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The Economic Collapse For Dummies
If last week's 74-page all-encompassing thesis on "how 'everything' is interconnected and headed for 'complete systemic disintegration'" is a little too much, here is a 10 minute clip that ties together all the loose ends of the reality bubbling just beneath the veneer of hope that so many call our markets. A spectacular gathering of all things bearish that provides everything you wanted to know about the inevitability of a major economic collapse but were afraid to ask: a little too doom and gloomish perhaps, but sadly that does not make it improbable, especially in the current environment where the central planners keep doing the same over and over, hoping that just once "this time will be different." From demographic trends, over-leveraging, corporate profit extremes, deflationary impacts, and hyperinflationary reflexivity- there's a little here for everyone on a warm Saturday afternoon.
Beyond the epic first two minutes of Tice and Dent battling it out for doomiest of all, the thesis gets going...
(h/t Future Money Trends)
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Which is how gold is made.
Next Ponzi is gold
By definition, gold can not be a ponzi. Whomever greened you is an idiot (Ha,Ha) !!!
Gold will be a ponzi.....Alchemy.
This ponzi will be exposed shortly after pigs fly and hell offically freezes over.
how to turn "fuck you bernake" into "thank you bernake", that is the question!
ps fuck you bernake.
dis-inflation is NOT the same as deflation, and deflation, like inflation has, is, and always will be a monetary (not a price) phenomena.
Tell that to the next minimum wage employee you see -- if you run in those lowly circles that is.
RR,
DIS-INFLATION is actually ebonics for THIS INFLATION.
Where did you go to school? Sheesh.
I believe we failed to attend the same school together. I knew I recognized you from someplace.
FUCK YOU AMERICANOS! YOU STILL GONNA START A WAR WITH US! EUROPEANS! LET"S FUCKING GO!
Ps. Jewish SUPPORT GROUP! ISREEAL is good!
Well here is one European who stands together with the true American patriots. Oh, by the way. Those Americans have something we Europeans don't: Guns. Big ones to, and a shitload of ammo. So for your own sake, don't mess around with them.
I have encountered drive-by ballsacks like you worldwide.
Spouting shit about the U.S. and how evil we are.
But invariably, if asked if you would move to the U.S., folks like you respond with an enthusiastic YES!
Go back to sleep.
Why, did you learn how to defend yourselves in the last sex decades?
Now that I'm 60 I'm in my last sex decade.
I don't think I'll be fighting off the chicks...:-)
Touche...or not...as the case may be.
Retirees will try to spend less, but Bernanke has an oligarchy to enrich.
I don't like the tone of the film, kinda silly the way they have chosen to dramatize this. I am banking on their basic thesis however, there will be a run to sell what you can and get dollars (assets deflate with the big unload) and then there will be a shopping spree, print fest, and then currency crisis.
I don't see any other way it can go.
Imagine for a moment what the sleepers will be like when the currency crisis hits. This is a warning for you, wake as many as you possibly can because if you don't they will eat you. If things are bad enough that could be a literal statement... While the possibilities are remote they are still possibilities. A wise old Deutchlander once told me that it is not the things you can imagine that will get you, but rather it is the things that you simply can not fathom as part of the world you know that will do you in. That is why people wait far too long in any crisis to protect themselves and cling to what was, believe me or not it will come to pass.
All looks fine to me. What's the deal?
CITADEL via APMEX MotherFers!
All 'Dummies' book covers should replace the cartoon person with the Kenyan.
Your "Kenyan" is a distraction.
Hey. Don't you be dissin our bug-eyed, jug-eared leader.
Now go and sign his Birthday card.
;)
The video is too analog in its presentation (as if people are really going to be able to respond in real time)...
Instead ~ When the time comes to pull the plug, it'll be like... Bank Holiday... OK ~ Now the banks are open again, here's your new life, thanks for playing... Fuck you very much...
Exactly. Everything will be fine.........until it's not. But then it will be fine again, or not........depending on your tolerance for forced anal intrusion............
its time for tyler to be interviewed....his faithful loyal supporters deserve an updated insightful q&a session on the coming collapse....perhaps chris martenson can give us part II? the last one was nearly 2 years ago..................
