Yep home sales # is bullcrap, same with cash for clunkers, hell all the gov is doing is lying. Obama refuses to release the mid year budget data. Why? Because the numbers are so shocking it would send the stupid criminal stock market back to the lows quick.
But he has to release it, mid August I think. Dollar has collapsed 14% since March. It goes on and on, Id be ready for anything soon.
The Dow 30 stocks psychologically control all the stock markets around the world...its very easy for the insiders to manipulate 30 stocks, especially now, using bailout money..I doubt they'll let the Dow drop.If the Dow is manipulated higher all the
suckers will rush in and buy the rest of the market..notice how well the price of gold is being held under 1000.Big money knows the game is over if the Dow drops..they'd be foolish to let it happen, especially when they have free money to run it up.
How can we be recovering when people are still losing their incomes and afterwards their homes? Please let me know where this "pie in the sky" recovery is at.. maybe I can get a job there!! So sad that people believe this.. they are so preoccupied with "So you think you can dance" or "American Idol".. they'd probably think Nancy Pelosi is a contestant on "The Bachelorette"!!
You wrong about stocks and houses. The best time to buy a house or tocks is when the currency is about to fail. Why? you basically get a house for free. A house is a real good.
I think the bargin hunters are coming into the housing market thinking this is the total bottom and that the recovery has started...its very possible that large numbers of people are starting to buy homes..the numbers will increase as long as the FED keep printing vast amounts of money...so look for a continuation of sales increases.
A. No realtor worth his weight puts a sold sign on a property until all purchaser conditions are removed.
B. Cancellations of 50%? Unless you mean 50% of the buyers make their offer conditional upon selling their existing properties or obtaining financing, they I can see it in this hostile climate.
But that isn't technically a sold property.
Perhaps the media is adding in 'conditional sales' with completed sales statistics.
Should you still try to sell your home??? It would depend on where you live. In some place existing home prices never really went down. The appreciation slowed to nearly zero but they didn' tlose value. In other areas home prices went way down. Where do you live?
People, sheeple, morons, obama followers and blah, blah, blah, blah, I can't believe I spent so many days and hours listening to this; look at Dow, it's getting stronger, we have bottomed. It's time to really wake up and go back to reality other wise you will be diagnosed as having delusion disorder or, even worst, schizophrenia.
If the bottom has been hit then you should have no reservation about getting in the market right now. Put your money where your mouth is. Let me know how it goes...
Weird. I made paychex deliveries today. One mall in East Brunswick, NJ was 80% abandoned. At a large office building, car parking lot was 70% empty (from 2 mo ago). It seems that the well-off neighborhoods and cities are less affected and things are starting to catch up to them.
Macy's was empty of customers, so was rest of shopping mall.
hey im right in bridgewater. there is a lot of new buildings abandoned. nothing like the west coast though. def not the same around here, but not a disaster. yet haha
Fox Bus News one minute ago: Charles Payne says don't expect gold to go up until at least late 2010 & don't invest more than 10% in it UNLESS you have a bomb shelter & AK47s....ha, ha, ha.
Meanwhile, foreign countries and sovereign wealth funds, and public and private companies are either repatriating gold or buying hand over fist.
Northwestern Mutual Makes First Gold Buy in 152 Years
Gold just seems to make sense; its a store of value, Chief Executive Officer Edward Zore said in an interview following his comments at a conference hosted by Standard & Poors in Brooklyn. In the Depression, gold did very, very well.
Charles Payne said the dow was going to 15,000 in 2008 and the bottom was at 12,000. He also said to buy WAMU a few days before it collapsed. Charles Payne is an idiot.
I think this market will go up a little bit more right now. but late oct or early nov you and I have argeed that we will see some pretty bad numbers. I think by year's end will will test the 6500 mark again. who knows from there.
The U.S. Treasury sold $39 billion in five-year debt on Wednesday in an auction that drew poor demand, raising worries over the cost of financing the government's burgeoning budget deficit.
I read somewhere that over 8 trillion dollars of debt will be offered worldwide this year. You've got to wonder who will buy it all.
I hope Vision does a new video to explain why what were seeing is NOT a bottom (after seeing the new case shiller price results yesterday) and what he expects next.
Great Video, as usual! I just posted a couple comments on one of Daniel's other channels, 'Christian RedPill' and I'd really like to hear thoughts and comments from anyone who enjoys discussing that subject. Sorry to be off topic, but the video I commented on was a month or two old, so not as many people are currently viewing it (it's the most recent one) Thanks
skyding8962 i think your medication is off you seem a little delusional. You go check the REAL facts there out there. That is what i have to say about that !!
Im not delusional. Im a doom and gloomer like you. I'm just admitting that weve hit a bottom "temporarily". I think when interest rates rise to pay for Obama spending the housing prices well drop again. But I don't think we have a whole lot more to drop considering were putting a temporary floor in already.
Im more pessimistic than Vision in some ways. But you can't argue with the facts in front of us. We have hit a temporary bottom in housing. It may be a doubledip or temporary, but as it stands we are rock bottom for the near term. Prove me wrong.
dude the option arm reset is going to be just as bad. They started this month. A trillion dollars in loans to people who couldnt afford them and packaged in CDO's. Its a friggin haymaker almost as big as the subprime crash.
No I didn't say recovery. I said "bottom". Well be stagnating around the bottom for a long time.
As I said earlier it may not even be permanent, but right now we have hit a temporary bottom. I think in the long run well decline a little bit more when interest rates start rising and as we get through the fall.
A federal advisory committee issued sweeping guidelines Wednesday for a vaccination campaign against the pandemic swine flu strain, identifying more than half the U.S. population as targets for the first round of vaccinations.
The priority groups include pregnant women; health care and emergency services personnel; children, adolescents and young adults up to age 24; household and caregiver contacts of children younger than six months
and healthy adults with certain medical conditions.
The guidelines were approved in a near-unanimous vote by the 15-member Advisory Committee on Immunization Practices. One person dissented on whether to include people ages 19 to 24 among those targeted.
Hey Dan, Chill dude! Gosh really; I know what I am rooting for here and that is the "recovery" because the powers that be have gambled sooo very much into it, that failure is almost unthinkable... That is both in USA and UK.
I would rather a recovery based on fantasy in the short term, than catastrophe based on reality. Mind you you are so right! We live in strange times bra.
Rooting for the recovery is no better than ad campaigns. Yes we can! is a lie, and they know it. Our leaders have sold us down the river all the while chanting , "You can compete with anyone!" Simultaneously they REWARDED corporations that used slave labor in competing markets. So, you tell me, what has really CHANGED?
I really wish that I felt more opitimistic about the future, I really do, but Gerald Celente has hit the nail on the head. Yes, there will be rallies on the stock market and some economic data would suggest we are on the road to recovery, unfortunately the core fundamentals do not support that.
It's time for people to get real, and it's going to be so hard for some, as we have had a generation of people who have been spoilt, not their fault, however their expectations will have to change.
It's just timing now, the fundementals are dreadful and the average person is not aware of the massive debt problem (public and personal). repayment of the debt is going to significantly lower demand for goods and services.
I watched a programme in the UK titled "Blood, sweat and takeaways", it documented life a an ordinary chinese worker in a tuna factory being paid £2 per day working flat out, could this be the future we face in the Western world, reality is hard.
Had I only listened to the media hype and not followed economics, I would feel optimistic now, there is a feel good factor, stocks are on the rise and we are told that the worst is over.
But I don't just listen to the media hype and I do follow economics very closely and the truth is the game is up. Fractional reserve banking relies on exponential debt and we were maxed out, mind you, the bail outs have given us a breathing space (consider it another credit card), just a matter of timing now.
Housing hasn't gone straight down, its been up, but mostly down overall. Housing prices are still down year to year, don't be fooled by monthly numbers that pop in the summer. Housing can't bottom until interest rates go to fair market value.
