How many years of college did it take for that economist to figure out that if you don't have a paycheck, you can't support a mortgage? Here's your sign!
are the people responsible for wtc 7's collapse the same responsible for the bailouts and the coming depression? i think we need the spirit of 1776 back in America in the worst way...
@soilworkr I agree we just have to stop letting them divide us! We may disagree on some issues but we all agree that were tired of this crap down with both parties death to the republicrats! and thier puppet masters
I don't understand much of economics. However this man is genius.What he predicted in march 08, actually happened in sept-08. So I will believe whatever he says.
He's no genius, and I think he would agree. If you look at the real numbers, anyone with average intelligence can glean exactly what is going on. The government is in complete and total denial and obfuscation mode at this point.
Smart governments would cajole, support and protect their middle class. They should do this in cooperation with business since pay and benefits issues arise with the passage of time. Good monetary management would prevent inflation. Thus, the masses would be flush and the rich and poor would be happy to see this. Workers should also get special access to company stock. Unfortunately, it did not work out that way. What happened was that the middle class jobs (production) went overseas.
It is ridiculous that everytime I work, social security is being deducted out of my weekly paycheck.......while it is losing revenue and value as well. What is the point of paying into something is or will have utterly nothing in it. If the government can stop double dipping into social security, we migth have something. Other than that, I prefer saving that social security for my own. The government does not have a right to do this at all.
Obama will tank this economy to depression levels by the end of his term. Socialism has failed everywhere it has been tried which is why the Europeans are electing more conservative governments. The U.S. is broke.
Policy really began being implemented with Reagan. Only one trillion in debt 1980But Nixon was the one that set the stage when he took the dollar off the gold standard and sold our soul to the Chinese (1971). The goal was take the power from working class which is what you see happening in front of your eyes. It would have started in 1960 but Kennedy won that election so they had to wait until Nixon, at last, took the helm of state.
your leaders have been following a well scripted plan for at least 25 years the world can no longer support America let alone support all the other nations now living with a similar standard.
and as certain as you are of what you are saying i am more certain of this
3% of the worlds population(American middle class) uses 25% of the oil and other resources
this can no longer be allowed to remain as the bar for all other nations to achieve. Thus this is not a recession nor is it a depression or any other type of temporary event but a contrived permanent reality
note that if the american middle class (btw, don't agree with the premis) stopped consuming those resources, 25% of the people in the world would be unemployed.
They want to take the 25% Americans consume and spread to china and others for a more uniform consumption level.
China rises as America falls
America looks like a bombed out country
Germany and Japan both leveled in ww2 now are modern and new .
They may keep telling you it's a world wide
financial mess but only USA looks bombed out , 13 trillion looted, jobs gutted and the people raped by buffoonish banking practices that now has everything bankrupt
The dollar will collapse but it is a flawed currency to begin with. US may BK due to debt. But many capitalist countries have BK'ed. The US financial system needs to be shaken up. The roots of this began with Vietnam and later Reaganomics. Anyone who is educated in economics knows this shit. No surprise there. There will be no war with China unless we start one either. But this will last at least 10 yrs at least. But you cant expect a short rebound AFTER SO MUCH EXCESS.
Depreciation due to over supply of homes and defaults caused AIG and insurers and unregulated finance banks to fail causing 50 TRILLION in IPC (Int. Pol. Economy) to vanish in the past 6 months. This crushed our lending system. Obama is doing a balancing act. 1. Patch up economy. 2. Give US health care- guaranteeing reelection. 3. Re-patch economy later this year or in 2010. Everyone Prof. Univ.'s knows this shit. Everyone else is obviously slow. Get out of the dollar. New currency on the way.
Countries are limiting exposure to bonds as I write. Let me get this straight? When you say 44 percent are you saying the US lost roughly 60 million taxpayers? Think about it? The US gov, local gov and their affiliates employ half the people. So are you saying no one else is employed but the gov? Get real. Also, the drop in housing is due to the collapse of over leveraged banks peddling loans to foreigners freezing the financial system.
Treasury bonds are the last bubble. But any Univ. college class will tell you that vast capital flight out of the US economy due to neo-liberal economics (econ 101) ironically has spurned short term reinvestment in the US economy. Simply because, investors have few other markets as large as the US. Heavy regulation is in the pipeline and so are higher taxes, inflation and a new currency. What you omit is that major cities may see turmoil.(LA, NY) Rural areas will be better off.
No man, you are behind the times. This is old news to many. Maybe not the youtube crowd. 2004-05 many knew and all you had to do was subscribe to the WSJ and look at mortgage securities being flipped to China. I knew and others knew. Dont get to carried away.
IT IS ONE OUT OF 12 AND THERE IS NO HOUSING MAKET, This has happen before many times before, it is my market. The only difference here is that financing was globally creative. Many in this market today thinks this is the first time and its not. We owe security over 100 trillion so dont count on it....I hear this on CNBC/BBC/, nothing new.... One world currency on its way......My resume, in business over 20 years.....
In world exist arrangement of basic governments concerning gold, & control gold price system through huge volume of futures contracts.
Rise in price of gold the biggest enemy of strong dollar, as to dollar try to give property of the Uniform Measure of Value in which quality only gold always was used.
However, when dollar will fail, gold will fly up to heavens.
When you compare Gold with Toyota still it's necessary to consider that real inflation in US is shown not in goods, in services & financial actives, i.e. it much more above declared.
I do agree that once the dollar weakens, Gold will have to go up,just not so some of the levels a lot of people wish it would. I do not believe the dollar will fail either, devalued yes, fail, I doubt it.
Incorrect to compare growth gold price to growth goods. Because inflation in US is expressed in services (for example, growth cost of the medical insurance). It's necessary compare to a rise in prices of services.
However, attempts to keep growth gold price visible even in comparison with other valuable metals, silver, platinum, any...
As I consider that present economic "crisis" is not periodic (what it present into mass-media, as in classical capitalism to Bretton-Woods agreements), & there is a structural disbalance that is visible on US interbranch balance - is will lead to decrease in world demand for 25 % (in USA at first on 35 %, & later on 45 % during depression), it will inevitably lead to destruction of existing world economic system.
Actually, destruction has begun in 2000, however very few people has noticed it, then all mass-media spoke about economy growth. Loss by dollar function of world settlement, reserve currency & uniform measure of value at lifting of the gold prices it's almost inevitable. Most likely it remains US national currency. World system becomes polycurrency with zones of influence of each currency.
I would argue that the very beginnings of the current problems started way back in 1972 with the establishment of the Federal Reserve and the elimination of the Gold Standard.
Reserve was started in 1913/19 72 off the gold standard. Yes this will last longer than 10 years and wars over this will begin. our taxes goes to reserve for debt payment.
Yes, you are absolutely correct, I bungled up my sentence.....should have said 'when the established Federal Reserve eliminated the gold standard'....
It's actually simple... Republicans want mioney given to banks and businesses for their use... Democrats want monies set aside for jobs since jobs provide tax base and allow people to continue to pay their motgages. Republicans are working toward a depression when we can all start from scratch...what do you want?
See the article on the Drudge Report entitled "Temporary workers mask joblessness." It indicates that when you add in those who quit looking for a job or are working part time because they can't find fulltime work, the unemployment figure reaches 15.8%.
Could be that job losses are decelerating because the low hanging fruit is off the employment tree. It is the CUMULATIVE impact that will weigh heavy on the economy going forward. As VV says, extended unemployment benefits will be expiring as the job market is worse and worse. Article on Drudge today, 1 in every 6 dollars to families is now from the gubment. Obama must be proud!
It just occurred to me that that perhaps the reason for this fake rally is because historically no recession since the Great Depression has lasted more than 16 months. 16 months from Dec. 07 is April/May 2009.
The markets have fully priced in a recovery based on 80 years of history. I believe what they fail to take into account is that this no garden variety recession.
I second Eybeemz, huge dump coming later this summer/early fall when the morons realize this.
One of these days the Dow is going to take a big shit; a monstrous multi thousand point dump. It's been feeding on bad news but thiswill catch up to it, it has to purge sometime.
I think Peter Schiff has it right. Look for the DOW to equal one ounce of Gold. With Gold at 950 and the Dow approaching 9,000, they will meet somewhere in the middle...I'm betting within 24 months they'll meet around 4,000.
Had Obama not bailed out all those banks and businesses the Dow would have easily been at 2,000, the inevitable can be postponed but not cancelled it's futile to fight the collapse.
What kind of a comment is yours? If not, then? We are dealing with real facts here and not wishful thinking. Had the banks not been bailed out, many of you posters here would not have a job by now their very existence would already have been dramatically changed. And let me add, not to the positive.
Unbelievable! the markets get a boost from pathetic news of 9.4% jobless rate (really around 16%) I bet if news of an impending asteroid impact will make the markets surge on the 50 trillion lbs of new minerals.
Eyebeemz, I couldn't agree more.The plunge protection team is in full force. These idiots like Kudlow and Steve Leisman on cnbc cheerleading the markets is just ludacris.
