Not so many have known that one of the biggest bankruptcy filing in US history was CIT filing for Bankruptcy. It was done on Sunday 1 November 2009 when people are busy with other things but was never repeated on mainstream news on other days of the week as if it never happened.
I have been unemployed for over a year now, but I do not count on their statistics because I am not a Citizen and I can not get any unemployment money or help from the Government.
Can you name ONE world leader or president that NEVER lied to the people? it is about making sure people do not panic here, the economy looks dire we all know that but please allow us to grasp on to the little hope we can, even if they are a lie.
In this final hour it is imperative we unite despite our differences.We must educate this upcoming generation the principles the US was founded on, Austrian principles of economics,the things that the US did wrong recently and in the last 100 years, how we have incrementally been stripped of our rights. In this upcoming generation we can take back the US or lose it. Research and teach the enviro movement and the motives behind it. This gen can be the enlightened or welfare educated. Time2unite
First off fuck ron paultards. Next, fuck victoy for saying the system was definatley gonna collapse in feb of 08. Next fuck all of you right wing, ayn rand retards that thing the free market is real. I wipe my ass with your manifesto. Cuz im a REAL ANARCHIST
If your still confused just pull up a graph of dept to gdp. the percentage of debt to gdp is set to go over 100% of gdp thanks to bad monetary policy, government spending, the fed pumping money into wallstreet...
KEEP your Gold. And Silver. And PROTECT it. That means guns and Lead. When $1=0, you will be glad that you are part of the 1% that DID SOMETHING! CYA!
(I've been OUT of the banks for 2 years. Except for a 6 week supply of FRN's in the bank, EVERYTHING is in metal. (FYI- I have been "buying" metal since High School, when I bought a silver dollar every Sat, after payday on Fri.. Thank you, Dad, for the advise. We've pretty good, eh???
So if the dollar collapses, where am I suppose to put my gold if I do invest in it. And how close would we be to martial law if it does? Had this conversation at work and people were telling me money would be the least of your worries.
very true money will be the least of your worries but hierarchy of needs will. psychology (breathing, food, water, ect) in other words survival comes first. if you survive worry about gold and wealth later. the last time a huge crash like this occurred Hitler rose to power. In Germany undesirables were put in concentration camps (rich ones too). Even if you are able to "stash" some gold it doesn't mean you won't suffer consequences of any kind of an apocalypse.
you may laugh at this but I'm very serious. I have some videos saved of Nostradamus in my profile you might want to take seriously. Obama could be the 3rd anti-crist after Napoleon and Hitler. Mabus which decoded in the Nostradamus word game prophecy could mean Obama. Any way you look at it bad times are coming. The economy has been catapulted into a debt spiral by our government.
Up at the bell, rose in anticipation of Fed meeting, crashed immediately after, went up again (higher this time), then crashed again in the last half hour. Make any sense?
I think, after FED announcement that they will keep interest rate, everybody just start prepares for bad job report on Friday. They sad real estate has improved so I bought SRS at 9.82 and I close all my longs
Everyone keeps mentioning Madoff's $65 billion ponzi scheme - the largest ever.
Excuse me? What do you call a monetary system where the money doesn't exist in the system to pay off the created interest? Try a $100 trillion ponzi scheme, more than 1,000 times larger than Bernie.
Foreclosures are continuing at a rapid-fire pace that may accelerate in 2010, driven by rising unemployment and more adjustable-rate loans resetting to higher monthly payments.
"We'd hoped this year would be the peak as far as foreclosures, but we've since concluded it will not be," says RealtyTrac's Rick Sharga. "We should see a peak in foreclosures at the end of 2010."
I would not be surprised to see an uptick in the market if unemployment breaches 10%. Why? Because shedding employees means decreased costs resulting in better margins and maybe profitability. Most of the companies that have posted profits have done so by reducing costs even though sales are still falling.
You could be right, but at what cost? The divorce between Wall St. and Main St. couldn't be clearer.
One of the major problems I see that has developed from our economy over the last 30 years is that if the money continues to flow toward the top, then who's left to buy the goods and services?
Every time they take money away from the market through taxation, they destroy a job in the market. They absolutely CANNOT create a job through taxation. It cannot be done. They count the GOVERNMENT jobs that they create but they ignore the job that they destroyed. Obama hasn't created a single job because of this. All that they can do is create more GOVERNMENT jobs......that's it.
you can count on the daytraders jumping on Cit when it gets listed on the Otcbb or Pinks. It happens every time, a company goes BK, it gets relisted under a different ticker symbol( it will have a Q at the end of the symbol), first couple of days it tanks then it makes a breathttaking run. i'll be keeping my eye on Cit when it starts trading again.
Your prediction about Gold is coming true. India Central Bank have bought 200 tonnes of the precious mental swapping dollars for bullion at a cost of $6.7 billion.
It's happening guys the dollar is collapsing, We all new that the stimulus programme would devalue the dollar. The same is happening in the UK with the Quantitative easing, and guess what they are extending it in the UK. I cannot believe how irresponsible our Governments can be.
wonder if you ever considered doing something full or part time on the radio? I know you've done smaller raido stuff on the side, but i enjoy listening while I do my work. I think you'd be great for it.
I agree only with last 2 sentence .Buy and hold doesnt work any more. Fundamentals only depend on government decision. Plunger team destroying capitalism
Gold has been in the run since 2000, check gold price for last 30 years. It fluctuates a lot. Buy at lows, sell at highs. Yesterday Tom O'Brien mention gold will go to 1114. I have FRG gold and PASS- silver stocks. Dont buy fiscal metals, think how you going to sell them
I know how gold fluctuates. This is true of just about everything in the market. I am not really bothering with stocks right now, as I am mainly concerned about the long term value of my savings at this time. Plus, I plan to use these metals for other things besides selling them for money, jewelry, and forms of payment.
