Take your money and run (II)

[Mr2wings]

youtube.com/watch?v=SnL56rSmmC­8

[nextlifeguitarist]

hey Bern!.....really what do you suggest? take out money from bank right now? your words will be very appreciate!!!

[buddybleau]

There is so much money out there that a cup of coffee is now around $2. When the economy finally collapses there will be no more jobs.Therefore there will be no money. No one will have any money. Could they still sell coffee for $2 a cup? Of course not.A cup of coffee will probably go for 50cents or less. Now your dollar has buying power. Ready for this? Put your gold or silver in place of that cup of coffee. Your profit is gone! I don't care what you own, it is worth no more than your dollar!!

[leninovich]

@buddybleau For some reason I dont follow ???

[2999dustin]

what a fucking dumbass

[RandallSteen]

I love the accent. Sorry, you remind me of Arnold, but with a brain.

[shocky2012]

errors always occur on interesting videos, lol

[olh1152]

We are still here, June 6, 2010. The system was bailed out with taxpayer money by Bush and Paulson in 2008. Ultimately system will collapse starting with Europe. Too much debt. The USA not too far behind.

[StopThisInsanityNow]

A very candid video, nice. Keep it up!!. what's more...you were right all along.

[StopThisInsanityNow]

A very candid video. Great job!! And what's more.....you were right all along.

[aargirhsmil]

thats why they will try to "hit" the "value food",for sure they will try to possess the worlds food,why?because they want the real value in order to achive one ruler and one ruling of the all world,so dont laugh over greece bacause the dick is coming for you too

[aargirhsmil]

"nobady is buying gold because its to heavy":,imagine that ,what they want to achieve by the techikal crisis is nothing to have value,no money, no gold,the only value is the food for people,if they manage to do that,food was is will be the basic value,if someone has a lot of food gives some value to fake values(gold etc),so in order to achive the destruction of global economy they can very easy "finish"the value of gold after the money,imagine what will happen,nobady will take gold for food

[aargirhsmil]

men who cut your hair like that?anyway,someone or some people hiding the words money,because were ever was a crisis and money lost,these money won by others,nobady burned the money

[MarkMillionaireGuru]

Hi jberni1

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[huskerbird1]

we used to be owners,,,, now we're all renters, and I'm not talking realestate

[Igentenos]

Hahah...yeah everybody knows most politicians have no integrity...and many are not very smart.

[BA0084]

sending everyone i know here to your chan. thank you so much.

[gvarhelyi]

Great video

[squared34red]

Holy shit, you have been correct on everything.

[Popajaja]

Five hundred dollars, friends, I lost:

Woman even sell me cat and horse!

Heya! Matilda, she take me money and run Venezuela...

- Harry Belafonte

[ItsJustTimeTo]

Nice reasonable scenario. 50-50 is a safe estimate - never right or wrong. It didn't happen this time but its still out there - maybe Plan B in 2009?

[Mongodelight]

i ve bought 70kg of silver. 15Kg = 1 house soon? .It would be just history repeating

[silverjunky999]

not etf i hope

[Mongodelight]

no futrure contracts hahaha

[cmedia1337]

1kilo will be a house if you can wait long enought

[Mongodelight]

no. in hyperinflation weimar/zimbabwe style gold wins. when u can buy with a kilo silver 30 loafs of bread, or real 5000-1000 € real estate In Weimar gold was a worth a 1000(ounce) times more which means it would perform 20 x worse in that situation. That would be also great, but a few ounces gold would make u rich. 20% Gold!!!

[penfolduk78]

one of the things i find funny about commodity prices is people forget that it's just another bubble forming

[grannysvids]

good info....

got to say though, i paged down to look at the other responces, and was still listening to you, i thought.... hhmmm, arnold swarzeneeger... "i'll be back" ooozie nine millimeter!!!!!.

peace!!!!

[Gangularis]

This guy is anti-american

[elyohcsrev]

Ya don't say!

[Gangularis]

lol i was just spouting random crap to see if anyone would fight.

