You are quite right, the American consumer as we know it is going the way of the dodo?? The evidence, ghost malls all over the country. The rest of the world though is not suffering like middle America. In fact, countries that used to have hard times are now doing well.
It is now 6 months later stock market breaking new ground housing starting to rebound auto sales going up banks lending money at very low interests. Printing up trillions for the bankers is great we get to pay this off twice once in taxes and again when the banks loan us the money the government taxed us for.
There will be no major changes other than bankers getting rewarded for losses.
Since the idiot has been in office my 401k is losing big time. Even with the lesser idiot Bush it was'nt that much. Was at a place today and the owner asked twenty people if anyone voted for OBAMA about five dropped their heads and did'nt have the balls to admit they voted for the idiot.
Great insight, never ever put your money into any entity that is controlled by the government. You make the call, but that may very will mean 401k's and 403b's as well. Gerald Ford said that if government is big enough to give you everything you want, it's big enough to take away everything you have.
Europe is managing it far better because the people are not so much in depts like the americans. Europeans are more able to help themself. America changed into a country of softeggs, they can't do a thing on their own, the only thing they can is consuming, they live in big houses, drive big cars and even mutate into a big and fat population. Americans are just not able to stop living over their financial circumstances. Now america has a stratum of extreme poverty, very sad. The party is over!
Get a job buddy and help us work our way out of this problem. We'll be ok. Everyone will get a haircut, they won't like it but it's a good thing and in the end, we'll be ok.
I think that a lot more people would pay attention to what the world leaders are doing if it weren't so damned DEPRESSING! I have been following things and I get upset and sick of it all! I have to agree with George Carlin when he said that we create our leaders. Bullshit in, bullshit out! The average American doesn't care about much more than their standard of living. As long as things are going along without big bumps they really don't get involved.
There is only one industry we most definitely cannot let fail - condom manufacturers. Can you imagine life without rubbers? VD would be on a rampage and then we'd have to bailout the hospitals, although a person could make a killing on penecillin stocks.
Rock on America, rock on AND REMEMBER - ALWAYS with a condom!
Peace.
DON'T LET CONDOM COMPANIES FAIL!!! I encourage to support this initiative by bombarding Nancy Pelosi with your thoughts on the matter.
However, not yet. Perhaps not for another 5 - 10 years. China has well over $1 trillion in US dollar reserves. The Japanese have a similar figure. These countries cannot allow the dollar to crash, wiping out their reserves.
First, they must "diversify" away from the dollar into other currencies, such as the Euro. This will take time. Do it too quickly, and it will cause a stampede. The dollar is ultimately screwed - but not yet.
5-10 years? I'd say 3-5 years. They have already been getting rid of their dollar reserves either through sovereign wealth funds, forex to other currencies or just not buying anymore t-bills.
Thats true.......their is no cash that is flowing in the market it is all credit cards just listings upon listings on banks records but their is no cash actually that rotates...Majority of People on USA holds a credit cards and majority of home owners are on loan 10,15,30 yrs term.Majority of purchases are credit cards.
Italy is fool of debth and if US falls beside the stock marcket with the export largely depending on USA and the national debt, which stood at roughly 124% of GDP in 1995, declined steadily until about 2002, but is rising again because of slow growth Italy was called "the real sick man of Europe". Italy has no power,and Berlusconi is a fascist pig
Hey dacian yuo are a fucking romanian pussie why do you speak about italy ?
Romania is worse than us,full of debth ,corrupted and fucked by the italians wow the fucking world's asshole ,if italy will fall down you'll see a load of shit retard !
Year retard,your are gonna move in western europe where we are based on real economi and not false markets,consumism,and depth. Romania has 17% of the GDP THAT IS 2200 EURO ON CAPITA and Italy has 107%of the GDP and represents a sum of 1.596.762.000.000 Keep listening to BBC and other Zionist like the italian Mediaset chanels and you are gonna get it. STOP LIVIN IN A BUBBLE!
Aahah you fucking mongol you can't change the real world moron !
So now in your little fucking shitty brain rom-ania is passing Italy the 7th economic world power uhauhauahuahah so silly you are !
In rom-ania ther're 20.000 italian insustries we are the 79% of you whole pil you economy is mainly based on European founds and Italian,Germans and France money and industries and you need to come in italy to wash our latrines sending money to home.
Amen! Great to see you guys posting serious issues like this. Most of my friends think this is just another "business cycle". A part of me is sad to see so many dreams washed away - but the time of excess is coming to pass and out of the ashes of extravagance will come once again an age of savings & frugality.
USA sent $800 billion to china in Amero. to demonatize our dollar. the federal reserve will give you .02 cents on the dollar when the crap goes down. thanks to global trading. Thank you Mr. Bush ya F@#$. Go ahead and google 800 billion to china.
The way Earthquake affected people afraid of their cracked walls & roofs to be falling on them are sitting under the open sky in the chilled cold, similarly the US investors afraid of declining economy are not investing any more in the collapsed US financial crisis scared of their investments to distort in the suicide economy, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.
Consumers are using credit to maintain their lifestyles; because their jobs have been exported to the third world. The health of the emerging markets you mentioned, is being funded by the wealth of the American Middleclass. One only has to ask if it is the responsability of the American, and Western European Middleclass to produce consumer markets for Multinational Corperations.
The new Brent Wood will produce a new revised, global Fed. We will suffer hyperinflation in 09, no dought about it
Good video, you're right of course but really the breakdown of the world will come when oil is gone and they're to lazy to create new resources that are renewable. You watch, when oil goes the world will because only more-ons build a country dependent on non-renewables.
You are an alarmist dude !! I encourage people to go back and watch his other video submissions and write down his so called predictions from the past, and see how many of them he was correct on.
This guy is a chicken little. We obviously have problems, but my goodness, this guy blows it way out of proportion. Everything he is telling you is in the Financial sections in the large newspapers in the USA.
And he never talks about it, but the rest of the world is in the same boat of the USA.
LOL March 18th, the Dow was around 13,000 and I said it would be around 8,000 in late september to early october. What happened? I said no summer recover going against all the so called experts, what happened?
yes we are witnessing the last days of capitalism, its up to the common people around the world to replace it with something better otherwise the machiavellian elites around the world will have total domination.
And if anyone thinks the US could lose an economic war is dreaming. you guys cant shoot for shit but you got dollar printer!!!
yes i know your govt brainwashed you into thinking capitalism = good, socialism=evil, but in the rest of the world which felt the rough end of USA capitalism (aka globalisation) its not as clear cut.
you give total control of your life to corparations, work too much, not see your family, spend money on shit you dont need for a 5 min buzz, in the name of patriotism. rest of the world think it's crazy and don't like this culture. Maybe this is not pure capitalism (idk) but this is what USA shown
Um, I'm not sure where you get your information, but what they "brainwash" us with is not "capitalism". The government controls the money supply, manipulates interest rates, sets price and wage controls, and mandates ridiculous regulations at every corner. The government does "brainwash" consumers into believing that they must spend spend spend but this is the legacy of John Maynard Keynes who says spending is the way to grow an economy and savings hurts and economy.
Truly free market advocates believe that savings is where wealth is created and that interest rates must fluctuate naturally to reflect the desire to save (i.e. put off current consumption for the future) or consume. On the same page, government cannot create wealth unless it owns the means of production, and the government is notoriously inefficient at providing for the wants and demands of the market.
"Truly free market advocates believe that savings is where wealth is created and that interest rates must fluctuate naturally to reflect the desire to save (i.e. put off current consumption for the future) or consume."
Creation of wealth is a very delicate concept. Anyone should be careful when using it.
Savings can be the materialization of wealth being accumulated in human societies. Main issue with savings: they can lose value.
Saving only loses value under inflationary monetary systems when the interest rate return falls under the rate of the increase in prices. If prices rise 5% but your interest rate offsets that, you don't lose anything. If your interest rate is lower, yes indeed you do lose some of your savings value. This isn't a problem when the money supply is either constant or growing slower than the rest of the economy because prices will fall because the value of money will go up relative to other goods.
But you can't create wealth without investment. And you can't have investment without savings. Savings is absolutely necessary for the creation of wealth in an economy. Unless a government were to print all the money, but that would result in hyperinflation rather quickly as the amount of money but into the system would have to equal all the planned investment in the economy, which is an insane scenario to imagine.
Boot? As in how does the process start? Arguably it starts with barter. If a gatherer must exchange 100 berries for a pound of meat from a hunter, he must save up 100 berries if he wants a pound of meat. As society becomes more advanced, more people get introduced into the system, and various things being used become too large to exchange effectively, people will establish a medium of exchange. A medium of exchange (money) must have several characteristics: It must be hard to counterfeit (cont.)
