Bernanke has inflated the currency by unprecedented infusions of cash to the markets This action has devalued the dollar, which helping to cause the increases in gold and oil.
However, the banks are continuing to post losses in the billions every quarter, which is removing currency from the system.
That's why Bernanke is going to regulate credit cards now.
I might be wrong but I dont think he's gone because of an accident. He would have said something by now or had someone else post some update. He simply didn't want to post anymore videos and used the accident story as a cover. Hope Im wrong but I don' think so.
I don't know? I am concerned too. There are a few smart guys on youtube who just stop posting. I sometimes think much of what they say is too close to the knuckle. But I don't think things are so bad in America that the CIA goes knocking off individuals who don't quite agree with the governments line. The CIA is in too much trouble as it is with 9/11. I would think they would want to keep a very low profile right now.
I must say it is strange. I used to watch this guy and manoftruth, but both have stopped posting. I have found new ones though and they update at least once a week. Check out markmti, visionvictory, myspacesecrets and depressioninsurance.
sabercool, follow the link to his boeanalysis blogspot. Last post there was March 18th, sounded like he was pretty busy getting caught up on things, and planned to be back (at least there) in about a month from that time.
Hey AR - long time no hear. Why do you want me to reply? Folks all over the web are making all kinds of wacky and not so wacky claims, speculations and predictions.
Advice that 'came true'? I think for the most part if you downsized, paid off/paid down your debt and built up your stores of food and water to make it through the next emergency, you'd be ahead of the game. Listen to lots of folks, and make up your own mind. John has always been careful to say that he's not a financial advisor.
Very good. Only one mistake -- I think you said June and you meant January. I'm seeing this in April and you were spot on, I feel. Carry on. Greetings from a very uneasy France.
When the Fed is mowing down forests to make Federal Reserve Notes (ie. Dollars) you get deflation? It's called Hyper-Inflation my friend. You're wrong about gold and oil going down in price. Economics is not your forte. Everyone, do a Youtube search for Peter Schiff and Jim Rogers. They have a better grasp of the economic downturn in this country. Schiff and Rogers are not armchair economists. They are experts in their field.
John, were did you go? I miss your videos. Please come back. you have really tought me alot about the stock market and the games they play with our economy. Thanks
In the 1960's we moved from a gold based currency to a stock based currency. You can base your currency on anything of worth, metals, food, manufactured goods or arms. But when you lose your industry to other countries you also lose the value of your currency. Unless you revert back to the gold standard. The problem as I see it is the dollars value has dropped below a level where it can buy back enough gold.
In the 1960's we moved from a gold based currency to a stock based currency. You can base your currency on anything of worth, metals, food, manufactured goods or arms. But when you lose your industry to other countries you also lose the value of your currency. Unless you revert back to the gold standard. The problem as I see it is the dollars value has dropped below a level where it can buy back enough gold.
Hey John, hope you are feeling better, recovering from your auto accident and getting caught back up. Looking forward to a new post and your view of current events...
Hi John. Admit you're wrong about the dollar, deflation, inflation, gold, silver, oil and other commodities. Be a man about what you said and give everyone a sincere apology.
Notice the biggest winners from Tuesday (dow up 400), Wamu and Citi. Are the biggest losers today. What most people don't understand is that when bear markets correct, sometime it turns into a violent rally do to short covering.
Once the recovery that's heavily priced in the market doesn't come, we'll see the Dow free fall. Financials will become penny stocks.
Hi John. Please let us know exactly what you know about economics. Give us your background. Depression or recession? Do you know exactly? I don't believe anything you say. Everyone, please see a certified financial advisor.
Certified financial planners are usually idiots. Most are just salesmen at best who put everyone in a loaded mutual fund and tell them to buy life insurance. They have no real knowledge of the economy or the markets; they only know the talking points issued by their sales training packet. I know a financial planner who didn't even know what CPI was.
The U.S. is headed into a severe depression and financial planners are selling tickets to the titanic, I prefer guys like Peter Schiff who are offering financial life boats. Take yesterday for example, financial planners are jacking off to Dow up 400. But it cost the fed 200B for one day. We saw Countrywide as the 3rd biggest gainer after Wamu and Freddie mac. All 3 of these companies are doomed and headed to BK. Most financial planners have no idea what's really going on.
I'm a Schiff client. Schiff is predicting hyper-inflation. You're contradicting yourself in some respects. Schiff believes in a deflation in certain asset classes like homes and American labor. However, he sees inflation, especially as it pertains to commodities like gold and oil. I think you and I agree, but you're confused or do not understand certain economic terms. Finally, Schiff is a certified broker and financial planner.
You know what your right, i'm so used to blogging with gold bugs and stuff. I forgot the host of this video thinks gold is going down, now I realize the questions you were asking him. My bad :)
The rest of the world is not going to stop eating, driving, and building because US goes down. Even IF, and its a big IF, commodities went down in real terms. In dollar terms they will continue to go up. The dollar is a doomed currency and commodities are priced in dollars. Inflation will rise and we may even see hyper-inflation when this down turn kicks into high gear after the summer.
The Dow and Gold will meet again, you will soon be able to buy the entire Dow with 1 oz of Gold. Now that could mean Dow 5,000 and Gold 5,000 or if we have hyper inflation we could see them meet at 30,000. But they will meet again.
I think in about 12 months we will see the dow at 4oz of Gold. Probably Gold 2,000 and Dow 8,000. They will probably meet at 4-5,000. But I don't think it will stop there, I think the Dow is going to be able to be purchased with 10th of an oucne of gold within 2 to 3 years max.
I think he is pointing out John's position as being wrong to avoid gold and bury worthless U.S. Dollars in your backyard. AR2012 all for gold, silver and commodities. I think you guys missed the joke.
These videos show the non borrowed assets of each bank, and then the number next to it shows the amount of money the banks are borrowing from the Federal Reserve. You mentioned this in your video about how the banks are strictly reliant upon the Fed. to keep the banks from going under. They don't have any money left. This has never happened before in the history of non borrowed assets in the banks.
I'm not sure if you've seen this yet, but There is a you tube video series talking about the Aggregate Reserves of Depository Institutions and Monetary supply. I am going to give you the first link to the first part of it. There are 3 parts to it. Then I will send you the link to the updated version.
You were right about the Countrywide project going awry. You made excellent points. But I think people should invest in silver. You'll get a lot more ounces of silver to spend than you will with gold.
Well you were wrong about the commodities and hard assets. Gold, silver, palladium, platinum, etc... are still going through the roof, and show no signs of slowing down, and commodities like oil have gone up even more now up to around 100 dollars per barrel.
