Thank you for echoing my belief that a system that is built on generating debt will always have a fail point. The end of the current economy is coming and unfortunately we will have to see the worst in mankind before we will finally live in harmony.
90% of US banks will fail? What happens to the mortgages that people have with these failed banks? I mean people who diligently paid their mortgage every month and who are not in arrears, what happens to them? Do they lose their homes too?
My friend, if you are a American. Just the fact that you are here on this subject... If you don't know who Gerald Celente is , you are doing yourself a disfavor. All Americans need to listen for 3 min... right here on You Tube... We are at the end of what use to be a great country Americans. Please be informed ... listen to this on
You Tube...
Gerald Celente warns of the next US Great Depression. PART 1 ..
Americans no longer fit the shoes of the founding fathers. they are more intent on have a good time and are too busy to care about the country.
Though some Americans still believe in freedom
and are good people. Sadly more do not care about America.50% Of Americans too lazy to even get out and vote .Those that do vote are like zombies,they vote for Dem or Rep only
the people that have raped looted and gutted America for more than years.
a minority of Americans who are awake are held hostage
Socialism is nonsense. Citizens in a socialist state live with the illusion of entitlement. They believe that the government owes them all kinds of benefits, nevermind on how the government should pay for everything.
Capitalism is delusion to brainwash citizen to make them false message about so called free market. Look at now how capitalism is robbing people banks and benefits the wealthy society.
I am sick of big companies using my tax money for their greed, American citizen needs justice against capitalism. Also interest or usury practice buries the economy.
I have respect for canada policy, they dont declare war on country for no reason. Plus it has free health system that benefits the citizens.America is truly is a greedy country run by billionare who desire to suck peoples blood.
Wouldn't it be great to be JP Morgan, buying 307B in WaMu assets, paying less then 2B, and then if congress passes the 700B bailout, selling probably 10s of Billions of Toxic Assets to us!
That's perhaps a 1000% return on one days work, pretty good deal I'd say, perhaps the greatest in history.
This is going to be played out like a bad movie. Why? Because it's all in the script. Roll em. Don't be surprised! Most of us can read the writing on the wall; we just assume it's addressed to someone else. You know what to do. MOT, you will be my Billy Jack or John Wayne on the ranch! Take your pick. Thanks for the comment, glad you enjoyed the video.
By definition the "lender-of-last-resort" (LOLR) exists to protect the money stock, not individual institutions...to accomodate the illiquid not the insolvent. Doesn't the bailout undermine those principles by trying to actually rescue banks by buying their bad assets at a rate that keeps them from going under?
You cant live beyond your means for long. sooner or later someone is going to call in that debt. US owes trillions to middle east, china, russia, japan, the US current account is a 700billion deficit. you guys are bankrupt.
magnificently furnished, displaying many great masters, with a wonderful wine cellar and an unrivalled library. The splendid gardens, beautifully laid out with the rarest of plants, were its greatest attraction however. It was the envy of kings. The Duke went bankrupt in 1819 and had to retire to Blenheim. The Whiteknights Estate was sold off and the house was demolished in 1840, supposedly by a mob of the Duke's angry creditors
I was lucky enough to study at the University of Reading in UK, and here is a part of its great history:Between 1798 and 1819, Whiteknights was the scene of vast extravagance and wild entertainments, all at the Marquis' expense. It became the most celebrated estate in the Country:
What's troubling is that even if they throw all this money at the bad debt, the underlying problems still remain. The housing market will not rebound til late 2009, at the earliest and that's being very optimistic. Consumer spending is on a downward trend with very little chance of improving. Unemployment is up sharply. Fuel prices are still high enough to curb consumer spending. The fundamentals are all pointing at continued slowing and stress regardless of how much the banks have in hand.
I can't believe Bernanke is saying without the bail out we'll face a certain recession. Is this guy for real?? He needs to be told that the government numbers are inflated and don't correspond to the real economy!!! Our financial system is in a free fall and this idiot is still talking about a possible recession. It's incompetence like this that is probably going to derail the bail out proceedings in Congress.
McDonald's Corporate sent word to franchisees this morning that they need to find alternative financing as Bank of America will no longer provide capital. If the world's largest restaurant chain can no longer get a line of credit, that means 1) BOA is in seriously dire straits OR 2) everyone in the tiers below them, credit-wise, has no chance of capitalization from banks. Things are starting to get ugly.
90% of the banks won't fail because the taxpayers will be forced to take over their bad loans - unless people contact their representatives immediately.
Hey MOT. Another great video - you're a star - keep them coming! Any thoughts on where is safest to put cash right now?? I already have some in gold/silver (physical), but was just wondering if you have any other opinions on safest way to ride out the storm?? Thanks MOT - Braveheart rocks!
OMG!!! Paulson is concerned that lawmakers are wanting to cap executive pay (golden parachutes) for those companies that they will bail out. He says that if the CEO pay is capped then companies may not want to participate with the bail out program. WTF??? I say, let the dumbass CEO's that think this way ride their companies straight to bankruptcy. If they expect to get rewarded for being incompetent, then they're DEAD WRONG!!! Looking forward to seeing you soon MOT.
Remember this was planned. Look at the motives and who will gain more control as each day passes. Look who is becoming the most powerful of economic dictators. Hank Paulson is not a stupid man. He may act like he didn't see this coming but they are selling us the same crap we
saw 7 years ago at this time. Don't fall for their B.S. Question authority and get MAD !
Nouriel Roubini and Peter Schiff both agree. We are going to crash, no matter what. This bailout is only going to "control" the crash, at least that's what they're hoping. Schiff thinks the bailout is going to destroy the dollar completely. Prepare people.
It is going to destroy the dollar because we will end up having about 20 trillion dollars of debt. This massive amount of debt will cause Treasury and agency investors to shift focus from default risk to inflation risk and a massive departure of both Treasuries and mortgage-backed securities will occur. Then there is the problem with derivatives that I won't even get into.
Me? Don't remember the source "put a floor under home values" "To prevent more foreclosures" BY " may even make a profit selling the assets to foreign investors." "to limit losses" See how they do it and so nobody will argue.. The bailouts are with our money Damn, they are smart! What about affordable homes for American working families????? Our govt works for the globalist merchants Home prices are ARTIFICIALLY HIGH
Thank you for a most entertainingly entertaining video-distraction. I just got fired. Seems my former supervisor thought I spent too much time on YouTube. I cannot blame him, though; I had not made an appearance in weeks. In fact, I had forgotten I had a job. Oh well. I guess I do not need to worry about quitting my day job. It is my hope that one of these politicians will find me a job. It is doubtful, but as my dead uncle was fond of saying: one most hope for hope. Or, something like that.
Greetings from France. I was on vacation when all this happened. Watching a bit of it on French TV was hair raising. They are really scared here! You were right, MoT, your painful predictions are coming true.
this makes me want to puke in my round file. I cant freaking believe this. I am a financial advisor and I told my wife this morning that I want out. Maybe I could be a farmer or gun dealer. You know. Something with a bright future.
We , the people have been and continue to be dumped on by the illumunati-elitists types like the entire Bush family , All goldman sachs types , and the entire banking establishment who have bought for and paid for congress ! DISGUSTING ! We , the people are replacable by any illegals !
The new King of the United States Mr. Paulson will not be able to save the system. It is and will fail. You can only put a bandaid on a bad wound for so long before the blood comes through. We have been bleeding for to long.
