Economic Reality & the Danger of Indecision

[AnnBearForFreedom]

I'm sorry, but the time to "invest" for the health of the market or the sake of the economy or the good of the country is LOOONG past. The market has tanked, the economy has tanked, and the country is on its way out. Buy guns, buy food, buy seeds and farming tools. And pay cash.

[Isabels100day]

Will you marry me?

[borisbmx]

P/E ratio are important income statement metric in the bull markets, and also the book value of the balance sheet is super critical in a bear market.

[elvisneedpoo]

great videos, straight forward with common sense!

[Kyocus]

Thanks for the video Lorax. They are always informative and easy to listen to :)

[mitubo1915]

good videos thanks.

[dabruin2]

Having watched these videos again, I'm reminded of how enjoyable and succinct and well done they are. Thank you.

[rexdeodium]

Gold is a savings form, not an investment, because it won't grow on its own, as opposed to a profitable company (that is, the intrinsic value of its stock). And I'm sure you can find a lot of undervalued companies out there for long-term investment. How do you even calculate the intrinsic value of gold? It, to, can be over-valuated. There is no "true" currency, everything must be valuated. I mainly own stock, because it's the only thing I am able to valuate.

[jimbobubbadj]

The whole point is that the opportunity to make money from stocks is diminishing. The growth paradigm is doomed as the world is finite. This also goes for making money from interest. Dude, you should buy gold because usury is going the way of the dinosaurs. Gold preserves your wealth, it is not meant to allow you to kick back and collect interest. It preserves the wealth that you worked hard to produce. This is going to be the new way of the world. Cheers.

[doubleOsamurai]

you put it in lamens' terms, thanks!

[MrZ421]

One really good statement about one point in your video I recently heard from David Morgan, who said:

"Knowledge is not equal to power, but knowledge and ACTION is power!"

I really like this statment.

Think of PM's beeing "time" stored. As money equals time, it is always good to have something which needs time/effort to be produced. Paper or some (huge) numbers on some paper doesn't need much time/effort to be created.

Fine video - thanks!

[screenflicker1]

did anybody hear the question and answer session of Bernanke yesterday? (oct 1)? He said that question of dollar being replaced by other currencies is a long term issue. He didn't deny it though just said long term issue

[chroNick546]

I really like your vids. Even though you might think certain things being said are redundant, it gives me at least, a reality check. I especially liked the one video titled "how to become rich immediately". Your philisophy and perspectives are much appreciated. Please keep going.

[jakigi]

Please stop playing these criminal's games.

Do we need currency? Let's think outside the box.

[bunsh1ch1]

Turn up your mic when you make your vids, please.

[aurajenn]

glad you are back your voice is needed

yea good stats are essential like insider buying and selling

[loai050]

Do you think Gold ETF'S are safe over the next few years ? Thanks for the stats.

[luserjoe]

Glad you're back!

[iteslabot]

Please make more!! btw thanks for the info about not investing on gold mining, great advice!!

[Simpateeko]

Have a great vacation Lorax, see you when I see you:)

[PeaceIsRad]

Hello Lorax, are you vacationing for a year outside of the US because you know something we don't? lol

I might run into you in India or Thailand (O:

Thanks for the video!

Peace

[MrWinston1984]

Missed your videos. Glad you're back. And don't feel like you have nothing to say. You have so much more to say than just economic videos, although your economic videos are are always informative and enlightening.

[VivaMydick]

truth is that markets are rigged , they are fixed dollar is next

[iteslabot]

how is the market rigged? is there a book/documentary i oughta read, i don't know how

[LJPpro]

Concerning precious metals, are they just supposed to be a safe investment to get through tough economic times?

What would I do with gold,etc. during the tough times...I can't imagine selling it to get worthless dollars for example. Also, could it help day to day to get things that are less expensive but still important like food,etc?

[jonez222]

Thanks for the video. Precious metals are subject to a lot of manipulation also. It's hard to get away from price manipulation.

[vichai2500]

welcome back""""

Thanks

[j1crx]

thanks ,, you answered a few questions of mine i was looking for a video on pe ratio

[javagator001]

Please explain operated vice reported earning. You mention this at the very beginning of the video. Thanks. Also, are there numerous, independent sources showing that China is buying up it's own domestic gold & silver. This info is running thru TV & youtube, but I don't know if the source of this is singular or plural. Just wanted to know if what you said about China was from more than one source. Thanks again.

