every greek behind the unfair goverment is rich we all have our own land, beautiful houses and expensive cars,and evertime we go out we spend lot of money !!!we dont pay we dont own to anyone the banks own not we..greece is a paradise and its not for sale
EU : Murdoch and the 3 big Credit Rating Agencies are asking their Hedge-Fund and Media partners -reporters to put-out a big bet-rumour-scandal against the Euro & Europa to distract all from the News Corp.hacking scandal:only a fabricated economic default or terror attack will distract public opinion from their own hacking scandal, they hope Hedge-Funds & Media betting against Europa will keep Murdoch off the news and away from more Investigation of corruption . financialtools1.blogspot.com
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[Cartman] Weeelllll, Merkel is a bitch! She's a big fat bitch! She's the biggest bitch in the whole wide world! She's a stupid bitch! If there ever was a bitch! She's a bitch to all the boys and girls! On Monday she's a bitch, On Tuesday she's a bitch, On Wednesday thru Saturday she's a bitch! Then on Sunday just to be different, She's a super king kamehameha bi-atch!
(Come on you all know the words!) Have you ever met that Merkel bitch, She's the biggest bitch in the whole wide world! She's a mean old bitch, And she has stupid hair! She's a bitch, bitch, bitch, bitch, bitch, bitch, bitch Bitch, bitch, bitch, bitch, bitch, bitch, bitch, bitch! She's a stupid bitch! (Woo!) Merkel's a bitch And she's such a dirty bitch!(Hey!) Talk to kids around the world. It might go a little bit something like this...
[Sung in 4 different languages by other children] Have you ever met that Merkel bitch, She's the biggest bitch in the whole wide world! She's a mean old bitch, And she has stupid hair! She's a bitch, bitch, bitch, bitch, bitch, bitch, bitch, Bitch, bitch, bitch, bitch, bitch, bitch, bitch, bitch! She's a stupid bitch! Merkel's a bitch, And she's such a dirty bitch! I reeeally mean it, Angela Merkel, she's a big fat, fuckin' bitch! Big, old, fat, fuckin' bitch! Yeahhhhh, Chaaaaa!
@King100Joe Thank you for proving my point! Keep Displaying Just how IGNORANT You Are! You see the US Needs Idiots Like you To remind us How Not to Be! GO USA! BITCH!
What Happen to Commodities? Oil, Cotton, Coffee, Sugar etc.? Where is QE III 4, 5, 6, 7 etc. Why Are bond prices climbing? China is not buying right? Weren't interest rates going to the Moon and the Dollar was going to be collapse and the end of the world was coming? I bet you are all pissed off the Dollar is climbing. Didn't Peter say that Ben was always wrong! Well how wrong is he now?
@King100Joe What A low life staetement! How is the trailer park These days? People like you Think Deliverance was a love story! Squeal!! watch?v=9gLN3QoN-q8&feature=related
@King100Joe Thank you for proving my point! Keep Displaying Just how IGNORANT You Are! You see the US Needs Idiots Like you To remind us How Not to Be! GO USA! BITCH!
I see how the fed is using any excuse to extend QE. First they say that they are concerned about inflation, so they will stop when QE2 ends. Now captain underpants is tweeting that they will buy treasuries to keep rates capped. That is ass backwards. Printing more money is going to further reduce our purchasing power.
Greece could use a laissez-faire revolution right now but unfortunately most people all over the world are just too dumbed down to wake up and go on with their lives oblivious to the reality that they are slaves who have been the illusion of real freedom!
@King100Joe You are the king of Idiots. The dollar is getting stronger, America is slowly getting stronger, I believe in America You don't. You Don't you want the US to collapse! You are Pathetic! GO USA! Take that Bitch!
@angelmtza The fact that someone as ignorant as you thinks that everything will collapse only further proves all my points! FYI My ROI since 2002 has been 494.5%! You Know why? Because I do see "REALITY" You on the other hand are an emotional Bearshitter who thinks his knows everything based on his last emotion. That is why I am a professional and you are NOOB! "Kid"! Now put some more money in your account because I want it!
@Minethis1 Talking is cheap! I put my money where my mouth is and honestly I have seen a lot in many years to be impressed by a loud mouth like you. Go get laid cause you have too much stress and your comments are low for a "professional" like you. These days anybody in youtube is an expert in everything, gimme a break will ya!?!
@angelmtza Lol loved your comment! thumbs up from me. Although his getting laid won't solve the problem with the crap he keeps communicating in every video that happens to come his way. (he's really leaving a hell of a load of crap in my uploads). I suggested that Mr know-it-all-loudmouth-bullshitter focus on his country (Tanzania as he claims :P) which needs his... "wisdom" and let others worry about theirs.
@vasoula2908 Hahaha! Thank you for your comment. To be honest I was getting tired of this guy wasting my time and also other people's. Sometimes I wonder if he works for the govt. I think he got tired of trolling at least for the moment. Looks like getting laid finally calmed his nerves. I totally agree someone in another place (hopefully Mars) needs his fine advice and (doubtful) talents. Greetings!
@angelmtza Lol, his getting laid (IF he did) didn't do the trick. I blocked him and he came back with a vengeance (with another account). I blocked him again. One thing I'm not tolerant with anymore, is the systemic idiots who think they can debunk with fake arguments, somebody's effort to inform.
@vasoula2908 Oh come on! I can't believe it, what is he 15 y/o or what? Why don't you report his account, maybe youtube can do something about him. Good luck girl!
@Minethis1 It's not America you're rooting for, but the globalits, you pathetic NWO cronie! It's a good thing you didn't give me your bull crap in Greek, because you're no Greek in any way, shape or form. No, I would't burn you at the stake like some people would love to see happen to you. I'd put you out on display as the typical example of humanitys traitor. An example to be avoided at any cost! Change your place of origin to "Hell", because you're not doing Tanzanians any favors.
@vasoula2908 Clearly you are one of those people who is deeply emotional disturbed and fears the boogie man. Every time there is a recession History has always shown that people like you come out of the wood works claiming that this is it. The End is near and Jesus is coming. You want to " burn people at the stake" because your weak thesis is wrong and you can't deal with it. I leave you with this. Greeks can not retire at 52 have full health-care and all work for the Gov. These are Facts!
there is no way that greeks will accept austerity. they want services and dont want to pay for them, go to any greek diner talk to the manager and they will tell you what will happen.
Out of curiosity, since the Fed already buys short-term treasuries in FOMC operations, what is necessarily worse about buying longer-term treasuries? I'm guessing it'll lead to Zimbabwe time, but I'm not sure why.
Holy smokes, I didn't understand the significance of Operation Twist 2 until now (Peter explains things more in easier-to-understand terms than Zero Hedge). That is so much more horrifying than QE2.
The EU like the USA has been hijacked by a well organized neocon group:they claim to be EU or USA but they are really extreme neocons shorting (betting against ) the EU and the USA, to profit from cheaper bankrupt assets and take away to their own markets the investment community , and to crash the christian society, the eternal vengeance that justifies their stealing , shame ! but I also blame my own christian community, too self-centered, arrogant and stupid to see it, shame ! PEACE .
Otherwise Restructuring would be called Defaulting.
IE If your Grand mother had Testicles she would have been your Grandfather. But She doesn't! Thus she is your Grandmother!
Funny how many Idiot Americans want their country to Default! Are they True Americans? Nope! But they rap themselves around the American Flag! Pathetic!!
The Credit Rating Agencies gave AAA ratings to junk derivatives ,junk mortgages, sliced CDO,CDS and Sovereign Debt, they also pushed Greece,Portugal and Ireland to take huge loans knowing that rates were going to go up like crazy.We need a full list of all the intermediaries,advisers, lawyers and bankers that fabricated this mess and made hundreds of millions of Euros in the process. But they and the Hedge-Funds, the profiteers, never get mentioned in the EU media, why ?
@financialtools1 The Greek government was happy to take those irresponsible loans from the financial gangs that you seem to be putting the blame on. They took the money because they wanted to continue the game of spending money and accumulating debt and boasting to the Greek people to be reelected. Typical politics: create a mirage to gain power now and deal with the resulting mess later. My point is that the Greek government is just as much to blame for creating the problem.
