At this point (Dec 2:nd 2008) the oil price is around 50 dollars a barrel, and I can guarantee that the price on oil will go down to 30-35 dollars very soon - and that is very, very bad. Because when that happens, we are shortly going into hyper inflation and a total meltdown in the economy. One of the signs you should look for, is when the DOW goes just below 5000, then the final collapse is imminent. But soon after that a new economic system will emerge, a system that is build on solid ground.
We should also note that his gold, silver, and oil predictions have not even been given the time frame he predicted. He said the dow would be around 8,000 in september, it would of been foolish to be upset with him in May when it was still at 13,000.
He said gold, oil, and silver would boom sometime after the crash of the stock market, it's still crashing.
So i don't see how he's wrong yet, he's always said that the commods were an end game play.
The first video was from March of 2008. He predicted that the Dow would fall to around the 8000 point marker by September. He also said the S&P would see the 800's. He said all of this 6 months before it happened and even went as far as saying what the value of the Dow would be. Thats proof that he knows what he is talking about IMO. Its not every day you hear someone call something that dead on.
The credit clog has been a blessing in disguise. It is preventing the Fed from inflating the economy. Sure the Fed can create all those dollars out of thin air but if cannot circulate into the economy, it's meaningless. Oil speculators depended on credit to bid up oil prices and that credit line has disappeared. Oil went down 60%. The market wants to deflate, it needs to. It is more powerful than government. It may resist the planned inflation by the Fed for a long time. I hope so.
144jr144 said "Your reference to something of "real value" is intersting because you point to gold, but then to food. Isn't it the food that has the direct functinal relevance to you?" Right on! No doubt about it! Gold, silver and other commodities are the most likely assurance of getting food in some very bad times. Gold and silver were never an investment in the sense of multiplying money. Just a hedge against disaster. My timing was way off but what the heck? Better early than late!
Looking at the last great depression, I have to pay attention to the fact that 75% of the folks were still working and being paid with dollars. They turned around and purchased what they needed with it and saved the rest. We did have many more small farms back then however, many of the people purchased their food with money. It will be the same this time with one great difference. Our money will consistently buy less food as time goes on. That's why gold, silver, booze etc is my bet!
Well it's mostly used for jewelry but it's also used in electronics and in computers. It's also used for fillings and even to treat cancer. The biggest reason it is so valuable is because it is scarce. It's used to make glass and it's used to plate things. Do a google search on the uses of gold. You'll probably be surprised.
Do a google search on the uses of any random metal like europium, hafnium or neodymium and you'll probably be surprised.
Picking any of the 92 first elements in the periodic table at random, it is likely to have more industrial utility than gold.
If industrial uses of gold determined its price, it wouldn't be worth a tenth of what it is worth now; its price comes from its use as an investment or form of money.
In 2004 and 2005, he focused his publications on the future of rising oil prices, also pinpointing the top of the stock prices of the US Housing Sector (which has since fallen nearly 70%). In 2006, he produced triple-digit gains gains by trading the waves of metals. In 2007, he re-emphasized his warnings about US Real Estate, reporting the 15% decline in Phoenix, AZ median list prices (which are down 37% as of 9/2008).
Throughout 2008, he issued warnings about the predictable consequences of the retiring of the first wave of the baby boom, including a final spike in prices of metals and oil, and the sequence of events that could follow that, including certain political "antics." So far during 2008, in line with his projections, oil has dropped nearly 50%, silver over 55%, and US stocks nearly 40%, while the US Dollar has reversed the prior trend and has risen nearly 20% in foreign exchange markets.*
When you guys talk about the dollar going up and down, aren't you describing it's relationship to other fiat currencies? I think that's accurate so, I think it makes perfect sense to own precious metals today as they have real value always. I think holding even today's common coins is better than federal reserve notes. My point of view is from the time when nobody will accept FRN's for food etc,etc.
We can measure the US dollar relative to other currencies, like with the US DOllar index of forex rates, or i nrelation to a basket of commodities, like the CRB index, or in relation to the price of gasoline or real estaet or stocks. ."
Whenever I can get MORE of something with the same dollar- like when a store says "everything is 50% off," then, functionally, the dollar in my pocket has "gone up" in value relative to those things "on sale." Or, those things on sale have gone dfown in value- but that is actually the same thing. When gold fell 80% from 1980-2000 in US Dollar after adjusting for inflation, that was not nearly as far as silver sell. So, all prices are ratios or exchange rates.
Relative to silver, gold was a great buy in 1980, but... relative to the US Dollar, it was one of the wirst buys available, except compared to silver....
People do now accept FRNs for food. Your reference to something of "real value" is intersting because you point to gold, but then to food. Isn't it the food that has the direct functinal relevance to you?
That way, you can your choice of food or FRNs or gold because what you have is what EVERYONE will want. There will be no issue of who will accept "this for that."
by the way, this reply listed as "naturalhrsgrl" is again 144jr144, so if you have a comment for me, reply to one of the comments listed as "by 144jr144" or else my girlfriend will get it, and she might ignore it.
I just googled inflationary depression and here's what they say about inflation vs deflation: "Inflation, while bad, is not as bad as deflation. Deflation would be a disaster in two easy steps. With inflation, there are about 10 steps, but each road leads to the same destination; insolvency." "The Fed's course on the surface seems to be irresponsible, but it really is the only real choice that the Fed has to forestall a major economic downturn in the US that would leave millions jobless.."
About one thing we may be sure. The U.S. deficit and national debt are going to soar. The credit rating of the United States, as this nation of non-savers has to borrow abroad to save its banks, and their banks, is going to fall. We are going to be a poorer nation and people.
nothing has changed yet the dollar has imporved it's position against the euro..
Silver/Gold/Oil are way down..
demand for oil has dropped...
I believe that all this "good" is happening because of the upcoming elections.. the economy is being proped up. held in place to make us think all is well...
when we all know it isn't..
if you can find silver/gold buy it.. it's at a great price right now
LAWL. Still don't realize who you're addressing do you? The guy who have been explaining and educating others on "An Inquiry into the Causes and Nature of the Wealth of Nations" ( I * am * assuming you've read this ). I'm the guy who has been educating others as to the "rest of the story" and have built my reputation as to that. And UNLIKE Carmer and Kudlow - I am audited by third parties.
You mean the guy whose trades are audited by third parties? You're not addressing a Cramer. You're addressing the real thing. I'm the guy who has bought and held during this recession and bear market (which I called months ago) - and been net profitable by 20% on his money? You mean those trades?
Before you reply? You may wish to understand who you are addressing.
I have a sneaking suspicion that comments will be deleted. But I highly doubt that I will be requesting you to delete mine.
Dude, even my basic stock portfolio is up 33% which I showed on my last vid. My options portfolio was up 1,400% for 2007 from not only calling this down turn, but trading the hell out of it by loading up on mortgage puts back in June of 2007. Rode CFC all the way down from 38 bucks.
Dude, don't make the same mistake that Schiff and others have. Trust me. I've been doing this for 12 years. DO NOT fall in love with a bias, or a position.
I won't speak to my actual trading results - unless 3rd party actually audits my accounts. I know they are 1800%. That account just started being audited. But without third party audit? It's all just a guy on the internet claiming something. It has to be audited in a business where people like Cramer exist.
If I came out hard, I'm sorry, I just get annoyed by all the little prophets running around who are right several times a year and wrong the rest of the year. I'm not referring to you as one of them, I don't know you.
Now that I can understand. Because I have the same frustration of people who come out and say silly things like: "Today WILL be a down day", or "I predict that GM will turn out to X"
But I also carry that to my economic prognosis of the real problems that do exit. I don't try to assume the downfall or economic turnout of a situation.
It's election year..that's why the government is lying to us...i agree those economic data are being manipulated, the bear sterns, freddie and fanie mae's bailout is needed to avoid the market crash..but this is a band aid solution so wait after the election.
