BREAKING POINT, American dream on life support

The breaking point for the American consumer is imminent.

http://www.FutureMoneyTrends.com
Wild Card Scenarios that would bring about a collapse in weeks, not months.
1. Attack on Iran causing oil to soar past 250 dollars a barrel within 72 hours.
2. Hurricanes damaging refineries causing gas to soar past 6 dollars within days.
3. China or other nations causing a run on the dollar.

* These are the most likely wild cards, obviously there are many more.

Data for Video

http://online.wsj.com/article/SB121236060176236293.html?mod=todays_us_page_one
Foreclosures just keep rising

Silver Manipulation
http://goldmoney.com/en/commentary/2008-05-22.html

Mid summer dollar crisis, what we need to see
http://goldmoney.com/en/commentary.php#current

Mr. Mortgage, un real stats
http://www.youtube.com/watch?v=t997hlTqepw

Hurricane could kick it off
http://www.breitbart.com/article.php?id=D912OOLG0&show_article=1

Credit Card use surging
http://www.cnbc.com/id/24948627

Housing getting worse
http://biz.yahoo.com/ap/080605/home_foreclosures.html?.v=6

dry run for marshal law
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/04/AR20080604022...

Category:

Education

Tags:

• Oil
• Gas
• Barack
• Obama
• Iran
• Stock
• market
• dow
• jones
• Consumer
• credit
• cards
• recession
• depression
• unemployment
• dollar
• collapse
• penny
• stocks

[strat1163]

justanothergreysky: Are you an idiot? This guy has predicted almost every economic downturn since March of 08: The price of gas will increase to 4 dollars in "60 days".. the downfall of AIG, the mortgage crisis, falling NASDAQ and stock market, Unemployment is huge and increasing to 5%. I'd say that he is pretty close with his predictions. Made me "wake up" and take notice for his predictions for 09.

[visionvictory]

thx for the comments

[justanothergreysky]

I'm going to call BS here. You just claimed... that food and gas prices were at a "breaking point" but are still lower than any other industrialized nations in both regards. You claimed gas would be astronomical by September.. well.... You claimed that consumer spending is down, which isn't true. You claimed a housing "disaster", but a similar housing slump has happened EVERY 18 years since the 1600s. Your smug approach and grossly inaccurate facts leads me to dismiss you out of hand.

[justanothergreysky]

The only thing I can agree with you on is that the dollar will be lower in a year than it is now, but it won't be "worth nothing" as you just claimed in this video. Gas over $6 per gallon and people stop going to work? that's absolutely absurd. Gas has been about $6.50/gal in Canada with similar structure in their cities. It has been almost $10/gal in Europe. You just made no less than 15 patently false statements and 4 extremely smug and incorrect predictions. Nice try....

[visionvictory]

You know so much that isn't so.

Average European drives 3,000 miles a year and gets 40 miles per gallon. The average American drives 12,000 miles a year and gets 21 miles per gallon. Gas hits americans a lot harder.

All of my predictions have been correct, two weeks after this video I changed my call from this video and said oil would drop up to 40% before making new highs.

Comparing this real estate collapse to others shows a major lack of knowledge.

[visionvictory]

Consumer spending is down, what are you talking about?

[barbiedoll737]

Your efforts at bringing the truth about the economy out into the open is very much appreciated. Please keep it up...

Barb

Michigan

[landongendur]

A Canadian newscaster referred to the United States' economy as being on life support tonight... talk about deja vu!

[Antiks72]

LOL Ron Paul. Austrians are on crack. Peter Schiff is a moron too.

[ethanmarion]

The Ron Paul sticker says it all. Not that I don't heat you but lets stick to reality here bro.

[rchandraonline]

You, my friend, "get" it. Too bad the rest of the country didn't. You talked in this video about rising unemployment in the 5% range; as I type this, it's a lot closer to 10%. Good luck. We finally SEEM to be crawling our way out of it.

[triton115]

It was killed off by the Communist Manifesto when Karl Marx and Friedrich Engels took over the world and all of humanity.

[rextony22]

what happend to american dream in 1848?

[pretorious700]

Didn't Best Buy go out of business since this vid? Good call Daniel

[pshinspections]

Hey fucker, some of us make money regardless of the stock market. Kiss my ass in the crack while I shit down your throat.