"Fed survey shows signs that economy has stabilzed"
I cant believe the bullshit propaganda that is taking place on these supposed unbiased news networks.. Shouldn't they be held accountable for lying to the people? I have never seen anything in my life like what is going on in our country - It is being hijacked from within by some real nasty people..... Sad.......
What a relief! Now maybe that things have stabilized I can get back to raises, food prices not going up every week, lower gasoline prices, and my poperty taxes taking a haircut.
And in other news, I saw Jesus in my toas this morning and he told me to invest in US Treasuries. LOL.
The list of those officially declaring a bottom or "The recession is over" is growing:
1. Paul Krugman
2. Central bank of Canada
3. Bank Of America
4. Wall Street Journal
That coupled with China's market up 75% since last November and the fact that millions of Chinese are playing the stock market are signs of yet another bubble forming.
Remember, when the all clear is sounded, it is time to batten down the hatches.
5-Year Auction Generates Weak Response; Treasurys Fall
Treasurys fell after an auction of 5-year government debt saw another tepid response, with investors getting a yield of 2.689 percent on a swell of $39 billion in supply.
The results come a day after a similarly weak auction of 2-year notes showing a reticence for government debt as a record supply of $115 billion comes on line this week.
No wonder the treasury is not offering 30 year notes!!!
SHRPC Committee Approves Mandatory Flu Vaccines for Hospital Personnel
The definition of staff who would be covered under the rule includes . . . all persons employed or affiliated with a health care facility, whether paid or unpaid, including but not limited to employees, members of the medical staff, contract staff, students, and volunteers, who either have direct contact with patients or whose activities are such that if they were infected with influenza,
THANK YOU!!! See, America still has smart people. Yeah, house sales are seasonal, who wants to move in the winter, carry a queen bed over the icy driveway. Nope, most people like to move in the Summer, but wait! Aren't house values supposed to increase in the Summer!?? Well, they used to anyway.
The U.S. military wants to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.
The proposal is awaiting final approval from Defense Secretary Robert Gates.
The officials would not be identified because the proposal from U.S. Northern Command's Gen. Victor Renuart has not been approved by the secretary.
The plan calls for military task forces to work in conjunction with the Federal Emergency Management Agency. There is no final decision on how the military effort would be manned, but one source said it would likely include personnel from all branches of the military.
It has yet to be determined how many troops would be needed and whether they would come from the active duty or the National Guard and Reserve forces.
I wonder if these FUCKS even READ THE CONSTITUTION!
We all knew there was a reason the Army took over NorthComm last October 1st.
Fools posting regurgitated MSM news of roses do not understand the underlying evil of breaking of the LAW of the Posse Comitatus Act.
BTW, anyone see the PBS public service announcements (PSA's) with Grover telling kids to pack bail-out-bags...bottle of water, food, stuffed animal, flashlight...
Treasuries launch 235 BILLION dollars of new debt and gold/silver get hammered. Yep, that is because investors are flocking to US promises and running from hard assets.
The US markets are a huge joke. Personally, I hope they bring silver down to 5 dollars! Buy and HOLD, folks, BUY AND HOLD!
I bought Gold at $410 and Silver at $7 per ounce, I also bought Google at $188 per share. Now I am buying houses.
Recovery will be in the "News", but for every day people Jobless will only increase from this fall, well into next summer. Job market will be tough the next 12 month, at least. Stock market will hang over 10,000 for quite a while, up and down, up and down, maybe drag for 2 years. Day traders will win. For long term longs or shorts you need a lot of patience.
So when a news report shows good economic news it has to be a lie? Keep preaching the doom & praying for the big melt down Daniel. If it doesnt come what are you going to with all that tuna & rice?
Desperate state may sell Capitol buildings, others
Under GOP plan, government would pay to lease back most of the sites
Call it a sign of desperate times: Legislators are considering selling the House and Senate buildings where they've conducted state business for more than 50 years.
Dozens of other state properties also may be sold as the state government faces its worst financial crisis in a generation, if not ever. The plan isn't to liquidate state assets, though.
with the FED throwing tons of money at the economy NO ONE can predict what or went everything will crash..we're in uncharted territory..all thinking goes out the window..The FED will print TRILLIONS or go down dying..so NO ONE knows what kind of an effect 10's of TRILLIONS will have.
FXNorm, check out Zimbabwe School of Economics. They may be able to give you some insight into what printing millions of trillions will get you, colored toilet paper with pretty pictures and lots of zeros on it.
Search Youtube "Gold for bread - Zimbabwe" for a little crystal ball into our future.
The FED is nothing but a cesspool at this point, just a place for the banksters and government to dump crap into.
Yep, the media has been lying left and right. The saddest thing about all of this is all of the changes that are being made to our country right now because of this whole mess.
You are so right. How can the economy be improving when consumer confidence is so low and so many are unemployed. It is all hype. Our economy right now is like coton candy, all puffed up with air, just waiting to be caught in the rain.
At the seminar in Ontario Daniel gave some figures on 401k penalties and how the rate will be steeply increased after next year. Does anyone know where I can find that information? Thanks
Back in late 2007/2008 I commented on the governments future attempt to keep things from looking bad. The U.S. would probably appear to move forward. So far they are succeeding. Reality doesn't matter when the stock market is making money. I don't like it but its so. We are in a bad position if a hurricane or earthquake struck and affected a large area. In such a scenario the shit would hit the fan. Also I believe WWIII has been seeded and the U.S. wont be a primary player. Respected but broke.
Because morons like you arent listening to his warnings. And its really frustrating to see all these lies in the mainstream news. The collapse is happening whether you, I or even vv talk about it.. Wishing it away or discounting it as crazy wont change a thing the data still exists.
Its not easy to be some one predicting bad news because your ridiculed all the way up to the point of it happening. Then when it happens others either forget about your prediction or blame you for causing it.
The economy will never recover our goverment does not want it to ever recover they have us exactly were they want us to be. Poor and unhappy it was so easy to fix our fucking economy its just sick . Simply close the boarders to import export and give to the people pay off the debts and no credit for five years if we pay your debts. It would fix this nation right up and most likey cost less .
wow that is so ugly. we will press on but with the constitution in tact. no new way. we don't have Guns for us... we have the to protect us from those who want to do us harm
For those who live in fantasy obama land, some Americans will find a way to live...by finding you and inserting a gun in your mouth and later taking everything you have.
Wow...thanks for that post...I totally agree...nothing but a bunch of pussys here. I had nothing growing up, finally got a bike at 10 years old....no tv....hand me down clothes, no car....and dam...we made it, I joined the military, used my GI bill, worked a full time job and went to school at night......most of these people are nothin but a bunch of lazy complaining spoiled brats...
You sound a little unhinged. If you like propaganda turn on the tv. They will tell you gum drops and lollipops are falling from the sky as your countrymen become homeless peasants.
another "run of the mill" meaningless post. Why don't you get your head out of your ass and do somthing else besides complain about your period, damn, I spent 4 years in a cannery in Alaska, 3 years oversears during war, drove a cab, stocked shelfs at night, washed dishes, pumped gas...and made it through college when I was 32 years old. I spent almost 18 months unemployed mowing lawns, roofing when I could, with no government subsistance. I'm sick of whinning pussys like you
This post is anything but run of the mill. He is truthfully reporting on our economy and all you can do is lie. Who cares if you were so stupid and incompetent as aman you had to box fish, clean dirty plates, fill cars with gas to get to a place of higher learning. It is obvious you didn't learn much. You can't touch vision and you are one of the reasons this country is in decline. Please kill yourself now so others that want to live can have the space DUMBASS
yes, it's vile feces like yourself who have done nothing for this nation but sit behind a computer and talk shit...nothing, but grow up on MTV/X-Box and getting fat. You're just another example of why this country really has the problems it does. You're a crying little twit, with a snotty nose and a dirty diaper...in need of change for quite some time, the stink permiates through this message board....I have by the way, accumulated more through hard honest work, then you will ever.....ever!
