Be a freegan. Take advantage of free shit every time you can. Dumpster dive for perfectly good food that grocery stores toss. Look on freecycleorg if you need new clothes or shit for your house. Mend old shit instead of buying new. Look for coffee shops having free coffee day, look out for coupons that come in the mail offering free food at restaurants with no purchase necessary. Put your phone on vacation hold. Travel by bike so you don't buy gas. Very possible to survive w/out a lot of cash.
George, I see the same things you see and I am fearful. My fear comes because of responsible people in positions of power, blind, deaf, and mute. Everything is all right, we are in a recovery, don't pay attention to those doomsayers. We are the experts, we know better, WOE, upon us !
Why don t you get out from California State? Here in Washington, DC is a little better about jobs. I found a permanent jobs, thanks God and I recommend to move out from that crap state.
George look in wikipedia Early 1980s recession you will find a report showing similiarities with the savings and loans scandals. Very similiar to what we have today. The only problem is in todays economy we will not be able to raise interest rates to 20% like we did in the reagan years.
The closest comparison i can think of george is what happened in the jimmy carter era. High inflation along with the cost of fuel and food was expensive. What got us out of the problem is that in the Regan administration interest rates were raised to about 20%. imagine paying 20% rates on an auto or home loan. money market accounts paying 12%. This collapse is gonna make the jimmy carter era look like disneyland.
@TheCashistrash The FED is boxed-in this time. They cannot raise rates. In 1981, rates hit a high of 18.5%. What happened over the next 30 years? Rates dropped and wages rose... creating a perfect bubble. But again, rates CANNOT be raised this time, or they WILL crater an already vulnerable housing market. Prediction; expect home prices to slowly rise in sand belts, but watch as prices fall throughout the rest of the country in the coming years (20% plus).
Some of the mega rich are already beginning to flee the country. The super rich know what is coming Devaluation of our currency by lets say 50% in one year will lead to increase in price for consumables by 100% since it will take twice the dollars to buy the same things. The inflation will ramp up slowly at first and gain momentum the fed will then raise interest rates to curb inflation but inflation will outpace the rate increase
As the market goes up in price due to inflation. People start to sell some stock to purchase consumables which in turn drives profits up which leads to higher prices in stocks. employment will start to ramp up but inflation will go up faster than peoples real wages. So you are right inflation is coming. Every time there is massive amounts of money printing and low interest rates it is followed by huge inflation years later.
High mobility will help to some degree, but this is a GLOBAL crisis, so even they will not be as secure as they may think - it will just take a little longer before they get hit hard as well.
My loved ones live here in the US, and I'll stay right here, where we can support each other.
I'm a little surprised and quite pleased to hear George allude, albeit vaguely, to peak oil. Its like the elephant in the living room that no one wants to talk about...
Take care of there, George. Demcad is also stress like you and me. If you need sleep, force yourself to sleep in order to relax your mind and body. Drink a little beer. It will help, man. Everybodys is stress nowadays with what is happening to the world. Thanks.====tbc====....
who is recovering? 2009 was the year of bailouts 2010 will be the year of reality.
i love it consolidating well thats a nice way to say getting kicked out of your house. 2009 had 3TRILLION in bailouts plus there were far more working 2010 that is not the case. get ready for some hard times ahead
The "recovery" is a result of tax refunds and census jobs. With credit disappering daily we are headed into a long-term recession ( like Japan's lost decade) at best or Zimbabwe God forbid at worst.
The weather here in the Philippines is so hot, George. There's a heatwave here in the Philippines but they make it rain to cover up that there is something wrong with earth's magnetosphere and rotation and the sun in correlation to the 666 of that woman who join the two pageants. Lot's of people getting sick with the temperature and the chemtrails. With the trains, not fema but more of anarchy and rebellion against ptbs. Fema will also be screw. Thanks.====tbc====....
The CEO of TrimTabs claims that the Fed is buying into the futures market, this is being done after the NYSE closes. This is why the Dow has risen to 11,000. It just seems weird that the market has risen to a high level when no one is really buying into the market. The Fed or another entity in conjunction with the Fed is buying into the market to keep it propped up and rising. No one else has the money needed to pull this off. The day this gets exposed = Dow <6,000
Hyperinflation is a rare event, but if it does happen, then people should really escape the US pronto. I do agree with that, because things here will get draconian real fast.
Likely the US will nuke one of its own cities overnight, then carry out a retaliation way before anyone knows what's going on. In the aftermath, there will be martial law. I won't be surprised.
Hey G4T , Jenna Jameson the porn star is tweeting about all the homeless near the freeways on the way to Huntington Beach. I couldnt believe it, this girl needs to have her eyes opened about the NWO.
if you want to know America's future, read the book of Exodus or go rent the 10 commandments. Replace all the faces in the movie with black people. 400 yrs in Egypt & 400 yrs in America. It's time for God to come back for the chosen people of God. What dose this mean for you? History is going to repeat itself, Obama is Pharaoh & God is calling the house of Judah to come out!! of America. what does this mean to you? watch the movie, After God came for his people he destroyed Egypt. GET OUT NOW
Heard on cnbc people aren't paying there mortgage . They are spending the money other places which makes it look like the economy is getting better. I think if this is true the banks are in big trouble- get your money out of banks keep it at home.
I would not say that people are in a euphoria during Hyperinflation, perhaps a word you would like better would be panic. I will be penalized for holding onto cash so I'd better go out and buy something that won't shrink before my eyes. I could see stores quickly exhausting their inventories and not being able to purchase more goods because our currency would be anathema to any exporter.
Whoever is thinks we are recovering are a bunch of fools.
How can a bankrupt government save a bankrupt banking system?
Government is not god. Why do people treat it as such? Why do people from both parties treat politicians like they are holy priests? They can't do the impossible. Government can't even fix itself.
Whoever thinks that doing the same thing over and over, and expects that were recovering, is insane.
I agree that mobility is and will continue to be important. But, when the US dollar crashes, it will destroy the economy worldwide. Where would you go to escape what is to come?
Abolish the Federal Reserve, Cancel all Derivative Contracts, End all Military Occupations and Close all Foreign Military Bases. and please "nuke" Goldman Sachs!!!!
I know you are highlighting 'inflation' in your videos but you should also point out the possible deflationary collapse scenario that follows. Bob Chapman is saying that this will be the way things will play out 12-18 months from now, and he's usually right. He understands what the 'elitists' are up to and his mission is to expose them, whilst helping out the other 95% of the people on the planet. Good video tho George...cool and calm helps you to think more clearly.
Hyperinflation & currency collapses happen very fast. Even overnight. Once people know that the dollar is worthless, they will race to the stores to get what they can. Especially food. I've read that in other countries, it happened overnight, there is no time to start stocking up. There are signs to look for when a currency collapses, and we've already seen many of the signs.
Good point..and I agree high mobility and of course money will get you further then staying put.. I was watching a program on albert einstein..He got the hell out of dodge before it was too late.
"The illusion of freedom will continue for as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, pull back the curtains, and you will see the brick wall at the back of the theater." Frank Zappa
"The two greatest obstacles to democracy in the United States are, first the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it
You can blame the stupid populace, but when it comes down to it, the banks preyed on the stupidity of these people. They would not have been able to buy a 1/2 million dollar house, have 5 credit cards and be making payments on 2 Cadillac Escalades on a $20k/year salary if the lenders did not allow it.
Shit WILL hit the fan and when it does, I confide in George's opinion that you need to be as mobile as possible. Even if that means leaving the country.
Two things one can do to prepare for hyperinflation ... stock storable food and other essentials (meds, vitamins, alternative lighting and cooking), and KEEP YOUR GAS TANKS (and heating tanks) FULL.
Take a clue from the story of the "wise and foolish virgins" ... ye know not the hour!
Hi George. I read Bob Livingston a lot. If you GOOGLE his name you can find him. He is a GOOD SOURCE on this HYPERINFLATION thing and mainly economics in general. I know you already know about Gerald Celante. YES you are CORRECT. My take...the DOLLAR DEVALUED late THIS YEAR. That spells DOOM!!!
