Wall Street is being inflated by credit exansion out the ass, whcih will fail of course and cause and even bigger bottoming out than would ahve happened had the credit spicket not been turned hard to the flood side.
Wall Street is in for a nightmare. All because of inflation. BS gov created economic stats are not to be believed either, they have no basis in reality.
Awesome job! I like how you show us a chart to prove your points.I cant believe people are sooo blind to see the truth. All I hear is people wowing over the "big" 8k credit they will get when they purchase a home before nov 2009. Give me a break...You know it's bad whent the GOV has to pay you to buy a home!! WAKE UP AMERICA!
hahaha thats true.....I am about to buy a 3 family house in the bronx, ny for 400k.....the plan is to spend 1600 that i pay for rent to own the property......i think thats the smarter thing to do.....as far as buying new homes as investment is FOOLISHNESS!
OMG! D, you're brilliant. Your coverage is great, you explain in laymans terms what the pundits and bobbleheads cant (wont) but the flipping the monitor - inspired! Well done, lol, great stuff.
VV, you're a pessimist pornaographer and you obviously don't know that Bernanke has already assured us of a "jobless recovery". Green shoots? Hell no! Bamboo shoots, all day son! Word up to Helicoptuh Ben! We'll all be millionaires soon!
No, everything is hunky dory and we're in the money as the dow is at 9000....yea!! happy days are here again. Just ask anyone in California....right???
Buffet just happens to be a Mason. I don't know if you have watched "The Obama Deception" or not but in that documentary sources inside of "The Bilderberg Group" said that the elite plan on running the market up one last time and then they are going to pull the rug out from beneath everybody. Buffet is a New World Order shill. He makes a few mistakes on purpose like buying all those GE shares @ 22-24
Guaranted Financial Group a bank out of Texas is about to go under after righting down 1.5 billion in loans back in march. This game isn't even going to stop. Also I have said over the months on other blogs about the A Prime issue. Many of those people fudge themselves to be A prime and add to that losing a job and you have an A prime person instantly a Subprime. And these houses won't sell because they are to expensive.
hey V.V. how much Gold did ya find when u were in Colorado at that old abandoned mine site? Please make vid of u on gold expedition to Rollins lake, ca ... or Feather river, ca,,, now that would be great
I am LONG this market. This is a BULL market. I am bearish on the economy but the market and the economy are two different animals. It could be weeks, months or years before the market trades back down at realistic levels.
Yes I think this is a mini bubble in the making and I make money going up until it pops then I short it back down.
Well, there does appear to be a huge inverted Head & Shoulders pattern in the S&P 500 that began back in November 2009 after a significant decline. What this could portend is a massive bull rally. The market rarely makes sense or has much to do with reality. Oh, eventually reality catches up with the market but "the market can stay irrational longer than you can stay liquid". My advice is to do what the professionals do... HEDGE your bets. People who do not hedge eventually lose big if not all.
Also, read "The Bankers Manifesto". I don't know if it's real or a forgery, but it certainly describes what has been happening and what is happening right now.
The proof is in the pudding. Gold and silver have had every excuse to rise to record highs and have been found wanting. The hyperinflatin you all are praying for and the collapse of the dollar are daydreams. Anyone who is into PM's will be holding the bag for a long time. So keep on hoping the US will collapse while you miss and have already the next bull market. I have only one thing to say to all of you who bought into the doom and gloom and purchased gold/silver: SUCKER !
States across America, squeezed by a recession that has jacked up jobless rolls, are struggling to get unemployment checks out, a review indicates.
Sixteen states that already have exhausted unemployment benefits funds now pay furloughed workers with borrowed cash, a number which could double by year's end, The Washington Post reported Friday.
La la la la la, Whistling through the cemetery....
Guaranty Financial, No. 2 Texas Bank, Says May Fail
Guaranty Financial Group, the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and writedowns left it "critically" short of capital.
The Austin-based lender has about $16 billion of assets and more than 150 branches in Texas and California, according to its website.
If you add in the increased FDIC insurance of 100k to 250k per account and a new Temporary Liquidity Guarantee Program, the FDIC's commitments total 6.4 TRILLION DOLLARS.
Of course, they only have about 8 billion on hand. Don't worry though, they have a CREDIT LINE with the Treasury for 500 Billion. And besides Treasury has a line of CREDIT with the FEDERAL RESERVE and the DON'T WORRY ABOUT 12-14 TRILLION DOLLARS that the US GOVT is BACKING UP!
64 bank failure in 2009. 25 in 2008 and 3 in 2007.
19 in July alone...7 more failures this week (6 in GA and 1 in NY).
Quote from Reuters:
"The failures have been draining the FDIC's deposit insurance fund, and the agency has taken steps -- including an emergency assessment on banks -- to replenish the fund."
A few days ago, around 4:30 pm, I stopped into a Lowes hardware store. It was empty. I'm not joking, either. I literally walked around the store to see how many customers I could find. The result: 3 customers in a 60000 sq ft store !
Look at it as a world economy! "New World Order!" Anglo Saxton nations hold the Debt. of the world Economies and Nations like China Hold the surpluses. We are one world order. China will not dump the dollar. They would of done it long ago. Why kill the consumer of their products? Conservatives don't want to tax the consumer. Why, we will stop spending and the economy will slow. Don't miss the boat. Jesus is not coming!
China is actively buying up natural resource businesses and natural resources. According to their own central banker, this is a way they can reduce their exposure to U.S. dollars. Ill try and find you the article, it was just out last week.
Useless because actually it is no surprise. China is acting exactly as I told they would, months ago.
China are taking advantage of the current situation created by the west (crashing commodities to support itself) and are joining the band wagon.
