That's what I don't really understand, why do we as America send moner over seas, while we have needy peeople and problems right here in our on country? Please comment on my questions if you have time!
I can go back 200 years and document the rants of doomsayers and chicken littles. Im sure this trend will never stop. However, in spite of all the negative B.S. people so desperatle need in their lives, The United States has become the strongest, wealthiest country in the world.
The US has become the largest debtor nation in the world. What makes me nervous is we are now printing money to finance ourselves, the most common denominator among countries which have experienced hyperinflation.
Debt is not such a bad thing. I'm a business owner and know that I can't survive without it. If you have a home (not an apartment or rental) you also have debt. The real issue is how much debt in comparison with income. It wouldn't surprise me that the largest world economy also has the world's largest debt. As for the printing of money, check the Treasury department site. Every week the money supply is published. Since the money supply is not through the roof, I don't see the inflation.
I just wish i would have listened to MOT a 3 months ago, i would have saved myself 17k, I though living in Canada would make things different, boy was i wrong.
what do you think will happen to the dollar? From my understanding the fact that the Federal Reserve can print money from thin air, charge Americans interest on that, and all this as our economy continues its downward slide? The only safe bet would be something like gold of silver? any thoughts?
Hey, I called the LDS Church and asked them what they thought of the MLM industry...they said that they advise their members against it...yet they take 10% tithing from Blake Roney, Craig Tillotson, Creg Bryson and all the other scammers, especially Nathan Ricks... I guess it all started with a pedophile who looked at rocks in a hat and made up the Book of Morom...
Hey, I called the LDS Church and asked them what they thought of the MLM industry...they said that they advise their members against it...yet they take 10% tithing from Blake Roney, Craig Tillotson, Creg Bryson and all the other scammers, especially Nathan Ricks... I guess it all started with a pedophile who looked at rocks in a hat and made up the Book of Moron...
I agree with you and we are trying to prepare as best we can. I would love to know your opinion on recent market manipulation of the dollar by the plunge protection team and also the strange shortage of gold/silver while the spot price is being artificially driven down. I suspect the 'big boys' have been buying gold, selling stocks to ignorant folk and are going to be in a position to buy up everything when Wall Street collapses. Your opinion please????? Thanks in advance.
I'm Canadian, so if the US goes down the drain we have a vested interest. But isn't it true that the depression was basically triggered by the big money lenders asking for their FULL dollar amount owed to them back? then when everything went to sh*t they just bought up MORE stocks at pennies on the pound? Only to make MORE money when things evened off during WWII ? I find it hard to believe the US economy is so bad during it's wartime. Someones LYING about the truth. Preach on brother. I love it
if you had any brains you would know the federal reserve is is nothing more then a debt making machine,as they make money the interest on it can never be paid back in full since they would have to make more money and more interest to pay back the first debt,it was doomed to fail,and i never had to go to harvard to learn that.
Good call guy! Although rates were cut pretty low. Seems like Wall street comes first in this country. That just weakens our dollar. I am not sure what I want now in terms of rate cuts.
Pretty inspiring to listen to formal education being used properly - ie to think for oneself. Much respect for your thoughts, and your courage in putting it out there.
In Ireland, we're stiffed already re property. Sheeple everywhere last few years. And we depend so much on US multinationals operating here. The message is coming through now though, redundancies etc.
Wow, this man was right, long before most people caught on (added in august '07). Most people were still pretty bullish then. Can you call the bottom for me?
ManofTruth, you hit the nail on the Fucking head. People in America dont want to face the truth, they want to smell the roses, but dont want to weed the garden. America's garden is now full of weeds, Instead of ignoring it, we should roll it up and smoke the shit!
640,000 foreclosures in 2005, 1.4 million foreclosures in 2006 and over 2 million foreclosures in 2007.
Paul Kasriel of Northern Trust in Chicago points out that from 1929 to 1998 U.S. households had been in deficit in only six years, including two during the Depression and several after World War II when there was finally stuff to buy with money they had been forced to save.
The fed has infact lowered rates 1/2 last month, and everyone was wanting 3/4 .Then an emargency rate cut 3/4 and another 1/2exspected by the end of the month.I like this guy, dont get me wrong. But the facts are this videos prodictions are wrong in terms of intrest rates forcasting.
So far they have lowered. True I was wrong on that one. But let's continue to watch interest rates, price of wheat, gold, corn, oil, gas, etc. And of course jobless rates, core inflation, actual inflation, yield curve, 30 year bond, PE ratios, libor, mortgage rates, housing starts, foreclosure rates and numbers, CDO's, ECB, the fed, the DAX. CAC, and the Asian indexes, the QQQ, Nasdaq, S&P and a few other hundred indicators...aside from studying all major world religions,
You state that its over the Dow will fall below 10,000 and gold will go over 1,000. If the Central Bankers of the world can continue to inflate the dow can rise much higher. It could be much higher 50,000 plus. If this happen like in Germany, gold will rise even more on a percentage basis than the dow. Maybe we will see 10,000 gold. Can you imagine what a happy meal will cost or a gallon of gas.
You sound like defeatist wimps. You're forgetting one major factor: It's not 1929! The People have new technology. We have the internet and cell phones. In the event of an economic collapse, it'll only take a few minutes to start the nationwide Revolution in which the People stop paying interest on the notes. No other weapons necessary. All the Bankers have is some digits on ledgers and a collection agency. The People hold the Power, in sheer numbers. Ron Paul is educating the People.
Your Wrong! You need to study the details of Black Monday, October 19, 1987, the major investors have computer systems that trigger SELL if the DOW declines to fast which escalated the problem.
And we're not defeatist, we're REALIST. While you are a DENIALIST who rather be told everything is OK while the ship is sinking in the middle of the ocean with no Life boat.
You missed the point I was trying to make. I wasn't poitning to whether the stock market will collapse. I'm a "REALIST" that shares your opinion that this possibility exists. I'm saying, that after a collapse the Revoltion will begin, and that what you are talking about will not remain hidden from the People this time around. Unless, the establishment somehow shuts down the internet you and I are now using.
Thats what the bankers intend. You won't have any debt...but you won't have any food, water, job or home either. Then you will have to cry out to the Masters for help. It involves taking a chip and an oath, and then they'll feed you....to the Beast.
Yes, The Crash was just a bad day for WallStreet, not the REAL cause of the Great Depression. That was cause by tightening of Credit by the FEDERAL RESERVE.
No new Loans, no new Money.
Interesting point: France played a heavy hand in this terrible chapter of US history. "aïe!"
Today - with tightening of credit on new Home Mortgages (no new loans, no new money), whose the outside influence, or forces?