Berries come from nature. They are in, economic terms, natural resources or "land capital". Ultimately the berries are wild, but over time as agriculture and the like develop, berries can be grown on some sort of farm. Obviously berries (or any fruit/vegetable for that matter) are just one example. The investment to collect the berries is only time and necessity. In the earliest days of man, the only important thing is to collect food. If enough food is collected, (cont.)
... other activities may be pursued. Perhaps the acquisition of resources that makes food gathering more convenient/efficient, for instance stone tools (later copper, bronze, iron, etc.). This in turn will lead to less and less time being devoted to the collection of the same amount of food and thus allotting more time to things such as constructing shelter and clothing (to name one of many things).
What are talking about? I don't care where berries come from as an economist. I know they're there and I know that in order to continue to have them, not all of them can be consumed. You don't need investment to "create" berries. Nature creates berries and fruits. You can insure that enough berries and fruits survive to continue collecting from them over time.
In the case of insuring you have enough seeds to produce for next year, the savings is not consuming everything at any one time (cont)
Nature ultimately provides the berries, and from there one can insure that berries continue to exist and grow, but without the process of nature, we can't use berries. You're trying to ask why 1+1=2. I can't prove that mathematically, only intuitively. 1+1=2 simply because when you put one thing with another thing, you now have two of them.
How can my patter apply of economics apply to a non-economic question? You're asking where the berries come from. I answered that. Natural science is irrelevant to the issue of economics. My point is investment creats wealth; new investment must come from savings. You have to save "things" and in this case, those "things" are berries. It makes no sense to apply the theory to how berries are created. That is a question for natural science. I don't understand why you're applying savings and
Well, I dont understand why I should not apply the pattern to it.
"you can't create wealth without investment. And you can't have investment without savings. Savings is absolutely necessary for the creation of wealth in an economy."
So the input is irrelevant to a system? Well, I am not surprised...
By the way, berries can be all collected without endangering the next crop.
I see where we got off pace. What I was referring to by "wealth creation" was man made wealth creation. A berry is wealth, just not made by man. The berry example was to show how savings and exchange originated. We were thinking slightly different things. I was assuming that you were assuming that wealth creation was man made. We don't create berries or any natural wealth so clearly we can't save and invest in it the same way we do with capital goods and the like. (cont.)
Since investment and savings are concepts relating to man made things, it was implied that the wealth that is created through investment and savings is man made.
What about it? It needs to be created from a mixture of natural ingredients. It is wealth that is consumed or sold for money or bartered for another good.
All wealth originates from nature. We don't create those resources obviously. We can only invest time into using those resources to create man made wealth (more complex foods, shelter, tools, vehicles, infrastructure, etc.)
... it must be durable; it must be scarce, that is common enough to be universally used, but not abundant enough to be rendered useless; and generally, it must look good. Historically gold and silver are the long term winners when established by the market (i.e. people's preferences). In order to buy more things on the market or invest in something that people will likely want, one must save, (cont.)
...whether this takes the form of money to purchase capital goods and employ labor etc. or actual goods that one saves up to either sell for money or exchange directly for other goods/services.
As Marc Faber wrote in his June 2008 Boom, Gloom and Doom ReportThe federal government is sending each of us a $US600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs.If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car itwillgotoGermanyIf we purchase useless crap it will go to Taiwan and none of it will help the American economy
Have no fear guys. Obama will save us, tax the hell out of those "evil" rich and give to the non working poor. Health care, college education, new house for all. Plus, no more wars, cancer, hurricanes, or toothaches. Obama was born in bethlehem and he was wrapped in swaddling cloths and lain in a manger. At least that is what the media tells us.
We borrow a trillion dollars a year. That money will have to be paid back by taxes plus the interest by you and all of your descendants in perpetuity because we can only pay the interest on the debt. Unless the budget gets balanced you have to tax someone who should it be? People alive today are people who aren't even born yet?
Are you tryin to diss Hamburger Helper? I mean the financial collapse is one thing but when you put down my main food staple...Uggh and I love that lil glove hand dude on the box, it makes me feel safe, please dont scare us. Bush and the Neocons love us, thats what grandma said, so there.
I've been hearing folks talk a lot about gold confiscation lately. Let's get real...which one of you plans on giving the govt. your hard earned gold? Remember...they are going to have their hands full just trying to keep very, VERY PISSED OFF people who are no longer recieving govt. assistance checks burning down a lot of our major cities. By the time they get around to demanding gold from us...well sorry...I've already traded it for food, gasoline, propane and meds. ;-)
People-please research the plans for a new world order (new currency, martial law and a loss of rights). This stuff isn't loony conspiracy stuff it's more real than you think.
The first video was from March of 2008. He predicted that the Dow would fall to around the 8000 point marker by September. He also said the S&P would see the 800's. He said all of this 6 months before it happened and even went as far as saying what the value of the Dow would be. Thats proof that he knows what he is talking about IMO. Its not every day you hear someone call something that dead on.
We should also note that his gold, silver, and oil predictions have not even been given the time frame he predicted. He said the dow would be around 8,000 in september, it would of been foolish to be upset with him in May when it was still at 13,000.
He said gold, oil, and silver would boom sometime after the crash of the stock market, it's still crashing.
So i don't see how he's wrong yet, he's always said that the commods were an end game play.
Focusing on the inevitability-- well here ar some others-1) In depression scenarios cash is king, so dollar will rise not drop.
2) Oil will demand has dropped fast. Change happens. Tech changes=hybrids,etc.Inevitably.
3) China and Japan will inevitably finance us with more money for us to shop shop again. Isn't a bad habit difficult to give up for all- Lenders and borrowers.
In economics fear and greed are inevitable cycles, we are in fear mode. No fancy technical mumbo jumbo analysis here.
$ will not rise it will drop leading to big time inflation.
Anybody dumb enough to continue financing this debt inflated bubble is stupid and will only lead to an even bigger disaster for BOTH debtor AND creditor. No point owning Trillions of Tbills if they ain't worth shit.
Only Iran and Venezuala want oil at $80++++. Saudi can live at $65 a barrel. Point is after this fiasco OPEC will be afraid to raise oil prices. Russia too will be very cautious, plus Saudi almost walked out of last OPEC becoz Hugo talks too much, neither do they like Iranians.
Do I need to remind you what happened in Argentina a few years ago? Cash was not king. People were trying to get their money out of the peso into other real assets. I saw it unfold on TV. Riots, Looting, Martial Law, Bank Holidays. A "first world" economy fell to its knees overnight. Currencies are very susceptable to harm.
Response to Pvasa20"China and Japan will inevitably finance us with more money for us to shop shop again"Japan yes,but China never.Their economy is in dire crisis,not as bad as their Political or social arenas,but the export bubble has burst and the CCP is collapsing.Chinas economy would of collapse in 1998 if it was not for FDI and Capital borrowing from the US and other free market econmy's.Also the 4 largest banks in China are insolvent.
Read the "Nine Commentaries on the Communist Party"
The economy is getting the best of me.A few years ago my husband had no trouble finfing wrk,he's aframer(builds houses),Now there are NO...0..NADA huses being built and nobod in our town is hiring,not even his dad who owns a gas station!I'm doinggod just making house payments.Christmas is LAST on my list of concerns.Of course or 7yr old will gt something and my 17yr old will get what she needs!I'm one of the ones thats putting off Dr visits to save money to.And I have arthritis.
Remember that during the last Depression 8 million or more Americans starved to death while the burned crops in the fields to protect the price of wheat.many of those that starved were those that thought gold and silver would save them
Many more than 8 million will starve this round ,For Americans are not as well off nor
in as good a position as the last time.
I do not mean to instill fear but the truth is needed now,buy land so you can feed yourselves and your families.
They not only allowed people to borrow more than they could afford per their income, they lowered the payments artificially for the beginning of the loan, see "payment option arm"
The borrowers thought they could always sell the house or refinance to another option arm but the regulators issued lending guidance to the lenders
1. Loans for primary residence only
2. limit option arms
Regulation crashed the housing market at that point
Vision we have 9million homes in subprime distress. Instead of paying cash say we borrow more from China etc and then payback in these properties- China needs land -homes- thats 9,000,000 homes at $200,000 average each on low side. It will be a global integrated economy, we may have special Hong Kong type zones in US for the Chinese or outright Greencard + house in lieu of cash payment of debt- imagine that.
Point is US blew the money the whole world shared in its losses and cannot recover. US still wins and remains#1. I can't wait to break my new credit card in. EU will get greedy again and so will China.
S. America is feeling the commodity price drop. WHAT HAPPENED is US AIG failed to insure the subprime loans. If USA tanks the world follows, notice how EU dished out $2trillion (way more than US)-point is the only option in the bygone era would be to invade US to collect money, they cannot do that today. Economics is strange and the strange outcome here is US actually comes back as #1.
You nailed is pvasa, sad but true. Nothing to be proud of however.... We reap what we sow... It may take awhile, but this will eventually catch up to us.
