SHOCKING NEWS Demonstrates Gross Ignorance, Interesting Data

[schizophrenic123]

Worth remember though that there`s still a lot of play in the system. A lot of people using private transport to commute to pointless jobs to shuffle paper.

We`re going to see that stripped away, and the idiots will be forced to make a choice between the facade of prosperity and actually having enough to eat.

[NeoQuello]

asshole..

[schizophrenic123]

Oil production should go into rapid decline next decade. Should be interesting to watch everything unwind.

People will probably look back fondly at this period when that occurs. Thats when inflation will really bite, rapid decline in goods against increase of money in circulation. This was just the first wave, and it`s coming to an end.

We`re really talking about the slow collapse of modern civilisation. Coal liquification will be mainstream when ethanol is abandoned.

[spiderx3000]

i care! we sha'll spread the news to every one and try to pull together as one. we are living in dangerous time brother.

[sderenzi]

I'll explain quickly why the housing market is crashing, it's because there is no housing market. It's a complete farce and fantasy, once you live on land it's yours not something to be taxed every year just because you live in the country! As long as this weakminded thinking exists you'll see America loosing it's value. The world must stop with this economy non-sense and begin doing things much differently, give me a break!!

[NYInvestingMeetup]

Thanks for doing this video. People need to hear this message - and they're not going to hear in from the mainstream media. Keep up the good work.

[ehswan]

I like this video and the comments. It is here that I find the tell tale signs of the truth. Thank you all.

[sbmillionair]

Lol, exactly. It gos up, the same amount as it would go down in one day. And everyones happy. But when it gos down almost everyone says "Its ok" never saying the real truth that there is a big problem.

I hope i made sense, pretty tired.

[visionvictory]

Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.

This is real time.

[sbmillionair]

Hm, what do you think about today?

[visionvictory]

The U.S. stock market is a house of cards. We have had about 30 billion in total losses in the last 4 weeks. The dollar has been crushed over and over again, and today the dollar takes a 1 day break from its beat down, and the markets rally. Oh, and don't forget the 100 million ford made over seas.

[Nassos1983]

Is George Bush living in a bowl? I mean, everybody shouts out loud that the US Economy is not only in recession but is heading towards a depression. Does he believe what he's saying?

Another thing: I noticed oil and defence companies are making good profits.

[BobBrinkerisanIdiot]

Were the ones living in a bowl, GWB knows exactly what's happening. He just lies to everyone in the bowl, so we go about are daily lives, while GWB destroys the constitution.

[SolitonPL]

James Turk after analyzing many of currency crisies predict that the dollar will collapse in next 3 - 6 months! This the final stage! I wouldn't ignore prediction of this guy! He is really good and his book "Dollar Collapse" was published in 2003 so was right!

[SolitonPL]

Funny, I have written this comment about James Turk before the end of your video comment.

And then bang! James Turk! :)

It's coming! Dollar today hit low once again!

[visionvictory]

James Turk is very wise and would not put his reputation on the line like that, unless he thought it was absolute. I trust him and am preparing as fast as I can. DUMP THOSE DOLLARA PEOPLE!!!!

[SolitonPL]

I think in similar way! He said this becauze he really expect that this is the final stage! I'm from Europe but I expect that this will cauze problems also here.

Cheers! Keep doing good work!

[js7un]

Is there an article link where James Turk says this? Thanks.

[visionvictory]

go to his website, gold money. I think it was two articles ago, but within the last 30 days.

[js7un]

Thanks! Started to look on the gold money site. Maybe it is the article, "A New Record Low for the Dollar"? No direct time frame called out, but it says the possibility of a dollar collapse is both real and imminent. That's pretty strong talk none the less.

[js7un]

Finally found it in "The Dollar Hasn't Bounced" article. I searched for the word "summer", and it is there in the second paragraph. I'll pass that on. Thanks.

[irishnwowatch]

Daniel

Do you see a collapse of the european economy? Will the collapse of the US economic system drag the EU down with it. Do you think the European Central Bank will inflate the Euro also to prop up the dollar?

