Crisis Update 23 Feb 2009 Financial System failure ahead
Sunday, October 4th, 2009 at
1:14 pm
Most likely the trust in a market recovery is going to disappear. The Obama administration has failed to deliver on its promises and markets have been under extreme stress. It is time to prepare for times in which banks become disfunctional
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what a great video.. i had my attention from the very start.. i couldnt take my eyes away and thats alot to say cause i get bored easy haha
Thanks. I was speaking to an economist today about deflation/inflation argument. His argument was that we have no chances of inflation because the market downturn is different to the past. Banks are not lending and that will remain and quantitative easing has no impact on inflat. He reckons the situation is just like Japan. People need to save and so there is always downward pressure on prices. He think banks will only lend to credit worthy people and that will prevent inflation. What you think?
Strongly disagree. Don’t believe that nonsense.
First, Japan was the largest Creditor nation at the time of its RE bubble; the US is the World’s largest Debtor…
Second: Japan had one of the highest account surplus at the time; the US has the largest account deficit…
Third; Japan owe the debt to itself (citizen) and the deflation was very mild (-1% per year). Nothing like the great depression.
Again at that time we were operating under a Gold Standard.
Plan for INFLATION and lots of it.
they already build 14 new ones on the mainland.
Regarding Obama: “Nothing have changed”?? Bullshit. You did`nt think he was going to close it down the same day he took office? He has started the prosess to close it. and it will close. That has changed. Afghanistan: Obama said during all his campain that he would strengthen the US presence there. He cut taxes for lower income, but increase for higher income. The Bush adm trhew money away – that will stop and Obama will make things more effective and less expencive. Everything is changing.
the FED want people to think that things are getting more expencive but thats not true, whats really happening is our money is losing value, so therefor it takes more of your dollars to buy things today than it did yesterday.
so you ask how does our money lose value? By printting more money our dollar becomes more devalued. but why? becuase starting in 1971 our money is no longer backed by gold. They dont say lets devalue money they say lets INFLAT it so it dont sound so bad.
Obama will save the world… everyone knows this.
Anyone who doubts the purity and wisdom of our lord Obama shall be EXECUTED BY FIRING SQUAD.
Dogs and cats will live together in peace!
Money will grow on trees!
Thai brides will be provided for every man!
Yes Obama….Obama…..OBAMA!…Brzezinski?
Well, you`re good on ironics but thats it so far. I have never said Obama will save the world, etc, but pointed out the fact that JB was wrong when he said these things was the same. They have changed or are changing in a orderly pace.
He makes a good point in saying that nations that import most of their goods (USA), will be hit hardest. At one time Americans consumed everything that was produced in their country. Now, America is very dependent on foreign production.
OMG!!! Thats it! Frank and straight to the point. I have already stocked rice up over a year ago, gonna start perparing more now.
WOW! You are a moron! SO! by printing TRILLIONS of dollars this is going to make things less expensive (notice i spelled it correctly) Cuts on the lower income ? 13 bucks!?? WOW! And let me tell you …when he taxes a company, the consumer pays that tax… so….LOWER income!! learn something before you post obama talking points! its BAD CHANGE! you will open your eyes one day!
“Doom and gloom” …. not really have a look at the Dow Jones index going back to 1929 … ‘ those who don’t remember history are doomed to repeat it ‘ The US has problems but its just a revaluation of the excesses of the 1980′s to today … one generation … we’re going back to value over image as opposed to the opposite … learn how to spot value and you’ll be o.k.
By the way it was a war and deficits that brought the prosperity of the 1950 and 1960 in the US … ironic and history !
Oh wow, it’s march 2009 and the currency system is still going. 1 star.
What’s your problem ?
This “financial crisis’ was artificially created my friend. Wake up and smell the coffee. Dont be left in the dark like all the dumbasses that where cheering and crying and hugging each other on election night. The Federal Reserve is responsible for most of this and our crooked ass govt ran by a wall street oligarch. Wake up.
yeah you keep believing that krap. Wake up you idiot.
Thank you my friend. Its good to know that you didnt drinkthe Obama Koolaid.
Thanks for not drinking the Obama Koolaid.
Please enlightened me, Mr Bright ass. Another freak that has not been outside the house because you believe that this is judgement day? Maybe you have dug yourself a hole in the ground and bought yourself a gun to protect yourself? Freak.
As usual the doom sayers do not say what is necessary to solve the problems and what policy changes are needed for the future. Two things: first,shift of taxation of the earned incomes from the real economy, labor and real capital investment, onto community created land values. Second take back creation of money control of credit to the treasury ad reduce the Fed and other central bankers to their proper role of overseeing how banks lend publicly supplied credit and savings of the people.
its August nothings happened!
someone got a lot of cheap shares
The financial already has collapsed and is looking at it’s insides on the outside, kind of like a prolapsed asshole! XD ! But the problem is the stock market is pumped up daily, on television to give the effect of growth, when in fact, look around yourselves, nothing is getting better! Everything is debt, debt, debt!
You have businesses popping up, (ie) debt consolidaters, chasing the money they already lost, losing money at a high cost, with the dream of helping you chase the money you lost, with the cost even higher! XP! Damn, I wish another industrial revolution would show it’s face
oh you say nobody says whats necessary to solve todays problems “ourearthhome”, well here it is, not very promising at first, but WW3, and the AMERICAN INDUSTRIALIST WAR COMPLEX, will have to supply and kill 1/3 of the world to resolve debts incurred throughout the past few years. So what I’m saying is America herself will become a worldwide man/woman/child killer, or AMERICA will be killed by way of DEBT!