I looked at S&P1500 charts of the last 9 months, all of them .. and saw many times the same huge upswing in 'most' stocks over last 4 months. Suggested is its the *** Devaluation of the Dollar *** .. I'm no expert - its just the first easy explanationn. Basically its upon the american people to kill the old capitalism, if not the old capitalists, and replace with system that serves us. The Federal Reserv must go before we get into the deepest shit possible (ww3, etc). Lets coin our own.
If someone told me there's no recession I would have laughed in his face. You're much nicer than I am. Your comment "I don't have time to hand out red pills to everyone" made me LOL.
it seems no one answers my concerns that the Fed is welcoming a low dollar so that we can start selling overseas as our goods become cheaper....
seems so brilliant, yet no one wants to talk about this.
Yes, if you have your wealth in US dollars you will be screwed in purchasing power, but those people exclude 90% of the people out there. seems like this is what the government is doing.
Vision Victory, I'm glad to hear a voice like yours which speaks the truth ... especially about housing ... priced not only must come down, they have no choice but to do so ... and drastically.
Housing should have never become speculative ... and we can now see juste how severe the correction must be, because the greedy people gambled and lost.
When you go get your car tuned up again, you can ask for the "D Special".
The "talking heads" who provide us information (media, our corrupt government), have to lie about what's really going on because if they don't, more people will panic and start pulling the plug on the whole toxic pool.
Here in Southern Ca., it's common to travel miles on a street - even down by the beach - where you'll see leasing sign after leasing sign.
The economies toast ... so, start learning how to grow your own food ... it will be worth more then gold bricks.
All planned out by Jesuits. they crash there own companies. They don't need them anymore! illuminat Freemason Jesuits have all the money they need. Macy's is there's. Star logos, pyramids,sun ect. are Illuminati companies. U.N treaty is goiny to wipe out Constitution! get food and some silver. and look into Yeshua!
The United States, France and Britain have presented "detailed evidence" to the U.N.'s nuclear watchdog that "Iran has been building a covert uranium enrichment facility," President Obama said today. MUST SEE VIDEO!
msnbc.msn. com/id/21134540/vp/33018397#33018397
The war drums are beating, again. Iran has a lot of oil!
Meanwhile, militarized police are trying out their new crowd control toys on US citizens protesting the NWO in Pittsburgh.
Hey guys/girls, stock futures just turned negative. oil sliding again. Gold/silver taking it on the chin. Three days of Dow losses in a row? Have we reached the saturation point?
They're now making the move for South America total dependency and no manufacturing...just like here. They've sent WAL-MART in to start their usual and the Chinese to encourage outsource manufacturing to China. Same ballgame and different continent for a total takeover. It' not enough that they implode economies. They have to make them entirely dependent and captive too. I think they call that slavery....not sure. )
bud...there have been dozens of vid's on youtube and others with clients voicing their .02 on the poor job he has done with their accounts and how they have blow up in 07 and 08....so sorry you fail...
M has 24 MMM in 2008 with 420 MM shares outstanding. In 2006 M earned 3.20 share with less revenues and 546 MM shares outstanding.
Given their current revenues they could earn $4 a share. Their price is 18, that puts M at a current p/e of 4.5. This assumes they don't go broke with too much debt.
Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised institutions, according to the 32nd annual review of Shared National Credits (SNC).
The credit risk of these large loan commitments was shared among U.S. bank organizations, foreign bank organizations (FBO), and nonbanks such as securitization pools, hedge funds, insurance companies, and pension funds.
Credit quality deteriorated across all entities, but nonbanks held 47 percent of classified assets in the SNC portfolio, despite making up only 21.2 percent of the SNC portfolio. U.S. bank organizations held 30.2 percent of the classified assets and made up 40.8 percent of the SNC portfolio.
Criticized assets, which included SNCs classified as special mention, substandard, doubtful, or loss, reached $642 billion, up from $373 billion last year,
Taiwan Central Bank Said to Urge Cuts in Dollar Bets
Taiwans central bank urged lenders to reduce their bets against the U.S. dollar after the islands currency reached a three-month high, according to traders at foreign banks.
Also the only people I know moving in to new home are Military friends with no money down loans of course under $200,000 ...and with minimum wage jobs!!!???
I'm in California...what about Commercial Real Estate. Construction continues but they set empty some 4 more than a year. Do they expect a big boom to fill these empty lots... from what I see its coming...just survey ur area...scary!!!
An unpermitted anti-capitalist protest march towards the G20 summit in Pittsburgh turned violent today, with police firing tear gas after protesters barricaded the street.
PERMITS ARE REQUIRED TO DISSENT?
I'm beginning to believe that democracy doesn't work but FREEDOM does.
A longtime dollar bear and gold bull, he foresees gold hitting $5000 per ounce "in the next couple of years," and predicts the Dow and gold will trade on a one-to-one ratio vs. the current level of around 9.7-to-1.
Unlike the "legitimate bull markets" of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a "rally in a bear market," and is lagging the rest of the world "for a reason."
The worst is not over, according to Euro Pacific Capital's Schiff, who predicts the Dow will fall another 90% from current levels when measured against gold.
Why did Citigroup analysts upgrade Macy's to a buy, even though they are losing 11.59 a share in a worsening retail environment.
In 2007 Citigroup Citigroup completed its acquisition of the Macy's credit card business last year and decided earlier this year to replace 3.5 million inactive Macy's cards with MasterCards.
Exhaustion Rate Hits New Record: More Than Half Of Unemployed Exhaust Benefits Before Finding A Job
According to the BLS, the exhaustion rate, or the number of people who have used up their benefits, and will no longer be receiving unemployment checks, has hit an all time high of 52.40% for August. This is a staggering number, and whats worse it was grown in practically a linear fashion with not even a hope of a second (third or fourth) derivative green shoot in sight.
to get Dow rally just cut the the main overproduction and job cost factors for the next quarter. whoever survives can use the profits to buy cut-up companies dirt cheap via fusion or buyouts....
The govts are just smotherning the bumps & burts so they can sell the ly a little longer.
Anyway.... I get the next 2 days off thanks to the G-20 bullshit that is happening here. I have never seen so many helicopters in my life before today.
You are always so right on. I just wanted to add the old cliché: "time tells all". This Christmas and holiday season might be very bleak and could be a large wakeup call. We will know on Dec. 26th.
I think voglbop has a point. A disciplined, dispassionate investor can make money from this rally. A lot of amateur investors though will just hold on to their shares until they fall back in value.
A disciplined and dispassionate trader that is up 200% has already sold or they wouldn't be a disciplined and dispassionate trader. Hunters do miss every once and a while.
I'm trying to live as cheap as possible in the United States. Some ideas if you are going through tough times: My goals:($ per month in savings) 1. Electric powered bike(you don't NEED a car): $100 insurance, $200 payments, $60 gas 2. Small Wind turbine: ~250kwh/month, $40-50 3. Wood stove for heat(winter): $200-300 4. Backyard garden: $50 5. Fan system to replace AC(summer): $50-75 6. Cheap cell phone deal: $50 Total monthly savings accomplished: ~$550-800 Per year: ~$8,100
That's all good but you didn't list the upfront costs and how long it will take to recoup your investment, which is when your savings truly begins. Last time I checked a wind turbine system wasn't cheap, unless you can build it yourself.