Cheers

[visionvictory]

I don't see anyone getting hit as hard as the U.S. Economy. There are so many variables when this goes down. It's hard to say, the world could go according to Peter Schiff and boom. Or we could see a global collapse. Either way though, the U.S. is going to feel the most pain.

[Puzzoozoo]

Another thing American TV may not have reported is the BoE is loaning £50 billion or £100 billion to do what your Fed has been doing for the past few months. Interesting times ahead.

[Puzzoozoo]

$100 billion

[overcome85]

Realistically, the entire channel of cnbc is puppets for not reporting the truth. After Jim Rogers last performance, I bet we won't see him back on in a while.

[Puzzoozoo]

I'm not an American so have no idea who you are refering to.

[Puzzoozoo]

Just in case it's not been reported on the American main stream TV news, this week end Scottish workers at one of the biggest oil refinarys in Scotland will be going on strike, over their pensions; so expect to see reports of fuel shortages across Britain, as there is talk of a fuel protest across England as well, so I'll be filling the tank on Friday, as will lots of other drivers.

[Puzzoozoo]

Even here in Britain people are now starting to get worried over food prices going up and up, and petrol and diesel is now averaging £1.07 a liter. And our bankers are also getting worried that we could be following America down the same road. So just in case there is a run on the pound, is the Swiss frank a safer harbour or is the Euro a safer harbour? As I'll be changing a grand to diversify my cash savings a bit. I've already converted 2 grand into gold sovereigns just in case.

[visionvictory]

Euro and Swiss are both great, I actually am a little more leaning to the Swiss franc though. I agree with you that the pound is in a lot of trouble.

[Puzzoozoo]

Right, thanks.  I'll come Friday be changing a grand into Swiss franks, and maybe another 500 into Euro's.

[BobBrinkerisanIdiot]

This Country is down to its last 6 months, things are going to get really bad in late august and early september. GET READY!

[mrzack888]

I guess once the collapse comes, my materialistic lustful dreams of owning a sport Lexus, and dating a supermodel will be in danger of NOT coming to pass...

[gmoney415]

My Lexus is gone....My girls are gone too...

Thank you to all the people who flushed this economy and country right down the toilet....Every American that got screwed owes it all to them!

[davincij15]

If you want to get violent go to the Federal Reserve the private bank that made this all possible via printing money via easy credit.

[floydian8073]

i would actually argue to watch media outlets like foxnews and the other usual suspects... not for getting your news, but because if you can see what they are trying to brainwash us with while they are doing it, savvy people can actually be ahead of the game... keep your friends close, but your enemies closer

[firethefed]

visionvictory.. please let us know the links to the information you find.. so we can confirm what you are saying... if 1 out of 7 people have trouble paying there mortgage... let us know where to find this information.. if rick santelli said something give us the link to see if for ourselves... it will make your videos more credible. and more people will belive you.. keep up the good work.. and thanks for pulling people out of the dark...

[visionvictory]

Firethefed- Unfortuantly youtube only gives us 10 minutes, so I will try to start putting my notes in the info section under my pic icon. Majority of my info comes from Prison planet, drudge, CNBC, Bloomberg, and the AP. I do have some other sources, but the sites above are my regulars. I also go directly to the government websites that provide the data, so I can find out what's not being reported. Most of the news information on my site is stuff that's under reported, not secret info.

[visionvictory]

Also the majority of people watching my videos are very news savvy, so if I was lying it wouldn't take long for people to call me on it. Thanks for your comments. Most are seeing what I'm seeing, I'm just giving my opinion.

[jdl1881]

V- do you think we are headed for North American Union and the Amero? It makes sense to me. Canada has the 2nd largerst oil reserve in the world , so if we owned it - we would no longer need foreign oil. Also, Mexico gives us oil and cheap labor. When USD collapses - the Amero ushers in.

[visionvictory]

Amero 2010

[Crizkut]

Right on man, you're doing a good job trying to inform people while there is still some time left. Now I'm just about ready myself. -Thanks man

[ormej0]

Does anyone have any idea why the Fed is so lax with monetary policy? I've heard a few theories from "if one bank failed then it would bring down all the monolines" to "demand destruction in response to peak oil". Any other ideas? Incidentally inflation stats here in the UK are a joke. 2.5% CPI my arse. Anybody who budgets their expenditure and eats food or drives to work should know it's a total crock.