Guess who gutted the audit the Fed bill? A dummycrat, Rep Mel Watt, D-N.C. Where did he get his campaign money? The banking industry of course. Why can't we learn what the Fed does with our money. And oh, per Rasmussen more Americans strongly disapprove of Obama than strongly approve of him.
Tis is all from 1999 when Republican bank puppet Gramm put through the bank modernazatio9n act. Obama has nothing to do with it. it's all George Bush, better yet two different kinds of house loans Option A's and Option Arms are coming due the summer of 2010 and these were all WRITTEN DURING BUSH'S REIGN OF TERROR ! Ob ama has nothing to do with it. Blame yourself.
I guess you forgot that the people(Summers and Geithner)that were behind all the crap that caused our mess is NOW WORKING FOR OBAMA!!If you hired a contractor to fix your roof and 2 years down the road it starts leaking would you tell your friends to call this company when they need work done?
a calculated preditction or a suggestive direction? a fair warning or a jinxed path? ur side is a great description of a slice of pie in a complex contest in some ways no better than those who feed the side if fear Find a solution to the problem u preach than, id give ya 5 stars To everyone else... living life constantly gridlocked by the unknowen is which your shackled to a negative presence Live Free Die Hard HUH??
Very strong, good message. Everybody scare of job report and it is probably going to be more than 10% and I think Monday market will restart going up. Lots off people waiting for pull back to enter market
I notice the barrel at $69 then now at $77 in a two week span but the price has not changed??? Still at $2.90 for regular in California??? Makes me wonder!!!
"makes you wonder" this is total munipulation of the markets! why do you think we went to Iraq? i assure you it is a lot more then suddom hussain or supposed terrorists! hell, in america we are all treated like terrorists in the name of finding terrorists. if this is a free country, what part is free?
I agree. I "owe" BB&T $88.00 because I deposited it on Saturday morning, and it showed up in my account Tuesday morning AFTER my insurance, and other stuff had debited out. They charged me overdraft charges because my full check didn't post until two "business" days. Did I forget to mention that $100.00 somehow showed in my account as a credit that Saturday? More banking theft.
dude stop hating on fucking obama...im not too fond of him either but this shit isnt his fucking fault, he did the only thing he could and bought a little bit of time...
the bottom line is that THESE CORPORATIONS MUST FALL, they created these problems, they were saved and made no significant changes....can't go around preaching capitalism and then come up with an excuse to keep bailing out the fat fucks running these big businesses
Idk about that man, these businesses (mostly banks and health insurance companies) and running rampant at the moment grabbing whatever they can before Obama's plans start going thru. My girlfriend and her fam were paying 4500/yr for their healthcare last year, this year they're paying $7200, and nothing has changed with their well-being. We the people are getting fucked in the ass. Looks like these guys trying to grab what they can while they can. I got faith in this dude Obama
Then your a fool. Having faith in a man is not what made America great. It was having faith in freedom and liberty ie. WE THE PEOPLE. WE made the country great and are now tearing it apart trying to use our government to mug our neighbor for us. It is wrong and it will not work. It will leave us all poor and dependent like everywhere else in the world where it has been done.
I like what your saying, but it really wont. What made this country great is small government, and capitalism. Both of those are out the window now. Healthcare with a public option will level the playing field by keeping the cocksucking scumbags in check. Thats what it is....id rather give a little to my neighbors than know that their getting fucking assraped by somebody else, anyway.
God help us. If you actually believe your doing a good thing by handing an assault rifle to the biggest bully on the playground the frigging government. Do you seriously think that once government gets that kind of power they wont ever turn the gun on you. You can bet your life they will turn it on you with no hesitation and you wont be able to do a darn thing about it. But you will have created that monster by centralizing power. What you propose is to give the gov power to steal for you:(
its all around unfair to judge obama based on the economy, the dude has got to do whatever he can to clean up a disgusting fucking mess....however, im gunna make a real judgement on him on foreign policy, where a mess was left for him, as well, but he can take a more immediate and free action there, you know what Im saying?
If you want to a little heads up check out you tube Who let the silver bulls out. Yesterday I was with some Chinese friends who are on visas here and they didn't know about china lifting the ban on buying silver and gold they were like freeking out. China says they will not honor there Trillions of dollars of Derivatives Goldman Sachs tricked them into shorting they are going to sell the silver and gold at cost to there citizens. Good By Dollar!
put your money in canned food and shotguns, talk to your food stores about making allowances for dealing in silver and gold with the understanding that the metal stays in commerce and never ever see's any banks because if it does it will vanaish forever
This is what happens when the middle class doesn't have jobs or money .Fuck everyone that thought they could destroy the middle class and everything would just work out peachy .
You're the best... you've put out some really great shit. I've been watching your stuff for months now, but I never told you how much I respected you for giving those seminars for free. I only wish they were on the east coast so maybe I could catch one.
i dont really know actually the last time i checked it 2 weeks ago it was on its way down so like i said it fluctuates so much its hard to say where it is now and where it is going to be and if it will stay there.
you go ahead and invest in your gold, it holds its value but it still goes up and down. to bad its not liquid so its purchasing power is equivalent to a steaming dog turd....
Just about everything goes up and down. The only thing that stays constant in markets and the world even, is change. I see gold as a good place to maintain the value of one's savings at the very least. As for liquidity, I find bullion to be considerably more liquid than land or buildings.
It doesn't fluctuate THAT much. Compared to some currencies, it's actually pretty stable by comparison. Silver may be a bit more volatile but there is increasing demand for it and you can use it for things (not just coins and silverware). You just have to focus on getting the best deal for the metals.
thankyou daniel, back burner news, mot, celente,schiff, truth tellers all. I love you guys. Oh and thanks for the sacrifice, I know, I try to preach what you teach.....
I think it's disturbing that the majority of Americans lack the interest to delve into the mechanics of our economy. Most people know nothing more than the 'market was up today, or the market was down today'.