Have enjoyed all your videos. Done your homework, I see. Tis a bit rattling knowing in advance.
So many I've talked to just don't see it, don't feel it... think that scares me more than anything. Chaos is good for change but in abundance wrecks havoc. Thanks for supplying what you know.
Thanks, oh well. Fortunate to have some handed down silver coins. Have already had my land line and internet off to afford rising costs. Aldi's stores have great food prices.
They will fool the positive thinkers for one more bout of sl ups before things hit the fan. Some of those stim checks still coming, false reads, to make it to election time, along with effects of other you mention. Again, thanks for sharing!
You know what, when I was in high school freshman year I heard my social studies teacher say oil was a non-renewable resource. Guess what I said? "How can a resource be non-renewable, if you can't make more it's not a resource." His reply was "yes it is shut up".
You can see how this society is pathetically weak in its thinking. He couldn't understand resources by their nature can be renewed, if they aren't then they'll eventually run out and cause exactly this sort of circumstance.
Hey Vision, nice video man. I was wondering if you thought a deflationary depression would be more likely. To me it makes more sense since all of this credit is going to dry up along with the credit crunch. Also the possibility of a margin call in the massive derivatives market seems possible. Let me know what you think. I understand that the dollar itself may just completely collapse but that seems to be the main variable in my mind.
The money isn't backed by gold, like the last depression. Plus China and India are going to continue buying up resources that the American way of life depends on. It will definitely be inflation. Thx for the comments.
I feel as if you are not accounting for the fact that most countries have large reserves of US Dollars as well as T Bills. Also plenty of countries hold a lot of U.S. debt. Do you think this will counteract the fall of the dollar and inflation?
It only adds to the inflation, soon nations around the world will be flooding the U.S. with dollars. Foreigners will buy U.S. assets in order to get rid of their funny money. Remember, we are exporting inflation to the world. The credit expansion is over, the U.S. economy is going into a deep depression regardless of the dollar. But as the world reserve currency, the dollar will become very weak as it represents the U.S. economy. This will cause a dollar crisis.
just found you--i will watch all of the videos--the government can't acknowledge the rise in inflation because of soc sec---they are giving us 2.3% increase--they can't afford a 10% raise--I am shorting our HOUSE--they will give me $120,000 of WEAK dollars that I can carry into the depression---and I will owe them approx. $30,000---The reason is that the most that I will owe them at the completion of the loan IS THE CURRENT MARKET VALUE OF THE HOUSE (AT THE BOTTOM OF THE DEPRESSION) CHECK IT OUT
How do you see this ending? Are we headed toward a NWO with them boiling the frog with NAFTA then a Northern Alliances and then some sort of hemispherical political alliance? As with any mad genius there is a plot to take over the world do you see any truth to the concentration camps on North American soil run by FEMA? Drudge has an article today people are giving less due to disaster fatigue. We are heading into hurricane season 70769 is ripe.
Man, you got a lot of balls to put your face in a video and speak publicly against the powers that be... all for the benefit of a some 4,000 people (viewers so far). I'd love to speak with you about investments some time.
I do know, I made a 1,400% return on buying puts on all the banks back in March 2007. I'm not shorting now, since it's not worth the risk. Yes, the markets going down, but the dollar will collapse with it. So, I'm not interested in making profits in dollars.
Get rid of fractional reserve lending? Allow competing currencies.... now that is progress. If oil exports decline over the next 24 months how long do you think it will take for Texas to succeed from the Union?
Texas is the only state with their own electrical grid, Texas has Oil! Put a liberal in office Texas might stir the pot. Texas's constitution articulates a RIGHT to succeed, as does the constitution! Texas was an independent country prior to joining the union! A foolish dream, maybe, to have a neighbor participating in the decisions of their governmint--not pulling a lever every four years--but making decisions................... probably just a dream...
Out of the top 5 that moved the S&P today, 4 are doomed. This is a great example for those of you who are still living in the wonderful land of Kudlow & company/Cramerica. This entire market is built on the dependency of an ignorant public.
Well, here we go again, the DOW is being manipulated once again back over the 13,000 level to dump more of the crap the Dow market makers were forced to pick up in the last decline. Not only do they not want to take that junk down with them, they want to be a short as possible, when you see high volume in key Dow stocks with no advancement in price, you can know the top has been reached. The Dow market makers obviously need to pump and dump a little more. No inflation... yea right!!!
The market has always been and forever will be manipulated--that is the rules of the game. TPTB coupled with SWF ride the market up then cover their calls let it sink and buy back in again. Always has been always will be. We are left with crumbs. Most are left with loses in real terms.
Awesome question. What you have is dollar being debased, coupled with asset deflation, and cost push PRICE increases is food and energy--a stealth tax. The dollar is falling because the government has unfunded liabilities moving forward, and because the dollar is based on the gold standard 'black gold' oil. Peak EXPORTS of oil looks real between 2008 and 2012: people are losing confidence in the dollar for the above reasons. De-basing a currency is not 'inflation', if you are an Austrian.
I still can't wrap my mind around inflation, here, TODAY, assets are declining, wages stagnant, unemployment growing. It seems to me inflation is behind us, deflation is today, with hyper inflation POSSIBLE tomorrow(s). Are TPTB strong enough to pull the rug out of the energy/food sector one last time, during elections, before peak oil exports 2008-2012? McCain presidency? The more i think i know the more i know I don't know much!
So you are an Austrian! M1--shows FED policy----important for that reason alone----is flat M3 is up. Factor in de-leveraging (markets) and credit contraction and you have your answer. Money equals cash plus credit, CREDIT DESTRUCTION AND DE-LEVERAGING (sometimes 30 to 1 )outpace m3 growth. Unemployment rising, wages stagnant, people can't finance a stick of gum. Coupled with asset prices falling: cars, homes ect. Energy, food prices rising. Pay more for oil (stealth tax)cut back elswhere.
No kidding. Every day the news is bad bad BAD and every day the market just keeps going up. It's like the laws of the physics have failed. It's surreal. It's delusional. I really don't know what to call it.
6 Aircraft Carriers deploying to the middle east within a month. They are saying for an American air strike or an Israeli air strike on Iran's "nuclear" facilities.
"Iranian President Mahmud Ahmadinejad said Sunday that Iran never wanted to use oil as a weapon, but if the U.S. attacked the country it would ""know how to react."" I dont get it, we dont import oil from Iran.
supracoop- We don't import oil from Iran, but the rest of the world does, including China. A major oil disruption in the global markets would cause oil to soar. IMO, 300 would be the bottom if we attacked Iran. Thx for the comments.
You know I was reading about the Myanmar crisis and how we are so quick to help them, now China which would probably refuse our help and it will be interesting to see what countries if any come to our aid when our economy collapses. People will be out of food and medicine and supplies... I honestly hope they are willing to help us like we are always the first ones to help everyone else. But I wouldnt bet on it.
Finanical planners touting the stock market have a MAJOR lack of understanding. The Dow has gained 1% since 2000. The dollar has lost 1/3rd of it's value since 2000. It doesn't take a PHD to figure out that this whole American economy is the joke of the world. Screw dollar cost averaging when your dollars are becoming worthless. I would rather hold my wealth in real things.
Dollar can't rise if interest rates go up OpenMind00. If rates go up, it would be like putting a gun to the credit american economy and pulling the trigger at point blank range. The dollar reflects the economy, high rates=bad economy=weak dollar=strong gold. Thats why vision keeps saying were at the point of no return. The fuse has been lit, either way the dollar is screwed. The fake bubble economy is OVER.
Your argument is valid---IMO likely--here is a different take. The US continues to go down and eventually it drags down the rest of the world. In the race to the bottom the US touches bottom first and money starts flowing back into US Assets because the rest of the world is in trouble too. This puts a floor under the dollar and allows interest rates to stay at 1 to 2% for an extended period of time. In other words, no decoupleling Possible?