@electroplate greek government is to blame for the problem. they want bailout and that increases only the debt even more to a place where it will NEVER be paid. and who's gonna suffer? the greek ppl and their children and so on.
Peter, you have no idea how much communism is in Europe. ANY major business deal is brokered through the government top brass in almost any country. Our prime minister a few days ago got recorded secretly bragging about deals they make with foreign governments on behalf of business (either "publicly" owned or private). Wait let me restate that - it is fascism. Nothing gets done or moved without the government involvement in EU. You'd be surprised to know how much this is true for China as well.
Section 742(a) of the Dodd-Frank Act prohibits anyone "from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis."
people take a look at the movie THE MONEY MASTERS .. it will blow your mind !!
It covers the history of fractional-reserve banking, central banking, monetary policy, the bond market, and the Federal Reserve System in the United States.. the sistem that is coming to EU... wake up people !!
Ultimately the Euro is bust long term. Just like the Dollar and perhaps several other major fiat currencies. If you have been waiting to increase your silver and gold holdings - wait no longer. QE3 will almost gaurentee that gold will go much higher. In fact, gold is now the ONLY currency that will shine in the coming future. Gold is the choice for the elites. That is all you need to know. If gold was such a bad play, why are the big fish loading up???
I am so glad there are some people in this world that call a spade a spade. I love his analogies. Keeping the lookout for the chickens that are soon coming home.
@blythebaby777 So? Markets were also booming in 2006, that didn't mean the economy was sound. Even if you take the government stats as facts, you'd have to concede the economy is not recovering, rather it is in a bubble.
@blythebaby777 There is no GRAND event... it's a slow, ongoing decline. The only way for an extremely rapid collapse (over days or hours instead of years) would be for the ultra-rich in America to accept death by stoning for themselves and their families. Even if large-scale protests and even riots begin in America it will still take many months for a full collapse to occur.
Can anyone tell me what is going to happen to the price of gold after July 15th? I heard that due to the Dobb-Frank Bill you can no longer trade precious metals over-the-counter. If so, then who/how is the price of gold, silver or whatever determined?
It's amazing how history repeats itself without any lessons learned......Weimar, Argentina, Spain, Zimbabwe......and soon coming to a country near you......the EU zone and America.
What Greece is doing to extorting bail-outs out of the Eurozone. Over the long term, political unrest will continue in Greece, leaving the government there in frequent turmoil. At a certain point, I suspect that Portugal, Spain, and Ireland will make similar efforts to secure further bailouts. The growing unrest in Europe will leave them easy prey to Russia, which has enormous reserves of hard currencies like gold. Russia will emerge as the stronger economy in Europe.
Greece and the US are different because the Greeks are not drinking fluoridated water. The Greek people are fully aware how the banks screwed them and thus aren't going to allow austerity without a bloody revolution. So the only way they'll bail out Greece is if they do it WITHOUT austerity. I doubt that will happen. A default seems inevitable. And when that happens, we'll see a chain reaction starting with the EU nations, and then the US, and then Asia. Global meltdown like we've never seen.
The Federal Reserve as ''Federal'' as Federal Express will never allow the US to default and since the politicians are controlled like puppets by these banksters they will always vote to raise the debt ceiling and do other tricks. What will the ''Owe''bama buck buy you in the future is the real question. I left America and now live in Germany (much better country). I see less and less Americans every month travelling (thank God) because the country is going bankrupt.
@YOUAREdelusionall say the bread company is having trouble paying back loans, maybe the guy who owns it is, so he has to lay off a few guys, and then they make 100 less loafs, the demand is now higher than the produce, or say a farm or 100 goes bust, and the bread companys need the same or more flour the price will go up because there is a shortfall, what your saying makes perfect sence, but if you was a farmer who had all his money invested in the wheat he was growing, would you want 2 0's togo
@rjthomas23 No the FOMC sets the fed fund rate which is currently at 0-1/4% which means banks can borrow freely and create inflation. QE buys Ten year Tbills and lowers the interest rate on those they do this because the housing market follows the 10 & 30 year bonds interest rate as a standard to set interest rate on the mortages. So lowering the rates stimulates the house market by making loans cheaper, its like an artifiaciall stimulus that will eventually cause even more inflation.
CHRIST Is COMING! The WAR Of GOG And MAGOG!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
MIDDLE EAST TENSIONS / 116 DEAD El Paso Texas / Nebraska Nuclear Meltdown? VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes.
Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
- Napoléon Bonaparte
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
if we tighten our belts and stop all entitlements what are you going to do with all the people who will be out of work and have no money for food and shelter?
@marniespeaks It's not complicated. A society free from government meddling will generally be much more prosperous. The resulting prosperity will allow those that have to give to those that are in need voluntarily, without government force or coercion. Do you believe that humanity is generally good? Or do you believe that only the government can make people do good by stealing and then handing out the loot?
@marniespeaks If the majority of humans are not good, then wouldn't we be killing each other on the streets? The majority of humans are good, and no, there is no such thing as human nature. The problem is our socioeconomic system that needs to changed from the current system we are living in. That is what is causing the ills of the world, not people being "inherently" bad.
@marniespeaks That is because of our socioeconomic system. Regardless of us being in a "more prosperous" economy like that guy electroplate advocates, to socialism, or any "ism", as long as we have a market and money system that inherently creates scarcity, rewards selfishness, and where social classes are built into the system, there will always be violence, greed, inequality, ext... Again, it is not human nature. If human nature were so concrete we would still be living in the stone ages.
@benandreas369 Obama deciding to bomb Libya is a result of our socioeconomic system? I'd be really interested to hear your explanation for that.
Also, think for a moment about the concept of scarcity, which you said is created by the market system. Scarcity means that there's a limited amount of stuff to go around to everyone that wants it. People always want more than they have. Do you think that will disappear, regardless of what system we have? Think about it on a personal level.
@electroplate 1. Economically, Obama gets money from weapon's corporations, so by bombing Libya, that help's his funding for campaigning. Socially, what is Obama going to be charged with because he bombed Libya? Nothing! Not only is he not going to be punished, but he get's rewarded economically, and socially by his fellow peers... that is a social disorder right there.
2. "People always want more than they have". Depends on what culture you live in.
@electroplate "People always want more than they have". In this system, it is built in. For instance, advertising is a great example of indoctrinating people into buying things they do not need... We are raised as children into a culture of wants. You make it seem that as children, it is "natural" of us to want more things that what we have. That is sheer non-sense. It is the system we are raised into to. Overall, it is a value system disorder. Thanks to money and markets!
@benandreas369 So if we lived in a system where scarcity does not exist, but abundance exists throughout the world, and people's needs are met, want's would not exist. It would be an entirely different system. I am thinking about this on a personal level.
@benandreas369 There's a massive gap in your explanation about how your ideal society can be achieved. How do you suppose we live in a system where scarcity doesn't exist? Who will create the abundance? Who decides when people's needs are met? What if someone steps outside the box and desires more? Unfortunately, I'm guessing that your answers will have something to do with a central government force making these decisions for the masses. I'm not interested in signing up for that program.
@benandreas369 Your view seems to be that advertisements have complete control and power over people. Should ads be banned for our own good because we're too stupid to resist their subversive messages? You're not thinking about it on a personal level. How is it that you escape the advertisements while everyone else falls prey? Do you own a computer? Go to restaurants? Buy clothes? If yes, how did you make the decision about where to spend your money. You're a willing participant in the system.
@electroplate No, but thx for the assumption. For instance, do we as children have a choice to get christmas presents or b-day presents? The same can be said for the market/ money system. Do I really have a choice as to whether to buy food or buy clothes? Buy a house? The things I need in life I need to buy, and that is voluntary? I voluntereed to pay for my survival? I escaped advertisements because I WOKE up. I acquired knowledge, realized there is a better system out there. RBE man!