Vision: If they do a new Bretton Woods do u think it will be based on Gold, and at what price per oz? I am apprehensive they may confiscate again, so I'm looking at goldmoney w/ James Turk overseas. Do you think it's reasonably safe from prying hands here? Secondly, if one where to seek refuse in a foreign nation what nations would u look at to relocate?
Thanks for your insights and guidance from a fellow believer.
I seen news that said Dubui is even having credit problems which is halting some building projects and China is having the same housing bubble as we are. I thin the only place that is safe for now is the Swiss Fran Bond because the Super Elite have lots of money there. But who knows what THEY will do...
Morality has hit an all time low. People can feel it as we have really entered the stage of a very dangerous state of affairs. This dangerous decline in ethics and moral value for fellow human beings is bringing humanity major catastrophes, and whether we are of a Religious faith or Spiritual school of thought, whether we believe in G-d or not, the Indifference towards atrocity, the lack of care for fellow humankind is disasterous for our future generations.
Morality has hit an all time low. People can feel it as we have really entered the stage of a very dangerous state of affairs.This dangerous decline in ethics and moral value for fellow human beings is bringing humanity major catastrophes, and whether we are of a Religious faith or Spiritual school of thought, whether we believe in G-d or not, the Indifference towards atrocity, the lack of care for fellow humankind is disasterous for our future generations.
People became Pigish, ignorant because it was easy for them to buy things and lost touch with family. So maybe this collapse is what everyone needs to bring people back together
StaticX here is the truth about American status- can't live with them can't live without them. The world needs us to spend- or who will buy Chinese goods, If EU saves who will pay them interest?? America will. American economy is about monthly payments nothing else.
staticX, I understand Brother, all we can do is have faith for Humanity by believing in Humanity's future, and I do.
Im a realist about what is going to happen, and you are right; this will be very hectic mon, but the end justifies the means as the means justify the end, and I am optimistic that Humanity's future, those who will make it, will be a Bright, and Peaceful one.
Olseabee, Compassion and Sentimentality are 2 different entities completely, my friend. Clarifying the truth compassionately, involves great courage and an uncompromising spirit to stand for what is right. Emotional rhetoric is fine as long as it is true to heart and envokes a sense of caring for others.
Indifference is what is most sad in people now. Turning on Deaf ears is wide spread and very contagious in Human Psyche.
I have no time for spewing nonsense. Facts are facts and we both can learn from each other. This is what I call diplomacy and sharing of virtue between each other.
If you want to discuss something with me, then I will give you only the facts and the truthful source of the matter, as my expertise in the arenas I am wise in allows and I would expect the same for you.
Im off to help my mother, so please feel free to contact me, or visit my Channel.
"Whoever destroys a single life is as guilty as though he had destroyed the entire world; and whoever rescues a single life earns as much merit as though he had rescued the entire world."
"The End Game, Consumer Slaves and Predictable predictions"
Is uploading now, should post within the next 20 minutes. Look forward to starting a new conversation as things move forward in the collapse. Have to run, so will talk to you all later.
Raise Interest rates to encourage savings, or impliment a savings plan to help people save money.
Lower interests rates on legitimate loans for people who are responsible enough to pay back money they borrow.
I believe that our people deserve the best, and instead of no child left behind, we should have a policy of no human left behind, even though there will always be those who disagree with me that "why should I help others", "I only care about my own family and myself and thats it"
any slave labour wages and brutal working conditions. The prices of good will go up, but I would not mind paying for good quality products, ONLY if they add value to my family, my fellow citizen, and my life Genuinely and Healthily.
Products like bottled Water, Food, etc; not only should the products be of top quality and care for our citizens, but the Businesses selling these products should be considerate, balanced and not greedy.
A form a better giving and recieving should convene.
Lets bring back Manufacturing. This will bring not only Value back into Products, as in a Democratic Free World, at least we have Rights to Appeal injustice, Protest and a Judiciary system. Unfortunately these entities that once helped the people are now very corrupt and are regulated by greedy Politicans who Do not represent the Interest of the hearts of the People any longer.
Now with Manufacturing, The value of product will enhance, since there is no way you as citizens will accept
Manufacturing has been torn away from the United States because of greed. They want Asia Slave labor to produce and sell to us for High Profits. We need high Tariffs on imports to bring manufacturing back home, but our Govt will never do it because they are lobbied, payed off & controlled by the Elite Bankers.
Yes, Rock, it is unfortunate. Is'nt it a shame? this is the source of the problem, that should be uprooted. Greedy Profiteering over Human Life Consideration and Nurturing.
If we as Citizens can step back and take a fresh look at ourselves and search our souls and work hard on our hearts, we can at least try and come together and Compassionately help one another, live side by side with one another, not just in a house, but together as a community, heart to heart, care to care, love to love.
I don't see people helping each other anymore, I think most people, not all, became snobs and selfish because they were able to buy nice cars and homes and anly care about themselves. I found that out when I tried to get people together in our town on important issues. They preferred staying home watching TV instead of attending Township meetings that would help all of them. People will only help, care and be good to each other when Jesus takes over, thats just my belief as a Christain.
I will not pay taxes if I know as a tax payer that my money is been used to fund the wealth of Politicians. I am a huge advocate in taxation as long as the representation of my taxes are Righteous and Selfless Leaders, who fundamentally care for the well being of us People and not their OWN pockets.
I think that this is the greatest shame, in that the American people have been manipulated into thinking that their tax money is going to their benefit, when instead it is Not.
If you want to tax your citizens, use this money to invest in Value. Value is created when you invest the tax money from the tax payer in entities that will bring the tax payer Long term Happiness.
The more the tax payer sees the Upright initiative of the Politician/Leader bring Happiness to them in this tax valued system I just described, I beleive that more people would be more than willing to invest in Taxes.
But our Tax money is used for Greed and Corruption and
They not only allowed people to borrow more than they could afford per their income, they lowered the payments artificially for the beginning of the loan, see "payment option arm"
The borrowers thought they could always sell the house or refinance to another option arm but the regulators issued lending guidance to the lenders
1. Loans for primary residence only
2. limit option arms
Regulation crashed the housing market at that point
Wall Street keep screaming to lower Intrest Rates so stocks would go up and it created the housing bubble. Now there is no place to put your money; can't put your money in the Stk Market, Can't put it in a bank that may flop and no intrest. It's Hard to buy Gold & Silver now. They say invest in Swiss Francs, but the Banks even control that and could collpase anything they want.
You see lowering or raising of interest rates is not the problem, its the reasoning of intention behind the rate cut or hike. If I raise interest rates on you in the form of taxes and use your hard earned money for my own good, when I promised you that I would benefit you and your family in the long end, this is absolutely criminal.
The truth of the intention is hidden and manipulation is used to get you locked into the plan to profit off you, as you say the Wall Street vultures have done.
I always like to invest in something where I see a valuable return on my investment. I hold no stock, but I used to work for SmithBarney, well intern, since my father invested there.
It depends what you want to do, and what kind of plan suits your needs. If I invest in preferred stock, I like higher interest rates on return and over a longer period of time. If I lend money I want a higher interest rate to make profit off my principal lend, and if I borrow money for my house,I want low rates
"That "cortez" fella on cnbc that thinks we need "massive immigration" as a fix to our economic crash fails to recognize the cause or to consider sustainability.."
By his logic, the economic crash was caused by not enough immigration
I think we all know that that is not what caused this monetary crash... Debt did.
Once everybody who is willing to borrow has borrowed as much as lending standards allow per their income, we reach debt saturation and economic growth stops.
That "cortez" fella on cnbc that thinks we need "massive immigration" as a fix to our economic crash fails to recognize the cause or to consider sustainability..
What happens when America is overflowing?
Greed has no end and that is why we should not let investor merchants run our government
When I was young it was thought that the politicians had integrity and America's best interest at heart
The best fix for America is to 1. secure the borders 2.deport the foreigners 3.Restrict exports (that's right) 4.Nationalize banking and insurance to not for profits 5. educate young American adults in the medical fields expeditiously 6. lower welfare benefits incrementally 7.Raise Social Security Retirement benefits substantially 8.Dismantle the IRS 9.Circulatethe money 10. fema camps for corporate leaders, bankers and wallstreeters who object ;-)
Yes this is what happens when we all get fat and greedy. People (not myself) have been leaning on the Government (JFK "ask not what your country can do for you but what you can do for your country)Credit, and other unreliable sources. You know who you can trust to get it done for you......look in the mirror. When did this country become a nursery grown up babies. Want it done get it done.
This is the same place, told you awhile back that our flag, canada flag and mexico flag is. Oct 15th, now trying to pass moving the production of non-nuclear parts for nuclear weapons, to this same location. Below is what is said about this currently under construction area. I knew it!!!
