That was five years ago. Yeah, yeah, yeah. It's coming, it's coming. These financial guys are always blowing their own horns. That and two dollars will get you a cup of coffee at Starbucks.
Bill is gifting us with an important but very short-term suggestion by recommending a stash of cash. I did not hear (or expect) a long-term solution to monetary policy because that would be missing the point of the interview. He's meerly telling anyone that will listen to brace for a big bump in the road. Where that road will lead is anyone's guess.
He's still not getting to the core problem of economic growthism, which demands perpetual debt cycles. Most of these analysts seem to think the system could work "IF ONLY" people would stop borrowing or being greedy, but the whole system is predicated on endless population growth and chasing fiat money. It needs to exist in balance with nature for true sustainability vs. the money-centric attitude that nature is infinite. If the root flaw of growthism is never challenged, nothing will really change. No other species tries to get away with pushing limits like Man.
+4aSteadyStateEconomy --- Not all humans live this way. Pyschopaths tend to covet power and control, easily rising above the others when there is no true rule of law. This is corruption. Corruption is self limiting. It self corrects after a certain point or when a certain level is reached. Tyrants have a limited rule. Most humans are just trying to survive. There are patterns, if you look. Tyrants are felled by masses or natural law, but they are felled. The only way for man to truly push through a limit is to push through it ethically, otherwise it becomes a wall he gets flattened by.
+Joanne Woodward I am with you on SOME of what you have written in the two posts from 1/24, but you and a few others are putting too much emphasis on continuing population growth in order to sustain societies. I think that's wrong, and would hope that when the USA elects a new POTUS they will choose one who takes a different view of this.
+Joanne Woodward There might be a grain of truth in that, but I suspect it's also true that the current economic model, where people have to work to earn money, makes the world of work insecure, so people strive to have enough so that they don't HAVE TO work... Being retired is essentially - hopefully - the first opportunity people get to have saved/invested enough to not work... So greed is merely "self preservation" but on a grand scale. Those who are lucky enough to have been born into wealth, have to do something to make themselves mean something - EGO - (Maslow's Hierarchy of Needs) As Willem Middlekoop (Dutch Author and Fund Manager) says, there are about 5,000 families who rule the world, and they mostly descend from monarchical families (and the ruling class) of the middle ages, who understand generational wealth, how to get it, and how to keep it. They get educated at the best schools, and come into contact with others of a similar mindset. When you change the system, you change the outcome. But as France and Russia have found, getting rid of the aristocracy, does not guarantee that you will become a better society. Post 1917, Russia descended into communism, and the French had their own Fascism in the 1930s/40s, and it is rearing its head again with Marine Le Pen, and others of Marie le Pen's ilk. Someone somewhere is always trying to get ahead, and come up with short term solutions, for what are long term problems. This book shows you how we got here, and what we might do to get out of it... www.scribd.com/doc/231404161/The-Coming-Battle-2013
Well, I dont have alot of cash. But I have no debt. We own our home. So I think Ill have a place to live. I do think people should have a food storage. In case we have no electric Ive stored candles. We have a fireplace for heat and even cooking. Want my husband to get a firepit for cooking outside. My husbands retirement is in annuities. Just take one day at a time. Things will happen beyond our control. We have always put our trust in God, and Hes never let us down. He is really the only thing we can trust in.
If you pay property taxes you don't really own your home. You are renting it back from the government. Get allodial title. Change the tax status of your property so you don't have to pay property taxes. You can only do this after researching the details and only if you do not have a mortgage. Unless people avoid property taxes they can lose their homes if the State decides to increase property taxes. Listen to my late Christian brother and actor John Quade on this and other matters. ruclips.net/video/TgGlvyCwNFA/видео.html
Sharon Crawford you wont have a place to live. I ' own ' 3 houses. They are coming for all of them. Read, Agenda 21 Silent weapons for quiet wars Creature from Jekyll Island 1984 Treaty of Rome Repirt from Iron Mountain This was one elitist PLAN
@@lindacianchetti3599 yes, I know about agenda 21. Im 62. So I may not be alive. But if I am thats ok. Ill just enjoy it while I have it. My concern isnt for myself, but Im concerned about my daughter and granddaughters, if the world is still here. But I do know about agenda 21. It might be a while before they can enforce that on the older generation. It wont be hard to enforce it on millinials because of how they are being brain washed.
@@lindacianchetti3599 -Are you delusional? You said: "They are coming for all of them" Who is "they" and why would they come arbitrarily for "all of them" Anybody can buy real estate and keep it unless you owe debts and do not pay your property taxes but even then you can get around that if you change your tax status to allodial title where you own your own home.
Brother Carlton We have been ostriches with our heads in the sand. Nazis came here, to America, post WWII. They have schemed to make us communist. One source food, diseases made on plum island, Brookhaven lab, psyops, vaccines, mercury, medicine, poison toxins, addictive, frankenstein babies, pestisides, floride, barium, strontium, lithium, ALUMINUM, LED, chemtrails, geoengineering, deployed by our own PENTAGON. Our military! Schooling, common (communist) core! No more how to think. But, what to think. No deviation. No script handwriting?! No discussions?! No debates?! Just memorize. Pass the test. Outrageous Loans for University that is leftist propaganda; playpens for brainwashing. Admission fees for senseless unfulfilling, rat race jobs. Property rights, threatened... OUR children, OUR land, OUR sovern states. Need I go on?
A wise man to know the more you try to control, the more out of control things will be. The markets, the market and only it will determine what will succeed or fail.
Damascus Steele but the market is not a free one it is a manipulated one and always has been. It's fiat. It's controlled by a private entity. Who havnt let it be free.
Bill Bonner in Sept 2015 advises : hold on to your cash, the real financial crisis is yet to come yet, 2015 - 2019 was probably the best 4 years of the American stock market in the last century. It shows that even the best minds can be terribly wrong and the best investors are often considered idiots and fools when they open their mouths but there is no argiung with their net worth.
@@GorgonDrageil actually, it is.....in september 2015 the s&p was at 1, 990....today, as I write this, it's at 4,283....that's 115% increase...and, credit crisis ? lol if you had done what bill had advised back in 2015 and held onto your cash, you'd regret it deeply in 2022. You would hvae lost 25% of your wealth. Pay attention, "wise one."
Get out of debt as fast as you can, don't use credit, stock up on food that will last at least a few years (including some freeze-dried), start a garden if you can, water purifiers, silver (and gold if you have a lot of money right now), but more silver, keep small notes of cash available , also a lot of coins , junk silver if you can (40% silver).. basic necessisities in case stores are not accessible for a couple years.. an alternative source of heat (like a wood stove) in other words, try to become self-sufficient like the Amish (the ones who don't have electricity)...
+Remnant Soldier Terrific and accurate advice... I'm doing that...paying off debt ASAP, stocking up, learning how to garden...stocked seeds, silver, resources, etc etc...Add a weapon to that list..and learn how to use it. Solar panel to charge radio..
+Brook Smith It is great to read from 'like-minded' survivors who 'read the signs' and take action. I bought seed and some very good gardening books.. Best of luck!
+Brook Smith Storm of The Century ???....Made me think of a ''Movie'' with an apocalyptic theme ? Do you think there will be a global financial crash ?
Bonner says he doesn't know why the system has survived as long as it has.My thought is that the U.S. is a country of salesmen and we have the best salesmen in the world.I think we have convinced the world how great we are.That makes them willing to hold our Dollars.If/when they stop believing our great salesmen,the Dollar will crash and the game will end.
Bull shit goes a long way, when you have the biggest navy ( I'm British.. in the 19th century British navy was Billy big balls, that Title has passed to our Atlantic cousins now ). very Darwinian might is right. The East is rising, the Chinese and Russians are buying Gold. When Gold and Oil are traded in anything other than dollars, that's when the dollar will crash.. best hoard gold and get the gasoline stored ..
Or its because most of the world has to trade us dollars for oil Usually referred to as the petro dollar Thus giving the us dollar a demand around the world Historically every time other countries get pissed that they have baught all these us dollars and we just keep printing more They try and sell off most and or stop buying them Then the us beats the ol war drum and the whole thing continues onwards
the world, ie. East and Middle East plus some of Europe have already begun "dumping" the dollar and trading outside the dollar. U.S. can try to bully everyone with sanctions, tariffs and war, but will not be able to stop this. The U.S. is in a process of isolating itself. Enough is enough!
Of course it's rigged, so is gold. The US is said to become the worlds #1 oil exporter by 2024. The US has enough oil underground in just one location inside Alaska to supply the US present yearly oil supply for 200 years. The present day worlds oil supply is far more importent than gold in practicality.
I’m watching this and wondering if/when this will happen, given the fact that it’s been 4 years since this video was uploaded. And a tumultuous 4 years at that.
many people never talk about a run on the banks.The banks only have about 10% of all deposits in cash.If more than 10% of the deposits are removed from the banks they will have to close their doors.And this has happened before.
