By Admin on Apr 28, 2010 in Financial Services
On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation
Great video, I subbed.
MusicMyLife2112 | Apr 28, 2010 | Reply
OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won’t be able to satisfy physical gold and silver delivery
They will use an escape clause called a “Force Majeure” to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209%. (source: Jesse’s Cafe Americaine)
407buddy | Apr 28, 2010 | Reply
So does property in Japan look like a good investment at the moment?
Brainman94 | Apr 28, 2010 | Reply
the problem isn’t in the system, the problem is with the people who bought more than they can afford from the banks who knew they couldn’t afford it.
anisiaram9 | Apr 28, 2010 | Reply
True, you can’t take it with you, but put it in the bank where it should be. Put it in a tax free savings account. I put 5000 dollars in buying gold and I more than doubled it in 6 months.
Zorrachus | Apr 28, 2010 | Reply
Nice work. keep it up. mean time come for social media marketing for esteembpo**com
rndllhllw | Apr 28, 2010 | Reply
Nice work. keep it up. mean time come for social media marketing for esteembpo**com
parksjan | Apr 28, 2010 | Reply
The builder need a bank loan to do so as well, it a bigger loop then this!
wildnutria | Apr 28, 2010 | Reply
Tell it to the people who just crashed on the plane in Buffalo. Your life sentence or ticket can be canceled anytime. I have some silver and gold put up, but believe me I try to enjoy the now as much as possible because nothing but now is guranteed my friend.
BTW tell it to the folks who invested with Bernie Madoff, I think they themselves would call their investment “foolish”
Your wealth is an illusion that can disappear like most illusions do.
valhala56 | Apr 28, 2010 | Reply
you speak foolishly, grasshopper (as in the ant and the grasshopper who also just wanted to enjoy now and suffered for it later)
ITILII | Apr 28, 2010 | Reply
i think your trying to grasp these questions sir but your very muddled. i think you have a lot more research to do in order to understand “the system”. your on the right track but have somewhat to go yet. keep trying
daveextra | Apr 28, 2010 | Reply
thehelpfund.blogspot
mannyfeseha | Apr 28, 2010 | Reply
I think he
JIZZED IN HIS PANTS.
MachApocalypse | Apr 28, 2010 | Reply
thehelpfund.blogspot
mannyfeseha | Apr 28, 2010 | Reply
I have just subscribe(12/9/08) to your videos, great great content. Keep up,you’re truly a gifted being.
Are you a motivational speaker? You definitely have me motivated.
mimiwewe01 | Apr 28, 2010 | Reply
you know whats going on, DO SOMETHING!! ‘support the bank and homeowners protection act’ propose it to your local government no matter where you are!
FATCACAK | Apr 28, 2010 | Reply
Great video! Thanks. Total support!
Leshyj | Apr 28, 2010 | Reply
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren’t so greedy they would not be in this situation. Most of them didn’t even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
tellthetruthh | Apr 28, 2010 | Reply
coffee is gross
shellysmistik | Apr 28, 2010 | Reply
Lorax, you people with money make me laugh. Putting a little cash in reserve if you can afford is great but you greedy folks think your going forever. You can’t take it with you. As you well know with Peak Oil & the current geopolitical situation, everything can go to hell in a handbasket very quickly or over night. My suggestion is enjoy what you can now, cause either there will be no tommorrow or it will be so bad that some trinkets of gold/silver will not soften the hard landing we will see.
valhala56 | Apr 28, 2010 | Reply
Holy shit 15% inflation! At that rate in 5 years prices will have doubled. Even at 10% inflation in 7 years our dollar will be worth 50% less than it does today. That percentage is not substantial. In 50 years at 10% interest a gallon of gas will cost about 448 dollars and then 7 years later it will cost about 900 dollars a gallon. And I thought 3.50 was bad. Woodrow Wilson is indeed our worst president ever. We have to destroy the Fed before it’s too late. You just made me support Ron Paul.:)
tegalans | Apr 28, 2010 | Reply
I agree that cutting interest rates is an inflationary move, but can they cut interest rates below zero? It will come to a point where they will have to raise interest rates, thus causing deflation. Also, owning something of value isn’t a very good idea in a deflationary environment because next year, that “item of value” will be worth less, at least in dollar amounts. If a deflationary depression happens, gold, oil, houses and cars will all plummet in price. I agree with most of the video.
blackiswhite1111 | Apr 28, 2010 | Reply
i would define “thing of value” and Au, Ag, pt, pd because these are not taxable
psbyowner | Apr 28, 2010 | Reply
hmmm no more m3.
psbyowner | Apr 28, 2010 | Reply
thanks that clarifies alot.
deflation it is?
psbyowner | Apr 28, 2010 | Reply