Mike Norman says Peter Schiff was Wrong

[maozebong100]

Mises Inst. internet marketing campaign really brainwashed the sheeple, huh

[AroundSun]

What artificial lending STAND ARD are you talking about?

[rodneyorondeaujr]

If you keep saying something long enough. eventually it might come true. Is peter predicting the bubble now forming in gold. I hate to tell you this but mike norman is right. None of you have the slightest clue on how our monetary system works. The fed/treasury doesn't print money. They issue reserves. The only way printed dollars enter the system is when you go to your bank and draw on your account. That is the only time. Go to mike norman economics and read money basics. Lots of RELIABLE info!

[HiawathaMohawk]

End the Fed and as Mr. Stang signed off with each broadcast, transmission, God Bless his soul, "Arm yourselves!".

[Unkn0wnGuy]

Sure glad I have taken Peter Schiff's advice for the past 5 years... my investments are up a lot. Who is this Mike Norman goof?

[josephmclellan]

Peter admitted that he was wrong on the interest rates but he did mention $1200 gold. The economy has two possible outcomes. Money expansion or contraction. An ideally situation would be contraction; interest rates will go up and will cleanse of the economy of mal-investments. Unfortunately it looks like expansion is taking place, interest rates are too low due to the creation of money. We can foresee a Wiemar republic in the near future.

[TrunkMonkey3000]

@josephmclellan unfortunately the way the system is setup, it refuses to allow withdrawal of liquidity from the markets. So , only viable option is to bailout huge banks with printed money.

[josephmclellan]

@TrunkMonkey3000 The other option is to let inefficient companies fail and allow the free market to correct.

[flanksteak2]

@josephmclellan Why a Weimar when the United States controls the world?

[josephmclellan]

@flanksteak2 Keep in mind that federal reserve notes has a variable value. Value is inversely proportional to the dollars printed.

[flanksteak2]

@josephmclellan It sure does but when the United States ensures nearly all dealings take place in dollars (which it does) then the value of currency and prices of the goods it used to purchase fluctuate together.

Ya dig?

Academically schiff is right but in the real world schiff is wrong.

[Ammonzing]

I WE TODD DID. I SOFA KING WE TODD DID.

[jalsante75]

Peter Schiff is an Economic Genius. He's made the calls, and they're on the "Money."

Question him if you want to, but I won;t bet against him! The housing market is dead! This is a fact according to family members in the biz. Which should be no surprise, given the repo/foreclosure blunders of the big 5.

[pretorious700]

Mike Norman is a proven putz

[faviershoo]

Peter Schiff rocks.. he should come to singapore.. and setup his company.. trust me .. he'll make history here..

[KSTCBH23]

Your reasoning that inflation will cause interest rates to go up is false.The method by which central banks raise or lower interest rates is by buying or selling assets within the economy. When they sell, this reduces the supply of money.When they buy, this increases the supply of money. So, if you have price inflation, then that means there was or is an increase in the supply of money, thus putting downward pressure on interest rates. Reduced demand for treasuries is what will make rates go up.

[yberana]

Dollar going down...down...down... Did Peter Schiff predict that???

[KSTCBH23]

@yberana Yes, he did predict that. But, it doesn't take a whole lot of economic knowledge to come to the conclusion that a doubling of the money supply (as the Fed did in 2008/2009) will translate into a weaker dollar. The worst part however is that the primary mechanism by which the Fed reduces the supply of money is by selling the assets it holds on its balance sheet. Unfortunately, the bulk of those assets are those pesky "toxic assets"; I don't think that they'll find too many buyers.

[yberana]

@KSTCBH23.... I obviously didn't listen to the video. I thought you were saying that Peter Schiff was wrong and my comments were only meant to be sarcastic.... Peter Schiff may have got the timing wrong but in nearly every other way he is being proven correct.

[OSCARINACOSTA72]

I get two feelings after listening to this guy, first he is profiting by posing as a Peter Schiff antagonist, a very low cheap trick, second by supporting his arguments by "quoting" the web bot project hoax the only thing he did is completely destroy any credibility that his case could have had. I would add, if you want notoriety, study and develop theories based on true data that "you" analyse, do not destroy without proposing a viable alternative it makes your case look nimble.

[endlessmountain]

@OSCARINACOSTA72 Aprx profits from this video is $20-$40 so you are right there although it is impossible for me to find out how much this particular video made. Why would I not be an antagonist on Peter for his views are insane based on how he supports human slavery for my views on this channel is about freedoms and truth.