Big bull........ I live in Florida and the house crises is very far for end.The banks do not suing the home honers who stop to make payments 8 iv en more months, in a lot of case the Banks iv en stop the foreclosure is call Voluntary Dismissal.This is Al public records why the big media do not check?
man i've been watching your videos since january and i got to say that you're really good at economy and all that shit, i've learned a lot man thank you i just need to ask you, are you latino?
What should I tell them? To audit the fed or what? Who should I call, my congressman/women, my senator? Please tell me what I should do, I want to get involved?
You can call your congressman but the majority of the time you either leave a message or talk to the secretary. You can google your state and look at contacts on the state website. I've never been able to get a hold of my congressman directly. Or any government official, in fact. What I've resorted to doing is writing tons of letters, both snail mail and email. I'm not exactly sure how effective it is though.
I've heard that the hard-copy letter is more effective- it's in their hands. I've also heard that they count every letter for about 13,000 people: meaning if one person wrote the letter, 13,000 must feel that way also, but are not writing it.
I did not buy a plasma but I bought a 32" HDTV. I had an old Sylvania regular tube TV the whole time. I figure watching all these videos and hearing about inflation coming soon I best go to Best Buy and get me sun of them shelves. Plus I am thinking of getting things which will last long time, like boots, digital camera, some cloths for long haul, plus things which I need, not really want.
Buying a house right now is just stupidity. No one's job is secure anymore and the US is flat broke. If I ever watch the news, I just laugh. It's all BS about the economy recovering. Great Video as usual.
I figure since housing has stabilized (price wise and sale wise) officially according to latest news the economy should start to improve by the end of the year.
News is like media attention for the stars. It does not matter if it is good or bad publicity, as long as they get publicity. Obama does not care if the news is good or bad, just as long as there is news. A distraction is hardly ever good.
Read the MarketWatch story today titled 'Goldman In The Hotseat' regarding commodity hearings. Then realize that Gary Gensler, CFTC head, is FROM GOLDMAN SACHS!
This Obama appointed fox is guarding the Goldman henhouse. Judge Gensler by what he DOES, not what he SAYS(like Obama).
It's just a tangled Goldman Sucks mess. Google for "Get Ready For Banking's Next Headache"... and that was on cnnmoney. Looks like the Commericial Real Estate Collapse can't be ignored anymore, quote: "Regional banks can no longer ignore the elephant in the room -- their exposure to the commercial real estate bust."
Home prices rose month to month for the first time in 3 years. Looks like Vision is wrong. THe fact that sales are increasing and prices have stopped dropping, basically we've hit a housing bottom.
Housing prices are irrelevant??...than why does VV keep mentioning housing prices and loss of equity...you're a complete moron...just for making that statement
Give your congressman or senator a call today. Shit, if you feel like it call em all. Tell a stranger to call. Let Washington know the villagers are getting restless.
Capitol Switchboard (202)224-3121
END THE FED!
Watch Bernanke THREATEN US!
watch?v=AidBugvVqpw
HOW MANY AMERICANS HAVE DIED FOR A BULLSHIT CAUSE? HOW MANY IRAQIS OR AFGHANIS? HOW MUCH MONEY HAVE WE WASTED!
Consumer confidence takes second straight monthly drop
Consumer confidence took its second consecutive monthly drop in July, the Conference Board reported Tuesday, underscoring still-gloomy sentiment about the U.S. economy.
Try this on for consumer confidence:
Millions wait for delayed jobless checks
Cracks in unemployment system widen under strain of recession
w ww . msnb c . ms n . c om/id/32116694/ns/business-the_new_york_times
Dutchess County, NY. My realtor told me the homes that sell are all really low bids against owners that are desparate. All the new construction is sitting there empty or short sales to get the builder out of hock. I see NO new construction here and the rentals have doubled. The Pennysaver that advertises jobs has shrunk to 1/2 thickness. Two of my friends, an engineer and a micro chip factory worker are laid off. Their whole companies were outsourced. The engineers co. is in China now!
ps. I did as one of the other gentlemen suggested and pulled out my 401k that I rolled into an IRA, paid the penalties and bought over $20K in gold and silver, mostly silver. I am buying more.
My bank gave me a hard time for pulling out my money. I lost so much off my 401k its not even funny. I was six figures had a home and lost it all over night. After finally seeing shipments of Silver arriving, I'm starting to feel financially protected again. It's a feeling that's hard to describe
Sorry to dig on you, but you don't sell low, you should have stayed in. Also, how can you lose your house if it's paid for? If it wasn't paid for you didn't own it.
So you know where I'm coming from , I move my 401k to a money market fund in 8/07, paid cash for my house years ago. Zero debt. Bought gold at $397.
Be careful of the shinny metels, they can burn you just as easy as the market. Read, read, read and keep your eyes open. Discount the doomers as you would the perma bulls.
Everyone has their own choice to make. If you feel the economy is good, then run with your faith. Go ahead buy a home, put yourself into greater debt while the dollar loses value on a daily basis of this so called recovery. Smart Move. Hoo Rah!!
Do your own research and check out the us dollar index for facts you can believe in.
I went to Daniels Seminar in Ontario. I think I was the only black guy there. LOL . Loved it and learned allot.
COME ON PEOPLE. Open your eyes. We are at the bottom! Have faith in our country! Re invest in America! Home prices are stabalizing! The numbers are in. Get your hands on a short sale!
Yes....we aqre nearer to the bottom than most think...maybe not quite, but we'll get there...and all these "end of america" doom and gloomers will have to get a life again...and a job
Why don't you back your talk up with some real data? Simply calling people doom and gloomers is anti intellectual. Impress me with your arguments next time.
"wake up" "Sheeple" .....blah blah..dude, impress you...???? (Laugh) what have you ever done that I or anyone else would need to impress YOU????? "anti-intellectual" the most anti-intellectual arguments are based right here in the Youtube world...I keep in tune with how moronic society has become right here.....about 10% of the bloggers here are smart enough to fight thier way out of a paper bag...the rest are followers of whatever they decide to believe in,regardless, if it's true of not....
Wow, you really know a lot about all the people who post here. Maybe you should be a psychologist?
You presume to know everything which means you've still got a lot to learn. I, on the other hand, like coultrane and others admit there is a great deal we don't know and strive to learn and understand. I'll be the first to admit I may be 100% wrong on where things are going, but I don't presume to belittle those who don't agree with me.
pretty stupid post, you presume I said I know everything..never did. and my posts never implicated that in the slightest (your lie) as far as be-littling...start at the top....get your facts straight........Psychologist...yes, I suppose many of the defeated here need a shrink...but I'm an avionics' person.....and that does not mean I fly airplanes..in case you can't figure that much out
V V did well here! He is not working by the sweat of thy Brow! Why did he do well here? Because of our spirt here in this country! That spirt is what makes us a great nation. Why are you people trying to destroy it?
Im in Va, My brother qualified for a 1,000,000 dollar mortgage loan and signed a contract for a home worth $530,000. Suntrust wouldn't give him a 90% loan in a declining market, they offered him an 85% loan even though their household income was above 200,000 a year. That means he has to bring over 85,000 to the table with closing cost. Looks like we're going to the old 20% down unless of course you qualify for the government loans. Buy a trailor and pay cash is my recommendation
the other BIG problem is the profitability of these new homes that are being sold? Builders are giving these homes away AND offerring huge incentives; eventually that has to catch up to the bottom line.
It's the same story with retailers - they might see an increase of sales, but at much lower profits. They can't sustain those discounts forever.
Of course the other "big" profits are from layoffs and other expenses cut NOT from revenue profit - again will catch up to these guys soon
Americans led by the hand to demise of one of the greatest human experiments ever-democracy.All we have is silence,whilst a few scream into the hurricane of deceit that is now MSM.Complicity,complicity your defense agencies are complicit,yet in the Nixon era their was a coup-how much longer before we have an awakening coup?
i see now why your angry and disgusted. the market has totally gone against you, thus many people who followed you could have made a lot of money if they didn't listen to you. we are in a bull market, deal with it.