No surprise here. A message to all people who claimed that Clinton went to China months to beg. I underlined this was a wrong interpretation: what Clinton warned over was special moves like this one, because now there is a race on the command of
In Australia everyone is talking about buying houses since the government is giving $21000 to first home buyers. When this offer expires and interest rates spike what is going to happen to prices? It's maddening
nice to see that this young man can explain in simple terms , the facts that matter. It's no surprise why he's not been hired to work for CNBC news is because the mis-information from the MSM is intentional. tj
Too funny Daniel! I'm loving the way you're doing your vids lately! I always loved your vids but lately it's been awesome man keep it up dude! Oh ya the Canadian bank has officially announced that Canada's recession is over LMAO! It's not just the american govt. lying to the people but all govts. Cause these clowns all answer to the same elites.
cont. to the fully indexed rate which is much higher than the minimum payment they have been used to. Now borrowers find themselves with a house that is worth much less than they owe AND a payment that has skyrocketed. So, what do they do? They RUN not walk from their house and go rent for awhile. People realize that the $500K house they bought was only affordable with a "minimum payment" This goes back to the bubble - most families can't afford a $500K house; we need a huge correction
option ARMs will be a higher default because they borrowers have been diferring interest the last few years. WHen you pay a "minimum payment" the potion that does not cover the interest is added to your principal balance. So you your loan balance will go UP every year. Well in the last few years with prices going down and these balances going UP, it creates an even greater negative equity situation. When Option ARMs reset after they have differed more than 15-20% their payments skyrocket
Mark Carney (Governor of the Bank of Canada) declared the Canadian recession over yesterday and Canada will recover twice as fast as the US. While I do think Canada is in better shape than the US (balanced budget until last year, net exporter) I still think there's a long way to go.
All the stimulus money, which will cost us trillions over the next many years, went right into the banks and stock market. The banks are reporting record profits (RECORD profits!) and the markets are rebounding like mad, but the people are hungry, afraid, and ASLEEP. Really bad situation.
And to make matters worse, we have shills spreading misinformation and trying to discredit honest intelligent people like Daniel. Sickening!
None, I'm only short 10% in a bear fund. Since November 2008 I've been accumulating Asian stocks like crazy. I'm not a perma bear, Im very bullish on several nations.
Cheer up guys! You can still work for the government! Soon government, wallstreet and wallmart will be the only employers left in America. People who work for Wallmart will be the vast slave class, people who work for Wallstreet will be the tiny middle class, and people who work for the government will be the supreme overlord class. ^_^ Yaaaaay!
I don't know if things are really turning around or not. I do know that around here (OKC - the most recession-proof city in the USA) the banks are really getting tight. It's getting much harder to borrow money. They're turning down their best customers even if it means them going out of business. The largest dirt hauling company in the state has shut down one of their pits that services the fastest growing city on OK. They said that there is no longer enough construction demand to keep it open.
Remember that Schiller predicted the option arm and alt a wave to further collapse the housing market. However, Schiller also started a hedge fund on housing prices! More hypocricy.
Dude, you're one of the smartest people here...I was a bear for quite a while, but most of this herd is going over the cliff, they are missing the boat, buying Gold (they will get thier asses handed to them on a platter) because they don't see the whole economic picture considering currency valuations..they are blind...to the global currency situation and devaluation to keep in line with the current status quo of the dollar...considering trade agreements and tariffs...
YouTube will not accept posts that contain website names, in an attempt to avoid commercialized spamming. If you feel you need to provide an important link, you can just type in something like "triple-w daht importantsite daht com"; but the literal text containing three w's or periods usually won't be accepted.
Just judging my own experience rather then the media. I experienced the massive bidding wars going on in the real estate market! 10 - 20 bids per reo home! There is a bottom! Well at least in the housing market!
this FED hologram gold will be worth alot but standard gold that you can turn in for the new dollar will not be worth what alot of guys like you are saying. it will be only about $1,500 an ounce. you can basically trade in your old dollar for a new dollar or the old gold for the new dollar as well. when plan B fails then plan C is WW3 by attacking iran or iran will be a central player in the war. this time ww3 will start with atomic detonation, opposite of how ww2 ended.
hey visionvictory, i am wondering what your take is on this argentinan guys prediction. i have watched alot of gloom and doom stuff and to be honest, i think this guys has it 100% correct.
he basically says there will be plan A, B, C and we are in plan A, where they simply throw alot of money to problem. when it fails plan B will be a new dollar that is backed by gold, special gold with holograms from the FED so as to simply prevent people that hold ordinary gold to evade the crisis.>>>>
Let's see.... The conservative gold bubble inflators sold their real estate and stocks at the height of the bubbles. They bought gold. Now the collapse of the bubbles. They will help inflate the gold bubble through fear mungering and sell their shares before it's demise and re invest back in the stock and real estate markets. Great Plan when your only occupation is being an investor! The name of the game is staying one step ahead of everyone else!
Short Sale! It's the way to go! East Valley mesa/gilbert! Banks are moving much more quickly! 2 more years and a couple more bailouts to go and the bubble should be cleaned out of the housing market! The U.S. will survive this crisis! I have faith in my country! We survived the crash of 29! We may be the country that inovates clean safe energy and sells the technology around the world. We discovered electricity, automobile, computers, cell phones, air travel. This depression will drive us.
I just sit back and laugh anymore and the lack of reporting An example would be yesterdays akeover of the Delphi pension by the PBGC..the SECOND LARGEST pension failure E V E R..and not even a rumbling. Instead we get a bounce in housing sales even though foreclosures significantly outpaced sales and some accounting shenigans or one time pops. I am just straight up with clients..it's all BS..
I think there will be more jobs coming from tech and green jobs. I also think that employment will reduce as people will find employment as fear eases. Could be wrong...
There are jobs being created..at 1/3 of the income the person was previously making. An example. The stimulus money has allowed my county to hire more carpenters to weatherize homes for the poor (on our tax dollars). These guys were union tradesman making 60k plus a year, now making 21k..welcome to your recovery. Everytime I hear a report from congress I just think if they would get the hell out of there, and out of our pockets we would have money to spend..pricks!!
When it costs 40% less to own vs. renting, Homes are undervalued. Bubble areas will have a bottom that is below what the homes should be valued at. This presents an opportunity! I predict a steep bottom for Fl, Az, Nv, and Ca with a U shaped rebound to normal levels in a couple of years. This means 25% gain in 3 to 4 years. Homes in Az are now cheaper than the cost to build it by 20%. One needs a food and Shelter as basic nessesities!
don't waste to much energy here, you have zombie doomers who think the NWO is in charge, Obama is a muslim, FEMA camps will be full..and all the other BS...I agree with you.......as bad as things are, there is 3-4 trillion dollars on the side lines, billions in available mortgage lending, and a confidence crisis that is turning, major problems..yes, a collapse, end of the dollar...no..72% of americans said things are stabilizing or getting better, a major shift in attitude in the last 6 months.