Doesn't' the rest of the world have a lot less to fall. If you're in 12th grade and are sent back to 2nd grade, you have a lot to learn. As opposed to the rest of the world, which is in 7th grade going back to 6th grade. Americans have forgotten how to do anything, cook from scratch, gardens, raise live stock and hold jobs that produce. The rest of the world is self sufficient and they already have the infrastructure to produce, in fact they are producing.
I agree. I see the US going back to sixth grade--not 2nd. I have studied a lot of foreign market and i don't see any of them doing so well. Europe has massive problems not replacing their population. China 4 billion living on $1 a day India: no infrastructure, vastly corrupt. Russia running out of oil? I like brazil though. I see cracks coming to light world wide. I am not sold on the $ below 50 on the index but i do see the middle class here getting hammered. Oil exports peaking 08-2012?
I think at first they will go down along with the economy. But then in dollar terms they will go to the moon. Gold 15,000 and silver 1,000. According to Peter Schiff the dollar is destined to go far below 40 on the index if rates go up. If they stay down, it will be un calculable, since it will become worthless.
Long bond showed a crack today. I see opportunity in shorting the long bond, Not ready to short it yet, but paying close attention. Timing is everything if you are willing to speculate rather than invest in the markets/casinos. Market direction is still down as it has been last weeks despite its rise from DJIA 12,000 to 13,0000. Key: if you trade technicals is S&P 1404. Yesterdays resistance COULD turn into tomorrows support. Hasn't happened heretofore.
May 13 (Bloomberg) -- The benchmark interest rate for $62 trillion of credit derivatives and mortgages for 6 million U.S. homeowners is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs.
The Libor numbers that banks reported to the BBA were a lie,'' said Tim Bond, head of global asset allocation at Barclays Capital in London. ``They had been all along. The BBA has been trying to investigate them .....
Treasury Department reports, "biggest government ever." Sad, Republicans are the party of big government. I hope McCain loses by a land slide, so we can have a knew conservative revolution.
Bobs Mccain is going to get slaughtered like a lamb. This guy called "Maverick" Murray is running for NJ senate. He's another Ron Paul. Peter Schiff and Ron Paul are backing him. The repoobs will figure out their days of retardedness are over soon. We're at the end of republican control over anything. There will be a big change in Repub politics within 5 years.
LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
bob, guess who had lunch with bernanke, before the Morgan/stearns bail out.
They had mccain on the phone.
May 12 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke lunched on March 11 with a Who's Who of Wall Street leaders, including JPMorgan Chase & Co.'s Jamie Dimon, three days before the central bank rescued Bear Stearns Cos. from bankruptcy.
TGS,thats a really good one.. who said Italians had the biggest Mafia lords? US is a melting pot for the Mafia all over the world, Congress, Fed and wallsteet welcome them with open arms...including the Laden family.
My wife and I have been watching the local builder bill boards on our local freeway. This morning for the first time since 2002, we saw one that is advertising homes for 100,000. These homes peaked at 350,000 and have fallen to 100,000 and still won't sell. People just don't understand, it's the loans, they are never going back to zero down no doc. Americans have a negative savings rate, and you have to have a down payment to buy a house, do the math. :)
I am in California and I can verify that statement about lost jobs. Things slowed down for me a bit and now I trying to get caught up on the bills now.
thx for the comments. Hopefl1, I hope people who have limited space are watching your videos. All Americans need to join the world and grow some food. Even if it's a small amount, we should all have a vegetable garden. thx again
California is ground ZERO for the collapse. Construction and retail, both dependant on constant credit expansion by consumers. California will feel it the worst, a lot of civil unrest to happen in California with high poorer minority populations.
CNN Money article, also on yahoo. "Hurt said farm supply could start catching up to demand by 2010, helping to push down milk, bread, cereal and other grocery prices. "But higher prices aren't here to stay, Hurt said."
And to think we were all concerned and preparing for nothing. I'm relieved. haha, mainstream media is such a joke!
Farm prices catch up LOL. My aunt and uncle nubbie are declaring bankruptcy. They quit milking years ago because it was unprofitable. They finally quit raising chickens this year because it was unprofitable. My other uncle quit gathering eggs and sold it. The people that run the houses now live in a trailer house. Inflation has been hidden by screwing businesses. It's going to start catching up.
It amazes me that just the tech sector can keep the dow afloat through times where nearly every other sector is doing poorly...Something dramatic is going to happen...
This site says it all,and you now know why Jim Rogers moved out. Any body who does not want to have their kids end up in a trailer park made by the Chinese should consider better elementary education than that provided by American public schools.
Well, it's that time of the week. Oil hit a new high today, the media should start talking about the Oil Crash of May 2008. :) The Euro was up today, yet all the stories were about dollar strength. Lol
If Ron Paul drops out, Bob Barr is running in the general election. He's a former Republican congressman, who supports the constitution like Ron Paul. Anything's better than McBoma
Chuck Baldwin would be a better choice imo. The constitution party laughed mr. barr out of their convention. He's almost running on a bush 3rd term presidency.
...under the radar, the forces of Rep. Ron Paul have been organizing across the country to stage an embarrassing public revolt against Sen. John McCain when Republicans gather for their national convention in St. Paul....
Wow, proof that they just don't care about the truth. CNBC power lunch just stated the the dollar is up against the Euro today. WRONG, it's down against the Euro. Someone needs to update the prompters their brains feed off of.
Interesting that Oil is at 126, and the Euro is up against the dollar while the headlines are all reporting a strong dollar. They just don't get, they never will. Maybe later this year when civil unrest breaks out they will finanlly get it.
Things are heating up: Six US companies of substance have defaulted on bonds recently, against 17 for the whole of last year: Linens 'n Things, Kimball Hill, Home Interior, French Lick Resorts, Recycled Paper Greetings, and Tropicana Entertainment.
I'm living in Poland and despite increasing pursuing power of Złoty (55% increase to dollar) food also here going up so this is global problem. True comment about your goverment and policy. I suppose they going to decrease dollar on purpose in order to pay huge debt with cheap dollars but ordinary people will be suffer a lot. They will pay for huge debt. Nobody care about ordinary people only few are matters.
bdc I have said that i believe a couple of hundred elites in Washington shouldn't be running the country for 300 million people. How can Clinton who has over 100 million and not even one of the top 10 richest senators feel my pain? So following that logic i am not a fan of the architecture i think we should be de-centralized--more in line with the anti federalists of the time. Patrick Henry, Thomas Pain, George Mason--John Locke I am against tax w/out representation
bdc, look at any etf for financials since January 15th. Right after i posted financial shot up over 10%. Financials are up from there today. Besides, there have been 3 runs up since then. So if you played the bounces you would have done well. So, at best you are being disingenuous at worst you missed it.
tgslll Ok bear stearns went under. Citi is going under. Aig has been hit hard even with their phony numbers. Financials is going to be the first thing to go down. If by run ups you mean market manipulation and short covering. If you look at any chart we are still in a bear market. Soon we are going to be testing new lows again. Since you are bullish on the economy why are you here and on MOT. Everyone that watches these videos is expecting a huge sell off. Don't call me disingenuous either.
Patrick Henry? The same guy who signed the constitution? You're a mccain lover amongst Ron Paulers. You're a bull among bears. This is why no one agrees with you. If anyone takes your advice they will be broke in a year.
bdc the whole way up to 13k, i was telling people market direction was still down we have not done any technical damage we have not reversed up. So how am i bullish? True when people where calling for a crash at 12, 000 i called a bounce to 12,800 well i was right but that doesn't make me bullish.
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We all worry about you VisionVictory.....
Honestly, you will be one of the first that gets rounded up and thrown into the FEMA camps.....
You, Alex Jones ( and Man Of Truth)....
We believe what you are doing is wonderful, but you are asking for them to take you in the night!
We worry that just because we watch you, we will have our doors bashed down in the middle of the night, and be shoved into a camp........
For Gods sake we all need to be careful!