Hi John. Why would Gold and Oil plummet in an economic depression in the United States? Gold is considered a commodity, but primarily, it's MONEY. You want people to stock up on bushels of wheat and bury U.S. dollars in our backyard? Why wouldn't Asia decouple from the US economy? They have the factories and their own consumers.
listen, this is for the younger crowd to see that well known artists here in the states are saying the truth and are not scared to speak about it. And to wake them up
Recovery, are you serious? The U.S. stock market has been falling in real terms since 2000 and we're only just now going into a (recognized) recession. Who cares if your stock investments go up 25% if your dollar has only 2/3 the purchasing power.
All we have to know is that the dollar itself is rapidly losing value against all other major currencies. So, even if the stock market goes up, it's actually going down in real terms. The number of dollars that an investor has in the stock market is not important. The VALUE of his holdings is important. Also, there is generally a lot more volatility in the stock market in the months before a crash, so an up tick is not necessarily good.
Well, they WERE in an uptrend until this week. We should see one more deep selloff before any chance of recovery. The January "bottom" was a contrived illusion - there was no sign of panic when the market started it's "recovery" - a day after the "good news" of the latest rate cut.
That happened in the 80's and there may be a short sell off which would depress the price for a short while. But gold was in a bear market at the time. It's quite bullish at the moment. However, the long term downward pressure on the dollar will make gold behave a lot more like the late 70's. Also, we're going into a recession so investment opportunities will be more limited. More people will be looking at gold, and this will put upward pressure on the nominal price of the metal.
Thanks - you're predicting what has already happened. Gold's a long term winner. Cash out now and buy a barrel full when it's cheaper. The dollar is due for a prolific counter-trend rise. Thanks for your reply!
firstly, allow me to correct you on 'when'. A truer word is 'if' it gets bad. For every argument that says it's gonna get bad, there's a valid counter argument that says it's all gonna blow over, it's gonna be ok. Secondly, 'if' it gets bad I havent got a clue how the public might react. John's advice is best so far - stock up on food etc and get your house in order (if you haven't done so already).
thankyou for that indication but truth is I know very little when it comes to fiscal matters. Some guys around here are far more clever than me when it comes to the markets and the economy and hopefully they will respond to your latest questions.
Your comment is confusing - the naysayers have always been bears - hence, when the angel food cake hits the fan we'll float up to heaven and live happily ever after.
Regarding the collapse, Do you think that people on youtube in social networks are fully in control of these networks,is it possible that a 3rd party could be channelling subscribers to you
Do the people using these networks have the control or does some other power?
If this is true then this other power will be able to control the meaning of the whole group but not the particular meaning of each video.
you have become a central node! how can the users find out that the crash is real or virtual?
The point i was trying to make is that everything about the collapse on jpalme2000's videos arent also being shown in the US & UK mass media, why is this?
thanks for clarifying your point, it's now easier to understand.
consider this: jpalm has been wrong sometimes but unlike the manofvanity he's had the integrity to come out and say it. The msm however cannot afford such casuality, thus they're far more cautious.
ArchaicRevivalx2012 - If the banks are going under and the monopoly money they're cranking out at the banks is defeating it's own purpose, you might not want to advertise the fact that you're buying gold, because the banks might decide they need to confiscate it.
I bought into the Perth Mint. It's outside of the USA and in Australia. The Perth Mint is guaranteed by the government of Australia. If some bullshit hits the fan in the United States, I'll fly to Australia with my certificate to pickup my money. I'll call them and tell them to fabricate the gold into coins and/or bars.
john just to put the (my) record straight on pm's: there's only on kind of person that should be dabbling in pm's and that's one who knows what he/she is doing. Small is the number of such 'naturals' and great is the number of gambling amateurs. Thus again I agree with your advice on pm's, even if only to protect the less experienced from ruin. PM's are dangerous in inexperienced hands, fortunes can be lost overnight. It's a cruel game.
Hi John, keep bashing PM. I've made a few thousand dollars from doing the opposite of what you said. Once you say buy PM, that's when I'll sell. You look familiar to me. Did you go to Cal State Long Beach?
oh my, I just wrote the previous comment before the end of the video. Get rid of metals? Are you insane? Wow man, gold and silver hasn't even started its race upwards. Read Peter Schiff sometime. The government will print money indefinately and you can watch your paper in the ground dissolve w/the rest of the fiat currencies around the world.
I know I have an unpopular view about PMs. I just don't see them replacing food or other survival items as stores of value. The challenge that comes up is that you have to know how to deal with silver and gold, and most people in the US do not.
I think your logic follows Denninger (marketticker guy) -- I guess my thought, when it comes to PMs, comes from the belief that humans know their value in their genes. If you gave a kid a silver dollar worth $18 and a hundred dollar bill and asked them which was worth more, I'm sure you'd get silver as an answer.
There is a supply/demand equation to the dollar story, however, with nothing backing the dollar there's also a huge crises of faith story.
john I agree with your pm views - I think that 90% of the pm buying frenzy is just herd mentality. People are buying out of fear and they're buying based on what others say. Lambs to the slaughter. It's ones own instincts that should be followed, not the rumour. A compulsion to talk and boast about pm's demonstrates cluelessness of what's really going on.
nice summation -- I'd like to add that even during a deflationary period, gold can also go up. Fear can be a more motivating than market demand to buy gold or silver. Keep an eye on the dollar index as we could simultaneously see the dollar collapse, massive deflation AND massive external inflation all at the same time. It's looking like "the perfect storm"
If there is deflation currently, where is all this liquidity going created by central banks? Some areas are deflating, but the money has to go somewhere- stagflation. Prices of commodities up because the dollar is worth less. The banks money was based mainly on valuations most of it never existed. Dot-coms were 'worth' billions as well. When inflation gets out of hand and money supply is restricted we'll have deflation, less money chasing the goods-lower prices.
Don't buy gold, take your U.S. Dollars and bury them in your backyard?? Bury a dying fiat currency 6 feet under your backyard is kind of poetic. Good thing you have the caveat at the end of every video that you're not a financial advisor. I still love your videos though.
did you get your pm's based entirely on your own instincts? or did you get them as a result of the talk of others? (be honest)I gotta feeling it's the latter. Either way our pm's are a total waste. They'll go down and take you with them.
I also have an IRA, i want to make sure i have all my bases covered, nothin wrong with preparing for the worst and hoping for the best is there? Thx for the insight Einstein.
I have silver and some gold, which will be great if all else fails. I always tell people that FOOD should come first, then guns and metals. Silver and smokes will still important.
so I was right - it was the latter. But hey live the dream lost. You've demonstrated zero instinct and 100% herd mentality. When the crash comes you'll be king of your street, with a stash of pm's that no-one's familiar with. So what if you're dying of hunger, you'll still have pm's and an IRA right? Way to go.
