deceiver123m Use to be 4 now I have 9 pounds of silver. I buy Canadian silver. American not sure but I heard gainsville coins is pretty good. Better to go to a local coin dealer that has been in business for years. You might save on courier fee's and the silver and gold is right there. Get a scale off of ebay 10 bucks and learn the weights also magnet.
@Thorneization Whats a good place to get silver in usa. Can u recommend a trusted source that u use? I heard some companies are selling FAKE gold and FAKE silver, so im weary of putting my fiat cash into fake coins.
@RicosDomeTown Correct. In EU we are afraid of bankrupcy after Greece and Ireland this latest six months, so we are buying commodities, even if Euro is more stable than other currencies, but we have no trust in it. For us it's a bubble, only more slow to pop than Dollar, maybe, but the road-map is the same.
I think you gave us a great contribution to comprehension of some movements in gold market. I have only a question: if in 1971 the currency had been solved by the corrispective in gold, how could the price of gold be so affected nowadays? I mean: if gold and currency are two different things since 1971, how could be this dependence so alive now?
It's known that their first investment was from the money they made with the technique posted at ez-casino(dot)com, I've started to make money with it...
Fiat currency or gold...think...whats the difference. International acceptability of gold out reaches the dollar? Well blame china for under valuing their currency, blame iran and other countries for not continuing use of the petrodollar. They are the ones forcing our central banks to manipulate the price of gold. OUR BANKS ARE TRYING TO PROTECT US AND THEMSELVES. Stop fueling a gold market with these publications. Just by publishing this you're a gold price manipulator too.
BTW - I already own large amounts of well hidden physical gold and silver + guns, food and water + several tons of "survivalist items" for my family and I to survive for many years never leaving our "bunker". But my Wall Street investments? Will hyperinflation wipe them regardless if I'm short or long?
If hyperinflation sends the Dow to 500,000 but the dollar becomes worthless then, today, then it is impossible to preserve assets in the stock market? Buying stock priced in worthless dollars - means the stock is worthless? Selling short or buying ultra short ETF's is worse as you were expecting a crash but prices instead went UP. You must cover at huge losses (with worthless $?).Will someone please explain what HI will do to the stock market? Gold, silver, food, water, guns. Armageddon time?
@w0tm I don't get it; Ohh-bam-mah keeps talking about how things will keep getting better in the U.S., but according to "these" types of videos, things seem to be going down the toilet, for most nations in the world. Are the leaders possess something to "see" most average people do not, or are they just too naive???
the same is happening with silver, but to a worse extent, it should be about $80/oz now not $17.
the world will RUN OUT of silver in the next 10-15yrs, yet the govt manipulators are keeping prices down, so people think silver is worthless, but theres actually LESS silver above ground than gold, yes LESS silver above ground, manipulation is the word people. silver could be worth MORE than gold one day, as its been used up, gold isnt used up as much as silver
Very important point. One could look at the government as a sort of public-relations arm of the entire body of international corporations. They're totally owned and we are sold out.
Check into the silver market; Gold is at all time highs, but silver is about 1/3 of it's all time high. The silver market is also a LOT smaller than the gold market and typically rises much faster than gold. Also, look into the silver market manipulation claims of Ted Butler. He makes some very compelling arguments.
I too believe hyper-inflation is coming and the partial or total collapse of the USD, but I shudder to think that it will come down to the scenario you are indicating where ammo is necessary. the Gov has a new weapon for urban warfare it is an automatic gattling style shotgun it fires 20 gage loads @ 300 rounds/min. Google on YT AA-12, that and helicopters and we are done!!!
I can help you on this. Numismatic pretty much relate to government issued gold/silver coins. Also means "to use according to law" There are a lot of advantage to them that i don't have space to enumerate. As for buying at ounce value, sure! Each coin has it's premium value though, which can change at any given time. Usually covers additional costs when the price on spot is too low. About "not buying from a US company" i would guess it has something to do with government tracking it, not sure.
If this is a manipulation question, it's quite easy. For example Goldman sachs owns 30% of above ground silver. And the NY fed owns most of the above ground gold (I dont know the number) Since they have a HUGE position in these markets shorting them works like a glove. Sell 30% of your silver on the market, price goes down a LOT, then simply buy it back again which drives the prices back up. Shorting stocks/commodities in such a manner rigs the playing field.