There is no constitution left - have just read about all the journalist arrested at the conventions - I have been reflecting on Ron Paul videos, you guys cant say you was not warned re the economy - SHOCKING - people are letting them get away with it - they have no choice - protest your arrested - media tightly controlled etc etc - AMERICAN PEOPLE YOUR OVER A BARREL GETTING RAPED SENSLESS most dont even know it. I dont think they will collapse it completly they will milk it for every last drop.
Sept. 22 (Bloomberg) -- The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan Stanley concluded there is no future in remaining investment banks now that investors have determined the model is broken.
------
It is over.
By the way: With 3 TRILLION Dollar dept to come the next 12 Month the dollar will fall perhaps to 2,10 to 1 in the Euro
here it is...now that the government is going to buy BILLIONS of the illiquid mortgages, does anybody know if the gov will own these properties, or sell them to the highest bidder. how will that work??? government ownership or rich gets richer??
It is just a for the sheeple "dog and pony show" When they(?)pull rank and file on us. How will we question them? They will own it all and control it all.
MOT is there a way to make some money off of AIG till TSHTF like say i buy 1k shares for about a week and see what happens? seems like all financials would make money for a few weeks, i could be wrong.
well now the game begins this is the beginning of the end , america is now resposible foe quatrillions of dollar due to the stupidity of the very people we have elected,, M.O.T has been on io their game and telling us for over a year but it is even worse than i thought it would or could ever be , dont worry about gold or silver because you can get all of that with a simple can of beans if you were stupid enough to trade for it,,, people buy all the food, seeds,fertilizers and bullets you can get
The asset is purchased by another solvent Bank or Financial entity. Don't worry someone will still be looking for a payment from you. The only way you will not have to make a payment is if the entire Western Financial system is destroyed by a foreign power.
The latest word is that there is widespread skepticism about Paulson's mega-bailout plan. I think many are starting to see the broad power that is going to be given without any real oversight. They're also worried that foreign investors are gonna turn and run. Nothing is guaranteed with this new action thay're about to take.
manoftruth, it's too funny watching you pretending to be sad - you make this sound like an obituary for a fallen soldier or so. A bunch of overpaid wanna-be wiseguys have gotten their asses handed to them because they refused to apply proper risk management and got too greedy. Exactly like Warren Buffett warned repeatedly. So Lehman is gone - does it matter? I don't feel any sadness at all, on the opposite, I find it amusing.
It's a hard time in which many people are going to be in big trouble and many will perish. To have taken the time to make these videos, you obviously care a great deal about warning/helping people. It's not a stretch in my opinion that this last weeks actions would be hard to stomach and that vindication for your correct predictions would be hollow, as being right is not what you're about. Terrific last couple of videos, great to see you back on your game!
Right now is the time to start honing your personal sustainability skills. Learn everything you can about growing food, living off the land in a post-money environment. Food, water, and security will be the most important assets after everything else is worthless. It won't matter if you drive a hummer or own a mansion. The "material" will be shed for the necessary for life.
I don't feel sorry for Wallstreet. they are a bunch of arrogant greedy thieves. there God is Money. They deserve evrything they get. I feel sorry for the ordinary citizen of America, all the people that will suffer because of these Wall street Thugs and Banksters with collusion from our wonderful elected officials who were supposed to be serving.
Yeah, we should run. But..the media is controlled, so they would make us look Pretty bad. I think we will have Obama or Martial Law. Then utter collapse at some point. For now crisis and control.
TAKE YOUR MONEY OUT OF THE BANK AND INVESTMENT ACCOUNTS ! NOW! SHORT THE SYSTEM of criminals reckless, irresponsible leaders. FIRE THEM by eliminating their boni.
Show the system makers they depend on us - the people. This is the only piece of democracy left to us!!
By the way the US currency is likely going to hyperinflate anyway. The only chance you have preserving wealth lays in physical assets - not under control of any bankers.
They will until we the people get involved and take our country back. Demand honest money and Constitutional Government. We need to fire most Washington cronies and Prosecute those responsible.
Reject the paper these people control and hold your wealth on Gold and Silver physical only! remember ETF's are controlled by the Pin Striped Bandits.
I just read about bush cancelling the elections too. apparently the info was leaked by the fsb federal security service of the russian federation. what next?!!
Sec of Ag Ezra T Benson (and later LDS Pres.)said that Kruschev told him that they would weaken our economy until we "fall like ripe fruit into our hands". He also said "Your grandchildren will live in communism". Aldous Huxley referenced the grandchildren comment in an interview w/Mike Wallace. We have been shepherded through the stages Marx laid out for fifty years, read the Communist Manifesto.
# 2 on the list of steps to take to complete a revolution is " A heavy progressive or graduated income tax." # 5 is "Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." #1 is the most telling "Abolition of property in land and application of all rents of land to public purposes" the govt is in the best position to enact this now. Think about it. At the very least please keep an open mind and be ready to fight for freedom.
I just want to clarify that the steps I refer to above are found in the Communist Manifesto under the sect. "Proletarians and Communists" It says:"These measures will, of course, be different in different countries. Nevertheless, in most advanced countries, the following will be pretty generally applicable." He then goes on to list them,including the #s I ref. above.
I realize that I have posted quite a bit tonight, I just want to give as many people as I can the opp. to choose for themselves.
I just read a NYT article called "Congressional Leaders Stunned by Warnings". They were basically told that if they didn't do what Paulson was asking we would enter a depression. He told them "were literally maybe days away from a complete meltdown of our financial system" according to Sen. Dodd.
My question for MOT is, how do you think this fits the big picture? The govt. is scaring congress into giving Paulson free reign to 'fix' this situation, but why? Is this just buying time?
For my part I see the workings of the conspiracy to break the US down and force us into communism. Especially when Paulson makes comments like "raw capitalism is dead".(He did.) I know people have said here that this isn't socialism, but the Marxist movement is more complicated then that. Research dialectical materialism. Marxists are totally fine with moving away from their goal temporarily, they are absolutely sure they will reach their goal regardless of what happens.
Thanks for the comment. I am up very early this Sunday Morning. Will be doing a lot of thinking and as much reading as I can fit in. Will also shoot and post.
Okay, so Paulson wants to be THE money czar. A historian interviewed by Bloomberg said he is "asking to be a financial dictator", funny thing, he later says that "This is much needed". We NEED a financial dictator? Paulson has to work outside the court system in order to fix this? An article on Bloomberg had a member of congress saying that the scenario that Paulson described as happening, should he not get what he is asking for as frightening.
Consider, that America is poetically the great Babylon, by which when the system falls on the Lords day, they shall stand at a distance watching, lamenting in sorrow of the once great bounty that came from her, America. "Come out of Her" is not the cry to leave, but it is the advice of the Lord to remove yourself from its end, that you would not be fallen into the pit, which is the depression, which awaits many who will not release her spell, the Mark is the Money, the tally, the # of thy name.
Man of Truth. You know the truth, that money is really only the direction of mind, the currency of thought into action. Money is one of the carpenters tools used to provide causation for many to produce and or follow initiative. What is money to this world, other than the storage of manafest power, that one man would command another made in his will upon the other?
Honestly, it doesn't matter who gets elected. With this new mega-bailout legislation, either candidate will have their hands tied behind their backs. Some of the top financial people are saying that this step will ultimately aid in collapsing the dollar. For them to put the problem at $700 billion is sooo off the mark. It would take literally several trillion dollars to clean the entire mess up. This is only a band-aid. We need a full-scale triage for the size of the problem.