Mike Maloney has an excellent series that explains this paradox of a worthless fiat currency being rare and precious in the final stages of its destruction
CheekyMonkey888 .....the big question is.....who’s gonna be buying gold / silver at the anticipated phenomenal rates it is expected to go to an ounce , if no-one will have cash and the credit supply dries up . Bartering and exchanging goods and services will be back along with black market economies as businesses collapse , high unemployment and homelessness along with power outages, commodities scarcity in essentials , I,e food and water shortages, clothing, medicines etc.....this time round , it will be difficult to convince the masses that anything is of any value, other than their survival for the day....Ezekiel 7:19.........it is the culmination of greed, corruption and mismanagement by governments , politicians, corporations and banking systems, ultimately destroying savings, investments, pensions of billions of people globally.... 2 Timothy 3:1-5......1 Timothy 6:9,10.......Luke 21:4,5.....Zephaniah 1:14-18... Matthew 24:3-22.....Romans 15:4.....Romans 10:9-15....John 3:16....Acts 17:30,31....Isaiah 45:18,22... Isaiah 60:12.....2 Corinthians 4:3,4......1 John 5:19.....Zephaniah 2:3.....Matthew 7:13,14..... psalm 37:9-11.....proverbs 1:5-33.....Revelation 11:18......2 Peter 3:3-7......Revelation 12:9-12.... Daniel 2:44.....Isaiah 9:6,7......psalm 2:1-12.....psalm 110:1-3.....psalm 37:29,34.....proverbs 2:21,22... Isaiah 60:12...psalm 83:18 KJV.....Ezekiel 38:23....
Yes, it's a fascinating game, like a mirage observed by tired and thirsty travelers in the desert. They know it's a mirage, but every fiber in their body needs to believe that the oasis, shown in the shimmering mirage, is beyond the horizon. Until they perish on the hot sand, disillusioned. Watch out for holographic mirages now!
Bill Gates: We will have another financial crisis, So i don't think holding unto cash is a good idea. Investing will be the best thing anyone would want too do at this period
Everyone knows investing is the best way of getting out of financial crisis and gaining financial freedom but not everyone knows how to invest despite having the money and zeal to do so.
Neville Oscar You can start by investing in Bitcoin and forex. I do make some money from investing in Bitcoin and Forex, that earned me $9000 last week and i'm not even the one doing the trading
The canon of value has become distorted. You have homes in one town for a million dollars then drive 30 minutes away and same house $350,000. It's so corrupt and the influance of the corruption is seeping into everything.
It is NOT luck that the current FIAT money system lasts so long, there are no working alternatives so politics and institutions around the world find ways to get it going!
Actually it is because the Federal Reserve is a privately owned company enforced by armies. It works like this: "Use are currency that we have complete control of or we will destroy you".
@@OliverWilliams1 True, in fact my biggest worry is the day, when the world transitions over from the USD to CNY. Nobody knows to what length the Shot-first-think-later Americans will go to.
Great interview! Bill seems like a sound mind. Never forget the power or bartering. We still can utilize currency, but nothing wrong with trading the ancient way either. Something to consider when trying to protect your family’s wealth. Invest in what is useful everyday, not a puffed up stock or bond.
no this financial system was not started in 1971, try what tricks FDR & FRB did after the engineered crash/depression. so many smart people are ignorant of the key.
Nair Byad, you're absolutely right. I don't even pretend to understand economics, but I still wonder if we have already experienced the consequences of Nixon's removal of the dollar from the gold standard, or if those consequences are still out there waiting to be triggered. Your thoughts?
@@1492tomato I agree, they're still waiting to be triggered. The only reason it worked at the time is all other countries were too weak to argue. Now we're on a level playing field, almost.
I love watching these videos after some time has passed just to see how these people have no clue. Three years later and he is wrong on so much...gold bugs...listen to them and you and your money will soon be parted
In a real world How can the interest rate continue to be above zero if you keep creating larger deficits by printing money without backing to keep the economy afloat?
When, not if, this fraudulent system of money/ debt creation collapses, and it will soon, the currency in any form will be worth not much. The death knock is when one of two things happen. 1. More QE devaluing currencies further and further till their worthless ; 2. The banks tighten right up on their lendiding( reduction in available credit ) forcing prices of house down, putting people in negative equity and forcing recession and you have ARMAGEDDON. I would not want to be a Rothschild at that stage. All their disgusting greed for wealth and power will get them and their family nothing. People are working it all out and they will come for them in droves
I am so happy to intelligence once again. Great analysis, I find his style similar to Ken Fisher, so now I must catch up with Fisher's view of current market. My own favorite insight continues to be that US economy has held up so well because there is absolutely nowhere else to go. I will keep a few extra dollars available, now that he reminds me... lol
What's the sense in holding cash if the economy were to crash and the powers that be are pushing for a cashless society. The Fed would simply declare that cash, gold and silver are obsolete and won't recognize them as an exchange.
Yes money loses its value when more is in circulation. But its also a medium of exchange for goods and services. The problem isn't the Federal Reserve it's the government's growing deficits that are causing inflation. This is a problem in practically every nation around the world. Government's need to be trimmed down at least 3% a year for the next 25 year's.
Low interest rates to zero interest rates to negative interest rates. Sounds like we are the frog in the pot with the water getting slowly hotter and hotter. No way it can end well for the frog.
I find this comical. Banksters talking about stockpiling fiat currency and fail to truly understand there is nothing making a paper US dollar worth more than a Monopoly game dollar except the "Greater fool theory". I agree that people should keep cash on hand, maybe 5K, preferably in smaller bills but that would be for cyber attacks, power outages etc. Not for this scenario as there would be no faith left in it after a couple of months. I'd use the 5K to buy physical things needed to survive because when most people have no cash at all, your 5K in cash is going to buy a whole lot more than it will today.
This is not a 'recession', or a 'reset', or a 'wealth transfer', or a 'correction'. This is a TOTAL meltdown Psalms 46: 4-6. The war between the US, allies and Iran; together with the war between the EU and Russia; at a time of banking systems meltdown in the EU that causes the crash of the Euro; also introducing famine Ezekiel 7: 19; are the two major wars, also associated with a number of smaller wars; which are all outlined in prophecy for the time period called the Great tribulation. Matthew 24: 15-22 Ezekiel 7: 19-22 Jeremiah 25: 17 -26. Daniel 8: 20, 23-25. There are a lot more Scriptures that are relevant to these out -breaking wars. That is why we can see that the whole world is embroiled in wrath at this time. Jeremiah 25: 26 Revelation 11: 18. The EU is BOMBED The Middle East is BOMBED and Iran is BOMBED. THESE WARS melt down the financial system to zero with the loss of all instruments; including silver, gold, criptos....A TOTAL MELT DOWN. Psalms 46: 4-6. This system is over with this; and a new system called God's Kingdom Matthew 24: 14, 30 and also called the Paradise Luke 23: 43 takes over the affairs of mankind; because these political authorities are all thrown out together; and Christ is installed in earth-wide power in their places. Revelation 19: 11, 19-21, Revelation 12: 10, Rev 11: 15, 18. THEY STUFF IT WITH THEIR WARS; THEY ARE THROWN OUT; AND CHRIST, TOGETHER WITH HIS BROTHERS BRING IN A GOVERNMENT OF PEACE AND JUSTICE, IN THEIR PLACES. These WARS END the present day fiat currency system. Isaiah 2: 18-20. Christ has a REPUTATION; but the 'wild beast' governments, with their LIES and MANSLAYING are following after SATAN the Devil; John 8: 44, who leads all of THEM into disaster. Then, after a period of time, Satan is also EXECUTED Revelation 20: 10. The MEN stuff it; and the true God, Jehovah, performs a RESCUE and SOLVES IT. This is the end of the system of man ruling over man, under Satan's secret deceptions. GOD's Kingdom under Christ the King takes over our affairs Matthew 24: 14, 30. Revelation 11: 15, 18. Revelation 12: 10. Do you want to see $250 TRILLION worth of world debt all get destroyed at one time? THEN KEEP WATCHING. YOU can be a SURVIVOR Revelation 7: 9, 14.
Kay Bass, thank you for your post with enough evidence to show what is really at play here. Let those that can see and understand, know that those times are here now. Man made laws are Against GOD'S LAWS and to turn Mankind from the Narrow Path. Thank You!
@@donaldgoembel7109 The time frame, is found in Revelation 9: 5, 10. A five month cataclysm rages, according to my comment here; and then Jehovah cuts it off. This action saves mankind from being completely lost. Revelation 24: 21, 22. So plan for a five month crisis like nothing ever seen before in the history of mankind. The cut- off to rescue mankind means the loss of all the wicked. Psalms 92: 7. This action makes the distress suddenly end. The new system arriving called God's Kingdom shines brilliantly compared with the pathetic shambled we now see. The faithful John 3: 16 are marked for survival. Ezekiel 7: 19 The Euro collapses. Revelation 18: 17: "Because in one hour such riches have been devastated!" In God's Kingdom Isaiah 55: 1: "Come you people! Buy wine and buy milk, without money and without price.!" The loss of all fiat currencies means the loss of electricity, and the loss of the Internet. So your cripto- currency, and your block-chain are out there somewhere; but you will never see them again. There is a formula for the conclusion of the present system: military madness + financial crazy = end of system Romans 9: 28. How long do we have? Fortunately we know. Whenever they are saying: "Peace and security!" sudden destruction is to be instantly upon them. 1Thessalonians 5: 2, 3. How far away is Mr Kurshner's peace agreement? The 'one hour' period indicated above in Revelation 18: 17 represents a rupture, or a crisis that freezes up the banking system. It's like the loud noise when the Titanic struck an iceberg. It occurs in Europe. It takes time for the entire system to melt down at a time of military madness. The same source of advice that tells us these things, also tells us what the true God Jehovah is doing about it. FIND OUT today.