Fools rally? Only for perma bulls, is not the trick to buy low and sell at the high? Many people have doubled and tripled their money on this run up and now sold.
But hey, it is all meaningless paper. Soon we will all be running around with an AR in one hand, a bible in the other and wad of gold and silver somewhere else.
Sept. 21 (Bloomberg) -- Iranian President Mahmoud Ahmadinejad has ordered Irans foreign currency reserves, currently in U.S. dollars, to be held in euros, Press TV reported.
The order was issued on Sept. 12 following a decision by the trustees of the countrys foreign reserves, the state-run news channel said on its Web site.
Sounds like a pretty scary place to be putting all your retirement money. Ah America, land of the free.
But PM's aren't a gamble, they never go down. Hyper inflation is here, just look at the price of milk up from $4 to $2, oil up from $147 to $67 and home values have soared. Er...
Inflation, deflation or total collapse? Place your bets!
I swear there is intelligent life out there somewhere laughing their heads off at us.
It seems you assume to think yourself having fundamental understanding of economics, because perhaps you slept through an econ course or watch MSNBC with glazed eyes.
The price of oil has NOTHING to do with placement along an elastic supply/demand curve.
Likewise, you fail to see the casino-like manipulation of the markets.
Naked shorting,PPT, flash trading, high-freq trading are only a hint of the corruption.
Peoples quality of life? Most peoples quality of life was a mirage of debt. For the ones that are taking the hit for those fools it sucks.
Heck no I don't have a fundamental understanding of economics. But do you not count food, energy and homes into the inflation equation?
Even though I dont have the vast understanding of economics like you, I did buy gold at $397, left the market in 6/07 and my debt is zero. But that is by luck.
The quality of life has not gotten worse, you never had it. It was a mirage of debt. The average American home has doubled in size, new cars, granite counter tops, out to eat everyday. No kidding it takes a double income just to make the payments. Instead of blaming the government, try blaming Madison Avenue or better yet your spoiled, foolish selves.
You want to be a good patriot? Raise a family with love and live within your means.
The citizens of this country were sold out by their "representatives."
In 1980 the US was the worlds largest creditor nation. During that same year China was given Most Favored Nation trading status. From that time the US began running ENORMOUS trade deficits under global trade agreements.
Nafta, Gatt, Cafta, and a host of other special arrangements GUTTED the production capacity of our country.
Real wages and the overall power of our currency have plummeted since then.
2009 - We are the now the worlds biggest DEBTOR nation. Guess who our biggest creditor is? CHINA.
During this time therr was a consumer credit explosion. Bankers bought our "representatives" and basically engaged in OUTLANDISHLY PREDATORY PRACTICES that were designed to create DEBT SLAVES-see usury.
Our country is run by a Banking/Military industrial crime syndicate that seeks complete control of global resources and world governance.
Pension funds, owned by the people who work as teachers, firefighters, policemen, etc.. bought AAA CDOs. Where were the rating agencies? Now those funds are sitting on crap. Voglbop, this IS the AGE OF FRAUD.
The age of fraud? True this looks like one of the bigger expansions of it, but like Newman said in the 1963 movie Hud:
This country is run on {fraud}, where you been? Price fixing, crooked TV shows, inflated expense accounts. How many honest men you know? Why you separate the saints from the sinners, you're lucky to wind up with Abraham Lincoln. Now I say let us dip our bread into some of that gravy while it is still hot.
I disagree. The good life has to do with hard meaningful work, health, good food, family, and caring friends. Lying, stealing, and murdering, are all sociopathic traits that lead to the bad life. Ethics make sense and while no one is perfect, a society that openly accepts sociopathic behavior is one destined to be oppressed.
Hey, yesterday Cramer pumped RIMM- he said they were going to the moon! Well guess what, they missed revenue and crashed. Keep dipping that gravy, pal.
I'm glad you disagree with the quote from the 1963 movie Hud. We are on the same page. My point was that blind greed has always been here. If you have not seen the movie check out a small youtube clip:
watch?v=E1TOWhU7dik
From what you have said about morals & ethics I think you would really enjoy it. The whole movie is here:
Card Defaults Surge in August to 11.49%, Moodys Says
U.S. credit-card defaults rose to a record in August and more losses may lie ahead as delinquencies climbed for the first time since March, according to Moodys Investors Service.
I don't know what the 30 and 90 day rates are but they've got to be much higher.
If you miss your payment with FICO, a persons credit score will drop like a rock. How will the credit economy ever return when 15-20 percent of the people can't access credit?
NFL and college football games full, Movies ticket sales at a record, Madonna had highest grosing tour ever, Europe is full of American tourists-can't be that bad VV. Keep buying food and silver and storing it in your basement! Good job, educate the people!
The CONSUMER SLAVES put it all on their CREDIT CARD... What fraction of this economic prosperity that you allude to was produced with real savings????? As far as the Americans in Europe, ar you talking about Goldman, and AIG execs??? WAKE UP.
So the Dow runs up all the way to the FED announcement today, only to backtrack by about 160 points to finish the day in negative territory. Is this more "Buy the rumor sell the news" action? What are the markets trying to tell us?
based on the tech action of today ... it's saying you are hitting a wall of resistance and the short term trend is now likely turning down. the intermediate term trend is still up however ... this will take longer to reverse if it does.
MOSCOW, June 30 2008 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he believes in a strong U.S. dollar and that U.S officials were working to resolve the country's economic problems, including regulatory mistakes that led to excesses in the mortgage and banking sectors.
Guess the circumstances of the Toyota employee who paid $419,000 for his house b4 the collapse in CA. Was he ill-advised at the time? What's his income? What % of his income is a substantial mortgage pmnt over his head? Assuming no hidden money like inheritances, etc, how can the average American worker pretend to afford such prices for housing? We were all told that as an investment, Housing can only go up, but housing costs in North America are rip-off #1 and have been for decades.
ya know... Im not bragging.. but I could see this entire mess coming since 1997.. all the damn details... about as brilliant as predicting a blind alegator will get run over in traffic.. the public though... totally blind
dumber than a load of lumber.
I geared up to a range of freelance from a killer class A motor home, from high end engineering to fix yer toilet. pounding the pavement about two days a month to stay busy. no way bto get a job, ...that pays zip anyway.
A lot of things were obvious to the critical observer since the mid 1990's, even before that. What confounds us is how conditions stay suspended in status quo as they do. I felt the way you did 12 years ago, but what I didn't know is how hidden forces keep incongruous circumstances from correcting themselves. Your predictions for housing prices look convincing for ten years down the road, but there are so many hidden influences which prevent the obvious from coming true, I'd bet against it.
Im an engineering / trades guy.. i could see early that no load of 2x4's, press board siding and sheet rock costing 20k was worth 2 million dollars nailed together. (estabkushed ratio 3 or 4 to 1)
.. it was not rocket science.. now with the boomers retiring there will be a massive glut on the market for 2 decades... housing not lived in or maintained collapses to trash.. prices will fall to the basement over the next 10 years. and be near that bottom within a 3 or 4 years as a wild guess.
Federal Reserve officials welcomed the improving economy and made a few changes to their debt buying plans. In a statement after their closed door meeting, Fed officials said that economic activity has "picked up" with improved conditions in financial markets. The Fed announced that it has extended its purchase of mortgage-backed securities and agency debt into the first quarter of 2010 from December.
