Jeff Rense - Dow Jones Illusion

[BuckOffama]

Ah, the fun is just starting my friends.  Fasten your seatbelts.

[RideMyBMW]

As long as $ 20 000 can still get you an SUV its still worth somethin. Problem is, is an SUV really worth $ 20 000?

[Nuanceqwest]

Oh the irony.

The crowd always comes in to get slaughtered.

The general public is just realising that we have had inflation when we are headed for deflation.

I feel sorry for the folks its just gonna be an uprising.

[Onarugami]

This economic meltdown was predicted approximately 9 years ago by some fellow mathematics and economic experts.

The comparison made below by fellow you tubers is great. The US has been eating more apples than it has. Money has to have something behind it to make it valuable, if you have no "gold" to make you 1 dollar bill worth anything, than you holding air in your pockets, in common logistical sense.

[Kevra777]

Freak:

Dow Jones: 9605 Sept 11 2001

Dow Jones: 9605 Sept 11 2009

[Easydollars]

Dont believe anything the government tells you.

Its all a fiction, fiction, fiction. We are not in debt.

We dont have an oil problem, we do have a Zionist problem. Thats all. As soon as they go our problems go. :)

[Atomsmasher777]

What might lead to a recovery in the U.S. stock mkt.

1. We no longer have a crook as president (someone who exists only to divert as much tax money as he can into the pockets of his rich friends, Exxon, Halliburton, Lockheed..etc)

2. Getting rid of the MORONS in Detroit who have given everyone the finger for years, building only gas-guzzling vehicles, ignoring the fact that the world oil situation is changing.

3. Bankers may be regulated. What a concept!!

[becauseicare2]

Keep going..eventually you'll get there. BTW the market can rally all day long..that does not equate recovery ( I despise that word) in the real economy.

[EmpireStrikesOut]

"I know very well all the things of which you speak. I know that just ten years ago, The United States alone could have housed and fed the WORLD'S hungry and homeless FOREVER"

Your dollar has zero value because it represents nothing but debt, and the stock bubble heights of ten years ago were an illusion. You can't feed the world on debt, my friend.

[THEATEAMFILMS]

I find it odd that he still has a job.

[leavinid]

I really would like to see the "Speculation Market" destryed cuz it has nothing to do with what companies and biz do in real life. A CO. may be doing its biz properly and the country may be stepping forwards for better BUT the "Speculation Market" Ruled by selfish anarchists works to destroy the GOOD and to TAke Away Power and Confidence.

SEE there is 2 separated governments there, the regular biz market and the Speculation Market which really has not done anything REAL GOOD for the COUNTRY

[SpreadingAwareness]

apparently we are all on the stock market. the number on ya birth certificate is your numvber

[jackson32]

Also I heard when a companies stock starts going down, they will replace it on the index with companies whose stock it expected to go up.

[captainNASA]

A 14 year old kid advising on shares - no wonder the stock market is in free fall.

[saladcommander]

Jeff Rense is a rable rousing idiot.

[webovisionca]

aye aye commander salad! lmao

[jeffsst]

haha!

[wojtek0000]

the bull guy. i respect peter schiff and read his work.

[wojtek0000]

ha ha this guy was talking out his asshole. now he's hiding somewhere probably. herb.

[JusticeLeague9]

OH! I've been telling this to people, but I don't think they quite get it. I think they enjoy being deceived. I think that is why they watch television and love magic shows. If you take value of what the Dow was in 1913 dollars, you'll find it's only at around 300 points. That's right! We idiots have been some 8700 point of debt, hidden taxes, inflation, sex, lies, video tape, thin air, and bullshit! What's 100,000 point Dow if a dollar's worth a half a cent? Ha Ha, Suckers! Now eat it!

[McConsumer]

Well there has been a lot of wealth creation. I agree with you, but there IS a much higher amount of machinery and goods in existence...But then again I DO like magic shows. lol

[JusticeLeague9]

Correction, wealth was not created, it was distributed unfairly by the thieves who stole it from the public for the private. This was done by your governments. I, for one, am waiting for the legal opportunity to kill every official who didn't stand up against this for the sake of the public.