You're right, but I see it playing out differently. They want to really put the economy in a tail spin and create the greatest depression ever. Therefore, they will lower rates to put the economy into a hyperinflationary state and then raise the rates fast and hard to really shock the economy.
The part where youre talking about the fed tightening rates at the beginning of the depression seems to make no sense to me. I mean obviously that was a stupid thing to do, but do you think that it is the same exact Fed as then? Dont you think they have read those books? Do you think they haven't changed a bit? I mean its not like the Fed is a machine that has a book of what to do in every situation
Market has increased and oil has dropped. People that were saying oil at $100 now look like idiots. Markets and oil have changed to help the economy spend more. It also allows the big guys to make more money off of suckers and drain them more. The dollar has gained against the canadian slightly but has moved very little against the Euro. I read today that Iran is preparing to get away from the US dollar. Sadam Hussein from what I have read was also trying to do this and now he is gone.
Some people feel I am not an idiot. Actually I feel pretty good about my predictions. I have been thought of as an idiot and a genius. I will take it in stride. Thanks for watching and commenting. manoftruth
K so DJIA is not even close to dropping under 10000. Gold... around 790-800... Oil almost was over 100 dollars but never even hit 100. Sooo i can see what you were pointing at, but it looks like chairman bernanke saved the day for now... what you think about that?
It looks like it to many people, but not to me. The U.S. economy will collapse. It is perfectly clear to me at this point in time. It is only a question when. There will be no recovery for this country as it is ruled today. The system is corrupt and rotten. A new system will arise from the survivors...and it will be the ultimate economic system.
There is no such thing as an ultimate economic system. There are always flaws. The best economic systems are the ones for small towns and villages in other cultures. The amish have the best insurance policy available. As long as there are huge countries and the like, there will never be an ultimate perfect system, people will continue to get used
So now that we have just witnessed pretty much everything you've been saying come true yesterday on MLK Jr. Day... Do you think it will only be a week, a month, a year, before we really see this economy take a nose dive straight into hell?
well since gold is a more stable currency than the u.s. dollar, you can look at the increasing price of gold in u.s. dollars and other currencies as an indicator of inflation.
Ok, you said the FED would not loosen rates. Your flat wrong! The FED's have alreadly lowered the rates and flooded the market with money and guess what the MARKET IS UP FOR THE YEAR in the face of one of the biggest realestate problems. The DJIA is still over 13,500 not 10,000! Look gold and oil will remain strong as long as the dollar is weak and realestate prices will continue to drop in CA and FLA. But sorry the big financial market drop comes after Jan 1st 2008
Yep, I was flat wrong. You are right. The trillions of fiat dollars will end up raising rates beyond a 100% within the next decade, and the fed will cease to exist. I was wrong on the nominal fed rates in the last few months. Liquidity has dried up and that is more important. Wall Street is scared ____less.
Ethnocentrism is defined as the viewpoint that the LDS Church is better than all other religions, and the gold standard to which all others, including other Christian groups, are judged. Ethnocentrism often entails the belief that The Book of Mormon is the most important scripture and all aspects of its teachings are superior to all others.
I have a Baruch MBA and was in Wall Street in the '80s. I was just a flunky, but I picked up plenty. This guy speaks truer than most of the "smarties" who say what is what. I hope I'm wrong but I see bad times coming. Pray, everyone. And get smart.
What about the rate cut today? Sure the dollar will tank - the Britney and Paris Hilton fans will just get poorer.
Ron Paul is the only candidate who stands for a strong dollar,fiscal discipline and the constitution. Rest of them will make people "rich" by printing funny money. Ron Paul is America's last chance.
I have moved all my money long back out of the dollar - watch it tank and enjoy foxnews.
Why a rEVOLution? (click my profile for more) Please Please Please RESTORE OUR REPUBLIC Watch these on Google Video: 1. "Freedom to Fascism" 2. "Aaron Russo: The Architecture of the Prison Planet" 3. "Money Masters" (MOST IMPORTANT) 4. "Money As Debt" 5. "Fiat Empire" 6. "An Idea Whose Time Has Come" (The Action Plan) 7. "911: Press for Truth" 8. "911 Commission Report David Ray Griffin" Vote RON PAUL 2008 Liberty~Peace~Prosperity Please post this everywhere to spread the truth.
I just had a nice write up and hit the 500 word max.
I don't hold advance degrees, by in large do my own research and learn on my own. But, too each is own and why we are "FREE." Plus, I live in the "LIVE FREE OR DIE" state.
BTW - I do not believe the FOMC should cut the target rate at all. Possibly raise the target, lower the discount window...hey wow, what a concept...the discount rate actually being a discount rate.
Stupid video. Learned nothing. Why did the Fed think it needed to tighten credit in 1931? And why do you think the modern version of the Fed would do it again? Do you think Fed board is not aware of this history, which is widely regarded as a mistake?
Do you know that nearly all of the Presidential Candidates running are members of the CFR, who want to form a one-world Government and a North American Union? The candidates running who are members of the CFR include: Mitt Romney, Fred Tomson, Duncan Hunter, Obama, Hillary Clinton, and Giuliani. Ron Paul is not a member of the CFR! The CFR and Media hate Ron Paul because he strongly upholds to the constitution. Vote Ron Paul 2008!
MOT, ...many serious issues, but I reckon this matters will take a long time to play out. A sharp slide in stocks this year, if we see it, is only the opening act of a multi-act drama which may include a Fed easing, a dollar slide, hyper-inflation, and finally, a deflationary depression. We all need to conserve our energy, and our purchasing power, if we are to be around and be part of the solution, putting the pieces back together. see: GlobalEdgeInvestors dotcom.
Yes, how wonderful that Bush and Bernanke fixed everything today! I watched CNBC for about an hour...then had to graduate to something above high school level. Obviously damage control is going on. But, it won't be controlled for long!
Indeed! They just keep pushing back the day of reckoning. The market put the gun to Bernake's head - said give us the inflation needle...or the patient flatlines.
Just like the 1929 crash, the market will try to hang on. Unfortunately, it will collapse. The banks will not be able earn that money anymore after millions of bankcrupcies. The best way to fix this is to do the impossible and the keyword for that is "BAIL OUT". I know the Fed Gov should not intervene but COME ON! This country's economy is market-driven. The collapse of the market is serious issue to the National Security.
National Security? As in what? If the economy goes tits-up, then Hitler arrives? I think we've just HAD a flirtation with fascism! WHAT, exactly, is the National Security ssue??? If everyone doesn't get a Hummer there's a revolution?
You might want to take your positions before the first of September. Banks reporting their loans losses could affect the markets big time to the downside.
Too Darn Right Man of Truth - Its hanging by a thread now!!! What a day! When 'they' get back from vacation....its all over. Thank God I'm out. Loading the S+P put gun now... We break 12,150 on the Dow two days running - we'll hit 10,850 in a heartbeat.
