$5 silver, $10 oil not impossible, but not likely

[AustralianAllTheWay]

Isn't purchases on credit increasing the money supply?

Banks lend out and only keep 10%, this factor is multiplied exponentially.

[AustralianAllTheWay]

Isn't Europe about to print a few trillion?

[BiggerThinking1]

Morgan has just said $5 silver is possible before rebounding to $75. (Didnt he also call the 30% plunge in May?).

A bit of a worry.

[bphil67229]

You explain things well but lay of the uppers.

[davidlee110]

It going go back down soon but it will start over.

it like a cycle. BUY BUY BUY then LOOK LOOK LOOK then SELL SELL SELL!

[andylutube]

Are you saying that all electronic money, deposits and debt could get wiped out and only physical cash, which would then be worth more, remaining? Then all the silver bugs should sell their silver for cash right at the height of this 'event' and then buy back their silver for less after this 'event' and be left with more silver and more cash than they had to begin with.

[gsszuber]

This is the first time I've watched one of your videos. I take it you're a coffee drinker? :)

[eyeswideopennimrod]

LOL :) your mad, but good mad, and your info is great. Keep stacking

[troybr79]

No, sorry Silverfuturist. I agree wth you most of the time but Mike Maloney was not talking about $10 oil by the banks "poof going away" or by revaluation of money or supply. He specifically called for $10 oil using his "head and should" chart patterns. This is one thing I REALLY wish he hadn't said because it cost him a little credibility in my opinion. I respect Mike Maloney but to say oil was going to go to $10/barrel in a room full of bankers was idiotic, all his other info was great. 

[acidhead43]

thanks for the info mr. silverfuturistic

[TeunisD]

If the M0 is decreasing we have a real world Devlation, and not an Inflation.

[TheNick487]

yes paper backs digital and when digital fails theoretically physical paper could get strong. Will suppliers of basic necessaties want the paper? Also in a deflationary collapse will silver drop less than everything else including paper money? I can forsee a short period where we may see massive physical dollar strenght, a panic to turn digital to paper followed by the total hyperinflationary collapse. Both de and inflation swings more and more violently whipsawing everyone.

[phantomcharger]

If a silver $1 was half the value of a barrel of oil, we're still doing good

Money is relative to what it will buy,

I care not the number, only the value

[Kylenashari]

I think i know who the next chairman of the FED should be....

[MUDSWAT]

This is the most insightful thing I've seen on our currency. Now Sir, you have my interest.... (subscribed after watching you here and there)

[kja5]

If this scenario ever even came close to happening, the government would declare a temporary ban on cash withdraws, and Ben would fly in with a massive digital bank bailout to make sure the fractional reserve system remained in place.

[BiggerThinking1]

Hang on... "M0 is decreasing"? Then what was Quantitative Easing?

[silverfuturist]

@BiggerThinking1 QE doesn't physically print money, it happens at the higher M levels (computer games)

[oldtimefreedom]

never seen the metals store I go to as swamped as it was this weekend (2/19/2011), people where heavily selling AND buying, some folks were looking for the first time...

[KarlBrkr]

Nice concept. But if Silver went to $5.00 because the M2 & M3 vaporized and only M0 exists..... that means all the billionaires and millionaires of this world would be penniless.... lol..  Funny idea.

[omarabdallah92]

what can you do with a box of nickels? i know the metal value is over 5 cents but its illegal to melt the coins and sell the metal.

if the dollar collapses will we be able to sell the metal in our coins?

[pep1player]

It's not a bad thing if silver goes to $5 an ounce. We can just by crazy amounts then!!

[geniusmarketing08]

wow, $10 for a hermes tie, my GF wants a $20,000 Hermes handbag...looks like I need to shop at estate sales, lol.

[tekmnd]

"All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from the want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit, and circulation."

President John Adams

[tradergee1]

I think that in a debt collapse Silver would still gain purchasing power relative to everything else that fell also.

[mja2035]

I liked this theory Joe.

[Tomta20012]

one of your best videos eva!

