THE WORST IS YET TO COME!

[TheJules1003]

I live in Canada and we have relatives in Sydney Australia and yes none of us are safe. Canada's housing will go down to at least 90% in value and the US real estate is still falling and most people are not buying. The bottom hasn't reached yet and wait until it happens and no jobs, people stuck with car payments, credit card bills, etc. My parents who went through the previous depression of the 30's warned me and sure enough here it is.

[adam3176]

stop the global government and the NWO and GAT NAFTA and create our own money Problem fixed

[adam3176]

bye AMMO They told us to be scared of zombies now

[jonah70757]

@alanthomo84 I have often said that could happen. Guess we will have to see where things are and how they look when it reaches 1:1

[ffp08]

They are collapsing the dollar so that they can inforce a world currency.

[blkcolas]

@ffp08 - Wake Up, dollar/Euro is world (IMF) currency. How are they going to capture China and Russia? Well, it's just a matter of putting their own man in charge.

[badsign1980]

ppl in canada,australia new zealand the uks colonies think they are safe, their economy is financed 99% by the usa, if the usa falls canada will fall right after, and dont talk about resources, they will be worth anything, muddy oil, florest, natural gas, the less they are worth because the more ppl are in the planet the less oil there is, so its not viable not at current prices, sun, wind other energies make more sense, probably brasil and china will buy them in sell off with alaska too

[badsign1980]

and theres another thing when we live in a fear indicator society wall street created that means that fear indicator is in fact reality, speculation is now reality, dreams come true, its called credit default swaps they are using them again countrys in europe to crash the euro to make people jump on the dollar again, but even so, there also cds on usa debt, and since you wont be able to pay ever your debt, like no one ever did, imagine what is gonna happen? jp m goldman sacks gonna crush usa

[badsign1980]

gold is the real currency, the notes flying around are connected to gold somehwre, inside the economical area, it might not be serving as collateral thats another thing, if you come to think how money started when gold notes where given to people and accepted as payment you will see that precious metals where always money and accepted as one and are still today, theres such desconfort on paper money nowdays countries are paying in gold for oil, people in zimbabwe pay in gold for bread

[bkdrotonda]

HINDENBURG OMEN!!!!!

[MabusZero]

Irrational exuberance: Otherwise known as Tulip Madness. A pity human thinking is so short term...

[88arau]

So Mike. Its been a year. What do you think is the significance of the fact that the DOW is almost at 13000? I'm so ignorant on monetary regulation ugh.....

[jonah70757]

@88arau 2011 is here...the worst is to come...and soon...2011 will note end with out a shocking collapse..as for the 12200 Dow ...it is smoke and mirrors made possible by massive amounts of newly created money...it is an illusion. Think about it how does the DOW rise with out an increase in employment or a housing recovery?

Real GDP is negative...by Real I mean adjusted for inflation.

[jonah70757]

@jonah70757 The last time the Dow was at 12,200 Gold was around $600. What is Gold today? Comex states $1365. 12200 is not a real number it is a nominal number. Do understand the difference between Real and Nominal. That is how Wallstreet deceives. One who understands the difference between Real and Nominal cannot be deceived. IN REAL TERMS THE DOW IS 5000 at best. Not so good huh?

[Minethis1]

@jonah70757 "The last time the Dow was at 12,200 Gold was around $600. What is Gold today?" Your comments are false. Why? Gold is not a currency used Anymore. The purpose gold service is a fear indicator. Like the ViX. Why do we not measure the Dow to the ViX? Or avg Home Price? or Natural gas? Or Oil? Because we could never get the layman to buy gold so the smart money can get out their positions. Just like the 80's silver went for $50 to minus ZERO It cratered so hard! Dow is going much Higher

[jonah70757]

@Minethis1 Gold is not a currency anymore? Bull crap. You will be eating your words

[Site5599]

@jonah70757 Who cares about gold? If the economy truly goes into the tank and cash is worthless .... what I think i will truly need is a bigger gun than the next guy and some food. If i am starving, why would I give you my food for a chunk of metal?

[okie74014]

@Minethis1 I sure would like some of what you are smokin. Sure, the djia will go higher, but only with hyperinflation.

[Minethis1]

@okie74014 Hyper inflation my ass! you need to learn some economics big guy and stop listening to YouTube economist that have been 100% Wrong 100% of the time! Please tell me little man Tate what is the Growth rate of money expansion of the USD, EUR, and RMB since 1996?