[bdc03]

To cover up inflation governments have taken food and energy out of the equation.

[mrfunnyman99]

Hey VV, I caught Dennis Kneal on CNBS yesterday and yes he is either in denial on the current state of affairs, or so ignorant he couldn't count to 21 unless he was naked.

I exaggerate to clarify.

[ib2fast]

Best of times - Worst of times. Find an OLD Car/Bike. Tools and Know-How are perhaps the best guarantee of survival in the world of Barter. When Baker's dump a wheelbarrow full of cash, and take the wheelbarrow in exchange for a loaf of bread (tools have value). Men live and die by their word. I remember mainly Good Times. Be Smart, Work Hard, Stay Alert, Be Prepared, Fail Safe and FAMILY! AND Yes! a Family can bath in one tub of rain water in turn and be thankful. GODSPEED!

[ib2fast]

Back then Police were in (serve and protect mode). Things have chnaged. Even then with some resources, folk were often killed for anything someone else needeed. "If you weren't smart or stong enough to keep it, you don't deserve to have it!". Folk get desperate - Folk get dangerous. Isolation is good and networking in groups also works pending location. My grandparents lived it. Even garbage went to chickens or compost. NOTHING was ever thrown away or WASTED by them till the day they died.

[ib2fast]

Good Job! Good Advice! Important message for those with an ear. This Deep Recession or Depression as case may be will be much different than the last one. Folk had small farms, some livestock, was able to hunt, had gardens and seed, could make soap, could can fresh fruit, had fruit trees, grew berries for jams and jellies, made bread etc. HOWEVER now when roads are closed for only a few days, the shelves are barren. Now, folk demand that someone DO SOMETHING for them, because they can't MAKE DO.

[Puzzoozoo]

Fuel has gone up AGAIN here in Britain. At my local BP garage petrol is NOW £1.08 a liter, and diesel is now £1.15 a liter. I predict it'll be around the £2 a liter mark for petrol by Christmas.

[sagemanr07]

what is this? yes economy is bad but not to this level.

Is this A CULT working to spread panic?

[mrfunnyman99]

No it's really that bad.Latest poll shows 1 out of 7 homeowners would have trouble paying their Mortgage in the next 3 months.Staggering debt, soaring inflation and the credit crisis are all starting to take it's toll.

[TheCZMan]

If you are the one out of 7, it spells big troubles for you, if you are among the six out of 7, it doesnt.

[yellowtreat]

sageman7, A cult means to look outside the mainstream perception. Look around and measure the possibilities, this situation is much realer than you think.

[BobBrinkerisanIdiot]

Segemanr07- This is a blog for adults. So if you are going to act like an ignorant child, please search for the power ranger blogs. If you have some actual evidence or facts to present a differing view, then bring it on. But the facts on the ground are what they are. Dollar is getting crushed, but maybe your one of those economist on CNBC who doesn't' eat or buy gas, so you think everything is great.

[visionvictory]

Sagemanro07- In regards to housing, currency value, foreclosures, losses, and inflation. Were far worse than the last Great Depression. I assume you're a conventional thinker; you have to be willing to look at the facts on the ground and turn off fox news for a minute. Are you a fact finder? Or do you just accept what people tell you?

[jonah70757]

I used to get nothing but denial and some jeers over the past several years talking about the kinds of issues discussed here. I can tell you that within the past 3 months I have seen an attitude change and I have heard these very folks admit how I was right about everything. And People are genuinely scared right now!

[jonah70757]

Wall Street and our Government make me sick!

I am sick of their lies and deception and acting like we are all just a bunch of dumb sheep. And all three Pres Candidates are all patronizing nim cum poops and they sicken me as well!