Direct connection from Lazaro Cardenas to Kansas City 370-acre intermodal facility 970-acre industrial park 5 million square feet of industrial warehouse facilities Direct connections to KCSR mainline route Full interchange access at U.S. 71 Proximity to Interstates 29, 35, 70, 435, 470 & 635
Oh, ...and... they have conveniently just replaced 17 of their sirens with new outdoor warning sirens with backup batteries in event of power outages. (not too big a deal unless you figure in all the other stuff, lol)
Gottta run unfortunately. You all have a great weekend! Thanks VV, look forward to your next vid, and hope more people will be talking about what they see around them and to your topic/s.
Oh,and one more thing,Your choice is your choice,and your free will and testament determines your Destiny,and no one else can change this or has the right to change this.
Dealing with the exposure of such evil,is a Responsibility I have chosen. To Fail to support the Good and to fail to Expose Evil is UNACCEPTABLE to me.
This is a link to a very special area we need to look at closely. Would suggest going on to the next section of his crash course, and any other sections you're curious about. A "must" before you make your votes in Nov.
Add the w w w before the link and take out spaces:
chrismartenson . com / crash-course / chapter-17b-energy-budgeting
The thanks should be directed to Chris Martenson himself who has put a tremendous effort into educating people about the monetary system. It's people like Chris Martenson, Daniel, KMSbear and many others who will make a significant difference in many peoples' lives through spreading awareness of the current problems facing us all.
True, Mr1fed, many kudos to Chris Martenson himself. He puts the facts right there, with easy to interpret charts and explanations, and great insight.
Hope everyone gets a chance to go thru the whole crash course.
You are an important awareness spreader too, mr1fed, and thanks. Daniel is right on, and has the facts too. Hope many more find these messages and can prepare themselves.
I do, I think it will be any day now. Of course this is just a guesstimate, but I know a new bretton woods is coming and they will have to close everything while the reboot the system.
DETROIT — Late yesterday, GMAC Financial Services announced it has significantly tightened underwriting requirements for its auto loans on an indefinite basis.
More specifically, the changes include limiting purchases to contracts with a credit score of 700 or above.
what a troll
peckiledorf 1 year ago
You are quite right, the American consumer as we know it is going the way of the dodo?? The evidence, ghost malls all over the country. The rest of the world though is not suffering like middle America. In fact, countries that used to have hard times are now doing well.
Gabbo2010 1 year ago
This has been flagged as spam show
We all worry about you VisionVictory.....
Honestly, you will be one of the first that gets rounded up and thrown into the FEMA camps.....
You, Alex Jones ( and Man Of Truth)....
We believe what you are doing is wonderful, but you are asking for them to take you in the night!
We worry that just because we watch you, we will have our doors bashed down in the middle of the night, and be shoved into a camp........
For Gods sake we all need to be careful!
DeathOfTheDollar2010 2 years ago
It is now 6 months later stock market breaking new ground housing starting to rebound auto sales going up banks lending money at very low interests. Printing up trillions for the bankers is great we get to pay this off twice once in taxes and again when the banks loan us the money the government taxed us for.
There will be no major changes other than bankers getting rewarded for losses.
jobedied 2 years ago
I just took a crap; hand me some US dollars to wipe my ass with, please!
sharkloaner 2 years ago
go to 911missinglinks(dot)com
they can stop us, but they cant stop the truth!!!!!
JordanMobFigaz 2 years ago
This New World Order will provide the new one world currency: The Amero.
And the IRS is sucking us dry either as we speak or will create drastic higher tax rates for all citizens of the U.S.
doctorofghetto 2 years ago
Since the idiot has been in office my 401k is losing big time. Even with the lesser idiot Bush it was'nt that much. Was at a place today and the owner asked twenty people if anyone voted for OBAMA about five dropped their heads and did'nt have the balls to admit they voted for the idiot.
libsaresocialist 2 years ago
had this comming lol
FiswaT 2 years ago 2
i like credit card great stream of income
neanam 3 years ago 3
Great insight, never ever put your money into any entity that is controlled by the government. You make the call, but that may very will mean 401k's and 403b's as well. Gerald Ford said that if government is big enough to give you everything you want, it's big enough to take away everything you have.
ELHIEGER1 3 years ago 2
This has been flagged as spam show
Europe is managing it far better because the people are not so much in depts like the americans. Europeans are more able to help themself. America changed into a country of softeggs, they can't do a thing on their own, the only thing they can is consuming, they live in big houses, drive big cars and even mutate into a big and fat population. Americans are just not able to stop living over their financial circumstances. Now america has a stratum of extreme poverty, very sad. The party is over!
commodore64738 3 years ago
Dear God, no matter how bad things get there's no good reason to ingest hamburger helper. Have a rat burger instead.
trevormac77 3 years ago 3
And you don't understand what an economy is if you think this is a fake economy.
socalguy24 3 years ago
Disneyland still in SoCal?
TexnTuber 3 years ago 3
do you have some evidence or something you could back that up with
bizskithead 3 years ago 2
Get a job buddy and help us work our way out of this problem. We'll be ok. Everyone will get a haircut, they won't like it but it's a good thing and in the end, we'll be ok.
socalguy24 3 years ago
SOMEONE TALK TO ME
looking for friends eD
8g6594sh 3 years ago
hahahah you don't really know what Bretton Woods really means.
it doesn't mean changing to new reserve currently. it's more specific then that.
do you want to know what it really means?
Decebal825 3 years ago
why don't you enlighten us
bizskithead 3 years ago
I think that a lot more people would pay attention to what the world leaders are doing if it weren't so damned DEPRESSING! I have been following things and I get upset and sick of it all! I have to agree with George Carlin when he said that we create our leaders. Bullshit in, bullshit out! The average American doesn't care about much more than their standard of living. As long as things are going along without big bumps they really don't get involved.
jerami101 3 years ago
jerami101 -
Dude - what you need is about three cases of Bud Ice (or the brew of your choice) and a forty-hour non-stop Pink Floyd marathon.
Sleep tight!
TALCE1 3 years ago
There is only one industry we most definitely cannot let fail - condom manufacturers. Can you imagine life without rubbers? VD would be on a rampage and then we'd have to bailout the hospitals, although a person could make a killing on penecillin stocks.
Rock on America, rock on AND REMEMBER - ALWAYS with a condom!
Peace.
DON'T LET CONDOM COMPANIES FAIL!!! I encourage to support this initiative by bombarding Nancy Pelosi with your thoughts on the matter.
TALCE1 3 years ago 2
FUNNY!!
jerami101 3 years ago
Another good thing about being poor -
Someone else can have their turn at being the world's police force.
TALCE1 3 years ago 3
One good thing about being poor -
No where to go but up.
TALCE1 3 years ago
"They are going to pull the plug on the dollar."
Agreed.
However, not yet. Perhaps not for another 5 - 10 years. China has well over $1 trillion in US dollar reserves. The Japanese have a similar figure. These countries cannot allow the dollar to crash, wiping out their reserves.
First, they must "diversify" away from the dollar into other currencies, such as the Euro. This will take time. Do it too quickly, and it will cause a stampede. The dollar is ultimately screwed - but not yet.
worthlessdollar1 3 years ago
5-10 years? I'd say 3-5 years. They have already been getting rid of their dollar reserves either through sovereign wealth funds, forex to other currencies or just not buying anymore t-bills.
kayata123 3 years ago
The good news about the economic crash? Illegal immigration will fall.
No jobs = fewer immigrants.
worthlessdollar1 3 years ago 3
Thats true.......their is no cash that is flowing in the market it is all credit cards just listings upon listings on banks records but their is no cash actually that rotates...Majority of People on USA holds a credit cards and majority of home owners are on loan 10,15,30 yrs term.Majority of purchases are credit cards.
jmbphilcrafts 3 years ago
Italy is fool of debth and if US falls beside the stock marcket with the export largely depending on USA and the national debt, which stood at roughly 124% of GDP in 1995, declined steadily until about 2002, but is rising again because of slow growth Italy was called "the real sick man of Europe". Italy has no power,and Berlusconi is a fascist pig
DacianHellrazor 3 years ago
Hey dacian yuo are a fucking romanian pussie why do you speak about italy ?
Romania is worse than us,full of debth ,corrupted and fucked by the italians wow the fucking world's asshole ,if italy will fall down you'll see a load of shit retard !
Yuo just live for italy !
AlexDiSanto 3 years ago
Year retard,your are gonna move in western europe where we are based on real economi and not false markets,consumism,and depth. Romania has 17% of the GDP THAT IS 2200 EURO ON CAPITA and Italy has 107%of the GDP and represents a sum of 1.596.762.000.000 Keep listening to BBC and other Zionist like the italian Mediaset chanels and you are gonna get it. STOP LIVIN IN A BUBBLE!
DacianHellrazor 3 years ago
Aahah you fucking mongol you can't change the real world moron !
So now in your little fucking shitty brain rom-ania is passing Italy the 7th economic world power uhauhauahuahah so silly you are !
