Things haven't changed enough to warrant a new video. I know that lots of exciting things are happening in the news, but the fundamentals haven't changed. There are lots of people who can report the news.
My advice is the same: Stay cash. Have food. Stay away from Precious Metals.
One thing: The bottom is near. One or two more plunges and it will stabilize... if they stop changing the rules.
Hey, genius, remember when the dollar was worth $1.62 Euros and then it dropped to $0.72 Euros?
John was the ONLY guy on the interenet that predicted the crisis of August 2007, when there was $1 billion of shorts on the S&P 500. He predicted a crisis that would crash the S&P 500. And the thwarted crisis was the nuclear bombs on the planes discovered at Minot AFB, originally headed for Iran by a shadow US government. Look it up, you pompous ass.
Bush stopped printing the dollar printing/minting report in 2007, because they were printing so much money, they didn't want anyone to know. The banks demand more dollars from the taxpayers without lending any back out to shore up the jobs. Retail will collapse, then commercial real estate, etc.
deflation destroys dollars (assets and chattle value) at 10 times the rate they can be produced. to make matters worse, all the trasheries they sell will directly compete for stock market dollars.
aussies bailout plan is 50% bigger than ours by gdp.
markets will crash as there is not enough money to buy the treasuries and the stock market,, there is only so much.
How the hell does he have over 600 subscribers when he rarely puts up a new video? It's amazing. He was chugging along with new videos on a weekly basis, then he suddenly stops. That must have been the day he found a girlfriend or something. I liked his economic forecasting before I listened to Schiff, Rogers and Gerald Celente. Then I figured his expertise was more in engineering than economics. I unsubscribed. Just checking in to see what he is up to... and this is it.
Maybe because he was in a car "accident" after his accurate prediction of a crisis of 9-11 proportions, a crisis that was thwarted at Minot AFB in August of 2007 (Labor Day).
what a farce this Ponzi/Pyramid scheme we have of an economy. What real economy do we have? Who gets by today working only one job or working just 40hrs./week?
As Peter Schiff says we have a phony economy based on debt expansion in the form of a Fed expansionary policy. Inflating the money supply is not an economy but robbing Peter to pay Paul. What does it matter if this hogwash is stabilized if it's not nothing other than debt paying off other debt, rolling over, refinancing it, debasing the
Unless the credit card companies and interbank payment system fails, we'll start to recover in about March of next year. However, because of the lag of the reporting systems, you won't start to see it reported until June of next year.
Right now, folks are bringing out all the bad news. It's now OK to report bad things, the executives can blame it on the general economy.
The way you make it sound the Fed, the Treasury and the Gov't over-reacted severely. There was no need to bailout anything at all. Between guarantees and actual cash infusions it totals 5.5 trillion dollars or so. Why all of this if it's going to recover so soon?
Mish Shedlock has stated the entire banking system is insolvent. The Treasury Markets are giving yields of ZERO. Supposedly it is pricing in a Depression.
My opinion is that they should have allowed it all to go so we could have see
The market is exactly where it was one month ago. All the doom and gloom on the news you see is the system purging itself of the excesses. As I said, 6 months things will be better. We are only 1 month into this process. It doesn't happen quickly.
I wish they'd stop trying to treat the symptoms with bandages based on politics.
So Nouriel Roubini and Peter Shiff(sic) have said things will get much worse with the possibility of a depression not off the table yet are to be discounted by a market in congestion.
Roubini had become a bit more optimistic but again has begun another cycle of doom and gloom. He has stated the possibility of another 20% loss in the Dow plus hundreds of funds going bust.
The way you sound seems that this was just a mild recession like the previous ones we have had.
The question is, how long is this going to last? My mother (an accountant who does business with some very large banking firms) says it will last about 18 months --- and that it will be "ugly" for a lot of us.