DeathOfTheDollar2010 2 years ago
Comment removed
mexxxking 2 years ago
You're good. Real good.
Ne0mega 2 years ago
One can say a lot when an economy is based off of .fear
AndyKirbyRevisited 2 years ago
Yay economic recovery in 2120!
intricatic 2 years ago 2
I'm not kidding, grow your own food, as much as possbble.
Study how to get electrity from the Sun's Heat and light, get energy from vertical wind turbines.
Build greenhouses to grow as many vegetables and fruit trees as needed.
joelito101 2 years ago
I'm not kidding either, don't.
Division of labour is what drives the productivity of the economy.
Wind and solar energy are useless paleotechnologies that need to be backed in full by natural gas.
soylentgreenb 2 years ago
food prices had increased by more than 20% in the US in may 2008 ?
gunthaarz 2 years ago 2
It's funny how they always tell us that recovery is around the corner and no matter how often they are wrong, people still eat it up.
poweroftheglory 2 years ago 5
At this point (Dec 2:nd 2008) the oil price is around 50 dollars a barrel, and I can guarantee that the price on oil will go down to 30-35 dollars very soon - and that is very, very bad. Because when that happens, we are shortly going into hyper inflation and a total meltdown in the economy. One of the signs you should look for, is when the DOW goes just below 5000, then the final collapse is imminent. But soon after that a new economic system will emerge, a system that is build on solid ground.
robert4you 3 years ago
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We should also note that his gold, silver, and oil predictions have not even been given the time frame he predicted. He said the dow would be around 8,000 in september, it would of been foolish to be upset with him in May when it was still at 13,000.
He said gold, oil, and silver would boom sometime after the crash of the stock market, it's still crashing.
So i don't see how he's wrong yet, he's always said that the commods were an end game play.
BobBrinkerisanIdiot 3 years ago
interesting...
but the price of gas has gone down quite a bit...
what do u say about this ?
twinhead1 3 years ago
The first video was from March of 2008. He predicted that the Dow would fall to around the 8000 point marker by September. He also said the S&P would see the 800's. He said all of this 6 months before it happened and even went as far as saying what the value of the Dow would be. Thats proof that he knows what he is talking about IMO. Its not every day you hear someone call something that dead on.
BobBrinkerisanIdiot 3 years ago
The price of gas will go down because of the elections. TPTB want the sheeple to be happy and go vote for the next butthole to get them into slavery.
Debt remains the same, job loss is still growing, and people still use their credit cards to suplement income.
ellibrepensador 3 years ago
The credit clog has been a blessing in disguise. It is preventing the Fed from inflating the economy. Sure the Fed can create all those dollars out of thin air but if cannot circulate into the economy, it's meaningless. Oil speculators depended on credit to bid up oil prices and that credit line has disappeared. Oil went down 60%. The market wants to deflate, it needs to. It is more powerful than government. It may resist the planned inflation by the Fed for a long time. I hope so.
nowayjose470 3 years ago
lol im x
BurnAtlantaDown 3 years ago
*In early 2003, J.R. Hunn began publishing warnings about an emerging global credit crisis and an eventual sharp decline in US Real Estate. ...
144jr144 3 years ago
144jr144 said "Your reference to something of "real value" is intersting because you point to gold, but then to food. Isn't it the food that has the direct functinal relevance to you?" Right on! No doubt about it! Gold, silver and other commodities are the most likely assurance of getting food in some very bad times. Gold and silver were never an investment in the sense of multiplying money. Just a hedge against disaster. My timing was way off but what the heck? Better early than late!
Joeys48 3 years ago
thx for the comments
visionvictory 3 years ago
Gold and other metals are not gonna be worth much in a major depression. Only things of "real" value, such as food, fuel and tools will be valuable.
Who would want gold when they are hungry.
No, offense intended :)
daanimalboy 2 years ago
Looking at the last great depression, I have to pay attention to the fact that 75% of the folks were still working and being paid with dollars. They turned around and purchased what they needed with it and saved the rest. We did have many more small farms back then however, many of the people purchased their food with money. It will be the same this time with one great difference. Our money will consistently buy less food as time goes on. That's why gold, silver, booze etc is my bet!
Joeys48 2 years ago
daanimalboy: Those who HAVE food won't be hungry and they will want the gold you have.
MrsSarb 2 years ago
But whats so valuable about gold? What purpose or function does it reallyhave? is it really of any use?
daanimalboy 2 years ago
Well it's mostly used for jewelry but it's also used in electronics and in computers. It's also used for fillings and even to treat cancer. The biggest reason it is so valuable is because it is scarce. It's used to make glass and it's used to plate things. Do a google search on the uses of gold. You'll probably be surprised.
MrsSarb 2 years ago
Do a google search on the uses of any random metal like europium, hafnium or neodymium and you'll probably be surprised.
Picking any of the 92 first elements in the periodic table at random, it is likely to have more industrial utility than gold.
If industrial uses of gold determined its price, it wouldn't be worth a tenth of what it is worth now; its price comes from its use as an investment or form of money.
soylentgreenb 2 years ago
"But whats so valuable about gold?"
The gold-bug argument is that it is valuable because central banks cannot create it unless they want to work part-time in the gold mines.
soylentgreenb 2 years ago
In 2004 and 2005, he focused his publications on the future of rising oil prices, also pinpointing the top of the stock prices of the US Housing Sector (which has since fallen nearly 70%). In 2006, he produced triple-digit gains gains by trading the waves of metals. In 2007, he re-emphasized his warnings about US Real Estate, reporting the 15% decline in Phoenix, AZ median list prices (which are down 37% as of 9/2008).
144jr144 3 years ago
144jr144 said "Why then gather gold? Grow and raise food!" I think your assuming that I have space for growing food. My house sits
on 1/3 acre in a city and the house takes up most of it. I do have dry goods and other things needed.. None of what I'm doing has
any negative consequences in the event that nothing happens however, for those that do not prepare, the outcome has some serious consequences.
Joeys48 3 years ago
Throughout 2008, he issued warnings about the predictable consequences of the retiring of the first wave of the baby boom, including a final spike in prices of metals and oil, and the sequence of events that could follow that, including certain political "antics." So far during 2008, in line with his projections, oil has dropped nearly 50%, silver over 55%, and US stocks nearly 40%, while the US Dollar has reversed the prior trend and has risen nearly 20% in foreign exchange markets.*
144jr144 3 years ago
144jr144 said "Relative to silver, gold was a great buy in 1980, but... relative to the US Dollar, it was one of the wirst buys available"
I don't know about all that but I'm really pleased that I bought and held my gold & silver purchased @ the end of the 80's
The reason I have metals is just to feed my family in the event that our economy dies so, regardless of what anyone says about it, I
will be able to buy food, stay in my heated house. These conservative moves are looking good to me!
Joeys48 3 years ago
You were wrong about the dollar, though correct about certain things. You wrote:
visionvictory (1 month ago)
"whats really funny, is that eveythings but the dollar is going down. Now you know there is something really off when that happens."
Off the prior trend, yes, but off of my forecast, no.
144jr144 3 years ago
When you guys talk about the dollar going up and down, aren't you describing it's relationship to other fiat currencies? I think that's accurate so, I think it makes perfect sense to own precious metals today as they have real value always. I think holding even today's common coins is better than federal reserve notes. My point of view is from the time when nobody will accept FRN's for food etc,etc.
Joeys48 3 years ago
We can measure the US dollar relative to other currencies, like with the US DOllar index of forex rates, or i nrelation to a basket of commodities, like the CRB index, or in relation to the price of gasoline or real estaet or stocks. ."
naturalhrsgrl 3 years ago
Whenever I can get MORE of something with the same dollar- like when a store says "everything is 50% off," then, functionally, the dollar in my pocket has "gone up" in value relative to those things "on sale." Or, those things on sale have gone dfown in value- but that is actually the same thing. When gold fell 80% from 1980-2000 in US Dollar after adjusting for inflation, that was not nearly as far as silver sell. So, all prices are ratios or exchange rates.
naturalhrsgrl 3 years ago
Relative to silver, gold was a great buy in 1980, but... relative to the US Dollar, it was one of the wirst buys available, except compared to silver....