In rom-ania ther're 20.000 italian insustries we are the 79% of you whole pil you economy is mainly based on European founds and Italian,Germans and France money and industries and you need to come in italy to wash our latrines sending money to home.
That's your fucking economy my little retard !
AlexDiSanto 3 years ago
From the cia world factbook 2008
Italy gpd 1836000$M
rom-ania gpd 246500$M
These are FACTS not your disappointment to be a beaten up rom-anian in Italy .
You are really fucking poor to compare your fucking shitty land to Italy ,arent' you ?
And about the future don't be so happy ,if we go down the whole fucking rom-ania will be in the shit !
AlexDiSanto 3 years ago
Amen! Great to see you guys posting serious issues like this. Most of my friends think this is just another "business cycle". A part of me is sad to see so many dreams washed away - but the time of excess is coming to pass and out of the ashes of extravagance will come once again an age of savings & frugality.
lcbaudar 3 years ago
USA sent $800 billion to china in Amero. to demonatize our dollar. the federal reserve will give you .02 cents on the dollar when the crap goes down. thanks to global trading. Thank you Mr. Bush ya F@#$. Go ahead and google 800 billion to china.
G5F4D3S2A1 3 years ago
It isn't just Bush. Too many people only blame him. This has been going on for a LONG time now.
djsherin 3 years ago
The way Earthquake affected people afraid of their cracked walls & roofs to be falling on them are sitting under the open sky in the chilled cold, similarly the US investors afraid of declining economy are not investing any more in the collapsed US financial crisis scared of their investments to distort in the suicide economy, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.
yahoovisitor 3 years ago
Consumers are using credit to maintain their lifestyles; because their jobs have been exported to the third world. The health of the emerging markets you mentioned, is being funded by the wealth of the American Middleclass. One only has to ask if it is the responsability of the American, and Western European Middleclass to produce consumer markets for Multinational Corperations.
The new Brent Wood will produce a new revised, global Fed. We will suffer hyperinflation in 09, no dought about it
louiethegreater 3 years ago
Good video, you're right of course but really the breakdown of the world will come when oil is gone and they're to lazy to create new resources that are renewable. You watch, when oil goes the world will because only more-ons build a country dependent on non-renewables.
sderenzi 3 years ago
You are an alarmist dude !! I encourage people to go back and watch his other video submissions and write down his so called predictions from the past, and see how many of them he was correct on.
This guy is a chicken little. We obviously have problems, but my goodness, this guy blows it way out of proportion. Everything he is telling you is in the Financial sections in the large newspapers in the USA.
And he never talks about it, but the rest of the world is in the same boat of the USA.
Noahgoy 3 years ago
LOL March 18th, the Dow was around 13,000 and I said it would be around 8,000 in late september to early october. What happened? I said no summer recover going against all the so called experts, what happened?
visionvictory 3 years ago
yes we are witnessing the last days of capitalism, its up to the common people around the world to replace it with something better otherwise the machiavellian elites around the world will have total domination.
And if anyone thinks the US could lose an economic war is dreaming. you guys cant shoot for shit but you got dollar printer!!!
1poorbaby 3 years ago
This is not capitalism.
djsherin 3 years ago
yes i know your govt brainwashed you into thinking capitalism = good, socialism=evil, but in the rest of the world which felt the rough end of USA capitalism (aka globalisation) its not as clear cut.
you give total control of your life to corparations, work too much, not see your family, spend money on shit you dont need for a 5 min buzz, in the name of patriotism. rest of the world think it's crazy and don't like this culture. Maybe this is not pure capitalism (idk) but this is what USA shown
1poorbaby 3 years ago
Um, I'm not sure where you get your information, but what they "brainwash" us with is not "capitalism". The government controls the money supply, manipulates interest rates, sets price and wage controls, and mandates ridiculous regulations at every corner. The government does "brainwash" consumers into believing that they must spend spend spend but this is the legacy of John Maynard Keynes who says spending is the way to grow an economy and savings hurts and economy.
djsherin 3 years ago
Truly free market advocates believe that savings is where wealth is created and that interest rates must fluctuate naturally to reflect the desire to save (i.e. put off current consumption for the future) or consume. On the same page, government cannot create wealth unless it owns the means of production, and the government is notoriously inefficient at providing for the wants and demands of the market.
djsherin 3 years ago
"Truly free market advocates believe that savings is where wealth is created and that interest rates must fluctuate naturally to reflect the desire to save (i.e. put off current consumption for the future) or consume."
Creation of wealth is a very delicate concept. Anyone should be careful when using it.
Savings can be the materialization of wealth being accumulated in human societies. Main issue with savings: they can lose value.
TheCZMan 3 years ago
Saving only loses value under inflationary monetary systems when the interest rate return falls under the rate of the increase in prices. If prices rise 5% but your interest rate offsets that, you don't lose anything. If your interest rate is lower, yes indeed you do lose some of your savings value. This isn't a problem when the money supply is either constant or growing slower than the rest of the economy because prices will fall because the value of money will go up relative to other goods.
djsherin 3 years ago
But you can't create wealth without investment. And you can't have investment without savings. Savings is absolutely necessary for the creation of wealth in an economy. Unless a government were to print all the money, but that would result in hyperinflation rather quickly as the amount of money but into the system would have to equal all the planned investment in the economy, which is an insane scenario to imagine.
djsherin 3 years ago
Creation of wealth is impossible without investing, investing is impossible without savings... Well, how does this system boot?
TheCZMan 3 years ago
Boot? As in how does the process start? Arguably it starts with barter. If a gatherer must exchange 100 berries for a pound of meat from a hunter, he must save up 100 berries if he wants a pound of meat. As society becomes more advanced, more people get introduced into the system, and various things being used become too large to exchange effectively, people will establish a medium of exchange. A medium of exchange (money) must have several characteristics: It must be hard to counterfeit (cont.)
djsherin 3 years ago
Where do the berries come from?
Where does the investment to collect the berries come from?
Etc...
TheCZMan 3 years ago
Well, even better, when this one is done, provide the same explanations for the butter product...
TheCZMan 3 years ago
Berries come from nature. They are in, economic terms, natural resources or "land capital". Ultimately the berries are wild, but over time as agriculture and the like develop, berries can be grown on some sort of farm. Obviously berries (or any fruit/vegetable for that matter) are just one example. The investment to collect the berries is only time and necessity. In the earliest days of man, the only important thing is to collect food. If enough food is collected, (cont.)
djsherin 3 years ago
... other activities may be pursued. Perhaps the acquisition of resources that makes food gathering more convenient/efficient, for instance stone tools (later copper, bronze, iron, etc.). This in turn will lead to less and less time being devoted to the collection of the same amount of food and thus allotting more time to things such as constructing shelter and clothing (to name one of many things).
djsherin 3 years ago
Where do come the berries? Where does the investment to create berries come from? Where does the savings to allow that investment come from?
Telling that it is nature does not suit your own pattern of thought. So provide a pattern that suits it for the said cases.
TheCZMan 3 years ago
What are talking about? I don't care where berries come from as an economist. I know they're there and I know that in order to continue to have them, not all of them can be consumed. You don't need investment to "create" berries. Nature creates berries and fruits. You can insure that enough berries and fruits survive to continue collecting from them over time.
In the case of insuring you have enough seeds to produce for next year, the savings is not consuming everything at any one time (cont)
djsherin 3 years ago
Nature ultimately provides the berries, and from there one can insure that berries continue to exist and grow, but without the process of nature, we can't use berries. You're trying to ask why 1+1=2. I can't prove that mathematically, only intuitively. 1+1=2 simply because when you put one thing with another thing, you now have two of them.
djsherin 3 years ago
You provided a pattern and this pattern does not apply.
This is all what matters.
Ah those capitalists, nature is mothercare, the start of all.
TheCZMan 3 years ago
How can my patter apply of economics apply to a non-economic question? You're asking where the berries come from. I answered that. Natural science is irrelevant to the issue of economics. My point is investment creats wealth; new investment must come from savings. You have to save "things" and in this case, those "things" are berries. It makes no sense to apply the theory to how berries are created. That is a question for natural science. I don't understand why you're applying savings and
djsherin 3 years ago
I don't understand why you're applying savings and investment to the creation of berries, or any natural resource for that matter.
djsherin 3 years ago
Well, I dont understand why I should not apply the pattern to it.
"you can't create wealth without investment. And you can't have investment without savings. Savings is absolutely necessary for the creation of wealth in an economy."
So the input is irrelevant to a system? Well, I am not surprised...
By the way, berries can be all collected without endangering the next crop.
TheCZMan 3 years ago
I see where we got off pace. What I was referring to by "wealth creation" was man made wealth creation. A berry is wealth, just not made by man. The berry example was to show how savings and exchange originated. We were thinking slightly different things. I was assuming that you were assuming that wealth creation was man made. We don't create berries or any natural wealth so clearly we can't save and invest in it the same way we do with capital goods and the like. (cont.)
djsherin 3 years ago
Since investment and savings are concepts relating to man made things, it was implied that the wealth that is created through investment and savings is man made.
djsherin 3 years ago
Oh so there are two different types of wealth...