You don't know that because you are just another YouTube economist acting like you know! Just a sheep!

[jonah70757]

@Minethis1 There is only 2 ways out of this mess.....inflation....or deflation.....given the size and brevity of the debt either will be extremely painful. The Elites prefer inflation as real wealth is transfered to them and they can keep the game going longer. So the road map is clear only a matter of how fast the destination is reached. In the meantime more control procedures being refined and implemented. They wont rush their game.

[Minethis1]

@jonah70757 Why do you limit your mind like that? If I would have told you in 2008 that we would print 29 Trillion and the Dollar index would be right where it was before the printing. You along with many others laughed and cried hyper inflation and the End of the US and collapse of the Dollar! WELL HERE WE STAND! Where is all the Doom and Gloom? You fail to recognize that we have a lot of room to raise rates and contract the money supply when we recover and tame inflation! FACT!

[jonah70757]

@Minethis1 You act like there is no consequences for Central Bank Manipulations and unending creation of debt and fiat. Well there are consequences. Just wait.

[Minethis1]

@jonah70757 There is no "manipulation". The FED Can print reserves an purchase US bonds. If owed $10,000 on a credit card and I printed more $ by obtaining another Credit card and expanded my balance sheet an additional $5000 AT A LOWER interest rate and Purchased the Debt of my First CC at $10,000 am I "Manipulating" interest rates? Am I "breaking the law?" Am I "Artificially" lowering interest rates? NO! NO! & NO! I am implementing excellent money management skills.

[jonah70757]

@Minethis1 People like you make me laugh....oh yeah look at the Dollar index they say. What they fail to acknowledge is so called money printing is global in historic proportions. All fiat are on the elevator going down into the basement. What you refer to is the US dollar is standing up at the moment in the elevator....LOL. Central Bank currency swaps and market interventions work wonders for the smoke and mirrors matrix of deception and manipulation. Wake up

[Minethis1]

@jonah70757 O yea lets not measure Legal tender to legal tender in the dollar index. Nonono let's measure it to Silver. so lets do that now. Silver down inflation adjusted 87% Sines the 80's. Most recently Sliver is down 50% from $50. The US printed 29 trillion yet no collapse in the currency! NOT even devaluation AT ALL. So where are your claims? Nothing you predicted is even remotely correct. In Fact the opposite is happening! Bonds yields are at historical LOWS! You make me laugh.

[jonah70757]

@Minethis1 You and I will never agree that is obvious.  Let us talk silver the long view. The Cumulative average for 2010 was $20.1928, The cumulative average for silver 2011 $35.1192...mmm up 73.9%. I dont look at short term fluctuations. Silver has 10 yera average per annum return of 25.25% You can keep your stinking worthless bonds at almost Zero.

[Minethis1]

@jonah70757 I send you the Proof in your PM. You are wrong again. Gold and Silver are Both Down BIG long term! And are crashing even on this 10 year move. To say You bought at $400 and not at 500 600 800 1000 1200 1400 1600. Makes not sense if you TRULY believe in the fallacy of Gold $5000. Therefore you have raised your cost basis and in Silver you are down Big!

2. Bonds don't only make money from interest but also by Price! Up 62% in 2011 ZROZ ETF. You don't understand bonds!

[Minethis1]

@jonah70757 You and I don't agree because you don't understand economics. You have ZERO evidence on any of your claims. No Hyper, No Bond, NO Dollar, COLLAPSE No Gold $5,000, No Inflation, No Dow 1000, No QE 546. Nothing!

The EXACT opposite is occurring! Rates at Historical Lows, Dollar index at the same exact place since prior to the printing Dow 12,200 Bonds, Exploding higher Inflation under 3%, CRB index collapsing. no QE. Yet you professed Gloom and Doom! Where? Show me? Wrong

[raspberrybaggio]

@jonah70757  Although 2011 is now over, and there was no shocking collapse.

[jonah70757]

@raspberrybaggio Just wait...when the time is right it will occur

[cramsa]

@88arau What do you expect when the FED keeps handing out money at 0% interest? They are proping up the stockmarket... when they can no longer just print the money with 0% interest, this sucker is gona crash hard.

[OsoLoco40]

The cure is industrial hemp.

[OsoLoco40]

The cure is industrial hemp. Do the research

[larsjake]

How is 1870 the "colonial times"?

[anon287912]

You're funny, and you were wrong. Stop making this shit and get a life.

