I have no idea why this video is generating such heated discussion when all that was being said was the truth. Its obvious to anyone with an IQ above 50 that
Goldman Sachs and the too big to fails DO RUN the world and governments are only their lackeys. After all that, has happened over the last three years, (and still is with the EURO rescue packages being dreamt up, that merely save FRENCH and German BANKS) it must be obvious to anyone with a pulse that the entire western world is run by big banks with the Federal Reserve and other central banks playing the godfather to them all.
If people do not get It then they need to and fast.
As for his talk of collapse, again he was entirely correct. It is mathematically impossible for it not to collapse when we have a debt based system that has reached the limit of debt that a functional economy can service.
It is truly amazing that more people do not get it. These figures are made public every day such as the 14 trillion or so owed by the US and just about every other nations debt approaching 100 percent of GDP, how to people imagine that the system can survive with this debt load? Debt is either repaid or defaulted on. Those are the only options. What has been going on since 2008 to somehow stop defaults is just a shell game, moving debt from one place to another and hoping it will go away, well guess what, it can't and it won't.
The debt HAS to be cleared one way or another. The market Will get its pound of flesh, you can be sure of that. Can they delay it? Sure they can try and kick the can further down the road with more bailouts but that just makes the situation worse in the long run as we are seeing now.
IMHO we are on the verge of the big deflationary collapse now, how will it end and how bad will it get? I do not know. I think the best we can hope for is a 1930's type depression. I think that really is the best we can hope for. At the worst it would be like Mad max with a complete breakdown. For those that say
it won't happen and that the governments wouldn't allow it think agaikn. Its due to the actiosn of said governmenst that the system is collapsing. Do not expect an arsonist to save you from a fire. Apart from that there is NOTHING they can do. Thye should have stopped spending money they didn't have and prevented credit bubbles reaching the levels they diod years ago. Once a bubble is burst its too late. My advice, make sure you have small amounts of cash in a lot of different banks. Make sure you have enough cash put aside outside the banks
just in case there are bank holidays. make sure you have enough food to last a month or more. Tins of Tuna, pasta, rice, tinned veg and frozen goods. make sure you have some physical gold and silver somewhere and possibly soem gold and silver coins on your person.
I think the dollar will rally to new highs and stocks will eventually find their bottom BELOW the lows of 2009. After that I think they willk print money and paper currencies will collpase and gold will soar to unimginable highs. I cannot give you a time frame but it will not be 2015 before we see this IMHO. I think the s and P will be below 1000 by year end.