People do now accept FRNs for food. Your reference to something of "real value" is intersting because you point to gold, but then to food. Isn't it the food that has the direct functinal relevance to you?
naturalhrsgrl 3 years ago
Why then gather gold? Grow and raise food!
That way, you can your choice of food or FRNs or gold because what you have is what EVERYONE will want. There will be no issue of who will accept "this for that."
by the way, this reply listed as "naturalhrsgrl" is again 144jr144, so if you have a comment for me, reply to one of the comments listed as "by 144jr144" or else my girlfriend will get it, and she might ignore it.
naturalhrsgrl 3 years ago
I just googled inflationary depression and here's what they say about inflation vs deflation: "Inflation, while bad, is not as bad as deflation. Deflation would be a disaster in two easy steps. With inflation, there are about 10 steps, but each road leads to the same destination; insolvency." "The Fed's course on the surface seems to be irresponsible, but it really is the only real choice that the Fed has to forestall a major economic downturn in the US that would leave millions jobless.."
doclsdc 3 years ago
visionvictory for president!
passthemustard 3 years ago
you should film your videos with a better background. that would be nice:)
fellowrobots 3 years ago
neat:)
fellowrobots 3 years ago
This guy is a profit. lol
atripa645 3 years ago
About one thing we may be sure. The U.S. deficit and national debt are going to soar. The credit rating of the United States, as this nation of non-savers has to borrow abroad to save its banks, and their banks, is going to fall. We are going to be a poorer nation and people.
onstageagain 3 years ago
2 years ago, the Citibank balance sheets, showed us how bad things were.
There was total silence. utter deadly silence.
No one breathed.
Today, when the Government is committing $5.5 Trillion to Fannie Mae, the taxpayers are expected to pay.
Have they raised your taxes?
So where is this money coming from?
This is TWICE the entire UK economy.
Even if they taxed 100% of your salary, they can't raise this money legitimately from taxpayers.
UKSecretCourts 3 years ago
well things seemed to have turn around.. why?
nothing has changed yet the dollar has imporved it's position against the euro..
Silver/Gold/Oil are way down..
demand for oil has dropped...
I believe that all this "good" is happening because of the upcoming elections.. the economy is being proped up. held in place to make us think all is well...
when we all know it isn't..
if you can find silver/gold buy it.. it's at a great price right now
cds10690 3 years ago
whats really funny, is that eveythings but the dollar is going down. Now you know there is something really off when that happens.
visionvictory 3 years ago
read or seen a comment that was about the us was forcing the asian region into buying are treasury at a loss of course
animaluc 3 years ago
recession + bad debt = great depression II
OrmondRender 3 years ago
The markets numbers are totally false. Totally the doing of big government, big banks and pure old GREED. Move over NWO
ssfriedchicken 3 years ago
"As weak as the dollar appears to be, it's very strong compared to what's to come."
Really? What now? The Dollar has literally erased ALL of the weakness of the last five months, and is continuing to strengthen day after day.
Everyone was warned that this comeback was on it's way.
"We were told that Oil would go down"
It has. Oil has gone down now $36. People are now talking about sub $100 oil. Gold has gone down $200 from the highs.
It's a recession. That's all. This is what a recession IS
AirelonTrading 3 years ago
You obviously don't pay attention to economics. The dollar has strong rallies every other month, and then it resumes its downward decline.
We were told oil would drop ever since it hit 75, now it finally goes down, and these guys are profits.
Enjoy this week; I think you will be asking me to delete your comments.
I dont' know when the correction will be over, but there is about a 75% chance commods bounce back this week.
visionvictory 3 years ago
It's pretty humorous, that * I * of all people ? Am accused of not paying attention to economics. You do realize who you are addressing don't you?
AirelonTrading 3 years ago
Looking at a chart is a lot different from understanding macro-economics. Look at Cramer and kudlow, they have been losing people money for years.
visionvictory 3 years ago
LAWL. Still don't realize who you're addressing do you? The guy who have been explaining and educating others on "An Inquiry into the Causes and Nature of the Wealth of Nations" ( I * am * assuming you've read this ). I'm the guy who has been educating others as to the "rest of the story" and have built my reputation as to that. And UNLIKE Carmer and Kudlow - I am audited by third parties.
AirelonTrading 3 years ago
The Dollar worth 1 penny from where it was 100 years ago. Enjoy your dollar trade and the short term hysterical news.
visionvictory 3 years ago
You mean the guy whose trades are audited by third parties? You're not addressing a Cramer. You're addressing the real thing. I'm the guy who has bought and held during this recession and bear market (which I called months ago) - and been net profitable by 20% on his money? You mean those trades?
Before you reply? You may wish to understand who you are addressing.
I have a sneaking suspicion that comments will be deleted. But I highly doubt that I will be requesting you to delete mine.
AirelonTrading 3 years ago
Dude, even my basic stock portfolio is up 33% which I showed on my last vid. My options portfolio was up 1,400% for 2007 from not only calling this down turn, but trading the hell out of it by loading up on mortgage puts back in June of 2007. Rode CFC all the way down from 38 bucks.
visionvictory 3 years ago
Dude, don't make the same mistake that Schiff and others have. Trust me. I've been doing this for 12 years. DO NOT fall in love with a bias, or a position.
I won't speak to my actual trading results - unless 3rd party actually audits my accounts. I know they are 1800%. That account just started being audited. But without third party audit? It's all just a guy on the internet claiming something. It has to be audited in a business where people like Cramer exist.
AirelonTrading 3 years ago
Rather, I assume, as with most people that find out I was right? My comments end up 'disappearing' when it does not agree with their world view.
AirelonTrading 3 years ago
This isn't like your blog, I don't delete any comments.
visionvictory 3 years ago
Which comment have I deleted on my blog?
Because you just accused? Without data.
See - that's what I don't do. Assume.
AirelonTrading 3 years ago
ROFL- my reply is to your assumption that I delete comments i disagree with. LOL
Most people who make comments like that are insecure about their own deletion of comments. I don't know who you "think you are", but get over it.
Good luck with your trades and your blog. I'm we got on the wrong foot.
visionvictory 3 years ago
If I came out hard, I'm sorry, I just get annoyed by all the little prophets running around who are right several times a year and wrong the rest of the year. I'm not referring to you as one of them, I don't know you.
visionvictory 3 years ago
Now that I can understand. Because I have the same frustration of people who come out and say silly things like: "Today WILL be a down day", or "I predict that GM will turn out to X"
But I also carry that to my economic prognosis of the real problems that do exit. I don't try to assume the downfall or economic turnout of a situation.
AirelonTrading 3 years ago
If I was with you in person, I'd shake your hand. I don't like getting personal with people.
thx for your comments
visionvictory 3 years ago
Same here mate.
AirelonTrading 3 years ago
It's election year..that's why the government is lying to us...i agree those economic data are being manipulated, the bear sterns, freddie and fanie mae's bailout is needed to avoid the market crash..but this is a band aid solution so wait after the election.
geosarmien 3 years ago
Shit, we need you on Wall Street instead of those fucks they have on MSNBC, telling us lies.
kunsura 3 years ago
Make sure if you buy gold, buy old coins that are twice the face value, or buy jewelry. Otherwise they may be confiscated to pay the Chinese debt.
JimLundberg 3 years ago
give me a fucking break.
machardo 3 years ago
package size is down, while the price stays the same. That's inflation!
OmarThePug 3 years ago
Have enjoyed all your videos. Done your homework, I see. Tis a bit rattling knowing in advance.
So many I've talked to just don't see it, don't feel it... think that scares me more than anything. Chaos is good for change but in abundance wrecks havoc. Thanks for supplying what you know.