I thought Germany and Saudi Arabia and others were hoarding gold. If the US has so much gold, why can't we back our currency?
Question 2. What about the 10-20 Gold Producing countries - if Gold rises to say, $2000, these countries will invest in more mining = more gold = keeping gold price 1000-2000 ounce?
As regards to the PRICE MANIPULATION of Gold and Silver: I understand how if someone owns a lot of a stock or commodity - they can sell the stock or commodity - lowering the price and then buying it back again at the lower price. Very Interesting! Question: When will this manipulation be BROKEN...and allow Silver and Gold to rise?
That happens when the real economy becomes obvious to everyone. Same way people figure out a ponzie scheme is a ponzie scheme ; when the author loses control. There will be more and more shortages on physical silver, you can also see how the Comex has been defaulting silently (re-emboursing cash rather than physically). They have a lot of tricks up their sleeves , it could take a week, a year, or even five years. My bet is that we'll probably see the real value come back as the ...
As I watched the Dow reach over 9400 today and economists saying the "recession is over" I have to wonder that it may be a really long time before people get to understand/believe that fiat money is a ponzie scheme. I am thinking that as long as people are buying stocks around the world, they still have trust in the fiat system.
Is there a special trigger or two that could suddenly cause people to mistrust fiat?
... government bonds bubble bursts. That can only be catalyst to a chain of events such as the chinese selling their bonds in the hopes of losing less value to inflation, which will destroy the trust of our dollar, making it virtually worthless to the other countries, resonating in a cascade of inflationary events. There is no way the comex can keep their manipulations going through all of this when people are swarming into the commodities markets. If not, silver will still preserve wealth.
In other words, you think that the government bonds are in a big bubble(that people went out of stocks and put a lot of money into the bond market.) And all bubbles burst. Perhaps when people feel that the recession is over and put money back into the stock market...then the bond bubble bursts?
I saw on TV today that countries like UK, France, Germany and others have even more DEBT as % of GDP as the USA!
Is not trust in UK, France, Germany currencies worse than USD?
I gotta admit i did not look up the debt per capita of these countries, but i do know the US' recently skyrocketted compared to the others. Canada used to have a higher debt, now the US probably broke through (The canadian government won't disclose their debt, or at least i can't find it on the web) just this year. The policies in the european union (to my knowledge) aren't quite as disastrous as the american ones. Every week it's a new shennanigan. As for the bond bubble...
Canadian debt is past 60 billion and climbing! Also government officials say there's no recession, yet the unemployment rate is above 10%...how does that make sense. Alot of small businesses are closing down, housing market is terrible and the price of Gold is going up. Price of food is going up also, but the price of non-essential items are going down like electronics, computers, but who needs those thing for survival.
@D33Lux Canadian debt is NOTHING. Our 5 brick & mortar banks (as well as our currency) is almost as stable as the Swiss. Thanks to our regulation, we don't have the piss and shit going on up here. Americans will say we are under socialist rule and are a "nanny state"... but those very monetary laws will fare us well in the end. 60 billion in debt is only $2000 for every Canadian citizen. A pittance! I could sell my television and pay my share in 5 minutes! The CAD is VERY stable.
@rightsideofhistory What is this regulation you speak of, I would like to know more about this. Debt is only one factor, we trade with other countries so if they suffer so will we. In the great depression of '29 we got hit also, there are no winners with a country in the red (debt) Don't forget all the parasites on welfare, immigrants, baby boomers retiring, people on unemployment...etc That $2000 social debt will quickly climb to $20,000.