Thanks Daniel for your take on this latest recovery hype. I was chatting with a builder yesterday and he was repeating the MSM nonsense to me. Rather than argue with him, I brought up the subject of the Homeland Security/FEMA NLE 09. He felt we needed to do lots more joint military drills to combat terrorism! The poor fellow truly doesn't have a clue.
Serious question. Should CNBC have its broadcasting license revoked? You may say well this violates freedom of speech, the 1st amendment. Yes and no. 1st amendment priviledges don't allow me to scream fire in a crowded theater and cause people to get trampled. Likewise I don't think the misleading the public by putting out daily lies and misinformation is covered under the 1st amendment. A network has an obligation to act in the greater good. CNBC is failing to do that. Something to think about.
Come on suckers, buy into it! Let's see if it makes any difference. In a few years time, no amount of wishful thinking is going to make the situation look good. I no longer care for talking people out of their stupidity. I just say : "FINE, blow your money away. Let's see what happens".
It's like people have the utopia chip from "syndicate wars".
DXY futures 78.34 a single tick off this years low KingdomPlantae Plants SubkingdomTracheobionta Vascular plants SuperdivisionSpermatophyta Seed plants DivisionMagnoliophyta Flowering plants ClassMagnoliopsida Dicotyledons SubclassRosidae OrderApiales FamilyApiaceae Carrot family GenusPastinaca L. parsnip SpeciesPastinaca sativa L. wild parsnip
Two of the worst economies are the two spending the most on "defence" in lands far away! William III had to introduce a Window tax for economic reasons relating to military spending. This was instead of income tax which was opposed as an invasion of privacy. Charles I had issues with parliament because of revenues to pay for military campaigns. Now in the UK we may even have taxes on views and patios in the near future! Oh boy, they keep digging the hole deeper don't they?
nice channel.
luckybear0301 11 months ago
This has been flagged as spam show
Housing officially RECOVERED?? Keep drinking the koolaid..
hemet92544 1 year ago
There are a finite number of people in the USA. They can't all buy new homes every year, lol.
Eldanen 2 years ago
Exactly....all these bubbles burst one day or the other.....I wonder what will they come up with next.
nyznicca 2 years ago
Obama is a breath of Fresh Air compared to BushWhack. Now Cheney is denouncing Bush in public, so you can all SHUT UP!
cromagnan 2 years ago
Yep home sales # is bullcrap, same with cash for clunkers, hell all the gov is doing is lying. Obama refuses to release the mid year budget data. Why? Because the numbers are so shocking it would send the stupid criminal stock market back to the lows quick.
But he has to release it, mid August I think. Dollar has collapsed 14% since March. It goes on and on, Id be ready for anything soon.
davids11131113 2 years ago
The Dow 30 stocks psychologically control all the stock markets around the world...its very easy for the insiders to manipulate 30 stocks, especially now, using bailout money..I doubt they'll let the Dow drop.If the Dow is manipulated higher all the
suckers will rush in and buy the rest of the market..notice how well the price of gold is being held under 1000.Big money knows the game is over if the Dow drops..they'd be foolish to let it happen, especially when they have free money to run it up.
FXNorm 2 years ago
How can we be recovering when people are still losing their incomes and afterwards their homes? Please let me know where this "pie in the sky" recovery is at.. maybe I can get a job there!! So sad that people believe this.. they are so preoccupied with "So you think you can dance" or "American Idol".. they'd probably think Nancy Pelosi is a contestant on "The Bachelorette"!!
13chef 2 years ago 2
You wrong about stocks and houses. The best time to buy a house or tocks is when the currency is about to fail. Why? you basically get a house for free. A house is a real good.
pirucreek 2 years ago
I think the bargin hunters are coming into the housing market thinking this is the total bottom and that the recovery has started...its very possible that large numbers of people are starting to buy homes..the numbers will increase as long as the FED keep printing vast amounts of money...so look for a continuation of sales increases.
FXNorm 2 years ago
they are short selling most of these homes thats why.
justme10111 2 years ago 2
I'm trying to wrap my head around this vid:
A. No realtor worth his weight puts a sold sign on a property until all purchaser conditions are removed.
B. Cancellations of 50%? Unless you mean 50% of the buyers make their offer conditional upon selling their existing properties or obtaining financing, they I can see it in this hostile climate.
But that isn't technically a sold property.
Perhaps the media is adding in 'conditional sales' with completed sales statistics.
luckyvet 2 years ago
I hope everybody has a tent and sleeping bags. A little food wouldn't hurt either. Buckle up people, it's gonna get bumpy!!
Lulu4Him 2 years ago
Should you still try to sell your home??? It would depend on where you live. In some place existing home prices never really went down. The appreciation slowed to nearly zero but they didn' tlose value. In other areas home prices went way down. Where do you live?
jc7622 2 years ago
People, sheeple, morons, obama followers and blah, blah, blah, blah, I can't believe I spent so many days and hours listening to this; look at Dow, it's getting stronger, we have bottomed. It's time to really wake up and go back to reality other wise you will be diagnosed as having delusion disorder or, even worst, schizophrenia.
dogle27 2 years ago
If the bottom has been hit then you should have no reservation about getting in the market right now. Put your money where your mouth is. Let me know how it goes...
TenderTrap86 2 years ago
"in economics, there is no such thing as a job-less recovery"
well said.
albiethere 2 years ago
should i still try to sell my home, or will the housing market rebound within a year?
rockstar728 2 years ago
Weird. I made paychex deliveries today. One mall in East Brunswick, NJ was 80% abandoned. At a large office building, car parking lot was 70% empty (from 2 mo ago). It seems that the well-off neighborhoods and cities are less affected and things are starting to catch up to them.
Macy's was empty of customers, so was rest of shopping mall.
CampsSuck 2 years ago
hey im right in bridgewater. there is a lot of new buildings abandoned. nothing like the west coast though. def not the same around here, but not a disaster. yet haha
bnash2002 2 years ago
Fox Bus News one minute ago: Charles Payne says don't expect gold to go up until at least late 2010 & don't invest more than 10% in it UNLESS you have a bomb shelter & AK47s....ha, ha, ha.
just FYI
alycephoto 2 years ago
Meanwhile, foreign countries and sovereign wealth funds, and public and private companies are either repatriating gold or buying hand over fist.
Northwestern Mutual Makes First Gold Buy in 152 Years
Gold just seems to make sense; its a store of value, Chief Executive Officer Edward Zore said in an interview following his comments at a conference hosted by Standard & Poors in Brooklyn. In the Depression, gold did very, very well.
Americans sense of betrayal is rising...
coultrane 2 years ago
Charles Payne said the dow was going to 15,000 in 2008 and the bottom was at 12,000. He also said to buy WAMU a few days before it collapsed. Charles Payne is an idiot.
visionvictory 2 years ago
right on Dan,
I think this market will go up a little bit more right now. but late oct or early nov you and I have argeed that we will see some pretty bad numbers. I think by year's end will will test the 6500 mark again. who knows from there.
vawt1953 2 years ago
Weak U.S. 5-year debt auction raises worries
The U.S. Treasury sold $39 billion in five-year debt on Wednesday in an auction that drew poor demand, raising worries over the cost of financing the government's burgeoning budget deficit.
I read somewhere that over 8 trillion dollars of debt will be offered worldwide this year. You've got to wonder who will buy it all.
coultrane 2 years ago
skyding8962 ok i got what your saying ok ok
yourmomscalling 2 years ago
True lyndonb, people who are willing to accept 50 cents an hour for a job should be shot at and killed. They make everybody else's wages go lower.
ardentsentry 2 years ago
I hope Vision does a new video to explain why what were seeing is NOT a bottom (after seeing the new case shiller price results yesterday) and what he expects next.
skyding8962 2 years ago
Great Video, as usual! I just posted a couple comments on one of Daniel's other channels, 'Christian RedPill' and I'd really like to hear thoughts and comments from anyone who enjoys discussing that subject. Sorry to be off topic, but the video I commented on was a month or two old, so not as many people are currently viewing it (it's the most recent one) Thanks
dmize777 2 years ago
thx for the comments
visionvictory 2 years ago
skyding8962 i think your medication is off you seem a little delusional. You go check the REAL facts there out there. That is what i have to say about that !!
yourmomscalling 2 years ago
Im not delusional. Im a doom and gloomer like you. I'm just admitting that weve hit a bottom "temporarily". I think when interest rates rise to pay for Obama spending the housing prices well drop again. But I don't think we have a whole lot more to drop considering were putting a temporary floor in already.
skyding8962 2 years ago
What I don't understand is you are quick to doom and gloom but now that the housing has RECOVERED officially you don't want to admit it.
