Economic Crisis Update (July 24, 2009)

[AgnesBojaxhiu2000]

the wsj-foxnews-rushie GREAT DEPRESSION neocons is the obstruction politico of NO ... the manson i mean meocon i mean murdoch family (bod & largest shareholder) are lead by foreigners mostly from australia ... msnbc has leaders bill gates & ge & nothing is closer to apple pie than them ... the jedi knight obama were born here ... the manson's insist foreign leaders from countries like australia & china & france know what is best for this country & for you too .. join the fox news sponsor boycott

[GoatHollow]

Oops hit wrong key. Good investments. Wheat, Rice, HEIRLOOM SEEDS, shovels, hand woodworking tools, solar panels, wind generators, backyard chickens, canning jars with lids, first aid supplies, vitamins, tp., bleach, water filters, antique appliances (no electricity), ammo, firewood, wood stove, gardening books, foxfire books, soap, n95 masks, hand sanitizer, goats or milk cow, do housing repairs now (or at least buy supplies), a tent, fruit trees, insulation (easier to keep house warm)

[TheShnuz]

Right on brother.

[GoatHollow]

Good investments. Wheat (store in buckets), rice, H

[hc167]

why talk about Warren Buffet?? He made a lot of money before, but doesn't mean he can always make money. since I bought Goldman Sach and GE. I have determined that he will be losting a lot of money. You think Warren Buffet always win? well, maybe this time he will lost. Or maybe he is lie to the public.

[AgnesBojaxhiu2000]

the rushie Great Depression neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... the manson family i mean meocon family still insist that the jedi knight obama is doing a poor job with the economy ... they would like you to forget about deficits they ran up ... & how nearly every bank became a failure, not to mention millions of companies including gm & chrysler ... it was because of manson family laissez faire philosophy ... & their belief GREED is good

[MrTabby5000]

Dont forget reagans SL crises another republican president.

[clarkewi]

Nice work brah! Thanks!

[WhiteCastleFarts]

dude you're totally ripping off demcad's channel

[endlessmountain]

Really? He talks nothing about the mayan calendar, he talks very little about spirituality. He does not show charts or technical analysis on his channel and I am ripping off his channel? My music intro that I have is just like his (oh wait, I don't have one)

If anything he is ripping mine off, for I started before him, but it is not about that. It is about posting what I think is right at the time.

Obviously not everyone loves themselves yet, so this shows me I have a lot of work to do.

[ABETRMAN]

Eric Sprott: advises:

We Are In The Early Stages Of A Depression

July 24, 2009

We are NOW in the early stages of a Depression. Eric states The Real economic activity indicators are all signalling a slowdown of massive proportions.

You wouldnt know it reading the mainstream papers of course - they all focus on the relative decline in the slowdowns intensity.

Reading about the slowdown slowing down is not the same as growth however, and does not warrant excitement .

[smithma01]

Leave the drugs alone...

;-)

[endlessmountain]

so this depression will still go on in 500 years and 5,000 years? Wow, interesting views I must say.

I disagree as I am bullish on a recovery that will be magnificent. However, not the way wall street and main street want it, and not any time soon, as in at least a half of decade, and I guess seven-eight years.

This depression should be worse. But with energy availability, there will be massive over the next six years on a universal level. We can create anything we want, and we will.

[AllahConsciousness]

By the time this depression ends, humans will no longer have genitals or vocal chords and will travel the cosmos in intergalactic space cruisers.... X-D

[UVpirate]

OMG! No genitals or vocal cords? The future is looking bleek!

[cnxtrans]

I agree with you, unless we can find a proper energy source to replace oil. (e.g. Nuclear Fusion).

[ehswan]

This fellow is obviously sincere and also a total geek, complete with the rocking and hand gestures, (nice hands), but the refferences to the Mayan calendar disturb me. I think 91101 is a more appropriate reference. The cataclysim has already happened and we are now living in the resulting chaos.

[endlessmountain]

im sorry that reference disturbs you. However if this disturbs you, then that must mean that consciousness disturbs you, as that is exactly what I am referring to you. So that means everyone including yourself disturbs yourself.

