George Talks About "The Recovery" and Signs of Inflation: What are you thoughts?

I didn't get much sleep this weekend and look terrible in this video. Sorry. I've been stressed about some personal things. I wanted to address some thoughts I had about the recovery and what I'm hearing on the ground and check that against a historical reference point. What are your thoughts?


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[krickification]

paper money> >bubble>>recession>> >stimulus>>inflation>more stimulus>>hyperinflation>>pric­e controls>>shortages>>bank runs>>riots>>troops on your streets>>martial law>> camps

wash ,rinse, repeat...

[alycephoto]

@consdel2000

Some signs of economic collapse & possible currency meltdown:

1. Rising oil prices

2. Commercial Real Estate defaults

3. Pension Collapse

4. State fiscal collapses

5. Collapse of Eastern European countries or other countries to spur contagion

6. Retail struggles

and of course, residential mortgage defaults & high unemployment

[rockstarofredondo]

Be a freegan. Take advantage of free shit every time you can. Dumpster dive for perfectly good food that grocery stores toss. Look on freecycleorg if you need new clothes or shit for your house. Mend old shit instead of buying new. Look for coffee shops having free coffee day, look out for coupons that come in the mail offering free food at restaurants with no purchase necessary. Put your phone on vacation hold. Travel by bike so you don't buy gas. Very possible to survive w/out a lot of cash.

[rockstarofredondo]

@druco2003 Haircuts cost money. George is trying to live the life of a freegan. Good on him.

[mattja52]

George, I see the same things you see and I am fearful. My fear comes because of responsible people in positions of power, blind, deaf, and mute. Everything is all right, we are in a recovery, don't pay attention to those doomsayers. We are the experts, we know better, WOE, upon us !

[frenteperiodistico]

George

Why don t you get out from California State? Here in Washington, DC is a little better about jobs. I found a permanent jobs, thanks God and I recommend to move out from that crap state.

[druco2003]

dude get a hair cut!!!!!!! but good info yo!!!!!

[brothermikefan]

The movie is called "Meltup."

[joeyjupiter77]

BUM!

[Mrsfaithful4eva]

there want be anywhere to hide. there a saying you can run but cant hide. they say got milk. But i say you got Jesus.hes the only way.

[aspenmogul]

@TheCashistrash The FED is boxed-in this time. They cannot raise rates. In 1981, rates hit a high of 18.5%. What happened over the next 30 years? Rates dropped and wages rose... creating a perfect bubble. But again, rates CANNOT be raised this time, or they WILL crater an already vulnerable housing market. Prediction; expect home prices to slowly rise in sand belts, but watch as prices fall throughout the rest of the country in the coming years (20% plus).

[TheCashistrash]

George look in wikipedia Early 1980s recession you will find a report showing similiarities with the savings and loans scandals. Very similiar to what we have today. The only problem is in todays economy we will not be able to raise interest rates to 20% like we did in the reagan years.