Total economic meltdown , the Euro will end Europe will disintegrate ......

[expatriatetaxes]

obama funded by the unions? give me a break

[expatriatetaxes]

who is this idiot?



[albr00700]

and with his financial positions taken will make millions if it happens, so he promotes it...

[irritatinglilpryk]

Did you read about the coming meltdown of Frosty the snowman? I read it will be bad for all snowmen.

[Tsnore]

By his own admission, Hugh spends lots of time alone with his computer....

[AlexBradleyPopovich]

Yippee! Take one for the dollar!

[stupidjunk978]

Since the time of this video, Gold price has tripled and miners (Rio Tinto etc) have doubled

[18T220]

I'm from the UK, we dont use the Euro. All thanks to Tony Blair, cheers Tony you may have saved the UK.

[TheGenovian]

@18T220 you have to much dept anyway .

[18T220]

@TheGenovian

I've got no dept, what are you talking about?

[TheGenovian]

@18T220 not you the UK

[18T220]

@TheGenovian

Not as much as Italy or Greece, we are doing just fine campared to those countrys.

[johnbarkand]

@TheGenovian NWO , NEW WORLD ORDER!!

[johnbarkand]

@18T220 DE"B"T sorry, i have made same also, i live on debt.. love it ron paul 2012

[brandonbug1]

CHECK OUT SURVIVING ON THE DOLE AT BOOKRIX.COM ITS FREE

[logan500]

You can imagine how much this video makes me happy!

[searching68]

Wake Up People! - It's Time - Follow Me

---- The Revolution Has Started ----

( SaveTheWorldNow.osixs.org )

[plaina]

Support the Zeitgeist Movement!

Come on, people!!!!!!!!!!

[atimetowork]

The weakest part of Euro project is to be ruled only one central bank in europe. European Central Bank. There are more than 20 countries are using euro currency but all of their fiscal policies are ruled by european central bank. This is the cause of problem. These 20 countries have different economies than each other. You can't use same fiscal policy to Germany and Greece, to France and Portugal. Think about it.

[InvisioningSince93]

@atimetowork I'm an American, I have heard some about the Euro Project as of late. Could you explain it to me?

[Armigo91]

@atimetowork

I cant get a grip on the pros of capatilism.

Why does the EU say, a country has to require certain standards.

Countrys like UK,NL,FRANCE,GERMANY have yearly treasuries far beyond their expenditures. Lots of money that western europe makes, is either not used at all (saved with low rendement) or used for silly social innefictive projects. What europe had and needs to do is fund one european country by another, so they can develop their infrastructure and theirfore their development

[Armigo91]

project at the same level of prestige as france or germany is build. So just give greece like 3trillion euros for all i care. They will have build the most hypermodernized infrastructure and their GDP will skyrocket.

I think one european rule should be "no siesta" or those silly sleepy habits of those south european countries. Get of your lazy asses.

[atimetowork]

@Armigo91 There are a few countries in Europe supporting the union as financially like Germany, Holland and Sweden. Southern countries are not productive.

[DoelGr]

@atimetowork yeah north-west europe suport the union by selling products to south europe,there are some big companies there that north-west hapen to have ill give you that,but what does the average european does for it??i mean imagine that u lived in the not productive south!how in the world would you be productive??

[zarni000]

if the Euro goes down not sure what one can say for the USD....Europe can spin off the PIGS...US will have to spin off pretty much all the states...

[badsign1980]

this guy is total idiot, he needs get out more, spain and italy are the most visited countrys on planet, what idiot

[oscie1]

@badsign1980 France is the most visited country

[badsign1980]

tyhis guy is a total idiot, like most idiots in uk dosent understand that the oil that fueled the uk is gone, u donrt have solar dont have aeolic, but wish and probably likes to listen to his own voice, italy was bigger economy then uk, spain and portugal are energy solar almost self suffiencient, i think its the uk and the pound who is in trouble not south europe, just the fact they came with the name piigs says it all, they want break euro because its crushing the dollar

[badsign1980]

this guy is totally wrong portugal was 10 million ppl, we only need some uindustry booming and the levels of living will go right up, uk is deep in debt like the usa and the euro willc ollapse this guy dosent exist... further more for italy and southern countrys our biggest problem is immigration we are already poor and immigration is about 20% with is for 10 million theres 2 million ppl plus, if we get rid of those people the jobs will be greater then they are now what a high horse- gonna fall

[badsign1980]

this guy is an idiot, thinks he is almighty and was little knowledge of history and high regard a racial one to the people in the uk, he is forgetting something companys are not countrys and never will be they serve themselfs and they choose poor countrys where they pay less wages, the only reason why the uk was a strong economy is called usa and the money they made kissibng the americans ass while they bullythe world sucking its gold

[100jubei]

porque los europeos que fueron los que empesaron a invadir paises se quieren apropiar de nuestra ermomsa tierra si eramos tan felises porque no se pudrieron en su mierda solos para mi que ellos si son alienigenas ya no jodan al mundo fuck your self

[sgrouge]

all opf you ppl is feeding the FED!

