Second Meltdown Coming In 2009

[DeathOfTheDollar2010]

Great Video!

DeathOfTheDollar2010. Blogspot dotcom

[GaryNull]

how come pot is at $200 an ounce?

[tjsage79]

This is whats happening in the US and why its failing....The tax payers can no longer pay for the rest of people and their children who do not pay tax.

80$ per child in a US school, with 10+ children in a class whos parents are not paying a school tax. Thus raising the bar for tax payers to pay for those who go free.

The same can be said for the non paying tax people who use our police, hospitals, roads, jail, and even taking in gov money??

It is not much longer that the system will crash

[JRBeaman]

Mid August 2009

Gold is now at 950.

Silver is at 15.

Gold and silver are your only hedge against inflation.

Just remember that a new car cost the same number of silver dollars in 1950 as it does today.

[pixovilson]

they know things need to change in a big way to hold it all together without superglue.

[pixovilson]

basically they have just superglued the problem.

[pixovilson]

but all the money in the world to do it with.

[pixovilson]

they have a hard job.

[someamericanlady2cnt]

OMGosh, these are funny comments. I saw that skull and bones movie a long time ago. It was so funny- a bunch of preppy dudes running around in jackets and having sinister plot. So someone thinks this movie is true? hahaha.

[icecreaman42013]

No the movie is just a movie. But you might go study the actual secret society called Skull and Bones. That they exist is not the secret. What they do is the secret. Their existence is a fact.

[Questfortruth86]

"Plan A" couldn't work, the government is not able to correct economic imbalances, that is the job of the market, and of individuals. The FED cutting the federal funds rate to 0.25% only perpetuates the problem, expands the malinvestments, and furthers the disproportionalities between prices and production.

[lcascio313g]

our country has completely lost its way. people dont know about true politics anymore they believe everything the tube tells them.

ftw

a video of michelle obamma's outfit has over 2 million views.

this video has 30,381.

[RobBryan206]

Damn good video!

[myspacesecrets]

thankyou...thanks for watching.

[commonsense2008]

you got that right dude. People are sheeples, and truly believe Obama will make things 'better"

without knowing what really plays. Obama continued Bush's course, a bit like Roosenvelt following up Hoover.

[catlady4justice]

If your old enough to remember during Jimmy Carters rain of terror the price of Gold went through the roof when it got to nearly $1000.00 the market crashed folks lost Millions to the Elite.....

I feel this buy gold is a scam they did it once they will do it again.

Wage Peace

[justmks]

Hyperinflation?!? Apparently no one has informed the TIPS market about this. It's predicting low to negative inflation.

[ksmith55555]

TIPS are tied to the CPI index. The government has a conflict of interest in reporting true CPI numbers - because Cost Of Living increases and TIP rates are tied to the CPI, it is in the government's financial interest to under-report.

[ihatebadmusic41566]

thank you your the first one i have herd who acctually listens to other news networks that are not controlled by the US government

[curious220]

Well, u know what?? It's time for a New direction! America consumed too much & saved too little!! We abused our way of life by americans living beyond their means and taking things for granite!! We never once stopped to say"hey this is too good to be true lets check into it"..We splurged(glutton/greed)!! Just want to look or feel special, now look what happened!! So don't give me that shit about "i need it to get better so i can keep my things"..ALL ILLUSION!!get over it!Third world here we come

[inkey2]

to curious220: I never take things for "granite"....although I have occasionally taken things for "cement or marble"

[EliteURBX]

Another good clip from another smart Aussie.

Mate, I agree with pretty much all of what you wrote, but let me add a few things:

1. The upcoming depression will provide the prepared with a heap of opportunities. As far as I'm concerned - BRING IT ON.

2. The wanky US dollar bubble is the last remaining bubble to be burst. Once that pops, it's every man for themselves.

3. All this was preplanned. The events that have unfolded were visible a km away. The same is true about what is to come ;)

[myspacesecrets]

great comments Elite.

You are one of the ones that are awake. Congrats.

[EliteURBX]

Yeah.....finally I can make some money on someone elses scam.

Out of curiosity, did you invest in puts last year?

[StrangerThanYouKnow]

"All this was preplanned." By whom and for what purpose, EliteURBX?

[philokiko]

illuminati ,bilderbergs , cft ,bohemian grove,skull and bones ,vatican etc...

[StrangerThanYouKnow]

Thanks, philokiko.