@@donaldgoembel7109 military madness + financial crazy = end of system Romans 9: 28 and arrival of Christ along with the Kingdom of God. The new financial reality at this time: "Come you people! Buy wine and buy milk without money and without price." Isaiah 55: 1. THIS planet will be cleansed, beautified, restored, redeveloped, and will resemble a Paradise Luke 23: 43. Persons of faith John 3: 16 are marked for SURVIVAL. The wicked come to their end Psalms 92: 7 and this means the distress is over. WE love God; and He Himself loves US and sent forth Christ to us. NOW the time comes when Christ comes with rocks and heavenly objects in tow Matthew 24: 29, 30 Luke 21: 25, 26 and He will create ORDER out of CHAOS. He will displace the rule of WICKED political leaders; who are all EXECUTED. Revelation 19: 11, 19-21. Who is there that doubts the righteousness of Christ? That is why we need to SHOUT IT FROM THE ROOFTOPS. The nations became wrathful....and Christ along with His angels will bring all wickedness to an end; and provide a new system for those of the meek, faithful and righteous ones. Revelation 11: 18. John 3: 16 Psalms 37: 11, 29. Do you want to experience true healing? Isaiah 35: 4-7. Then just continue in faith and love! Jehovah has inspired the writers of Scriptures to tell us what will happen. Let us give thanks to the God of our salvation. Let us give glory to Jehovah on the Day of His arriving to rescue all those of faith today!
Love to hear what Bill Bonner has to say about things, he's one of my idols. We can always resort back to wampum beads like in seventeenth century Massachusetts and New York where six wampum beads equated to one penny...:) I am curious how crypto currencies will play out in the coming currency crisis though.
He mentions "gold" a few times but what about "silver"? Historically the gold-to-silver ratio has been roughly 40- to- 1 but it's currently about 80-to-1, meaning silver should increase in value at twice the rate that gold does. Thoughts?
I thought Mr. Bonner was really intelligent and I like a lot of what he says but this interview really made me lose respect for him. For someone who claims to understand the dire situation we are in these days, some of his comments were just flat out wrong.
I have. He was pushing a false misleading agenda!! Cash.... yeah yeah. And he's a money expert type of guy? Well if he is he's a lier. Cash won't be worth a ml liquid ass
@@symbologee I'm not sure why you're responding to me without quoting Mr. Bonner. I have no intention of responding to non-specifics in this conversation.
I think Mr. Bonner is correct. When the shock comes, no telling where, aggregate spending will decline precipitously, the $ will appear to be the least worse currency, but as deflation shrinks the economy, inflationary processes will kick in. The Fed will have no levers to pull to correct this downturn. This downturn could last for an extended period time.
What made this cycle so durable ???... So so military investment, military dominance of the peaceful USA ? Are u sure of that ? Or is it just a suggestion ? MoneyWeek not MoneyWeak ! Proud of NM, proud of military activities, why not ? @1:33 Gess what... the answer : he say's it's luck ! Yes military actions are lucky actions.
***** No sir, I don't think they can ever pay back the debt and as for WW111, well they may be holding that over us as a threat, so that we would lean more to peace and a NWO agenda.. Notice they are being very careful to keep the battle with Isis and not anywhere else yet although Turkey, backed by US is pushing it. When I said US is not rich, I am talking about the majority of the people that is American and those coming from other parts of the world, the jobless, homeless and no more middle class is what your government wants.They have decreased your military and fired 20 Generals who didn't like what was happening to America. They raise the taxes, take your homes, lands, health care and constitution and now they want your guns too so you can't fight for freedom and if you try to fight, they'll just cut off the grid in your area.. If you want peace more than war......then accept their agenda NWO that is their agenda.
+Barbara Dallaire The uber wealthy are rich (along with major corporations) the middle class is paying for both and you are correct it is an "illusion" which can only exist for so long.
+Barbara Dallaire I agree. The real reason the rates for interest are so low (I got a buck for my savings this year and remember cd rates at much higher levels). The interest on the debt alone is staggering. All fake information to scare the public and hide the real facts from them. www.usdebtclock.org Military complex (one can research Bush Cheney for starters on the real reasons for "war" as you state.) One woman who got onto the grid, was fined for collecting rain water (in Oregon as well and other states)... Solar (toxic to those who create the components, China for one) and Electric companies have a fit in some states. We are no longer the land of the Free. (I realized this when post fire wanted to do my own therapies - almost dead and could not until a medical freedom act was passed) I grew up reading my mothers medical books and over time realized the forces (Rx, AMA founded by Rockefeller to endorse his chemical companies verses natures methods - save for a car wreck so on, one needn't be silly about choices). Her old Merck manual full of wonderful treatments, now modern full of toxic drugs. (In psychology we had to study all drugs on the market at the time, they are called "toxicity" not side effects.
I do believe nature has answers if we study her and there are plenty of books on the subject of natures cures. I collected rain water all the time I have been here but now I don't trust that any more as what comes down from the sky is not what it used to be ever since Fukashima blew her top, we have been getting the particles pushed by the winds right over Canada. My tomatoes were watered with that rain water and I didn't want to eat them as they looked gross and not healthy like other years. I dumped the rain water and didn't save it over the winter like I used to. I don't have a giger counter but should have one I guess. I take liquid Iodine in my water and water filter from the tap water and still wonder if it's safe from the radiation particles in our atmosphere. I know that prayer gives me comfort in all these situations, whether it be wars, pollution, or whatever comes with the refugees coming over here.. If it weren't for Jesus, a person could be scared witless but I have no fear of living or dying in our present circumstances.
sazure2 As per money system well we know that won't last forever, it's just paper and they keep printing it so nothing to back it up right. what good isit to save it the banks are paying -0 int. and that means eventually they'll have us pay money to them for keeping our money in the bank. I think they were doing that already when they charged int when there was activity or no activity on your account. The world banking system is failing and the NWO that they keep preaching about, will come up with their one world currency eventually so what do we do now? Wait for the crunch and in the mean while buy your necesities of life, enough to last at least 3 or 4 months incase the banks freeze your accounts like Greece did. Pay of your credit though first of all or pay in full each month. I got out of debt over a year ago and it is the greatest feeling to be free of it.
Right now, I'm not sure how sound his advice is as we are being moved to a cashless society. This gives central banks more control, for good or ill. As for the inflationary cycle, it's already begun to move towards inflation as China needs to meet demands for higher wages. So far it has been disguised through smaller pack sizes etc, but CPI disguises the real impact on households. Central bankers are now focussing on trying to control the speed of inflation as there is no other way to go. Unlike Sully, none of these pilots are trained to crash landings. Buckle up, we're in for a bumpy ride...
Id say ur probably right, I would add that one need only take a look at all the executive orders of the past 10 years and get a look at what it will be like, remembering laws like the NDAA that already suspend the constitutional right to due process. There are orders that provide a total takeover of our entire infrastructure, even communications like internet and TV, and also including transportation and food distribution, ur freedom of movement can be revoked in an instant, and even farms will no longer be privately operated. We can see all the preperations the government has made, even joint military and police drills, news flash, the police isnt training to go overseas, jade helm was not a drill for future operations accross the ocean, that was for the homeland future, George Orwell couldnt have dreamed a worse scenario, most people have no idea
Henry Chinaski not sure? I'm wondering if tv will work. I'm stocking up on my media so I've got all the fun stuff and the series eg rocky, lord of the rings and SVU . And a heap of pop corn and candy. Yeeeehaaaa
In Australia, the Government is trying to push a limit holding and paying cash thru legislation. Add to this a recommendation that if interest rates go negative to have a dual payment system for goods. All goods would have an E-Card Price and a Cash Price the cash price would have a penalty rate attached. Supposedly stops cash hoarding and Guarantees the Banks remain fluid?
@@KyleLuce This chap doesn't predict how long it'll take to get there, just says gradually running out of tools to combat economic issues like in 2008 and advises on how to diversify your portfolio for potential issues. How is he a goon?
@@dylanriver3347 the point, is recessions eventually happen with 100% probability, given enough time. Just stating that "eventually there will be one" isn't at all meaningful. Any actual useful predictions are either luck, or brute force iteration: simply stating one is coming soon every year and certainly being correct eventually (stopped clock , prediction). TLDR: recession prediction is intractable and no one gets this correct reliably. Anyone stating otherwise is likely trying to sell you something.
@@KyleLuce You might like this video about predictive systems, link at bottom of message. Very interesting even if not possible :) I think it's quite clear that the economy isn't going to bounce back and it's going to be incredibly difficult over the next few years for most people. Time to educate and prepare, gold as a hedge 4 years ago when this video came out wouldn't have been a bad idea 😋 ruclips.net/video/FEFkGpZEy0U/видео.html
Without understanding the story of money you can not understand how all this was possible. You can read and see all this is "A Brief History of Money - How we got Here and Whats Next?" . An Amazon reader: "Rarely can one find such good work. It reads easily and very exciting. Great job!"