[Dre4dwolf]

Thank you for the information, it confirmed my view... the dollar is probably going to collapse, they are probably going to start another war to divert attention and bolster the economy, it seems like its the only way... i vote we send the leaders in first on the front line along with the bankers to fight us out of the depression, worst comes to worst and they get killed we can just make a new bank and print our own money, we dont really need them anyway.

[filmpje101]

what? 360%, this is bullshit people

[WeifPL]

yea ;) and in your country u'll eat shit cause u won't have money and my country (Poland) 'll rule the world! with our shitty goverment :) FU*K U! :*

[dgl1962]

A third grader can see instantly from these charts that we haven't a chance at "growing out of this",or preventing some major currency crisis.

It may sound overused and silly,but Gold.Guns and Groceries should be what people focus on at this time.

[ristau]

This one will be fixed, somehow. But after the next one, the world will have to trade with bananas.

[phlapps1]

STORE UP TREASURES IN HEAVEN

[jonah70757]

@Some1Jaded It is called propaganda and management & behavioral manipulation

[jonah70757]

@Some1Jaded you can believe anything the government tells you...you havent learned that yet?

[chobeeboy44]

Get out of debt......buy real gold and silver.........stock food.........move to the country...........grow your own food........use alternative energy sources.........most of all PRAY! Resist the NWO!!!

[MissNevada08]

@Jacobbrester....I agree with you on most points...but we ARE in a depression now. I live in California...unemployment is insane here.

[Jacobrester]

IF.....there is another depression....it will be like the previous one that spanned from 1929 to the end of WW II. You people focus just on the USA...look around...Iceland, Greece, Spain, Italy, Ireland are all bankrupt...which makes the EU bankrupt.....the UK is bankrupt.....and contrary to popular belief.....Asia is in big trouble....IF ....there is a depression....It will be worldwiide...not just here in the USA....and by the way....Australia and Canada are sitting on huge real estate bubbles

[Daphdong1]

@Jacobrester

Absolutely Right-on. The whole world is in an economic turmoil. I can't help thinking that is a great big set up to bring in a one world economy, and one world government. Then God help us all

[jonah70757]

There is no if. It is a Depression and the only thing that saved an utter complete collapse was massive Government spending FEd Expansion of its balance sheet and monetization. As for the rest of the world the entire world has been suckered into a fiat money debt based Central Banker induced collapse. USA is the epicenter and for simplicity sake these 3 charts conclusively prove THE WORST IS DEAD ahead. The dominoes are falling, our dominoe falls by 2011 the latest

[SonOfOuranos]

@Jacobrester One year ago you said Canada had a real estate bubble...where is it? The Canadian real estate market is stable. So much for your info!

[investornator]

@Jacobrester Have to agree with your comments ,im a builder and Sydney Australia house prices are 40% over valued in certain areas,Sydney is having 60% clearance rates from Real estate sales...hang on and buckle up ,its gonna get nasty soon!

[d3ltadrive]

@Jacobrester I got ya, IF is the new codeword for WHEN.

[dave777blaster]

!00:1 leveraging

They are now in super panic mode as the next wave is about to hit ,it is unstoppable.

[spectre1929]

you have a hole in your ship that is letting in water this slows the speed of your ship ,you must bail out your ship or it will sink ,but you must fix the hole or you will find that you are bailing forever,as the hole grows bigger you not only have to bail out the old water but you have to cope with the force of the new water ?lying about the amount of water in the ships hold, and of the speed the ship ,will not change the reality the ship is sinking ?

[clemmens14]

Good video. I was never really into charts and graphs, that is until about 2 years ago when a friend made me aware of the condition of our country as it really is using charts. They are evidence for the eyes to see. 2008 was the economic warning shot....we aint seen nothing yet.

[th3w4tchm3n]

Revelation 18... yeah that's right... you are mystery babylon...

[ewffaces7]

yes, I've seen that chart before

scary

[tyronebiggums3]

Great video. Thanks for putting it together.

[PennnSmith]

Excellent video, ignore the idiots and keep up the great work!

[davids11131113]

Can you believe they pumped the market machine today on saying housing in Dec was a 'good news'? Unbelievable. Well 1 thing is for sure, IM OUT, others can buy into this BS 'rally' talk and all that, I know without question they will end up broken for generations!

[davids11131113]

The FED is already monetizing, thru stocks, Neil Barofsky laid it all out last Friday he said the only reason the markets went up at all last year was the FED pumping futures in a very low volume market.