It seems like you want your cake and eat it too.
skyding8962 2 years ago
you have to be kidding me. lol.
RealTalkification 2 years ago
Im more pessimistic than Vision in some ways. But you can't argue with the facts in front of us. We have hit a temporary bottom in housing. It may be a doubledip or temporary, but as it stands we are rock bottom for the near term. Prove me wrong.
skyding8962 2 years ago
What do you think will happen when interest rates rise? Whats going to happens when unemployment is at 20%?
How will housing be doing in 2010 when option arms start exploding?
visionvictory 2 years ago
Hi Dan,
let alone the collapse of the commerical real estate. I just saw 2 more small businesses close down in the last 2 weeks.
vawt1953 2 years ago
Rhode Island is looking to FORCIBLY close 1,200 more businesses for not turning over sales tax collected.
That tells you that 1,200 small businesses should have already shut down if they were spending through their escrowed collected sales tax.
That's just one of a NUMBER of reports of failed businesses around the country.
Domino !
jcwitness 2 years ago
dude the option arm reset is going to be just as bad. They started this month. A trillion dollars in loans to people who couldnt afford them and packaged in CDO's. Its a friggin haymaker almost as big as the subprime crash.
RealTalkification 2 years ago 3
Housing officially RECOVERED?? Keep drinking the koolaid..
damnright4 2 years ago 5
No I didn't say recovery. I said "bottom". Well be stagnating around the bottom for a long time.
As I said earlier it may not even be permanent, but right now we have hit a temporary bottom. I think in the long run well decline a little bit more when interest rates start rising and as we get through the fall.
skyding8962 2 years ago
Read the above, you said recovery
visionvictory 2 years ago
Housing CANT recover or bottom until interest rates are normal.
visionvictory 2 years ago
Federal panel issues H1N1 vaccine guidelines
A federal advisory committee issued sweeping guidelines Wednesday for a vaccination campaign against the pandemic swine flu strain, identifying more than half the U.S. population as targets for the first round of vaccinations.
The priority groups include pregnant women; health care and emergency services personnel; children, adolescents and young adults up to age 24; household and caregiver contacts of children younger than six months
coultrane 2 years ago
and healthy adults with certain medical conditions.
The guidelines were approved in a near-unanimous vote by the 15-member Advisory Committee on Immunization Practices. One person dissented on whether to include people ages 19 to 24 among those targeted.
coultrane 2 years ago
I think everyone should google: NLE 09/ National Level Exercises, followed by msnbc, cnn, fox, etc..
Where the FUCK IS OUR MEDIA. Or is EVERYTHING A STATE SECRET NOW!
coultrane 2 years ago
We are all getting a CHANGE to our standard of living.
And it looks like the Fed's 'blog army' has been attacking these comments.
webdork69 2 years ago
Hey Dan, Chill dude! Gosh really; I know what I am rooting for here and that is the "recovery" because the powers that be have gambled sooo very much into it, that failure is almost unthinkable... That is both in USA and UK.
I would rather a recovery based on fantasy in the short term, than catastrophe based on reality. Mind you you are so right! We live in strange times bra.
felixdov 2 years ago
Rooting for the recovery is no better than ad campaigns. Yes we can! is a lie, and they know it. Our leaders have sold us down the river all the while chanting , "You can compete with anyone!" Simultaneously they REWARDED corporations that used slave labor in competing markets. So, you tell me, what has really CHANGED?
coultrane 2 years ago
The fantasy is what keeps people enslaved. I say, Free the slaves and let my people go!
visionvictory 2 years ago
Housing will NOT bottom until we have fair market value interest rates.
visionvictory 2 years ago
I really wish that I felt more opitimistic about the future, I really do, but Gerald Celente has hit the nail on the head. Yes, there will be rallies on the stock market and some economic data would suggest we are on the road to recovery, unfortunately the core fundamentals do not support that.
It's time for people to get real, and it's going to be so hard for some, as we have had a generation of people who have been spoilt, not their fault, however their expectations will have to change.
hotcloud 2 years ago
One of your best videos! ...and that is saying something.
Stealth0031 2 years ago
It's just timing now, the fundementals are dreadful and the average person is not aware of the massive debt problem (public and personal). repayment of the debt is going to significantly lower demand for goods and services.
I watched a programme in the UK titled "Blood, sweat and takeaways", it documented life a an ordinary chinese worker in a tuna factory being paid £2 per day working flat out, could this be the future we face in the Western world, reality is hard.
hotcloud 2 years ago
Had I only listened to the media hype and not followed economics, I would feel optimistic now, there is a feel good factor, stocks are on the rise and we are told that the worst is over.
But I don't just listen to the media hype and I do follow economics very closely and the truth is the game is up. Fractional reserve banking relies on exponential debt and we were maxed out, mind you, the bail outs have given us a breathing space (consider it another credit card), just a matter of timing now.
hotcloud 2 years ago
Vision should have made this video the next day when the Case Shiller Index has shown home prices have GONE UP for the first time in 3 years.
Oh wait he couldn't have made a video on us hitting the housing bottom if he did that! LOL
skyding8962 2 years ago
Housing hasn't gone straight down, its been up, but mostly down overall. Housing prices are still down year to year, don't be fooled by monthly numbers that pop in the summer. Housing can't bottom until interest rates go to fair market value.
visionvictory 2 years ago
Well its bottomed temporarily. Whip out a graph and theres your proof.
It might go back down a little more most likely, but you can't argue the facts in front of you it has hit a bottom AT THE MOMENT.
skyding8962 2 years ago
BREAKING NEWS ON MSNBC:
"Fed survey shows signs that economy has stabilzed"
I cant believe the bullshit propaganda that is taking place on these supposed unbiased news networks.. Shouldn't they be held accountable for lying to the people? I have never seen anything in my life like what is going on in our country - It is being hijacked from within by some real nasty people..... Sad.......
ThunderMan1969 2 years ago
What a relief! Now maybe that things have stabilized I can get back to raises, food prices not going up every week, lower gasoline prices, and my poperty taxes taking a haircut.
And in other news, I saw Jesus in my toas this morning and he told me to invest in US Treasuries. LOL.
Trazom24 2 years ago
Meant to say "toast"
Trazom24 2 years ago
Cool, the same fed survey that said we wouldn't enter a recession:) lol
visionvictory 2 years ago
The list of those officially declaring a bottom or "The recession is over" is growing:
1. Paul Krugman
2. Central bank of Canada
3. Bank Of America
4. Wall Street Journal
That coupled with China's market up 75% since last November and the fact that millions of Chinese are playing the stock market are signs of yet another bubble forming.
Remember, when the all clear is sounded, it is time to batten down the hatches.
Trazom24 2 years ago 2
5-Year Auction Generates Weak Response; Treasurys Fall
Treasurys fell after an auction of 5-year government debt saw another tepid response, with investors getting a yield of 2.689 percent on a swell of $39 billion in supply.
The results come a day after a similarly weak auction of 2-year notes showing a reticence for government debt as a record supply of $115 billion comes on line this week.