Even 18 months seems too small of a time to deleverage trillions of dollars of the derivative Ponzi Scheme the banking system put together. Billionaire investor Marc Faber has said that 60-100 trillion dollars have been lost worldwide. That is wealth destruction on a magnitude never seen before. Another economist said it is equivalent to 38% of the value of all businesses worldwide. Peter Schaff, I believe, testified before the House that to allow another Lehman to go will propel us into a Depre
Bush told me to tell you if you take down your video's off YOUTUBE he will give you 3 big fat ass pieces of crack so you can smoke it all night long. You are so fucken smart tell us more brother that we haven't heard before. I heard this so many times come up with something new. A 20 dollar rock will be the same after the crash.
Instead of end "will", end "well". I don't see how this will end well for a lot of us. Also wanted to point out that consumer spending is declining and automakers (among others) are in serious trouble. If GM, for instance, cannot resolve it's financial woes soon (by merging, etc) then we may see GM filing bankruptcy soon. Also wanted to mention that today's huge rally may be good news, but it's only in the short term. Things still look mighty grim in the long term.
Can you give me your opinion on the Fed's decision to buy into bank (stocks)? I don't see how this will end will for anyone. For the exception of saving our financial institutions (which, I admit, is vital for a running economy)--I don't see our overall economic situation improving until at least Q2 of 2010. Housing prices have not stabilized and unemployment is still a huge problem. I am disturbed to hear how many people think today's huge rally is a good sign.
He went to go "ballroom dance" as the majority of Americans are getting thrown out of their homes everyday?
Hey, is it me or should we be engaging with one another during these times instead of "blaming the victim" or doing other selfish activities such as ballroom dancing.
Damn, we just don't care about one another anymore. Complete apathy. What a sad commentary about the STATE of our world.
You had 15 months warning from me that this was going to happen. I gave you what to do, how to do it, and even gave you plenty of warning.
It's sad sacks like Chelle here who just don't get it. I sacrificed the chance to own a home because of the overpriced baloney going on over the last 5 years.
I care enough to give you 15 months warning, how much more hand holding do you possibly need?
only 400,000 people will probably loose their homes no reason to panic, this will encourage them to try harder instead of fucking it up for the rest of us . ;-)
Chelle, what have you done to help warn people about this? John has gotten the message out to hundreds or thousands of listeners. I find that people who complain the most usually do the least.
there is no end to bad news. can you say derivatives ? baby boomers ? uncontrollable governmental spending ? more wars ? Sky high medical and dental costs ? Salaries are same as 30 yrs ago for a lot of people and even less. Why I'm pessimistic ? US economy will not be biggest economy in the world soon. US economy is based on consumerism . Most of out manufacturing was outsourced . We r screwed.
I don't want any loans. I'm paying off all my debts and renting an apartment. Three payments left on my car. Instead of paying the banks I'm now paying myself. I think the Fed has flooded the world with money to stave off deflation. It's not working. Prices are falling in almost every realm - stocks, housing, commodities, and all debt save for U.S. Treasuries.
How can this recover? 11+ trillion in debt, 1.8 trillion trade debt with China, over 2 trillion to other countries. I appreciate your comments but I don't think this time is going to be the same as any other time. I also disagree on another thing, holding gold or silver is always a good idea. Our dollar is almost finished completely. Why? Start researching the year 2012, the great cycle is due and what's happening right now is happening right on schedule.
it is very dangerous to stay in cash .I hope dollar will crash as soon as possible so these suckers will lose a fortune I think the date is March of 2009 when dollar start severe decline
"The Germans have received back again that measure of fire and steel which they have so often meted out to others. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
Dooode! Are you a sell side lender propoganda artist? There's no more credit until you can back it up with any more real dollars. This bailout is going to be a failure if nothing is done to improve the fundamentals of the economy. Otherwise, you will definately see a decline in the USD, no access to credit and lots of Americans offshoring their accounts to avoid this burden. Regardless of the mechanics of it, bailout is an empty answer to our economy. We need protection of internal markets.
