The banking industry is the problem. Argentina solved it by using software created by John Turmel a Canadian banking systems engineer. They used the software in local communities to create their own currency, reducing inflation from 1000% to 36%. see also dollarpages [][][] org from some very unique info. Particularly, people need to read the page on Bankruptcy Elimination, where they can learn about the mortgage rescue program of Sovereign Trust. For $1000 they buy your debt... read dollarpages
The only industry that can pull us out of the situation is the military industrial complex. If you study the great depression, WW1, and WW2 then you'll see that war was the only way (other than just dumping derivitives). We are being forced into war by the ruling class of wealthy for them to have greater control over us. Btw, the bankers, the Rothschilds and Rockefellers funded all the sides to the world wars, and also started the idea of the United Nations. We're walking the plank matey!
I once suggested that the federal govnt buy up GM (who everybody hates anyway), sell off the hard assets and make all their patents,research (and ideas that GM bought outright and shelved) all PUBLIC DOMAIN. Imagine all the new startups that would happen around this. IPO city baby!
1) Real estate will slowly crash down past 1999 levels in all areas. L shaped bottom. More forclosures, more resets, more bullshit for 3-4 years or to 2012.
2) Stock market will move violently in all directions, as there will be no difinitive market movements. Traders will love it. 401k holders will give up.
3) There will be inflation, probably stagflation like the 70's. No hyperinflation for all of you doom and gloomer assholes.
Also any development of ideas based around energy conservation or creation would certainly be in demand all over the planet, as long as they are sustainable, clean and efficient, and don't lead to the depletion of other resources such as food.
Americans will need to fight back against Big Brother controls of money, and the Corporations that now dominate to be able to do this.
@vision - more good points. but anything that challenges the big energy companies have a uphill battle. Also..in a recession/depression no one will want to spend on or invest in these type of projects...except the government (w/ our tax dollars)
American arms manufacturers and dealers are doing really well right now, so too big pharma companies, especially those producing vaccines.
Not sure how much that will benefit the American people as a whole, but as the home of the Internet, I think what could turn America around could be millions of independent and enterprising Americans setting up small businesses that utilise and develop the technology fully.
@vision - lot's of good examples. but, those that you mention can not pull the whole of the US out of this black hole. The vacuum from the real estate & financial collapse may just be too large that nothing can pull us out....except time.
This is why they continue to create bubbles. You really want an economy with everything. We aren't Switzerland, so we can't soley rely on banking. We need to be competitive in all industries, just like we are at the Olympics!!!
I warned you my fellow Christians, THE END IS COMING! Depart now from all form of unrighteousness such as fornication, homosexuality, pornography, watching violent entertainment, drug abuse, smoking, gambling, cursing, bullying, revelries, pursuit of money and idolatry etc. LEST YOU BE FOUND NOT WORTHY TO ENTER THE KINGDOM OF GOD.
A volcano situated in the US will erupt not far from now, when this happen you will know that this warning is from God.
For years American companies have been in a race to lay off as many workers as they can as fast as they can, preferring to outsource or hire illegals. Putting Americans citizens back to work would reinvigorate the economy and restore enormous confidence.
It's a two way street. Mexican's are less likely to sue for sexual harrassment, claim workers comp, for unions, and do a whole bunch of other shit companies have to deal with. Some of it is serious, but most legal forms against companies are crap.
Simple solution...Ok try to think logicaly for the next 30 seconds, Imagine a world without: war , poverty, debt, crime ,polution, these are a few things MONEY creates its like a green house gas that effects our lifes and only benifits the ELITE, if you ever want to live in a better world abolish money, join togeather as people not countrys...if you have not watched Zeitgeist addendum yet watch it.. WE DONT NEED MONEY!
If congress agreed to pass a bill that was to give each and every individual American 1 million dollars to do with as they please people would not be losing their homes and people would be buying thing they need and they would not be as worried as they are right now and it would cost congress less money then they spent on the bail outs.
imagine that.
but they cant make money this way the want you to loose everything so they can liquidate it and profit.
