Euro Collapse Soon? Personal Finance Tips.
This video speaks about the recent and planned devaluation of the euro currency, the effects of the equties and indexes, and why should people avoid college loan, bonds, and real estate while placing their wealth into commodities which alternatives to salaries, insurance and retirement plans.
Warning: No profit, loss, or any change in financial values is guaranteed from this clip.
Duration : 0:5:23
[youtube tok5kiarSuw]
Categories: Personal Finance Tips 401k, average, bob, bond, bubble, celente, chapman, Collapse, college, Commodity, correction, crisis, currency, design, Dollar, dow, economic, equity, estate, euro, faber, finance, financial, foreclosure, funds, gas, gasoline, gerald, global, gold, index, interest, investment, jim, jones, keiser, kiyosaki, lindsey, maloney, marc, Market, max, mike, Mortgage, Moving, mutual, negative, oil, palladium, personal, peter, planning, platinum, pound, QE2, QE3, rate, real, robert, rogers, savings, schiff, school, securities, Silver, urbanism, williams, yen, Yuan
@indignant99
…
@indignant99
Possibly.
I see your point.
@jimbobubbadj
…
@jimbobubbadj
Now wonder it has been difficult to keep up with fans and grow subscribers.
@tubeme852
I …
@tubeme852
I have a productive job at Macy’s.
@Cyrus992 The …
@Cyrus992 The dollar will always have a “status.” Even if it’s dead, that’s a “status.”
I’ve been losing …
I’ve been losing subscriptions on Youtube. I thought that you had disappeared. I am subscribed to you now through RSS. I don’t know what is wrong with Youtube.
@Cyrus992 Can you …
@Cyrus992 Can you please tell me what your doing with your life right now are u working or going to school!
@Cyrus992 Canada …
@Cyrus992 Canada does have alot of Gold /Nat gas and industrial metals that Asia may need in the future to keep up with there growing economy and population but as I said before I think the Bric nations are Asia’s #1 play for that right now. Canada is in better shape then the USA during these tough economic times but it will catch up to Canada especially when the Bank Of Canada refuses to Raise rates during this times of “easy money” holding up the markets artificially
@Cyrus992 Yeah the …
@Cyrus992 Yeah the Bric nations are for sure on the Radar but in all honesty the countries in the Bric nations dont need Canada all that much right as the USA needs them and Vice Versa, The other countries in that Bric Bloc have alot of what each one wants. Unless the other countries need some Lumber LOL!!!I dont think they really need Canada as a major partner anytime soon. Thats why I say the USA/Canada are very much dependant on eachother. But things could change in the future
@Cyrus992 It …
@Cyrus992 It doesn’t really matter, since I don’t trust any currency. But Europe is hard to generalize since prices differ a lot (like education and real estate) from country to country. I agree on gold and silver, bought back in 07 and 08.
@hendo19742
…
@hendo19742
Well the dollar’s status is most likely coming to end.
We are headed towards a more globalized scenario. I see and heard that a currency like that would be beneficial to the dollar.
However, I would keep the wealth into the metals, because who knows what will happen to the paper/electroinic assets.
@DEMCAD
Well I …
@DEMCAD
Well I have a huge feeling that we will see a bond bubble by 2012.
We a saw a lot more people buy bonds than precious metals in the last two years.
@me2995
Yeah, …
@me2995
Yeah, that is why I mentioned “most or many” parts of Europe.
Good points though.
@MrPointspread
…
@MrPointspread
It is possible that oil could correct towards $90 after having a huge run-up.
However, with summer traveling and currency devaluation you could see oil hit $120 a barrel.
@MrPointspread
…
@MrPointspread
There you go!
Who will be there consumers? Asian markets may substitute a bit.
@Cyrus992 USA aint …
@Cyrus992 USA aint worth a flip and Canda aint too far behind.
@Cyrus992 NWO …
@Cyrus992 NWO currrency, they will have to re-evaluate the currencies against gold and silver also against each other, USDollar won’t be the reserve currency any more!
I think it’s unwise …
I think it’s unwise to tell people what to do with their money. Giving investment advice can be risky. But I agree, bonds are very risky.
Well, so far I …
Well, so far I didn’t notice too much of those declining real estate prices in Europe. Maybe in the UK, and Spain of course, but France, Germany, The Netherlands, go and try to buy something 5% cheaper then 3 years ago. Wen I see Youtube vids of houses selling in the US for less then 50K. I think the problem is US citizens are more or less broke (generally speaking of course) due to living on credit, while Europe has more a saving mentality.
Cyrus do you watch …
Cyrus do you watch any CNBC? Right now CNBC is focused on the Eurozone markets right now. If you dont already watch it I suggest checking it out, some great guests and insight from many views throughout Europe and so forth that any young bright lad like yourself would no doubt benefit from.
If you dont have CNBC on cable let me know and I will send you a link that works 80% of the time for free.
Whats your view of WTI Crude? do you think we see $110 again in june? its $98.30 as we speak
@Cyrus992 Well its …
@Cyrus992 Well its not really what I believe so much as its a cold hard fact that Canada needs the US to buy our exports. We sell a crap load of crude oil and natural gas to the United States and under Nafta and SPP type agendas “canada’s resources are wide open to the US” For decades the US has wanted to control out fresh water resources and there are our number one “client/partner” in the Alberta Tar/oil Sands projects.
Canada needs the US even with the rich Resource’s we have.
@MrPointspread
…
@MrPointspread
There you go.. You seem to believe that the US and Canada are heavily tied together. Although Canada is more plentiful with resources.