Mr. Seidman, was the grandfather we all wish we had....and he was our nation's grandfather who was wise and calm and assuring in the storm of confusion, his spirit will live on.
The foundation of the coming depression is being completed. Trillions in bailout debt is being cemented in place - when the recovery fails to materialize it will be obvious that we have doubled down and increased the depth of the calamity a hundred fold.
Its funny -'I wish we had more time' she says...yeah honey you sure are gonna wish you had more time - to prepare - cause when it happens it is gonna be swift...there will be a big drop and it ain't gonna be pretty.
I complained Bush's out of control spending, I still do with this bail out. Obama has planned trillions in spending when you include Nationalized Health Care.
His 2 options. 1,.he will increase national debt, blame the increased on Bush's spending. 2 he raises tax greatly 2 pay for these programs. Hows Obama's plan for 2.5 million jobs, paid for with tax $
creats jobs? He said create & save jobs. So saving a job is creating it? The government doesn't create anything
bill seidman types are rare on biz tv, they have perspective , portfolio and gravitas. THE BIZ MEDIA IS MOSTLY SNOT NOSED PUNKS IN THEIR 20'S AND 30'S MAKIN IT UP AS THEY GO ALONG WITH GOOFY TAKES, TWISTED THINKING AND CREATIVE WRITING FOR THE DUMBED DOWN COLLEGE AND GRAD SCHOOL ZIT MARKETS. what is truth, youre born and you die, everything else is bullshit.
When he broke open the third seal,I heard the third living creature call out,Come & Look!And I saw a black horse & in his hand the rider had a pair of scales.And I heard the voice,saying,"A quart of wheat for a day's wages & three quarts of barley for a denarius".We're not there yet,but the time will come when you will work a full day for a handful of food.Just another "sign" that the prophecies of the Bible are true.What more do you need to believe?The sudden disappearance of millions?Maybe.
@ytgv3fc7 - By today's standards, yes, but by their standards at the time of this writing, it was a lot of money. The point of the messsage (verse) is that the price of food will be so high, even by our standards, that it will cost you a day's wages for one person to eat. And keep in mind, that 90% of the jewish population were below poverty level because of the taxes imposed upon them by the Roman dictators. So a denarius was a lot of money. How much has food risen in the last few months?
@kamicka23 food has risen around the level that silver has risen at the retail level. At the wholesale level it's gone up more for food, not silver, so if you're buying food + silver you're well prepared for what's coming. Gold's not re-valuing up as fast but it's so solid as real money that it suffers little of the fluctuation silver can from day to day.
It's too late. Even if all of the powerplayers did the right thing to fix it and did it the right way - even if they knew how - it's all gonna crash and burn. Stock up the pantry and get to know your local survivalist.
Seidman is right....we are flirting with systemic collapse with so many forces simultaneously acting on an economy with no ammunition left. Airlines, Car Companies, Hotels, Debt, Credit, Gasoline, heating oil....it's gonna be a very tough few years ahead. This country has been run by idiots who have abused the currency and borrowed our way into the mess we have today. Democracy has failed. Seidman is a respected Economic Voice. Sad that so few have viewed this video....Jeff Kassel
I agree, I think the fed is just trying to push the problems enough months into the future so that the average Joe will blame Obama
I don`t see any logic in the ´fed cuts, It`s the ain reqason for the third bubble in a row (IT,Hosing and now oil) oil is also driven by the growing demand and a platou in production
Do you not see that everything you talk about is communism?? If you do not have control over free trade, what is that? If powers behind the curtain are making policies without the peoples consent, what is that? The words you want to argue over are simply that-words. If you believe you live in a free democratic state, then you are happy, and dont worry about it. I believe in the liberty a republic offers, anything else is a guise to hide the truth.
I dont even have to argue with you. You make my points for me. We have no free trade. If you ask the average American if we had free trade, they would say yes. My point is, it is a illusion. You call it democracy, I call it communism. They are just words with no true meaning. We are a Republic not a democracy. That is what our founding fathers said they gave us, but they also warned us we would lose it.
If people in the U.S. are told to fear communism during the cold war by the government, after fighting fascism in world war II, what political system do you think the American people would fear our government would turn into- not communism. The word Republican and democrat are simply words handed down by a government to divide the people into groups so they will fight amongst themselves while rights are being taken away. That is why we are a forgotten Republic that has slowly turned into A Dem.
Good thing they listened to this guy's advice ...
except they did precisely the opposite and destroyed everything.
ytgv3fc7 9 months ago in playlist 1 2011 05may 21
Mr. Seidman, was the grandfather we all wish we had....and he was our nation's grandfather who was wise and calm and assuring in the storm of confusion, his spirit will live on.
garyowen4ever 2 years ago
God Bless Bill Seidman
ginaswo 2 years ago
the money have to went somewhere??? Saying its a global crisis is odd.
dan020350 3 years ago
The foundation of the coming depression is being completed. Trillions in bailout debt is being cemented in place - when the recovery fails to materialize it will be obvious that we have doubled down and increased the depth of the calamity a hundred fold.
TYX91101 3 years ago
Its funny -'I wish we had more time' she says...yeah honey you sure are gonna wish you had more time - to prepare - cause when it happens it is gonna be swift...there will be a big drop and it ain't gonna be pretty.
dojufitz 3 years ago
I complained Bush's out of control spending, I still do with this bail out. Obama has planned trillions in spending when you include Nationalized Health Care.