[McConsumer]

lol I agree that it has been distributed unfairly. However, I am beginning to doubt that you have any more knowledge of economics than what you saw on Zeitgeist. There are more metals (precious and industrial), more means of production (machinery, labor, and the foundation for such endeavors) and more knowledge of how to use these things efficiently than there ever has been. That everyone in the world could be fed, and clothed and sheltered and yet aren't, shows how unfair it is.

[JusticeLeague9]

I know very well all the things of which you speak. I know that just ten years ago, The United States alone could have housed and fed the WORLD'S hungry and homeless FOREVER! Not only could they have done this, but it wouldn't have cost them a cent!!! There is another concept that I understand very well. It is what ever slave can participate in to seriously even the playing field. It's on the back of every dollar, yet everyone will laugh at it if I say the word. People are SO stupid!

[jenssdewalka]

--There are more metals (precious and industrial), more means of production (machinery, labor, and the foundation for such endeavors)-- But exatctly that is whats bringing value of it down - more gold means - gold price goes down etc. so u could`n feed a fuck anyway - cos it is stimulated virtually - Now the bubble has burst in pieces....

[McConsumer]

Well what is wealth? Is an apple tree that produces 10 kilos of apples worth more than one that produces 20 kilos? By your logic yes it would be,because the lack of apples would drive up the price. My idea is that 20 kilos of apples is worth more than 10. We have more apples now than 50 years ago and so we have more wealth. Money is not wealth; and therefore price is not necessarily a good measure of wealth.

[jenssdewalka]

U don`t understand - Its not that now we got more apples that 50 years ago - its just we r eating apples which dont exist - which we need to pay back by monthly payments -- so there r no apples - it is Borrowed money - This crisis needed to come anyway - cos how long people can live better that they actually can?

[McConsumer]

I understand what you are saying. In fact the apples DO exist, it's just that they are leveraged up to their eye balls. Those 20 kilos were used as collateral for loans 30-40 times their value. It's true that we don't have 600 kilos of apples to pay back those loans, but we still have more apples than 50 years ago. that was the only point I was making.

[Easydollars]

Well said. The government thieves must pay .

Cant believe this BS world we live in. Disgusting.

[82mrkndyt]

nice video! xD f

[visionscope50]

The end of time is very near.but dont take my word people. Just watch and please be ready.

[brettrobson1984]

my friend, the time is near... very true

[visionscope50]

Yankeesx06 You hit the nail on the head.People get ready.We have not seen anything yet!I have stocked up on can goods.

[Yankeesx06]

It's all the War we had , and now we are getting punished by God.

[bacaca88]

Nobody trusts Bush; nobody trusts Wallstreet; people have lost faith in the system. Until faith is restored, then things get much worse - like it or not. McCain = Bush and is full of crap. Wake up and vote for real change in the US and the rest of the World. We beg you to do this.

[aereone]

THIS IS CREATED WITH 401K BY BILL CLINTON is very elemental man if you put money in the market, it will grow. Now is not a coisidence that in 2008 the first Babyboomber get his paycheck. So Social Security is going to kill what 401k build. And is proved that Federal Reserve are attached to the market. I raise my case.

[obamaok]

not mimic the corruption of brokers in Buenos Aires

[drsnk]

We're toast. Oct. 7th is the date that people are talking about, well see. Look for Bush to postpone the election if this happens.

[fizban1977]

The Stock Market was manipulated on the 6th of May 2010. I explain how it was manipulated and by who on my channel.

[dalexruz]

The last few yrs have been an atrocious time for investing. Enron, Dot Com bubble bursting, sub-prime crisis, 9-11 attacks, rising oil prices, sustained period of uncertainty caused by Iraq war, recession fears, over-priced stocks etc. Add to that the fears of future energy shortages, what does the future hold?

[beloitrose]

the dow average only went down 78 points right? what does all this mean?

[sinicalgary]

went down 777 or so today

[bacaca88]

Bullshitters talking bullshit. Wall St finished. USA finished.

[JerrimeWilliams30]

With the advent of the bailout being hampered early today by the House and the Dow Jones's worst percentage drop, leave Americans wondering about their financial certainty!

