Global Financial Collapse Is Coming 2014

[TheEconomist]

Global Financial Collapse Is Coming 2014

I make youtube search. Watch this video.

youtube.com/watch?v=7PA_T7RKBOg

I'm nervous. What are your thoughts ??

 

[The2ndAmendment]

Withou

 

[TheEconomist]

Withou

what i don't understand you ?

 

[Jackson]

can you post a link?

 

[TheEconomist]

can you post a link?

realtruth.org/articles/110225-001-economy.html

There are stated.

 

[Toro]

You're not really an economist, are you?

 

[Toro]

Silver is down 60%.

Fail.

 

[Jackson]

Here you go.

[ame=http://www.youtube.com/watch?v=7PA_T7RKBOg]Global Financial Collapse Is Coming 2014 - YouTube[/ame]

 

[Gardener]

Everything is going to be just fine.

Don't sell the house and kids just yet.

 

[TheEconomist]

You're not really an economist, are you?

I am Economist.

 

[deltex1]

Buy Sirius sat radio...

 

[Mr. H.]

You're not really an economist, are you?

He's posting from a Holiday Inn Express.

 

[Toro]

You're not really an economist, are you?

I am Economist.

But you're not an economist by profession, are you?

Do you even have a degree in economics?

 

[healthmyths]

Everything is going to be just fine.

Don't sell the house and kids just yet.

I've not seen any statements from any economists regarding this fact:
The total Civilian labor force: 155,835,000 or a Participation rate of 63.5% of total USA population.
http://www.bls.gov/news.release/pdf/empsit.pdf

Working an average of 30 hours per week 50 weeks/ year for 10 years that means there are :
2.337 Trillion hours at $15.00 per hour this means gross payments to these people of $35 trillion over 10 years.

Now I could break down the population by age, i.e. 25 - 35, 36-45.. etc. but I am making this simple.
The point is $35 trillion in wages at 30 hours and $15/hr is very nominal.
In 2006, there were approximately 116,011,000 households in the United States.
In 2006, the "real" (adjusted for inflation) median annual household income rose 1.3% to $50,233
Household income in the United States - Wikipedia, the free encyclopedia

So again using 10 years as the productive years that would be total income of $58 trillion!

This productive segment doesn't seem to be used in calculating stories like the global collapse,etc.
because it is the on going exchange of hours worked for hours pay that is the truly ONLY value that
should be used!

 

[Rshermr]

You're not really an economist, are you?

He's posting from a Holiday Inn Express.

Right. Just attack him. Assume he is lying. Hell, you would not recognize an economist if he presented his bonafides in full.
Thinking that you just need to attack simply proves your real persona. Which is dipshit.

 

[Trajan]

Everything is going to be just fine.

Don't sell the house and kids just yet.

will you tell me when?

 

[william the wie]

You're not really an economist, are you?

Doesn't mean he is wrong. If Ottawa greenlights pipelines through the US that also includes Canadian as well as US fields Brazil and Russia are going to think that they have had a procto with a shovel blade. But the First Nation objections to pipelines within Canada sound really expensive i. e. more than the $19/bbl (the US cost) Canadian oilmen are paying due to lack of a Canadian pipeline system. That could be a major shock to the EU and the Far East due to their commitment to high oil prices and cause an economic collapse.

 

[Politico]

You mean lke it was last year? And the year before. And the year before..........

 

[OnePercenter]

(cue the music) Buy more gold!!!!!!! Come to Nevada and flip houses!!!!!!!!

 

[CultureCitizen]

Adopting the healthcare policies of maryland will cut down federal budget expenses by 600 B , reducing defense expenses by 30% would yield another reduction of 240 B. The total ( 840 B ) is almost enough to cover the whole budget deficit ( 972 B ).

It is actually posible to cut the military spending by half.

400 B is stil more than the combined expenditure of China , Russia, UK , Japan and France.
Hell, 400 B still beats the whole Eropean Union + China.
Note : the chart is outdated , the current defense expenditure is of 856 B
http://www.usgovernmentspending.com/classic

That's a big saving, so I don't think economic collapse is on the corner... it's just a matter of adjusting the budget.

Watching the prices on metals is a good practice ( as the video advices ) .

http://www.kitco.com/charts/historicalgold.html
http://www.kitco.com/charts/historicalsilver.html

Currently the silver price is around 18 USD, but it reached a peak of 45 USD in 2011.
Currently the gold price is around 1300 USD , but in july 2011 it reached a peak of 1800.

If you are really woried about the world running away from the dollar just watch closely the gold price.

London Fix Historical gold - result

Somehow the metal markets knew what was comming... the gold and silver prices went up starting from january , nine months before Leehman Brothers broke.