Don't Panic! The real reason for the GM Bailout!

[codycalhoun13]

Your video is a favorite on Honduras

[BOYZEEE1]

I play your videos when I need to sleep. thank you.

[itsmacintosh]

Hey man I love General Motors But i dont think they should have bailed them out. They should have just let them go bankrupt -_- Now americas deeper in tho hole.

[alskmp2]

Well that is just stupid.... I am happy that we helped out GM because imagin all of those jobs lost... and who knows maybe you might work for a branch of GM they would just say sorry you are fired... and the jobless rate would have been higher! so that is why I think that none of the Big Three should go out of business because they have ties in to companies that you might not know about and then they would have started to collaps and it would ripple out to all of the other companies....

[reginald58]

why did youtube take off your list of list of videos, mike your on to something!!!

[acidtrashy]

Check out the origin of the FSA... it's EU!!!

[snuffwitch]

we just droped them another 2 trillon...wtf

[juggernautxtr]

we gave them more than that cause the unions are behind the dems and the dems are what? in control the whitehouse, who stands to benefit the unions.

these companies should have gone bankrupt in the first place.

[ZorkinStein]

Remember GM's electric car? They should bring that back and say "Fuck the oil companies that buy us out" GM deserves to sink. Plus all American cars are unreliable anyways. Why bail these n00bs out?!

[Britton001]

Why? Have you no knowledge of history? It's a known fact a country cannot thrive without manufacturing. You have no clue how many millions of people around the country are employed directly by the auto industry and how many millions more all over the country that supply parts, material, services, etc. earn a living because of the auto industry. The only reason people wasn't to see them fail is to bust the unions. Have fun making 5 bucks an hour, if there's anything left to make here, that is.

[juggernautxtr]

the union are the exact reason these companies folded. i bet you would love to make 75 an hour. tell me why these fucks need 75 an hour to assemble a fucking car? when an electrician barely makes 25 an hour. Fuck the unions they are the reason these companies are fuct. unions collect money from people to fill some lazy fuck that don't do anything but sit at a desk and collect your monthly dues. Unions are a fucking scam the right to work tax basically.

[Britton001]

It's because of the unions we have the quality of life we do now. It's because of the unions we have retirement programs, it's because of the unions we don't have child labor anymor, it's because of the unions we have a lot of things. It is not the fault of the unions. Back in the 50's and 60's, auto workers made more per hour compared to the then minimum wage than they do now, yet the companies were raking in money hand over fist. Also, auto workers don't make 75 bucks and hour.

[Britton001]

Also, when you're able to get social security checks, please live up to your beliefs and not cash them!

[Tressco]

"Called annoyingly cheerful, once." -

Same here!

Strange, what knowledge does to you...!

[thoughtchallenge]

Could it be that they are preparing for an actual accounting at Fort Knox and need to call in Gold that has been put up as collateral for various reasons.

[trebor0500]

Usa has serious problems but so does every other country. Especially China. I read that the number of rural folk that have lost jobs in the city has reached 20 million (the size of Ausralia)Apart from that serious incidents of rioting and unrest occurred on a daily basis during 2008. So what can be expected in 2009. It sounds like a country that will be struggling just to maintain order within its own borders. To put it mildly that is! We should not write off the USA just yet

[rollsthepaul]

The people that control the money, for the whole world, are not in the least upset, and why should they,the project is proceeding exactly as planned. The US is being dethroned as the world leader and China and others will take the place of the US. Americans will see a severe drop in standard of living, permanently. It may go as far as to have other countries take over the US completely.Anyways, this is a steady march to removing all rights and freedoms and total control of everything people do.

[trebor0500]

certainly if the new amero was to be backed by gold then a good case could be made for us citizens to support the amero and be forced to exchange gold for ameros and doubtless at a pretty stingy rate. But which us citizen would wish to act disloyally to such a call to rally together.

Other countries euro sfr £ might well jump on the bandwagon to support their own ailing paper.

[trebor0500]

And dont forget the old world war 2 newsreel clips of good willed londoners throwing wedding rings and other gold items into collection pots on street corners to help the war effort.

If chaos painted is true this will not be a case of visit your friendly coin dealer or pop a couple of krugers in your pocket and spend them down sainsburys.

Gold aint suging and I'm not surprised

[scjason420]

interesting info...

[minesapint123]

I read that the banks have pretty much lost their battle against bank charge rebates which cant help them. Its good news for me though because I have a £1885 rebate pending. :)

[FeverIAm]

Good news - but they still have 28 days to appeal...