Ford is driving the market today with their cash for clunker profits. Markets froths at mouth over it but doesn't look beyond the numbers. It should be way down on CIT news but it is not reflecting correct sentiment. My advice? pay no attention to the short term gains/losses. This baby is on auto-pilot and no one is looking at the heads up display (which shows a mountainside dead ahead).
Okay, it seems that it just takes a little more time! :)
I'm really interested what the "this-weeks-everything-is-fine-news" will be. Last week after Capmark/GMAC bankcrupcy many Indexes got hit quite hard. But on Oct. 29th there was the "everything-is-okay-let's-have-a-party" message of 3.5% GDP growth in US for Q3.
This joker is not anymore there for this week, and I strongly assume that the unemploment numbers will not have a 3.5% decrease. ;)
People are immune to bank failure neg. news. They have seen so much about CIT its just "same ole thing". Its like the market already had that failure accounted for in their heads. Market up on Ford sales due to CashforClunkers. And home sales pending in October from first time homebuyer stimuls. There are alot more people buying stocks and believing the propaganda. Stick with your guns, its a fairy tale with a bad ending.
The Kenyan illegal immigrant and his anti-Constitutionalist lackeys in D.C. will rally the liberal press into another B.S. fest, as the country disintegrates.
On October 30, there was a fascinating post on the 'net, a transcript of the comments of a "Mr. Blue" on a radio show in Cleveland, Ohio. The Mike Trivissano show, WTAM 1100, has a page you can access. All the answers are there. Nearly all.
I have been question how the US will repay China the dept. Sell Chine our nukes. Not just the technology, the nukes in bulk. The rest of the WTAM interview is already known to me. Thanks.
Yes, I heard about this when I lived in New York. I left there in 1994, so this must have been up and running for a long time. I was speaking to someone overseas, and a well-placed person warned me, everything was being listened to and to watch the words I used (I was speaking in bad French).
read a link today off urban survival vid 10-31-09; jim sinclair on the dollar from 8-14-09; giving 85 days to it's the dollars demise. that being in this weeks time frame. very interesting and speaks of the rock and the hard place, well here we are! vision or any of you economic adventurers check it out and what do you think???? post up, shoot. appreciate you all, kittenkattan has econ update today also.
Yes, KittenKattan's advice to sell up completely this past June doesn't seem so off the mark now. I thought then, hm, he's probably just a few months early.
HOW MANY TIMES? How many times have people fought for "our freedoms" when they truthfully, fought for a few peoples ECONOMIC INTEREST> AND NOW> NOW, the govt. can WIRETAP YOU, WITHOUT A WARRANT> What happened to the FUCKING FREEDOM?????
I have watched just about every one of your videos, along with Schiff, faber, keiser, Ron, and a few others. Mostly everything I agree with but I would like to possibly learn from your experience of real estate investing. As of yet I have been acquiring precious metals mostly silver to take advantage when the right time comes. Perhaps we can chat som time. Thanks matthew
Prov 23:4-5 (NIV) Do not wear yourself out to get rich; have the wisdom to show restraint. Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle.
1 Timothy 617 Teach those who are rich in this world not to be proud and not to trust in their money, which is so unreliable.
Matthew 6 19 "Don't store up treasures here on earth, where moths eat them and rust destroys them, and where thieves break in and steal.
Daniel, do you think this is the beginning of another string of high profile bank failures? If so, I don't see how Wall Street could keep on trucking along.
What about Citibank?? Sounds like they have 873 billion out of 1.2 trillion in outstanding credit card lines! And you as you know those credit cards are the last thing alot people pay now, if they pay at all!
Are there not laws regarding taking a loan (or in citi's position taking govt bailout funds) all of the while knowing that you are going to file for bankruptcy?
Isn't that against Federal law?
OH yeah law and tax only applys to the little people.....
word is out according to Bob Chapman and the International forecaster that the Fed is secretly transferring all the toxic assets to the Bank Of America and they will be going down by second quarter 2010 and this is why the CEO resigned just a while back
I have to admit, I am completely obsessed with this whole financial implosion. It's like watching a chess game with several players. I know who the winners will be (Goldman Sacks & co) & the losers (us) but it's still intriguing to watch the moves. Tick, tick, tick- boom! Tick, tick, tick, Boom! It's kind of like in the movie the Matrix- you can walk among the unaware & observe.
It is the conclusion of an inevitibility. Woodrow Wilson knew it was when he signed the Federal Reserve Act. The coward probably feared for his life and the lives of his family if he didn't sign, but the end result is what we are seeing now.
Not so many have known that one of the biggest bankruptcy filing in US history was CIT filing for Bankruptcy. It was done on Sunday 1 November 2009 when people are busy with other things but was never repeated on mainstream news on other days of the week as if it never happened.
junevi2000 2 years ago
Unemployment was worse and the market is higher.
loai050 2 years ago
I have been unemployed for over a year now, but I do not count on their statistics because I am not a Citizen and I can not get any unemployment money or help from the Government.
fatboysarebetter 2 years ago
Can you name ONE world leader or president that NEVER lied to the people? it is about making sure people do not panic here, the economy looks dire we all know that but please allow us to grasp on to the little hope we can, even if they are a lie.
fatboysarebetter 2 years ago
LOL a donkey standing on a elephant
AlbertInSanAntonio 2 years ago
wow i'm subscribing you are good
Ira0321 2 years ago
In this final hour it is imperative we unite despite our differences.We must educate this upcoming generation the principles the US was founded on, Austrian principles of economics,the things that the US did wrong recently and in the last 100 years, how we have incrementally been stripped of our rights. In this upcoming generation we can take back the US or lose it. Research and teach the enviro movement and the motives behind it. This gen can be the enlightened or welfare educated. Time2unite
MayonR 2 years ago
Once again you are completely RIGHT.