GROWTH PICKUP? IS IT ME? This reads like 1984!!! OIL STOCKS PLUNGE BUT GROWTH PICKS UP.. DOUBLE PLUS GOOD....
The reason the Fed extended their purchase of MBS is because NO ONE ELSE WILL BUY THEM. The FDIC is doing the same thing with their LOSS SHARE PROGRAM- or banks profit or you take the loss. Bottom line, if the fed doesn't continue to buy Treasuries the bond market will COLLAPSE! Coming soon to a theater near you!
Prices sink below $70 a barrel following a government report showing a surprise increase in crude supplies. Investors also awaiting the Fed.
The bottom line: Economies run on OIL. So where is our FUCKING RECOVERY?
The Energy Information Administration reported a surprise increase in crude stocks by 2.8 M barrels in the week ended Sept. 18. Analysts were expecting a drop of 2.25 Mbarrels.
Gasoline stockpiles jumped by 5.4 million barrels, according to the EIA report. Analysts had forecasted a more modest increase of 800,000 barrels.
So, if crude stocks are UP over 200 PERCENT over analysts expectations and gasoline supply almost 700 PERCENT over expectations, HOW CAN WE CALL THIS RECESSION OVER>
Of course, the Baltic Dry Index PLUMMETING and a FLEET OF CARGO BOATS larger than the US and British navy combined sitting idle might be an INDICATOR!
The Oblama admin. is so deceiving, that to believe the info that the recession (depression) coming from Bernanke is over, is just setting everyone up for another fall. See, for OBlama and the democrats, it's all about getting everyone dependent on government so they can raise taxes and make people's worth less so they can implement their liberal form of communism. This is the kind of change Oblama meant. Hopefully most people are catching on to the deceiver and rejecting him.
Tyranny is the rule of history and not the exception. Unfortunately, most people in this country think waving a plastic flag- made in China I might add, is tantamount to the experience of Freedom. The fact is that Freedom has been incrementally legislated into a bureaucratic nightmare that was intended to serve the corporations who wrote the laws. When the people of this country are kept from knowing their debt obligations by a secret organization-the Fed, TYRANNY IS CLOSE AT HAND!
There is more truth in this 6 min video than in a whole year on CNBC. Awesome video. Just awesome. Yesterday marketwatch had a story about Macy's leading the rally. Macys. The same Macy's on bankruptcy watch. I refuse to believe that the big boys with money don't know this information. So that leaves major manipulation. What will be the trigger? Swine flu? FDIC bankruptcy? A major bank failure? Another 9-11? Israel/Iran confrontation? This is making me very nervous.
We are having a recovery; most people don't really understand what a recovery is. A recovery means a return to the ORIGINAL STATE. The original state is what house prices were BEFORE they got inflated. Prices are falling and will continue to fall until they reach the ORIGINAL STATE (which is the recovery); andf then the recovery will be over and there will be a bottom.
Government wants you to believe that the overinflated prices are the original state and that a recovery means re-inflating.
Hey Vision, Just a quick thought about share prices going up, if these companies are cutting their workforce by half, holding off on payment to suppliers and selling off assets ect , then it would make sense that share prices go up ( at least for the short term !!! ) thanks for the great vids and good luck!
That's awesome that you have the land to do that! I also plan to grow a large garden now that I don't have to walk away from the home. I'm hoping I can feed most of my neighbors and all of my family if I have to. There lots of rabbits, deer, and wild game with a pond in the back and lots of perch, bass, cat fish, and walleye to catch.
Hey guys,didn't you hear?The recession is over!!!Wall Street has recovered,Main Street just has to wait a while longer.Go out and start spending people,your country depends on you.
Dr Martin Weiss has turned inflationist after 27+years.The function of the market is to make fools of us all,however the function of government is now cronyism,nepotism and guangxi all on steroids.Those in the inner ring are saved whilst the socially arctic are ignored,ie you and me.
Yet have seen figures of $47Trillions have been deflated in the USA alone since Aug.2008,whilst gov. inflating is about $13Trillions-still a huge short fall .What do you think?
When the market tanks, what do you think will happen to all commodities, including gold and silver? It is impossible for the Fed to re-inflate. It's like blowing air into a balloon with a hole in it.
really simple..put up or shut up..short your list plain and simple..and we will watch you sweat your ass off while they just keep going higher and higher...
THAT IS MY POINT...he never once said he is shorting these companies that according to said expert will go bk...also is he short the dollar how about the treasury etf??? answer NO...just like his idle peter schiff who is a major bear...he was negative in 2007 and 2008 yet his customers/clients who he designed custom portfolios all BLEW UP....he speaks out of his mouth one way yet acts another....this guy is full of shit...PUT UP OR STFU
its not a secret that I own bear funds. And I have said in in previous videos that I would hold off on shorting the market until the end of this month.
If you are invested in a stock or commodity you are betting on an upward price (bullish), if you are shorting you are betting on a downward price (bearish).
Your implicit premise is that anybody who believes that stocks are overvalued ought to short the market. This is a false idea.
There is a saying on wall street regarding short-selling: "The market can stay irrational longer than you can stay solvent." It is simply fallacious to say that shorting is always a good idea if you think stocks are overvalued, because it is still a gamble. Decisions always have to be made rationally based on the possibilities of risk vs. reward.
sorry...you fail...this person clearly says these companies will go BK this year...that means close to a buck or less... from double digit...so if you are a doom say and preach fear step up to the plate and put up or shut up....peter schiff has not made jack squat this year for his clients that he directly manages money for...they are down....
First of all, you are either lying or ignorant when you say that Peter Schiff directly manages money for his clients. He is a broker, not a fund manager, and each clients' account is unique. So you really have nothing to say in this area, unless you have hard statistics showing that, on average, his clients are doing worse than the US stock market this year. This is impossible, because that is not public information.
Aside from that, you didn't actually address my point.
You cannot say after-the-fact that people who bought these overvalued stocks made a wise move. This is akin to telling Ashley Revell that he made a wise move by betting his life-savings on "red", just because he ended up winning. Their profits depend entirely on the ability to sell to a greater fool.
(I beleave) When the banks got bailed out They all bought(buying) the stocks bonds and houses from us at the lows, pumped (pumping) it up. And they are selling them back to us (401Ks, IRAs, tax breaks, ext) for a big gain. Wish I'd thought of it, Oyea I did. FOOL you twice shame on you.
I was at Wal-Mart today and they have really cut back on inventories. You could drive a mack truck down the isles. I asked an employee why the scale back, and she said they made isles bigger because that's what customers wanted. That is total BS! I also noticed gas cans went from $9 to $13. Those buildings used to be packed with stuff, and now very airy feeling. Maybe Wally World is having a hard time with the always falling prices, haven't seen those commercials for awhile.
Why not? - They force sellers to sell for just a few pennies over cost of production, so everything is price sensitive, almost everything in store is made in China. More people shop Wal-Mart than anywhere else. I used to work at a Wal-Mart as a stocker and I'm telling you the 180% larger isles isn't because the customer wanted it, the store didnt get any bigger, it was completely redesigned and there's less inventory.