Hahahaa!!!!

[AllTheSame711]

i could see why he shorted gold he is a chart man

[martinbelmont]

ha ha short gold stocks. He must be very rich now. he he

[1761341]

STOP THE FED!

[RockTheOcean4me]

You fear mongering money market bastard. The Euro is much more stable than your homegrown fed greenies will ever become, ok ?

You are introducing stupid theories and hope all Eur and global civilians will follow your views. Not even to mention your lovely hedgefunds.

You wanna be friends with Eur, than act like one.

Wall Street is renamed to War Street, not appreciated here...

[larsiemannen]

who is this scottish lad?

[illbegawddamd]

Wow I'm impressed with the literacy levels of the comments.

[TeunisD]

Even if currency fails, fucking girls is still fun.

[TruthAxe]

Asset depreciation is not deflation. Hendry is a smart guy, but he's clueless about the meaning of deflation and inflation, as most are.

Deflation is central bank action to slow the growth of new opened credit contracts. It has nothing to do with prices.

When central bankers increase reserve requirements, raise interbank lending rates, tighten lending rules -- all of that are acts of deflation.

[iamgabrielf]

@TruthAxe, well said. Please repeat that because ppl need to learn how money enters and exits the economy. These little posts that you and others do are more helpful to society that most media.

[TruthAxe]

@iamgabrielf Thank you for you kind words. I spread truth wherever I go. Some like it. Some hate it.

See my comments on the Greek bailout and riots, here: UwkfyRZYgZM

[wildpett]

If this guy went short gold feb 2009 he has been slaughtered, gold rallied from 800 $ to 1150 today.

[tichatschek]

ever heard about leverage?

can't you short using leverage?

100% on the short side don't make me laugh.

[Jacobrester]

Heheheheheheh.......a year ago all the doomsdayers were saying the Euro would be the worlds currency and the dollar was doomed.....LOL.....these conspiracy nuts are so funny

[voglbop]

Please tell me the euro will still crash. If it was to even drop to parity with the dollar Id move there in a heart beat. What a continent, absolutely beautiful land, architecture, people & food. I really need to learn one of their languages and get my butt over there for good.

[Dmac11a666]

How your doing? LOL Me fail english that's unpossible.... Go fuck yourself buddy....

[sarsanch]

Dmac11a666,I don't think he can fuck himself, he said his dick is too short.

[SolitonPL]

Zionists are behind this no doubt!

[vgcq02]

not really. It's general human greed.

[Dmac11a666]

If you got a handful of shit ain't nobody fucking with you.....

[Dmac11a666]

I shit my pants 38 years ago......

[Dmac11a666]

That's what i told your mom last night.....

[Dmac11a666]

They can't take away the fact that you're a fucking faggot....They can't take away the fact that I eat my own shit and then puke it up and use that as lube when I jerk off into my mouth....

[spectre1929]

the media is important because democracy is important and people need to know what is really going on ?Looking only at the civilian population of 237 Million, with 138 Million working that's a 41% overall not employed rate where 99 Million eligible workers are not employed. Consider that the 138 Million are supporting the US population of 305 Million.hyperinflation (It is systemic fraud),tax revenues disapearing ,some recovery ?this is not what the media is telling you ,so what about democracy ?

[ANTIDALLARD]

This scotch poofter loves to hear himself . Thatcherite little bastard.

[DrBPhD]

Stupid anglo-saxon gitt. No sensible words here. The euro will keep Europe strong since it has become a new world currency that may even replace the USD in international business. The game of fools like this fellow is over: no smoke stack production no wealth. Simple as that. Alas Britain.

[Seano71]

gold is great

bond market is a bubble

[superdiza]

Well...major gold stocks have risen 40,73 and 120% this year.

gold as a commodiy have risen more than 40 in 2009.

[superdiza]

How the hell would the money supply contract by 5% ?

[investornator]

you can buy pert mint gold coins;)

[superdiza]

So why did he remove them...

