Loading ...https://www.youtube.com/watch?feature=player_embedded&v=daH2XJ9zS-U
Good summation of where we are today in this corrupt financial system. About 12 minutes
SITUATION CRITICAL: Debt From Thin Air, Economic Meltdown. By Gregory Mannarino
https://www.youtube.com/watch?feature=player_embedded&v=vO7WJdHnFwc
redneckokie1 @ 0:26 and Ororeef @ 1:34 Good Morning Cousin and brother
RNO, you said “You can be stupid your whole life and be a genius just once and be successful.”
I hear you loud and clear. It also works the other way around.
You can be a genius your whole life and be stupid just once and be a failure!
Well, I never claimed to be a genius but I have been a winner many times in my life simply by working a little harder and longer and smarter than anyone else. I got a good piece of advice from a mentor in my youth. He said “there are two ways to live your life successfully. One is to owe for everything and own nothing. The other is to own everything and owe nothing. Either way can give you a very successful and enjoyable life; it’s when you mix the two that you make yourself vulnerable to failure”.
I chose the second, always owned everything and owed nothing and it has been a most wonderful life….but I didn’t drive a new shiny Cadillac or live in a fancy penthouse like some of my grasshopper friends who never owned much of anything and owed for everything…..and yet they had wonderful lives too.
My point is that my mentor who gave me the above advice was forced to violate his own advice, ended up borrowing against his ranch he had always kept out of debt, trying to hold his logging business together so his employees didn’t lose their jobs; then due to a downturn in the local economy, defaulted on the mortgage and lost it all.
That’s kinda where I see our countries right now. They have vast wealth in land, natural resources, and technology, but they have been forced to borrow and borrow and borrow until they can no longer afford to pay even the interest on their debt. In other words they have combined the two and they are going to lose it all in the end. All this monetary finagling is only forestalling their bankruptcy a little longer.
Ororeef, IMO you are exactly right. All it amounts to is a reverse split where you own half the shares for twice the price. The difference though is that in the past it has only been this country or that country who has defaulted on their debt and had their “reverse split”. This time TPTB have set up the whole world financial systems to default….so they can usher in the New World Digital Currency. That is why they are calibrating all these countries monetary systems to some prearranged exchange rates….so when their calibration is finished all countries will be forced to accept what is offered them…. A one world currency. I am NOT for it, nor are most who know it is coming, but since all countries have been forced into bankruptcy by the corrupt financial systems they will have no choice but to comply.
IMO the only chance we have to survive this is to know and understand it is coming and to be prepared for it in whatever way we feel is right for us. For me it is stay debt free and…………..Silverngold
But Daddy.
Hunter Biden son of Joe Biden was to run an energy company in Ukraine before fighting broke out. Now the former Naval Reserve officer who was kicked out for cocaine use is all upset.
Dont live in a right to work state ?
Let me tell you about N.J when I lived there .I employed 150 workers in the only non union factory that I know of. How did we do it ? It was easy in the Garment business the Union receives vacation pay from the Factory owners and they pretend like they are giving the Vac Pay to the workers.Except they cashed the CHECK and refused to pay because they said the money disappeared from the Union Hall safe ! So we told them we would pay the workers directly and would never collect dues again ..it cost us double ..So what did they do after several years of being out they went to the STATE LABOR Board and bribed them to tell us they had enough requests for a Union vote which they didn’t have …We said we have the right to see the requests since we needed to verify they worked here ..The STATE said no need for that we verified it ?