@D33Lux They are numerous, leading many Americans to often call Canada "socialist"... but some simple examples would be our mortgage rules. You can't get approved for a mortgage in Canada unless it lands under 40% DSR (debt service ratio) of your monthly income. That leaves 60% for expenses. A safer (and reasonable) amount of breathing room. We don't do "sub prime" as we can't get morts we can't afford. Secondly, exotic financial devices are illegal here (derivatives or c.default swaps, etc)
@D33Lux Don't forget - Canadian welfare systems were set up structurally sound. EI ((un)employment insurance) is paid for off every paycheque from 90% of the nation, and obtained by 10% that claim from it when in need. Only lasts 52 weeks, maximum. Welfare is much much less...just enough for shelter and food. Both EI and Welfare end annually in a SURPLUS because the paying-in group is 10X larger in number (& 100X richer in income). It would still operate at 35% unemployment. We'd get thru it
@rightsideofhistory I'm not in favor of optimism, faith is a dangerous crutch to rely on. What if as forecasted this depression turns out to be serious & lasts 20+yrs what surplus would we have with growing unemployment & an unrecoverable job & housing sector. There are more people being pumped out of colleges & universities & cannot pay off their student loans, no new jobs being created. As some people have suggested we need some revolutionary innovation like the internet to create jobs.
@D33Lux If you really want to get deep, remember that money, debt, and value are also human-made concepts. If forced to decide between total upheaval and doing something radical...why not do the radical: on one day, all internal soverign debt (both government and personal) is waived and forgiven. The accounting wiped clean. What you have today is what you start with tomorrow. Clean slate (aside from debts we owe to foreign nations...although it was done for Haiti!). Life or money. Hmmm
@rightsideofhistory Of course, waiving debt clean is a farce - because infinite growth is the problem underlying everything. Population MUST go flat. Corporate dividends MUST go flat. Consumption MUST go flat. Shrinking would be even better. As long as next year "must" trump this year...the model followed since the industrial age started... we're doomed. We either voluntarily go flat (where we decide), or nature or the system will force it upon us eventually (where it happens ugly)
Clarissa-The scum bankers are making WAY more off the paper currency scam than they would off their gold holdings. They have stolen TRILLIONS of dollars through the scam that IS paper currency.
TadRapidly - please explain how the bankers have stolen trillions through the scam that IS paper currency. Are you referring to the subprime mortgage mess and the trillions lost to our economy? Are is there something more specific you can explain to me?
The constitution states that only gold/silver shall be used as money. Currency that is NOT backed by gold is created out of thin air which inflates the money supply which devalues the currency. INFLATION is a hidden tax. The fed creates booms by lowering interest rates then creates a bust by removing money from the system. Then they scoop up assets for pennies on the dollar. Fiat currency is a criminal endeavor, nothing more, nothing less. Oldest trick in the book going back centuries.
Gold is used by central banks to manipulate the "attractiveness" of their fake paper money. Gold and silver are REAL money and therefore are "competition" for the fiat currency. So for decades, central bankers have been stealing and hoarding gold so they can release it into the market when they want in order to create supply which keeps gold price down. As long as gold is held down, the demand is down also and that makes their fake paper look like a good investment to the world. It's a SCAM.
Thank you for a very clear explanation. Indeed, to keep fiat currency desirable, Gold price needs to be kept down. So, the US releases Gold, drives price down and USD looks good.
How about Germany and other countries that hold a lot of gold. Can't they also manipulate the price of gold when they release gold?
Are other countries also in on the SCAM? ...meaning the other countries want to prop up their FIAT CURRENCIES too?
Yup, fiat currencies are everywhere. The Euro is a good example! Recently, Germany gave the Comex a LOT of gold to cover contracts in order to avoid a default. A default on the comex is what everyone is waiting for!!
that's the million dollar question. Some say they're running out of gold fast. Some say fort Knox doesn't have ANY gold in it! Ron Paul is working to answer these questions. The bottom line is that PMs should stay in-line with prices of other commodities like food, energy etc. The dollar is losing value every day and will be valueless at some point. Get yourself some PMs.
Another manipulation is for big banks to hold thousands of "short" positions on Precious metals in the stock market. That means they're "betting" that the price will go DOWN. That effects the market price of Silver. Again: GOLD AND SILVER ARE REAL MONEY AND THEREFORE COMPETITION FOR THEIR FAKE PAPER MONEY SCAM. So they do whatever they can to hold those prices down but they can't do it forever. That's why people are BUYING it now. Their scam is becoming obvious to anyone with half a brain.