[bms7715]

nice to hear from you again.

[nsprphg]

Lorax

Thanks for the video please make more. Maybe on Inflation vs Deflation I am still a little confused both sides have such valid points. What do you think ?

[coastalcpm]

thanks for your advice, missed your vids

[mooseythejuiceman]

Missed your posts, Loren. Hope you're well!

[Phyle9]

It's all so fake.

Why follow that soap opera?

It went down and down and down and down for months and then they make a big news item: "WOOHOOO the stock exchange went up by 5% !!!!!" wow...

hmmm...

That is after it went down 10% for 300 times, u know...

Investments? Hmmm... staying alive is already a goal for me :) Savings? Hmmm.... I don't have any, I feel free btw :)

[Elemith]

Great video, I have gold and cash. Stocks aren't for me.

[jmeiskues]

thanks for the info

[revisedtara]

No one has ever taught me what a stock is or how it works. It's embarrassing how my public education has kept these huge things completely under wraps. I've tried to read about it on my own but it confuses me. I wish I had someone like you around to push information into my brain, you explain things so thoroughly and always learn something from these. Thank you.

[blabblab1212]

Glad your back! Excellent video as always!

[askmum]

Lorax.. Please post more...., you have a great mind, please share it with us :)

[doorman360]

your back! yay!

[drutter]

Please don't assume that we're getting all this info and discussion elsewhere. Your videos are useful and important.

[GungnirStrike]

Seriously we all don't have the background you do. Make a thousand videos on the same subject if you want they will still be interesting and watched!

[whiskerchild]

Indeed, nice to see you back. Your explanations are clear as a bell, so I'd like to see more. Don't worry about them being "obvious"- I still have gaps in my knowledge about this vast subject.

[69elpresidente]

awesome video am a college student and man u should be lecturing one of my classes

[isforbliss]

Buy land, water supply, grow your food. THAT is stable. get a greenhouse instead of gold. you can pay a farmer to farm for you instead of saving your chips

[lcbaudar]

Seriously....pay off your cars, create your own savings float to use as a credit card. For lack of a better word, Fuck the system & FICO & interest tiers & Document fees & overdraft & over the limit & default rates & balance transfers & 2 year leases & 4-1 Arms & Don't pay until 2050 offers. It's time people saved and consumers told the market what things were really worth based on labor value NOT credit doled out by greedy banks made out of thin air.

[vention4wh]

Awesome video as usual. I always look forward to seeing what you come up with. This video was music to my ears. While my brain has been poisoned by fluoride and toxic chemicals to the point where I can really fill a difference in my brain power, I still had enough left to get out of the market in early 2008 and switch to metals. I'm preparing in other ways as well.

How do you feel about food storage and all the other things that people in the preparedness movement do?

[konshoff]

I believe, based on what I've read recently that Euro is backed by gold at 15%. Since the massive stimulus lately about 400 billion it might have changed a bit. But like it was mentioned euro zone is exporter and yet there is no other currency that is backed buy any precious metal at all. That's why China is hoarding gold and silver coz Yuan is backed by US dollar, which has been losing value significantly. Anyway Lorax thanks for your time posting video

[MajeauX]

Yay! You're back!

[chrisbeer]

now that is what I call a grade a video presentation. 5/5

[psbyowner]

unbelievable. and these companies lie their ASSES off when they report earnings... especially the banks.

[dwixi]

Keep em coming often!

[stuntpea]

I prefer silver bars and coins.  Gold coins have become too expensive for me.

I wouldn't mind the odd ounce of Palladium though, after seeing a price spike in 2000.

I've got about £500 worth of Grade 5 titanium bar in the cellar. Used it for my lathe. Bit of a weird investment but I bet I could sell it on for a profit in the future.

You just need 3 metres of space to store the stuff. : )

[psbyowner]

palladium is the most bullish metal.

5 x + more rarer than gold, extensive use in industry as a substitute for pt, huge premiums and small market float; so any real demand will drive price up fast; only 2 sources on the planet mainly; south africa and russia; russia could manipulate prices upwards as they are expected to play a greater role in the future economic scope.