It was the late eighteenth century free trade advocate Adam Smith and not Keynes who said there is a lot of ruin in a country. He was referring to the great damage inflicted by mercantilism, the highly flawed economic system practiced by most countries in Europe at the time.
Fiat money. Petro-dollar. Based on Oil. Black gold. Traded all over the world. Loved by globalists. That's why it lasted so long. But this is a very good time to diversify.
Well, it's 2019 now. How have things worked out since this interview? I've been jamming all I can into my 401 and IRAs. I've made good money. Glad I didn't follow his advice.
Saw your comment and had to log in the US used every citizens 401 and Pension Fund to prop up the economy a decade ago ITS ALL GONE.What you actually hold is an IOU for your 401. The Stock market is Booming REALLY? The Stock market is being propped up with cash injections from the FED 300 Billion in QE and 40 Billion for the Market . Prices are over-hyped while actual Dividends are falling THE STOCK MARKET IS SPECULATION NOT REALITY. Two Giant Distressed Funds Gate Clients From Withdrawing Money | Zero Hedge. www.zerohedge.com/markets/two-giant-distressed-funds-gate-clients-withdrawing-their-money US Fed pulls 75 billion cash Rabbit 🐰 from thin air every day just to keep economy afloat the USS Titanic is about to hit a 💩 Iceberg. And they tell you America is booming ruclips.net/video/H5SJhyjSXH0/видео.html
Last month , the Internet was down, several stores i stopped at that morning... Said . Cash only .. not only credit could dry up, but the grid could go down...
The Gist - The problem is the rules since they are made by politicians who don't know their rules are only reflections of their misconceived ideas of how real wealth is created.
If I held on cash as this BSer promoted, I would Hv missed 200% on overall market by using general Index etf … which of course I didn’t so I made 300%+ as long term investor lol…
I am surprised how someone as knowledgeable as BB can be naive to the degree that they miss the signs that the gov can manipulate markets as they see fit. One could argue the validity of the govs judgement but not their power to apply it...
Yes, we are all careening headlong into this cashless society. The powers that be will be pitching this cashless idea as "so convenient ", & the clueless among us will not be aware, nor care of the inherent dangers. One day in the not so far away future, "they" will announce an edict, "turn in your cash, under penalty of law". Those still possessing cash will be instantly labelled criminals, subject to incarceration & "re-education". It's already started in the big cities of China.
"the more in charge of the world you are, the less well the world will work" Words to ponder next time you are lined up in an election to vote for x,y or z. Imagine NO ONE showed up to vote for an election except the candidates themselves. That would be the start of a new world. The idea of democracy sure looked good on paper but we quickly realize it is not compatible with human nature. We somehow need to figure out a cloud based system to govern ourselves.
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.......
Theres a crash coming, the dollar will lose value and a new currency will replace it as the world currency for trade, the world economy taking a new reserve currency alone will vastly decrease dollar values overnight, hold onto cash if u want, but its not going to be worth much. We are going to default on the national debt, and cash withdrawl will be restricted for a time period to prevent a bank run,( like in greece), and products will go up in cost, as businesses fail and unemployment goes up, and there will be nowhere near enough entitlements available to feed hungry people,( like Venezuela), and the politicians running the show tha last 7 years have only served to make it happen a decade sooner, so dont look for them to help us. Civil unrest, martial law, and maybe even an election delay are in our future, dont be naive, stocking cash or gold wont be the only things u will wish for, its going to be a madhouse. Better have a plan and food stocked, bc once it starts, u wont have long to get whatever u may need, so now is the time to stock up on meds, food, etc, anything u may need to live. Imagine all the people who wont have their blood pressure and other meds they need, its going to get bad, people will do awful things to feed their hungry children, keep ur pets inside ur house.....
Agree, and here we are. So what else did you do to prepare? If not holding cash in banks, what are you investing in? Gold, silver? Waiting to sweep up stocks when it crashes to its bottom? Farm land, real estate? What is best? I think make yourself as self-sufficient as possible. I have a garden and lots of fruit trees and grow some vegetables, but honestly for some reason this year my fruits are less yield ( idk why but noticed less bees?), and my vegetables are not going to sustain us only supplement. Like what s growing is the size of my finger or hand- idk why it is my growing big? So have the seeds but idk why not really growing? Guess we are going to starve- sheesh! Do have birds - if my dh lets me even touch them, his pets- but hey, if in a crisis situation those are fair game lol!
Cash limits the lower bound of interest rates to zero. Below zero, people withdraw their cash. This is why the IMF released a working paper in April of 2019: "Enabling deep negative interest rates to fight a recession: a guide." in which they discuss the means of creating a cashless society. Look at the cash limits imposed in the Eurozone, where their bond rates are negative. That's not a coincidence.
![Gunna - HIM ALL ALONG [Official Video]](http://i.ytimg.com/vi/w7Wf0h1Q8a4/mqdefault.jpg)
That was five years ago. Yeah, yeah, yeah. It's coming, it's coming. These financial guys are always blowing their own horns. That and two dollars will get you a cup of coffee at Starbucks.
It is now 6 years old, and the message is still the same,, same,, same,,♾️ "Two men enter, one man leaves!!!"--Mad Max. Metaverse Now!!!
@@deesus1085 Is it, though??
Well, mate, how's it going now??
In other words, have some cash & gold on hand because I have no clue WTF is gonna happen and when. Thx, Bill.
Bill is gifting us with an important but very short-term suggestion by recommending a stash of cash. I did not hear (or expect) a long-term solution to monetary policy because that would be missing the point of the interview. He's meerly telling anyone that will listen to brace for a big bump in the road. Where that road will lead is anyone's guess.
Well said James
He's basically predicting runaway deflation
He's still not getting to the core problem of economic growthism, which demands perpetual debt cycles. Most of these analysts seem to think the system could work "IF ONLY" people would stop borrowing or being greedy, but the whole system is predicated on endless population growth and chasing fiat money. It needs to exist in balance with nature for true sustainability vs. the money-centric attitude that nature is infinite. If the root flaw of growthism is never challenged, nothing will really change. No other species tries to get away with pushing limits like Man.
+4aSteadyStateEconomy --- Not all humans live this way. Pyschopaths tend to covet power and control, easily rising above the others when there is no true rule of law. This is corruption. Corruption is self limiting. It self corrects after a certain point or when a certain level is reached. Tyrants have a limited rule. Most humans are just trying to survive. There are patterns, if you look. Tyrants are felled by masses or natural law, but they are felled. The only way for man to truly push through a limit is to push through it ethically, otherwise it becomes a wall he gets flattened by.
+Joanne Woodward I am with you on SOME of what you have written in the two posts from 1/24, but you and a few others are putting too much emphasis on continuing population growth in order to sustain societies. I think that's wrong, and would hope that when the USA elects a new POTUS they will choose one who takes a different view of this.
+Joanne Woodward
There might be a grain of truth in that, but I suspect it's also true that the current economic model, where people have to work to earn money, makes the world of work insecure, so people strive to have enough so that they don't HAVE TO work... Being retired is essentially - hopefully - the first opportunity people get to have saved/invested enough to not work... So greed is merely "self preservation" but on a grand scale.
Those who are lucky enough to have been born into wealth, have to do something to make themselves mean something - EGO - (Maslow's Hierarchy of Needs) As Willem Middlekoop (Dutch Author and Fund Manager) says, there are about 5,000 families who rule the world, and they mostly descend from monarchical families (and the ruling class) of the middle ages, who understand generational wealth, how to get it, and how to keep it. They get educated at the best schools, and come into contact with others of a similar mindset.
When you change the system, you change the outcome. But as France and Russia have found, getting rid of the aristocracy, does not guarantee that you will become a better society. Post 1917, Russia descended into communism, and the French had their own Fascism in the 1930s/40s, and it is rearing its head again with Marine Le Pen, and others of Marie le Pen's ilk.
Someone somewhere is always trying to get ahead, and come up with short term solutions, for what are long term problems. This book shows you how we got here, and what we might do to get out of it...
www.scribd.com/doc/231404161/The-Coming-Battle-2013
you should listen to prof Steve Keen too mate
@Joanne Woodward oh
smartest guy I've heard in a long time
+Todd Lavigne
keep an eye on the jewish bankers know what the future holds
+Jared Thompson ....?
Yep, very smart. But reading the comments I don't think most people really get what he is saying.
+roddaz That doesn't surprise me.
He's wrong though
What the fed did in the 80s can never happen with our debt. The dollar will crash and inflate not the other way around
Well, I dont have alot of cash. But I have no debt. We own our home. So I think Ill have a place to live. I do think people should have a food storage. In case we have no electric Ive stored candles. We have a fireplace for heat and even cooking. Want my husband to get a firepit for cooking outside. My husbands retirement is in annuities. Just take one day at a time. Things will happen beyond our control. We have always put our trust in God, and Hes never let us down. He is really the only thing we can trust in.
If you pay property taxes you don't really own your home. You are renting it back from the government. Get allodial title. Change the tax status of your property so you don't have to pay property taxes. You can only do this after researching the details and only if you do not have a mortgage. Unless people avoid property taxes they can lose their homes if the State decides to increase property taxes. Listen to my late Christian brother and actor John Quade on this and other matters. ruclips.net/video/TgGlvyCwNFA/видео.html
Sharon Crawford you wont have a place to live.
I ' own ' 3 houses.
