Will we continue to be fooled by our own preconceptions, manipulated by the media & lied to by the gvnt into deeper ignorrance? Will not see that this corrupt purpetual debt system will continue to crush the real economy capacity to repay? Will we deny that the train wreck is comming? Many i feel will be happy to even be complicit with this delusional & manipulated world -such is our condition..
Okay so the Fed has to show where the TARP (and other) money went by Mon Aug 31. Their argument against the ruling is that doing so will cause bank runs and collapses.
Yes, they can simply print more money to keep the banks solvent, but this ruling seems to indicate that's no longer going to fly. The courts have done what Ron Paul and 3/4 of Congress couldn't do. The Fed no longer can keep secrets like it could.
I'm with Davinci - get ready for the next volley of brown stuff on the AC unit.
I see public perception and action as a giant pool. We mingle amongst each other and blend together in terms of our habits and beliefs to a certain extent (facilitated by propaganda)
For the most part our thoughts/movements have been confined within the pool but soon the dam will burst. When that occurs we'll all react with great momentum (panic) towards whatever avenues are open to us
I just hope we remember to help each other out when the time comes...
Don't forget, most Americans are lazy as hell. Some will move money between accounts, but most will just let it ride. And also the mainstream media will also have to hype things for a bank run to get started.
Also davinci you falsely assume the bailouts are enough. The banks are still insolvent even after all these bailouts. I know it's hard to fathom because of the mass amount of money in the bailouts but do some research, the banks are still in trouble and need more bailouts.
Banks will need more money in the future as more loans go bad but, not right now unless there is massive movements of deposits set off by a catalyst of events.
Also do you know that the reason the dollar is so over valued is because of it's liquidity. It's like that old Domino's commercial. If they are 30 minutes late the Pizza is half off or free. This is what will happen to the dollar when the banks fail to deliver the FRNs. The FRN will loose value. This is a spit in the face to deflationists who think that an inability to get FRNs will cause prices to drop. No the opposite will happen. Prices will rise and FRNs will be hard to get.
I disagree, the problem is solvency and I'll tell you how this will start. It will start with banks that fail taking longer to reopen then usual. Usually a bank would fail on Friday and be back over the weekend but what will happen is banks will fail and take longer to open maybe a few days, then more banks will fail and take longer to open like a week or two and then the $hit will hit the fan and massive banks will fail at the same time and not reopen for a long time.
It's difficult, my brother took a long time to convince. Start with "money as debt" or "crash course". If they show no interest try letting them know this simple fact money is created out of nothing, the law of physics and the law of economics works everywhere on this planet. If you throw a ball up in Zimbabwe it will come back down if you print to much money it will lead to hyperinflation.
Excellent points. No bank run as long as the printing press runs. Presses can run faster than banks.
I still expect someday to find greenbacks devalued whether it's George or Liz on the cover. Only money in banks will be money until we get our new Ameros.
Obviously that's when silver coins return to real usefulness. However Ameros will then be accepted. Life will go on. Just a bit hungrier. New lamps for old, I mean new paper for old.
Buy all metals. Tin will take the place of silver??
figure out what the Fed loaned to the banks? Don't thinks so I give it a day before some golden nugget comes out after the Fed releases the documents.
I have read all of the Peter Schiffs books, I have read Dollar collapse, and others.
The one that was the most technical and required some basic understanding of the system before your read it but was the most eye opener was the creature form Jekyll Island.
That book shows you via history and their own words that that the bankers are in control. They start all wars and in most cases they profit from both sides and care not who is the victor.
I see it this way. FDIC usually backstops a larger bank in absorbing a smaller one that is failing. This way, control and power gets concentrated into fewer and fewer hands.
I don't see where the Fed has any incentive to let FDIC go insolvent, so, they'll just recapitalize it.
Aktlc...A good investment if you cant afford gold or silver,,is believe it or not,,Pennies before 1982 because they have 1.4 cents of copper..or nickles because they have 4.9 cents of nickle..
So save pennies and nickles if you cant get gold or silver right now..
If there is a run on the banks copper and nickle will go up,,so your pennies and nickles will be worth something,,maybe 20 cents will feed you for a day!
if you want to keep some currency around buy half in USD and half in Euro, this way your purchasing power of the cash is not falling AS fast as the dollar.