Inflation has been the plan all along. The gov cannot repay all this debt in real terms, the only way is to reduce the value of the debt (via inflation) and repay in the future with lower valued money. What the gov does not want to do is lose control over this process of steady inflation. If they lose control then hyperinflation may become a reality, which would likely be a disaster. Confidence is key for them, which is why they even go so far as to lie to the world in order to maintain it.
LEAVE THE COUNTRY!!!!! WHY??? do you really think it will be any better in another country???? This is global!!!!!!!!!!! Stay where you know the area or at least the country. How foolish, go somewhere that you don't know, in a life threatening situation. At least here you can find some woods to live in, and SPEAK ENGLISH!!!!
Your thinking like a businessman, think like a human. What do you do if the money is one day just gone. What if you can't buy food. Work on that, or is it the one thing you just won't accept. They won't need to transport us for a while, when everyone is already needy. People will go to the camps because they won't know better.
Why talk Real Estate? It's toast, FOREVER, at least in our lifetime. The Treasury Sec. and China? get it? the dollar crash, get it? People are getting quiet and zero-ing in on what they need to do. Many think it will be over by June, Sept. or no later than Dec., 2010. Just Get Ready! Yes, IT WILL BE VERY VERY BAD
Our groceries have OVER DOUBLED, gas is already going up here, and everyone has already cut back to the point of not being able to cut anymore. YOU JUST DON'T HEAR ABOUT IT ON TV, BUT EVERYONE IS SEEING IT. Quiet is because everyone KNOWS, and they are working at getting ready for what's to come.
How can you talk of Tax Reform, the Fed. etc. when just about everyone knows that the writing is on the wall. People can't change anything. The INFLATION has been in my state for a long time, and INFLATION'S design is to FINISH US OFF. Your living at the front lines of what is happening, what has happened there will get worse, and it will happen in more states, as it has in many already.
I am a cabenit maker and own my own business. I have not had a job for 14 months. :( I went into my malenine supplier and he told me the cost for melanine is going up and 7/16 osb is now 11.49, 6 months ago it was 7.00. If the cost of materials goes up, it will be a short recovery in the home building sector.
NOPE. NO Hyper-Inflation coming! They have stopped QE (Printing), not one thin dime of it has made it into the real economy. We already had Hyper-Inflation, we have actually had 50 years of High Inflation. Now we will have Decades of Deflation- Deflationary Depression, look at Japan for example! I like George' videos and I do agree we are screwed and the worst is still in front of us, BUT NO INFLATION is coming! NONE! ZIP! DEFLATIONARY DEPRESSION!
Is gold and silver legal US tender or not ? If it is by law what's the central bank up to emitting worthless paper and all other government accepting it as valuable?
Same process happened in Zimbabwe notice the hamster public did nothing about the subversion either ?
@boots920 Why the name calling? I am always open to debate but screaming Zimbabwe is not going to help us right now. Fact: US law allows for paper currency. If this weren't the case why don't you go and sue. And btw, are you a constitutional lawyer? Most of those seem to agree that the USD is legal tender
@Futarius2050 I am always open to debate but screaming Zimbabwe is not going to help us right now. No its just an example of what the US government is up to? Counterfeiting currency destroys your society and the majority of taxpayers end up dead.
Its not nice to pay taxes so the government can murder your ass.
Ya George. What are you talking about. The recovery is over. Life is perfect. The TV told me so. I mean how can any one say that things are bad. Look Georgy, the recession is over. I know because i saw it on TV. If i saw it on TV than it must be true.
"on the ground stories on hyperinflation"? Read economics 101 or take a class. It will answer your questions why hyperinflation is utterly unlikely in this country.
@boots920 hyperinflation is defined as 50% inflation per month. If that were the case since 1971 we would have $1000000000 bills by now. Inflation yes but not even close to hyperinflation!
@boots920 inflation yes and that is healthy, just no hyperinflation of 50% per month! The pm markets might be rigged but so is everything else and none of the "collapse" that has been peddled by George for 3 years has happened. You really believe it will all implode soon? I used to but after years of preps I am having my doubts now. There si such a thing as perpetual balance of discomfort
inflation yes and that is healthy, - That's ridiculous
Ya see buddy what's going on now is the US debt can't mathematically be paid off, so the frickin US corrupt government is counterfeiting currency to keep the cess pool system propped up.
The reason gold's going up is there's no confidence in the PAPER anymore.
You live in la la land...so do the majority of Americans or Football fans.
@boots920 ridiculous? Look at ANY economics textbook?! The alternative would be deflation which is much scarier. A little inflation (1% - 2% pa) is the safest way to keep the economy moving. If, of course, you prefer limiting money supply to the available stored gold, there would be little to no inflation and little to no economic activity since transactions far outstrip available gold. Neither American nor football fan here, "buddy"
Read Article 1 Section 8 and 10 of the US constitution
Bills of Credit are illegal currency there's no sense getting up in the morning and going to work if the Central Bank is counterfeiting currency right?
All world currency is based on the value of the US dollar (bill of credit) when it resets to 0 so do all the other pieces of paper. The planet's toast... buddy.
@Futarius2050 - Price of gold since 1971 has confirmed the occurrence.
It occurred in 1913 - that's what subversion is all about, you ignore the rule of law (gold and silver is US legal tender) the result is your society implodes without any football fan objecting.
Example - Nixon's executive order (Nixon was a crook) ended sound money.
Its a ponzi scam you don't know you're a victim until it affects you personally.
@boots920 and when does it affect me personally or most Americans? I am talking about collapse, not the current crisis which still has people eating and rule of law persisting...
@boots920 urban redevelopment issues are not due to a declining currency... if you call the $ and FED as guilty parties you should compare poverty levels prior to 1913 and today! also, wasn't the question hyperinflation? I stand by my statements that there is nor will be hyperinflation. If you believe in the big bang (martial law etc) please explain when you believe it will occur
@boots920 Zimbabwe is a different story than Detroit... and again I do not deny there is a crisis. I just don't believe in FEMA camps and hyperinflation. I think we have both made our points more than once now
Depleted Uranium use in Iraq - the Iraqi people's gene pool has been destroyed till the end of time, just like Agent Orange has for the people of Vietnam ,
All funded by funny money and the Nazi USA state. (Subversion of the Geneva Convention)
Not your problem right ?
Zimbabwe imploded because Mugabe counterfeited his currency, society imploding is a symptom of subversion. US FED note = PAPER and its being counterfeited. Gold price proves this.
G4Title good video as always... hope this Mad Max scenario never happens here in the USA, although I do see the possibility of it happening. Our Gov is out of control and spending like no tomorrow along with borrowing/printing dollars to fund shortfalls in the budget. We will have a Sovereign Default and by Alan Greenspan's own theories we will default in the near future. See Greenspan-Guidotti rule on Wikipedia. Peace
@boots920 what is never going to happen? a sovereign default...if your hard assets (reserves) are less than your short term debt (external debt due in the next 12 months) the debtor nation will default on their debt. If this happens hold on, for gold and silver prices will have exponential growth.
@leykisfan1 Not praying for it, just expecting it. George is not alone in this. Many people disagree with the decisions being made. And there is a VERY REAL chance that we are about to go through some seriously bad stuff.
The US gov't needs to cut spending drastically, especially millitary spending. If they don't do so, there will be a hyperinflationnary collapse within 4 years.
Bullshit, there is no recovery, it is a sham, the market is surging due to the flow of stimulas money, when the stimulas money runs out caput! end game the partys over!
no weapon formed against me shall prosper. No kind of weapon formed against America shall prosper. Do not live in propoganda fear. do not believe in the dark vision being sent out on the air waves. Believe in the positive force that brought us here. God is good. Last I heard Iceland did not stand down and defeated the central bank coup de ta. No weapon formed against America shall prosper. God bless. keep the faith. much love bro.. peace. get some rest.
any temporary improvement in the economy will cause an increase in the demand in commodities like gas and manufacturing materials. Question would be is the economy still "resiliant" enough to with stand that? I dont think so. I think the economy will not hold up through the summer.