Best wishes. Oh... and are you married?
KMSbear 3 years ago
Thanks for the comments KMSbear. Yes I'm happily married with 3 dogs and 2 chickens :)
visionvictory 3 years ago
Ah schucks! :) A 16 mo boy, 2 dogs and 2 cats here.
Btw, do you know what a $1 silver cert (paper) is worth? Forgot to check the year, and the cond is not perfect.
Is it even honored anymore? Thanks, and warm wishes to you and family.
KMSbear 3 years ago
I think there worth about 20 bucks, they are collector item only now. :(
visionvictory 3 years ago
Thanks, oh well. Fortunate to have some handed down silver coins. Have already had my land line and internet off to afford rising costs. Aldi's stores have great food prices.
They will fool the positive thinkers for one more bout of sl ups before things hit the fan. Some of those stim checks still coming, false reads, to make it to election time, along with effects of other you mention. Again, thanks for sharing!
KMSbear 3 years ago
How many times worse will a nuclear strike by terrorists in the 2009-2010 timeframe execerbate the coming depression?
huskie767 3 years ago
Huskie767- I guess it would be like a doctor performing brain surgery with chain saw.
visionvictory 3 years ago
You know what, when I was in high school freshman year I heard my social studies teacher say oil was a non-renewable resource. Guess what I said? "How can a resource be non-renewable, if you can't make more it's not a resource." His reply was "yes it is shut up".
You can see how this society is pathetically weak in its thinking. He couldn't understand resources by their nature can be renewed, if they aren't then they'll eventually run out and cause exactly this sort of circumstance.
sderenzi 3 years ago
sberenzi-thx for the comment
visionvictory 3 years ago
I think that is why oil is running out. It is non-renewable. You can't take used oil and recycle it into new oil. Have I misunderstood?
dfjpr6 3 years ago
Hey Vision, nice video man. I was wondering if you thought a deflationary depression would be more likely. To me it makes more sense since all of this credit is going to dry up along with the credit crunch. Also the possibility of a margin call in the massive derivatives market seems possible. Let me know what you think. I understand that the dollar itself may just completely collapse but that seems to be the main variable in my mind.
Ouirallwun 3 years ago
The money isn't backed by gold, like the last depression. Plus China and India are going to continue buying up resources that the American way of life depends on. It will definitely be inflation. Thx for the comments.
visionvictory 3 years ago
I feel as if you are not accounting for the fact that most countries have large reserves of US Dollars as well as T Bills. Also plenty of countries hold a lot of U.S. debt. Do you think this will counteract the fall of the dollar and inflation?
Ouirallwun 3 years ago
It only adds to the inflation, soon nations around the world will be flooding the U.S. with dollars. Foreigners will buy U.S. assets in order to get rid of their funny money. Remember, we are exporting inflation to the world. The credit expansion is over, the U.S. economy is going into a deep depression regardless of the dollar. But as the world reserve currency, the dollar will become very weak as it represents the U.S. economy. This will cause a dollar crisis.
visionvictory 3 years ago
Where are your Ron Paul sign????
madcatzy 3 years ago
just found you--i will watch all of the videos--the government can't acknowledge the rise in inflation because of soc sec---they are giving us 2.3% increase--they can't afford a 10% raise--I am shorting our HOUSE--they will give me $120,000 of WEAK dollars that I can carry into the depression---and I will owe them approx. $30,000---The reason is that the most that I will owe them at the completion of the loan IS THE CURRENT MARKET VALUE OF THE HOUSE (AT THE BOTTOM OF THE DEPRESSION) CHECK IT OUT
alfhildeik 3 years ago
How do you see this ending? Are we headed toward a NWO with them boiling the frog with NAFTA then a Northern Alliances and then some sort of hemispherical political alliance? As with any mad genius there is a plot to take over the world do you see any truth to the concentration camps on North American soil run by FEMA? Drudge has an article today people are giving less due to disaster fatigue. We are heading into hurricane season 70769 is ripe.
cdltpx 3 years ago 2
Man, you got a lot of balls to put your face in a video and speak publicly against the powers that be... all for the benefit of a some 4,000 people (viewers so far). I'd love to speak with you about investments some time.
jayrp 3 years ago
Jayrp- My goal is to help and warn as many people as possible. For investments, check out, watch?v=8irdYEqPIaU
thx for the comments
visionvictory 3 years ago
you're basing your prediction on short term circumstantial emotions.
belovedmakesmusic 3 years ago
Wrong, i've been buying gold, silver, oil for years(2004). I'm looking at it from a Macro economics stand point, are you?
visionvictory 3 years ago
You know its possible to make money when the market declines.
belovedmakesmusic 3 years ago
I do know, I made a 1,400% return on buying puts on all the banks back in March 2007. I'm not shorting now, since it's not worth the risk. Yes, the markets going down, but the dollar will collapse with it. So, I'm not interested in making profits in dollars.
visionvictory 3 years ago
Get rid of fractional reserve lending? Allow competing currencies.... now that is progress. If oil exports decline over the next 24 months how long do you think it will take for Texas to succeed from the Union?
TGSIII 3 years ago
who knows, but Texas is the only one who has a real chance.
visionvictory 3 years ago
Texas is the only state with their own electrical grid, Texas has Oil! Put a liberal in office Texas might stir the pot. Texas's constitution articulates a RIGHT to succeed, as does the constitution! Texas was an independent country prior to joining the union! A foolish dream, maybe, to have a neighbor participating in the decisions of their governmint--not pulling a lever every four years--but making decisions................... probably just a dream...
TGSIII 3 years ago
Doesn't Texas sign a 99 year agreement with the U.S. every 99years? If so, when was the last agreement signed?
visionvictory 3 years ago
"This entire market is built on the dependency of an ignorant public."
Wow. Spot on! This goes to the heart of the problem.
TGSIII 3 years ago
A house made of straw.
Top Percentage Gainers for S&P 5/14/08
Freddie Mac 9.2%
Pulte Homes Inc 6.8%
Lennar Corp 6.4%
Novellus Systems Inc 6.4%
Federal National Mortgage 6.3%
Out of the top 5 that moved the S&P today, 4 are doomed. This is a great example for those of you who are still living in the wonderful land of Kudlow & company/Cramerica. This entire market is built on the dependency of an ignorant public.
visionvictory 3 years ago
Well, here we go again, the DOW is being manipulated once again back over the 13,000 level to dump more of the crap the Dow market makers were forced to pick up in the last decline. Not only do they not want to take that junk down with them, they want to be a short as possible, when you see high volume in key Dow stocks with no advancement in price, you can know the top has been reached. The Dow market makers obviously need to pump and dump a little more. No inflation... yea right!!!
FXNorm 3 years ago
The market has always been and forever will be manipulated--that is the rules of the game. TPTB coupled with SWF ride the market up then cover their calls let it sink and buy back in again. Always has been always will be. We are left with crumbs. Most are left with loses in real terms.
TGSIII 3 years ago
why is the dollar worth so little if its deflation?
sbmillionair 3 years ago
Awesome question. What you have is dollar being debased, coupled with asset deflation, and cost push PRICE increases is food and energy--a stealth tax. The dollar is falling because the government has unfunded liabilities moving forward, and because the dollar is based on the gold standard 'black gold' oil. Peak EXPORTS of oil looks real between 2008 and 2012: people are losing confidence in the dollar for the above reasons. De-basing a currency is not 'inflation', if you are an Austrian.
TGSIII 3 years ago
I still can't wrap my mind around inflation, here, TODAY, assets are declining, wages stagnant, unemployment growing. It seems to me inflation is behind us, deflation is today, with hyper inflation POSSIBLE tomorrow(s). Are TPTB strong enough to pull the rug out of the energy/food sector one last time, during elections, before peak oil exports 2008-2012? McCain presidency? The more i think i know the more i know I don't know much!
