Dollar getting terminated - By Deflation or Inflation

[fifthavenuegirl]

Wait a minute....Is that ARNOLD SCHWARZENEGGER??? LOL

[fodonga]

so ...one question ,,,when do you think is going to happen with the total collapse?

[TheSandG]

Just discovered your channel. I like the fresh perspective. Keep it up!

[michaelclarke18]

I think the paper gold market will come under increasing stress due to lack of trust in paper based assets and some gold dealers will go down. But I think the physical market will do okay.

[AntiVenomFangX]

@michaelclarke18

i dont understand

[bpretoria]

great Video-many thanks

[orthotox]

Verrry interesting, Herr Doctor!

[XeonProductions]

This guy might have a strong accent, but he knows what he's talking about. This dollar collapse and new government has been in the works for a while.

[jberni1]

I have an accent?

;-)

[rubinhood1]

@jberni1

Interestingly you posted this video 1 day before the USD recently topped! In this case, your video was a good contrarian indicator.

Seriously, you should consider taking a look at Elliott waves. That method is not the best for timing, but it lets you make good long term predictions.

[singlaprety12]

@jberni1 YES!!!!!!!

[AntiVenomFangX]

@XeonProductions

why wouldn't it be in the works?

[NCZeitgeistMovement]

Join the Venus Project, not the EU.

If you join the EU your Resource Based Economy will become like America, a consumer economy.

You have the perfect set of circumstances to enrich the world and humanity.

[Eddiehappens]

"short squeeze in the dollar in the end of november dezember^^" like you said ^^....

mach weiter so 5 punkte!

[videoman1970]

Interesting!

[Info4People]

keine coffee break, sondern Zeit fürs Bett :)... hab den Clip trotzdem "genossen"... Danke.

[HateAllNazis]

o Israel has killed Americans (eg. Sailors on USS Liberty, Rachel Corrie, etc...)

o Israel spies on this country (eg. Pollard, Kadish, AIPAC, etc...)

o Israel bought our politicians with our taxes.

o Israel steals our taxes, hence their higher income.

o Israel uses our country as their toilet.

Want more? Checkout my playlist.

Please share this post with others, and demand that your Senator and/or Representative uphold the laws when it comes to Israel's heinous crimes. Peace!

[benutzer29915022]

LOL You are anti semitic!

[fox20012]

damn it, you made me want coffee, BRB

[mademedoit]

"dont share this video too much." I loled. Then dont upload it on youtube. But I guess he is just too altruistic not to...

[comedytracker]

I don't know what to do I think my family will die.

[Zeldovich]

His analysis, if youo wanna call it that, is so far off it's not even funny.

[kingmaxim187]

its good that the dollar is that low it makes it easy to invest money in the us.

[partyhouse88]

So he is saying as the stock market goes down, the price of gold will go down???

[mademedoit]

@partyhouse88 the price of gold will go down in the beginning because when people need money they usually dont want to sell with a deficit. So they sell their gold. But gold will never crash, it was allways and will allways be a means of payment and allways had more or less the same real value/buying power.

[SirFlamealot]

what a faggot

his english sucks hard

[Moschenbilbo]

Hey fucktard, guess what!!! Hes German and he is talking your language...Are you able to speek German?? So shut the fuck up and start thinking!

[DeutscheFreiheit1]

Haha, SirFlamealot, you suck een harder you idiot

[jsmythib]

the whole thing has been like a slow motion train wreck...

[FatGermanBastard]

What is going to come after the US Dollar ? From all I have heard they are planning to introduce a new currency now...

[SewEyeSea]

The IMF has the SDR or "Special Drawing Right" which is a defacto Global Currency. But it's only based on a basket of other currencies. The problem is that there is no gold standard ANYWHERE in the world. Essentially, ALL paper money has no value beyond a "promise to pay".... and that promise is increasingly turning out to be a lie. I think we are in for a very ugly future.

[FatGermanBastard]

On the other hand the Gold standard has been proven not to be fail safe in 1929. Instead of printing money they will just print Gold certificates and back up money with certificates. Same game.