[minesapint123]

And appeal they will Im sure.

Ive been watching a few other videos about the money madness and most people tend to say April/May, things are gonna get pretty rough. Thanks for keeping us up to date.

[FeverIAm]

Well it started as a liquidity crisis; then a credit crisis (as far as it affects joe bloggs) but really it is a derivatives crisis.

They won't tell us that - it's the banksters! It's the government! It's the regulators! It's the PM!

Oh wait - it's the rocket scientists who devised these SIVs...

Or is it most likely to be the greedy investors / gamblers?

Peace (hope the article doesn't hurt too much)

[greenoutlawgreen]

Everyone in the world and especially America needs to see this video, I'm sending this to all my friends.

[valhala56]

The derivatives business is unregulated, CDO's, CDS's who says they got to be paid, the going amount is $55 Trillion. The businesss is unregulated not unederstood and in my view the Hedge funds should just be told, too damn bad you didn't understand what you bought or sold.

People should be made aware of this madness and tell the derivatives people hey fuck you.

[turnoveraction]

What's this all about? From PatriotsforAmerica via abovetopsecret: FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!

[FeverIAm]

I doubt China will go for CA. More likely Alaska.

[gusmosnas]

I love watching your videos ... you always give such different information that really explains all this crazy stuff.

[turnoveraction]

From Daily Telegraph, Friday: Todmorden, West Yorkshire has invoked the WW2 spirit of digging for victory by attempting to become the first in Britain to become self-sufficient in vegetables. Meanwhile, Mervyn King, the Governor of the BofE, has said it is "impossible to say" how much capital will be required to shore up the British banking system. Both examples of 'new realism'?

[Therafterman55]

if your goin to use gold and silver as backers then it would seem to me,,,,, well anyway there is a lot of mother loads to be found ,,, maybe deeper ,,, maybe not who knows,,,

[Therafterman55]

Did you know that a trout has a 2 second memory span,,, no kiddin,,, learned that on the history channel,,,Did you also know that about only 10% of the worlds gold has been found or mined,,

[Therafterman55]

maw1111,, and then paw said Im goin to get that done one of these days,,,

[CaligalinLibrary]

Thanks Mike!

Yes, I've seen the Despondex one. I showed it to a coworker who is like that! LOL. Did you see today's Onion on how kids will not be prepared for the post-apocalypse?

Did you see Russia Today a couple of days ago talking about the Stanford fraud case might be tied in with the CIA and the Mafia?

[tinafiedler1]

VERY informative- thank you!

[maw1111]

Yeah...? - well, I'M a 'white van chick'! - use it for work, but also ripped out the shelves, insulated & lined it, put it a bed/food/supplies/solar panel & battery. I'm ready. It may be 'Home' soon. :))

[stshell]

fort knox lmao

we are a too foregone conclusion now

watch JP Morgan. that's my simplistic litmus test. if JPM starts to go its over

[nextdimensions]

I agree

[BassmasterBling]

I'm glad you came 11:25 to your sences!

[taznruby]

Bravo!!, my friend. Truth spoken.

[psbyowner]

international banker bailouts in trade for US soverign lands... fair trade to the taxpayers? im sure it is for hillary and co..they dont even PAY taxes!

[psbyowner]

just heard the guarantee for US treasuries to china will be US soverign lands...via eminent domain.

[tinafiedler1]

psbyowner:

That scares me- where did you read it?

[forestlight5]

Never again will I consider dropping off the grid.

[czarwright]

much Respect =)

[aw3212]

GM can not be saved...

they need to sell 14 million units to break even (they say with cuts they can make it 12 million or less - yeah right), they are projected to sell 11 million in 2009; they will probably sell 8 million tops.

Their penions are underfunded by 24billion dollars

Their accountants are warning of insolvency - yur kidding?

They will go bankrupt by June, so I guess that means we'll soon find out how bad the CDO problem is.

[FeverIAm]

By then they will have created a new 'corporate entity' to contain the damage; and divided the good from the bad. The problems will start if they do not do it in time...

Peace

[maestros21]

what am i missing here?

if gm crash ,then cdos investors will loose money and the banks will benefit.

this is good for bankers,isnt it?

[FeverIAm]

GM, GE, Citi, BoA the big ones. as they fall, the sCDO holders will have to fund the banks. The money will 'automatically' flow back to the main banks. JPM, etc. It is the plan. It is coming

Peace

[aw3212]

but if it still unravels these CDOs will it matter? GM will still walk away from its debts which means many more companies will fail. They could also walk away from their pension obligations. So I am confused as to what good the new entity would solve? please explain. Thanks

[tetekofa]

' " george lives in a tent...on his back porch.