I hope that the media can sell us all the idea that the economy is getting better and everyone will fall into line like lemmings and start spending money and there will be jobs and things will get better. I will be the first one to praise Obama, the magical black man. Time for interest rates to go back up so we can attract and KEEP foreign investors in our USA markets. Time for our Jewish masters who play a shell game with our stock market to play pump instead of dump with our stock market.
I think money will lose value but slowly, not quickly.
Oil, gold, food... in one year will doble price and so on.
Very bad news will come in the next years here in Europe and also in the US but the System will make as if nothing is happening although many people will be without a job for years and years...
The US and Europe will become some kind of Third World countries but officially will be not recognised
George what I'm seeing over here in northern california is people making more money than they ever did before, people collecting unemployment, collecting foodstamps, AND working under the table, alot of women are babysitting for their friends at a discount, and alot of guys are working full time and sometimes with alot of overtime, so for some being laid off was the best thing that ever happened to them.......
It's a shame that the majority of us will suffer from the bad decisions of the few. Looking back we can say giving people loans who really can't afford them and having a Fed to micro manage money and a government whose heart is bigger than their personal pocket book, was the perfect storm and at least we didn't cause this mess. I only wish we had a solution that produced results in stopping the further bad decision making. But how do we stop the Fed the government and the have nots?
@LokiScoutSniper Why is everyone blaming the banks? Im not an american citizen but I have to say your society seems to be dumbed down to the point of not knowing their own limits. Each person who borrowed money from the banks knew their own financial situation and should know better that they would not be able to make repayments, the banks didnt force them to borrow the money, they decided to buy that big screen television, car, entertainment. So no I blame the stupid people
@george4title How you come to a conclusion like that? your society is brainwashed by heavy advertising to buy moar material goods and things they dont really need, the citizens should know their own limits, the bank is in business to make money, its like if you sell cigrettes and someone gets lung damage can you blame the cigrette shop who sold you for all these years? Sure the governments in eu and usa wasted billions on war this problem is the citizens for allowing it to happen
@george4title ...sorry George but if people lived within their means none of this ever would have happened. I have no sympathy for people who buy on credit.
@george4title Systemic? This was only systemic for those who lived above their means. I understand where cristoretomebilia is coming from. I drove the same car for years. My friends would buy a new car every year. I rented my apartment; while others mortgaged their souls for 30 years on an ARM loan they couldn't afford. Sure this was systemic but only for those who fell for it with their greed!
@Richardcuz420 that is what they want you to think. in reality it was a flood of the market with credit that could never be paid back. I was a banker and I personally was trained on how to put every one of our customers into debt. I was a premier banker and handled accounts with big money in them. It was our job to get all of their business and that often meant offering a lower interest on an existing well funded mortgage.
@Richardcuz420 I remember when myself and another older banker woman talked about what we were doing. . . Wells fargo was offering credit cards, mortgages, equity loans, business loans, car loans and lines of credit to people without social security numbers. When I first was trained I was shocked that so much money was given to mexican nationals who would later run out on all that debt back to mexico [especially here in AZ where we put a law against employers who hire illegals]
@cristoretornebiblia I do blame the have nots to an extent I thought I made that clear but there is more to it. I don't live outside my means, I was raised to buy things with cash don't have cash to bad then. Credit is abused not used wisely. And we find ourselves in our present situation. Then you have the government or Fed who steps in with good intentions and makes the situation worse. The most dangerous power to give someone is the control of other people's money.
@cristoretornebiblia It wasn't just the banks. There were the wars, government decisions, etc that hit at once to make this happen. The banks were at fault for not projecting what the outcome of their decisions would be in addition to loaning money to people who didn't qualify for the aforementioned loans properly. That was mismanagement and certainly was their fault. The stupid people, in this case,were in charge of the banks.
@cristoretornebiblia The banks stopped lending causing the crash. It was the banks that over lent to the point where they could not continue to lend anymore. It wasn't the American citizen that forced the banks to lend money they couldn't afford to loan out.
In a fiat economy all money is created by loans and backed by people who work to pay off those loans. Yes this includes whatever country your from.
@danie123182 YES BUT YOU ARE TOO YOUNG to remember history! My grandparents when through this in the depression - it was the exact same thing that happened to bring us into the DESIRE to have the federal reserve! 1913 started this process - but it came together after the 1929 crash.
The bankers are doing the EXACT SAME THINGS now as they did then -
did you know they were buying up all the gold and silver during the 1920's?
@danie123182 -Woodrow Wilson said on his death bed after signing the Federal Reserve into existence
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated."
-Woodrow Wilson "The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
tell that to the man who lives in his 200k+ house for 12 years, then loses his job and is forced to lose his house, when for the 12 years he made payments that added up to the purchase price. The banks made all the interest payments up front and the man hardly paid down his mortgage. Banks lose nothing, they got their money, they adjust the selling price and start the scam over again.
@cristoretornebiblia I agree to a point. Their were plenty of people trying to game the system as prices on homes rose, but a lot of regular buyers just buying a home had little choice but to pay market prices for those homes. When the bubble burst and prices fell, those folks found themselves upside down on there home as well as there mortgage reset because the refi money was no longer available to lock in a decent rate of interest. There home went down in value and payment doubled.
@cristoretornebiblia The banks are at fault. They are in charge of the money. Yes, the people were dumb for taking out loans they could not afford, but ultimately the entire collapse will be at the hands of the banks. This is like saying a Mom gave her son the rent money to hold onto and the son spent it all. Who's fault is this? It is the mom's fault. She was in control. This entire crisis is the bank's fault. They should have not made bad loans, and compromised the entire system.
@TheLiddlekiddle I never heard it put that way.I think you hit the hammer on the head of the nail."It is the mom's fault.She was in control"....They were giving loans to unemployed people and people who were living on very low wages.That's like giving your last dollar to a child who has a bad drug problem......
@cristoretornebiblia Unfortunately then you haven't read what actually happened here, how people were lied & manipulated into mortgage agreements that experienced attorney's can barely figure out. It was systematic theft. And when you're working 80+ hrs a week, w/o time to review & learn, you believe your real estate agent is doing right by you. Only to find out they were all part of the scam.
@cristoretornebiblia You're right. But what are the non-stupid people supposed to do? The banks are giving cheap money away to stupid people, and it devalues the non-stupid peoples savings. The only way to get out of the way of inflation is to buy something (commodities). So then you buy something, and then the system collapses and your purchases lose 50 percent of their value. It is forced speculation, or devaluation through inflation. Prices rose in the past 9 years 4x's.
@theoriginalanomaly In 2001 price of gold was 300, gas was .80-1.00 a gallon, bread was about 1.00, and the list goes on. In 9 years of inflation caused by banks and stupid people prices have rose at least 4 times. So do smart people stay in cash and let their value drop to 1/4 the value? There will always be a very long line for stupid people lining up for next to free money, it is the banks that give it out. They went bust (thank god), and then we were forced to bail them out.
@theoriginalanomaly If you remove the risk of lending, then of course they are going to hand out money to anyone and everyone. This hurts the whole economy.
@theoriginalanomaly Non stupid people if they are to be called that should know full well you should not have wads of cash stuffed into banks, in the old days that brown paper was under the matteress, the smart people I know in 2007-8 when Northern rock in uk failed took their money and purchased gold/silver and food.
@cristoretornebiblia That is my point. Gold/silver halved when the systemic collapse occured. This was caused by the inflation/deflation which was caused by the banks. The banks did not then go belly up, instead the same people were then forced into recapitalizing the banks. And you don't see any problem in this? Not to mention that the same banks are now using our money to suppress the prices of those mentioned assets. (No, no all this is due to stupid people. That is stupid.)
@theoriginalanomaly And it is letting the banks get away with it... so I guess your right, it is happening because of stupid people and stupid opinions such as this.
Feds want inflation because that is the only way we can pay our huge debt. The other option is deflation and the politicians do not want to face that. Middle class and people on fixed income will suffer during this period. Invest in investments that do well during inflation. I don't think we will have hyperinflation but we will have high inflation like the 1970's.