[SewEyeSea]

Coffee?  I think this news requires beer...

[jsmythib]

tequila..lots of it :)

[Solitas777]

Thanks for another great video. I just lost my job but thanks to people like you I have accumulated cash and precious metal reserves. I wish everyone luck in the hard times to come.

[volcoom4]

JUST WATCH KYMATICA AND THE ESOTORIC AGENDA. all will be clear.

-regards.

[BLynchCAN]

goot far

[millersxtremedepot]

closecombattraining(dot)com

[LiiiebeeSexi91]

jem mit mir chattn hab auch bilder so langweilig zur zeit

[vichai2500]

I followed your Vids for many time.

I m not sure that the collapse of the dollars will lead to the collapse of all fiat currencies.

When the reserves were wiped out,which one can escape?

[vociti]

Even if all the fiat currencies were to be wiped out, I'm sure another one will be put in to action. Can we get away from fiat all together, that's the question.

[Zoklor]

i dont think so, there are probably to many people in the world to have real resources as a currency.

[chaseef]

its possible, but gold would have to go to something like $50 000/oz and silver to $10 000/oz

Copper makes good money too

Admittedly there would be problems in insitituting a commodity money, but compared to the problems and outright fraud of the current fiat system, i think its very negligable.

[ChrisGilliam39]

Not so, worked fine at $20.67 per ounce for many years. Certainly possible to return to that, though the average wage would then be about $10 per week. Better to start all over with gold backed currency denominated in grams and redeemable at any bank, but it will never happen.

[alalal5]

Is there really hard evidence that there is a collapse?

One can agree on the system as you describe it.

But where is the threshold? Where is the number where

the system bifurcates ? There are other successful predictors who predict a business as usual scenario (at least till 2020).

As for example martin hutchinson in money morning.

Why is he wrong and you are right?

[MrNostradamus2009]

Recently Indian Prime Minister Dr. Manmohan Singh (an economist himself) backed the dollar. He said the American economic model is going through a temporary setback and that as far as he can see there is no substitute for the dollar. Even China has not offloaded any of its $ 2.5 trillion forex reserves which is a sign of their continuing faith in the dollar. So how can we be sure that there is an irreversible downturn in the power of the dollar?

[bluedonkeyman]

Simle, because india wants to buy the imf's other 200 tonnes of gold. They are trying to jawbone the price down so they can save some moola. Anyway, it is not india who is buying it anyway, it is the arabs and this is visible by the fact that numbers show that the oil countries suprisingly becuase india's largest trading partner last month. I dont think they were buying spices.

[jberni1]

India is depending on the US services outsourcing.

A collapse of the Dollar will wipe out India and put it into disaster.

[MrNostradamus2009]

Thaks for your reply. I admire your videos.

I want to know, not as individuals, but as governements, what will be the right strategy for India and China in the situation of a collapse of the dollar in near future? And if these countries too face a disaster, as you say, then is it possible that the emerging economies will continue to trail US and Eurozone for a long time to come?

[jberni1]

One of my professors is "the" consultant to the chinese gvt. So I believe that I should let it to him...as he has better insights.

For India I see the chance in agriciulture, as services will be wiped out.

Much of indias fate depends on 2011-2012. This is mid term and we can not plan for mid term...

[Crimble67]

Vielen Dank Herr Oberst

[Igentenos]

I keep watching and at least I will not be shocked when this takes place.

[huskie767]

the USD may be getting terminated but USD buys more house today and tomorrow than yesterday. Deflation is good thing. Right?

[jberni1]

No, because it destroys jobs !

So no money to maintain the cost you will incure for the house

Remember Michael Jackson ! (Neverland was in debt as he could not pay the tax, etc.)

[thirdcoastguy]

Thank you JB for this update. As always your comments and data are greatly appreciated.

[largo2001]

jberni1, wrong again: Reserve Currency do not collapse.

They will devalue over time the USD...but no collapse.

Talking about collapses, where is my October crash???