There will not be any bank runs because the Fed will print money until the end of time. You WILL be able to withdrawl cash from the bank. BUT will your cash be worth anything? That is the key point to think about. Who will stop the Fed? The U.S Government surely won't. They praised Mr. Bernanke for printing money out of thin air. Capitol Hill cares not...
True, but the problem is not solvency the problem is perception. When I said there would be no bank runs many people did not agree, they have a perception that the money is not there and that leads to bank run panics. If a bank runs dry and it can't be replenished in secret anymore, the jig is up.
Congressman - "Ben, where did 2 trillion go? can you tell me the names of the banks?"
Ben - "NO."
It is that secrecy that keeps the game going right now. With out it all hell will break lose.
yea you are right. everyone wants to be entertained. Things that get missed.....................tv, media. games and i pods and cell phones are creating a cultural change within all of us . quietly and unnoticed. Look at an old andy griffith show, they had a relaxed feel linked to good expectations. The spyche of the people is affected by the speed and ongoing fear s of terrorists and the economy. Time for a change alright!
Nailed it!! Good post. I just used the Andy Griffith show analogy very similar to yours in a conversation I had with somebody today who is just beginning to open their eyes to what is happening. Time for a change.. one we can ACTUALLY believe in, that is! :)
bank runs aren't possible like they were before... the fed has become very lienient on keeping required reserves and also they know they can just print it. There will be no bank runs... just runs on the dollar
Remember the Fed gave out 2 trillion. So let me give you an extreme example. Let say Key bank got $200 billion, that would be more than what the bank is worth or has in assets.
The bank is insolvent, thus big money seeing this data will pull their money out as there is no future where they could pay that back.
Get it?
(NOTE: The understanding between the fed and Key bank is they will never pay it back.)
Big money doesn't keep their money in savings and checking accounts. Savings and Checking only accounts for a small percentage of peoples store of cash/investments...
Especially today, if banks go insolvent the FDIC will do what they did with WaMu.
If there is anything I know is that the Fed and FDIC will do anything to ensure confidence in everything but the actual value of your dollar. There will be no traditional bank run, the only run that will occur is when people fleeUS financial assets
So much propaganda and little to no real facts or transperancy coming from the govt and the banks. the dow has risen significantly but so has unemployment, all the while precious metals prices remain steady. we are living in really strange times where up is down and black is white, where left is right and right is wrong. let's just hope we are making the right choices with our money wether investing in gold or playing the stock market or simply remaining idle.
I have no fear the choice is so clear it's boggles my mind how everyone has been fooled.
Gold and silver IS money. Something real the must be created out of blood and sweet has more value than something that is created by a promise to pay.
Do you know 1 in 8 American a behind or not paying their promise? That's up from the average of 1 in 350. lol
As per the China rare metals story, silver will not be in that list. The metals they are talking about are for manufacturing purposes and since China is a very big manufacturer it is in their best interest to hold them. Neodymium for example is used in rare earth magnets, this should be an easy example of the use of these metals. No money involved in this story.
aztecking21122012 1 year ago
The Federal Reserve owns America,,,,,the government , banks and anyone who has a dollar in their pocket. It's good to know who your gods are.
mycomama 1 year ago
@mycomama Right on Brother. The USSA Government is the puppet of the Federal Reserve as "Federal" as Federal Express. They are the real masters of the universe. People are beginning to wake up but not in large enough numbers. At least we will be prepared for when the dollar goes belly up. The Federal Reserve profits from Congress' addiction to spending. The US Military is funded by the Fed and not by taxes, if it were still funded by taxes we wouldn't be the empire we are.
msungs 1 year ago
This has been flagged as spam show
@thompk12 You are 100% correct.
Check7his 1 year ago
@thompk12 I guess I am whats called an agnostic (i was raised Catholic)....but saying that a book, the bible, physically written by men over 100 years "after the fact" is the word of god is really pushing it. Where the writing of the bible may have been "inspired" by their love of god....it in no way guarantees truth or accuracy. I mean, every holy book, by all religions, ever written can be seen as divine intervention
inkey2 1 year ago
If you're over your head in debt, file bankruptcy. Don't give another cent to banks who take our tax money and give themselves bonuses. Search "Bankrupt Is The New Black" and join the movement!