...ok I buy that. Makes sense to me. (I like the way you think) Boy is all hell gonna break loose come september. If people/banks stop buying all these CDOs that S will reall HTF. Thanks for your insights. Look forward to the Dvd!
Can we see other historical precedents where Gold surged in a deflationary environment? Maybe your studies have uncovered this. Personally, I'm a bit confused. And it still doesn't answer how the recent turmoil did nothing for Gold to the upside. Hmmmm....perhaps markets were just focussed on the switch into Treasuries...
Players are worried about an economic downturn, that is why gold is stable and t bills are way up. Most investors do not comprehend that t bills and bonds will be horrible investments in the not too distant future. It will be like a seesaw.
But if the US dollar just goes down the Argentinian path that doesn't necessarily mean that hyper-inflation will result GLOBALLY - just in the US. What your saying is that a dollar collapse = a gold surge. Why is that necessarily the case? Won't the dollar just become a worthless currency. Or is it the switch out of dollars that causes gold to surge (in and of itself).
I am talking about the gold price in U.S. dollars. There will be manipulations going on. Yes, the dollar will become a worthless currency. I am espousing a view from the U.S. , not globally. Our country is in great peril as we totally abandon the United States Constituion.
Gold would need to rise against a weighted basket of FX for it to have TRUE rally....(no?) -just ruminations...from a former options market maker in oil, natgas and FX
indeed it is ManofTruth...Let's hypothicate fora while though...In all the recent turmoil, Gold hasn't budged. Seems strange. Treasuries skyrocket - but Gold - zip. Doesn't make sense to me (and I'm a big Gold bull). Is it possible that Chindia and export deflation faster than we can create it. Ultimately if assets really fall dramatically...that's not going to hel the inflation case is it? Any thoughts? (Personally, I still think were going over $900 within 18months)
We are having massive deflation here in housing right now. And stocks will deflate soon also. As the world recognizes that the U.S. is in fatal decline, they will begin to SERIOUSLY dump the dollar. Then we will go to inflation and then hyperinflation. Gold will be over a $1000 within your time horizon.
C'mon everyone ... (just like we're in a frat house) USA! USA! USA! USA! .... (crestfallen and confused)wow, it doesn't actually work....hmmm....wonder what's changed....it used to get us all so pumped up....it used to work...it used to *sigh* (snigger)
well Srm2k Im glad all those bright people, who vote for Bush and US foreign policy in Iraq are coming to America. They seem to make such a difference. And the axis of exploitation? - well, of course America has none of that...just ask any "illegal" you see working for 3 dollars in the California killing fields (oopps, I meant harvesting)... you sound anti-exploitation but pro-American....what a hilarious contradiction
Ideals How to play the stock market. This is how i do it.I pick solid companys wfc cop ect and play the swings .They have the same paterns over in over.Buy low sell high over and over.Does anyone out there know what the next big stock will be,example Ipod crox ect.Lets make some money share you ideals.This site is great i respect man of truth opinions.
I love these idiot guys who sit in there 1990's setup -- claim to know the truth and preach what will happen. YET they have been proven wrong since the face of time. Down under 10K LOL -- clearly you lost it buddy.
The axis of world economic activity is shifting to the East: China and India. This benefits London, and the EU is benefitting from the integration of Eastern European labour into the western european economies. America is on the road to becoming a backwater - and that is a reason it is trying to use its enormous military power in Iraq, to stop its drift towards marginalization.
Since the Fed is cutting interest rates and looks like they will continue,where do you see the stock market going now?How do you play the market and what stock may be a buy?
It is very tempting for me to think short term...even hour by hour. But, my points are long term and have to do with the collapse of the dollar and our economy.
First off, I dont know shit about stocks, but all this talk about the US dollar crashing is really scaring the shit out of me. I have always wanted to invest in gold but havent a clue where to begin, can you please give me some advice?
I think a comment people are avoiding is things go in cycles - Look at all the worlds major indexes - the last 4 years have been good times. I dont see armageddon - I see a healthy correction. US real estate is riduculous. So is UK. However im Ultra long London realestate so hoping for supply issues to hedge this. ;o)
yes Japan Nikkei down 11.2% on the year - Hang Seng from up 20% to up 2% as of Friday was up only 90bps at one point on Friday. Manoftruth - I like youre posts - but you have got this rate cut wrong - I too didnt expect this. Even if US lenders are told to tighten up credit lending criteria the damage has already been done. It must have been a tough choice for Benanke.
Japan worst crash in 4 years. Down 5% Denial is not facing that the U.S. is corrupt and headed for financial collapse..But, thanks for your input. Margins increased to 50% from 10%..will cause massive selling. panic buying was panic manipulation.
Thanks TYX. In California shooting video. Will post in a few days when I get back to Utah. "Emergency Fed rate cut did not do much this morning." Big Picture remains horrible for the markets. manoftruth
Ron Paul Supporters, Heres another Idea- Write "Support Ron Paul for president" or any support message- ON YOUR MONEY. Do you know how fast money travels? Pretty Fast. Whenever I catch a bill with writing on it I always read it. This is another way to catch those that are on the streets...
My prediction is that after the dow collapses and the dollar collapses and Gold shoots to over $1000, Ron Paul's Gold Investment will pay off in enough money to rocket his campaign while everyone of the other candidates go broke which will in turn push Ron Paul all the way to the White House!!
This might be a stupid question, but what do you think the proper allocation of assets are for a Semi-retired couple w/ a Net Worth of a couple mill? And do you think independent Financial Advisors would acknowledge the collapse of the dollar? Or are they clueless as well?
An independent financial advisor would tell you to ride out the storm because you can't time or predict the market. In this situation, I highly disagree with that assessment. I'm no financial advisor but since you claim to be a high net worth individual. It's probably best to keep your money in a 5% market fund and keep some cash hidden in your house.
Thanks, I'm not HNW I'm actually asking for my 'rents. They have a financial advisor and I've been doing some research in the past couple of days about the dollar collapse and am getting worried. Manoftruth, maybe you can post a vid about investment advice and diff between how to invest for a market crash (money market) and also for a dollar collapse (gold and eurobonds?).
d love to order this, like you as rebel mba, i studied this textbook stuff also, as you should know, its all about THEORETICAL STUFF. ITS USELESS. but at least we see all things from greater perspecitve..keep on with your great stuff...2bad i make no more bodybuilding, too much seating stuff in stinking bank :-)
If they do not "see" the dollar collapsing and a depression coming, then yes..they are clueless. But don't be too hard on them. I do not know any other MBA's that see things like I do. My thought is completely independent of any employer.