[scorpiusaries]

whats that about?

[EliteURBX]

The jewish elite - Rockerfeller, Rothschild and co. To have greater control over citizens. This will be done through mass purchase of assets at bargain basement prices. A greater number of organisations and assets will be owned by a fewer number. This will leave citizens with few choices and less options. Citizens will be more desperate, they will accept a lot more. There will be a shifting of class. The upper class will be a lot smaller, but much, much more influencial & wealthier..blah blah :)

[BytesCameraAction]

ive worked hard for what little i do have i dont feel like sharing with people that have not. it will take out any incentive for people to succeed just as it has in russia.. they all get a bag of potatoes whether they work hard or not. im assuming you do not work hard curious220..lazy people want socialism i do not

[curious220]

They need to collapse this economy because, capitalism in this country was full of greed & corruption..! Now the New World Order about to bring socialism not only to america but, to the whole world and i'm all for it!!! It'll put people equal to others without all the upper class and lower class..it'll just be one class..!!The american people!! It'll teach people to pay it forward, instead of just sitting on your assets and watching everybody around u suffer..! Thats the change i'm looking for!!

[scorpiusaries]

you are on the wrong program.

[garynorthtruro]

its not a meltdown so much as a remolding of the economic model. good things will result if one can survive the really nasty transition

[curious220]

I figure like this, Obama came out of almost nowhere and before he became president people were saying he's not going any where, he's not going to be president, he's Black, he's not going to be president because he's inexperienced all that and now he's our president...Now everybody's talking about how the economy about to collapse what if it don't and then what....? What people going to talk about next how a comet about to hit the earth,,lol lol lol it's all junk!!!

[tordevon]

thunder777 If you had anything intelligent to say - it was missed. Your racial overtones expose your idiocy and leads to an overall lack of credibility.

[thunder777]

well now, there's no reason to get antsy. Mine was a response to curious220 and his overzealous view of Obama's potential. The "racial overtone" was nothing more than a jab at those who voted for him on the premise that he is black. Racism in general was not used in my comment. And your pseudo-intellectual over analyzation of my obviously serious comment is most appreciated. Obvious troll definately should have been obvious.

[DMRxxxRAR]

Curious220, look around you! Obama can't get your country out of this...America exports??? Debt!! No one person cannot stop this. The American (western society) empire and finance systems are at their expiry date. As a bank employee I saw this coming 5 years ago. The debt and over inflated prices of goods and services and debt in general could not be sustained by us.

Watch the USA pull all of their military back when the next hit comes...power will shift also...the USA superpower days are over

[BewareTheBeast]

The New World Order is making the final push. I got rid of my UK £s a year ago.

[curious220]

If Obama turn this economy around, i want to look at the same people faces that was talking about all that economy going to collapse stuff....We can't collapse it's all fearmongering....!!! Obama bring us out he might just be te next world leader..!

[myspacesecrets]

LOL omg...

here is a tip stop watching bloomberg and CBNC.

oh and u aint seen the fear yet!

[thunder777]

HAIL OBAMA CHOCOLATEY FUHRER!

SAVIOR OBAMA WILL GUIDE US TO SALVATION!!!!111oneone!

scary scary....

[WhatsUpWithOurWorld]

Your optimism is childish. Capitulation in the financial markets is not even near. Commercial real estate has only started to pop. Yeah, we'll have recovery... in 2050!

[ddubrul]

5 billion??? pssssh. The U.S. spends that much on bailing out the porn industry.

[Robstein7]

lolllllllllllllllllllllllll

[bboymarcel]

dont you still know that money doesnt exist??? its only invention...all what is real is that humans are electricity...conductive multiplying electricity and magnet...agressive eletcricity which repeats..and time doesnt exist either,cuz electricity and recharging from repeating is not time...becuase time doesnt exist...so this world is finishing...it staretd alterady in 2001 ... 21st... psychiytrists already know whats gonna happen soon because they are cleverër than all other human organisms

[lapmedong]

Obama will make things worse by raising taxes on people making over $200,000. That will further hurt small business and will lead to more layoffs, higher prices of goods and more people losing their homes.

[miguelsotoseudonimo]

Obama has nothing to do with this. Neither he, nor any other other Politician is able to stop (why stop it anyway?) the deep financial&economic regeneration the world is going through, which is happening and will be happening ANYWAY, no matter what. The same thing would have happened with McCain.