Today unemployment numbers were relased for May - 345,000 vs. 520,000 forecast. Of course there is going to be a big bounce in the indices, but my question is if the jobs lost were much better than forecasted, then how can the unemployment rate be higher than forecasted (9.4% vs 9.2%)? It doesn't make any sense.
Mathematically, the only way this can happen is if the total number of people in the workforce pool is down, and down signficantly. I am I wrong here?
Hey truthtellerone. Could you please share your intelligence and direct us to those analysts?
P.S. If you don't agree with the host, put whatever money you have into a savings account. Then come back to us in five years and tell us how much purchasing power you have left.
P.S. S. I had to consult my "Mo' Urban Dictionary: Ridonkulous Street Slang Defined " to understand your commentary. You've actually discovered the Youtube equivalent of throwing poop at us. Congratulations.
he's a lo-iq douchebag. i'm in farming and real goods. goodbye to financial and economic system (worst case) - then i fly. prolonged slump (best case) - then i'm sound.
Again truthtellerone... Your exposition is half baked. And about your employment... You're "in farming and real goods"? Nebulous responses like that usually mean that a person is not very important.
Stop bothering people who are looking out for friends and family. You're a dreg.
P.S. Here's an example of a clear and concise professional portrait: I'm a post-doctoral fellow and geneticist who stands to benefit greatly in applying biotechnology to the natural resources industry.
My resume is bigger than your resume. 21 yrs education, 4 university degrees (top universities), former SBI SCSI top secret + NASA JSC computer research scientist. Take a hike. This twerp visionvictory is grinding two axes - one business, the other false religion. Logic stops where the "I believe in this book, therefore I'm right" thinking stops.
No room for illogic or liars anymore. This cat is a twerp.
truthtellerone: "My resume is bigger than your resume. 21 yrs education, 4 university degrees (top universities), former SBI SCSI top secret + NASA JSC computer research scientist."
And bogus-based pomposity is clearly your strength. i.e,; The fact your YT Channel profile indicates you are 20 years old, but endured "education" of 21 years. Bullshit! Your credibility is in the toilet, floating there with purported degrees and cockeyed theories.
The Black Swan guys have a 100 million dollar min investment and they just set up a fund that protects their clients against hyper-inflation in the U.S.
The CCP regime wants to use the huge profits made by these large Chinese corporations as bait to lure foreign investment in China.However, the fact that these highly profitable corporations are all state-owned may pose a question to savvy investors: lacking the protections enjoyed by those large Chinese corporations, how great are the odds that foreign companies might thrive in this far-east jungle?
The Chinese economy is in a deep freeze Danny, and unable to recover.Lot more to unravel soon.
The more money we print, the greater the chances that the dollar will be replaced as the world currency. While the global, and even US economic collapse has negatively affected other countries and currencies, they don't have our massive debt. Consequently, all they need do is replace our demand with their own when they bounce back. This is not too tough a venture for surplus countries that can simply decide to increase their own standard of living instead of subsidizing ours.
and most people on there think like us but they just interviewed J. Crooks (currency expert) and he said that the US$ will not collapse because it is the worlds reserve currency an there is nothing else to replace it.?
He also said that every time the $ bounces back it comes back stronger.
Please, please, listen to the interview and give your pov.
Nafta is "devestating" and a "big mistake". "We should use the hammer of a potential opt-out (of NAFTA) as leverage to ensure that we actually get labor and environmental standards that are enforced."
And yet when it came to the Buy American clause of the stimulus bill he stated.
I agree that we cant send a protectionist message, he said in an interview with Fox TV. I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow were just looking after ourselves and not concerned with world trade.
So if we can't look after ourselves, then who will? Change we can believe in? Or simply the DESTRUCTION OF AMERICA?
Call me CYNICAL, but I'VE SEEN THIS SHIT BEFORE. While living in Boston I volunteered at two homeless shelters- the Pine Street Inn and The Saint Francis House, and saw more HOMELESS VIETNAM VETS THAN YOU COULD SHAKE A STICK AT.
Support our TROOPS? Hah! They along with the poor Iraqi people will be left out to DRY!
FOR WHAT? THIS SHIT IS SO PATHETIC IT MAKES ME WANT TO VOMIT.
"There is no military solution, never was, I will begin to remove our troops from Iraq immediately."
B. Obama
Within 6 of being elected, not one troop has come back from Iraq. In fact, Obama and
"democrats" have escalated the war in Afghanistan and have spent over 91.3 Billion and are now pushing for another 100Billion more!
When this country collapses, the people will have no one to blame but themselves for allowing these pathetic "leaders" to lie, steal, and kill without repercussions.
Oil is up again, in a few months more people will get behind on their mortgage. I am not sure why the oil companies are off the hook for their contributions to the problem. People have to fill the tank to get to work, not everone lives in NY with a subway.
"I am not sure why the oil companies are off the hook"...the sad truth is that the owners of these Oil companies are part of the group that is really pulling the strings. They are untouchable...the u.s govt can bring them into senate and grill them for a few hours about price gouging but its ALL for show...these companies spend insane amounts of money to get these people elected in the first place* its a sick sick world.
Oh wow give me a negative. Rather that siver or gold paper, why not only have giver and gold. The real thing. Why, because there isn't enough to go around. So why not make paper notes.
VV you mention that stocks in general will tank in the fall of this year. Would you anticipate that silver/gold mining stocks/mutual funds would be ok to hold onto? In anticipation of their value moving countrary to the dollar.
In order for full recovery. Our system has to fall completely. It says in the bible, we have to be broken before he can help us. With the system being propped up, There is no way for complete reform. Our money needs to die. Like in Russia and a new gold money or Silver or something with value should be made. There is too much american money in the system right now. We have Trillionaires now. They can buy anything. example would you trade a gallon of gas for a fresh home grown tomato? right now?
JPMorgan hires crude tanker to store gasoil -trade LONDON, June 3 (Reuters) - JPMorgan Chase & Co (JPM.N) has hired a crude tanker vessel to store gas oil off Malta's coast, shipping sources said on Wednesday.
The U.S. investment bank declined to comment. Storing any light, refined oil products in a crude oil tanker is unusual.
Bail em out, so they can speculate and manipulate!
WTF?! We have a CORRUPT and USELESS LEGISLATIVE BRANCH of Govt. LET THE REVOLUTION BEGIN ALREADY!
Here comes inflation. Everything is being reduced in volumetric amount yet the price is up. Plenty of oil, grain, sugar, steel, and concrete. The problem is with the $ supply side and interest rates. Cheaper homes for those who can buy one but interest rate will be harsh. Its never a win for the working class.
ROFL- only a fool would post a comment like this, making an argument off of one day. And of course, here we are, on June 4the only one day after your in dept analysis and gold is exactly where it was 2 days ago, LOL.
If you want to see some evidence of decoupling, you might want to check out the foreign markets, the Chinese market is up 50% YTD, the dow was positive monday for the year for about 30 minutes.
I have been with you since mid May last year. I was making a remark about one day, yes. I didn't intend for it to be an in-depth analysis obviously - I guess you didn't detect my sarcasm. Oh well.
Unfortunately, Chinas real estate sector, the only bright spot in Chinas lackluster domestic consumer market, is in the danger of collapse after seven years of explosive expansion. Also, for most of 2008, Chinas stock market led the world in losses with a decrease of over 60 percent. With rising unemployment of 24-27%,the loss in the stock market, and an expectation of an adjustment in housing prices, Chinese are holding back on spending-the opposite of what is needed to prop up Chinas GDP.
Western media, such as Bloomberg News and CNN, tend to copy the regimes economic data, such as the corporation profit numbers released in April, from the regimes press releases and report them to the western world without analysis. In doing so the Western media help enhance the CCP's carefully established notion that China is the only bright spot in the current worldwide economic crisis.
He used his dope money to make more money in the Real Estate market. Now he's into precious metals and what not... but he still sells halucinogenics. Hence the name, "Vision Victory".
I hope Cali sloughs off into the Pacific, with only Daniel and his posse as beachfront owners.
See Drudge today, right hand side, "States Budget Woes to Worsen." It explains how the stimulus is being used simply to cover current expenses, and notes the inflexibility in cutting spending or raising taxes.
—California Gov. Arnold Schwarzenegger and the state's chief accountant Tuesday warned lawmakers that they have until June 15 to close the state's crippling budget deficit.
If they miss the deadline, the state will run out of cash by the end of July, said state Controller John Chiang. That means Californians could see a repeat of this past winter, when officials delayed payments to welfare recipients, private contractors and local governments to keep the state solvent amid a budget impasse.
Have anyone heard of this: cocaine-dealers-demand-to-be-paid-in-GOLD. Oh boy, the big money boys want to get out of the dollar now, and want gold. What do you think will happen to the price of gold, when they make it mostly mandatory to pay in gold.
Make no mistake, all this stimulus and bailouts help in the short term. But it only delays and magnifies the pain. Even the CBO stated that Obama's stimulus will help a little, but ultimately hurt more than it helps. States are using the stimulus just to pay their enormous expenses. They are literally counting on a rebound to make ends meet when stimulus money runs out. But since the stimulus is a short term sugar high, it will not lead to sustained recovery, but the bills WILL come due.