[seekerofgod7777777]

A Good Cuppa Joe :D

[seamoosey]

did you happen to buy any of the silver keiser coins? I did months ago and have any communications

[MoneyBags73]

The metal in that $100 box of nickels is worth $150. Nice 50% return by just exchanging paper money for it at the bank.

[rolficus]

you know they like it when the us dollar is counter fitted becouse it helps the inflation cause i would not be suprised if they actualy secretely aid the countries that counterfit the us bank notes m zero made in china lol

[rolficus]

unfortunately the fed reserve has limited m0 money production for quite some time it is almost likely that they prefer a covert system that leaves little or no hard trail at all . we are in a bank run at the moment and have been for the last 3 years only now it is excellerating into melt down speed we might see high inflation to keep the banks kicking for as long as possible followed by deflation for a big reset be ready for both its gonna be nasty

[12bamish]

The eCONomists who claim the currecy supply is lower now than before always fail to explain Q2. They've created more USD than ever before. Even Glenn Beck showed true currency inflation charts.

What appens to FDIC when Congress fails to raise the debt ceiling in two weeks?

[demensha23]

Yes you'll need lots of M zero when M1 and M2 go Poof...and M4 like Supratube1 suggests.

[Tanarus20]

Easy on the coffee cowboy...

[tabcan]

Oh how I wish everyone knew this information.

[grueman1]

If you shaved this guys head and gave him a goatee, totally would look and act like a young Jim Cramer

[aboutsoul19]

Hi Silver Futurist. Did you mean on the edge with Max Kaiser? not Micheal Krieger? and if so do you have a tag line about the nickels because there is so much Kaiser?

thanks.

[ArgentPur]

Not sure I understand the significance of less paper money now than M0 + M1 + M2 in 1980. That sure sounds like a lot of dollars in 1980. I could see comparing M0 2011, after the deluge of QE, to M0 1980. That would shock me but could be explained with the vast credit card use. But isn't M1 12-40x M0 due to fractional reserve banking, and M2 even more?

[cb87658]

Take a silver coin and buy a hair cut.

[InsaneSeer]

Dude, grow ya hair back and stop reminding me of Gene Wilder!

[bammbamm12]

You paid ten bucks for that rag? And thanks for the sea sick visuals :)

[AllTheSame711]

I still say you need  a gun look at the world today. Just think of it as another investment.

[DontTread0nMe1776]

@watchersx Actually the melt value of each box is $146.72 today but who is counting (besides coinflation)

[gasdorf]

@DontTread0nMe1776 coinflation will buy them nickels ? point me to the nearest we buy nickel outlet?

[savgal1211]

I am buying "Bricks", every week, 100 bucks of nickels a week, to stash!! I walk right in, ask for a brick, and get it. And I have 400 ozs of silver, now, gettin more!!

[BillKville]

Bill the Cat!!!! Ackk Plbbb

[silveristhefuture]

@SilverTminus10 Hope what is over..the 7+ billion ounces of manipulating the shareholders of the FED reserve owe??

[continuityofliberty]

I doubt people would react well to their digits going "poof"

That would kill the dollar with decisive finality, and if the FED tried to claim everybody's assets after initiating such a monetary effect (in addition to everything else they've done) they'd be rebuffed with forceful disdain.

The dollar is toast, as is the FED.

[msungs]

@continuityofliberty The USS Titanic (economy) hit the iceberg (2008) because of the Fed's poor steering (low interest rates that fueled the housing bubble). The unsinkable ship (Dollar) is sinking. Bernanke is in the hull trying to print enough Owebama bucks to do a patch job. People like Ron Paul, Peter Schiff, Silverfuturist, and myself are trying to warn people to get to lifeboats. Most will not listen until they are cold and wet, then its too late. It is going to be fun to watch.

[steelhorses2004]

Less physical cash needed vs 1980 because huge increase in credit card useage and the era of debit cards.

[SILVERpeasant1996]

WHATZZZZZZZZZZZZZZZ UP EINSTEIN!!!!!!!!!!!!!!