[jberni1]

You are unfortunately badly informed. The British pound basically collapsed after WWII and was replaced by the Dollar as reserve currency. Now the Dollar is the first reserve currency, which is not backed by real value....

[largo2001]

jberni1, please explain "basically".

That IS my whole point.

Look at the chart.

AND PLEASE. NO STUPID "MARKET WILL CRASH IN OCTOBER".

that was dumb.

What do you have to say about that?

[lostinthemix]

The Reserve Currency is a FIAT Currency and we all know what happens to a fiat currency don't we???

[toddhawley]

It does when the world declines it's acceptance.

Saudi Arabia turned to the Euro. Bulgaria, Turkey, Greece are declining. More countries to follow.

We are a consumer country. If we can't buy things in USD, what do we use?

China promised for trade only under the condition of a new medium of exchange.

Latest # is a 6-1 exchange rate to the ??Amero or whatever it will be.

[toshibavoodoo]

great

[crissala]

I remember holding confederate money when I was 12 y/o and asking my grandma why I couldn't buy anything with it. She said we lost the war and it wasn't worth nothing. I NEVER trusted paper money after that.

I am truly stunned that you can still "today" take paper money and exchange it for silver or gold. Amazing!

[csabasand]

So basically, the real reason Obama went to China was to beg them to buy up this mega debt... or?

[looseal22]

He went to China to talk to his banker about the over draft.

[jetztisfeierabend]

right now im not drinking coffee but the truth gives my head a big push thats better than coffee. Thanks alot

[tuktukktotam]

Amen jberni Amen

may God accelerate this

you know that in US illegal drug money pumping stock markets , right ? and they force peoples retirement money into this firey bottomless pit

we need real values not fraudulent values

[jberni1]

Many hope for an acceleration. Mises said that this will not happen, as politicians fear the consequences of making better decisions.

[manwap]

thankyou soo much for sharing that information. I will enjoy my cup/pot of coffee tonight at work, while

i try to prepare for my families economic future. We are a 1 income family of 5. We have stocked up on the basic canned goods. So we will have some food if inflation does take off. I have stocked up on small game hunting supplies also.

I will watch this vid a couple more times to make certain that I understand. Enjoy your coffee too jberni1.

[hrosemd]

J,

I know you said that interest rates must rise to rollover the debt, however, it seems that purchasers of the US debt simply ARE NOT demanding this increase in interest.

Better yet, they are actually willing to make even LESS interest and are even willing to lose money to lend to the US gov't.

I am at a loss to explain this.

What makes you think that this is going to change now? It actually seems to be getting worse.

[doobsta]

its an illusion lol..you really think they are buying as much debt as before?

The Fed is covertly buying its own treasuries through all sorts of nefarious , underhanded and deceptive ways.

What you think you are seeing is completely different from what is happening.

[jberni1]

@hrosemd

Now the Fed provides more data on its website. Look at Week of Nov 11 to 19.

500 bio. of Treasury changed hands !

The FED buys all and then lends it or exchanges it to banks (which in money theory generates money)

[toddhawley]

My gut tells me Dec 31-

New Day, New Year, New World

[jberni1]

Holliday season is a critical time...

[toddhawley]

Agreed. That ends in most part on Dec 25

I feel confident in Dec 31, not that I like it, but I wish the misery would end and we can get this on the roll.

I truly can see a tremendous amount of global trade for a starved and deprived world. Dryships is my top pic for 2010-2011

Thank you for all your post!

[patrioteffect]

For a business which is located in the US and in retail sales type business, I have a question;

Is it better to have cash on hand or your cash in inventory going forward?

5 stars Thanks!

[jberni1]

That depends on type of inventory, fixed cost, variable cost and demand in the coming stage of the crisis.

Large retailers will fail, cause their benefit was efficiency in Working capital and supply chain

[patrioteffect]

Let's say the inventory is firearms for example.

[identifythem]

Good information as always Dr. Berninger. Looks like this video is featured at Zerohedge today.