CNBC is a subsidiary of GE. GE is in Obama's pocket, because they need the green technology to remain profitable. Perhaps the better question is why their "experts" are the ones who got the stock market collapse wrong. Doesn't it make sense to listen to the people who got it right, Celente, Zulauf, Schiff, Roubini, Jim Rogers and yes, Daniel?
Northwestern Mutual Makes First Gold Buy in 152 Years (Update2)
Share | Email | Print | A A A
By Andrew Frye
June 1 (Bloomberg) -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the companys 152-year history to hedge against further asset declines...
The downside risk is limited, but the upside is large, Zore said. We have stocks in our portfolio that lost 95 percent. Gold is not going down to $90.
I've been watching your videos for a long time, but I can't understand the disconnect btw you and CNBC, according to them the economy is on a roll, kindly explain why the experts on CNBC are wrong and you are right.
Could it be that Daniel does detailed research, applies a fair dose of common sense, and gets it right? CNBC "experts"?? Puh-leeze. CNBC is just a bunch of spinmeisters trying to hype a failing product. Daniel's observations helped my family navigate through last fall's collapse...if I'd listened to CNBC, we'd likely be in a tent now.
No one can explain why CNBC is wrong in 500 words or less. Each answer I could give would create 10 more good questions that would need to be answered. And even if the questions where not apparent to you, you would continue to believe the lies because it makes you feel good.
This what CNBC is all about "entertainment".
Search on YouTube for
tube network
The statements made in that video is so true. The tube told me that dollars, is money. IT IS NOT.
Gee Danny, everything I read in the local and national news implies the worst of the recession is over. Even george4title expects to start living normal again. I must be having a bad dream or living in a time warp.
How about people with credit cards? Buying silver and gold is my vote of no confidence in America today. You cannot raise taxes or cut spending without bigtime resistance, and you can't borrow enough money to pay off the bills coming due by jacking up interest rates to attract the needed dollars. So the ONLY FEASIBLE future is continuous high deficits paid by printing money. While it sounds horrendous, it's the easiest path AND most effective at delaying the pain to later than alternatives.
Administration: Highway fund to go broke in August
The Obama administration is warning lawmakers that the trust fund that pays for highway construction will go broke in August unless Congress approves an infusion of as much as $7 billion.
INFUSION. How about BAILOUT. Just wait until ENTIRE STATE GOVT. ASK FOR INFUSIONS. The AIRLINES CAN'T BE FAR OFF EITHER!
All I'm going to say is pretty much what Vision has been saying; these market gains mirrors last years. The Dow was ascending at prodigious speed only to collapse to decade lows; this house is built upon sand and will be washed away eventually.
Your overall analysis is spot on. However, every western nation has its share of "CCP" look alike operators. Until their activities are brought to light and all the people in their respective countries recognize the harm they intend, we will have global enslavement.
We need to dismantle the UN, IMF, WHO and other institutions that have been set up as the prototypes for one world government. Power and money is being transferred to them as we speak. A mighty task is at hand.
There are simple things you can do. Stop ALL payments, buy local food, grow your own food, buy used. Convert your car to water fuel cell (Stanley Meyer). Use wood burning stoves (collect free wood) and solar generators for heating.
Stock up, buy some gold & silver, convert US dollars to Asian/AUD currencies at the airport. Drop technology- no cell phones, internet, or cable bills.
Protect your family and practice a self-sufficient lifestyle.
Actually out of all the bloggers here on the Vision channel, i need to be truthful as best i can, because what we are exposing about the CCP is the Root cause of evil in this world, in terms of the Social, Political and Economical Globalist agenda.
Even The NWO wants the CCP's model of tyrannical rule to be the model for their platform.
The CCP controls it all. If it was not imminently collapsing, we would be done for, for sure.
The Gods, as you will from Greek Mythology favor Liberty.
The Gods, as you will from Greek Mythology, have determined the fate of the CCP. I am not concerned about the CCP, because this evil specter is doomed.However, this is a bit deeper, and many people will not be able to handle what is said next, but, the main concern is...Anyone who is part or affiliated with the CCP and has still not withdrawn from this evil cult specter is in grave danger.
That is why "The Nine Commentaries on the Communist Party" is so important for Mainland Chinese to read.
The rally continues. This could go all summer and DOW 10000 very possible despite core indicator problems. Do not discount the propaganda machine. I will sway most people who only watch MSM.
As you say, our elitists, multinationalists, corrupt politicians have had 50+ years to wage a Quiet War against the American people and they have nearly succeeded in their goals.
Valhala, do not think for a minute we don't know what kind of collectivism a la China these people have waiting for us. We refuse to endure regime change. However, their will be a civil war in this country. They will be thrown out of office, ridiculed, and legally held accountable for their actions.
Valkurries, we are very lucky that the Chinese Communist Party's imminent collapse is upon the world. The Free Worlds only hope to survive is based on the collapse of the CCP.
My whole time on Daniel's channel blog, i have warned of this. I have said this many times.
The Worst atrocity has yet to be revealed though my friend, that will cause the change in people for many generations to come.
Its not a matter of IF, only When. the CCP collapses that is when the world will change.
June 1 (Bloomberg) -- Another global financial crisis triggered by a loss of confidence in the dollar may be inevitable unless the U.S. saves more, said Yu Yongding, a former Chinese central bank adviser. " Save $? USA? HaHaHa!
In other news...as reported in Reuters today, Timmy Geithner tells China its dollar assets are safe & the crowd laughs!
Anyone paying attention to the dollar index, the 10 year treasuries, oil, gold or silver? The sirens are wailing & stupid sheep still sleeping.
The Dow pushed through the 200 day MA intraday today, but eventually settled just an eyelash away. Interesting.
Maybe it's me, but if I look at a 60 day chart I see too big disconnects in the index, and they both occur on or near the 1st of the month. Coincidence?
Ok, fine we keep the same system. The system that now has the US in the red for over 1 & 1/2 trillion $ I believe. A system where the richest are not taxed, the middle class pay the bulk the taxes, A system that is selling the US piece by piece to foreign countries?
A system that is rigged by Obama and his handlers?
This is the system that you don't think we need to change?
You're wrong. When the Founding Fathers decided to form a democratic republic in contrast to an English kingdom. Now in the US we are back into the dark ages with the divine right of kings. In a democratic republic, Obama does not have the right to fly to New York at the tax payers expense for entertainment.
If Obama was a rugged Individualist, he would have gone to New York and paid for it himself!
You are either too young to know better or pushing progaganda.
I hear you. Easier said than done though. PR works on a subliminal level and is very hard to "turn off". The grandfather of PR was Edward Bernays, he was the nephew of Sigmund Freud, so he knew how the human brain worked. We are programmed from birth. We have been turned into selfish consumer slaves that have no idea who we are. Myself included, but I am learning and breaking out.
Some people. I for one take no notice of celebrity endorments, and I tend to ignore advertising in general. The ad break(s) on the TV is a chance to make a pot of tea or go to the toilet. I live a quiet and quite frugal life, and don't by shit I don't need. I prefer to do my purchasing via personel experience for everyday items, and research for things I want to buy.
Its hit 63 trillion because you bought 10 trill worth of "bad assets" for 50 trill, and the rest was probably "currupted" off by the politicians and bankers (who are neighbours).
Their other neighbour, the lawyer, is also milking this.
There will be a new freemasonic "false christian" class, and they are gonna carry weapons everywhere, and we will be reduced to slaves.
But to make it worse, we never even lost the money. It was the rich, who blew it, so they could do all this !
This economy is stricken with Infectious Pneumonia but Wall Street gives it a clean bill of health; a little something called REALITY will kick in any day now.
[QATAR] should look to diversify investments away from the Dollar according to the economic advisor to the country's Emir. The advisor, also head of the Qatar's secretariat for development planning is worried about the weak Dollar, and thinks now is the time to consider diversifying into different countries and currencies.
A person familiar with General Motors' plans says the automaker will permanently close nine more plants and idle three others to trim production and labor costs under bankruptcy protection.
And yet: Futures point higher on more signs of recovery
Wall Street appears headed for higher open on upbeat data on consumer spending, manufacturing
Fascinating. Wall street has decoupled from Mainstreet.
Sadly a large part of the chaos headed our way will be at the hands of those who have believed what the talking heads and the political and economic 'experts' on TV and in the print media are saying. When those Americans find out that they, personally, have been lied to...things are going to become pretty interesting.
America has become semi-Communist because the CCP has infiltrated America's Lowly, greedy and rotten politicians, business executives, and so called "Leaders" of the people. They have been enticed by the Institutionalized SLAVERY system of Communist China under the CCP for decades now. Who do you think is the blood sucking parasite that has sucked the Manufacturing Marrow, Gold reserves, Treasury Bonds, out of America? None other than the CCP.
Mitchee, you said "America has become semi-Communist" Then what is the rest? I guess you may have something there as relations with our communist neighbor in Cuba has warmed, but other Communists like Hugo Chavez has gotten worse.