[JesusDillinger]

Two things: 1st, What "M" is silver bullion? Is bullion expressed in those terms?

2nd, The fed no longer publishes how much money they've made in dollars. So, the American People are not allowed to know how much American currency there is? Get a rope....

[limitedplay]

geez you dress like you work for Goldman.

Nice vid kinda lost me a little on m3 and what evaporates for silver to go 5 again. All the didgital money evaporates and the banks dissapear, if thats what I heard you are right the currency wouldnt survive to much panic.

[kingcherub]

Thanks, I didn't understand why you were talking about a deflationary colapse in your last few vids....this all makes perfect sense.

[NuttyCookie333]

Thanks for sharing that. You're a great teacher!!

[THESHADOWATCHER]

Hey I have learn something ! never heard of M0 M1 and all before Thanks

[wisewolfe]

i'd love more teaching videos. kudos.

[GermanInvestor]

where do the IUO issued from the california government belong to: M0, M1, M2, M3? I guess M3?

[rolficus]

what about the time a stock broker with fat fingers nearly crashed the market again human error my ass lol thanks for the info joe .

[terilooney]

Oh p.s.--it is actually pronounced 'air may.' The tie brand that is. ; )

[msungs]

@terilooney Actually it's a German last name and shipping company and is pronounced Hair-mays.

[terilooney]

@msungs BLUSH!

[terilooney]

@msungs Blush guess I learned something else.

[terilooney]

@msungs Well apparently we are both partly right. It is French and is pronounce air Mez. So says the consensus of the almighty internet. ;)

[Marek2160]

Need!

[terilooney]

Hey, I did learn. I had no idea what all those "M's" referred to. Thanks for explaining so clearly and succinctly. How do you know all this stuff????

[dpla5762]

All they need is some hacker to come along.

[hozayamz]

@silverfuturist Maloney is dead wrong about oil. Oil will have value relative to whatever the "dollar" does. The banking system has always been insolvent- it's several absurdities multiplied together. Mike Maloney is right about how touching something is owning it. At least until Big Brother takes it away. I want cheap silver! C'mon- JP Morgan- naked short silver to hell- Bill the Cat rules!

[colinjockgraham]

@hozayamz if silver goes to 5$ then jp morgon wins. so although i want to fill up my swiming pool with eagles, i would rather see jpmorgon blood suckers go to jail

[hozayamz]

@colinjockgraham Bull Butter! JP Morgan is a shell- it does not exist, it is Maya, an illusion. Silver is real. The Harkonnens are real. Sliver isn't going to 5 bucks, not in the dollars we have now. For silver to get back to 5, the old dollar must die, it must hyper-inflate or be replaced. The sleeper must awaken.

[kckmkq]

@colinjockgraham Not really think physical possession V the paper game. If they deflate the paper bubble JP Morgan loses. This is why the bankers got the bailout they have already lost but are just hanging on for dear life. Buy physical silver and gold in moderation to what you can afford, think long term spread the word gently and be confident in your stance.

[charlesfuchs]

Sell all your physical silver and gold now lol

[eurohim]

I heard somewhere that only 3% of the money supply is paper money. The rest is digital. You don't need printed dollars and coins when it exists in a computer. The sky is the limit.

[fuzzybunnies]

Very nice tie. Can you please tell my wife that my copper cent and my nickel roll collections are not insane?

[silverfuturist]

@fuzzybunnies Have her watch "On the Edge with Michael Krieger" - he makes it very clear what is coming.

[BugsMr123]

@silverfuturist You don't mean "On the Edge with Max Keiser" do you?

[OzClawhammer]

@BugsMr123 I think he meant MICHEAL Krieger on MAX Keiser's 'On the Edge' :)

[BugsMr123]

@OzClawhammer There is such a guy? Sorry, if that's the case.

[BugsMr123]

@fuzzybunnies

[wesleytarbuck]

@fuzzybunnies is it worth getting copper? maybe we need a video on that too, havnt looked at copper yet

[fuzzybunnies]

@wesleytarbuck copper pre-1982 cents currently have a melt value of about three cents... makes sense to me to save them!