Remember all the so called experts that said"We are not in a housing bubble!" "Prices are where they should of been long ago!" "The fundamentals of our economy is sound!" Does Harry Dent have a crystal ball? He is speculating! Depressions offer investors great opportunities! I have read most of harry dent's books and still not convinced in his thesis!
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All you gold diggers and gold bubble prospectors should be prepared for a posible recovery. Other countries have debased their currencies also!!!! Don't forget about that! We are all one economy. Break the U.S. and break the world. We will always be a debtors nation. This is our role in the global economy. We are the consumers of the world. Sounds good to me. I think you all may miss the opportunities that are in front of your faces! I have some doubt in the us but it is shrinking.
I agree with you, economics, like water, will find an equal librium...I used to agree with Daniel on many issues, but I think he's wrong, the economy is turning around, we will never be the bubble credit economy we once were, and unemployment will remain around 10%-11% for a few years, but we are not going to collapse, and Gold will prove to be a terrible investment. Too many countries are debasing thier currencys (especially China) to maintain the status quo....
It would in a free market. Unfortunately: that has been stolen. I see no turnaround anywhere..the over 9 k is overplayed..it still well below where it was last year..and unemployment continues to rise, n end in site..that is a better indicator of direction. Hope for the best, soldier..that is fine..but the rational prepare for the worst. Don't be blind to the threats.
it's a self correcting model, that has been interferred with, it will correct one way or another, but comparing it to a meth addict is a brain dead comment...ofcourse it is sustainable, under the right circumstances....get real.....
In the real physical world, not the imaginary Keynesian utopia you seem to be occupying, you can't indefinately spend more than you earn, especially with the interest on the debt you accumulate while borrowing for your deficit.
you also can't keep giving people welfare, food stamps, and free medical care indefinitely, this money has to come from somewhere. this gravy train has to end, look at california.
With unbacked fiat currency, fractional reserve banking and especially interest (usury; imaginary money), that is certainly the case. Check out "Money as Debt".
"The most hated sort of money-making, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural use of it-for money was intended merely for exchange, not for increase at interest."
what came first...the work?..or the payment?...if work was required before payment..a credit was applied to the employer until the work was completed, at which time it was given back in the form of money, Money created) if the worker was paid before the work (buying on credit) then the credit was applied to the worker, and given back to the creditor after work (payment) it's all the same...there is no other system, or should people simply starve until they can afford food and shelter.....
Right on the interfered with thought, but your perspective seems to underplay the down side value of that. I was right where you are now..two years ago.
See the thing you fail to realize is that Gold has NEVER been valued at 0 and never will be valued at 0, so you keep your toilet paper and i'll keep my metal.
He;s wrong...when you can buy a 1600 sq ft home in a nice subdivision in Phoenix for $75,000, that was $200,000 3 years ago...BUY THE DAMN THING..BUY IT RIGHT NOW.......don't listen to anybody else's BS, you can't rent a damn 2 bedroom apartment for those prices, and I'm including property tax and insurance...
75,000 in phoenix? That proves my point; a house in the desert is selling for 75,000. Wait until interest rates are at 10-20%, that house will be listed for 12,000-26,000.
I'm in Az and to rent the home would cost aprox: 990/month. More inventory is waiting on the side lines. But now there is a new short sale to investor option that will help clean up the inventory before it hits the market. I personally know of 2 people who are inprocess. My short sale purchase only took 3 weeks to get a reply from the bank. This used to take 3 to 5 months.
I'm not a realtor but have been watching the housing market closely since early 90's. The market is turning around! Just bought a nice 1660 sq. foot new home on 1/4 acre for 80k. My interest rate is 5.2%. Do the math. Much cheaper to own vs. renting. Buyers are fighting over distressed properties. People need a roof over their head just as they need food. Yes there is the alt a and option arms out there.
You did the right thing....people are putting too much faith in Youtube bloggers, the housing market is turning so fast here we are starting to have major subdivisions being built again, a large subdivison that was prepped two years ago, and left stalemate, is now being completed, there are at leasts 15 housing subdivisons started in the last 3 months with in 10 miles of my home. I am seeing lots of new cars (dealer tabs in windows) everywhere,don't buy the youtube BS, it's turning around
Keep day dreaming about turning around. W/ banks still holding massive # of houses they cannot offload, those little new subdivisions will be overwhelmed by the existing oversupply. This is going to be a depreflation (depression + mass inflation) whether you are willing to admit it or not.
Okay..........you are so wrong it's a friggen joke......a depression with inflation......along with foreign currency devaluation and 10% -11%unemployment....thanks.....
What 10-11% unemployment? It's already past 18% if government had to report the stats honestly. And foreign currency devaluation? Pal, it's only those who carry huge debt, namely US, UK, IRELAND and Iceland (good company right there), are compelled to devalue their currency.
Historically, housing prices are still higher than the last 3 major bubbles. We still have a ways to go. You are confused because interest rates are lower than they should be or will be in the next few years.
Uh yeah, and those 25-30 million ppl out of work well snatch up those houses, as the unemploment rate keeps skyrocketing where are all these buyers going to come from?
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herisee 1 year ago
Wall Street is being inflated by credit exansion out the ass, whcih will fail of course and cause and even bigger bottoming out than would ahve happened had the credit spicket not been turned hard to the flood side.
Wall Street is in for a nightmare. All because of inflation. BS gov created economic stats are not to be believed either, they have no basis in reality.
deltapunk21 2 years ago
Another great video. Thanks for your time and effort.
merryxster 2 years ago
peter schiff said we have to go through a recession\depression. high unemployment and job losses is the norm. we have to take it on the chin.
hume12345 2 years ago
the stock market is the most inconsistent, ungrounded, unsustainable foolishness
CiscoNast 2 years ago
Awesome job! I like how you show us a chart to prove your points.I cant believe people are sooo blind to see the truth. All I hear is people wowing over the "big" 8k credit they will get when they purchase a home before nov 2009. Give me a break...You know it's bad whent the GOV has to pay you to buy a home!! WAKE UP AMERICA!