SaborCaracter 2 years ago
visionvictory, you speak with great calm and certainty in your voice..your demeanor is professional.. but still, you are completly wrong.
HipHopCoffeeLover 2 years ago
First off fuck ron paultards. Next, fuck victoy for saying the system was definatley gonna collapse in feb of 08. Next fuck all of you right wing, ayn rand retards that thing the free market is real. I wipe my ass with your manifesto. Cuz im a REAL ANARCHIST
mitchrix31 2 years ago
mitchrix31 _ sure hope that you feel better after the profanity laced tirade.
jhi1947 2 years ago
ya i do thanks for your concern
mitchrix31 2 years ago
If your still confused just pull up a graph of dept to gdp. the percentage of debt to gdp is set to go over 100% of gdp thanks to bad monetary policy, government spending, the fed pumping money into wallstreet...
x11115 2 years ago
Sorry, last line should read ,"we've done pretty good, eh?" My apologies.
Patriotgal1 2 years ago
KEEP your Gold. And Silver. And PROTECT it. That means guns and Lead. When $1=0, you will be glad that you are part of the 1% that DID SOMETHING! CYA!
(I've been OUT of the banks for 2 years. Except for a 6 week supply of FRN's in the bank, EVERYTHING is in metal. (FYI- I have been "buying" metal since High School, when I bought a silver dollar every Sat, after payday on Fri.. Thank you, Dad, for the advise. We've pretty good, eh???
Patriotgal1 2 years ago
Obama did create a million jobs.
500,000 jobs digging holes and 500,000 jobs to refill them.
jjenson2006 2 years ago
So if the dollar collapses, where am I suppose to put my gold if I do invest in it. And how close would we be to martial law if it does? Had this conversation at work and people were telling me money would be the least of your worries.
moreSmartLessStupid 2 years ago
very true money will be the least of your worries but hierarchy of needs will. psychology (breathing, food, water, ect) in other words survival comes first. if you survive worry about gold and wealth later. the last time a huge crash like this occurred Hitler rose to power. In Germany undesirables were put in concentration camps (rich ones too). Even if you are able to "stash" some gold it doesn't mean you won't suffer consequences of any kind of an apocalypse.
x11115 2 years ago
you may laugh at this but I'm very serious. I have some videos saved of Nostradamus in my profile you might want to take seriously. Obama could be the 3rd anti-crist after Napoleon and Hitler. Mabus which decoded in the Nostradamus word game prophecy could mean Obama. Any way you look at it bad times are coming. The economy has been catapulted into a debt spiral by our government.
x11115 2 years ago
It is time to start short this market, be ready to buy gold on deep
lilidk6150 2 years ago
WTF kind of action is that on the markets today?
Up at the bell, rose in anticipation of Fed meeting, crashed immediately after, went up again (higher this time), then crashed again in the last half hour. Make any sense?
Trazom24 2 years ago
I think, after FED announcement that they will keep interest rate, everybody just start prepares for bad job report on Friday. They sad real estate has improved so I bought SRS at 9.82 and I close all my longs
lilidk6150 2 years ago
VV:
Do you think it's too late to buy Silver Bars?
karenbcz22 2 years ago
Yes,the base belongs to the NSA.
1969socrates 2 years ago
I buy and hold too.
I have 2 fantastic miningstocks in portfolio.
Good luck with investing.
1969socrates 2 years ago
According to doug Casey,It is Argentina.
Good luck with your progold youtubesite.
1969socrates 2 years ago
But we took over a country with one of the worlds richest oil reserves, we should be living like saudi shieks..wheres the oil money????
gymer15 2 years ago
Everyone keeps mentioning Madoff's $65 billion ponzi scheme - the largest ever.
Excuse me? What do you call a monetary system where the money doesn't exist in the system to pay off the created interest? Try a $100 trillion ponzi scheme, more than 1,000 times larger than Bernie.
Thanks Washington and thanks Federal Reserve.
Trazom24 2 years ago
If FED will mention tomorrow about inflation. $ Will go up market and gold will go down, hope so. Very little
lilidk6150 2 years ago
USAToday 11/3/09
Foreclosures on the rise in 2009
Increased 22.5% in 3/qtr 2009 vs. 3/qtr 2008
USA 937,000
California 250,000
Foreclosures are continuing at a rapid-fire pace that may accelerate in 2010, driven by rising unemployment and more adjustable-rate loans resetting to higher monthly payments.
"We'd hoped this year would be the peak as far as foreclosures, but we've since concluded it will not be," says RealtyTrac's Rick Sharga. "We should see a peak in foreclosures at the end of 2010."
dirostudios 2 years ago
thx for the info
visionvictory 2 years ago
India buying that much gold with USD is not something to ignore. Have they ever made a move that big before for PM with USD?
ChromeClapper 2 years ago
I would not be surprised to see an uptick in the market if unemployment breaches 10%. Why? Because shedding employees means decreased costs resulting in better margins and maybe profitability. Most of the companies that have posted profits have done so by reducing costs even though sales are still falling.
pepeledog 2 years ago
Maybe when unemployment was around 5%, but now its all about the economy.
visionvictory 2 years ago
You could be right, but at what cost? The divorce between Wall St. and Main St. couldn't be clearer.
One of the major problems I see that has developed from our economy over the last 30 years is that if the money continues to flow toward the top, then who's left to buy the goods and services?
Trazom24 2 years ago
Vision, when do you see the $500 Trillion deriviatives bubble bursting? They can hide it for only so long like Madoff.
jcattera 2 years ago
I thought that's what caused the crisis to begin with, that when house prices went down, everybody's derivatives went to shit. Hahaha.
AndresInChristus 2 years ago
Yeah Mel Watt is a piece of shit!
fatmoleman 2 years ago
Every time they take money away from the market through taxation, they destroy a job in the market. They absolutely CANNOT create a job through taxation. It cannot be done. They count the GOVERNMENT jobs that they create but they ignore the job that they destroyed. Obama hasn't created a single job because of this. All that they can do is create more GOVERNMENT jobs......that's it.
