@silvercelli Go and ask for more free money from Federal Reserves then. The only thing they ask for return is your silence when they make YOU their cannon fodder or riot shield. SHEEP.
I like how in order to be a direct FHA lender, you need to pay your loan officers by W-2 instead of 1099. Since the loan officers' compensation is largely commission based, they get a large lump sum payment at the end of the month. These large payments put them in the highest tax bracket and they lose upwards of 45% of their paychecks to taxes and withholdings, depending on which state you are in. Also FHA fees are excessive and have to be paid in cash upfront, and cannot be rolled into the loan
People say the bankers are corrupt for giving out bonuses. I don't think so at all. I think we should have never given it to them in the first bloody place. I never could understand why on earth we'd expect them to look out for us? They're not regulated to do so...of course bloody not!
Continue... AVIs DoD contract to use the RNAi tech against H1N1 just came back very positive and will be getting additional funding as part of DoD rapid response program.
China imports our inflation and inflates their currency at the same rate we do. If the US defaults on their debt to China, do you trust the Chinese gov to not confiscate your holdings?
It is an excellent question, poorly formulated but excellent.
The US has wronged many people, countries while ascending to their supremacy. This includes China with some pretty disguting behaviours in the basket like the way the US normalized the Japanese torture work on Chinese.
Now the situation is clear: China is entitled to a fair and just return of good manners. That is why there cant be a shift of power to the East.
You cant trust your daughter to another father when you raped her
Anyone else see how Peter Schiff was wrong about the current Chinese consumer credit issue? Schiff continues to confuse the peg rate with the rate at which China's private commercial small banks make loans to the Chinese people like how Bank of America makes loans to US citizens.
Peter Schiff is wrong about the current credit contraction in China being bad for the US$ but will not admit it, check out my replys to the latest CNBC interview he did here
Wow. You gotta be joking, I don't even know what to say here. There's so much wrong with what you just said that it's mind boggling. Not only did you not address the issue at all, you're saying that unless you run an investment business or manage a billion dollars, you are an idiot. You're saying that the only smart people in the world are people that run an investment business or manage a billion dollars. Your sarcasm is either going over my head or you're the dumbest man on earth.
That's a stupid question because no one is right 100% of the time. You have to read the issue and use common sense and see who's right about that specific issue, not just blindly say that this guy is always right without even hearing what he said. Did you even watch the CNBC Schiff interview? I'm not asking you to just blindly trust me without watching the interview or reading my replies. When you watch the interview and read my replies you're not trusting anyone but your own common sense.
I do not trust Israel at all, as history revolving around the likes of the Lavon Affair, USS Liberty, and Jonathan Pollard espionage case shows they we shouldn't.
The Israel Lobby has a very strong influence over the US congress and the ADL squashes any criticism of Israel by crying "anti-semitism."
Israel has what can be considered a government within the government in the United States.
Love the videos, Daniel... The future may well be in Asia, but yet, I don't invest with communist regimes, and China is most certainly in some kind of state-sponsored bubble. Please use caution, brother...
state sponsored? The Chinese private banks are the ones making the loans to the Chinese citizens. Just like US private banks did/do to US citizens. And it was Chinese private banks that recently decreased loans to Chinese citizens but not to the same magnitude US private banks did to US citizens. I don't know why people say China is communist when they are doing the same thing we and every nation has always been doing. They're either contracting consumer credit or expanding it like us.
I can´t remember his name but the guy who predicted the Enron scandal and made profit from it. Is also predicting China is about to burst like U.S did due to unregulated credit loans.
I wonder if anyone knows what happened to Japs or Germans that owned US securities before WWII were they able to take gains or dividends. Or were they forfeighted? I have to wonder whether the Commy party would freeze your assets in a collapse scenario?
property no, but we still have plenty good stuff underground if you know what your doing. We have the biggest gold mines, and uranium deposits in world. Maybe he could buy shares in oolaroo, just dont walk on it. It upsets the natives.
I think Daniel invests in China because last quarter their economy grew by something like 10.7 percent. Its not betting against "your own country," it's betting against all the morons who live here, like you.
Danial, the reason you invest in China is because you have a love of money problem. I hope when all this is over, the market will find a way to punish those of you who bet against your own country.
No, and No, Would you have invested in Nazi Germany, Would you have invested in the USSR. if the return of investment was as large as they are today. Would you have a problem with Rockefeller selling oil to both sides during WW11. He would have said: I am making money.
You bet against a country that has been so good to you, that is shameful.
China is not reforming, the wealth is not making consumers out of the citizenry. The wealth is spent on infrastructure and the military.
I'm glad you said you're not going to be selling visionvictor t-shirts! My YouTube rule is to unsub from any channel that starts selling crap with their channel "brand name" on it. It seems every channel that gets too big and popular goes to crap. The info stops, the t-shirts start.
Thanks, Daniel, for the announcement regarding applications for emergency unemployment benefits; I hadn't picked this up anywhere else, and knowing this is a help in properly assessing where employment actually stands.
Precious metals are going to get hammered in a depression. The debt ratio was much higher in 1929 compared to now. Numerically the numbers are much greater. Cash is going to get very strong, the dollar. Banks will not lend money to the people, so money supply will continue to shrink and shrink. The sum of all the debts in the U.S. is $100 trillion, yet the money supply is about $12-$15 trillion. The debt is compounding remember.
Daniel, on there has nowhere on earth been a pure Smith/Friedman - type economy and there has never been a pure Keynesian economy. Usually the governments go more Friedman during boom times and more Keynes during crises, which is completely incompatible from s theoretical point of view.
It is utterly incorrect to blame Keynes for fiat money and inflation: Keynes preaches to save money in good times!
The politicians who failed to do that are puppets of the corporates.
Daniel you contradict yourself in this video. In the beginning of the video you say that the bailouts and stimulus and low interest rates are not working to stimulate the economy and then later you say the Fed with it's Target Fed Funds rates sets and controls the prices of credit and homes. When will people connect the two and see that the Fed Funds rate doesn't control what the banks do? Monetary base is many times what it was during the credit peak and we still have a credit crunch.
Isn't it common sense to see that the banks will do what they can to cause asset prices to drop being that the instant they sold those assets to the Fed, they effectively put themselves in a short sell position, meaning if the prices of those assets rise more than they sold it for, when they buy the assets back from the Fed, they will end up paying more for the assets than they sold it for, thus causing a short squeeze & defeating the purpose of selling the assets to the Fed in the 1st place.
Sorry, but I wanted to ask you a quick question on gold:
I just bought a 1980 gold Krugerrand and, according to the book, it's supposed to weigh 33.93 grams. When the dealer weighed it on the scale in his store, it weighed 34.0 grams.
He then weighed a nickel to check his scale and said his scale was right.
