America will Collapse Jim Rogers,Gerald Celente... (NWO ECONOMICS SERIES/ Economic Collapse)
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THIS VIDEO IS WRONG! They just raised the Debt limit to 13 Trillion for 2013! The video says it will be $19 Trillion so the video is off by many a trillion dollars OR by about 40%.
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JR: "We don't have any trees left!" LOL
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@Kritikakis The hisoric evolution of PRIVATE PROPERTY RELATIONSHIP is the imposition of force over many by millitarised few, we are far from any meaningfull freedom except the so called freedom of renting ourselves to an employer to recreate thevery conditions of exploitation and dehumanisation, the current global capitalist crisis is the crisis of HISTORIC TENDENCY OF FALLING RATE OF PROFIT which is the structrual contradiction built into the system.
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@themredweirdoshow You can trade gold etc. for something else-- money is just paper
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There R 2 kinds of money: (1) Hard Currancy, based on products& services, (comodity), and (2) Debt Capital. When the housing market overheated and collapsed billions in Debt Capital evaporated leaving a shortage of Capital available to be lent. This led to a shortage of Hard Currancy and deflatrion. Capitalism is based on Debt, (production based on a romise to re-pay), and cannot function without it.
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The music is irritating. It spoils the video.
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Lol the mayan calendar predicts lunar cycles you fool.
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Great video, but shit music!!!
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Buy gold and silver? If money's worthless, what do you buy it with? And if you already had such random metals, how would they be "valuable" when you can't "sell" it, because it would only be to gain recognizable money. You're just going to be able to buy LESS, that's all. Having "precious" metal is nothing - that's like saying you have lucrative stocks and bonds - but they're worthless unless you SELL them for something!
The US media sucks. All they say is that the economy is getting better.
truthsabre7 1 year ago 10
Dollar is one of the reserve currencies. But when it overloads the debt system, then Peter Schiff's theory on de-coupling will start taking shape.
Kritikakis1968 1 year ago 8