Obama?. Poor guy, honestly. What a waste of brightness, intelligence and humanity. People were right when voting for him, but he really chose the wrong job, or the wrong moment, or both.

[lapmedong]

obama is a puppet for the nwo. wake up dude!

[lapmedong]

the coming crisis...

1. Collapse of the Commercial real-estate mkt.

2. More fall out from bad derivatives....1 to 2 quadrillion still out there and certain percentage will go bad.

3. Collapse of U.S. Treasury bond mkt.

4. Hyperinflation *(about 2 years out)*

5. Goodbye U.S. dollar *(the end which will lead to chaos and civil unrest)*

6. Food prices will soar and price controls will go into effect . and widespread shortages will occurectect.

[Mulfia]

Don't forget about Bill BR 645, your friendly fema camp to take you in during this time.

[Secretvideo09]

# 6 will be the cure for the obesity epademic in America. LOL.

[lapmedong]

Plan A the banker bailout was about America bailing out foreign investors to the tune of hundreds of billions of dollars. They couldn't tell people that so they made up a cover story about buying back the bad assets.

The main st bailout is all about making Federal Government bigger. The money they're giving the states has many federal unfunded mandates attached to it. Also, the states will have to pay a certain percentage of each project funded at a time when revenue is way down.

[chick7489]

I'm glad that if I need help on something Youtube always shows me how to do it. haha I never knew so many people were so informative!

[llshamelessll]

car repo man is the only steady job and security guard since theft is rising

[SurvivalCell]

Good one. I have been thinking the same thing and I don't have a job right now. Archaeologist anyone? I think this man is Austrailian judging by his accent. Nice job.

[huynhminhtri]

Bristish man is right , second chao should come and it 'll stay as long as 5 to 7 years on the roll....

[BRAIDERMAN]

You vet your comments too eh ! - don't want to get too much criticism - too bad.

[BRAIDERMAN]

Look - if the US $ crashes it will be Xmas time for the US industries & farmers that export. Those US goods will be so cheap on the world market.for the US producers. It will have the effect of increasing employment in the US just to make & supply those goods.The US may eventually gain back a trade surplus for itself. All the US consumers have to do is 'Buy Made in America" - don'y buy any imports - they will be too expensive. US companies now in China will relocate back home where its cheaper.

[Rockgenious]

You are right. That is exactly what they are trying to do, unfortunately we will have to suffer. Also as a sidenote- I tried to buy Iraqi dinar, their currency and all the banks I went to said no, they are on some "hotlist" and I cannot get their currency unless I go to some country that has it. I thought if inflation happens having an unrelated currency would be a good idea.

[llshamelessll]

i look around my house and dont see hardly anything made in america....everything is made overseas

[BRAIDERMAN]

I think you have just specified the main problem in our economy. Too many consumers have too much debt in house loans / car loans / hire purchase etc. When consumers start getting their house in order by reducing their debt, then the market place can start re-organising a more realistic marketplace for goods & services - prices will have to come down, as well as wages. And we are all going to have to work harder for our daily bread. It won't be a bad thing in the long run ! -

[zeitgeisthero]

economic deppresion !? what happen to little bunnys and sunshine rainbows ?

[nevek1111]

Has anyone considered how they are going to sell america on the idea that your debt survives the crash but thiers doesnt? Is this perhaps an adroitly concieved machination to cause civil unrest to warrent martial law? PROBLEM REACTION SOLUTION

[UTubeFreeMind]

People need to pull there finger out & have a go. The US Federal Reserve is a private company OK. The bailout has been architectured. Obama will fail the same as bush. The CFR & DEBT SLAVE LORDS will profit. But people still have their TV ON but there thinking OFF. Society drinks too much fluroide dumbing you down one cup at a time. When the US $ turns to a Amero (new peso) you will wished you turned iff the tv and learnt how to make & store food, collect water or Build a Bedini. Ron Paul 2012

[myspacesecrets]

the second part to this vid is coming in about 24 - 48 hours.

Cheers... myspace =)

[davfritz]

Greed and selfishness had reached its zennith, and now its time for a wake up. I only hope we don't get WW3, or fammine. Anyone who thinks that is not possible is simply unaware.

[KhmerD0g]

luxurious real estate of Dubai is pretty much dead.

there will be a revolution for some countries. i hope it will be a peaceful revolution. there are many groups in the U.S. seeking to secede from the union like the Lakota indian, Texas, the Second Rhode Island Independence, Alaska, and the Dixie.