EvilUSAandthe911Lie: in case a 2nd opinion is helpful, I'm echoing ShillBasher's comment. One gram is less than 4% of an ounce, and the variation you've referenced is only 0.07% of a gram - or a little less than three one-thousandths of an ounce. I wouldn't be concerned; dust, or a little oil from the fingertips of someone having held this coin, could account for the difference.
Gold and silver are more important to Americans than given money for the Chinese government to manipulate. If you do invest in stocks, #1 is commodities and #2 would be foreign countries that are growing and needs of those people in immerging markets.
I would be very careful about China. They have credit excesses and their GDP is rigged. They have a whole city they just build that no one has moved into (built for 1 million residents). You can't trust China bro, I am kinda surprised that you and Schiff are so big on them
I can't agree with your Dubai analogy. China's foundations are not built on sand. They have spent decades selling to the Westernised world. With the income from those sales they have invested wisely into commodoties and are now building a stronger infrastructure. They are setting themselves up as the number 1 super power and only an all out neuclear war could prevent it from occuring. If that happens we are all dead anyway so if I were you I'd hope for the former.
Sounds like you should relocate to Singapore like Jim Rogers, then one of these days when the Chinese show their true colors he and yourself along with your families will be lined up and shot.
By supporting the Chinese currency you also support the communist agenda. Our market may not be free but by God we have our second amendment and that's more than you can say for those red bastards.
The Heritage Foundation just released a study of all the economically free countries and the order. US ended up 8th after canada and 9th was Denmark. ----Denmark! If we are only one step above Denmark we are screwed!
eyy man.... denmark is a cool place to live in.. they have got "Christiania" a "free town" within the city with it owns law, where u can still by weed on the street. Danish people who created that place on the 70´s are still ahead of you!
Free market can ever exist in todays world as governments are owned by corporations and corporations will do anything to maximize profits. Think better to cap maximum personal wage to 10x median wage. That will remove the incentive for the elite to screw us slaves for every last cent we have.
The Chinese are cooking their books something fierce. You hit the bulls eye with your case for gold and silver... why risk losing money overseas when you have a safe investment right here?
See my video response for more detail. Great channel BTW.
yes ,US reserve curr is backed through cohersion....nothing new.
There has NEVER been a "free" market.
YOU will be caught out with your "market" investments-....just go research SDR ratio vs debt to GDP ratios..and Bretton woods II......the reset is coming.
ALL paper is toast.....because of this ,just wait till the shorts turn on chinese USD's-commods (essential) will skyrocket.
Just remember that Australia has had prosperity because of policies of our previous government (in the areas of economy and business) until late 2007 where they were outed and replaced with left wing and totally incompetent morons, who complement Obama perfectly. Since then, all our national surplus saved over the past 10y, & borrowing leading to a record deficit was blown in the past year on "stimulus" packages, & from Jan 2010(first homebuyer grant end) these "props" 2 the economy r gone.
China is definitely what the US was forty years ago. It has growth potential, and contrary to what the US media purports about average individual earnings in China, most Chinese have huge amounts of savings because income tax declaration works differently in the east. There is a growing domestic market that is fuelled by personal savings rather than debt. Most Chinese stocks are undervalued compared to US stocks.
I agree with you about the idea that America is a free market economy is based on conventional wisdom. I'll go further by saying America being a free market economy is based on false pretense. It's actually a mixed market economy with more of a marxism/socialism twist to it.
Thats fine..You gamble in Asia..Some people gamble in the US..I think all markets are in for a volitile ride in 2010..I hope you have a strong stomach..
Asia has bigger bubbles than America ever did in certain parts. I know things are tough in the US but let me tell you- In Sydney Australia it is now close to $1mil for an average house within 15km of the CBD. Tell me that's not a bubble
If you have cash I would be buying US property in popular US cities, a lot cheaper than major asia cities let me give you the Tip.
Eventually you will get burnt on Gold and Silver like any other over priced asset or stock, it's all timing.
I don't expect gold and silver to go to the moon in terms of US dollars unless there is a combination of the US consumption increasing while the world decides to refuse to meet the rising consumer demands of the US and shun and discontinues exports to US while at the same time China drops the peg and increases domestic bank lending while other nations also increase bank lending and I gotta tell you I see a slim chance of that happening but I keep some silver just in case it does.
Numonic7: So you honestly believe that the fact that the US has to borrow or print 3 billion a day just to cover the interest on the 11 trillion we have foolishly allowed ourselves to owe through careless indulgences has no effect on the value of the fiat dollar and it's actually someone else's fault? You've got to be joking.
You're not listening to me. Get your facts straight. Read my replies, I mentioned nothing about paying the interest on 11 trillion dollars. printing money is only for the purpose of letting you get physical money from the ATM or bank teller. reread what I've been writing.
Maybe it's just me but i think the details of exactly what goes on when the govt. bails out a bank needs to be discussed and examined because I think there is confusion. For one we have to discuss the details of the 2 different kinds of money, the physical money which are the Federal Reserve Notes and the electronic money which is credit and debit. And we have to discuss what kind of money is used in bailouts and how a nation with decreasing credit even with massively rising m0 has deflation.
JPMorgan has been shorting gold and silver with naked shorts. As more physical silver and gold keeps getting bought up, this will leave less for JPMorgan to actually be able to deliver to customers that actually insist on physical delivery. Once the word of JPMorgan not actually having the real thing, physical, JPMorgan will not be able to manipulate the priece of gold and silver anymore. Its a racket they claim to have the physical gold and silver and are able to short against the real thing.
I love it when people rant. You spill your soul out. It shows passion and I like that. It's why I listen to you and all the other "nuts" out there. It lets me know I'm not alone and I'm not "nuts" when I rant to my friends and family.
Keep it up man. Us "nuts" have to keep ranting.
Whats the old saying? I'm not crazy! Everyone else is crazy!!!
Telling people the truth is not ranting. Having dull ears and and a thick skull makes it sound like ranting. The problem is, people come by these thick skulls naturally. Do you know the majority of the upper level elite passengers of Titanic told the crewmen who were trying to load the lifeboats to quit ranting,
Had these "emerging markets" not been expanding credit while the nations in recession like the US were massively decreasing credit, there would be massive civil unrest due to the massive unemployment the great credit contraction would cause and on top of that commodity prices would have dropped massively, but the reason why China and emerging markets did not follow the US and others in to decreasing credit is to prevent the massive civil unrest that would come as a result of doing so.
thanks for the update. I haven't been able to watch too many of your vids the last couple of weeks because I have been so busy. Not that I think USA markets are a good place for investment, I am also weary of the Asian markets. With all the globalization and the US intertwined in everything, its downfall will have aftershocks all over Asia. It is hard for me to see the Asian markets not crashing along w/ the US markets in the (near?) future.