We still refused an election and finally they rented a place across the street to hold an election…One person went to vote of 150 (a plant) ..Then they came to see us and requested a back room discussion …We said we will here you out ! What they said in private was we dont care if you cut the piece work rates on the workers ..we are only interested in the DUES and since NJ is not a right to work state all the Boss has to do is sign on and the State allows the BOSS to leagally take DUES from workers pay and give it to the Union .So just sign on and we will leave you alone ! …We threw them out ! They threatened another Union will try to Unionize and then another until one of us gets you ! They sent the Electrical workers Union to stir up trouble for months on end…Finally I went to my employees half of who were C uban exiles(1960’s) ..After months of fighting lies and threats I explained to the workers that the Electrical workers Union was a Communist Union ..which it was ! and my employees took care of that and I never saw the Union again ! They were willing to sell out their members just to get the dues ..they knew even if the workers didn’t want a Union (and they didn’t)
the State Law forces them to pay as soon as the Boss signes the paper ! Thats what NON RIGHT to WORK MEANS. Forced dues payments…..no worker free choice.!
silverngold @ 0:09 Currency reset dosent bother Me…DEBT RESET ?
What does, is How will DEBT reset ? There are more people in debt than have savings to calclate reset !
Hoe do you reset college loans,reverse mortgages ,under water mortgages ,annuities ,Social Security ,lost interest on savings at any age over retirement age .those forced to consume savings at age 77 or any age above 65 ..They wont be able to recover with no prospects of re entering the workforce ! Give me back the last 7 years of purchasing Power you took away from me ! Its only the Government that will benefit and thats all they are interested in ..they take care of Government employees and their Pensions …Put all of them on SS and Obamacare ! and rehypothicate their bank accounts and pensions …
Isn’t a currency reset just like a REVERSE SPLIT ?…Iv’e never seen one I liked ..if it dosent have EARNINGS you end up with double the price for a short period AND half the shares example a $10.00 stock ina 2-1 reverse split goes to $20.00 with half as many shares but but….. if there are no earnings the price soon drops back to $10.00 with half as many shares …
Silverngold
it doesn’t matter what currencies, stocks or bonds do. They are just paper subject to manipulation. When paper goes broke, it never comes back. Money, by definition, is a medium of exchange AND a store of value. How is that storage thing working out? The only paper to worry about is debt paper. Imagine a group of slime balls running up your debt without your permission and the putting you in a position where you can’t service the debt. Now think government borrowing fiat then crashing the economy.
get out of debt, buy phiz and sit back and wait. You can be stupid your whole life and be a genius just once and be successful.
rno
Late Train
Well the Oasis had some trouble online this morning as the train was trying
to make it to the station. Strange that we went down about the time the
metals did a cliff dive. But we got the station cleared out now.
http://www.railpictures.net/viewphoto.php?id=521684
http://railpictures.net/photo/521823
RNO, I just emailed this to a friend. Might as well post it….
Looking at this page of the different major currencies, this is what it brings to mind. They are calibrating the currencies for an acceptable reset.
They are all getting very close to the following:
US………….1.00
Euro……….1.00
JPY…………1.00
CHF………..1.00
GBP………..1.50
CDN………… .75
AUD………… .75
NZD………… .75
Gold……1150.00
Suppose this is what “they” are aiming for, and once they achieve the above goal they will reset all currencies and introduce the digital standardized world currency.
Suppose they were reset as follows:
US -50% = 50
EURO -50%= 50
JPY -50%=50
CHF -50%=50
GBP -70%=50??????
CDN -30%=50
AUD -30%=50
NZD -30%=50
Armstrong is talking about a DOW 35,000 to 40,000 or close to it. Suppose that is achieved by a 50% reset?? Then Gold would reset to $2300.
I don’t know how the BRICC countries would be affected.
Am I brain damaged to be thinking such things????????????????????????? Silverngold
What a fairy tale
the oil and gas industry is laying off tens of thousands and the employment picture is improving! The kool aid is now coming in tidal waves. Bonds, stocks and gold all down sharply on the same day!
the moronathon is in hyper warp drive. The government numbers in the past had a few grains of truth in the big lies. The numbers today are bureaucratic fantasy. I wonder how the numbers would be if someone had accountability for the results. Does anone believe the insiders didnt make billions today?
the usdx is truly in fantasyland now. Phiz is now the only protection left. I used to believe inflation would accelerate until the economy was choked off. I now believe an overnight devaluation will happen after the slime has what they want to make billions in one hour.
we have been sold out by the low life in control. Too late for the tea party now. The crash is built in now with the world debt. Small economic units will rule.
rno
Interesting commentary by Celente…
Some interesting questions raised by Mr. Celente @ King World News about GLD and the HSBC as trustee.
