Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Janet Yellen Exposed --The Truth Behind the Myth, Part 1" video.

  1. I am sure individuals who lose their jobs and their homes will be able to survive. They will move in with other people, and they will take a menial job that pays $9 to $10/hr. That is how they will cope with it. They won't get violent.
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  2. How much is 1 lb of steel in 2013, and how much was 1 lb of steel in late 2008? In 2013, 1 lb of steel is 10 to 12 cents. In 2008, it was about 15 cents a pound. How much was cotton in 2008, and now? In 2008, 1 lb of cotton was $2.35. Today, 1 lb of cotton is $0.79. So, cotton is cheaper today than it was at the height of the crisis. Also, cotton is cheaper than steel, so they will still use steel to make a bridge! : P
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  3. There isn't anything wrong with having some supplies, & a way to protect yourself in case a natural disaster happens. I don't think there will be any political collapse unless something catastrophic happened. If a natural disaster did happen, the authorities will be there to assist you in days or a week at most.
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  4. Only if interest rates go up.
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  5. This total economic collapse is like a wet dream to you people isn't it? It will work for people. If they get violent, it will mean one of three things. Death, starving to death, or imprisonment. Who is the government? It is the people. I would trust the U.S. army, and I would never trust militia types like you.
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  6. Looks like the sheep people were right. There wasn't anything to be worried about. Late 2008, and early 2009 were just great buying opportunities. If you loaded up on stocks, real estate, and other real assets, you would have made a fortune. The doomsayers who stockpiled food, water, & survival gear are regretting what they did. The people who bought tons of ammo, made a ton of money if they sold it at inflated prices in early 2013!
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  7. I said, "There isn't anything wrong with CERT". I didn't say it was a anti-government militia. I know CERT is a government sponsored group. I also know conscription in times of national emergency is also legal. You don't need private militias. The militias the founding fathers were talking about are the armed forces of this nation, the national guard, and all law enforcement agencies.
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  8. They had been automating US factories since the 1980s, it isn't a recent event.
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  9. Most people are just frustrated because they can't find a good paying job. Even though that is true, you can always make money if you invest it wisely. The economy will never collapse, but individuals will collapse. To them, it may seem like the end of the world, but to others it is just another day. The sun will shine, and it is business as usual.
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  10. I am not a survivalist, nor a prepper. I initially bought into this economic collapse stuff back in late 2008, 2009, and 2010. I am young, so I was naive. Now I know better. I am not a liberal who doesn't believe in owning guns. I just see things for what they are. If the Fed government can borrow endless amts of money, there will be no collapse. The big corporations, Fed government can prop up this economy for a long time.
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  11. How can you know when you are going to get into a car accident are you a psychic? Besides, Peter's been wrong about hyperinflation. Oil was $150/barrel in 2008, and it is about $96.86/barrel today. All I see is a deflationary depression if the Fed Reserve doesn't keep interest rates low. The government is doing everything to prevent a depression which Peter calls the hard medicine.
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  12. Oil prices are so volatile that it has been going down for the past 5 years. It is going down because the economies around the world are slowing down. The Chinese economy is slowing down, and they will be in a financial crisis in a few years. Exports are dropping, and less resources are used. When I mean technology, I am talking about automation tech. Many corporations spend billions on streamlining their factories, warehouses, farms, etc with machines. More unemployment means deflation.
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  13. As long as the government has an infrastructure, electrical grid, a standing army, air force, public welfare system, and other safe guards, there will be no violence. If there are trouble makers, they will be dealt with swiftly.
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  14. We do have a militia in the U.S.A., it is called the National Guard.
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  15. The middle class was a recent phenomenon. Throughout history, you had only two classes of people, the dirty poor and the filthy rich. It is your choice, you can become rich or you can be left behind. I am going to ride the market and make my fortune. You can hope for the collapse that will never happen and become impoverished.
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  16. It is all very simple. Money is debt; therefore, if you create more liquidity in the economy everything will get better. Will there be hyperinflation due to the increased liquidity in the economy? Only if productivity is very low, but this is not the case in the United States. The GDP is higher than any other time in US history due to technology. So there are no problems, they can increase the debt ceiling every time, and we will have no hyperinflation!