Asia has 2.1 billion people who are starting to improve their lifestyles. I would think they will want their own cell phones, VCRs and big screen TVs. I saw a documentary a few months ago about this and they were focusing on a Chinese couple that had been saving there hard earned money for several years and were about to buy a used car for themselves. Very humble couple and appreciative of their new opportunities.
Have you seen the real estate bubble that is happening in china right now? I know a guy in hong kong who a few years ago his place was worth 150k. Today its worth 750k. If you think investments in any country are going to turn out good, its not. Every country in the world is on fiat money. History has shown that fiat money always goes to zero. Put your investments in silver/gold, or rental properties(preferably farmland rentals) thats the only safe bet.
Despite the vast number of people in China, their economy is only the size of California. Their economic future is overrated. They are not a capitalistic society...they are communist. China actually had a sell signal 3 weeks ago.
I agree, but I dont trust anything that isnt physical right now. A piece of paper may say we own gold or silver, but until it is in my possession, its nothing, just like the dollar or a stock certificate or an account that says I have 100K in it.
BTW - I know you own physical silver/gold, so it isnt aimed at you. I just think we're close to a every man for himself-every country for itself scenario REAL SOON.
Well some positive for the economy, the FDIC is loosing less and less money with these bank failures, at the current rate of bank failures, we should see an end to bank failures really soon, probably within the next month. For those that think asset prices have to do with bank failures, we just had the worst week in stocks since Feb 09 and we just had the least amount of money drawn down from bank failures since the crisis began from the 2 banks that failed today, so they are not connected.
Correction, i spoke too soon. More banks were added to the bank failure list and the FDIC lost more money but it's still not as much as it used to be last year. But it's possible more will be added to the list this week end. But I doubt it.
@twistedwest1 the regular way. just look for chinese companies to stock into. also look for companies anywhere that sell resources to china. aussie primaries for instance are bulletproof
Hey VV, where do you see inflation dumb dumb. How do you borrow money when you can create as much as you want. The chinese currency is pegged to the US dollar so almost all you say is ignorant and irrelevant! For someone who spends alot of time on this you're pretty lost.
You have a point which I've been making also, although you are being a bit obnoxious. 2 important things to China are 1. maintaining cheap exports to US and 2. maintaining enough domestic employment to pacify civil unrest. These two things are not mutually exclusive. The proof that China is only consuming to replace lost consumption is the fact that China chose to appreciate their currency by decreasing bank lending instead of dropping the US$ peg. Why would China stop accepting US $'s?
Currencies appreciate and depreciate through contracting and expanding credit. Please stop falling for the lie the govt. tells you. The truth and common sense is that the monetary base has no barring on the expansion/contraction of bank credit. It's amazing how after the massive increase in m0 while US credit continues to contract some people still hold on to the false idea that an increased monetary base will automatically without control lead to increased bank lending.
The truth is the reason the US dollar has been loosing so much value is because of what the Yuan was/is doing. The Yuan is pegged to the US$ and credit is being expanded in China massively and China's credit expansion effects the US$ because the US$ is pegged to the Yuan, so as the Yuan looses value, so does the US$ and as the Yuan increases in value so does the US$. Currently the loss of value is not because of the US but on the part of China who is expanding credit while US is contracting.
So US being punished for something they are not causing doesn't make sense. Know that if it weren't for China expanding credit, the value of the US$ would be much higher than it is right now, prices on everything would be much lower. I'm not saying what China is doing is wrong, I'm just stating the facts.
Many inflationists are spreading the lie that the monetary base influences bank lending. It's a lie, banks don't need any reserves to make loans because loans are done electronically, not with physical cash. Physical cash is only needed for cash withdrawals. There are two types of lending banks do. 1 is lending to citizens and the other is to banks. Lending to citizens is totally electronic but when banks lend to each other it is half physical cash half electronic money.
Great vid, challenging the common perceptions and beliefs. Crippled critical thinking is a hazard you doing a wonderful job of pointing out. For such a well versed and studied critical thinker, I am perplexed by your by your belief in Bronze Age mythology. In my experience the 2 have been mutually exclusive.
Who on Earth is making the argument that higher Chinese currency value would result in BAD results for the Chinese economy? God I can't stand monetarist stupidity.
I'm not sure if you've heard, but a little bird told me some people were trying to bring back the old ways of producing our own goods. You know, back when we huddled in our own little world, not giving a damn about the rest of the planet? How we used to be one of the largest exporters and actually..DIDN'T live in these times? Perhaps what we need is to go back to neutrality, god forbid even *gasp* ISOLATIONISM! We were actually better off then than now to be honest.
You guys want evidence of the saying "govt. governs best when it governs least"? Which by the way is the same as saying "A single man works best when that man has less work to do". The evidence is in our monetary system. The govt. is the sole controller of the physical currency and the millions of banks around the world control the electronic money. The failure is exposed with bank cash withdrawal limits, the govt. can't create enough physical cash. Electronic money dwarfs physical money.
Dan, would like to see you reconcile Christianity and Capitalism. Seems like the two are directly opposed to eachother. Unfettered capitalism with it's the exploitation of the poor, racism, the destruction of the environment, frequent depressions, graft, and lack of rational decision making has all lead to the creation of Western Liberalism. The good old days never existed. What we need to do now is reinvent the world's economic system from scratch. Any ideas?
Daniel, This was a great video and very informative. I've watch all your video but I haven't checked out the blog yet. I look forward to reading your article. Talk to you soon. Joe
Federal Reserve Notes, nor the material used to make and run computers are man made. Gold isn't found in the form of 1 ounce coins, man had to shape/mint gold in to one ounce coins, just like man has to shape and mint cotton and linen in to Federal Reserve Notes. I disagree with the no inflation idea. Inflation is a tool people use to thwart demand for things they own that they do not want to be depleted, so they raise the price.
On the Hang Seng, I invested in these stocks last Nov. thru Mar.
0297
0682
3993
0696
1068
Now, it looks like the Hang Seng is starting to tank, and I can't figure out why. China isn't a bubble by any means. The property market is high priced because the currency isn't freely convertable and people stick their money in property instead of taking profits out of the country and none of the stocks I invested in are property related. Do you have any comments on the Hang Sengs recent slide?
@visionvictory One question, will China and the BRICS countries' peoples in general will took the hit if U.S. Dollars does collapse and lose it.s world reserve currency status?
@silvercelli Go and ask for more free money from Federal Reserves then. The only thing they ask for return is your silence when they make YOU their cannon fodder or riot shield. SHEEP.
ltmikepowell 4 months ago
"foreign exports"? is that even a real term? as opposed to local exports?
WisdomVendor 1 year ago
Keep your eyeballs peeled on Yemen between now and the next two weeks!
Likey a big war/scirmish is going to occur.. REALLY BIG!