[davfritz]

I have a terrible fear that if food supplies are severely affected in too many places, this could unleash suffering beyond imagination. This may lead to refugee crisis and war beyond the wests coping capacity. Then, we will all go through hell on earth. Instead of governments spending their "stimulus" and bailout money on briges and wall street, they sould spend it on increased food production. They are blind and criminaly incompetent.

[7299MM]

Incompetent?

Either that or they know EXACTLY what they are doing!

[quit2day]

I am getting hammered and my 401k is dying in the ass badly.

ANyone know when we will hit the bottom of the stockmarket.??????

[KhmerD0g]

when the dow equals the price of gold per ounce.

[marchone7]

my ice cream is melting i better lick it before it go

[coultrane]

Prime Minister François Fillon on Monday rejected demands that the French government seek to stimulate consumer spending, rather than follow his plan to stimulate corporate and infrastructure investment, to lift France out of its economic slump.

Trickle down bailout?

[daddyd852]

all of western civilization opperates on credit,it will go here first

[fishingthewatershed]

A hyperstagflationary depression. Worthless money and no jobs. What can pull us out of it? Extreme measures may delay it, but I have yet to read ANYWHERE of ANYONE who has a solution that will keep the economy from the high speed impact it is heading towards. Easy credit drove the economy and now massive debt will kill it. 3 cheers for those of you who had the insight, self control, and strength to keep out of the tar pits of debt, for everyone else, don't give up hope, prepare,prepare, prepare.

[miserkocho]

good luck every1,hope your all debt free and prepared.

[quit2day]

wow great channel. I will have to keep coming here. You vids are spot on....love the analysis. Keep them coming myspace. you rock!!!!

[myspacesecrets]

thanks quit. I will try to keep up to date. Things will start falling at an exponential rate soon.

Thanks for watching!!!!!

[huskie767]

Time to short gold!!! Don't be fooled! Go Short......the stimulus bill may cause another small pop then like the last stimulus ........assets like gold will fall. be careful.

[wrb1957]

Good point, Huskie. I've seen where a couple of gold traders are calling for a temporary drop below $800 and one who has called for a temporary drop to below $600 before it spikes back up and off the charts. For folks who have gold coin and bullion on hand, don't fret. Just hold on to it. In a few weeks or months, it'll go up like a rocket... Traders can make some quick bucks, though...

[sugarraygras]

It really is like the lunatics are in charge of the asylum.The idiot switch has been turned up to ten. "Those who dont know their history are doomed to repeat it "Houses have dropped by 15%in england in 08.The view here is that we will see them come back up soon.I dont see it that way. In my view its coming down by 50%.Then ten years to recover its 2007 valuation!Watch and see!

[sugarraygras]

People have been living on credit with the view that their house will rise by 20% per year,oohhps!But they still believe it now.The media keeps calling it a correction in the market.Lets try something more historical and yet more to the pointCRASH,CRASH,CRASH!!!There you go ive said it,but I dont feel better for it. We will all share the burden of the greedy people!

[sugarraygras]

Its time to put the old dog on a string and learn the harmonica,and how to ride around on open-doored freight trains, I suppose.The depression is here!!Thanks a lot you greedy bastards with no sense of history!!!

[sugarraygras]

If I saw this coming three years ago based on very layman understandings of the economy,why couldnt the so-called experts.This was treated like a conspiracy theory until last year,and the experts seem genuinly confused about it!!scary! Increase the peace!

[peltecs]

Everytime I see a MSS video in my queue I get a slight thrill....never has gloom and doom been so exciting. :)

[wrb1957]

Keep an eye on California, folks. It just may be the first place in the U.S. where the wheels come completely off of this little red wagon. From Lebanon to Madagasgar, from France and England to Argentina, from Latvia to Haiti, From Iceland to Thailand and Indonesia, around the world, the number of riots and incidents of civil unrest is growing. ...and that doesn't include the very long list of on-going conflicts and civil wars...

[KMSbear]

Thanks Myspacesecrets!

[myspacesecrets]

np thanks for you kind words, and thx for watching.

[madhuradi]

there were two roads

one was easy but was bad

other was tough but good afterwards

you took the bad road! game over!

[nibid420]

Yes you are right...it's gonna be survival of the fittest !

[igotflickedoff]

5 stars myspace. Its like you are on the outside looking in. Not like us, on the INSIDE looking OUT.