...of all the 'ism's' in the world, Communism, Fascism, Socialism, etc. the most abhorrent infiltrator and common denominator of all of these is Collectivism. Collectivism is what ruins nations. Individualism is the opposite.. Individualism is what America was founded on and is the core foundation of Liberty and Freedom.
Your not going to understand this nexdimensions. I would agree that Indivualism worked, ie Adam Smith's "Wealth of Nations" until now. This concept is breaking down now and badly.
Individualism will not work when you have a few fantasticaly wealthy people and& hundreds of millions starving, I don't know if Collectivism is the answer but the utlimate Indivualism is a tryrannical dictatorship. When B Obama says I'm the boss, my way or the highway then you might see it a little differently.
There was point in when the Founding Fathers of the American Colonies decided the "Old ways" were not going to work for US.
We are at a similar crossroads now. The old ways, some of it could be called Free Market Capitalism which may have worked quite well until now is no longer working.
Now we like our Forefathers must come up with something new otherwise this country will disintergrate like the Former Union. If you choose to cling to the old you will see change you don't like.
valhala56: I think that the first thing that you need to realize is that what you see in this country currently is NOT freemarket capitalism. Therefore, you are incorrect to blame free market capitalism for these troubles. Once you realize that this is far, far from what free market capitalism truly is, you will begin to see why this country is falling apart. These large corporations are NOT free market. They are highly subsidized! Far from true free market ideals.
I agree MrsSarb, whatever you choose to call it must change or is going to change into something better or something worse. The worse could be Facsism.
I think people like Daniel are like the people in 18th century America starting the converation on what needs to be changed. I got no problem with Capitalism, but I think we all agree what we have now is not working.
Now like our forefathers what are we going to do about it?
wow this is an old video! :)
spuddapotato2494 11 months ago
How many years of college did it take for that economist to figure out that if you don't have a paycheck, you can't support a mortgage? Here's your sign!
AXESMI 1 year ago
And so the tax revolt begins...and it's long overdue
Realitycleans 1 year ago
great video, right on point with the evidence of this sick macro-economy
manu707070 1 year ago
are the people responsible for wtc 7's collapse the same responsible for the bailouts and the coming depression? i think we need the spirit of 1776 back in America in the worst way...
soilworkr 2 years ago
@soilworkr I agree we just have to stop letting them divide us! We may disagree on some issues but we all agree that were tired of this crap down with both parties death to the republicrats! and thier puppet masters
yahshuah29 2 years ago
Would you please date or number your videos so I will know which is the most current?
Are you a Christian? I'm wondering if you think we are about to enter the tribulation.
mkmason2002 2 years ago
You need to look up Horus and find out the details of this pre-Christian myth.
essell67 2 years ago
I'm glad I found this channel.
Strait forward facts, based on THE NUMBERS.
We just got ruined by phony numbers, and people agree, clinging onto those same.
America's are supposed to be Diligence.
Instead Their fighting for Complacency
DarkMonkArt 2 years ago
@DarkMonkArt this is true! :)
spuddapotato2494 11 months ago
I have heard the facts via Peter Schiff.
I have been blogging on this very same subject.
The comments added are Pure Ignorance, expl. "I hope it gets better soon".
DarkMonkArt 2 years ago
It's no wonder the goverment wants to own health care, GM, dodge, and everything else.
No income tax = take it from somewhere else.
Retloth 2 years ago
I don't understand much of economics. However this man is genius.What he predicted in march 08, actually happened in sept-08. So I will believe whatever he says.
lamchee58 2 years ago
He's no genius, and I think he would agree. If you look at the real numbers, anyone with average intelligence can glean exactly what is going on. The government is in complete and total denial and obfuscation mode at this point.
pretorious700 2 years ago
Smart governments would cajole, support and protect their middle class. They should do this in cooperation with business since pay and benefits issues arise with the passage of time. Good monetary management would prevent inflation. Thus, the masses would be flush and the rich and poor would be happy to see this. Workers should also get special access to company stock. Unfortunately, it did not work out that way. What happened was that the middle class jobs (production) went overseas.
MonteCristoRecords 2 years ago
It is ridiculous that everytime I work, social security is being deducted out of my weekly paycheck.......while it is losing revenue and value as well. What is the point of paying into something is or will have utterly nothing in it. If the government can stop double dipping into social security, we migth have something. Other than that, I prefer saving that social security for my own. The government does not have a right to do this at all.
doctorofghetto 2 years ago
US imports from China constitute' I believe, 22% of their production. Globe & Mail. If that figure is correct, the world can take the hit.
Clichyabarbes22 2 years ago
I'm making a hat out of my leftover foil!
999manman 2 years ago
Thanx for sharing,I appreciate your confidence to pay attention,I am currently surrounded by many who are to poor to pay attention.
ddslick 2 years ago
Obama will tank this economy to depression levels by the end of his term. Socialism has failed everywhere it has been tried which is why the Europeans are electing more conservative governments. The U.S. is broke.
ALTERED13TH 2 years ago
socialism is a great success...for the oligarchs who want to increase their power over the masses
mlndstream 2 years ago 2
The US is broke because of the BUSH admin , remeber that, although the whole western world lives on borroughed money fo the last ten years.
Wich will end the next ten years
hollandway 2 years ago
Policy really began being implemented with Reagan. Only one trillion in debt 1980But Nixon was the one that set the stage when he took the dollar off the gold standard and sold our soul to the Chinese (1971). The goal was take the power from working class which is what you see happening in front of your eyes. It would have started in 1960 but Kennedy won that election so they had to wait until Nixon, at last, took the helm of state.
clarkewi 2 years ago
your leaders have been following a well scripted plan for at least 25 years the world can no longer support America let alone support all the other nations now living with a similar standard.
and as certain as you are of what you are saying i am more certain of this
one wold got socialism for all
and the cull is already underway
dave777blaster 2 years ago
The reason this is happening can be explained
with a simple mathematics equation
3% of the worlds population(American middle class) uses 25% of the oil and other resources
this can no longer be allowed to remain as the bar for all other nations to achieve. Thus this is not a recession nor is it a depression or any other type of temporary event but a contrived permanent reality
as the middle class can resist world govt
but the third world is a push over
IQ 153 and this is your reality
dave777blaster 2 years ago
note that if the american middle class (btw, don't agree with the premis) stopped consuming those resources, 25% of the people in the world would be unemployed.
Bardwick 2 years ago
They want to take the 25% Americans consume and spread to china and others for a more uniform consumption level.
China rises as America falls
America looks like a bombed out country
Germany and Japan both leveled in ww2 now are modern and new .
They may keep telling you it's a world wide
financial mess but only USA looks bombed out , 13 trillion looted, jobs gutted and the people raped by buffoonish banking practices that now has everything bankrupt
nol social net
dave777blaster 2 years ago
it is all contrived and the richest nation on the earth has been shutting down for 30 years
the roaring steel mills of the NE are now silent
all the outsourcing and the manufacturing moving out to China etc
has been on going for many years as you well know it is all well planned and timed
it will never ever come back
and once the American people realize the reality Of What I am saying they will
panic America will be entering the third world for ever Socialism is coming
dave777blaster 2 years ago
good
a9000133 2 years ago
The dollar will collapse but it is a flawed currency to begin with. US may BK due to debt. But many capitalist countries have BK'ed. The US financial system needs to be shaken up. The roots of this began with Vietnam and later Reaganomics. Anyone who is educated in economics knows this shit. No surprise there. There will be no war with China unless we start one either. But this will last at least 10 yrs at least. But you cant expect a short rebound AFTER SO MUCH EXCESS.
11314100 2 years ago
Depreciation due to over supply of homes and defaults caused AIG and insurers and unregulated finance banks to fail causing 50 TRILLION in IPC (Int. Pol. Economy) to vanish in the past 6 months. This crushed our lending system. Obama is doing a balancing act. 1. Patch up economy. 2. Give US health care- guaranteeing reelection. 3. Re-patch economy later this year or in 2010. Everyone Prof. Univ.'s knows this shit. Everyone else is obviously slow. Get out of the dollar. New currency on the way.
11314100 2 years ago
Countries are limiting exposure to bonds as I write. Let me get this straight? When you say 44 percent are you saying the US lost roughly 60 million taxpayers? Think about it? The US gov, local gov and their affiliates employ half the people. So are you saying no one else is employed but the gov? Get real. Also, the drop in housing is due to the collapse of over leveraged banks peddling loans to foreigners freezing the financial system.
11314100 2 years ago
Treasury bonds are the last bubble. But any Univ. college class will tell you that vast capital flight out of the US economy due to neo-liberal economics (econ 101) ironically has spurned short term reinvestment in the US economy. Simply because, investors have few other markets as large as the US. Heavy regulation is in the pipeline and so are higher taxes, inflation and a new currency. What you omit is that major cities may see turmoil.(LA, NY) Rural areas will be better off.