[hunt1803]

There is another presidential candidate that not only knows what is going on, but foretold it. The powers-that-be are making sure that the MSM minimizes coverage of his campaign. When I tell people to vote for Ron Paul, they say it will be a throwaway vote. What the devil do they think a vote for one of the 'top three' will be??? Geez, if you really think it is a no-win situation, vote with your brain. Enough people and we'll have Ron Paul to help us pick our way out of this mess.

[sbmillionair]

Its so hilarious how they try and say 200+ point rally cleared the recession. Oil at 117 record high, dollar is low; its just funny.

[visionvictory]

Sbmillionair- It's possible we will see new highs before the crash. Unlikely, but possible, Peace and Safety Peace and Safety, and then a collapse like a thief in the night.

[Puzzoozoo]

Coming home for Warrington my home town-its even on youtube-an hour ago I see that petrol and diesel has gone up even at the supermarket where I fill up since last night. Petrol is now averaging £1.07 a liter, and diesel is now averagin £1.15 a liter. So, with conversion for all you Americans petrol is now $9.67 a gallon for our imperial gallon, and maybe a tad more for a smaller American gallon, and diesel for trucks, trains and all other commercial and cars powered by diesels its now $10.41.

[sbmillionair]

they were going insane calling the recession over yesterday on CNBC

[AngryRichMan]

Every one better start selling all your stocks before you lose it all.Sounds like its time to stock up on food now.

[AngryRichMan]

I shall come like a thief in the night,

everone is going to be wiped out rich and poor.Prepare for the worst.

[unreallogic]

I've been talking to a lot of people about the economy, everyones feeling it. Gas is killing us out here, produce is double. Costco in my area was sold out of rice today. Vision Victory, I don't know if were going to make it to the fall or winter, I think this is going to be an August collapse. Any thoughts anyone, on timing and reasons why???????????

[nextdimensions]

The solar question is based on ALL debts paid off other than the house, which was purchased before extreme real estate inflated prices in 2003, at 6%, as well as no equity ever taken out, and substantial investments in PM's already done. A different scenario is to wait until this whole thing falls down, and use the PM's to buy the solar system.

[visionvictory]

Nextdimensions-If the Utility Company in your area has a major disruption or shuts down, is your solar dependent on them? Or are you completely energy independent?

[Puzzoozoo]

Here in Britain petrol is now on average £1.05 a liter, and diesel is about £1.11 a liter. Plus the prices of food is going up, and EVERYONE is noticing that. And last Monday the BBC's Panorama current affairs program did a episode on how our economy is being affected.

[BobBrinkerisanIdiot]

Good question Unreallogic, Puzzoozoo, hows the health care in Britain?

[Puzzoozoo]

The NHS soliders on, as it has done for the last 50 years. Over a hundred billion pounds has been thrown at it over the last 5 years, with not much to show for it, as most has been swallowed up in pay packets, and the MRS virus is still killing patients. I'm glad I am healthy and don't need to use the NHS.

[nextdimensions]

What do you guys think of taking out a loan on equity of the house to install a grid tie solar electric system, which would make the power bill approx 0.00 (run your meter backwards) - states have rebates for solar, and power costs will continue to rise...what about inflation making the cost of your house easier to pay off (if you invest outside of the dollar now) and subsequently the cost of the solar system...thoughts on that VisionVictory? Thanks for the vids man, keep them coming, nice job.

[mrfunnyman99]

Wall Street blowing off Merrill Lynch horrible quarter.Stocks up a Dollar.Since when does Wall street reward loosers.Anyone else smell a rat.

[unreallogic]

More unexpected losses today, but wall street is flat. Let them have their fun, it gives us more time to prepare.

[Kittenkattan]

Another great video Visonv.

Just as you were saying on MySecretspace's comments, Wall Street is just outright ignoring the data or hiding it. Amazing!

Well, let's see what happens this summer.

When in the summer do you think reality will stike? June, July or August? Let me know.

Peace.

John.

[visionvictory]

Kittenkattan- Post summer, I think we're looking at October2008-Febuary2009. Main Street is going to continue to get worse, but the market will not reflect Main Street until the summer recovery doesn't happen. The summer recovery is about 3,500 points on the Dow Jones right now. Once the facts of the fall and winter come out, we will see a full blown collapse. But it could happen sooner, the fuse has been lit, were seeing a dollar collapse in real time.Priced against real things,it's crashing.