[sinicalgary]

Your on the verge of collapse you do realize that right?

[ctautube]

I dont argue with trolls, but Rense has always been right leaning. You know, same sex marriage, trust in god, right to bear arms. You just cant please everyone these days. Please find another radio personality to obsess over. Thank you. Jeff Rense makes sense. Period. If he doesnt, theirs a million more channels for you to flip through.

[radicalsam]

The supposed attacks on rense are all a hoax to make it appear like the government or someone is trying to stop rense from talking and in reality it's a lie to make him appear more trustworthy to the masses rense has become a rightwing propagandist.He'll attack bush (just like the mean stream media )

NOW because he's a lame duck and it makes them look like their doing there jobs(being balanced) But just like the M.S.M. they ignore McCain now (right before the elect.)

when it matters most!!!

[radicalsam]

I've made these same comments(see other post) in response to the video's posted by Mike Goodspeed aka (cometstardust1975) on these supposed attacks on rense I posted just what i've posted here and he (goodspeed) removed my post and banned me.

He also disabled the comment section of his youtube channel Don't trust rense just read most of the stories on his sight have a rightwing/republican slant to them.If you leave any king of comment on goodspeed's vid's he'll ban you try it and see

[radicalsam]

I've read Jeff Rense for about 9 years and i've noticed something,They have become and are becoming more and more right wing.

If you don't think so,Go to his web sight right now.Their are 65 stories(just on front page) on Obama,ALL are negative. Their are 25 on Palin 24 are positive or paint Palin as a victim of either the main stream media or the democratic party.Their is 1 story on McCain! Does'nt it seem strange that rense is giving McCain a pass just like the M.S.M. Write him and ask why?

[sevic333]

Too many bad Jews/Zionists in todays world. They love money, gold and above all control. That's why Jesus was born a Jew, so as to convert them, and save the world from future Jewish Statanism. In the past some evil Jews escaped the wrath of God when Moses threw down the ten Commandments of stone. And so the result of these few infected Jews is seen in todays real world. Thank god for Russia...it's pay back time!!

[bethsteele10]

Jeff Rense is on the payroll of those "bad Zionist Jews" you refer to. I'm afraid to inform you, Rense is a phony. Look on his site and see if you can find one negative story about their McCain puppet. All this bullshit about his site being attacked is to fool the visitors to his site into believing he is really an advocate for the People and against the Imperialist mobsters. Ha. lol. Hasn't fooled this one.

[humanswin]

I noticed it too,article after article slamming Obama.Maybe one in a month even mentioning mccain.Then they had the palin splash where she is an angel up for a week.Haha,what a load...Yes ,he leaves the rense under attack on top then some videos saying what it means-Total Psy-op.

[humanswin]

What pisses me off is rense links made up bigfoot vids..WHEN I HAVE REAL REPTOID FOSSILS ON MY VIDS....NOT TO MENTION BUSH SHAPESHIFTING -(3/4 millioin views,didnt need help,though I sent it to rense!)...and sky serpents up close...total bullshit,people have sent him my vids...he not that stupid,anyone can see its real...but thats why I had 200 more subs since I put it out 6 weeks ago,people know real,so rense is an idiot or supressing real info over fake

[drsnk]

Put it on Cryptomundo or talk to John Rhodes about it. Rense is a good guy, you shouldn't attack the man.

[humanswin]

Yeah sorry to vent,rense is still one of the best news site.Thanks.

[gthbf]

You can't prove its real. That is just your opinion

[bethsteele10]

Rense is a phony. He is supposed to be against the Zionist imperialists. Ha! Why then won't you find a single post or article on his site attacking John McCain??? Am I to believe that John McCain is not in the pocket of the imperialists????

[greg12145]

@humanswin Rense is such an obvious fraud - he's laughable... he pretty much tells you in the inflections in his voice, what he's really doing!

[markmarshall39]

get ready for 10000, we got a bad year ahead of us.

[tctomcat]

ur all suckers

[HoneyRoasted7]

The Dow is down 130 points!

LMFAO!!!

[whaler3232]

riseupagainstit: This is part of the plan of lowering the value of the US dollar, and through the inflationary causes of manipulated high oil prices and the orchestrated 'credit crisis' will cause an economic 'crash'. The solution, to the problem: The NAU and the AMERO. This is all going as planned. Sorry about your country.