After reading your comment, then re-reading mine (also double checked on wiki). I must recind my last statement. I was wrong and humbly apologize. Did notmean to come across as a bigot. My comment derived from assuming he was arab and knowing one wouldn't get in the office after 9/11. Not this soon anyway.
Never the less i can come up with many legit reasons for NOT wanting to vote for him.
Tinchler, ok are parents did us no favors, but 78-9- US was not involved in two intractable wars that we were left with the bill for. Energy costs were very cheap. and we had lots of oppotunity. BTW, I have a job and my income has nothing to do with banks. I think the most of the fiancial system is an overlycomplicated mostly phony with lots of room for manipulation.
Yeah our parents did us no favors, but we REALLY screwed our kids over.
the TRUTH always hurts. Brent never claimed to be some prophet of any type. Just dispensing information to those who care to listen. I would say he been spot on for the most part. Why he doesnt have a 9-5 job wearing a suit and tie ?? who knows. Maybe he doesn't want to "play the game" of capitolism that he knows is going to fail miserably anyways.
Think about it: RUSSIA helped the USA out with 17 Billion Dollars. Even INDIA helped, where at some areas the people are STARVING. The USA should be graceful to those third world countries - the list is long.
So, the USA decided to prolapse the downfall by spending approximately 1.5 Trillion Dollars this year. Perhaps 3. Perhaps 5. By the way: does anybody have the numbers of the banks with worthless long positions on Lehman? The key is: are the housing debts safe now? Answer: no. Is the car industry safe now? no. I wonder what will happen, when all those workless people will hit the street.And their debts. Another 5 Trillion dollars then? RIDICULOUS.
" I think what it really boils down to is a difference in ideologies of those who believe in a constitutional, independent, sovereign nation versus those who want a globalist society"
Yeah- money does comes from banks- the Fed. I was concerned and still am about the amount of debt that this nation has decided to take on but then looked at the historic charts of National Debt to GDP and we were actually higher than this in the 80's and 90's. Is that a tainted statistic?
Banks use leverage and borrow money if that's what you mean. But it's created by the Fed and dispersed in the money market for trading/borrowing or directly to banks...
Commercial banks create money out of thin air through "FRACTIONAL RESERVE LENDING"
That's whatI mean
They relend money that has already been loaned out... The "MULTIPLIER EFFECT" causes new money to be created as interest bearing debt as people borrow from banks
You hit the nail on the head. The money is "created" from thin air and sold at face value to the Treasury. It's the biggest scam of all time. The Federal Reserve Act of 1913 was passed on Congress's Christmas break. If you follow the ownership, it points to the Morgans, Rothschilds, Rockefellers, etc. If you follow it all the way up and down, you'll realize that they control EVERYTHING! From the banks, to the oil companies, to car manufacturers, to airlines, they are right in the middle.
"Money of of thin air" ? , What we are experiencing is the age old conflict between Spirit and Matter. You speak harshly against money from nothing because you stand in favor of Matter over spirit, choosing Gold on earth rather than Gold in Heaven. I proscribe the movie "Three Kings" to you, that you would learn the parable of "Where the Gold is" , Watch George Clooney character at the end of the movie, when he is asked 'where the gold is', and see if you can see it passing the threshold.
i reckon you wont have to kick em out matey - there going to be on the last planes out of there if they can - zenophobia aint going to resolve anything - this is your major danger usa its not the collapse of the dollar its turning in on one another looking for a scapegoat - peace.
This might be a bit of a shock to you, but - if you live in the 'western world economy' chances are so do you.
I thought most everyone on this site knew that already - obviously not - i suggest you go research the term debt slave then the history off the rothchilds and the banking elites - after you take your head out from up your own arse of course.
I'm 50 years old, and mostly I feel sorry for young kids who we left this mess too. A ruined economy, phony banking system, hyperinflation, soaring energy costs. And an unbelivable Federal deficit they will be forced to pay.
If our parents have screwed us the way we have screwed our kids we would be in the nursing homes with pillow over their heads. It truly is a sad state of affairs.
What bothers me is that our parent/grandparents generation had pensions and never had to deduct 401k's from their checks. Many of them never even paid into medicare. They are the ones that are receiving the benefits. Our generation will be very poor since SS will not exist or even medicare. Unless we can invest a heck of alot of money which is impossible this day and time for retirement, God help us. Our kids really have no hope.
No, and people in my generation I have talked too are unrepentant. My Generation is the generation "baby boomers" that wrecked America. If our kids knew what lay ahead, a bankrupt country, the end of the age of oil they would realize that we were as reckless as the bankers,Speculators,Hedge fund managers on Wall Street.
Think about this...the government had to BORROW $300 billion to fund the stimulus checks earlier this year. What makes ANYBODY think they can pull Trillions out of their ass for this without it having SERIOUS repercussions? They will temporarily halt the tanking of Wall Street but the result will be the destruction of the dollar. Many finance guys are saying just that. One guy on CNN came straight out and said to pull your money out of money markets and banks and CONVERT IT NOW!!!
We know we are in trouble when the Chinese Communist Party sound like bastions of sound money policy and fiscal conservatism in comparison to the Bush administration and the Federal Reserve, who in creating more money out of thin air continue to bail out their friends on Wall Street while the economic future of hundreds of millions of American citizens is sold down the river. (infowars)
unreal - how can the fed expect anyone to believe that they believe they can get away with this?
usa will be lucky if they collapse the dollar if you can stop yourselves from turning on one another you could get rid of the bastards that are doing this too you - it aint all written in stone you can make a difference.
more like interest rates will be gently but surely moved upto to %10 - %15 after the election. many will lose homes many will be hungry but I guess there going to want to keep control - they have wars to fight afterall.
"your all a bunch of fucking slaves" (jim morrison 69)
Remember how the US Government was so broke they had to borrow over 100 Billion Dollars from China, just to send out those economic stimulus checks a few months back? Now they seem to have found trillions to spend. The printing presses are running 24/7 and our paper dollars will soon be worthless. Just look at Zimbabwe for a recent example of what happens when the gov. tries to print it's way out of trouble. Stock up on food and prepare now for the total collapse of the US Financial System.
thats why they are bringing a stop to this collapse now its moved way too fast, the collapse of the economy would lose them control - instead what they have here done is further enslaved the whole western society into paying for their increased power control and wealth - and they are getting people to be thankful (the alternative being total collapse) no i tell you all here now the truth total systemic collapse is what they dont want it aint gonna happen - sorry MOT weRbiggerslavesNowMorethnevr.
I'm a 23 year old guy starting out on The Street as a money market trader. I learn a lot from your vids and don't always agree with it all but I respect anyone that is an intellectual, thinks, and has something to say. Please make a vid soon- I'd like to hear your opinion on Paulson and Bernanke's plan although we dont know all of the details. I think we need Obama in the white house more than ever to bring the troops home and start paying off this debt.
Ha, and I love the hate I got on my post since I mentioned I work on the street- I guess that's why I got -4 thumbs down. Ha, ahh I love how EVERYONE hates on you if you work on The Street. Even if you do something honest, intellectually stimulated, and something that helps people (I keep your bank afloat). "Damn if feels good to be a banker"- j/k- not b/c of the money b/c of the hate we get...
No matter how much you like Ron Paul he's not going to win- let's face it. Also if he was in office right now the majority of our net worths would have been wiped out and we would've been getting ready to live on a farm w/ a couple of goats, cows, and chicken.