TheDalliance 1 year ago
But has the gov't forced the banksters to disclose yet? I don't think yet.
whiskerchild 2 years ago
02:29 The banksters are trying to get precious metals with their fiat funnymunny.
Some people in China are putting a stop to it
They're always after real assets with their counterfeiting and ponzi games, and it's about time someone get's in their way
HEREclickPlease 2 years ago
buy from local and mom and pops-
no money to go to huge corporations-
grow your own food/get back to nature-
put your money into credit unions-
loymonteiro 2 years ago 6
What ever you do don't save dollars it's not money.
davincij15 2 years ago
@davincij15 where is the list of banks that got the money from the feds?
hanvo216 1 year ago
god bless you keep doin what your doin
michaeltheman8888 2 years ago 2
Comment removed
DiNatalli 2 years ago
TJ must have had a time machine!
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
Thomas Jefferson
redmolotail 2 years ago
Haha.
I bet those metals you've never heard of are rare earth metals.
Dines recommended them at the very bottom. China is trying to corner the market on those rare earth metals.
fuzzywzhe 2 years ago
Corner is impossible you need to use them for them to have value.
They are just getting their 2 trillion dollars worth of paper money.
davincij15 2 years ago
The attachments to this video are very useful. Thanks.
Cneumann22 2 years ago
Gold and silver are both scarce and historically been used for storing wealth. Silver is more abundant by far but is also comparatively undervalued right now. More people looking to get out of the dollar and store their wealth will be looking to buy silver because they are willing and able to buy some. Gold at 1000$ an ounce is becoming too pricey. The next option, silver will see a huge boost in demand soon and I believe you will see a bigger gain by % in silver. More bang for your buck.
Squarephex 2 years ago
gold 995.60
silver 16.23 $
hope you guys
are getting
some of this ..
a another round of
parsnips
for me and my boys ...
chena3 2 years ago
chena3 2 years ago
Comment removed
chena3 2 years ago
early morn thursday
head over to gold guys
get on the ticks
just poetry ..
asia is liking gold tonight ..
see just how much ...soon..
could be fun ..
980 ...tick tock ..
chena3 2 years ago
Poor Bill Murphy is prolly gonna burst a blood vessel when he gets a load of gensler (name NOT capitalized out of disrespect).
kensho3 2 years ago
What would prevent a bank run? 6% money market rates-that's what. The FED could give money to Squeeky Fromme but give bankholders some rates and they'll hold on like a late night snack!
vimzibaiegh 2 years ago
Question?: I am 27 years old and I have combined credit card and school debt of $20K. It will take me at least 3 to 6 years to pay off my debt. At this rate and the current worsening Monetary system, I feel it is not wise for me to spend my money on paying off debt, but yet I feel I should hedge against my debt and just by as much gold and silver I can. I wanted to get your opinion on that possible decision I may pursue...Thanks!
UniversalMind45 2 years ago
Here's the thing - you miss a payment, and they don't break your legs; they break you another way - they increase your rate to 28%, which doubles the balance in three years. There is going to be a credit card crisis - I see young kids buying cigarettes on credit cards. We need to declare a bailout day of our own. Banks are borrowing at 2% and lending at 28%. Screw 'em.
bammbamm12 2 years ago 5
@bammbamm12 Banks are borrowing at 0.25% to 0.00%.
msungs 1 year ago
@msungs - mea culpa
bammbamm12 1 year ago
check this out ..Reported Chinese actions to unilaterally cancel OTC derivative loss debts held by state corporations whereby they purchased hedge contracts written by major American OTC derivative manufacturers and distributors is legally a unilateral novation. A novation declares an item to be invalid. Invalid means not valid. A contract which is not valid infers a form of a fraudulent contract. The banks that sold the Chinese these piles of junk were GS, Wells Fargo, Citi, JPMorgan
woof..
chena3 2 years ago
don't say woof.
kensho3 2 years ago 2
woof...
with chinese accent
no biscuit
for you...
chena3 2 years ago
wed..closing
gold bounces off 980.$ for the third time
silver 15.45$
upward trendng ..
china is pissed...
take care
chena3 2 years ago
silver
15.01 $ per oz
dow getting
bytch slapped..
the peasants
are angry ..
chena3 2 years ago
the federal reserve does not to answer to the american government. indipendent business.