Your view on webbot being a hoax is your view and thats it.

[TrunkMonkey3000]

@endlessmountain I`ve caught webbot plaguarizing off goroadachi com `s website a few times, so have others. Goro`s legitimate unlike Cliff at HPH. Goro is pure esoterica though.

[TreachMarkets]

Peter Schiff's message is gaining traction and Mike Norman spends his time making Peter Schiff hate videos.

[BreakingBadReview]

They have to raise interest rates some soon, the longer they delay, the worst things will get.

[xtronics]

Your videos would be better if you talked less and said more.

No one is going to 'pay off the debt' - read some history - the currency will fail and leave the bond holds hurting.

Think short and sweet.

[cmonpeeps]

@xtronics Yup, and that's exactly what is going to happen since the FED just announced the presses will be running overtime. Anyone who buys into bonds thinking they are going to position themselves ahead of the curve and get out before inflation sets in is insane. I don't know one financial adviser that is worth their weight in gold that is pitching the bond market. You're spot on my friend!

[Togwando]

Peter does not know exactly when the monetary collapse is going to happen- but that it is. He thinks it could happen this year, likely next year and a very high probability before 2012 goes by. He states that his predictions are simply being put off and worsened by continuing government intervention. All I know is, that's how I'm finally betting- and I'm finally winning. For me right now the real question is: When are we getting off this boat?

[plasma777777]

Norman is right just for a period in 2008, but those stock were performing well all other time

[xtarka]

Silver is consumed as an industrial metal. Gold is an investment commodity. The industrial use of gold in electronics is largely replaced by other cheaper metals and materials. Don't get suckered into "junk silver coins". Buy gold or silver as a "store of purchasing power", not as an investment.

[cmonpeeps]

@xtarka Why do you say don't get suckered into buying junk silver coins? They have been, and probably will be in the near future, a "store of purchasing power" as you put it because they are already in a quantity of denomination one can trade with. Not only that, but price/ounce, they are the best value. I'm not saying you're wrong. I really would like to know your theory behind your statement.

[xtarka]

@cmonpeeps I said don't buy *JUNK* silver coins. If you want to invest in silver, then only buy pure investment grade silver bullion and silver coins that are 0.9999 pure. Junk silver coins have a high percentage common base metal, with low melt value. Stay with the purest investment grade silver and gold, and don't buy junk or collectibles (which have very high dealer profit mark-ups).

[cmonpeeps]

@xtarka Yes but again, price per ounce junk is a better value...or used to be. I haven't checked the spread lately. And I'm not saying price per ounce of everything in them. I mean silver to silver. Even if you have to melt it, getting the impurities out is a relatively easy procedure and you can have something that is basically 100% pure...if we are even going to have to separate them in the future. .99999 is a good way to go too of course but you pay the premium.

[123backinyerface]

The trouble with the MSM is due to the fact that they are like the FED, privately owned and appear to be for the people, yet they are anything but. I wouldn't expect the truth from the msm to soon, wish that wasn't the case but once bitten twice shy. And the FED, they would scuttle the country before we get a look at those books.

Very interesting vid though, Cheers.

[tyyyylenol]

so a man.. proven to be 95.5% right on all of his predictions since 02.. is now wrong?? thats weird.. its funny how he's always attacked for what he says when in fact he's protecting from keynesian loonies like yourself... sure keep buying in to what bernanke and greenspan tell you because its gotten you no where obviously

[flatnerd]

Good point about the intereast having to be greater than inflation. Lending out money for an interest that is less than inflation is essentially giving money away and doesn't make sense.

[trinomialtree]

err, go to s.korea and get a complete makeover before contemplating a career in media, derek?

[julianmck]

And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?

[julianmck]

And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?

[MrTabby5000]

peter schiff is a prophet,he should be revered as a prophet,even nostradamus wasnt that accurate.

[plaubel28]

@MrTabby5000 The only ones to Profit from Peter Schiff's advice are the people taking the other side of the trade.

[bonfirejovi]

@plaubel28 Actually gold is $1240 and was $900 when I started listening to him.

[FCKEVRY1]

Smart dude!

[miamistorm]

Derek, Why would you want to get out of Canadian Dollars? I can understand getting out of US Dollars but not Canadian Dollars which are backed by lots of natural resources and commodities.