little crisis, near the bottom ? john your miles away. this is just the beginning of the biggest one ever. this is the mother of all crisies. not my words... the words of paul volker in feb 2008.dont look at the plan head on, look for the slight of hand...watch goldmans, morgans and rothschild buying up assets while the taxpayer takes on dept and inflation from increase in the money supply. if you think things are going to get better within a year, your off with the fairies or guessing. sorry da
Your view is actually optimistic relatively speaking. As you know, there are others on Youtube and elsewhere predicting a Mad Max type of scenario. I hope you are correct. I especially hope your prediction about the real estate market comes to pass. This was going to be my next area of endeavor just as the credit markets began to run into trouble last August.
The date October 7 is being tossed around regarding a collapse. Have you heard anything about this?
You're no dancin' fool....Wise advice.. I hope your prediction does not happen next week..but your practical suggestions are good, solid insurance. Oh btw... the NUTRISYSTEM pea soup is so much better with a little HOT madras curry sprinkled with sesame seeds, or for variety add chopped (STORABLE) sundried tomatoes.
He's more optimistic than other commentators I've listened to like Tudor Jones, Prechter, Faber, Hennecke and others. Besides giving commentary, these guys are also fund managers and billionaire investors who say the US is heading for a decade long recession and even a DEPRESSION. Even if that crooked Bailout Plan goes through the US economy will be destroyed either way.
I would love to believe that this was the bottom, however.. a) Where are the new jobs to come from? We have no industry to employee anyone at a living-wage. b) By 2010-2012 Peak Oil will be devastating the world economy, and little to nothing is being done. c) There's no innovation, aside from Internet nothing has changed in decades. d) Next 5 years neg-am loans will begin resetting. e) Out fed reserve is going bankrupt f) Inflation will go hyper. Where is this opptomism coming from? lol
I agree with you except for one thing. Peek oil is a sham. Please watch Lindsey Williams video called, "Energy Non Crisis". He's one of the very few who have nailed everything he said would come. He was in Alaska from 1970 to 1973 and found out we have over a 200 year supply of oil. After he left they found another 200 year supply. The IMF sets the rules and the oil scare of the 1970's was created to fear the public into another scam.
One big variable to this whole scenario is whether or not foreign investors will see this as an opportunity to pull out of the dollar or as an opportunity to buy in at low prices.
The 700 billion is going to be through bonds sold on the open market from what I've heard.
The markets go up after the bailout and the dollar goes down. Food and energy prices will soar again and in a few months we will have an even bigger problem on our hands.
The markets go down and the dollar goes up. Prices fall, but mass layoffs cause an unemployment crisis.
These economic tensions coupled with our terrible foreign policy do not bode well for our chances of a serious military confrontation.
what about credit card defaults, auto loans, commercial real estate they have yet to come. you haven't even talked about the bond crash (swf) withdrawing because of all the bailouts. why swiss franks when they pay close to 0%. i would rather own gold as it too pays no interest but its no ones liability. i agree with you on having cash at home for 3 months. GDP is 70% consumption and americans are broke and so economy is broke. savings negative. long way
John, good to see your doing well. I think your a bit too optomistic, as far as the economy bottoming out in the next 6 months and then everything will be back to normal in the next year. If anything this is the middle of the begenning. Whether the $700 Billion pass's or not probaly won't matter, this thing Blew up in Bush, Paulson's and Bernake's face. The $700 Billion is like putting a bandaid on a gut shot. I hope your right but no commentor I have seen agrees with you.
I don't buy the credit freeze scare. The Fed was chartered by Congress to provide liquidity as the lender of last resort. Why are they threatening to not fulfill their statutory role? If they don't, they should be nationalized immediately like Fannie and Freddie. Bad banks should die, then good banks can take over their business with credit from the Fed and some sort of certification of solvency from Treasury so that depositors will capitalize them further.
