Economic Collapse Update (June 22, 2009)

[Janusha]

this guy hurts my brain

[m6996j]

becareful econo that bull behind you looks horny. peace  mik

[indiasucksalways]

Too many stupid guest workers destroying the economy. Check out Wired's article Recipe for Disaster: The Formula That Killed Wall Street. The formula was written BY A CHINESE IMMIGRANT.

[dave777blaster]

Americans will do nothing until they are destitute and it's too late to do anything.

stolen elections they did nothing

raped for 13 trillion $ they did nothing

criminal govt for 50 years they did nothing

they can't wait for Americans to riot they want an excuse to kill as many Americans as possible.

70% of Americans will eventually be redundant useless eaters !

riots will come and Americans will be buried

and eventually the rest of America will be stacked and packed like sardines.

[lexyota]

In your dreams bitch!!! We aint goin NOWHERE!!!!!!!!

[Cordero787]

I hate those greedy, apathetic American scum, why couldn't Canada have colonized us instead, lol!!!!

[dave777blaster]

they can never allow America to remain intact

for the 1 world govt will never be challenged.

What you see in America today

the Canadian laws being implemented to level

the playing field in preparation for the North American Union.

EVERYTHING has been sold out from under the American People

eventually the US military will be transferred to the UN. Americans are to be stacked and packed .

gun law,Vat,health care tax,property rights,Cap and trade.

your taxes are going up big time.

[bigollameo]

If you're a madman, then that totally made sense... naw, even a madman would still see this bullshit and say, "Oh man, pure idiocy! Even I'm not that fucking crazy."

[kjack5]

There were actually three stimulus packages,- all for around 700 billion. The banks played a shell game with the three -two of the three 700 billion dollar packages went to help the Rothschilds, who are the main force which is creating the 'one world monopoly money order'.

The Rothschilds were the ones who funded both the railroads and the oil markets back in the 1800's and they were the owners of all the major oil companies and they still are today.

[chatsworth777]

It's great that so many people are trying to warn their fellow wage slaves. GOV spending makes no sense at all, even considering the Keynesian mandates. GOV spending DOES make perfect sense if GOV wants to crash the dollar,, declare force majeure and default on bond obligations. The West will yank the rug out from under the East. It's perfectly logical from that point of view. It is expected that there will be a bank holiday [end] Aug / [beg]Sept. Why do you think that the police were federal

[FarahWonderland7]

Was just wondering where you heard about the bank holiday in late Aug/early Sept. I heard something about it a few weeks ago and then nothing more. I'm on the lookout for it. How did you come to this?

[dave777blaster]

100,000 Americans the richest and most educated are leaving USA for good each and every year.

what will be left? a third world cesspool ?

[jaingxu]

Great video.

[RenegadeTimes]

Many people I have talked to actually think this recession mess is over. It seems like pure common sense that with the nothing backed printed money filtering into the world that the biggest hit is yet to blast us. It amazes me how out of touch with reality people seem to be. I bought some products yesterday and a few of them actually increased by a $1. That's a substantial rise . You don't need a PHD to figure out the repercussions of what the fed , wall st. and the central banks have done !

[drewd1987]

Gerald Celente is right. Prepare.

[deliaisth]

gtre

[keniacristinados9]

bbbbb

[slobomotion]

Watch for precious metals to get hammered in the near term. Sell all and rebuy within 30 days.

[endlessmountain]

I dont sell my real silver at this moment, but look to buy more when they keep doing this. I hope they got another few more months of keeping these metals lower. They should love us people whom like to prepare on silver.

The paper game like GLD is not gold, its a casino code that is influenced by what the Elites say the price of gold is worth. If you like to gamble, then it can be fun.

Life has always been a gamble to me (a calculated gamble)

[Ubookz]

Where is a good place to buy 1oz silver rounds and old silver dimes in Canada? I live in BC.

I just wonder how safe is the canadian dollar, if the us dollar inflates? Evan a commodity like a house is better than fiat currency in unstable times; i enjoy ur vids although the market analysis is a bit much for me

[endlessmountain]

Watch whichever ones you want or what can help.

Not every video is for everyone.

I buy silver dimes from a local person for $1 per dime and I ended up buying the bullion coins from Scotia in 2008.