I love your commentary on this. been listening for months and have been learning heaps from you. You are awesome.

This is a horrible mess. Do you think Obama is the key to finish this mess myspace?

[GULRUDJ]

There is no solution becuase we have been building a bubble for 10 years. We don't have the resouces to live the way we used to, so printing money will just cause inflation.

[illuminatikey]

Dudes this is the only channel i need. Thanks myspace for another brillant piece of work.

You predictions are awesome. Thanks again, please keep posting. This is too good.

[lupoforme]

Game over! Great analysis.

[bluzy25]

myspace one question? If hyper inflation is going to happen, wouldnt it be best to borrow to buy things now, that will cost more later? provided I am not in debt already?

[myspacesecrets]

NO pay cash. There is no need to get into debt if you dont have to. Depends on your circumstances i guess.

[slobomotion]

I hope so!  It used to be very dear to us.

[haole80]

who cares about kmart and sears i might have been to each once or twice in my lifetime

[aceyorba]

California's unemployment rate is now 10%..actual number is closer to 20%..THINGS ARE GETTING UGLY IN THE gOLDEN STATE..

Arnold is in BIG trouble...bailouts on the way for california. we need 48 billion..

.lots of vacancies popping up..resturants are quite..Sears is doomed,

Pier One and Saks are goners..the automalls are hurting Bigtime.

"Last one out please turn out the lights"

[slobomotion]

I, too, am working class. I started saving twenty dollars a week when I was 20 years old and still do it. I paid cash for an apartment in NYC and then for another apartment in a suburb of Paris, France. I have enough now for an apartment in Paris itself. I haven't had a steady job since 2000!

Good for you on your purchase. Smart!

[TheCZMan]

Wooooo... Savings must have ramped up since those days. 20$ per week makes 1040$ per year, requesting 100 years to build up the 100k€ needed to start buying into Paris inner city.

I would not be surprised to learn that part of the trick was accomplished through the inflation of real estate and/or cutting down on other spendings like healthcare.

[slobomotion]

The 20 a week was the minimum. ASAP I increased that. I lived on a budget of five dollars a day. This started back in the seventies. The first apartment was a J-51-type and required $6,000. The second, in suburban Paris, I put up half the 90,000 required (with future spouse). And so on.

And you're right, if I didn't have job health benefits, I went without. Until 1994 when I got really sick, lost my job . . . had to move to Europe to get healthcare. Best to you!

[TheCZMan]

You could have included the sales price of the first flat for a complete picture.

It is the only piece of information missing to confirm my little guesswork.

[slobomotion]

I never knew the actual price (!). Everything was tax-free for the first ten years, and there was no conventional mortgage that I could understand.

This type of project was very good. A block of abandoned 19th century apartment buildings in a horrible nabe in Brooklyn, NY was gutted, rehabbed, and "sold" to the low end of middle income people.  The very low end. This horrible block turned around and businesses came back. It was cool.

[curiousEGM]

Another insightful video myspace! What is going to happen to all of us if like you say, a period of aggressive inflation leads to hyperinflation? I guess it will lead to a massive hyperdepression. This is a particular outcome as part of the second meltdown you describe. What do we have get used to, affordable inflation? Economists are mostly hippocrites. We DO have inflation and it will strip bare a common worker's wallet as it increases, you'll witness that as inflation swallows its victims.

[myspacesecrets]

This deflationary period will last and we will see significant inflation down the track which will cause horrific events. Most people wont be ready or understand what is happening.

[curiousEGM]

I was afraid you would say that. This means we are strapped in for a very long, LONG time of economic stagnation as countries try to figure out what will the best route will be for capitalism (sigh!). Right now the inertia is to continue pumping zillions of US Dollars into a bottomless pit of need & flat out greed. I'm on to your views. Thank you for this info. This is high noon friends.

[cybersphere]

BTW, house prices absolutely have to come down in Australia. A comparison of median house prices with median household incomes in Australia, Canada, Ireland, New Zealand, Britain and the United States found that Australia had the most cities in the "severely unaffordable" category - where house prices are more than five times the median income.

[MonkeyInAHumanSuit]

Yes, house prices in Sydney are a JOKE! I WANT house prices to drop, then I can finally jump into the market....When the time is right and as long as my job is safe etc

The govt is throwing between $14,000 ( if buying an existing house ) and $21,000 if building or buying a new house ) at all first home buyers. So technically I am entitled to this money. It all sounds enticing, but stuffed if I'm going to get a mortagage based on this gievaway only to find the house price drops 10% - 40%.