HAHAHAHA, i have enough food for myself, wife and daughter, 2 yr supply thx to Efoods direct. Once again thx for your insight genius! HAHAHAHA. Oh i forgot, i also have a Berky water filter, enough seeds for 10 yrs, solar power and 14k watt generator. Don't worry Toenail i'll throw you a PB&J sandwich while your standing in the soup line. HAHAHAHA
I'm starting to crack because im prepared for anything? good analogy Toenail, like i said when i see you shitting yourself in the soup line i'll throw you a sandwich, hope you like mustard.
goodness me lost I'm completely shot down in flames by the logic of your debate. I'm sorry if I touched a nerve - those pm's must have cost a lot of money. Anyway it'll all come back to you tenfold when the crash comes, brent said so.
Just curious. The bank's 'losses' are write downs on assets. (which they value in dollars) How can a write down in assets cause deflation? Wouldn't they have to be real monetary losses? (ie. a balance sheet decrease in actual deposits/cash on hand/ etc.?) I can see deflation occuring if their losses make banks gun shy and prohibits them from saving while the businesses and individuals refrain from borrowing due to fears of a struggling economy.
I think you have contrarian views, which is cool, but I think you are off the mark with deflation. Yes, deflation in assets such as stocks and property, but major INFLATION in food and energy, which is what the average joe in the street relates to.
Thanks for the advice, keeping money in the bank is very risky now. Up here in Canada they're talking about cutting the interest to match what the Fed is doing. They are already planning a cut at the next meeting.
Deflation? Hardly. When borrowers repay loans to banks, money is literally destroyed. When they default, the money stays in circulation forever. Since this video was posted, gold, silver, oil, and food commodities have all gone up in terms of US dollars. There are vast amounts of dollars sitting out there like unexploded bombs, in foreign central banks, corporate jumbo CD's, Euro dollars, Fed repo slosh etc. etc..
Hi John, you'll probably block me out for two weeks again for this, but you got it wrong... again. Gold goes up in times of uncertainty. Oil is mandatory in the emerging markets and the global economy. As the dollar falls in value, oil goes UP. Everyone, BUY GOLD stocks and OIL trusts. Buy Canadian oil trusts, they pay from 7% to 20% in dividends in Canadian dollars. Purchase infrastructure, mining and energy stocks that pay high dividends in Singapore, Hong Kong, Australia and Canada.
It's possible the reason oil is going up is because it is being used as a currency like gold. It would be one way to fight inflation/deflation and store value in some manner. It is is also far more valuable than gold because we use it in everything and especially in industry to make profit.
As I've said before - the FED can bail out the system at any time - like they did today. The time to freak out is when the rate is down to 1% - but even then, they can change the fractional reserve rate. I'm betting on inflation, not deflation - but who knows. (actually stagflation)
John, I think you're overlooking the fact that many countries around the world are about to dump their remaining US dollar reserves. This will ensure there is no deflation, but rather this combined with printing more money/lower interest rates (cheaper money) will ensure hyperinflation.
Great video. You said If we had some thought, we could post them. I guess I disagree about Gold and Silver. I do own some, so someone with a personal investment isn't a reliable witness because truth to them becomes what they want it to be. My thoughts are, even if we have deflation, what will we use to trade services? We could use food, but I feel gold and silver are just a great medium of exchange. Any thoughts on that? Cause I am just confused how we will continue to barter.
Look, if I bought a house for 300K and I default. The person who sold me the house had the 300K. The bank gets bailed out, so they get the 300K back. Now there is 600K in the system, that's inflation, not deflation. How are we losing money? Where is it going? I am betting on hyperinflation, espesially once the petrodollar crashes. But I agree, keep some cash on you. Thanks for the videos. I think you are helping people.
just thought i'd add a couple of euphenism's john. the fed is nothing more than having count dracular in charge of a blood bank or we are not sinking, we have just stopped to take on ice, you guessed the titanic
Mostly agree with you but the world is not falling apart. With deflation the dollar will probably strengthen. However the dollar will not drive commodities as I saw in a comment. Demand will drive the price of commodities. For that reason, everyone should start rotating their money out of commodities and equities and into bonds until the rate cuts are through which will probably not be until we get to zero percent on short term rates. You know my view on this from the blogs.
The bond market in America will crash. That's the final shoe that will seal the American Empire's doom. Someone else will have a turn to steer the ship of world destiny.
Guys, Remember that a 1% increase in long term rates equals aprox. a 15% decline in market value of a 30 year bond. This applies to all credits including 30 year treasuries. It only takes a 2% increase in long rates from here to wipe out 30% of the average joe's bond portfolio. It will be worse than this.
just to help you along a bit john, look up the term "monolines" it may help you in your quest to find where the next twist to the running saga will turn up next. when you made this video, you did'nt know the fed was going to reduce rates by 0.75 ponts. this has brought about a temporary rally that will not last long and actually make matter's worse. you need to get a grasp of what credit/dept really is and what value is. i hope this does not come over as patronising.dave from england
Good Show, but I disagree with your prediction on commodities. The direction of the dollar will determine how these items will perform. If it continues to drop then commodities have to go up. If the dollar strengthens then I would agree with you.
I say keep buying metals because even if deflation does happen, you can use the low prices to by more gold, silver, and food before hyperinflation sets in.
I like your videos. But I have to disagree with you about gold and metals. The US dollar is falling and the world is losing faith in our dollars. Our government is spending our saving on war and blowing taxpayers money. We are doing the same thing as Russia(1998) the so called other super power before the fall gold was about 1,500 rouble today 21,000 rouble. We are printing money hopeing that will help. If you hide you money in your yard. You will still lose your monies value.
btw, what's the true threat of deflation? is it because there's less money in circulation to pay off interest from debt?just trying to understand the primary principle and threat.
45 trillion is a mighty steep number. i think the housing market at its peack was valued at 44 trillion, where as the true value was 24 trillion. that would be a loss of 20 trillion in home equity alone.
John, I got the impression that you pay too much attention to specific US problems. The economical system of the US lost much of its worldwide economic gravity during the last decades. The economies of Europe, China and Asia are now more than just US-appendices; I am sure they will show some resilience to whatever happens to the US banking system. The price of Gold e.g. depends quite a bit on private demands for it in Asia and China.
Man ... I understand that there will be contraction of money amount (deflation), but common this is still only fiat money! Do you expect that people will have trust to this paper notes? Or rather to real money gold.
dont dump all your cash, FRNs will still be accepted after any crash simply due to habit, and recognition,most people arent familiar with silver and gold values. REMEMBER people have to adjust to a "new" economic system as in new to them
What do you think about Buying UDN which is an eft short the dollar and or Buying SLV or DBS more eft's of silver? Is that better than sitting in cash u think? I am not one to go out and buy actual gold and silver. I would rather buy seeds to plant in the ground at that point which I have.