@pettyoffice - instead of giving the people the million bucks, the government giving it to the Wall St. elite. And then they hope that they will spend it and it will trickle down to us lowly creatures.
Solutions: Artificially reflate the housing market by increasing the mortgage interest tax credit and phasing it out entirely over 50 years to pay for it. Expand our foreign embassies into small cities to remove a chunk of unneeded housing from the market, improve our ability to develop products with worldwide appeal, make our citizens wiser, WMD proof, and regain our credibility as a nation committed to world peace, human rights, and equal opportunity for all of mankind.
But the world knows that by buying foreighn products that it can damage their home industries that are vital to their econemies.
Hence the emerging power of the trade bloc which is surpassing the nation state. This is how the EU managed to surpass the USA in GDP, expected lifespan and foreighn aid.
"But the world knows that by buying foreighn products that it can damage their home industries that are vital to their econemies."
If that were true why would nations ever trade? I'm not disagreeing that it is 'common knowledge.' But its like Sam Clemens used to say "It aint so much what people don't know, but that they know so much that aint so."
Trading is enhanced by being able to create binding contracts with entities in other nations and that's what is driving international law.
@ananiascts - solid points...on the surface. if the world were more of a fair playing field. But this just aint so. Big Biz and Gov't have been pushing this free trade story for 2 things. to sell more and to lower there product cost (meaning reducing your income). In addition this may lead to a reduction of our freedom and US sovereignty. thank you for your comments!
ania)))))))))) thats going back to business as usual, wont work. besides our(US) civilization will not reemerge from this. I am not given to radicalism , but the facts our at our front door ,the rest we can extrapolate. riots and food shortgages in fall are certain. tell me im wrong , please!
I don't think all cogs need be dumb. I wouldn't call the web of life monstrous, but I do have to admit it is a reasonable accurate description of our reality. We are basically cogs in a very complex machine. But no conscious entity is responsible for it. Why is knowing that your real worth is just a function of how useful you are to everything else so bad?
@wogi5m - hang in there! You guys are doing great compared to the rest of the world. How long this will last, i don't know. but when all is said in done. your country should come out fine. Regarding the AUD, it should strengthen over time. but...in the interim there's going to be a lot more volitility
sal (from the kahn academy) uses the capacity utilisation as an indicator for inflation. he predicts a rise of the personal savings (from 0 to 10 %) which would effect the money in circulation.
inflation, deflation and capacity utilisation (1 of 3)
hey growby,i think that the hyperinflation will kick in 2 years from the date that bush did the first bailouts in sep 08 ,to me its already showing but low gas prices are taking the bang out.
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.
i believe that there is a very high chance some form of hyperinflation will occur in America i think the USD might become worthless paper. Watch your step!
Thats okay just keep it in your pants buddy theres no need to be surprised. But am i trying to be original as you suggest? do you disagree with me? Am i unwelcomed to post my final judgements? Your kind thoughts are welcome but mockery are not. Yes i agree with Peter Schiff and your right i am 'keep on' drinking that stuff infact it amuses me thank you :) hmmm
I used to be a die hard Schiff Head. Now, I realize that it's easier to profit from the market than to buy and hold a bunch of bullshit. I buy commodites and still listen to him, but I form my own opinion.
...and if that's not enough to piss you off, just wait and see who scoops up all the farms, oops, I mean real estate and businesses for pennies on the dollar when everything finally collapses, and with who's money!
What will get us out of this depression is actually quite simple: mark down the debts to the ability to pay and let the creditors take the hit, not the taxpayers. That's how it's worked for thousands of years:
3pwAFohWBL4
Michael Hudson explains it like this: the largest contributor to the political campaign is the financial sector. This administration and the one prior has decided that Wall street matters more than the economy.
nanotech. whether it be computing on the atomic level or robotic white blood cells. nanotech is the next "big" thing sence the advent of making fire and the wheel. its has the power.
I think companies like Tesla "Electric Cars that get 250 miles to the charge and perform like a sports car" something to watch. If they create a Camery type car skys the limit with an electric car revolution. also Solar powered homes in sunny states may become a reality, if the technology is born in the states then we can manufacture and export to other countries. simple ideas like solar for pool equipment as a break in point for cost savings etc.