[ehswan]

@fuzzybunnies NO!

[drewstarr71]

@fuzzybunnies well with a user name like fuzzybunnies it will be a hard case to prove your not crazy! =-D

[siszam]

@fuzzybunnies I just convinced my husband that I'm not crazy for sorting boxes of pennies. I feel your pain. :)

[Equity213]

@fuzzybunnies

You should show her WEPollock's video on investing in nickels. Makes an ireffutable case in about five minutes.

[KnowledgeDriven]

@fuzzybunnies ref (Part 1 of 3):

On the Edge with Max Keiser-Global Revolution-02-18-2011-(Part1)

PressTVGlobalNews | February 19, 2011

/watch?v=zfWR-O9U8CA (7:43)

'His guest, Michael Krieger, believes that the unrest will spill over to the US as the world economy is "co-centric."'

[whippoorwillss]

dude your all over this topic. thank you for spreading the info.

[Supratube1]

you forgot M4 which means M4Carbine for those who mess with your M0 M1 M2 M3

[KnowledgeDriven]

@Supratube1 haha.. ya, and the M6 in ur back by uncle sam's long arm of global order enforcing u keep accepting M0-M3.... :(

;)

[TheDeathbycancer]

bank run is coming. Less than 3% of physical paper money exists.

[TheWildbill242]

$10 Silver sounds strange at first but that price wasn't that far in the past. Maybe it could happen again.

[DontTread0nMe1776]

@TheWildbill242 I could see a $10 SPOT price fairly easily, but you would see premiums on physical keeping it near or greater than the current price IMHO. November 2008 when they pushed the spot price down under $9 the Silver eagle premium shot to $7 over spot.

[rich232399]

wars cost money they will print money to pay for it and tax the people through inflation. otherwise NWO agenda comes to a halt.? who knows they have think tanks, im betting on inflation,

[omgwowface]

$1 silver is coming.

[GoldenDragon214]

M3=M2 + Credit

M2 = M1 + Savings Accounts

M1 = MB + Checking Accounts

MB (Monetary Base) = M0 + Bank Reserves

M0 = Physical Money

In the fall of 2008 there was a mass deflation (stocks, commods, housing all fell in price) as a result of credit (M2) contraction. The contraction was about 1 trillion dollars. The Fed responded by increasing bank reserves by about that much. This stabilized the deflation by keeping M2 about the same. However, the expanded MB will likely cause hyperinflation

[GoldenDragon214]

I stand corrected. M1 does not include the Bank Reserves portion of the Monetary Base. However, those reserves can be used to create new loans which will be added to M1/M2 as borrowers spend and deposit the loaned funds.

Of course, the specific definitions of Mx do vary from one country to the next.

Nevertheless, a sudden expansion in MB, like what we have been seeing over the past 2+ years has prevented a mass deflation (i.e. $10 oil), but, will eventually lead to hyperinflation.

[BigKidCountry]

Nice to see that you still clean up nice. lol and the smile on your face when you hold the nickle box is priceless total joy 0:32. But i am waiting to see the banker look inside the chicken coup. hahahahahah thanks again for the time and energy you take to make these vids.

[JP5466]

The hair is getting wild again Joe.

[acuriousbeast]

I actually did learn something; the terms M0, M1, etc. That was interesting. Thank you.

[carter102]

Anything is possible, but if they contract the money supply like that, all government revenues will dry up overnight, taxes won't be paid. They'll have to print the money to keep the government going.

We could have hyperinflation, then a deflationary collapse. But I doubt you could find physical silver at $5/oz. I think all collapses are deflationary in nature.

[a10fjet]

you look fancy

[ENLIL2000]

The Fed used to actually have bunkers FULL of pallets of paper money (cash) for use in case of a nuclear war. They got rid of them all. I worked on converting one to another use. They have no intention of trying to run the economy on M1. No way. They came up with a bigger and better plan decades ago. It's called a global currency.