The dollar is poised for a significant rebound but nearly all other asset classes have topped and are heading down. Thus a 100% U.S. Treasury mutual fund will stabilize your assets for the next two to three years. Dreyfus 100% US Treasury MMF, ticker symbol DUSXX.
how to be so sure for a rebound of the USD? its critical just now, why shall we see rebound, mhm? its starting to crack soon, and I am sure banking crisis will be trigger...just one little better known bank to go bust, and all foreigners withdraw usd, you re lost, i bought gold already, monday morning i buy silver you re lost
China is threatening the United States with the "nuclear option" of selling part of its "vast holdings" of U.S. treasuries if Congress proceeds with legislation to force China to properly value its currency.
Let's face it. Nobody has any faith in our government anymore anyway. It doesn't mater which party or politician. Short of cleaning house and starting over, the corruption will only continue. I'm in real estate and trust me, it's bad!
The top news of the day says two french funds were frozen because of valuation issue. The truth of the matter is that it was their AAA rated bonds that were in trouble. Watch out folks we may have a huge liquidity issue coming.
Well, what R U gonna do? I will tell you what. Put back manufacturing in America. Public works projets like in Ancient Rome DAMMIT!!! RON PAUL for PRESIDENT!!!
Yes, temporarity. But I don't think they will save the dollar. Look what I read today: Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.
Nothing but yellow youtube journalism here! This author consults financial texts for truth like bible belters consult scriptural texts for signs and secret meaning. There is no substance in this short video.
That's what I don't really understand, why do we as America send moner over seas, while we have needy peeople and problems right here in our on country? Please comment on my questions if you have time!
Keithattal5 1 year ago
holy shit you were right lol
coltsfancolts 2 years ago
I can go back 200 years and document the rants of doomsayers and chicken littles. Im sure this trend will never stop. However, in spite of all the negative B.S. people so desperatle need in their lives, The United States has become the strongest, wealthiest country in the world.
SLOPPYVOMIT 2 years ago
The US has become the largest debtor nation in the world. What makes me nervous is we are now printing money to finance ourselves, the most common denominator among countries which have experienced hyperinflation.
puapake 2 years ago
Debt is not such a bad thing. I'm a business owner and know that I can't survive without it. If you have a home (not an apartment or rental) you also have debt. The real issue is how much debt in comparison with income. It wouldn't surprise me that the largest world economy also has the world's largest debt. As for the printing of money, check the Treasury department site. Every week the money supply is published. Since the money supply is not through the roof, I don't see the inflation.
SLOPPYVOMIT 2 years ago
i wish i would have received these informations 2007. Damn it. know i finally bought gold and silver.
Mongodelight 3 years ago
I just wish i would have listened to MOT a 3 months ago, i would have saved myself 17k, I though living in Canada would make things different, boy was i wrong.
krist300 3 years ago
I just bought me a bunch of oil stock at under $60!!
Times are great :D
Ataraxian13 3 years ago
owned! How does it feel to be dead wrong!?
regalgsx 3 years ago
I think you mean dead right???
khepera89 3 years ago 6
what do you think will happen to the dollar? From my understanding the fact that the Federal Reserve can print money from thin air, charge Americans interest on that, and all this as our economy continues its downward slide? The only safe bet would be something like gold of silver? any thoughts?
boosuff 3 years ago
Correct thinking. Food will end up being more valuable than gold.
manoftruth 3 years ago
what do you think will happen in europe? The same like in the US or much less armagedon?
Mongodelight 3 years ago
Hey, I called the LDS Church and asked them what they thought of the MLM industry...they said that they advise their members against it...yet they take 10% tithing from Blake Roney, Craig Tillotson, Creg Bryson and all the other scammers, especially Nathan Ricks... I guess it all started with a pedophile who looked at rocks in a hat and made up the Book of Morom...
NathaliaArroyo 1 year ago
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Hey, I called the LDS Church and asked them what they thought of the MLM industry...they said that they advise their members against it...yet they take 10% tithing from Blake Roney, Craig Tillotson, Creg Bryson and all the other scammers, especially Nathan Ricks... I guess it all started with a pedophile who looked at rocks in a hat and made up the Book of Moron...
NathaliaArroyo 1 year ago
I agree with you and we are trying to prepare as best we can. I would love to know your opinion on recent market manipulation of the dollar by the plunge protection team and also the strange shortage of gold/silver while the spot price is being artificially driven down. I suspect the 'big boys' have been buying gold, selling stocks to ignorant folk and are going to be in a position to buy up everything when Wall Street collapses. Your opinion please????? Thanks in advance.
Goobyusa 3 years ago
This was almost a year ago.
hstone39 3 years ago
so far everything he has said has come to pass except the crash. i got inside word it will happen in sept. maybe early oct. at latest.
mungcray 3 years ago
I'm Canadian, so if the US goes down the drain we have a vested interest. But isn't it true that the depression was basically triggered by the big money lenders asking for their FULL dollar amount owed to them back? then when everything went to sh*t they just bought up MORE stocks at pennies on the pound? Only to make MORE money when things evened off during WWII ? I find it hard to believe the US economy is so bad during it's wartime. Someones LYING about the truth. Preach on brother. I love it
clintrock 3 years ago
do you think they will have cramer killed?
belovedmakesmusic 3 years ago
if you had any brains you would know the federal reserve is is nothing more then a debt making machine,as they make money the interest on it can never be paid back in full since they would have to make more money and more interest to pay back the first debt,it was doomed to fail,and i never had to go to harvard to learn that.
WhiteJewDevil 3 years ago
i hear they are just gonna close shop and bail to another country. i heard most of these elitists have dual citizenship.
mungcray 3 years ago
I viewed this on April 26, 2008. You got it right. Looks like I'll still be needing those y2k books on survival again!
midisandy 3 years ago
Politicians lie too, excpet for paul. Thats why he was ignored by the fascist media.
ktothej341 3 years ago
Good call guy! Although rates were cut pretty low. Seems like Wall street comes first in this country. That just weakens our dollar. I am not sure what I want now in terms of rate cuts.
ThailandKyle 4 years ago
The Fed isn't going to lower rates or ease things? Umm...
FortheLuIz 4 years ago
Pretty inspiring to listen to formal education being used properly - ie to think for oneself. Much respect for your thoughts, and your courage in putting it out there.
In Ireland, we're stiffed already re property. Sheeple everywhere last few years. And we depend so much on US multinationals operating here. The message is coming through now though, redundancies etc.
Anyway, thanks again man, and good luck.
nomoreheroesanymore 4 years ago 4
Wow, this man was right, long before most people caught on (added in august '07). Most people were still pretty bullish then. Can you call the bottom for me?
obertje12345 4 years ago
ManofTruth, you hit the nail on the Fucking head. People in America dont want to face the truth, they want to smell the roses, but dont want to weed the garden. America's garden is now full of weeds, Instead of ignoring it, we should roll it up and smoke the shit!
kingobnoxious 4 years ago
640,000 foreclosures in 2005, 1.4 million foreclosures in 2006 and over 2 million foreclosures in 2007.