Why have you not made any new videos lately?
catdog262 3 years ago
Things haven't changed enough to warrant a new video. I know that lots of exciting things are happening in the news, but the fundamentals haven't changed. There are lots of people who can report the news.
My advice is the same: Stay cash. Have food. Stay away from Precious Metals.
One thing: The bottom is near. One or two more plunges and it will stabilize... if they stop changing the rules.
I'll make a new video as soon as it's time.
Thanks for watching patiently.
jpalme2000 3 years ago
2500 more points down on the Dow will be a 10,000 point loss. It's a slow motion crash.
Keep 'em coming John, and whatever you do don't change your intro music.
TYX91101 3 years ago
You need some 'newer' videos good buddy!
dontswin 3 years ago
He probably left the country lol. I WOULD HAVE! But I'm a broke excuse for an american.
brown55061 3 years ago
rotfl,, resolved in 6 months?,, same bs as you usually post,, remember the dollar crash you predicted?
yawn
silverrain12345 3 years ago
Hey, genius, remember when the dollar was worth $1.62 Euros and then it dropped to $0.72 Euros?
John was the ONLY guy on the interenet that predicted the crisis of August 2007, when there was $1 billion of shorts on the S&P 500. He predicted a crisis that would crash the S&P 500. And the thwarted crisis was the nuclear bombs on the planes discovered at Minot AFB, originally headed for Iran by a shadow US government. Look it up, you pompous ass.
SModikoane 3 years ago
it's not the dollar that is set for a crash,, it's the euro.
the stronger the dollar the weaker the s&p.
even the stronest of late,, the yen, is beaten my the strong dollar.
it's a simple supply demand issue, the depression has destroyed dollars faster than government monkeys can replace them.
silverrain12345 3 years ago
Bush stopped printing the dollar printing/minting report in 2007, because they were printing so much money, they didn't want anyone to know. The banks demand more dollars from the taxpayers without lending any back out to shore up the jobs. Retail will collapse, then commercial real estate, etc.
SModikoane 3 years ago
deflation destroys dollars (assets and chattle value) at 10 times the rate they can be produced. to make matters worse, all the trasheries they sell will directly compete for stock market dollars.
aussies bailout plan is 50% bigger than ours by gdp.
markets will crash as there is not enough money to buy the treasuries and the stock market,, there is only so much.
dollar will continur\e to rise
silverrain12345 3 years ago
I wonder if I should continue to subscribe to this since he's only putting out a video every 3-4 months now.
2landscapes 3 years ago
How the hell does he have over 600 subscribers when he rarely puts up a new video? It's amazing. He was chugging along with new videos on a weekly basis, then he suddenly stops. That must have been the day he found a girlfriend or something. I liked his economic forecasting before I listened to Schiff, Rogers and Gerald Celente. Then I figured his expertise was more in engineering than economics. I unsubscribed. Just checking in to see what he is up to... and this is it.
ArchaicRevivalx2012 3 years ago
Things are not getting better at all.
josecitomadera 3 years ago
Maybe because he was in a car "accident" after his accurate prediction of a crisis of 9-11 proportions, a crisis that was thwarted at Minot AFB in August of 2007 (Labor Day).
SModikoane 3 years ago
All I got to say to all this is:
GOT GOLD?
dontswin 3 years ago
what a farce this Ponzi/Pyramid scheme we have of an economy. What real economy do we have? Who gets by today working only one job or working just 40hrs./week?
As Peter Schiff says we have a phony economy based on debt expansion in the form of a Fed expansionary policy. Inflating the money supply is not an economy but robbing Peter to pay Paul. What does it matter if this hogwash is stabilized if it's not nothing other than debt paying off other debt, rolling over, refinancing it, debasing the
josecitomadera 3 years ago
Unless the credit card companies and interbank payment system fails, we'll start to recover in about March of next year. However, because of the lag of the reporting systems, you won't start to see it reported until June of next year.
