You guys need to look at the big picture, US owes around $13 trillion in external debt which works out to be roughly $45,000 per captia. Much lower than many of the developed countries like England, Germany, France etc. Moreover, US's GDP is around $14 Trillion dollars/ year, 7 times of that of England. $13 trillion is not nearly enough to cause a total collapse. Get real people. Moreover, US doesn't just consume, it's export was around $2 Trillion USD last year. Btw every country prints money!
How is the world full of "rapidly deflating dollars". The inflation rate of the last year -0.4%. Meaning that you can pay for more goods with 1 dollar this year then last. You can predict future value of the "rapidly deflating dollars", but on numbers that are already in you can't. The last 10 year inflation rate is ~2.5% where as the 10 years before that was over 3% (90s) and was over 5% (80s) and 7% for the 70s. It seems the inflation rate is heading in the right direction.
@Loathomar Deflation always precedes inflation and in the case of the US hyper-inflation. All by the way engineered, first we have some more raping, plundering & piliging to do.
@buzzz121 " Deflation always precedes inflation" where? I mean if you have 2 options, deflation and inflation, then yes deflation precedes inflation, also inflation precedes deflation. Much like an off light precedes an on light. But deflation does not precedes hyper inflation. In the case of both Zimbabwe and Germany's Hyperinflation, there was no deflation then hyper inflation, but inflation, high inflation then hyper inflation.
The US-MEXICO borders are very sensitive area, it should be stood by the US troops like most countries & USA must create a DMZ!!! otherwise the USA will be falling OFF to the Ocean. (be invaded)
MEXICO would become the Most Base of Terrorist-Gangs Smugglers Country in the World including Illegal Aliens-Sneaking into the USA. (Millions# illegals inside the USA already) Time is Running Out.
I agree with you. But you come into where I work with a Euro I'm going to say no sale. And you will gripe and bitch and then I'll say no sale even if you bring me green backs. But again, that's just how we roll out in the sticks.
While that might be a good idea, there is no longer any currency that is regulated by any standard. All currency is still based off dollar trades. Even if they switched, they couldn't go straight to gold, that would take time. In the process we'd see a depreciation of all currency, though I think it would be far less than the dollar, so your idea has some merit.
@mattcg90 Every country in the world prints paper money. Your currency is no better than the US's currency. The government lowered interest rates to stimulate growth. In addition, they do not make the prices, the market determines the prices. Go take a economic class or two.
@MrAkA22 Really? So you read how the 3rd world counties are selected, via the Human Development Index? And you expense the Life Expectancy, Education Index, and GDP to all be cut in more then half? Life Expectancy and Education Index do not ever change quickly, unless you are producing the a very large percentage of US population to suddenly die, that is not going to happen.
@MrAkA22 "america, soon to be a 3rd world county" I hope you don't really mean it because you sound really stupid. If America's economy suffers a total collapse, so would the whole world. America's economy is entangled with the world economy. That's why when the sub prime crisis manifested itself, EVERY major stock exchange plunged around the world. You better hope the US holds up or your country would be done too.
You people believe that other countries buying out our country is the worst of what will happen!!! Get ready for the central banking community who deceived our country into doing their dirty work for them, and charged us for doing this dirty work for them, to come knocking at the door to collect the money owed them! Guess what? When you don't have any money to pay, you have your life, and this is what they shall take! Either literally, or through enslavement.
0:11 Link to Bernanke's speech is broken can you please provide a working link to this historical speech? Better yet put it in the sidebar/description of your video.
So when we reach this 10 trillion mark, what then? How will the economy and the country defend against the same policies that happened post depression. Will robber barons from europe and here swoop in and snatch up all the wealth and property to be had?
Yes. As a few examples, Arab's have already bought the Chrysler building, Russians have bought our steel mill, China and Middle Eastern nations are buying corporations and even expensive foreclosed homes at fire-sale prices. Meanwhile we're importing 500,000 NEW foreign laborers and 250,000 of them are from India to take I.T. jobs when we already have 6.1% unemployment. Also, 30k Iraqis are coming starting in October and 12k have already arrived. Don't forget the ILLEGALS already here.
The "Baby Boomer's" selfishness and outright greed over many decades has ruined the United States economy. If you feel offended, YES----I mean YOU!
TSM8088 2 months ago
what i am gonna do is imma sell out all my stocks and cash. Buy shit loads of gold. and become a farmer to feed my self. Sounds safer IMO.
Mattikish 9 months ago
Kill 666 buy .999
jizzleone1 1 year ago
inflation will onl occur, whennn the economy trul beins to grow again...ntil then. its DEflation ..all the signs are showing it
sgentlemanjack112 1 year ago
well done, scarface! ;)
loverforever1 1 year ago
You guys need to look at the big picture, US owes around $13 trillion in external debt which works out to be roughly $45,000 per captia. Much lower than many of the developed countries like England, Germany, France etc. Moreover, US's GDP is around $14 Trillion dollars/ year, 7 times of that of England. $13 trillion is not nearly enough to cause a total collapse. Get real people. Moreover, US doesn't just consume, it's export was around $2 Trillion USD last year. Btw every country prints money!
jwang604 1 year ago
How is the world full of "rapidly deflating dollars". The inflation rate of the last year -0.4%. Meaning that you can pay for more goods with 1 dollar this year then last. You can predict future value of the "rapidly deflating dollars", but on numbers that are already in you can't. The last 10 year inflation rate is ~2.5% where as the 10 years before that was over 3% (90s) and was over 5% (80s) and 7% for the 70s. It seems the inflation rate is heading in the right direction.