There won't be a civil war, though there may be tremendous unrest. The government will put price controls on things like food & fuel, which will cause HUGE shortages. Mobility won't be an issue when a police state is in place. The best thing to do is to be out in the country, and always armed at all times. Live in groups.
Be a freegan. Take advantage of free shit every time you can. Dumpster dive for perfectly good food that grocery stores toss. Look on freecycleorg if you need new clothes or shit for your house. Mend old shit instead of buying new. Look for coffee shops having free coffee day, look out for coupons that come in the mail offering free food at restaurants with no purchase necessary. Put your phone on vacation hold. Travel by bike so you don't buy gas. Very possible to survive w/out a lot of cash.
rockstarofredondo 1 year ago
George, I see the same things you see and I am fearful. My fear comes because of responsible people in positions of power, blind, deaf, and mute. Everything is all right, we are in a recovery, don't pay attention to those doomsayers. We are the experts, we know better, WOE, upon us !
mattja52 1 year ago
George
Why don t you get out from California State? Here in Washington, DC is a little better about jobs. I found a permanent jobs, thanks God and I recommend to move out from that crap state.
frenteperiodistico 1 year ago
dude get a hair cut!!!!!!! but good info yo!!!!!
druco2003 1 year ago
@druco2003 Haircuts cost money. George is trying to live the life of a freegan. Good on him.
rockstarofredondo 1 year ago
The movie is called "Meltup."
brothermikefan 1 year ago
BUM!
joeyjupiter77 1 year ago
there want be anywhere to hide. there a saying you can run but cant hide. they say got milk. But i say you got Jesus.hes the only way.
Mrsfaithful4eva 1 year ago
George look in wikipedia Early 1980s recession you will find a report showing similiarities with the savings and loans scandals. Very similiar to what we have today. The only problem is in todays economy we will not be able to raise interest rates to 20% like we did in the reagan years.
TheCashistrash 1 year ago
The closest comparison i can think of george is what happened in the jimmy carter era. High inflation along with the cost of fuel and food was expensive. What got us out of the problem is that in the Regan administration interest rates were raised to about 20%. imagine paying 20% rates on an auto or home loan. money market accounts paying 12%. This collapse is gonna make the jimmy carter era look like disneyland.
TheCashistrash 1 year ago
@TheCashistrash The FED is boxed-in this time. They cannot raise rates. In 1981, rates hit a high of 18.5%. What happened over the next 30 years? Rates dropped and wages rose... creating a perfect bubble. But again, rates CANNOT be raised this time, or they WILL crater an already vulnerable housing market. Prediction; expect home prices to slowly rise in sand belts, but watch as prices fall throughout the rest of the country in the coming years (20% plus).
aspenmogul 1 year ago
Some of the mega rich are already beginning to flee the country. The super rich know what is coming Devaluation of our currency by lets say 50% in one year will lead to increase in price for consumables by 100% since it will take twice the dollars to buy the same things. The inflation will ramp up slowly at first and gain momentum the fed will then raise interest rates to curb inflation but inflation will outpace the rate increase
TheCashistrash 1 year ago
As the market goes up in price due to inflation. People start to sell some stock to purchase consumables which in turn drives profits up which leads to higher prices in stocks. employment will start to ramp up but inflation will go up faster than peoples real wages. So you are right inflation is coming. Every time there is massive amounts of money printing and low interest rates it is followed by huge inflation years later.
TheCashistrash 1 year ago
HOW ABOUT A FOOD STORAGE VIDEO?
24602400 1 year ago
End the income tax.
End entitlement programs.
End the federal reserve.
End the federal government.
nano34228 1 year ago
Comment removed
nano34228 1 year ago
U LOOK
elmuneco12 1 year ago
Look at germany before ww2....
NaziJewMason 1 year ago
Box cars, FEMA Camps, sounds like the NWO has some population culling in mind.
valhala56 1 year ago
SEC Files Suit Against Goldman Sachs nytimesDOTcom/2010/04/17/business/17goldmanDOThtml?hp
Highly mobile - tents, camp gear, water purification, U.S. Silver coins
MzProgressive 1 year ago
Here's some new "numbers" today..
3. Riverside-San Bernardino-Ontario, Calif.
Net Population Change, 2006-2009: 4.40%
Per Capita Gross Domestic Product: $32,403.49
Change in New Building Permits, February 2007-February 2010: -65.69%
Change in Unemployment, January 2007-January 2010: 177.78%
Change in New Jobs Added, February 2007 - February 2010: -12.94%
Change in Median Home Price from Market Peak: -44%
nyc2socal 1 year ago
George do you know why Google / Youtube NEEDS our phone numbers now to logon to YouTube? Are they using this info to "TRACK" us now???
nyc2socal 1 year ago
High mobility will help to some degree, but this is a GLOBAL crisis, so even they will not be as secure as they may think - it will just take a little longer before they get hit hard as well.
My loved ones live here in the US, and I'll stay right here, where we can support each other.
theroilsoil 1 year ago
this is the high before the low.. look for the down turn it will be by the end of the yr
eredy 1 year ago
George It's been Debauched since 1933..there is no such thing as money
It's all Debt and the paper you have in your pocket is a NOTE..read it.
MihiLibertas 1 year ago
Well said...
rentonsentinel 1 year ago
I'm a little surprised and quite pleased to hear George allude, albeit vaguely, to peak oil. Its like the elephant in the living room that no one wants to talk about...
jrcowles86 1 year ago
hi george, nice video as usual,
there are only 2 ways out for the US gov debt mess:
1 completely default on his debt of over 90 Trillions(they will never admit it, or do it..)
2 print their way out (FED)and rise interest rates so high trying to balance the consequences of iperinflation @ probably double digits...
basically dollars are going to be like wall papers and then...
3 distract people bringing us into a the new global war (aka IRAN or similar)
manu707070 1 year ago
hi george, nice video as usual,
there are only 2 ways out for the US gov debt mess:
1 completely default on his debt of over 90 Trillions(they will never admit it, or do it..)
2 print their way out (FED)and rise interest rates so high trying to balance the consequences of iperinflation @ probably double digits...
basically dollars are going to be like wall papers and then...
3 distract people bringing us into a the new global war (aka IRAN or similar)
manu707070 1 year ago
Take care of there, George. Demcad is also stress like you and me. If you need sleep, force yourself to sleep in order to relax your mind and body. Drink a little beer. It will help, man. Everybodys is stress nowadays with what is happening to the world. Thanks.====tbc====....
edgarocs 1 year ago
who is recovering? 2009 was the year of bailouts 2010 will be the year of reality.
i love it consolidating well thats a nice way to say getting kicked out of your house. 2009 had 3TRILLION in bailouts plus there were far more working 2010 that is not the case. get ready for some hard times ahead
cbr6864 1 year ago
?....Georgia & Florida, MAD Homeless Families !....Do you want me to talk to them ?...LOL !...What recovery ? !
ART1975CZ 1 year ago
... for the Wiemar Republic for which we stand. I think most of the thinking people have already figured out that we are going the way of Argentina.
gli96187 1 year ago
This has been flagged as spam show
The "recovery" is a result of tax refunds and census jobs. With credit disappering daily we are headed into a long-term recession ( like Japan's lost decade) at best or Zimbabwe God forbid at worst.
tom12658 1 year ago
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tom12658 1 year ago
The weather here in the Philippines is so hot, George. There's a heatwave here in the Philippines but they make it rain to cover up that there is something wrong with earth's magnetosphere and rotation and the sun in correlation to the 666 of that woman who join the two pageants. Lot's of people getting sick with the temperature and the chemtrails. With the trains, not fema but more of anarchy and rebellion against ptbs. Fema will also be screw. Thanks.====tbc====....
edgarocs 1 year ago
WHAT RECOVERY!!???????? The stimulus is running out!!!!!!
the beginning of the end
deut429 1 year ago
paper money> >bubble>>recession>> >stimulus>>inflation>more stimulus>>hyperinflation>>price controls>>shortages>>bank runs>>riots>>troops on your streets>>martial law>> camps
wash ,rinse, repeat...
krickification 1 year ago 10
Lol... If any of you had to Study Ecomomics fo school... you would HATE IT!! But if you want to know more about it... you get addicted!
just a thought :D
MrZEPOVINHO 1 year ago
I absolutely love economics. Besides Math and English, I believe the study of Economics should be an essential subject in school.
ornelas3830 1 year ago
The CEO of TrimTabs claims that the Fed is buying into the futures market, this is being done after the NYSE closes. This is why the Dow has risen to 11,000. It just seems weird that the market has risen to a high level when no one is really buying into the market. The Fed or another entity in conjunction with the Fed is buying into the market to keep it propped up and rising. No one else has the money needed to pull this off. The day this gets exposed = Dow <6,000
BadMonkeySyndrome 1 year ago
Comment removed
otherworlds13 1 year ago
Hyperinflation is a rare event, but if it does happen, then people should really escape the US pronto. I do agree with that, because things here will get draconian real fast.