Excellent points Growby. The only meaningful exports we have are aerospace and military. Commercial aerospace is going down the tubes along with the rest of world economy, so all we really have left is our war machine industry, but that wont be enough to help us out of the forthcoming depression. Job losses are mounting, credit are lending are tightening -- we are in the very beginnings of a depression that will make the first one look like a cake walk. Stock up people.
The only idustry that will help the US get out of this mess, is for it to change back to an exporting country. This false, service and consumer based economy is dying in front of us.
The only industry that has the ability to lift the USA out of this terrible pedicament is the alternative energy field... not as in bio diesel or wind power but ala Col Bearden and zero point energy. The physics are there its time to engineer the energy revolution...
I am swedish, but i feel horible, for all you americans, that now have to be completely ripped off by all your free markets. It seems the american dream is only ever lived by the leaders of your large corporations, who you all now still have to pay even more so they can keep living the high life.
Yesterday was my birthday! I am awake buddy, but I have reservations about the future. It is just the beginning of this ride; good luck! In any event, I will see you when it's over.
Sigh, I hate to say it. Nobody wants war, but the great depression of the 30s had a war that reduce the world population notibly. This soon to be great depression number 2 of our age, doesn't. We have grown too numerous.
I don't really pay attention to what they say...but rather WHY THEY SAY IT.
They are desperate. They are almost at the end of this game and have nothing to lose. They prob think that this attempt at being open and revealing the "truth" will restore confidence...believing that uncertainty of something catastrophic is worst than a certainty of something really bad.
and prob hoping that people still don't realize how B A D is really is.
The banking industry is the problem. Argentina solved it by using software created by John Turmel a Canadian banking systems engineer. They used the software in local communities to create their own currency, reducing inflation from 1000% to 36%. see also dollarpages [][][] org from some very unique info. Particularly, people need to read the page on Bankruptcy Elimination, where they can learn about the mortgage rescue program of Sovereign Trust. For $1000 they buy your debt... read dollarpages
vhsjvc 1 year ago
See beyond the physical.
Open your eyes to what is really "out there" by first of all looking within.
Our reality is nothing less but slowly vibrating LIGHT/Energy that is crystalized in fractal geometry that is always changing with our awareness.
Our perception / experiences in this world, are the only REAL THINGS per se. user/kellyneill, learn of what quantum physics tells us.
pay more attention to your inner voices and spread this message to as many people as you possibly can.
Wayshower1982 2 years ago
SPELL CORRECTLY JEEZUS
swajblogger 2 years ago
you're painful to hearing to
swajblogger 2 years ago
The only industry that can pull us out of the situation is the military industrial complex. If you study the great depression, WW1, and WW2 then you'll see that war was the only way (other than just dumping derivitives). We are being forced into war by the ruling class of wealthy for them to have greater control over us. Btw, the bankers, the Rothschilds and Rockefellers funded all the sides to the world wars, and also started the idea of the United Nations. We're walking the plank matey!
Captaintoottoot 2 years ago
@Captaintoottoot ARRRRRR!
theswamprat1776 2 years ago
@Captaintoottoot
do what you want cuz a pirate is free
you are a PIRATE!
inb4 iran/us conflict starts ww3
LeadPaintSandwich 1 year ago
get to the point man
blasvida68 2 years ago
The answer is they will behave the same way in about 80 years.
Masonictoaster9 2 years ago
I once suggested that the federal govnt buy up GM (who everybody hates anyway), sell off the hard assets and make all their patents,research (and ideas that GM bought outright and shelved) all PUBLIC DOMAIN. Imagine all the new startups that would happen around this. IPO city baby!
infernalhammer 2 years ago
My predictions for 5-10 years.
1) Real estate will slowly crash down past 1999 levels in all areas. L shaped bottom. More forclosures, more resets, more bullshit for 3-4 years or to 2012.
2) Stock market will move violently in all directions, as there will be no difinitive market movements. Traders will love it. 401k holders will give up.
