Yes, I agree its just a bunch of B.S. Also Bloomberg was already saying on Sunday, yesterday, that consumer confidence was "probably" positive. How did they know? You know all we have to do is drive/ride/walk around your city/town and observe. Then ask "Has anything actually changed since the financial crisis started"? Good analysis keep it coming.
We are back in pre WW2 Germany and the propoganda machine is in high gear. The consumer sentiment report was a complete fabrication. Almost all the headline business news over the past few weeks has been very postive. According to the MSM and US government all is well even though all indicators show were are worse off than last fall.
The Zimbabwe, Peter Schiff argument is getting so played out Derrick.
We all know that the US stock market is in the shitter. However, you need to use your head and realize that "hyperinflation" is not a possibility in the country. Fed policy of increasing interest rates under Volcker, 100's of trillions of off book derivatives, the reverse multiplier effect... the list goes on...
I'm sorry, but the US is not an African 3rd world country or a German republic 100 years ago. These comparisons are misleading at best.
In 20+ years, anyone could be right. However, there are many more facets to what is going on right now in the US's money and banking system. The rest of the world has no choice but to support the US and the dollar. I'm sorry but this is the Truth.
Whole hearted belief in 'hyperinflation' and 2012 is foolish. Take a step back and play devils advocate.
And at the same time, we borrow $0.45 for every dollar we spend.
By 2037 (and creeping at a faster rate), Medicare and SS costs will be 100% of all the US budget.
It's a matter of time before another nation says "to hell with the US."
Our days are numbered. The US Empire will fall... most likely from within. When? Who cares about the date? I don't really because I respect, but don't trust, anyone's predictions because they are educated guesses at best.
Aren't you forgetting the as yet unknown extent of losses in the derivatives markets otherwise known as toxic assets. ? With a GDP comprising of 70% consumerism and 20% military spending which equates to fat people with three tv's ,two cars with debt that cannot be serviced and much hated projection of military power across the globe, I can't say the situation appears sustainable.
to me those are stocks, and there are many more to own along the way also. FAZ (3x financ) is like DGP (double gold) and that is a play i think is a good one.
I also like options for hedging, shorting and even a small amount for hyper inflation on stocks. Options on gold suck that I refuse to buy options on gold
I had a lot of trouble finding your video this time. I usually search economic collapse and get yours and vision victory's latest video but not lately.. Had to go to your channel to find most updated. Weird.
I have learned that nothing surprises me anymore and all I can say is it wouldn't surprise me if it happened. i have open mind to anything now and I know that hyper inflation can do this.
If it costs $10.00 for a happy meal at mcdonalds then their stock price will go higher because of it.
Then as an investor, to attempt to preserve capital buy tangible assets. Gold / Silver, real estate ? Lack of understanding of the liqidity of markets trouble me.
You are so level headed, clear thinking and obviously unafraid to call it like it is brother. Keep up the good work. I like your no nonsense approach and use of analogies.
I don't care how much people are spending I only care about how much they are earning! Earnings went down spending went up...more lies to feed the sheep.
many people still think everything will be ok so they are not cutting spending that much. i also think some people spend to block their sad/unhappy emotions.
I have been a controller since 1991, so I feel that what I might have to say has some credability. The resort that I work for has been hanging by a thread for over a year now. During the summer is when we make our most money (fishing season is better than our skiing season).
After June 15th we have lots of vancancies. That has never happen to us since opening in 1999. My company is counting on the summer revenue so we can stay open for winter of 10. Looks like thats not going to happen.
isn't a casino a scam to begin with anyway? The only difference is that ceasers palace will at least say they are a casino and that most people will be losers.
just rhetoric. people are scared so they are saving more while they're saving retailers are giving deep discounts so people are seeing good deals and can buy outright not use the plastic.
I like your version better, the number was low to begin with, but who cares when we live in socialism nation, the gov't can lie cheat and make up whatever they want as long as the wheels dont fall off the truck.
The unemployment rate in SC is 11.5% as of April and climbing. Not much consumer confidence where I live. Food prices are at least double what they were a year ago. My grocery bill for a family of 4 has went through the roof.
It still is strange that consumer confidence would be up, because if people areally are hurting from this depression then regardless of media telling them the market is doing well they shouldnt beable to spend anyway because they are broke, but they obviously arent even close to broke yet as expressed today.
Exactly! The mainstream media has been calling a bottom in the market for weeks. How on earth could they project consumer confidence to roughly the same level as last month?
By the way, home sales are going to rise dramatically this month and they are going to make it seem totally unexepected once again. They are going to call a bottom in housing even though we are far from it. We are being set up for a huge market crash at some point.