Also for someone that's supposed to be intelligent wow you sure believe in just about every conspiracy theory out there huh? Obama a muslim- so you'd rather have McCain? C'mon man use your head.
I've been watching you since last summer and I can say you've been head on, up to the AIG bailout. I know the gov took on a massive amount of debt with their new plan, prob $1 Trillion dollars but I hope this can fix the problem. I agree with you and actually yelled out when you talked about not understanding how people can watch football and talk about ANYTHING other than what is going on in the economy/markets. Insane- the ignorance in this country is amazing. People STILL don't have a clue.
It's not about treating people like a prophet, it's about opening up your eyes and seeing what the hells going on or you can go back to watching American Idiot and dancing with a Jackass, nothing to see here folks move along....
Thank you for echoing my belief that a system that is built on generating debt will always have a fail point. The end of the current economy is coming and unfortunately we will have to see the worst in mankind before we will finally live in harmony.
timandsteph8488 2 years ago 2
90% of US banks will fail? What happens to the mortgages that people have with these failed banks? I mean people who diligently paid their mortgage every month and who are not in arrears, what happens to them? Do they lose their homes too?
celticlofts 2 years ago
Should I take my money out of WaMu?
paulsviplist 3 years ago
Uhh...what do you mean?
WaMu no longer exists. JP Morgan took it over last September.
7boon 3 years ago
So if things are gonna get so bad here, should I hop the next plane outta dodge? And if so, where to? I'm game! I've always wanted to live in Europe!
papatoony 3 years ago 2
This has been flagged as spam show
My friend, if you are a American. Just the fact that you are here on this subject... If you don't know who Gerald Celente is , you are doing yourself a disfavor. All Americans need to listen for 3 min... right here on You Tube... We are at the end of what use to be a great country Americans. Please be informed ... listen to this on
You Tube...
Gerald Celente warns of the next US Great Depression. PART 1 ..
onstageagain 3 years ago
Whoa a bit of an over-reaction no? Starvation and war? Hardly.
Danny77uk 3 years ago
research, lets do our research please
HuckleberrySlim 3 years ago 2
Thanks for keeping us informed: You help.
Tory/Magoo
ToryMagoo44 3 years ago
Thanks for this video!
ganzo1975 3 years ago
u r welcome! Thanks for watching. MOT
manoftruth 3 years ago
I applaud your courage ,You sir are a real American.
I imagine they will try to unwind the derivatives as slow as possible.
to minimize the shock but sooner or later the
populace will riot.
yes war in America
yes hard times like Americans have never lived through.
yes many dead americans 8 million Americans starved to death during the first Depression I estimate twice that number this time around.
the govt will not be there for you they will be bankrupt by next year .
dave777blaster 3 years ago
by 2010 Americans will be weary of starving and the North American union will be enacted without much ado
dave777blaster 3 years ago 2
Extremely insightful comment. Thanks.
manoftruth 3 years ago
Americans no longer fit the shoes of the founding fathers. they are more intent on have a good time and are too busy to care about the country.
Though some Americans still believe in freedom
and are good people. Sadly more do not care about America.50% Of Americans too lazy to even get out and vote .Those that do vote are like zombies,they vote for Dem or Rep only
the people that have raped looted and gutted America for more than years.
a minority of Americans who are awake are held hostage
dave777blaster 3 years ago
I am anti capitalism because it never be better than socialism benefits.
Chromegrillz 3 years ago
Socialism is nonsense. Citizens in a socialist state live with the illusion of entitlement. They believe that the government owes them all kinds of benefits, nevermind on how the government should pay for everything.
yannchambrier 3 years ago
Capitalism is delusion to brainwash citizen to make them false message about so called free market. Look at now how capitalism is robbing people banks and benefits the wealthy society.
Chromegrillz 3 years ago 2
I am sick of big companies using my tax money for their greed, American citizen needs justice against capitalism. Also interest or usury practice buries the economy.
Chromegrillz 3 years ago
America is another word for greed.
Canada has the best and safest banking in the world.
But America is run by gangsters,and has been since at least 1963
dave777blaster 3 years ago
I have respect for canada policy, they dont declare war on country for no reason. Plus it has free health system that benefits the citizens.America is truly is a greedy country run by billionare who desire to suck peoples blood.
Chromegrillz 3 years ago
Wouldn't it be great to be JP Morgan, buying 307B in WaMu assets, paying less then 2B, and then if congress passes the 700B bailout, selling probably 10s of Billions of Toxic Assets to us!
That's perhaps a 1000% return on one days work, pretty good deal I'd say, perhaps the greatest in history.
virginlampoil 3 years ago
This is going to be played out like a bad movie. Why? Because it's all in the script. Roll em. Don't be surprised! Most of us can read the writing on the wall; we just assume it's addressed to someone else. You know what to do. MOT, you will be my Billy Jack or John Wayne on the ranch! Take your pick. Thanks for the comment, glad you enjoyed the video.
stackedhippiechick 3 years ago
Let me tell you something brother, the REASON LEhman wasnt bailed-out is because Hugo Chavez had billions in Lehmans
Check out that story on REAL NEWS here on You-Tube, its a kick-ass channel
odin422 3 years ago
he beat goes on.....
odin422 3 years ago
By definition the "lender-of-last-resort" (LOLR) exists to protect the money stock, not individual institutions...to accomodate the illiquid not the insolvent. Doesn't the bailout undermine those principles by trying to actually rescue banks by buying their bad assets at a rate that keeps them from going under?
CheshireSmil3 3 years ago
The land was then divided up and sold off.
You cant live beyond your means for long. sooner or later someone is going to call in that debt. US owes trillions to middle east, china, russia, japan, the US current account is a 700billion deficit. you guys are bankrupt.
paulwood222 3 years ago
magnificently furnished, displaying many great masters, with a wonderful wine cellar and an unrivalled library. The splendid gardens, beautifully laid out with the rarest of plants, were its greatest attraction however. It was the envy of kings. The Duke went bankrupt in 1819 and had to retire to Blenheim. The Whiteknights Estate was sold off and the house was demolished in 1840, supposedly by a mob of the Duke's angry creditors
paulwood222 3 years ago
I was lucky enough to study at the University of Reading in UK, and here is a part of its great history:Between 1798 and 1819, Whiteknights was the scene of vast extravagance and wild entertainments, all at the Marquis' expense. It became the most celebrated estate in the Country:
paulwood222 3 years ago
What's troubling is that even if they throw all this money at the bad debt, the underlying problems still remain. The housing market will not rebound til late 2009, at the earliest and that's being very optimistic. Consumer spending is on a downward trend with very little chance of improving. Unemployment is up sharply. Fuel prices are still high enough to curb consumer spending. The fundamentals are all pointing at continued slowing and stress regardless of how much the banks have in hand.
ConspiracyForTruth 3 years ago
I can't believe Bernanke is saying without the bail out we'll face a certain recession. Is this guy for real?? He needs to be told that the government numbers are inflated and don't correspond to the real economy!!! Our financial system is in a free fall and this idiot is still talking about a possible recession. It's incompetence like this that is probably going to derail the bail out proceedings in Congress.
ConspiracyForTruth 3 years ago
McDonald's Corporate sent word to franchisees this morning that they need to find alternative financing as Bank of America will no longer provide capital. If the world's largest restaurant chain can no longer get a line of credit, that means 1) BOA is in seriously dire straits OR 2) everyone in the tiers below them, credit-wise, has no chance of capitalization from banks. Things are starting to get ugly.
