Reflections on the Great Depression of 2010

[ofmay]

Awesome as usual! THANKS!

[Ranger4564]

Precisely the really big deception and inconvenience of Capitalism. Listen at 5:00 onwards. It's what every critic of capitalism states... capitalism is only viable when a part of the population is complicit in the exploitation of the majority of the world. The British Empire is one such emblem. So is the United States and all of Europe. What we did to the world is coming around and will be done to us. I want to sit next to the devout Austrian schoolers and listen to them defend capitalism.

[johnwinfield367676]

Good vid, we should minimalise. Soon we wont have a choice, watch Fight Club.

[Essefen]

Great Recession you mean. We're at %10 unemployed. You can start calling it Great Depression whe we reach %28 mkay?

[jumproom]

A modern day prophet! everything he said two years ago has or is about to come to pass. If you don't know that, lay down because your already dead. The unpleasant realities of history repeat, because very few people descide to take action and change it for the better. The few who risk all to inform you sheople of the truth are sacrificed on the altar of your chemically entertrained cosmic coma.

[Ranger4564]

@jumproom Agreed. Gordon156 was pretty much correct... but that's the way it is.  The people who know, who are innovators get mocked to death, and the morons eventually surrender their ignorance, reluctantly. It has been that way since the beginning of time. Look at the world of knowledge... flat earth, sun revolves around the earth, god exists, etc. ;)

[pageglen]

Thanks for calling it what it is a DEPRESSION-not a recession!

[PhatFarm60]

Obama will be gone in 2012, just as Calvin Coolidge was bounced for his incompetent management

[MrGreatLakesBuffalo]

I always knew that shit was too good.  So at the age of 44...I will readjust my view....live simple, be small and be happy. Money always was a trap.

[MrGreatLakesBuffalo]

"It rubs the lotion on it's skin, it does what it's told."  ahhhhhhhhhhhhhh!

[MrGreatLakesBuffalo]

Get ready for prices to soar, your check to remain stagnant. Your taxes on everything will grow and new taxes. To survive...silver, spam, eggs, potatoes, plant a huge garden.

[plalelal]

I have to keep retyping my comments. WTF? Real unemploymnet is at 22% in Dec 09. It was only 25% in the Great Depression. Americans wake up! We are in trouble!

[vidarjens]

you sure about that art? i think you better get your head out of your rearend or out of somebody elses rearend, you have no idea what s coming, i wish you were right. but i know your not.

[ART1975CZ]

When nothing happens, then it will be 2011, no 2012, no wait, 2015 !

Yea.....WHATEVER !

[sugarraygras]

@ART1975CZ Its already happening but I get the feeling you may be the very last to notice. They are printing money and when they cant print anymore without the risk of high inflation then you will see the shite the west is in.

[TheLizardKing1967]

Obama and the EURO will sink our country. WAKE UP AMERICA !!!!

[thruid3]

Well said.

[tomaluta]

saddam play all the game....imagine if saddam was affraid of usa and give freely iraq to usa....saddam make it hard for them....ahahahahahah ..he is a good player

[golfprobro4eagles]

There is a place in America it is known as flyover country. You never here about the people here or what they do or how they live. On the news your brain wave pattern is alter by harrp from NY to LA. The heart of America still is strong and from the ashes will rise again the great men Washington ,Jefferson ,Addams. In these truths we will prevail. God Bless America.

[randallsellis]

An excellent representation of where we are at this moment in time.

[davfritz]

Excelent work. Spot on.

[Larkinchance]

8 months later, we watch in dread fascination as these events fall into place. Here in the US, the presses are going day and night printing money. where did Bush get the money for the Iraq war, he printed it. where did bush get money for the stimulus package, he printed it. 700 billion for the banks, he printed it. One party accuses the other of raising taxes but printing money is far worse.

Couple that with arrogant US unilateralism born at the fall of the Berlin wall. thank u for ur vids.

[smmeegal]

British Empire sucks just like all empires, we the peasants are just here to slave for them. I like this vid. I hope we survive all this crap but am so sad for all that have died to maintain these Great Empires.

[petereuropa]

Are there any words in the economic world such as 'patriotic humanity' or/and 'good moral' ?

[petereuropa]

My apprehension: I read in a newspaper. The trade mark in the world -> most valuable = Wall Mart. My opinion: the movie 'Independant Day'. Thh companies like Wall Mart, IKEA and so on abandone production from USA & Europe for far east. There must be a new balance for currency and production.

[MireilleT]

Interesting the way you look back at today's events from a date in the distant future. I like that approach.

And you wrote and recorded this in March, 2008? Your analysis of what happened in 2008, forty years ago, is astonishingly perceptive.

Sexy voice too.

[4evrMT]

Great video. You were spot on about the injection of the billions and demise of the banks. I am impressed that you called the money dump. Someone's well tuned in!