SilverWealth23 2 years ago
hahaha thats true.....I am about to buy a 3 family house in the bronx, ny for 400k.....the plan is to spend 1600 that i pay for rent to own the property......i think thats the smarter thing to do.....as far as buying new homes as investment is FOOLISHNESS!
nyznicca 2 years ago
OMG! D, you're brilliant. Your coverage is great, you explain in laymans terms what the pundits and bobbleheads cant (wont) but the flipping the monitor - inspired! Well done, lol, great stuff.
rlabier 2 years ago
Daniel, Nice shirt is it made in america?
buzzz121 2 years ago
Wow! Nice find Daniel. So this fall we should start seeing the housing market tank again right?
cousinmccain 2 years ago
Breaking News!
MORE market manipulation today!
karenbcz22 2 years ago 2
You better patent that new charting method soon!
singlespeak 2 years ago
Simply turn your computer upside down!
LOL
Great video!
pinkcheesegreengh0st 2 years ago 3
VV, you're a pessimist pornaographer and you obviously don't know that Bernanke has already assured us of a "jobless recovery". Green shoots? Hell no! Bamboo shoots, all day son! Word up to Helicoptuh Ben! We'll all be millionaires soon!
TenderTrap86 2 years ago
No, everything is hunky dory and we're in the money as the dow is at 9000....yea!! happy days are here again. Just ask anyone in California....right???
manofreedom 2 years ago
And another chart that drops into the abyss on 2012.
faszika 2 years ago
nice one Daniel :)
siddhaam 2 years ago
Buffet just happens to be a Mason. I don't know if you have watched "The Obama Deception" or not but in that documentary sources inside of "The Bilderberg Group" said that the elite plan on running the market up one last time and then they are going to pull the rug out from beneath everybody. Buffet is a New World Order shill. He makes a few mistakes on purpose like buying all those GE shares @ 22-24
havoctrend 2 years ago
Hahahhaa.... I love your sense of humor.
danielayala33 2 years ago
Guaranted Financial Group a bank out of Texas is about to go under after righting down 1.5 billion in loans back in march. This game isn't even going to stop. Also I have said over the months on other blogs about the A Prime issue. Many of those people fudge themselves to be A prime and add to that losing a job and you have an A prime person instantly a Subprime. And these houses won't sell because they are to expensive.
BuckFutterd 2 years ago
Funny. Refreshing.
mentalpinball 2 years ago
hey V.V. how much Gold did ya find when u were in Colorado at that old abandoned mine site? Please make vid of u on gold expedition to Rollins lake, ca ... or Feather river, ca,,, now that would be great
tonapah141 2 years ago
GREAT!
chrism20 2 years ago
I am LONG this market. This is a BULL market. I am bearish on the economy but the market and the economy are two different animals. It could be weeks, months or years before the market trades back down at realistic levels.
Yes I think this is a mini bubble in the making and I make money going up until it pops then I short it back down.
TraderDelta 2 years ago
Well, there does appear to be a huge inverted Head & Shoulders pattern in the S&P 500 that began back in November 2009 after a significant decline. What this could portend is a massive bull rally. The market rarely makes sense or has much to do with reality. Oh, eventually reality catches up with the market but "the market can stay irrational longer than you can stay liquid". My advice is to do what the professionals do... HEDGE your bets. People who do not hedge eventually lose big if not all.
bolognadetector 2 years ago
You are one of the few on youtube who knows that the market and the economy are two different things. March 9 was the market low.
marketwatch101 2 years ago
02:58 LOL. Props man. That was awesome.
bolognadetector 2 years ago
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funny, sad but funny
lightleague 2 years ago
My mind is telling me that we are going to remain in a bear market for a while. But my gut is telling me that we are in the start of a bull market.
burnindownthehouse 2 years ago
Also, read "The Bankers Manifesto". I don't know if it's real or a forgery, but it certainly describes what has been happening and what is happening right now.
KOPYMEH 2 years ago
Money only buys goods. Only.
Once you admit that, you will get a different insight on the current situation.
People with debt are always better at consuming than people with savings.
Sooner or later, mass production will be abandoned because unsustainable. Better to enjoy it when it is still available.
TheCZMan 2 years ago
hahhaha, you so funny about CNBC
hahhahha, I just can't stop lughing.
Good job about screen
sov19871987 2 years ago
Great report! Use graphs more!
VictorTheGr8 2 years ago
Detroit faces risk of bankruptcy by Oct. 1
This will be an interesting time for muni bonds.
coultrane 2 years ago
This comment has received too many negative votes show
When are you guys going to realize that we are in a new bull stock market. Gold and silver have had its day.
marketwatch101 2 years ago
It's a bull shit stock market recovery.
edmack4me 2 years ago 3
The proof is in the pudding. Gold and silver have had every excuse to rise to record highs and have been found wanting. The hyperinflatin you all are praying for and the collapse of the dollar are daydreams. Anyone who is into PM's will be holding the bag for a long time. So keep on hoping the US will collapse while you miss and have already the next bull market. I have only one thing to say to all of you who bought into the doom and gloom and purchased gold/silver: SUCKER !
marketwatch101 2 years ago
States struggle to send jobless checks
States across America, squeezed by a recession that has jacked up jobless rolls, are struggling to get unemployment checks out, a review indicates.
Sixteen states that already have exhausted unemployment benefits funds now pay furloughed workers with borrowed cash, a number which could double by year's end, The Washington Post reported Friday.
La la la la la, Whistling through the cemetery....
coultrane 2 years ago
Guaranty Financial, No. 2 Texas Bank, Says May Fail
Guaranty Financial Group, the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and writedowns left it "critically" short of capital.
The Austin-based lender has about $16 billion of assets and more than 150 branches in Texas and California, according to its website.
coultrane 2 years ago
If you add in the increased FDIC insurance of 100k to 250k per account and a new Temporary Liquidity Guarantee Program, the FDIC's commitments total 6.4 TRILLION DOLLARS.
Of course, they only have about 8 billion on hand. Don't worry though, they have a CREDIT LINE with the Treasury for 500 Billion. And besides Treasury has a line of CREDIT with the FEDERAL RESERVE and the DON'T WORRY ABOUT 12-14 TRILLION DOLLARS that the US GOVT is BACKING UP!