3) There will be inflation, probably stagflation like the 70's. No hyperinflation for all of you doom and gloomer assholes.
ohio1998 2 years ago
Also any development of ideas based around energy conservation or creation would certainly be in demand all over the planet, as long as they are sustainable, clean and efficient, and don't lead to the depletion of other resources such as food.
Americans will need to fight back against Big Brother controls of money, and the Corporations that now dominate to be able to do this.
God bless America!
010vision 2 years ago
@vision - more good points. but anything that challenges the big energy companies have a uphill battle. Also..in a recession/depression no one will want to spend on or invest in these type of projects...except the government (w/ our tax dollars)
Growby10 2 years ago
American arms manufacturers and dealers are doing really well right now, so too big pharma companies, especially those producing vaccines.
Not sure how much that will benefit the American people as a whole, but as the home of the Internet, I think what could turn America around could be millions of independent and enterprising Americans setting up small businesses that utilise and develop the technology fully.
010vision 2 years ago
@vision - lot's of good examples. but, those that you mention can not pull the whole of the US out of this black hole. The vacuum from the real estate & financial collapse may just be too large that nothing can pull us out....except time.
Growby10 2 years ago
This is why they continue to create bubbles. You really want an economy with everything. We aren't Switzerland, so we can't soley rely on banking. We need to be competitive in all industries, just like we are at the Olympics!!!
ohio1998 2 years ago
New energy sources and food. I wonder about a massive way to do geothermal.
Masonictoaster9 2 years ago
This has been flagged as spam show
.
I warned you my fellow Christians, THE END IS COMING! Depart now from all form of unrighteousness such as fornication, homosexuality, pornography, watching violent entertainment, drug abuse, smoking, gambling, cursing, bullying, revelries, pursuit of money and idolatry etc. LEST YOU BE FOUND NOT WORTHY TO ENTER THE KINGDOM OF GOD.
A volcano situated in the US will erupt not far from now, when this happen you will know that this warning is from God.
.
conceil8 2 years ago
For years American companies have been in a race to lay off as many workers as they can as fast as they can, preferring to outsource or hire illegals. Putting Americans citizens back to work would reinvigorate the economy and restore enormous confidence.
infernalhammer 2 years ago
It's a two way street. Mexican's are less likely to sue for sexual harrassment, claim workers comp, for unions, and do a whole bunch of other shit companies have to deal with. Some of it is serious, but most legal forms against companies are crap.
ohio1998 2 years ago
Simple solution...Ok try to think logicaly for the next 30 seconds, Imagine a world without: war , poverty, debt, crime ,polution, these are a few things MONEY creates its like a green house gas that effects our lifes and only benifits the ELITE, if you ever want to live in a better world abolish money, join togeather as people not countrys...if you have not watched Zeitgeist addendum yet watch it.. WE DONT NEED MONEY!
IBelieveInpeople 2 years ago 2
Comment removed
IBelieveInpeople 2 years ago
☻/
/▌
/ \
FnOzi 2 years ago
ibelieve))) it really means we need to simplify what we do , use and expect from life. Moderation may be a new word to some.
1mealperday 2 years ago
Just my own personal thought.
If congress agreed to pass a bill that was to give each and every individual American 1 million dollars to do with as they please people would not be losing their homes and people would be buying thing they need and they would not be as worried as they are right now and it would cost congress less money then they spent on the bail outs.
imagine that.
but they cant make money this way the want you to loose everything so they can liquidate it and profit.
pettyofficerramsey 2 years ago
@pettyoffice - instead of giving the people the million bucks, the government giving it to the Wall St. elite. And then they hope that they will spend it and it will trickle down to us lowly creatures.
Growby10 2 years ago
Again Ron Paul has spoken about this,
it sounds to me that you are taking what he is saying and putting into your own words.