His 2 options. 1,.he will increase national debt, blame the increased on Bush's spending. 2 he raises tax greatly 2 pay for these programs. Hows Obama's plan for 2.5 million jobs, paid for with tax $
creats jobs? He said create & save jobs. So saving a job is creating it? The government doesn't create anything
onstageagain 3 years ago
bill seidman types are rare on biz tv, they have perspective , portfolio and gravitas. THE BIZ MEDIA IS MOSTLY SNOT NOSED PUNKS IN THEIR 20'S AND 30'S MAKIN IT UP AS THEY GO ALONG WITH GOOFY TAKES, TWISTED THINKING AND CREATIVE WRITING FOR THE DUMBED DOWN COLLEGE AND GRAD SCHOOL ZIT MARKETS. what is truth, youre born and you die, everything else is bullshit.
garyowen4ever 3 years ago
AGREED!
2vonranke 3 years ago
When he broke open the third seal,I heard the third living creature call out,Come & Look!And I saw a black horse & in his hand the rider had a pair of scales.And I heard the voice,saying,"A quart of wheat for a day's wages & three quarts of barley for a denarius".We're not there yet,but the time will come when you will work a full day for a handful of food.Just another "sign" that the prophecies of the Bible are true.What more do you need to believe?The sudden disappearance of millions?Maybe.
kamicka23 3 years ago
@kamicka23 "A quart of wheat for a day's wages & three quarts of barley for a denarius"
ht tp://w w w.youtube.c om/watch?v=eoF5ccOx_rU
14 x denarius = 1 oz troy 9999 silver, 1 silver dime 90% silver = 1 Denarius just about
So actually that's a good deal for a dime
ytgv3fc7 9 months ago
@ytgv3fc7 - By today's standards, yes, but by their standards at the time of this writing, it was a lot of money. The point of the messsage (verse) is that the price of food will be so high, even by our standards, that it will cost you a day's wages for one person to eat. And keep in mind, that 90% of the jewish population were below poverty level because of the taxes imposed upon them by the Roman dictators. So a denarius was a lot of money. How much has food risen in the last few months?
kamicka23 9 months ago
@kamicka23 food has risen around the level that silver has risen at the retail level. At the wholesale level it's gone up more for food, not silver, so if you're buying food + silver you're well prepared for what's coming. Gold's not re-valuing up as fast but it's so solid as real money that it suffers little of the fluctuation silver can from day to day.
ytgv3fc7 9 months ago
It's too late. Even if all of the powerplayers did the right thing to fix it and did it the right way - even if they knew how - it's all gonna crash and burn. Stock up the pantry and get to know your local survivalist.
wrb1957 3 years ago
Seidman is right....we are flirting with systemic collapse with so many forces simultaneously acting on an economy with no ammunition left. Airlines, Car Companies, Hotels, Debt, Credit, Gasoline, heating oil....it's gonna be a very tough few years ahead. This country has been run by idiots who have abused the currency and borrowed our way into the mess we have today. Democracy has failed. Seidman is a respected Economic Voice. Sad that so few have viewed this video....Jeff Kassel
pinatubo2000 3 years ago
This is not a democracy, it is a republic that has been turned into a democracy....Democracy leads to socialism which leads to communism.
2resist 3 years ago
how many democratic countries turned communist
let`s see China....no
Vietnam...no
Russia....no
Cambodia....no
north korea....no
lolland30 3 years ago
This is not theory it is fact. All of our founding fathers warned us.
2resist 3 years ago
so was ancient Greece communist?
lolland30 3 years ago
"Republics decline into democracies and democracies degenerate into despotisms." -Aristotle
2resist 3 years ago
so how does this fit into your claim that democracy leads to communis?
I live in scandinavia, we`ve had democracy for more than 60 years (over 100, if you look
apar ro nazi occupation) we´Ve gone back and forth between capitalism and soialism, and in reality had something in between
none of the major commnist countries was democratic, do you not look at reality
when you look for facts?
lolland30 3 years ago
economy collapses by September 2008! I'm sure we will begin seeing more people predicting the same as what I just said. Prepare now people.
markymarkuss777 3 years ago
I agree, I think the fed is just trying to push the problems enough months into the future so that the average Joe will blame Obama
I don`t see any logic in the ´fed cuts, It`s the ain reqason for the third bubble in a row (IT,Hosing and now oil) oil is also driven by the growing demand and a platou in production
lolland30 3 years ago
Do you not see that everything you talk about is communism?? If you do not have control over free trade, what is that? If powers behind the curtain are making policies without the peoples consent, what is that? The words you want to argue over are simply that-words. If you believe you live in a free democratic state, then you are happy, and dont worry about it. I believe in the liberty a republic offers, anything else is a guise to hide the truth.
2resist 3 years ago
free trade?
how about 100$ for every American spend by the fed to bail out a bank that had
made idiotic greedy investments in peoples
mortage, and this without the people having any say about it?
(I`m of course talking about bear stearn)
and what the hell kind of communism are you talkin about?
the famous "we have a stockmaked, 38 000 millionairs within a population of 5 million , comersials everywhere and
mcdonalds on every corner"?
I guess you don`t travel alot?
lolland30 3 years ago
I dont even have to argue with you. You make my points for me. We have no free trade. If you ask the average American if we had free trade, they would say yes. My point is, it is a illusion. You call it democracy, I call it communism. They are just words with no true meaning. We are a Republic not a democracy. That is what our founding fathers said they gave us, but they also warned us we would lose it.
2resist 3 years ago
If people in the U.S. are told to fear communism during the cold war by the government, after fighting fascism in world war II, what political system do you think the American people would fear our government would turn into- not communism. The word Republican and democrat are simply words handed down by a government to divide the people into groups so they will fight amongst themselves while rights are being taken away. That is why we are a forgotten Republic that has slowly turned into A Dem.
2resist 3 years ago