[po3jax]

No SHIT the economy is going to get worse before it gets better, just like the depression decades ago. But unlike the Great Depression, America has no such thing as a honest, decent working person anymore. My grandmother was in the Depression and let me tell you, she said that people used to help one another. Now -a-days, it's every man (even family) for themeselves. Crime status is going to go WAAAYY UP. It's such a pity to see such a great country fall from grace.

[strategicatch]

who's his barber?

[Guled1989]

I planning to buy 50k worth of gold

[Mongodelight]

good decision. keep an eye on your supply ;)

[tilbis1]

Money will not exist therefore, you will not be able to use It as It will not be a currency.

This Is why we should tell the governments of the world WE THE POEPLE WILL NOT BE CHIPPED!

The Veri chip will be the way the world will run, If we accept It, we have to look at reality, and what they are telling us they are going to do, It's no secret.

It seems to me that people only want to hear what they want to hear, and a lot of people disregard fact without any effort made to find out the truth.

[fraziermachine]

For all of us I hope you are wrong as well. It is better to be safe than sorry though. Anyone ever heard of the rule of the 6 P's? Proper Planning Prevents Piss Poor Performance! Have a great day!

[spanishdude2010]

this "amero" will cause alooot of problems... maybe even a war... i was thinkin if obama gets assassinated there might be a war too... idk but it seems like that 2012 thing is true.. something bad is gonna happen dec. 21st 2012

[vinny1010]

Dec 21, 2012 - You need to really read and understand history before posting something like this. Both Hindu & Mayan calendar states 12.21.2012 is a period where consciousness will SHIFT, a new "Golden Age" era will be born, however, prior to that, the Earth will undergo a "cleansing" process. 2012 will be a positive year for the Earth and the people. Have faith!

[nkosmach]

yay!

[po3jax]

Oh plz.

[VivaMydick]

I took my money and I ran . What shall I do next ? Sit down ? Jump up and down ? or run backwards ?

[tyronebiggums3]

Quote of the century:

"Lets assume that 90% are not intelligent, which is true."

(in reference to politicians)

You are my hero!!!

[KhmerD0g]

embrace gun and god. economic disaster is coming

[Mr2wings]

@KhmerD0g This how I am getting prepared. youtube.com/watch?v=SnL56rSmmC­8

[MakeCakeNotWar]

Thanks for that. Could you talk a bit more about investing in gold? Or what do you think the government might do to limit your ability to invest in it? I've been buying silver and gold mines shares, but have been looking at buying precious metals directly

[mravka9]

Deine Diskussion ist gleichzeitig ernst und lustig. Danke für die erklärungen über was jetzt in der Weltwirtschaft wirklich passiert. Ausgezeichnet.

Ich habe ein frage. Warum steigt jetzt die U.S. Dollar im vergleich der Kanadischen Dollar? Wir haben bis jetzt keine große Finanzkrise hier in Kanada. Aber trotzdem in der letzten Wochen hat unser Dollar fast 15% im Wert verloren.

Grüße aus Kanada!

[jberni1]

Hi, I just post it in English, if thats ok.

There is a high demand from the US industry, investors, funds etc for liquid dollars. As the banks do not give credits, the demand is higher and that increases the price. Just think of it as the Ben Bernanke Dollars are still in the photocopier. Once the photocopies are distributed, you will see inflation.

[mravka9]

I understand. Thank you very much, that makes complete sense.

I've heard from a few sources that the $700 billion dollar bailout package (in the U.S.) will only be distributed sometime in the next three months. Am I correct in believing that we will see further market volatility and then inflation or hyperinflation after the new president takes office in January 2009?

[dannydarias1]

@jberni1 Incorrect. You are not considering the credit part of the equation. Credit is being wiped out much faster than the 3 trillion of bailouts. Its not inflation, its deflation.

[szaki]

It's Oct 17, but nothing collapsed!

[dojufitz]

JB,

what is this talk of Bretton Woods2?