Almost 9:30. Here we go. I feel like I just climbed on the biggest newest rollercoaster in the park, and I just took off like a rocket with the maintenence man waving his arms and screaming " Stop, Stop, the track is broken!"
The future has proven you right!
biggori 2 years ago
i cant watch this video
lets chat hs
Hellrisen 3 years ago
you got caned goods behind you?I will steal them
v7nf 3 years ago
John says we're having massive deflation. He uses Gold and Oil as an example to his theory. Fool.
ArchaicRevivalx2012 3 years ago
Bernanke has inflated the currency by unprecedented infusions of cash to the markets This action has devalued the dollar, which helping to cause the increases in gold and oil.
However, the banks are continuing to post losses in the billions every quarter, which is removing currency from the system.
That's why Bernanke is going to regulate credit cards now.
BTW: This video is over 4 months old.
jpalme2000 3 years ago
please read a book and stop misinforming people. Youtube is dangerous, because it gives ANYBODY a platform..
prodigee411 2 years ago
Even you...
jpalme2000 2 years ago
well MOT just posted under his video. i hope he continues to post videos
sbmillionair 3 years ago
I might be wrong but I dont think he's gone because of an accident. He would have said something by now or had someone else post some update. He simply didn't want to post anymore videos and used the accident story as a cover. Hope Im wrong but I don' think so.
Autry29 3 years ago
I don't know? I am concerned too. There are a few smart guys on youtube who just stop posting. I sometimes think much of what they say is too close to the knuckle. But I don't think things are so bad in America that the CIA goes knocking off individuals who don't quite agree with the governments line. The CIA is in too much trouble as it is with 9/11. I would think they would want to keep a very low profile right now.
mukkeer 3 years ago
I must say it is strange. I used to watch this guy and manoftruth, but both have stopped posting. I have found new ones though and they update at least once a week. Check out markmti, visionvictory, myspacesecrets and depressioninsurance.
sabercool 3 years ago
He must be dead, or financially ruined.
sabercool 3 years ago
sabercool, follow the link to his boeanalysis blogspot. Last post there was March 18th, sounded like he was pretty busy getting caught up on things, and planned to be back (at least there) in about a month from that time.
hunt1803 3 years ago
hunt1803. please list a piece of advice this guy gave that came true.
1.
2.
3.
...
ArchaicRevivalx2012 3 years ago
Hey AR - long time no hear. Why do you want me to reply? Folks all over the web are making all kinds of wacky and not so wacky claims, speculations and predictions.
Advice that 'came true'? I think for the most part if you downsized, paid off/paid down your debt and built up your stores of food and water to make it through the next emergency, you'd be ahead of the game. Listen to lots of folks, and make up your own mind. John has always been careful to say that he's not a financial advisor.
hunt1803 3 years ago
I have been watching this guys videos for the past 6 months and he is gone now. If he had an accident, when will he be back? Thanks
sabercool 3 years ago
I agree. You're not a financial advisor.
dabruin2 3 years ago
John - were there a lot of put options put on American Airlines and Southwest, last month before the FAA decided to stop all their flights?
SModikoane 3 years ago
Very good. Only one mistake -- I think you said June and you meant January. I'm seeing this in April and you were spot on, I feel. Carry on. Greetings from a very uneasy France.
slobomotion 3 years ago
When the Fed is mowing down forests to make Federal Reserve Notes (ie. Dollars) you get deflation? It's called Hyper-Inflation my friend. You're wrong about gold and oil going down in price. Economics is not your forte. Everyone, do a Youtube search for Peter Schiff and Jim Rogers. They have a better grasp of the economic downturn in this country. Schiff and Rogers are not armchair economists. They are experts in their field.
ArchaicRevivalx2012 3 years ago
John, were did you go? I miss your videos. Please come back. you have really tought me alot about the stock market and the games they play with our economy. Thanks
friscioni12 3 years ago
Check out Drudge or Independent. London Paper leads with Cover title, "United States of America, GREAT DEPRESSION."
visionvictory 3 years ago
where have u gone?
gingerlives 3 years ago
John either passed on, got in trouble, or got hooked up with a sexy woman who is takeing all his time up. I hope it is the latter.
valhala56 3 years ago
myself included.
gingerlives 3 years ago
john, did you lose weight?
zenithomega19 3 years ago
In the 1960's we moved from a gold based currency to a stock based currency. You can base your currency on anything of worth, metals, food, manufactured goods or arms. But when you lose your industry to other countries you also lose the value of your currency. Unless you revert back to the gold standard. The problem as I see it is the dollars value has dropped below a level where it can buy back enough gold.
mukkeer 4 years ago
In the 1960's we moved from a gold based currency to a stock based currency. You can base your currency on anything of worth, metals, food, manufactured goods or arms. But when you lose your industry to other countries you also lose the value of your currency. Unless you revert back to the gold standard. The problem as I see it is the dollars value has dropped below a level where it can buy back enough gold.
mukkeer 4 years ago
Hey John, hope you are feeling better, recovering from your auto accident and getting caught back up. Looking forward to a new post and your view of current events...
hunt1803 4 years ago
Hi John. Admit you're wrong about the dollar, deflation, inflation, gold, silver, oil and other commodities. Be a man about what you said and give everyone a sincere apology.
ArchaicRevivalx2012 4 years ago
archaic revival 2012 : Why don't you go back to mayan calendar for your forcasts
elpiratee 3 years ago
ok... go back to white fat dumb pricks for yours.
ArchaicRevivalx2012 3 years ago
lol... owned !
elpiratee 3 years ago
Notice the biggest winners from Tuesday (dow up 400), Wamu and Citi. Are the biggest losers today. What most people don't understand is that when bear markets correct, sometime it turns into a violent rally do to short covering.