The housing bust is a classic example-the FED lowered interest rates so people who have no business taking on a mortgage would do so. The loan goes into default, the banks are left holding debt, they go out of business and JP Morgan, for instance, buys the banks assets for pennies on the dollar. Big banks gobbling up smaller banks>>GIANT banks gobbling up BIG banks and so on. Eventually there will be only ONE bank. ONE government. ONE army. And you better do what they say, darlin'!
Yes, Tad, I read about how the US economy should have gone into recession after 911, but the Fed kept lowering rates to avoid the recession by getting people to take out loans stimualting the economy. As you say, many people could not pay back the loans and defaulted on mortgages ruining banks balance sheets.
I think bankers really run this country..maybe the world. Even Obama said he could not make the bankers do what he wanted with the bailout money (I.E. Lend $ to stimulate economy.)
Because it's not just a matter of making a fortune, it's a matter of civil unrest, of life and death. Why hide the facts when they can save a STAGGERING amount of people with simple logic. Trust me, it takes a while to understand this, but it is REALLY academic once you put the pieces together. If people wake up, i won't make a fortune, but at least the market won't be dying anymore ; so i'll make it back whilst everyone is happy. So i beleive i speak for all of us precious metals investors.
ExquisiteDoom - If I understand correctly, the people that are selling silver and gold are not interested in obscene wealth, but they are rather concerned with everyone owning some silver and gold, so that civil unrest will be less likely - in the case that the US Dollar goes bankrupt or, at least, suffers from hyperinflation in the near future?
If the gold is still there, they must be selling to each other - bank to bank.
rupertmja1 1 month ago
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123THERollyboy 4 months ago
deceiver123m Use to be 4 now I have 9 pounds of silver. I buy Canadian silver. American not sure but I heard gainsville coins is pretty good. Better to go to a local coin dealer that has been in business for years. You might save on courier fee's and the silver and gold is right there. Get a scale off of ebay 10 bucks and learn the weights also magnet.
Thorneization 6 months ago
My oh my 2. kg in silver and still stacking
Thorneization 10 months ago
@Thorneization 4 pounds?
deceiver123m 6 months ago
@Thorneization Whats a good place to get silver in usa. Can u recommend a trusted source that u use? I heard some companies are selling FAKE gold and FAKE silver, so im weary of putting my fiat cash into fake coins.
deceiver123m 6 months ago
Too much music. Music that's louder than the speakers.
Other than that, great video.
Karvante 1 year ago
Great video--just lose the music. It makes hearing the speakers difficult.
gspotjazz 1 year ago 2
@RicosDomeTown Correct. In EU we are afraid of bankrupcy after Greece and Ireland this latest six months, so we are buying commodities, even if Euro is more stable than other currencies, but we have no trust in it. For us it's a bubble, only more slow to pop than Dollar, maybe, but the road-map is the same.
evadidio 1 year ago
I think you gave us a great contribution to comprehension of some movements in gold market. I have only a question: if in 1971 the currency had been solved by the corrispective in gold, how could the price of gold be so affected nowadays? I mean: if gold and currency are two different things since 1971, how could be this dependence so alive now?
evadidio 1 year ago
@evadidio look up Austrian School. The answers you are looking for are there.
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margotChasemkon 1 year ago
would Mexico be rich nation in silver ?
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polysemousncrk 1 year ago
Fiat currency or gold...think...whats the difference. International acceptability of gold out reaches the dollar? Well blame china for under valuing their currency, blame iran and other countries for not continuing use of the petrodollar. They are the ones forcing our central banks to manipulate the price of gold. OUR BANKS ARE TRYING TO PROTECT US AND THEMSELVES. Stop fueling a gold market with these publications. Just by publishing this you're a gold price manipulator too.
joe4606 1 year ago
BTW - I already own large amounts of well hidden physical gold and silver + guns, food and water + several tons of "survivalist items" for my family and I to survive for many years never leaving our "bunker". But my Wall Street investments? Will hyperinflation wipe them regardless if I'm short or long?