Right now, folks are bringing out all the bad news. It's now OK to report bad things, the executives can blame it on the general economy.
jpalme2000 3 years ago
The way you make it sound the Fed, the Treasury and the Gov't over-reacted severely. There was no need to bailout anything at all. Between guarantees and actual cash infusions it totals 5.5 trillion dollars or so. Why all of this if it's going to recover so soon?
Mish Shedlock has stated the entire banking system is insolvent. The Treasury Markets are giving yields of ZERO. Supposedly it is pricing in a Depression.
My opinion is that they should have allowed it all to go so we could have see
josecitomadera 3 years ago
What has happened to him? The market has gotten worse in a way he thought not possible.
josecitomadera 3 years ago
The market is exactly where it was one month ago. All the doom and gloom on the news you see is the system purging itself of the excesses. As I said, 6 months things will be better. We are only 1 month into this process. It doesn't happen quickly.
I wish they'd stop trying to treat the symptoms with bandages based on politics.
jpalme2000 3 years ago
So Nouriel Roubini and Peter Shiff(sic) have said things will get much worse with the possibility of a depression not off the table yet are to be discounted by a market in congestion.
Roubini had become a bit more optimistic but again has begun another cycle of doom and gloom. He has stated the possibility of another 20% loss in the Dow plus hundreds of funds going bust.
The way you sound seems that this was just a mild recession like the previous ones we have had.
josecitomadera 3 years ago
You were right.
The question is, how long is this going to last? My mother (an accountant who does business with some very large banking firms) says it will last about 18 months --- and that it will be "ugly" for a lot of us.
Your thoughts?
zenithomega19 3 years ago
Even 18 months seems too small of a time to deleverage trillions of dollars of the derivative Ponzi Scheme the banking system put together. Billionaire investor Marc Faber has said that 60-100 trillion dollars have been lost worldwide. That is wealth destruction on a magnitude never seen before. Another economist said it is equivalent to 38% of the value of all businesses worldwide. Peter Schaff, I believe, testified before the House that to allow another Lehman to go will propel us into a Depre
josecitomadera 3 years ago
This guy knows some stuff but most of it is ridiculous advice. Since he has the crystal ball why doesn't he have his own national show or something?
devonge 3 years ago
We are nowhere near done, we have years of bankruptcy's left to go.
Rustyshackleford08 3 years ago
This has been flagged as spam show
Do you touch little children?????
Bush told me to tell you if you take down your video's off YOUTUBE he will give you 3 big fat ass pieces of crack so you can smoke it all night long. You are so fucken smart tell us more brother that we haven't heard before. I heard this so many times come up with something new. A 20 dollar rock will be the same after the crash.
snitchboy12 3 years ago
I'm ascared.
anilomd 3 years ago
EDIT:
Instead of end "will", end "well". I don't see how this will end well for a lot of us. Also wanted to point out that consumer spending is declining and automakers (among others) are in serious trouble. If GM, for instance, cannot resolve it's financial woes soon (by merging, etc) then we may see GM filing bankruptcy soon. Also wanted to mention that today's huge rally may be good news, but it's only in the short term. Things still look mighty grim in the long term.
IMO.
thanks
zenithomega19 3 years ago
John,
Can you give me your opinion on the Fed's decision to buy into bank (stocks)? I don't see how this will end will for anyone. For the exception of saving our financial institutions (which, I admit, is vital for a running economy)--I don't see our overall economic situation improving until at least Q2 of 2010. Housing prices have not stabilized and unemployment is still a huge problem. I am disturbed to hear how many people think today's huge rally is a good sign.
It isn't. Thoughts?
zenithomega19 3 years ago
i think we should all go ballroom dancing!
pookie67 3 years ago
the fact that the market is going down in value is not a crisis, but a sign that market forces & still in effect.
circusboy90210 3 years ago
I know this guy isn't serious...?!?!?