[CAJUNNSC]

whaker3232 I hate to admit but you have a very insightful idea there. it may not be a complete plan but it is in the end where this could all end up. The One World Order if you like. One currence and well I don't think the US will control it as they may have hoped they would so it may be less likely due to this fact alone. We'll see!

[pk525]

Everything you say is right on, but I'll go a step further and say that this whole oil bullshit is to rip off the public, because we don't need an drop of it. Free energy technology exists, and have existed for over 50 years. It's just been withheld so they can buy another ferrari and expand their mansion while the rest of us has to figure out how to pay for fuel and food.

[drsnk]

PK - Just lowering the speed limit to 55 and removing the diesel tax would do a hell of a lot to reduce consumption. My idea is that with all the new diesels coming out, people would switch if diesel were less than gas. It's already 30% more efficient that gas.

[makrabman]

well said man ,the rich are just feeding us crap because they hold the cards as they killed uor granfathers in their wars,i ask myself why do people not just down tools and refuse to play the game anymore ,silent protest would bring them to their knees,all the bickering just fuels the engine off destruction

[1tonykirk]

This makes Las Vegas look like the legitimate bet.

Sleight of hand is what the Wall Street Bankers and the Foreign

Bankers that own ur Federal Reserve are all about.

The Bilderberg's are meeting in Chantilly, Va , June 5-9th.

March on DC,.... July 12th. Dress clean, No riff-raff......... for the MSM to distort on Nat'l 'News'!

[TheArmoredPanther]

We're so screwed. If everything collapses, I know what I will do and who I'll take it out on.

[jingling30]

I know someone that sold a pineapple plantation in hawaii to the dole company. They took that money and put it in hedge funds and the stock market. They have lost most of it. It's like everyone says (if you have a brain) the true rich are the bankers... those guys that print the money and use fractional lending to make huge profit.

[dstad]

"Craps" I loose.

That's the Stock Market.

"22" I loose.

That's the Stock Market.

"Double up"

OK, I'm half in a hole. Time to cash out.

That's the Stock Market.

I understand it all now.

[gabriellesunheart]

very good! Now come watch my fun travels!

[cid420cid420]

hang the government and ceo's and we start over

[jeffsst]

destoy all large volume coorperations to than and every big banker on earth. lets throw them on the bbq! :)

[tails22x]

I don't understand how people could ever see the stock market as a long term profitable investment by easy means at all. In 2000 or so the dow was 11,700 then spiked down to like 8000 and below over the next few years. Recently it came back in 2007 at 12,500 but if you had invested back in 2000 you only made 800 points of profit. And still it dosen't do any good since the investments now are a hell of alot more expensive then the ones in 2000. In short it just created an illusion of profit.

[DOLLARCRASH1984]

the housing bubble/bust is just a part of the credit expansion bubble/bust.

[1tonykirk]

DOLLARCRASH1984; not accurate. Eliot Spitzer is not a nice guy, but he did his job exceedingly well. Two weeks before he was outed, he spoke to a Washington Post Reporter. Published the next day. Spitzer said that the deregulation promoted by GW is what lifted the barriers that separated Commercial banks from Investment banks . This fomented the Sub-Prime debacle. It's not as if GW didn't understand the consequences, his grandfather Prescott Bush did this as a US Senator from Conn in 1929.

[smithintexas]

Who was that foolish president who took us off the gold standard? I find it funny (not as comedy, but as in, oh shit!),

that the worse things get for the working man, the better is gets for the Wal-Street, banking, CEO types. I guess if I made 250 million last year, I wouldn't give a rats ass about $4.00/gallon Arab gold.

The real question is, when are regular hard working Americans going to say "enough", secure our borders, hang half the members of congress, and fix this liberal shit?

[drsnk]

It was Nixon who took us off the gold standard. In reality it was the bankers who ordered him to do it though. They run the country, not the presidents. One in particular whose name starts with a ROCK and ends with a FELLER.

[rickrocker]

Thanks, Greenspan! You Fucked Us All!