[visionvictory]

Remember, there is about a 6 month lag from what we pay at the pump, to a barrel of oil. So were still pumping an 80 dollar barrel average, so the rise in gas prices is just starting. This will really squeeze the consumer and kill our 70% consumer economy. In my area, gas is already at 3.92 for the cheap one. Over 4 bucks for the other two, and 4.60 for diesal. Food is going a lot higher.

[TheCZMan]

Interesting sequence of work.

Comparing what people can get out of similar facts is exciting. Thank you for sharing.

As for me, I dont think that food riots will put pressure on the US government, that this government will be driven to act on the USD for that. The US government does not bother much about the US citizens which are on the receiving end already, so I do see why they would bother for non US citizens dying for starvation.

Again, I think the situation favours the US. Time will tell

[BobBrinkerisanIdiot]

CZ, don't you think the high cost of gas and food will hurt our 70% consumer credit card economy?

[TheCZMan]

I dont sidestep but it is a matter of magnitude. Yep, this cost is being and will be felt by the US economy.

Actually globalization acts like a bullet proof jacket. See what I mean. Will a direct shot on you hurt you? Yep, you will be bruised and stuff but most of the impact is absorbed by the jacket.

Globalization is about shifting the costs onto someone else and it is a top to bottom process. Which means that some US citizens will feel the bite. Not that many.

[BrightAnarchist]

Hey VisionVictory, I got to meet James Turk at the New Orleans hard money conference. This guy is the real thing. I have no doubt that digital gold is the future of money, whether governments like it or not.

[Nassos1983]

It seems that the ECB is going to increase the rates to stabilize the situation. Consumer spending has decreased a lot.

I'm afraid that in a few months Russia will have problems with oil supplies, and also there's going to be a decrease of food exports from various countires in order to meet domestic demand.

Peter Schiff was right. Nut spending destroyed the US economy and various other countries that have little or no production basis. And it is NOT a normal business cycle.

[BobBrinkerisanIdiot]

ECB raising rates would be like shoving a knife down the dollars throat. That would send it on a nose dive. I've been hearing that their very close to doing it.

[Nassos1983]

When Eurozone's inflation is 3.6% (1.9% in Holland, 4.4% in Greece, and 5% in Ireland) and ECB rates at 4%, obviously Trichet might think of rising them.

But they don't do it because it's the politicians that raise obstacles. It's annoying for them not to have the ownership of the printing money machines. :-)

[eatsomedog]

CNBC is a comedy show on bullshit. Love watching your show, keep up the good work. 3precious metals are SILVER and GOLD and of course LEAD for bullets. Hyderman99 most not shop for food or buy gas, communists inflation.

[visionvictory]

lol, good one eatsomedog.

[hyderman99]

why do u remove my posts if you are sure about what you are saying? are u hiding something?

let other see the real replies don't be another idiot who follow idiotes(or maybeeeeee they are making money out of the idiotes)

[BobBrinkerisanIdiot]

Hydermann99- You opened all of our eyes to the communist lies. ROFL LOL , Yes, people eating is just a cycle. Soon people will stop eating and food prices will go down. The dollar getting killed since 1971 is just another cycle. Mustang 1970=1,000 bucks, today it's 34,000. Thank goodness the communist cycle is almost over, does that mean the dollar will gain against the ford mustang? Hydermann99, go to school, read a book, heck listen to bob brinker. But stop acting like a MENTAL MIDGET.

[hyderman99]

lies propoganda by the communists, watch it guys its just another cycle soon will have a recovery . market is just flushing the idiots don't be an idiot,

just anothe cycle soon will go

spend money and enjoy your life

[BobBrinkerisanIdiot]

Hyderman99- This blog is for Adults. Your comments have no evidence and are very immature. Stop acting like a Child, can't you find a power rangers blog? The dollar has been going down since 1929, is this an 80 year cycle your talking about?