w0tm 1 year ago
If hyperinflation sends the Dow to 500,000 but the dollar becomes worthless then, today, then it is impossible to preserve assets in the stock market? Buying stock priced in worthless dollars - means the stock is worthless? Selling short or buying ultra short ETF's is worse as you were expecting a crash but prices instead went UP. You must cover at huge losses (with worthless $?).Will someone please explain what HI will do to the stock market? Gold, silver, food, water, guns. Armageddon time?
w0tm 1 year ago
@w0tm I don't get it; Ohh-bam-mah keeps talking about how things will keep getting better in the U.S., but according to "these" types of videos, things seem to be going down the toilet, for most nations in the world. Are the leaders possess something to "see" most average people do not, or are they just too naive???
bigdogITbiker 1 year ago
go for goooooooooooold!!!!! hahahaaaaaaaaaaaaaa!!!!!!
TheAtheistworld 1 year ago
the same is happening with silver, but to a worse extent, it should be about $80/oz now not $17.
the world will RUN OUT of silver in the next 10-15yrs, yet the govt manipulators are keeping prices down, so people think silver is worthless, but theres actually LESS silver above ground than gold, yes LESS silver above ground, manipulation is the word people. silver could be worth MORE than gold one day, as its been used up, gold isnt used up as much as silver
beswick1111 2 years ago
great vids, but the stupid fng music gets in the way jeesh.
Ganbareg 2 years ago 2
i agree
Leostitcher 2 years ago
its not even OUR governments funny money anymore, the fate of our monetary system is in private hands
MainTightSqueeze 2 years ago 3
Very important point. One could look at the government as a sort of public-relations arm of the entire body of international corporations. They're totally owned and we are sold out.
kensho3 2 years ago 2
Check into the silver market; Gold is at all time highs, but silver is about 1/3 of it's all time high. The silver market is also a LOT smaller than the gold market and typically rises much faster than gold. Also, look into the silver market manipulation claims of Ted Butler. He makes some very compelling arguments.
lilbitparanoid 2 years ago 4
the music is annoying and totally unnecessary
panam77 2 years ago
I trade my weekly Obama dollars into silver bars.
stjdavis 2 years ago 15
video is 4 years old and still no skyrocketting? how long can they manipulate?
buzzz121 2 years ago
Still no skyrocketing??? Did you watch Part 1? They quote the price of gold in the $450.00 range. Google the price of gold today.
3717777 2 years ago
Ouch! My Mistake, wish I got on board back then!!!
buzzz121 2 years ago
Three years from now that's what you will say again.
Your chance is NOW.
Buying munitions is a good investment too.
Bullets may be the currency of the future. No joke.
Watch the videos with Marc Faber. The big crash hasn't even begun.
HolzapfelNelson 2 years ago
I too believe hyper-inflation is coming and the partial or total collapse of the USD, but I shudder to think that it will come down to the scenario you are indicating where ammo is necessary. the Gov has a new weapon for urban warfare it is an automatic gattling style shotgun it fires 20 gage loads @ 300 rounds/min. Google on YT AA-12, that and helicopters and we are done!!!
buzzz121 2 years ago
Now is the time to grab the Golden Bull by the Horns but wait for the adjustment first
ninelivecat 2 years ago
$500 over 5 years isn't the skyrocket they're referring to. ;-)
kensho3 2 years ago
"* Buy bullion gold bars or coins (do not buy numismatic coins)."
Does this mean that US American Eagles or US denominated gold coins are NOT good investmetns?
by "numismatic" do you mean old coins that are used for collecting.
Do you mean we should buy Gold and Silver for the ounce value? (and not collectible value.)
Finally, why does he recommend not buying prescious metals from a US company?
Clarissa2424 2 years ago
I can help you on this. Numismatic pretty much relate to government issued gold/silver coins. Also means "to use according to law" There are a lot of advantage to them that i don't have space to enumerate. As for buying at ounce value, sure! Each coin has it's premium value though, which can change at any given time. Usually covers additional costs when the price on spot is too low. About "not buying from a US company" i would guess it has something to do with government tracking it, not sure.
ExquisiteDoom 2 years ago
Eagles are good. The person means don't buy that old as 5 cent coin that is supposedly worth so much and it just happens to be silver or gold.
vinny1010 2 years ago
Oh I get it. They are selling gold and silver and want people to buy it.