ConspiracyForTruth 3 years ago
90% of the banks won't fail because the taxpayers will be forced to take over their bad loans - unless people contact their representatives immediately.
lorax2014 3 years ago
We shall see who's opinion is correct. MOT
manoftruth 3 years ago
Hey MOT. Another great video - you're a star - keep them coming! Any thoughts on where is safest to put cash right now?? I already have some in gold/silver (physical), but was just wondering if you have any other opinions on safest way to ride out the storm?? Thanks MOT - Braveheart rocks!
ski2014 3 years ago
This storm will destroy the U.S. financial system. We will have to start over. Thank God, after watching these jokers on capitol hill today.
manoftruth 3 years ago
I love the way u laugh in disbelief.....it is all so ridiculous.....oh well..
....the sun comes up...and your dog will still wag his tail when he sees you.....
dojufitz 3 years ago
Now that is perspective!!!!
manoftruth 3 years ago
OMG!!! Paulson is concerned that lawmakers are wanting to cap executive pay (golden parachutes) for those companies that they will bail out. He says that if the CEO pay is capped then companies may not want to participate with the bail out program. WTF??? I say, let the dumbass CEO's that think this way ride their companies straight to bankruptcy. If they expect to get rewarded for being incompetent, then they're DEAD WRONG!!! Looking forward to seeing you soon MOT.
ConspiracyForTruth 3 years ago
Nothing. I played it and loved playing linebacker and fullback. Just don't ignore the collapse that is happening before our eyes.
manoftruth 3 years ago
Remember this was planned. Look at the motives and who will gain more control as each day passes. Look who is becoming the most powerful of economic dictators. Hank Paulson is not a stupid man. He may act like he didn't see this coming but they are selling us the same crap we
saw 7 years ago at this time. Don't fall for their B.S. Question authority and get MAD !
pinkcheesegreengh0st 3 years ago
I believe the U.S has been taken over secretly by the english bankers using paper debt
They run the world that way
The movie "ring of power" by amenstop productions claims the english run America
Bill Clinton was a rhodes scholar.
Cecil rhodes advocated the peaceful retaking of america by the crown
They don't teach us our real history or where our money comes from even
Look what they are doing to our economy right now
I knew that the media knew better!!
olseabee 3 years ago 2
The US is a developed country and as such the entire populace should benefit. i.e The American people ARE America!
I'm not keen on the world "coming together"
My forefathers left his developed country to me and my fellow Americans
Foreign countries can seek their own destiny
You sound pro globalization which benefits investors but makes our workers third world
olseabee 3 years ago
They really screwed up with the open borders and loose credit standards
Heh, WHO TF IS RUNNING THIS COUNTRY???
olseabee 3 years ago
Paulson visibly. Behind the scenes is another thing entirely.
manoftruth 3 years ago
If they just liquidated all the foreclosed "assets" home prices would plunge
Works for me
olseabee 3 years ago
Nouriel Roubini and Peter Schiff both agree. We are going to crash, no matter what. This bailout is only going to "control" the crash, at least that's what they're hoping. Schiff thinks the bailout is going to destroy the dollar completely. Prepare people.
ConspiracyForTruth 3 years ago 2
It is going to destroy the dollar because we will end up having about 20 trillion dollars of debt. This massive amount of debt will cause Treasury and agency investors to shift focus from default risk to inflation risk and a massive departure of both Treasuries and mortgage-backed securities will occur. Then there is the problem with derivatives that I won't even get into.
JackNeedles 3 years ago
More like Fascism.
ds4081 3 years ago
Interesting thing on financial news today about the "bailout"
They want to put a floor under home prices, (keeping them out of reach for working Americans) and sell them to foreign investors...
They act like this is the correct and good thing to do..
I think they should let me interpret their broadcasts to my fellow working Americans
This is total BS .. Their system drove values above affordable during the investor speculative craze
This country is under attack
hang them!
olseabee 3 years ago
Source?
Etcircenses 3 years ago
olseabee 3 years ago
Thank you for a most entertainingly entertaining video-distraction. I just got fired. Seems my former supervisor thought I spent too much time on YouTube. I cannot blame him, though; I had not made an appearance in weeks. In fact, I had forgotten I had a job. Oh well. I guess I do not need to worry about quitting my day job. It is my hope that one of these politicians will find me a job. It is doubtful, but as my dead uncle was fond of saying: one most hope for hope. Or, something like that.
UnconcernedCitizen 3 years ago
Yeah, we need daily updates.
loderchris 3 years ago
Hey, MOT, you realize that Paulson went to Harvard as well? Let's pray he has your skills and foresight.
ConspiracyForTruth 3 years ago
LOL. He is working for the other side. We are on the opposite team.
manoftruth 3 years ago
Wow looks like some hyperinflation setting in!
Oil hit $130 today gold and silver will hit new highs soon. Keep those presses running
Ben & Paul you guys are printing that money at record speeds that will never be able to be repaid !
pinkcheesegreengh0st 3 years ago 3
Sorry Ben & Hank !
pinkcheesegreengh0st 3 years ago
Paulson was in Europe to call for help. We declined. This IS the end of the Dollar
we know today.
Perhaps they will fix the Dollar to all the major currencies.
MOVE OUT OF THE DOLLAR NOW.
Etcircenses 3 years ago
Greetings from France. I was on vacation when all this happened. Watching a bit of it on French TV was hair raising. They are really scared here! You were right, MoT, your painful predictions are coming true.
slobomotion 3 years ago
this makes me want to puke in my round file. I cant freaking believe this. I am a financial advisor and I told my wife this morning that I want out. Maybe I could be a farmer or gun dealer. You know. Something with a bright future.
WHEREtheFUNK 3 years ago
We , the people have been and continue to be dumped on by the illumunati-elitists types like the entire Bush family , All goldman sachs types , and the entire banking establishment who have bought for and paid for congress ! DISGUSTING ! We , the people are replacable by any illegals !
brianinheaven 3 years ago
The new King of the United States Mr. Paulson will not be able to save the system. It is and will fail. You can only put a bandaid on a bad wound for so long before the blood comes through. We have been bleeding for to long.
fgiugliymop 3 years ago
What the hell?? Are they serious??? Freakin Paulson wants the mega-bailout legislation to possibly cover non-U.S firms??? WTF??? This is insane!!!
ConspiracyForTruth 3 years ago
The Constitution has been shredded.
manoftruth 3 years ago
There is no constitution left - have just read about all the journalist arrested at the conventions - I have been reflecting on Ron Paul videos, you guys cant say you was not warned re the economy - SHOCKING - people are letting them get away with it - they have no choice - protest your arrested - media tightly controlled etc etc - AMERICAN PEOPLE YOUR OVER A BARREL GETTING RAPED SENSLESS most dont even know it. I dont think they will collapse it completly they will milk it for every last drop.
aln2325826571 3 years ago
watch?v=xV18z4NCbQ8
ihearbs25 3 years ago
Sept. 22 (Bloomberg) -- The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan Stanley concluded there is no future in remaining investment banks now that investors have determined the model is broken.
------
It is over.