Daniyoyo 2 years ago
I am serious, I see God differently than you do. To me God is the ultimate from of government, God asks nothing of you and demands nothing. God gave us the ability to see what is good and what is not and the REAL freedom to choose without judgment.
I am not going to convince you and do not take this comment as my attempt to do so. It is a statement to help you understand me as well as I understand Christians.
davincij15 2 years ago
Dvinci, gold and silver shooting upward even though the dollar has had a decent week...looks like its time for an update!!
kenandjasha 2 years ago
Not to be negative but watch for something to fall if you know what I mean. Also an attack on another country.
Hopefl1 2 years ago
Brother, I am happy to be on your side of the fight.
FCKEVRY1 2 years ago
silver
14.75 $ per oz
could be a fun night ..
the streets
could run red
by morning ..
woof..
chena3 2 years ago
Did a man's hand write the book?
If so, it is a book written by men. End of story.
Any claim about the inspiration is unverifiable and does not constitute objective evidence.
Wiki: "Circular reasoning"
jspark311 2 years ago
Quoting different Bible verses to support any arguement- Jesus/the flood/holy spirit insipired is NOT circular reasoning.
The Bible is 66 books written by different people who never met each other spanning thousands of years. You can therefore quote different books of the Bible to "prove" divine inspiration because it says that.
Whether or not you believe it is a different question.
kenandjasha 2 years ago
Kenandjasha:
Logic is logic no mater where it comes from. Although I must admit I use it to strengthen my argument amongst Christians unwavering faith that the bible is words of god.
davincij15 2 years ago
My advice to people who don't believe in gold/silver is. At least buy some! If you really don't believe it, fair enough. You don't have to turn ALL of your dollars to gold/silver, but please please at least 10% of your dollars need to be in PM.
superchink28 2 years ago
The Federal Reserve claims immunity from court interdiction. Any edict from the Court will be summarily ignored by this privately owned, loan sharking entity. The 16th Amendment MUST be abolished once, and for all for America to ever gain it's freedom again.
joe80dman 2 years ago
Very sad.... this is country has turn into socialism. you can get bank loan those who scored A+ and B- in school. They check your school records.
Alot of small business failed. Very sad.
FilmBorne 2 years ago
"Government expenditures are running at 185 percent of revenue, which is like the lone family breadwinner earning $50,000 a year, while the family spends $92,500 a year. With families that do that, it is not too long before the credit cards are cut off, the mortgage is called in and the family Chevy is repossessed."
Pat Buchanan
tfrenn 2 years ago
Are you a Christian? Its more important to follow God than loving the material.
urkingod 2 years ago
No, I just believe in one god. That's the end of my religious faith I look at the bible as just another book from men.
davincij15 2 years ago
Nice idea, but be careful. I am serious. :-)
urkingod 2 years ago 2
i can see you are ignorant cause ron paul aint the president. obama won nigger hater
ItsLanceFoo 2 years ago
Honesty, fairness, lawful constitution Hater!
Obama will give 750 billion to the banks but give you dumb ass some crumbs and you think he helped a brother out.
Look man if Obama helped you get a 7 figure pay day, then he is your brother from another mother, but he ain't mine.
davincij15 2 years ago
Comment removed
marketwatch101 2 years ago
Thanks for this DaVinci -
The FED needs some "oversight" and Thank Heaven this Judge is about to create some. So Micheal Bloomberg is worried about the Judge's decision causing a run on the banks? Little wonder, considering he makes 3 Tril a year - that's hard to stuff in one's mattress.
I especially found Ankel Fekete's article to be pertinent. Again, thanks for your good work.
MzProgressive 2 years ago
Thus we have to guess what they will do. I am guessing that if people know their bank is broke they will move their money, and the government will have to let some banks fail.
BUT they can always choose to give the banks the money they lose in deposits or loan loses.