Jeesh, if they are so sure that gold and silver is such a great investment..why are they trying to sell their own?
really confusing.
Clarissa2424 2 years ago
If this is a manipulation question, it's quite easy. For example Goldman sachs owns 30% of above ground silver. And the NY fed owns most of the above ground gold (I dont know the number) Since they have a HUGE position in these markets shorting them works like a glove. Sell 30% of your silver on the market, price goes down a LOT, then simply buy it back again which drives the prices back up. Shorting stocks/commodities in such a manner rigs the playing field.
ExquisiteDoom 2 years ago
I was surprised that US Fed owns so much gold!
I thought Germany and Saudi Arabia and others were hoarding gold. If the US has so much gold, why can't we back our currency?
Question 2. What about the 10-20 Gold Producing countries - if Gold rises to say, $2000, these countries will invest in more mining = more gold = keeping gold price 1000-2000 ounce?
Clarissa2424 2 years ago
As regards to the PRICE MANIPULATION of Gold and Silver: I understand how if someone owns a lot of a stock or commodity - they can sell the stock or commodity - lowering the price and then buying it back again at the lower price. Very Interesting! Question: When will this manipulation be BROKEN...and allow Silver and Gold to rise?
Clarissa2424 2 years ago
That happens when the real economy becomes obvious to everyone. Same way people figure out a ponzie scheme is a ponzie scheme ; when the author loses control. There will be more and more shortages on physical silver, you can also see how the Comex has been defaulting silently (re-emboursing cash rather than physically). They have a lot of tricks up their sleeves , it could take a week, a year, or even five years. My bet is that we'll probably see the real value come back as the ...
ExquisiteDoom 2 years ago
As I watched the Dow reach over 9400 today and economists saying the "recession is over" I have to wonder that it may be a really long time before people get to understand/believe that fiat money is a ponzie scheme. I am thinking that as long as people are buying stocks around the world, they still have trust in the fiat system.
Is there a special trigger or two that could suddenly cause people to mistrust fiat?
Clarissa2424 2 years ago
... government bonds bubble bursts. That can only be catalyst to a chain of events such as the chinese selling their bonds in the hopes of losing less value to inflation, which will destroy the trust of our dollar, making it virtually worthless to the other countries, resonating in a cascade of inflationary events. There is no way the comex can keep their manipulations going through all of this when people are swarming into the commodities markets. If not, silver will still preserve wealth.
ExquisiteDoom 2 years ago
In other words, you think that the government bonds are in a big bubble(that people went out of stocks and put a lot of money into the bond market.) And all bubbles burst. Perhaps when people feel that the recession is over and put money back into the stock market...then the bond bubble bursts?
I saw on TV today that countries like UK, France, Germany and others have even more DEBT as % of GDP as the USA!
Is not trust in UK, France, Germany currencies worse than USD?
ALL go HYPERINFLATION?
Clarissa2424 2 years ago
I gotta admit i did not look up the debt per capita of these countries, but i do know the US' recently skyrocketted compared to the others. Canada used to have a higher debt, now the US probably broke through (The canadian government won't disclose their debt, or at least i can't find it on the web) just this year. The policies in the european union (to my knowledge) aren't quite as disastrous as the american ones. Every week it's a new shennanigan. As for the bond bubble...
ExquisiteDoom 2 years ago
Canadian debt is past 60 billion and climbing! Also government officials say there's no recession, yet the unemployment rate is above 10%...how does that make sense. Alot of small businesses are closing down, housing market is terrible and the price of Gold is going up. Price of food is going up also, but the price of non-essential items are going down like electronics, computers, but who needs those thing for survival.