He’s wondering where the EFT’s gold is.
Link:http://kingworldnews.com/celente-closing-london-gold-vaults-will-shake-world/
Possession: for gold/silver, it’s the only thing that counts.
FWIW: NATO & the IMF Just Suffered a Disastrous Military Defeat
http://www.silverdoctors.com/nato-the-imf-just-suffered-a-disastrous-military-defeat/#comments
De-dollarization is not only happening, but is close to reaching “escape velocity”.
Obama and Poroshenko can plan fresh hostilities and the breaking of Minsk 2.0 all they want, but time is not on their side.
From economic collapse in Ukraine, to hyperinflation, to the risk of a brand new uprising developing by restless locals, the newest banker puppet regime in Ukraine is in danger of losing control after just one year in power.
Lots more on the site. http://www.silverdoctors.com/nato-the-imf-just-suffered-a-disastrous-military-defeat/#comments
ipso and igold…Thanks for responding
I cannot make it play. All I get is the error message to try again later. No time to keep messing with it now. Silverngold
silverngold 13:53
I can watch it on his website
silverngold @ 13:53
I get a “404 Not found” message for that link.
Mr Copper
I figured your experiences enough to make your own desccression or tops bottom targets. Just that there may be better choices that UUP think there’s another UUP too UUPT or something mentioned to one tenter not posting that buys it.
ps u know I think it delisted. Why I don’t trust ETFs
Goldi
The dollar and others are too high to buy.
Mr Copper
If Mr Ford has to worry about unions pushing 50 hr when they were already making more than most he probably would of outsources too.
Mr Copper
Uup isn’t the only one plus stocks that go up with dollar. As far as Hondas or other cars that’s amost fruitless anymore since even if you buy a American car your still buying all the parts from other places. It would be nice if they would open more factories here and Obummer failed GM employees but not surprising for a pushover gov. we have now. I’m surprises they don’t have cartoons in other countries that have their leaders and employees laughing while their on the podium saying we got your back America maybe with a bunch of Americans with casts on them from out sources jobs. Think it’s more of a balance of trade that isn’t happening. Then we havd Unions that’s okay if realistic as we have workers out there underpaid with training involves or labor while car unions want 35 hr to put a part on a car in a assembly line when they can get it done elsewhere for a more realistic price. Not saying just less in comparison but realistic.
The dollar going up probably won’t help if they can pay them even less after they convert those dollars. A service environment is NOT acceptable nor a Answer to the problem it’s a lazy again pushover way to say that’s the way it is instead of doing something about it.
GMO science fraud shattered – explosive new book about to launch
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| GAME OVER: GMO science fraud shattered by stunning investigative book worthy of Nobel Prize – Altered Genes, Twisted Truth | |
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Dear NaturalNews readers,
Eminent scientist Jane Goodall believes Steven Druker is a hero who deserves the Nobel Prize for his new book, Altered Genes, Twisted Truth. I agree. Jane Goodall says the book “…is the most chilling thing I’ve ever read. It’s about the huge conspiracy by the big companies who do genetic modification to keep the public from knowing the truth, to subvert the course of justice.” The collapse of biotech science fraud has begun:
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A strong dollar is definately bad for America
If a country or store, buys more than it sells, for 50 years, eventually you end up with a country (or store) full of cheap crap and no money. Every consumer product in your house is worthless. Try to sell your furniture, stereo, or washing machine etc. Does not even pay to repair them when broken.