[endlessmountain]

its backed by debt also

ohcanadathemovie(dot)com

[Darty1186]

@endlessmountain yah our government was running a profit not to long ago, but recently has been taking on a lot of debt.

[pretorious700]

our government was running a profit? when was this? 1890?

[Darty1186]

@pretorious700 i think it was in the 80's actaully

[Darty1186]

the canadian government, the the US

[TheMetalPerson]

Norman wants props for being "wrong for the right reasons". After all, Peter was "right for the wrong reasons". Right?

[aprilapril1234]

~*~*~**~*~**~YES!!!!

[TruthCracker]

Mike Norman is intelligent but paid off. This makes Peter look better than when Peter Talks on his own. Because Mike is smart enough to make plausible arguments it gives peter a chance to show how they aren't actually correct, with specific refutation.

Also dude, your on my wave length but need to liven it up a bit. I mean, they way you talk (not what you say) is a bit dead pan. I think you care! Let it show it your voice, get amped dude!

[jboyko3]

Because the federal government isn't printing the money. The Federal Reserve Bank is printing the money. And the more money that they print, the more it will be devalued. Which means more debt will be payed by you, me, and our kids (the taxpayer) on the inflated currency that we are borrowing from the fed. It ceased to be our money the moment we put it in control of a private banking cartel. You can't print money at an accelerated rate and expect investors to have faith in it.

[nonantianarchist]

Mike Norman's just mad 'cause Peter's pwned him repeatedly.

[gben82]

Is this guy Canadian or something?

[ClaptonPettyFan]

I think this is Spock's son!

[DaleElder11]

LOL yes but he is awsome

[KeanOOO]

....(2/2).... he can get attention and he clearly wallows in it. By the way, I don't think you can call Mike MSM anymore as he doesn't appear to be on the telly any longer.

[endlessmountain]

if it was personal then Mike would not have posted the videos and one of my objectives on this channel is to educate people what the mind set of what the powers of the media are saying and their motives.

I also do not watch the TELE enough to know too much, because I only get a bit of CNBC and what I see on YT for MSM

[KeanOOO]

Come on Derek, of course it's personal. Mike obviously feels humiliated by those 'Peter Schiff was Right' virals. He even mentions how he can't google his own name without Peter Schiff popping up. And how can a video entitled 'Peter, get some help' not be personal?

[KeanOOO]

Hi Derek, Not sure what the point of your video is. If you're just giving your own point of view, fair enough. But if your trying to prove Mike Norman wrong using facts then forget about it. This one-way fued from Mike to Peter is clearly personal and has nothing to do with macro-economics. I thought that last video MN did was a nasty piece of work, and one of his lowest yet. I make a point of not commenting on his videos because writing about Peter and riling his fans is the only way.....

[zeusvalentine]

where I live, real estate is the slowest in the summertime.

where do you see stocks going?

[havoctrend]

A dollar collapse would bring the " New World Order" unto the scene a lot faster.

[jnadreth]

I want to buy a roll of Dollars lol I'd like to have some fancy toilet paper :D

[endlessmountain]

its expensive for this toilet paper. You need $50 digital dollars to get 50 ones. I would wait until the price of them goes lower and then buy your toilet paper.

[jnadreth]

I am waiting for the Dollar to nosedive through the floor before I buy rolls :D I wonder if they will be sold in packs at the supermarket or will they be thrown around for free lol

[endlessmountain]

i would souvenir and antique shops. That is where it is heading

[MrBankRuns]

The reason interest rates go up during inflation is because the people who lend money demand higher interest payments to off set inflation. They have to make a profit, else why would they want to lend money in the first place?

[Boomer1949]

In the real world, your silver and gold coins aren't going to be easily converted into living needs, such as housing, food, ect. At best, if the our currency fails, other currency will be waiting in the wings...that's electronic money..little plastic cards issued to each individual, filled on payday, transfer payments from one electronic account to another..end of any kind of paper or coinage. Can it be done..already happening. Look around you.

[endlessmountain]

Ok, so fiat money will do better than real assets that have value.

That makes sense (LOL)

I guess it is in my best interest to go against the mayan calendar which has greater than a 99% success rate. Anyone who was stupid enough to collect their quarters and dimes at the end of the 60s and into the 70s did terrible in gaining 900% with no problems selling them today.

I guess we dont need solar panels in this world anyway.

[Boomer1949]

Yea, you can do what you want, you have your theory, I have mine.

