USA is taking the line of creating political, financial, social, & religious stunts that play a vital role in moving forward for its global destruction policies to carry out. US govt has slaved its own nation. Born free taxed to death. $ will not be the global currency any more as declared in G-20 meeting. Internationally global policies of politics & trade are quickly changing. If USA wants to keep standing where it was it will have to leave the war track & not violate global peace any more.
Can't blame any country for retalliating. Our sanctions and bullying coupled with arming monsters and killing the helpless..well it's coming home to rooste perhaps ..I can find no good truths ..Orchestrated economic disaster serving the rich further. On and On ..it's endless so..get your G&S . Remember how Katrina was handled ? Be-aware !
Arent Chinas banks still kinda iffy? They had alot invested in the United States. China is going to have to buy China because everyone else is going bankrupt. Except Israel.
Chinese banks are not iffy when their people's savings rate is 53%. Also, when you China has 96% production of all the worlds goods. "Market Fundamentals" show that China is the only one who could come out of a recession.
The Chinese are incredibly brilliant and it's quite obvious that they are waiting for their time to emerge. Just look at what they are doing with their space agency and their plans to put a man on the moon -- they have made giant strides in a short amount of time.
I think you are right... it is a bit of a transition time for China, but once they focus on selling their goods domestically and find other markets (i.e India) they will be fine. The Chinese are well positioned to do very well.
it will take some years but i agree with you. no doubt the yuan is severely undervalued right now but china is definitely long term and we are extreme short term.
i buy silver at apmex in 10oz bars and 1 oz rounds.. u can get 100oz bars if u want also.
Just a quick note..The United States has 30 companies in the top 100 companies in the world (market cap) China has 4. China is the growth engine right now, but I would'nt bet the farm on China..I trust them less than our own government
I'm not sure if China's really getting a recovery...and Europe is in shambels...I seriously doubt infrastructure spending will be enought to keep thier manufacturing base growing...With two of the three largest regional economies contracting (Europe/North America) I seriously doubt China will have continued growth...in the long run.
Several places online with sufficient quantity. apmex, seekbullion. I have had the best luck with tulving. Lowest spreads and have always shipped when promised. Hope this helps. God Bless!
As always, interesting perspective. Wow, it took some guts for you and your family to get together and do the 401k evasive action -- commendable. Unfortunately mine is so beaten up it's hardly worth it and my previous employer has made it difficult for me to access it. Peace.
Your story is very familiar. I lost over 600K in 401K and ESOP. I finally closed out everything and took what I had left and sent it to Euro Pacific. The rest of my savings I used to buy both Physical and SLV. If you cant find physical buy SLV for now. I hate to see you lose money by being out of the market. I use Monex here in Newport Beach CA. They will store or ship. Silver is the way to go gold just does not have the same upside. Good luck!
I don't believe that China will recover. There is no way they can support a population that size without continuous growth in their economy and trade. I'm also not sure that they can produce enough food for their population. I pulled our 401K out of the market in January 08, and was able to move it to self directed precious metals IRA. I can't bring myself to lose half by cashing it out. I'm buying gold with it when this down cycle completes, but I'm worried about it being in an IRA.
You forget some key points. China has seen much worse, their population has the ability to care for themselves.
China has survived much worse, and with the money China would recieve from selling our bonds and saving from not buying them would carry over into the economy.
China is by far in a much better shape then the United States. Dont forget, China decides how much the US is worth to them we dont decide how much China is worth to us.
You have some good points. So the only possible bright side is that without China, perhaps we will start manufacturing again? - if we survive the collapse as a sovereign nation, that is. Should I be learning to speak Chinese?
I dont think China could care less. As far as manufacturing again, most of the outrage from the bailout is out of the thought that we will be unable to rebuild after this collapse.
I dont want to scare anybody but this is going to turn into civil war most likely. California may start it. We just pulled ourself out of the gutter by raising taxes and now they want to spend all this money on props in our election going HIGH TECH. When the country sees how much we need it may start a war.
I also don't believe China is "starting to recover." Any "news" item from a Chinese government source is suspect. Yes they have capacity but it's literally shutting down. Pearl River Delta had closed over 15,000 factories by Oct 08. Japan's exports are down 46% Taiwan's exports fell 41% in January. You will never get a real number from China. Japanese and Taiwanese investment and management in factories in China is massive. I strongly doubt they are recovering.