Paul Kasriel of Northern Trust in Chicago points out that from 1929 to 1998 U.S. households had been in deficit in only six years, including two during the Depression and several after World War II when there was finally stuff to buy with money they had been forced to save.
markymarkuss777 4 years ago
The fed has infact lowered rates 1/2 last month, and everyone was wanting 3/4 .Then an emargency rate cut 3/4 and another 1/2exspected by the end of the month.I like this guy, dont get me wrong. But the facts are this videos prodictions are wrong in terms of intrest rates forcasting.
justingsmith 4 years ago
So far they have lowered. True I was wrong on that one. But let's continue to watch interest rates, price of wheat, gold, corn, oil, gas, etc. And of course jobless rates, core inflation, actual inflation, yield curve, 30 year bond, PE ratios, libor, mortgage rates, housing starts, foreclosure rates and numbers, CDO's, ECB, the fed, the DAX. CAC, and the Asian indexes, the QQQ, Nasdaq, S&P and a few other hundred indicators...aside from studying all major world religions,
manoftruth
manoftruth 4 years ago
gold or dollar dont matter it production not consumption
sapins68 4 years ago
we are not in recession {WAKE UP WORLD} { IN DEPRESSION } IT IS {D} WORD REM THAT !
bluerose38789 4 years ago
Is this going to be The Great Depression Part 2?? Or even worse?
markymarkuss777 4 years ago
You are a very wise man:)
pelapo 4 years ago
Gracias.
manoftruth 4 years ago
Our asses are own by the Bank of England.
BigFatTonyCal 4 years ago
Correct. Your asses are owned by the Rothschilds and their agents the Rockefellers etc.
BoredAgain2006 4 years ago 2
You state that its over the Dow will fall below 10,000 and gold will go over 1,000. If the Central Bankers of the world can continue to inflate the dow can rise much higher. It could be much higher 50,000 plus. If this happen like in Germany, gold will rise even more on a percentage basis than the dow. Maybe we will see 10,000 gold. Can you imagine what a happy meal will cost or a gallon of gas.
gan0729 4 years ago
Yep, the dollar will become worthless. Hence the Dow will not be a meaningful measure of equity value...as long as it is valued in dollars.
manoftruth 4 years ago
You sound like defeatist wimps. You're forgetting one major factor: It's not 1929! The People have new technology. We have the internet and cell phones. In the event of an economic collapse, it'll only take a few minutes to start the nationwide Revolution in which the People stop paying interest on the notes. No other weapons necessary. All the Bankers have is some digits on ledgers and a collection agency. The People hold the Power, in sheer numbers. Ron Paul is educating the People.
bwilson32 4 years ago 3
Your Wrong! You need to study the details of Black Monday, October 19, 1987, the major investors have computer systems that trigger SELL if the DOW declines to fast which escalated the problem.
And we're not defeatist, we're REALIST. While you are a DENIALIST who rather be told everything is OK while the ship is sinking in the middle of the ocean with no Life boat.
yo1dude1man 4 years ago
You missed the point I was trying to make. I wasn't poitning to whether the stock market will collapse. I'm a "REALIST" that shares your opinion that this possibility exists. I'm saying, that after a collapse the Revoltion will begin, and that what you are talking about will not remain hidden from the People this time around. Unless, the establishment somehow shuts down the internet you and I are now using.
bwilson32 4 years ago
Thats what the bankers intend. You won't have any debt...but you won't have any food, water, job or home either. Then you will have to cry out to the Masters for help. It involves taking a chip and an oath, and then they'll feed you....to the Beast.
BoredAgain2006 4 years ago
Exactly. Have you read the Frederic Bastiat essays?
The bankers will soon get behind a Bloomberg/Hagel ticket and use these guys to further their agenda.
Ron Paul, if he doesn't drop out, could actually win the Republican nomination. Bloomberg will siphon away votes from all the other Rep candidates.
bwilson32 4 years ago
Yes, The Crash was just a bad day for WallStreet, not the REAL cause of the Great Depression. That was cause by tightening of Credit by the FEDERAL RESERVE.
No new Loans, no new Money.
Interesting point: France played a heavy hand in this terrible chapter of US history. "aïe!"
Today - with tightening of credit on new Home Mortgages (no new loans, no new money), whose the outside influence, or forces?
My guess is China. Anyone want to wager in?
yo1dude1man 4 years ago
You're right, but I see it playing out differently. They want to really put the economy in a tail spin and create the greatest depression ever. Therefore, they will lower rates to put the economy into a hyperinflationary state and then raise the rates fast and hard to really shock the economy.
BlueEagle8 4 years ago
Thanks for the Truth talk. The feds know itz coming, We know itz coming. And there'll be hell to pay for those who knowz.
jootox 4 years ago
The part where youre talking about the fed tightening rates at the beginning of the depression seems to make no sense to me. I mean obviously that was a stupid thing to do, but do you think that it is the same exact Fed as then? Dont you think they have read those books? Do you think they haven't changed a bit? I mean its not like the Fed is a machine that has a book of what to do in every situation
shane0mac1234 4 years ago
Market has increased and oil has dropped. People that were saying oil at $100 now look like idiots. Markets and oil have changed to help the economy spend more. It also allows the big guys to make more money off of suckers and drain them more. The dollar has gained against the canadian slightly but has moved very little against the Euro. I read today that Iran is preparing to get away from the US dollar. Sadam Hussein from what I have read was also trying to do this and now he is gone.
Hopefl1 4 years ago
Some people feel I am not an idiot. Actually I feel pretty good about my predictions. I have been thought of as an idiot and a genius. I will take it in stride. Thanks for watching and commenting. manoftruth
manoftruth 4 years ago
K so DJIA is not even close to dropping under 10000. Gold... around 790-800... Oil almost was over 100 dollars but never even hit 100. Sooo i can see what you were pointing at, but it looks like chairman bernanke saved the day for now... what you think about that?
shane0mac1234 4 years ago
It looks like it to many people, but not to me. The U.S. economy will collapse. It is perfectly clear to me at this point in time. It is only a question when. There will be no recovery for this country as it is ruled today. The system is corrupt and rotten. A new system will arise from the survivors...and it will be the ultimate economic system.
manoftruth 4 years ago
There is no such thing as an ultimate economic system. There are always flaws. The best economic systems are the ones for small towns and villages in other cultures. The amish have the best insurance policy available. As long as there are huge countries and the like, there will never be an ultimate perfect system, people will continue to get used
shane0mac1234 4 years ago
So now that we have just witnessed pretty much everything you've been saying come true yesterday on MLK Jr. Day... Do you think it will only be a week, a month, a year, before we really see this economy take a nose dive straight into hell?