Harper Funneling Millions Into World’s Most Expensive Ghost-chase
He’s just one more bought and paid for POS, IMO
When were the Canadian people asked by those who represent them, if they wanted to further participate in any wars or military conflict overseas? Under Harper’s Conservative reign thus far, he has allocated at least $122 million towardCanada’s involvement fighting the threat of ISIS (terrorism) in Iraq, and it looks like it might end-up costing a lot more. With over 600 members of the Canadian military being deployed to the area. Let’s not forget that Canada has alsoinvaded and occupied Afghanistan for roughly 10 years following the 9/11 attacks, again fighting against terrorism along with several others. 
The nation’s military has also been involved in Libya aggressively, and other conflicts as of late. Defense spending under Harper has increased consistently throughout many of the years and in 2012, Canada spent roughly $22 billion on the Department of National Defense alone. With a growing issue of poverty affecting many Canadian citizens, some might wonder why such excessive funding is being allocated to a seemingly never-ending conflict. Not only are individual citizens suffering from poverty, but the country itself is running a fairly high deficit in the trillions, it simply cannot afford to copy the moves of the US in taking on the initiative to take part in numerous conflicts overseas. Not only does this harm the reputation of Canada to those who have traditionally seen us as a peace-keeping nation, but it is also harming the future of Canadian citizens by driving the nation further into debt with wasteful spending. Some may want the nation to engage in further conflict, but it simply can’t afford it and doing so, again, is detrimental to the economic prosperity of the nation’s future.
The reason that it seems rather illogical to spend tens of millions of dollars on any “war on terror” is because the initiative itself is a self-perpetuating ghost-chase. Let me explain. At most, our conflicts overseas are a symbolic gesture, rather than an effectively well-planned, and purposeful strategy. Thus far, Canada has already invested over ten years toward this conflict of terrorism, without any clear idea of what victory would even look like or translate to, and without any clear exit strategy in place. Terrorism is essentially a tactic and there isn’t any way that you can win a war against a tactic, because it can be used by any person, at any time, and for any reason. How can the state ever expect to put an end to terrorism when it can’t even prevent simple crimes like speeding, drinking and driving, or illegal substance abuse etc? What the state doesn’t want to accept, is that you cannot entirely prevent the initiation of violence, the only thing that you can do is respond when a violent act is committed. As our previous article regarding the war on terrorism stated, Canada already has services in place that can assist with such a need of protecting individuals and their property from criminals (like terrorists). These services can assist in offering an investigation, consequence, and remedy for whenever an injustice occurs.
Unfortunately, when you use terrorist or excessively violent actions in response to terrorism, you only perpetuate the problem. With this sort of conflict, many innocent people lose their lives at the hands of the state and this only inspires more people to join the cause that we are fighting against. The recent bombing attacks against ISIS from the US alone, have led to roughly 20,000 new foreign fighters signing-up to join the Islamic State. This is what I mean by a self-perpetuating cycle. How many more will choose to engage in conflict each time an innocent person loses their life and the only justification given is “collateral damage” ? It seems that they are more likely to grow powerful, the more that the West intervenes. Perhaps a serious initiative to focus on would be to stop funding these groups in the first place. The US has been bombing the Middle East for well over a decade now, and many would say that the threat of terrorism is now more prevalent than ever, so then are we to really accept that more of the same will result in anything different? Shouldn’t we learn from our own past mistakes and those of the US? Because we seem to be setting the bar rather low for ourselves.
Source
Corbett Report: The Global Fight Against Internet Censorship
I am no longer able to watch the Corbett Report. I always get the message “an error occurred, please try again later”. I’m thinking the Corbett Report has been put into the “slow lane” since I’ve never before had a problem watching his videos. Anybody else have a problem with watching it?? Thanks!! Silverngold
https://www.youtube/watch?feature=player_embedded&v=99RyMfWQshI
A strong dollar is probably good for America
heck we import a ton of crap, so it makes all that stuff cheap. We don’t make alot of things and export them anymore, so who cares if it’s more expensive for others to buy our stuff….such as food. Which could piss everybody off in the world when basic food staples increase in price