@electroplate I do appreciate our civil debate. It is good to know that there are people out there who can disagree w/ one's views, but do it in a respectful way. People do not realize that we have the technology to create an abundance for everyone, and to realize that many ills of the world is because of the money/ market system that we live in. If you think about on a personal lvl, many problems we have is because of money/ markets. Our culture is developed around this system. We can change
@electroplate We can create an abundance for everyone, using the scientific method for social concern, but money and markets creates scarcity, thus there can be no abundance for everyone. Social classes are created, leads to inequality, inequality leads to violence. Higher social classes have more power to resources, land, and are rewarded for some violent behaviors. 1 billion ppl are starving in this world, and yet, we have ppl advocating the money/ market system? That is a social disorder...
Those starving people are people who never would have survived infancy in the pre 'money/market' system. You cant look at a situation and make judgements with no context of what came before it.
Furthermore, those starving people are for the most part living in countrys that DO NOT HAVE our economic system. Your trying to disprove capitalism by pointing out how awful people are living in countrys that dont have capitalism.
@Equity213 I use to have your thinking. The thought that Capitalism is the best system out there. In actuality, Capitalism is the most inefficient system created. It is based upon an infinite growth paradigm( accelerated consumption), gives incentive to greed, and put's profit before human health... Actually, that is every economic system we are living in. It is time to move beyond that. Do some more research instead of being an advocate of a very, very flawed system.
You are advocating a system that will make everyone poor.. It's not the free market that's responsible for the crisis.. I think that's obivous by now if you understand anything.
@xMaXiMuSx Kind of sad that you specifically did not say what system I am advocating. Thx for the assumption. (Socialism was probably your assumption right?) I think if YOU woke up and realize that we have the technology to create abundance using science and actually ECONOMIZING, instead of living in a very flawed system. Planned obsolescence, scarcity, income inequality, social value disorders... you can thank the market/ money system for that... Do your hw boy. Free Market= INEFFICIENT.
@xMaXiMuSx Thanks for assuming, again. Not once did I mention anything specific about peak oil or central planning. Central planning still has scarcity involved, at least when there are prices which create scarcity. Plus, if you notice that the rate of consumption going up every year, we are living in an infinite growth pardigm. The more cosumption we have, the more necessity we need for our earths resources... which means that the system we live in, being sustainable is inverse to econ growth..
@xMaXiMuSx Any market/ money system is extremely flawed and outdated. The logic of GDP (worldwide measurement for "prosperity") increasing also creates more prosperity is just sheer non-sense. The GDP of healthcare increasing over a year's time means that there is more prosperity? So having more people getting sick, dieing, and in the hospital creates more prosperity? So bombing more countries and increasing the GDP that way, creates more prosperity? We live in money sequence of value
No.. but that has nothing to with the market.. Bombing a country is called bombing a country.. it has nothing to do with the market/money system.. You can bomb a country without having a market/money system. People dying in hospital means you have a flawed system of taking care of people(do you want goverment running this or a market type system?).. Nothing to do with the market.. and yeah the GDP doesn't mean anything..
@xMaXiMuSx With bombing a country, yes, it has a lot do with the market. The more bombs that are made and sent out to other countries, the more money our corporations make, and the more jobs are created... You have very flawed logic my friend. Any corporation or company or money, has EVERYTHING to do with a market. If we took care of ppl w/ a market system, we can't take care of everyone.. scarcity is built into the market/ money system. Free markets put profit b4 human concern toon.
lol you have some funny logic.. Bombing a country is a naitonal security issue, it has nothing to do with market.. The military industrial complex is not a free market, it's heavily subsidized with stolen tax payer money..
@xMaXiMuSx I never said the MIC is part of the free market. I said it is part of a market. Stop putting words in my mouth. Thank you. Oh, I like how you never came back at me about healthcare or other social issues I addressed. Do you hw. Thank you.
@benandreas369 "Any market/ money system is extremely..... The logic of GDP"
Logically flawed. First, progression from the general to the specific. Beginning with "any" requires continuing with a discussion of "all", not just one specific instance.
Then conflation of "measurement of a system" with the "system" ( the definition of "system" is unclear ). The US, China, and Russia all have a GDP. Do they all have the same "system"?
@jeffiek No, but they all have money, and they all have markets. Scarcity is inherent in the system... Inequality, violence, greed, are all built in, no matter how different the Chinese, Russians, or any other country, they all use money and have a market. Am I wrong about that? In addition, the chinese, russians, and the U.S. use the money sequence of value, not life sequence of value... time to get of money sequences, which the ills of our world, to a life sequence of values. Peace.
@benandreas369 They all have people and homes too. Inequality, violence, greed, are all built in, no matter how different the Chinese, Russians, or any other country, they all have people and homes. Am I wrong about that?
Get the point? Stringing words together into a sentence doesn't constitute rational, logical thought.
@jeffiek No, you are right about that. I am glad we agree on that! I'm not stringing words together... just using rational and logical thought. I am going what we consider in our society "out of the box", when really, it is common logic. Sure, the Chinese and Russions have homes, but how come we have homeless people? 1 billion ppl starving a day? Again, I am just telling you the flaws of our system, and instead of solving the root of the problems, we are just dealing w/ the symptoms.... Peace.
Issues such as poverty, corruption, collapse, homelessness, war, starvation and the like appear to be "Symptoms" born out of an outdated social structure. Again, we are living in a money sequence of value over a life sequence of value... we are living in a social disorder... There is a better way out of it, I have done the research, but it is up to you to find out for yourself. Peace out for real this time.
@benandreas369 Even so, the ability to perform heart transplants is clearly better than not being able to perform them. Any measure that reflects more heart transplants is *good* - people are not needlessly dying.
Blowing things up destroys prosperity, any measure that reflects more bomb building is *bad*.
This is clearly contradictory and renders the GDP meaningless. Using a meaningless statistic to counter a "system" is nonsense. Even if the "system" itself is nonsense.
@jeffiek Blowing things up destroys prosperity for one country, but benefits anothers, Iraq for example. Been bombing them for years, now we use our corporations to build into their country. On the contrary we are not able to give heart transplants for people who do not have money, at least in a money/ market system. So yeah, we have the ability to perform heart transplants, but the fact that you need money to have your heart transplant shows profit over human well-being. Money sequence for u.
@electroplate Sure, I can choose to work where I please, but is the new place I work at much different than the previous workplace? In addition, I have to be a particitpant in this system because we all have needs. Our values have changed from needs to wants. I used advertising as one symptom of the money/market system, in which it tells people to buy things they want, not need. I escaped because I did my research, something you obviously have not done, since "free markets" will save us.
@marniespeaks Ok, you believe humanity is generally evil. In that case, you must believe that those people in government represent the best part of humanity? Only the wise and benevolent government workers, using force, can take care of all the problems you mentioned? Why do you believe they're good and the rest of humanity is evil? History and life every day has shown that to be wrong. Every day we see examples of governments abusing power.
@marniespeaks I didn't answer your questions because you didn't ask them with the intention of receiving an answer. "What will you do with all the dead bodies?" You actually expected an answer to that? Unfortunately, we have dead bodies every day because of the concept of mortality. However, we can reduce and limit the dead bodies by living in a society in which we're free to cooperate and work together. Government power interferes with that freedom and actually causes most of dead bodies.
@electroplate these things matter - you can't have bodies laying around who's going to take care of them if the dollar's no good? you think people will work for free? how do you plan on making either the transition or paying for the service? or are you gonna bury grandma in the back yard or toss her in the building furnaces? these are particle issues what about water & sewer who is going to do this? who is going to pay? you think if the dollar collapses everyone will have new jobs tomorrow?
@YOUAREdelusionall you are delusional. Become a dairy farmer and try to feed your stock. Input prices go up as well. Utterly myopic. Are you 10 years old?
If the Federal Reserve stops monetizing the debt and the federal government spends less because of high interest rates on servicing the debt, will that make gold and silver decline?
There is so much blame to go around in the Greek situation it amazes me. First off, anyone who loaned to Greece deserves nothing. The Greeks have no ability to pay these debts and it was obvious. 2nd, The EU. The only way the citizens of the member states agreed to join this union was to promise them benefits that Greeks never had and couldn't afford. 3rd, The Greek people, They didn't earn the benefits they expect. Greece should default and get out of the EU.