markymarkuss777 4 years ago
well since gold is a more stable currency than the u.s. dollar, you can look at the increasing price of gold in u.s. dollars and other currencies as an indicator of inflation.
fluxaconcapacitor 4 years ago
Ok, you said the FED would not loosen rates. Your flat wrong! The FED's have alreadly lowered the rates and flooded the market with money and guess what the MARKET IS UP FOR THE YEAR in the face of one of the biggest realestate problems. The DJIA is still over 13,500 not 10,000! Look gold and oil will remain strong as long as the dollar is weak and realestate prices will continue to drop in CA and FLA. But sorry the big financial market drop comes after Jan 1st 2008
investortownhall 4 years ago
Yep, I was flat wrong. You are right. The trillions of fiat dollars will end up raising rates beyond a 100% within the next decade, and the fed will cease to exist. I was wrong on the nominal fed rates in the last few months. Liquidity has dried up and that is more important. Wall Street is scared ____less.
manoftruth 4 years ago
This has been flagged as spam show
Ethnocentrism is defined as the viewpoint that the LDS Church is better than all other religions, and the gold standard to which all others, including other Christian groups, are judged. Ethnocentrism often entails the belief that The Book of Mormon is the most important scripture and all aspects of its teachings are superior to all others.
CultDeprogrammr 4 years ago
wow this guy is a legend. most of what he said came true
clockworkorange1986 4 years ago
I will think through the next few months in my head and then post a new set of predictions. Thanks for watching.
manoftruth
manoftruth 4 years ago
I have a Baruch MBA and was in Wall Street in the '80s. I was just a flunky, but I picked up plenty. This guy speaks truer than most of the "smarties" who say what is what. I hope I'm wrong but I see bad times coming. Pray, everyone. And get smart.
slobomotion 4 years ago
A lot of what this guy says is correct.
slobomotion 4 years ago
True
manoftruth 4 years ago
What about the rate cut today? Sure the dollar will tank - the Britney and Paris Hilton fans will just get poorer.
Ron Paul is the only candidate who stands for a strong dollar,fiscal discipline and the constitution. Rest of them will make people "rich" by printing funny money. Ron Paul is America's last chance.
I have moved all my money long back out of the dollar - watch it tank and enjoy foxnews.
unethnic 4 years ago
The rich are working for the devil, that's why they don't want to hear the truth.
freeedom333 4 years ago
Hi, love your vids... What is the name of the book?
followyourgut 4 years ago
Which Book?
manoftruth 4 years ago
You're right! NO more masters of the universe.
Bring back sanity to America.
Ron Paul 2008!
droth127 4 years ago
Yes!!
manoftruth 4 years ago
All time highest yesterday-- comment
starwarz87 4 years ago
...soo what now??? 2 basis point cut... suprised a bit lol
shane0mac1234 4 years ago
renzaura 4 years ago
Also:
9. Why We Fight
10. Hijacking Catastrophe
xorp61 4 years ago
should i buy more xom?
kimmijo 4 years ago
"Those who have knowledge do not predict, those who predict do not have knowledge."
MarketSpeculator 4 years ago
I disagree. We shall see soon whether I posess knowledge or not.
manoftruth, MBA
manoftruth 4 years ago
marketspeculator MBA, CFA, PhD
MarketSpeculator 4 years ago
nice. What school?
manoftruth 4 years ago
I just had a nice write up and hit the 500 word max.
I don't hold advance degrees, by in large do my own research and learn on my own. But, too each is own and why we are "FREE." Plus, I live in the "LIVE FREE OR DIE" state.
MarketSpeculator 4 years ago
BTW - I do not believe the FOMC should cut the target rate at all. Possibly raise the target, lower the discount window...hey wow, what a concept...the discount rate actually being a discount rate.
MarketSpeculator 4 years ago
Informed decisins are different than predictions.
JackNeedles 4 years ago
But, dude, I hope I look as good as you when I'm 51!
proofset666 4 years ago
Thanks, man. Well you may think it is stupid...but we will see if my predictions come true. We will see in the next few weeks.
manoftruth 4 years ago
Stupid video. Learned nothing. Why did the Fed think it needed to tighten credit in 1931? And why do you think the modern version of the Fed would do it again? Do you think Fed board is not aware of this history, which is widely regarded as a mistake?
proofset666 4 years ago
You trust the fed????
manoftruth 4 years ago
I liked the video. But if you don't care when you read from a book, that really requires a high IQ... be sure to give a simplified summary.
MRSketch09 4 years ago
Do you know that nearly all of the Presidential Candidates running are members of the CFR, who want to form a one-world Government and a North American Union? The candidates running who are members of the CFR include: Mitt Romney, Fred Tomson, Duncan Hunter, Obama, Hillary Clinton, and Giuliani. Ron Paul is not a member of the CFR! The CFR and Media hate Ron Paul because he strongly upholds to the constitution. Vote Ron Paul 2008!
JackNeedles 4 years ago
MOT, ...many serious issues, but I reckon this matters will take a long time to play out. A sharp slide in stocks this year, if we see it, is only the opening act of a multi-act drama which may include a Fed easing, a dollar slide, hyper-inflation, and finally, a deflationary depression. We all need to conserve our energy, and our purchasing power, if we are to be around and be part of the solution, putting the pieces back together. see: GlobalEdgeInvestors dotcom.
BubbFromGEI 4 years ago
Thanks for the comment. I think we will see deflation here first and then the dollar will be used as toilet paper in the years to come.
manoftruth 4 years ago
Not Today!. The markets have rallied. The technicals have held. We need to get under 12,500 DOW before anything starts to break down.
donpedrosan 4 years ago
Yes, how wonderful that Bush and Bernanke fixed everything today! I watched CNBC for about an hour...then had to graduate to something above high school level. Obviously damage control is going on. But, it won't be controlled for long!
manoftruth 4 years ago
Indeed! They just keep pushing back the day of reckoning. The market put the gun to Bernake's head - said give us the inflation needle...or the patient flatlines.
donpedrosan 4 years ago
Just like the 1929 crash, the market will try to hang on. Unfortunately, it will collapse. The banks will not be able earn that money anymore after millions of bankcrupcies. The best way to fix this is to do the impossible and the keyword for that is "BAIL OUT". I know the Fed Gov should not intervene but COME ON! This country's economy is market-driven. The collapse of the market is serious issue to the National Security.
Swail23 4 years ago
National Security? As in what? If the economy goes tits-up, then Hitler arrives? I think we've just HAD a flirtation with fascism! WHAT, exactly, is the National Security ssue??? If everyone doesn't get a Hummer there's a revolution?
donpedrosan 4 years ago
This is exactly why we need Ron Paul for President!!!