No wonder the treasury is not offering 30 year notes!!!
coultrane 2 years ago
From the State of New York:
SHRPC Committee Approves Mandatory Flu Vaccines for Hospital Personnel
The definition of staff who would be covered under the rule includes . . . all persons employed or affiliated with a health care facility, whether paid or unpaid, including but not limited to employees, members of the medical staff, contract staff, students, and volunteers, who either have direct contact with patients or whose activities are such that if they were infected with influenza,
coultrane 2 years ago
THANK YOU!!! See, America still has smart people. Yeah, house sales are seasonal, who wants to move in the winter, carry a queen bed over the icy driveway. Nope, most people like to move in the Summer, but wait! Aren't house values supposed to increase in the Summer!?? Well, they used to anyway.
owningyourfinances 2 years ago
Military planning for possible H1N1 outbreak
The U.S. military wants to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.
The proposal is awaiting final approval from Defense Secretary Robert Gates.
The officials would not be identified because the proposal from U.S. Northern Command's Gen. Victor Renuart has not been approved by the secretary.
coultrane 2 years ago
The plan calls for military task forces to work in conjunction with the Federal Emergency Management Agency. There is no final decision on how the military effort would be manned, but one source said it would likely include personnel from all branches of the military.
It has yet to be determined how many troops would be needed and whether they would come from the active duty or the National Guard and Reserve forces.
I wonder if these FUCKS even READ THE CONSTITUTION!
coultrane 2 years ago
We all knew there was a reason the Army took over NorthComm last October 1st.
Fools posting regurgitated MSM news of roses do not understand the underlying evil of breaking of the LAW of the Posse Comitatus Act.
BTW, anyone see the PBS public service announcements (PSA's) with Grover telling kids to pack bail-out-bags...bottle of water, food, stuffed animal, flashlight...
RIGHT IN OUR FACES.
jcwitness 2 years ago
Treasuries launch 235 BILLION dollars of new debt and gold/silver get hammered. Yep, that is because investors are flocking to US promises and running from hard assets.
The US markets are a huge joke. Personally, I hope they bring silver down to 5 dollars! Buy and HOLD, folks, BUY AND HOLD!
coultrane 2 years ago
Weak auction results, yield on 5-year go up, and yet gold/silver still down at lowest levels for the day.
Of course, ask anyone from MSM and they will tell you it's because oil is down 6% today, so gold has no legs.
It's all BULLSHIT.
Trazom24 2 years ago 3
I bought Gold at $410 and Silver at $7 per ounce, I also bought Google at $188 per share. Now I am buying houses.
Recovery will be in the "News", but for every day people Jobless will only increase from this fall, well into next summer. Job market will be tough the next 12 month, at least. Stock market will hang over 10,000 for quite a while, up and down, up and down, maybe drag for 2 years. Day traders will win. For long term longs or shorts you need a lot of patience.
ronpaulflash 2 years ago
There are no fundamentals to sustain a long term recovery in the markets. No revenues, No dividends. Its day traders not investors.
RealTalkification 2 years ago
So when a news report shows good economic news it has to be a lie? Keep preaching the doom & praying for the big melt down Daniel. If it doesnt come what are you going to with all that tuna & rice?
Bummer.
voglbop 2 years ago
Desperate state may sell Capitol buildings, others
Under GOP plan, government would pay to lease back most of the sites
Call it a sign of desperate times: Legislators are considering selling the House and Senate buildings where they've conducted state business for more than 50 years.
Dozens of other state properties also may be sold as the state government faces its worst financial crisis in a generation, if not ever. The plan isn't to liquidate state assets, though.
coultrane 2 years ago
the dollar
is the
paris hilton
of the currency market...
chena3 2 years ago 3
...damn whore...
lostinthemix 2 years ago
with the FED throwing tons of money at the economy NO ONE can predict what or went everything will crash..we're in uncharted territory..all thinking goes out the window..The FED will print TRILLIONS or go down dying..so NO ONE knows what kind of an effect 10's of TRILLIONS will have.
FXNorm 2 years ago
FXNorm, check out Zimbabwe School of Economics. They may be able to give you some insight into what printing millions of trillions will get you, colored toilet paper with pretty pictures and lots of zeros on it.
Search Youtube "Gold for bread - Zimbabwe" for a little crystal ball into our future.
The FED is nothing but a cesspool at this point, just a place for the banksters and government to dump crap into.
prescottbill 2 years ago
Economy is going to be on life support for a few years tell we get an american in the white house that loves america not third world politics.
egn83b 2 years ago
Yep, the media has been lying left and right. The saddest thing about all of this is all of the changes that are being made to our country right now because of this whole mess.
kingdomtraveler 2 years ago
You are so right. How can the economy be improving when consumer confidence is so low and so many are unemployed. It is all hype. Our economy right now is like coton candy, all puffed up with air, just waiting to be caught in the rain.
lldcadc 2 years ago
At the seminar in Ontario Daniel gave some figures on 401k penalties and how the rate will be steeply increased after next year. Does anyone know where I can find that information? Thanks
clbellue 2 years ago
Back in late 2007/2008 I commented on the governments future attempt to keep things from looking bad. The U.S. would probably appear to move forward. So far they are succeeding. Reality doesn't matter when the stock market is making money. I don't like it but its so. We are in a bad position if a hurricane or earthquake struck and affected a large area. In such a scenario the shit would hit the fan. Also I believe WWIII has been seeded and the U.S. wont be a primary player. Respected but broke.
NoGoldenGoose 2 years ago
i believe ur right.
ducklamb1 2 years ago
This guy is an angry ask your self why?????think about it
undeadnow 2 years ago
Because morons like you arent listening to his warnings. And its really frustrating to see all these lies in the mainstream news. The collapse is happening whether you, I or even vv talk about it.. Wishing it away or discounting it as crazy wont change a thing the data still exists.
Its not easy to be some one predicting bad news because your ridiculed all the way up to the point of it happening. Then when it happens others either forget about your prediction or blame you for causing it.
Libertarianman88 2 years ago
I'm angry that I live in the former Republic of the United States and 90% of my country men don't care.
visionvictory 2 years ago
The economy will never recover our goverment does not want it to ever recover they have us exactly were they want us to be. Poor and unhappy it was so easy to fix our fucking economy its just sick . Simply close the boarders to import export and give to the people pay off the debts and no credit for five years if we pay your debts. It would fix this nation right up and most likey cost less .
dunn98632 2 years ago
God, you're all nothing but whiners.
Do all yourselfs a favor.
1. Get a gun
2. Put a single bullet in it
3. Close the curtains
4. Put on some music
5. Insert gun in mouth
6. Pull the trigger
Even if the economy crashes, Americans will press on and find a new way to live.
You people under estimate others.
jvcrules2000 2 years ago
wow that is so ugly. we will press on but with the constitution in tact. no new way. we don't have Guns for us... we have the to protect us from those who want to do us harm
mysacredhonor 2 years ago
You are an ass. Wait, no, it's just that your head is up your ass.
7eagleyes 2 years ago
For those who live in fantasy obama land, some Americans will find a way to live...by finding you and inserting a gun in your mouth and later taking everything you have.
bandiahbal 2 years ago
Wow...thanks for that post...I totally agree...nothing but a bunch of pussys here. I had nothing growing up, finally got a bike at 10 years old....no tv....hand me down clothes, no car....and dam...we made it, I joined the military, used my GI bill, worked a full time job and went to school at night......most of these people are nothin but a bunch of lazy complaining spoiled brats...
wrinkles1931 2 years ago
You sound a little unhinged. If you like propaganda turn on the tv. They will tell you gum drops and lollipops are falling from the sky as your countrymen become homeless peasants.
coultrane 2 years ago 2
another "run of the mill" meaningless post. Why don't you get your head out of your ass and do somthing else besides complain about your period, damn, I spent 4 years in a cannery in Alaska, 3 years oversears during war, drove a cab, stocked shelfs at night, washed dishes, pumped gas...and made it through college when I was 32 years old. I spent almost 18 months unemployed mowing lawns, roofing when I could, with no government subsistance. I'm sick of whinning pussys like you
wrinkles1931 2 years ago
This post is anything but run of the mill. He is truthfully reporting on our economy and all you can do is lie. Who cares if you were so stupid and incompetent as aman you had to box fish, clean dirty plates, fill cars with gas to get to a place of higher learning. It is obvious you didn't learn much. You can't touch vision and you are one of the reasons this country is in decline. Please kill yourself now so others that want to live can have the space DUMBASS
lyndonb 2 years ago 3
yes, it's vile feces like yourself who have done nothing for this nation but sit behind a computer and talk shit...nothing, but grow up on MTV/X-Box and getting fat. You're just another example of why this country really has the problems it does. You're a crying little twit, with a snotty nose and a dirty diaper...in need of change for quite some time, the stink permiates through this message board....I have by the way, accumulated more through hard honest work, then you will ever.....ever!
wrinkles1931 2 years ago
Man, you should really be PISSED at the GOVT WELFARE GIVEN TO THE SUPER WEALTHY! Or are you intent on heaping vitriol on the working class?
coultrane 2 years ago
My returns are higher than everyone i know in U.S. stocks. I'm not whining, im warning you.
visionvictory 2 years ago
Comment removed
pieater53 2 years ago
Is it time to start flipping houses again? There is no shame in that.
ndell7 2 years ago
I've been helping my uncle get his house sold and he's already had 2 cancellations.