[Makell]

I just think we need to get back to PEOPLE HELPING PEOPLE... instead of the now common people stabbing each other in the back to get ahead or holding people back for fear of competition

[flemster1]

he posted in march n today our gov injected hundred of billions like he said.....is he jesus or the devil this guy

[cybertrader69]

no, he's bang on.

[NUCLEARDOLPHIN]

I think we have many problems ahead, but this is excessively gloomy!!

[meltglass1]

Great Vid.TB

[Elektro5862413790]

"We exploited the third world" -

oh dear, what a pity, nevermind.

Frankly we, the British, invented the modern world and we shall do what the hell we danmn well like.

But to be honest you are a an eco-vegatablist and therefore should be commited to Broadmoor post-haste as you are clearly some religious nutter that has found the new religion of "environmentalism" to latch on to, the operative being, "mentalism".

[gordong156]

Elektro - let me put it another way. What goes around comes round. Magaret Thatcher has dementia. Her son is on the run for trying to engineer a coup, Simon Mann is in prison ... all this 'doing what the hell we damn well like' (usually to control oil) leaves torrents of blood and sewage and misery in its wake (IRAQ). You know, of course, that Iraq was 'modern' before we sanctioned it. But good luck to you. I look forward to your first video.

[littleredbirdy]

"the modern world" sucks. You can have it.

Actually, Rome did MUCH more for your "modern world" than the bloody empire that was Britain.

[Jacobrester]

Please don't get offended, maybe you can educate me.

What exactly has the British Empire "done for the world?"

[littleredbirdy]

Not very many positive things, for sure. It raped continent after continent and forces suffering upon millions.

What do you want to know? Specifically?

Look no further than India and Africa.

They eventually got tired of using the sword and moved onto banking. Some of the remaining British bankers are STILL trying to unite the world together under their financial systems....

[Jacobrester]

Thanks for the reply.

I have read where the UK and USA are trying to gain control through the banking systems, but it is sometimes hard to determine what is conspiracy nonsense, and what is real.

[littleredbirdy]

Not all conspiracies have bad intentions.

These men believe if they unite the world all things will get fixed.

They just want it under their own terms.

Just look into the British Empire. Look beyond the kings, look to see who controls the money.

[gbilios]

india is the cause of the recession.

[caliconotts]

Sadly, peoples ignorance, some how demonstrates, even though there is a way for us we will be too blind and selfish to listen to good advice, for those of you that have switched on, at long last, buy land out of the citys,farm that land with animals and food, solar panels if you can, drill a water well if one does not exsist and learn to be happy with a basic life. socialst yes, but also very realistic,for those with no money, arm your selfs for the survival of the fitest as its almost on us.

[caliconotts]

Very Very good, We need to listen to this Bloke, we need to put him in charge in white-hall. I think it could do a good job at no.10. really, *goodshow*.

[angelogold]

of course its comming, but he is looking at it through the rear view mirror, al of us can do that.!!!!

[BubbFromGEI]

"oil soared to $110 per barrel..."

It is already well out of date. But the problems you have identified remain.

[Rentaghost76]

typical nasty socialist crap.

[COUNTCARDULAR]

i am ready to fight V FOR VENDETTA!! lets taek our country back!

[luvpump1]

Civil agitation on the streets of U.K Plc is the Establishments Nightmare !! .. & it may happen to some degree !!

[mungcray]

been hearing about a purposeful food shortage. would be brilliant to wipe alot of people out since nothing gets stored and nobody can fend for themselves naturally.

[Thunderwavia]

Patoto's and carrots, are the key. Yum Yum, lets hear it for Patoto's!!!

[fred10538]

A well-informed poetic delivery!

[thehouseofhoops]

Please see a psychologyst.

[gordong156]

thehouseofhoops - making the video is part of the therapy! I look forward to your video response.

[jumproom]

@thehouseofhoops Has your own delusion given way to any more wisdom in one year. Gerald Celente, Dr. Len Horowitz, Dr. Bill Deagle, Peter Schiff, Steve Quayle,webbot project, coast to coast am. George Carlin> Truth is stranger than fiction, its not just a saying with out a millenia plus of time tested history as its inspirational foundation! get informed, get involved or shut the hell up.

[Ranger4564]

@thehouseofhoops So, now that 2 years on, you realize at last, that you were wrong, and others were right... do you finally learn to shut up and listen instead of talk so much? You are clearly not the prophet, so please follow, don't lead.

[NSV102A]

What a Nastrodumbass!

[gordong156]

Sorry NSV102A - Sorry - I think I just wiped a couple of your comments inadvertently. You know, I really liked this retort. I think you'll find it's 'Nostrodumbass' by the way... Keep the comedy coming. People who know really need people like you to put a smile on their faces... I'm talking Hank Paulson by the way.

[Ranger4564]

@NSV102A How about you come back to your oh so clever prognostications, and apologize? How about a bit of humility next time? Nostrodumbass indeed.

[anarchodolly]

excellent video: next few years are shaping up to be very interesting.

