4/20/2009 Economic Update By The Man Who Predicted The Collapse: Negative Interest Rates?
PhilDeCarolis
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FOR EVERYONE who FOLLOWS JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL… I just always go to financialtruth0.blogspot . com because they post all the latest videos there! Thanks for uploading this vid anyway!!!
There is no such thing as the free market. It does not exist and it never will. LOL. You will witness the greatest wealth transfer in human history and the most amazing thing about it that you all believe everything that the jew, peter schiff said.
HAHAHAHA!!!!!!!!
Look up: We Didn’t Start The Crisis
(It’s a music video parody of the economic crisis)
People will start taking out theyr deposits and spending it and all that money will enter circulation and inflation will shoot up very quickly, and that will increase further the velocity of money.
right so what di we do now. our opition are wait a minute we have none we need to kick them out take most that are in power out and find new people to take their places
They call for a recovery because that is what they do. Bush, Paulson, Bernanke were saying we had a strong fundemental economy when we were at the tip of the iceberg about to fall. You cannot listen to anyone in the mainstream media either, they know nothing and are very ignorant. CNN has some cocky arrogant stupid bitches.
If youre searching for truth you’ll have to sift through alot of bullshit.
take your money out of the bank very good idea. if the banks go under they will not have the money then, by a big strong safe and keep your money in your house
u should use b for d but well done for the rest
So I’ll be paying a percentage of my savings to the bank?
That’s almost forcing me to not have my money in a bank.
This would cause a run on the bank. People would see that they’re losing money and rush to the banks to take their money out.
I mean, other than further undermining the free market system of people having their money in the bank and the bank lending out the capital to businessmen, the government would be inciting riots.
This isn’t good.
Thank you Mr. Schiff
These retarded Keynesian economists are suicidal, I read some where that if the American govt prints just 10% of their debt the gold at 5000 would be conservative.
Peter Schiff, another prescient Australian economist that you were interviewed with on Australian Dateline is much the same as this Gregory, his name is Steven Quinn, although much of what he says is right, he believes inflation is the answer to the so called danger of deflation.
Fuck I’m glad i own gold and silver
FOR EVERYONE who FOLLOWS JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL… I just always go to financialtruth0.blogspot . com because they post all the latest videos there! Thanks for uploading this vid anyway!!!
Man like Peter are so rare. He makes me proud of being an American, and with people like him, we can start again and create a new America. Yeah, I agree with hostiliscivitas to have a nationwide protest rally, because the fed is a private organization which is looting our nation.
END THE FED!! Rallies set nationwide Saturday April 25th. Meet-up at local Federal Reserve buildings at 11am…Be there!!
I’m not an expert and I’m trying to figure everything out. I know hyperinflation is an issue but I’m hearing Peter on on side saying doom doom and then there are others on the other side saying recovery end of 2009. Now I have been studying econ to try and figure this out and I’m more inclined to see Peter’s point of view. Now, why are people calling for a recovery at the end of this year? From what my brother tells me, the housing market is still down and we can’t recover until it stabilizes.
Everything the Federal Reserve does is taking the US closer to hyperinflation and Peter knows this. At least he is warning Americans about the biggest crisis that will ever hit the US. Those who don’t prepare now will be broke. Read the articles and signup for the free newsletter at: Inflation . us
this guy needs his own island. i would live there
Every1 i know completely ignoring the danger of inflation. Especially the so called professor of my university. They know it’s coming but they have no idea of the danger it creates. They HAVE NO IDEA! They think the U.S economy is bulletproof and continue to believe tomorrow is always a better days. They are so wrong.
Why didn’t Zimbabwe think of that?
I agree.
I don’t buy a single word Jamie says.
JPMorgan is way over fuckin valued, it’s over $100 billion in market cap and has i beleive half of the worlds Derivatives or something like that.
JPM only made $2.4 billion. The way CNBC treats Jamie (like a god) you would have thought they would have had better earnings.
To go off on what I said, we had a rally for two reasons:
1) oversold market. We went down to the 6500 level way too fast. You can see this by looking at a chart of the DOW and the other markets.
2) Financial stocks led the charge: we saw AIG, FNM, FRE, C, BAC, WFC, etc all double, triple, quadruple in value over a month or two.
Yes, they were oversold as well, but they are INSOLVENT. They severely overextended, and it’s just time for them to suffer the consequences of bad practice.
sdrawkcab gnihtyreve od deF eht & tnemrevog ehT
This is why the stocks fell sharply today (BAC down 25%, C down 18%, etc.)
I think people are smelling the bullshit of all this, and something tells me this bear market rally could be coming to a close.
Total credit exposure to derivatives (percent of its risk-based capital):
Bank of America`s 179%
Citibank`s was 278%
JPMorgan Chase`s 382%
HSBC America`s 550 %
And wait the grand finally:
Goldman Sachs 1,056 % or more than ten times its capital!
JPMorgan “healthy” BULLSHIT
JAMIE IS A LIAR. I know hes losing a lot on the Bear Stearns deal.
Buy FAZ