My deal on the Mayan Calendar is that somewhere along the way someone got something wrong, or they haven't found the second wheel, who knows. I'm going to be around on 2012, so we'll see.

[endlessmountain]

It is more than theory where there science and fact to support it.

However, its been quite amazing to find not a single person whom has spent a significant amount of time in researching this to find out that it is a hoax. I am eager to find someone whom can with enough evidence, science, math or whatever to make me think otherwise.

Based on your comment it seems as if you might be in denial in this and do not care to see what its true message says. I understand for many are right now.

[Boomer1949]

I guess one could stay in a world of numbers and statistics and never peek out their doors and see all the ways that plastic cards are being used today for transactions. Food stamps no longer are paper, their a plastic card that gets filled each month electronically, as does unemployment in most states. You have your paycheck auto deposited and a trusty ATM card for purchase or cash. The transition to "electronic Money" would not be hard.

[McConsumer]

It makes a lot of sense to me. nice vid.

[friesjacob]

2:14 Was that housing bubble or hosing bubble? Same effect on the eocnomy...

I enjoy your vids.

[jfcrow1]

Good analysis.

[AM429]

vs. brazilian and australian cash, Gold is doing mighty shitty. I hope this doesn't continue.

[Crashtest517]

One thing you need to be aware of is that gold (as well as silver) is something people run to when they believe they are in trouble so it can spike, that's more speculation though... but when economies are really in trouble you better believe gold and silver will knock out any competitors. IMO we are re-inflating a bubble right now to keep confidence in our market up, but the truth will come through and when it does you want to be the guy holding gold and silver.

[dx11101]

during high inflation, banks have to offer high rates of interest even on regular saving just to convince people to continue their savings. I think it was argentina that some banks at one point offered either 600 or 6000 percent interest which didnt even touch the level of inflation.

[farhadcoyote]

Thank you Derek, This is a great video, and you refuted Mike Norman's claims so very nicely. I left some comments on his video, but I had a hard time not using profanity. So your calm, mature video did a better job than thousands of comments I could have made.

However he really made me mad making comments about Peter schiff's childhood, and saying "Peter needs help". Peter has asked us to be nice to him, but if Norman keeps putting his videos someone is going o go meid-evil on his ass.

[TadRapidly]

It's not a stretch to say that Norman is a shill just like Jim Cramer proved himself to be with the "back-room shenanigans". They're ALL tools. They're all in collusion and they need to be arrested.

[Doenietmeermee]

Peter Schiff is wrong. And internet is almost dead when people like Schiff are served with a job in politics, he will close the door behind him.

Google Schiff Rothschild FED 1907

Thanks also to all that US capital invested in Europe, not in GM, all new office spaces which are build last 5 years and kept not leased for years and years, have all big fences and camera systems, can soon be turned in to isolation camps fema style.

Schiff is wrong because government is not planning to pay rent!

[buyred]

Mike Norman should have just kept playing with his Peter Schiff Voodoo doll and dart board. Now all of youtube can easily see that Mr. Norman is a complete Jack-ass.

[prettylyricsmarie]

can you make more videos on the mayan calendar, the mayan culture, and the age of aquarius, what life will be like after the 2012 shift?

[turbotrana]

i liked this video. it was polite and made its point.

[nitdiver5]

Great job on this video. Unfortunately the NWO is taking down the US so an economic recovery is not in the works. They will continue to create a financial crisis to continue to merge the world economies. The endgame is a chasless soceity and if you guessed an RIFD chip with 666 on it, you'd be right. The NWO is the 4th beast of Daniel Chapter 7, and everything else with it will pass in our generation including Revelation, Armegedon, and the second coming of Jesus Christ.

[Zeldovich]

Schiff was right about real estate and the financials, but he doesn't understand economics.

[drutter]

MSM apologize for their lies? I would love to hear that too, but I can hardly imagine that happening. The entire thing is such a fake game that it blows my mind any of us are still playing it. Get out of the MSM false reality, people! Look into the truth that is available around you and wake up!

Thanks Derek.

[rangeyer]

$1,000 per oz for silver? Don't be silly....

[prescottbill]

Don't worry, if you are making $100K/yr now, you should be making $4 million /yr in the future. Ofcourse, a loaf of bread will be $300., gas $300/ gal, etc...

Worried that you might not make Goldman Sachs cash in the future to keep up with inflation? Good, you should be.