[DillonX]

When you get in a mess - spilling cereal on the floor or hoping into a marriage or whatever - it usually takes you longer to get out of the mess than it did to make the mess.

Bush got us in a huge economic mess over the last 8 years, we can't expect Barack to get us out of this mess in 6 months.

[1mealperday]

this fall will create humility, simpler more loving souls who will realize its not THINGS we need, but each other. Thanks for taking the time to reach us.

[clarkewi]

That's the key - ALL the wealth comes from people.

[GaGirlie777]

Thanks for the update.

[CommanderUTube]

Ron Paul makes clear thinking look easy.

He makes it look quite a struggle. But the outcome is just as conclusive that something dire is coming, either because of NIBIRU or otherwise.

Yet we all need to make that decision to ensure we and all those we love have a better chance to survive, if not prosper, NIBIRU or no NIBIRU, and because or in spite of it.

[Stealth0031]

Regarding the Govt saying recovery in July...

They didn't say which July. ;)

Thanks for continuing to provide excellent information/videos.

Best Regards,

William

[Hopefl1]

Asian stocks getting hammered. Looking great out there. HUM???? Keep it up Derek

[Hopefl1]

News has it there was insider trading and now they are leaving. They should call it the Puppets market.

[wolffenhaus]

is that a bear? a black bear?

[DjetGlea]

What if we did a combo between resorce based economy and capitalist economy. One where no one goes homeless or hungrey. Every human should have a Debit card for say 500$ a week for food and shelter. That would give everyone in the world a saftey net and would eliminate alot of the fear. Then If you want to work hard and make additional money for luxury items then so be it. We need to get a outline or organized workable document of this new sytem rippling through mainstream media.

[endlessmountain]

that is a great idea

[CFrostyTheSnowman]

@DjetGlea I disagree with endlessmountain on this one unfortunately. Why do people deserve monthly support without working? Will you be forced to work? You can't take from people producing the food and do nothing and receive monthly money thats just stupid. People need to provide their own food and water and shelter there is no other way.

[Metatronicus]

I better start selling my quater trillion worth of bonds.

[cowboycarl04]

Let me know where you sell yours so I know to go somewhere else with mine...

[scanlonized]

You are correct... I am sick of the zombie bank ponzinomics fraud. Our taxes going to pay for zombie bank bonuses and dividends for share holders is a down right crime. Reminds me of Janice; Freedom is just another word for nothing left to lose.

[BLynchCAN]

"if it was a free market " - Excellent !

The "market" now is not a market! It's just a sign board, a 'bill' board. Yeah, after twelve, watch out. Get her done before noon. It's got up enough now for them to pull out enough value.

[dgmoocher]

...isn't it intersting that we suddenly have "danger" from Korea....and a train crash? Always on the same day our mkts go down. Keep close watch.

[lindabebe835]

Yeah, I guess we should enjoy the summer and every God given day from here on out because what is coming is gonna be ugly. I do think some people do deserve what is coming because we've spent beyond our means. We need to go back to a simpler life without all the material stuff. When we focus on the material we forgot about the spiritual aspect of life.

[CombineEmpire]

I am also a believer of "You reap what you sow". Even though I am not a Chirstian :D

[demensha23]

The USD held it's ground..up +0.60 @ 80.84

Oil is down below 70 USD/barrel @ 67.40

PM's took a hit also.

It all reminds me of Oct. 08

DOW down, oil down, PM's down, USD UP?

[cowboycarl04]

It looks that way. All depends on this week. A record $102 billion in 1 and 2 year bonds selling off this week alone.

If they can't find enough buyers, then we'll see the FED buy it up and the dollar will get hurt.

These moves the past week or two to strengthen the dollar could have been in preparation for this week so that any hits on the dollar means it won't fall too far below 80... I can see that.

[AllahConsciousness]

Great video Derek! The revolution is indeed coming! Pass around the gray! Hoorah for Union Knot Dissolvers!!!!

[Astrocreep69]

It's almost like you're very excited that the market 'tanked' today?

When is the dollar 'collapse' going to take place in your book?

[endlessmountain]

its like saying you are almost excited a certain team won today. In reality there is only two sides. LONG and SHORT. Its a game, a casino game.

Furthermore, in reality the money system is evil and the monetary system needs to die in order to evolve to the resource based economy. Having a market go through a complete crash seems as if it is necessary for that to happen.