Three plus years of postings from Tyler and you're still not clear where he stands? Do the nuances of how we get to the bottom really matter?
nuance is the essence of life jendr......................
let me give you mine. "has the weird value of being right an awful lot" as anyone with even a shred of integrity will tell you. there is a collapse coming in Europe...it is starting in "what is called Spain" but what in fact are "the various Regions of Spain" which simply are not going to answer to Madrid much longer. Once Spain fractures Italy will fracture as well..which will lead to an EPIC showdown between France and Germany. Don't worry "there's nothing new here." Is France a failed unitary State? Is Germany a "multi-state solution in the offing"? Only the failure of a bond auction in one, the other or both will tell...."and with it the collapse in the EZ." The knock on effects will be dramatic...indeed already have been with the collapse in the Brazilian Real, the failure of various commodity funds, an economic slowdown in China, all out war in the Middle East that is BARELY contained, the soaring value in Treasuries. The question therefore is "is it a collapse or a policy response?" I'm not a betting man but our money is on the policy response...in the form of continued output increases in the dollar based economies of the world (you must include more than just the USA when talking about output in the 'American' economy...countries that actually use the dollar along with those who have dollar pegs both literal and figurative must be included as well.) Still not sure tho. The only thing that has stood out to me is "The President fleeing from Syria." Clearly this would have aided his re-election campaign tremedously...so "the algos" must have "revolted on him" in some way. The Russians and Chinese however have gone "all in" on this sucker. It appears "an end to that world" is now being "algo"ed. Various "mind martian commands are being executed on"...who the phuck knows how it will all shake out. http://www.youtube.com/watch?v=HoLs0V8T5AA
besides..."Richard Anderson will not be denied."
"and he better not cost more than six million like the guy said. OR ELSE! WE'RE ON A BUDGET PEOPLE!"
Far too many words there, DV.
In order to replace the current monetary system, it must be discredited as obsolete. I hate the Federal Reserve just as much as anyone on this board. My issues, the next system is far worse than the Federal Reserve.
Bernanke is just playing an old game to ensure financial safety by completing his objectives set forth.
Formula For Defeat
“These are the six ways of courting defeat – neglect to estimate the enemy’s strength; want of authority; defective training; unjustifiable anger; nonobservance of discipline; failure to use picked men”.
-- Sun Tzu, The Art of War, Ch. X.
We'll get them boomers spending again...it'll be on Kevlar and motion-alarms, but they'll spend alright.
It's much easier than that. We just get them to spend on their kids longer. Like until the kid is 40 and they're out of money.
You guys have just got to read this estimate from McKinseys
http://www.guardian.co.uk/business/2012/jul/21/global-elite-tax-offshore-economy
Better to read the FEASTA report posted last week. It covered assessing risk, which everyone should be thinking about, IMO.
"We exepct to be slowing by the 2nd quarter and by time the fed reacts it will be too late."
Creepy.
Such is the age we live in. Alice has nothing on this wonderland.
What in the world is happening at 4:20 with the guy getting his head painted? LOL, that was epic.
You must be a youngster if you don't remember the GLH (great looking hair) commercials. Those were funnier than hell.
I'm 55. But I have hair! I don't watch much TV at all...outside of Breaking Bad.
Long magnets.
I'm 49 with hair too. But I remember laughing my ass off at those commercials.
That's hair in a can man! It's silly string for old guys.
It's always 4:20 somewhere!
Well, i always thought evolution is a farce. And it is.
Most people who have never experienced it personally do.
Why the hell can't anyone tell me how something came from nothing? Is it really that hard?
Maybe it didn't.
Wait!