[useyourdelusion]

Thanks for the good advice.

[LenovoFightsPoverty]

U can't decide if stocks are cheap by using one ratio as p/e.

I shouldn't buy gold or silver, but just Chinese stocks, China is the future not gold.

[psbyowner]

china bullishness is a bit deceptive. they have a major high rise residential and commercial real estate bubble; they have gov't owned entities that speculate and get in first on new construction projects; therefore, the market is propped. The owners do not have a normal "for profit" motivation, so there is far less price suppression than would occur in a real market. 95% investor owned units means low owner occupancy; means rent and price declines in a real, 'for profit' market.

[psbyowner]

china also has a major employment bubble. wages arent going up, the financial industry/monetary expansion has collapsed on a global scale; which means a glut of graduates looking for work. no wage increases means no emerging middle class. the middle class in china is purely entrepreneurial; therefore heavily influenced by the very global economy that is effecting the US. china cannot have monetary and credit expansion like the US had; their gov't wont allow it after the lessons of the US banks.

[jembocc1347]

Thank you for this

[pieater53]

great video Loren. All your videos are good.

five stars*****

[dudeulartv]

exactly. people are trying to get me to invest in stuff, and i just won't. by the time i see a profit, i'll probably be dead--

so, it probably won't do me any good....

[5gorgeous]

great vid as always, but could you fix the audio, I always have to increase the volume to the maximum to be able to hear anything?

does anyone else thinks the sound could be better?

[wildpett]

Great vid. Take it you buy silver ? And invest in an asset which is not subject to manipulation on wall street ? Silver is still being shorted into the ground, of course there will be a day when that is no longer so.

[jozco]

Sound is too looow :-(

[leninstreet]

Great video. One minor detail. You speak of the Dollar and Euro as being just as bad. This I think is missleading as the Eurozone is the largest exporter in the world and the largest importer. Add to this the Eurozone has is running a trade surplus with the rest of the world. Sure, debt levels are bad and some countries have big problems but on the whole not comparable with the dollar.

[sizzlot]

Is the Euro backed by a hard asset like gold, or is it backed by the 'full faith and credit' of the European Union?

[psbyowner]

no; the worlds currencies are backed by nothing.

IMHO the euro and the yuan are more inflated than the dollar. actually, the dollar can buy comparatively much more than either of those currencies.

[leninstreet]

How did you arrive to this conclusion? The only reason the dollar is even alive is the fact that it is the reserve currency of the world. Any other currency that belongs to a nation that borrows half of it's budget would have collapsed a long time ago. The dollar is extremly overvalued and printed in massive amounts. This will end the day the creditors decide they have more too loose by supporting the dollar then by saving the reserves.

[psbyowner]

perhaps we will see inflation in the global markets, but not in the micro economy; coffee wont go to $50 a cup; used cars wont go to $100,000. people wont be using dollars to keep warm in furnaces; because wage increases will be resisted by the masters of our country; the corporations. food and rent will be cheap. how can prices go up if theres no domestic pressure for goods, w/o credit expansion and consumer demand? as i said, china middle class cannot grow on credit expansionism.

[leninstreet]

The European Cental Banks in the eurozone and outside own alot of gold. The eurozone itself owns more then the US. This should make no difference though as you would not have a run on a currency that belongs to a net exporter.

[halfasheep]

ya, welcome back. As usual, you are right on the pulse. ***** Five stars.

[emmazedbend]

Nice to see you back again; I have found all your videos and what you say extremely helpful and interesting and I can copy them off to friends (because I my self am not a great communicator and so many people just don't know the 'shtuck' we're in) We need good communicators like yourself to keep plugging away at it!

[FatBastardPi]

love your vids

[BackBurnerNews]

Please make more vids even if you think everything is obvious. It's not always obvious to everyone.

[Curb1983]

Welcome back Lorax!!! Great vid. Clear, and concise as always. Saying better in less than 5 mins what other youtubers stumble around on for treble that. Please post more often. 5*

[CelticReject]

Great to see you back. Please don't leave it so long next time!

[JAmeZkun]

welcome back =]

[scutter4christ]

thanks for the info. It's always appreciated and I know it helps a lot of people. Have a good vacation. Just don't stay away from us tubers for too long!

[jfcrow1]

Dido.  Also glad to see you back.