[hudsoncar]

Stock Market game has always been a joke, it

is never a sign of the health of the economy.

[Holysmoke2007]

Only to sustain the space legacy and the f'ing war. Only miserables f'ing do this!

[anutter14ever]

i still cant believe jeff rense did that cameo on the martin lawrence show just type in bob from marketing its hilarious !

[drsnk]

You actually made me look. LOL

[retroact1ve]

We need to get our country back out of the grips of facism that if not checked will stake it's claim on our country and other countries.

[retroact1ve]

of homeland security, perpetuated black op's organizations..etc..etc.. There are so very many important issues that threaten to destroy our country (in favor of a north american union) and you are sitting here talking about racism when that is the very least of our worries (as a country as a whole) because it isn't a motivation behind the movement that is going on.

[retroact1ve]

These days the media and those in control of our government is now using Religion,Gender,Race,party lines to divide people up to keep them away from the important issues like sound money/raising the value of our currency, ending personal income tax, complete money reform, ending the war on terror, ending organizations that we never needed and still dont need like the dept.

[zekeandcharlie]

I agree. Psychology 101: how do you keep people from gaining power? Keep them fighting amongst themselves....race, religion, gender, etc. Sad, really, how people don't see how they're being manipulated.

[scober2003]

Thanks for your comment. Another way to keep people mindless is to keep feeding them "news" about Brittany, Lindsay, Paris and all the other meaningless crap our news media focuses on instead of discussing the "real" issues!

[retroact1ve]

Now racist opportunists will obviously join in the mix on that issue as it gives them an outlet for their propaganda just like it the war and threats (real or imagined) give Fox fodder for it's pro-war propaganda. It is just a matter of seperating reality from bullshit. Claiming that whatever movement is going on is fueled by racism is bullshit and it is just another way for other opportunists to try and divide the population of America on what is going on.

[retroact1ve]

Yeah someone with an account created 8 days ago is real reputable buddy. You can fling labels like racists,prejudiced around all you want and it doesn't really matter. You act like the small minority of people who are racist are a big part of what is going when it is not at all. Most of what everyone is talking against is illegal immigration, which is a very real thing that our country should be focused on.

[ElChuco77]

Hey thanks for proving that many racists are joining and ruining this noble movement. If the leaders in this movement don't stop this, the movement will be casted off. Too bad you fellows can't restrain your impulses. Congratualations you tube throws me out because I defend Mexicans against racists and allows the racists to continue.

[isgoodno]

Jeff Rense is a fucking idiot. I hate how he keeps saying "uh huh.." or "wow" or "huh" during the interviews.

What a retard. I can't listen to this slack jawed drooling dickhead.

[drsnk]

You don't know great talk radio when you hear it. What do you think of as being good talk radio then?

[isgoodno]

I enjoy the "long form" talk radio format as Rense, Art Bell, and others use. At least it's not 30 second sound bites as you hear on TV. However, the host needs to possess strong interviewing skills to keep intelligent listeners. The ability of the guest to be eloquent and articulate certainly helps, and Peter Schiff is good. But very soon, Rense's bad radio habits begin to gnaw on you. All of these people are spin-offs of the Master - Art Bell.

[isgoodno]

But he's had his limelight and was another era. No one (yet) has stepped up with good content and good interview skills for the radio audience. The internet is killing radio anyway - for good or bad.

[drsnk]

I agree with you on Art Bell, he is the master of talk radio. Jeff is more casual but he is no dummy. He's highly informed on a wide variety of subjects. The guests are very good too.

[esuoheci78]

i have a good idea that Bob From Marketing might know even more ....

[JoeShmoe65]

I'm one of the poorer people that this guy is talking about due to the crappy Federal Reserve BANK. After 6 years of investing the full amount in a Roth IRA, I have more dollars, but the total value of those dollars is less than the full amount that I put into the investment in yesterday's dollars.(6 years ago) :(

[dhoot18]

DOW??? explain

[Dionysius9]

See google videos "Money as Debt" "Monopoly Men" "The Money Masters" "America, Freedom to Fascism" and "Zeitgeist" to get an understanding of this chess game from the other side of the table.