Likely the US will nuke one of its own cities overnight, then carry out a retaliation way before anyone knows what's going on. In the aftermath, there will be martial law. I won't be surprised.
powergirl901 1 year ago
the worst is yet to come
homertalk 1 year ago 2
Hey G4T , Jenna Jameson the porn star is tweeting about all the homeless near the freeways on the way to Huntington Beach. I couldnt believe it, this girl needs to have her eyes opened about the NWO.
starrstruck2003 1 year ago
FEMA Camps? I don't think so.
Well, maybe those that are so incapable of taking care of themselves, and those who are lemmings depending on teh govt.
You won't see anybody taking anything from our area. Rural area where neighbors hang together. Small state, where the entire state hangs together.
NDbeautifulbadlands 1 year ago
if you want to know America's future, read the book of Exodus or go rent the 10 commandments. Replace all the faces in the movie with black people. 400 yrs in Egypt & 400 yrs in America. It's time for God to come back for the chosen people of God. What dose this mean for you? History is going to repeat itself, Obama is Pharaoh & God is calling the house of Judah to come out!! of America. what does this mean to you? watch the movie, After God came for his people he destroyed Egypt. GET OUT NOW
TheVee909 1 year ago
Weimar Republic of Germany. BAD things happened from their bout of hyperinflation....aka opening the political door for Hitler to come along
NDbeautifulbadlands 1 year ago
subjer0
"Priest are holy"...made me chuckle.
katzcradul 1 year ago
an interesting thought might be, are the "fema camps" located on or close to railways. are they?
mmffxx 1 year ago
Heard on cnbc people aren't paying there mortgage . They are spending the money other places which makes it look like the economy is getting better. I think if this is true the banks are in big trouble- get your money out of banks keep it at home.
sljs1010 1 year ago
@consdel2000
Some signs of economic collapse & possible currency meltdown:
1. Rising oil prices
2. Commercial Real Estate defaults
3. Pension Collapse
4. State fiscal collapses
5. Collapse of Eastern European countries or other countries to spur contagion
6. Retail struggles
and of course, residential mortgage defaults & high unemployment
alycephoto 1 year ago 9
I would not say that people are in a euphoria during Hyperinflation, perhaps a word you would like better would be panic. I will be penalized for holding onto cash so I'd better go out and buy something that won't shrink before my eyes. I could see stores quickly exhausting their inventories and not being able to purchase more goods because our currency would be anathema to any exporter.
penguinistas 1 year ago
Recovery=Coverup. This is simply buying time for the next major conflict to be sold to the people. You'll have jobs then.
Antoniac123 1 year ago
AMAZING
amcanmike 1 year ago
Whoever is thinks we are recovering are a bunch of fools.
How can a bankrupt government save a bankrupt banking system?
Government is not god. Why do people treat it as such? Why do people from both parties treat politicians like they are holy priests? They can't do the impossible. Government can't even fix itself.
Whoever thinks that doing the same thing over and over, and expects that were recovering, is insane.
subjer0 1 year ago 2
I agree that mobility is and will continue to be important. But, when the US dollar crashes, it will destroy the economy worldwide. Where would you go to escape what is to come?
hooya1111 1 year ago
You should run for office. Your heart is in the right place. THAT is the only thing REALLY important in a public official.
craigenputtock 1 year ago
Abolish the Federal Reserve, Cancel all Derivative Contracts, End all Military Occupations and Close all Foreign Military Bases. and please "nuke" Goldman Sachs!!!!
traynickel 1 year ago
I know you are highlighting 'inflation' in your videos but you should also point out the possible deflationary collapse scenario that follows. Bob Chapman is saying that this will be the way things will play out 12-18 months from now, and he's usually right. He understands what the 'elitists' are up to and his mission is to expose them, whilst helping out the other 95% of the people on the planet. Good video tho George...cool and calm helps you to think more clearly.
campeona5 1 year ago
Hyperinflation & currency collapses happen very fast. Even overnight. Once people know that the dollar is worthless, they will race to the stores to get what they can. Especially food. I've read that in other countries, it happened overnight, there is no time to start stocking up. There are signs to look for when a currency collapses, and we've already seen many of the signs.
alycephoto 1 year ago
George, are you planning to leave the country when it happens? The people who are leaving, where are the going? Is anywhere safe?
BSGarrison 1 year ago
Good point..and I agree high mobility and of course money will get you further then staying put.. I was watching a program on albert einstein..He got the hell out of dodge before it was too late.
RyDawg084 1 year ago
"The illusion of freedom will continue for as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, pull back the curtains, and you will see the brick wall at the back of the theater." Frank Zappa
"The two greatest obstacles to democracy in the United States are, first the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it
louis12346 1 year ago
You can blame the stupid populace, but when it comes down to it, the banks preyed on the stupidity of these people. They would not have been able to buy a 1/2 million dollar house, have 5 credit cards and be making payments on 2 Cadillac Escalades on a $20k/year salary if the lenders did not allow it.
Shit WILL hit the fan and when it does, I confide in George's opinion that you need to be as mobile as possible. Even if that means leaving the country.
BMWg84 1 year ago
Two things one can do to prepare for hyperinflation ... stock storable food and other essentials (meds, vitamins, alternative lighting and cooking), and KEEP YOUR GAS TANKS (and heating tanks) FULL.
Take a clue from the story of the "wise and foolish virgins" ... ye know not the hour!
MzProgressive 1 year ago
AY,we all go thru things...understood.
SAMHOUSTON56 1 year ago
Hi George. I read Bob Livingston a lot. If you GOOGLE his name you can find him. He is a GOOD SOURCE on this HYPERINFLATION thing and mainly economics in general. I know you already know about Gerald Celante. YES you are CORRECT. My take...the DOLLAR DEVALUED late THIS YEAR. That spells DOOM!!!
BigRocky99 1 year ago
All good points, but I think you missed a big one;
Until we stop sending jobs over seas by buying things made there we cant, and will never, recover!
We cant be a world power selling hamburgers to each other or fixing each others cars
It just doesnt work that way.
We must bring money into the country if we are to make it.
phantomcharger 1 year ago 2
Inflation has been the plan all along. The gov cannot repay all this debt in real terms, the only way is to reduce the value of the debt (via inflation) and repay in the future with lower valued money. What the gov does not want to do is lose control over this process of steady inflation. If they lose control then hyperinflation may become a reality, which would likely be a disaster. Confidence is key for them, which is why they even go so far as to lie to the world in order to maintain it.
john2knj 1 year ago
LEAVE THE COUNTRY!!!!! WHY??? do you really think it will be any better in another country???? This is global!!!!!!!!!!! Stay where you know the area or at least the country. How foolish, go somewhere that you don't know, in a life threatening situation. At least here you can find some woods to live in, and SPEAK ENGLISH!!!!
Sheila6325 1 year ago
Your thinking like a businessman, think like a human. What do you do if the money is one day just gone. What if you can't buy food. Work on that, or is it the one thing you just won't accept. They won't need to transport us for a while, when everyone is already needy. People will go to the camps because they won't know better.