They are coming for all of them.
Read, Agenda 21
Silent weapons for quiet wars
Creature from Jekyll Island
1984
Treaty of Rome Repirt from Iron Mountain
This was one elitist PLAN
@@lindacianchetti3599 yes, I know about agenda 21. Im 62. So I may not be alive. But if I am thats ok. Ill just enjoy it while I have it. My concern isnt for myself, but Im concerned about my daughter and granddaughters, if the world is still here. But I do know about agenda 21. It might be a while before they can enforce that on the older generation. It wont be hard to enforce it on millinials because of how they are being brain washed.
@@lindacianchetti3599 -Are you delusional? You said: "They are coming for all of them" Who is "they" and why would they come arbitrarily for "all of them" Anybody can buy real estate and keep it unless you owe debts and do not pay your property taxes but even then you can get around that if you change your tax status to allodial title where you own your own home.
Brother Carlton
We have been ostriches with our heads in the sand. Nazis came here, to America, post WWII.
They have schemed to make us communist. One source food, diseases made on plum island, Brookhaven lab, psyops, vaccines, mercury, medicine, poison toxins, addictive, frankenstein babies, pestisides, floride, barium, strontium, lithium, ALUMINUM, LED, chemtrails, geoengineering, deployed by our own PENTAGON. Our military! Schooling, common (communist) core! No more how to think. But, what to think. No deviation. No script handwriting?! No discussions?! No debates?! Just memorize. Pass the test. Outrageous Loans for University that is leftist propaganda; playpens for brainwashing. Admission fees for senseless unfulfilling, rat race jobs.
Property rights, threatened...
OUR children, OUR land, OUR sovern states.
Need I go on?
A wise man to know the more you try to control, the more out of control things will be. The markets, the market and only it will determine what will succeed or fail.
Damascus Steele but the market is not a free one it is a manipulated one and always has been. It's fiat. It's controlled by a private entity. Who havnt let it be free.
Alan Keyes was defeated by an upstart Barack Obama for a vacant Senate seat. The rest is history.
NO..ONLY THE ROTHSCHILDS
Bill Bonner in Sept 2015 advises :
hold on to your cash, the real financial crisis is yet to come
yet, 2015 - 2019 was probably the best 4 years of the American stock market in the last
century. It shows that even the best minds can be terribly wrong and the best investors
are often considered idiots and fools when they open their mouths but there is no argiung
with their net worth.
Or just an idiot sells book to the misinformed. Listen to Bill and literally lose your ass.
Hi, I'm speaking from 2022... that's... not quite the case anymore...
@@GorgonDrageil actually, it is.....in september 2015 the s&p was at 1, 990....today, as I write this, it's at 4,283....that's 115% increase...and, credit crisis ? lol if you had done what bill had advised back in 2015 and held onto your cash, you'd regret it deeply in 2022. You would hvae lost 25% of your wealth. Pay attention, "wise one."
@@stevejones8090 Those who call Themselves wise usually aren’t thanks for your comment Steve
@Streetlocksmith how's it going now???
Get out of debt as fast as you can, don't use credit, stock up on food that will last at least a few years (including some freeze-dried), start a garden if you can, water purifiers, silver (and gold if you have a lot of money right now), but more silver, keep small notes of cash available , also a lot of coins , junk silver if you can (40% silver).. basic necessisities in case stores are not accessible for a couple years.. an alternative source of heat (like a wood stove) in other words, try to become self-sufficient like the Amish (the ones who don't have electricity)...
+Remnant Soldier Terrific and accurate advice... I'm doing that...paying off debt ASAP, stocking up, learning how to garden...stocked seeds, silver, resources, etc etc...Add a weapon to that list..and learn how to use it. Solar panel to charge radio..
+Brook Smith Good take my friend , , , expect it much sooner.
+Brook Smith It is great to read from 'like-minded' survivors who 'read the signs' and take action. I bought seed and some very good gardening books.. Best of luck!
+Brook Smith Storm of The Century ???....Made me think of a ''Movie'' with an apocalyptic theme ? Do you think there will be a global financial crash ?
+Ra Isis Yes, I do. I think it will collapse like Dominos..slowly at first..and then accelerate to a crash.. months or years? I don't know.
Bonner says he doesn't know why the system has survived as long as it has.My thought is that the U.S. is a country of salesmen and we have the best salesmen in the world.I think we have convinced the world how great we are.That makes them willing to hold our Dollars.If/when they stop believing our great salesmen,the Dollar will crash and the game will end.
I agree .. We have a society of people with BS degrees . and that is why all the illegals are here because some one has to do the real work.
beastmode32 then we take the gold and oil.
Bull shit goes a long way, when you have the biggest navy ( I'm British.. in the 19th century British navy was Billy big balls, that Title has passed to our Atlantic cousins now ). very Darwinian might is right. The East is rising, the Chinese and Russians are buying Gold. When Gold and Oil are traded in anything other than dollars, that's when the dollar will crash.. best hoard gold and get the gasoline stored ..
Or its because most of the world has to trade us dollars for oil
Usually referred to as the petro dollar
Thus giving the us dollar a demand around the world
Historically every time other countries get pissed that they have baught all these us dollars and we just keep printing more
They try and sell off most and or stop buying them
Then the us beats the ol war drum and the whole thing continues onwards
the world, ie. East and Middle East plus some of Europe have already begun "dumping" the dollar and trading outside the dollar. U.S. can try to bully everyone with sanctions, tariffs and war, but will not be able to stop this. The U.S. is in a process of isolating itself. Enough is enough!
IMO, it's not so much luck but algorithmic rigging that has kept the petrodollar going.
Of course it's rigged, so is gold. The US is said to become the worlds #1 oil exporter by 2024. The US has enough oil underground in just one location inside Alaska to supply the US present yearly oil supply for 200 years. The present day worlds oil supply is far more importent than gold in practicality.
Thats why someone cut the lines with a fireaxe that time?.
@Motorcitymadman What to you mean?
All markets are manipulated.
Nothing can be done.
@Dale Hemme Bald?
River City MOVERS sooooo ? Gotta. Work with the hand we dealt son.l..or I guess we can just bitch....😂
Ngvccg. Vv. Bhjyi.
I am watching this on 11 Oct. 2019 and it is remarkable to observe this man's foresight. He is/was more prescient than Max Keiser.
me too
I’m watching this and wondering if/when this will happen, given the fact that it’s been 4 years since this video was uploaded. And a tumultuous 4 years at that.
i wonder why we are all getting this from the algos now??? feels like a push to cash???wonder if metals are going higher????
@RocheSimon....Keiser is too animated for me. I prefer this guy...more laid back and simply goes straight to the target.
Max Keiser is a buttcoin bullsh!tter.
Great interview. Love the last quote " the more that you are in charge of the world the less well the world will work".
kei927 regalassets.com/request-free-gold-investment-kit?id=15773
4 years later, same story. This system is absurd, how does it keep going?
I'm watching this video 12/12/19- 4 years after this aired. Nothing has changed, yet.
many people never talk about a run on the banks.The banks only have about 10%
of all deposits in cash.If more than 10% of the deposits are removed from the banks
they will have to close their doors.And this has happened before.
This gets my anxiety hyped up too. But I plan to diversify like many of the experts are saying. I'm retired with a heart condition ,
I hope you're doing well, Karla.
Mike Maloney has an excellent series that explains this paradox of a worthless fiat currency being rare and precious in the final stages of its destruction
CheekyMonkey888 .....the big question is.....who’s gonna be buying gold / silver at the anticipated phenomenal rates it is expected to go to an ounce , if no-one will have cash and the credit supply dries up . Bartering and exchanging goods and services will be back along with black market economies as businesses collapse , high unemployment and homelessness along with power outages, commodities scarcity in essentials , I,e food and water shortages, clothing, medicines etc.....this time round , it will be difficult to convince the masses that anything is of any value, other than their survival for the day....Ezekiel 7:19.........it is the culmination of greed, corruption and mismanagement by governments , politicians, corporations and banking systems, ultimately destroying savings, investments, pensions of billions of people globally....
2 Timothy 3:1-5......1 Timothy 6:9,10.......Luke 21:4,5.....Zephaniah 1:14-18...
Matthew 24:3-22.....Romans 15:4.....Romans 10:9-15....John 3:16....Acts 17:30,31....Isaiah 45:18,22...
Isaiah 60:12.....2 Corinthians 4:3,4......1 John 5:19.....Zephaniah 2:3.....Matthew 7:13,14.....
psalm 37:9-11.....proverbs 1:5-33.....Revelation 11:18......2 Peter 3:3-7......Revelation 12:9-12....
Daniel 2:44.....Isaiah 9:6,7......psalm 2:1-12.....psalm 110:1-3.....psalm 37:29,34.....proverbs 2:21,22...
Isaiah 60:12...psalm 83:18 KJV.....Ezekiel 38:23....
Yes, it's a fascinating game, like a mirage observed by tired and thirsty travelers in the desert. They know it's a mirage, but every fiber in their body needs to believe that the oasis, shown in the shimmering mirage, is beyond the horizon. Until they perish on the hot sand, disillusioned. Watch out for holographic mirages now!
Bill Gates: We will have another financial crisis, So i don't think holding unto cash is a good idea. Investing will be the best thing anyone would want too do at this period
Everyone knows investing is the best way of getting out of financial crisis and gaining financial freedom but not everyone knows how to invest despite having the money and zeal to do so.
