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It's Like The Great Depression!

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Uploaded by on Jun 21, 2008

CNBC, Bill Seidman, 6-19-2008

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Education

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  • @kamicka23 food has risen around the level that silver has risen at the retail level. At the wholesale level it's gone up more for food, not silver, so if you're buying food + silver you're well prepared for what's coming. Gold's not re-valuing up as fast but it's so solid as real money that it suffers little of the fluctuation silver can from day to day.

  • @ytgv3fc7 - By today's standards, yes, but by their standards at the time of this writing, it was a lot of money. The point of the messsage (verse) is that the price of food will be so high, even by our standards, that it will cost you a day's wages for one person to eat. And keep in mind, that 90% of the jewish population were below poverty level because of the taxes imposed upon them by the Roman dictators. So a denarius was a lot of money. How much has food risen in the last few months?

  • @kamicka23 "A quart of wheat for a day's wages & three quarts of barley for a denarius"

    ht tp://w w w.youtube.c om/watch?v=eoF5ccOx_rU

    14 x denarius = 1 oz troy 9999 silver, 1 silver dime 90% silver = 1 Denarius just about

    So actually that's a good deal for a dime

  • Good thing they listened to this guy's advice ...

    except they did precisely the opposite and destroyed everything.

  • Mr. Seidman, was the grandfather we all wish we had....and he was our nation's grandfather who was wise and calm and assuring in the storm of confusion, his spirit will live on.

  • God Bless Bill Seidman

  • AGREED!

  • the money have to went somewhere??? Saying its a global crisis is odd.

  • I complained Bush's out of control spending, I still do with this bail out. Obama has planned trillions in spending when you include Nationalized Health Care.

    His 2 options. 1,.he will increase national debt, blame the increased on Bush's spending. 2 he raises tax greatly 2 pay for these programs. Hows Obama's plan for 2.5 million jobs, paid for with tax $

    creats jobs? He said create & save jobs. So saving a job is creating it? The government doesn't create anything

  • The foundation of the coming depression is being completed. Trillions in bailout debt is being cemented in place - when the recovery fails to materialize it will be obvious that we have doubled down and increased the depth of the calamity a hundred fold.

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