Sheila6325 1 year ago
Why talk Real Estate? It's toast, FOREVER, at least in our lifetime. The Treasury Sec. and China? get it? the dollar crash, get it? People are getting quiet and zero-ing in on what they need to do. Many think it will be over by June, Sept. or no later than Dec., 2010. Just Get Ready! Yes, IT WILL BE VERY VERY BAD
Sheila6325 1 year ago
Our groceries have OVER DOUBLED, gas is already going up here, and everyone has already cut back to the point of not being able to cut anymore. YOU JUST DON'T HEAR ABOUT IT ON TV, BUT EVERYONE IS SEEING IT. Quiet is because everyone KNOWS, and they are working at getting ready for what's to come.
Sheila6325 1 year ago
How can you talk of Tax Reform, the Fed. etc. when just about everyone knows that the writing is on the wall. People can't change anything. The INFLATION has been in my state for a long time, and INFLATION'S design is to FINISH US OFF. Your living at the front lines of what is happening, what has happened there will get worse, and it will happen in more states, as it has in many already.
Sheila6325 1 year ago
all the money for the recovery is from the Federal and Government Stimulus has put money into the system for short term.
Yesterday on Sunday people did go shopping. But it really felt like not as many people was out in the area like usually.
idrobinhood 1 year ago
I am a cabenit maker and own my own business. I have not had a job for 14 months. :( I went into my malenine supplier and he told me the cost for melanine is going up and 7/16 osb is now 11.49, 6 months ago it was 7.00. If the cost of materials goes up, it will be a short recovery in the home building sector.
PaterasSatyrs 1 year ago
NOPE. NO Hyper-Inflation coming! They have stopped QE (Printing), not one thin dime of it has made it into the real economy. We already had Hyper-Inflation, we have actually had 50 years of High Inflation. Now we will have Decades of Deflation- Deflationary Depression, look at Japan for example! I like George' videos and I do agree we are screwed and the worst is still in front of us, BUT NO INFLATION is coming! NONE! ZIP! DEFLATIONARY DEPRESSION!
truthislibertyus 1 year ago
@truthislibertyus finally someone has a clue
Futarius2050 1 year ago
@Futarius2050 - What kind of idiot are you ?
Is gold and silver legal US tender or not ? If it is by law what's the central bank up to emitting worthless paper and all other government accepting it as valuable?
Same process happened in Zimbabwe notice the hamster public did nothing about the subversion either ?
boots920 1 year ago
@boots920 Why the name calling? I am always open to debate but screaming Zimbabwe is not going to help us right now. Fact: US law allows for paper currency. If this weren't the case why don't you go and sue. And btw, are you a constitutional lawyer? Most of those seem to agree that the USD is legal tender
Futarius2050 1 year ago
Comment removed
boots920 1 year ago
@Futarius2050 I am always open to debate but screaming Zimbabwe is not going to help us right now. No its just an example of what the US government is up to? Counterfeiting currency destroys your society and the majority of taxpayers end up dead.
Its not nice to pay taxes so the government can murder your ass.
boots920 1 year ago
@Futarius2050
Why the name calling ?
- Because you're a traitor to the people I am always open to debate but screaming Zimbabwe is not going to help us right now.
- Zimbabwe is an example of the government fucks creating trillions out of thin air ,
Most of those seem to agree that the USD is legal tender
- only gold and silver is legal US tender (by LAW)
boots920 1 year ago
@Futarius2050 The issue is not whether or not the USD is "legal tender" but whether or not a fiat currency is sustainable.......
andrewh817 1 year ago
@truthislibertyus
How come the price of food in approaching hyper - inflationary levels ?
Some food products have gone up 40% in a month.
Can't get blood from a stone
Can't get value from counterfeit illegal currency
boots920 1 year ago
Personally, I see no recovery and I think anyone who can, should get out of the US now, while they still can.
SuperScreamingEagle 1 year ago
@SuperScreamingEagle
The coward's solution !!!
Why don't the American people stand up for their constitution for once ?
Price of gold says the US government is counterfeiting currency, hold the people in positions of power accountable.
Go where the US Fed Note is world reserve ? You'll run into the same issues no matter what country you go to.
boots920 1 year ago
US Federal Reserve Note - illegal currency - "Bill of credit" since 1971
Question
Why do governments around the world accept worthless bills of credit for their valuable goods and services.
The difference with this hyper-inflation it will be the entire global economy.
All fiat money is based on the value of the US dollar.
How much in worthless fed notes do the central banks own ?
boots920 1 year ago
The dollar in a distributor's pocket will devalue as fast as the one in yours George.. they can horde if they want, but to no avail!!!
stayingawake20 1 year ago
Thanks George - looking forward to the new documentary !
artdeco101010 1 year ago
Ya George. What are you talking about. The recovery is over. Life is perfect. The TV told me so. I mean how can any one say that things are bad. Look Georgy, the recession is over. I know because i saw it on TV. If i saw it on TV than it must be true.
scottrex33 1 year ago
"on the ground stories on hyperinflation"? Read economics 101 or take a class. It will answer your questions why hyperinflation is utterly unlikely in this country.
Futarius2050 1 year ago
@Futarius2050
The US dollar has been in hyper-inflation since 1971.
Consider - gold and silver coin is legal US tender
Federal Reserve Note - illegal currency
Gold Vs. Federal Reserve Note - Purchasing Value
1971 Gold $35 in Federal Reserve Notes
2010 Gold $1160 unstable it changes daily in Federal Reserve Notes
boots920 1 year ago
@boots920 hyperinflation is defined as 50% inflation per month. If that were the case since 1971 we would have $1000000000 bills by now. Inflation yes but not even close to hyperinflation!
Futarius2050 1 year ago
@Futarius2050
Its been a 100 years of inflation every since the creation of the Federal Reserve.
By LAW not a grey area monetary inflation (purchasing value of US currency is guaranteed)
Have you heard about the manipulation of the precious metal markets yet ?
How much in worthless fed notes do the central banks hold around the world ?
boots920 1 year ago
@boots920 inflation yes and that is healthy, just no hyperinflation of 50% per month! The pm markets might be rigged but so is everything else and none of the "collapse" that has been peddled by George for 3 years has happened. You really believe it will all implode soon? I used to but after years of preps I am having my doubts now. There si such a thing as perpetual balance of discomfort
Futarius2050 1 year ago
@Futarius2050
inflation yes and that is healthy, - That's ridiculous
Ya see buddy what's going on now is the US debt can't mathematically be paid off, so the frickin US corrupt government is counterfeiting currency to keep the cess pool system propped up.
The reason gold's going up is there's no confidence in the PAPER anymore.
You live in la la land...so do the majority of Americans or Football fans.
boots920 1 year ago
@boots920 ridiculous? Look at ANY economics textbook?! The alternative would be deflation which is much scarier. A little inflation (1% - 2% pa) is the safest way to keep the economy moving. If, of course, you prefer limiting money supply to the available stored gold, there would be little to no inflation and little to no economic activity since transactions far outstrip available gold. Neither American nor football fan here, "buddy"
Futarius2050 1 year ago
@Futarius2050
Read Article 1 Section 8 and 10 of the US constitution
Bills of Credit are illegal currency there's no sense getting up in the morning and going to work if the Central Bank is counterfeiting currency right?
All world currency is based on the value of the US dollar (bill of credit) when it resets to 0 so do all the other pieces of paper. The planet's toast... buddy.
boots920 1 year ago
@boots920 and when is that supposed to occur? George said 2008, then 2009, now 2015...any proposed deadline for this "prediction"?
Futarius2050 1 year ago
@Futarius2050 - Price of gold since 1971 has confirmed the occurrence.
It occurred in 1913 - that's what subversion is all about, you ignore the rule of law (gold and silver is US legal tender) the result is your society implodes without any football fan objecting.
Example - Nixon's executive order (Nixon was a crook) ended sound money.
Its a ponzi scam you don't know you're a victim until it affects you personally.
boots920 1 year ago
@boots920 and when does it affect me personally or most Americans? I am talking about collapse, not the current crisis which still has people eating and rule of law persisting...
Futarius2050 1 year ago
@Futarius2050
"and when does it affect me personally or most Americans?"