[djspin1025]

Not sure FDIC will be around soon...and who's to tell that those Benank Bills are there! If the country is at a debt ceiling and m0 the same as 1980. How could everyone go withdraw that funny money from the bank?

[captvanhalen]

That is a nice tie ...

[BlunderCity]

M0 is not really the physical money, it's the monetary base or High Powered Money because it can be multiplied through the banking system and is issued directly by the central bank (informally refered to as "printing money"). M3, simply explained is credit. You take out a credit card, you've expanded M3.

QE were injections of M0 money to counter the credit destruction or deflating M3 (credit crunch). That money buys bonds to lower their rates and force banks to look for yield (try riskier loans)

[tgpdlp1]

Did you know that your box of nickels and all U S Mint coins are government issued money? That includes silver and gold eagles. All paper and electronic money is issued by the central banking system (Fed Reserve). Most people do not know the distinction but it is important. Watch "The Secret of Oz" on youtube if you haven't already. It is great monetary education, well worth the time to watch. Coins are the only money not created by debt.

[dogbarker1981]

@tgpdlp1 "The Secret of Oz" is a great video, highly recommended for answer to our monetary problems. Gold and silver alone is not the answer, who controls the quantity of money is.

[lambdog76]

I feel like you might be missing something M3 is M2 + liquid assets. Yet wouldn't those same liquid assets be covered in MB? There is a popular notion right now that the fed is hiding some aspect of their balance sheet, I just do not agree. I agree with the fed's conclusion that M3 is covered within the other tracked Moneys.

[nwcruiser]

If the Fed inflated the dollar to be worth less would that completely wipe out the 15 trillion dollar debt and silver would be $1000 oz?

[MrPhajlee]

You have a box of nickels. I have a few around too. Any thoughts on that strategy?

[marniespeaks]

is that your M shirt and tie?

[Eraser7622]

Rockin' the tie there Joe.. good commentary on money supply.

[snedmeister1]

But you would be able to buy a lot more with your $5......

[TREACLE97]

Great vid (as always) - The real scary thing about how fiat money works is that if the banks and the federal reserve wished to, they could restrict money supply, cause mass deflation and repossess everything as the country ground to a halt - even paid for stuff would eventually end up in their hands as the interest on national dept would soak up any remaining assets not already in the hands of the bank - its currently check, and check-mate is at their discretion! - scary thought!

[silverfuturist]

@TREACLE97 EXACTLY! They have mind-boggling power.

[zalida100]

@silverfuturist Well, yes & No. They have that power mostly because 99% of people believe they have that power. They don't have the power if 10% or 20% of people say they don't. The politicians have power only because they have got people to believe that stealing is legitimate. (I saw a guy on a video the other day. He was wearing a T shirt that said "I support fair tax" WTF)?

Enjoyable video Joe - Thanks

[uncertaintyprinciple]

@TREACLE97 Deflation is only a temporary threat. The real threat to silver/gold possession is a new global resource based currency which comes together with a new tax of 99 % whenever you sell your silver (= equivalent to a silver confiscation). France just openly proposes a Bretton Woods II at the next G20 meeting.

[silveristhefuture]

@TREACLE97 They can restrict money supply but they CANNOT take the multi trillions out of circulation...too late for that. If they restricted money supply who would still pay taxes??? Only the biggest tool in the world

[BMWg84]

@TREACLE97

That's exactly what Bernanke meant when he said in his congressional hearing "We have ways of sucking [the inflation] back in"

[idesiko]

@TREACLE97 How would the interest on national debt would soak up the remaining assets?

[jadeguy99]

Lookin good Joe

[norxcontacts]

What's the box of nickels for?

[KnaveChild]

@norxcontacts Nickles are a fantastic investment for the future. The government is actually minting them at a loss because the metal content is worth more than the face value....so eventually they will need to mint them using cheaper metals. There is no market for these nickles now, but there may be in the future. And if there is a deflation, the government has already put a floor underneath their value so you can't lose anything on your investment.