Loathomar 1 year ago
@Loathomar Deflation always precedes inflation and in the case of the US hyper-inflation. All by the way engineered, first we have some more raping, plundering & piliging to do.
buzzz121 1 year ago
@buzzz121 " Deflation always precedes inflation" where? I mean if you have 2 options, deflation and inflation, then yes deflation precedes inflation, also inflation precedes deflation. Much like an off light precedes an on light. But deflation does not precedes hyper inflation. In the case of both Zimbabwe and Germany's Hyperinflation, there was no deflation then hyper inflation, but inflation, high inflation then hyper inflation.
Loathomar 1 year ago
It's counteirfeiting I tell ya. Your Fed is a counterfeit syndicate. I don't understand how you can't throw them to jail for that.
RoniCMaster 1 year ago 2
the fuckin sob admit they caused the depression. ppl have to be hung for that.
vladito10 2 years ago
The US-MEXICO borders are very sensitive area, it should be stood by the US troops like most countries & USA must create a DMZ!!! otherwise the USA will be falling OFF to the Ocean. (be invaded)
MEXICO would become the Most Base of Terrorist-Gangs Smugglers Country in the World including Illegal Aliens-Sneaking into the USA. (Millions# illegals inside the USA already) Time is Running Out.
MEXICO is Number 1 Crime & Terror in the USA.
jtx1bx 3 years ago
Comment removed
mattcg90 3 years ago 6
I agree with you. But you come into where I work with a Euro I'm going to say no sale. And you will gripe and bitch and then I'll say no sale even if you bring me green backs. But again, that's just how we roll out in the sticks.
take care man. Buy silver and gold!
HaggaiVS8 2 years ago
While that might be a good idea, there is no longer any currency that is regulated by any standard. All currency is still based off dollar trades. Even if they switched, they couldn't go straight to gold, that would take time. In the process we'd see a depreciation of all currency, though I think it would be far less than the dollar, so your idea has some merit.
Aetheras 2 years ago
@mattcg90 What prices are skyrocketing? The '09 inflation was -0.4% and this year we are looking a ~2% inflation.
Loathomar 1 year ago
@mattcg90 Every country in the world prints paper money. Your currency is no better than the US's currency. The government lowered interest rates to stimulate growth. In addition, they do not make the prices, the market determines the prices. Go take a economic class or two.
jwang604 1 year ago
@mattcg90 You're stupid
Vomitonthecross 1 year ago
america, soon to be a 3rd world county
MrAkA22 3 years ago 9
@MrAkA22 Really? So you read how the 3rd world counties are selected, via the Human Development Index? And you expense the Life Expectancy, Education Index, and GDP to all be cut in more then half? Life Expectancy and Education Index do not ever change quickly, unless you are producing the a very large percentage of US population to suddenly die, that is not going to happen.
Loathomar 1 year ago
This has been flagged as spam show
@MrAkA22 "america, soon to be a 3rd world county" I hope you don't really mean it because you sound really stupid. If America's economy suffers a total collapse, so would the whole world. America's economy is entangled with the world economy. That's why when the sub prime crisis manifested itself, EVERY major stock exchange plunged around the world. You better hope the US holds up or your country would be done too.
jwang604 1 year ago
You people believe that other countries buying out our country is the worst of what will happen!!! Get ready for the central banking community who deceived our country into doing their dirty work for them, and charged us for doing this dirty work for them, to come knocking at the door to collect the money owed them! Guess what? When you don't have any money to pay, you have your life, and this is what they shall take! Either literally, or through enslavement.
truethatbe 3 years ago
You can believe that they will be met with with the angriest, craziest, most murderous population in history, and the tables will turn.
identitycrisis108 2 years ago
well said.
HaggaiVS8 2 years ago
It's best to prepare for the worst.
it's going to be quite a harsh few years'
in the future. I hadn't heard that about the DOW opening at -249 today... It's pretty crazy the way they engineer these collapses.
unholydegas 3 years ago
0:11 Link to Bernanke's speech is broken can you please provide a working link to this historical speech? Better yet put it in the sidebar/description of your video.
anyusmoon1 3 years ago
So when we reach this 10 trillion mark, what then? How will the economy and the country defend against the same policies that happened post depression. Will robber barons from europe and here swoop in and snatch up all the wealth and property to be had?
unholydegas 3 years ago
Yes. As a few examples, Arab's have already bought the Chrysler building, Russians have bought our steel mill, China and Middle Eastern nations are buying corporations and even expensive foreclosed homes at fire-sale prices. Meanwhile we're importing 500,000 NEW foreign laborers and 250,000 of them are from India to take I.T. jobs when we already have 6.1% unemployment. Also, 30k Iraqis are coming starting in October and 12k have already arrived. Don't forget the ILLEGALS already here.
srichards01 3 years ago