Ezekiel3839Psalms83 2 years ago
I like how in order to be a direct FHA lender, you need to pay your loan officers by W-2 instead of 1099. Since the loan officers' compensation is largely commission based, they get a large lump sum payment at the end of the month. These large payments put them in the highest tax bracket and they lose upwards of 45% of their paychecks to taxes and withholdings, depending on which state you are in. Also FHA fees are excessive and have to be paid in cash upfront, and cannot be rolled into the loan
stemmadegli 2 years ago
People say the bankers are corrupt for giving out bonuses. I don't think so at all. I think we should have never given it to them in the first bloody place. I never could understand why on earth we'd expect them to look out for us? They're not regulated to do so...of course bloody not!
judutchinski 2 years ago 2
Continue... AVIs DoD contract to use the RNAi tech against H1N1 just came back very positive and will be getting additional funding as part of DoD rapid response program.
brotherjupiter 2 years ago
Dan , if you guys invest in small cap biopharma there's a US Duchene muscular distrophy trial schedualed to start
in March by AVI biopharma using their second generation RNAi Therapeutic.
UK safety trials are half over using their original PMO
RNAi tech and their increasing dosage as they near the end of trial with improving results and no toxicity issues.
Anyway they bought out RNAi pioneer Ryszard Koles(wiki bio) intellectual prop and he now works with them in Seattle.
brotherjupiter 2 years ago
China imports our inflation and inflates their currency at the same rate we do. If the US defaults on their debt to China, do you trust the Chinese gov to not confiscate your holdings?
christo930 2 years ago
It is an excellent question, poorly formulated but excellent.
The US has wronged many people, countries while ascending to their supremacy. This includes China with some pretty disguting behaviours in the basket like the way the US normalized the Japanese torture work on Chinese.
Now the situation is clear: China is entitled to a fair and just return of good manners. That is why there cant be a shift of power to the East.
You cant trust your daughter to another father when you raped her
TheCZMan 2 years ago
daughter the day before.
TheCZMan 2 years ago
Hey,can we donate to your "cure ignorance"fund?Can I claim this on my taxes?
mcap52 2 years ago
Anyone else see how Peter Schiff was wrong about the current Chinese consumer credit issue? Schiff continues to confuse the peg rate with the rate at which China's private commercial small banks make loans to the Chinese people like how Bank of America makes loans to US citizens.
Peter Schiff is wrong about the current credit contraction in China being bad for the US$ but will not admit it, check out my replys to the latest CNBC interview he did here
watch?v=VKFft5_9qOw
Numonic7 2 years ago
Who are we gonna trust some idiot on youtube, or peter schiff. Do you run an investment business, do you manage a billion dollars?
bdc03 2 years ago
Wow. You gotta be joking, I don't even know what to say here. There's so much wrong with what you just said that it's mind boggling. Not only did you not address the issue at all, you're saying that unless you run an investment business or manage a billion dollars, you are an idiot. You're saying that the only smart people in the world are people that run an investment business or manage a billion dollars. Your sarcasm is either going over my head or you're the dumbest man on earth.
Numonic7 2 years ago
I don't think you get my point. Are we gonna trust some random internet investment troll, or Peter Schiff...
bdc03 2 years ago
That's a stupid question because no one is right 100% of the time. You have to read the issue and use common sense and see who's right about that specific issue, not just blindly say that this guy is always right without even hearing what he said. Did you even watch the CNBC Schiff interview? I'm not asking you to just blindly trust me without watching the interview or reading my replies. When you watch the interview and read my replies you're not trusting anyone but your own common sense.
Numonic7 2 years ago
This has been flagged as spam show
WalMart Stores Inc. will cut about 11,200 jobs at Sam's Club warehouses
hilololomoa 2 years ago
@407buddy
You anti-semitic bastard!!! (just kidding)
I do not trust Israel at all, as history revolving around the likes of the Lavon Affair, USS Liberty, and Jonathan Pollard espionage case shows they we shouldn't.
The Israel Lobby has a very strong influence over the US congress and the ADL squashes any criticism of Israel by crying "anti-semitism."
Israel has what can be considered a government within the government in the United States.
2hard21 2 years ago
Love the videos, Daniel... The future may well be in Asia, but yet, I don't invest with communist regimes, and China is most certainly in some kind of state-sponsored bubble. Please use caution, brother...
rentonsentinel 2 years ago
state sponsored? The Chinese private banks are the ones making the loans to the Chinese citizens. Just like US private banks did/do to US citizens. And it was Chinese private banks that recently decreased loans to Chinese citizens but not to the same magnitude US private banks did to US citizens. I don't know why people say China is communist when they are doing the same thing we and every nation has always been doing. They're either contracting consumer credit or expanding it like us.
Numonic7 2 years ago
Nvm, you actually answered that question in this video lol.
Modelmaterial7 2 years ago
Hey Daniel, are you Christian? Just curious.
Modelmaterial7 2 years ago
I can´t remember his name but the guy who predicted the Enron scandal and made profit from it. Is also predicting China is about to burst like U.S did due to unregulated credit loans.
Junriah 2 years ago 2
More stars for the cure!
TruthQuotes 2 years ago
Awesome video!
TruthQuotes 2 years ago
I wonder if anyone knows what happened to Japs or Germans that owned US securities before WWII were they able to take gains or dividends. Or were they forfeighted? I have to wonder whether the Commy party would freeze your assets in a collapse scenario?
mikfax 2 years ago
Japanese assets were frozen in 1941 after the japanese occupation of what would become Vietnam.
US citizens of Japanese ancestors were rounded up and imprisoned in camps during the world.
That is the US way: freedom, liberty, justice, truth ... the total package.
TheCZMan 2 years ago
trust me i wouldnt invest in Australia
fungulotualatuarazza 2 years ago
property no, but we still have plenty good stuff underground if you know what your doing. We have the biggest gold mines, and uranium deposits in world. Maybe he could buy shares in oolaroo, just dont walk on it. It upsets the natives.
mikfax 2 years ago
dehydrated goose farts .....
chena3 2 years ago
I think Daniel invests in China because last quarter their economy grew by something like 10.7 percent. Its not betting against "your own country," it's betting against all the morons who live here, like you.
GreenBlazer666 2 years ago
Danial, the reason you invest in China is because you have a love of money problem. I hope when all this is over, the market will find a way to punish those of you who bet against your own country.
louiethegreater 2 years ago
I'm an American, are you against me making money? Are you against America?
visionvictory 2 years ago
No, and No, Would you have invested in Nazi Germany, Would you have invested in the USSR. if the return of investment was as large as they are today. Would you have a problem with Rockefeller selling oil to both sides during WW11. He would have said: I am making money.
You bet against a country that has been so good to you, that is shameful.
China is not reforming, the wealth is not making consumers out of the citizenry. The wealth is spent on infrastructure and the military.
louiethegreater 2 years ago 3
You know, just announcing their first gigantic loan, the US voted an increased military budget.