0bodobod0 2 years ago
Lower or abolish minimum wage, allow more immigration.
rockstar728 2 years ago
I get the abolish minimum wage part but why allow more immigration? You mean to tell me there are still jobs out there americans wont do?
Personally I would like more guest worker programs where the works come without their families (families can still visit)
uche007us 2 years ago
Big bull........ I live in Florida and the house crises is very far for end.The banks do not suing the home honers who stop to make payments 8 iv en more months, in a lot of case the Banks iv en stop the foreclosure is call Voluntary Dismissal.This is Al public records why the big media do not check?
andre81946 2 years ago
still waiting for the seminar vids.
man i've been watching your videos since january and i got to say that you're really good at economy and all that shit, i've learned a lot man thank you i just need to ask you, are you latino?
eddgiles 2 years ago
Barry is a crackhead!!!
CampsSuck 2 years ago
barry manilow is alright, mane!
CampsSuck 2 years ago
Who do I call in the Congress?
What should I tell them? To audit the fed or what? Who should I call, my congressman/women, my senator? Please tell me what I should do, I want to get involved?
CampsSuck 2 years ago
You can call your congressman but the majority of the time you either leave a message or talk to the secretary. You can google your state and look at contacts on the state website. I've never been able to get a hold of my congressman directly. Or any government official, in fact. What I've resorted to doing is writing tons of letters, both snail mail and email. I'm not exactly sure how effective it is though.
0bodobod0 2 years ago
I've heard that the hard-copy letter is more effective- it's in their hands. I've also heard that they count every letter for about 13,000 people: meaning if one person wrote the letter, 13,000 must feel that way also, but are not writing it.
whiskerchild 2 years ago
Yeeeeah! The moneygeddon is over! I'm off to buy a couple of houses and a plasma screen!
baggies70 2 years ago
I did not buy a plasma but I bought a 32" HDTV. I had an old Sylvania regular tube TV the whole time. I figure watching all these videos and hearing about inflation coming soon I best go to Best Buy and get me sun of them shelves. Plus I am thinking of getting things which will last long time, like boots, digital camera, some cloths for long haul, plus things which I need, not really want.
CampsSuck 2 years ago
This is sooo true...."In economics, there is no such thing as a jobless recovery"
motogpslider 2 years ago 2
Buying a house right now is just stupidity. No one's job is secure anymore and the US is flat broke. If I ever watch the news, I just laugh. It's all BS about the economy recovering. Great Video as usual.
dixiegirl999 2 years ago 2
And your information is based on.....mmmmm....guesses.?
Okay, gotcha...go back to listening to Schiff.
DillonX 2 years ago
I figure since housing has stabilized (price wise and sale wise) officially according to latest news the economy should start to improve by the end of the year.
skyding8962 2 years ago
good reporting
Ubreako 2 years ago
Right U R!!
Obama's polls plunging. Needs good news fast.
Businesses still laying off.
Consumer confidence DOWN again this month.
Lots of BAD business profit and sales news.
Who's making money? The Banksters. Goldman Sachs sacks America!
No recession end! No recovery start!
pepeledog 2 years ago
News is like media attention for the stars. It does not matter if it is good or bad publicity, as long as they get publicity. Obama does not care if the news is good or bad, just as long as there is news. A distraction is hardly ever good.
BendoverBernanke 2 years ago
This comment has received too many negative votes show
obama will save us. have faith in your president. :)
nycman247 2 years ago
Read the MarketWatch story today titled 'Goldman In The Hotseat' regarding commodity hearings. Then realize that Gary Gensler, CFTC head, is FROM GOLDMAN SACHS!
This Obama appointed fox is guarding the Goldman henhouse. Judge Gensler by what he DOES, not what he SAYS(like Obama).
RAMKING61 2 years ago
It's just a tangled Goldman Sucks mess. Google for "Get Ready For Banking's Next Headache"... and that was on cnnmoney. Looks like the Commericial Real Estate Collapse can't be ignored anymore, quote: "Regional banks can no longer ignore the elephant in the room -- their exposure to the commercial real estate bust."
ChromeClapper 2 years ago 2
i feel like i am living the movie v is for vendetta!!!! the media is so owned by them and we know we are being lied to!
wolf2728 2 years ago
Do me a favor, and call Congress. Have you ever called?
It is important to communicate, because they WORK FOR US. If we don't like the results, then we take over leadership.
It is that easy.
LEAD!
coultrane 2 years ago
I have called so many times, I' sure they are sick of me and I will continue.
dixiegirl999 2 years ago
Great.
I'm all for non violent action. And believe me, there are plenty of actions we can take that break no laws, yet, MAKE BIG POINTS.
coultrane 2 years ago
we are the resistance
visionvictory 2 years ago
Home prices rose month to month for the first time in 3 years. Looks like Vision is wrong. THe fact that sales are increasing and prices have stopped dropping, basically we've hit a housing bottom.
skyding8962 2 years ago
Housing prices are irrelevant. The key factors are unemployment and foreclosures, both of which are still rising.
in4mayshun 2 years ago
Your right that its not the whole story, but once housing stabilizes like it has, then it will make it easier for the rest of the economy to follow.
skyding8962 2 years ago
Housing prices are irrelevant??...than why does VV keep mentioning housing prices and loss of equity...you're a complete moron...just for making that statement
wrinkles1931 2 years ago
Great video.
32937isready 2 years ago
thank you
visionvictory 2 years ago
test
32937isready 2 years ago
Look up: "China's Hidden Debt Problem"
You'll see why the Chinese are rioting.
ChromeClapper 2 years ago
Bernanke thinks we are powerless.
Give your congressman or senator a call today. Shit, if you feel like it call em all. Tell a stranger to call. Let Washington know the villagers are getting restless.
Capitol Switchboard (202)224-3121
END THE FED!
Watch Bernanke THREATEN US!
watch?v=AidBugvVqpw
HOW MANY AMERICANS HAVE DIED FOR A BULLSHIT CAUSE? HOW MANY IRAQIS OR AFGHANIS? HOW MUCH MONEY HAVE WE WASTED!
Tell em HOW YOU REALLY FEEL!
coultrane 2 years ago
YEA, the media is spinning the numbers where I live also.Pity them
Fockersnextdoor 2 years ago
thanks VV!
great stuff, as always.
PestControl02 2 years ago
Consumer confidence takes second straight monthly drop
Consumer confidence took its second consecutive monthly drop in July, the Conference Board reported Tuesday, underscoring still-gloomy sentiment about the U.S. economy.
Try this on for consumer confidence:
Millions wait for delayed jobless checks
Cracks in unemployment system widen under strain of recession
w ww . msnb c . ms n . c om/id/32116694/ns/business-the_new_york_times
coultrane 2 years ago
Dutchess County, NY. My realtor told me the homes that sell are all really low bids against owners that are desparate. All the new construction is sitting there empty or short sales to get the builder out of hock. I see NO new construction here and the rentals have doubled. The Pennysaver that advertises jobs has shrunk to 1/2 thickness. Two of my friends, an engineer and a micro chip factory worker are laid off. Their whole companies were outsourced. The engineers co. is in China now!