What do you think they will do?
davincij15 2 years ago
It's not a dumb question, it's only dumb if you don't ask.
A bank holiday was last done to stop all bank runs and close bad banks and restore order. Last time it happened was in 1933 and it took weeks and only a few banks at a time opened.
Keep mind we where on a gold standard and the amount of money was fixed. Today we can create as much as we want, the problem is it's value.
Thus they have a choice print and save banks or let them fail, in 33 there was no such choice.
davincij15 2 years ago
Hold on buying your silver yet. There will be a deflation because of the stock market falling this fall.
kenji4861 2 years ago
why will the market fall and dollar strenghten do u think?
AM429 2 years ago
1. The market will fall in the next few months because the market is currently at overbought stages. Elliot Wave, Technical Analysis, CNBC, conspiracy all seem to agree this will happen. If not, at least we're set for a strong pullback
2. If you look at the correlation between dollar strength and market, it's inversed. Wait for the pullback and dollar will strengthen and commodities will fall.
If you are going to buy precious metal, don't buy now, just wait for the pull back.
kenji4861 2 years ago
forgive me but thats a wrong presuptions. we need to buy them NOW. its will cost much much more in the future. you can trust me or trust your instict but let me ask you this: If you know some ways to save your family from upcoming apocalypse, will you act now or act later?
akiraguy 2 years ago
Comment removed
kenji4861 2 years ago
I highly doubt we'll be having a bank run this year. As you said, people don't realize that gold/silver are money. When they finally do, then consider the bank runs/holidays. Until then, if everyone has faith in paper, they have faith in the banks.
chroNick546 2 years ago
All I can do is guess. If the fed discloses who got 2.06 trillion next week, I would say mid September.
davincij15 2 years ago
Great vid, very necessary
CardsDefense 2 years ago
5 STARS
GreatOneFan 2 years ago
it is just a single judge in Manhattan. It will have to go to the Supremem Court... never happen. Supreme Court has already ruled in 2008 that the Fed Reserve is private and the government cannot interfere.
PeakedEarth 2 years ago 4
This may be true but the loans where made under the current laws for the Federal Reserve. In those rules all loans must be disclosed. This is logical since it loans money that does not exist.
However when have seen the government or the supreme court follow the law?
davincij15 2 years ago
The government can not interfere in a private business? Now that is funny.
mustang607 2 years ago
I expect that decision to be appealed. But it would give congress all the more reason to pass HR1207.
puapake 2 years ago 2
Good video.....
Hope others follow the links...Thanks for digging them out.
SlyToocan 2 years ago
The only way I see if bank run happening is when enough americans start to lose confidence in the currency. It will be a tough pill to swallow and people will fight mentally with the reality the currency they use became or is becoming worthless. Most americans have too much of a vested interest in maintaining false confidence in the USD.
helpendthefed 2 years ago
They are playing a confidence game. Internationally they are loosing ground, yet as deflation hits more and globally, the dollar might hang in there awhile. Think in years. High price inflation will put us at greater risk for hyperinflation, yet climbing prices alone shouldn't do it, but the loss of confidence internationally will. Confidence is eroding slowly and surely.
The illusion that the dollar has value will be shattered domestically as World Reserve Curreny status is lost .
InTheSticks1881 2 years ago
CORRECTION-PRINTED CURRENCY not money
Gold and silver is money!
Paper is currency/ Fiat.
sealhunter5 2 years ago
good one
:)
ABOSOLUTEKNOWLEDGE 2 years ago
The FED is only helping it's agent banks. JPM, GS, C. Agents as in the Presidents Working Group On Financial Markets executive order 12631 (see wikipedia for more). The agent banks are the guys SHORTING GOLD and SILVER for the FED and making your life difficult. When are we the People going to make their lives difficult? Never we are Sheep in the field, stupid sheep.