Once the recovery that's heavily priced in the market doesn't come, we'll see the Dow free fall. Financials will become penny stocks.
visionvictory 4 years ago
Hi John. Please let us know exactly what you know about economics. Give us your background. Depression or recession? Do you know exactly? I don't believe anything you say. Everyone, please see a certified financial advisor.
gto400hp2006 4 years ago
Certified financial planners are usually idiots. Most are just salesmen at best who put everyone in a loaded mutual fund and tell them to buy life insurance. They have no real knowledge of the economy or the markets; they only know the talking points issued by their sales training packet. I know a financial planner who didn't even know what CPI was.
visionvictory 4 years ago 3
The U.S. is headed into a severe depression and financial planners are selling tickets to the titanic, I prefer guys like Peter Schiff who are offering financial life boats. Take yesterday for example, financial planners are jacking off to Dow up 400. But it cost the fed 200B for one day. We saw Countrywide as the 3rd biggest gainer after Wamu and Freddie mac. All 3 of these companies are doomed and headed to BK. Most financial planners have no idea what's really going on.
visionvictory 4 years ago
I'm a Schiff client. Schiff is predicting hyper-inflation. You're contradicting yourself in some respects. Schiff believes in a deflation in certain asset classes like homes and American labor. However, he sees inflation, especially as it pertains to commodities like gold and oil. I think you and I agree, but you're confused or do not understand certain economic terms. Finally, Schiff is a certified broker and financial planner.
gto400hp2006 4 years ago
You know what your right, i'm so used to blogging with gold bugs and stuff. I forgot the host of this video thinks gold is going down, now I realize the questions you were asking him. My bad :)
visionvictory 4 years ago
Holy shit batman!!! We are in trouble!!
osnap757 4 years ago 3
The rest of the world is not going to stop eating, driving, and building because US goes down. Even IF, and its a big IF, commodities went down in real terms. In dollar terms they will continue to go up. The dollar is a doomed currency and commodities are priced in dollars. Inflation will rise and we may even see hyper-inflation when this down turn kicks into high gear after the summer.
visionvictory 4 years ago 2
BUY GOLD and SILVER
1929 Dow= 20oz of Gold
1933 Dow= 1oz of Gold
1975 Dow= 20oz of Gold
1980 Dow= 1oz of Gold
2007 Dow= 20oz of Gold
2008 Dow= 14oz of Gold
March/08 Dow= 12.5oz of Gold
The Dow and Gold will meet again, you will soon be able to buy the entire Dow with 1 oz of Gold. Now that could mean Dow 5,000 and Gold 5,000 or if we have hyper inflation we could see them meet at 30,000. But they will meet again.
visionvictory 4 years ago 2
March 8, 2008 Dow= 12.23oz of Gold
gto400hp2006 4 years ago
I think in about 12 months we will see the dow at 4oz of Gold. Probably Gold 2,000 and Dow 8,000. They will probably meet at 4-5,000. But I don't think it will stop there, I think the Dow is going to be able to be purchased with 10th of an oucne of gold within 2 to 3 years max.
visionvictory 4 years ago 3
Don't buy hard money like gold and silver. Bury your dollars in your backyard and pray to Jesus.
ArchaicRevivalx2012 4 years ago
Hey AR2012, did you change your tune, or did you go over the edge?
hunt1803 4 years ago
I think he is pointing out John's position as being wrong to avoid gold and bury worthless U.S. Dollars in your backyard. AR2012 all for gold, silver and commodities. I think you guys missed the joke.
gto400hp2006 4 years ago
Tell you what. If commodity prices fall like a rock, I'll be first in line to trade my 2 chickens for an ounce of gold. Promise! Any takers? LOL
slyjigoh 4 years ago
gold and oil is falling .... lol, great analysis einstein
const71 4 years ago
gold and oil falling? yeah right!
rstora01 4 years ago
Here is the update from this past week.
Part 1 : watch?v=QUBBMQDrlpY
Part 2 : watch?v=8T-6iRplZgs
Part 3 : watch?v=3Fo10RYVNIE
markymarkuss777 4 years ago
Here is the first 3 part series :
Part 1 : watch?v=EBZ81hmZuNk
Part 2 : watch?v=0UqDT9RCDA8
Part 3 : watch?v=JxTaw0a5QTY
markymarkuss777 4 years ago
These videos show the non borrowed assets of each bank, and then the number next to it shows the amount of money the banks are borrowing from the Federal Reserve. You mentioned this in your video about how the banks are strictly reliant upon the Fed. to keep the banks from going under. They don't have any money left. This has never happened before in the history of non borrowed assets in the banks.
markymarkuss777 4 years ago
I'm not sure if you've seen this yet, but There is a you tube video series talking about the Aggregate Reserves of Depository Institutions and Monetary supply. I am going to give you the first link to the first part of it. There are 3 parts to it. Then I will send you the link to the updated version.
markymarkuss777 4 years ago
You were right about the Countrywide project going awry. You made excellent points. But I think people should invest in silver. You'll get a lot more ounces of silver to spend than you will with gold.
markymarkuss777 4 years ago
Well you were wrong about the commodities and hard assets. Gold, silver, palladium, platinum, etc... are still going through the roof, and show no signs of slowing down, and commodities like oil have gone up even more now up to around 100 dollars per barrel.
markymarkuss777 4 years ago
When are you going to post a new video? its almost been a month.
catdog262 4 years ago
I just don't have something interesting to say on the video. Is there something you'd like me to talk about?
jpalme2000 4 years ago
Hi John. Why would Gold and Oil plummet in an economic depression in the United States? Gold is considered a commodity, but primarily, it's MONEY. You want people to stock up on bushels of wheat and bury U.S. dollars in our backyard? Why wouldn't Asia decouple from the US economy? They have the factories and their own consumers.
ArchaicRevivalx2012 4 years ago
Did you check out the IMF is going to sell gold... should be interesting.
jpalme2000 4 years ago
That should mean the price will fall?
lostinthemix 4 years ago
Its simple everyone, as the dollar continues to fall commodities will go up.
Check this out: 1973 oil $3/barrel gold 35/oz
ratio 10 to 1 2008 oil 100/barrel gold 950/oz.
Still 10 to 1 (That is inflation folks)
rstora01 4 years ago 2
=tD5WlQ54Sg0
watch this music video by some well known artists. very good !!!!
WAYTOZER 4 years ago 2
this is bullshit wayto, you shouldn't be wasting out time with this.
tonjg 4 years ago
listen, this is for the younger crowd to see that well known artists here in the states are saying the truth and are not scared to speak about it. And to wake them up
WAYTOZER 4 years ago 3
John thank you and keep up the good work. I appreciate your time and effort on these clips.
TYX91101 4 years ago
The dollar has lost 17% of it's buying power since 2001, why isn't this ever talked about?
lostinthemix 4 years ago 2
Well... talk about it.
ArchaicRevivalx2012 4 years ago
I just did, what else you want?
lostinthemix 4 years ago 2
Interesting to hear you calling to sell commodities
Can you talk about the presidential race.
Ron paul, clinton, obama or mccain
RoddyYoung 4 years ago
I'm sorry, I avoid politics on purpose. Good luck on whomever you support.
jpalme2000 4 years ago
to mariasman1 and TYX91101
The FTSE & DOW are on an up trend, is this a recovery or just a blip?
Mike1977a1 4 years ago
Recovery, are you serious? The U.S. stock market has been falling in real terms since 2000 and we're only just now going into a (recognized) recession. Who cares if your stock investments go up 25% if your dollar has only 2/3 the purchasing power.
mariasman1 4 years ago 2
Thanks mariasman,
Im not a stock/share trader so im a bit ignorant, So this slight uptrend i see on a long term chart of the FTSE & DOW/Nasdaq is nothing significant?