Thank GOD!!!!!!!!! You get it!!!!!!!!!!!! Yes . . . this is a true BS Rally . . . this rally is about getting the sideline money back in the market. When it does . . . the hammer will come down!!! All of my money is in overseas stocks.
every 60 -70 years a fiat currencey collapses always every time in history over over over this is the end run who cares when tommorow next week next year its coming be prepared the odds will be with you hell i dont care go buy stocks just dont come here whineing when it just disapears one day and a gallon of milk is 20 bucks and you say no one told me ,wake up . great vids keep going.
I think it has peaked. I really doubt there is another 700 points left in this rally. The big boys are eyeballing each other with their hands on a giant red sell button.
Outstanding use of statistics supporting your points, an extremely well researched and presented view of economic trend which I happen to agree with as well. Kudos.
Real estate will go down more. I hope it will settle around 1997 levels. BUT the problem is with the US$ - maybe it will cost $1000 for a can of spam & $10000000000 for a house - pray this DOESN't happen as savings will be wiped out!
Well said!! I'm an appraiser in the So Cal area and this little sugar high that we're seeing in some of the markets is scarey. America just has to have its 'bubble".
Thank you - you are so right about the fake "green shoots". When those ARM's reset this fall and we have weak Christmas sales, our country is screwed.
Absolutely correct. In fact, if there is another bubble to be inflated, it will be gold mining stocks. Personally, I am buying Jan 2011 options on GDX with some of my gambling money.
awesome video
12TabulaRasa12 3 months ago
Inv me to play with you,Your pro.
destruction8382 1 year ago
and we are higher then when you posted this...genius
djr124 1 year ago
@djr124 inflation, look at everything I did tell people to buy. We are crushing the returns of the U.S. stock market.
visionvictory 1 year ago
I looked at S&P1500 charts of the last 9 months, all of them .. and saw many times the same huge upswing in 'most' stocks over last 4 months. Suggested is its the *** Devaluation of the Dollar *** .. I'm no expert - its just the first easy explanationn. Basically its upon the american people to kill the old capitalism, if not the old capitalists, and replace with system that serves us. The Federal Reserv must go before we get into the deepest shit possible (ww3, etc). Lets coin our own.
geoffshred 2 years ago
If someone told me there's no recession I would have laughed in his face. You're much nicer than I am. Your comment "I don't have time to hand out red pills to everyone" made me LOL.
tinfoilcap 2 years ago
it seems no one answers my concerns that the Fed is welcoming a low dollar so that we can start selling overseas as our goods become cheaper....
seems so brilliant, yet no one wants to talk about this.
Yes, if you have your wealth in US dollars you will be screwed in purchasing power, but those people exclude 90% of the people out there. seems like this is what the government is doing.
zeusvalentine 2 years ago
This comment has received too many negative votes show
Vision Victory is your basic moron.
Tnoy34rt 2 years ago
Vision Victory, I'm glad to hear a voice like yours which speaks the truth ... especially about housing ... priced not only must come down, they have no choice but to do so ... and drastically.
Housing should have never become speculative ... and we can now see juste how severe the correction must be, because the greedy people gambled and lost.
When you go get your car tuned up again, you can ask for the "D Special".
theroilsoil 2 years ago
The "talking heads" who provide us information (media, our corrupt government), have to lie about what's really going on because if they don't, more people will panic and start pulling the plug on the whole toxic pool.
Here in Southern Ca., it's common to travel miles on a street - even down by the beach - where you'll see leasing sign after leasing sign.
The economies toast ... so, start learning how to grow your own food ... it will be worth more then gold bricks.
theroilsoil 2 years ago
$419k now worth half? Talk about bad timing...
pshinspections 2 years ago
This has been flagged as spam show
All planned out by Jesuits. they crash there own companies. They don't need them anymore! illuminat Freemason Jesuits have all the money they need. Macy's is there's. Star logos, pyramids,sun ect. are Illuminati companies. U.N treaty is goiny to wipe out Constitution! get food and some silver. and look into Yeshua!
mattandpatti222 2 years ago
Nice approach to this info. Your prespective is appreciated.
tesskansas 2 years ago
The United States, France and Britain have presented "detailed evidence" to the U.N.'s nuclear watchdog that "Iran has been building a covert uranium enrichment facility," President Obama said today. MUST SEE VIDEO!
msnbc.msn. com/id/21134540/vp/33018397#33018397
The war drums are beating, again. Iran has a lot of oil!
Meanwhile, militarized police are trying out their new crowd control toys on US citizens protesting the NWO in Pittsburgh.
coultrane 2 years ago
Hey guys/girls, stock futures just turned negative. oil sliding again. Gold/silver taking it on the chin. Three days of Dow losses in a row? Have we reached the saturation point?
Trazom24 2 years ago
Death to Walmart!!!!
EVLPropaganda 2 years ago
They're now making the move for South America total dependency and no manufacturing...just like here. They've sent WAL-MART in to start their usual and the Chinese to encourage outsource manufacturing to China. Same ballgame and different continent for a total takeover. It' not enough that they implode economies. They have to make them entirely dependent and captive too. I think they call that slavery....not sure. )
ATAINC23 2 years ago
bud...there have been dozens of vid's on youtube and others with clients voicing their .02 on the poor job he has done with their accounts and how they have blow up in 07 and 08....so sorry you fail...
9secondsflat 2 years ago
M has 24 MMM in 2008 with 420 MM shares outstanding. In 2006 M earned 3.20 share with less revenues and 546 MM shares outstanding.
Given their current revenues they could earn $4 a share. Their price is 18, that puts M at a current p/e of 4.5. This assumes they don't go broke with too much debt.
pirucreek 2 years ago
Military arresting protesters at G20
watch?v=BAUIHiXgfWw
BendoverBernanke 2 years ago
hey guys
you have got to watch this
made me laugh twice ..
watch?v=RYA0DsPcbaU
chena3 2 years ago 3
John Galt will come to claim his due
Archon220 2 years ago 2
"Who is John Galt?"
BendoverBernanke 2 years ago
Straight from the FDIC
September 24, 2009
Joint Release
Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised institutions, according to the 32nd annual review of Shared National Credits (SNC).
The credit risk of these large loan commitments was shared among U.S. bank organizations, foreign bank organizations (FBO), and nonbanks such as securitization pools, hedge funds, insurance companies, and pension funds.
coultrane 2 years ago
Credit quality deteriorated across all entities, but nonbanks held 47 percent of classified assets in the SNC portfolio, despite making up only 21.2 percent of the SNC portfolio. U.S. bank organizations held 30.2 percent of the classified assets and made up 40.8 percent of the SNC portfolio.
Criticized assets, which included SNCs classified as special mention, substandard, doubtful, or loss, reached $642 billion, up from $373 billion last year,
coultrane 2 years ago
CDO's are going to be a mess. The CDS derivatives insurers are going to have to pay out big! No wonder AIG is rallying!
coultrane 2 years ago
Taiwan Central Bank Said to Urge Cuts in Dollar Bets
Taiwans central bank urged lenders to reduce their bets against the U.S. dollar after the islands currency reached a three-month high, according to traders at foreign banks.
bloomberg. com/apps/news?pid=20601080&sid=ankufzlVnArA
coultrane 2 years ago
Dollar rally!!!!
coultrane 2 years ago
Question...How about gold and silver mining stocks and oil and AG??
Will it all go down?