11314100 2 years ago
I'm glad the college prof have caught up, people on this channel have been warning others about the bond market for the last year.
thx for sharing
visionvictory 2 years ago
No man, you are behind the times. This is old news to many. Maybe not the youtube crowd. 2004-05 many knew and all you had to do was subscribe to the WSJ and look at mortgage securities being flipped to China. I knew and others knew. Dont get to carried away.
bravotango74 2 years ago
IT IS ONE OUT OF 12 AND THERE IS NO HOUSING MAKET, This has happen before many times before, it is my market. The only difference here is that financing was globally creative. Many in this market today thinks this is the first time and its not. We owe security over 100 trillion so dont count on it....I hear this on CNBC/BBC/, nothing new.... One world currency on its way......My resume, in business over 20 years.....
devilndeepbluesea 2 years ago
Thanks for all the hard work ,and keeping us informed cheers andy.
andygjon123 2 years ago
how fast will they halt Social Security (except for the Big Bank Bailouts)?
anabaptistSue 2 years ago
i think most people are awake now.
youarethedeal 2 years ago 2
There is a lot of talk about hyperinflation and protect yourself with gold and silver.
1980 Gold $ 850 Silver $ 55
2009 Gold $ 963 Silver $ 15
1980 Toyota Corolla $ 5,700
2009 Toyota Corolla $ 19,000
During these 29 years, we have seen a lot of ups and downs, different governments, wars, high and low unemployment, everything you can think of.
For those who predict gold prices to equal the DOW, just be careful for what you wish for.
tiwmidu 2 years ago
In world exist arrangement of basic governments concerning gold, & control gold price system through huge volume of futures contracts.
Rise in price of gold the biggest enemy of strong dollar, as to dollar try to give property of the Uniform Measure of Value in which quality only gold always was used.
However, when dollar will fail, gold will fly up to heavens.
SaakashWilly 2 years ago
Compare price schedules for gold & oil.)))
When you compare Gold with Toyota still it's necessary to consider that real inflation in US is shown not in goods, in services & financial actives, i.e. it much more above declared.
SaakashWilly 2 years ago
Saakashwilly:
What are you trying to sell me on?
1980 Crude $ 28 May GOLD 850
2009 Crude $ 68 June GOLD 952
I do agree that once the dollar weakens, Gold will have to go up,just not so some of the levels a lot of people wish it would. I do not believe the dollar will fail either, devalued yes, fail, I doubt it.
tiwmidu 2 years ago
Incorrect to compare growth gold price to growth goods. Because inflation in US is expressed in services (for example, growth cost of the medical insurance). It's necessary compare to a rise in prices of services.
However, attempts to keep growth gold price visible even in comparison with other valuable metals, silver, platinum, any...
SaakashWilly 2 years ago
As I consider that present economic "crisis" is not periodic (what it present into mass-media, as in classical capitalism to Bretton-Woods agreements), & there is a structural disbalance that is visible on US interbranch balance - is will lead to decrease in world demand for 25 % (in USA at first on 35 %, & later on 45 % during depression), it will inevitably lead to destruction of existing world economic system.
SaakashWilly 2 years ago
Actually, destruction has begun in 2000, however very few people has noticed it, then all mass-media spoke about economy growth. Loss by dollar function of world settlement, reserve currency & uniform measure of value at lifting of the gold prices it's almost inevitable. Most likely it remains US national currency. World system becomes polycurrency with zones of influence of each currency.
SaakashWilly 2 years ago
I would argue that the very beginnings of the current problems started way back in 1972 with the establishment of the Federal Reserve and the elimination of the Gold Standard.
tiwmidu 2 years ago
Oh.)
Yes, if to speak strictly, - offcourse.
Then it still was in an operated condition.)
Today real market credit rates even don't react at discount rate change.
Well... somehow will break.)
SaakashWilly 2 years ago
Reserve was started in 1913/19 72 off the gold standard. Yes this will last longer than 10 years and wars over this will begin. our taxes goes to reserve for debt payment.
devilndeepbluesea 2 years ago
Yes, you are absolutely correct, I bungled up my sentence.....should have said 'when the established Federal Reserve eliminated the gold standard'....
tiwmidu 2 years ago
It's actually simple... Republicans want mioney given to banks and businesses for their use... Democrats want monies set aside for jobs since jobs provide tax base and allow people to continue to pay their motgages. Republicans are working toward a depression when we can all start from scratch...what do you want?
Pkr 2 years ago
I want Ron Paul in 2012.
bunksbunks 2 years ago
I appreciate getting real information. TV and newspaper doesn't seem to have it.
metcalfjc 2 years ago 4
See the article on the Drudge Report entitled "Temporary workers mask joblessness." It indicates that when you add in those who quit looking for a job or are working part time because they can't find fulltime work, the unemployment figure reaches 15.8%.
dmger14 2 years ago 2
Could be that job losses are decelerating because the low hanging fruit is off the employment tree. It is the CUMULATIVE impact that will weigh heavy on the economy going forward. As VV says, extended unemployment benefits will be expiring as the job market is worse and worse. Article on Drudge today, 1 in every 6 dollars to families is now from the gubment. Obama must be proud!
dmger14 2 years ago 2
Job losses slow dramatically = more people given up looking?
It seems this fits perfectly into hiding the real unemployment figures.
It now seems to me that jobs lost will not move the market downward if this continues, unless something catastrophic in the job market happens.
Trazom24 2 years ago 2
It just occurred to me that that perhaps the reason for this fake rally is because historically no recession since the Great Depression has lasted more than 16 months. 16 months from Dec. 07 is April/May 2009.
The markets have fully priced in a recovery based on 80 years of history. I believe what they fail to take into account is that this no garden variety recession.
I second Eybeemz, huge dump coming later this summer/early fall when the morons realize this.
Trazom24 2 years ago 3
One of these days the Dow is going to take a big shit; a monstrous multi thousand point dump. It's been feeding on bad news but thiswill catch up to it, it has to purge sometime.
Eyebeemz 2 years ago 4
I think Peter Schiff has it right. Look for the DOW to equal one ounce of Gold. With Gold at 950 and the Dow approaching 9,000, they will meet somewhere in the middle...I'm betting within 24 months they'll meet around 4,000.
bunksbunks 2 years ago
Had Obama not bailed out all those banks and businesses the Dow would have easily been at 2,000, the inevitable can be postponed but not cancelled it's futile to fight the collapse.
Eyebeemz 2 years ago
What kind of a comment is yours? If not, then? We are dealing with real facts here and not wishful thinking. Had the banks not been bailed out, many of you posters here would not have a job by now their very existence would already have been dramatically changed. And let me add, not to the positive.
It is what it is, not what you want it to be.
tiwmidu 2 years ago
Eyebeemz:
Had Thurman Munson not been killed in 1979 at age 32 in his prime, the Yankees would have won the World Series in 1979, 1980 and maybe 1981.
The inevitable was not canceled, but postponed until 1996,1998,1999 & 2000.
cont...
tiwmidu 2 years ago
Just wait for the 'revised' numbers in about a month. The Gov always waits for a busy news day, or late friday, to announce them.
Also, wait until the GM related layoffs appear...
It is not getting better.
Its like jumping off a roof 40 floors up, and while passing the 3rd floor, thinking that 3 is less than 40 so "it must be getting better !"
webdork69 2 years ago 3
Unbelievable! the markets get a boost from pathetic news of 9.4% jobless rate (really around 16%) I bet if news of an impending asteroid impact will make the markets surge on the 50 trillion lbs of new minerals.
Eyebeemz 2 years ago 3
Eyebeemz, I couldn't agree more.The plunge protection team is in full force. These idiots like Kudlow and Steve Leisman on cnbc cheerleading the markets is just ludacris.
mrfunnyman99 2 years ago 6
Thats funny!
jdl1881 2 years ago
Hi Vision,
Today unemployment numbers were relased for May - 345,000 vs. 520,000 forecast. Of course there is going to be a big bounce in the indices, but my question is if the jobs lost were much better than forecasted, then how can the unemployment rate be higher than forecasted (9.4% vs 9.2%)? It doesn't make any sense.
Mathematically, the only way this can happen is if the total number of people in the workforce pool is down, and down signficantly. I am I wrong here?
Trazom24 2 years ago
This douche-bag is not only sub-intelligent (he's a 110 at best), he's selling his products. Conflict of interest.
Listen to the people who have no axe to grind, who are non-denominational.
truthtellerone 2 years ago
Hey truthtellerone. Could you please share your intelligence and direct us to those analysts?
P.S. If you don't agree with the host, put whatever money you have into a savings account. Then come back to us in five years and tell us how much purchasing power you have left.
P.S. S. I had to consult my "Mo' Urban Dictionary: Ridonkulous Street Slang Defined " to understand your commentary. You've actually discovered the Youtube equivalent of throwing poop at us. Congratulations.
RealPolyester 2 years ago
he's a lo-iq douchebag. i'm in farming and real goods. goodbye to financial and economic system (worst case) - then i fly. prolonged slump (best case) - then i'm sound.
Like my dad liked to say, "Go piss up a rope!"
truthtellerone 2 years ago
Again truthtellerone... Your exposition is half baked. And about your employment... You're "in farming and real goods"? Nebulous responses like that usually mean that a person is not very important.
Stop bothering people who are looking out for friends and family. You're a dreg.
