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Don't Panic! AIG is teetering AGAIN...

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Uploaded by on Feb 24, 2009

Feb 24, 2009

AIG in talks with Fed over another bail-out:
http://www.ft.com/cms/s/0/73a1a154-0209-11de-8199-000077b07658.html

Dow sinks to 12-year low on fears for AIG:
http://www.independent.co.uk/news/business/news/dow-sinks-to-12year-low-on-fe...

Chocolate Covered Cotton:
http://www.dailykos.com/story/2009/2/19/05524/5446/499/699191

Nomura seeks ¥302bn in new capital to shore up balance sheet:
http://www.independent.co.uk/news/business/news/nomura-seeks-165302bn-in-new-...

Citigroup shares rebound as prospect of US Government takeover recedes:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_f...

Burglars target Man Utd star:
http://www.independent.co.uk/news/uk/crime/burglars-target-man-utd-star-16304...

Beware prophets of doom the numbers don't stack up
http://www.telegraph.co.uk/finance/personalfinance/investing/4787201/Beware-p...

Table A-12. Alternative measures of labor underutilization
http://www.bls.gov/news.release/empsit.t12.htm

Shadow Stats 'Alternate Data':
http://www.shadowstats.com/alternate_data

Dollar falls on US Government Citigroup plan:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_f...

BTW Copper price is dropping again, looks like it was just speculators rushing in...
http://www.kitcometals.com/

Copper Falls After U.S., Asian Stocks Tumble on Recession
http://www.bloomberg.com/apps/news?pid=20601009&sid=aTyimCCPv06E&refe...

Growing stocks of unsold cars around the world:
http://www.guardian.co.uk/business/gallery/2009/jan/16/unsold-cars?picture=34...

Hey - remember Lindsay Williams predicting Dubai as a 'ghost town' in July? (Search 'Ghost town' on the page)
Laid-Off Foreigners Flee as Dubai Spirals Down:
http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html?_r=2

High-Rolling Dubai Economy Comes Down To Earth:
http://www.npr.org/templates/story/story.php?storyId=100812017

Check out his latest predictions on Alex Jones: (be sure to listen to the other ones; but this one deals with Europe)
http://www.youtube.com/watch?v=DZO0xr5q-5w

Peace

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Uploader Comments (FeverIAm)

  • Thanks Mike! Always appreciate your insight and great videos!

  • Thanks! Love to hear about my viewers - so drop me a PM. :-)

  • Yes, we do want to see your scrawny little chest !

  • Oh dear, guess I shouldn't have mentioned it ;-)

    Well who knows - maybe my "Mike on 6 tins of red bull" video will feature partial nudity LOL

    Thanks...

  • there are farmers out there that have land that they cant afford to plant, if people ban together you can help the farmer and yourself, by pooling your money to grow vegetables, find hundred acres, people are doing this right now, start your own eat good.

  • So true - in canada too! We've sold off land to the chinese ffs!

see all

All Comments (156)

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  • Why do we blame on CEOs and lenders when we are just as greedy. We don't have much money but we want to buy everything. I hope we'll learn how to live below our means because we won't be able to buy in a few months.

  • hi moniequa, i hope we are not all completely dead financially or else its all over. But your concept to just buy buy and not make any products is dangerous. This is what happened when the BILLIONAIR ASSet-HOLES CEOs sold all of the working peoples' jobs over to Asia etc..

    Well guess what>>Asia doesn't need North America anymore because they make everything now.

  • If it is not a joke why do people continue to spend like there is no tomorrow. Home and Garden show, 35000 people showed up and bought shit for their home improvement. I think we should buy buy and buy but don't work or produce anything.

  • but the only problem is this is not a joke.

  • you're so funny, go and buy yourself a new home and stop wining.

  • AIG is teetering alright! LET THEM 'totter' ALL THE WAY TO HELL>..... THOSE GREEDY SELFISH BILLIONAIRE CEO BASTARDS... I HATE THEM ALL!!!!!!!!!!!!!!!!!!!!

  • besides many american still

    getting high salary.lol

    hahahahahaha funny

    is that american capitalism????

    exactly USA had beaten RUSSIAN

    communism.

    but next is american.

    u american must bow politely to chinese

    and ccp.

  • USA and AIG aimed at asian savings. asia isn`t a card society unlike usa and has the high savings rate. so they developed the business in asia. but AIG got a same way as BIG 3. their damage was too huge. but they must return the money to many many asian. therefore USA must help AIG.lol USA = GAME OVER lolololololol congrats!
  • Dude may want to drive a rake over his lettuce before leaving the house.

  • And the FED has a prob as it bailed out AIG , crazy stuff .

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