EU - newly appointed GOVERNMENT:
1. beppe (president, minister… whatever)
http://www.youtube.com/watch?v=93BORkZ4PuU&feature=related
2. Dominique (president, minister… whatever)
http://www.youtube.com/watch?v=65JFiXzAaqs&feature=related
3. al-sahaf (president, minister… whatever)
http://www.youtube.com/watch?v=yfAeMtcURg0
4. borat (president, minister… whatever)
http://www.youtube.com/watch?v=yfAeMtcURg0
LONG LIVE THE EURO
If there is deflation, I sure ain't seein' it. Food prices? Up. Gas prices? Up. Building materials? Way up! Car parts/oil/maintenance items? Up.
Deflation my ass.
The video leaves out one major thing. The road to war is economic collapse. And war, if it is large and violent enough can renew economic growth. And if it gets so wonderfully doomy, as it appears it will, it should be a decent size war.
If it gets large enough and violent enough no one will survive. Everybody war games ..... the future is now a black hole.
"renew economic growth"
Never as much as it destroys. Never. If you think higher taxes to pay for bombs and no-bid contracts is any more intelligent than paying people to dig ditches, you are the sheep and should heed your own advice.
http://www.youtube.com/watch?v=yJAlIHsXcLY
Mankind has no natural predators to keep the population in check and keep the species competing and evolving. War and natural disasters are the only things we have, and war is the only one we control. Every so often we need to cull the herd.
Mankind has readily available contraception...and some have brains big enough to use it.
There is no evolutionary advantage propagated by war, beyond the exciting genetic intermingling that inevitably results from war brides making beautiful mutt babies with the soldiers that manage to make it home. As for efficacy, it seems pretty obvious that a method which culls the youth in their prime while leaving the elderly unscathed is the kind of unmeritocratic silliness that led us down this dark path in the first place. Wouldn't it make more sense to purge everyone over the age of say 55 before they default the sovereigns of the world?
Call it a "death jubilee" and set off some fireworks, if it helps you feel better about the ordeal; maybe mix up some heavy MDMA for the old folks as they go.
http://www.youtube.com/watch?v=iO2SDulPfJU
Thanks that was a good laugh man..
Isn't that what Logan's Run was about?
"As for efficacy, it seems pretty obvious that a method which culls the youth in their prime"
Precisely. And hopefully before reproduction. Culling the elderly is pointless because they are on their way out, and the elderly on the wrong side will suffer as their inferior society is bombed out, and be culled anyway. Your post is moronic to say the least. Of course war is part of human natural selection. It is the only natural selection mechanism left for us.
"Mankind has readily available contraception...and some have brains big enough to use it."
To say that voluntary contraception should fill the role of natural selection? Equally moronic. In fact it has the reverse affect. As you said the intelligent will use it and the morons will breed. Unless of course it is forced by the genetically superior upon the genetically inferior. Which of course I approve of.
http://www.youtube.com/watch?v=icmRCixQrx8
If you are refering to the economic boom years after WW2 I am not sure a war is the way to prosper. We simultaneously destroyed most of the producers while our capacity to produce remained in tact and supercharged after military production. In order for it to work again, we would need to be the only producer left with the entire world looking to rebuild. I think.
It will be very interesting to see what country, if any, will introduce the first metal-back monetary instrument. I can recall articles talking about this for the Swiss, Mexico (silver) and a few others, but just spurts and dribbles, then nothing.
Mexico is a very interesting one. Big bet that has paid of HANDSOMELY for Bill Gross (going long the Mexican peso.) http://www.youtube.com/watch?v=duAHLC0BXV4
Bob Chapman was a big promoter of a "Mexican peso backed by silver." You have to get through the video showing the Russians gunning down the Polish cabinent after their plane crashed however. Hm. Don't recall seeing that on the evening news.
I am more interested to see which country will introduce the first nuclear backed monetary instrument.
Alex, who was the United States of America?
The basic message of this video is correct, even if the presentation is over the top.
Think of currency as something you want to spend. Get it, spend it. Think of gold and silver as things you save and protect.
We watch it,we read and write about it, but there's not a damn thing any of us can do about it .... get a redoubt, dried food, learn outdoor survival skills , then sharpen and keep sharpening your skills. When society breaks, which seems a certitude, the prepared might survive, the unprepared, out of shape will perish.