Mike1977a1 4 years ago
All we have to know is that the dollar itself is rapidly losing value against all other major currencies. So, even if the stock market goes up, it's actually going down in real terms. The number of dollars that an investor has in the stock market is not important. The VALUE of his holdings is important. Also, there is generally a lot more volatility in the stock market in the months before a crash, so an up tick is not necessarily good.
mariasman1 4 years ago
Do you think the London financial system has any effect on American economics/stocks?
Mike1977a1 4 years ago
Well, they WERE in an uptrend until this week. We should see one more deep selloff before any chance of recovery. The January "bottom" was a contrived illusion - there was no sign of panic when the market started it's "recovery" - a day after the "good news" of the latest rate cut.
TYX91101 4 years ago
I agree with your sell order on gold. It will be dropped like a rock in the commodity pits to offset losses in other markets.
Question! How will Wall Street bulls react to the fact that there will not be a rate cut this week?
TYX91101 4 years ago
That happened in the 80's and there may be a short sell off which would depress the price for a short while. But gold was in a bear market at the time. It's quite bullish at the moment. However, the long term downward pressure on the dollar will make gold behave a lot more like the late 70's. Also, we're going into a recession so investment opportunities will be more limited. More people will be looking at gold, and this will put upward pressure on the nominal price of the metal.
mariasman1 4 years ago
Thanks - you're predicting what has already happened. Gold's a long term winner. Cash out now and buy a barrel full when it's cheaper. The dollar is due for a prolific counter-trend rise. Thanks for your reply!
TYX91101 4 years ago
John, dont you think the fed will just keep printing money to solve this problem??
SGDeGalvez 4 years ago
they did. I just came back from the bank and I got all FRESH 100 and 20 dollar bills. You can still smell the ink on them.
BlazenJames 4 years ago
tonjg,
how do you think the ordinary public will react in the US & Europe when things start to get bad?
Do you think there could be rioting?
Mike1977a1 4 years ago 2
firstly, allow me to correct you on 'when'. A truer word is 'if' it gets bad. For every argument that says it's gonna get bad, there's a valid counter argument that says it's all gonna blow over, it's gonna be ok. Secondly, 'if' it gets bad I havent got a clue how the public might react. John's advice is best so far - stock up on food etc and get your house in order (if you haven't done so already).
tonjg 4 years ago
Thanks for responding tonjg,
You seem to be in the know!
If a finacial collapse occurs & continues when will the real physical economy start to be effected by the financial economy?
Mike1977a1 4 years ago
thankyou for that indication but truth is I know very little when it comes to fiscal matters. Some guys around here are far more clever than me when it comes to the markets and the economy and hopefully they will respond to your latest questions.
tonjg 4 years ago
Im watching a monthy/yearly chart of the FTSE & DOW.
It looks like the markets have risen a bit over the last week!
Is this a recovery or just bankers fidling with the system?
Mike1977a1 4 years ago
It'll be fun watching the nay-sayers scramble like rats on a sinking ship when the donkey shit hits the fan.
IwillFcukYouUp 4 years ago
hmmm: your profile says 'GoFuckYourself', joined Jan 22, name 'Iwillfuckyouup'. Been blocked recently have we? Your psychosis is kind of familiar...
tonjg 4 years ago
I have not blocked anyone intentionally. I accidentally blocked someone when I was using my iPhone to access the channel.
jpalme2000 4 years ago
Your comment is confusing - the naysayers have always been bears - hence, when the angel food cake hits the fan we'll float up to heaven and live happily ever after.
TYX91101 4 years ago
Regarding the collapse, Do you think that people on youtube in social networks are fully in control of these networks,is it possible that a 3rd party could be channelling subscribers to you
Do the people using these networks have the control or does some other power?
If this is true then this other power will be able to control the meaning of the whole group but not the particular meaning of each video.
you have become a central node! how can the users find out that the crash is real or virtual?
Mike1977a1 4 years ago 2
try getting out more.
tonjg 4 years ago
Stooge!
lostinthemix 4 years ago
The point i was trying to make is that everything about the collapse on jpalme2000's videos arent also being shown in the US & UK mass media, why is this?
Mike1977a1 4 years ago 2
thanks for clarifying your point, it's now easier to understand.
consider this: jpalm has been wrong sometimes but unlike the manofvanity he's had the integrity to come out and say it. The msm however cannot afford such casuality, thus they're far more cautious.
tonjg 4 years ago
ArchaicRevivalx2012 - If the banks are going under and the monopoly money they're cranking out at the banks is defeating it's own purpose, you might not want to advertise the fact that you're buying gold, because the banks might decide they need to confiscate it.
Just a thought.
SModikoane 4 years ago
I bought into the Perth Mint. It's outside of the USA and in Australia. The Perth Mint is guaranteed by the government of Australia. If some bullshit hits the fan in the United States, I'll fly to Australia with my certificate to pickup my money. I'll call them and tell them to fabricate the gold into coins and/or bars.
ArchaicRevivalx2012 4 years ago
john just to put the (my) record straight on pm's: there's only on kind of person that should be dabbling in pm's and that's one who knows what he/she is doing. Small is the number of such 'naturals' and great is the number of gambling amateurs. Thus again I agree with your advice on pm's, even if only to protect the less experienced from ruin. PM's are dangerous in inexperienced hands, fortunes can be lost overnight. It's a cruel game.
tonjg 4 years ago
Hi John, keep bashing PM. I've made a few thousand dollars from doing the opposite of what you said. Once you say buy PM, that's when I'll sell. You look familiar to me. Did you go to Cal State Long Beach?
GOLD: $29.834/gg $929.90/oz
----------------------------
SILVER: $16.65/oz
ArchaicRevivalx2012 4 years ago
Yup i've made some not alot but some money on G and S, but i also have guns, ammo, food, water filter seeds, got all bases covered.
lostinthemix 4 years ago
I didn't see laxatives in your preps list lost. You''ll need barrels of them when you start tucking into those efoods.
tonjg 4 years ago
HAHAHAHAHA
lostinthemix 4 years ago
They should put you on world news to spread the truth!!!!!!!!!!
catdog262 4 years ago
That would be cool!
jpalme2000 4 years ago
oh my, I just wrote the previous comment before the end of the video. Get rid of metals? Are you insane? Wow man, gold and silver hasn't even started its race upwards. Read Peter Schiff sometime. The government will print money indefinately and you can watch your paper in the ground dissolve w/the rest of the fiat currencies around the world.
climberchad 4 years ago
I know I have an unpopular view about PMs. I just don't see them replacing food or other survival items as stores of value. The challenge that comes up is that you have to know how to deal with silver and gold, and most people in the US do not.
jpalme2000 4 years ago
I think your logic follows Denninger (marketticker guy) -- I guess my thought, when it comes to PMs, comes from the belief that humans know their value in their genes. If you gave a kid a silver dollar worth $18 and a hundred dollar bill and asked them which was worth more, I'm sure you'd get silver as an answer.
