on Precious Metals
Overdose: The Next Financial Crisis. Published July, 2010. Duration:
46:22. Dated, but still very relevant. Other videos from same poster
US Debt Crisis Global Economic Collapse. Published 8/10/2011.
Old, but still accurate. Uncle Sam gets $2.2T in taxes but spends
$3.8T. The difference is made up through debt (called bonds).
David Stockman on U.S. Fiscal Policy, Deficit Talks. Posted 12/19/2012.
Also comments on Japan's collapsing bond market near the end of the
Prison labor booms in US as low-cost inmates bring billions. Posted
12/9/2012. US breeds a Chinese-style inmate labor scheme on its own
soil. Both state and some of the biggest private companies are now
enjoying the fruits of a cheap and readily available work force, with
tens of millions. See, for example, unicor.gov
How Raising Taxes Will Not Balance the Budget: More Evidence.
Posted 11/15/2012. Although it may seem counterintuitive, raising
taxes on the rich does not actually increase the amount of taxes the
government collects. In the six+ decades since the end of World War
II, tax rates in the US have been all over the board. Yet during this
time, the US government has only managed to collect roughly 17.7%
of GDP in tax revenue. See also: Guess
What They Are Not Cutting In The Fiscal Cliff.
Ron Paul: Secession Is an American Principle. Posted 11/13/2012.
Pledge of Allegiance was written in 1892 by a socialist.
Is a college degree worth the cost? You decide. Posted 11/13/2012.
Graduates with degrees in mathematics, robotics, neuroscience, engineering,
accounting, business administration, economics, biology, communications,
graphic design, marketing, and linguistics. All working at a night
club to make ends meet.
Dont Talk to Police. Posted 6/21/2008.
What Can We Cut to Balance the Budget. Posted 10/16/2012. Excellent
video (2:22 seconds) describing the 2011 Federal Budget and the dilemma.
Frank Giustra Speaking at the Canaccord Resource Conference. Posted
10/20/2012. Giustra is a billionaire.
James Turk: 'Everyone should have a precious metals portfolio'.
Posted 10/3/2012. Discusses the gold/money index and over $10,000
gold price to reach an overvaluation for gold. Notes that the gold/petroleum
ratio has essentially remained constant over the years.
Cut & Bleeding: Austerity-bitten Spain stands up in fury.
Posted 10/1/2012. Mass demonstrations in Madrid turned to violence
earlier this week, as police were forced to fire rubber bullets to
calm the fury of the public.
The Fuse Is Lit, Pt II: Asian Ascendance. Posted 10/1/2012. Excellent
analysis if China's economy and predicaments relative to the United
States. See also the first video: The
Fuse is Lit: European Perils.
A word to rioting Muslims. Posted 9/20/2012.
The Truth About Dishonesty. Posted 9/14/2012.
Dalio On Gold: Buffett Is Making A Big Mistake. Posted 9/20/2012.
CNBC interview. Dalio runs the biggest hedge fund in the world. Discusses
future social unrest and belief in gold.
Keiser Report - with Jim Rickards. Posted 9/20/2012. Rickards
summarizes the current state of affairs with QE to infinity, the euro
and the gold standard. Very informative. Rickards predicts $7,000
gold at some point. See Dollar
Reaches Pre-Avalanche Moment; Gold $7,000, Jim Rickards
US arms sales spike to record levels, Gulf leading buyer. Posted
9/16/2012. U.S. arms sales have tripled from 2010 sales. Half of the
increase has been to Saudi Arabia.
Video) Former Chairman and CEO of Wells Fargo Bank Dick Kovacevich
lays out what caused the 2008 financial crisis. 9/12/2012. Five
safety valves (and checks and balances) failed, leading up to the
2008 financial crisis: (1) credit agencies, (2) Fannie and Freddie
(70% of the mortgages were guaranteed; no one would have bought if
the government would not back them up), (3) SEC (i.e. the regulator
for the credit agencies), (4) regulators, and (5) state regulators
for the mortgage brokers.
The Bond King: Buy Gold, Not Bonds. Posted 9/10/2012.
Bloomberg video. Amazing to hear. "[There's] a diminished or
dying cult of both bonds and stocks from the standpoint of a belief
that they can return 10%....Gold can't be reproduced. It could certainly
be taken out of the ground in an increasing rate but there's a limiting
amount of gold....Gold is a fixed commodity that has a considerable
store of value that paper money has not....When a central bank starts
writing checks and printing money in the trillions of dollars, it's
best to have something tangible that can't be reproduced, such as
gold....Gold ... is a better investment than a bond or a stock, which
probably will only return a 3 to 4 percent return over the next 5
to 10 years."
Full Interview With Billionaire Frank Giustra. Posted 9/3/2012.
Excellent interview. He's a heavy investor in gold and farmland, besides
his core assets in mining, entertainment, etc.
Chris Hedges on "Days of Destruction, Days of Revolt".
Posted 5/11/2012. Authors set out to take a look at the sacrifice
zones, those areas in America that have been offered up for exploitation
in the name of profit, progress, and technological advancement.
Chris Hedges on "Empire of Illusion". Posted 3/22/2010.
