A Frightening Worldwide Currency Crisis - Rollover

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Economist and Author, David Morgan reenatcs a dramatic scene from the Movie "Rollover" (1981), a frightening worldwide currency crisis he says we should be prepared for in our lifetimes.

Channel: News & Politics
Uploaded: January 2, 2007 at 10:08 pm
Author: silverguru

Length: 00:06:29
Rating: 4.85
Views: 72448

Tags: currancy finance money stocks bonds crash economists David Morgan stock market gold silver metals rollover

Video Comments:
luckyrick1950 (November 16, 2008 at 6:27 am)
To learn the truth about the Atlas Account visit MonexFRAUD[dot]com
Monex rated [F] by the Better Business Bureau (BBB) Currently has ""41"" Complaints.

This number ""41"" speaks for itself!!!

You also need to complain to the FTC. It is important to file complaints with both agencies
WakeupsCall (November 15, 2008 at 3:28 am)
And by the way, this is no regular bear market. In fact, it isn't even secular.

Watch and learn how big this is.
WakeupsCall (November 15, 2008 at 3:26 am)
"1) If EVERYONE is buying gold, why has the price fallen (demand, hur?) to less than $700 per oz since June when it was... REMIND ME!"

Because you don't understand the way bull markets and bear markets work, apparently. You can't go straight up or straight down, whether commodity or stock. But it'll definitely zigzag during the overall trend. Get it?
flangelet (November 14, 2008 at 8:03 pm)
Soooo you're buying a commodity that AS YOU YOURSELF STATE is being artificially boosted by market manipulation... and you wanna put you "301k" into it... LOL

LOOL

LOL

Nice going!
gladiator1010 (November 15, 2008 at 9:51 pm)
IT is being ARTIFICIALLY SUPPRESSED in it's price..what are you talking about...when someone holds a short position...it LOWERS THE PRICE...cause only OVERPRICED assets tend to be SOLD...when TWO banks hold 80% of the SELLING pressure...that is called PRICE SUPPRESSION!! But at the end of the day, the REAL market is more powerful than this psuedo-paper market economy...when it takes over...the dollar is NOT coming back
flangelet (November 14, 2008 at 8:01 pm)
Since gold is NOT real money any more, what is the attraction of gold?

In the 21st century, you may as well buy IC makers stocks or yellowcake-related stocks since they are more highly valued than a shiny yellow metal?

Where is the demand for gold other than from worried sheeple buying into outdated economic models peddled by conmen?

How many will be buying jewellery in this climate? Indian jewellery demand... google it!

PLEASE DO!
gladiator1010 (November 14, 2008 at 12:00 am)
why has the price fallen to less than $700.oz

1.) ALL SOVEREIGN WEALTH FUNDS ARE BEING REQUIRED TO LIQUIDATE ALL ASSETS TO MEET THEIR MARGIN REQUIREMENTS IN THE MARKET PLACE DUR...
2.) Gold and silver are two of the MOST MANIPULATED MARKETS ON THE PLANET! TWO major US BANKS hold 80% of ALL OUTSTANDING SHORT POSITIONS IN GOLD AND SILVER....they hold 23k out of 29k contracts
3.) Gold's ORIGINAL PRICE on a GOLD STANDARD was $20..it is now at $700 and hasn't even STARTED RISING YET!
gladiator1010 (November 14, 2008 at 12:03 am)
(23,549 out of 29,762) short positions in the Silver market...thanks to jp morgan and bank of america...if that is not illegal manipulation...I don't know what is...what i do know is they had pull an extra 52% of their reserves to meet demand...the longer and lower the price now...the higher it will go later...every market has an invisible hand pushing things around...so many so that the invisible is becoming very visible indeed
flangelet (November 13, 2008 at 7:51 pm)
Then you don't know much about economics.

"Gold and silver are NO LONGER REAL MONEY any more than oil, integrated circuits, mineral commodities & baskets-of-currencies." is more true now than at any time.

You WANT gold to be money but it is not money and will not be.

That time has gone, my friend. We don't live in the 18th century, even you want to. Google Milton Freedman's response to printing money in the 1980s... wonder why he stopped mentioning hyperinflation?
flangelet (November 13, 2008 at 7:45 pm)
LOL

If gold is the 'yardstick' how can it be *undervalued* since IT is the measure by which everything is measured, right?

Either your logic is wrong, gold is NOT undervalued, gold IS falling in price, gold is unimportant or you believed some salesman and bought a handful of sh*t... or some or all of the above???!?!?!

LOL