Like it or like it not, when you have a vicious snake like the US in your courtyard, it is a perfect excuse to arm yourself.
Chinese claiming they need to arm to protect themselves from the US are not lunatics, simply people with common sense stating a fact.
TheCZMan 2 years ago
Well said CZMan.
louiethegreater 2 years ago
@TheCZMan "Chinese claiming they need to arm to protect themselves from the US are not lunatics, simply people with common sense stating a fact."
Hell, Americans who understand the real purpose of The Second Amendment should arm themselves to protect themselves from the U.S.
WesSeid 2 years ago
WesSeid I agree with your take on the Second Amendment. I agree the U.S. Government at some point will be the enemy.
louiethegreater 2 years ago
A pipe dream. The common US citizen respect might before anything else.
Currently, the US Police is averagely better armed than most militaries in other countries.
The guns the US citizens have are going to be used to take people who are below them not above.
TheCZMan 2 years ago
Louie, your style reminds me of a Louie. Did you serve in Vietnam? The Louie I think of served in Vietnam.
TheCZMan 2 years ago
Excellent as usual.
OrlandoTeaPartyVideo 2 years ago
Australia and New Zealand are kinda included on the "Asian Markets", Does anyone invest in them?
Excidium567 2 years ago
yes
visionvictory 2 years ago
China is afraid to let its currency float because all the jobs would move to Southeast Asia - Viet Nam, Malaysia, Thailand, Indonesia, etc.
China ia slave laor colony and the government is the master. The master is doing pretty darn good, but they don't want the slaves to get uppity.
666sigma 2 years ago 2
666sigma, Kinda reminds one of the U.S. doesn't it.
louiethegreater 2 years ago
Not really. We allowed the jobs to leave.
666sigma 2 years ago
I'm glad you said you're not going to be selling visionvictor t-shirts! My YouTube rule is to unsub from any channel that starts selling crap with their channel "brand name" on it. It seems every channel that gets too big and popular goes to crap. The info stops, the t-shirts start.
A good video Daniel, thank you, 5* and shared.
drutter 2 years ago
I invest in Asia as well, mainly China. They have a huge surplus and they loan us Trillion of dollars.
xCASDGuyx 2 years ago
Thanks, Daniel, for the announcement regarding applications for emergency unemployment benefits; I hadn't picked this up anywhere else, and knowing this is a help in properly assessing where employment actually stands.
Tigerpaws9097826 2 years ago
Peter Schiff is wrong but will not admit it, check out my replys to the latest CNBC interview he did here
watch?v=VKFft5_9qOw
Numonic7 2 years ago
Precious metals are going to get hammered in a depression. The debt ratio was much higher in 1929 compared to now. Numerically the numbers are much greater. Cash is going to get very strong, the dollar. Banks will not lend money to the people, so money supply will continue to shrink and shrink. The sum of all the debts in the U.S. is $100 trillion, yet the money supply is about $12-$15 trillion. The debt is compounding remember.
He101A 2 years ago
Daniel, on there has nowhere on earth been a pure Smith/Friedman - type economy and there has never been a pure Keynesian economy. Usually the governments go more Friedman during boom times and more Keynes during crises, which is completely incompatible from s theoretical point of view.
It is utterly incorrect to blame Keynes for fiat money and inflation: Keynes preaches to save money in good times!
The politicians who failed to do that are puppets of the corporates.
alalal5 2 years ago
Daniel you contradict yourself in this video. In the beginning of the video you say that the bailouts and stimulus and low interest rates are not working to stimulate the economy and then later you say the Fed with it's Target Fed Funds rates sets and controls the prices of credit and homes. When will people connect the two and see that the Fed Funds rate doesn't control what the banks do? Monetary base is many times what it was during the credit peak and we still have a credit crunch.
Numonic7 2 years ago
Isn't it common sense to see that the banks will do what they can to cause asset prices to drop being that the instant they sold those assets to the Fed, they effectively put themselves in a short sell position, meaning if the prices of those assets rise more than they sold it for, when they buy the assets back from the Fed, they will end up paying more for the assets than they sold it for, thus causing a short squeeze & defeating the purpose of selling the assets to the Fed in the 1st place.
Numonic7 2 years ago
Sorry, but I wanted to ask you a quick question on gold:
I just bought a 1980 gold Krugerrand and, according to the book, it's supposed to weigh 33.93 grams. When the dealer weighed it on the scale in his store, it weighed 34.0 grams.
He then weighed a nickel to check his scale and said his scale was right.
He said he was sure the coin was good.
Is there any reason to be concerned about it?
Thanks
EvilUSAandthe911Lie 2 years ago
@EvilUSAandthe911Lie
Just to help put things into perspective for you:
It's 7/100th of 1 gram lighter than the officialy listed weight. That's the weight of a speck of dirt. Are you still worried?.
ShillBasher 2 years ago
You mean "heavier than."
I get your point though... Thanks much!
EvilUSAandthe911Lie 2 years ago
EvilUSAandthe911Lie: in case a 2nd opinion is helpful, I'm echoing ShillBasher's comment. One gram is less than 4% of an ounce, and the variation you've referenced is only 0.07% of a gram - or a little less than three one-thousandths of an ounce. I wouldn't be concerned; dust, or a little oil from the fingertips of someone having held this coin, could account for the difference.
Tigerpaws9097826 2 years ago
Yeah, actually, that's what I was thinking after I posted this... oil, dirt, dust, etc.
It's been around since 1980.
Thanks, guy.
EvilUSAandthe911Lie 2 years ago
Gold and silver are more important to Americans than given money for the Chinese government to manipulate. If you do invest in stocks, #1 is commodities and #2 would be foreign countries that are growing and needs of those people in immerging markets.
residentzombie 2 years ago
Looking forward to the t-shirt contest. I better get to work!
Thanks, Daniel.
shoeman3434 2 years ago
Hey Daniel,
I would be very careful about China. They have credit excesses and their GDP is rigged. They have a whole city they just build that no one has moved into (built for 1 million residents). You can't trust China bro, I am kinda surprised that you and Schiff are so big on them
jasonw1215 2 years ago
@jasonw1215
IMO, China is the next Dubai. There is no safe haven from the coming global depression.
poweroftheglory 2 years ago
@poweroftheglory
I can't agree with your Dubai analogy. China's foundations are not built on sand. They have spent decades selling to the Westernised world. With the income from those sales they have invested wisely into commodoties and are now building a stronger infrastructure. They are setting themselves up as the number 1 super power and only an all out neuclear war could prevent it from occuring. If that happens we are all dead anyway so if I were you I'd hope for the former.
ShillBasher 2 years ago
Sounds like you should relocate to Singapore like Jim Rogers, then one of these days when the Chinese show their true colors he and yourself along with your families will be lined up and shot.