Berlusconi has mentioned this after paying his respects to the local mafia don....

Surely the USA have no power over monetary demands in the world now?

Can they dictate the terms in another Bretton Woods? I doubt it....

[kidbilly1970]

Very good analysis. However, what should we do with our cash which is being devalued? Would like to hear your comments on what to do with our savings. Withdrawl everyting and hide it under the mattress, buy gold???

[DavidAKZ]

Here is a question. If the value (price ?) of assets are falling and banks/institutional investors are selling assets to stay liquid and there has to be a buyer for every seller, who is doing the buying to discover the price ?

[BabkinsGoat]

"Made in China"

"We'd rather hire illegals becouse your too lazy"

"welcome to Walmart"

All this comes as a complete surprize :P

with a massive life savings of 2k? other than buying extra ammo my options are slim :P

[Tyrsbane]

Don't forget your MRE's!

[jberni1]

I found a very interesting website by searching how to benefit from the crisis...

It says when you engage into barely legal activities, you will become rich...it even suggested those measures.

I did not like any of it, but I agreed they were correct...

[BabkinsGoat]

Link ? :) The only thing I've done illegal is to not pay taxes...But if people would hire me I could so...

[dojufitz]

JB,

you were right about the 10th - in Australia the markets have dropped alot!

Gold is way up in Aussie dollars now due to the dollars weakness! lucky i have some!

[Yayapilo]

How is this crisis affecting Germany?...has unemployment gone up?....have people cut spending?...thanks for any response as I have heard and read about England, IReland, Spain...I don't speak German so I can't read German newspapers.

[jberni1]

Unemployment in Germany up by 223.000

[CelesCI]

machen Sie vielleicht bitte auch ein deutschsprachiges video dazu??

[papariccardo]

New Zealand is a good, sensible option. Plenty of farms, very low population, and right now a good exchange for US$. Also a long way from any northern hemisphere catastrophe, and with the largest sealed aquifer outside of the Antarctic. I sure wouldn't head for Europe or the US. Also, many people there are preparing for the worst, despite hoping for the best. If you know people heading this way, let me know. In order to survive the coming storm, people need to have likeminded people around them.

[CivysCare4Soldiers2]

Maybe the world economic system is not a real thing like you think.

Perhaps the world economy is a communication system where actors exchange Commodities/Curreny and most importanly Labour.

Maybe the communication system would slow down if Capital bankers no longer value selling credit products for a return!

So therefore the bankers dont control people they just have control of credit production because [WE] choose to let [OTHERS] control this production!

[fredcolumn]

When a look back a couples of month ago, it is really amazing how some of you guys well informed where warning us. I bet some will says those video where not post at this time but i can swear it was! What a visionary. Would you really stock food even if Brussels? Island today are facing a 15% increase of price food in a couple of days...

[Nughtwalk]

The world already has one system collapsing, though it is a small one: Iceland is, according to the Tagesschau of this morning, bankrupt. Their banks have lost ten times more money than there is in circulation in their country due to speculation. Though it is just a small economy, it is a good example for the people being hostage of big money.

[watsonater]

Sadly this morning our government just announced a 200 Billion GBP bailout. No gurantees we'll get the money back, it is an investment afterall and no assurances the tax payer will be prioritised for dividends. Propping up a defunct system will only delay the inevitable. Let it collapse under free market conditions and start alllll over again.

[Budvb]

Hate to tell you this Jay that all that Paper money your running with is WORTHLESS PAPER! Get GOLD/SILVER Fast, this things going to go insane soon.. I know the Physical Gold and Silver Market is Drying up fast! In Hoc Signo Vinces

[jberni1]

Post a link to me about those, and I create a hall of shame on my website !

[DangerousCombination]

In Australia (Westpac Bank), they're now saying you need to call 2 days in advance to withdraw cash (more than $2000 AUD). Otherwise it's a cashiers cheque.

[DangerousCombination]

I think this is true, they will access people's capital rights. My guess is politicians will use this chance to eliminate cash.