@rmstorms I'm fine with the creditors being repaid so long as they march around government with liens and writs of garnishment/attachment seizing all the property of those responsible for taking on the debt.
@rmstorms True. But you can't simply get out of the EU. I was in Italy recently and I exchanged British sterling to EU. I wanted to exchange £100. I should have got 113 EUR but they gave me 85 EUR because they took a whopping 25% commission. I lost money instead. Most of the country takes that amount. The Euro has destroyed countries and you can not just simply get out of it. It has geopolitical complications. Too many countries can't use one currency. It devalues then destroys the economy.
Thanks for getting back to financial insights and less infomercials. Also, thanks for great improvement on audio - better microphone, engineer or recording system.
Now someone wants you to improve video lighting and backdrop. Make take a look at other successful talking heads and work on that.
Always appreciate your sound advise and insights. There's plenty happening without you resorting to using YouTube as an advertisement for Euro Pacific.
@YOUAREdelusionall haha, factor in the inflation on the wheat, milk, salt, and what ever else goes into bread, you would make the same if not less lol.
the recent bio-germ-warfare attack on germany plays a huge role in this. if you're not factoring this in, you're missing a giant piece of the global jigsaw puzzle. there's a giant war behind the scenes as the titanic is sinking. control over whatever real wealth and resources are left is the name of the game. remember what's going on in libya (all the gold, oil and water, strategic control of location). end game there is dominion over iran & whole region. asia got the rad-attack. EU got kahn'd.
This July 4th, activists are asking the American people to stay home; engage in no celebratory activities, no barbecues, parties or parades, because IN FACT THIS DEMOCRATIC REPUBLIC IS DEAD. Indiana Supreme Court and US Supreme court decisions have all but eliminated the 4th amendment, and the Patriot Act, which Obama signed has all but suspended the constitution indefinitely. We are now formally a police state. Please spread the word, end the farce. Stay home July 4th.
Peter, if I were you I would be disturbed that you are featured on "PrisonPlanet Forum". It seems like legions of shady gold dealers and survivalist merchants are growing up around you like weeds. NIA is just the biggest one.
Are we kicking the can down the road? There is a discussion of debt doubling at Death by Debt that suggests that there is no way to sustain the acceleration of debt doubling we have seen in the last few decades, and that the economy depends on this increased debt to sustain growth. What is your take on this, and what do commentors think?
Another thing is that Merkel's and Sarkozy determination will be worth nothing if Greeks decide to take down their government. They are completely capable of doing that.
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every greek behind the unfair goverment is rich we all have our own land, beautiful houses and expensive cars,and evertime we go out we spend lot of money !!!we dont pay we dont own to anyone the banks own not we..greece is a paradise and its not for sale
WE DONT SELL SE DONT PAY
LOVE FROM GREECE THE LAND OF BEAUTY AND GODS
GERMANS ARE WAR DOGS
fuji091 4 weeks ago
Gamo tin vromiara poutana tin merkel :@
4LLeY 7 months ago
Hahahaha treasury bonds on a triple A rating... oh boy.
SMWhit3out 7 months ago
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EU : Murdoch and the 3 big Credit Rating Agencies are asking their Hedge-Fund and Media partners -reporters to put-out a big bet-rumour-scandal against the Euro & Europa to distract all from the News Corp.hacking scandal:only a fabricated economic default or terror attack will distract public opinion from their own hacking scandal, they hope Hedge-Funds & Media betting against Europa will keep Murdoch off the news and away from more Investigation of corruption . financialtools1.blogspot.com
financialtools1 7 months ago
Do you know what the Futures markets are? Like Gold, Oil, and all Currencies? Well guess what, they are all controlled by a computer program, they do not trade, rather they are 100% controlled in advance by a computer. I'm a scientist and discovered this 4 years ago, and now I teach this "code" for these markets, allowing you to take trades using this code and have up to a 90% accuracy rate, allowing you to make $200 to $5,000 per day!Google OIL TRADING ACADEMY to learn more. NO SCAM! 100% REAL!
baningkoy 8 months ago
Many countries have defaulted since the late 1990's:
Russia, Argentina & now Egypt too.
A default of a gevernment is like of a private debtor in the USA, who then gets a new set of credit cards and goes back to the shopping frenzy.
The ONLY manner to deeply educate Governments & publics(i.e. Unions) NOT to borrow is generations-long deep Austerity.
zofe 8 months ago
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zofe 8 months ago
AAA on Treasuries is like calling the Titanic safe and secure. Hey, it is unTHINKable and we don't need no stinking life boats mon.
seobro 8 months ago
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check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
NewbWorksDwarven 8 months ago
@King100Joe Go Buy Some Gold its going to$10,000! Racist low life.
CitizenNumber 8 months ago
Nixon speech 1971 (about "international money speculators")
watch?v=iRzr1QU6K1o
vorbeigehende 8 months ago
Ron Paul 2012, spread the word and help get the sheep informed.
lespauljr2005 8 months ago 2
Peter... Will you marry my mother-in-law?
osnap757 8 months ago
euheide 8 months ago
euheide 8 months ago
euheide 8 months ago
@King100Joe Squeal!! Racist low life.
CitizenNumber 8 months ago
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@King100Joe Thank you for proving my point! Keep Displaying Just how IGNORANT You Are! You see the US Needs Idiots Like you To remind us How Not to Be! GO USA! BITCH!
Minethis1 8 months ago
What Happen to Commodities? Oil, Cotton, Coffee, Sugar etc.? Where is QE III 4, 5, 6, 7 etc. Why Are bond prices climbing? China is not buying right? Weren't interest rates going to the Moon and the Dollar was going to be collapse and the end of the world was coming? I bet you are all pissed off the Dollar is climbing. Didn't Peter say that Ben was always wrong! Well how wrong is he now?
CitizenNumber 8 months ago
@King100Joe What A low life staetement! How is the trailer park These days? People like you Think Deliverance was a love story! Squeal!! watch?v=9gLN3QoN-q8&feature=related
CitizenNumber 8 months ago
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@King100Joe Thank you for proving my point! Keep Displaying Just how IGNORANT You Are! You see the US Needs Idiots Like you To remind us How Not to Be! GO USA! BITCH!
Minethis1 8 months ago 4
I see how the fed is using any excuse to extend QE. First they say that they are concerned about inflation, so they will stop when QE2 ends. Now captain underpants is tweeting that they will buy treasuries to keep rates capped. That is ass backwards. Printing more money is going to further reduce our purchasing power.
TheScoutsHonor 8 months ago
Greece could use a laissez-faire revolution right now but unfortunately most people all over the world are just too dumbed down to wake up and go on with their lives oblivious to the reality that they are slaves who have been the illusion of real freedom!
rebelq1 8 months ago
Why is the US gold reserves not being audited since Eisenhouwer was president ?
Why is the FED hostile to auditing there books ?
Why is Goldman Sachs allowed to profit from QE ?
jasan2121 8 months ago
Americans and global investors need to ask questions about the US economy like:
How much bad debt does the US banks have on there balance sheet ?
What kind of assets are the FED sitting on ?
What is the real negative interest rate in the US ?
How big are the off balance liabilities of Fannie Mae, Freddie Mac and AIG ?
What kinds of guarantees are the government giving to the financial sector in late 2008 ?
How much are they guaranteeing ?
How will US government pay when redemption comes ?
jasan2121 8 months ago
@King100Joe You are the king of Idiots. The dollar is getting stronger, America is slowly getting stronger, I believe in America You don't. You Don't you want the US to collapse! You are Pathetic! GO USA! Take that Bitch!
Minethis1 8 months ago
@Minethis1 You're in denial kid and your lack of focus in reality will cause you to lose a lot of dough!
angelmtza 8 months ago
@angelmtza The fact that someone as ignorant as you thinks that everything will collapse only further proves all my points! FYI My ROI since 2002 has been 494.5%! You Know why? Because I do see "REALITY" You on the other hand are an emotional Bearshitter who thinks his knows everything based on his last emotion. That is why I am a professional and you are NOOB! "Kid"! Now put some more money in your account because I want it!