[Khalil86]

My god I just saw Zeitgeist, probably was the most amazing docu. I've seen!!

[WizardKing78]

This show aired on May 3rd 2007. Things have gotten much worse since then!

[drsnk]

Wow what a surge in views!

[apolloscam]

Sir Rupert Murdoch Australian Knight of the British Empire, and his Communist Chinese wife Deng Wen Di (aka Wendi Deng) bought Dow Jones and Wall Street Journal in 2007. Deng married Murdoch in 1999, and they live in Bejing China. Commie Manifesto forbids ownership of private property and requires govt control of communications. All Fox News talking heads must be arrested for treason and waterboarded to death at Gitmo.

[apolloscam]

Sir Rupert Murdoch Australian Knight of the British Empire, and his Communist Chinese wife Deng Wen Di (aka Wendi Deng) bought Dow Jones and Wall Street Journal in 2007. Deng married Murdoch in 1999, and they live in Bejing China. Commie Manifesto forbids ownership of private property and requires govt control of communications. All Fox News talking heads must be arrested for treason and waterboarded to death at Gitmo.

[Newclearson]

Buy Gold now and some silver...it's still just starting...for the last 6 years now

the big gains are yet to be made

[sh200kr]

great advise!

[citizenkong]

An economy based on financial institutions, rather than goods and services is doomed.

[sirbadman]

The Dow was always a misleading index. The companies that comprise the Dow change too much. You have to use the S&P 500 to get a real idea of the state of the US economy.

[billsmithishere]

Look dumbos, there is no place for retirement funds, private investors, and all others to put their money. Interest rates suck, CDs dont pay shit, and the real money is flocking to the stock market, simple as that. Rense is wrong, inflation is not a factor...even a gallon of gas is still a bargain compared to salaries over the past 20 years, do the math

!!

[nezpercenathan]

Not sure what you mean about gas vs. salary, I make less ACTUAL dollars today than 20 years ago, I don't mean indexed dollars, but ACTUAL dollars, so unless gas has gone down in price, I am paying a higher % of my income for it.

[Newclearson]

yeah a gallon of gas in the 60s was like 15 to 29 cents...DO THA MATH!

[drsnk]

Yes, even adjusted for inflation we have recently surpassed the highest gasoline prices of all time. It's only going to get worse.

[nhojsenoj]

rofl, inflation is a HUGE factor

the fed is madly debasing the currency to satisfy deficit spending, 'liquidity' issues of their member banks, and open market operations. foreign investment is drying up, as no one want to be holding USDs.

there are safe havens like commodities, and nonUSD investments (not heavily attached to US consumer spending), that is where the 'real' money is flowing.

billsmith, try learning basic economic principles before doing math you don't understand

[nhbright]

When was this? Jeff is not on Talk Radio Network.

[drsnk]

I used an old picture. This was on in May 2007.

[L2design]

CASH OUT YOUR 401ks--BUY GOLD/SILVER

[theohaigy]

There is an upside to all this! I'm British and when I was in the US, my £'s enabled me to drop $100 in Walmart without even blinking!

[snocamo]

I guess we'll know within six weeks if the market is in a correction or a downward crash. Wonder what the signs will be if the market is really crashing and not simply correcting?

[TYX91101]

If the Federal Reserve cuts interest rates, and the market continues sinking, the Wall Street crowd will panic. Keep in mind that a rate cut will probably crash the bond market, so it may not happen this time.

[snocamo]

Somebody is hoping it crashes and before September 21, 2007 (put expiration date). Google the words "Bin Laden trade put". Someone invested millions of dollars in puts on the SPY and SPX. Pay out is 4.5 BILLION DOLLARS. They have to pay up regardless if the market crashes or not.

[drsnk]

The web bots say September 19th will be a day to remember.

[snocamo]

With the thousands of put contracts expiring on September 21st, whoever bought them will be sitting pretty while we'll have to look out for bankers and investors jumping out the windows. Hints of a 1929 Great Depression on the horizon with the continuing bad news from Wall Street.

[drsnk]

I just read about the trade put on Live Leak. Wow hold on to your hats because September looks like a wild ride and October is historically bad for Wall Street.