We have crossed the Rubicon ... Alea iacta est.
Glad to see no one else on this board has life. Why else would you be commenting on Zh on Saturday like me?
No one can tell you certainly what will happen. Even the cartel that controls things can't exactly control everything despite their hubris that they can.
The best asset you could have is a productive farm or garden to feed yourself if what these guys says is true.
Agreed. PM's are useful if the social fabric remains entirely intact and there is only a massive change in the monetary system, in a true breakdown scenario with a loss of order they won't help much.
what a fkin sham this poseur is. he covers all the bases, with every possible scenario, so that in the future he can say 'see i told u so'. inflation, deflation. gold crashes, gold goes parabolic. dollar collapses, then everyone wants it. all so he can pump and dump penny stocks that are "guaranteed ten baggers!!!!!!" (for a good laugh just look at their twitter)
why do you post this bullshit ZH????
Interesting prediction of a fiat currency collapse and deflation. It is just a shame it also makes the producers of this film stupid. Yawn...
Nice little Globalist indoctrination video, to help us understand what they did to us and what we should do about it.
So, when myself a child of the boomer generation has left the house I somehow do not spend any money? I could only wish. But here's the reality of it. The USA consumes, and if the USA stops consuming the world stops. Yes we have a Greek style debt crisis on our hands, which is a huge problem.
By 2020 92 percent of all tax revenue will be spent on 4 things (Ponzi Scheme Entitltements thanks to FDR and LBJ):
Social Security -28%
Interest on Debt -24%
Medicare - 21%
Medicaid - 15%
He entire government can only use 173 billion per year to remain solvent. That means 173B per year must be rationed among the following government branches. And yes they have to do this. They have to make cutbacks just like any business. Currently just Food Stamps takes up 74 billion per year. Its not US who is going to have the problem its the government. None of these programs really benefits me in any way. I wouldn't blink an eye if any of them disapearred tomorrow. But honestly there is nothing we can do. Even though every American is a stockholder in America only a few have voting rights. A corporation of 350 million with 535 board members, roughly 800,000 people per voter.
Childrens Nutrition, Border Security, Food Safety and Inspection, Disaster Relief, Forest Service, Druge Enforcement Administration, Public Housing, IRS, Animal and plant health inspection, Federal Courts, Bureua of Indian Affairs, NASA, Army, National Edowment for the ARts, Air Force, Federal student loads, Marines, Rural development, U. S Coast Guard, Food stamps, National Park Service, Income Assistance, Family Services, Research and development, U.S Geological Survey, Environment Protection Agency, Centers for Disease Control, FEMA, Immigration and Customs, Secret Service, FAA, Hoursing for the elderly, Federal Railroad Administration, Navy, Bureau of Land Management, Fedreal prison system, Peace Corps, FCC, State Department, National Science Foundation, Congress, Fish and Wildlife Service, White House, SEC, Smitsonian Institute, Small Business Administration, FBI, Federeal Highway Administration.
Wonder if Kyle Bass saw the spray on hair. And, How the hell did Mish get in the image with Kissinger and Krugman?
Also, if the mf'n FED can control the stock, currency and gold markets now they certainly will have even more control once Marshall law is declared.
But there is hope. As Globalism, world economy, breaks down tremendous opportunity for local manufacturing and farming will arise to replace the global disruptions. DC will lose centralized control and the States will emerge with the greater power. City-States will once again appear each with their own constitution and local currencies. Technology will enable instantaneous conversions of an infinite number of local currencies and those areas growing with the fastest prosperity will attract the best and brightest. Bankers will have fled the US in efforts to keep their heads on their shoulders as large bounties will be awarded for their capture alive or dead.
Fear not. The best is yet to come.
The word "dreamin'" comes to mind.
gold to $300
BEFORE $8,000+
at $8k = buy 10yr and 30 yr treasuries @ 20%+ and hold til sub 10%...then you can hold gold for 50+ years @ $1,000, on the major pullback.
once the kids leave the nest, then they begin spending on their own. It's not like the spending stops once the nest is abandoned. I don't get this thesis.
