On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates.
My views on the debate about inflation vs. deflation and the subprime mortgage crisis.
keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation
Duration : 0:9:30
Tags: bank · foreclosure25 Comments
25 responses so far ↓
The builder need a …
The builder need a bank loan to do so as well, it a bigger loop then this!
Tell it to the …
Tell it to the people who just crashed on the plane in Buffalo. Your life sentence or ticket can be canceled anytime. I have some silver and gold put up, but believe me I try to enjoy the now as much as possible because nothing but now is guranteed my friend.
BTW tell it to the folks who invested with Bernie Madoff, I think they themselves would call their investment “foolish”
Your wealth is an illusion that can disappear like most illusions do.
you speak foolishly …
you speak foolishly, grasshopper (as in the ant and the grasshopper who also just wanted to enjoy now and suffered for it later)
i think your trying …
i think your trying to grasp these questions sir but your very muddled. i think you have a lot more research to do in order to understand “the system”. your on the right track but have somewhat to go yet. keep trying
thehelpfund.blogspot
thehelpfund.blogspot
I think he
JIZZED …
I think he
JIZZED IN HIS PANTS.
thehelpfund.blogspot
thehelpfund.blogspot
I have just …
I have just subscribe(12/9/08) to your videos, great great content. Keep up,you’re truly a gifted being.
Are you a motivational speaker? You definitely have me motivated.
you know whats …
you know whats going on, DO SOMETHING!! ‘support the bank and homeowners protection act’ propose it to your local government no matter where you are!
Great video! Thanks …
Great video! Thanks. Total support!
HISPANICS were the …
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren’t so greedy they would not be in this situation. Most of them didn’t even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
coffee is gross
coffee is gross
Lorax, you people …
Lorax, you people with money make me laugh. Putting a little cash in reserve if you can afford is great but you greedy folks think your going forever. You can’t take it with you. As you well know with Peak Oil & the current geopolitical situation, everything can go to in a handbasket very quickly or over night. My suggestion is enjoy what you can now, cause either there will be no tommorrow or it will be so bad that some trinkets of gold/silver will not soften the hard landing we will see.
Holy 15% …
Holy 15% inflation! At that rate in 5 years prices will have doubled. Even at 10% inflation in 7 years our dollar will be worth 50% less than it does today. That percentage is not substantial. In 50 years at 10% interest a gallon of gas will cost about 448 dollars and then 7 years later it will cost about 900 dollars a gallon. And I thought 3.50 was bad. Woodrow Wilson is indeed our worst president ever. We have to destroy the Fed before it’s too late. You just made me support Ron Paul.:)
I agree that …
I agree that cutting interest rates is an inflationary move, but can they cut interest rates below zero? It will come to a point where they will have to raise interest rates, thus causing deflation. Also, owning something of value isn’t a very good idea in a deflationary environment because next year, that “item of value” will be worth less, at least in dollar amounts. If a deflationary depression happens, gold, oil, houses and cars will all plummet in price. I agree with most of the video.
i would define ” …
i would define “thing of value” and Au, Ag, pt, pd because these are not taxable
hmmm no more m3.
hmmm no more m3.
thanks that …
thanks that clarifies alot.
deflation it is?
THANK YOU! I …
THANK YOU! I finally understand! This video led to the light bulb over my head finally glowing, in regards to deflation and interest rates. Your other videos, from peak oil to diet to precious metals are also great, and lead me to subscribe!
i’m not a starbucks …
i’m not a starbucks kinda girl . . .in fact, i don’t even drink coffee.
Stop going to …
Stop going to Starbucks.
Hi Lorax,
Will Ben …
Hi Lorax,
Will Ben cut rate again at the end of next month? Some people say that oil price is artificially inflated, what do you think?
the larger the …
the larger the entity the much more ppl stand to lose. it does not happen for every corp though as we all know.
where will the …
where will the government be when my small business fails…will they bail me out…will other ppl pay for my mistakes…of course not so why does bear sterns get bailed out
I agree with …
I agree with BanjoNaps – eliminate waste is a great first step. I also think almost anyone can save at least a little if they want to. Silver only costs $17 an oz. Still I sympathize with anyone on a low wage – after almost 100 years with a central bank, most people are basically indentured servants nowadays.