Looking at the bigger picture, the whole world has been heading toward a cashless society for decades.

In this case Gold will be worthless for the common person (only wealthy will be allowed to own it). All wealth will be tied to banks, shares, or purchases. Otherwise there will be total banking collapse.

[jberni1]

Yes, but politicians need cash as well. That is the only way they can transfer the money to and from their swiss bank accounts...

[forestlight5]

Just caught your vid for the first time this evening and followed it up by visiting your blog. I found your blog informative and intelligent, so I have subscribed to your videos and look forward to the next one. Guten Abend.

[timelesstruths]

Cool

[YouChooseASide]

they are doing this already. i cant take 3000 out i can only take 1500, they said come back in 2 or 3 days to get the rest

[jberni1]

Where is here ? (country, bank)

[YouChooseASide]

America Ohio, National city branch. They tried to keep people calm and would not talk over a wisper. they said you can not take out all of it. people started to over hear this and they said that we need to come back in 2 days. They tried to rush us out. The next day I tried to cash in a cd and they asked why and I said I needed to buy something and they said we can give you a cashers check I said no I will take cash. theyu didnt like this gave me a hard time I said I would make a Fuse out loud

[jonah70757]

Protocol today is to call ahead a minimum of a day in advance and let them know you will need to make a large withdrawal. I have been recommending for 2 1/2 years now to buy Gold and some silver and to keep some cash at home but not to much.

[gmoney415]

You're kidding!!! They actually limited how much you can take out?

[YouChooseASide]

no I am not. They are not telling people out loud. If you live in the U.S. now would be a good time to pull it

[jonah70757]

Even Jim Cramer said on the 6th to sell if you even think you will need the money in the next 5 yeasr even if you sell for a loss because the market will go down a minimum of 20% more. The 5 year time frame mentioned by Cramer indicates a very long deep bear market

[thecoolconejoman]

Getting outside of the united states would be a great action to take. Withdraw all your assets and head deep south. Ecuador or Guatemala Or whichever place you may see fit. Although Canada seems as tho the events there have a good chance of mimicking the events that will be happening here soon. I keep suggesting to people to Create a small network with familiar people in order To have an escape plan. Luckily for most, They are listening. I understand not everyone has this option. Gods Speed. USA

[thecoolconejoman]

Yeah, even if its a couple thousand. Luckily my brothers local bank let him withdraw ALL his money. it may depend on the area you live or which bank you are associated with. Just take out the maximum limit One day and go back the next day to Withdraw the rest. Whatever you decide to do, Use that money soon to buy very useful tools and supply's. Becuase the longer you wait, the less your money will be able to purchase. Especially in a month or so. So its like they say " Think Quick "

[jttt5]

only problem is u.s. dollar will be demonitised, meaning it will not b e legal for trade

[jberni1]

In an economy which imports more than exporting, and where most exports were services (banking, etc) it might make sense to allow trade...

Said so, you are correct, this is an option

[bdc03]

Why do you say 10th and 11th of Oktober?

[dojufitz]

Thanks JB,

you are a great educator - thank god for you tube!

from Australia. best Dom

[aj010139]

Jberni1 i love you! thanks for all the informative videos.. you really seem like a genuine and nice guy helping out the less fortunate.

peace!

[jberni1]

Glad to hear. We will meet and celebrate here in Barcelona, during the crisis. At that time our small comunity here should have become wealthy compared to the losers, which are consultant resistant...

[aj010139]

Jberni1 why Barcelona? won't you be ok in Norway seeing that your supply alot of our (Uk) natural gas, and obliviously your a rich nation which i was told is the reason why you country hasn't joined the EU.

Regards,

Alex

[aj010139]

sorry made a mistake. posted in the wrong video/ got confused. hehe.. but hey, Jberni1, maybe, just maybe.. we will all meet in Barcelona. Regards

[NZlaughs4u]

Hey, I have been following your videos for awhile, I just wanted to say about six months ago I would not have believed you. Since the multiple 500 point + drops on the Dow jones and the following mayhem and all your predictions coming true I watch about 6 youtube economic related videos on a regular basis...