He went to go "ballroom dance" as the majority of Americans are getting thrown out of their homes everyday?
Hey, is it me or should we be engaging with one another during these times instead of "blaming the victim" or doing other selfish activities such as ballroom dancing.
Damn, we just don't care about one another anymore. Complete apathy. What a sad commentary about the STATE of our world.
chelle099 3 years ago
You had 15 months warning from me that this was going to happen. I gave you what to do, how to do it, and even gave you plenty of warning.
It's sad sacks like Chelle here who just don't get it. I sacrificed the chance to own a home because of the overpriced baloney going on over the last 5 years.
I care enough to give you 15 months warning, how much more hand holding do you possibly need?
Where were you for the last 15 months?
Shall we dansu?
jpalme2000 3 years ago
Dude, calm down. Quit being so defensive.
I never knew about you 15 months ago.
I did know about people such as Vision Victory here on YouTube, Alex Jones and Ted from Midas Resources.
You are a newbie and a bit over confident. But KUDOS to you and your nice dancing shoes.
Dance away pal. On judgement day you will have to answer why you danced away while your bretheren (everyday people) suffered.
I forgot. You are god and we must worship YOU!!!!!!!!!!
chelle099 3 years ago
I thought you were a chick??? any how Jpalme is very knowledgable but in my opinion a little too optimisic about the projected recovery.
Repomex01 3 years ago
only 400,000 people will probably loose their homes no reason to panic, this will encourage them to try harder instead of fucking it up for the rest of us . ;-)
circusboy90210 3 years ago
Chelle, what have you done to help warn people about this? John has gotten the message out to hundreds or thousands of listeners. I find that people who complain the most usually do the least.
lorax2014 3 years ago
US is the strongest a biggest economy in the world. Why are u so pessimistic?
rosewood223 3 years ago
haha are you serious??? you must be joking, or just not watching the news
talktal 3 years ago 2
there is no end to bad news. can you say derivatives ? baby boomers ? uncontrollable governmental spending ? more wars ? Sky high medical and dental costs ? Salaries are same as 30 yrs ago for a lot of people and even less. Why I'm pessimistic ? US economy will not be biggest economy in the world soon. US economy is based on consumerism . Most of out manufacturing was outsourced . We r screwed.
VivaMydick 3 years ago
God damn you Richard.
ArchaicRevivalx2012 3 years ago
good advise, get a small solar panel and run freezer ,you can air seal your meats and freeze
this way it will last a very long time
VivaMydick 3 years ago
They are going to get the dollar to a point where they will throw us the Amero line.
tecnohunk 3 years ago
I don't want any loans. I'm paying off all my debts and renting an apartment. Three payments left on my car. Instead of paying the banks I'm now paying myself. I think the Fed has flooded the world with money to stave off deflation. It's not working. Prices are falling in almost every realm - stocks, housing, commodities, and all debt save for U.S. Treasuries.
TYX91101 3 years ago 2
Good to see you're back, John. Haven't seen ya for months now. Keep it up.
JackNeedles 3 years ago
Lindsey Williams, in my opinion is a pathetic ignorant. The guy is not able to use simple math. His lecture is trash.
jimjaas 3 years ago
Where the hell have you been? I miss your analysis.
june350 3 years ago 3
How can this recover? 11+ trillion in debt, 1.8 trillion trade debt with China, over 2 trillion to other countries. I appreciate your comments but I don't think this time is going to be the same as any other time. I also disagree on another thing, holding gold or silver is always a good idea. Our dollar is almost finished completely. Why? Start researching the year 2012, the great cycle is due and what's happening right now is happening right on schedule.
jsnip4 3 years ago
What about the derivatives market that a lot of banks are involved in.Wachovia has $4.6 trillion in derivatives alone.
ceverha 3 years ago
indeed seems everybody forgets about them :)
it is very dangerous to stay in cash .I hope dollar will crash as soon as possible so these suckers will lose a fortune I think the date is March of 2009 when dollar start severe decline
AntiBullS 3 years ago
This time I thing you are going to be wrong. The economy has only started to collapse and it will spiral down worse, before getting better.