Minethis1 8 months ago
@Minethis1 Talking is cheap! I put my money where my mouth is and honestly I have seen a lot in many years to be impressed by a loud mouth like you. Go get laid cause you have too much stress and your comments are low for a "professional" like you. These days anybody in youtube is an expert in everything, gimme a break will ya!?!
angelmtza 8 months ago
@angelmtza What a snappy come back! Wow! That hurt! Only Youtube Expert here is you Noob!
Minethis1 8 months ago
@angelmtza Lol loved your comment! thumbs up from me. Although his getting laid won't solve the problem with the crap he keeps communicating in every video that happens to come his way. (he's really leaving a hell of a load of crap in my uploads). I suggested that Mr know-it-all-loudmouth-bullshitter focus on his country (Tanzania as he claims :P) which needs his... "wisdom" and let others worry about theirs.
vasoula2908 7 months ago
@vasoula2908 Hahaha! Thank you for your comment. To be honest I was getting tired of this guy wasting my time and also other people's. Sometimes I wonder if he works for the govt. I think he got tired of trolling at least for the moment. Looks like getting laid finally calmed his nerves. I totally agree someone in another place (hopefully Mars) needs his fine advice and (doubtful) talents. Greetings!
angelmtza 7 months ago
@angelmtza Lol, his getting laid (IF he did) didn't do the trick. I blocked him and he came back with a vengeance (with another account). I blocked him again. One thing I'm not tolerant with anymore, is the systemic idiots who think they can debunk with fake arguments, somebody's effort to inform.
vasoula2908 7 months ago
@vasoula2908 Oh come on! I can't believe it, what is he 15 y/o or what? Why don't you report his account, maybe youtube can do something about him. Good luck girl!
angelmtza 7 months ago
@Minethis1 It's not America you're rooting for, but the globalits, you pathetic NWO cronie! It's a good thing you didn't give me your bull crap in Greek, because you're no Greek in any way, shape or form. No, I would't burn you at the stake like some people would love to see happen to you. I'd put you out on display as the typical example of humanitys traitor. An example to be avoided at any cost! Change your place of origin to "Hell", because you're not doing Tanzanians any favors.
vasoula2908 7 months ago
@vasoula2908 Clearly you are one of those people who is deeply emotional disturbed and fears the boogie man. Every time there is a recession History has always shown that people like you come out of the wood works claiming that this is it. The End is near and Jesus is coming. You want to " burn people at the stake" because your weak thesis is wrong and you can't deal with it. I leave you with this. Greeks can not retire at 52 have full health-care and all work for the Gov. These are Facts!
Minethis1 7 months ago
The fed won't last much longer, unless Americans like being slaves.
WAKE THE HELL UP AMERICA! --- Join the Revolution
-
Read “Common Sense 3.1” at ( revolution2.osixs.org )
-
We don’t have to live like this anymore. "Spread the News"
MorpheusX001 8 months ago
I think Pete drinks a fifth of Jack before making these vids.
MotionPictureScions 8 months ago
@King100Joe lol
MotionPictureScions 8 months ago
there is no way that greeks will accept austerity. they want services and dont want to pay for them, go to any greek diner talk to the manager and they will tell you what will happen.
krillin876 8 months ago
Out of curiosity, since the Fed already buys short-term treasuries in FOMC operations, what is necessarily worse about buying longer-term treasuries? I'm guessing it'll lead to Zimbabwe time, but I'm not sure why.
ForbiddenStallion 8 months ago
Holy smokes, I didn't understand the significance of Operation Twist 2 until now (Peter explains things more in easier-to-understand terms than Zero Hedge). That is so much more horrifying than QE2.
ForbiddenStallion 8 months ago
The EU like the USA has been hijacked by a well organized neocon group:they claim to be EU or USA but they are really extreme neocons shorting (betting against ) the EU and the USA, to profit from cheaper bankrupt assets and take away to their own markets the investment community , and to crash the christian society, the eternal vengeance that justifies their stealing , shame ! but I also blame my own christian community, too self-centered, arrogant and stupid to see it, shame ! PEACE .
financialtools1 8 months ago
★★★★★ support to Peter! Happy SCALPING on Forex to all fellow traders
freeSCALPINGindicato 8 months ago 2
It's a bunch artificial odious bullshit debt anyway, so who cares?
You're Not In Kansas Anymore... But if you want to become surety for a stranger, you will smart for it.
qui3tude 8 months ago
Defaulting is Defaulting.
Restructuring is Restructuring.
Restructuring is NOT! Defaulting!
Otherwise Restructuring would be called Defaulting.
IE If your Grand mother had Testicles she would have been your Grandfather. But She doesn't! Thus she is your Grandmother!
Funny how many Idiot Americans want their country to Default! Are they True Americans? Nope! But they rap themselves around the American Flag! Pathetic!!
Minethis1 8 months ago
@Minethis1 ROFLMAO! True! True!
XESTISS 8 months ago
Government caused this. Socialist could bankrupt a lemonade stand. They know nothing about nothing. They only know how to steal freedom.
sexydarin1 8 months ago
The Credit Rating Agencies gave AAA ratings to junk derivatives ,junk mortgages, sliced CDO,CDS and Sovereign Debt, they also pushed Greece,Portugal and Ireland to take huge loans knowing that rates were going to go up like crazy.We need a full list of all the intermediaries,advisers, lawyers and bankers that fabricated this mess and made hundreds of millions of Euros in the process. But they and the Hedge-Funds, the profiteers, never get mentioned in the EU media, why ?
financialtools1 8 months ago
@financialtools1 The Greek government was happy to take those irresponsible loans from the financial gangs that you seem to be putting the blame on. They took the money because they wanted to continue the game of spending money and accumulating debt and boasting to the Greek people to be reelected. Typical politics: create a mirage to gain power now and deal with the resulting mess later. My point is that the Greek government is just as much to blame for creating the problem.
electroplate 8 months ago
@electroplate greek government is to blame for the problem. they want bailout and that increases only the debt even more to a place where it will NEVER be paid. and who's gonna suffer? the greek ppl and their children and so on.
byJessCh 8 months ago
You're so right... It's amazing how there're still people out there who deny the truth about the macro economics today.
AlexNOSAM 8 months ago
Europe: if the US is gonna print, then were gonna print too!!!
domainestickem 8 months ago
Peter, you have no idea how much communism is in Europe. ANY major business deal is brokered through the government top brass in almost any country. Our prime minister a few days ago got recorded secretly bragging about deals they make with foreign governments on behalf of business (either "publicly" owned or private). Wait let me restate that - it is fascism. Nothing gets done or moved without the government involvement in EU. You'd be surprised to know how much this is true for China as well.
grumpone 8 months ago
Who doest like this video ? And why ? It's informative who the hell doesn't want the truth ?
lealakota 8 months ago
@lealakota 95% of Americans don't want the truth
kevreilly7 8 months ago
Hey Peter, What do you think about this?
Section 742(a) of the Dodd-Frank Act prohibits anyone "from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis."
seanncali 8 months ago
Bailing countries out,is against the EU own rules.
Also they have to have their 'books checked' before they join.These were obviously fiddled.Where's the prosecutions,of the banks and politicians?
express375 8 months ago
people take a look at the movie THE MONEY MASTERS .. it will blow your mind !!
It covers the history of fractional-reserve banking, central banking, monetary policy, the bond market, and the Federal Reserve System in the United States.. the sistem that is coming to EU... wake up people !!
B4audi 8 months ago
Ultimately the Euro is bust long term. Just like the Dollar and perhaps several other major fiat currencies. If you have been waiting to increase your silver and gold holdings - wait no longer. QE3 will almost gaurentee that gold will go much higher. In fact, gold is now the ONLY currency that will shine in the coming future. Gold is the choice for the elites. That is all you need to know. If gold was such a bad play, why are the big fish loading up???
clearasvodka 8 months ago
Gospel Peter, genuine gospel. You are my doze of sanity,
anti-sharia
antisharia 8 months ago
I am so glad there are some people in this world that call a spade a spade. I love his analogies. Keeping the lookout for the chickens that are soon coming home.