P.S. Here's an example of a clear and concise professional portrait: I'm a post-doctoral fellow and geneticist who stands to benefit greatly in applying biotechnology to the natural resources industry.
RealPolyester 2 years ago
My resume is bigger than your resume. 21 yrs education, 4 university degrees (top universities), former SBI SCSI top secret + NASA JSC computer research scientist. Take a hike. This twerp visionvictory is grinding two axes - one business, the other false religion. Logic stops where the "I believe in this book, therefore I'm right" thinking stops.
No room for illogic or liars anymore. This cat is a twerp.
Peace out
truthtellerone 2 years ago
truthtellerone: "My resume is bigger than your resume. 21 yrs education, 4 university degrees (top universities), former SBI SCSI top secret + NASA JSC computer research scientist."
And bogus-based pomposity is clearly your strength. i.e,; The fact your YT Channel profile indicates you are 20 years old, but endured "education" of 21 years. Bullshit! Your credibility is in the toilet, floating there with purported degrees and cockeyed theories.
...Time to flush, Bunky.
NoBamaYoMamma 2 years ago
another dollar clone
good luck
with your paper..
chena3 2 years ago
I have watched this vid a few times...
I like it- I think it is one of your best yet!
USA planing on 60 trillion dollars of debt?
Well not going to happen while silver is at $16 (for example)
Marc Faber saying 100% sure USA will get hyper inflation...
"V" shaped ....? I do not thinks so...
felixdov 2 years ago
The Black Swan guys have a 100 million dollar min investment and they just set up a fund that protects their clients against hyper-inflation in the U.S.
The rich are getting ready.
visionvictory 2 years ago
The CCP regime wants to use the huge profits made by these large Chinese corporations as bait to lure foreign investment in China.However, the fact that these highly profitable corporations are all state-owned may pose a question to savvy investors: lacking the protections enjoyed by those large Chinese corporations, how great are the odds that foreign companies might thrive in this far-east jungle?
The Chinese economy is in a deep freeze Danny, and unable to recover.Lot more to unravel soon.
mitchee009 2 years ago
Looking for a way to turn IRA's into Silver? Is this possible -
AsintheDaysofNoah 2 years ago
The more money we print, the greater the chances that the dollar will be replaced as the world currency. While the global, and even US economic collapse has negatively affected other countries and currencies, they don't have our massive debt. Consequently, all they need do is replace our demand with their own when they bounce back. This is not too tough a venture for surplus countries that can simply decide to increase their own standard of living instead of subsidizing ours.
dmger14 2 years ago
Hi W,
I listen to Howe Street (one word) . (com)
and most people on there think like us but they just interviewed J. Crooks (currency expert) and he said that the US$ will not collapse because it is the worlds reserve currency an there is nothing else to replace it.?
He also said that every time the $ bounces back it comes back stronger.
Please, please, listen to the interview and give your pov.
PrepNow 2 years ago
coultrane....well said man...well said.
zae333 2 years ago 2
Obama pre election on Nafta:
Nafta is "devestating" and a "big mistake". "We should use the hammer of a potential opt-out (of NAFTA) as leverage to ensure that we actually get labor and environmental standards that are enforced."
And yet when it came to the Buy American clause of the stimulus bill he stated.
Continued...
coultrane 2 years ago
I agree that we cant send a protectionist message, he said in an interview with Fox TV. I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow were just looking after ourselves and not concerned with world trade.
So if we can't look after ourselves, then who will? Change we can believe in? Or simply the DESTRUCTION OF AMERICA?
coultrane 2 years ago
By the way, we've been in Afghanistan 8 FUCKING YEARS NOW! AND FOR WHAT?
Recently Cheney came out and said thatOn the question of whether or not Iraq was involved in 9/11, there was never any evidence to prove that,
And how many FUCKING YEARS HAVE WE BEEN IN IRAQ? How many HUMAN LIVES HAVE BEEN DESTROYED? For WHAT?
In my opinion, IT IS ALL BULLSHIT!
coultrane 2 years ago 5
Call me CYNICAL, but I'VE SEEN THIS SHIT BEFORE. While living in Boston I volunteered at two homeless shelters- the Pine Street Inn and The Saint Francis House, and saw more HOMELESS VIETNAM VETS THAN YOU COULD SHAKE A STICK AT.
Support our TROOPS? Hah! They along with the poor Iraqi people will be left out to DRY!
FOR WHAT? THIS SHIT IS SO PATHETIC IT MAKES ME WANT TO VOMIT.
coultrane 2 years ago 5
Nice rant coultrane, and so true.
drutter 2 years ago
"There is no military solution, never was, I will begin to remove our troops from Iraq immediately."
B. Obama
Within 6 of being elected, not one troop has come back from Iraq. In fact, Obama and
"democrats" have escalated the war in Afghanistan and have spent over 91.3 Billion and are now pushing for another 100Billion more!
When this country collapses, the people will have no one to blame but themselves for allowing these pathetic "leaders" to lie, steal, and kill without repercussions.
coultrane 2 years ago 5
Right on Coul.
mitchee009 2 years ago
Oil is up again, in a few months more people will get behind on their mortgage. I am not sure why the oil companies are off the hook for their contributions to the problem. People have to fill the tank to get to work, not everone lives in NY with a subway.
Renentet 2 years ago
"I am not sure why the oil companies are off the hook"...the sad truth is that the owners of these Oil companies are part of the group that is really pulling the strings. They are untouchable...the u.s govt can bring them into senate and grill them for a few hours about price gouging but its ALL for show...these companies spend insane amounts of money to get these people elected in the first place* its a sick sick world.
mookixox 2 years ago 4
"Things are looking up"
CLASSIC!
but someone spotted an evening star formation on the spx today... no need for confirmation, we'll see how liquid the ppt really is...
cheers...
3dbeing 2 years ago
Oh wow give me a negative. Rather that siver or gold paper, why not only have giver and gold. The real thing. Why, because there isn't enough to go around. So why not make paper notes.
Do you trust paper?
drwalepen15 2 years ago
VV you mention that stocks in general will tank in the fall of this year. Would you anticipate that silver/gold mining stocks/mutual funds would be ok to hold onto? In anticipation of their value moving countrary to the dollar.
Thanks for your info
imcontraire 2 years ago
In order for full recovery. Our system has to fall completely. It says in the bible, we have to be broken before he can help us. With the system being propped up, There is no way for complete reform. Our money needs to die. Like in Russia and a new gold money or Silver or something with value should be made. There is too much american money in the system right now. We have Trillionaires now. They can buy anything. example would you trade a gallon of gas for a fresh home grown tomato? right now?
drwalepen15 2 years ago
Is that an organic tomato?
lostinthemix 2 years ago
no but id trade a gallon of gas for a gallon of milk right now lol
Underdog762 2 years ago
Invest in solar panels for your home. The biggest return is there right now.
drwalepen15 2 years ago 2
Olseebee
"Yep, run it up and run it down
Gold is a commodity"
Yes gold is a commodity, but it's based on the belief system. like Jesus is the savior only if you believe he is.
However, Jesus has no real power in life. That is why we go to the doctors when we are sick.
drwalepen15 2 years ago
watch?v=sjonS9W41k8
BendoverBernanke 2 years ago 2
Very Shocking!!! The people have a bunch in DC that is failing the Republic!
rlmccullough 2 years ago
watch?v=7d3IUU-GXb8
BendoverBernanke 2 years ago 2
JPMorgan hires crude tanker to store gasoil -trade LONDON, June 3 (Reuters) - JPMorgan Chase & Co (JPM.N) has hired a crude tanker vessel to store gas oil off Malta's coast, shipping sources said on Wednesday.
The U.S. investment bank declined to comment. Storing any light, refined oil products in a crude oil tanker is unusual.
Bail em out, so they can speculate and manipulate!
WTF?! We have a CORRUPT and USELESS LEGISLATIVE BRANCH of Govt. LET THE REVOLUTION BEGIN ALREADY!
coultrane 2 years ago
Here comes inflation. Everything is being reduced in volumetric amount yet the price is up. Plenty of oil, grain, sugar, steel, and concrete. The problem is with the $ supply side and interest rates. Cheaper homes for those who can buy one but interest rate will be harsh. Its never a win for the working class.
scienceofgod 2 years ago
It's 3:26 P.M. EST, the Dow is down -116, the miracle 250 point surge is due around 3:45P.M. if not; the PPT ran out of money.
Eyebeemz 2 years ago
It started at 3:30 and wasn't nearly that dramatic. It was there nevertheless.
Trazom24 2 years ago
Well, looks like the old flight to safety trade is still in. Right now:
Dow: -132
Gold: -18.2
US Dollar - +1.000
I don't see any evidence of decoupling of this, yet.
Trazom24 2 years ago
ROFL- only a fool would post a comment like this, making an argument off of one day. And of course, here we are, on June 4the only one day after your in dept analysis and gold is exactly where it was 2 days ago, LOL.
If you want to see some evidence of decoupling, you might want to check out the foreign markets, the Chinese market is up 50% YTD, the dow was positive monday for the year for about 30 minutes.
