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For all those who have watched and supported this channel and the information and insight i try to provide...a million thanks.....i sincerely i hope you've been doing the same thing. which is paying very close attention to US and world events....and continually making sure that you and your loved ones are in the a safest position as possible. both personal and financial security.
in these chaotic times...preserving wealth is paramount....SAVING what you already have. must be your 1st priority. i use the world SAVE b/c this market and the economic and power structure that lead up to and currently benefit from this economic catastrophe are monsters...that want to kill...and eat all what you have.
imagine losing all you have, no home...not one cent in savings...all wiped out (in fact worst than that...in debt so deep that their is no way out)...now imagine that there are people who want this to happen. they want ALL your money...everything you have. and they don't care how much suffering that will cause. like i said...monsters.
all of you must realize that the fact is ...we are living within this warped & manipulated economic framework...so, you can not and should not believe what you see, touch and feel. remember what looked like paradise just a few years ago, stocks up, housing up, jobs up..all pointing to a economic promise land of wealth and permanent growth...and of course we all heard the constant chorus of the financial experts and talking heads proclaiming we entering a new economic reality where stocks will continue to grow and grow and grow...w/ no downturn in sight.
time has revealed much. and i hope you don't have to be lied to or burned over and over again to see what's happening. the point you must take away from this short video is that this warped financial and economic system created a false illusion of wealth and prosperity. and it seems that only those who controlled the smoke and mirrors really knew what was behind this facade. and are the few that are benefiting from this carnage.
You don't believe in the tooth fairy...but you can believe the government stress test stating that banks that are leverage of 25 to 1 are perfectly fine? A stress test Where the worst case scenario was capped at 9.5% unemployment — a number that is mere spiting distance from the current 8.9%. which by the way may be a gross underestimation.
can you believe in a stress test where the banks negotiated just how stressful it should be. where citibank went from the original stress test showing they need to raise 35 billion MORE to the current where the ONLY need 5 billion.
can you believe in a system that allows banks, insurance companies and financial institutions...supposedly the safest and most sound places to put your money were allowed to make ungodly amounts of money gambling in risky investment for the past decade...and now with the crushing collapse...they are protected and make money on the spirally way down! let me repeat, these companies and their execs, make billions w/ the expansion of this fake bubble economy....and now trillions have been transferred to them as soon as this bubble pop. that pop was not only the bubble poping..but your tax dollars, your saving, your future purchasing power blowing up.
finally, can you trust in a financial system dow jones where 50% of the volume is generated from computer programs of the top banks. and of that 50%...half of that trading is done from ONE bank...goldman sach. They make the markets...if they don't control they can sure the hell influence the market w/ 50% of all computer trading volume.
I have touched on a lot of big topics in my videos. but each was made and must be taken in the context of this warped, manipulated financial system. if you don't realize this. you will be destine to hand your money to the manipulators.
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Good video....I agree with you. But I think people need to know more about what they can do practically and financially as well. There are still people that need to wake up, but once they are awake, they are thinking NOW WHAT? What practical steps do they take? What do I do with my savings? What do I do with my 401K? Etc... Keep up the good work though!
veritasfiles 2 years ago 3
@veritas - everyone has a different circumstance...but there are fundamentals that i recommend to my friends and family. b/c this is a broken system..as said in my video, one has to do everything in there power to protect what they already have...with a sound saving and investing plan. 2nd. find ways to earn more income. i'll may make a video going more detailed..thx for the comment!
Growby10 2 years ago