TownDizzle 4 years ago
Is it wise to buy put warrants at this time? Or should I wait for 1 more week?
Zhuangyao 4 years ago
You might want to take your positions before the first of September. Banks reporting their loans losses could affect the markets big time to the downside.
manoftruth 4 years ago
Thank you very much.
Zhuangyao 4 years ago
Too Darn Right Man of Truth - Its hanging by a thread now!!! What a day! When 'they' get back from vacation....its all over. Thank God I'm out. Loading the S+P put gun now... We break 12,150 on the Dow two days running - we'll hit 10,850 in a heartbeat.
donpedrosan 4 years ago
...ok I buy that. Makes sense to me. (I like the way you think) Boy is all hell gonna break loose come september. If people/banks stop buying all these CDOs that S will reall HTF. Thanks for your insights. Look forward to the Dvd!
donpedrosan 4 years ago
Yes, this fall will be very interesting...and probably tragic in many ways.
manoftruth 4 years ago
Can we see other historical precedents where Gold surged in a deflationary environment? Maybe your studies have uncovered this. Personally, I'm a bit confused. And it still doesn't answer how the recent turmoil did nothing for Gold to the upside. Hmmmm....perhaps markets were just focussed on the switch into Treasuries...
donpedrosan 4 years ago
Players are worried about an economic downturn, that is why gold is stable and t bills are way up. Most investors do not comprehend that t bills and bonds will be horrible investments in the not too distant future. It will be like a seesaw.
manoftruth 4 years ago
But if the US dollar just goes down the Argentinian path that doesn't necessarily mean that hyper-inflation will result GLOBALLY - just in the US. What your saying is that a dollar collapse = a gold surge. Why is that necessarily the case? Won't the dollar just become a worthless currency. Or is it the switch out of dollars that causes gold to surge (in and of itself).
donpedrosan 4 years ago
I am talking about the gold price in U.S. dollars. There will be manipulations going on. Yes, the dollar will become a worthless currency. I am espousing a view from the U.S. , not globally. Our country is in great peril as we totally abandon the United States Constituion.
manoftruth 4 years ago
In gold rises because dollar is falling but stays constant against Euro/SfR/JPY - then Gold has not risen. Its only the dollar that has fallen.
donpedrosan 4 years ago
Gold would need to rise against a weighted basket of FX for it to have TRUE rally....(no?) -just ruminations...from a former options market maker in oil, natgas and FX
donpedrosan 4 years ago
indeed it is ManofTruth...Let's hypothicate fora while though...In all the recent turmoil, Gold hasn't budged. Seems strange. Treasuries skyrocket - but Gold - zip. Doesn't make sense to me (and I'm a big Gold bull). Is it possible that Chindia and export deflation faster than we can create it. Ultimately if assets really fall dramatically...that's not going to hel the inflation case is it? Any thoughts? (Personally, I still think were going over $900 within 18months)
donpedrosan 4 years ago
We are having massive deflation here in housing right now. And stocks will deflate soon also. As the world recognizes that the U.S. is in fatal decline, they will begin to SERIOUSLY dump the dollar. Then we will go to inflation and then hyperinflation. Gold will be over a $1000 within your time horizon.
manoftruth 4 years ago
C'mon everyone ... (just like we're in a frat house) USA! USA! USA! USA! .... (crestfallen and confused)wow, it doesn't actually work....hmmm....wonder what's changed....it used to get us all so pumped up....it used to work...it used to *sigh* (snigger)
donpedrosan 4 years ago
the USA is in big trouble. The once great nation is headed south....fast.
manoftruth 4 years ago
well Srm2k Im glad all those bright people, who vote for Bush and US foreign policy in Iraq are coming to America. They seem to make such a difference. And the axis of exploitation? - well, of course America has none of that...just ask any "illegal" you see working for 3 dollars in the California killing fields (oopps, I meant harvesting)... you sound anti-exploitation but pro-American....what a hilarious contradiction
donpedrosan 4 years ago
Ideals How to play the stock market. This is how i do it.I pick solid companys wfc cop ect and play the swings .They have the same paterns over in over.Buy low sell high over and over.Does anyone out there know what the next big stock will be,example Ipod crox ect.Lets make some money share you ideals.This site is great i respect man of truth opinions.
letsgobartman 4 years ago
I love these idiot guys who sit in there 1990's setup -- claim to know the truth and preach what will happen. YET they have been proven wrong since the face of time. Down under 10K LOL -- clearly you lost it buddy.
starwarz87 4 years ago
We shall see if I have lost it. We shall see. manoftruth, MBA
manoftruth 4 years ago
The axis of world economic activity is shifting to the East: China and India. This benefits London, and the EU is benefitting from the integration of Eastern European labour into the western european economies. America is on the road to becoming a backwater - and that is a reason it is trying to use its enormous military power in Iraq, to stop its drift towards marginalization.
donpedrosan 4 years ago
The axis of world economic exploitation has shifted to China and India. The bright one's still come to the USA.
srm2k 4 years ago
Mexico dollar system went to nothing about 12 years ago and there country still going.
letsgobartman 4 years ago
yeah we will be more like Mexico in the future. Go to the slums of Acapulco, or Tijuana, and you will see the future.
manoftruth 4 years ago
Im from south texas its already here
letsgobartman 4 years ago
Thanks for the comment. Please keep us posted from your neck of the woods.
manoftruth
manoftruth 4 years ago
Since the Fed is cutting interest rates and looks like they will continue,where do you see the stock market going now?How do you play the market and what stock may be a buy?
letsgobartman 4 years ago
It is very tempting for me to think short term...even hour by hour. But, my points are long term and have to do with the collapse of the dollar and our economy.
manoftruth 4 years ago
First off, I dont know shit about stocks, but all this talk about the US dollar crashing is really scaring the shit out of me. I have always wanted to invest in gold but havent a clue where to begin, can you please give me some advice?
miketite 4 years ago
I think a comment people are avoiding is things go in cycles - Look at all the worlds major indexes - the last 4 years have been good times. I dont see armageddon - I see a healthy correction. US real estate is riduculous. So is UK. However im Ultra long London realestate so hoping for supply issues to hedge this. ;o)
clintepps 4 years ago
yes Japan Nikkei down 11.2% on the year - Hang Seng from up 20% to up 2% as of Friday was up only 90bps at one point on Friday. Manoftruth - I like youre posts - but you have got this rate cut wrong - I too didnt expect this. Even if US lenders are told to tighten up credit lending criteria the damage has already been done. It must have been a tough choice for Benanke.
clintepps 4 years ago
Thursday 8/16: Furious late day panic buying erases a 350 point drop in the DJIA: critical resistance for the bears is now 13200.