There is a supply/demand equation to the dollar story, however, with nothing backing the dollar there's also a huge crises of faith story.
climberchad 4 years ago
john I agree with your pm views - I think that 90% of the pm buying frenzy is just herd mentality. People are buying out of fear and they're buying based on what others say. Lambs to the slaughter. It's ones own instincts that should be followed, not the rumour. A compulsion to talk and boast about pm's demonstrates cluelessness of what's really going on.
tonjg 4 years ago
nice summation -- I'd like to add that even during a deflationary period, gold can also go up. Fear can be a more motivating than market demand to buy gold or silver. Keep an eye on the dollar index as we could simultaneously see the dollar collapse, massive deflation AND massive external inflation all at the same time. It's looking like "the perfect storm"
climberchad 4 years ago
If there is deflation currently, where is all this liquidity going created by central banks? Some areas are deflating, but the money has to go somewhere- stagflation. Prices of commodities up because the dollar is worth less. The banks money was based mainly on valuations most of it never existed. Dot-coms were 'worth' billions as well. When inflation gets out of hand and money supply is restricted we'll have deflation, less money chasing the goods-lower prices.
hqlion 4 years ago
Gold, Oil and the CDN$ are all going up again....hmmm...what's next?
mthargoe 4 years ago
Why do you recommend paying off debt now?
Zen029sky 4 years ago
Debt service reduces your flexible response capability.
jpalme2000 4 years ago
6 pack of Goldtoe black socks at Costco $9.99.
Ba ba fo hi.
ArchaicRevivalx2012 4 years ago
Don't buy gold, take your U.S. Dollars and bury them in your backyard?? Bury a dying fiat currency 6 feet under your backyard is kind of poetic. Good thing you have the caveat at the end of every video that you're not a financial advisor. I still love your videos though.
GOLD: $29.603/gg $920.80/oz
---------------------------------------
SILVER: $16.55/oz
ArchaicRevivalx2012 4 years ago 2
Yep. Silver is a sleeper, but it will start going up like it jsut did.
JackNeedles 4 years ago
Got 400 oz silver 7oz gold cant wait for the shit to hit the fan...hehehehe
lostinthemix 4 years ago
did you get your pm's based entirely on your own instincts? or did you get them as a result of the talk of others? (be honest)I gotta feeling it's the latter. Either way our pm's are a total waste. They'll go down and take you with them.
tonjg 4 years ago
I also have an IRA, i want to make sure i have all my bases covered, nothin wrong with preparing for the worst and hoping for the best is there? Thx for the insight Einstein.
lostinthemix 4 years ago
I have silver and some gold, which will be great if all else fails. I always tell people that FOOD should come first, then guns and metals. Silver and smokes will still important.
JackNeedles 4 years ago 4
Toenail likes to chime in every once in a while and stir shit up, he's another clueless lemming. HAHAHAHA
lostinthemix 4 years ago
so I was right - it was the latter. But hey live the dream lost. You've demonstrated zero instinct and 100% herd mentality. When the crash comes you'll be king of your street, with a stash of pm's that no-one's familiar with. So what if you're dying of hunger, you'll still have pm's and an IRA right? Way to go.
tonjg 4 years ago
HAHAHAHA, i have enough food for myself, wife and daughter, 2 yr supply thx to Efoods direct. Once again thx for your insight genius! HAHAHAHA. Oh i forgot, i also have a Berky water filter, enough seeds for 10 yrs, solar power and 14k watt generator. Don't worry Toenail i'll throw you a PB&J sandwich while your standing in the soup line. HAHAHAHA
lostinthemix 4 years ago
ok lost your obviously starting to crack now so I'll go easy on you. Well done on your preps.
tonjg 4 years ago
I'm starting to crack because im prepared for anything? good analogy Toenail, like i said when i see you shitting yourself in the soup line i'll throw you a sandwich, hope you like mustard.
lostinthemix 4 years ago
goodness me lost I'm completely shot down in flames by the logic of your debate. I'm sorry if I touched a nerve - those pm's must have cost a lot of money. Anyway it'll all come back to you tenfold when the crash comes, brent said so.
tonjg 4 years ago
Talk to me when you can make some sense, that is all.
lostinthemix 4 years ago
ok, so how is your savings plan going? You know - for the webcam...
tonjg 4 years ago
imo smokes will be a far more powerful currency than silver during a crash.
tonjg 4 years ago
Just curious. The bank's 'losses' are write downs on assets. (which they value in dollars) How can a write down in assets cause deflation? Wouldn't they have to be real monetary losses? (ie. a balance sheet decrease in actual deposits/cash on hand/ etc.?) I can see deflation occuring if their losses make banks gun shy and prohibits them from saving while the businesses and individuals refrain from borrowing due to fears of a struggling economy.
cincom 4 years ago
oops, I meant prohibits banks them from lending.
cincom 4 years ago
Hey John,
I think you have contrarian views, which is cool, but I think you are off the mark with deflation. Yes, deflation in assets such as stocks and property, but major INFLATION in food and energy, which is what the average joe in the street relates to.
unicamrep 4 years ago 2
Thanks for the advice, keeping money in the bank is very risky now. Up here in Canada they're talking about cutting the interest to match what the Fed is doing. They are already planning a cut at the next meeting.
mthargoe 4 years ago
This comment has received too many negative votes show
This guy John is a scare mongering "idiot" who does not get his facts right...
biggori 4 years ago
Ouch! Can you point out the specific errors? Scare mongering? I just point out what I see is going on. It's not sugar coated.
jpalme2000 4 years ago
Deflation? Hardly. When borrowers repay loans to banks, money is literally destroyed. When they default, the money stays in circulation forever. Since this video was posted, gold, silver, oil, and food commodities have all gone up in terms of US dollars. There are vast amounts of dollars sitting out there like unexploded bombs, in foreign central banks, corporate jumbo CD's, Euro dollars, Fed repo slosh etc. etc..
JiveDadson 4 years ago 2
Great info & advise!! Excellent video as always. T/Y!
eye8one2 4 years ago
Hi John, you'll probably block me out for two weeks again for this, but you got it wrong... again. Gold goes up in times of uncertainty. Oil is mandatory in the emerging markets and the global economy. As the dollar falls in value, oil goes UP. Everyone, BUY GOLD stocks and OIL trusts. Buy Canadian oil trusts, they pay from 7% to 20% in dividends in Canadian dollars. Purchase infrastructure, mining and energy stocks that pay high dividends in Singapore, Hong Kong, Australia and Canada.