YouWinForever 2 years ago
ps. I did as one of the other gentlemen suggested and pulled out my 401k that I rolled into an IRA, paid the penalties and bought over $20K in gold and silver, mostly silver. I am buying more.
My bank gave me a hard time for pulling out my money. I lost so much off my 401k its not even funny. I was six figures had a home and lost it all over night. After finally seeing shipments of Silver arriving, I'm starting to feel financially protected again. It's a feeling that's hard to describe
urfastpaydaily 2 years ago 8
Sorry to dig on you, but you don't sell low, you should have stayed in. Also, how can you lose your house if it's paid for? If it wasn't paid for you didn't own it.
So you know where I'm coming from , I move my 401k to a money market fund in 8/07, paid cash for my house years ago. Zero debt. Bought gold at $397.
Be careful of the shinny metels, they can burn you just as easy as the market. Read, read, read and keep your eyes open. Discount the doomers as you would the perma bulls.
Good Luck.
voglbop 2 years ago
Everyone has their own choice to make. If you feel the economy is good, then run with your faith. Go ahead buy a home, put yourself into greater debt while the dollar loses value on a daily basis of this so called recovery. Smart Move. Hoo Rah!!
Do your own research and check out the us dollar index for facts you can believe in.
I went to Daniels Seminar in Ontario. I think I was the only black guy there. LOL . Loved it and learned allot.
Thanks Daniel
urfastpaydaily 2 years ago 4
COME ON PEOPLE. Open your eyes. We are at the bottom! Have faith in our country! Re invest in America! Home prices are stabalizing! The numbers are in. Get your hands on a short sale!
carnage958 2 years ago
oooohhh. carnage is calling a bottom.
CardsDefense 2 years ago
Yes....we aqre nearer to the bottom than most think...maybe not quite, but we'll get there...and all these "end of america" doom and gloomers will have to get a life again...and a job
wrinkles1931 2 years ago
Why don't you back your talk up with some real data? Simply calling people doom and gloomers is anti intellectual. Impress me with your arguments next time.
coultrane 2 years ago
"wake up" "Sheeple" .....blah blah..dude, impress you...???? (Laugh) what have you ever done that I or anyone else would need to impress YOU????? "anti-intellectual" the most anti-intellectual arguments are based right here in the Youtube world...I keep in tune with how moronic society has become right here.....about 10% of the bloggers here are smart enough to fight thier way out of a paper bag...the rest are followers of whatever they decide to believe in,regardless, if it's true of not....
wrinkles1931 2 years ago
Data? Otherwise, you might as well be typing with your ass.
coultrane 2 years ago
I'm responding to an ass right now
wrinkles1931 2 years ago
Brilliant.
coultrane 2 years ago 2
Wow, you really know a lot about all the people who post here. Maybe you should be a psychologist?
You presume to know everything which means you've still got a lot to learn. I, on the other hand, like coultrane and others admit there is a great deal we don't know and strive to learn and understand. I'll be the first to admit I may be 100% wrong on where things are going, but I don't presume to belittle those who don't agree with me.
Trazom24 2 years ago
pretty stupid post, you presume I said I know everything..never did. and my posts never implicated that in the slightest (your lie) as far as be-littling...start at the top....get your facts straight........Psychologist...yes, I suppose many of the defeated here need a shrink...but I'm an avionics' person.....and that does not mean I fly airplanes..in case you can't figure that much out
wrinkles1931 2 years ago
V V did well here! He is not working by the sweat of thy Brow! Why did he do well here? Because of our spirt here in this country! That spirt is what makes us a great nation. Why are you people trying to destroy it?
carnage958 2 years ago
Thanks for unspinning the spin:)
fal2grace 2 years ago
"Got a dream they come to share." "They commin to America!"
"In the eye of a storm" "In the eye of a storm".....
carnage958 2 years ago
Im in Va, My brother qualified for a 1,000,000 dollar mortgage loan and signed a contract for a home worth $530,000. Suntrust wouldn't give him a 90% loan in a declining market, they offered him an 85% loan even though their household income was above 200,000 a year. That means he has to bring over 85,000 to the table with closing cost. Looks like we're going to the old 20% down unless of course you qualify for the government loans. Buy a trailor and pay cash is my recommendation
Spurgeon123 2 years ago 2
the other BIG problem is the profitability of these new homes that are being sold? Builders are giving these homes away AND offerring huge incentives; eventually that has to catch up to the bottom line.
It's the same story with retailers - they might see an increase of sales, but at much lower profits. They can't sustain those discounts forever.
Of course the other "big" profits are from layoffs and other expenses cut NOT from revenue profit - again will catch up to these guys soon
aw3212 2 years ago
Thanks again, VV.
I don't see any new builds around here, but over the state line, yeah, there's some. Not as much.
Just because an area here and there is doing good, they want to say recovery or recession over.
My doctor said, referring to doctors, there are lumpers, and there are splitters. (some lump symptoms and some split them out one by one)
Splitting, in this case, then compare to the whole, because it takes us all to make it work. Eliminate the mid and poor, there goes the rich.
ChrmdLabradorite 2 years ago
Americans led by the hand to demise of one of the greatest human experiments ever-democracy.All we have is silence,whilst a few scream into the hurricane of deceit that is now MSM.Complicity,complicity your defense agencies are complicit,yet in the Nixon era their was a coup-how much longer before we have an awakening coup?
justjacqueline2004 2 years ago
Propaganda - its disgusting to witness . You have to wonder how long the "spin machine" has been in full cycle.
Back to the beginning of TV or even before.
Stalingrad - WW2 Radio to the German people at xmas, a staged event, they hadn't been in contact for several weeks.
boots920 2 years ago
"bull market" - LOL
oleskoollover 2 years ago 2
i see now why your angry and disgusted. the market has totally gone against you, thus many people who followed you could have made a lot of money if they didn't listen to you. we are in a bull market, deal with it.
jp2059 2 years ago
Thanks Daniel for your take on this latest recovery hype. I was chatting with a builder yesterday and he was repeating the MSM nonsense to me. Rather than argue with him, I brought up the subject of the Homeland Security/FEMA NLE 09. He felt we needed to do lots more joint military drills to combat terrorism! The poor fellow truly doesn't have a clue.
jokertim777 2 years ago
Serious question. Should CNBC have its broadcasting license revoked? You may say well this violates freedom of speech, the 1st amendment. Yes and no. 1st amendment priviledges don't allow me to scream fire in a crowded theater and cause people to get trampled. Likewise I don't think the misleading the public by putting out daily lies and misinformation is covered under the 1st amendment. A network has an obligation to act in the greater good. CNBC is failing to do that. Something to think about.
soulharvest2012 2 years ago
Im LONG
The tred is your friend.
Dont miss the rally, throw your macro view out and follow the tape. The market is in BULL MODE and will go higer.
WOOOOOO HOOOOOOOOOOOOO
mejt223 2 years ago
time to start watching bloomberg
LlyodXmas013 2 years ago
Come on suckers, buy into it! Let's see if it makes any difference. In a few years time, no amount of wishful thinking is going to make the situation look good. I no longer care for talking people out of their stupidity. I just say : "FINE, blow your money away. Let's see what happens".
It's like people have the utopia chip from "syndicate wars".
slipcurve 2 years ago
i think i just heard someone hit the flush lever
evcrawfish 2 years ago
chena3 2 years ago
Two of the worst economies are the two spending the most on "defence" in lands far away! William III had to introduce a Window tax for economic reasons relating to military spending. This was instead of income tax which was opposed as an invasion of privacy. Charles I had issues with parliament because of revenues to pay for military campaigns. Now in the UK we may even have taxes on views and patios in the near future! Oh boy, they keep digging the hole deeper don't they?
davidnightingale 2 years ago
They are such bad liars, it's hilarious.
kancerzx 2 years ago