GOT GOLD/SILVER?
coultrane 2 years ago 2
64 bank failure in 2009. 25 in 2008 and 3 in 2007.
19 in July alone...7 more failures this week (6 in GA and 1 in NY).
Quote from Reuters:
"The failures have been draining the FDIC's deposit insurance fund, and the agency has taken steps -- including an emergency assessment on banks -- to replenish the fund."
shutdowncity007 2 years ago
Coultrane must be on vacation. He hasn't posted any comments on this yet. Too bad, because he usually brings something interesting to the table.
elpilotoazul 2 years ago
Speak of the Devil. I am working on starting a website devoted to our republic and economy. I hope to have it up and running in a month.
coultrane 2 years ago
When it's up, let us know.
elpilotoazul 2 years ago 2
Ditto what elpilotoazul said, let us know, Coultrane.
Look forward to seeing your site.
ChrmdLabradorite 2 years ago
A few days ago, around 4:30 pm, I stopped into a Lowes hardware store. It was empty. I'm not joking, either. I literally walked around the store to see how many customers I could find. The result: 3 customers in a 60000 sq ft store !
For fun, I think I may buy some Oct. Puts.
coultrane 2 years ago
same thing in CA, Lowes and Home Depot, dead, even on Saturdays.
visionvictory 2 years ago
Yeah, Coultrane, for months and months, the Lowe's I pass everyday, has nobody there....
It's going to be like dominoes when everything goes.
Thanks for the vid, VV!! Great info as usual. :)
ChrmdLabradorite 2 years ago
lol inverting the screen to see the true view 180 degrees out. the lies they tell for general consumption will make everyone suffer even more..
imercury 2 years ago
U.K. economy shrinks more than expected
Second-quarter's 5.6% annual fall is largest on record
British gross domestic product shrank more than expected in the second quarter, casting doubt on hopes the economy would return to growth in 2009.
coultrane 2 years ago
when are 2nd quarter u.s. gdp numbers coming out?
bdc03 2 years ago
LOL - literally at the monitor flip. Great. Stuff. Keep 'em coming.
limpix84kg 2 years ago
Koyaanisqatsi.
Puzzoozoo 2 years ago
Thanks
Basharwax 2 years ago
Interesting headlines to lookup: UK economy falls in Q2, dashing recovery hopes and Officials lambast NJ corruption after 44 arrested
ChromeClapper 2 years ago
Look at it as a world economy! "New World Order!" Anglo Saxton nations hold the Debt. of the world Economies and Nations like China Hold the surpluses. We are one world order. China will not dump the dollar. They would of done it long ago. Why kill the consumer of their products? Conservatives don't want to tax the consumer. Why, we will stop spending and the economy will slow. Don't miss the boat. Jesus is not coming!
carnage958 2 years ago
they actually are dumping the dollar in the form of assets and have not purchased anymore US t-bills
FENXMillennia 2 years ago
thx for the comments
visionvictory 2 years ago
China will not dump the USD but not for the cause you claimed. It has always been the Chinese government's projetc to move their population up.
They are perfectly aware that if they dump the USD, they are closing the doors to the access to natural resources.
That is the cause, not about killing consumers of their products...
TheCZMan 2 years ago
China is actively buying up natural resource businesses and natural resources. According to their own central banker, this is a way they can reduce their exposure to U.S. dollars. Ill try and find you the article, it was just out last week.
visionvictory 2 years ago
Useless because actually it is no surprise. China is acting exactly as I told they would, months ago.
China are taking advantage of the current situation created by the west (crashing commodities to support itself) and are joining the band wagon.
No surprise here. A message to all people who claimed that Clinton went to China months to beg. I underlined this was a wrong interpretation: what Clinton warned over was special moves like this one, because now there is a race on the command of
TheCZMan 2 years ago
natural resources over the world.
TheCZMan 2 years ago
Comment removed
nextdimensions 2 years ago
In Australia everyone is talking about buying houses since the government is giving $21000 to first home buyers. When this offer expires and interest rates spike what is going to happen to prices? It's maddening
andrewebisu 2 years ago
Wonderful video! So many truths! Keep up the good work, Daniel!
robert4you 2 years ago
nice to see that this young man can explain in simple terms , the facts that matter. It's no surprise why he's not been hired to work for CNBC news is because the mis-information from the MSM is intentional. tj
tj5555555 2 years ago
thx for the comments
visionvictory 2 years ago
Great video. Thanks !
profesas 2 years ago
Great Video! Delivering the bad news with a small bit of humor is really appreciated.
66scjohnston 2 years ago
great vid, animated, and humorous, quite engaging...KEEP UP THE GOOD WORK OF INFORMING THE CITIZENS!
ZLadie2000 2 years ago
Too funny Daniel! I'm loving the way you're doing your vids lately! I always loved your vids but lately it's been awesome man keep it up dude! Oh ya the Canadian bank has officially announced that Canada's recession is over LMAO! It's not just the american govt. lying to the people but all govts. Cause these clowns all answer to the same elites.
lyradguitar 2 years ago
sorry for all the typos above
aw3212 2 years ago
cont. to the fully indexed rate which is much higher than the minimum payment they have been used to. Now borrowers find themselves with a house that is worth much less than they owe AND a payment that has skyrocketed. So, what do they do? They RUN not walk from their house and go rent for awhile. People realize that the $500K house they bought was only affordable with a "minimum payment" This goes back to the bubble - most families can't afford a $500K house; we need a huge correction
aw3212 2 years ago
option ARMs will be a higher default because they borrowers have been diferring interest the last few years. WHen you pay a "minimum payment" the potion that does not cover the interest is added to your principal balance. So you your loan balance will go UP every year. Well in the last few years with prices going down and these balances going UP, it creates an even greater negative equity situation. When Option ARMs reset after they have differed more than 15-20% their payments skyrocket
aw3212 2 years ago
Mark Carney (Governor of the Bank of Canada) declared the Canadian recession over yesterday and Canada will recover twice as fast as the US. While I do think Canada is in better shape than the US (balanced budget until last year, net exporter) I still think there's a long way to go.
theservman 2 years ago
Excelent! I laughed out loud when you turned the monitor upside down. Great video. Thank!
fal2grace 2 years ago 2
I thought that option ARM's and alt A loans combined were worth more than the subprimes?
mlndstream 2 years ago
Sound was more soothing in other the cam alot of S sound breaks. Thanks for the vid !