By supporting the Chinese currency you also support the communist agenda. Our market may not be free but by God we have our second amendment and that's more than you can say for those red bastards.
idahotandj 2 years ago
you obviously have never heard of the Patriot Act
FENXMillennia 2 years ago
Amen. Mao Zedong killed more people than stalin. Down with the commie world gov movement.
jaingxu 2 years ago
The Heritage Foundation just released a study of all the economically free countries and the order. US ended up 8th after canada and 9th was Denmark. ----Denmark! If we are only one step above Denmark we are screwed!
Check the Heritage website.
Idefaulttofreedom 2 years ago
eyy man.... denmark is a cool place to live in.. they have got "Christiania" a "free town" within the city with it owns law, where u can still by weed on the street. Danish people who created that place on the 70´s are still ahead of you!
globalcircus 2 years ago
Free market can ever exist in todays world as governments are owned by corporations and corporations will do anything to maximize profits. Think better to cap maximum personal wage to 10x median wage. That will remove the incentive for the elite to screw us slaves for every last cent we have.
0urGaia 2 years ago
Destroy Goldman Sachs today!
justjacqueline2004 2 years ago 3
The Chinese are cooking their books something fierce. You hit the bulls eye with your case for gold and silver... why risk losing money overseas when you have a safe investment right here?
See my video response for more detail. Great channel BTW.
silverfuturist 2 years ago
I might consider investing in America when
1. Obama is behind bars
2. When the Fed is no more in charge
3. When you take biblical action against all the members of the CFR and CIA
ewffaces7 2 years ago 2
bingo
winner502 2 years ago
Possibly the next bubble. All these videos about the economy. One gets tired after a while.
Happen2008 2 years ago
lol
uspimpclub 2 years ago
Shoes are dropping right and left. Expect more of the same next week. In fact by the end of next week, it will be clear that the sky has fallen.
Shameonfed 2 years ago
VV ,you invest in China!
anything for a dollar even your own freedom.
You are wrong on this one.
yes ,US reserve curr is backed through cohersion....nothing new.
There has NEVER been a "free" market.
YOU will be caught out with your "market" investments-....just go research SDR ratio vs debt to GDP ratios..and Bretton woods II......the reset is coming.
ALL paper is toast.....because of this ,just wait till the shorts turn on chinese USD's-commods (essential) will skyrocket.
stay strong VV
Hroark7 2 years ago
More Free Silver Contests!
veritasfiles 2 years ago
sadness ...
some dairy farmer
in new york
shot 52 of his cows
then himself..
guess it just got to hard to moo
any more ...
happy trails cow dude ...
chena3 2 years ago 2
No sense in crying over spilled milk! LOL
dtgoody 2 years ago
Comment removed
dtgoody 2 years ago
Never apologize for ranting Daniel - Passion sells the cause.
No Vote = No Confidence.
PsyogiBottoms 2 years ago 2
Maybe George Cloony will do a telethon for ignorance? you think? maybe? nah, you're right.. that would be working AGAINST his base.
Thanks Daniel
Eraser7622 2 years ago
Do you consider Australia part of Asia? Peter Schiff is very bullish on Australia.
capitalist4life 2 years ago
Just remember that Australia has had prosperity because of policies of our previous government (in the areas of economy and business) until late 2007 where they were outed and replaced with left wing and totally incompetent morons, who complement Obama perfectly. Since then, all our national surplus saved over the past 10y, & borrowing leading to a record deficit was blown in the past year on "stimulus" packages, & from Jan 2010(first homebuyer grant end) these "props" 2 the economy r gone.
kitten123456779 2 years ago 2
China is definitely what the US was forty years ago. It has growth potential, and contrary to what the US media purports about average individual earnings in China, most Chinese have huge amounts of savings because income tax declaration works differently in the east. There is a growing domestic market that is fuelled by personal savings rather than debt. Most Chinese stocks are undervalued compared to US stocks.
zombiehellmonkey 2 years ago
more please
toshibavoodoo 2 years ago
I agree with you about the idea that America is a free market economy is based on conventional wisdom. I'll go further by saying America being a free market economy is based on false pretense. It's actually a mixed market economy with more of a marxism/socialism twist to it.
newjerus777 2 years ago
Gold and Silver continue to get crushed..China has huge problems..This guy has all his eggs in China?..
rollinglibs101 2 years ago
agree i'd be buying america property now whilst it's cheap, You guys do not but sprook Gold. Asia has it's own problems.
We have gone communist all of a sudden have we?? LOL
cityslickeroz 2 years ago
I don't think this guy understands in full about Communist Countries..He will get burned in the long-run.
rollinglibs101 2 years ago
Thats not what I said, I like Asia as a place to invest.
visionvictory 2 years ago
Thats fine..You gamble in Asia..Some people gamble in the US..I think all markets are in for a volitile ride in 2010..I hope you have a strong stomach..
rollinglibs101 2 years ago
Asia has bigger bubbles than America ever did in certain parts. I know things are tough in the US but let me tell you- In Sydney Australia it is now close to $1mil for an average house within 15km of the CBD. Tell me that's not a bubble
If you have cash I would be buying US property in popular US cities, a lot cheaper than major asia cities let me give you the Tip.
Eventually you will get burnt on Gold and Silver like any other over priced asset or stock, it's all timing.
Cheers
cityslickeroz 2 years ago
I don't expect gold and silver to go to the moon in terms of US dollars unless there is a combination of the US consumption increasing while the world decides to refuse to meet the rising consumer demands of the US and shun and discontinues exports to US while at the same time China drops the peg and increases domestic bank lending while other nations also increase bank lending and I gotta tell you I see a slim chance of that happening but I keep some silver just in case it does.
Numonic7 2 years ago
Numonic7: So you honestly believe that the fact that the US has to borrow or print 3 billion a day just to cover the interest on the 11 trillion we have foolishly allowed ourselves to owe through careless indulgences has no effect on the value of the fiat dollar and it's actually someone else's fault? You've got to be joking.
anthonymellado 2 years ago
You're not listening to me. Get your facts straight. Read my replies, I mentioned nothing about paying the interest on 11 trillion dollars. printing money is only for the purpose of letting you get physical money from the ATM or bank teller. reread what I've been writing.
Numonic7 2 years ago
Maybe it's just me but i think the details of exactly what goes on when the govt. bails out a bank needs to be discussed and examined because I think there is confusion. For one we have to discuss the details of the 2 different kinds of money, the physical money which are the Federal Reserve Notes and the electronic money which is credit and debit. And we have to discuss what kind of money is used in bailouts and how a nation with decreasing credit even with massively rising m0 has deflation.
