Crisis Report: Imminent Collapse of Banks & Our Financial System???

[horsehorsehorse400]

Someone said that they will super inflate the dollar and then pay off some debts. But we will still be super broke.

I would not have cash. Buy silver or stock goods.

[ChrisPCrunchy]

I only accept monopoly money these days.

There is less of it in circulation and it at least has to be printed not just created by the fed just pressing a few keys on a computer, yet it is made of the same stuff with the same real value as US dollars.

PAPER !

[ArmedMichigander]

A collapse cannot be "eminent." It could possibly be imminent.

[brown55061]

When China, Japan and the Saudis dump all of their USD assets the "trigger" will being. Banks will close their doors indefinitely and refuse to pay back money regardless of FDIC. I'm getting all my cash out of the banks and buying land and precious metals.

[kroznot]

where are these countries going to dump their assets. they have been swindled, there are no other major economies which would want the bad assets

[brown55061]

The USD is still a major trading currency even with all the dirivitives and banking crisis. Think of 3rd world nations who's dollar is still only worth 5 cents on the USD. Someone will always buy dollars. Oil and Energy are still denominated in USD...for now.

The silent killer is foreign banks are not buying treasury bills and bonds anymore. Nobody is funding our debt by buying our worthless assets.

[rayme4raw]

What we are seeing is a collapse in our money system. If you look at the Great Depression, it was not a good time for the banks, just like Chrysler & GM which we bailed out and they still went bankrupt, the Big Banker Bailout will result in the same thing, we bailed them out and they will still collapse. Money well spent

[buzzz1213]

They will collapse but not until they pay themselves big bonuses of our money!

[rayme4raw]

True, but let them die and let it kill the reputation of every politician that voted for the banker bailouts and Obama, the ultimate banker shill.

[marpoq]

might want to move your face a little farther away from the mic

[ronpauljimrogers]

I think you mean "IMMINENT collapse". "Eminent" means distinguished, esteemed. "Iminent" means immediately forthcoming. m-w (dot) com Thanks for the video.

[Growby10]

@ ronpaul -i meant to do that!!!! LOL! that's what i get for doing video's at 1am. thanks bro!

[thequietkid10]

the collapse of our banking system has been "Eminent" since October.

[labartic]

Correct. It has been postponed. youtube search "550 billion" and watch that video.

[dontblamethemessenge]

does this mean i will have to remove even more money from the bank (euros) ?

Is it wise to keep much money on the bank i mean.

[rayme4raw]

I would move out of a big bank, I recently opened an account at a local Community bank and have started moving my automated activities like direct deposit and electronic checking from my big bank account at JP Morgan & Chase. Don't keep a lot of cash in your bank, keep only enough to do your monthly business in the bank, the rest of your money I would keep on hand.

[imigrantpunk]

you can actually see the data (of years 2007/2008) on troubled asset ratio for every bank in US. choose the ones that did not get engaged in risky lending (low ratio). google this to find the website: banktracker

[i4Truth]

Good vid Growby....

[ohio1998]

Great work again did you see my videos yet?

[slayerminion183]

to quote a classic this is government attitude at the moment: win if you can survive if we let you

[taineasy]

New wave of job cuts starting. Amex 4-5000, HP 6400. This along with traditional summer cutbacks will be devastating. For every 500,000 cuts per month 50-75,000 more will loose their homes. Basic economics: Jobs = Economy. Read Meltdown by Thomas Wood. This ecomony is not repairable and the illuminati know they went too far this time. Insider trading at an all time high will the average idiot retail investor is buying into this bear rally. GET OUT WHILE YOU CAN.

[wrinkles1931]

"Traditional summer cutbacks" yeah right...please state what that means, unemployment usually goes down during summer time, travel industry expands, household spending rises, outdoor activities increase, shopping....your statement is bogus

[taineasy]

Maybe on your planet! Only temporary part time employment increases in the summer months. Full time employment decreases and has always decreased. In the US U6 unemployment is currently at16.2% not the BOGUS government number of 8.2%. U6 will be 20% by year end and 25-30% by the end of 2010.

[skyding8962]

That didn't happen in 2008. Consumer spending first actually started dropping last summer.

[aw3212]

@taineasy to your last point about insider trading - you couldn't be more right! PUMP AND DUMP! There are large blocks being bought at the last minute to pump up the market or "paint the tape" they the average idiot buys in at this great rally and they dump it and start over. look for a lot of this spiking up and down in the next few months until the system totally collapses - end of year=TROUBLE!

[donharlan1]

This is all planned. The destruction of our manufacturing base, the deregulation of the derivative markets, the suspension of the uptick rule (now reinstated), the no-money down on buying a house, and now the tightening of credit. And coming to a town near you this late summer, deadly flu vaccines. The NWO is becoming very overtly aggressive. I am guessing they're beginning to realize their end is near as the light energies of this planet are increasing as we approach 2012.

[wrinkles1931]

ohhhh...go back to watching spacemonkeys or something....

[motonegros]

Thanks for that much needed dose of reality Growby.

[atsilnadv]

destruction by design?...what follows a collapse of our economy?.....more control?..don't close your eyes....peace

[Growby10]

@atsilnadv - i'm afraid you may be right. it follows history...those w/ power want more of it...and want it for as long as possible. what is happening before our eye's may be a massive and fundamental power grab...our our freedoms, wealth..and our future?? I hope not my friend.

[atsilnadv]

i, too, hope not,,,however, i live my day-to-day as if this were the very aim of the manipulations occuring,,,,and it bodes no good for humanity....stay alert...peace

[4rcane]

No, whats really happening is Paulson etc are bailing out their personal friends. To avoid charge of favouratism, they bail everyone out, to hide that fact

[Growby10]

@4rcne -yes. that is part of the story! And many of the bank and institutions like AIG, was used to funnel even more money to Paulson, Goldman, etc.!

[therealcaptobvious]

Obama tried to appoint Gensler as the head of the Commodities Futures thing and Geithner is appointing Pickel as the head of the ISDA. Both appointees oversaw and allowed fraudulent derivatives to be traded since 1997. They need to be on trial, not in these positions.

This is happening AFTER the $700 billion bailout and probably what they're citing as the "economic recovery".

So it looks like we're going to need another bailout in the future.

Socialism is bullsh*t, i'm telling you.

[therealcaptobvious]

With that being said, Obama is not trying to fix or act responsibly with the derivative markets.

They're exploiting the subprime disaster to tie strings onto banks, industries and the states.

BTW, AIG HOLDS GOVERNMENT PENSIONS. I'll bet you that they hold Congress' pensions in there.

Something is up.

[Growby10]

@therealcaptovious - the so called savior...ain't saving anyone....except those who don't need saving.

[CosmicDramaQueen]

I am right there with ya!

[Growby10]

@cosmicqueen - we need everyone we get! ...oh and one more thing...don't you sleep? =)

[CosmicDramaQueen]

I am A night Owl..but I was just heading off to ZZZ when I saw your reply...I like your vids and have been watching you for a while...Night night!