Do you presently have food, currency, shelter and a high standard of living ?
There's an UNKNOWN amount of Americans that don't.
Is that acceptable (not your problem right) ?
Look at Detroit City - 30 empty sky scrappers - Is that acceptable ?
Not your problem it doesn't affect you personally.
boots920 1 year ago
@boots920 urban redevelopment issues are not due to a declining currency... if you call the $ and FED as guilty parties you should compare poverty levels prior to 1913 and today! also, wasn't the question hyperinflation? I stand by my statements that there is nor will be hyperinflation. If you believe in the big bang (martial law etc) please explain when you believe it will occur
Futarius2050 1 year ago
@Futarius2050
urban redevelopment issues are not due to a declining currency.
Zimbabwe was the richest in Africa now its the poorest, society has imploded.
Mugabe counterfeited his currency, so's the US government.
- Explain why a $20 Face Value Double Eagle now costs $1800 in bills of credit?
Are you wealthy ? Does the present crisis cause you discomfort or as long as you can maintain your standard of living you could give a rat's ass ?
boots920 1 year ago
@boots920 Zimbabwe is a different story than Detroit... and again I do not deny there is a crisis. I just don't believe in FEMA camps and hyperinflation. I think we have both made our points more than once now
Futarius2050 1 year ago
@Futarius2050
Depleted Uranium use in Iraq - the Iraqi people's gene pool has been destroyed till the end of time, just like Agent Orange has for the people of Vietnam ,
All funded by funny money and the Nazi USA state. (Subversion of the Geneva Convention)
Not your problem right ?
Zimbabwe imploded because Mugabe counterfeited his currency, society imploding is a symptom of subversion. US FED note = PAPER and its being counterfeited. Gold price proves this.
boots920 1 year ago
Unfortunately you r correct
buzzz121 1 year ago
I think Buffett bought trains to position himself for Government money for the Bullet train projects.
PressForFreedom 1 year ago
G4Title good video as always... hope this Mad Max scenario never happens here in the USA, although I do see the possibility of it happening. Our Gov is out of control and spending like no tomorrow along with borrowing/printing dollars to fund shortfalls in the budget. We will have a Sovereign Default and by Alan Greenspan's own theories we will default in the near future. See Greenspan-Guidotti rule on Wikipedia. Peace
lizadfuel 1 year ago
@lizadfuel
Never Happen - You're in denial of reality Why is the price of US legal tender so high ie gold and silver ?
boots920 1 year ago
@boots920 what is never going to happen? a sovereign default...if your hard assets (reserves) are less than your short term debt (external debt due in the next 12 months) the debtor nation will default on their debt. If this happens hold on, for gold and silver prices will have exponential growth.
lizadfuel 1 year ago
dude, are you praying for a complete collapse? It really sounds like it.
leykisfan1 1 year ago 2
@leykisfan1 Not praying for it, just expecting it. George is not alone in this. Many people disagree with the decisions being made. And there is a VERY REAL chance that we are about to go through some seriously bad stuff.
To ignore these signs is VERY unwise.
TheGrayman1234 1 year ago
"They've" been saying the economy is recovering for over a year now. Youre reasoning for hyper-inflation sounds logical to me.
khamdoun 1 year ago
@khamdoun he has peddled hyperinflation for 2 years and it has not happened!
Futarius2050 1 year ago
easy question: how much money has been printed and debt destroyed compared with how much credit was created over the last 50 years - which is bigger?
Massive deflation round two, then once all the gold bulls are taken out they will jump into gold,
martialarm 1 year ago
The US gov't needs to cut spending drastically, especially millitary spending. If they don't do so, there will be a hyperinflationnary collapse within 4 years.
Ape65 1 year ago
Bullshit, there is no recovery, it is a sham, the market is surging due to the flow of stimulas money, when the stimulas money runs out caput! end game the partys over!
joeb1963 1 year ago
no weapon formed against me shall prosper. No kind of weapon formed against America shall prosper. Do not live in propoganda fear. do not believe in the dark vision being sent out on the air waves. Believe in the positive force that brought us here. God is good. Last I heard Iceland did not stand down and defeated the central bank coup de ta. No weapon formed against America shall prosper. God bless. keep the faith. much love bro.. peace. get some rest.
Mariposakisses 1 year ago
any temporary improvement in the economy will cause an increase in the demand in commodities like gas and manufacturing materials. Question would be is the economy still "resiliant" enough to with stand that? I dont think so. I think the economy will not hold up through the summer.
limitedplay 1 year ago
I hope that the media can sell us all the idea that the economy is getting better and everyone will fall into line like lemmings and start spending money and there will be jobs and things will get better. I will be the first one to praise Obama, the magical black man. Time for interest rates to go back up so we can attract and KEEP foreign investors in our USA markets. Time for our Jewish masters who play a shell game with our stock market to play pump instead of dump with our stock market.
FatPigCypris 1 year ago
I think money will lose value but slowly, not quickly.
Oil, gold, food... in one year will doble price and so on.
Very bad news will come in the next years here in Europe and also in the US but the System will make as if nothing is happening although many people will be without a job for years and years...
The US and Europe will become some kind of Third World countries but officially will be not recognised
BITARTEN2 1 year ago
hOW MUCH CASH DID YOU MAKE OFF OF THIS VID, COMPADRE?
idk3k1 1 year ago
HAHA Youtube went back to the original rate system interface!! YEESSsSSSSS
teo829 1 year ago
@teo829 I still have like/dislike.
christheferal 1 year ago
i think your right on George, ive had similar thoughts as far as the economy, Great thoughts and good video.
vidarjens 1 year ago
I been asking everyone, what are the solutions. The great depression is coming. Start buying all the Silver you can mannnnn!
charlesfuchs 1 year ago
When the US has 1 Quadtrillion derivavtives and trillions of liabilities to meet - you've got a problem.
yaplonglong 1 year ago
George what I'm seeing over here in northern california is people making more money than they ever did before, people collecting unemployment, collecting foodstamps, AND working under the table, alot of women are babysitting for their friends at a discount, and alot of guys are working full time and sometimes with alot of overtime, so for some being laid off was the best thing that ever happened to them.......
cheeple 1 year ago
It's a shame that the majority of us will suffer from the bad decisions of the few. Looking back we can say giving people loans who really can't afford them and having a Fed to micro manage money and a government whose heart is bigger than their personal pocket book, was the perfect storm and at least we didn't cause this mess. I only wish we had a solution that produced results in stopping the further bad decision making. But how do we stop the Fed the government and the have nots?
LokiScoutSniper 1 year ago
@LokiScoutSniper Why is everyone blaming the banks? Im not an american citizen but I have to say your society seems to be dumbed down to the point of not knowing their own limits. Each person who borrowed money from the banks knew their own financial situation and should know better that they would not be able to make repayments, the banks didnt force them to borrow the money, they decided to buy that big screen television, car, entertainment. So no I blame the stupid people
cristoretornebiblia 1 year ago
@cristoretornebiblia hard to blame the people. this was systematic
george4title 1 year ago
@george4title How you come to a conclusion like that? your society is brainwashed by heavy advertising to buy moar material goods and things they dont really need, the citizens should know their own limits, the bank is in business to make money, its like if you sell cigrettes and someone gets lung damage can you blame the cigrette shop who sold you for all these years? Sure the governments in eu and usa wasted billions on war this problem is the citizens for allowing it to happen
cristoretornebiblia 1 year ago
@george4title ...sorry George but if people lived within their means none of this ever would have happened. I have no sympathy for people who buy on credit.
justgetsome 1 year ago
@george4title The sheeple just won't take responsibility for their decisions.
edmack4me 1 year ago
@george4title Systemic? This was only systemic for those who lived above their means. I understand where cristoretomebilia is coming from. I drove the same car for years. My friends would buy a new car every year. I rented my apartment; while others mortgaged their souls for 30 years on an ARM loan they couldn't afford. Sure this was systemic but only for those who fell for it with their greed!