[2bsirius]

Future history...VERY INTERESTING...

[Einstiensblackid]

I'm guessing you are basing this prediction on the Dent method?

I heard about the late '09/early '10 crash and following depression in 2000, and I always thought it was probable considering how many of the baby boomers will be retired at the beginning of the next decade.

That alone will force an adjustment, then toss in the housing crash putting pressure on banks, and the steady rise of commodities and a depression looks unavoidable.

[AirelonTrading]

LOL. Now it's 2010? In 1996, I heard it was going to be 1996. Then 1997. Then 1998. Then 2000. Then 2001. Wow. Bear market. No Great Depression. No market crash. Then 2002. Then 2003. Then 2004. Then 2005. Then 2006. Then 2007. Now it's supposed to be 2008. Now 2010?

Face it. The doom and gloom bears DONT KNOW. It's that simple. Sooner or later, it'll happen, and then they'll claim "We were right". LOL. Most of them only want the rich punished. That's all.

[AirelonTrading]

What's truly hilarious, is the doom and gloomers will never understand how a market works, and the rich are rich, because they understand a RECESSION MAKES IT EASIER TO BECOME RICH and financially, leads to an absolute gift from heaven for anyone that wants to profit from it. This has been going on for centuries. I truly believe those who are poor have a mindset that prohibits them from advancing themselves.

[gordong156]

AirelonTrading - Banks are poor and strapped for cash at the moment. Bear Stearns just got sold for peanuts. You might like to reflect on the mindset that produced this result.

[AirelonTrading]

Precisely. Bear Stearns just got sold for peanuts. There are institutions out there licking their CHOPS to get a hold of the weaker companies that were overexposed. Which in the end - makes JPM only richer in the end. There's a company in France right now that specializes in takeovers during recessions. This is what always happens during overleveraged situations. The strong, eat the weak, for greater profit in the long run. It's in these companies best interests to scare away public investors

[AirelonTrading]

It's a simple Stock/Gold ratio. Now it's gold's turn to be the top dog. That's been going on for centuries. History has shown the best way to protect yourself in truly bad situations is to diversify into foreign currencies, and short the market with the trend, until it's over. But trust me, the companies with the stronger books - want people believing that we are seeing 'the end'. Templeton, Perelman, Alwaleed bin Talal, JPM, Timothy Collins. They all do it.

[AirelonTrading]

The more 'blood' people 'think' is in the street, the easier it would have been for JPM to buy BSC for $2 per share, instead of the new price of $10 per share. Before you step into a trading pit, if you want to buy, you want to give the impression to the guy across from you that you believe the end of the world is upon us.

[gordong156]

Yes. I don't disagree. A lot turns on perceptions and these are easily manipulated - especially by cataclysmic events - eg.google my article 'oil leaks, fires and explosions'. Oil has risen from $10 a barrel in '99 to over $100 in 2008, but it took massive events to push it up - events you and I were powerless to effect. This bothers me, because all that inflation is feeding through to food now... on a global scale.

[AirelonTrading]

True enough. And don't take me for a fan of the Fed. Nor am I a fan of JPM who basically 'owns' a portion of the Fed, and had them broker the deal. I'm no fan of those sorts of situation. Personally, I want Paul Volcker back. But my job doesn't call for me to make moral judgements. I identify what the situation is, realize that most of the news we hear is a lie, and then seek the best way to profit from it. Right now? EUR, CHF, and YEN in Swiss accounts.

[visionvictory]

What the eye sees and the ear hears the mind believes. Airelon, the dow has been crashing in real value for a very long time. You are being fooled by nominal gains, but what can you exchange those dollars for compared to 5,10,20, or 80 years ago? Your getting killed in purchasing value.

[AirelonTrading]

Doesn't matter. As I've said on my channel, people should be diversified into 1) CHF (Swiss Francs) 2) Yen (Historically cheap) 3) Chinese Hyuan 4) USD 5) Euros.

Cash will * always * be king. Just a matter of which cash. So simply following Jim Rogers advice, apply diversification theory to currencies.

We can all bellyache about what's done, or you can make some money. Personally, I like eating and having a roof over my head, as well as the luxuries.

[7bb7b]

David Hume, the economist & philosoper has a theory that money be a neutral in terms of non-interest bearing whereby the value is not seen in the money, but in the production and creation of the good. Time we re=visit this intrinsic right to not monetize via interest and keep it simply as a key to exchange.

THANKS ALWAYS for your insites

[cjlee41]

death to america....!!!!!!!!!!

[Puzzoozoo]

T-minus two years and counting before it all kicks of and the intersting times start. But unfortunatly, the worlds apparently going to end on 21 December 2012.

[guslingus]

Isn't that just the end of an astrological age.. And we enter the age of aquarius..??

[Puzzoozoo]

Narr accoring to the Myan calendar and other types of ancient calendars we are in for a fun ol time, or a MAJOR change in events. Should be interesting to see what happens.

[jtodaizzoe]

hmm