ArchaicRevivalx2012 4 years ago
I welcome other people's views. That's why we have such a lively comments section. I only block when someone spams or is abusive.
jpalme2000 4 years ago
It's possible the reason oil is going up is because it is being used as a currency like gold. It would be one way to fight inflation/deflation and store value in some manner. It is is also far more valuable than gold because we use it in everything and especially in industry to make profit.
LuciusBrutus 4 years ago
As I've said before - the FED can bail out the system at any time - like they did today. The time to freak out is when the rate is down to 1% - but even then, they can change the fractional reserve rate. I'm betting on inflation, not deflation - but who knows. (actually stagflation)
jdcremin 4 years ago
John, I think you're overlooking the fact that many countries around the world are about to dump their remaining US dollar reserves. This will ensure there is no deflation, but rather this combined with printing more money/lower interest rates (cheaper money) will ensure hyperinflation.
DangerousCombination 4 years ago 3
Even the experts can't predict the recent markets. Your guess is as good as any!
boss79 4 years ago
Great video. You said If we had some thought, we could post them. I guess I disagree about Gold and Silver. I do own some, so someone with a personal investment isn't a reliable witness because truth to them becomes what they want it to be. My thoughts are, even if we have deflation, what will we use to trade services? We could use food, but I feel gold and silver are just a great medium of exchange. Any thoughts on that? Cause I am just confused how we will continue to barter.
ljpforever 4 years ago
"Gold is money. Nothing else." --J.P. Morgan
Look, if I bought a house for 300K and I default. The person who sold me the house had the 300K. The bank gets bailed out, so they get the 300K back. Now there is 600K in the system, that's inflation, not deflation. How are we losing money? Where is it going? I am betting on hyperinflation, espesially once the petrodollar crashes. But I agree, keep some cash on you. Thanks for the videos. I think you are helping people.
xxx12345yyy 4 years ago
just thought i'd add a couple of euphenism's john. the fed is nothing more than having count dracular in charge of a blood bank or we are not sinking, we have just stopped to take on ice, you guessed the titanic
daveextra 4 years ago
John,
Mostly agree with you but the world is not falling apart. With deflation the dollar will probably strengthen. However the dollar will not drive commodities as I saw in a comment. Demand will drive the price of commodities. For that reason, everyone should start rotating their money out of commodities and equities and into bonds until the rate cuts are through which will probably not be until we get to zero percent on short term rates. You know my view on this from the blogs.
refurbsystems 4 years ago
The bond market in America will crash. That's the final shoe that will seal the American Empire's doom. Someone else will have a turn to steer the ship of world destiny.
ArchaicRevivalx2012 4 years ago
Very true. Usually, you'll know the gigs up when the Bond market crashes.
JackNeedles 4 years ago
Guys, Remember that a 1% increase in long term rates equals aprox. a 15% decline in market value of a 30 year bond. This applies to all credits including 30 year treasuries. It only takes a 2% increase in long rates from here to wipe out 30% of the average joe's bond portfolio. It will be worse than this.
chipleyfla 4 years ago
just to help you along a bit john, look up the term "monolines" it may help you in your quest to find where the next twist to the running saga will turn up next. when you made this video, you did'nt know the fed was going to reduce rates by 0.75 ponts. this has brought about a temporary rally that will not last long and actually make matter's worse. you need to get a grasp of what credit/dept really is and what value is. i hope this does not come over as patronising.dave from england
daveextra 4 years ago
Good Show, but I disagree with your prediction on commodities. The direction of the dollar will determine how these items will perform. If it continues to drop then commodities have to go up. If the dollar strengthens then I would agree with you.
rstora01 4 years ago
I say keep buying metals because even if deflation does happen, you can use the low prices to by more gold, silver, and food before hyperinflation sets in.
JackNeedles 4 years ago 2
What is the difference between inflation and hyperinflation?
markymarkuss777 4 years ago
Inflation: United States in the 1990s. Hyperinflation: Bosnia during the war.
kailynleto 4 years ago
LOL, the %.
xxx12345yyy 4 years ago
I like your videos. But I have to disagree with you about gold and metals. The US dollar is falling and the world is losing faith in our dollars. Our government is spending our saving on war and blowing taxpayers money. We are doing the same thing as Russia(1998) the so called other super power before the fall gold was about 1,500 rouble today 21,000 rouble. We are printing money hopeing that will help. If you hide you money in your yard. You will still lose your monies value.
Flexlee 4 years ago 2
btw, what's the true threat of deflation? is it because there's less money in circulation to pay off interest from debt?just trying to understand the primary principle and threat.
talktal 4 years ago
45 trillion is a mighty steep number. i think the housing market at its peack was valued at 44 trillion, where as the true value was 24 trillion. that would be a loss of 20 trillion in home equity alone.
talktal 4 years ago
John, I got the impression that you pay too much attention to specific US problems. The economical system of the US lost much of its worldwide economic gravity during the last decades. The economies of Europe, China and Asia are now more than just US-appendices; I am sure they will show some resilience to whatever happens to the US banking system. The price of Gold e.g. depends quite a bit on private demands for it in Asia and China.
Bernd1964 4 years ago
Man ... I understand that there will be contraction of money amount (deflation), but common this is still only fiat money! Do you expect that people will have trust to this paper notes? Or rather to real money gold.
SolitonPL 4 years ago
dont dump all your cash, FRNs will still be accepted after any crash simply due to habit, and recognition,most people arent familiar with silver and gold values. REMEMBER people have to adjust to a "new" economic system as in new to them
gypsybiker45 4 years ago
good call gypsy
tonjg 4 years ago
JP
What do you think about Buying UDN which is an eft short the dollar and or Buying SLV or DBS more eft's of silver? Is that better than sitting in cash u think? I am not one to go out and buy actual gold and silver. I would rather buy seeds to plant in the ground at that point which I have.
OpenMind00 4 years ago
Almost 9:30. Here we go. I feel like I just climbed on the biggest newest rollercoaster in the park, and I just took off like a rocket with the maintenence man waving his arms and screaming " Stop, Stop, the track is broken!"
Enjoy the ride
acousticsailor 4 years ago 3
You need to pull all your cash out of the banks before the go bankrupt and buy gold
GatesOfGaia 4 years ago 4
I like watching your videos so when I talk about the economy I can sound educated
MarkFrankJPN 4 years ago
Emergency Federal Reserve Cut of 75 basis points. Yes, expand the money supply. That's what we need (jk).
MaverickCentricity 4 years ago