Great video, Rothbard is quite underrated in mainstream economic circles. I recently ordered his magnum opus; Man, Economy, And State. A very voluminous work to be sure.
If you don't mind ordering online and you are looking for silver, Apmex has quite a bit in stock. Also compare prices with Tulving and Bullion direct. Tulving only deals with large orders of 500oz of Silver or more. All three are highly recommended however I can only personally vouch for Apmex.
I second your opinion of APMEX. For bullion, they have an incoming batch of Silver Buffalo rounds much cheaper than the fancier Silver Eagles, Maples, Philharmonics, etc. Same weight and purity, but about 2.50 less per oz. You can even start an account (for free) on their website and order online without ever speaking on the phone, if you like. You can also set email market alerts for various PMs, and use that to zero in on a good spot price. =^[.]^=
I saw the Opus. I am sticking with the "Great Depression" book. That is some book to read. I think it should come with a Master's Degree in Economics.
what do you think the u.s. needs to do? china has a market because it's manufacturing simple stuff for the masses with cheap labor and polluting like crazy. the post industrial countries can't compete with that setup. the only thing i see is that we go back to a more basic society, get off the obsession with the global thing but then we will have no power and america seems to live for its power and fear the power of others. i fear american preemptive reaction to its loss of stature.
elephantinpjs... kk has stated in the past he thinks the US's best chance would be to completely turtle in upon itself, drop from the international trade/intervention past and focus on our own abilities of production. I tend to agree with him (forgive me for answering for you, kk).
light, I think if we lived on a different planet we could "turtle in". but there's a real, and yet, subtle battle for world dominance going on as i mentioned at the end of my comment. look at the world as geopolitics/economics and it looks a lot different than running a cottage industry. china seems to have outflanked us economically even though the outcome of U>S> policies was predictable. The US> somehow was lulled by China because of its lack of millitary aggression. Good move on Chinas part
We are at the end of our empire. The only thing we can do is to start to produce our way out of the mess we got into. Unfortunately, we have no infrastructure and no one with experience to teach us how to make sneakers, t-shirts, etc. It will take 20 years, to get back to the point to which we were at in 1970. That is reality. It is going to be tough.
"Turtle in" I like that! No problem. I always appreciate your thoughts! It is also nice to see that someone is paying attention to what I have been saying. lol!
We need to return to our agrarian roots. China and Russia have historically chronic problems with food supply. When they are rolling in money, they will still need something to eat, and the US could still be the breadbasket of the world.
I figure one bushel of wheat for one barrel of oil, or its equivalent in gold or silver. =^[.]^=
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USA is taking the line of creating political, financial, social, & religious stunts that play a vital role in moving forward for its global destruction policies to carry out. US govt has slaved its own nation. Born free taxed to death. $ will not be the global currency any more as declared in G-20 meeting. Internationally global policies of politics & trade are quickly changing. If USA wants to keep standing where it was it will have to leave the war track & not violate global peace any more.
yahoovisitor 2 years ago
Can't blame any country for retalliating. Our sanctions and bullying coupled with arming monsters and killing the helpless..well it's coming home to rooste perhaps ..I can find no good truths ..Orchestrated economic disaster serving the rich further. On and On ..it's endless so..get your G&S . Remember how Katrina was handled ? Be-aware !
RenegadeTimes 2 years ago
LOL , the world capital (specially us) is based on cheap hard work labor !
this is the economic .
once you don't have "cheap hard labor" , you won't have any wealth , upper classes...
once the economic system will collapse , everything will be in the right proportions , as they should be .
what do you think goverments are doing with stimulation packages ?
maintaining the situation !
it's all based on ricness and poverty , no matter what they'll tell teach you .
even in kids book it's...!
korenisrael 3 years ago
Great vid as usual. I believe that you are onto something.
Dakarah777 3 years ago
Arent Chinas banks still kinda iffy? They had alot invested in the United States. China is going to have to buy China because everyone else is going bankrupt. Except Israel.
dixon36 3 years ago
Chinese banks are not iffy when their people's savings rate is 53%. Also, when you China has 96% production of all the worlds goods. "Market Fundamentals" show that China is the only one who could come out of a recession.
Think about it.