Why get it second hand when you can get it from the horses mouth?
hmmmmmmmmmm.
pettyofficerramsey 2 years ago
Solutions: Artificially reflate the housing market by increasing the mortgage interest tax credit and phasing it out entirely over 50 years to pay for it. Expand our foreign embassies into small cities to remove a chunk of unneeded housing from the market, improve our ability to develop products with worldwide appeal, make our citizens wiser, WMD proof, and regain our credibility as a nation committed to world peace, human rights, and equal opportunity for all of mankind.
ananiasacts 2 years ago
But the world knows that by buying foreighn products that it can damage their home industries that are vital to their econemies.
Hence the emerging power of the trade bloc which is surpassing the nation state. This is how the EU managed to surpass the USA in GDP, expected lifespan and foreighn aid.
Strettger 2 years ago
"But the world knows that by buying foreighn products that it can damage their home industries that are vital to their econemies."
If that were true why would nations ever trade? I'm not disagreeing that it is 'common knowledge.' But its like Sam Clemens used to say "It aint so much what people don't know, but that they know so much that aint so."
Trading is enhanced by being able to create binding contracts with entities in other nations and that's what is driving international law.
ananiasacts 2 years ago
@ananiascts - solid points...on the surface. if the world were more of a fair playing field. But this just aint so. Big Biz and Gov't have been pushing this free trade story for 2 things. to sell more and to lower there product cost (meaning reducing your income). In addition this may lead to a reduction of our freedom and US sovereignty. thank you for your comments!
Growby10 2 years ago
ania)))))))))) thats going back to business as usual, wont work. besides our(US) civilization will not reemerge from this. I am not given to radicalism , but the facts our at our front door ,the rest we can extrapolate. riots and food shortgages in fall are certain. tell me im wrong , please!
1mealperday 2 years ago
"... dumb cogs in this monstrous machine ..."
I don't think all cogs need be dumb. I wouldn't call the web of life monstrous, but I do have to admit it is a reasonable accurate description of our reality. We are basically cogs in a very complex machine. But no conscious entity is responsible for it. Why is knowing that your real worth is just a function of how useful you are to everything else so bad?
ananiasacts 2 years ago
Hey Growby10, what do you think will happen to the Australian dollar?!?! Thanks
WOGI5M 2 years ago
@wogi5m - hang in there! You guys are doing great compared to the rest of the world. How long this will last, i don't know. but when all is said in done. your country should come out fine. Regarding the AUD, it should strengthen over time. but...in the interim there's going to be a lot more volitility
Growby10 2 years ago
Comment removed
WOGI5M 2 years ago
sal (from the kahn academy) uses the capacity utilisation as an indicator for inflation. he predicts a rise of the personal savings (from 0 to 10 %) which would effect the money in circulation.
inflation, deflation and capacity utilisation (1 of 3)
/watch?v=LXrPdFn7Gn4
7hevo1d 2 years ago
7hevo - thanks man. I'm going to check that out. btw, i just did a new vid about gold and inflation. check it out bro.
Growby10 2 years ago
hey growby,i think that the hyperinflation will kick in 2 years from the date that bush did the first bailouts in sep 08 ,to me its already showing but low gas prices are taking the bang out.
tonmagicwon 2 years ago
This has been flagged as spam show
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.
I love it!
mdimerdder 2 years ago
i believe that there is a very high chance some form of hyperinflation will occur in America i think the USD might become worthless paper. Watch your step!
lthp 2 years ago
wow. original predictions here from Ithp everyone! keep drinkin that peter schiff kool aid.
Astrocreep69 2 years ago
Thats okay just keep it in your pants buddy theres no need to be surprised. But am i trying to be original as you suggest? do you disagree with me? Am i unwelcomed to post my final judgements? Your kind thoughts are welcome but mockery are not. Yes i agree with Peter Schiff and your right i am 'keep on' drinking that stuff infact it amuses me thank you :) hmmm
lthp 2 years ago
I used to be a die hard Schiff Head. Now, I realize that it's easier to profit from the market than to buy and hold a bunch of bullshit. I buy commodites and still listen to him, but I form my own opinion.
ohio1998 2 years ago
...and if that's not enough to piss you off, just wait and see who scoops up all the farms, oops, I mean real estate and businesses for pennies on the dollar when everything finally collapses, and with who's money!
misctrader 2 years ago
What will get us out of this depression is actually quite simple: mark down the debts to the ability to pay and let the creditors take the hit, not the taxpayers. That's how it's worked for thousands of years:
3pwAFohWBL4
Michael Hudson explains it like this: the largest contributor to the political campaign is the financial sector. This administration and the one prior has decided that Wall street matters more than the economy.
misctrader 2 years ago
We need to create Zero Point Energy devices, and sell them around the world!!!!