D33Lux 2 years ago
I predicted the exact things you just said back in February 09 and put 90% of my savings in gold and silver.
residentzombie 2 years ago 8
@residentzombie good for you,
brianmenendez 1 year ago
@D33Lux where do you live I am in regina and things are awesome here unemployment is like 4% shitty for you
dasani7998 1 year ago
@D33Lux Canadian debt is NOTHING. Our 5 brick & mortar banks (as well as our currency) is almost as stable as the Swiss. Thanks to our regulation, we don't have the piss and shit going on up here. Americans will say we are under socialist rule and are a "nanny state"... but those very monetary laws will fare us well in the end. 60 billion in debt is only $2000 for every Canadian citizen. A pittance! I could sell my television and pay my share in 5 minutes! The CAD is VERY stable.
rightsideofhistory 1 year ago
@rightsideofhistory What is this regulation you speak of, I would like to know more about this. Debt is only one factor, we trade with other countries so if they suffer so will we. In the great depression of '29 we got hit also, there are no winners with a country in the red (debt) Don't forget all the parasites on welfare, immigrants, baby boomers retiring, people on unemployment...etc That $2000 social debt will quickly climb to $20,000.
D33Lux 1 year ago
@D33Lux They are numerous, leading many Americans to often call Canada "socialist"... but some simple examples would be our mortgage rules. You can't get approved for a mortgage in Canada unless it lands under 40% DSR (debt service ratio) of your monthly income. That leaves 60% for expenses. A safer (and reasonable) amount of breathing room. We don't do "sub prime" as we can't get morts we can't afford. Secondly, exotic financial devices are illegal here (derivatives or c.default swaps, etc)
rightsideofhistory 1 year ago
@D33Lux Don't forget - Canadian welfare systems were set up structurally sound. EI ((un)employment insurance) is paid for off every paycheque from 90% of the nation, and obtained by 10% that claim from it when in need. Only lasts 52 weeks, maximum. Welfare is much much less...just enough for shelter and food. Both EI and Welfare end annually in a SURPLUS because the paying-in group is 10X larger in number (& 100X richer in income). It would still operate at 35% unemployment. We'd get thru it
rightsideofhistory 1 year ago
@rightsideofhistory I'm not in favor of optimism, faith is a dangerous crutch to rely on. What if as forecasted this depression turns out to be serious & lasts 20+yrs what surplus would we have with growing unemployment & an unrecoverable job & housing sector. There are more people being pumped out of colleges & universities & cannot pay off their student loans, no new jobs being created. As some people have suggested we need some revolutionary innovation like the internet to create jobs.
D33Lux 1 year ago
@D33Lux If you really want to get deep, remember that money, debt, and value are also human-made concepts. If forced to decide between total upheaval and doing something radical...why not do the radical: on one day, all internal soverign debt (both government and personal) is waived and forgiven. The accounting wiped clean. What you have today is what you start with tomorrow. Clean slate (aside from debts we owe to foreign nations...although it was done for Haiti!). Life or money. Hmmm
rightsideofhistory 1 year ago
@rightsideofhistory Of course, waiving debt clean is a farce - because infinite growth is the problem underlying everything. Population MUST go flat. Corporate dividends MUST go flat. Consumption MUST go flat. Shrinking would be even better. As long as next year "must" trump this year...the model followed since the industrial age started... we're doomed. We either voluntarily go flat (where we decide), or nature or the system will force it upon us eventually (where it happens ugly)
rightsideofhistory 1 year ago
... I have to check some things out, i haven't been following them for a while. I'll get back to ya on this.
ExquisiteDoom 2 years ago
Clarissa-The scum bankers are making WAY more off the paper currency scam than they would off their gold holdings. They have stolen TRILLIONS of dollars through the scam that IS paper currency.
TadRapidly 2 years ago
TadRapidly - please explain how the bankers have stolen trillions through the scam that IS paper currency. Are you referring to the subprime mortgage mess and the trillions lost to our economy? Are is there something more specific you can explain to me?
Clarissa2424 2 years ago
The constitution states that only gold/silver shall be used as money. Currency that is NOT backed by gold is created out of thin air which inflates the money supply which devalues the currency. INFLATION is a hidden tax. The fed creates booms by lowering interest rates then creates a bust by removing money from the system. Then they scoop up assets for pennies on the dollar. Fiat currency is a criminal endeavor, nothing more, nothing less. Oldest trick in the book going back centuries.
TadRapidly 2 years ago
Gold is used by central banks to manipulate the "attractiveness" of their fake paper money. Gold and silver are REAL money and therefore are "competition" for the fiat currency. So for decades, central bankers have been stealing and hoarding gold so they can release it into the market when they want in order to create supply which keeps gold price down. As long as gold is held down, the demand is down also and that makes their fake paper look like a good investment to the world. It's a SCAM.
