Economic Update, Gold, Dow, States, and Baby Boomers.
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My Boomer Tips
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VisonV, the house passed the second stimulus its waiting in the senate so we may not actually see the bubble pop because they could try to keep it inflated before it completely fails.
Goldline rips people off? Wow! Mark Levin pushes those guys…I only go with APMEX.COM Theyre the best!!!!!
KOOL THANKS
@drshock18 send me link if you have time, thx
So true about foreclosure tenants contributing to ‘stimulus’. One of my friend was renting from another friend. They didn’t talk much anymore. He got foreclosed on and could’ve been living there for free himself. He didn’t know his tenant had a totally free ride for 6-8 mnths. Meanwhile the owner, lived elsewhere unaware of the free ride until a year later. Meanwhile had to take a lessor job to float, while other guy secretly collected unemployment and played poker all night. Living rent free.
Thanks Daniel.
Things are going as you planned? What happened to the dollar collapse? Hahahahah. Dude.. you need to stop talking about a dollar collapse. Gold is NOT related to a collapsing dollar. A collapse in sources of job DOES NOT = hyperinflation. You gold bugs do NOT need the dollar to collapse nor hyperinflation to make sweet profits with gold. It’s about geo-political failures. That’s what gold hedges against. We are still in deflation and will be until the toxic credit is gone.
I am a 100% subscriber Dan you have great great videos you and George4title are the greatest. the dash
Daniel VV, thank you for your info. Your opinion is important to me. I do think you are right.
Daniel, thanks for continuing to make your videos. As you might remember, I’ve been watching you for a long time. That being said…I can’t remember you speaking about Peak Oil? Even the Gov’t is saying by 2030 Oil production will be at the same levels as 1976. Regardless of how we got here, with this knowledge one can conclude that this whole collapse isn’t just the Government being wreckless…it’s the continuing lack of energy. Everything we know is going to change in the next 2 decades.
@dannydarias1 Hyperinflation is a currency event, not an economic one. Daniel knows that. The end result will be hyperinflation…as you can see in the majority of instances Governments have chosen to prop things up with money…instead of letting them fail from lack of it.
Long term I think there is a very strong job market in new technology. Robotics, Gene Therapies, Nuclear Energy, Electric Cars, New Materials, Medicine ^ Drugs, Ocean/Space Exploration etc. There is great pent up demand in 3rd world countries for consumer goods. That is needed to end the recession is to lower personal debt. Business needs to embrace innovation instead of trying to prevent it.
Thanks again Daniel!
I got the same shirt years ago at JC Penney. SIlver is slipping and I believe the powers to be will drive it down as well as industrial demands slumping. Save fed notes and trade them in for silver and gold. Silvr at $16 is a big bargain. Good video.
Vision (Read) update in New Jersey, Monmouth county. I stopped in at a Wendy’s one night for a hamburger. In front of me were two Mounth county Sheriffs officiers. They were dressed in tactical gear. We made eye contact and I asked them,”Busy night?” He responsed every night is busy. I said well at least your working. He said yes but we are working harder with less man power, laid off 14 officiers. APril 2010
Awesome videos Dan. Peace.
@UDoHaveMyName Okay…………………….. Not sure what you mean. A government can print but it does not have control where the money goes. So they printed, and we know all know how successful that was in creating inflation.You gold bugs need to stop talking about hyperinflation, gold manipulation, etc. That is getting old. There is something you gold bugs keep ignoring. Banks are unwilling to lend< people unwilling or able to borrow. You dont have to be a genious to know what the result is.
@UDoHaveMyName Another thing. Let’s say we do get hyperinflation. What do you gain from that? You guys are so focused on the inflation crap that you are missing the whole boat. Luckily you are on the right side of the trade by holding gold. Not because gold will shield you against hyperinflation, but because it’s the best geopolitical hedge. Bad economies worldwide = geopolitical risk. Stop bringing up this stupid hyperinflation crap please. It’s getting old.
that is so cool! looking out for your peeps! thanks brother. i think this was one of your better videos. (they all show preparedness, but for some reason I really liked this one… thanks
you know i would buy gold but i cant eat it. And the big question i have is why would someone sell gold to me for cash and when the dollar collapses and IF gold goes up they will not have much but they will have alot of paper money that aint worth anything. Dont make sense to me. they sell gold for paper that wont be worth a thing.
Daniel, when you say Goldline, are you referring to Bairds of London?
I do not know you will agree with me. but I would say that this is a big wealth transfer in the world. a lot of people will get ripe off. and the world leader seen not care as long as they are in office (I mean the world, not just USA). So it may be the most exciting moment in our life and in the world history. history has never shown that a country can have that much debt. and postpone for that long. we all have to be prepared.
Daniel – If you had $50k in cash – what would you put it into? Pay down mortgage, buy silver bullion, mining stock, keep cash at house?
I have little income right now and for foreseeable future, can not risk loosing it. Single mom 2 young kids.
Good info as usual, well i got ads blocked with adblock but ok if this works better with you
goldman is making money shorting BP. The banksters make money destroying this country and the world