Next up is Treasury seizing peoples 401K's, pensions, IRA's, all of it. This goes far beyond 'economic fundamentals' its an outright Marxist takeover, while they say 'all is well' they are in fact ensuring the total implosion of 'capitalism', anything america ever was.

[davids11131113]

And the market pyramid scheme marches on, tulip craze...ACTUALLY thats not even true since the rigged market casino is totaly empty except for HAL 2010 over in the corner churning bids higher to itself. And what does it care? It doesnt, it just churns and burns.

Im with you man, HOW LONG can this crap go on for?

You know at this point Id be HAPPIER if the entire scam melted down overnite, we'd have to rebuild from scratch but its far better than seeing this crap every day!~

[skyding8962]

You gotta remember more people are relying on 2 income households compared to the past and urban areas are now overpopulated so housing prices can't come down to historical averages even if government got out of the way.

[jonah70757]

You are sadly mistaken. Affordability Mortgageabilty and local property taxes all impact what people can afford to pay. If less jobs for less pay, With Real wages stagnant and bigger percentages of income go towards necessities there will be less disposable income to pay. Additionally what happens when these historically low rates double and municipalities have to go up on taxes because of inflation, prices are goin to drop. The Chart by Shiller from Yale clearly indicates lower housing prices!

[jonah70757]

Your right on the 2 income families, both working for less if both have their job

[skyding8962]

@Jonah

Wages are going up believe it or not. Check the data. The fact is the average house is from 2 income earners AND all major cities have high prices because people are willing to live there because they are overpopulated and there is enough demand to fill it.

You can't compare to years past when even large metro areas weren't overpopulated and only the father was the bread winner.

[davids11131113]

@skyding- 'Wages are in fact going UP'!

Oh...guess you missed the riots in New Mexico over the 5% across the state wage cuts. Well I have that article in my latest video, and others that prove youre wrong. Whatever you do IGNORE all 'data' from the govt its nothing but lies, find the REAL data!

[skyding8962]

@davids11131113

Thats ancedotal evidence in one spot. Wages continue to go up to try and match inflation. You might not like the truth, but the truth is countering you.

[jonah70757]

You think so?! Well check out my last VID on Gold As The Standard Anchor and Reference Point. skyding? Do you work for the Federal Reserve? If you dont you should. You'd fit in just fine.

[skyding8962]

@jonah70757

I never said we should print money or that the federal reserve is great. In fact I think the opposite. Stay on topic. The fact that you are slamming my beliefs instead of refuting what I says just further proves that Im right.

[buyred]

Skyding, I read all your comments, and quite frankly you have know proof of anything you say. You sound like a typical "wishful thinker". You do not have one sentence of substance in all your babbling.

[skyding8962]

@buyred

Thats because your brain is too small to comprehend what i just said.

[buyred]

Good Answer. That is just about the level I thought you were on. Go back to your trolling. Sorry I bothered you.

[skyding8962]

@buyred

You haven't countered anything I've said. So your opinion means nothing to me.

[davids11131113]

Skyding yea and ANY improvement in anything is now going to be taken, plus a lot more, in massively rising interest rates and taxes, try the articles today on Bloomberg, zerohedge, Reuters, CNBC, proving that. But hey keep believing 'all is well' whatever makes you feel better dude.

[skyding8962]

@davids11131113

I never said all is well. In fact nothing even remotely close to that. Once again you guys are further proving that not only are you clueless but you don't even know what I said.

[davids11131113]

What IS your point then skyding? You want to argue every point, but then say youre not saying its all good? Up next is interest and tax rates way up, any improvement you can point to will be wiped out and more. Wages arent rising anywhere, unemployment is 20% and rising and the ONLY game in town is 0% free printed up money. Dude, grab a clue its fuked, theres no way out of this one this time.

[jonah70757]

Whats that saying? You know you are over the target when you are catching flak!

[buyred]

Not really alot of flak. He is armed with about as much insight as a court jester with a slight learning disability. As for you Jonah, keep up the good work. Do not let a few bored shills slow you down.

[jonah70757]

Definitely hitting a nerve, LOL

[davids11131113]

Thats a damn good point, when youre catching the most flak youre RIGHT over target.

[jonah70757]

NOT IN REAL TERMS!~! AND generally countrywide they are declining. And in pockets were they may have nominally risen they are actually still declining. Your Government The Fed and Banksters are deceiving you. And quite nicely I may add!