[bowcatz]

Alex Jones (inforwars. com) has picked up the story now. According to his website, a former CIA director was the one who bought the airline puts back in 2001 right before 9/11. They made 50 million dollars off the puts and calls. This time, someone will make 4.5 billion dollars. Oh, dear God, please don't let it be nuclear war. Yeah, I'm scared, guys.

[bowcatz]

Oops. It's infowars. com and not infoRwars. Apologies sent out.

[drsnk]

Don't be scared, that's what they want. Inform yourself on what to do. Have a few weeks of food and a water purifier. Some pottassium iodate, if you're really worried. Radiation is only lethal for a few days. Six inches of steel stops 99% of it.

[pgadeb]

My 401K has been heavily invested in international funds for the last 5 years and has been doing very well. I've also been trying to accelerate paying down my mortgage, shaving approx.5 years off my 30 yr. loan, with monthy extra principal payments. I'm racing toward the finish line...!Car is paid off and I'm not getting a new one just to keep up with the neighbors. It's good for another 100k miles.

[drsnk]

I commend you for your discipline. I too have a similar plan in place. The economic poo poo is really hitting the fan right now.

[skylimitone]

I'm very worried, no wonder there are more and more European tourists shopping in NYC.

[lennyfest]

anybody that is thinking of buying a home now is a fool,, home prices will decline 30% over the next 18 months ,, watch and see ,, buckle up people ,,

[bbruhwiler8]

If you look at the long term charts, the spike in the Dow jones to 13000 is steep and tall. The Dow Jones should be between 3000 and 4000 and that is where it is headed. The Federal Reserve (a private bank working for its own proftis) will tighten the money supply, thus crashing the Dow Jones.

[drsnk]

Yes they are hiding the M3 numbers from us for that reason.

[armcrash]

"We're living on Planet Leverage" - WSJ LOL

[Raphael618]

Peter Schiff is correct. Buy Gold and silver dont be a fool, save money in gold and silver. Dollar = bad investment

[Alucia1]

greatrecession blogspot com Track it monthly as the GD2 unfolds.

[mdrnscrt]

When will housing fall though?

[drsnk]

Housing has taken some hits but as far as a nationwide collapse, who knows.

[mdrnscrt]

Peter said 2007. Housing has lost steam, but I have yet to see any plunge.

[drsnk]

Hmmm... I am not sure. One big reason for this is inflation. Correct me if I'm wrong but they no longer disclose the money supply numbers and it was amazing that after they cut off the info to the public about money supply, (I think it's called M3) in March 2006, The Dow Jones soared afterward. It's Schiff's contention that overall the Dow rose because of dollar devaluation. That would affect all the groups you spoke of.

[glazballs]

Yep yep yep...now do the same analysis from 2002-2007 or 1960-2007. Only true to those who began investing in the dow at 2000, but those who started in 2002, 1960 or after the crash in the 80's and the picture is different.  Dont be fooled.

[sillypeople5]

Does this have anything to do with changing to the "Amero"?

[drsnk]

Yes, it's the crashing of the Dollar in order to cause a panic and have the people accept a North American currency, the Amero you spoke of. That's what I hear anyway.

[Wiseinvestor777]

the news will never cover this until the crisis. The question is how to profit from the collapse.

[drsnk]

In the rest of this interview Schiff says to buy foreign curreny and then re-invest once the national fire sale begins. That's one strategy.

[sillypeople5]

I dont get this? Do we buy foreign currency or some of the other things he is saying?

[drsnk]

Yeah, look him up on google, he has a website for his company.

[john67elco]

Peter Schiff was only one of the few that saw any problems in economy andhousing while everyone was and is drinking the kool aid. Great video

[drsnk]

The LaRouche people have been saying this also. Thanks for the comment.

[mrfunnybunny]

well, its pretty obvious. The US dollar is almost 1/2 in value compared to the Euro when it was the opposite 7 years ago.

[drsnk]

When you tune in the financial programs here in America, especially on FOX, they are having orgasms over this DOW JONES 13,000 fraud. I onced heard a guy on FOX say oil wasn't important to our economy becuase it only comprised a small percentage of it. LOL

[FartHammer83]

This is frightening.