Either that, you are are misinformed about this calendar, like the majority of humanity is.

[UpTick21]

Increasing the minimum wage by 10% has an effect of an increase in unemployment by 3% . . . the worse thing that the government can do right now. The world is out of control.

[dgmoocher]

Great Derek!

Don't mean to be greedy but are you considering another e-book? :)

[endlessmountain]

LOL, ive been working on it this weekend actually and will have news on it, over the next week or two.

[dgmoocher]

:-)

[Danster82]

1 no... Bernake must watch your channel.

[BLynchCAN]

ECherrs Endlees

[blackforest270]

The more i watch you,the better you get!

Keep up the good work.

[slobomotion]

This is a really good video.

I saw a time like this before. I recall around 2001, a lot of companies here in France let employees go in early retirement. Things were sluggish, but took even longer to pick up because older, experienced employees were gone and they couldn't find young replacements with the necessary technical skills, which weren't that high a level but did involve a couple of years at tech school. So watch out -- fragile underpinnings here all around.

[thehatefulnerd]

What's with your hair, dude?

[jcattera]

Do you think Oil will go above $100/barrel soon? I'm bought PBR (Petrobras) a few days ago since it's a reflation play.

[endlessmountain]

when the dollar keeps losing its value, yes I would. Soon as in a few months from now.

[dellamalo]

PBR is a great play. Check out PZE also, it is another Petrobras subsidiary.

[UpTick21]

I totally agree!!!!! I am totally out of all US stocks . . . this last two weeks has shown manipulation. I am fed up with it. PBR has made me some very good returns. Trade well and prosper

[herbs814]

stocks are always a leading indicator of economic conditions. stocks always outperform cash and debt instruments in the long run. Buffet is saying nothing and sounding pretentious while he does it... much like our central bankers and media disinformation personalities.

[endlessmountain]

yes, and the stock market when adjusted for inflation is in terrible shape. This chart has been a great leading indicator. Before, inflation was low enough where the differences from year to year or decade to decade was not as high (although it was).

On the DJIA inflated chart, it shown the recovery for the 50s and 60s well. It also shown the fall of the 70s amazing. It shows the 82-00 boom and it shows the current bear market we have been in for a decade now.

[RodneyHampton]

You can tell that the stock market is overheated. Look at the low volume and amount of options trading by Goldman that's levering the price higher. Look at the PE ratios of the major stock market participants. Look at the low TED spread but lack of lending from bankers to consumers. Obviously the excess liquidity is pouring into the stock market right now.

[dellamalo]

I was the no vote. We know whats in the books. Do you want Barney Frank and Maxine Waters flipping through this stuff?

[mkoleary62]

Barney probably already knows what's in the books.

[slobomotion]

No, I don't.

[Eraser7622]

Excellent vid and I agree with you on every single point. The only thing I would change is the thanking of youtube and google.. they will cut you off as soon as the PTB want them to or you get too much attention, just as they've done with other truthers. they should be thanking you for fulfilling the mission they're SUPPOSED to be fulfilling by their own mission statement of not being evil. I guess the dEVIL is in the details. Keep up the great work.

[prudentinvstr]

Good Vid. Remember that they had a formal dollar devaluation of 70% against gold in the 30s. So now whether hyperinflation or devaluation the result will be the same in dollar value . The stock market in the 30s still crashed even with the currency event devaluation. .Its hard to say what will happen to stocks today but lost confidence in the dollar might chase commodity stocks,gold ,silver,and agriculture,and the dow ,s&p etc would still crash like in the 30s.

[mountaingoatrunning]

You are right on the money, as usual. Anyone taking the time to think through this economic crisis will follow your advice. And if nothing dire does occur, we've lost nothing. Should things fall apart we are prepared. Take care my friend. Thanks for the information.

[K3RCA]

Keep Up the great  vid's!

[Mongodelight]

abolished not audited. The best would be to burn it down

[charlie4114]

great vid