Mr1openmind 2 years ago
Also the only people I know moving in to new home are Military friends with no money down loans of course under $200,000 ...and with minimum wage jobs!!!???
texture6 2 years ago
This has been flagged as spam show
I'm in California...what about Commercial Real Estate. Construction continues but they set empty some 4 more than a year. Do they expect a big boom to fill these empty lots... from what I see its coming...just survey ur area...scary!!!
texture6 2 years ago
Comment removed
texture6 2 years ago
An unpermitted anti-capitalist protest march towards the G20 summit in Pittsburgh turned violent today, with police firing tear gas after protesters barricaded the street.
PERMITS ARE REQUIRED TO DISSENT?
I'm beginning to believe that democracy doesn't work but FREEDOM does.
coultrane 2 years ago
A longtime dollar bear and gold bull, he foresees gold hitting $5000 per ounce "in the next couple of years," and predicts the Dow and gold will trade on a one-to-one ratio vs. the current level of around 9.7-to-1.
'GREED SHOOTS'
GanjaZombi2 2 years ago
Unlike the "legitimate bull markets" of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a "rally in a bear market," and is lagging the rest of the world "for a reason."
The worst is not over, according to Euro Pacific Capital's Schiff, who predicts the Dow will fall another 90% from current levels when measured against gold.
GanjaZombi2 2 years ago
Why did Citigroup analysts upgrade Macy's to a buy, even though they are losing 11.59 a share in a worsening retail environment.
In 2007 Citigroup Citigroup completed its acquisition of the Macy's credit card business last year and decided earlier this year to replace 3.5 million inactive Macy's cards with MasterCards.
coultrane 2 years ago
Exhaustion Rate Hits New Record: More Than Half Of Unemployed Exhaust Benefits Before Finding A Job
According to the BLS, the exhaustion rate, or the number of people who have used up their benefits, and will no longer be receiving unemployment checks, has hit an all time high of 52.40% for August. This is a staggering number, and whats worse it was grown in practically a linear fashion with not even a hope of a second (third or fourth) derivative green shoot in sight.
coultrane 2 years ago
Proof youtube is censoring view counts.
watch?v=5zrsl8o4ZPo Kids taught to praise Obama.
Over 2000 comments and only 363 views?
coultrane 2 years ago
Vision, what do you think of Ron Paul?
Is he an honest man in your opinion?
I myself agree with a lot of what he has to say, but no one is right about everything.
Retloth 2 years ago
it´s basically "Cannibalism Capitalism"
to get Dow rally just cut the the main overproduction and job cost factors for the next quarter. whoever survives can use the profits to buy cut-up companies dirt cheap via fusion or buyouts....
The govts are just smotherning the bumps & burts so they can sell the ly a little longer.
LastReplaySC 2 years ago 2
its global payback time and rallies mean NOTHING to the Real economy
All that while the financial economy is creating new Govt supported bubbles month by month to keep up the illusion
LastReplaySC 2 years ago 2
Well informed - keep up the good work.
deepdroner 2 years ago
I think we should name our restrooms "raven Stall's!... because our mayor is such an idiot for letting this happen to our city.
KrinkleKuts 2 years ago
Anyway.... I get the next 2 days off thanks to the G-20 bullshit that is happening here. I have never seen so many helicopters in my life before today.
They have kicked us out of our own town.
Shut down the roads everywhere around here.
KrinkleKuts 2 years ago
People have a right to free speech and protest. Just make sure to do it away from the OVERLORDS.
coultrane 2 years ago 2
You are always so right on. I just wanted to add the old cliché: "time tells all". This Christmas and holiday season might be very bleak and could be a large wakeup call. We will know on Dec. 26th.
gombet 2 years ago
A real recovery IS house prices going down!! tough pill to swallow ...But its the ONLY way!!
damnright4 2 years ago
You nailed it!!! good job...
damnright4 2 years ago
I think voglbop has a point. A disciplined, dispassionate investor can make money from this rally. A lot of amateur investors though will just hold on to their shares until they fall back in value.
neemz2000 2 years ago
We've yet to see the trap door open. When it does, it will take out the disciplined and dispassionate "investor" like a hunter takes out a deer.
coultrane 2 years ago
A disciplined and dispassionate trader that is up 200% has already sold or they wouldn't be a disciplined and dispassionate trader. Hunters do miss every once and a while.
voglbop 2 years ago
kja5 2 years ago
That's all good but you didn't list the upfront costs and how long it will take to recoup your investment, which is when your savings truly begins. Last time I checked a wind turbine system wasn't cheap, unless you can build it yourself.
Trazom24 2 years ago
Fools rally? Only for perma bulls, is not the trick to buy low and sell at the high? Many people have doubled and tripled their money on this run up and now sold.
But hey, it is all meaningless paper. Soon we will all be running around with an AR in one hand, a bible in the other and wad of gold and silver somewhere else.
Beware of 1980....... beware! ;)
voglbop 2 years ago
The stock market is nothing but a form of wealth redistribution. Some may get out of the casino ahead, but most lose.
coultrane 2 years ago
By Ladane Nasseri
Sept. 21 (Bloomberg) -- Iranian President Mahmoud Ahmadinejad has ordered Irans foreign currency reserves, currently in U.S. dollars, to be held in euros, Press TV reported.
The order was issued on Sept. 12 following a decision by the trustees of the countrys foreign reserves, the state-run news channel said on its Web site.
---Iran dumping dollar
bdc03 2 years ago 2
It is going from one paper currency to another?
boggles me?
KrinkleKuts 2 years ago
The stock market is a casino? Really?
Sounds like a pretty scary place to be putting all your retirement money. Ah America, land of the free.
But PM's aren't a gamble, they never go down. Hyper inflation is here, just look at the price of milk up from $4 to $2, oil up from $147 to $67 and home values have soared. Er...
Inflation, deflation or total collapse? Place your bets!
I swear there is intelligent life out there somewhere laughing their heads off at us.
voglbop 2 years ago
voglbop
It seems you assume to think yourself having fundamental understanding of economics, because perhaps you slept through an econ course or watch MSNBC with glazed eyes.
The price of oil has NOTHING to do with placement along an elastic supply/demand curve.
Likewise, you fail to see the casino-like manipulation of the markets.
Naked shorting,PPT, flash trading, high-freq trading are only a hint of the corruption.
Bottom line:
Is quality of life better or worse?
jcwitness 2 years ago
jcwitness-
Peoples quality of life? Most peoples quality of life was a mirage of debt. For the ones that are taking the hit for those fools it sucks.
Heck no I don't have a fundamental understanding of economics. But do you not count food, energy and homes into the inflation equation?
Even though I dont have the vast understanding of economics like you, I did buy gold at $397, left the market in 6/07 and my debt is zero. But that is by luck.
voglbop 2 years ago
The answer is that quality of life is worse.
When both parents must work outside of the home to 'make ends meet', that leaves the children to the nanny state to watch them.
The outright attack on the family unit and consumerism (materialism) has turned the American dream into a debt nightmare.
It is organized serfdom that has enslaved a once free people.
It WILL get worse before it gets better.
I believe that good patriots will persevere and we will be a stronger, more noble nation for it.
jcwitness 2 years ago 3
jcwitness-
The quality of life has not gotten worse, you never had it. It was a mirage of debt. The average American home has doubled in size, new cars, granite counter tops, out to eat everyday. No kidding it takes a double income just to make the payments. Instead of blaming the government, try blaming Madison Avenue or better yet your spoiled, foolish selves.