[galikazoid]

thanks very much

[SamuraiCommando]

I have not seen deflation at any level that is proportionally large in comparison to historical pricing or my wages. I went to the mall yesterday and was browsing through Macys. They are definately dumping old inventory and clothing at 40-60% off but you have to have coupons and use for Macys card. And the grocery store is opposite. I was at Costco and they dont even sell the large bags of brown rice anymore, they only sell small ones. Thats my perception of things and pricing.

[looseal22]

Thank you very much for this 'perception'

Things you need are rising in price, things you desire are falling in price. Is this biflation?

[SamuraiCommando]

Hmm never thought of it that way but it seems as though companies can only raise prices on necessities to balance out the losses they are taking on luxuries.

[jberni1]

They will go bust on luxury goods...

[jberni1]

Yes,

that fits in the picture. Large retailers have to sell large quantities, coming from China. Deleveraging caused price declines and will cause many retailers to die.

Food supply will shrink at a rapid rate. THAT is how inflation is generated

[ABETRMAN]

MOST EXCELLENT

FIVE STARS*****x10

PS

Thanks I always enjoy my coffee!

[catdog262]

I would of thought we passed the point of no return a long time ago.

[Mr1openmind]

Agree with your analysis. Not sure why anyone would be happy about it. I see a World War 3 coming. Some children won't give up their toys easily. What am I missing?

[jberni1]

Right. But the only thing to do is to enjoy the day and fight against the obvious conseqences...

[SolarAlchemy]

A gentleman as always Dr. B and thank you for the proprietary information

Anyone interested in further developments please feel free to visit my new channel and leave your opinion of current events. Little by little I hope we can all wake people up to the reality of worthless paper money.

[He101A]

We will have gradual inflation for the next 2-3 years, and the dollar will eventually be inflated out existence. The U.S. cannot increase interest rates or it will sink the economy, but if they leave it at 0% it will lead to more inflation. Low interest rates means no one will buy U.S. treasury bonds and support the dollar. The U.S. is already heavily in debt, and I doubt they can afford to raise interest rates. Artificial housing boom->housing bust->severe recession->currency collapse.

[jberni1]

The grade of Inflation depends much on the capital flight !

[skybirdbird]

time to stock up on MORE food............thanks

[toddhawley]

Indeed!

There is a "new word" being used as well. They call it a "Bug out kit"-

Guess it's something to do with getting the h** out of dodge in the event of a disaster with a prepared stockpile of essentials in the event it's needed.

Regards-

[skybirdbird]

sorry to say this is not new............

[toddhawley]

Damn.

Can you let me know when the 80's are back in ..... I have a whole closet full of "cool", it's just by the time I hear about it, it's "out of style" again......

Regards

[darthmorgen]

Exactly the mentality that put us all in this world of hell to begin with. It's one thing to prepare for a natural disaster like a hurricane, its another to intentionally abandon the society that has supported you for so long. Apparently when the going gets tough the tough... bug out? Mmmk

So go bug out, run for the hills. Enjoy your stockpile. And when society puts itself back together, I suppose you'll be coming back?

Can't wait

[pinkfloydmoon]

Thank you

[jfcrow1]

But by not supporting the Banks they still HAVE TO support Banks through FDIC. So the Government Looses Regardless. Collapse Eminant.

[chena3]

hey

who put a parsnip

in my coffee cup ..

[skyding8962]

LOL I love your comments

[fishingthewatershed]

Thank you for sharing your work with us Doc.

[cbr6864]

this economy makes no sense jobloss high, wages low, gold sky high, rents up, dow up, oil up who knows what is to come?

[skybirdbird]

abject poverty for many.....see argentina economic collapse.........

[powergirl901]

The Peso collapse was 8 years ago, and since then the country has fared very well...that is compared to itself, not Germany or the US. I have lived in Argentina for two years, and they easily sell the most expensive items to residents here.

Now if only the US would let it's problems collapse, then recovery would really be possible.