But what about butter? I told that this example would be funnier...
TheCZMan 3 years ago
What about it? It needs to be created from a mixture of natural ingredients. It is wealth that is consumed or sold for money or bartered for another good.
All wealth originates from nature. We don't create those resources obviously. We can only invest time into using those resources to create man made wealth (more complex foods, shelter, tools, vehicles, infrastructure, etc.)
djsherin 3 years ago
... it must be durable; it must be scarce, that is common enough to be universally used, but not abundant enough to be rendered useless; and generally, it must look good. Historically gold and silver are the long term winners when established by the market (i.e. people's preferences). In order to buy more things on the market or invest in something that people will likely want, one must save, (cont.)
djsherin 3 years ago
...whether this takes the form of money to purchase capital goods and employ labor etc. or actual goods that one saves up to either sell for money or exchange directly for other goods/services.
djsherin 3 years ago
Don't be pesimistic in all. If you need one new vacum cleaner or a new fridge - BUY ONE NEW. BUY BUY BUY
petereuropa 3 years ago
As Marc Faber wrote in his June 2008 Boom, Gloom and Doom ReportThe federal government is sending each of us a $US600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs.If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car itwillgotoGermanyIf we purchase useless crap it will go to Taiwan and none of it will help the American economy
boruone77 3 years ago 3
Have no fear guys. Obama will save us, tax the hell out of those "evil" rich and give to the non working poor. Health care, college education, new house for all. Plus, no more wars, cancer, hurricanes, or toothaches. Obama was born in bethlehem and he was wrapped in swaddling cloths and lain in a manger. At least that is what the media tells us.
Stan1208 3 years ago 3
We borrow a trillion dollars a year. That money will have to be paid back by taxes plus the interest by you and all of your descendants in perpetuity because we can only pay the interest on the debt. Unless the budget gets balanced you have to tax someone who should it be? People alive today are people who aren't even born yet?
Warnomore50 3 years ago
Are you tryin to diss Hamburger Helper? I mean the financial collapse is one thing but when you put down my main food staple...Uggh and I love that lil glove hand dude on the box, it makes me feel safe, please dont scare us. Bush and the Neocons love us, thats what grandma said, so there.
jjpeterson1 3 years ago 5
I've been hearing folks talk a lot about gold confiscation lately. Let's get real...which one of you plans on giving the govt. your hard earned gold? Remember...they are going to have their hands full just trying to keep very, VERY PISSED OFF people who are no longer recieving govt. assistance checks burning down a lot of our major cities. By the time they get around to demanding gold from us...well sorry...I've already traded it for food, gasoline, propane and meds. ;-)
Toneyboy53 3 years ago
People-please research the plans for a new world order (new currency, martial law and a loss of rights). This stuff isn't loony conspiracy stuff it's more real than you think.
thehouseofhoops 3 years ago
This has been flagged as spam show
The first video was from March of 2008. He predicted that the Dow would fall to around the 8000 point marker by September. He also said the S&P would see the 800's. He said all of this 6 months before it happened and even went as far as saying what the value of the Dow would be. Thats proof that he knows what he is talking about IMO. Its not every day you hear someone call something that dead on.
BobBrinkerisanIdiot 3 years ago
We should also note that his gold, silver, and oil predictions have not even been given the time frame he predicted. He said the dow would be around 8,000 in september, it would of been foolish to be upset with him in May when it was still at 13,000.
He said gold, oil, and silver would boom sometime after the crash of the stock market, it's still crashing.
So i don't see how he's wrong yet, he's always said that the commods were an end game play.
BobBrinkerisanIdiot 3 years ago
It's basic dog psychology; a dog will eat itself to death.
audiodistortionist 3 years ago
Watch this video called:
The federal reserve caused the 700 billion dollar bailout and economic crash
Help your Country - Please SPREAD THIS VIDEO AROUND
GET A LIST OF THOSE WHO VOTED FOR THE BAILOUT AND VOTE THEM OUT!
rocksiphone 3 years ago
Excuse me while I laugh at some guy who thinks he is privy to OPEC policy
KLguy133 3 years ago
I hear that there are talks of a world currency that is being planned. Not sure if Russia, China will go for this though. Any thoughts on this?
gmoney415 3 years ago
it's canada, usa and mexico, it's called the amero look it up we will be a one world thingy thang. that's when I will start killing people.
clown65000 3 years ago
Yes, a new currency is very probable at this point. Along with all sorts of other heinous implications. Research the new world order and you'll see.
thehouseofhoops 3 years ago 2
Focusing on the inevitability-- well here ar some others-1) In depression scenarios cash is king, so dollar will rise not drop.
2) Oil will demand has dropped fast. Change happens. Tech changes=hybrids,etc.Inevitably.
3) China and Japan will inevitably finance us with more money for us to shop shop again. Isn't a bad habit difficult to give up for all- Lenders and borrowers.
In economics fear and greed are inevitable cycles, we are in fear mode. No fancy technical mumbo jumbo analysis here.
pvasa20 3 years ago
$ will not rise it will drop leading to big time inflation.
Anybody dumb enough to continue financing this debt inflated bubble is stupid and will only lead to an even bigger disaster for BOTH debtor AND creditor. No point owning Trillions of Tbills if they ain't worth shit.
KLguy133 3 years ago
OIl price drops as a rock every $10 drop adds $70 billion in internal US consumer spending.
US recession will be short V shaped unless OPEC raises prices - won't happen. Folks see u at the beach.
pvasa20 3 years ago
No guarantee oil will stay down , if $ goes down oil becomes expensive no matter what
KLguy133 3 years ago
Only Iran and Venezuala want oil at $80++++. Saudi can live at $65 a barrel. Point is after this fiasco OPEC will be afraid to raise oil prices. Russia too will be very cautious, plus Saudi almost walked out of last OPEC becoz Hugo talks too much, neither do they like Iranians.
pvasa20 3 years ago
You mean the Ultra Sophisticates aka "Saudis" used to be desert nomads before Standard Oil made themhalf civilized???
Repomex01 3 years ago
Do I need to remind you what happened in Argentina a few years ago? Cash was not king. People were trying to get their money out of the peso into other real assets. I saw it unfold on TV. Riots, Looting, Martial Law, Bank Holidays. A "first world" economy fell to its knees overnight. Currencies are very susceptable to harm.
thepassionateteacher 3 years ago 3
Response to Pvasa20"China and Japan will inevitably finance us with more money for us to shop shop again"Japan yes,but China never.Their economy is in dire crisis,not as bad as their Political or social arenas,but the export bubble has burst and the CCP is collapsing.Chinas economy would of collapse in 1998 if it was not for FDI and Capital borrowing from the US and other free market econmy's.Also the 4 largest banks in China are insolvent.
Read the "Nine Commentaries on the Communist Party"
mitchee009 3 years ago
y the hell do u care
clockwise28786 3 years ago
pooppoooopooopooopooopooopooop
clockwise28786 3 years ago
The economy is getting the best of me.A few years ago my husband had no trouble finfing wrk,he's aframer(builds houses),Now there are NO...0..NADA huses being built and nobod in our town is hiring,not even his dad who owns a gas station!I'm doinggod just making house payments.Christmas is LAST on my list of concerns.Of course or 7yr old will gt something and my 17yr old will get what she needs!I'm one of the ones thats putting off Dr visits to save money to.And I have arthritis.
vlcboleman 3 years ago 2
Remember that during the last Depression 8 million or more Americans starved to death while the burned crops in the fields to protect the price of wheat.many of those that starved were those that thought gold and silver would save them
Many more than 8 million will starve this round ,For Americans are not as well off nor
in as good a position as the last time.
I do not mean to instill fear but the truth is needed now,buy land so you can feed yourselves and your families.
dave777blaster 3 years ago 2
They eliminated lending standards on mortgages
They not only allowed people to borrow more than they could afford per their income, they lowered the payments artificially for the beginning of the loan, see "payment option arm"
The borrowers thought they could always sell the house or refinance to another option arm but the regulators issued lending guidance to the lenders
1. Loans for primary residence only
2. limit option arms
Regulation crashed the housing market at that point
olseabee 3 years ago 2
The bankers run credit cycles
Contrary to what is publicized it IS a science
The housing cycle is 18 years. 1972, 1990, 2008
The depression cycle is 80 years
1926 florida land bust + 80 = 2006 housing crash etc. etc. 1929
The depression will throw off the very next housing cycle
I had an 80 year old ex merchant marine tell me in 2005
"They're going to kill a bunch of us again"
They bankrupt us intentionally and never confront the truth regarding a debt based monetary system
olseabee 3 years ago 4
can you explain the significance of 1&2, i don't think i get it.
neptuneey 3 years ago
test
olseabee 3 years ago
they won't let my response post neptuneey
olseabee 3 years ago
u know this video is making me like more and more of moving to asia
darkisato 3 years ago
Vision we have 9million homes in subprime distress. Instead of paying cash say we borrow more from China etc and then payback in these properties- China needs land -homes- thats 9,000,000 homes at $200,000 average each on low side. It will be a global integrated economy, we may have special Hong Kong type zones in US for the Chinese or outright Greencard + house in lieu of cash payment of debt- imagine that.
pvasa20 3 years ago
I think thats more of a post collapse scenario. So I don't know, but anything is possible now that were at the end of the credit bubble.
visionvictory 3 years ago
Hope you have some Junk silver in your collection. Confiscation appears to be likely.