You want to be a good patriot? Raise a family with love and live within your means.
Jesus, we have become nation of children.
voglbop 2 years ago 3
You are flat wrong.
The citizens of this country were sold out by their "representatives."
In 1980 the US was the worlds largest creditor nation. During that same year China was given Most Favored Nation trading status. From that time the US began running ENORMOUS trade deficits under global trade agreements.
Nafta, Gatt, Cafta, and a host of other special arrangements GUTTED the production capacity of our country.
Real wages and the overall power of our currency have plummeted since then.
coultrane 2 years ago
2009 - We are the now the worlds biggest DEBTOR nation. Guess who our biggest creditor is? CHINA.
During this time therr was a consumer credit explosion. Bankers bought our "representatives" and basically engaged in OUTLANDISHLY PREDATORY PRACTICES that were designed to create DEBT SLAVES-see usury.
Our country is run by a Banking/Military industrial crime syndicate that seeks complete control of global resources and world governance.
A war of epic proportions is now looming...
coultrane 2 years ago
Pension funds, owned by the people who work as teachers, firefighters, policemen, etc.. bought AAA CDOs. Where were the rating agencies? Now those funds are sitting on crap. Voglbop, this IS the AGE OF FRAUD.
coultrane 2 years ago
coultrane-
The age of fraud? True this looks like one of the bigger expansions of it, but like Newman said in the 1963 movie Hud:
This country is run on {fraud}, where you been? Price fixing, crooked TV shows, inflated expense accounts. How many honest men you know? Why you separate the saints from the sinners, you're lucky to wind up with Abraham Lincoln. Now I say let us dip our bread into some of that gravy while it is still hot.
voglbop 2 years ago
I disagree. The good life has to do with hard meaningful work, health, good food, family, and caring friends. Lying, stealing, and murdering, are all sociopathic traits that lead to the bad life. Ethics make sense and while no one is perfect, a society that openly accepts sociopathic behavior is one destined to be oppressed.
Hey, yesterday Cramer pumped RIMM- he said they were going to the moon! Well guess what, they missed revenue and crashed. Keep dipping that gravy, pal.
coultrane 2 years ago
coultrane-
I'm glad you disagree with the quote from the 1963 movie Hud. We are on the same page. My point was that blind greed has always been here. If you have not seen the movie check out a small youtube clip:
watch?v=E1TOWhU7dik
From what you have said about morals & ethics I think you would really enjoy it. The whole movie is here:
watch?v=9gwzwPesec8
Crammer? Yikes! A fool and his money..
voglbop 2 years ago
Likewise, many people double and triple their money playing roulette. That doesn't make it a wise move.
foolcow1976 2 years ago 2
Card Defaults Surge in August to 11.49%, Moodys Says
U.S. credit-card defaults rose to a record in August and more losses may lie ahead as delinquencies climbed for the first time since March, according to Moodys Investors Service.
I don't know what the 30 and 90 day rates are but they've got to be much higher.
If you miss your payment with FICO, a persons credit score will drop like a rock. How will the credit economy ever return when 15-20 percent of the people can't access credit?
coultrane 2 years ago
Answer: Dollar VAYA CON DIOS! America is set to turn into a 3rd world flea market.
coultrane 2 years ago
NFL and college football games full, Movies ticket sales at a record, Madonna had highest grosing tour ever, Europe is full of American tourists-can't be that bad VV. Keep buying food and silver and storing it in your basement! Good job, educate the people!
Fingerroll4VR 2 years ago
The entertainment industry will always thrive regardless of the economic conditions. It's fact that people will always need entertainment.
tragueelsol 2 years ago
The CONSUMER SLAVES put it all on their CREDIT CARD... What fraction of this economic prosperity that you allude to was produced with real savings????? As far as the Americans in Europe, ar you talking about Goldman, and AIG execs??? WAKE UP.
ThunderMan1969 2 years ago
I was there two weeks ago and Rome, Florence, and the French Riviera was full of Americans.....and tonnes of Russians!
Fingerroll4VR 2 years ago
So the Dow runs up all the way to the FED announcement today, only to backtrack by about 160 points to finish the day in negative territory. Is this more "Buy the rumor sell the news" action? What are the markets trying to tell us?
Trazom24 2 years ago
based on the tech action of today ... it's saying you are hitting a wall of resistance and the short term trend is now likely turning down. the intermediate term trend is still up however ... this will take longer to reverse if it does.
jeff99az 2 years ago
... or I should say "when it does"!
jeff99az 2 years ago
Dollar plunging past 62 week lows...
Flashback!
MOSCOW, June 30 2008 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he believes in a strong U.S. dollar and that U.S officials were working to resolve the country's economic problems, including regulatory mistakes that led to excesses in the mortgage and banking sectors.
March 13, 2007, 6:28 p.m. EDT · Post:
Paulson: Subprime mortgage fallout 'largely contained'
And now they buy 100%MBS of homes with ripped out plumbing!
coultrane 2 years ago
Re: The Toyota worker---Looks like it still holds true...
The Customer is always right! ;)
Stealth0031 2 years ago
Guess the circumstances of the Toyota employee who paid $419,000 for his house b4 the collapse in CA. Was he ill-advised at the time? What's his income? What % of his income is a substantial mortgage pmnt over his head? Assuming no hidden money like inheritances, etc, how can the average American worker pretend to afford such prices for housing? We were all told that as an investment, Housing can only go up, but housing costs in North America are rip-off #1 and have been for decades.
eighteenin78 2 years ago
Right on. Second for me would be new automobile, followed closely by 401k and retirement plans as biggest rip-offs.
Trazom24 2 years ago
ya know... Im not bragging.. but I could see this entire mess coming since 1997.. all the damn details... about as brilliant as predicting a blind alegator will get run over in traffic.. the public though... totally blind
dumber than a load of lumber.
I geared up to a range of freelance from a killer class A motor home, from high end engineering to fix yer toilet. pounding the pavement about two days a month to stay busy. no way bto get a job, ...that pays zip anyway.
cori800888 2 years ago
A lot of things were obvious to the critical observer since the mid 1990's, even before that. What confounds us is how conditions stay suspended in status quo as they do. I felt the way you did 12 years ago, but what I didn't know is how hidden forces keep incongruous circumstances from correcting themselves. Your predictions for housing prices look convincing for ten years down the road, but there are so many hidden influences which prevent the obvious from coming true, I'd bet against it.
eighteenin78 2 years ago
Im an engineering / trades guy.. i could see early that no load of 2x4's, press board siding and sheet rock costing 20k was worth 2 million dollars nailed together. (estabkushed ratio 3 or 4 to 1)
.. it was not rocket science.. now with the boomers retiring there will be a massive glut on the market for 2 decades... housing not lived in or maintained collapses to trash.. prices will fall to the basement over the next 10 years. and be near that bottom within a 3 or 4 years as a wild guess.
cori800888 2 years ago
Dollar index 75.92 - fresh 52-week low.