By the way: With 3 TRILLION Dollar dept to come the next 12 Month the dollar will fall perhaps to 2,10 to 1 in the Euro
BUY SWISS FRANK
Etcircenses 3 years ago
MOT, i have a credit card with wamu. am i screwed? and what do u think will happen with bank of america?
lmyhoosier 3 years ago
I think Bof A will keep functioning. As long as your money is not in Wamu..no worries.
manoftruth 3 years ago
thats cool but, if wamu goes under am i still gonna owe money on my credit card
lmyhoosier 3 years ago
It depends on what you define as "functioning".
As a US-American I would change ALL my money into Swiss Frank or Yen right now.
Etcircenses 3 years ago
on VV's channel, someone just posted that they have added credit cards, student loans, car payments, etc.....wish I was a psychic right now!
sthrnynk 3 years ago
here it is...now that the government is going to buy BILLIONS of the illiquid mortgages, does anybody know if the gov will own these properties, or sell them to the highest bidder. how will that work??? government ownership or rich gets richer??
WHEREtheFUNK 3 years ago
It is just a for the sheeple "dog and pony show" When they(?)pull rank and file on us. How will we question them? They will own it all and control it all.
Repomex01 3 years ago
MOT is there a way to make some money off of AIG till TSHTF like say i buy 1k shares for about a week and see what happens? seems like all financials would make money for a few weeks, i could be wrong.
lostinthemix 3 years ago
Busy trying to digest all that is happening. Shorting the long bond will be a huge way to make money.
manoftruth 3 years ago
Shorting the long bond is reasonable.
Etcircenses 3 years ago
hey MOT can we still short bonds ? I thought they have banned short selling . Got any good ones suggestions ?
drinkinwithbob 3 years ago
well now the game begins this is the beginning of the end , america is now resposible foe quatrillions of dollar due to the stupidity of the very people we have elected,, M.O.T has been on io their game and telling us for over a year but it is even worse than i thought it would or could ever be , dont worry about gold or silver because you can get all of that with a simple can of beans if you were stupid enough to trade for it,,, people buy all the food, seeds,fertilizers and bullets you can get
bluetickrunner 3 years ago 3
FOOD FIRST. Amen!!!!
manoftruth 3 years ago
I am writing Ron Paul on my ballot !
pinkcheesegreengh0st 3 years ago 5
it will be counted for mccain
coach3sheff 3 years ago
What happens when a bank goes under and you have a morgage or credit cards with them?
huntershurigar 3 years ago
The asset is purchased by another solvent Bank or Financial entity. Don't worry someone will still be looking for a payment from you. The only way you will not have to make a payment is if the entire Western Financial system is destroyed by a foreign power.
jonah70757 3 years ago
The latest word is that there is widespread skepticism about Paulson's mega-bailout plan. I think many are starting to see the broad power that is going to be given without any real oversight. They're also worried that foreign investors are gonna turn and run. Nothing is guaranteed with this new action thay're about to take.
ConspiracyForTruth 3 years ago
manoftruth, it's too funny watching you pretending to be sad - you make this sound like an obituary for a fallen soldier or so. A bunch of overpaid wanna-be wiseguys have gotten their asses handed to them because they refused to apply proper risk management and got too greedy. Exactly like Warren Buffett warned repeatedly. So Lehman is gone - does it matter? I don't feel any sadness at all, on the opposite, I find it amusing.
janbillian 3 years ago
I think about people. Maybe I am extrapolating my feelings to the millions that will be kicked out of their houses, with the attendant difficulties.
manoftruth 3 years ago
It's a hard time in which many people are going to be in big trouble and many will perish. To have taken the time to make these videos, you obviously care a great deal about warning/helping people. It's not a stretch in my opinion that this last weeks actions would be hard to stomach and that vindication for your correct predictions would be hollow, as being right is not what you're about. Terrific last couple of videos, great to see you back on your game!
mr1fed 3 years ago 2
They can take my house and land when they take my guns & ammo and CW key out of my cold dead hand!!!
147megahertz 3 years ago 5
Even if you own the house, should i be making use of the garden?
loderchris 3 years ago
Right now is the time to start honing your personal sustainability skills. Learn everything you can about growing food, living off the land in a post-money environment. Food, water, and security will be the most important assets after everything else is worthless. It won't matter if you drive a hummer or own a mansion. The "material" will be shed for the necessary for life.
ConspiracyForTruth 3 years ago
I don't feel sorry for Wallstreet. they are a bunch of arrogant greedy thieves. there God is Money. They deserve evrything they get. I feel sorry for the ordinary citizen of America, all the people that will suffer because of these Wall street Thugs and Banksters with collusion from our wonderful elected officials who were supposed to be serving.
jonah70757 3 years ago 3
Yeah, we should run. But..the media is controlled, so they would make us look Pretty bad. I think we will have Obama or Martial Law. Then utter collapse at some point. For now crisis and control.
manoftruth 3 years ago
get the feeling that martial law may be implemented soon. right after the crash.
lyradguitar 3 years ago
Yep, that is probable.
manoftruth 3 years ago
There is only one thing left, to react:
TAKE YOUR MONEY OUT OF THE BANK AND INVESTMENT ACCOUNTS ! NOW! SHORT THE SYSTEM of criminals reckless, irresponsible leaders. FIRE THEM by eliminating their boni.
Show the system makers they depend on us - the people. This is the only piece of democracy left to us!!
By the way the US currency is likely going to hyperinflate anyway. The only chance you have preserving wealth lays in physical assets - not under control of any bankers.
jberni1 3 years ago 3
Great comment. The sun will rise today. It rained yesterday. Plants still grow. Why should bankers control our lives?!?!?!??
manoftruth 3 years ago
They will until we the people get involved and take our country back. Demand honest money and Constitutional Government. We need to fire most Washington cronies and Prosecute those responsible.
jonah70757 3 years ago 2
Reject the paper these people control and hold your wealth on Gold and Silver physical only! remember ETF's are controlled by the Pin Striped Bandits.
jonah70757 3 years ago 4
watch this angry man v=-4m1fh_v9II
zaggy3110 3 years ago
I just read about bush cancelling the elections too. apparently the info was leaked by the fsb federal security service of the russian federation. what next?!!
lyradguitar 3 years ago
Sec of Ag Ezra T Benson (and later LDS Pres.)said that Kruschev told him that they would weaken our economy until we "fall like ripe fruit into our hands". He also said "Your grandchildren will live in communism". Aldous Huxley referenced the grandchildren comment in an interview w/Mike Wallace. We have been shepherded through the stages Marx laid out for fifty years, read the Communist Manifesto.
loquaciousmomma 3 years ago
# 2 on the list of steps to take to complete a revolution is " A heavy progressive or graduated income tax." # 5 is "Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." #1 is the most telling "Abolition of property in land and application of all rents of land to public purposes" the govt is in the best position to enact this now. Think about it. At the very least please keep an open mind and be ready to fight for freedom.
loquaciousmomma 3 years ago
I just want to clarify that the steps I refer to above are found in the Communist Manifesto under the sect. "Proletarians and Communists" It says:"These measures will, of course, be different in different countries. Nevertheless, in most advanced countries, the following will be pretty generally applicable." He then goes on to list them,including the #s I ref. above.
I realize that I have posted quite a bit tonight, I just want to give as many people as I can the opp. to choose for themselves.
loquaciousmomma 3 years ago
I just read a NYT article called "Congressional Leaders Stunned by Warnings". They were basically told that if they didn't do what Paulson was asking we would enter a depression. He told them "were literally maybe days away from a complete meltdown of our financial system" according to Sen. Dodd.