InTheSticks1881 3 years ago
Point is US blew the money the whole world shared in its losses and cannot recover. US still wins and remains#1. I can't wait to break my new credit card in. EU will get greedy again and so will China.
pvasa20 3 years ago 2
Laughable. China stock collapsed 70%,
India 50%. Russia is ruined too, EU too.
S. America is feeling the commodity price drop. WHAT HAPPENED is US AIG failed to insure the subprime loans. If USA tanks the world follows, notice how EU dished out $2trillion (way more than US)-point is the only option in the bygone era would be to invade US to collect money, they cannot do that today. Economics is strange and the strange outcome here is US actually comes back as #1.
pvasa20 3 years ago
You nailed is pvasa, sad but true. Nothing to be proud of however.... We reap what we sow... It may take awhile, but this will eventually catch up to us.
staticXpaintball 3 years ago
Vision: If they do a new Bretton Woods do u think it will be based on Gold, and at what price per oz? I am apprehensive they may confiscate again, so I'm looking at goldmoney w/ James Turk overseas. Do you think it's reasonably safe from prying hands here? Secondly, if one where to seek refuse in a foreign nation what nations would u look at to relocate?
Thanks for your insights and guidance from a fellow believer.
richintucson 3 years ago
I seen news that said Dubui is even having credit problems which is halting some building projects and China is having the same housing bubble as we are. I thin the only place that is safe for now is the Swiss Fran Bond because the Super Elite have lots of money there. But who knows what THEY will do...
rocksiphone 3 years ago
Morality has hit an all time low. People can feel it as we have really entered the stage of a very dangerous state of affairs. This dangerous decline in ethics and moral value for fellow human beings is bringing humanity major catastrophes, and whether we are of a Religious faith or Spiritual school of thought, whether we believe in G-d or not, the Indifference towards atrocity, the lack of care for fellow humankind is disasterous for our future generations.
My only hope my brother is Unity.
mitchee009 3 years ago
Morality has hit an all time low. People can feel it as we have really entered the stage of a very dangerous state of affairs.This dangerous decline in ethics and moral value for fellow human beings is bringing humanity major catastrophes, and whether we are of a Religious faith or Spiritual school of thought, whether we believe in G-d or not, the Indifference towards atrocity, the lack of care for fellow humankind is disasterous for our future generations.
My only hope my brother is Unity.
mitchee009 3 years ago
People became Pigish, ignorant because it was easy for them to buy things and lost touch with family. So maybe this collapse is what everyone needs to bring people back together
rocksiphone 3 years ago
Future generations? This IS the last generation mitchee. Read your prophets, the truth is in there bro...
staticXpaintball 3 years ago
StaticX here is the truth about American status- can't live with them can't live without them. The world needs us to spend- or who will buy Chinese goods, If EU saves who will pay them interest?? America will. American economy is about monthly payments nothing else.
pvasa20 3 years ago
staticX, I understand Brother, all we can do is have faith for Humanity by believing in Humanity's future, and I do.
Im a realist about what is going to happen, and you are right; this will be very hectic mon, but the end justifies the means as the means justify the end, and I am optimistic that Humanity's future, those who will make it, will be a Bright, and Peaceful one.
Cheers
mitchee009 3 years ago
Why don't you talk more about facts instead of emotional rhetoric
olseabee 3 years ago
Olseabee, Compassion and Sentimentality are 2 different entities completely, my friend. Clarifying the truth compassionately, involves great courage and an uncompromising spirit to stand for what is right. Emotional rhetoric is fine as long as it is true to heart and envokes a sense of caring for others.
Indifference is what is most sad in people now. Turning on Deaf ears is wide spread and very contagious in Human Psyche.
mitchee009 3 years ago
I have no time for spewing nonsense. Facts are facts and we both can learn from each other. This is what I call diplomacy and sharing of virtue between each other.
If you want to discuss something with me, then I will give you only the facts and the truthful source of the matter, as my expertise in the arenas I am wise in allows and I would expect the same for you.
Im off to help my mother, so please feel free to contact me, or visit my Channel.
Best Wishes,
Mitch
mitchee009 3 years ago
He justs a mean old man mitchee
I hope he have a hart atack
PMSbear2 3 years ago
"Whoever destroys a single life is as guilty as though he had destroyed the entire world; and whoever rescues a single life earns as much merit as though he had rescued the entire world."
~The Talmud (Mishna Sanhedrin 4:5)
mitchee009 3 years ago
"The End Game, Consumer Slaves and Predictable predictions"
Is uploading now, should post within the next 20 minutes. Look forward to starting a new conversation as things move forward in the collapse. Have to run, so will talk to you all later.
thx again for all the support. :)
visionvictory 3 years ago
Raise Interest rates to encourage savings, or impliment a savings plan to help people save money.
Lower interests rates on legitimate loans for people who are responsible enough to pay back money they borrow.
I believe that our people deserve the best, and instead of no child left behind, we should have a policy of no human left behind, even though there will always be those who disagree with me that "why should I help others", "I only care about my own family and myself and thats it"
mitchee009 3 years ago
any slave labour wages and brutal working conditions. The prices of good will go up, but I would not mind paying for good quality products, ONLY if they add value to my family, my fellow citizen, and my life Genuinely and Healthily.
Products like bottled Water, Food, etc; not only should the products be of top quality and care for our citizens, but the Businesses selling these products should be considerate, balanced and not greedy.
A form a better giving and recieving should convene.
mitchee009 3 years ago
Lets bring back Manufacturing. This will bring not only Value back into Products, as in a Democratic Free World, at least we have Rights to Appeal injustice, Protest and a Judiciary system. Unfortunately these entities that once helped the people are now very corrupt and are regulated by greedy Politicans who Do not represent the Interest of the hearts of the People any longer.
Now with Manufacturing, The value of product will enhance, since there is no way you as citizens will accept
mitchee009 3 years ago
Manufacturing has been torn away from the United States because of greed. They want Asia Slave labor to produce and sell to us for High Profits. We need high Tariffs on imports to bring manufacturing back home, but our Govt will never do it because they are lobbied, payed off & controlled by the Elite Bankers.
rocksiphone 3 years ago
Yes, Rock, it is unfortunate. Is'nt it a shame? this is the source of the problem, that should be uprooted. Greedy Profiteering over Human Life Consideration and Nurturing.
If we as Citizens can step back and take a fresh look at ourselves and search our souls and work hard on our hearts, we can at least try and come together and Compassionately help one another, live side by side with one another, not just in a house, but together as a community, heart to heart, care to care, love to love.
mitchee009 3 years ago
I don't see people helping each other anymore, I think most people, not all, became snobs and selfish because they were able to buy nice cars and homes and anly care about themselves. I found that out when I tried to get people together in our town on important issues. They preferred staying home watching TV instead of attending Township meetings that would help all of them. People will only help, care and be good to each other when Jesus takes over, thats just my belief as a Christain.
rocksiphone 3 years ago
I will not pay taxes if I know as a tax payer that my money is been used to fund the wealth of Politicians. I am a huge advocate in taxation as long as the representation of my taxes are Righteous and Selfless Leaders, who fundamentally care for the well being of us People and not their OWN pockets.
I think that this is the greatest shame, in that the American people have been manipulated into thinking that their tax money is going to their benefit, when instead it is Not.
mitchee009 3 years ago
If you want to tax your citizens, use this money to invest in Value. Value is created when you invest the tax money from the tax payer in entities that will bring the tax payer Long term Happiness.
The more the tax payer sees the Upright initiative of the Politician/Leader bring Happiness to them in this tax valued system I just described, I beleive that more people would be more than willing to invest in Taxes.