2100v 8 months ago
@blythebaby777 So? Markets were also booming in 2006, that didn't mean the economy was sound. Even if you take the government stats as facts, you'd have to concede the economy is not recovering, rather it is in a bubble.
Mofostrobujo 8 months ago
Good Info
Ramsoondar 8 months ago
When is the GRAND event/collapse coming? It has been 4 years. Ready to call it a recovery? My area is absolutely booming!
blythebaby777 8 months ago
@blythebaby777 There is no GRAND event... it's a slow, ongoing decline. The only way for an extremely rapid collapse (over days or hours instead of years) would be for the ultra-rich in America to accept death by stoning for themselves and their families. Even if large-scale protests and even riots begin in America it will still take many months for a full collapse to occur.
tonybravada 8 months ago
Can anyone tell me what is going to happen to the price of gold after July 15th? I heard that due to the Dobb-Frank Bill you can no longer trade precious metals over-the-counter. If so, then who/how is the price of gold, silver or whatever determined?
LivingAboveCloud9 8 months ago
Sure makes sense to me
1newdennis 8 months ago
It's amazing how history repeats itself without any lessons learned......Weimar, Argentina, Spain, Zimbabwe......and soon coming to a country near you......the EU zone and America.
notpcone 8 months ago
What Greece is doing to extorting bail-outs out of the Eurozone. Over the long term, political unrest will continue in Greece, leaving the government there in frequent turmoil. At a certain point, I suspect that Portugal, Spain, and Ireland will make similar efforts to secure further bailouts. The growing unrest in Europe will leave them easy prey to Russia, which has enormous reserves of hard currencies like gold. Russia will emerge as the stronger economy in Europe.
bearmare 8 months ago
Every freakin' central bank in the west is printing money. The Banksters are on a roll.
At least the Greek people want to cut loose the ECB and go back to a gold backed drachma.
jibbi4one 8 months ago
Greece and the US are different because the Greeks are not drinking fluoridated water. The Greek people are fully aware how the banks screwed them and thus aren't going to allow austerity without a bloody revolution. So the only way they'll bail out Greece is if they do it WITHOUT austerity. I doubt that will happen. A default seems inevitable. And when that happens, we'll see a chain reaction starting with the EU nations, and then the US, and then Asia. Global meltdown like we've never seen.
seanlaca 8 months ago
"None of it is real. All of it is an illusion."
n66178 8 months ago
Printing IS defaulting.
n66178 8 months ago
what a diaster. this is what socialism brings. outrageous.
usaeagle1776 8 months ago
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usaeagle1776 8 months ago
The Federal Reserve as ''Federal'' as Federal Express will never allow the US to default and since the politicians are controlled like puppets by these banksters they will always vote to raise the debt ceiling and do other tricks. What will the ''Owe''bama buck buy you in the future is the real question. I left America and now live in Germany (much better country). I see less and less Americans every month travelling (thank God) because the country is going bankrupt.
msungs 8 months ago
@YOUAREdelusionall say the bread company is having trouble paying back loans, maybe the guy who owns it is, so he has to lay off a few guys, and then they make 100 less loafs, the demand is now higher than the produce, or say a farm or 100 goes bust, and the bread companys need the same or more flour the price will go up because there is a shortfall, what your saying makes perfect sence, but if you was a farmer who had all his money invested in the wheat he was growing, would you want 2 0's togo
MrLukedanger 8 months ago
thanks peter nice work
winner502 8 months ago
Thanks Peter Schiff , can't wait till you blog again!
51czechmate 8 months ago
I feel sorry for Germany it had so much potential to compete with china on high quality exporting.
jezza1789 8 months ago
@jezza1789 -Germany has the highest percentage of exports, and least % of imports.
wolfgangfaust 8 months ago
@wolfgangfaust Yeah hats gonna change as the Greeks take the Germans down by destroying the Euro.
jezza1789 8 months ago
american economy is a total fraud. a huge bubble.
a complete ponzi scheme.
stealthpakfa 8 months ago
Why does keeping interest rates low require QE? Dont the FOMC just set interest rates to what ever they want them to be?
rjthomas23 8 months ago
@rjthomas23 No the FOMC sets the fed fund rate which is currently at 0-1/4% which means banks can borrow freely and create inflation. QE buys Ten year Tbills and lowers the interest rate on those they do this because the housing market follows the 10 & 30 year bonds interest rate as a standard to set interest rate on the mortages. So lowering the rates stimulates the house market by making loans cheaper, its like an artifiaciall stimulus that will eventually cause even more inflation.
jezza1789 8 months ago
sucks to be German now.. Not that its good to be an American..
chroNick546 8 months ago
"It's not a picture of Bill Gross in his underpants, although it is something equally as scary"
LOL
malangope 8 months ago
Shit germany are more powerful now than they were when hitler was in charge
life0is0just0a0ride 8 months ago
Watch this, this will make you laugh! paste:-
Clarke and Dawes ask the million dollar questions ABC News Australian Broadcasting Corporation
orwashepushed 8 months ago
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CHRIST Is COMING! The WAR Of GOG And MAGOG!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 8 months ago
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MIDDLE EAST TENSIONS / 116 DEAD El Paso Texas / Nebraska Nuclear Meltdown? VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 8 months ago
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes.
Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
- Napoléon Bonaparte
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
- Lord Acton
Tressco 8 months ago 2
Get him to the Greek!
heymisterderp 8 months ago
ANONYMOUS: "THE PLAN" IS NOW LIVE. PHASE 1: INITIATED. WAR AGAINST THE SYSTEM.
watch?v=j_9T1SPJXRI
asymthought 8 months ago
I love when Peter basically gives me a freakin heart attack
then says
"Hey Have a GREAT weekend"
I will be lucky if I sleep tonight LOL
tb46667 8 months ago
if we tighten our belts and stop all entitlements what are you going to do with all the people who will be out of work and have no money for food and shelter?
what will you do with the disabled?
with the homeless vets?
who will donate to the churches?
can anyone answer?
marniespeaks 8 months ago in playlist one
@marniespeaks It's not complicated. A society free from government meddling will generally be much more prosperous. The resulting prosperity will allow those that have to give to those that are in need voluntarily, without government force or coercion. Do you believe that humanity is generally good? Or do you believe that only the government can make people do good by stealing and then handing out the loot?
electroplate 8 months ago
@electroplate
Do you believe that humanity is generally good?
no
so if the economy collapses who states the business with money or resources and who feeds the hungry again?
what happens to those in the hospital who are ill or needing emergency care, clean water, trash and sewar, fire, police?
how do you get this utopia off the ground and how long will it take?
what will you do with all the dead bodies?
marniespeaks 8 months ago
@marniespeaks If the majority of humans are not good, then wouldn't we be killing each other on the streets? The majority of humans are good, and no, there is no such thing as human nature. The problem is our socioeconomic system that needs to changed from the current system we are living in. That is what is causing the ills of the world, not people being "inherently" bad.
benandreas369 8 months ago
@benandreas369 excise me while I go bomb Libya
marniespeaks 8 months ago
@marniespeaks That is because of our socioeconomic system. Regardless of us being in a "more prosperous" economy like that guy electroplate advocates, to socialism, or any "ism", as long as we have a market and money system that inherently creates scarcity, rewards selfishness, and where social classes are built into the system, there will always be violence, greed, inequality, ext... Again, it is not human nature. If human nature were so concrete we would still be living in the stone ages.
benandreas369 8 months ago
@benandreas369 which, you already know =)... Nice documentary eh?
benandreas369 8 months ago
@benandreas369 Obama deciding to bomb Libya is a result of our socioeconomic system? I'd be really interested to hear your explanation for that.
Also, think for a moment about the concept of scarcity, which you said is created by the market system. Scarcity means that there's a limited amount of stuff to go around to everyone that wants it. People always want more than they have. Do you think that will disappear, regardless of what system we have? Think about it on a personal level.
electroplate 8 months ago
@electroplate 1. Economically, Obama gets money from weapon's corporations, so by bombing Libya, that help's his funding for campaigning. Socially, what is Obama going to be charged with because he bombed Libya? Nothing! Not only is he not going to be punished, but he get's rewarded economically, and socially by his fellow peers... that is a social disorder right there.