TGSIII 3 years ago
TGSlll Deflation is the money supply shrinking.
bdc03 3 years ago
So you are an Austrian! M1--shows FED policy----important for that reason alone----is flat M3 is up. Factor in de-leveraging (markets) and credit contraction and you have your answer. Money equals cash plus credit, CREDIT DESTRUCTION AND DE-LEVERAGING (sometimes 30 to 1 )outpace m3 growth. Unemployment rising, wages stagnant, people can't finance a stick of gum. Coupled with asset prices falling: cars, homes ect. Energy, food prices rising. Pay more for oil (stealth tax)cut back elswhere.
TGSIII 3 years ago
Well is will just give them justification to slash rates again...
Astrocreep69 3 years ago
no doubt
visionvictory 3 years ago
they could attack our lines /shrug. Saudi Arabia? i don't know.
sbmillionair 3 years ago
No kidding. Every day the news is bad bad BAD and every day the market just keeps going up. It's like the laws of the physics have failed. It's surreal. It's delusional. I really don't know what to call it.
xenix2012 3 years ago
Here are some of the headlines from our government run media, I I mean free market media.
CNBC- "Consumer inflation tame"
Market Watch- "Inflation stays caged in April"
Cnn- "Stocks rise on inflation report"
Fox Business- "Inflation Pressures Ease"
"What the eyes see's and the ear hears, the mind believes" Harry Houdini
They have hollowed out their brains with Britney and Paris, now they can tell them whatever they want. :(
visionvictory 3 years ago
bananas where 79cent apound last week when iwent shopping for this week its 1.09 now
blacksilverjose 3 years ago
6 Aircraft Carriers deploying to the middle east within a month. They are saying for an American air strike or an Israeli air strike on Iran's "nuclear" facilities.
bdc03 3 years ago
From Nov. 2007:
"Iranian President Mahmud Ahmadinejad said Sunday that Iran never wanted to use oil as a weapon, but if the U.S. attacked the country it would ""know how to react."" I dont get it, we dont import oil from Iran.
supracoop 3 years ago
supracoop- We don't import oil from Iran, but the rest of the world does, including China. A major oil disruption in the global markets would cause oil to soar. IMO, 300 would be the bottom if we attacked Iran. Thx for the comments.
visionvictory 3 years ago
"Those Wall Street boys are crooked, i don't trust them."
Al Capone
TGSIII 3 years ago
You know I was reading about the Myanmar crisis and how we are so quick to help them, now China which would probably refuse our help and it will be interesting to see what countries if any come to our aid when our economy collapses. People will be out of food and medicine and supplies... I honestly hope they are willing to help us like we are always the first ones to help everyone else. But I wouldnt bet on it.
supracoop 3 years ago
watch?v=LCW4A0ACDKM
sbmillionair 3 years ago
"Foreclosures Flood: 1,000 auctions per day in CA"
Quote: "Banks now offering discounts of 40% to 50% from prior sales price common in many parts of the state."
That is that % off the previous 10% to 20% reduction (i.e prior sales price--not peak).
The article also says
"It appears the pipeline of potential foreclosures is jampacked too---......another record coming."
And the article says many of these discounts don't even get bids and revert back to the lender.
sbmillionair 3 years ago
Finanical planners touting the stock market have a MAJOR lack of understanding. The Dow has gained 1% since 2000. The dollar has lost 1/3rd of it's value since 2000. It doesn't take a PHD to figure out that this whole American economy is the joke of the world. Screw dollar cost averaging when your dollars are becoming worthless. I would rather hold my wealth in real things.
BobBrinkerisanIdiot 3 years ago
IF the dollar strengthens wouldn't it hurt the stock market too?
It will hurt exports and if we are cutting our own consumption due to consumers spending less, it would hurt the stock market
sbmillionair 3 years ago
If the dollar rises and Interest rates rise where does Gold and Silver go?
OpenMind00 3 years ago
Dollar can't rise if interest rates go up OpenMind00. If rates go up, it would be like putting a gun to the credit american economy and pulling the trigger at point blank range. The dollar reflects the economy, high rates=bad economy=weak dollar=strong gold. Thats why vision keeps saying were at the point of no return. The fuse has been lit, either way the dollar is screwed. The fake bubble economy is OVER.
BobBrinkerisanIdiot 3 years ago
Your argument is valid---IMO likely--here is a different take. The US continues to go down and eventually it drags down the rest of the world. In the race to the bottom the US touches bottom first and money starts flowing back into US Assets because the rest of the world is in trouble too. This puts a floor under the dollar and allows interest rates to stay at 1 to 2% for an extended period of time. In other words, no decoupleling Possible?
TGSIII 3 years ago
Doesn't' the rest of the world have a lot less to fall. If you're in 12th grade and are sent back to 2nd grade, you have a lot to learn. As opposed to the rest of the world, which is in 7th grade going back to 6th grade. Americans have forgotten how to do anything, cook from scratch, gardens, raise live stock and hold jobs that produce. The rest of the world is self sufficient and they already have the infrastructure to produce, in fact they are producing.
BobBrinkerisanIdiot 3 years ago
I agree. I see the US going back to sixth grade--not 2nd. I have studied a lot of foreign market and i don't see any of them doing so well. Europe has massive problems not replacing their population. China 4 billion living on $1 a day India: no infrastructure, vastly corrupt. Russia running out of oil? I like brazil though. I see cracks coming to light world wide. I am not sold on the $ below 50 on the index but i do see the middle class here getting hammered. Oil exports peaking 08-2012?
TGSIII 3 years ago
peak oil exports 08-2012 we are all going back to second grade.
TGSIII 3 years ago
The sooner the better:) I'm ready to stop paying my bills :)
BobBrinkerisanIdiot 3 years ago
World- Produce, save, re-invest, and loan(prop America up).
U.S. - Borrow, Consume, Borrow more, consume more, pretend to pay back, or default.
BobBrinkerisanIdiot 3 years ago
If rates start to rise where will Gold and Silver GO?
Where will the Dollar go?
OpenMind00 3 years ago
I think at first they will go down along with the economy. But then in dollar terms they will go to the moon. Gold 15,000 and silver 1,000. According to Peter Schiff the dollar is destined to go far below 40 on the index if rates go up. If they stay down, it will be un calculable, since it will become worthless.
BobBrinkerisanIdiot 3 years ago
why would silver go down at first?
It rates rise silver should soar asap based on this theory?
OpenMind00 3 years ago
There's alway a lag, just the way it is. Could be because investors who own silver will get spooked not understanding dollar economics.
BobBrinkerisanIdiot 3 years ago
Well based on all this SHorting Treasury Bonds is the best play of all time then
OpenMind00 3 years ago
Only problem shorting t-bills, is your profit is in dollars :(
BobBrinkerisanIdiot 3 years ago
Long bond showed a crack today. I see opportunity in shorting the long bond, Not ready to short it yet, but paying close attention. Timing is everything if you are willing to speculate rather than invest in the markets/casinos. Market direction is still down as it has been last weeks despite its rise from DJIA 12,000 to 13,0000. Key: if you trade technicals is S&P 1404. Yesterdays resistance COULD turn into tomorrows support. Hasn't happened heretofore.
TGSIII 3 years ago
I think we'll know by the end of the month market direction. And i'm sure it's going way down. Terrible housing market report coming out the 15th.
bdc03 3 years ago
May 13 (Bloomberg) -- The benchmark interest rate for $62 trillion of credit derivatives and mortgages for 6 million U.S. homeowners is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs.
The Libor numbers that banks reported to the BBA were a lie,'' said Tim Bond, head of global asset allocation at Barclays Capital in London. ``They had been all along. The BBA has been trying to investigate them .....
TGSIII 3 years ago
Treasury Department reports, "biggest government ever." Sad, Republicans are the party of big government. I hope McCain loses by a land slide, so we can have a knew conservative revolution.