MrsSarb 2 years ago 4
We will look forward to hearing your great news soon then!
Really appreciate you and the excellent info your providing Daniel, many thanks.
dapuma71 2 years ago
thx for the support
visionvictory 2 years ago
you can count on the daytraders jumping on Cit when it gets listed on the Otcbb or Pinks. It happens every time, a company goes BK, it gets relisted under a different ticker symbol( it will have a Q at the end of the symbol), first couple of days it tanks then it makes a breathttaking run. i'll be keeping my eye on Cit when it starts trading again.
jvforever72 2 years ago
market is down dollar is up and gold making new all time high record
drinkinwithbob 2 years ago
Just been reading the financial times in the UK.
Your prediction about Gold is coming true. India Central Bank have bought 200 tonnes of the precious mental swapping dollars for bullion at a cost of $6.7 billion.
It's happening guys the dollar is collapsing, We all new that the stimulus programme would devalue the dollar. The same is happening in the UK with the Quantitative easing, and guess what they are extending it in the UK. I cannot believe how irresponsible our Governments can be.
hotcloud 2 years ago 2
I am out of my league concerning the economy (i'm a small fish), but I think you're a cool guy, and I like your videos. Keep going.
peterpez 2 years ago
wonder if you ever considered doing something full or part time on the radio? I know you've done smaller raido stuff on the side, but i enjoy listening while I do my work. I think you'd be great for it.
ev8585 2 years ago
wooo thank god the recessions over
vince6363 2 years ago
You must've read my mind.
lostinthemix 2 years ago
I agree only with last 2 sentence .Buy and hold doesnt work any more. Fundamentals only depend on government decision. Plunger team destroying capitalism
lilidk6150 2 years ago
I thought it wouldn't hurt to buy and hold precious metals provided that you get the metals at a good deal.
chiyerano 2 years ago
Gold has been in the run since 2000, check gold price for last 30 years. It fluctuates a lot. Buy at lows, sell at highs. Yesterday Tom O'Brien mention gold will go to 1114. I have FRG gold and PASS- silver stocks. Dont buy fiscal metals, think how you going to sell them
lilidk6150 2 years ago
I know how gold fluctuates. This is true of just about everything in the market. I am not really bothering with stocks right now, as I am mainly concerned about the long term value of my savings at this time. Plus, I plan to use these metals for other things besides selling them for money, jewelry, and forms of payment.
chiyerano 2 years ago
lol. I can hear the pitier-patter of footsteps rushing toward the valued metals purchase kiosk, again.
jibbi4one 2 years ago
havent been on the net for a few days just relocated to Costa rica.... too much for me to handle in the states.....
neanam 2 years ago
I only start learning about charts. If you take GLD A was 66 B was 98 C was 93. It is going for D 125; witch mean gold will go to 1250
lilidk6150 2 years ago
Check out gold mining companies going today. Gold will go to 1200.
lilidk6150 2 years ago
Guess who gutted the audit the Fed bill? A dummycrat, Rep Mel Watt, D-N.C. Where did he get his campaign money? The banking industry of course. Why can't we learn what the Fed does with our money. And oh, per Rasmussen more Americans strongly disapprove of Obama than strongly approve of him.
naggold 2 years ago
great info. i always enjoy your info man. keep it up.
THEMONEYWEBSITE 2 years ago
watch?v=bSDKg9RFCMU
emmanueljx 2 years ago
Last Friday US Authorities Seized 9 FAILED BANKS, the most in a single day since the financial crisis begin.
The move brought the total number of failed banks in 2009 to 115
Buuuuut the recession is over.
SATANSbankers 2 years ago 4
Tis is all from 1999 when Republican bank puppet Gramm put through the bank modernazatio9n act. Obama has nothing to do with it. it's all George Bush, better yet two different kinds of house loans Option A's and Option Arms are coming due the summer of 2010 and these were all WRITTEN DURING BUSH'S REIGN OF TERROR ! Ob ama has nothing to do with it. Blame yourself.
darliegoddess 2 years ago
I guess you forgot that the people(Summers and Geithner)that were behind all the crap that caused our mess is NOW WORKING FOR OBAMA!!If you hired a contractor to fix your roof and 2 years down the road it starts leaking would you tell your friends to call this company when they need work done?
mcap52 2 years ago 3
If you want to know the truth behind all this smoke and mirrors you should watch a documentary called,
"The Power of Nightmares"
Available on Google video or torrent.
CivilRadiant 2 years ago
jemcc87 2 years ago
watch - What Caused the Stock Market Collapse Sept-Oct 2008:
v=w-zmNJqP9Fs (very short - 0:2:23)
watch - WAMUed Nation
v=NxGBwExQDdU
Writious 2 years ago
They gave money to teachers, who will be able to tell their students that all their jobs have been out sourced to China.
KamikazeKoscki 2 years ago
Obama is a Cheerleader
lilidk6150 2 years ago
Very strong, good message. Everybody scare of job report and it is probably going to be more than 10% and I think Monday market will restart going up. Lots off people waiting for pull back to enter market
lilidk6150 2 years ago
I notice the barrel at $69 then now at $77 in a two week span but the price has not changed??? Still at $2.90 for regular in California??? Makes me wonder!!!
texture6 2 years ago
"makes you wonder" this is total munipulation of the markets! why do you think we went to Iraq? i assure you it is a lot more then suddom hussain or supposed terrorists! hell, in america we are all treated like terrorists in the name of finding terrorists. if this is a free country, what part is free?