When the revolution happens is the collapse i think. It is beginning now, but the massive stuff is late 2009/2010

[DjetGlea]

The current world money system is very flawed and primitive. All it cares about is profits not people. I would love to see a resource based economy put into place. It seems like an almost overwelming task. Do you think all the rich billionairs are just going to give up their wealth for this resorce based economy? Its going to take a bloody revolution for that.

[galikazoid]

the revolts in iran are being spoken of positively by obama/usg...the revolts in usa will be suppressed by martial law...i would bet long on that one

[vinayakaya]

Got out of my dollars... bought land... bought a diesel farm truck, bought lots of seeds, bought bullets... hope I got time to get me a fn fal 308.

[endlessmountain]

great to see you prepared

[lexyota]

All for nothing...STUPID!

[dave777blaster]

Keep buying those toyotas

and wonder why when they come for you

[lexyota]

Nobody is coming for the U.S. youre paranoid!!!

[jazza161080]

you allready lost you country its run by a black kenyan usurper and u done nothing. i suppose most of you are too stupid and ignorant to realize that. whole world is laughing at you pack of fat illiterate morons

[lexyota]

Were ALL in this together, whether you like it or not.

[1984IcameandIstayed]

Ｗｈａｔ　ｃｏｕｎｔｒｉｅｓ　ｄｏ　ｎｏｔ　ｈａｖｅ　ａ　ｆｉａｔ　ｃｕｒｒｅｎｃｙ？　Ｉｆ　ｏｎｅ　ｗａｎｔｓ　ｔｏ　ｇｅｔ　ｏｕｔ　ｏｆ　ｔｈｅ　ｄｏｌｌａｒ　ｉｓ　ｉｔ　ａｄｖｉｓａｂｌｅ　to　buy　non fiat currency ,or is it just best to stay away from paper money of any kind?

[endlessmountain]

thats exactly it, some countries may have more time than others, but time is limited no matter what country you are from.

That is why I do not recommend other currencies and only tangible assets that are going to be used by you, your family/friends and to associates you can trade with.

Food, Water, Metals, Seeds, Equipment, Energy etc.

[YankeeClippa]

Nobody uses a gold standard anymore... that's right .. NOBODY.. Several countries have Commodity backed currencies which certainly would tend to be more stable than the USD or Euro for that matter. Canada, Australia, New Zealand all have commodity backed or redeemable currencies.

[vociti]

Reasons... That's why I have no choice but to believe in Schiff. Until the president or someone from the fed actually has an open interview with Schiff and explains to Peter right on CNN why he's wrong with his facts and logic, you would be stupid to take the word of government. They never have reasons or facts to backup what they do. People who don't know any better just assume the government is doing the right thing. I used to think that. How wrong I was.

[endlessmountain]

I used to think that also.... that is because we are seeing them lose their control.

I was one whom felt bad for G.W. Bush because of 9/11 in the earlier part of his term. Now I look back and see that they used a lot of energy to hide their lies.

It seems they are running out energy to do so :)

[vociti]

Not only are we seeing them lose control, because of the internet, it's increasingly difficult for them to hide BS. I think that's the first part of the revolution. Spreading knowledge. I spend a lot of time telling people about the federal reserve and how they have 0 transparency. They collect so much of our hard earned tax money, they can audit us, but we have no way of auditing them to see exactly where that money goes. And you NEVER hear about that on the news. That's not even conspiracy.

[Libertarianman88]

I think the fed wants the market to drop this week to get people into the treasury auction. Watch next week the green shoots will magically reappear.

[endlessmountain]

It can be manipulated to both sides (up & down) and a 50 point increase would have that 250 point down day seeing the DOW back below 8,000

[Paddy234]

The economy won't collapse, it will probably get worse but an actual collapse is unlikely

[endlessmountain]

why is it unlikely?

[BabybooR33]

omfg lol.... big-foot yeti runs across at 2:56....

[THESERF1]

WTF was that? Had to be a joke.

[BabybooR33]

lol.. it was the dog.... hahaha

[Lynchian74]

Just after the Bilderberg Meeting. They are railroading the crash. The Tribulation (1260 days before 21st December 2012) starts July 11th. The sh*t is going to hit the fan soon.

[florgat91]

first !