Junriah 2 years ago
thanks for the vid.
nepenthean 2 years ago
All the stimulus money, which will cost us trillions over the next many years, went right into the banks and stock market. The banks are reporting record profits (RECORD profits!) and the markets are rebounding like mad, but the people are hungry, afraid, and ASLEEP. Really bad situation.
And to make matters worse, we have shills spreading misinformation and trying to discredit honest intelligent people like Daniel. Sickening!
Keep it up Daniel!
drutter 2 years ago 6
Shadowstats has unemployment at 21%.
drutter 2 years ago
best truthful news on the net
bigmoney714 2 years ago 2
Daniel. just how much money did you lose on stock markets during the bull rally?
wilsontt88 2 years ago
None, I'm only short 10% in a bear fund. Since November 2008 I've been accumulating Asian stocks like crazy. I'm not a perma bear, Im very bullish on several nations.
visionvictory 2 years ago
Nevermind found the link/ chart. If others are interested click the "more info" link under daniels avatar for the link.
stephenrblv 2 years ago
great stuff !
cosmicguerilla1 2 years ago
Daniel could you please post the link to the Mortgage Chart you show in this video? Thanks
stephenrblv 2 years ago
check out my info area in the upper right. Or just google, option arm reset chart.
visionvictory 2 years ago
Cheer up guys! You can still work for the government! Soon government, wallstreet and wallmart will be the only employers left in America. People who work for Wallmart will be the vast slave class, people who work for Wallstreet will be the tiny middle class, and people who work for the government will be the supreme overlord class. ^_^ Yaaaaay!
AllahConsciousness 2 years ago 2
summary = here comes the pain
Steve2323ZX 2 years ago
I don't know if things are really turning around or not. I do know that around here (OKC - the most recession-proof city in the USA) the banks are really getting tight. It's getting much harder to borrow money. They're turning down their best customers even if it means them going out of business. The largest dirt hauling company in the state has shut down one of their pits that services the fastest growing city on OK. They said that there is no longer enough construction demand to keep it open.
jc7622 2 years ago
Life is beautiful. Time to go back to sleep.
Hopefl1 2 years ago
Keep on seeking and speaking the truth!
Thanks
dclarkconsulting 2 years ago
nice chart at the end =]
ctoon6 2 years ago
Right on!
InTheSticks1881 2 years ago
Man it's great to see you can still maintain
a good sense of humor through this, that chart work was classic !!!! Keep up the good work my friend.
cwicss 2 years ago
Remember that Schiller predicted the option arm and alt a wave to further collapse the housing market. However, Schiller also started a hedge fund on housing prices! More hypocricy.
carnage958 2 years ago
Dude, you're one of the smartest people here...I was a bear for quite a while, but most of this herd is going over the cliff, they are missing the boat, buying Gold (they will get thier asses handed to them on a platter) because they don't see the whole economic picture considering currency valuations..they are blind...to the global currency situation and devaluation to keep in line with the current status quo of the dollar...considering trade agreements and tariffs...
darkcloud2211 2 years ago
If there is a boom, then gold and silver should do well. Especially silver the industrial precious metal. Sounds like a win-win for PM's.
visionvictory 2 years ago
Yep, we aren't out of this yet; even much of last year's bad debt is still being carried on the books of our financial institutions. Sad.
Tigerpaws9097826 2 years ago
Do I understand that the option arm is going to be worse than the sub-prime?
dixiegirl999 2 years ago
Yes, defaults are higher and it will be a major blow to a housing market already on its knees.
visionvictory 2 years ago
YouTube will not accept posts that contain website names, in an attempt to avoid commercialized spamming. If you feel you need to provide an important link, you can just type in something like "triple-w daht importantsite daht com"; but the literal text containing three w's or periods usually won't be accepted.
Tigerpaws9097826 2 years ago
hi vision am standing on my head to watch this . Thanks much for the added information.Does standing in line count as domestic product ? Lol
1mealperday 2 years ago
Resistance on the dow at 9,200-9,300.
bdc03 2 years ago
as always, a great video. thanks daniel!!!
UserNum8 2 years ago
fucking youtube goddamnit!
it won't let me post the goddamn links.
just search for
Global Financial Collapse - Salbuchi - Part 1
Global Financial Collapse - Salbuchi - Part 2
and see for yourselves. sorry.
ARGH28 2 years ago 3
Thank you, ARGH28, for the tip. Salbuchi is brilliant. I'm afraid he is right. Unless the people shout "NO". This will end in a world war.
mcgrawtim123 2 years ago
Just judging my own experience rather then the media. I experienced the massive bidding wars going on in the real estate market! 10 - 20 bids per reo home! There is a bottom! Well at least in the housing market!
carnage958 2 years ago
No bottom in prices. 400 foreclosures a day in maricopa county.
bdc03 2 years ago 3
goddamnit youtube wtf. pissing me off it posts this shit but not the main reply with the youtube links of that argentinian guy!
ARGH28 2 years ago
wtf with youtube it is not posting my replies!
ARGH28 2 years ago
this FED hologram gold will be worth alot but standard gold that you can turn in for the new dollar will not be worth what alot of guys like you are saying. it will be only about $1,500 an ounce. you can basically trade in your old dollar for a new dollar or the old gold for the new dollar as well. when plan B fails then plan C is WW3 by attacking iran or iran will be a central player in the war. this time ww3 will start with atomic detonation, opposite of how ww2 ended.
