Economics videos articles and news www.Mises.tk more on Jim Rogers at www.Jimrogers.tk More of Marc Faber at www.Marcfaber.tk more on Roubini at www.Roubini.tk
pt 1/3 Jim Sinclair on King World News
Filed under:
Tagged with: silver.
fix that mic. YUCK!
Yeah, the mic is too close to his mouth.
great interview thank you for sharing!
Excellent interview
Why did they ship all the manufacturing jobs out of this country? Ask 9 out of 10 people IN THIS COUNTRY, and they will answer that – OH that’s a smart idea since they can get cheap labor and thus lower their costs and increase return for share holders. Well now it is coming back to bite us in excess debt and a weak dollar. Now was that smart? So those companies that made out are now suffering. Gov. should have mediated between Unions and Company management in order to keep jobs here.
James
he jobs that moved out the US were because they were unable to compete….
Look GM jobs were The American Jobs. But GM would failed long time ago had not the government kept giving them the tax money. Tell the Americans to keep buy GM cars and keep all those jobs. … @@
You can keep all the jobs in the US but you can’t order the people buy your overpriced products.
American companies can’t compete when the Government sets wages and there’s cheaper labor overseas.
This was a fantastic interview!!
this interview was just perfect, thanks.
One of the best financial interviews I have ever heard. I went back and immediately listened to it a 2nd time.
However, I do wish the sound quality was a little better. Several of his comments I couldn’t make out.
Point I am trying to make is that US jobs moved out because the government did not understand the importance to a nation’s financial well-being of keeping a strong manufacturing base. They could have given manufacturing management breaks in other areas such as taxes and program support and asked workers to scale back on demands. Now we are helping failed organizations when we should have evaluated the big picture earlier. Where is the tax money coming from now? Why are we borrowing so much?
inflation is the expansion of money AND credit, not just printing of money, and there’s hundreds of trillions of dollars worth credit out there, and when subprimes starting defaulting there was tens of trillions of dollars of deflation relative to a few trillion being printed to recapitalize banks and a few businesses where the money just got sat upon and not circulated. So out of control inflation is not created so simply as printing money, particularly when banks choose to hang on to it anyway
It happened because the ‘consumer’ chooses to buy the cheapest goods possible,and to out compete your competitor’s you have to provide cheaper goods than them while still maintaining your profit,and if you can increase your profit margin by slashing your labor costs then you will,and the ‘consumers’ at WalMart aren’t complaining as long as it’s not them losing their jobs.The greedy mentality of western society resulted in eating the seat it sits on,so now it’s about to find itself on its ass
Why? Because the money is cheap. The US can always printed some more should there be shortages. AS long as everyone accept Americans IOU, everyone seems ok. The Americans bet on that they can keep playing the game forever.
p.s. Time change and jobs are changing too. Many job lost will never come back because they are out dated. While many lost their jobs in the US, many illegals are still able to find works in the US. Why is that? That’s because Americans prefer sit at home collect welfare then do the dirty low pay jobs the illegals are doing. But then of course they blame the illegals don’t pay taxes.
Was this guy actually hinting that vaccinations are dangerous?
How can anyone take this serious for much longer? Sad but he´s a nutster.
The vaccine is a money grab, its not needed and its already behind the flu. The amount of deaths related to the flu have been minimum and not the only cause of death.
Growth and population expansion will be the only exceptable option.. McMansions by the millions built yearly. Millions of miles of roads asphalted and farms grow the only thing that makes money McMansions. Farming is on it’s way out. Green sprouts can spring back where they came from a nice dream. Bankers will never back a sustainable economy or environment and the American population will always back corporation commercials. You and your children can kiss corporate America’s ass and love it.
People around the world are tired of buying our fake overpriced coupons to buy oil
Completely correct. It’s not about free market vs socialism, or any of these narrowminded perspectives as an “end-all” perfect system – it’s about how people react to the circumstances they’re in, and in the case of the United States, we sold off our industrial capacity, the very thing that made us a global superpower, just so we could get cheaper serf labor abroad and post short term profits. Shot ourselves in the foot on that one, to say the least eh?
Right on the money, Mr. Sinclair. 6 stars for a concise and accurate explanation.
Peter Schiff Channel, thanks for posting this interview. This man really knows his stuff and i look forward to listening to him more in the future.
mindstream – consumers choose to buy the cheapest goods b/c wages have been stagnant in US for 30 yrs, The owners of Production chose to ship production off shore to capitalize on slave labor and create excess value for profit margins.
This is not the first time Gov has baliled out large Corporations, and crocked Financial instiutions
The best analysis being done is from the OTCSP site.. get their newsletter at authoropen . com