[landongendur]

Thank you for the update. Food prices in Canada are soaring too with diesel being nearly $5 a gallon here.

[davincij15]

Did you hear the Bank of Canada, the Central bank is taking in Sub-Prime junk the canadian banks purchased on to its books as well? It will bankrupt the Canadian government since the central bank in Canada is owned by the government.

[landongendur]

Yikes! No I didn't hear that. I'll check it out on the Web though. I'm convinced that a recession will hit Canada too in the next year or two as well

Windsor Ontario is like Canada's barometer; it's the first city in and the first one out of economic calamity. And right now it's not looking too good...

[davincij15]

Google

"Bank of Canada moves to accept new risks"

[Quantrill71]

Great video, looks like a collapse is coming sooner then later. I have to wonder though, what value gold and silver will have when you can't eat or drink either of them. I think all major cities are in for a rude awakening , with everybody competing for the same resources. Crime will certainly go up and many will be unemployed and homeless.This could turn real ugly.

[visionvictory]

Food is priority #1. Gold is to preserve wealth in the long term, Silver is to grow wealth in the long term. I buy Ag stocks and Oil stocks on foreign exchanges in order to survive and thrive. I'm asked everyday why I still buy stocks, the easiest answer is, if it's over, it's over, none of it matters. But if the world goes on, which I think it will, then I want to be positioned to profit. Plus,if I'm in dollars, I'm guaranteed to get screwed.So I have to put the money somewhere:)

[overcome85]

What are your thoughts on RJI? Rogers International Commodity Index ETN.

[visionvictory]

Like it a lot, RJI/Rogers International commodity index is the best one out there. I believe a fund is coming out that is going to mirror it.

[jairo33]

Vision, Great Video!

I'm pretty new to investing, Where do you go to invest in foreign exchanges? Can it be done from an IRA account?

Thanks!

[visionvictory]

Euro Pacific Capital, Call Eric in Newport. Tell him Danny and Juliet sent you ;) Thx for the comments

[jairo33]

Thanks again!

Keep up the great work!

[mrfunnyman99]

Almost forgot, visionvictory once again great video.Thank you so much for the info.

Keep em comin'

[visionvictory]

Thx Mrfunnymann99.

[mrfunnyman99]

I watched CNBC today and it's so obvious what they are doing.They know the truth but they are paid to be cheerleaders for the market.Misleading the public like this will undoubtedly cause alot of people to loose their money.They are setting a trap.

[Montagraph]

The Federal Reserve is 90% out of options. They have lowered the short term interest rates several times and are almost out of magic. I think that the Wall Street Elites are trying to manipulate the market just long enough to reap the rewards before the USA goes into a full blown, well you know - the "D" word! Something is up. Be sure to watch these 3 stocks. (1) Military affiliated - (2) Heavy Equipment i.e. Cat ect - {3} Trains and Affiliates

[kidbilly1970]

Over 3 months ago, dow/nasdaq/s&p was the same as it is today. Yet, at that time, oil= $91,and euro/us$= 1.47.... Today, oil= $114, euro/us$= 1.59. The market was hugely over-valued back then, so what do you think it is now. Get out of the market now before its too late!!!

[visionvictory]

Great Point, and numbers. Thx KidBilly1970

[gmoney415]

yellowtreat....has got a great question. What do we do with our 401K? Should we just cash it out and dump it out of the dollar?

[Mechman064]

I rolled my 401k over to a roth IRA and invested in SLV. My plan is for silver to double and I can use it to pay off my mortgage. I don't trust the brokerage to keep my holdings safe during the bad times we have coming so I'm just concentrating on getting as debt free as possible and loading real silver and gold into my safe deposit box. I also have a year of food stacked in a nice cool closet in my home and I'm soon going to buy a small gasoline engine and a bike trailer for my mountain bike.

[davincij15]

Peter Schiff of EuroPacific or a gold IRA is good too. Check out Peter's videos on YouTube just as good as this guys but on Faux news. Don't let that turn you off cuz they bash Peter every day he is on for talking about the dollar collapse.