ARGH28 2 years ago
P.S. You should trust these people because they are Christians! Well the new generation is getting wise to their agenda!
carnage958 2 years ago
Very eye-opening
Thanks Daniel,
Tina
whiskerchild 2 years ago
hey visionvictory, i am wondering what your take is on this argentinan guys prediction. i have watched alot of gloom and doom stuff and to be honest, i think this guys has it 100% correct.
he basically says there will be plan A, B, C and we are in plan A, where they simply throw alot of money to problem. when it fails plan B will be a new dollar that is backed by gold, special gold with holograms from the FED so as to simply prevent people that hold ordinary gold to evade the crisis.>>>>
ARGH28 2 years ago 2
Not sure, haven't seen or heard him.
visionvictory 2 years ago
His name is Adrian Salbuchi with username arsalbuchi
/watch?v=xUvuQTD8FCI
or
/watch?v=UlDNMB6wYmI
nextdimensions 2 years ago
hahaha
odin422 2 years ago
Let's see.... The conservative gold bubble inflators sold their real estate and stocks at the height of the bubbles. They bought gold. Now the collapse of the bubbles. They will help inflate the gold bubble through fear mungering and sell their shares before it's demise and re invest back in the stock and real estate markets. Great Plan when your only occupation is being an investor! The name of the game is staying one step ahead of everyone else!
carnage958 2 years ago
the parrelal between inversion and waterboarding is eerie , but accurate , peace
sailfished 2 years ago
US will survive this, but it will take a long time. The days of fun spending are over, and may not return for decades.
alycephoto 2 years ago
We will go back to mom and pop shops and local economies with LOTS of bartering.
lostinthemix 2 years ago
Classic slang-blade at 2:58! Your best bet is to patent that chart Daniel..
alikokos 2 years ago
Short Sale! It's the way to go! East Valley mesa/gilbert! Banks are moving much more quickly! 2 more years and a couple more bailouts to go and the bubble should be cleaned out of the housing market! The U.S. will survive this crisis! I have faith in my country! We survived the crash of 29! We may be the country that inovates clean safe energy and sells the technology around the world. We discovered electricity, automobile, computers, cell phones, air travel. This depression will drive us.
carnage958 2 years ago
Just keep telling yourself that all those people with option arms and "pick a payment" loans are not as up-side down as Daniel's computer screen.
All the new inventory that Darkcloud mentioned will somehow cause prices to rise because it will cheer people's expectations.
And 10-20% unemployment will spur people's appetite to take on new debt.
Just repeat it over and over until it's true.
frgtmygld 2 years ago
I just sit back and laugh anymore and the lack of reporting An example would be yesterdays akeover of the Delphi pension by the PBGC..the SECOND LARGEST pension failure E V E R..and not even a rumbling. Instead we get a bounce in housing sales even though foreclosures significantly outpaced sales and some accounting shenigans or one time pops. I am just straight up with clients..it's all BS..
becauseicare2 2 years ago
lol at upside down chart. I couldnt read it so i turned mine upside down when vision did it. HA!
dx11101 2 years ago
I think there will be more jobs coming from tech and green jobs. I also think that employment will reduce as people will find employment as fear eases. Could be wrong...
GypsyHustle 2 years ago
There are jobs being created..at 1/3 of the income the person was previously making. An example. The stimulus money has allowed my county to hire more carpenters to weatherize homes for the poor (on our tax dollars). These guys were union tradesman making 60k plus a year, now making 21k..welcome to your recovery. Everytime I hear a report from congress I just think if they would get the hell out of there, and out of our pockets we would have money to spend..pricks!!
becauseicare2 2 years ago 3
Talk about the $1.4 Quadrillion in derivitives.
lostinthemix 2 years ago
I would have spit out whatever I was drinking if I was... did you say "QUADrillion"???
shutdowncity007 2 years ago
Yes, yes i did.
lostinthemix 2 years ago
I like the upbeat smart "A" doom and gloom approach!
gtiapr3 2 years ago
Hi, I was just wondering when you will update the seminar date(s)?
~Thanks, and have a great day!
moviefan7X5 2 years ago
soon, i'm very busy right nown :( thx
visionvictory 2 years ago
When it costs 40% less to own vs. renting, Homes are undervalued. Bubble areas will have a bottom that is below what the homes should be valued at. This presents an opportunity! I predict a steep bottom for Fl, Az, Nv, and Ca with a U shaped rebound to normal levels in a couple of years. This means 25% gain in 3 to 4 years. Homes in Az are now cheaper than the cost to build it by 20%. One needs a food and Shelter as basic nessesities!
carnage958 2 years ago
don't waste to much energy here, you have zombie doomers who think the NWO is in charge, Obama is a muslim, FEMA camps will be full..and all the other BS...I agree with you.......as bad as things are, there is 3-4 trillion dollars on the side lines, billions in available mortgage lending, and a confidence crisis that is turning, major problems..yes, a collapse, end of the dollar...no..72% of americans said things are stabilizing or getting better, a major shift in attitude in the last 6 months.
darkcloud2211 2 years ago
Everything looks so good upside down like mmmmm upside down economy cake!
egn83b 2 years ago 2
Epic :)
bdc03 2 years ago
Remember all the so called experts that said"We are not in a housing bubble!" "Prices are where they should of been long ago!" "The fundamentals of our economy is sound!" Does Harry Dent have a crystal ball? He is speculating! Depressions offer investors great opportunities! I have read most of harry dent's books and still not convinced in his thesis!
carnage958 2 years ago
This comment has received too many negative votes show
All you gold diggers and gold bubble prospectors should be prepared for a posible recovery. Other countries have debased their currencies also!!!! Don't forget about that! We are all one economy. Break the U.S. and break the world. We will always be a debtors nation. This is our role in the global economy. We are the consumers of the world. Sounds good to me. I think you all may miss the opportunities that are in front of your faces! I have some doubt in the us but it is shrinking.
carnage958 2 years ago
Population and spending habit data alone will crash the U.S. economy. Not to mention the other 50 MAJOR problems we have.
visionvictory 2 years ago
Hey bud go sip some more main stream media cool aid. A possible recovery LOL. Get off the heroine.
bdc03 2 years ago
Sounds like he hypnotized by CNN.
dixiegirl999 2 years ago
I agree with you, economics, like water, will find an equal librium...I used to agree with Daniel on many issues, but I think he's wrong, the economy is turning around, we will never be the bubble credit economy we once were, and unemployment will remain around 10%-11% for a few years, but we are not going to collapse, and Gold will prove to be a terrible investment. Too many countries are debasing thier currencys (especially China) to maintain the status quo....
darkcloud2211 2 years ago
Laff. Good luck with that.