[SoloCerveza]

USA-Mexico-Canada news

Went yesterday to Walmart to get some food. On the meat section you had the option of:

ground meat from Puerto Rico ($3.50/lb)

or

ground sirloin from USA-MEX-CAN ($2.90/lb)

Which will you pick?

I wonder the cost in AMERO's

[wellingtonsc75]

Ground meat is good for our planet. Animals give off too much methane, which leads to global warming. Take a look at today's Wall Street Journal article, 'Silencing the Lambs: Scientists Target Sheep Belching to Cut Methane.' Baa baa baa Moo moo moo :/

[SoloCerveza]

Mike:

what's up with all these 2020 think tanks?

MOCOM 2020 (mobile communications)

Canada 2020

LEAP 2020

Europe 2020

minnesota 2020

TRANSFORM 2020 (these british wackos "sorry" predict drugs legalization by 2020.

[WorldAcclaimed]

Paranoia Paranoia...Everybody's coming to get me!!!

[FeverIAm]

Is that really the best you can do? How about a reasoned response drgeoffreyboycott?

I have unblocked drgeoffreyboycott so bring it on - in public

[Thyri100]

Mmm....maybe on a good day. I quite like being stupid though. Not very many people can be deliberatly stupid, despite how intelligent they might be. I am getting very good at it. I am buying a bucket of sand next week so that i can be deliberately ignorant too (grin)

[hendrikusi]

YT delaying the news by 4 to 8 hours, thats a great responsebilty!!!!!

you know: one thing about new or news is you can say is how old it is :-)

[bigbook23]

Hey Mike - take a break man! Get some rest and a little extra shut-eye. Lookin' a bit exhausted there dude! Gonna make yourself sick. And then what would we do? :-)

[FeverIAm]

I have actually backed off over the last two days LOL

Tonight I'll be ignoring all this drama and finding my fav bands on YT to listen to! Zoning out now :-)

Thanks for the concern.

Peace

[rydaug79]

Are you a Rush fan? I thought you might be since you're from Toronto.

[FeverIAm]

Oh yes! it's tough to find decent YT videos from them though.

No tonight I'll be focusing on Zeppelin and maybe some Pink Floyd. My eldest is really into Floyd at the moment! And we'll see where it takes me. Might end up at Bowie or euro dance or classical - or maybe some country. You just can't tell with me :-)

[M0LONLABE]

I agree with bigbook23, I'm taking on the same appearance... Gotta get some sleep .... Gotta get my appetite back .... It's ROUGH ... and a LOT to keep up with all that is going on ... MIKE, I UNDERSTAND! IF IT WEREN'T FOR PEEPS LIKE YOU WE WOULD BE DONE FOR. THANK YOU FOR YOUR SACRIFICE. GOD BLESS

[Thyri100]

Mike does. After all his IQ is 'off the scale'. Heh. Mine's 26.

[FeverIAm]

Aw go on - bet it's at least 32 LOL ;-)

[thirstybullet]

but which end of the scale are you referring to ???

[mopme2008]

who the hell could possibly understand credit default mortgage backed derivative CDO swap bundle investments?

[FeverIAm]

It takes time to figure it out. This is the stuff that is REALLY freaking out our 'leaders'. They see the real risk of this. They PRAY no one else gets it. Because this is the end of what we know!

But more to the point, who would be DUMB enough to sign a contract 3 INCHES thick; without wondering - what am I getting myself into?

It is going to end very badly...

Peace

[Thyri100]

I really could not believe it. Who is going to buy that stuff? Do they really think people are that stupid. I mean i know they think the general pop is stupid, after all they made them stupid by design, but THAT stupid? I couldn't stop reading the article. By that reckoning my brain should be mash. It IS mash, but i am fairly sure thats not from Social Networking. Heh.

[Thyri100]

Did you see the front page news yesterday about Social Networking melting kids brains. They pulled some dodgy Neuroscientist out to support it. They want to shut us down badly!

[FeverIAm]

Saw it - Can't you feel it? - I'm melting your BRAINS!!!

BWAH HA HA HA! It is all part of my evil plan... oh wait, is it my plan or the government's plan?

Where do they drag these guys out from? And people call me mad!

Peace

[Thyri100]

Evening Mike - Great videos today. I convinced a friend to subscribe too and he said he is going to pay more attention to the news from now on. One more for the cause...