[jamezbond78]

Interest rates cannot go any lower, so it's just a matter of time when they're forced upwards. We are in quite a pickle. Also, I believe that gold will go to 15,000 and silver to $1000. Check out the video with Mike Maloney and Robert Kiyosaki explaining why.

[cowboycarl04]

I think silver and gold will hit their next bubbles when foreign countries call in their debt. It will be an easy way to pay back debts by making their value go skyhigh. I think our domestic banks will go long big time in silver/gold/platinum when China calls in it's debts. Hence another reason why they are grabbing resources, including metals. Grab the bull by the balls, and then cut when you are ready... that's what China is doing to our economy.

[mike6459]

Rodium went from 300/oz to 10,000/oz in 4 years so it's possible...they say Silver will be the first element we will run out of sometime around 2020 and if the Chinese and East Indians use as much per person in industrial products and bullion then the West and Europe does then it will happen earlier

[jibbi4one]

Mainstream media always plays the public on the economy as Dr. Feel good.

For all other issues it's always chasing controversy, rumor and scandal...'cause it sells for ratings revenue.

Educating the public on the truth is not pretty, sexy or profitable.

[GalaxySmith18]

Damn, you and VV are hammering on Mike Norman. You should of put this as a video respone on VV video because he talked about Mike Norman and he is talking about Peter schiff.

[jarden69]

$1,000 oz Silver? Are you kidding? It ain't gonna happen, ever. Just like $2,000 oz Gold won't happen, and certainly not $5,000 oz Gold, which is just Ridiculous.

What, I'm not free to make my predictions and give my opinions like you, Mike Norman, Gerald Celente, VisionVictory, MOT and others?

You see, this is the problem no one is really talking about...NO ONE KNOWS!

Nobody can foretell the future and what is going to happen to anything...not gold, silver, the dollar, or the economy!

[emmaus9]

You just said no one can foretell the future, but a few sentences earlier you said that $1,000 silver "ain't gonna happen, ever".

You may have to end up eating your words. I don't know if silver will ever hit $1,000 oz. It may and it may not, but in this crazy manipulated economy I won't rule it out.

[jarden69]

I was trying to prove a point that No One Knows, yet everyone is making predictions and giving their opinions, including me...I was using my prediction to set up my later comments about how silly all the predictions are.

[afsoldr]

If you inflation adjust the 1984 high for gold of 840$, it works out to about $2000-2400oz. If you go by inflation numbers outside of govt sources, it's more like $3000. So, it ridiculous to say it can't happen again.

[samsontiger1]

Mike Norman is an IDIOT. His video's are pointless and terrible, he has no sense of logic. Basically everything he says is incoherent BS. If your reading this "Hi Mikeydoggy" :)

[stoneeh]

good video. i tend to find myself agreeing with you on almost every aspect. i'm more confident in silver than in gold myself. i recently started buying

[BobBrinkerisanIdiot]

check out the MIKE NORMAN WAS RIGHT video

watch?v=9jpOpzSwJ60

[CASTILLOM1]

Derek youre right about Peter Schiff being mainstream which raises very alarming questions....If the mainstream media is nothing but a mind manipulative tool of the power then why are they allowing a voice of warning on their most powerful weapon?? Could it be we're being played for fools and Schiff is indeed controlled opposition??

[SGDeGalvez]

money is not debt!! debt is debt!!

[luciodelgado]

Endlessmountain,! Have you heard the last video of Gerald Celente telling that something BIG is coming this Autumn, September or October?

[NowisEvollovetion]

Mike is NOT able to admit he was wrong as his 'MIND' will not allow him to make any changes to IT.

His MIND-SET is exactly that 'SET' in it's WAYS (PROCESSES/PATTERNS of RIGID THINKING).

No MIND likes CHANGE, does that maybe

explain to YOU, why people are quick to MAKE EXCUSES, TELL LIES AND BLAME OTHERS.

To divert attention from what is REALLY to BLAME for ones mistakes, ones MIND/SELF/THINKING.

Old HABIT'S/THOUGHT PATTERNS indeed really do, 'DIE HARD'.

[BigRedMcCool]

Peter Schiff for the U.S. Senate in 2010!

[NotACrookProductions]

Agree, they are using the week dollar to stimulate. Once it over heats they will start raising rates again but I don't see that until mid next year at the earliest.