Keep em coming :)
visionvictory 2 years ago
Vision
I have been with you since mid May last year. I was making a remark about one day, yes. I didn't intend for it to be an in-depth analysis obviously - I guess you didn't detect my sarcasm. Oh well.
Trazom24 2 years ago 2
no i didn't, sorry about that. I was in one of those moods and saw the comment.
Won't happen again Traz, :)
VV
visionvictory 2 years ago
Unfortunately, Chinas real estate sector, the only bright spot in Chinas lackluster domestic consumer market, is in the danger of collapse after seven years of explosive expansion. Also, for most of 2008, Chinas stock market led the world in losses with a decrease of over 60 percent. With rising unemployment of 24-27%,the loss in the stock market, and an expectation of an adjustment in housing prices, Chinese are holding back on spending-the opposite of what is needed to prop up Chinas GDP.
mitchee009 2 years ago
Western media, such as Bloomberg News and CNN, tend to copy the regimes economic data, such as the corporation profit numbers released in April, from the regimes press releases and report them to the western world without analysis. In doing so the Western media help enhance the CCP's carefully established notion that China is the only bright spot in the current worldwide economic crisis.
mitchee009 2 years ago
good stuff. keep it up. just out of interest, whats your background? are you an economist??
strasheep 2 years ago
He's was a drug dealer.
He used his dope money to make more money in the Real Estate market. Now he's into precious metals and what not... but he still sells halucinogenics. Hence the name, "Vision Victory".
Yo Vision! I need another 5 sack!
JurkoffJay 2 years ago
slander is against the law
the law of common decency
jj ..you are a clone
good luck with that ..
woof...
chena3 2 years ago
I hope Cali sloughs off into the Pacific, with only Daniel and his posse as beachfront owners.
See Drudge today, right hand side, "States Budget Woes to Worsen." It explains how the stimulus is being used simply to cover current expenses, and notes the inflexibility in cutting spending or raising taxes.
dmger14 2 years ago 2
Comment removed
uprightnbreathin 2 years ago
DXY.....dollar index..... today june 2 2009
78.40 down.... 1.02 %
5 days down ....3.02 %
20 days down ..6.69 %
60 days down..11.48 %
year to date down.......4.26 %
bad badgers
no parsnips
chena3 2 years ago 4
—California Gov. Arnold Schwarzenegger and the state's chief accountant Tuesday warned lawmakers that they have until June 15 to close the state's crippling budget deficit.
If they miss the deadline, the state will run out of cash by the end of July, said state Controller John Chiang. That means Californians could see a repeat of this past winter, when officials delayed payments to welfare recipients, private contractors and local governments to keep the state solvent amid a budget impasse.
coultrane 2 years ago
Have anyone heard of this: cocaine-dealers-demand-to-be-paid-in-GOLD. Oh boy, the big money boys want to get out of the dollar now, and want gold. What do you think will happen to the price of gold, when they make it mostly mandatory to pay in gold.
kbdory 2 years ago
you are quite right... nations do know! why else would USA treasury secretary be out in china today? THE DOLLAR IS GOOD! HONEST!
stewtrek 2 years ago
those tax rev numbers tell the story way better than unemployment numbers. in part its the phds flipping burgers that affect tax revenue.
oh and if i hear one more economist say "good times just ahead" OMG PANTS ON FIRE!
stewtrek 2 years ago
Make no mistake, all this stimulus and bailouts help in the short term. But it only delays and magnifies the pain. Even the CBO stated that Obama's stimulus will help a little, but ultimately hurt more than it helps. States are using the stimulus just to pay their enormous expenses. They are literally counting on a rebound to make ends meet when stimulus money runs out. But since the stimulus is a short term sugar high, it will not lead to sustained recovery, but the bills WILL come due.
dmger14 2 years ago
CNBC is a subsidiary of GE. GE is in Obama's pocket, because they need the green technology to remain profitable. Perhaps the better question is why their "experts" are the ones who got the stock market collapse wrong. Doesn't it make sense to listen to the people who got it right, Celente, Zulauf, Schiff, Roubini, Jim Rogers and yes, Daniel?
dmger14 2 years ago 2
Northwestern Mutual Makes First Gold Buy in 152 Years (Update2)
Share | Email | Print | A A A
By Andrew Frye
June 1 (Bloomberg) -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the companys 152-year history to hedge against further asset declines...
The downside risk is limited, but the upside is large, Zore said. We have stocks in our portfolio that lost 95 percent. Gold is not going down to $90.
webdork69 2 years ago
Hello Daniel,
I've been watching your videos for a long time, but I can't understand the disconnect btw you and CNBC, according to them the economy is on a roll, kindly explain why the experts on CNBC are wrong and you are right.
Cheers
nyc10101 2 years ago
Could it be that Daniel does detailed research, applies a fair dose of common sense, and gets it right? CNBC "experts"?? Puh-leeze. CNBC is just a bunch of spinmeisters trying to hype a failing product. Daniel's observations helped my family navigate through last fall's collapse...if I'd listened to CNBC, we'd likely be in a tent now.
retmilhoosier 2 years ago 2
nyc10101:
No one can explain why CNBC is wrong in 500 words or less. Each answer I could give would create 10 more good questions that would need to be answered. And even if the questions where not apparent to you, you would continue to believe the lies because it makes you feel good.
This what CNBC is all about "entertainment".
Search on YouTube for
tube network
The statements made in that video is so true. The tube told me that dollars, is money. IT IS NOT.
davincij15 2 years ago
Gee Danny, everything I read in the local and national news implies the worst of the recession is over. Even george4title expects to start living normal again. I must be having a bad dream or living in a time warp.
ghosty426 2 years ago
americanos are doomed.
spacey50 2 years ago
How about people with credit cards? Buying silver and gold is my vote of no confidence in America today. You cannot raise taxes or cut spending without bigtime resistance, and you can't borrow enough money to pay off the bills coming due by jacking up interest rates to attract the needed dollars. So the ONLY FEASIBLE future is continuous high deficits paid by printing money. While it sounds horrendous, it's the easiest path AND most effective at delaying the pain to later than alternatives.
dmger14 2 years ago
man!!!!! I cannot believe this is happening to America........
diamondcolosus 2 years ago
Administration: Highway fund to go broke in August
The Obama administration is warning lawmakers that the trust fund that pays for highway construction will go broke in August unless Congress approves an infusion of as much as $7 billion.
INFUSION. How about BAILOUT. Just wait until ENTIRE STATE GOVT. ASK FOR INFUSIONS. The AIRLINES CAN'T BE FAR OFF EITHER!
coultrane 2 years ago 3
Yeah, hows all that for "green shoots" eh?
Our money is made by Parker Bros...
i.e. a total and complete LIE
webdork69 2 years ago 2
All I'm going to say is pretty much what Vision has been saying; these market gains mirrors last years. The Dow was ascending at prodigious speed only to collapse to decade lows; this house is built upon sand and will be washed away eventually.
Eyebeemz 2 years ago 4
mitchee,
Your overall analysis is spot on. However, every western nation has its share of "CCP" look alike operators. Until their activities are brought to light and all the people in their respective countries recognize the harm they intend, we will have global enslavement.
We need to dismantle the UN, IMF, WHO and other institutions that have been set up as the prototypes for one world government. Power and money is being transferred to them as we speak. A mighty task is at hand.
Valkurries 2 years ago 5
Correction: their to there below.
There are simple things you can do. Stop ALL payments, buy local food, grow your own food, buy used. Convert your car to water fuel cell (Stanley Meyer). Use wood burning stoves (collect free wood) and solar generators for heating.
Stock up, buy some gold & silver, convert US dollars to Asian/AUD currencies at the airport. Drop technology- no cell phones, internet, or cable bills.
Protect your family and practice a self-sufficient lifestyle.
Valkurries 2 years ago
Actually out of all the bloggers here on the Vision channel, i need to be truthful as best i can, because what we are exposing about the CCP is the Root cause of evil in this world, in terms of the Social, Political and Economical Globalist agenda.
Even The NWO wants the CCP's model of tyrannical rule to be the model for their platform.
The CCP controls it all. If it was not imminently collapsing, we would be done for, for sure.
The Gods, as you will from Greek Mythology favor Liberty.
mitchee009 2 years ago
The Gods, as you will from Greek Mythology, have determined the fate of the CCP. I am not concerned about the CCP, because this evil specter is doomed.However, this is a bit deeper, and many people will not be able to handle what is said next, but, the main concern is...Anyone who is part or affiliated with the CCP and has still not withdrawn from this evil cult specter is in grave danger.
That is why "The Nine Commentaries on the Communist Party" is so important for Mainland Chinese to read.
mitchee009 2 years ago
The rally continues. This could go all summer and DOW 10000 very possible despite core indicator problems. Do not discount the propaganda machine. I will sway most people who only watch MSM.
taineasy 2 years ago
mitchee,
As you say, our elitists, multinationalists, corrupt politicians have had 50+ years to wage a Quiet War against the American people and they have nearly succeeded in their goals.
Valhala, do not think for a minute we don't know what kind of collectivism a la China these people have waiting for us. We refuse to endure regime change. However, their will be a civil war in this country. They will be thrown out of office, ridiculed, and legally held accountable for their actions.