2. "People always want more than they have". Depends on what culture you live in.
benandreas369 8 months ago
@electroplate "People always want more than they have". In this system, it is built in. For instance, advertising is a great example of indoctrinating people into buying things they do not need... We are raised as children into a culture of wants. You make it seem that as children, it is "natural" of us to want more things that what we have. That is sheer non-sense. It is the system we are raised into to. Overall, it is a value system disorder. Thanks to money and markets!
benandreas369 8 months ago
@benandreas369 So if we lived in a system where scarcity does not exist, but abundance exists throughout the world, and people's needs are met, want's would not exist. It would be an entirely different system. I am thinking about this on a personal level.
benandreas369 8 months ago
@benandreas369 There's a massive gap in your explanation about how your ideal society can be achieved. How do you suppose we live in a system where scarcity doesn't exist? Who will create the abundance? Who decides when people's needs are met? What if someone steps outside the box and desires more? Unfortunately, I'm guessing that your answers will have something to do with a central government force making these decisions for the masses. I'm not interested in signing up for that program.
electroplate 8 months ago
@benandreas369 Your view seems to be that advertisements have complete control and power over people. Should ads be banned for our own good because we're too stupid to resist their subversive messages? You're not thinking about it on a personal level. How is it that you escape the advertisements while everyone else falls prey? Do you own a computer? Go to restaurants? Buy clothes? If yes, how did you make the decision about where to spend your money. You're a willing participant in the system.
electroplate 8 months ago 2
@electroplate No, but thx for the assumption. For instance, do we as children have a choice to get christmas presents or b-day presents? The same can be said for the market/ money system. Do I really have a choice as to whether to buy food or buy clothes? Buy a house? The things I need in life I need to buy, and that is voluntary? I voluntereed to pay for my survival? I escaped advertisements because I WOKE up. I acquired knowledge, realized there is a better system out there. RBE man!
benandreas369 8 months ago
@electroplate I do appreciate our civil debate. It is good to know that there are people out there who can disagree w/ one's views, but do it in a respectful way. People do not realize that we have the technology to create an abundance for everyone, and to realize that many ills of the world is because of the money/ market system that we live in. If you think about on a personal lvl, many problems we have is because of money/ markets. Our culture is developed around this system. We can change
benandreas369 8 months ago
@electroplate We can create an abundance for everyone, using the scientific method for social concern, but money and markets creates scarcity, thus there can be no abundance for everyone. Social classes are created, leads to inequality, inequality leads to violence. Higher social classes have more power to resources, land, and are rewarded for some violent behaviors. 1 billion ppl are starving in this world, and yet, we have ppl advocating the money/ market system? That is a social disorder...
benandreas369 8 months ago
@benandreas369
Those starving people are people who never would have survived infancy in the pre 'money/market' system. You cant look at a situation and make judgements with no context of what came before it.
Furthermore, those starving people are for the most part living in countrys that DO NOT HAVE our economic system. Your trying to disprove capitalism by pointing out how awful people are living in countrys that dont have capitalism.
Equity213 8 months ago
@Equity213 I use to have your thinking. The thought that Capitalism is the best system out there. In actuality, Capitalism is the most inefficient system created. It is based upon an infinite growth paradigm( accelerated consumption), gives incentive to greed, and put's profit before human health... Actually, that is every economic system we are living in. It is time to move beyond that. Do some more research instead of being an advocate of a very, very flawed system.
benandreas369 8 months ago
@benandreas369
You are advocating a system that will make everyone poor.. It's not the free market that's responsible for the crisis.. I think that's obivous by now if you understand anything.
xMaXiMuSx 8 months ago
@xMaXiMuSx Kind of sad that you specifically did not say what system I am advocating. Thx for the assumption. (Socialism was probably your assumption right?) I think if YOU woke up and realize that we have the technology to create abundance using science and actually ECONOMIZING, instead of living in a very flawed system. Planned obsolescence, scarcity, income inequality, social value disorders... you can thank the market/ money system for that... Do your hw boy. Free Market= INEFFICIENT.
benandreas369 8 months ago
@benandreas369
What scarcity?? peak oil is a SCAM to drive up oil pricec.. Free Market is not perfect but central planning is way worse.
xMaXiMuSx 8 months ago
@xMaXiMuSx Thanks for assuming, again. Not once did I mention anything specific about peak oil or central planning. Central planning still has scarcity involved, at least when there are prices which create scarcity. Plus, if you notice that the rate of consumption going up every year, we are living in an infinite growth pardigm. The more cosumption we have, the more necessity we need for our earths resources... which means that the system we live in, being sustainable is inverse to econ growth..
benandreas369 8 months ago
@xMaXiMuSx Any market/ money system is extremely flawed and outdated. The logic of GDP (worldwide measurement for "prosperity") increasing also creates more prosperity is just sheer non-sense. The GDP of healthcare increasing over a year's time means that there is more prosperity? So having more people getting sick, dieing, and in the hospital creates more prosperity? So bombing more countries and increasing the GDP that way, creates more prosperity? We live in money sequence of value
benandreas369 8 months ago
@benandreas369
No.. but that has nothing to with the market.. Bombing a country is called bombing a country.. it has nothing to do with the market/money system.. You can bomb a country without having a market/money system. People dying in hospital means you have a flawed system of taking care of people(do you want goverment running this or a market type system?).. Nothing to do with the market.. and yeah the GDP doesn't mean anything..
xMaXiMuSx 8 months ago
@xMaXiMuSx With bombing a country, yes, it has a lot do with the market. The more bombs that are made and sent out to other countries, the more money our corporations make, and the more jobs are created... You have very flawed logic my friend. Any corporation or company or money, has EVERYTHING to do with a market. If we took care of ppl w/ a market system, we can't take care of everyone.. scarcity is built into the market/ money system. Free markets put profit b4 human concern toon.
benandreas369 8 months ago
@benandreas369
lol you have some funny logic.. Bombing a country is a naitonal security issue, it has nothing to do with market.. The military industrial complex is not a free market, it's heavily subsidized with stolen tax payer money..
xMaXiMuSx 8 months ago
@xMaXiMuSx I never said the MIC is part of the free market. I said it is part of a market. Stop putting words in my mouth. Thank you. Oh, I like how you never came back at me about healthcare or other social issues I addressed. Do you hw. Thank you.
benandreas369 8 months ago
@benandreas369 "Any market/ money system is extremely..... The logic of GDP"
Logically flawed. First, progression from the general to the specific. Beginning with "any" requires continuing with a discussion of "all", not just one specific instance.
Then conflation of "measurement of a system" with the "system" ( the definition of "system" is unclear ). The US, China, and Russia all have a GDP. Do they all have the same "system"?
jeffiek 8 months ago
@jeffiek No, but they all have money, and they all have markets. Scarcity is inherent in the system... Inequality, violence, greed, are all built in, no matter how different the Chinese, Russians, or any other country, they all use money and have a market. Am I wrong about that? In addition, the chinese, russians, and the U.S. use the money sequence of value, not life sequence of value... time to get of money sequences, which the ills of our world, to a life sequence of values. Peace.
benandreas369 8 months ago
@benandreas369 They all have people and homes too. Inequality, violence, greed, are all built in, no matter how different the Chinese, Russians, or any other country, they all have people and homes. Am I wrong about that?
Get the point? Stringing words together into a sentence doesn't constitute rational, logical thought.
jeffiek 8 months ago
@jeffiek No, you are right about that. I am glad we agree on that! I'm not stringing words together... just using rational and logical thought. I am going what we consider in our society "out of the box", when really, it is common logic. Sure, the Chinese and Russions have homes, but how come we have homeless people? 1 billion ppl starving a day? Again, I am just telling you the flaws of our system, and instead of solving the root of the problems, we are just dealing w/ the symptoms.... Peace.
benandreas369 8 months ago
@jeffiek All I am saying is this:
Issues such as poverty, corruption, collapse, homelessness, war, starvation and the like appear to be "Symptoms" born out of an outdated social structure. Again, we are living in a money sequence of value over a life sequence of value... we are living in a social disorder... There is a better way out of it, I have done the research, but it is up to you to find out for yourself. Peace out for real this time.
benandreas369 8 months ago
@benandreas369 Even so, the ability to perform heart transplants is clearly better than not being able to perform them. Any measure that reflects more heart transplants is *good* - people are not needlessly dying.