My son will go to college soon. He will be in for a shock. He does not understand that he has grown accustomed to a style of living that he will not be able to support on his own. He will, naturally, make lower priced choices for himself than I do. He will cease to buy exclusively organic foods, he will not go to the nice restaurants I currently take him to, he will not be able to afford certain gadgets that he currently takes for granted.
I look forward to it.
He needs this shock to his system pretty badly. He is a VERY GOOD KID, no troubles out of him at all, high grades, high college entry test scores (he will have a free ride because of his hard work). But he does have an entitled attitude and he will organically get a dose of reality which I consider to be his real "finishing school."
My fault, I know. I was given so little and did not understand that meant I was given a lot.
The spending on him will decline. So will GDP.
You answer was vastly more eloquent than mine (as always). ;)
It is difficult to give up organic foods. I am willing to pay $6.39 for organic cookies and $50 a kilo for grain fed beef. Autarity is going to be hell.
Go local and you won't have to.
Got teens also. So difficult to not lay out my doomy predictions for their future or tell them they should be watching DIY videos on chicken butchering or cleaning a gun instead of face booking cute comments to their equally doomed friends. I will go to sleep now.
Hey MM, spending may continue, but the level/amount will be altered drastically. Imagine well off mom and dad spending $250 on shoes, $40 bucks a night for dinner, $150 a week on gas etc.. When they leave and are living with 6 other kids and either unemployed or underemployed, what will their level of spending be?
Yours is actually more to the point. I do too much story telling. ;-)
Any future youth wealth already has first clames on to service fedgov debt, and gov pensions. Even right now young people as a generation do not have the income to, in a free market, support their edu, first house, first kids debts. Presently there are less then 2 people working to support each retired. In 15 years it will be 1 to 1. That is if the worker is a total sucker and keeps his/her head down a keeps pulling the ever more full cart up the ever steeper tax mountain. I don't think so. Myself and most trades I know are already in tax revolt.
Urgent: Major Market Move On Horizon
That was fun. I think I'll have a smoothie now.
I am sure this outfit will have stocks to sell. Pump and dump, boy have I picked up some real losers since '08. Better off with the phyzz.
2400 F-35's at, now, the latest cost overrun, $240 million per plane. Ahhhh, so satisfying. We must be doing well. Oh, yeah, what was that guy saying about food stamps and Social Security?
F-22's with window vents (Air! Now with more Oxygen!) would have been much less.
The F35 is a turd of all trades.
Not a problem. Grants to local police forces to purchase them.
I'm a baby boomer and except for 3 TVs and 5 tablets I've bought nothing in 3 years. I have almost paid off all my dents. I won't take on more debt if i can help it.
But it's still [hyper]inflation in the end. I think Peter Schiff does a little better job explaining the deflation / inflation matters. in a word, 'ya, you'll have deflation, but the currency will fall in value even faster'. It still amounts to phony money becomes shit b/c there's nothing tying it to reality.
I agree with this video and see the collapse of the euro ushering in a very strong dollar that will lead to even more deflationary pressure. I believe this could happen any week from now to 30 days after the election.
The Fed will not sit by and let this deflation take much root. I believe the deflation will be very short lived and a mass printing will HAVE to begin quickly. The speed to accomplish this will be no problem as we are in the computer/internet age. All the Fed has to do is give the word and it is done. There will be no approval needed and most will be begging for it as they are right now.
I for one am keeping some powder dry just in case we do get a severe drop in the metals. I will buy with both hands. I still continue to buy now on regular intervals. I am not so sure there is enough physical supply out there to meet any real demand increases. If the price of silver were to fall to $10, you aren't getting mine. So were will the supply come from to meet the demand at $10? Supply in physical gold and silver (the only supply that matters) will be sucked up quickly. Prices will move upward dramatically once word is out that supply is out. It won't matter where the price of oil, bread, cotton, corn, etc. is when people are informed there is no physical to be bought.
Just my 2 cents. Opinions pro and con are always welcomed.