Corporatism, inverted totalitarianism, destruction of the manufacturing
base, cannot distinguish between the real and illusion (i.e. Hollywood's
ability to create the pseudo in place of the real), destruction of
personal wealth, destruction of our financial system, tremendous debt,
borrowing to sustain an empire and lifestyle we can no longer afford,
celebrity culture, reality programs with false ethics and morality
(i.e. promotion of me above others), we are throwing tons of money
on a system that has already failed, psychologists used by the military
to break souls, America is functionally addicted to war, military
complex has has largely destroyed the domestic industry, foreign aid
is mostly used to buy U.S. military weapons, etc.
Greg Mannarino Interview: People Are Going to Suffer on A Biblical.
Posted 8/19/2012. Greg Mannarino, a former Bear Stearns floor trader
in the mid 1990's, says, "The global debt bubble is the biggest
in all of mankind, and every single one has burst in the past."
Greg Mannarino is a rising star on the internet for his YouTube commentaries
regarding the ongoing financial crisis. He predicts, "I am certain
we are going to see violent crime erupt on a global level."
Michael Burry Talks Investing in Farmland Real Estate. Posted
Michael Burry the 8.4 Billion Bet. Posted 10/24/2010.
Energy Expert Byron King on Peak Oil, Natural Gas and Rare Earths!.
Posted 6/14/2012. Excellent interview.
Still Report #45 - Bill at Philly - Bill Still. Posted 5/28/2012.
Excellent presentation on flaws with a gold standard and other important
monetary issues. Bill Still proposes (and has been proposing) the
control of the monetary system by the people and not the FED or any
private institution. He believes the federal government should be
prevented (by a Constitution amendment) to get into debt or support
a fractional reserve system. Thus, the federal government would have
no debt, there would be no interest payments on debt (since there
is no debt), and banks would not be allowed to lend more than they
hold (no fractional reserve system).
Fake Numbers. Posted 5/7/2012. Discusses the magnitude of the
distortions in government GDP (Gross Domestic Product
= private Consumption + private Investment + Government
spending + (Exports - Imports)). Distortions occur in
Imputations (16% of non-commercial activity). In the 1960s
and earlier, GDP was not used but rather GNP (Gross National Product),
GNE (Gross National Earnings), and NNP (Net National Product). The
GDP includes Government Spending but does not subtract Revenue (i.e.
Taxes, Licenses, Fees, etc). Investments equals "Stock Investments"
which was one-third of GDP last quarter. That's why the FED puts so
much effort at keeping the stock market up. There is a HUGE distortion
in the "private Consumption" component, in that it constitutes
the overriding (71%) share of the equation. It doesn't make sense
to consider 71% consumption as economic growth. Also, the formula
does not take into account when *both* Exports and Imports are falling--i.e.
there is no net change when in fact economic activity is decreasing.
Hedonics (e.g. ABS brakes were originally expensive, but in
time the dropped in price, so the government adjusted inflation downward).
In Substitution, if a price goes up, then change to a lower priced
item (e.g. Chicken for Steak, or a Compact Car for a Family Car, if
the Family Car went up in price).
Why You Shouldn't Trust the BLS Number. Posted 5/2/2012. The BLS
( Bureau of Labor Statistics) unemployment percentage number are based
on a Census Bureau survey of 60,000 households sent by mail, with
probably half of respondents used for the numbers. In other words
the unemployment percentage number touted and argued about endlessly
is the result of 30,000 responders out of millions of households.
How accurate can that be?
No U.S. economy in 2027. Posted 3/26/2012. Secretary Timothy Geithner
admits to it on video before a government committee hearing.
Ellis Martin Report with Jim Sinclair and the Nuclear Economic Trigger.
Posted 3/19/2012. James Sinclair outlines not a scenario but a reality
that is here now. The US has pulled the nuclear economic trigger on
India and Japan in the interest of coercing them to cease trading
for oil with Iran. The gun is actually pointed at ourselves. Listen
and hear why the dollar is ultimately doomed as these countries now
look to the Yuan and Euro as a trading tool instead of the dollar.
Thats India, Japan, Russia, China, Europe, etc.
The Vote Pump. Posted 1/27/2012. Excellent video describing how
much the federal government receives in taxes and spends.
Your Wages Will Be Cut In Half! Posted 1/20/2012. The text for
the video is here.
Expecting inflation to 20% in less than a year.
One Hundred Million Dollar Penny. Posted 12/13/2011. If a penny
was worth $100,000,000, how much could you buy?
Mohamed El-Erian tells us that he believes QE3 is coming and that
the Age of Credit is at Risk. Posted 1/13/2012. Interview with
El-Erian, gives good summary and many layman-level terms to describe
the world financial condition. To skip the very long intermission
at around 13:15, click here.
Three Scary Sectors for 2012. Posted 1/3/2012. CNBC interview
with Reggie Middleton. Explains the problems with F.I.R.E. (Financials,
Insurance, and Real Estate) going into 2012. Mentions Bank of America's
In Depth with Author and Journalist Chris Hedges. Posted 1/1/2012.
Three-hour interview Pulitzer-price winning news correspondent and
author worth listening to. Topics covered include the economy, terrorism,
religion and politics. He believes the great evil in the world's economies
is corporatism in all its forms.