[jacofugazi]

what a douche bag... the silver spoon will follow after every bad investment that he makes.

Workers Cooperatives are good for everybody, including the consumer.

[hyylo]

hi

can someone please tell me what is the name of the guy in the blue suit with the glasses?

[Kamadeva01]

wont even see the vid.

just wanted to say LOL @ the title and whoever thinks its right.

[apogist]

haha, this guy is so wrong on every aspect.

he countries WITHIN the eurozo have sound economies, much more so than the US, furthermore on averge they have surplusses AND the are a producing economy.

[TYX91101]

A quick check of the Big 3 European stock averages shows they are tracking the U.S. and Asian indexes note for note. Britain suffered a 45% loss beginning in late 2007 - Germany and France fared even worse. It's a global economy and everybody's in it for better or worse.

The European Union will exist only in memory by the end of this debacle - those people have been fighting each other for centuries.

[hopaloop]

Sell gold and buy guns...lots of them,..big ones and Pot Noodles. Maybe a dog too. Get a big one, you might have to eat him one day soon.

[HereticNix]

HAAAAAAHAAAAAAAAA

[1761341]

@hopaloop LOL

[prozrachno]

@hopaloop: Yeah, stock up and prepare for the deepest economic crisis yet to come. Maybe arming yourself is not that bad idea, since in times of crisis people tend to loose it and turn into barbarians with no humanity traits whatsoever. I like your solution with the dog, very practical (lol). DOWN with the European Union! Down with centralized and meta governments that aren't "Democratic", but purely FEUDAL

[SovereignBeing]

@hopaloop i havent eaten my dog yet... !

[hopaloop]

@SovereignBeing lol,i'm on my third.

[SovereignBeing]

@hopaloop poor pooches, i prefer pot noodles, less bones, but rice is a good bet also. how many guns can you shoot at once against a storm trooper, militia swat team??

[hopaloop]

@SovereignBeing I must admit I don't acually have all the answers, a kind of work in progress so to speak. But as a last resort invite them all in for a tasty potnoodle, while they're waiting for the kettle to boil slip out the back door.

[SovereignBeing]

@hopaloop yes and then set the dogs on them, the ones you havent eaten.

[hopaloop]

@SovereignBeing now you're getting the hang of it.

[ucd77]

I think he's right in terms of gold. In the long run, like maybe 2 years or more, the gold price will hit $2000/oz but it will have many bull market declines on the way up, some of them very steep. At 1 stage last year, it went from $1000/oz to 700 in the huge commodities sell off, but gradually it recovered. The Fed is printing money like crazy (other central banks also but not nearly as much), + big players like China for example intend to treble their bullion holdings. All good news for gold.

[sysopkc]

HA I seem to remember in the 30's the Govt confiscated gold. This guys a major league ASSHOLE. Its called GREED Jerk off, yeah you can only make 100% its a HELL of alot easier to cover your shorts than it is to deleverage after youve upped 200:1. Hell thats how we GOT INTO THIS MESS!!! DUHH HELLO? The Goddamned UK/US bond market is on the verge of collapse, whats the HELL is this man talking about? I sure as hell agree on one thing, the US Buisness financial comm. is a FAILURE. Damn right mate.

[grraadd]

3:15 he doesn't know history... gold was stolen from American people in seventies - there was illegal to own gold then... that's why price collapsed. Now it's the only place to go to - listen to Peter Shiff, Ron Paul, Murray Rothbard.

[hyylo]

ron paul is my god

[grraadd]

good for you. The sad thing is, that you are probably in the minority... And in democracy mob rules, so you will be ripped off even more. Just like me in socialist, sclerotic Europe :-(

[Nanaeon05]

Where getting ripped off definetly in europe ,but r system is easier to get out of I would say ,where a rebelious content friend :-) namaste ...

[zarni000]

you are wrong. gold was illegal in 30s not 70s.

[Merlin5x5]

What servitude? In the end, the Oligarchy makes your food, clothes, housing, provides you a job despite your bad education, and literally makes the paper you wipe your butt with. Can you?

[nsolcis]

WHO ASKED EM TO DO THAT?

[marevitals]

The ultimate creation of wealth will be destroyed by those who designed its structure. The oligarchs will soon go extinct.

[Merlin5x5]

LOL, and who do you think ran the Soviet Union into the ground? The NON oligarchy? Every society and economy has an oligarchy, and they are good at what they do, as opposed people who blame the oligarchy.

.