Blowing things up destroys prosperity, any measure that reflects more bomb building is *bad*.
This is clearly contradictory and renders the GDP meaningless. Using a meaningless statistic to counter a "system" is nonsense. Even if the "system" itself is nonsense.
jeffiek 8 months ago
@jeffiek Blowing things up destroys prosperity for one country, but benefits anothers, Iraq for example. Been bombing them for years, now we use our corporations to build into their country. On the contrary we are not able to give heart transplants for people who do not have money, at least in a money/ market system. So yeah, we have the ability to perform heart transplants, but the fact that you need money to have your heart transplant shows profit over human well-being. Money sequence for u.
benandreas369 8 months ago
@electroplate Sure, I can choose to work where I please, but is the new place I work at much different than the previous workplace? In addition, I have to be a particitpant in this system because we all have needs. Our values have changed from needs to wants. I used advertising as one symptom of the money/market system, in which it tells people to buy things they want, not need. I escaped because I did my research, something you obviously have not done, since "free markets" will save us.
benandreas369 8 months ago
@marniespeaks Ok, you believe humanity is generally evil. In that case, you must believe that those people in government represent the best part of humanity? Only the wise and benevolent government workers, using force, can take care of all the problems you mentioned? Why do you believe they're good and the rest of humanity is evil? History and life every day has shown that to be wrong. Every day we see examples of governments abusing power.
electroplate 8 months ago
@electroplate you didn't answer my questions, that's what I figured you'd do
marniespeaks 8 months ago
@marniespeaks I didn't answer your questions because you didn't ask them with the intention of receiving an answer. "What will you do with all the dead bodies?" You actually expected an answer to that? Unfortunately, we have dead bodies every day because of the concept of mortality. However, we can reduce and limit the dead bodies by living in a society in which we're free to cooperate and work together. Government power interferes with that freedom and actually causes most of dead bodies.
electroplate 8 months ago
marniespeaks 8 months ago
@YOUAREdelusionall you are delusional. Become a dairy farmer and try to feed your stock. Input prices go up as well. Utterly myopic. Are you 10 years old?
gatersaw 8 months ago
"how far can we ask ordinary people, farmers and fishermen and teachers and nurses to shoulder the responsibility of failed private banks?"
-Icelandic President Grimsson
wolfgangfaust 8 months ago 2
If they try to put caps on the 3-5 year treasurys as Gross predicts, the 30 year treasury yield will spike.
stockmarketfreak 8 months ago
If the Federal Reserve stops monetizing the debt and the federal government spends less because of high interest rates on servicing the debt, will that make gold and silver decline?
mcbain434444 8 months ago
There is so much blame to go around in the Greek situation it amazes me. First off, anyone who loaned to Greece deserves nothing. The Greeks have no ability to pay these debts and it was obvious. 2nd, The EU. The only way the citizens of the member states agreed to join this union was to promise them benefits that Greeks never had and couldn't afford. 3rd, The Greek people, They didn't earn the benefits they expect. Greece should default and get out of the EU.
rmstorms 8 months ago 31
@rmstorms i Tottally agree they are a bunch of malakas in greece i know i am Greek not a geek
GRANDIZERCASH1 8 months ago
@rmstorms I'm fine with the creditors being repaid so long as they march around government with liens and writs of garnishment/attachment seizing all the property of those responsible for taking on the debt.
Xtro2005 8 months ago
A better but an even more radical solution: Germany leaving the Euro.
PAZ0619 8 months ago
@rmstorms True. But you can't simply get out of the EU. I was in Italy recently and I exchanged British sterling to EU. I wanted to exchange £100. I should have got 113 EUR but they gave me 85 EUR because they took a whopping 25% commission. I lost money instead. Most of the country takes that amount. The Euro has destroyed countries and you can not just simply get out of it. It has geopolitical complications. Too many countries can't use one currency. It devalues then destroys the economy.
JosephSolomonUS 8 months ago
socialist schiff
bowtie728 8 months ago
@bowtie728 - you mean Peter is a socialist??? lol
texndaisy 8 months ago
@texndaisy if you aren't anarchist you are socialist.
bowtie728 8 months ago
Comment removed
twinsrule8907 8 months ago 23
@twinsrule8907 It's more likely that the 2nd dislike was from Mike Norman.
BTbass 8 months ago
@twinsrule8907
...the third is Tim Geithner...
KillerBeeKiller 8 months ago
Thanks for getting back to financial insights and less infomercials. Also, thanks for great improvement on audio - better microphone, engineer or recording system.
Now someone wants you to improve video lighting and backdrop. Make take a look at other successful talking heads and work on that.
Always appreciate your sound advise and insights. There's plenty happening without you resorting to using YouTube as an advertisement for Euro Pacific.
MudDauper 8 months ago
@YOUAREdelusionall haha, factor in the inflation on the wheat, milk, salt, and what ever else goes into bread, you would make the same if not less lol.
MrLukedanger 8 months ago
the recent bio-germ-warfare attack on germany plays a huge role in this. if you're not factoring this in, you're missing a giant piece of the global jigsaw puzzle. there's a giant war behind the scenes as the titanic is sinking. control over whatever real wealth and resources are left is the name of the game. remember what's going on in libya (all the gold, oil and water, strategic control of location). end game there is dominion over iran & whole region. asia got the rad-attack. EU got kahn'd.
Myaucat 8 months ago
Kahn setup watch?v=oSV27b_87nQ
E. coli engineered watch?v=cpLBPtv5XcM
Japan Held Hostage watch?v=xMb2ufbm7yw
Stuxnet sabotage capability watch?v=IpFMwZ73-Mw
Gaddafi gold-for-oil watch?v=GuqZfaj34nc
Myaucat 8 months ago
as a german i thought german politicians are a bit better then americans but unfortunately its not the case...
crap.
Staatsmacht12 8 months ago
@Staatsmacht12 I feel bad for all those in Germany who must now bail out the banks and Greece for their own mistakes.
electroplate 8 months ago
@electroplate
majority of people here dont even recognize it thats the sad thing.
im excited to see who they will blame when inflation eventually rises up
Staatsmacht12 8 months ago
Exchange your euro currency for gold/silver
paulrprichard 8 months ago
Hey Peter, is there anything you can do about the lighting? Your head is almost blending with the red background!
kardentyrell 8 months ago
Thanks Peter. Your are so good. Mr. Logic, I call you. Please keep on keeping on. Posted on my FB page to spread the word!!!
IskalkaQuest2010 8 months ago
This has been flagged as spam show
This July 4th, activists are asking the American people to stay home; engage in no celebratory activities, no barbecues, parties or parades, because IN FACT THIS DEMOCRATIC REPUBLIC IS DEAD. Indiana Supreme Court and US Supreme court decisions have all but eliminated the 4th amendment, and the Patriot Act, which Obama signed has all but suspended the constitution indefinitely. We are now formally a police state. Please spread the word, end the farce. Stay home July 4th.
asymthought 8 months ago
Peter, if I were you I would be disturbed that you are featured on "PrisonPlanet Forum". It seems like legions of shady gold dealers and survivalist merchants are growing up around you like weeds. NIA is just the biggest one.
fluff125 8 months ago
Are we kicking the can down the road? There is a discussion of debt doubling at Death by Debt that suggests that there is no way to sustain the acceleration of debt doubling we have seen in the last few decades, and that the economy depends on this increased debt to sustain growth. What is your take on this, and what do commentors think?
eaanders22 8 months ago
Another thing is that Merkel's and Sarkozy determination will be worth nothing if Greeks decide to take down their government. They are completely capable of doing that.
jaric82 8 months ago