Spooky Jenny Exactly, i fall in the category of people who want to invest having the money and zeal but lacks the experience.
Neville Oscar You can start by investing in Bitcoin and forex.
I do make some money from investing in Bitcoin and Forex, that earned me $9000 last week and i'm not even the one doing the trading
Neville Oscar Gregory Davids can help you.
44 77 2371 6941
gregorystevedavids (qt) g m q i l - c o m
@@aldrichbyron5748 Thanks for sharing. I really want to be earning weekly and i'm now i can directly message him
Excellent interview. Great ending comments.
The canon of value has become distorted. You have homes in one town for a million dollars then drive 30 minutes away and same house $350,000. It's so corrupt and the influance of the corruption is seeping into everything.
The Solution to Fiat Currency & inflation is right here.
www.freedomwkaratbars.club
any business based on credit will be gone like car repair shops
Except for Utilities...et.al.
Unless they begin taking crypto or pm's....
It is NOT luck that the current FIAT money system lasts so long, there are no working alternatives so politics and institutions around the world find ways to get it going!
Actually it is because the Federal Reserve is a privately owned company enforced by armies. It works like this:
"Use are currency that we have complete control of or we will destroy you".
@@OliverWilliams1 True, in fact my biggest worry is the day, when the world transitions over from the USD to CNY. Nobody knows to what length the Shot-first-think-later Americans will go to.
September 2019: Only 25% of all US transactions involve cash!
I think it's Sweden that has 2% cash used. Now the higher ups are telling plain folks to keep some cash in house!! Interesting.
In which case, how would anyone know?
Fascinating discussion - the low down is then : hold Gold, Silver, Bitcoin, Cash, and certain cheap stocks. Very excellent discussion once again.
Better off buying gold and silver mining companies before any rate cuts....but you better be quick..the cash will depreciate.
Amazing - read his book in 2004 Finacial Reckoning Day - catching up now through you was so enlightening. Many thanks
§
Great interview! Bill seems like a sound mind. Never forget the power or bartering. We still can utilize currency, but nothing wrong with trading the ancient way either. Something to consider when trying to protect your family’s wealth. Invest in what is useful everyday, not a puffed up stock or bond.
Now that they printed trillions. He is 95% right. I taught myself economics and he was a good teacher Along with Mike malloney and Peter shiff
no this financial system was not started in 1971, try what tricks FDR & FRB did after the engineered crash/depression. so many smart people are ignorant of the key.
Nair Byad, you're absolutely right. I don't even pretend to understand economics, but I still wonder if we have already experienced the consequences of Nixon's removal of the dollar from the gold standard, or if those consequences are still out there waiting to be triggered. Your thoughts?
@@1492tomato I agree, they're still waiting to be triggered. The only reason it worked at the time is all other countries were too weak to argue. Now we're on a level playing field, almost.
where do you recommend we keep cash? the bank?
Dig a hole and bury it. Lol.
I love watching these videos after some time has passed just to see how these people have no clue. Three years later and he is wrong on so much...gold bugs...listen to them and you and your money will soon be parted
In a real world How can the interest rate continue to be above zero if you keep creating larger deficits by printing money without backing to keep the economy afloat?
What good will cash do if they keep devaluing it by printing more of it
When, not if, this fraudulent system of money/ debt creation collapses, and it will soon, the currency in any form will be worth not much. The death knock is when one of two things happen. 1. More QE devaluing currencies further and further till their worthless ; 2. The banks tighten right up on their lendiding( reduction in available credit ) forcing prices of house down, putting people in negative equity and forcing recession and you have ARMAGEDDON. I would not want to be a Rothschild at that stage. All their disgusting greed for wealth and power will get them and their family nothing. People are working it all out and they will come for them in droves
Technological development have changed everything (they do not get it jet),
now we just saw off the bransch we are sitting on.
again abolish the fed!
We need to start a bank run..Cause the crash before there planned demo and dont except there new debt model..Fed Now.
@@truewealth50 oh they will take your money out your account before they announce a crash
@@jamal4Christ Not me...
I unbanked YEARS ago!!!
@@truewealth50 then they will just make sure you cant cash your check
@@jamal4Christ Banks will always take your money.Even after the crash,you can give them all your money.
he has been saying this since 2010 at least. i read the DAILY RECKONING religiously. they missed out on epic gains over that last 11 years.
Not Luck, the US Military. All competitive currencies have been attacked.
I am so happy to intelligence once again. Great analysis, I find his style similar to Ken Fisher, so now I must catch up with Fisher's view of current market. My own favorite insight continues to be that US economy has held up so well because there is absolutely nowhere else to go. I will keep a few extra dollars available, now that he reminds me... lol
one word describes this. CONSUMERISM.
What about reproductionism.
What's the sense in holding cash if the economy were to crash and the powers that be are pushing for a cashless society. The Fed would simply declare that cash, gold and silver are obsolete and won't recognize them as an exchange.
2 words. Porter Stansberry in 2010. Bonner is a CROOK
Yes money loses its value when more is in circulation. But its also a medium of exchange for goods and services. The problem isn't the Federal Reserve it's the government's growing deficits that are causing inflation. This is a problem in practically every nation around the world. Government's need to be trimmed down at least 3% a year for the next 25 year's.
Low interest rates to zero interest rates to negative interest rates.
Sounds like we are the frog in the pot with the water getting slowly hotter and hotter.
No way it can end well for the frog.
"Hi ho...Kermit the frog here...to sau frogs like liley pads and nice swamps and ponds...not water on the stove.""
Trade the frog for gold or silver. You do not HAVE to be the Frog. wake up!
So, what is our time frame on this? Do we have an approximate time-frame for this financial apocalypse?
I find this comical. Banksters talking about stockpiling fiat currency and fail to truly understand there is nothing making a paper US dollar worth more than a Monopoly game dollar except the "Greater fool theory". I agree that people should keep cash on hand, maybe 5K, preferably in smaller bills but that would be for cyber attacks, power outages etc. Not for this scenario as there would be no faith left in it after a couple of months. I'd use the 5K to buy physical things needed to survive because when most people have no cash at all, your 5K in cash is going to buy a whole lot more than it will today.
my dad went nuts once and started stockpiling our sauna full of sardines and peanut butter...maybe he foresaw this coming event?
jenn macfar you have to rotate inventory finding tired of sardines a p.butter chef boyardee dingy moore better get canned veggys.
I've always been interested in what Bill has to say.
This is not a 'recession', or a 'reset', or a 'wealth transfer', or a 'correction'.
This is a TOTAL meltdown Psalms 46: 4-6. The war between the US, allies and Iran; together with the war between the EU and Russia; at a time of banking systems meltdown in the EU that causes the crash of the Euro; also introducing famine Ezekiel 7: 19; are the two major wars, also associated with a number of smaller wars; which are all outlined in prophecy for the time period called the Great tribulation. Matthew 24: 15-22 Ezekiel 7: 19-22 Jeremiah 25: 17 -26. Daniel 8: 20, 23-25.
There are a lot more Scriptures that are relevant to these out -breaking wars. That is why we can see that the whole world is embroiled in wrath at this time. Jeremiah 25: 26 Revelation 11: 18.
The EU is BOMBED The Middle East is BOMBED and Iran is BOMBED.
THESE WARS melt down the financial system to zero with the loss of all instruments; including silver, gold, criptos....A TOTAL MELT DOWN. Psalms 46: 4-6. This system is over with this; and a new system called God's Kingdom Matthew 24: 14, 30 and also called the Paradise Luke 23: 43 takes over the affairs of mankind; because these political authorities are all thrown out together; and Christ is installed in earth-wide power in their places. Revelation 19: 11, 19-21, Revelation 12: 10, Rev 11: 15, 18.
THEY STUFF IT WITH THEIR WARS; THEY ARE THROWN OUT; AND CHRIST, TOGETHER WITH HIS BROTHERS BRING IN A GOVERNMENT OF PEACE AND JUSTICE, IN THEIR PLACES.
These WARS END the present day fiat currency system. Isaiah 2: 18-20. Christ has a REPUTATION; but the 'wild beast' governments, with their LIES and MANSLAYING are following after SATAN the Devil; John 8: 44, who leads all of THEM into disaster. Then, after a period of time, Satan is also EXECUTED Revelation 20: 10.
The MEN stuff it; and the true God, Jehovah, performs a RESCUE and SOLVES IT. This is the end of the system of man ruling over man, under Satan's secret deceptions.
GOD's Kingdom under Christ the King takes over our affairs Matthew 24: 14, 30. Revelation 11: 15, 18. Revelation 12: 10.
Do you want to see $250 TRILLION worth of world debt all get destroyed at one time? THEN KEEP WATCHING. YOU can be a SURVIVOR Revelation 7: 9, 14.
We are there !
Kay Bass, thank you for your post with enough evidence to show what is really at play here. Let those that can see and understand, know that those times are here now. Man made laws are Against GOD'S LAWS and to turn Mankind from the Narrow Path. Thank You!
Christians know the future--we win in Christ!