Richardcuz420 1 year ago
@Richardcuz420 that is what they want you to think. in reality it was a flood of the market with credit that could never be paid back. I was a banker and I personally was trained on how to put every one of our customers into debt. I was a premier banker and handled accounts with big money in them. It was our job to get all of their business and that often meant offering a lower interest on an existing well funded mortgage.
ALL FOR THE BROKER DOLLARS YOU SEE
it is not just those over extending
BlessedONE333returnz 1 year ago
@Richardcuz420 I remember when myself and another older banker woman talked about what we were doing. . . Wells fargo was offering credit cards, mortgages, equity loans, business loans, car loans and lines of credit to people without social security numbers. When I first was trained I was shocked that so much money was given to mexican nationals who would later run out on all that debt back to mexico [especially here in AZ where we put a law against employers who hire illegals]
it was WHACKED!
BlessedONE333returnz 1 year ago
@cristoretornebiblia I do blame the have nots to an extent I thought I made that clear but there is more to it. I don't live outside my means, I was raised to buy things with cash don't have cash to bad then. Credit is abused not used wisely. And we find ourselves in our present situation. Then you have the government or Fed who steps in with good intentions and makes the situation worse. The most dangerous power to give someone is the control of other people's money.
LokiScoutSniper 1 year ago
@cristoretornebiblia Its all the advertising that we are bombarded with all the time.
Credit is too easy and everyone goes along with it.
Someone said that debt is the slavery of the free.
very true.
binky4647 1 year ago
@cristoretornebiblia It wasn't just the banks. There were the wars, government decisions, etc that hit at once to make this happen. The banks were at fault for not projecting what the outcome of their decisions would be in addition to loaning money to people who didn't qualify for the aforementioned loans properly. That was mismanagement and certainly was their fault. The stupid people, in this case,were in charge of the banks.
Decapoe 1 year ago
@cristoretornebiblia. Please refrain from insulting societies which you don't know very well.
Decapoe 1 year ago
@cristoretornebiblia The banks stopped lending causing the crash. It was the banks that over lent to the point where they could not continue to lend anymore. It wasn't the American citizen that forced the banks to lend money they couldn't afford to loan out.
In a fiat economy all money is created by loans and backed by people who work to pay off those loans. Yes this includes whatever country your from.
danie123182 1 year ago
@danie123182 YES BUT YOU ARE TOO YOUNG to remember history! My grandparents when through this in the depression - it was the exact same thing that happened to bring us into the DESIRE to have the federal reserve! 1913 started this process - but it came together after the 1929 crash.
The bankers are doing the EXACT SAME THINGS now as they did then -
did you know they were buying up all the gold and silver during the 1920's?
lol they have been doing this a long time man!
BlessedONE333returnz 1 year ago
@danie123182 -Woodrow Wilson said on his death bed after signing the Federal Reserve into existence
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated."
[cont on part 2]
BlessedONE333returnz 1 year ago
@danie123182 [Part 2 cont]
-Woodrow Wilson "The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
BlessedONE333returnz 1 year ago
tell that to the man who lives in his 200k+ house for 12 years, then loses his job and is forced to lose his house, when for the 12 years he made payments that added up to the purchase price. The banks made all the interest payments up front and the man hardly paid down his mortgage. Banks lose nothing, they got their money, they adjust the selling price and start the scam over again.
bullreporter 1 year ago
@cristoretornebiblia I agree to a point. Their were plenty of people trying to game the system as prices on homes rose, but a lot of regular buyers just buying a home had little choice but to pay market prices for those homes. When the bubble burst and prices fell, those folks found themselves upside down on there home as well as there mortgage reset because the refi money was no longer available to lock in a decent rate of interest. There home went down in value and payment doubled.
62636263c 1 year ago
@cristoretornebiblia The banks are at fault. They are in charge of the money. Yes, the people were dumb for taking out loans they could not afford, but ultimately the entire collapse will be at the hands of the banks. This is like saying a Mom gave her son the rent money to hold onto and the son spent it all. Who's fault is this? It is the mom's fault. She was in control. This entire crisis is the bank's fault. They should have not made bad loans, and compromised the entire system.
TheLiddlekiddle 1 year ago
@TheLiddlekiddle I never heard it put that way.I think you hit the hammer on the head of the nail."It is the mom's fault.She was in control"....They were giving loans to unemployed people and people who were living on very low wages.That's like giving your last dollar to a child who has a bad drug problem......
SuperUnlawful 1 year ago
@TheLiddlekiddle we are dealing with adults here my friend not children, dumb adults
cristoretornebiblia 1 year ago
@cristoretornebiblia Unfortunately then you haven't read what actually happened here, how people were lied & manipulated into mortgage agreements that experienced attorney's can barely figure out. It was systematic theft. And when you're working 80+ hrs a week, w/o time to review & learn, you believe your real estate agent is doing right by you. Only to find out they were all part of the scam.
As for Credit Cards, that's not the problem.
gerrilea1 1 year ago
@cristoretornebiblia
Fractional reserve banking is to blame..the whole economic downturn is calculated...
neanam 1 year ago
@cristoretornebiblia You're right. But what are the non-stupid people supposed to do? The banks are giving cheap money away to stupid people, and it devalues the non-stupid peoples savings. The only way to get out of the way of inflation is to buy something (commodities). So then you buy something, and then the system collapses and your purchases lose 50 percent of their value. It is forced speculation, or devaluation through inflation. Prices rose in the past 9 years 4x's.
theoriginalanomaly 1 year ago
@theoriginalanomaly In 2001 price of gold was 300, gas was .80-1.00 a gallon, bread was about 1.00, and the list goes on. In 9 years of inflation caused by banks and stupid people prices have rose at least 4 times. So do smart people stay in cash and let their value drop to 1/4 the value? There will always be a very long line for stupid people lining up for next to free money, it is the banks that give it out. They went bust (thank god), and then we were forced to bail them out.
theoriginalanomaly 1 year ago
@theoriginalanomaly If you remove the risk of lending, then of course they are going to hand out money to anyone and everyone. This hurts the whole economy.
theoriginalanomaly 1 year ago
@theoriginalanomaly Non stupid people if they are to be called that should know full well you should not have wads of cash stuffed into banks, in the old days that brown paper was under the matteress, the smart people I know in 2007-8 when Northern rock in uk failed took their money and purchased gold/silver and food.
cristoretornebiblia 1 year ago
@cristoretornebiblia That is my point. Gold/silver halved when the systemic collapse occured. This was caused by the inflation/deflation which was caused by the banks. The banks did not then go belly up, instead the same people were then forced into recapitalizing the banks. And you don't see any problem in this? Not to mention that the same banks are now using our money to suppress the prices of those mentioned assets. (No, no all this is due to stupid people. That is stupid.)
theoriginalanomaly 1 year ago
@theoriginalanomaly And it is letting the banks get away with it... so I guess your right, it is happening because of stupid people and stupid opinions such as this.
theoriginalanomaly 1 year ago
@LokiScoutSniper this has been repeated before. bad luck we are living though this now. tacke care Loki
george4title 1 year ago
@george4title Your right I am sounding like a old broken record. Take care too bro.
LokiScoutSniper 1 year ago
sleep does seem hard to find the last 5-6 days or so.
odin422 1 year ago
@odin422 you too...stay strong brother
george4title 1 year ago
Looking foward to you guys next video.
chrisficki 1 year ago
@chrisficki thanks chris
george4title 1 year ago
Great video *****
elboyo2009 1 year ago
Feds want inflation because that is the only way we can pay our huge debt. The other option is deflation and the politicians do not want to face that. Middle class and people on fixed income will suffer during this period. Invest in investments that do well during inflation. I don't think we will have hyperinflation but we will have high inflation like the 1970's.
fee1776 1 year ago
@fee1776 agreed... the question is will they be able to control it
george4title 1 year ago
There won't be a civil war, though there may be tremendous unrest. The government will put price controls on things like food & fuel, which will cause HUGE shortages. Mobility won't be an issue when a police state is in place. The best thing to do is to be out in the country, and always armed at all times. Live in groups.
veritasfiles 1 year ago
@veritasfiles I agree with mos of what you say. but during massive unrest, the best prospects are often to leave
george4title 1 year ago