My question for MOT is, how do you think this fits the big picture? The govt. is scaring congress into giving Paulson free reign to 'fix' this situation, but why? Is this just buying time?
loquaciousmomma 3 years ago
For my part I see the workings of the conspiracy to break the US down and force us into communism. Especially when Paulson makes comments like "raw capitalism is dead".(He did.) I know people have said here that this isn't socialism, but the Marxist movement is more complicated then that. Research dialectical materialism. Marxists are totally fine with moving away from their goal temporarily, they are absolutely sure they will reach their goal regardless of what happens.
loquaciousmomma 3 years ago
Thanks for the comment. I am up very early this Sunday Morning. Will be doing a lot of thinking and as much reading as I can fit in. Will also shoot and post.
manoftruth 3 years ago
Okay, so Paulson wants to be THE money czar. A historian interviewed by Bloomberg said he is "asking to be a financial dictator", funny thing, he later says that "This is much needed". We NEED a financial dictator? Paulson has to work outside the court system in order to fix this? An article on Bloomberg had a member of congress saying that the scenario that Paulson described as happening, should he not get what he is asking for as frightening.
loquaciousmomma 3 years ago
Consider, that America is poetically the great Babylon, by which when the system falls on the Lords day, they shall stand at a distance watching, lamenting in sorrow of the once great bounty that came from her, America. "Come out of Her" is not the cry to leave, but it is the advice of the Lord to remove yourself from its end, that you would not be fallen into the pit, which is the depression, which awaits many who will not release her spell, the Mark is the Money, the tally, the # of thy name.
FormerlyJesus 3 years ago
Man of Truth. You know the truth, that money is really only the direction of mind, the currency of thought into action. Money is one of the carpenters tools used to provide causation for many to produce and or follow initiative. What is money to this world, other than the storage of manafest power, that one man would command another made in his will upon the other?
FormerlyJesus 3 years ago
Nice free market. They change the rules as they please and are blaming short sellers for driving
down companies with crappy balance sheets. Why
are we not electing Ron Paul ? Open up the concentration camps here come the sheeple.
pinkcheesegreengh0st 3 years ago
Honestly, it doesn't matter who gets elected. With this new mega-bailout legislation, either candidate will have their hands tied behind their backs. Some of the top financial people are saying that this step will ultimately aid in collapsing the dollar. For them to put the problem at $700 billion is sooo off the mark. It would take literally several trillion dollars to clean the entire mess up. This is only a band-aid. We need a full-scale triage for the size of the problem.
ConspiracyForTruth 3 years ago
After reading your comment, then re-reading mine (also double checked on wiki). I must recind my last statement. I was wrong and humbly apologize. Did notmean to come across as a bigot. My comment derived from assuming he was arab and knowing one wouldn't get in the office after 9/11. Not this soon anyway.
Never the less i can come up with many legit reasons for NOT wanting to vote for him.
BlazenJames 3 years ago
Our national debt is more than all the money in circulation
That should tip people off
Why would our country borrow money from foreign central BANKS???
When we can create our own constitutionally
olseabee 3 years ago
Tinchler, ok are parents did us no favors, but 78-9- US was not involved in two intractable wars that we were left with the bill for. Energy costs were very cheap. and we had lots of oppotunity. BTW, I have a job and my income has nothing to do with banks. I think the most of the fiancial system is an overlycomplicated mostly phony with lots of room for manipulation.
Yeah our parents did us no favors, but we REALLY screwed our kids over.
valhala56 3 years ago
How about opening a Bible and do a little studying. That may open your eyes to a little truth as What was fortold long ago is coming to fruition.
BlazenJames 3 years ago
Amen
FormerlyJesus 3 years ago
the TRUTH always hurts. Brent never claimed to be some prophet of any type. Just dispensing information to those who care to listen. I would say he been spot on for the most part. Why he doesnt have a 9-5 job wearing a suit and tie ?? who knows. Maybe he doesn't want to "play the game" of capitolism that he knows is going to fail miserably anyways.
BlazenJames 3 years ago
Think about it: RUSSIA helped the USA out with 17 Billion Dollars. Even INDIA helped, where at some areas the people are STARVING. The USA should be graceful to those third world countries - the list is long.
Etcircenses 3 years ago
So, the USA decided to prolapse the downfall by spending approximately 1.5 Trillion Dollars this year. Perhaps 3. Perhaps 5. By the way: does anybody have the numbers of the banks with worthless long positions on Lehman? The key is: are the housing debts safe now? Answer: no. Is the car industry safe now? no. I wonder what will happen, when all those workless people will hit the street.And their debts. Another 5 Trillion dollars then? RIDICULOUS.
Etcircenses 3 years ago
A lot of people need to wake up. But after this week and what they read and see on tv the next week...a lot more will wake up.
manoftruth 3 years ago
Then it's going to be too late.
dixiegirl999 3 years ago
*RON PAUL* said
" I think what it really boils down to is a difference in ideologies of those who believe in a constitutional, independent, sovereign nation versus those who want a globalist society"
yep
olseabee 3 years ago 2
And another YEP from MOT
manoftruth 3 years ago
MrTinchler either = loony or = troll...
I'm leaning towards troll. Too much time on his hands to post 40 posts in an hour.
easycashin30dayscom 3 years ago
Yeah- money does comes from banks- the Fed. I was concerned and still am about the amount of debt that this nation has decided to take on but then looked at the historic charts of National Debt to GDP and we were actually higher than this in the 80's and 90's. Is that a tainted statistic?
TerenYoung 3 years ago
Better check out fractional reserve lending.
Commercial banks create the bulk of our money I believe as long as they have a borrower...
olseabee 3 years ago
Banks use leverage and borrow money if that's what you mean. But it's created by the Fed and dispersed in the money market for trading/borrowing or directly to banks...
TerenYoung 3 years ago
Commercial banks create money out of thin air through "FRACTIONAL RESERVE LENDING"
That's whatI mean
They relend money that has already been loaned out... The "MULTIPLIER EFFECT" causes new money to be created as interest bearing debt as people borrow from banks
olseabee 3 years ago
As far as I know money is created 2 ways by banks.
Central banks "MONETIZE DEBT" by purchasing bonds and commercial banks create money through the "FRACTIONAL RESERVE LENDING" multiplier effect..
I guess, according to an article by Ron Paul that the fed can monetize gse bonds also..
Looks like chinese central banks monetize our debt also if the "fed" oks it..
I hear talk some banks are getting money from the treasury, bypassing the fed??
ALL MONEY IS ISSUED BY BANKS AS INTEREST BEARING DEBT
olseabee 3 years ago
What's happening is our country is being indebted to foreign bankers by the bankers who operate here in the USA
olseabee 3 years ago
I've read there is $750 Billion in circulation and 2/3 of our money is overseas and most of it in foreign central banks..
Oil is bought in USD by an agreement with opec so foreign banks hold usd
Of course our national debt is $9 trillion???
It does not matter how much our reasl estate is worth... LAND IS NOT MONEY and the only way money is issued is as DEBT!!!!
Banks monetize assets by loaning to individuals.
olseabee 3 years ago
You hit the nail on the head. The money is "created" from thin air and sold at face value to the Treasury. It's the biggest scam of all time. The Federal Reserve Act of 1913 was passed on Congress's Christmas break. If you follow the ownership, it points to the Morgans, Rothschilds, Rockefellers, etc. If you follow it all the way up and down, you'll realize that they control EVERYTHING! From the banks, to the oil companies, to car manufacturers, to airlines, they are right in the middle.