Kittenkattan 3 years ago
They also have the most human capital in the world.
bdc03 3 years ago
The Chinese are incredibly brilliant and it's quite obvious that they are waiting for their time to emerge. Just look at what they are doing with their space agency and their plans to put a man on the moon -- they have made giant strides in a short amount of time.
I think you are right... it is a bit of a transition time for China, but once they focus on selling their goods domestically and find other markets (i.e India) they will be fine. The Chinese are well positioned to do very well.
wellingtonsc75 3 years ago
Good report as always
Travinyle1 3 years ago 2
it will take some years but i agree with you. no doubt the yuan is severely undervalued right now but china is definitely long term and we are extreme short term.
i buy silver at apmex in 10oz bars and 1 oz rounds.. u can get 100oz bars if u want also.
stshell 3 years ago
USA must probably collaps and bankupt west economy so that west civilisation then will work for a very low salary.
Then USA and europe again can compeate with asia workers with same salaries.
But it will be some very bad years and people will have to meet asian living standards.
Possible????
Peace
Magi
magi55 3 years ago
Magi,
I think that what you stated is more true than what most people are envisioning.
I think you are right on in your prediction.
Peace.
K.K.
Kittenkattan 3 years ago
Just a quick note..The United States has 30 companies in the top 100 companies in the world (market cap) China has 4. China is the growth engine right now, but I would'nt bet the farm on China..I trust them less than our own government
wrinkles1931 3 years ago
I'm not sure if China's really getting a recovery...and Europe is in shambels...I seriously doubt infrastructure spending will be enought to keep thier manufacturing base growing...With two of the three largest regional economies contracting (Europe/North America) I seriously doubt China will have continued growth...in the long run.
wrinkles1931 3 years ago
Very good of you to get out of your 401k.
I have suggested doing that to friends and colleagues, but they can't bring themselves to lock in the losses.
I try to tell them that 50% of something is better than 100% of nothing, but they just don't want to hear it.
Oh well, I tried.
Peridolin 3 years ago
Right now we are making so many preps for this thing. I need to update my videos, but you should check them out if you get a chance.
I have a huge greenhouse, garden in the works. Also more home fortification, security cameras, and much more food storage.
I bought some silver a while back, I have about 260 ounces now. I'm not going to buy more. If it booms like they say it will, it should be plenty.
crasster1 3 years ago
Superb video. Cool, calm, rational and very convincing.
valvika 3 years ago
Even Peter Schiff says China will recover and even Jim Rogers...time to head there LOL
VIRUSx17 3 years ago
Several places online with sufficient quantity. apmex, seekbullion. I have had the best luck with tulving. Lowest spreads and have always shipped when promised. Hope this helps. God Bless!
wheelzaspinnin 3 years ago
As always, interesting perspective. Wow, it took some guts for you and your family to get together and do the 401k evasive action -- commendable. Unfortunately mine is so beaten up it's hardly worth it and my previous employer has made it difficult for me to access it. Peace.
lightleague 3 years ago
Your story is very familiar. I lost over 600K in 401K and ESOP. I finally closed out everything and took what I had left and sent it to Euro Pacific. The rest of my savings I used to buy both Physical and SLV. If you cant find physical buy SLV for now. I hate to see you lose money by being out of the market. I use Monex here in Newport Beach CA. They will store or ship. Silver is the way to go gold just does not have the same upside. Good luck!
Bassmarko 3 years ago
I don't believe that China will recover. There is no way they can support a population that size without continuous growth in their economy and trade. I'm also not sure that they can produce enough food for their population. I pulled our 401K out of the market in January 08, and was able to move it to self directed precious metals IRA. I can't bring myself to lose half by cashing it out. I'm buying gold with it when this down cycle completes, but I'm worried about it being in an IRA.
kswatcher 3 years ago
You forget some key points. China has seen much worse, their population has the ability to care for themselves.
China has survived much worse, and with the money China would recieve from selling our bonds and saving from not buying them would carry over into the economy.
China is by far in a much better shape then the United States. Dont forget, China decides how much the US is worth to them we dont decide how much China is worth to us.
limitedplay 3 years ago
You have some good points. So the only possible bright side is that without China, perhaps we will start manufacturing again? - if we survive the collapse as a sovereign nation, that is. Should I be learning to speak Chinese?
kswatcher 3 years ago
I dont think China could care less. As far as manufacturing again, most of the outrage from the bailout is out of the thought that we will be unable to rebuild after this collapse.
