Crisis Watch – Banking and Gold market break down ahead ?

Crisis Watch – Banking and Gold market break down ahead ?


Latest headlines as well as personal knowledge get me endangered upon a fortitude of a banking system. It appears which a risk of an contingent complement fall has increasing and.


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25 Responses to 'Crisis Watch – Banking and Gold market break down ahead ?'

  1. TheGoalSetter - June 26th, 2010 at 2:28 am

    @danpt2000 Yes. I know. There is no way they’d build up the most productive plantation in the world only to destroy it.

    They are merely doing another macro economic harvest. This one is particularly hard on the slaves…in order to make us even MORE productive via keeping our compensation down, raising taxes, and raising the cost of living.

    They definately want us working our lives away for them.

  2. danpt2000 - June 26th, 2010 at 3:23 am

    The dismantling of US corporations and shift to agricultural economy will mean decline of U.S. military power projection. There are too many interest groups that will do anything, including suppression of American citizens, to prevent that decline from happening.

  3. TheGoalSetter - June 26th, 2010 at 4:08 am

    An economic meltdown would be hard, but ultimately good for us.

    Good times have made us so soft, we traded our rugged individual/agriculture/independence culture for the corporate lifestyle.

    So people will have to put down a Starbuck’s coffee and plant a seed…BFD.

  4. EMPIRE0FLIES - June 26th, 2010 at 4:14 am

    There are no free markets. In my humble opinion there havent been free markets since 1913 and the inception of the “Federal Reserve” Gold is manipulated. So are stocks. Gold should be over 2000 an ounce already.

  5. sphindog - June 26th, 2010 at 4:22 am

    Very nice call…I just subscribed, and look forward to watching your recent uploads on this boring Saturday! I went long on DRV (3x short real estate) last week, and am up 21% already! Something tells me that this downturn might be the real deal. Thanks for keeping us informed!

  6. 407buddy - June 26th, 2010 at 5:22 am

    Hearing noises in the pipeline:
    A major IRS tax code/reform with a Gov take over all 401k/Pension plans, and into mandatory Gov backed “R” annuities, be placed on the assets side of Wall Street banks balance sheets. Income taxes will be 50% upto $175.000 per year of income and 70-80% for all incomes above that. 16 senior members of congress of both parties (8 each) and 4 key members of the Obama cabinet are putting this plan together behind closed doors. Just noises or is something brewing?

  7. theMETALDOVE - June 26th, 2010 at 5:45 am

    @iamgabrielf
    depends where you invest your faith. i’m not an expert but, i’d say faith in the u.s federal govnt. is not …a good idea.

  8. Lousypenguin - June 26th, 2010 at 6:28 am

    @bradleymxz 30%!!!! Holy shit man! I thought we had it bad in Irleland! Guess we’re all totally screwed!

  9. DoubleTroubled - June 26th, 2010 at 7:06 am

    see? deferring writeoffs and avoiding mark-to-market is all that it’s about. sure the real us economy will be smaller afterwards. but license fees and international revenues will add to that. if japan can have debt higher than GDP then the US can have even more.

  10. 407buddy - June 26th, 2010 at 8:01 am

    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)

  11. bradleymxz - June 26th, 2010 at 8:22 am

    Service Sector=72% of GDP……How could it not? Businesses are closing around here every day. U6 unemployment is “officially” 17.3%, while I have concluded real unemployment on average around the country is between 25% and 30%. My student loans backed by government have an “indefinate” deferment…..meaning I’d never have to pay them back if I didn’t want to. And I’m citing everything the doc is saying. You really mean a depression which continues after trillions of stimulus….

  12. DoubleTroubled - June 26th, 2010 at 8:44 am

    i’m really not meaning to disappoint anyone here but that won’t lead to a collapse, bradleymxz. but yes, this is a depression.

  13. bradleymxz - June 26th, 2010 at 9:05 am

    COLLAPSE IMMINENT!!! Breaking News!!!
    As of 1/15/2010 I went into the Federal Courthouse to file Bankruptcy and the clerk was rather friendly. So I asked her, how many people file their own bankruptcy? She said not many, but the number of bankruptcies that lawyers are filing for clients is already on track to be 10 times of 2009!!!!! That would be 10×1.4million=14 million!!! She said most of them are age 18-30….WE IS BROKE as a JOKE! No Opportunity=No Future

  14. ABETRMAN - June 26th, 2010 at 9:57 am

    jberni1
    Time For An Update
    Your Views and expertise are appreciated
    Where R U?

  15. quantengott - June 26th, 2010 at 10:09 am

    hope usa wont default before the end of my new mac mini warranty ;-)

  16. iamgabrielf - June 26th, 2010 at 10:15 am

    A little too much preparation is infinitely better than a little too much faith.

  17. paddythetinker - June 26th, 2010 at 10:32 am

    paranoid kraut lol.

  18. michaelclarke18 - June 26th, 2010 at 11:10 am

    i’d say we are already in hyperinflation…judging how fast the prices are rising in my local sainsburys…

  19. davfritz - June 26th, 2010 at 11:50 am

    I’ll second that! Where’s our next video!?

  20. PrepNow - June 26th, 2010 at 12:29 pm

    Happy (late) New Year to you and thank you for all that you do.

    I check your site daily and I know I am not alone…. we need a new video, please.
    I don’t like my coffee without your video.

  21. 407buddy - June 26th, 2010 at 1:02 pm

    Gov’t Data is a lie and a fraud in cahoots with the Blankfein’s of
    WallStreet, manipulating the “American free market”,
    high frequency trading, flash orders, naked short selling, on and on
    The Goldman’s and Gov’t are in bed, setting the rules to benefit the few
    Jobs been exported your labor de-valued to Zero to screw you into debt
    Walk away from your CC cards and (underwater) mortgage
    FICO scores are a scam to enslave you and keep you in debt
    Get out of paper. Don’t be sheeple. Fight back!

  22. webdork69 - June 26th, 2010 at 1:40 pm

    Sacramento unemployment to hit 13.5 percent
    by Sacramento Business Journal

    “Unemployment in the Sacramento region will likely hit 13.5 percent in early 2010, according to the Sacramento Business Review.

    The Business Review is a forecast published by Sanjay Varshney, dean of California State University Sacramentos College of Business Administration and Jason Bell of the CFA Society of Sacramento.”

    There is a distinct “deer in the headlights” edge to life in California now.

  23. IronicallyVague - June 26th, 2010 at 2:13 pm

    I’m not sure whats more scary..

    That his predictions are as close as predictions can get or that he always knows when I’m drinking coffee.

  24. abbsgmz - June 26th, 2010 at 2:13 pm

    i think you have lost some credibility here
    but the videos are still informative

  25. alalal5 - June 26th, 2010 at 2:20 pm

    Yes I think You are paranoid. But this is OK so I do have a reference point on the Internet: Everything that you do not mention is definitely not worrying. That’s a good thing.
    I mean German Banks are always closed the 31st of December, (google: bankholidays germany), Thailand is in a very difficult political situation with a weak currency,
    complex software does have bugs and if you want to bring gold secretly out of the US, why not by car?


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