[geriatricguru]

Thanks for the stats you shared. Oil hitting 115.-- per barrel is hard to swallow, when it was just 11 dollars per barrel in 1999! I noticed a Wachovia commercial, in which they say that one can save a dollar by using their check card. That, imo, is leading to a cashless society. Also, at a local Wal-Mart, where gas is sold, they have raised their price to that of convenient stores. That was noteworthy to me, for they usually run a few cents cheaper. God bless.

[mrzack888]

When will the shit hit the fan? Maybe after the Chinese Olympics and the general FraudLection.

2009 time of danger...

[Lucidtomr]

Yes Sentelli is great. I hate wal mart, it's a nazzi business. I started preparing too. Started growing my own food. This summer when you said the dollar might collapse, yea. I suspect the Bush regime is kissing china's asz because china could dump US dollars before the olympics, or right after. Oil doesn't affect me too much, I have a hybrid and a electric bike, also solar panels and a wind generator.

[rseveran]

Wow, was planning for a SUMMER rally, this is not summer folks. This is ridiculous, I agree. It's a richly valued stock market, imo. The Dow P/E should return to a more reasonable 9 or 10.

Don't look at the last 15 years for reasonable P/E's, the market in general entered a massive phase of irrational exuberance starting Dec. 1994. This lasted until Jan. 2008, but we will have one final taste of "irrational exuberance" until Sept. I would not be comfortable being long after that.

[RCReptilesDotCom]

Keep up the excellent work and keep those videos coming! Thank you.

[JP5466]

You're an intelligent man and I look forward to your video updates. You're right, CNBC is pumping the market everyday. They try to keep your eye off the big picture. The market has been going up on hot air. All bad news is being viewed as good news, and average/slightly better than average news is fantastic news... so silly.

[rhbxyz]

I am so very happy I have subscribed to you! God bless, and may you keep us informed as the days progress!

[visionvictory]

Thx Rhbxyz, God Bless you to :)

[davincij15]

check these guys out they are very funny when they give the bad news...

watch?v=RK3fQEh9Wsw

:)

[yogiudo]

That is because CPI discounts food and energy

[endlessmountain]

great video Daniel, and I have noticed inflation big time myself. A $2 loaf of bread last year was $3 today and I am getting ready to stock up on whatever perishable items I can get that I expect to go up, which would be everything perishable! Good luck and great videos

[yellowtreat]

From a saving perspective what's the opinion on 401k, money markets etc... In the long run do you think it's safe to leave some savings, or just take the penalty and bail on the dollar all together and go pure commodities? Gold and silver are going threw the roof!

Thanks again VV for another great post.

[visionvictory]

Yellowtreat- Everyone's situation is different, so I want to be careful about giving a generic response regarding 401K's. I'll tell you basically what I did. I cashed my 401K out, paid the penalty, invested in non-dollar assets. My wife's 401K however, had more investment options. We were able to invest it in two fidelity sector funds, Oil and Mining. It should be noted that my 401K accounts for less than 10% of my net worth. As far as money markets, if there in dollars, RUN!

[unreallogic]

WERE IN A DOLLAR COLLAPSE!!!!!! WAKE UP PEOPLE!!!! Stats and fact don't lie!!!!

[unreallogic]

Great vid, I enjoy the economics lesson I get when I watch your videos. Thanks, I'm warning as many as possible.

[BobBrinkerisanIdiot]

Were already in a dollar collapse priced against real things. I mean rice up 63% year to do date? Its over, hyper-inflation is months away.

[bdc03]

The dollar got slammed last night. I think it's going to get slammed again tonight. I think everyone is just waiting to pull the plug on the dollar. They don't wanna run out all at once or they could lose. If they go slow they can cut some losses. The dollar is done :(

[Kittenkattan]

bdc03, What website do you check for the dollar index? I found a least 5 different sites with 5 different prices. Can you direct me to the one you use?

Thanks.

[unreallogic]

Bdc03- Whats the health care like in your country? Is it really as good as the movie Sicko claims it to be?

[bdc03]

Health care is ridiculously expensive. Sicko is a worst case scenario. If something expensive happens insurance companies will try to not pay you.