1pigslayer 2 years ago
your audio levels are a lot better but not perfect on my end. close tho.
reallly enjoying your show my friend,
thanks
rutherfordbhave138 2 years ago
Yep, we're definitely on the downward spiral as you've been talking about. Good points made here. Keep up the good work.
lindabebe835 2 years ago
IMF Sells 200 Metric Ton Gold to India, First Sale in Nine Years ..for coming New Monetary Standard??
roopitbhu 2 years ago
i do not understand why people are afraid of the collapse, i say "bring it" the economy is slavery!
1pigslayer 2 years ago
I agree. I "owe" BB&T $88.00 because I deposited it on Saturday morning, and it showed up in my account Tuesday morning AFTER my insurance, and other stuff had debited out. They charged me overdraft charges because my full check didn't post until two "business" days. Did I forget to mention that $100.00 somehow showed in my account as a credit that Saturday? More banking theft.
psxwarrior 2 years ago
dude stop hating on fucking obama...im not too fond of him either but this shit isnt his fucking fault, he did the only thing he could and bought a little bit of time...
the bottom line is that THESE CORPORATIONS MUST FALL, they created these problems, they were saved and made no significant changes....can't go around preaching capitalism and then come up with an excuse to keep bailing out the fat fucks running these big businesses
bdazzzle 2 years ago
Obama supports the current system. Look at his actions.
visionvictory 2 years ago
Idk about that man, these businesses (mostly banks and health insurance companies) and running rampant at the moment grabbing whatever they can before Obama's plans start going thru. My girlfriend and her fam were paying 4500/yr for their healthcare last year, this year they're paying $7200, and nothing has changed with their well-being. We the people are getting fucked in the ass. Looks like these guys trying to grab what they can while they can. I got faith in this dude Obama
bdazzzle 2 years ago
Then your a fool. Having faith in a man is not what made America great. It was having faith in freedom and liberty ie. WE THE PEOPLE. WE made the country great and are now tearing it apart trying to use our government to mug our neighbor for us. It is wrong and it will not work. It will leave us all poor and dependent like everywhere else in the world where it has been done.
myeyepie 2 years ago 3
I like what your saying, but it really wont. What made this country great is small government, and capitalism. Both of those are out the window now. Healthcare with a public option will level the playing field by keeping the cocksucking scumbags in check. Thats what it is....id rather give a little to my neighbors than know that their getting fucking assraped by somebody else, anyway.
bdazzzle 2 years ago
God help us. If you actually believe your doing a good thing by handing an assault rifle to the biggest bully on the playground the frigging government. Do you seriously think that once government gets that kind of power they wont ever turn the gun on you. You can bet your life they will turn it on you with no hesitation and you wont be able to do a darn thing about it. But you will have created that monster by centralizing power. What you propose is to give the gov power to steal for you:(
myeyepie 2 years ago
its all around unfair to judge obama based on the economy, the dude has got to do whatever he can to clean up a disgusting fucking mess....however, im gunna make a real judgement on him on foreign policy, where a mess was left for him, as well, but he can take a more immediate and free action there, you know what Im saying?
bdazzzle 2 years ago
actually if you are not part of the solution you are part of the problem!
1pigslayer 2 years ago
I just cleaned all of my solutions this past weekend after sighting them in.
LiberalHuntingSeason 2 years ago 2
wtf is this
theWTFisthisguy 2 years ago
lol
visionvictory 2 years ago
Danny,
Watch China carefully. I told you everything that will come to light, and soon it will come to light in China.
Peace and love brother
mitchee009 2 years ago
If you want to a little heads up check out you tube Who let the silver bulls out. Yesterday I was with some Chinese friends who are on visas here and they didn't know about china lifting the ban on buying silver and gold they were like freeking out. China says they will not honor there Trillions of dollars of Derivatives Goldman Sachs tricked them into shorting they are going to sell the silver and gold at cost to there citizens. Good By Dollar!
golfprobro4eagles 2 years ago
I was up in Pasadena Ca. today - more buildings up for lease.
RealEstate prices were way out of line here, and because of that (like other overpriced areas) the fall will be even worse.
There is a heavy Asian population in Pasadena, but even their money won't mean a hill of beans when the real hammer comes down.
theroilsoil 2 years ago
This has been flagged as spam show
hey im single and 19 contact me on my youtube profile to hook up
mariamakenzie287 2 years ago
put your money in canned food and shotguns, talk to your food stores about making allowances for dealing in silver and gold with the understanding that the metal stays in commerce and never ever see's any banks because if it does it will vanaish forever
jhunted7667 2 years ago
Get silver, ammo, food and last but not least a horse and buggy cause no gas soon.
lostinthemix 2 years ago
Mean while here in Australia - home prices are soaring like there is no tomorrow -
when will the housing bubble in Australia burst?
Prices are beyond a joke.
dojufitz 2 years ago
This is what happens when the middle class doesn't have jobs or money .Fuck everyone that thought they could destroy the middle class and everything would just work out peachy .
Deepstarr7020 2 years ago
You're the best... you've put out some really great shit. I've been watching your stuff for months now, but I never told you how much I respected you for giving those seminars for free. I only wish they were on the east coast so maybe I could catch one.
Keepitup!
dwfierce 2 years ago
thanks! you helped my common sense immensely!
sfmain 2 years ago
i would invest in some other foreign currency before i would invest a penny in gold.
gold fluctuates to much it's always up and down up and down.
MrUrbanExplorer 2 years ago
Why? Gold is the most important currency in the world. Look at what Central Banks are hoarding.
visionvictory 2 years ago
10yrs ago gold was around $225, whats it at now?, OK thank you.
lostinthemix 2 years ago 2
i dont really know actually the last time i checked it 2 weeks ago it was on its way down so like i said it fluctuates so much its hard to say where it is now and where it is going to be and if it will stay there.
MrUrbanExplorer 2 years ago
You're a bright one.....
lostinthemix 2 years ago
lol no need to get defensive.
you go ahead and invest in your gold, it holds its value but it still goes up and down. to bad its not liquid so its purchasing power is equivalent to a steaming dog turd....