KOPYMEH 2 years ago 2
No worries man, I remember last year around this time the word was, no recession period.
visionvictory 2 years ago
It would in a free market. Unfortunately: that has been stolen. I see no turnaround anywhere..the over 9 k is overplayed..it still well below where it was last year..and unemployment continues to rise, n end in site..that is a better indicator of direction. Hope for the best, soldier..that is fine..but the rational prepare for the worst. Don't be blind to the threats.
rexoid 2 years ago
Sorry, that's not how it works. It's not a sustainable model. It's like being high on meth for 10 years straight and expecting to live another 10.
KOPYMEH 2 years ago 3
it's a self correcting model, that has been interferred with, it will correct one way or another, but comparing it to a meth addict is a brain dead comment...ofcourse it is sustainable, under the right circumstances....get real.....
darkcloud2211 2 years ago
Seems you have been ingesting some meth.
In the real physical world, not the imaginary Keynesian utopia you seem to be occupying, you can't indefinately spend more than you earn, especially with the interest on the debt you accumulate while borrowing for your deficit.
Get real.
KOPYMEH 2 years ago 2
you also can't keep giving people welfare, food stamps, and free medical care indefinitely, this money has to come from somewhere. this gravy train has to end, look at california.
vision...keep up the great work.
jp2059 2 years ago
Speaking of getting real. If you speak of the real physical world therefore you must admit that debt is meant to be repaid by equivalence.
Money being debt, when you buy one galleon of oil with lets say 10% rate, it means that the equivalent repaiment will be 1,1 oil galleon.
Real world hint: this will not be possible.
Continuation: debt does not matter because it wont be repaid.
Continuation: debt is only a tool to sponsor the consumption of a limited pool of resources.
People with high
TheCZMan 2 years ago
level of debts are ahead in the race for consuming unrenewable resources. People with low debt levels are behind.
People with savings will find themselves caught in a situation where there will be less and less goods to be traded.
Welcome to the real physical world.
TheCZMan 2 years ago
With unbacked fiat currency, fractional reserve banking and especially interest (usury; imaginary money), that is certainly the case. Check out "Money as Debt".
"The most hated sort of money-making, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural use of it-for money was intended merely for exchange, not for increase at interest."
— Aristotle
KOPYMEH 2 years ago
over 3,800 fiat currencies have failed, the model doesn't work. Our money is loaned into existence by a private banking cartel.
visionvictory 2 years ago
what came first...the work?..or the payment?...if work was required before payment..a credit was applied to the employer until the work was completed, at which time it was given back in the form of money, Money created) if the worker was paid before the work (buying on credit) then the credit was applied to the worker, and given back to the creditor after work (payment) it's all the same...there is no other system, or should people simply starve until they can afford food and shelter.....
wrinkles1931 2 years ago
Right on the interfered with thought, but your perspective seems to underplay the down side value of that. I was right where you are now..two years ago.
rexoid 2 years ago
See the thing you fail to realize is that Gold has NEVER been valued at 0 and never will be valued at 0, so you keep your toilet paper and i'll keep my metal.
lostinthemix 2 years ago
Harry Dent says, whatever you do, Do Not Buy A House Now.
I think he's a smart guy.
alycephoto 2 years ago
I agree, i love his research.
visionvictory 2 years ago
He;s wrong...when you can buy a 1600 sq ft home in a nice subdivision in Phoenix for $75,000, that was $200,000 3 years ago...BUY THE DAMN THING..BUY IT RIGHT NOW.......don't listen to anybody else's BS, you can't rent a damn 2 bedroom apartment for those prices, and I'm including property tax and insurance...
darkcloud2211 2 years ago
75,000 in phoenix? That proves my point; a house in the desert is selling for 75,000. Wait until interest rates are at 10-20%, that house will be listed for 12,000-26,000.
visionvictory 2 years ago
Are there jobs being created there? I suspect no. And this is the bottom line with regard to home prices. Phoenix is so 2000-and-late. Party = over.
limpix84kg 2 years ago
I'm in Az and to rent the home would cost aprox: 990/month. More inventory is waiting on the side lines. But now there is a new short sale to investor option that will help clean up the inventory before it hits the market. I personally know of 2 people who are inprocess. My short sale purchase only took 3 weeks to get a reply from the bank. This used to take 3 to 5 months.
carnage958 2 years ago
I'm not a realtor but have been watching the housing market closely since early 90's. The market is turning around! Just bought a nice 1660 sq. foot new home on 1/4 acre for 80k. My interest rate is 5.2%. Do the math. Much cheaper to own vs. renting. Buyers are fighting over distressed properties. People need a roof over their head just as they need food. Yes there is the alt a and option arms out there.
carnage958 2 years ago
was that a foreclosure ? Do you mind saying where it is ?
DavidAKZ 2 years ago
You did the right thing....people are putting too much faith in Youtube bloggers, the housing market is turning so fast here we are starting to have major subdivisions being built again, a large subdivison that was prepped two years ago, and left stalemate, is now being completed, there are at leasts 15 housing subdivisons started in the last 3 months with in 10 miles of my home. I am seeing lots of new cars (dealer tabs in windows) everywhere,don't buy the youtube BS, it's turning around
darkcloud2211 2 years ago
Keep day dreaming about turning around. W/ banks still holding massive # of houses they cannot offload, those little new subdivisions will be overwhelmed by the existing oversupply. This is going to be a depreflation (depression + mass inflation) whether you are willing to admit it or not.
dlmaniac 2 years ago 2
Okay..........you are so wrong it's a friggen joke......a depression with inflation......along with foreign currency devaluation and 10% -11%unemployment....thanks.....
darkcloud2211 2 years ago
What 10-11% unemployment? It's already past 18% if government had to report the stats honestly. And foreign currency devaluation? Pal, it's only those who carry huge debt, namely US, UK, IRELAND and Iceland (good company right there), are compelled to devalue their currency.
dlmaniac 2 years ago 3
and THAT re-enforces my point.....
darkcloud2211 2 years ago
Historically, housing prices are still higher than the last 3 major bubbles. We still have a ways to go. You are confused because interest rates are lower than they should be or will be in the next few years.
visionvictory 2 years ago
Uh yeah, and those 25-30 million ppl out of work well snatch up those houses, as the unemploment rate keeps skyrocketing where are all these buyers going to come from?
lostinthemix 2 years ago