@@donaldgoembel7109 The time frame, is found in Revelation 9: 5, 10. A five month cataclysm rages, according to my comment here; and then Jehovah cuts it off. This action saves mankind from being completely lost. Revelation 24: 21, 22. So plan for a five month crisis like nothing ever seen before in the history of mankind. The cut- off to rescue mankind means the loss of all the wicked. Psalms 92: 7. This action makes the distress suddenly end. The new system arriving called God's Kingdom shines brilliantly compared with the pathetic shambled we now see. The faithful John 3: 16 are marked for survival.
Ezekiel 7: 19 The Euro collapses. Revelation 18: 17: "Because in one hour such riches have been devastated!" In God's Kingdom Isaiah 55: 1: "Come you people! Buy wine and buy milk, without money and without price.!" The loss of all fiat currencies means the loss of electricity, and the loss of the Internet. So your cripto- currency, and your block-chain are out there somewhere; but you will never see them again. There is a formula for the conclusion of the present system: military madness + financial crazy = end of system Romans 9: 28. How long do we have? Fortunately we know. Whenever they are saying: "Peace and security!" sudden destruction is to be instantly upon them. 1Thessalonians 5: 2, 3. How far away is Mr Kurshner's peace agreement?
The 'one hour' period indicated above in Revelation 18: 17 represents a rupture, or a crisis that freezes up the banking system. It's like the loud noise when the Titanic struck an iceberg. It occurs in Europe. It takes time for the entire system to melt down at a time of military madness. The same source of advice that tells us these things, also tells us what the true God Jehovah is doing about it. FIND OUT today.
@@donaldgoembel7109 military madness + financial crazy = end of system Romans 9: 28 and arrival of Christ along with the Kingdom of God. The new financial reality at this time: "Come you people! Buy wine and buy milk without money and without price." Isaiah 55: 1. THIS planet will be cleansed, beautified, restored, redeveloped, and will resemble a Paradise Luke 23: 43. Persons of faith John 3: 16 are marked for SURVIVAL. The wicked come to their end Psalms 92: 7 and this means the distress is over. WE love God; and He Himself loves US and sent forth Christ to us. NOW the time comes when Christ comes with rocks and heavenly objects in tow Matthew 24: 29, 30 Luke 21: 25, 26 and He will create ORDER out of CHAOS. He will displace the rule of WICKED political leaders; who are all EXECUTED. Revelation 19: 11, 19-21. Who is there that doubts the righteousness of Christ? That is why we need to SHOUT IT FROM THE ROOFTOPS. The nations became wrathful....and Christ along with His angels will bring all wickedness to an end; and provide a new system for those of the meek, faithful and righteous ones. Revelation 11: 18. John 3: 16 Psalms 37: 11, 29. Do you want to experience true healing? Isaiah 35: 4-7. Then just continue in faith and love! Jehovah has inspired the writers of Scriptures to tell us what will happen. Let us give thanks to the God of our salvation. Let us give glory to Jehovah on the Day of His arriving to rescue all those of faith today!
The problem is private debt. The levels are unprecedented.
pay attention to this....thanks, great interview
Hold on to your money? pretty bad advice considering how fast inflation will rise in the next decade.
No thanks
Love to hear what Bill Bonner has to say about things, he's one of my idols. We can always resort back to wampum beads like in seventeenth century Massachusetts and New York where six wampum beads equated to one penny...:) I am curious how crypto currencies will play out in the coming currency crisis though.
I don't have any idea why it hasn't crashed these past thirty years....but buy my book!
roberto ribas right. It won't untill the environment can't support modern agriculture
He mentions "gold" a few times but what about "silver"? Historically the gold-to-silver ratio has been roughly 40- to- 1 but it's currently about 80-to-1, meaning silver should increase in value at twice the rate that gold does. Thoughts?
BAD ADVICE-i think that woman knows he is giving bad advice.
What about stocking up on
RNB?
I thought Mr. Bonner was really intelligent and I like a lot of what he says but this interview really made me lose respect for him. For someone who claims to understand the dire situation we are in these days, some of his comments were just flat out wrong.
'some of his comments were just flat out wrong'
this is the part where you're supposed to say which comments were wrong, and why they are wrong....
I have. He was pushing a false misleading agenda!! Cash.... yeah yeah. And he's a money expert type of guy? Well if he is he's a lier. Cash won't be worth a ml liquid ass
@@VegetoStevieD Bonner is a gatekeeper of sorts. Like Alex Jones is.
@@symbologee
I'm not sure why you're responding to me without quoting Mr. Bonner.
I have no intention of responding to non-specifics in this conversation.
I think Mr. Bonner is correct. When the shock comes, no telling where, aggregate spending will decline precipitously, the $ will appear to be the least worse currency, but as deflation shrinks the economy, inflationary processes will kick in. The Fed will have no levers to pull to correct this downturn. This downturn could last for an extended period time.
Spend cash for hard assets. Land, tools, equipment...
What if we don't have cash.
Is 3 monthss of cash to pay bills etc be enough for banks to revamp?
"I don't know, guess it is luck". How arrogant. I am stupid and don't understand economics would have been the right answer.
That Dud Sound Dumb As Hell"..He Don't Know..Stupid As Shit..
Bill Bonner is definitely not stupid...do some research on the man....
What made this cycle so durable ???... So so military investment, military dominance of the peaceful USA ? Are u sure of that ? Or is it just a suggestion ? MoneyWeek not MoneyWeak ! Proud of NM, proud of military activities, why not ? @1:33
Gess what... the answer : he say's it's luck ! Yes military actions are lucky actions.
I am sorry, I don't understand how you can say US is so rich when you're so in debt?
***** No sir, I don't think they can ever pay back the debt and as for WW111, well they may be holding that over us as a threat, so that we would lean more to peace and a NWO agenda.. Notice they are being very careful to keep the battle with Isis and not anywhere else yet although Turkey, backed by US is pushing it.
When I said US is not rich, I am talking about the majority of the people that is American and those coming from other parts of the world, the jobless, homeless and no more middle class is what your government wants.They have decreased your military and fired 20 Generals who didn't like what was happening to America. They raise the taxes, take your homes, lands, health care and constitution and now they want your guns too so you can't fight for freedom and if you try to fight, they'll just cut off the grid in your area.. If you want peace more than war......then accept their agenda NWO that is their agenda.
+Barbara Dallaire The uber wealthy are rich (along with major
corporations) the middle class is paying for both and you are correct it
is an "illusion" which can only exist for so long.
+Barbara Dallaire I agree. The real reason the rates for interest are so low (I got a buck for my savings this year and remember cd rates at much higher levels). The interest on the debt alone is staggering. All fake information to scare the public and hide the real facts from them.
www.usdebtclock.org
Military complex (one can research Bush Cheney for starters on the real reasons for "war" as you state.)
One woman who got onto the grid, was fined for collecting rain water (in Oregon as well and other states)... Solar (toxic to those who create the components, China for one) and Electric companies have a fit in some states.
We are no longer the land of the Free. (I realized this when post fire wanted to do my own therapies - almost dead and could not until a medical freedom act was passed) I grew up reading my mothers medical books and over time realized the forces (Rx, AMA founded by Rockefeller to endorse his chemical companies verses natures methods - save for a car wreck so on, one needn't be silly about choices). Her old Merck manual full of wonderful treatments, now modern full of toxic drugs. (In psychology we had to study all drugs on the market at the time, they are called "toxicity" not side effects.
I do believe nature has answers if we study her and there are plenty of books on the subject of natures cures.
I collected rain water all the time I have been here but now I don't trust that any more as what comes down from the sky is not what it used to be ever since Fukashima blew her top, we have been getting the particles pushed by the winds right over Canada. My tomatoes were watered with that rain water and I didn't want to eat them as they looked gross and not healthy like other years. I dumped the rain water and didn't save it over the winter like I used to. I don't have a giger counter but should have one I guess. I take liquid Iodine in my water and water filter from the tap water and still wonder if it's safe from the radiation particles in our atmosphere. I know that prayer gives me comfort in all these situations, whether it be wars, pollution, or whatever comes with the refugees coming over here.. If it weren't for Jesus, a person could be scared witless but I have no fear of living or dying in our present circumstances.
sazure2 As per money system well we know that won't last forever, it's just paper and they keep printing it so nothing to back it up right. what good isit to save it the banks are paying -0 int. and that means eventually they'll have us pay money to them for keeping our money in the bank. I think they were doing that already when they charged int when there was activity or no activity on your account.
The world banking system is failing and the NWO that they keep preaching about, will come up with their one world currency eventually so what do we do now? Wait for the crunch and in the mean while buy your necesities of life, enough to last at least 3 or 4 months incase the banks freeze your accounts like Greece did. Pay of your credit though first of all or pay in full each month.
I got out of debt over a year ago and it is the greatest feeling to be free of it.
Right now, I'm not sure how sound his advice is as we are being moved to a cashless society. This gives central banks more control, for good or ill. As for the inflationary cycle, it's already begun to move towards inflation as China needs to meet demands for higher wages. So far it has been disguised through smaller pack sizes etc, but CPI disguises the real impact on households. Central bankers are now focussing on trying to control the speed of inflation as there is no other way to go. Unlike Sully, none of these pilots are trained to crash landings. Buckle up, we're in for a bumpy ride...
Will the Internet still be working during the crash?