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  17. I don't trust private militias, because I don't know what they stand for.
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  18. Militias in early colonial America were used for the following. Put down slave revolt, fight Indians, used for policing, fight foreign invasion, etc. They didn't have a strong national army or a police force in the early period of the U.S.A.. In the early days of the Roman Republic, you had a militia system like in the USA. Every man had to buy their own weapons for the collective defense of the city state.
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  19. You just don't understand how fast robotics and computer technology is advancing. There will be automated drones in a few years from now. You have aircraft that can land without a pilot, it would take about a decade before AI exceeds human intelligence. You will see humanoid robots in a decade if not sooner.
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  20. The only way for the economy to totally collapse is if we had World War 3, or a devastating natural disaster.
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  21. Regulations are the root cause of people being replaced by machines? You can't halt technological progress my friend. Once someone invents the better mouse trap, everyone will start to use it. I am sure regulations have a part to play, but it isn't the sole reason. They will be replacing Chinese workers with automated machines in the near future.
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  22. There will be other jobs created as a result of computerization and automation. There will be a demand for people who fix, maintain, and service these machines. The big corporations made billions of dollars in investments in automation. The small businessman can eat crow, they will be pushed out of the market. They have no real access to credit , but the mega corporations have corporate welfare, and they can borrow money at nearly 0%.
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  23. As for the money flooding the economy, it won't happen. Most of the money will be in the hands of a few billionaires, and many millionaires. More money in the hands of a small percentage of the population will block hyperinflation. As for the majority, who are probably down on their luck will only get enough money to survive.
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  24. That is why the economy will never collapse. Hyperinflation will not happen either, because it is the Federal government that is propping up most of the economy.
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  25. I am not insulting or looking down on anyone. I am merely saying people will get by. Besides, people won't get violent, because they will get their EBT cards. As long as they aren't hungry, people will not get violent.
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  26. There is no need for cheap labor, it can be replaced by robots. 10 years from now, we will probably have soldiers and police that are robots.
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  27. Printing money does make the deflation problem go away, and loaning out printed money at very low interest rates helps reinflate the stock market and the real estate market. It works, and it looks like there is no more economic crisis anymore.
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  28. That is exactly what I mean. These militias can be about anything. If they had half the chance, they would turn the country into a feudal fiefdom. They have a myriad of beliefs, so I don't trust these people.
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  29. There isn't anything wrong with CERT. It is the people who belong to these anti-government militias is what scares me.
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  30. This whole stock market crash was orchestrated for one reason. The reason being automation, robotics, and computer technology. Most workers are obsolete. Most factories, workshops, warehouses, online stores, etc. Even in the army they are using drones, self driving supply trucks, etc. So, they faked a recession. The middle class who lost their jobs due to automation and outsourcing will join the ranks of the permanent poor.
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  31. You doomsayers still believe the economy is going to crash, and we will be living in a road warrior world, ROFL. Wrong, wrong and wrong. As long as the infrastructure is still intact, life will go on. The doomsayers will most likely lose everything, because banking on a total collapse never happened.
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  32. They already have lawn mowing robots, they cost about $1 to $2k.
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  33. There isn't enough gold in the world to back China's currency or any currency in the world. Did you hear about the Chinese real estate bubble? The Chinese have 20 to 30 cities the size of New York, and Los Angeles which are completely empty. The U.S. exported more oil than they used for the past 3 years. Even if the petro dollar is dumped, the US has enough oil, coal, uranium, natural gas, and other sources of energy to get them through.
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  34. Sure automation requires more initial capital, but over time it does save a lot of money. In 6 months of a few years, the automated system will pay for itself. You don't need to turn on the lights, pay health insurance, no wages, no complaints, and you have a machine work force that can work around the clock.
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  35. The mega rich are buying stocks, dividend yielding stocks, and real estate. They aren't buying gold and silver. If dollars are so worthless, how come most people don't have it? How do you know what the mega rich are doing with their money? I can see that they are buying investing it in America.
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