[psxwarrior]

Funny how at around 4:10, it looks like chemtrails in the sky. Figures.

[cybersphere]

you think they're trying to dumb us all down?

[cjtkvincent]

I'm pretty dumb without any chemtrails! Seriously, I don't think there is a need for something like "chemtrials".  Plenty of dumbness amongst the sheeple already.

[solarisgalrocks]

don't sell your gold.

[cybersphere]

Funny, I just read today that it would be a V shaped depression and jobs would bounce back in the 2nd half of 2009 just as fast as they were lost in the 1st half.

Still, that's the mainstream media for ya.

[JackNeedles]

Yes, this will be a global depression. The second wave in mortgage defaults, which is much larger than the subprime crisis, will completely knock the US economy off of it's last leg when we see it burst - not to mention, higher unemployment obviously means more people will be losing their homes. The last depression was deflationary, this one will by hyperinflationary. I'm just waiting for the bond market bubble to burst. The UK will be the next Iceland too, but on a much larger scale.

[curiousEGM]

Hyperinflation will destroy America. It is a country has never seen the real effects of worthless money. It would have been a great lesson to have understood how a nation like Argentina was fleeced by inflation and how they ended up changing their currency several times to dupe its people to avoid an economic holocaust. Look for a currency full of zeroes Zimbabwe style if inflation kicks in. Sorry pal no Amero, just plain old inflated Dollar. Pride is too far embedded into Americans.

[laurieannek]

Wake me up when we get the new One World Currency. Zzzzzzzzzzzzzzzzzzz

[DurAR89]

awesome job man, and I love your accent. Australia is interesting place. I'd like to hug a Koala bear and a Kangaroo.

Anyways, thanx for helping inform people. Sub'd, fav'd and friend invite

[myspacesecrets]

thx,....i'll hug the ones in my backyard for you LOL

[hindoocow]

Just watch out for the drop bears dude :)

[MonkeyInAHumanSuit]

Gday mate, great info. Great to hear and Aussie tell it how it is.......Would love to hear your thoughts on property in Oz i.e any ideas if it'll drop? Especially in Sydney And what type of shares should we should look out for, in terms of good opportunities.

Cheers and a few beers!

[cybersphere]

There's a number of articles about increased foreclosue risk in Australia due to rising unemployment.

More people unemployed=more people who can't pay their mortgage=more distressed mortgage sales=price drops. Also, many buyers won't buy in a falling market, which just makes the prices fall faster.

Take a look at california. House prices have nearly halved since their peak 2 years ago. They said it couldn't happen their either.

[MonkeyInAHumanSuit]

Yes you're spot on Cyber. That's how I pieced it together. The problem is we have so many conflicting reports .One 'expert' says prices will bounce back big time ( which I find extremely hard to believe ) and the others predict a price drop between 10%-36%. We have a housing shortage in Sydney, rents are way up and some feel the shortgae will stave off a price drop in housing, but I guess if a sever recession hits and the points you outlined come into fruition, prices will really drop...Cheers!!

[centervilletn]

webbot is calling it the summer of hell already,

[elmuneco12]

i wouldnt put my chips on webbot.!! lol...there not reliable

[centervilletn]

kmart went bankrupt just a few years ago this time its over forever for them...sears too...i dont expect to see them a year from now..

store shelves are emptying here...stores are changing out their tall shelving for short shelves...ive been waiting 3 weeks for a new dryer plug from my local hardware store...i havent shopped at lowes because im trying to support my local folks..he tells me that shipments are taking a very long time...

[elmuneco12]

where da hell u live son! boise idaho???lol....here in manhattn..u got everything!

[centervilletn]

american companies reported 72 k jobs just on monday...i wonder it we will have 1 million or more new unemployment claims this month...oh wait...it takes 2 weeks before you can make your claim..thats why they wait till the end of the month to report scheduled layoffs..

[elmuneco12]

im still waiting my paycheck! fucking assholes! if i didnt call them..they would of delayed my check!! all bullshit....be sure to confirm everyweek...with unemployment....

[rOromfue]

thanks for your information... very interesting... i agree with the others here, its hard to get good raw aus commentary except for here. When we read aus media about the state of things locally, you have to read between the lines behind the lines, behind the spaces between the lines etc.....I like to avoid reading & watching mainstream aus media about anything.