[marevitals]

Stop Making Sense, Love your servitude.

[phxfreddy]

CNBC is super. The libs are too busy with Obama's tallywacker in their mouth to say anything coherent.

[phxfreddy]

GeeSus I am scared. The pussy socialist Europeans are showing more sense than the USA. That's frightening.

[Tait011]

@phxfreddy

Haha, since when has america ever shown more sense then europe xD.

You make me laff.

[oscie1]

@phxfreddy Respect your ancestry, europeans are not pussies

[phxfreddy]

Fearful of mistakes. Sounds like liberals to me. NOTHING may change. No new ideas from them since FDR's 1932. Be a progressive liberal. That is be a conservative. We look for real change.

[AFRIKTODAY]

Tell that to George Bush!!

[phxfreddy]

I think Europe is smart and taking its knocks now. President Obama the mental child is merely stoking up the printing presses and thinking his monopoly money machine will not hurt us. It will hurt us badly. Can you say Weimar Republic?

[mlndstream]

wow...whats that guys name with the United Kingdom accent in the middle?

[danbuck333]

Hugh Hendry

[SilverRose09]

Excellent!

[shaider77]

Since no one can eat gold anyways, maybe we should go back to the Horse dung standard. If I'm not mistaken it was used as currency back in the old days. At least it makes for good fertilizer to grow your vegetables.

[dave777blaster]

that communist outfit known as the EU should die off. It is a good deal then.

[apogist]

lol cnbc is absoluty one of the worst and subjective channels

[joelito101]

What do they call these people when it actually comes true...Prophets...I want to talk to this way, I would like to have the information he has...really.

[NAMZR160]

Horse shit will be the best stock to buy come the end of 2009, at least you be able to plant your vegetables in it, the rest will be Worthless, I see a bad moon rising.......

[caltrop69]

Uh...Actually, "Horse Shit" would be a commodity, in this context. However, I think that Banking stock will become, after nationalization, a "load of crap." Not sure which animals crap is involved...Possibly a species of bad CEO? The possibilities for investment are endless...

[Vornan]

Did he say "...the problem within Europe is the pigs: Portugal, Italy, Ireland, Greece and Spain" at 7:12? WTF!?

[ucd77]

It's an acronym, and it's PIIGS (Port., It., Ire., Gr. & Spain.), not pigs lol, though obviously its not a very flattering acronym.

[nsjeuw]

The AEX index has gone up about 3% .. stop whining

[Dragon888888888]

gold is still sexy and on the up

[Dragon888888888]

he said he did not short stocks one minute, then he says he is shorting gold stocks. he is a poor expert

[bakinjoo]

one of the top performs in the hedge fund world...a poor expert?

You, Sir, are a retard...

Hendry is fantastic...

Gold up?  Down Year over Year..

[Dragon888888888]

We will see if I and a retard or not. Dollar will crash and gold will go through the roof. I wont expect you to say sorry. And since when do you have the right to call anyone a retard? Save your comment for Disney Land.

[sagittariusBG]

Just wait and you will see what will happend next year.....

Learn how to grow your vegetables and chicken in your backyard. The expert is right.Otherwise you will need to exchange a gold for food.This is the future, unfortunatly...........

[jhl247]

i want to be virtuous... just not yet.. hahaha

[Sentinel4truth]

Thanks for this post.  Hugh Hendry is brilliant and interesting.

[ramonnl]

euro will never end.

We got the biggest economy on the world backing it, so think again.

[johan404]

laff

[KhmerD0g]

jim rogers said the euro will end.

euro already split up by the euro zone.

strong economic country like germany does not want to bail out weak and heavily bet mortgage countries like spain. there is a nationalism in each country too. there was protest in england about bringing in italian workers.

nationalism triumphs any economic unity in time of crisis like the one we are having now.

in america most americans are blaming the immigrants who take away their jobs - nationalism. hate groups grow.

[qpl4w3]

You're right. The hate groups are growing. It's a very scary reality.

[Moun10eer14]

@KhmerD0g which is exactly what lead to Hitler... spot on!

[honestann]

Yes, deflation is good - for all responsible people. Unfortunately, the powers-that-be (the international central gangster banksters) will print and spend money at astronomical rates to create inflation. That will make them rich (buying up everything at dirt cheap prices with money they can print at zero cost), but will destroy the world economy ... forever (unless "the people" arrest, try and execute the central gangster banksters and the rest of the NWO criminals).

[motina10]

Good. Deflation is good. It will help the market restart.