Economic Collapse Update (October 1, 2009)

[showem88]

I just had to leave a comment, great video!

[fallisfavorite]

why does my calendar have no holidays after 2012 except mexican holidays.

[cdmcl3]

hang in there, derek--the flak notwithstanding, etc.

[mamcointl]

Dude, make a deep research before talk...

gold and silver is not going to work after 2012 collapse.

[endlessmountain]

i have, and have explained it about nine times or more based on solar panels and cleaner energies.

Dude, get educated on the situation before making these comments.

[maddympkv]

food and water will work pretty well 0_0

[JOB4ACOWBOY100]

You know I played 18 seconds of this and wanted to stick a letter opener in this big nosed bastards tiny ass head. Buy gold, kill large animals for their fur and trade them for goods and services. Mine for silver, get a fuckin clue you crazy bastards.

[ehswan]

I so like people with "safes" in their houses as I simply point a gun at their heads and have them open their "safes".

[maximuslt90]

what if the person with the safe has a gun...

[johnny9148]

this is brought about bt the new world order of assholes no can predict the future get a life and analize this! to many ppl on you-tube telling you to buy gold get out of stockmarket all this assine shit from you-tube could cause a collaspe

[endlessmountain]

No One can predict EVERYTHING than can happen, but predicting bits and pieces is very easy.  Was Nostradamus only super lucky like the Denver Broncos to go 4-0? No, he must have used the law of attraction to be able to do this, mixed with a major want in his life for this. There are thousands of great people whom have done much better than law of average chance in predicting.

[JOB4ACOWBOY100]

Nostradamus was a bearded bitch! Who wouldn't know shit from cake!

[tunicanl]

you sir have a small head.

[gorerydr]

I just wanna pop it, like a zit.

[Ganbareg]

maybe his shirt is just a little on the large side, wish my collection was.

[maximuslt90]

you sir can shut the hell up and don't say anything...as if your fucking comment makes him smile...asshole

[camrubel]

Down on your Mother!

[19fas88]

buy it @ apmex

[RadioTrunews]

Cheer for this, nice to see another clued into what is going on with these global elite people.

Cheers, Lee.

[freedomfighterone]

What's the economic and unemployment situation in Canada?

[endlessmountain]

in comparison to USA, better but still bad

[jinessesea]

Derek, Is the S&P moving average at the level where you could go long FAZ yet? If not, when would that be?

Thanks for a great video!

[endlessmountain]

Use XLF for this if you are using MA for a longer intermediate term play. They resemble each other closely. The 50day MA on XLF is 14.23, and it closed at 14.29 above it. My rule of thumb is if XLF has had a declining 50 day MA for at least two days in a row and a close below it. This can trigger a reversal pattern for better risk/reward plays.

Fundamentally, the play is to get in now and technicals require some time.

However, I recommend risking what you can afford or hedging losses.

[ozwasp]

I can hear crickets.... I would've thought Canada would have been too cold for them???

[loai050]

A very clear status report, ta ta very much Derek.

[dreadz808]

unlike the state though canada has its resourses crops, oil and industries yes?

[endlessmountain]

Yes... I live in an area with an excess of water and this means that I can get it for free and it is as clean and fresh as you can get without having to pay for it. Ontario and Quebec has a heck of a lot of fresh water. I am not talking about Lake Ontario, for that scares the bejesus out of me to drink.

Many other great resources like fresh trees makes it a nice country and a place I am happy to be in for survival mode.

[dreadz808]

Endless your from Canada, correct? Are you seeing any impact of this financial crisis were you are? Just that i have family out there and there not seeing it

[endlessmountain]

it has affected me personally with my layoff a few years ago, and yes I do notice it with some others. Our banks are also not lending as much and when we use very similar techniques as the states, we are going to get affected

[sundown858]

Thanks for answering my email question in the video. That was cool!

[endlessmountain]

your welcome :)

[whiskerchild]

Good vid

[dankeewolnir4042]

i got some of those 999 fine silver ashtrays for less than the spot price, i guess because not many people give a shit about ash trays. some of those peruvian coin ash trays and the like... on ebay, some of them were 3 ounces for 25 bux. make good decor, and if it ever came down to it, they could be melted down.

[ScottcNehrer]

Wow smoooth come-up. where did you score the ashtrays?

[dankeewolnir4042]

ebay... some of them were more than spot because people realize the worth of the silver, but some were just auctions from housing foreclosures and others just couldnt sell them for what they were in their weight in silver. This was back when silver was at like 12/oz or so. you can also just catch a low bidding one right before it ends.

[ScottcNehrer]

cool thanks for the info.

[SolitonPL]

This is what I doing right know but in Poland! I'm buying silver numismatic coins for which there is very low numismatic demand & interest but they are made almost 92,5% from silver. You can shoot occasions some times for half of the silver spot price value. I'm not kidding. Funny in the different categories of auctions people are buying silver bullion bars & coins paying even 75% over spot ;) only becauze there are named silver bullion ;).

[onijdes]

I liked how you put the subjects into the info box along with a link to go to that point.

Thanks!

[iloveterriers]

I think Bernanke is a great actor.

[DEMCAD]

Bernanke is a great liar.

[1mealperday]

davincy ,,,normally you would be correct.

Normally the FDIC is well funded, but now they are broke!

[Djelomou]

Derek,

Everybody recommends buying physical gold and I think it is a good idea but I live in Thailand and have no clue where and how I can buy physical gold or silver.

I tell people to buy gold but no one knows how...some insight?

Thanks!

[undekegamisou]

buy from perth mint, australia and get it shipped to you

[Djelomou]

thanks I am checking this out!!!