It would change the USA and the world forever.
But, try to get big brother oil company, and electric companies to let us do this!!!
brovic777 2 years ago
If we know money is created out thin air then losing something that does not exist is not that exciting!
Google MBRestructured.pdf
WoollyNZ 2 years ago
nanotech. whether it be computing on the atomic level or robotic white blood cells. nanotech is the next "big" thing sence the advent of making fire and the wheel. its has the power.
whippoorwillss 2 years ago
I think companies like Tesla "Electric Cars that get 250 miles to the charge and perform like a sports car" something to watch. If they create a Camery type car skys the limit with an electric car revolution. also Solar powered homes in sunny states may become a reality, if the technology is born in the states then we can manufacture and export to other countries. simple ideas like solar for pool equipment as a break in point for cost savings etc.
Bassmarko 2 years ago
Excellent points Growby. The only meaningful exports we have are aerospace and military. Commercial aerospace is going down the tubes along with the rest of world economy, so all we really have left is our war machine industry, but that wont be enough to help us out of the forthcoming depression. Job losses are mounting, credit are lending are tightening -- we are in the very beginnings of a depression that will make the first one look like a cake walk. Stock up people.
donharlan1 2 years ago
The only idustry that will help the US get out of this mess, is for it to change back to an exporting country. This false, service and consumer based economy is dying in front of us.
POSSUMTOHIDE 2 years ago 2
well, it's exporting the military
DavidAKZ 2 years ago
The only industry that has the ability to lift the USA out of this terrible pedicament is the alternative energy field... not as in bio diesel or wind power but ala Col Bearden and zero point energy. The physics are there its time to engineer the energy revolution...
azgartd123 2 years ago
I am swedish, but i feel horible, for all you americans, that now have to be completely ripped off by all your free markets. It seems the american dream is only ever lived by the leaders of your large corporations, who you all now still have to pay even more so they can keep living the high life.
I wish you all well in the times to come.
wowholypriest 2 years ago
Yesterday was my birthday! I am awake buddy, but I have reservations about the future. It is just the beginning of this ride; good luck! In any event, I will see you when it's over.
briankofke 2 years ago
@brian - happy b day bro!
Growby10 2 years ago
What happened to part 1?
CosmicDramaQueen 2 years ago
@dramaqueen. just added it =) check the video comments/response. thanks!
Growby10 2 years ago
Nothing like a good war!
WoollyNZ 2 years ago
@wollyNZ. That's the ONLY thing I can think of too...thank you for your comment!
Growby10 2 years ago
Sigh, I hate to say it. Nobody wants war, but the great depression of the 30s had a war that reduce the world population notibly. This soon to be great depression number 2 of our age, doesn't. We have grown too numerous.
injuredspider 2 years ago
Growby, what are your thoughts on Turbo Tim's new toxic asset plan to be released this week?
Astrocreep69 2 years ago
@astro. Subscribe and i'll tell you. haha!
I don't really pay attention to what they say...but rather WHY THEY SAY IT.
They are desperate. They are almost at the end of this game and have nothing to lose. They prob think that this attempt at being open and revealing the "truth" will restore confidence...believing that uncertainty of something catastrophic is worst than a certainty of something really bad.
and prob hoping that people still don't realize how B A D is really is.
Growby10 2 years ago
yep, my thoughts exactly. I think the FED is stuck between a rock and a hard place.
Astrocreep69 2 years ago
it doesn't exist.. we are going down and nothing can save us.
navtel 2 years ago
@navtel. You may be right. but I HOPE you're wrong. Thanks!
Growby10 2 years ago
seems most likely
atsilnadv 2 years ago