We are living in strange times.
wellingtonsc75 2 years ago
Endless,
When the Govt is trying to create an ILLUSION, through the use of a survey.
And they know BEFORE they even start doing the survey, what type of ILLUSION they want to create.
There is 'NO NEED' to ask too many people.
The MAJORITY will believe the survey anyway.
'DAFFY DUCK' is more clued up than the MAJORITY of people.
A description of the MAJORITY is,
Read SHIT, watch SHIT, think SHIT, drink BEER, watch PORN, MOAN AND COMPLAIN ABOUT THEIR LIFE (but do NOTHING).
NowisEvollovetion 2 years ago
keep reporting,try to stay sane , constant filtering of mainstream media can make you question reality!, mass deception from humans?
liaq954044 2 years ago
if i had a government/state/public job i would really be wondering where my paycheck is actually coming from.
bnash2002 2 years ago
And will the paycheck continue? I think not. All will disappear.
martialarm 2 years ago
Yes, I agree its just a bunch of B.S. Also Bloomberg was already saying on Sunday, yesterday, that consumer confidence was "probably" positive. How did they know? You know all we have to do is drive/ride/walk around your city/town and observe. Then ask "Has anything actually changed since the financial crisis started"? Good analysis keep it coming.
NoGoldenGoose 2 years ago
We are back in pre WW2 Germany and the propoganda machine is in high gear. The consumer sentiment report was a complete fabrication. Almost all the headline business news over the past few weeks has been very postive. According to the MSM and US government all is well even though all indicators show were are worse off than last fall.
taineasy 2 years ago
The Zimbabwe, Peter Schiff argument is getting so played out Derrick.
We all know that the US stock market is in the shitter. However, you need to use your head and realize that "hyperinflation" is not a possibility in the country. Fed policy of increasing interest rates under Volcker, 100's of trillions of off book derivatives, the reverse multiplier effect... the list goes on...
Astrocreep69 2 years ago
The assumption I am using is hyperinflation is very possible as a manifestation from the dollar collapse.
I live my life knowing the dollar collapse will happen and what manifestations can happen from this has many variants to it.
Will people stop accepting this money? What will be the end results from many street riots.
What will be the result of asset hoarding?
These are questions I try answering every now and again. And excess money does = inflation in my books.
endlessmountain 2 years ago
I'm sorry, but the US is not an African 3rd world country or a German republic 100 years ago. These comparisons are misleading at best.
In 20+ years, anyone could be right. However, there are many more facets to what is going on right now in the US's money and banking system. The rest of the world has no choice but to support the US and the dollar. I'm sorry but this is the Truth.
Whole hearted belief in 'hyperinflation' and 2012 is foolish. Take a step back and play devils advocate.
Astrocreep69 2 years ago
And at the same time, we borrow $0.45 for every dollar we spend.
By 2037 (and creeping at a faster rate), Medicare and SS costs will be 100% of all the US budget.
It's a matter of time before another nation says "to hell with the US."
Our days are numbered. The US Empire will fall... most likely from within. When? Who cares about the date? I don't really because I respect, but don't trust, anyone's predictions because they are educated guesses at best.
cowboycarl04 2 years ago
Aren't you forgetting the as yet unknown extent of losses in the derivatives markets otherwise known as toxic assets. ? With a GDP comprising of 70% consumerism and 20% military spending which equates to fat people with three tv's ,two cars with debt that cannot be serviced and much hated projection of military power across the globe, I can't say the situation appears sustainable.
DavidAKZ 2 years ago
No, If you read my posts I mention the estimated 580 Trillion off book derivatives.
Yes, your right it is unsustainable, I never said it was.
I'm just trying to help you guys realize that this nation/economy will be brought to its knees by deflation and higher interest rates.
'Hyperinflation' is not in the cards.
Astrocreep69 2 years ago
SO in my opinion, the only things to own are TBT UDN GLD SLV and no stocks
OpenMind00 2 years ago
to me those are stocks, and there are many more to own along the way also. FAZ (3x financ) is like DGP (double gold) and that is a play i think is a good one.
I also like options for hedging, shorting and even a small amount for hyper inflation on stocks. Options on gold suck that I refuse to buy options on gold
endlessmountain 2 years ago
I think its because I bought an ipod last month..lol Wallstreet is like a rabbit imo
markapsolon 2 years ago
I had a lot of trouble finding your video this time. I usually search economic collapse and get yours and vision victory's latest video but not lately.. Had to go to your channel to find most updated. Weird.
highps3v3 2 years ago
So its difficult to short then if you can get smashed with +10,000 in DJX
OpenMind00 2 years ago
i dont believe in shorting.