[skybirdbird]

you are correct........let it fall.....no bank bailouts (rip offs) no tarp, no stimulus......let it fall...i agree, but our gov is not done squeezing us yet....and do not forget cap & trade, the copenhagen treaty....we are in for a long, hard haul.....

[GlobVetus]

Thank you ..

[hugolp]

The USA goverment are the banks. So they are not going to let themselves go down. The USA goverment is going to continue printing as much as they need, saving the banks and hurting the productive economy.

There is going to be massive inflation in terms of dollar and deflation in terms of gold.

[jberni1]

I believe in 2010 support for many banks will drop

[powergirl901]

The US can't raise interest rates...it will kill new business, and they can't print money because the inflation will cause revolution in the streets. My guess is that they will default on some instruments, then try "refinancing" whatever that may be.

[reptarman7]

They are printing money but trying to do it slowly like boiling a frog in a pot. They will never default on the debt because it is in their own currency. Imagine that corporations are in control of the government and that all government actions are for their benefit. They are playing a very dangerous game.

[MengersDisciple]

Shoulda just let them fail... back in 1994 (Peso crisis)... or back in 1998 (LTCM fiasco)... or 2008 (Bear Stearns hijack)... now look what we have...

Good coffee nonetheless!

[dadcamp]

Thanks again for sharing.

[edmack4me]

Paper gold & silver is trash and time will prove it.

[hugolp]

I agree, Only phisical gold and silver is safe.

[buzizzy]

Thank you for showing the proprietary chart! Very interesting work.

[anamericanstory]

The Germans are really smart!!! Hair looks GREAT!

[looseal22]

Nice looking too :-}

[debtruth1]

great update....thank you!

herbal tea here... :)

[wepollock]

Agreed we are at crisis point...

[looseal22]

I kept thinking about your previous video on that. Its more anxiety producing when I realize that more than one true expert is coming to the same conclusion independent of the others. I thank you both for sharing your honesty so freely.

[PressForFreedom]

Coffee is very good thanks!

[aw3212]

at what point, even withrapidly rising interest rates, will there be no more buyers? Is that going to be the point of total collapse or somethiong else?

[looseal22]

No buyers, as in no buyers of treasuries?

[aw3212]

yes

[toddhawley]

Most people dont know this, but the Treasury knew as far back as 2006 the "exact" month of it's bankruptcy. It was June of 2009.

The entire year had a problem in selling treasuries. The Federal Reserve themselves were forced to go into their rich pockets for the purchasing. This has never occured before and is very odd to give you an idea of how we have been dangling by a thread.

[143DREWID]

Coffee was great!

jberni1 video even better. Thank you.

[GovWillKillU]

they can hide behind asset inflation as long as the dollar drops. i think your right that the dollar will drop because it benefits everyone: asset holders, the US government, and debt holders. it also provides an illusion of wealth for the middle classes, as they watch their stock holdings going up, even as the dollar collapses.

[JimGraham1973]

Men can acquire knowledge, but not wisdom. Some of the greatest fools ever known were learned men. Spanish Proverb

Washington is full of fools....

[GovWillKillU]

true, but who is to judge those learned men, in their folly.

[PrepNow]

"Intelligence is proud it knows so much, wisdom is humble it knows so little."

From the Bible about intellectual pride:

"They are always learning but never able to perceive the truth."

[GovWillKillU]

reminds me of Saw...

"make your choice"

[GovWillKillU]

we're looking at 0% interest rates and a latent deluge of hoarded cash by the banks, and the small inflationary trend we're seeing in assets now (stocks, gold up) means a percentage of what cash is on the sidelines entering assets is used to hedge the hoarded dollars, yet there are still trillions of dollars in reserves waiting to enter the markets. this means the threat of hyperinflation held by the banks will continue, yet we may see manipulation for awhile as they enjoy their market leverage.

[roughcutone2]

I wish they "pull the pin" on the economy and let it crash already.

[InkedXyz]

Thank you Sir for the information, it is very helpful. Prepare folks, something wicked is coming soon....

[lostinthemix]

Danke JB

[davdjr1]

Great Video!