TYX91101 4 years ago
Japan worst crash in 4 years. Down 5% Denial is not facing that the U.S. is corrupt and headed for financial collapse..But, thanks for your input. Margins increased to 50% from 10%..will cause massive selling. panic buying was panic manipulation.
manoftruth 4 years ago
My apologies MOT; comment directed to mmd66 "nothing but yellow journalism here". Now that's what I call denial.
Hope you do a weekend recap for us. Best wishes!
TYX91101 4 years ago
Thanks TYX. In California shooting video. Will post in a few days when I get back to Utah. "Emergency Fed rate cut did not do much this morning." Big Picture remains horrible for the markets. manoftruth
manoftruth 4 years ago
Ron Paul Supporters, Heres another Idea- Write "Support Ron Paul for president" or any support message- ON YOUR MONEY. Do you know how fast money travels? Pretty Fast. Whenever I catch a bill with writing on it I always read it. This is another way to catch those that are on the streets...
amajetich 4 years ago
Vote Ron Paul and Pray Hard.
amajetich 4 years ago
Amen!
manoftruth 4 years ago
Ron Paul 2008!!!!!!!
amajetich 4 years ago
My prediction is that after the dow collapses and the dollar collapses and Gold shoots to over $1000, Ron Paul's Gold Investment will pay off in enough money to rocket his campaign while everyone of the other candidates go broke which will in turn push Ron Paul all the way to the White House!!
jake1106 4 years ago
Ron Paul is the only one that can save America from the big collapse
xleax 4 years ago
Ron Paul is the ONLY choice for president.
manoftruth 4 years ago
i think the dow can fall to 12000 points by the next year,but i think under 10000 is unlikely.
we will see...
Ubergood 4 years ago
This might be a stupid question, but what do you think the proper allocation of assets are for a Semi-retired couple w/ a Net Worth of a couple mill? And do you think independent Financial Advisors would acknowledge the collapse of the dollar? Or are they clueless as well?
TerenYoung 4 years ago
An independent financial advisor would tell you to ride out the storm because you can't time or predict the market. In this situation, I highly disagree with that assessment. I'm no financial advisor but since you claim to be a high net worth individual. It's probably best to keep your money in a 5% market fund and keep some cash hidden in your house.
uclaztec2 4 years ago
Thanks, I'm not HNW I'm actually asking for my 'rents. They have a financial advisor and I've been doing some research in the past couple of days about the dollar collapse and am getting worried. Manoftruth, maybe you can post a vid about investment advice and diff between how to invest for a market crash (money market) and also for a dollar collapse (gold and eurobonds?).
TerenYoung 4 years ago
I am putting out a DVD to that effect. If you want to be one of the first to get it, just send me a message.
manoftruth 4 years ago
Where do i send a message?
carlosacruz60 4 years ago
d love to order this, like you as rebel mba, i studied this textbook stuff also, as you should know, its all about THEORETICAL STUFF. ITS USELESS. but at least we see all things from greater perspecitve..keep on with your great stuff...2bad i make no more bodybuilding, too much seating stuff in stinking bank :-)
Waldfrosch1 4 years ago
If they do not "see" the dollar collapsing and a depression coming, then yes..they are clueless. But don't be too hard on them. I do not know any other MBA's that see things like I do. My thought is completely independent of any employer.
manoftruth 4 years ago
The dollar is poised for a significant rebound but nearly all other asset classes have topped and are heading down. Thus a 100% U.S. Treasury mutual fund will stabilize your assets for the next two to three years. Dreyfus 100% US Treasury MMF, ticker symbol DUSXX.
TYX91101 4 years ago
how to be so sure for a rebound of the USD? its critical just now, why shall we see rebound, mhm? its starting to crack soon, and I am sure banking crisis will be trigger...just one little better known bank to go bust, and all foreigners withdraw usd, you re lost, i bought gold already, monday morning i buy silver you re lost
Waldfrosch1 4 years ago
Market psychology. Dollar bears now exceeding 90%. Likewise, gold bulls now at 90%. Lets see how it goes.
TYX91101 4 years ago
Let's all watch the markets this week. I don't expect the big crash this coming week.
manoftruth 4 years ago
I wish I could have brought myself to get in the real estate market and robbed everyone out of their money
dkeidke 4 years ago
That headline/piece of news about China is a joke right?
uhaegde 4 years ago
China is threatening the United States with the "nuclear option" of selling part of its "vast holdings" of U.S. treasuries if Congress proceeds with legislation to force China to properly value its currency.
uhaegde 4 years ago
nice vid, im getting short!
vishalt 4 years ago
Let's face it. Nobody has any faith in our government anymore anyway. It doesn't mater which party or politician. Short of cleaning house and starting over, the corruption will only continue. I'm in real estate and trust me, it's bad!
biblegirl7 4 years ago
You are right biblegirl. Thanks for your comment. DOW DOWN 380 TODAY!!!
manoftruth 4 years ago
The top news of the day says two french funds were frozen because of valuation issue. The truth of the matter is that it was their AAA rated bonds that were in trouble. Watch out folks we may have a huge liquidity issue coming.
uclaztec2 4 years ago
Great comment!
manoftruth 4 years ago
Consolation: In Revelations the good guys win. Blood of the Lamb and all.
uhaegde 4 years ago
The problem is that everybody assume to be the good guys
Nessuno79 4 years ago
so you are saying confidence in the US Dollar is in short supply.
uhaegde 4 years ago
Amen, Bro. And it will get much worse in the months ahead. Especially when we are at war with Iran...which I see coming, along with many others.
manoftruth 4 years ago
Well, what R U gonna do? I will tell you what. Put back manufacturing in America. Public works projets like in Ancient Rome DAMMIT!!! RON PAUL for PRESIDENT!!!
uhaegde 4 years ago
Where are all the real PATRIOTS. They are building some good shit for America making this Nation strong and PROUD GOD DAMMIT!!!
uhaegde 4 years ago
Oh come on guys stop rolling your eyes!!!
uhaegde 4 years ago
But if the Fed tightens credit, wont the value of the US dollar go up -- as there is a lower amount of bills circulating?
uhaegde 4 years ago
Yes, temporarity. But I don't think they will save the dollar. Look what I read today: Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.
manoftruth 4 years ago
Basically what he is saying is that the Fed will tighten money supply by increasing interest rates. Somebody is gonna make some money :-)
uhaegde 4 years ago
Yes, people that buy puts on most stocks and call on the gold stocks.
manoftruth 4 years ago
Nothing but yellow youtube journalism here! This author consults financial texts for truth like bible belters consult scriptural texts for signs and secret meaning. There is no substance in this short video.
mmd66 4 years ago