MrBankRuns 2 years ago
Thanks davinci!
fal2grace 2 years ago
move that camera away from u....u look scary up close.... great message but give us 2 ft
neanam 2 years ago
Yeah, I did not like it ether but I did not want to do it over again.
davincij15 2 years ago
yeah you not a ugly guy (no homo) but I just sayin..but thanks for taking outta ur day to deliver the news
neanam 2 years ago
Comment removed
NowisEvollovetion 2 years ago
I have read that they will just transfer off their books anything they donot want anyone to see and put them back laler
fgiugliymop 2 years ago
Would be nice to see a bank run
profesas 2 years ago 3
Would be nice to see a bank run as that may at least help to wake people up to seek & ask questions. Will we continue to be fooled by our own preconceptions, manipulated by the media & lied to by the gvnt into deeper ignorrance? Will not see that this corrupt purpetual debt system will continue to crush the real economy capacity to repay? Will we deny that the train wreck is comming? Many i feel will be happy to even be complicit with this delusional & manipulated world -such is our condition..
zwarst 2 years ago 2
The purpose of creating and distributing FIAT (un-backed paper) money, and forcing the populace to adhere to that system through the domestic courts.
Is to over time fool the (deliberately) 'uneducated' masses, in to believing that what 'IS NOT ACTUALLY REAL MONEY', is 'ACTUALLY REAL MONEY'.
When this process is completed, of course the Fiat money is swapped in return for what ACTUALLY IS REAL MONEY, gold and silver.
Any CONMAN will redirect your attention, whilst ACTUALLY stealing from you.
NowisEvollovetion 2 years ago
Awesome ideo and talk regarding "why should I sell gold or silver for paper I don't need".
ruthere214 2 years ago
Okay so the Fed has to show where the TARP (and other) money went by Mon Aug 31. Their argument against the ruling is that doing so will cause bank runs and collapses.
Yes, they can simply print more money to keep the banks solvent, but this ruling seems to indicate that's no longer going to fly. The courts have done what Ron Paul and 3/4 of Congress couldn't do. The Fed no longer can keep secrets like it could.
I'm with Davinci - get ready for the next volley of brown stuff on the AC unit.
drutter 2 years ago 2
We know where the 750 billion TARP money went. What we don't know is where 2.06 trillion went in emergency loans from the fed went.
Thats 1 dollar bills stacked to the moon and back 67 times. That's enough to buy the Canadian stock market twice or all output of china in a year.
davincij15 2 years ago
The "human factor" is crucial
I see public perception and action as a giant pool. We mingle amongst each other and blend together in terms of our habits and beliefs to a certain extent (facilitated by propaganda)
For the most part our thoughts/movements have been confined within the pool but soon the dam will burst. When that occurs we'll all react with great momentum (panic) towards whatever avenues are open to us
I just hope we remember to help each other out when the time comes...
cmstyz 2 years ago
Don't forget, most Americans are lazy as hell. Some will move money between accounts, but most will just let it ride. And also the mainstream media will also have to hype things for a bank run to get started.
SilverDude7890 2 years ago 2
Comment removed
cmstyz 2 years ago
Also davinci you falsely assume the bailouts are enough. The banks are still insolvent even after all these bailouts. I know it's hard to fathom because of the mass amount of money in the bailouts but do some research, the banks are still in trouble and need more bailouts.
Numonic7 2 years ago
Banks will need more money in the future as more loans go bad but, not right now unless there is massive movements of deposits set off by a catalyst of events.
davincij15 2 years ago
Also do you know that the reason the dollar is so over valued is because of it's liquidity. It's like that old Domino's commercial. If they are 30 minutes late the Pizza is half off or free. This is what will happen to the dollar when the banks fail to deliver the FRNs. The FRN will loose value. This is a spit in the face to deflationists who think that an inability to get FRNs will cause prices to drop. No the opposite will happen. Prices will rise and FRNs will be hard to get.
Numonic7 2 years ago
Great reading in the side bar articles. Thanks..
slicardy1 2 years ago
I disagree, the problem is solvency and I'll tell you how this will start. It will start with banks that fail taking longer to reopen then usual. Usually a bank would fail on Friday and be back over the weekend but what will happen is banks will fail and take longer to open maybe a few days, then more banks will fail and take longer to open like a week or two and then the $hit will hit the fan and massive banks will fail at the same time and not reopen for a long time.