[Lockemeister]

so what should I do to preserve wealth as a US citizen? I am a complete novice in this. DO I take money out of the bank and buy stocks or gold or do something else entirely?

[lostinthemix]

Stay far away from stocks!!! gold is good but silver is better, it'll be easier to use when the dollar is gone, pre '64 coins are best but the most important thing to do right now is stock up on food and water then silver oh one more thing, i forgot the most important metal to get and that is LEAD and lots of it.

[GovWillKillU]

hard to say. you will need to extreme hedge going forward. that means betting both ways, where one is up, the other goes down. now an excellent hedge strategy is physical metals and physical dollars. if metals crash, dollars can buy more of them. if metals go up, they preserve the lost dollar purchasing power, imo. either way, the banks are in trouble, because people are walking away from underwater mortgages; keep only household operations funds in bank, rest out.

[jberni1]

Only buy what u understand and control

[GovWillKillU]

long commodites short dollar is back in town

[GovWillKillU]

but dollar will float because it has become the mother of all asset hedges.

[toddhawley]

6-1 exchange rate possible on the new currency at present.

The banks have already been updated nationwide about 5 weeks ago.

[fal2grace]

Ron Paul and Rick Santelli on CNBC talking about the dollar is toast. watch?v=Q1Ji2ZQr_yg

[fal2grace]

Thank you Dr. Berninger. Burning dollars for entertainment. roft!

[winbri5]

Thanks Doctor, I did enjoy my coffee while watching your video. So now we have it the point of no return, will the next stimulus give us time and kick the can down the road? Or it will happen anyway, and they are too stupid to figure out that they can do nothing.. Thanks, as usual a very good video and I appreciate that I can get my information from a very nice helpful person across the pond and not much on my US mainstream media. There are still people here who think Obama will fix it!

[CTOL1]

Thank you Sir

[LysSpooner]

I wonder in the cash component of my portfolio if some paper currency in hand will have any advantage over digits in a bank? thank you

[foolcow1976]

That's very doubtful, but you might try holding nickels instead of paper. They will be worth something even if the dollar becomes worthless.

[jamiedore]

Thank you very much.

[dimaniak]

is this dude somehow connected to Rogers, Faber, Schiff and austrian economics? He sounds similar.

[llothar68]

He's connected with reality.

That makes him a reality conspiracy theorist.

[foolcow1976]

I don't think he's connected with them, but he's intelligent, observant, and reasonable. This naturally leads him to the same conclusions.

[managarm1349]

could someone explain what the heck a negative-inflation/deflation is supposed to be

[681observer]

i keep on hearing people talk about the gold bubble, and that gold is gonna go down in price...lol,are these people in for a shock. cash is trash. great and informed vid. be nice if more people would video there thoughts. gonna be two types of people. pp with gold and silver, and the hungry...lol. i live in the uk, and theres nothing in the media about the serousness of whats going on.

[Repomex01]

Funny how no body ever said it was a housing bubble because they luved the free atm

[jonah70757]

Point of no return for the criminals running the Fed and Goldman sachs.

[llothar68]

Well maybe when this criminals escaped to Paraguay they will reach a "point of no return".

They are preparing themself (read about the large land the Bush family and others bought there).

[kent6608]

Are the uS going to change the intrest rates, and how will the rest of the world follow. I live in Sweden. Is it time to change for long time intrest rates????

[jberni1]

The US will have to follow the rest of the world in changing rates

[managarm1349]

the fed has already anounced to keep interest rates low atleast til 2012

[uncertaintyprinciple]

With rising gold price even the Fed will presumably be forced to increase the interest rate. Otherwise they will find nobody who buys T-bills. What is the word of a notorious liar worth?

[jonah70757]

A Dollar? LOL

[jberni1]

Yea..."A Dollar"

Jus keep in mind that A kleenex paper is around 0.02 cent

[stellaconcepts]

thanks for the vid.

how does a eurzone bank run mean dollar short squeeze? is it because these banks still hold majority USD?