Only long ETFs that are inverse funds like FAZ and DXD and options using PUTS
Thats it!
endlessmountain 2 years ago
I agree, I would only do DXD SDS etc. But Still
If DJX can explode to the upside due to Hyper inflation a DXD buy at say 49 can turn into $18 in seconds?
OpenMind00 2 years ago
What is DJX thanks ?
DavidAKZ 2 years ago
The best headline is.
GM BK will release the brake on stocks.
"Its Priced in" LMAO. The brakes? we just ran 40%! Its just a laugh.
OpenMind00 2 years ago
Do you honestly think that the Stock market is going to 20,000 30,000 100,000?
OpenMind00 2 years ago
I have learned that nothing surprises me anymore and all I can say is it wouldn't surprise me if it happened. i have open mind to anything now and I know that hyper inflation can do this.
If it costs $10.00 for a happy meal at mcdonalds then their stock price will go higher because of it.
endlessmountain 2 years ago
Then as an investor, to attempt to preserve capital buy tangible assets. Gold / Silver, real estate ? Lack of understanding of the liqidity of markets trouble me.
DavidAKZ 2 years ago
You are so level headed, clear thinking and obviously unafraid to call it like it is brother. Keep up the good work. I like your no nonsense approach and use of analogies.
thank you
dwfierce 2 years ago 7
thank you very much for those kind words :)
endlessmountain 2 years ago
I don't care how much people are spending I only care about how much they are earning! Earnings went down spending went up...more lies to feed the sheep.
SamuraiCommando 2 years ago
many people still think everything will be ok so they are not cutting spending that much. i also think some people spend to block their sad/unhappy emotions.
bnash2002 2 years ago
Something weird going on. I bet Bob Chapman knows!
Let's all listen to him and find out
ardizd 2 years ago
Who is confident? Not me. My little resort town in Calif. IS going to be the next Ghost Town!!
Learkins 2 years ago
depopulation sadly :( scary..
mastershakelock 2 years ago
care to expand ?
DavidAKZ 2 years ago
I have been a controller since 1991, so I feel that what I might have to say has some credability. The resort that I work for has been hanging by a thread for over a year now. During the summer is when we make our most money (fishing season is better than our skiing season).
After June 15th we have lots of vancancies. That has never happen to us since opening in 1999. My company is counting on the summer revenue so we can stay open for winter of 10. Looks like thats not going to happen.
Learkins 2 years ago
What is happening now is scarier than we can imagine. All is manipulated and the media is forced to tell constant lies.
It's not a casino.....it's a scam!
What's the end game to it? That's what I want to know. Why do "they" want this to happen? Why do they want to destroy their own currency?
marcopiero 2 years ago
isn't a casino a scam to begin with anyway? The only difference is that ceasers palace will at least say they are a casino and that most people will be losers.
endlessmountain 2 years ago
Very good points! Thank you!
POSSUMTOHIDE 2 years ago
just rhetoric. people are scared so they are saving more while they're saving retailers are giving deep discounts so people are seeing good deals and can buy outright not use the plastic.
I like your version better, the number was low to begin with, but who cares when we live in socialism nation, the gov't can lie cheat and make up whatever they want as long as the wheels dont fall off the truck.
limitedplay 2 years ago
California unemployment close 20% every 3 house empty or in forclosure. State bankrupt, yea confidence is goooood???
redline1189 2 years ago
i was wondering if they surveyed less californians or particular ones because of this.
endlessmountain 2 years ago
The unemployment rate in SC is 11.5% as of April and climbing. Not much consumer confidence where I live. Food prices are at least double what they were a year ago. My grocery bill for a family of 4 has went through the roof.
Stargirl70 2 years ago
Govt-lies,lies,lies-hello
meikagirl 2 years ago
It still is strange that consumer confidence would be up, because if people areally are hurting from this depression then regardless of media telling them the market is doing well they shouldnt beable to spend anyway because they are broke, but they obviously arent even close to broke yet as expressed today.
Danster82 2 years ago
Exactly! The mainstream media has been calling a bottom in the market for weeks. How on earth could they project consumer confidence to roughly the same level as last month?
By the way, home sales are going to rise dramatically this month and they are going to make it seem totally unexepected once again. They are going to call a bottom in housing even though we are far from it. We are being set up for a huge market crash at some point.
RedFishEye 2 years ago 3
Very good Derek
deelean 2 years ago
Word up, Derek. Keep preachin' it.
edro9494 2 years ago