Numonic7 2 years ago
JPMorgan has been shorting gold and silver with naked shorts. As more physical silver and gold keeps getting bought up, this will leave less for JPMorgan to actually be able to deliver to customers that actually insist on physical delivery. Once the word of JPMorgan not actually having the real thing, physical, JPMorgan will not be able to manipulate the priece of gold and silver anymore. Its a racket they claim to have the physical gold and silver and are able to short against the real thing.
jimbobubbadj 2 years ago 2
11110
gavazzfromoz 2 years ago
I love it when people rant. You spill your soul out. It shows passion and I like that. It's why I listen to you and all the other "nuts" out there. It lets me know I'm not alone and I'm not "nuts" when I rant to my friends and family.
Keep it up man. Us "nuts" have to keep ranting.
Whats the old saying? I'm not crazy! Everyone else is crazy!!!
No tin foil hats please. ;)
deadman12078 2 years ago
Telling people the truth is not ranting. Having dull ears and and a thick skull makes it sound like ranting. The problem is, people come by these thick skulls naturally. Do you know the majority of the upper level elite passengers of Titanic told the crewmen who were trying to load the lifeboats to quit ranting,
anthonymellado 2 years ago
lol thanks, i think ;)
visionvictory 2 years ago
Had these "emerging markets" not been expanding credit while the nations in recession like the US were massively decreasing credit, there would be massive civil unrest due to the massive unemployment the great credit contraction would cause and on top of that commodity prices would have dropped massively, but the reason why China and emerging markets did not follow the US and others in to decreasing credit is to prevent the massive civil unrest that would come as a result of doing so.
Numonic7 2 years ago
As I continue in your video......
No, the only ones having kids are the section 8.
Yes, the Chinese are smarter than we are. It is strategy.
As for capitalism- the replacement is already in place.
No, real estate is getting ready for the final ARM wave.
It's done. Go short, convert, and prosper.......
toddhawley 2 years ago
stars for the cause !
icebreaker7 2 years ago
:) thanks
visionvictory 2 years ago
Investing in Asia? Yeah, they have all the factories/production
Bishop153 2 years ago
You are very good in your advice-
But, the east will "correct" as well from the bubble.
The US collapse is imminent. Keep your eye on the Federal Reserve and the Treasury.
Yesterday, they were to decide on the continued issuance of money. They did not come out with it. This is something of concern.
I believe the collapse is coming. 20% on the dollar. I liquidated 2 weeks ago, went short on DRV and DTO. I'm up 20% while the collapse transitions.
Civil unrest is coming- Jan 31
toddhawley 2 years ago
@toddhawley
What are you talking about? Continued issuance of money?
Do you have a link?
margiemaae 2 years ago
I agree, the east will correct. But its still a great long term investment.
visionvictory 2 years ago
thanks for the update. I haven't been able to watch too many of your vids the last couple of weeks because I have been so busy. Not that I think USA markets are a good place for investment, I am also weary of the Asian markets. With all the globalization and the US intertwined in everything, its downfall will have aftershocks all over Asia. It is hard for me to see the Asian markets not crashing along w/ the US markets in the (near?) future.
batman233 2 years ago
So who is going to replace the american consumer when the usa collapse.
neanam 2 years ago
Who cares commodities win either way, get some.
Numonic7 2 years ago
Asia has 2.1 billion people who are starting to improve their lifestyles. I would think they will want their own cell phones, VCRs and big screen TVs. I saw a documentary a few months ago about this and they were focusing on a Chinese couple that had been saving there hard earned money for several years and were about to buy a used car for themselves. Very humble couple and appreciative of their new opportunities.
anthonymellado 2 years ago 3
People who actually have money.
visionvictory 2 years ago
Yes, we need to fight the ignorance and misinformation with education. Well said!
sstoy10 2 years ago
Five starts to the cure for ignorance :)
Great video and article, thanks!
sstoy10 2 years ago
Thx, they will go towards a good cause ;)
visionvictory 2 years ago
invest,sugar coffee,alcohol.all better than money.
ducklamb1 2 years ago
Daniel,
Great analysis on free markets and misallocation of money.
frgtmygld 2 years ago
dont apologize i love ur rants
tylerzchance 2 years ago
:) thx
visionvictory 2 years ago
Have you seen the real estate bubble that is happening in china right now? I know a guy in hong kong who a few years ago his place was worth 150k. Today its worth 750k. If you think investments in any country are going to turn out good, its not. Every country in the world is on fiat money. History has shown that fiat money always goes to zero. Put your investments in silver/gold, or rental properties(preferably farmland rentals) thats the only safe bet.
peilthetraveler 2 years ago 2
My investments are part of a long term strategy. Although the short term bennefits are getting out of the U.S. dollar.
visionvictory 2 years ago
I think the pace is accelerating.
DEFYtheTHOUGHTPOLICE 2 years ago
Some countries in Asia, yes. China, no.
Despite the vast number of people in China, their economy is only the size of California. Their economic future is overrated. They are not a capitalistic society...they are communist. China actually had a sell signal 3 weeks ago.
RAMKING61 2 years ago
the big reset button is getting closer and closer - I dont think there is a safe investment right now anywhere...
aw3212 2 years ago 4
Earth related investments will always have value.
visionvictory 2 years ago
I agree, but I dont trust anything that isnt physical right now. A piece of paper may say we own gold or silver, but until it is in my possession, its nothing, just like the dollar or a stock certificate or an account that says I have 100K in it.
BTW - I know you own physical silver/gold, so it isnt aimed at you. I just think we're close to a every man for himself-every country for itself scenario REAL SOON.
aw3212 2 years ago
Well some positive for the economy, the FDIC is loosing less and less money with these bank failures, at the current rate of bank failures, we should see an end to bank failures really soon, probably within the next month. For those that think asset prices have to do with bank failures, we just had the worst week in stocks since Feb 09 and we just had the least amount of money drawn down from bank failures since the crisis began from the 2 banks that failed today, so they are not connected.
Numonic7 2 years ago
Correction, i spoke too soon. More banks were added to the bank failure list and the FDIC lost more money but it's still not as much as it used to be last year. But it's possible more will be added to the list this week end. But I doubt it.
Numonic7 2 years ago
I agree VV.
We HAD a free market. Now its a manipulated market,via the tax system and the fiat currency.
Most in America dont know the difference.THey are too absorbed in the mass media.
cpgone 2 years ago 3
They have been conditioned to lose.
visionvictory 2 years ago
Hay VV. Good stuff.
regards,
hash4guns 2 years ago
Thanks
visionvictory 2 years ago
how can i invest in china help pls????????
twistedwest1 2 years ago
Cslfinancialgroup. net
Tell them you watch vision and they will take good care of you. If they don't, please contact me.
visionvictory 2 years ago
@twistedwest1 the regular way. just look for chinese companies to stock into. also look for companies anywhere that sell resources to china. aussie primaries for instance are bulletproof
genghis6l99 2 years ago
I don't support Chinas economic system, but I do see us making money there for a good 15-25 years.