[myspacesecrets]

thanks, A great comment.

[hicks076]

the Daily Express paper in Britain did a front page article on Gordon Brown hailing the bloodbath on job cuts as the "birth pangs of a new global order" and he even predicted the current financial crisis 10 years ago!! is he taking the **** out of us!

[Travinyle1]

Good video thanks

[themeaningoflife38]

Why help the banks?People with no job cant get a loan.THey say its a consumer based economy,so unless the consumers have jobs then they cant spend.Unemployment is what the problem is.I think were screwed though because our gov is a bunch of crooks & liars.And idiots too.

[DavidAKZ]

yeap !

[Pikers81]

Thanks for the update on the Australian economy. It's hard to find info on how the Aus economy will be effected in this global mess.

[MakeCakeNotWar]

I agree with this. Finding Aus specific economic commentary is really hard. Thanks

[escrotumus]

Great videos mate. We are all right there with you.

[myspacesecrets]

escrotumus, Thanks very much for you loyalty.

[slobomotion]

I am blessed by God and shouldn't become proud. Interesting message!

Thank you.

[DropThought]

just youtube 'bill cooper alex jones.' and don't let your brand-name religion get in the way of truth. if you hold the ways of Jesus with you, you're doin what he wants you to. avoid the crazy bandwagoning and branding.

[DropThought]

Nah dude, he's just a marketer and a fear-mongerer. Listen to Bill Cooper's take on Alex Jones here on youtube brother.

[themeaningoflife38]

What about the Fort Knox Gold?Can we go back to the Gold standard so our money is actually backed up by something?

[DropThought]

they jacked it in 1933(i think) watch the money part of zeitgeist(online)

[dixiegirl999]

As broke as our country is, how do we even know that Fort Knox even has gold anymore? They are sending all our money and assets to the world bank.

[slobomotion]

Spot on, as usual! Great channel. The downgrading of Spain and Italy are of concern, as is the potential downgrading of France. Why do you think the U.S. isn't being downgraded?

One thing that's struck me in the past six months is how hard-hearted I have become. I find it hard to pity those who've lost their homes in the U.S., for example. I question myself on my attitude. I never bought real estate I couldn't pay cash for, in total, and only when the price was correct. Shame on me?

[cjtkvincent]

I think a lot of people's problems are self generated. So many people spend beyond their means with easy credit. Yet some compassion is needed or our world will get rather ugly.

[capcom101you]

Appreciate all of your insights.

God Bless and All the Best as always,

Capcom

[FelipeSparx29]

The Summer of Hell 2009

[wrinkles1931]

Myspace...I subscrible to several financial/economic web sites...several of them have come out and stated the dollar will probably not fall nearly as much as expected due to the problems with the Euro and the BP...whats your position on that?

[Shadowaloner]

Great video and great job. 5 star.

[PerfectFuNK]

Here we go!!!! Thanks for the update mss

[jtmoneyky]

what 'things' should we expect to see? 5:00

[quietdisdain]

What things?

Riots. Martial law. Social collapse. Infrastructure and grid damage. Revolution.

[truthsabre7]

75,000 lay-offs anounced yesterday and the market goes up?!

[andrewebisu]

Hi MySpace,

Awesome awesome. So are you feeling that Australia could have hyperinflation like Iceland? Keep it coming my man. Thanks for your reporting.

[sticuhor]

ty for the update. I think it is amazing that ppl still do not seem to see the trickle down effect of all that is happening. More job losses=less spending at businesses=businesses laying off more people=less spending=more job losses, etc. Where does it end? It is frightening to think about it.

[wrinkles1931]

Thats a normal cycle for a recession....wether or not we have a depression is debatable...several well known economists have recently changed thier minds and now think we will just have a fairly deep recession....I'm not jumping on either band wagon...the plain truth..is nobody knows eactly how this will end.

[wrb1957]

Thanks for the update, MSS! I do appreciate it.

[Dekapons]

do u guys think gold will still drop , or is it just going to keep going from now??

[becauseicare2]

I hope it drops!! I need to make a large purchase in February.

[truthsabre7]

No one knows. I just buy some each week, this will avg out your cost.

[stshell]

thx man very nice info

[marketcrash2008]

dude I always look forward to your vids each week.

Thankyou.

5 stars!!!!!!!

[dowtoplunge]

dude you are a master of your craft. I love these videos. You should be on cnbc not those lier broker dickheads.