But our Tax money is used for Greed and Corruption and
mitchee009 3 years ago
The bankers run credit cycles
Contrary to what is publicized it IS a science
The housing cycle is 18 years. 1972, 1990, 2008
The depression cycle is 80 years
1926 florida land bust + 80 = 2006 housing crash etc. etc. 1929
The depression will throw off the very next housing cycle
I had an 80 year old ex merchant marine tell me in 2005
"They're going to kill a bunch of us again"
They bankrupt us intentionally and never confront the truth regarding a debt based monetary system
olseabee 3 years ago
They eliminated lending standards on mortgages
They not only allowed people to borrow more than they could afford per their income, they lowered the payments artificially for the beginning of the loan, see "payment option arm"
The borrowers thought they could always sell the house or refinance to another option arm but the regulators issued lending guidance to the lenders
1. Loans for primary residence only
2. limit option arms
Regulation crashed the housing market at that point
olseabee 3 years ago
Wall Street keep screaming to lower Intrest Rates so stocks would go up and it created the housing bubble. Now there is no place to put your money; can't put your money in the Stk Market, Can't put it in a bank that may flop and no intrest. It's Hard to buy Gold & Silver now. They say invest in Swiss Francs, but the Banks even control that and could collpase anything they want.
rocksiphone 3 years ago
You see lowering or raising of interest rates is not the problem, its the reasoning of intention behind the rate cut or hike. If I raise interest rates on you in the form of taxes and use your hard earned money for my own good, when I promised you that I would benefit you and your family in the long end, this is absolutely criminal.
The truth of the intention is hidden and manipulation is used to get you locked into the plan to profit off you, as you say the Wall Street vultures have done.
mitchee009 3 years ago
I always like to invest in something where I see a valuable return on my investment. I hold no stock, but I used to work for SmithBarney, well intern, since my father invested there.
It depends what you want to do, and what kind of plan suits your needs. If I invest in preferred stock, I like higher interest rates on return and over a longer period of time. If I lend money I want a higher interest rate to make profit off my principal lend, and if I borrow money for my house,I want low rates
mitchee009 3 years ago
"That "cortez" fella on cnbc that thinks we need "massive immigration" as a fix to our economic crash fails to recognize the cause or to consider sustainability.."
By his logic, the economic crash was caused by not enough immigration
I think we all know that that is not what caused this monetary crash... Debt did.
Once everybody who is willing to borrow has borrowed as much as lending standards allow per their income, we reach debt saturation and economic growth stops.
debt crash
olseabee 3 years ago
That "cortez" fella on cnbc that thinks we need "massive immigration" as a fix to our economic crash fails to recognize the cause or to consider sustainability..
What happens when America is overflowing?
Greed has no end and that is why we should not let investor merchants run our government
When I was young it was thought that the politicians had integrity and America's best interest at heart
The American people ARE America
all of us
olseabee 3 years ago
olseabee 3 years ago
Circulate my 10 step American restoration plan.. it works
olseabee 3 years ago
Olseabee You should take Hanky panky Paulson's place ! Excellant !
brianinheaven 3 years ago
You have my vote, just include T.Boone
daddyo6621 3 years ago
I just heard a chicago traitor tell dylan ratigan on cnbc that the answer to our economic problems is MASSIVE IMMIGRATION.
They probly want to start bringing in the english
Of course this may appeal to the profit driven investor but what about the rest of us and what about AMERICA?
This globalization is WAY out of hand.
All these feel good commies have no clue as to sustainability or justice
olseabee 3 years ago
VV,
Where are you at??? We need updates!?
nets4lifeam 3 years ago
net4lifeam- I will do an update in a few hours, talk to you then.
visionvictory 3 years ago
Yes this is what happens when we all get fat and greedy. People (not myself) have been leaning on the Government (JFK "ask not what your country can do for you but what you can do for your country)Credit, and other unreliable sources. You know who you can trust to get it done for you......look in the mirror. When did this country become a nursery grown up babies. Want it done get it done.
jsh78mang 3 years ago
KCS Centerpoint Intermodal Center
This is the same place, told you awhile back that our flag, canada flag and mexico flag is. Oct 15th, now trying to pass moving the production of non-nuclear parts for nuclear weapons, to this same location. Below is what is said about this currently under construction area. I knew it!!!
KMSbear 3 years ago
Direct connection from Lazaro Cardenas to Kansas City 370-acre intermodal facility 970-acre industrial park 5 million square feet of industrial warehouse facilities Direct connections to KCSR mainline route Full interchange access at U.S. 71 Proximity to Interstates 29, 35, 70, 435, 470 & 635
KMSbear 3 years ago
Oh, ...and... they have conveniently just replaced 17 of their sirens with new outdoor warning sirens with backup batteries in event of power outages. (not too big a deal unless you figure in all the other stuff, lol)
KMSbear 3 years ago
...like the new helicopters...
KMSbear 3 years ago
Now... you go back and read my earlier post and watch Chris Martenson's videos... and tell me we are putting money where it should be.
We need to fix our energy situation, and that doesn't mean wind, solar, or hydrogen. Chris Martenson outlines this very well. Facts!
Please watch this and be careful who you vote for, and remember your votes for congress/senate/house, are just as much or more imporant as pres.
KMSbear 3 years ago
Gottta run unfortunately. You all have a great weekend! Thanks VV, look forward to your next vid, and hope more people will be talking about what they see around them and to your topic/s.
KMSbear 3 years ago
I love your passion KMSbear, we need a Queen in our Warrior lives to give us warmth and caregiving.
It is always a pleasure to learn from you my Lady.
Ciao,
Mitch
mitchee009 3 years ago
Choosing to remain Indifferent towards the Suffering of others is Cowardly. To Compromise Courage is worse than Living Hell.
I wont tolerate Fear, as dealing with your inner most demonic side and practice to cultivate your Buddha Nature is Power in itself.
Im no saint or holy man,Just a Warrior, fighting from the heart for what is Upright and Just.
mitchee009 3 years ago
Oh,and one more thing,Your choice is your choice,and your free will and testament determines your Destiny,and no one else can change this or has the right to change this.
Dealing with the exposure of such evil,is a Responsibility I have chosen. To Fail to support the Good and to fail to Expose Evil is UNACCEPTABLE to me.
mitchee009 3 years ago
Whether you have title, status, Power, Wealth, are not the issues at all. It is the Selfish Desire that drives humans now to hurt each other.
Where is the Sacrifice now in ourselves for one another, where is the Consideration and Virtue in Selfless towards our fellow human beings? huh?
Most worrisome is where is Morality gone? If this Human society continues to go on like this, what do you think is bound to happen?
Search your Soul my friend.
mitchee009 3 years ago
Just a reminder or for new viewers here...
Chris Martenson
This is a link to a very special area we need to look at closely. Would suggest going on to the next section of his crash course, and any other sections you're curious about. A "must" before you make your votes in Nov.
Add the w w w before the link and take out spaces:
chrismartenson . com / crash-course / chapter-17b-energy-budgeting
Thanks again to Mr1fed.
KMSbear 3 years ago
The thanks should be directed to Chris Martenson himself who has put a tremendous effort into educating people about the monetary system. It's people like Chris Martenson, Daniel, KMSbear and many others who will make a significant difference in many peoples' lives through spreading awareness of the current problems facing us all.
mr1fed 3 years ago
True, Mr1fed, many kudos to Chris Martenson himself. He puts the facts right there, with easy to interpret charts and explanations, and great insight.
Hope everyone gets a chance to go thru the whole crash course.
You are an important awareness spreader too, mr1fed, and thanks. Daniel is right on, and has the facts too. Hope many more find these messages and can prepare themselves.
KMSbear 3 years ago
So the Dow has been up quite a bit this week. Why is that happening? When will it start to go back down if it will?
jssfrgvrofall01 3 years ago
While I'm grateful we were able to collect a few small bags and a two small boxes of food for salvation army, I'm also sad...
Two companies combined of approx 200 or more people and we didn't even get the amount that one middle-class family brings home a week.
Not even any money offered.
Ouch... I feel like a sad E.T.
KMSbear 3 years ago
Vision,
Do you think there will be a "bank holiday" and what exactly is that and how would they
go about that?
Don't forget me.
PrepNow 3 years ago
I do, I think it will be any day now. Of course this is just a guesstimate, but I know a new bretton woods is coming and they will have to close everything while the reboot the system.
visionvictory 3 years ago
we'll see if lindsey williams was right.
sbmillionair 3 years ago
DETROIT — Late yesterday, GMAC Financial Services announced it has significantly tightened underwriting requirements for its auto loans on an indefinite basis.
More specifically, the changes include limiting purchases to contracts with a credit score of 700 or above.
Repomex01 3 years ago
Thanks for the info!
We sure had to pass that bailout quick, didn't we???
Does anyone know where to go to find a list of who voted for and against the bailout?
KMSbear 3 years ago
Nevermind, I found it.
KMSbear 3 years ago
what are you guys investing in? THings like FXY? FXA? or just moving your money to foreign banks?
kenji4861 3 years ago
average bear market lasts 16 years with p/e ratio starting at 16/1 ending in 5/1 marc faber
creekesl 3 years ago
thanks
CBwardog 3 years ago
watch?v=dDwpRFWXw90
BendoverBernanke 3 years ago
If this is to happen....Will Canada be in as big of a f