Salbuchi - Global Financial Collapse

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paranoid's picture
paranoid
Status: Silver Member (Offline)
Joined: Feb 27 2009
Posts: 140
Salbuchi - Global Financial Collapse

Its very good:

Salbuchi - Global Financial Collapse - Part 1

 

BSV's picture
BSV
Status: Silver Member (Offline)
Joined: Jan 26 2009
Posts: 170
Re: Salbuchi - Global Financial Collapse

Perhaps the strongest point made in the video: the profits were privatized and the losses are being socialized.

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LogansRun
Status: Diamond Member (Offline)
Joined: Mar 18 2009
Posts: 1443
Re: Salbuchi - Global Financial Collapse

I found his theory of the monetary system being backed by paper gold to be interesting.  Toward the beginning he was saying, take your money out of the bank and go buy something, car, house, something of value, gold.  But then he said that when they change the monetary system that they would exchange 1 current dollar with 1 "gold" dollar (for those of us in the Central Banks Controlled West) and that each one would be worth $10k (or something like that....really didn't make sense to me) but the barbarous relic (real gold) would still be worth only what it is today.  Why would he suggest taking your money out of the banks and to go buy something if we're going to be able to exchange 1 for 1?  And, why would you suggest that someone buy real gold when it's not going to go up in fiat value?  Strange.

I found the privatizing of profits and the socialization of debt to be profound.  It's what's happening right now and I'm mad as hell about it.  So should the rest of the world....be mad as hell!

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