Trazom24 2 years ago
Fed sees growth pickup, extends debt buying plan
Federal Reserve officials welcomed the improving economy and made a few changes to their debt buying plans. In a statement after their closed door meeting, Fed officials said that economic activity has "picked up" with improved conditions in financial markets. The Fed announced that it has extended its purchase of mortgage-backed securities and agency debt into the first quarter of 2010 from December.
coultrane 2 years ago
GROWTH PICKUP? IS IT ME? This reads like 1984!!! OIL STOCKS PLUNGE BUT GROWTH PICKS UP.. DOUBLE PLUS GOOD....
The reason the Fed extended their purchase of MBS is because NO ONE ELSE WILL BUY THEM. The FDIC is doing the same thing with their LOSS SHARE PROGRAM- or banks profit or you take the loss. Bottom line, if the fed doesn't continue to buy Treasuries the bond market will COLLAPSE! Coming soon to a theater near you!
coultrane 2 years ago
good video playa
windwatcher89 2 years ago
Oil plunges 4% on inventory jump
Prices sink below $70 a barrel following a government report showing a surprise increase in crude supplies. Investors also awaiting the Fed.
The bottom line: Economies run on OIL. So where is our FUCKING RECOVERY?
The Energy Information Administration reported a surprise increase in crude stocks by 2.8 M barrels in the week ended Sept. 18. Analysts were expecting a drop of 2.25 Mbarrels.
coultrane 2 years ago 2
Gasoline stockpiles jumped by 5.4 million barrels, according to the EIA report. Analysts had forecasted a more modest increase of 800,000 barrels.
So, if crude stocks are UP over 200 PERCENT over analysts expectations and gasoline supply almost 700 PERCENT over expectations, HOW CAN WE CALL THIS RECESSION OVER>
Of course, the Baltic Dry Index PLUMMETING and a FLEET OF CARGO BOATS larger than the US and British navy combined sitting idle might be an INDICATOR!
coultrane 2 years ago
Great points. Their own data contradicts themselves.
Trazom24 2 years ago
The Oblama admin. is so deceiving, that to believe the info that the recession (depression) coming from Bernanke is over, is just setting everyone up for another fall. See, for OBlama and the democrats, it's all about getting everyone dependent on government so they can raise taxes and make people's worth less so they can implement their liberal form of communism. This is the kind of change Oblama meant. Hopefully most people are catching on to the deceiver and rejecting him.
Zile77 2 years ago 2
Tyranny is the rule of history and not the exception. Unfortunately, most people in this country think waving a plastic flag- made in China I might add, is tantamount to the experience of Freedom. The fact is that Freedom has been incrementally legislated into a bureaucratic nightmare that was intended to serve the corporations who wrote the laws. When the people of this country are kept from knowing their debt obligations by a secret organization-the Fed, TYRANNY IS CLOSE AT HAND!
coultrane 2 years ago 2
There is more truth in this 6 min video than in a whole year on CNBC. Awesome video. Just awesome. Yesterday marketwatch had a story about Macy's leading the rally. Macys. The same Macy's on bankruptcy watch. I refuse to believe that the big boys with money don't know this information. So that leaves major manipulation. What will be the trigger? Swine flu? FDIC bankruptcy? A major bank failure? Another 9-11? Israel/Iran confrontation? This is making me very nervous.
livefree1789 2 years ago
We are having a recovery; most people don't really understand what a recovery is. A recovery means a return to the ORIGINAL STATE. The original state is what house prices were BEFORE they got inflated. Prices are falling and will continue to fall until they reach the ORIGINAL STATE (which is the recovery); andf then the recovery will be over and there will be a bottom.
Government wants you to believe that the overinflated prices are the original state and that a recovery means re-inflating.
jjenson2006 2 years ago
Comment removed
redmolotail 2 years ago
Dennis Kneale the permabull here for great green shoots and silver linings.
CNBS
pinkcheesegreengh0st 2 years ago
Hey Vision, Just a quick thought about share prices going up, if these companies are cutting their workforce by half, holding off on payment to suppliers and selling off assets ect , then it would make sense that share prices go up ( at least for the short term !!! ) thanks for the great vids and good luck!
rusirious 2 years ago
That's awesome that you have the land to do that! I also plan to grow a large garden now that I don't have to walk away from the home. I'm hoping I can feed most of my neighbors and all of my family if I have to. There lots of rabbits, deer, and wild game with a pond in the back and lots of perch, bass, cat fish, and walleye to catch.
jcattera 2 years ago
Hey guys,didn't you hear?The recession is over!!!Wall Street has recovered,Main Street just has to wait a while longer.Go out and start spending people,your country depends on you.
mcap52 2 years ago
Printing money: More money chasing the same amount of goods - things go up!
ozwasp 2 years ago
Right on.
t4ac3y1 2 years ago
"a fool and his money are soon parted"
aw3212 2 years ago 2
Very, very well said my friend.
zae333 2 years ago
Dr Martin Weiss has turned inflationist after 27+years.The function of the market is to make fools of us all,however the function of government is now cronyism,nepotism and guangxi all on steroids.Those in the inner ring are saved whilst the socially arctic are ignored,ie you and me.
Yet have seen figures of $47Trillions have been deflated in the USA alone since Aug.2008,whilst gov. inflating is about $13Trillions-still a huge short fall .What do you think?
justjacqueline2004 2 years ago
When the market tanks, what do you think will happen to all commodities, including gold and silver? It is impossible for the Fed to re-inflate. It's like blowing air into a balloon with a hole in it.
donharlan1 2 years ago
really simple..put up or shut up..short your list plain and simple..and we will watch you sweat your ass off while they just keep going higher and higher...
9secondsflat 2 years ago
When did he recommend shorting stocks?
foolcow1976 2 years ago
THAT IS MY POINT...he never once said he is shorting these companies that according to said expert will go bk...also is he short the dollar how about the treasury etf??? answer NO...just like his idle peter schiff who is a major bear...he was negative in 2007 and 2008 yet his customers/clients who he designed custom portfolios all BLEW UP....he speaks out of his mouth one way yet acts another....this guy is full of shit...PUT UP OR STFU
9secondsflat 2 years ago
its not a secret that I own bear funds. And I have said in in previous videos that I would hold off on shorting the market until the end of this month.
visionvictory 2 years ago
What the heck is a bear fund?
If you are invested in a stock or commodity you are betting on an upward price (bullish), if you are shorting you are betting on a downward price (bearish).
At least that's what I thought, please explain.
Thanks.
voglbop 2 years ago
Your implicit premise is that anybody who believes that stocks are overvalued ought to short the market. This is a false idea.
There is a saying on wall street regarding short-selling: "The market can stay irrational longer than you can stay solvent." It is simply fallacious to say that shorting is always a good idea if you think stocks are overvalued, because it is still a gamble. Decisions always have to be made rationally based on the possibilities of risk vs. reward.
foolcow1976 2 years ago
sorry...you fail...this person clearly says these companies will go BK this year...that means close to a buck or less... from double digit...so if you are a doom say and preach fear step up to the plate and put up or shut up....peter schiff has not made jack squat this year for his clients that he directly manages money for...they are down....
9secondsflat 2 years ago
First of all, you are either lying or ignorant when you say that Peter Schiff directly manages money for his clients. He is a broker, not a fund manager, and each clients' account is unique. So you really have nothing to say in this area, unless you have hard statistics showing that, on average, his clients are doing worse than the US stock market this year. This is impossible, because that is not public information.