[FeverIAm]

Good news! The next one might cause them to re-think one or two things :-)

Peace

[FeverIAm]

NOOOOOO! send JakLuk4 to hell! LOL ;-)

Have a good evening Elaine

[TheSpartacat]

Hmmm, are you sure it isn't you that's started this plague on our houses? I mean, "Feveriam" kinda gives it away...?

;-)

[FeverIAm]

errrrh - the fever i feel! Go to sleep silly one!

[bunkermunk]

Mike, thanks for another excellent video. You have quickly risen to the top of Tubers I anxiously await reports from. All the more annoying that YouTube seems to be delaying the release of them since you joined the team. Will this always be so? Or is this a probationary period?

[FeverIAm]

The problem is thus - in order to give everyone 'a good experience', they will first re-encode my video for lo-res; then re-encode for high quality; then re-encode for all the mobile phone formats... and then distribute the video to all the 'server farms' around the world.

When that is complete, THEN they will check to see if I have used copywrite material.

Once that is complete (usually 4-8 hours, depending on how many other partners release videos), THEN they will 'officially release' it.

[powermousey]

Reinhardt? Is he on TheTrain of Thought? He likes to have the morning paper's Crossword solved Words go up words come down Forwards backwards twisted round He grabs a pile of letters from a small suitcase Disappears into an office It's another working day And his thoughts are full of strangers Corridors of naked lights And his mind once full of reason Now there's more than meets the eye

[tdalyy]

Hi Mike would you please explain your social health care system how it works and how people in your country pay for it. Thank you

[NicosMind]

I was looking at an article about the derivitives. Over 600trillion worth floating around. With and estimated 14trillion worth that can go sour. I might check out your article. Was a 1/3 of the way thru the russian one before i went to bed last night.

Well thanks for another vid

[asmundhagen]

I get this message:

"we're sorry, this video is no longer available"

Why?

[Raycheetah]

It happens. YT is buggy as a beehive, these days. Just try again later. =^[.]^=

[FeverIAm]

'buggy as a beehive' LOL - yep, that she is!

[mikeybrumbrum]

I have been saying for ages that the goal posts will move.

The amount of bail out was £500billion, then it was £1Trill, now its £1.3 Trill, and if its still got to go through the "corruption" factor, i reckon its going up to about £4Trill (max 8).

Thats based on the building of wembley stadium !

[ElScampio1978]

Mike,

Cheers for the GATA PAUL CRAIG ROBERTS article.

Kind of confirmed what we had thought all along on the goldismoney forum.

[FeverIAm]

Yep, they been 'playing' in the market to supress it. Hopefully with the news they are moving gold BACK to the reserves this will stop and gold can do it's thing!

[Icanwalkonwater09]

So then just maybe Saddam did have Weapons of Mass Destruction ,targeted at the economy after all .

[CelticReject]

I happened upon the depressant drug for the annoyingly cheerful a few days ago and thought it hilarious.

On a more serious note. What will be the effect on the price of gold if a new currency (Ammero?) is introduced?

[FeverIAm]

They will likely inflate the value to cover the massive debt they have created.

Remember where you heard it first ;-)

Peace

[2bsirius]

I was just thinking that I hadn't seen a FeverIam video today...AND there you were! I love your sidebar. You have so much information there. I do the same thing...Really good stuff!

It's very sad that I won't need to worry about a white van man running me down like a dog...It made street crossing a real adventure.

I'm coming back to the sidebar tomorrow. I'm too exhausted to go through it all tonight. But thank!

[slobomotion]

In the early 1980s I worked in sale-leasebacks, leveraged buyouts, and private placements of debt. What an education, when I saw some of America's richest people freak out when some tax laws were changed and suddenly they had to foot the entire bill of their investments; Never forgot it. Then, I worked in junk bonds . . . Quit in June of 1987.

This recession has me spooked because even the sex industry is hurting.

I'll spare you my personal details . . .

Good video, as usual.

[FeverIAm]

Thanks!

I hear that Playboy is making a loss this year, and is up for sale.

Peace

[FeverIAm]

Oh and PM the personal details LOL ;-)

[wellingtonsc75]

Another great report! As I was driving around town today, I begin to think that maybe the economic collapse is over blown. Shops, restaurants, and businesses are full of people. Maybe here in the US South we are not being hit as hard -- maybe people are in denial or oblivious to what is to come -- maybe people hope the gov't will save them. Unfortunately, we are still at the tip of the iceberg -- it's all the stuff underneath the water that scares the heck out of me.

[FeverIAm]

Yep. Like I said in my earlier video, different places will have different reactions. Parts of California are crumbling, and Michigan is a complete mess but others will thrive (as well as they did before) - but when the markets shift it will start to affect people in unexpected ways.