ConspiracyForTruth 3 years ago
"Money of of thin air" ? , What we are experiencing is the age old conflict between Spirit and Matter. You speak harshly against money from nothing because you stand in favor of Matter over spirit, choosing Gold on earth rather than Gold in Heaven. I proscribe the movie "Three Kings" to you, that you would learn the parable of "Where the Gold is" , Watch George Clooney character at the end of the movie, when he is asked 'where the gold is', and see if you can see it passing the threshold.
FormerlyJesus 3 years ago
Miss young,
GDP includes irresponsible borrow and spend of our govt.
How does spending our money in foreign countries benefit US???
I think we're about to find out and that is what this is all about :-)
olseabee 3 years ago
i reckon you wont have to kick em out matey - there going to be on the last planes out of there if they can - zenophobia aint going to resolve anything - this is your major danger usa its not the collapse of the dollar its turning in on one another looking for a scapegoat - peace.
coach3sheff 3 years ago
cochshelf works for rothschild ;-)
olseabee 3 years ago
This might be a bit of a shock to you, but - if you live in the 'western world economy' chances are so do you.
I thought most everyone on this site knew that already - obviously not - i suggest you go research the term debt slave then the history off the rothchilds and the banking elites - after you take your head out from up your own arse of course.
peace x
coach3sheff 3 years ago
Great vid MOT!
valhala56 3 years ago
Thanks valhala
manoftruth 3 years ago
I'm 50 years old, and mostly I feel sorry for young kids who we left this mess too. A ruined economy, phony banking system, hyperinflation, soaring energy costs. And an unbelivable Federal deficit they will be forced to pay.
If our parents have screwed us the way we have screwed our kids we would be in the nursing homes with pillow over their heads. It truly is a sad state of affairs.
valhala56 3 years ago
Yes, but the civilization after this one will be great. MOT
manoftruth 3 years ago
What bothers me is that our parent/grandparents generation had pensions and never had to deduct 401k's from their checks. Many of them never even paid into medicare. They are the ones that are receiving the benefits. Our generation will be very poor since SS will not exist or even medicare. Unless we can invest a heck of alot of money which is impossible this day and time for retirement, God help us. Our kids really have no hope.
dixiegirl999 3 years ago
No, and people in my generation I have talked too are unrepentant. My Generation is the generation "baby boomers" that wrecked America. If our kids knew what lay ahead, a bankrupt country, the end of the age of oil they would realize that we were as reckless as the bankers,Speculators,Hedge fund managers on Wall Street.
valhala56 3 years ago
Think about this...the government had to BORROW $300 billion to fund the stimulus checks earlier this year. What makes ANYBODY think they can pull Trillions out of their ass for this without it having SERIOUS repercussions? They will temporarily halt the tanking of Wall Street but the result will be the destruction of the dollar. Many finance guys are saying just that. One guy on CNN came straight out and said to pull your money out of money markets and banks and CONVERT IT NOW!!!
ConspiracyForTruth 3 years ago
Good points. More people are starting to see the end of our corrupt system
manoftruth 3 years ago
We know we are in trouble when the Chinese Communist Party sound like bastions of sound money policy and fiscal conservatism in comparison to the Bush administration and the Federal Reserve, who in creating more money out of thin air continue to bail out their friends on Wall Street while the economic future of hundreds of millions of American citizens is sold down the river. (infowars)
unreal - how can the fed expect anyone to believe that they believe they can get away with this?
coach3sheff 3 years ago
usa will be lucky if they collapse the dollar if you can stop yourselves from turning on one another you could get rid of the bastards that are doing this too you - it aint all written in stone you can make a difference.
more like interest rates will be gently but surely moved upto to %10 - %15 after the election. many will lose homes many will be hungry but I guess there going to want to keep control - they have wars to fight afterall.
"your all a bunch of fucking slaves" (jim morrison 69)
beyondconspiracy 3 years ago
mot,what are yor thoughts on fema camps and american holocaust?that seems to be a concern at this point
jttt5 3 years ago
It is coming.
manoftruth 3 years ago
yes shorts got KILLED today.
manoftruth 3 years ago
Remember how the US Government was so broke they had to borrow over 100 Billion Dollars from China, just to send out those economic stimulus checks a few months back? Now they seem to have found trillions to spend. The printing presses are running 24/7 and our paper dollars will soon be worthless. Just look at Zimbabwe for a recent example of what happens when the gov. tries to print it's way out of trouble. Stock up on food and prepare now for the total collapse of the US Financial System.
SCLARK2112 3 years ago
They got you by the balls USA, by the short and curlies.
aln2325826571 3 years ago
agenda 21
aln2325826571 3 years ago
thats why they are bringing a stop to this collapse now its moved way too fast, the collapse of the economy would lose them control - instead what they have here done is further enslaved the whole western society into paying for their increased power control and wealth - and they are getting people to be thankful (the alternative being total collapse) no i tell you all here now the truth total systemic collapse is what they dont want it aint gonna happen - sorry MOT weRbiggerslavesNowMorethnevr.
aln2325826571 3 years ago
I'm a 23 year old guy starting out on The Street as a money market trader. I learn a lot from your vids and don't always agree with it all but I respect anyone that is an intellectual, thinks, and has something to say. Please make a vid soon- I'd like to hear your opinion on Paulson and Bernanke's plan although we dont know all of the details. I think we need Obama in the white house more than ever to bring the troops home and start paying off this debt.
TerenYoung 3 years ago
Ha, and I love the hate I got on my post since I mentioned I work on the street- I guess that's why I got -4 thumbs down. Ha, ahh I love how EVERYONE hates on you if you work on The Street. Even if you do something honest, intellectually stimulated, and something that helps people (I keep your bank afloat). "Damn if feels good to be a banker"- j/k- not b/c of the money b/c of the hate we get...
TerenYoung 3 years ago
Thumbs down to the Obama comment. He wants things like "GLOBAL TAX", and he's more Arab than any other ethnicity. Hmmmmmm.
BlazenJames 3 years ago
No matter how much you like Ron Paul he's not going to win- let's face it. Also if he was in office right now the majority of our net worths would have been wiped out and we would've been getting ready to live on a farm w/ a couple of goats, cows, and chicken.
Also for someone that's supposed to be intelligent wow you sure believe in just about every conspiracy theory out there huh? Obama a muslim- so you'd rather have McCain? C'mon man use your head.
TerenYoung 3 years ago
NOBAMA please !!!
BlazenJames 3 years ago
I've been watching you since last summer and I can say you've been head on, up to the AIG bailout. I know the gov took on a massive amount of debt with their new plan, prob $1 Trillion dollars but I hope this can fix the problem. I agree with you and actually yelled out when you talked about not understanding how people can watch football and talk about ANYTHING other than what is going on in the economy/markets. Insane- the ignorance in this country is amazing. People STILL don't have a clue.
TerenYoung 3 years ago
Yep, and the U.S. went through some of the biggest changes in history in the last 5 days!!!!!!!!!!!!!
manoftruth 3 years ago
So true!!!!!!!!!!
manoftruth 3 years ago
It's not about treating people like a prophet, it's about opening up your eyes and seeing what the hells going on or you can go back to watching American Idiot and dancing with a Jackass, nothing to see here folks move along....
lostinthemix 3 years ago
just what is going on?
aln2325826571 3 years ago
you think you know!
aln2325826571 3 years ago