I dont want to scare anybody but this is going to turn into civil war most likely. California may start it. We just pulled ourself out of the gutter by raising taxes and now they want to spend all this money on props in our election going HIGH TECH. When the country sees how much we need it may start a war.
limitedplay 3 years ago
kswatcher:
I also don't believe China is "starting to recover." Any "news" item from a Chinese government source is suspect. Yes they have capacity but it's literally shutting down. Pearl River Delta had closed over 15,000 factories by Oct 08. Japan's exports are down 46% Taiwan's exports fell 41% in January. You will never get a real number from China. Japanese and Taiwanese investment and management in factories in China is massive. I strongly doubt they are recovering.
jamesa66 3 years ago
China decoupling, I have been saying this for a while aswell. They don't need to send anything here anymore.
About silver, buy as much as you can if you can find it.
I am waiting for a slight pull back which seems to be happening and will pull the trigger on some decent sized orders.
Silver will be insanely priced in the future!
doobsta 3 years ago 2
Also it must be noted to steer clear of Monex, they have issues pertaining to the U.S. Government and are graded F by the BBB.
Good luck and happy hunting.
D4md0n3 3 years ago
Great video, Rothbard is quite underrated in mainstream economic circles. I recently ordered his magnum opus; Man, Economy, And State. A very voluminous work to be sure.
If you don't mind ordering online and you are looking for silver, Apmex has quite a bit in stock. Also compare prices with Tulving and Bullion direct. Tulving only deals with large orders of 500oz of Silver or more. All three are highly recommended however I can only personally vouch for Apmex.
D4md0n3 3 years ago
I second your opinion of APMEX. For bullion, they have an incoming batch of Silver Buffalo rounds much cheaper than the fancier Silver Eagles, Maples, Philharmonics, etc. Same weight and purity, but about 2.50 less per oz. You can even start an account (for free) on their website and order online without ever speaking on the phone, if you like. You can also set email market alerts for various PMs, and use that to zero in on a good spot price. =^[.]^=
Raycheetah 3 years ago
I saw the Opus. I am sticking with the "Great Depression" book. That is some book to read. I think it should come with a Master's Degree in Economics.
Peace.
Kittenkattan 3 years ago
i have been updated. thank you kind sir.
evcrawfish 3 years ago
No problem, My Brother.
Kittenkattan 3 years ago
what do you think the u.s. needs to do? china has a market because it's manufacturing simple stuff for the masses with cheap labor and polluting like crazy. the post industrial countries can't compete with that setup. the only thing i see is that we go back to a more basic society, get off the obsession with the global thing but then we will have no power and america seems to live for its power and fear the power of others. i fear american preemptive reaction to its loss of stature.
elephantinpajamas 3 years ago
elephantinpjs... kk has stated in the past he thinks the US's best chance would be to completely turtle in upon itself, drop from the international trade/intervention past and focus on our own abilities of production. I tend to agree with him (forgive me for answering for you, kk).
lightleague 3 years ago
light, I think if we lived on a different planet we could "turtle in". but there's a real, and yet, subtle battle for world dominance going on as i mentioned at the end of my comment. look at the world as geopolitics/economics and it looks a lot different than running a cottage industry. china seems to have outflanked us economically even though the outcome of U>S> policies was predictable. The US> somehow was lulled by China because of its lack of millitary aggression. Good move on Chinas part
elephantinpajamas 3 years ago
We are at the end of our empire. The only thing we can do is to start to produce our way out of the mess we got into. Unfortunately, we have no infrastructure and no one with experience to teach us how to make sneakers, t-shirts, etc. It will take 20 years, to get back to the point to which we were at in 1970. That is reality. It is going to be tough.
Kittenkattan 3 years ago
"Turtle in" I like that! No problem. I always appreciate your thoughts! It is also nice to see that someone is paying attention to what I have been saying. lol!
Peace.
John.
Kittenkattan 3 years ago
We need to return to our agrarian roots. China and Russia have historically chronic problems with food supply. When they are rolling in money, they will still need something to eat, and the US could still be the breadbasket of the world.
I figure one bushel of wheat for one barrel of oil, or its equivalent in gold or silver. =^[.]^=
Raycheetah 3 years ago
Ray, I will say "Amen,and Amen" to that statement.
Kittenkattan 3 years ago