Additonally Prices in most Metro areas are dropping I know I live in one!

[skyding8962]

@jonah70757

Actually in real times I think they have gone up in the last year. Even if they didn't, the difference is MINISCULE. The overwhelming driver of home prices is the fact that now almost all houses owned are occupied by 2 income owners and the SF and LA bay area and similiar metro areas are OVERLOADED with people bidding to move there because they won't to live in the middle of nowhere. YOu can't change the fact with a chart. Sorry.

[skyding8962]

BTW, I never said prices won't drop in metro areas, I said they won't return to anywhere near the historical average your stupid chart is talking about even if government got out of the way and tried to let prices drop. Those two factors I mentioned are irrefutable.

[jonah70757]

The Stupid Chart you refer to is not mine. It is Case Shiller's who is highly respected for their work and analysis.

Some States have already mean reverted.

Others are following. And when this Economy blows sky high most will folow quickly. The jig is up!

[skyding8962]

@jonah70757

I know what the chart is. And thats why Im very comfortable arguing with you about it.

[davids11131113]

Yea skyding 'all is well' massively improving in fact. Keep believing that.

[Peridolin]

Seen Detroit lately?

They can't give houses away in that urban area.

[Ezekiel3839Psalms83]

Yes, there was a guy who called into glenn beck show about 2 or 3 weeks back and said that you could pick up houses for under $5,000. But then these are seriously blighted hoods, too. However, the point remains the same.

[centervilletn]

go to homes dot c0m ..there are some pretty decent placed in urban cities going really reasonably...i looked at quite a few in Flint....for under 20k that were really decent homes....

[skyding8962]

@Peridolin

Yeah but have you seen the PEOPLE in detroit? Plus that town has been ruled by liberalism and large vanishing of manafacturing jobs. Detroit can't be compared to the average city.

[horsehorsehorse400]

GREAT!! They will do Hyper inflation to pay off debts

[SuperGozzy]

yeah wall street's a big joke i feel sorry for you people that think everything is fine & dandy u are gonna get a wake up call very soon wait till this summer!

[centervilletn]

i think houses will drop to about 15 to 18 dollars a sq ft....

[jonah70757]

I think closer to 30-36 per sq ft

[centervilletn]

i built a 1500 sq ft slab house last year for 20 a square foot.....and prices have dropped since then...i had people showing up at the site begging for work...of course i was careful ..

im in tennessee...where are you?

[jonah70757]

20 a square foot holy crap! Including materials? You dont have much to drop there do you? !

[centervilletn]

labor and materials...i gave 15k for 5 acres and spent 30k building the house including septic system...

[Ezekiel3839Psalms83]

What state was that in?

[centervilletn]

tennessee, between nashville and jackson...

[centervilletn]

its supprising what it really cost to build...its much less than people think...you can easily build for 1/2 retail on finished realestate...maybe less...depending on the property..

[centervilletn]

the framing package, dryed in was 11k...thats 2x8 construction, truss roof system 50 yr tin roof , windows doors and siding...

[jonah70757]

REAL OR NOMINALLY?

[centervilletn]

banks are also holding properties on thier books and not putting them up for sale attempting to hold values where they are....sooner or later they will have to start putting those houses on the market...when they do the bottom will fall out

[centervilletn]

well aint that fantastic!...great chart...bad for us...

[Eraser7622]

Well done... thank you

[prepare2008]

thanks three powerful charts 5 stars that dow gold ratio blows away the myth of a stock market recovery

jim rogers thinks the dow will tank any day now

[dweber66]

GREAT video Mike. I am sending to all my friends. Thanks for all your hard work. Peace.

[jonah70757]

You are welcome and thank you for stopping by!

[jocknomore]

Well said sir!

[shoeman3434]

Another great report, Mike. Thank you!

I thank The Lord for His patience with us the past year-and-a-half, but a small part of me just wants to get the show-on-the-road already.

[Hopefl1]

I never knew of anyone spending their way out of debt?

[cosmicguerilla1]

interesting

[WeCanAllGetAllong]

So here it comes then huh?... A tidal wave of more money funneling out of the hands of the many into the hands of the few. Poverty to start escalating.

But I already live in poortown usa.

Well if anything,it will be intresting!

[ManWereScrewed]

Thanks for laying it out. Keep spreading the word. For most the Truth hurts, but it still needs to be told.