This video explains - in very simple language - why we're completely doomed thanks to monetary policy. I figured it would be important to watch for most people because this is a very unknown aspect of governmental policy.
Anyway - it basically explains why your money will soon be worthless.
Evan-- I saw a video yesterday with this French man...he is getting a movement together for December 7th. They are all going to take their money out of the banks! He says the banks are the problem in the world, and only one way to get them.....render them useless. He calls it a bloodless revolution. If the whole world could get behind it....can you imagine?
Max Keiser is saying buy silver. Guess ole Beckles was wrong about gold. Me personally?? Doesn't matter. By the end of the week, I have 0 money in my bank account anyway. And I'm not kidding. That's how badly this economy has fallen since 2000.
those are called "bank runs" and they used to be common. They work because the banks take one of your dollars, and then create 9 dollars out of thin air via fractional reserve banking. So, 10 people have claim to 1 dollar. it makes no sense, and is theft, but banks are allowed to do it.
The problem nowadays is that you can't get gold for you money.
There's a reason why gold costs 1400 today -- it's a market's true money. Silver is like gold's cheap brother... although each ounce is going for 26 bucks lately (it hit 30 after bernanke said he was going to create 600 billion out of thin air).