I deal with the hand i'm dealt, not the hand I want.
visionvictory 2 years ago
NICE JOB
amcanmike 2 years ago
Hey VV, where do you see inflation dumb dumb. How do you borrow money when you can create as much as you want. The chinese currency is pegged to the US dollar so almost all you say is ignorant and irrelevant! For someone who spends alot of time on this you're pretty lost.
Fingerroll4VR 2 years ago
When China lets their currency float they will see deflation in prices.
visionvictory 2 years ago
When is this going to happen you genius? Tell me about how you can be in debt to yourself? When is this hyperinflation hitting?
Fingerroll4VR 2 years ago
You know what I haven't had in a while, baby back ribs, that sounds good right now.
visionvictory 2 years ago
You have a point which I've been making also, although you are being a bit obnoxious. 2 important things to China are 1. maintaining cheap exports to US and 2. maintaining enough domestic employment to pacify civil unrest. These two things are not mutually exclusive. The proof that China is only consuming to replace lost consumption is the fact that China chose to appreciate their currency by decreasing bank lending instead of dropping the US$ peg. Why would China stop accepting US $'s?
Numonic7 2 years ago
Numonic7 : Because they are slowly becoming worthless!
anthonymellado 2 years ago
Currencies appreciate and depreciate through contracting and expanding credit. Please stop falling for the lie the govt. tells you. The truth and common sense is that the monetary base has no barring on the expansion/contraction of bank credit. It's amazing how after the massive increase in m0 while US credit continues to contract some people still hold on to the false idea that an increased monetary base will automatically without control lead to increased bank lending.
Numonic7 2 years ago
The truth is the reason the US dollar has been loosing so much value is because of what the Yuan was/is doing. The Yuan is pegged to the US$ and credit is being expanded in China massively and China's credit expansion effects the US$ because the US$ is pegged to the Yuan, so as the Yuan looses value, so does the US$ and as the Yuan increases in value so does the US$. Currently the loss of value is not because of the US but on the part of China who is expanding credit while US is contracting.
Numonic7 2 years ago
So US being punished for something they are not causing doesn't make sense. Know that if it weren't for China expanding credit, the value of the US$ would be much higher than it is right now, prices on everything would be much lower. I'm not saying what China is doing is wrong, I'm just stating the facts.
Numonic7 2 years ago
Many inflationists are spreading the lie that the monetary base influences bank lending. It's a lie, banks don't need any reserves to make loans because loans are done electronically, not with physical cash. Physical cash is only needed for cash withdrawals. There are two types of lending banks do. 1 is lending to citizens and the other is to banks. Lending to citizens is totally electronic but when banks lend to each other it is half physical cash half electronic money.
Numonic7 2 years ago
Great vid, challenging the common perceptions and beliefs. Crippled critical thinking is a hazard you doing a wonderful job of pointing out. For such a well versed and studied critical thinker, I am perplexed by your by your belief in Bronze Age mythology. In my experience the 2 have been mutually exclusive.
Always enjoy your take on the situation.
NAVYGOLDEIGHTFOUR 2 years ago
BY FAR your best vid imo A+++++
More "what to invest in" threads imo.
RikaKazak 2 years ago
Dont invest in Asia. You're only helping them and not us.
CrazyItalian992 2 years ago
Helping Americans make money is helping us isn't it?
visionvictory 2 years ago
Sorry I dont know much about economics but how does investing in China help America?
CrazyItalian992 2 years ago
Yes, it helps the Americans who invest in China.
visionvictory 2 years ago
Who on Earth is making the argument that higher Chinese currency value would result in BAD results for the Chinese economy? God I can't stand monetarist stupidity.
Stargazer5781 2 years ago 4
Pretty much everyone on CNBC and FOXbiz
visionvictory 2 years ago
I'm not sure if you've heard, but a little bird told me some people were trying to bring back the old ways of producing our own goods. You know, back when we huddled in our own little world, not giving a damn about the rest of the planet? How we used to be one of the largest exporters and actually..DIDN'T live in these times? Perhaps what we need is to go back to neutrality, god forbid even *gasp* ISOLATIONISM! We were actually better off then than now to be honest.
KissMeImPunk 2 years ago
Commerce with all buddy, not isolationism.
visionvictory 2 years ago
I remember a certain America during it's Industrial Reovlution where isolation was doing a number for us.
KissMeImPunk 2 years ago
You guys want evidence of the saying "govt. governs best when it governs least"? Which by the way is the same as saying "A single man works best when that man has less work to do". The evidence is in our monetary system. The govt. is the sole controller of the physical currency and the millions of banks around the world control the electronic money. The failure is exposed with bank cash withdrawal limits, the govt. can't create enough physical cash. Electronic money dwarfs physical money.
Numonic7 2 years ago
Dan, would like to see you reconcile Christianity and Capitalism. Seems like the two are directly opposed to eachother. Unfettered capitalism with it's the exploitation of the poor, racism, the destruction of the environment, frequent depressions, graft, and lack of rational decision making has all lead to the creation of Western Liberalism. The good old days never existed. What we need to do now is reinvent the world's economic system from scratch. Any ideas?
cloudsurfer007 2 years ago
one word man, Freedom. If you think Capitalism hurts the poor than you don't understand Capitalism in my opinion.
visionvictory 2 years ago
It might be you who dont understand poverty too.
TheCZMan 2 years ago
Daniel, This was a great video and very informative. I've watch all your video but I haven't checked out the blog yet. I look forward to reading your article. Talk to you soon. Joe
SergeantJoeGreen 2 years ago
Federal Reserve Notes, nor the material used to make and run computers are man made. Gold isn't found in the form of 1 ounce coins, man had to shape/mint gold in to one ounce coins, just like man has to shape and mint cotton and linen in to Federal Reserve Notes. I disagree with the no inflation idea. Inflation is a tool people use to thwart demand for things they own that they do not want to be depleted, so they raise the price.
Numonic7 2 years ago
Anyone have any idea how good the UK financial industry is?
JESUSISLORDAMEN 2 years ago
not good at all
visionvictory 2 years ago
NEED A JOB
END IMPORTS
rickbar123 2 years ago 6
On the Hang Seng, I invested in these stocks last Nov. thru Mar.
0297
0682
3993
0696
1068
Now, it looks like the Hang Seng is starting to tank, and I can't figure out why. China isn't a bubble by any means. The property market is high priced because the currency isn't freely convertable and people stick their money in property instead of taking profits out of the country and none of the stocks I invested in are property related. Do you have any comments on the Hang Sengs recent slide?
thereallurker 2 years ago
China's markets are attached to the U.S. markets for now.
visionvictory 2 years ago
@visionvictory One question, will China and the BRICS countries' peoples in general will took the hit if U.S. Dollars does collapse and lose it.s world reserve currency status?
ltmikepowell 4 months ago
Support Ron Paul's new bill ;
H.R. 4248:
Free Competition in Currency Act
wcarlpdrysdale 2 years ago 4