MrUrbanExplorer 2 years ago
Just about everything goes up and down. The only thing that stays constant in markets and the world even, is change. I see gold as a good place to maintain the value of one's savings at the very least. As for liquidity, I find bullion to be considerably more liquid than land or buildings.
chiyerano 2 years ago
It doesn't fluctuate THAT much. Compared to some currencies, it's actually pretty stable by comparison. Silver may be a bit more volatile but there is increasing demand for it and you can use it for things (not just coins and silverware). You just have to focus on getting the best deal for the metals.
chiyerano 2 years ago
Find the best deal and think long term. Little use trading with it constantly in the short term.
chiyerano 2 years ago
A lot of big banks are running low on capital amid rising loan losses. The next lock up in the credit markets is coming very soon.
Keep an eye on Citigroup.
2hard21 2 years ago
Hi Daniel, thought you'd like to know CNN Money has another article on the "downside of debit cards". Thought you'd like to know.
Trazom24 2 years ago
send me the link in a PM if you have time.
visionvictory 2 years ago
thankyou daniel, back burner news, mot, celente,schiff, truth tellers all. I love you guys. Oh and thanks for the sacrifice, I know, I try to preach what you teach.....
huskerbird1 2 years ago
Yes, reality is coming. Thank you Daniel.
EVCarolina 2 years ago
This has been flagged as spam show
good job buddy
GreenrushCapital 2 years ago
hey bassmasters lunar calendar guide said today would be "good" so screw this, not much i can do etc..there's my green shoot!
Isawanangel1X 2 years ago
Hey Daniel,
Thanks for posting. Baby yet? or a few weeks to go?
MrsMaxton 2 years ago
No baby yet, any day though.
visionvictory 2 years ago
Is the baby here yet Daniel?
dapuma71 2 years ago
not yet, but the due date is Nov 6th, so it could happen any day now.
visionvictory 2 years ago
I think it's disturbing that the majority of Americans lack the interest to delve into the mechanics of our economy. Most people know nothing more than the 'market was up today, or the market was down today'.
Sad.
ObamaEqualsStupid 2 years ago 2
Im not even allowed to comment on YouTube anymore. I doubt this post will show up.
CASTILLOM1 2 years ago
it showed:)
visionvictory 2 years ago
Ford is driving the market today with their cash for clunker profits. Markets froths at mouth over it but doesn't look beyond the numbers. It should be way down on CIT news but it is not reflecting correct sentiment. My advice? pay no attention to the short term gains/losses. This baby is on auto-pilot and no one is looking at the heads up display (which shows a mountainside dead ahead).
sltb4u 2 years ago
It is 7:10 am Mon ... CIT Bankruptcy and the DOW up 144 points. Can someone explain to me why the DOW is UP on this
news??? I am utterly confused.
PrepNow 2 years ago 2
The market doesn't trade on news. It trades on perception/interpretation of the news. Some still see green shoots. So they buy.
rctube1958 2 years ago
manipulation?? cant see it risin on fri if jobs are down again
marcusguernsey 2 years ago
I've also no idea what is going on today on the markets.
Do I miss some news that would indicate a DOW/S&P500 rise?
MrZ421 2 years ago
Okay, it seems that it just takes a little more time! :)
I'm really interested what the "this-weeks-everything-is-fine-news" will be. Last week after Capmark/GMAC bankcrupcy many Indexes got hit quite hard. But on Oct. 29th there was the "everything-is-okay-let's-have-a-party" message of 3.5% GDP growth in US for Q3.
This joker is not anymore there for this week, and I strongly assume that the unemploment numbers will not have a 3.5% decrease. ;)
MrZ421 2 years ago
The only thing I can think of is massive influx of funds from market manipulators like, well, our gubbmint.
redmolotail 2 years ago
People are immune to bank failure neg. news. They have seen so much about CIT its just "same ole thing". Its like the market already had that failure accounted for in their heads. Market up on Ford sales due to CashforClunkers. And home sales pending in October from first time homebuyer stimuls. There are alot more people buying stocks and believing the propaganda. Stick with your guns, its a fairy tale with a bad ending.
SamuraiCommando 2 years ago
Well, It appears you were right about CIT; Its "all over the news". The taxpayer funds that bailed-them-out cannot be accounted for.
idontbakenocookies 2 years ago
Obama backs Corzine for NJ Gov - Corzine is x Goldman Sachs , some surprise.
stuartambient 2 years ago
thanks daniel for the info I believe in you not fox news theres a lot of bullshit out here and a lot of gamin asses lol
johnny9148 2 years ago
Thank you for the support
visionvictory 2 years ago
The Kenyan illegal immigrant and his anti-Constitutionalist lackeys in D.C. will rally the liberal press into another B.S. fest, as the country disintegrates.
thirdcoastguy 2 years ago
thirdcoastguy...
you are right on the nail head...
His little house of cards however is about to crumble.
behearsoon 2 years ago
Obama forgot to mention those were government jobs he created. Probably czars and their staffs.
bertly71 2 years ago
Good point, thx
visionvictory 2 years ago
Shanghai stock exchange was up 2.70% today. Looks like we are seeing a new trend in China.
freedomfighterone 2 years ago
I've noticed since Nov 2008 China has been a lot more independent when it comes to stock exchanges.
thx for comments
visionvictory 2 years ago
FTSE 5074.14 Up-29.59 Up-0.59
Not exactly on the ball.
NuggetsOfTruths 2 years ago
Gold is up 16+ and the Dow Futures are up 56.
havoctrend 2 years ago
This is bad! The video is good, but it's very bad news.
slobomotion 2 years ago 4
This is good new for those who orchestrate it.
Anothercoilgun 2 years ago
On October 30, there was a fascinating post on the 'net, a transcript of the comments of a "Mr. Blue" on a radio show in Cleveland, Ohio. The Mike Trivissano show, WTAM 1100, has a page you can access. All the answers are there. Nearly all.
slobomotion 2 years ago
I have been question how the US will repay China the dept. Sell Chine our nukes. Not just the technology, the nukes in bulk. The rest of the WTAM interview is already known to me. Thanks.