BobBrinkerisanIdiot 3 years ago
Bobs Mccain is going to get slaughtered like a lamb. This guy called "Maverick" Murray is running for NJ senate. He's another Ron Paul. Peter Schiff and Ron Paul are backing him. The repoobs will figure out their days of retardedness are over soon. We're at the end of republican control over anything. There will be a big change in Repub politics within 5 years.
bdc03 3 years ago
LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
TGSIII 3 years ago
lol, good find TGS111.
BobBrinkerisanIdiot 3 years ago
bob, guess who had lunch with bernanke, before the Morgan/stearns bail out.
They had mccain on the phone.
May 12 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke lunched on March 11 with a Who's Who of Wall Street leaders, including JPMorgan Chase & Co.'s Jamie Dimon, three days before the central bank rescued Bear Stearns Cos. from bankruptcy.
bloomberg(.)com/apps/news?pid=newsarchive&sid=a_OXZPHcMwlA
TGSIII 3 years ago
TGS,thats a really good one.. who said Italians had the biggest Mafia lords? US is a melting pot for the Mafia all over the world, Congress, Fed and wallsteet welcome them with open arms...including the Laden family.
gods2fight 3 years ago
The easiest way to rob a bank is to own one....
TGSIII 3 years ago
My wife and I have been watching the local builder bill boards on our local freeway. This morning for the first time since 2002, we saw one that is advertising homes for 100,000. These homes peaked at 350,000 and have fallen to 100,000 and still won't sell. People just don't understand, it's the loans, they are never going back to zero down no doc. Americans have a negative savings rate, and you have to have a down payment to buy a house, do the math. :)
visionvictory 3 years ago
I am in California and I can verify that statement about lost jobs. Things slowed down for me a bit and now I trying to get caught up on the bills now.
Hopefl1 3 years ago
thx for the comments. Hopefl1, I hope people who have limited space are watching your videos. All Americans need to join the world and grow some food. Even if it's a small amount, we should all have a vegetable garden. thx again
visionvictory 3 years ago
California is ground ZERO for the collapse. Construction and retail, both dependant on constant credit expansion by consumers. California will feel it the worst, a lot of civil unrest to happen in California with high poorer minority populations.
BobBrinkerisanIdiot 3 years ago
My uncle in law got out of hog farming a few months ago in Iowa due to the high commodity prices...ie biofuels taking all his feed for the hogs.
Astrocreep69 3 years ago
CNN Money article, also on yahoo. "Hurt said farm supply could start catching up to demand by 2010, helping to push down milk, bread, cereal and other grocery prices. "But higher prices aren't here to stay, Hurt said."
And to think we were all concerned and preparing for nothing. I'm relieved. haha, mainstream media is such a joke!
supracoop 3 years ago
Farm prices catch up LOL. My aunt and uncle nubbie are declaring bankruptcy. They quit milking years ago because it was unprofitable. They finally quit raising chickens this year because it was unprofitable. My other uncle quit gathering eggs and sold it. The people that run the houses now live in a trailer house. Inflation has been hidden by screwing businesses. It's going to start catching up.
bdc03 3 years ago
give or take a few days
sbmillionair 3 years ago
cnbc (dot) com/id/15840232?video=735299873%26play=1
shes saying the dow will be below 11000 by may 26th
sbmillionair 3 years ago
It amazes me that just the tech sector can keep the dow afloat through times where nearly every other sector is doing poorly...Something dramatic is going to happen...
Astrocreep69 3 years ago
This site says it all,and you now know why Jim Rogers moved out. Any body who does not want to have their kids end up in a trailer park made by the Chinese should consider better elementary education than that provided by American public schools.
2mm(.)typepad(.)com
gods2fight 3 years ago
An added dimension to the economic collapse...
gods2fight 3 years ago
our markets rally on badnews now-a-days. Wonder what would happen if oil hit 600? DOW 97,000!!!!!!!!!!
sbmillionair 3 years ago
Well, it's that time of the week. Oil hit a new high today, the media should start talking about the Oil Crash of May 2008. :) The Euro was up today, yet all the stories were about dollar strength. Lol
visionvictory 3 years ago
If Ron Paul drops out, Bob Barr is running in the general election. He's a former Republican congressman, who supports the constitution like Ron Paul. Anything's better than McBoma
BobBrinkerisanIdiot 3 years ago
Chuck Baldwin would be a better choice imo. The constitution party laughed mr. barr out of their convention. He's almost running on a bush 3rd term presidency.
bdc03 3 years ago
"Ron Paul's forces quietly plot GOP convention revolt against McCain"
...As two Democrats fight it out and the
potential for party-splitting strife..
...under the radar, the forces of Rep. Ron Paul have been organizing across the country to stage an embarrassing public revolt against Sen. John McCain when Republicans gather for their national convention in St. Paul....
latimesblogs.latimesdotcom/washington/2008/05/ronpaulgop.html
TGSIII 3 years ago
Wow, proof that they just don't care about the truth. CNBC power lunch just stated the the dollar is up against the Euro today. WRONG, it's down against the Euro. Someone needs to update the prompters their brains feed off of.
BobBrinkerisanIdiot 3 years ago
I saw that too... It's unbelievable that people in our country will just eat up anything the media tells them.
Astrocreep69 3 years ago
Interesting that Oil is at 126, and the Euro is up against the dollar while the headlines are all reporting a strong dollar. They just don't get, they never will. Maybe later this year when civil unrest breaks out they will finanlly get it.
BobBrinkerisanIdiot 3 years ago
Things are heating up: Six US companies of substance have defaulted on bonds recently, against 17 for the whole of last year: Linens 'n Things, Kimball Hill, Home Interior, French Lick Resorts, Recycled Paper Greetings, and Tropicana Entertainment.
TGSIII 3 years ago
Thank you!
I look forward to your next video.
Father of 5 YOUNG children.
crasster1 3 years ago
I'm living in Poland and despite increasing pursuing power of Złoty (55% increase to dollar) food also here going up so this is global problem. True comment about your goverment and policy. I suppose they going to decrease dollar on purpose in order to pay huge debt with cheap dollars but ordinary people will be suffer a lot. They will pay for huge debt. Nobody care about ordinary people only few are matters.
Anitaks88 3 years ago
TGS wants to get rid of the constitution. He's said it plenty of places.
bdc03 3 years ago
bdc I have said that i believe a couple of hundred elites in Washington shouldn't be running the country for 300 million people. How can Clinton who has over 100 million and not even one of the top 10 richest senators feel my pain? So following that logic i am not a fan of the architecture i think we should be de-centralized--more in line with the anti federalists of the time. Patrick Henry, Thomas Pain, George Mason--John Locke I am against tax w/out representation
TGSIII 3 years ago
tgs you also said financials were looking good in january, and you probably aren't a ron paul supporter so why are you here?
bdc03 3 years ago
bdc, look at any etf for financials since January 15th. Right after i posted financial shot up over 10%. Financials are up from there today. Besides, there have been 3 runs up since then. So if you played the bounces you would have done well. So, at best you are being disingenuous at worst you missed it.
TGSIII 3 years ago
tgslll Ok bear stearns went under. Citi is going under. Aig has been hit hard even with their phony numbers. Financials is going to be the first thing to go down. If by run ups you mean market manipulation and short covering. If you look at any chart we are still in a bear market. Soon we are going to be testing new lows again. Since you are bullish on the economy why are you here and on MOT. Everyone that watches these videos is expecting a huge sell off. Don't call me disingenuous either.
bdc03 3 years ago
Patrick Henry? The same guy who signed the constitution? You're a mccain lover amongst Ron Paulers. You're a bull among bears. This is why no one agrees with you. If anyone takes your advice they will be broke in a year.
bdc03 3 years ago
bdc the whole way up to 13k, i was telling people market direction was still down we have not done any technical damage we have not reversed up. So how am i bullish? True when people where calling for a crash at 12, 000 i called a bounce to 12,800 well i was right but that doesn't make me bullish.
TGSIII 3 years ago