Valkurries 2 years ago
Valkurries, we are very lucky that the Chinese Communist Party's imminent collapse is upon the world. The Free Worlds only hope to survive is based on the collapse of the CCP.
My whole time on Daniel's channel blog, i have warned of this. I have said this many times.
The Worst atrocity has yet to be revealed though my friend, that will cause the change in people for many generations to come.
Its not a matter of IF, only When. the CCP collapses that is when the world will change.
mitchee009 2 years ago
I agree, a lot of misfortune is coming. This is the wakeup call the sleeping giant of the middle class needs to start takeing action.
Are we going to let them tax us to oblivion, to put onerous debt on our childrens backs for a lifetime?
Are we going to let our freedoms be chipped away piece by piece to we no longer resemble the FREE country we used to be?
Yeah leave the system as it is. Why change when things are going so well.
valhala56 2 years ago
June 1 (Bloomberg) -- Another global financial crisis triggered by a loss of confidence in the dollar may be inevitable unless the U.S. saves more, said Yu Yongding, a former Chinese central bank adviser. " Save $? USA? HaHaHa!
In other news...as reported in Reuters today, Timmy Geithner tells China its dollar assets are safe & the crowd laughs!
Anyone paying attention to the dollar index, the 10 year treasuries, oil, gold or silver? The sirens are wailing & stupid sheep still sleeping.
livefree1789 2 years ago 2
The Dow pushed through the 200 day MA intraday today, but eventually settled just an eyelash away. Interesting.
Maybe it's me, but if I look at a 60 day chart I see too big disconnects in the index, and they both occur on or near the 1st of the month. Coincidence?
Trazom24 2 years ago
Valhala,
We don't need a new system. We need to enforce the laws that have made our nation the most prosperous in the world!
We need to prosecute the criminals who have violated our constitution, our commercial laws, the Geneva Convention, and basic common decency.
We have to stop those who have used the name of our great country to monopolize resources, plunder, and wage war against innocent people worldwide.
We need free energy development and equity around the globe.
Valkurries 2 years ago
Ok, fine we keep the same system. The system that now has the US in the red for over 1 & 1/2 trillion $ I believe. A system where the richest are not taxed, the middle class pay the bulk the taxes, A system that is selling the US piece by piece to foreign countries?
A system that is rigged by Obama and his handlers?
This is the system that you don't think we need to change?
Ok fine, cya in the FEMA camp bread line.
valhala56 2 years ago
Valhala,
You're wrong. When the Founding Fathers decided to form a democratic republic in contrast to an English kingdom. Now in the US we are back into the dark ages with the divine right of kings. In a democratic republic, Obama does not have the right to fly to New York at the tax payers expense for entertainment.
If Obama was a rugged Individualist, he would have gone to New York and paid for it himself!
You are either too young to know better or pushing progaganda.
Valkurries 2 years ago
Thanks VV!
Guess I better get the tires on my little lawn mower wagon aired up...
ChrmdLabradorite 2 years ago
No offense...one cannot save enough silver/gold or food for whats to come and if you do you'll be an early target...
bangkokslim 2 years ago
Hence the Bond market sell of last week
will probably come in waves
OpenMind00 2 years ago
Ok so things never get better they only get worse what else is new?
VentrueAccolyte 2 years ago
Then they should use the on off control of the TV, and radio, don't buy a newspaper, and blank out road side advertising signs.
Puzzoozoo 2 years ago
I hear you. Easier said than done though. PR works on a subliminal level and is very hard to "turn off". The grandfather of PR was Edward Bernays, he was the nephew of Sigmund Freud, so he knew how the human brain worked. We are programmed from birth. We have been turned into selfish consumer slaves that have no idea who we are. Myself included, but I am learning and breaking out.
nextdimensions 2 years ago
"Great men and great women give great and eloquent speeches; the wildflower has greater power to render the soul speechless"
~~cc
Break out and smell the wildflowers!
carefulcarpenter 2 years ago
Some people. I for one take no notice of celebrity endorments, and I tend to ignore advertising in general. The ad break(s) on the TV is a chance to make a pot of tea or go to the toilet. I live a quiet and quite frugal life, and don't by shit I don't need. I prefer to do my purchasing via personel experience for everyday items, and research for things I want to buy.
Puzzoozoo 2 years ago
Its hit 63 trillion because you bought 10 trill worth of "bad assets" for 50 trill, and the rest was probably "currupted" off by the politicians and bankers (who are neighbours).
Their other neighbour, the lawyer, is also milking this.
There will be a new freemasonic "false christian" class, and they are gonna carry weapons everywhere, and we will be reduced to slaves.
But to make it worse, we never even lost the money. It was the rich, who blew it, so they could do all this !
mikeybrumbrum 2 years ago
This economy is stricken with Infectious Pneumonia but Wall Street gives it a clean bill of health; a little something called REALITY will kick in any day now.
Eyebeemz 2 years ago
I'm still waiting for that.
Interestingly, DJIA has all but reached the 200 day MA, and seems to have stalled right there for the time being. Let's see what it will do.
Trazom24 2 years ago
Citigroup and Gm are now gone from the dow 30. And the illusion continues!
Say Bye
Buh Bye!
coultrane 2 years ago
[QATAR] should look to diversify investments away from the Dollar according to the economic advisor to the country's Emir. The advisor, also head of the Qatar's secretariat for development planning is worried about the weak Dollar, and thinks now is the time to consider diversifying into different countries and currencies.
coultrane 2 years ago
AP source: GM will close or idle 12 more plants
A person familiar with General Motors' plans says the automaker will permanently close nine more plants and idle three others to trim production and labor costs under bankruptcy protection.
And yet: Futures point higher on more signs of recovery
Wall Street appears headed for higher open on upbeat data on consumer spending, manufacturing
Fascinating. Wall street has decoupled from Mainstreet.
coultrane 2 years ago
44% is reality - and a frightening one!
VV could you comment on the reliability of the Dow 500 when bankrupted major corps. (such as GM) are simply deleted? Thanks!
MzProgressive 2 years ago
Sadly a large part of the chaos headed our way will be at the hands of those who have believed what the talking heads and the political and economic 'experts' on TV and in the print media are saying. When those Americans find out that they, personally, have been lied to...things are going to become pretty interesting.
wrb1957 2 years ago 2
America has become semi-Communist because the CCP has infiltrated America's Lowly, greedy and rotten politicians, business executives, and so called "Leaders" of the people. They have been enticed by the Institutionalized SLAVERY system of Communist China under the CCP for decades now. Who do you think is the blood sucking parasite that has sucked the Manufacturing Marrow, Gold reserves, Treasury Bonds, out of America? None other than the CCP.
However the future is clear and good. Liberty.
mitchee009 2 years ago 4
Mitchee, you said "America has become semi-Communist" Then what is the rest? I guess you may have something there as relations with our communist neighbor in Cuba has warmed, but other Communists like Hugo Chavez has gotten worse.
Daniel Great vid as always!
valhala56 2 years ago
...of all the 'ism's' in the world, Communism, Fascism, Socialism, etc. the most abhorrent infiltrator and common denominator of all of these is Collectivism. Collectivism is what ruins nations. Individualism is the opposite.. Individualism is what America was founded on and is the core foundation of Liberty and Freedom.
nextdimensions 2 years ago
Evil resides in groups. The free individual has always encountered opposition from group-minded thinking.
"Truth does not need collaboration to endure"
~~cc
carefulcarpenter 2 years ago
Your not going to understand this nexdimensions. I would agree that Indivualism worked, ie Adam Smith's "Wealth of Nations" until now. This concept is breaking down now and badly.
Individualism will not work when you have a few fantasticaly wealthy people and& hundreds of millions starving, I don't know if Collectivism is the answer but the utlimate Indivualism is a tryrannical dictatorship. When B Obama says I'm the boss, my way or the highway then you might see it a little differently.
valhala56 2 years ago
There was point in when the Founding Fathers of the American Colonies decided the "Old ways" were not going to work for US.
We are at a similar crossroads now. The old ways, some of it could be called Free Market Capitalism which may have worked quite well until now is no longer working.
Now we like our Forefathers must come up with something new otherwise this country will disintergrate like the Former Union. If you choose to cling to the old you will see change you don't like.
valhala56 2 years ago
valhala56: I think that the first thing that you need to realize is that what you see in this country currently is NOT freemarket capitalism. Therefore, you are incorrect to blame free market capitalism for these troubles. Once you realize that this is far, far from what free market capitalism truly is, you will begin to see why this country is falling apart. These large corporations are NOT free market. They are highly subsidized! Far from true free market ideals.
MrsSarb 2 years ago 2
I agree MrsSarb, whatever you choose to call it must change or is going to change into something better or something worse. The worse could be Facsism.
I think people like Daniel are like the people in 18th century America starting the converation on what needs to be changed. I got no problem with Capitalism, but I think we all agree what we have now is not working.
Now like our forefathers what are we going to do about it?
Are we going to let Obama be the decider?
valhala56 2 years ago