Numonic7 2 years ago
What movie would you show someone to try to convince them to buy some silver.
zappos49 2 years ago
It's difficult, my brother took a long time to convince. Start with "money as debt" or "crash course". If they show no interest try letting them know this simple fact money is created out of nothing, the law of physics and the law of economics works everywhere on this planet. If you throw a ball up in Zimbabwe it will come back down if you print to much money it will lead to hyperinflation.
Do you trust Helicopter Ben?
watch?v=HQ79Pt2GNJo
:)
davincij15 2 years ago
"Fiat Empire" is good as well
argentummolonlabe 2 years ago
"The Money Masters" is also very good.
sizzlot 2 years ago 2
4:56 Greenspan? You mean Bernanke. Freudian slip, bro. They're both idiots, I guess.
JRCrowley 2 years ago
favorite and 5s . youve done good. thanks.
1mealperday 2 years ago
"World faces hi-tech crunch as China eyes ban on rare metal exports"
The price of hybrids just went up.
JRCrowley 2 years ago
Funny and informative post there Davinci!! :)
Thank you for the excellent work!
medulalumosa9 2 years ago
This is a f.o.i.a. they will appeal and drag it out . H.r. 1207 is still our best shot. Good to see you keepin on bro . Peace from nw Montana
sailfished1 2 years ago
Is that a screaming dog in the background???...or the sound of the American Dream dieing??/
skybirdbird 2 years ago 3
That's Trinity refusing to go to bed.
davincij15 2 years ago
very informative. thanks
rytis1 2 years ago
Excellent points. No bank run as long as the printing press runs. Presses can run faster than banks.
I still expect someday to find greenbacks devalued whether it's George or Liz on the cover. Only money in banks will be money until we get our new Ameros.
Obviously that's when silver coins return to real usefulness. However Ameros will then be accepted. Life will go on. Just a bit hungrier. New lamps for old, I mean new paper for old.
Buy all metals. Tin will take the place of silver??
PQRLOVE 2 years ago
It's going to get ugly. It's going to take years for someone to figure it out.
DEMCAD 2 years ago 2
figure out what the Fed loaned to the banks? Don't thinks so I give it a day before some golden nugget comes out after the Fed releases the documents.
Then fire works in the weeks to come after that.
davincij15 2 years ago
good report
lightleague 2 years ago
It's obvious the printing press isnt exactly limitless or 81 Banks would not have failed. FDIC running out of money is huge
HiredGunz98 2 years ago
They have to let some banks fail or they will continue to pay CEO bonuses and run it into the ground because the Fed will bail them out.
They have to put fear in the hearts of the other banks. Mean while some banks are forever except from failing.
The game is rigged the banker club is a puppet stage where select men pull the strings and laugh.
You gotah read some the books I have read, it's an eye opener.
You who buys gold and silver is out of their reach of control.
davincij15 2 years ago
davinc:
what books did you read?
whiskerchild 2 years ago
I have read all of the Peter Schiffs books, I have read Dollar collapse, and others.
The one that was the most technical and required some basic understanding of the system before your read it but was the most eye opener was the creature form Jekyll Island.
That book shows you via history and their own words that that the bankers are in control. They start all wars and in most cases they profit from both sides and care not who is the victor.
davincij15 2 years ago
Not huge. Its like a empty cup at the restaraunt. Just fill er up again and again and again.
skyding8962 2 years ago
I see it this way. FDIC usually backstops a larger bank in absorbing a smaller one that is failing. This way, control and power gets concentrated into fewer and fewer hands.
I don't see where the Fed has any incentive to let FDIC go insolvent, so, they'll just recapitalize it.
wetalmorker 2 years ago
Davincij15 What else can you tell to thats good and easy to invest in.
nickels
pennies
silver
gold
But what else? Maybe other currencies?
thanks
aktlc123 2 years ago
Aktlc...A good investment if you cant afford gold or silver,,is believe it or not,,Pennies before 1982 because they have 1.4 cents of copper..or nickles because they have 4.9 cents of nickle..
So save pennies and nickles if you cant get gold or silver right now..
If there is a run on the banks copper and nickle will go up,,so your pennies and nickles will be worth something,,maybe 20 cents will feed you for a day!