UTubeConspiracy 3 years ago
"The Germans have received back again that measure of fire and steel which they have so often meted out to others. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
Winson Churchill
mukkeer 3 years ago
Good video subbed
vonhismean 3 years ago
Hey John good to see you again!
IMO you're being optimistic, but this is your vlog and you're entitled to your opinion. I hope it turns out that you are right and I am wrong.
I pulled my savings from WAMU a couple weeks ago, locked some in the safe and rest into a local credit union.
Prepped during the cold war in the mid-80's, and have stayed prepped, so I'm set.
Congrats on the ballroom dancing! If I didn't have 2 left feet I'd love to try it. Did you move? Place looks different.
hunt1803 3 years ago
Dooode! Are you a sell side lender propoganda artist? There's no more credit until you can back it up with any more real dollars. This bailout is going to be a failure if nothing is done to improve the fundamentals of the economy. Otherwise, you will definately see a decline in the USD, no access to credit and lots of Americans offshoring their accounts to avoid this burden. Regardless of the mechanics of it, bailout is an empty answer to our economy. We need protection of internal markets.
therealcaptobvious 3 years ago
little crisis, near the bottom ? john your miles away. this is just the beginning of the biggest one ever. this is the mother of all crisies. not my words... the words of paul volker in feb 2008.dont look at the plan head on, look for the slight of hand...watch goldmans, morgans and rothschild buying up assets while the taxpayer takes on dept and inflation from increase in the money supply. if you think things are going to get better within a year, your off with the fairies or guessing. sorry da
daveextra 3 years ago 2
John Williams of the website "ShadowStats" is predicting a hyperinflationary depression in 2010-2011. What do you think?
anilomd 3 years ago
Well $700 Billion will tide it over for another month of cocktail parties for politicians and 30 days of partying for them is good enough.
bigdog49094 3 years ago 2
Thanks for the new video. Good to see you again.
sciencegirl1 3 years ago
Your view is actually optimistic relatively speaking. As you know, there are others on Youtube and elsewhere predicting a Mad Max type of scenario. I hope you are correct. I especially hope your prediction about the real estate market comes to pass. This was going to be my next area of endeavor just as the credit markets began to run into trouble last August.
The date October 7 is being tossed around regarding a collapse. Have you heard anything about this?
Thanks for your videos. Be well.
anilomd 3 years ago
hiya john...nice to see you !
...thanks for the commentary ...
bebop54 3 years ago
ty for the post
bandit2888 3 years ago
CASH...check...FOOD...check...WATER...check.. SHELTER...check...LEAD...check...GOOD TO GO.
christianwarrior83 3 years ago
1) You promise to provide cash to banks when needed. (the federal reserve)
2) You create a situation that insures the banks will need cash.
3) You take assetts as coleteral.
4) Make the problem worse.
5) Cut off the cash when it is need by banks
6) JPM gets Bear, WM for almost free
I wonder who benifits from a federal reserve system?
UTubeConspiracy 3 years ago 2
good vid john, BUT you say dont invest in gold, yet you buy a currency BACKED by gold(SF)?
gypsybiker45 3 years ago 2
You're no dancin' fool....Wise advice.. I hope your prediction does not happen next week..but your practical suggestions are good, solid insurance. Oh btw... the NUTRISYSTEM pea soup is so much better with a little HOT madras curry sprinkled with sesame seeds, or for variety add chopped (STORABLE) sundried tomatoes.
clayvessel 3 years ago
He's more optimistic than other commentators I've listened to like Tudor Jones, Prechter, Faber, Hennecke and others. Besides giving commentary, these guys are also fund managers and billionaire investors who say the US is heading for a decade long recession and even a DEPRESSION. Even if that crooked Bailout Plan goes through the US economy will be destroyed either way.