[KhmerD0g]

mike is jealous of "peter schiff was right" video

[bjmccullough]

derrick,

if you think inflation is coming...which you always talk about then buying real estate with Fiat dollars is a great investment. land for paper. I own a lot of real estate and for me it is a much better investment than metals. I own metals too (i love silver) but they don t pay any rent or dividends. my real estate on the other hand holds it value against inflation and it pays me money every month which i use for buy other investments. love your work nikei b.

[cowboycarl04]

I get what you are trying to say, but many of us can only invest in silver. We don't have enough fiat dollars for real estate yet.

I'm lucky. I have a relative that knows the ends and outs and is doing very well even now. You just have to know what you are doing.

[bjmccullough]

hey cowboy...that is why it is smarter to use leverage....loan for land is good...but only good location land and at a cheap price...for example, there are some good deals here in tokyo now..all and all in the case here a loan is good...thanks nikei bruce...

[herbs814]

and the liberal media will demonize the people who speak the truth.

[yaplonglong]

81 banks failed so far this - only 419 to go within the next 8 months!

Watch out Mike, your dollars in deposites will be worth nothing!

[mustang607]

It can work as long as more people are pulled into the bottom of almost any pyramid scheme. That is why this system works (for now.) Since the people are forced into joining this pyramid it will work even longer and the collapse will be even more horrific. As is any pyramid scheme the people at the top have already made there plans. Usually this involves setting up a new pyramid scheme.

[capcom101you]

Very Good commentary

[Eraser7622]

If we could get 3 or 4 out of every 10 people to take all of their "cash" out of the banking system, we win. If we could audit the Fed fully with disclosure, we win. If we can return the coining of money, per our Constitution, back to the US Treasury and out of private hands, we win. If we can convince China to stop supporting our habit (and theirs), we win. Point is, there are a lot of ways for us to win and we are making progress on all fronts. One will cave soon. Bottom line, We win.

[emmaus9]

Due to fractional reserve banking I don't think it would require but 1 or 2 people out of ten to cause the banks a lot of pain. Many would go under. Let's try to engineer a run on the banks. I already took all my money out.

Down with the evil, slimy, scheming banksters and down with our corrupt, manipulative, propagandizing, lieing, phony government!!!!

[GoatHollow]

If 3-4 out of 10 withdraw all their "cash"... what we get is a bank holiday, martial law, new currency, riots, collapse of supply chain and thus poverty, Humvee's on every street corner!!! "They" will not give up the power, and insatiable greed for money.... for anything. Period.

[Eraser7622]

So, what do you suggest then? We just let them kill us slowly through continued slavery and subjugation? If I'm gonna go out, I'm going out on my terms, not theirs. Besides, your projection would be limited in scope at best. It is a big nation and a lot of country between the coasts. How many military do you think they have? PLUS, it is still my strong contention that, when push comes to shove, our military men and women will not turn on their own people, but defend them from all threats.

[emmaus9]

Oh, it may happen as you say, but then we might have revolution instead. And I think revolution frightens the elite more than you think. It is also very possible the Federal Government could collapse and we could split into regional governments.

A run on the banks is perhaps one of the only offensive moves we have. Otherwise it seems the banksters hold all the cards.

[dankeewolnir4042]

rates surely cant go down, and I heard Bernanke say not that long ago, that "of course, we all know rates will have to eventually go up to combat inflation" in some form or another. I wish I knew what video... i think maybe the one where congressman alan grayson laughs at Bernanke. just a few weeks back... But unless they go negative, rates will CERTAINLY have to go up.

[Lynchian74]

FDIC releases its report this week. May cause concern and potential panic

[SolitonPL]

What I can say this can be an EXTREMLY GOOD CONTRARIAN INDICATOR!

Watch out people! Dollar collapse can be really close!

[Nosheepfull]

Mainstream medias will never tell true things about the economy 1st they have to brainwashed peoples to still have hope and greensprouts about everyhing coz the peoples up in pyramid have tel them so,2nd they must reassuring the peoples to have confidence in the market till the last gasp before the whole thing collapse, the real economy hte one they will never talk about they to make peoples still live in la la land

[Mr1openmind]

Media will be held accountable by people turning off their cable... Voting with money will eventually work!  Take your money out of the BIG banks!

[1mealperday]

many predictions have been made , some true but at the wrong time. It adds to the confusion,

[dellamalo]

Seriously, I think Mike has fallen on hard times. He looks like a shadow of his former self.