One question do you know anything about Credit Default Swaps (CDS) this market is collapsing and is worth aprrox $US62Trillion...

[VonMisesFanatic]

Look, even during the great depression there were people who became wealthy (in the USA). It's just that the economic landscape will change.

One thing to note is that, according to the USGS and present consumption patterns, there is only enough 'mineable' gold for another 16 years. Last year, China removed the ban on the purchase of Gold. Now there are 6 billion people in the world who can own it. If you can put your money in gold for 5 to 10 years at least you will get a handsome return.

[taznruby]

jberni1,

You have good insight. Many will profit from your words. As I write, the DOW is -435.43.

A shift does approach, as this happens now. I have seen the "storm clouds" for two years now. A derivatives explosion is tearing the seams apart and what you say is very possible or even worse. We shall see.

Great job and keep the updates coming.

Bis zum nachsten Mal

[aukxsona]

In America they already have limits on withdrawals. In America we have lost several large banks. We also have governmental pension, called Social Security which is bankrupt. I have withdrawn all of my money already. Many of my neighbors aren't and I don't know why! The banks in town have more foreclosed properties than deposits!

[jberni1]

That is the reason why Germany or Spain, relatively small countries, could bring the whole system down...

The countries where people are saving and banks have deposits to lend it to the US...

[JackNeedles]

Great video. Yep, we're gonna see some major falls in this month. I am so glad I started storijng food and buying bullion over a year ago.

[jberni1]

I am glad you are prepared...Let´s see what will happen.

[JohnnyGGN]

So, we should invest in gold?

And convert our loans into dollardebt (since its collapsing)?

[jberni1]

If you can makesure that:

1. the debt is not transferable in case of bancruptcy of the lender

3. you have a fixed interest rate over a couple of years

Then you should be fine

[immumezombie]

they will destroy the us economy to sort out the world economy.

the us is now a third world nation

buy gold or other third world notes

stay out of the US in all cases

[clayvessel]

Hi... Nice job... The Kitco forum has an account of an Icelander who saved his life savings from Krona devaluation by cashing out of krona and buying gold last year. His relatives thought he was nuts...Now they are holding worthless krona.

Question: Would you cash in half of an American retirement fund (and pay 35% penalty and taxes on it) NOW for the purpose of paying off a home mortgage? I'm thinking of doing this but my banker thinks I'm crazy.

[chromedreamz]

Get out of the US dollar- pay whatever penalty -food/water, suppkies first- then Gold/silver- you will lose all anyway- get it now- The US has been intentionally killing our currency for the Amero-Even if not-, You will still lose all investments

[jberni1]

Many people think we (those watching the videos) are nuts...Time will show we were right...

[jberni1]

Reading the gloom and doom report, Bernanke mentioned that he would print money at any cost in any way! New way !

So, it might take longer. Lets wait the 10th an we can say more...

[Thunderwavia]

I agree, morals and integrety in the banks do not exsist. Like the thing about accessing the capital rights of the common people, and no real assets left to invest capital. Interesting stuff!

[jberni1]

The real underlying problem is that all the people have all the same education..and do the same mistakes....

On top if this pairs with absence of integrity its a disaster for mankind.

[rdority]

Thanks as always J Berni!

cybertrader69, I believe it is the latter.

[cybertrader69]

sorry, did u say we would NOT be able to invest in stock market? or is this their way of forcing us to put it in the stock market??

tx

[jberni1]

Yes, I have to clarify this point:

1.) They need capital for the system to work.

2.)Capital is leaving the "system" and turns into cash holdings; people sell shares.

3.) Stock Markets close, when they fall to much `Russia and Brazil`for days. During WW-I, even for longer time. (Keep in mind, this was a consequence of a 2 people killing in Sarajevo)

4.) The intention of closing markets is to stop witdhrawel of $

5.) So this might still happen in some markets for undefined time.