"Get far away from USA... it's collapse will be messy."

[popsmoke]

Quote from Jeff Berwick

[ame]http://youtu.be/jP84xZ4Frn0[/ame]

Very good video. Very good points.
If you have a few minutes, you should watch what the world is saying about us.

 

[AtTheMurph]

Well I think he is exactly right. The US is already in a debt trap which occurs when the debt service payments start to grow exponentially.

Ours should be increasing rapidly now but we have this thing called a printing press which can forestall the interest rate rise until it can't.

Our system is debt based and debt based systems have one fatal flaw - they only work when there is growth that outpaces new debt issuance. Where the problem starts is that new debt is borrowing from future growth so the more you borrow the more your growth is limited.

You reach debt saturation, which is where we are now. Then you have to have a mechanism to soak up that additional debt needed to try to spur more growth. That would be our printing press at the Fed.

What the printing and buying of debt does is set the stage for a hyper-inflationary event that wipes out the faith in the currency as a store of value. Everyone everywhere rushes to buy anything and everything to get rid of the dollar. Prices will soar, the government will blame "speculators", "hoarders" and anyone else that sounds good to deflect the blame. But the damage will be done and the collapse will be quick and very painful.

None of this takes a rocket scientist to figure out. It's happened before throughout history with the same results we will see here. The very rich will still be very rich, the very poor will still be very poor but the middle and upper middle classes will be destroyed. Exactly the opposite of what those lying politicians say they are trying to do.

I'd never heard of this guy but I like him. I've started looking for property in Chile about 8 months ago. Pretty stable government, little debt, plentiful natural resources and they have already thrown the socialists out of power 35 years ago! They've been through it.

 

[TennesseeWilliams]

Great video. Couldn't agree more.

 

[Pinchaser]

Fiscally, the guy seems a bit immature but he generally makes sense. After about the 7:00 mark, however, he lines up with the whackos of the world and loses any credibility he might have garnered in the video up until that time....

 

[cosermann]

Where to exactly?

 

[SmileDocHill]

Where to exactly?

Galt's Gulch

 

[Westside]

I don't see the US invading Canada for it's natural resources.

 

[Westside]

Fiscally, the guy seems a bit immature but he generally makes sense. After about the 7:00 mark, however, he lines up with the whackos of the world and loses any credibility he might have garnered in the video up until that time....

This too.

 

[teddy12b]

I don't see the US invading Canada for it's natural resources.

If you don't think they would then you should have been there when we went looking for WMD's. I don't think it's likely, but at the same time if the debt crisis went on very long it wouldn't surprise me either.

In my eyes when they have given up on limiting their printing in QE infinity, and also given up on a debt ceiling, those two signs them selves should show people who are watching what an economically dangerously time we're living in.

 

[Chr15topher]

Subscribed

 

[HeadlessRoland]

I don't see the US invading Canada for it's natural resources.

Then you underestimate the true girth and resources of Canada.

Canada occupies the largest landmass of any nation on Earth.
Much of it is inhospitable, but in timber, ores, pure water, tar sands, shale oil, exotic wildlife, Canada outranks pretty much any other place on Earth for valuable resources.

Canada has, for instance, has almost as much value in timber than Saudi Arabia does in oil, to put it in perspective.

As for invasion plans, we have plans to invade pretty much everywhere. We won't, because we do roughly 1.5 billion dollars of trade per DAY with Canada, but it is already written down as to how exactly we might invade Canada.

 

[The Stig]

Canada occupies the largest landmass of any nation on Earth.
.

Do you mean by its own land mass, the continent it is part of, or other?

Russia land mass = almost double.

Just askin'.

 

[jbombelli]

I don't see the US invading Canada for it's natural resources.

Manifest Destiny.

They are historically our 51st province. We have always known this day would come, when we would liberate our Canadian brothers and bring them into the fold of these Glorious United States.

Our brothers to the north deserve nothing less.

 

[miguel]

Approximately 90% of Canadians live within 100 miles of the US border. Though unlikely we'd do it, that fact would simplify things.

 

[LEaSH]

Some late Saturday nights we used to invade Canada for poutine. This was pre 2001. Border crossing was easy back then.

 

[HeadlessRoland]

I stand corrected, second-largest landmass on the planet.

Also, poutine tastes terrible.

 

[Pilfin]

Rather than leave the US, I have to wonder if some of the states with simply secede from the union. Texas seems like a possibility.

 

[netsecurity]

I tend to agree with him about our inevitable collapse at least. It appears Obama has sealed our fate by adding eight years of increased spending and Obamacare to the bill. I happen to think the gun grab is all about the government wanting better control when the system topples and there is chaos, which is why Homeland Security has been buying so many bullets too. They want us to be good little boys and starve to death without fighting, while they pool all the resources as they see fit. It is a horrible scenario, but it seems that they are preparing for it, so we should be too.

 

[Prometheus]

"This is the USSR in 1989"

Hard to argue with the numbers. I don't see anyway out of this. Even if the government balanced the budget (what budget?) tomorrow, it wouldn't do a thing to change the unfunded liabilities.

It's not going to end well.

Edit:
I just made it to the end of the video. As to his end comments? I think it's more plausible for the US invade Canada than it is for the dollar not to collapse, lol.

Do we really think that with Reid running the Senate, Barry in the whitehouse and a lapdog like Bohener in the house that they wouldn't try *anything* to keep the welfare state above water?

We are living in a bizarre world where anything is possible at this point... Highly unlikely? Yes. Impossible? No.

 

[Gun Bunny]

I think if it comes down to it, we would invade Canada or any country that has anything we need.

When the collapse happens and Americans are starving, cold and no money, we will demand something to be done, that is I feel what our government wants, to be dependent on the government for everything. It almost seems that is what they are trying to do right now with all the spending with no cuts.

We are heading toward this and there just seems to be nothing we as "the people" can do to stop this. Have we passed the point of no return yet? I don't know, our so called leaders just don't care or they are apart of this, hard to tell.

O.K., rant over.