[PatriotWatchUSA]

What are you going to do with ALL those nickles? They are worthless

[dogbarker1981]

Good explanation on the M's, now I'm in the mood for some M&M's and more silver :)

[MrVocalBaby]

I've never managed to understand Mike's prediction of 10$ oil. It costs more to extract it. It really sounded non sensical, and I take his views more carefully since then.

[silverfuturist]

@MrVocalBaby If all the digital money somehow vanished, then there would be like 1/10th the amount of dollars chasing the same amount of goods, not realistic but hey is the world living in reality.

[puapake]

@silverfuturist If the digital money vanished, there would be an instant problem with credibility and the federal reserve. Who wouldn't want cash on hand or physical assets after that? The money supply is shrinking with all the foreclosures and bankruptcies, that's why Ben decided to step on the accelerator, to offset the vanishing book entries.

[sinterminator]

@MrVocalBaby

We will have 10 dollar oil in about 20 years, when all cars are electrical cars.

[silvermaple70]

@MrVocalBaby I'm not sure I agree with Mike's deflation scenario but imagine this : The FED stops QE and the government lets insolvent banks fails. Unemployment would be at least twice what it is now. Personal bankruptcies would go exponential. There would be such a money contraction that the value of each dollar would increase dramatically. In that scenario oil could be trading at $10 a barrel and silver at $5 and you could buy an average house for 15k to 20k.  It would be a different world

[MrVocalBaby]

@silvermaple70 ok, I see, thanks. A politician taking the right decision in a democracy is quite uncommon, therefore I believe this scenario is unlikely to happen.

[colinjockgraham]

@MrVocalBaby mike(10$ barrel oil) just wants your 30$ a month for his newsletter, he no differant from those bankers

[untouchblz]

i hope silver goes way down, I just finished buying three ounces from my local dealer for 111 bucks with tax included argh!!!:(

[skybirdbird]

it's beyond me... that's for sure...lol

[HyperReport]

Thumbs up; however, I am wondering how China, and other creditors, would feel about M3+ going down.

[silverfuturist]

@HyperReport Yes, politically not possible it seems.

[TheBlitz1]

It doesnt matter if they don't print the money, it has the same effect as if you printed it.

When you spend your new digital money on a banking or government institutions assets, whether they be bonds, treasuries, MBS, etc. that institution spends the money in the open market on all sorts of shit, causing market wide inflation.

[silverfuturist]

@TheBlitz1 Yes, digital can be spent like paper... I am just envisioning some weird scenario where big banks disappear along with their digital moola.

[onemindonespirit]

I hope silver goes to $5. Then I'll buy enough eagles to fill a swimming pool.

[PatriotWatchUSA]

@onemindonespirit me too

[silvermaple70]

@onemindonespirit So you guys are hoarding vasts amounts of cash waiting for silver to come down?  Fools.

[onemindonespirit]

@silvermaple70 That's a big assumption there, internet dumbass. Ever heard of seizing an opportunity? You mean to tell me that you wouldn't be able to find all the cash you possible could if you were presented with such an opportunity. Go troll elsewhere.

[silvermaple70]

@onemindonespirit Ha! You're calling me a dumbass and a troll?! You're the one who said you buy a swimming pool full of silver eagles if silver dropped to $5 You could only do that if you were sitting on a lot of cash. If you had your money in other assets they would also have gone down in value. Silverfuturist, I and most of the folks here are already heavily invested in silver and are NOT hoping for it to go down to $5. You're the troll and you don't even know it.

[onemindonespirit]

@silvermaple70 you're a troll because you take some one off comment you find on youtube and try to start a fight with people you don't even know. You make assumptions about the attitudes and actions of people you don't even know to make yourself feel good on the internet. Bye bye, dumbass troll.

[kckmkq]

@onemindonespirit The point is at $5 SLV you won't have the money you think you do unless you already have M Zero or CASH already in your physical possession. The difficult thing for people to comprehend is that if silver goes to $5 in this theoretical scenario. You could have more buying power in silver at $5 than you do today with silver at $32.5 because so much other currency has been removed. If you strip out the dollar value and start to think in terms of supply of silver V supply paper