Anothercoilgun 2 years ago
Yes, I heard about this when I lived in New York. I left there in 1994, so this must have been up and running for a long time. I was speaking to someone overseas, and a well-placed person warned me, everything was being listened to and to watch the words I used (I was speaking in bad French).
slobomotion 2 years ago 2
LOL!!! @ 4:20
LMIMSsoi 2 years ago
'we' are not getting deeper and deeper in debt -> 'they' are getting deeper and deeper into debt
modelmark 2 years ago 2
Remember, they cut the checks, we pay the bills.
visionvictory 2 years ago
read a link today off urban survival vid 10-31-09; jim sinclair on the dollar from 8-14-09; giving 85 days to it's the dollars demise. that being in this weeks time frame. very interesting and speaks of the rock and the hard place, well here we are! vision or any of you economic adventurers check it out and what do you think???? post up, shoot. appreciate you all, kittenkattan has econ update today also.
watcher0777 2 years ago
Yes, KittenKattan's advice to sell up completely this past June doesn't seem so off the mark now. I thought then, hm, he's probably just a few months early.
slobomotion 2 years ago
HOW MANY TIMES? How many times have people fought for "our freedoms" when they truthfully, fought for a few peoples ECONOMIC INTEREST> AND NOW> NOW, the govt. can WIRETAP YOU, WITHOUT A WARRANT> What happened to the FUCKING FREEDOM?????
coultrane 2 years ago 4
patriot act.
thedelta88 2 years ago
Thanks for the video
batman233 2 years ago 2
Love your name batman
shouldlistentoronpau 2 years ago
VISION! You made me laugh!
4casme 2 years ago
409 ratings and 320 views, wow Daniel your good
shouldlistentoronpau 2 years ago
the views stop at 300 + or - while it loads on multiple servers and then the views catch up.
d3adp001 2 years ago
I have watched just about every one of your videos, along with Schiff, faber, keiser, Ron, and a few others. Mostly everything I agree with but I would like to possibly learn from your experience of real estate investing. As of yet I have been acquiring precious metals mostly silver to take advantage when the right time comes. Perhaps we can chat som time. Thanks matthew
shouldlistentoronpau 2 years ago
If we are going to have a marketcrash anyway
then real state is the biggest risk.
tip;just wait for more inflation coming.
1969socrates 2 years ago
lol :)
visionvictory 2 years ago
I hope your are wrong about the timing because each day the system lasts is one more day I get to prepare.
davincij15 2 years ago 7
I'm with you, I want to buy as much silver as possible. Silver in the teens :)
visionvictory 2 years ago
CIT bites the dust - I wonder if mainstream news will even cover the story. Thanks for the update Daniel.
doc7474 2 years ago
The "people" leading this country are FUCKING JACKALS. Let the revolution commence!
coultrane 2 years ago 5
"Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasnt immediately available for an interview."
If it looks like BS, Smells like BS,...... Well then it must be BS!!!
Dt0x75 2 years ago
Bible says never put your trust in money because money will sprout wings and fly away.
Pnkbong 2 years ago
That's horse manure! The Bible doesn't say that AT ALL. What Bible are you reading???
konakevin777 2 years ago
Prov 23:4-5 (NIV) Do not wear yourself out to get rich; have the wisdom to show restraint. Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle.
1 Timothy 617 Teach those who are rich in this world not to be proud and not to trust in their money, which is so unreliable.
Matthew 6 19 "Don't store up treasures here on earth, where moths eat them and rust destroys them, and where thieves break in and steal.
Pnkbong 2 years ago 2
Correct, but don't confuse trust with being prudent.
The Bible also says a wise man will leave an inheritance to his childrens children.
visionvictory 2 years ago
Daniel, do you think this is the beginning of another string of high profile bank failures? If so, I don't see how Wall Street could keep on trucking along.
psxwarrior 2 years ago
If Wells or BofA went it would be as big a Lehman.
I bring up wells fargo because of all the out of the money puts people have been buying in the past 3 weeks.
visionvictory 2 years ago
What about Citibank?? Sounds like they have 873 billion out of 1.2 trillion in outstanding credit card lines! And you as you know those credit cards are the last thing alot people pay now, if they pay at all!
margiemaae 2 years ago
TICK...TICK..TICK
Are there not laws regarding taking a loan (or in citi's position taking govt bailout funds) all of the while knowing that you are going to file for bankruptcy?
Isn't that against Federal law?
OH yeah law and tax only applys to the little people.....
Class dismissed.
ABETRMAN 2 years ago
word is out according to Bob Chapman and the International forecaster that the Fed is secretly transferring all the toxic assets to the Bank Of America and they will be going down by second quarter 2010 and this is why the CEO resigned just a while back
mike6459 2 years ago
Could be, BofA absorbed Countrywide. Buying up Countrywide would be like injecting yourself with a deadly virus.
visionvictory 2 years ago
I have to admit, I am completely obsessed with this whole financial implosion. It's like watching a chess game with several players. I know who the winners will be (Goldman Sacks & co) & the losers (us) but it's still intriguing to watch the moves. Tick, tick, tick- boom! Tick, tick, tick, Boom! It's kind of like in the movie the Matrix- you can walk among the unaware & observe.
livefree1789 2 years ago 2
It is the conclusion of an inevitibility. Woodrow Wilson knew it was when he signed the Federal Reserve Act. The coward probably feared for his life and the lives of his family if he didn't sign, but the end result is what we are seeing now.
jailarson 2 years ago 3
I think most people here could understand being "Obsessed". Unfortunately, it isn't a FAIR game, is it?
margiemaae 2 years ago
Hmm, I wonder when?
Montagraph 2 years ago