[EvilUSAandthe911Lie]

Here comes the crash!

But there will be no rally after this one.

[ray12970]

Thanks Derek ! Well said

[odin422]

kickass vid bro

[1984IcameandIstayed]

what is your take on the possibilityof the UN rushing in and imposing just another form of fiat currency when the dollar collapses? do you think that the world will be in such a panic that we blindly accept it? that is what i'm afraid of. As rockefeller said: "we're just one good crisis away from a NWO."

[endlessmountain]

it may get accepted, and maybe forcely imposed. Either way, this would collapse soon also (soon as in a few years, and at most a couple decades.

[detroitgreeks]

Good job!

[nicopetromac]

Watch

v=zyit-Uw9q58

Blessings

[MimiZ914]

How can any of us be doing magnificent when we've got all this crappy news swirling around us?

Do you ever lighten up?

[endlessmountain]

my strategy is to see the worst for the best. Meaning I see the dollar collapse as good for this is a necessary step towards freedom and elimination of human slavery. Along with acceptance for what is, it works well for me.

Also, its better to be positive than negative, for when you have negative thoughts then neg creations happen and positive thoughts is pos creations.

Its hard to break out of fear, as I am still in the process of the event.

[GuildF40]

thanks for the up date.

[drutter]

Hey Derek, have yourself a MAGNIFICENT day.

[endlessmountain]

thank you very much. All the best to you, as its difficult to go through the situation that you have commented on. I always see a light at the end of the tunnel.

[capcom101you]

Thanks for the award winning journalism. Very good reporting work on everything.

[icebreaker7]

Great Video

[davincij15]

The odds of a bank run is closer to zero than 50%. Why?

The government can and will decree that it will guarantee 100% of deposits if there is a panic. Remember last year money market accounts where not backed up by the FDIC and the government guaranteed them ALL after they broke the buck.

Your money is safe in the bank the problem is will it buy anything.

[wcarlpdrysdale]

nice call with the "backbernernnews" sub thks :)

[BackBurnerNews]

Hey Endless great video and thanks for the shout-out!

5*

& fav'ed

[theanswersofnwo3]

I have over 8 pounds of silver and I put it in my safe at home.

[loveguitars]

Great Video

[DigBreamer]

I see you've got a picture of a silver coin in the background at $1000 an ounce...It's good, I like it and It's can be achieved.

If everyone on this rock just bought 1oz of silver the price would go to the moon. If only half the people bought 2oz... If only a quarter bought 4 oz.... if only more people would just buy!!!

[jcf186714]

the bail-out only bought some time before the eventual crash

[endlessmountain]

yes, some have taken advantage of this time. most have not.

[PestControl02]

thank  you!

[goscott4]

THANKS Derek !

[dadcamp]

Thank you For your video's,

A lot of good work, keep it up.

[chromedreamz]

thannks for videos!

[toshibavoodoo]

great

[MonteCristoRecords]

I am more concerned with the return of my money

than the return on my money

Mark Twain

[rjbbrwn]

Thanks Derek : )

[SGDeGalvez]

derek, is the canadian central bank corrupt also?

[endlessmountain]

Yes, in fact I would guess they all are as having a monopoly on the supply and then charging interest on it is very corrupt

[phishydpak]

Great video, I subscribed via that fred video. I'm still trying to learn a bit more about all this economic stuff and I think I'm getting there slowly. I understood the bank run/holiday though the VIX and S&P thing totally just made me go "O.O". Good video though ;P

[endlessmountain]

I can understand... sometimes it takes time to figure things out (if it is even for you to figure out)

Some stuff some may never figure out, and I know with the stuff I can not figure that is not related to these vids

[ILovelisanova]

Endless,

What do you think about the miners?

 NG, SLW, and IVN?

[chromedreamz]

i love SLW, However it's up like 80% over the past yr, Their not real miners. They purchase silver produced as a by-product of gold mining, and it is the world's-largest purely silver company-so u cant go wrong.

I am bearish on silver (thus SLW) in near term when market collapses in next 4 months, after they drop 20%or more ($7-9), it's a strong buy, wait a few months. 5yr high is 17, now at $12

Of course I'm probably wrong and maybe should disregard this messsage completely

[endlessmountain]

I am not a fan of stocks now as we are heading closer to 2010. This is the period of time, where anything in dollars I do not like (especially when others are holding it)

I like the real silver and gold and nothing that is associated with paper.

You are not only trying to figure out price action (which can be hard enough), but then try to pull the money out before the bank runs start.

[bookbinder66]

grt8 vlog good lay out love the more info stuff thanks

[slobomotion]

Yes, a bank run/holiday in the USA seems very, very likely to me in the near term.

Just ordered my new Web Bot report via snail mail. Away and too busy to do it sooner.

A professional contact here in France today was just in the USA and looked at some Fox TV news, and he was, like, it was so false! They showed some demonstrations and the footage was from the 1970s and they were saying it is current! I didn't even go there. Changed the subject to about how French TV news promotes fear...

[NibiruMagick2012]

great report...

[Electro5511]

i hate your goofy voice, but you make very good points. Thanks.

[GSDebunked]

lmao, dont sugar coat it

cheers for the update mate

[slobomotion]

I know -- and I've corrected his grammar. He agrees, it's bad. Whatever, he's great, I'm an old subscriber. I have years of investing experience, was a registered rep, lots degrees and licenses, and I still learn stuff from this guy!

[endlessmountain]

I admit to it (yes), and I happy that you are learning from me :)

[firesim]

Excellent video. Thank you for all u do.

[R6bbie]

off to a good start :)