I'll wet my pants if we see $10 silver. Just not brave enough to face that event.
Future Money Trends = National Inflation Association = Jon Lebed = proven scam. Why do the Tylers Durden keep posting their vids? Hmmmmmmmm.........Jon Lebed = one of the tyler durdens?
Harry Dent? The same guy that predicted the Dow would hit 40,000 by the year 2010?????
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!
Was that Chris Martenson providing the voice over/comentary?
Garbage. You Boomer Parasites are not unique and special snowflakes. You are the same decaying organic matter as everything else. And very soon, you will be dead. The world will not end because you are no longer in it. Life will go on as it always has.
Except the younger generations will be free to pick up the pieces and begin to rebuild the world you have destroyed. Americans were once seen as somewhat Quixotic Puritanical/moralisic heroes. Today Americans are known to be a bunch of loud mouthed, arrogant, fat ass monsters and brutish murderers. You did this. The Boomers are the most worthless generation in human history. Parasites on humanity. They have taken the most wealthy, free, powerful, and internationally respected nation in human history and driven it straight into the ground over the course of a single generation.
Die faster.
Somebody with family issues drank too much Agenda 21 or similar Kool-Aid. WHO SUPPLIED THOSE FAT-ASSES WITH EASY CREDIT AND ENCOURAGED THE CONSUMPTIONIST LIFESTYLE? WHO IS DOING THE FLEECING? WHO WATCHES THE WATCHMEN?
THE [root] PROBLEM IS BANKSTERS, NOT BOOMERS.
But many of the banksters are boomers.
Every generation has its sociopaths.
A silver dime is still 10 cents to most people. I can't believe old coins still circulate. I bought a beer today because I knew with taxes it was $2.95 and I wanted the nickle.
http://www.corbettreport.com/how-to-carve-up-the-world-video/
as some guy over at blogspot often points out ...be careful, a slight misinterpretation of data can turn you arround 180 degrees. Why, if silver is to be part of the post collapse system, are the central banks not buying? Miners could go up gloriously be in hyperinflation , when all is said and done, the purchasing power of your investments may still drop...a lot... even with huge nominal rises. I suspect sticking with physical gold...now...way before any collapse...is the best srategy. Lots of possibilities here, find a system of thought you understand that holds up to day to day changes...and live by it.
good luck all
Here's the resolution to the problem in under five minutes.
http://www.youtube.com/watch?v=YV4oYkIeGJc
Basically "we're right, because we're Austrian".
Sorry guys, we already know what happens when you're in charge. Neoliberalism is what you and the Chicago boys created when you became part of the status quo. The removal of Glass Steagall was your crown achievement. The crisis is your child too. You may talk about collapse now, but power corrupts you, just like it does Keynesians and everyone else.
You can explain the problem in three points:
1. Most of total money supply has no value, but that's how we measure the economy.
2. We may soon face a resource crunch because of increased consumption.
3. The result of increased consumption is pollution, which in turn contributes to the resource crunch.
I think you can sum up the problem in 1 point: a philosophy problem. People want to have their cake & eat it too; or people want something for nothing (there are parasites, there are enablers). This is altruism in practice. There are deeper flawed fundamentals that support getting to a society of moochers & legalized theft to support them. But, nobody cares; or at least not enough people care.
Very enjoyable. It was like watching The Omen. I was waiting for Gregory Peck to appear. 666 S&P intra day low!
SP500 downleg expected to continue next week onwards.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Since this article/video talk about deflation and consumer spending ... I have one question that one of you guys might be able to answer.
Is consumer gasoline purchases counted in the total U.S. consumer spending figures that come out every month? I assume it would be. So does this not mean that as the price of gas goes up so does consumer spending?
If this is true, then the establishment benefits by the rising gasoline prices because they can point to the rising consumer spending as a sign of strength in the economy with high fives, etc.
When you spend more on gas you have to balance that by spending less on other stuff. And the reality is that Americans drive less when gas is expensive. Gasoline is part of retail spending numbers. It is not part of the CPI, consumer price index, in Canada.
well done , chimps