TadRapidly 2 years ago
I love the way you explain it. I shall remember it :)
ExquisiteDoom 2 years ago
Thank you for a very clear explanation. Indeed, to keep fiat currency desirable, Gold price needs to be kept down. So, the US releases Gold, drives price down and USD looks good.
How about Germany and other countries that hold a lot of gold. Can't they also manipulate the price of gold when they release gold?
Are other countries also in on the SCAM? ...meaning the other countries want to prop up their FIAT CURRENCIES too?
Clarissa2424 2 years ago
Yup, fiat currencies are everywhere. The Euro is a good example! Recently, Germany gave the Comex a LOT of gold to cover contracts in order to avoid a default. A default on the comex is what everyone is waiting for!!
TadRapidly 2 years ago
Now that I know a lot more about bankers and how the value of gold and fiat currency can be manipulated by (world?) banks, my question is:
What makes you think that the Bankers are losing their grip on the Scam? Why can't the manupulation of Gold (and Silver) go on indefinitely?
Clarissa2424 2 years ago
that's the million dollar question. Some say they're running out of gold fast. Some say fort Knox doesn't have ANY gold in it! Ron Paul is working to answer these questions. The bottom line is that PMs should stay in-line with prices of other commodities like food, energy etc. The dollar is losing value every day and will be valueless at some point. Get yourself some PMs.
TadRapidly 2 years ago
Another manipulation is for big banks to hold thousands of "short" positions on Precious metals in the stock market. That means they're "betting" that the price will go DOWN. That effects the market price of Silver. Again: GOLD AND SILVER ARE REAL MONEY AND THEREFORE COMPETITION FOR THEIR FAKE PAPER MONEY SCAM. So they do whatever they can to hold those prices down but they can't do it forever. That's why people are BUYING it now. Their scam is becoming obvious to anyone with half a brain.
TadRapidly 2 years ago
The housing bust is a classic example-the FED lowered interest rates so people who have no business taking on a mortgage would do so. The loan goes into default, the banks are left holding debt, they go out of business and JP Morgan, for instance, buys the banks assets for pennies on the dollar. Big banks gobbling up smaller banks>>GIANT banks gobbling up BIG banks and so on. Eventually there will be only ONE bank. ONE government. ONE army. And you better do what they say, darlin'!
TadRapidly 2 years ago
Yes, Tad, I read about how the US economy should have gone into recession after 911, but the Fed kept lowering rates to avoid the recession by getting people to take out loans stimualting the economy. As you say, many people could not pay back the loans and defaulted on mortgages ruining banks balance sheets.
I think bankers really run this country..maybe the world. Even Obama said he could not make the bankers do what he wanted with the bailout money (I.E. Lend $ to stimulate economy.)
Clarissa2424 2 years ago
LOL If someone disagrees with my 'question' please respond and educate me like Exquisite Doom and TadRapidly has done - in a civilized fashion.
Giving negatives to a question means nothing.
Clarissa2424 2 years ago
So many people speaking and suggesting people buy gold and silver.
What is in it for the speakers?
If they are so sure, why don't they, themselves, buy up all the silver they can't and relax?
Clarissa2424 2 years ago
Because it's not just a matter of making a fortune, it's a matter of civil unrest, of life and death. Why hide the facts when they can save a STAGGERING amount of people with simple logic. Trust me, it takes a while to understand this, but it is REALLY academic once you put the pieces together. If people wake up, i won't make a fortune, but at least the market won't be dying anymore ; so i'll make it back whilst everyone is happy. So i beleive i speak for all of us precious metals investors.
ExquisiteDoom 2 years ago 3
ExquisiteDoom - If I understand correctly, the people that are selling silver and gold are not interested in obscene wealth, but they are rather concerned with everyone owning some silver and gold, so that civil unrest will be less likely - in the case that the US Dollar goes bankrupt or, at least, suffers from hyperinflation in the near future?
Clarissa2424 2 years ago
where does the 1500 tonnes gap data come from?
lisajason111 2 years ago