Aside from that, you didn't actually address my point.
foolcow1976 2 years ago
You cannot say after-the-fact that people who bought these overvalued stocks made a wise move. This is akin to telling Ashley Revell that he made a wise move by betting his life-savings on "red", just because he ended up winning. Their profits depend entirely on the ability to sell to a greater fool.
foolcow1976 2 years ago
(I beleave) When the banks got bailed out They all bought(buying) the stocks bonds and houses from us at the lows, pumped (pumping) it up. And they are selling them back to us (401Ks, IRAs, tax breaks, ext) for a big gain. Wish I'd thought of it, Oyea I did. FOOL you twice shame on you.
jefferyconnors 2 years ago
This fool just made a fortune.
Fool-Aid is the answer.
swankrecords 2 years ago
Good video Daniel. How long before Hyperinflation? Keep 'em comin'!
veritasfiles 2 years ago
Telling it like it is
njedinjedi 2 years ago
I was at Wal-Mart today and they have really cut back on inventories. You could drive a mack truck down the isles. I asked an employee why the scale back, and she said they made isles bigger because that's what customers wanted. That is total BS! I also noticed gas cans went from $9 to $13. Those buildings used to be packed with stuff, and now very airy feeling. Maybe Wally World is having a hard time with the always falling prices, haven't seen those commercials for awhile.
surviveTHEtimes 2 years ago
your clueless....we have four walmarts near us and everyone is packed..isles are not empty...your just a fool living under a rock...
9secondsflat 2 years ago
Walmart is how you measure it!
TABOOVSKNOWLEDGE 2 years ago
Why not? - They force sellers to sell for just a few pennies over cost of production, so everything is price sensitive, almost everything in store is made in China. More people shop Wal-Mart than anywhere else. I used to work at a Wal-Mart as a stocker and I'm telling you the 180% larger isles isn't because the customer wanted it, the store didnt get any bigger, it was completely redesigned and there's less inventory.
surviveTHEtimes 2 years ago
Wal-Mart is scary!
Why do people go home?
Just live there!
TABOOVSKNOWLEDGE 2 years ago
You mean Chinamarts. America is in love with the garbage made in China, sold to Americans with falling incomes.
curiousEGM 2 years ago
Wal-Marx
Always corporate greed...Always.
jcwitness 2 years ago
400 some rateings and 301 views now thats a new one....
teaparty10101 2 years ago
Heard about the fires near you. Be safe.
NibiruMagick2012 2 years ago
wow thank you again Daniel. I'm really starting to get really worried about it finally happening. Do you think we are in for years slide or months?
overlordsshadow 2 years ago
Because of the massive shift in consumer spending(baby boomers) we are looking at more than a decade.
visionvictory 2 years ago
How bad do you think it'll get in the near term - next 3 months?
TracyM1974 2 years ago
also in 1930 s when fdr confiscated gold
there where 6 million ounces
and your history books taught you every body turned it in and the goverment
was left with 2 million ounces
wait 2 million ounces
where did the other 4 million ounces of gold go?
i dont know?
maybe to canada or mexico
just food for thought.
gazoorap 2 years ago
WTH, 400+ ratings and yet only 300 views. Truth suppression?
ocpproduct 2 years ago
Read End The Fed by Ron Paul and watch a 20 min vid by G. Edward Griffin called Collectivism vs Individualism.
chucksheen 2 years ago
Thank GOD!!!!!!!!! You get it!!!!!!!!!!!! Yes . . . this is a true BS Rally . . . this rally is about getting the sideline money back in the market. When it does . . . the hammer will come down!!! All of my money is in overseas stocks.
UpTick21 2 years ago
gazoorap 2 years ago
people have to fix there cars point 1
women will still go to hair salons point 2
for now lawyers and docters will still do well point 3
people who work for goverment will be getting by and higher oficals dont care benfits health care and more pension benfits point 4
dont waste your time on them they will see it when the dollar loses half its value maybe 95 percent
they will be panicing
and you buy a new car with 1 gold coin
go to hair salon for half a silver dollar
then they will care
gazoorap 2 years ago
Mmmmm 301 views and over 600 ratings...
SAMBUSA2 2 years ago
This has been flagged as spam show
thenorthwatch has been suspended!!!!
bill1328 2 years ago
sitting here today
looking at new yorks tomorrow
DXY futures 75.96
13 bps from
an ugly space in time...
chena3 2 years ago 2
I'm not working for free!
DEMCAD 2 years ago
Wasn't the DJIA supposed to hit 4,000?
When's that going to happen?
jmuthafinb 2 years ago
Sometime between now and feb 2010 IMO.
visionvictory 2 years ago
So please: tell us your prediction for the approximate timing of the peak inflection of this fool's rally.
adamitshelanu 2 years ago
He said around 10,500
aktlc123 2 years ago
I think it has peaked. I really doubt there is another 700 points left in this rally. The big boys are eyeballing each other with their hands on a giant red sell button.
donharlan1 2 years ago 3
Rated, widely shared and clicked.
Lucid and concise, as usual.
Greetings from France.
Still feeling sick after learning about flash trading.
Hanging on here, hanging on . . .
slobomotion 2 years ago
thx :)
visionvictory 2 years ago
US Dollar Index just went below 76 8:30 pm EST
truthsabre7 2 years ago
thx for the update, gold looks like it might break a record this week. :)
visionvictory 2 years ago
It now looks like $1000 is the new bottom support for gold.
truthsabre7 2 years ago 3
I meant PST
truthsabre7 2 years ago
Outstanding use of statistics supporting your points, an extremely well researched and presented view of economic trend which I happen to agree with as well. Kudos.
econewpower 2 years ago
here we go DXY 75.94
11.26 pm est tues.
chena3 2 years ago 2
I love it daniel: "The real recovery [of real estate] is prices going DOWN" Take the red pill homeowners!!
xfiles987 2 years ago 3
are you saying that real estate market will continue to go down?
moniequa 2 years ago
Real estate will go down more. I hope it will settle around 1997 levels. BUT the problem is with the US$ - maybe it will cost $1000 for a can of spam & $10000000000 for a house - pray this DOESN't happen as savings will be wiped out!
xfiles987 2 years ago
Its going to happen. I don't think God can save us from our stupidity. We're a bunch of greedy fools who bought what we couldn't afford.
moniequa 2 years ago
It's teh jobz, stoopid.
SchiffnShive 2 years ago
DXY futures
76.01
tues
11pm est
chena3 2 years ago
Well said!! I'm an appraiser in the So Cal area and this little sugar high that we're seeing in some of the markets is scarey. America just has to have its 'bubble".
grizzlemeat 2 years ago
Thank you - you are so right about the fake "green shoots". When those ARM's reset this fall and we have weak Christmas sales, our country is screwed.
doctorjn 2 years ago
they are "green shoots" green bamboo shoots under the fingernails of Americans eveywhere
centervilletn 2 years ago
I think the only stocks that have real value are gold mining stocks. The companies have the rights to the gold in the ground.
pgguy3 2 years ago
Absolutely correct. In fact, if there is another bubble to be inflated, it will be gold mining stocks. Personally, I am buying Jan 2011 options on GDX with some of my gambling money.
donharlan1 2 years ago
Company Execs (the guys running the companies) are selling their stocks like there is no tomorrow... what do they know??
ChromeClapper 2 years ago
cslfinancialgroup. net and europac. net
visionvictory 2 years ago