Peace

[wellingtonsc75]

Yea. I thought about your recent vid. At some point, it will impact all of us to a degree -- some worse than others.

[FriedDaisy]

wellingtonsc75: I've been thinking along those lines, too. When I look around my community (mid-west) & talk to people I know, nothing seems to have changed. Everyone is going about their business in the same way they've always done. Oh sure, we were all being more a lot more frugal last year when gas prices got out of control, and here & there I hear that someone's friend has lost his job, & there seems to be a little less stuff on the shelves at the stores, but that's about it.

[FriedDaisy]

wellingtonsc75: actually I take back my "that's about it" statement. Close friends tell me that their investments are shot & they worry about their future ability to retire with dignity. That's pretty serious stuff.

[thirstybullet]

I live in Louisiana and am intimately connected to the oil and gas industry.... we got 1/3 of America's port traffic too....25% of America's oil and gas comes from the neighboring gulf of mexico and there are a lot of petrochemicals too.... so we dont see it as bad as say Ohio, Michigan, or Kentucky.

[yugster78]

Only prob is that white van man turns into white van burglar...man lol

[FeverIAm]

Hopefully the banks will re-possess his van LOL

[thirstybullet]

try that kind of crime over here in my part of the United States and it will be white van man turns into bullet ridden shit stain on porch.

[thirstybullet]

I cant believe anything george4title says. He pushes a known pump & dump stock operator and conveniently gets these mysterious phone calls which he bases predictions on, which usually turn out wrong.

[FeverIAm]

I am aware - we'll see I suppose!

[hugolp]

I agree. George is not a trustworthy source.

[thirstybullet]

I love your "dont panic" series........ should we do the opposite ???

[scutter4christ]

Mr. Mike-

If you have time, can you do either in vid or in comments, exactly what the implications could be of the whole fort knox gold thing?

I saw the vid george did today. It sounded kinda urgent. But I dont understand the implications of them stocking more gold there.

I just need someone to explain it in real simple terms so my pea brain can understand it. :o)

Thanks!

[FeverIAm]

A theory would be that all the new Treasuries being issued are being turned into gold in anticipation of a USD collapse. A possibility. But don't read too much into it until it is documented elsewhere... I'll keep watch for confirmation!

[trebor0500]

re george4title

lets hope fort knox is not putting some new shelving in ready to confiscate all privately held us gold bullion as roosevelt did in 1933 and then silver bullion in 1934.How did he manage that ?

well the alternative was a $10 000 fine or 10 years in prison or both. Some meagre compensation was offered but the present us situation looks far worse than 1933. Maybe the amero would be offered in exchange for gold but at what rate?

[vassilischr]

Seems to be a problem with the GM link.

[FeverIAm]

Dodgy Marketwatch URL; I have edited description; sorry you'll have to copy and paste it!

[Larkvall]

GM story link not working.

[FeverIAm]

Thanks - it's the stupid Marketwatch URTL Format... I'll post it as text; you'll have to copy and paste :-(

[doobsta]

yep, GM and RBS are two key organisations which need to be kept afloat!

remember 8-9, from R?

;)

[FeverIAm]

We're not supposed to know ;)

[exodik]

anyone see the geitner interview???

i have never seen so many viens

on one forehead!

I swear hat guy keeps his

vascular circulatory system

on the outside of his body

and just puts make-up on

like 'the Joker'

[TheSpartacat]

Doh! I missed the vid, its gone... oh well, at least the links are still here

[FeverIAm]

Try again; no idea what is going on with YT...

[TheSpartacat]

Ah, there it is... thx!

[maestros21]

i read Niall Ferguson's article.this is my conclusion;

Niall Ferguson is a front-man for the Rothschild cartel -- as officially sanctioned biographer he served as a moutpiece for the economic elite. Don't just celebrate that fact that his logical commentary seems prescient; in the final analysis, he too is spewing propaganda.

[exodik]

the Great Recession??? that's lame!

what about Global Economic Shitstorm???

or 3rd Dark Age? or maybe the Eazy Cheezee Catsup Culture Mickey Mouse Meltdown?

[FeverIAm]

I agree! I'm going for Eazy Cheeszee - eh how about ECCCMM Meltdown!

[mexxx8732]

whats the name of the video you said we need to see to see how companies are connected

[FeverIAm]

Who really benefits from the GM Chrysler Bailout?

[hellavadeal]

The guys with the jets and brief cases?

[FeverIAm]

Worse - the guys that funded them!