AngriestAmerican 2 years ago
Food
becauseicare2 2 years ago
if you want to keep some currency around buy half in USD and half in Euro, this way your purchasing power of the cash is not falling AS fast as the dollar.
davincij15 2 years ago
Thanks for the articles.
yogiudo 2 years ago
they will appeal the decision.
laplante31 2 years ago 2
There will not be any bank runs because the Fed will print money until the end of time. You WILL be able to withdrawl cash from the bank. BUT will your cash be worth anything? That is the key point to think about. Who will stop the Fed? The U.S Government surely won't. They praised Mr. Bernanke for printing money out of thin air. Capitol Hill cares not...
clearasvodka 2 years ago 3
True, but the problem is not solvency the problem is perception. When I said there would be no bank runs many people did not agree, they have a perception that the money is not there and that leads to bank run panics. If a bank runs dry and it can't be replenished in secret anymore, the jig is up.
Congressman - "Ben, where did 2 trillion go? can you tell me the names of the banks?"
Ben - "NO."
It is that secrecy that keeps the game going right now. With out it all hell will break lose.
davincij15 2 years ago
been waitin on a longer vid, many thanks.
odin422 2 years ago
People have a short attention span, I can't see people wanting to watch me for a 10 minutes.
davincij15 2 years ago
haha well some of us like lots of info =)
good stuff as always.
odin422 2 years ago
yea you are right. everyone wants to be entertained. Things that get missed.....................tv, media. games and i pods and cell phones are creating a cultural change within all of us . quietly and unnoticed. Look at an old andy griffith show, they had a relaxed feel linked to good expectations. The spyche of the people is affected by the speed and ongoing fear s of terrorists and the economy. Time for a change alright!
1mealperday 2 years ago
Nailed it!! Good post. I just used the Andy Griffith show analogy very similar to yours in a conversation I had with somebody today who is just beginning to open their eyes to what is happening. Time for a change.. one we can ACTUALLY believe in, that is! :)
Eraser7622 2 years ago
bank runs aren't possible like they were before... the fed has become very lienient on keeping required reserves and also they know they can just print it. There will be no bank runs... just runs on the dollar
Jbreed2011 2 years ago
Remember the Fed gave out 2 trillion. So let me give you an extreme example. Let say Key bank got $200 billion, that would be more than what the bank is worth or has in assets.
The bank is insolvent, thus big money seeing this data will pull their money out as there is no future where they could pay that back.
Get it?
(NOTE: The understanding between the fed and Key bank is they will never pay it back.)
davincij15 2 years ago
Big money doesn't keep their money in savings and checking accounts. Savings and Checking only accounts for a small percentage of peoples store of cash/investments...
Especially today, if banks go insolvent the FDIC will do what they did with WaMu.
If there is anything I know is that the Fed and FDIC will do anything to ensure confidence in everything but the actual value of your dollar. There will be no traditional bank run, the only run that will occur is when people fleeUS financial assets
Jbreed2011 2 years ago
So much propaganda and little to no real facts or transperancy coming from the govt and the banks. the dow has risen significantly but so has unemployment, all the while precious metals prices remain steady. we are living in really strange times where up is down and black is white, where left is right and right is wrong. let's just hope we are making the right choices with our money wether investing in gold or playing the stock market or simply remaining idle.
chingon711 2 years ago 5
I have no fear the choice is so clear it's boggles my mind how everyone has been fooled.
Gold and silver IS money. Something real the must be created out of blood and sweet has more value than something that is created by a promise to pay.
Do you know 1 in 8 American a behind or not paying their promise? That's up from the average of 1 in 350. lol
Got gold?
davincij15 2 years ago
they will appeal and draaaag it out...
the fdic quarterly results will be interesting
stellaconcepts 2 years ago 4
werent they supposed to show today?
1mealperday 2 years ago
yeap - but they delayed it... wonder why lol
stellaconcepts 2 years ago 2
The 'spin' has to reach a certain velocity before it is injected into the steady stream of bovine excrement emanating from Washington DC...
sizzlot 2 years ago
Copper is one of the metals China gobbled up and there are plenty of uses for copper.
wilsonpwt 2 years ago
heeey zupp? keep vids comin bro.
THANKS!!!
pairunoyd 2 years ago
thanks for the info
joediesel187 2 years ago