josecitomadera 3 years ago
I would love to believe that this was the bottom, however.. a) Where are the new jobs to come from? We have no industry to employee anyone at a living-wage. b) By 2010-2012 Peak Oil will be devastating the world economy, and little to nothing is being done. c) There's no innovation, aside from Internet nothing has changed in decades. d) Next 5 years neg-am loans will begin resetting. e) Out fed reserve is going bankrupt f) Inflation will go hyper. Where is this opptomism coming from? lol
PeakedEarth 3 years ago
I agree with you except for one thing. Peek oil is a sham. Please watch Lindsey Williams video called, "Energy Non Crisis". He's one of the very few who have nailed everything he said would come. He was in Alaska from 1970 to 1973 and found out we have over a 200 year supply of oil. After he left they found another 200 year supply. The IMF sets the rules and the oil scare of the 1970's was created to fear the public into another scam.
jsnip4 3 years ago
That dancing is doing you well with regards to your health, you can see it in the color of your face.
virginlampoil 3 years ago
Hi John,
yes, welcome back!
did miss your commentary...
always welcome info & perspective.
Winst0nOBoogie 3 years ago
One big variable to this whole scenario is whether or not foreign investors will see this as an opportunity to pull out of the dollar or as an opportunity to buy in at low prices.
The 700 billion is going to be through bonds sold on the open market from what I've heard.
mysingerd 3 years ago
About time you got back here :P
I'm seeing this playing out 1 of 2 ways.
The markets go up after the bailout and the dollar goes down. Food and energy prices will soar again and in a few months we will have an even bigger problem on our hands.
The markets go down and the dollar goes up. Prices fall, but mass layoffs cause an unemployment crisis.
These economic tensions coupled with our terrible foreign policy do not bode well for our chances of a serious military confrontation.
mysingerd 3 years ago
GOLD IS REAL MONEY!
SolitonPL 3 years ago 2
Hi Jpalme,
Good to see you again.. I like your usual straightforward analysis.
reydeang 3 years ago
Max Keiser a great guy to listen to also.
molagingo 3 years ago 2
I hear ya. Told my husband last Fri to pull out all of our cash from the bank. We'll be working with a cash economy for awhile. Thanks for the vid.
t4ac3y1 3 years ago
financial system stable in 6 months??
what about credit card defaults, auto loans, commercial real estate they have yet to come. you haven't even talked about the bond crash (swf) withdrawing because of all the bailouts. why swiss franks when they pay close to 0%. i would rather own gold as it too pays no interest but its no ones liability. i agree with you on having cash at home for 3 months. GDP is 70% consumption and americans are broke and so economy is broke. savings negative. long way
joshrain1 3 years ago 5
John, good to see your doing well. I think your a bit too optomistic, as far as the economy bottoming out in the next 6 months and then everything will be back to normal in the next year. If anything this is the middle of the begenning. Whether the $700 Billion pass's or not probaly won't matter, this thing Blew up in Bush, Paulson's and Bernake's face. The $700 Billion is like putting a bandaid on a gut shot. I hope your right but no commentor I have seen agrees with you.
valhala56 3 years ago
I don't buy the credit freeze scare. The Fed was chartered by Congress to provide liquidity as the lender of last resort. Why are they threatening to not fulfill their statutory role? If they don't, they should be nationalized immediately like Fannie and Freddie. Bad banks should die, then good banks can take over their business with credit from the Fed and some sort of certification of solvency from Treasury so that depositors will capitalize them further.
They are clearly lying.
MillionthUsername 3 years ago
Man, Where have you been????
I thought that You and MOT were taken by Homeland Security.
Glad to see you.
Kittenkattan 3 years ago 3
Dude Where HAVE YOU BEEN!
supafaith 3 years ago 2
Yeah I've been wondering the same thing...
kailynleto 3 years ago 2