Id say ur probably right, I would add that one need only take a look at all the executive orders of the past 10 years and get a look at what it will be like, remembering laws like the NDAA that already suspend the constitutional right to due process. There are orders that provide a total takeover of our entire infrastructure, even communications like internet and TV, and also including transportation and food distribution, ur freedom of movement can be revoked in an instant, and even farms will no longer be privately operated. We can see all the preperations the government has made, even joint military and police drills, news flash, the police isnt training to go overseas, jade helm was not a drill for future operations accross the ocean, that was for the homeland future, George Orwell couldnt have dreamed a worse scenario, most people have no idea
Henry Chinaski not sure? I'm wondering if tv will work. I'm stocking up on my media so I've got all the fun stuff and the series eg rocky, lord of the rings and SVU . And a heap of pop corn and candy. Yeeeehaaaa
In Australia, the Government is trying to push a limit holding and paying cash thru legislation. Add to this a recommendation that if interest rates go negative to have a dual payment system for goods. All goods would have an E-Card Price and a Cash Price the cash price would have a penalty rate attached. Supposedly stops cash hoarding and Guarantees the Banks remain fluid?
This vid is four years old. LOL. Real good forecaster. Maybe his crystal ball needs a tune-up.
If these goons cry enough about recessions eventually they'll be right lol. "Broken clock" forecasting. ;)
@@KyleLuce This chap doesn't predict how long it'll take to get there, just says gradually running out of tools to combat economic issues like in 2008 and advises on how to diversify your portfolio for potential issues. How is he a goon?
@@dylanriver3347 the point, is recessions eventually happen with 100% probability, given enough time. Just stating that "eventually there will be one" isn't at all meaningful.
Any actual useful predictions are either luck, or brute force iteration: simply stating one is coming soon every year and certainly being correct eventually (stopped clock , prediction).
TLDR: recession prediction is intractable and no one gets this correct reliably. Anyone stating otherwise is likely trying to sell you something.
@@KyleLuce You might like this video about predictive systems, link at bottom of message. Very interesting even if not possible :)
I think it's quite clear that the economy isn't going to bounce back and it's going to be incredibly difficult over the next few years for most people. Time to educate and prepare, gold as a hedge 4 years ago when this video came out wouldn't have been a bad idea 😋
ruclips.net/video/FEFkGpZEy0U/видео.html
😀 Really? 😆
Without understanding the story of money you can not understand how all this was possible. You can read and see all this is "A Brief History of Money - How we got Here and Whats Next?" . An Amazon reader: "Rarely can one find such good work. It reads easily and very exciting. Great job!"
A good conversation. Thank you:)
what if governments abolish cash and the currency is purely digital (which they are already advocating for)?
This joker doesn't know what he is talking about, The dollar is going to zero.
It was the late eighteenth century free trade advocate Adam Smith and not Keynes who said there is a lot of ruin in a country. He was referring to the great damage inflicted by mercantilism, the highly flawed economic system practiced by most countries in Europe at the time.
invest in brass and lead
BULLETS.....
Fiat money. Petro-dollar. Based on Oil. Black gold. Traded all over the world. Loved by globalists. That's why it lasted so long. But this is a very good time to diversify.
Lost me at "luck"...
Take your money out of the banks or they'll take it for bail In. A bill past not long ago
Well, it's 2019 now. How have things worked out since this interview? I've been jamming all I can into my 401 and IRAs. I've made good money. Glad I didn't follow his advice.
Saw your comment and had to log in the US used every citizens 401 and Pension Fund to prop up the economy a decade ago ITS ALL GONE.What you actually hold is an IOU for your 401. The Stock market is Booming REALLY? The Stock market is being propped up with cash injections from the FED 300 Billion in QE and 40 Billion for the Market . Prices are over-hyped while actual Dividends are falling THE STOCK MARKET IS SPECULATION NOT REALITY.
Two Giant Distressed Funds Gate Clients From Withdrawing Money | Zero Hedge.
www.zerohedge.com/markets/two-giant-distressed-funds-gate-clients-withdrawing-their-money
US Fed pulls 75 billion cash Rabbit 🐰 from thin air every day just to keep economy afloat the USS Titanic is about to hit a 💩 Iceberg. And they tell you America is booming
ruclips.net/video/H5SJhyjSXH0/видео.html
Trump is winning there is a sucker born every minute
. Pick your spot on the pavement while you can.
Last month , the Internet was down, several stores i stopped at that morning... Said . Cash only .. not only credit could dry up, but the grid could go down...
Apparently you have no idear what the Petro dollar is #billitary #jimminycrypto
The Gist - The problem is the rules since they are made by politicians who don't know their rules are only reflections of their misconceived ideas of how real wealth is created.
I think the best thing the world can do is to condemn the debt of every country and to start fresh again
Enrique Mesonero Me too! Countries need to become self-sufficient.
Taking my money out now
Sea shells I'm trading my gold for shells just in case ...lol..nope.!
is disinflation and negative inflation the same as deflation?
I'm building an underground bunker. see ya
You're the man!😂😂
Can't believe this was 3 years ago.
Can you tell us the location of that bunker? Hahahaha!
Better to have 5G cell signal. DHS will drop a smoke canister into your bunker.
Do you live at 10 Cloverfield Lane ? ~(,, ,,">
If I held on cash as this BSer promoted, I would Hv missed 200% on overall market by using general Index etf … which of course I didn’t so I made 300%+ as long term investor lol…
and still not yet 2017
7 years too early my friend
I am surprised how someone as knowledgeable as BB can be naive to the degree that they miss the signs that the gov can manipulate markets as they see fit. One could argue the validity of the govs judgement but not their power to apply it...
Gabriel21733
But the government can change with the idea that gold is money not paper promises .why will they keep pushing credit.
Gabriel21733 experts don't miss basics good sir. But they do tell porky pies.
When the economy finally collapses like yall said Id love to use 1/3 of my gold / silver to buy accessible land and goats &chickens
Economics aside there was one hell of a lot of flirting going on there :)
Joe Lunchbox
Lol, could you feel the chemistry ?
Damn right, if the cameras weren't on those two would be at it behind the couch :)
Joe Lunchbox
I got the same feeling , 😂
Stinking Fish Guitars
Lol 😀😀
Yes, we are all careening headlong into this cashless society. The powers that be will be pitching this cashless idea as "so convenient ", & the clueless among us will not be aware, nor care of the inherent dangers. One day in the not so far away future, "they" will announce an edict, "turn in your cash, under penalty of law". Those still possessing cash will be instantly labelled criminals, subject to incarceration & "re-education". It's already started in the big cities of China.
The MoneyWeek editor in chief is economizing by not getting a haircut. :D lol!
"the more in charge of the world you are, the less well the world will work"
Words to ponder next time you are lined up in an election to vote for x,y or z.
Imagine NO ONE showed up to vote for an election except the candidates themselves. That would be the start of a new world.
The idea of democracy sure looked good on paper but we quickly realize it is not compatible with human nature. We somehow need to figure out a cloud based system to govern ourselves.
Woah I was not expecting him to mention Bitcoin as sound money...and this video is from 2015???
Yep, that one threw me as well!
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.......
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.........
Theres a crash coming, the dollar will lose value and a new currency will replace it as the world currency for trade, the world economy taking a new reserve currency alone will vastly decrease dollar values overnight, hold onto cash if u want, but its not going to be worth much. We are going to default on the national debt, and cash withdrawl will be restricted for a time period to prevent a bank run,( like in greece), and products will go up in cost, as businesses fail and unemployment goes up, and there will be nowhere near enough entitlements available to feed hungry people,( like Venezuela), and the politicians running the show tha last 7 years have only served to make it happen a decade sooner, so dont look for them to help us. Civil unrest, martial law, and maybe even an election delay are in our future, dont be naive, stocking cash or gold wont be the only things u will wish for, its going to be a madhouse. Better have a plan and food stocked, bc once it starts, u wont have long to get whatever u may need, so now is the time to stock up on meds, food, etc, anything u may need to live. Imagine all the people who wont have their blood pressure and other meds they need, its going to get bad, people will do awful things to feed their hungry children, keep ur pets inside ur house.....
Agree, and here we are. So what else did you do to prepare? If not holding cash in banks, what are you investing in? Gold, silver? Waiting to sweep up stocks when it crashes to its bottom? Farm land, real estate? What is best? I think make yourself as self-sufficient as possible. I have a garden and lots of fruit trees and grow some vegetables, but honestly for some reason this year my fruits are less yield ( idk why but noticed less bees?), and my vegetables are not going to sustain us only supplement. Like what s growing is the size of my finger or hand- idk why it is my growing big? So have the seeds but idk why not really growing? Guess we are going to starve- sheesh! Do have birds - if my dh lets me even touch them, his pets- but hey, if in a crisis situation those are fair game lol!
Started in the early 1970s. A few years after the US went off the Gold Standard.
@@lingmingching1 yep
By telling others to get their money out, HE is creating the crisis. He will most likely profit from it as well.
I suggest you think about it some more... keep thinking!
Cash limits the lower bound of interest rates to zero. Below zero, people withdraw their cash. This is why the IMF released a working paper in April of 2019: "Enabling deep negative interest rates to fight a recession: a guide." in which they discuss the means of creating a cashless society. Look at the cash limits imposed in the Eurozone, where their bond rates are negative. That's not a coincidence.