ECONOMIC COLLAPSE in Aug/Sept | Bix Weir

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1. yup, please tell the date of your video at the outset, or else you will go the way Economic News went by me...
2. DB too big to fail? Are you kidding? Remember WAMU, largest retail bank in the US, stock went to 2 bucks and it collapsed. No large bank is too big to fail. It's only a problem, WHEN ALL OF THE LARGE BANKS GO DOWN AT THE SAME TIME.
3. What would happen if it all collapsed, and no one could pay their mortgages, or car payment. Why/how would the banks repo the cars and foreclose on the homes to recoup the money they lent on them, if there is no one to sell them to because everyone is financially bankrupt?
   
   If a crash like that happens, and 90% of the population is wiped out financially, there would be no one to sell these properties to. So, the banks would have no choice but to let you stay and begin repayment when/if a recovery happens. No point in evicting and leaving the property empty and vulnerable to squaters, and vandals. It makes more sense to let you stay, maintain and protect the property, and resume payments when possible.
   
   Not only that but you can bet the Fed gov't (Obama) would issue some edict that the banks cannot evict everyone and cause a situation where there are hundreds of millions of homeless while there are tens of millions of empty homes that could house them.
   
   To me, the only issue will be electricity, fuel, food, water, and severe medical issues if the pharmacies shut down.
   
   Just my thoughts on a collapse of that magnitude.
4. I forgot to mention! Metals are going to be monkey hammered later this year. Russian scientist held a press conference in Geneva, Switzerland and stated they have patented a procedure where they can convert any metal in the periodic chart to any other metal on an "industrial scale" including gold and silver. That means it will be profitable. You could always convert a metal into gold in the lab but the cost of electricity was more than the gold created value. They plan on being operational later this year and sell metals throughout the planet. It is no accident that the press announcement was in Switzerland, the heart of the western banking system! This is a total game changer as it will revalue metal prices and there will no such thing as "scarcity"! For those ranting about a gold backed currency their dreams just went up in smoke!
5. Brexit didn't trigger any Deutsche Bank derivative explosion. The main reason for artificial low rates is so they can expire worthless and rates will not rise until the majority have expired since about half involve interest rates. He also assumes that banks are in trouble but he fails to understand there is a huge difference between the money center banks and the rest including credit unions. Most of these are in good shape and never needed a bailout. In fact the "to big to fail" could all go under and the banking system as a whole would still hum right along. It is these generalizations that are misleading. As far as his statement that the stock market is being propped up and manipulated and rigged is total nonsense. He doesn't understand that long term trends are dictated by huge capital flows moving around the planet. With negative interest rates in the EU and Japan, banks in trouble in the EU and the South American economic chaos, capital has been moving into the dollar, treasuries and the Dow. Entities controlling this capital need markets that have huge amounts of liquidity and need to be able to move billions at the press of a keystroke. There is simply no other place on the planet that fits the bill and that is why both the dollar and the Dow are in long term bull trends and the reason why so many have been wrong ranting about a total dollar and Dow collapse. It is simply not going to happen in the foreseeable future. All markets are manipulated short term by HFT algos but the long term underlying trend cannot be changed unless huge capital flows change it moving into or out of a market. That is why there is a disconnect between the real main street economy and the Dow. The HFT algos at the Comex actually drive price opposite the long term trend and then pile on the trades in the direction of that trend. Since we have long term dollar strength and across the board commodity weakness, (including gold and silver), the algos have been driving price up and then adding shorts and riding the long term trend back down. Recently the algos drove price to 1366, (1362 is the bearish reversal level) and then rode the shorts back down to 1317. Will the algos drive price back up and reverse or just keep their current positions? All this nonsense that markets are all manipulated is just that. Deutsche Bank admitted to manipulating the twice a day London gold fix causing miners and sellers to receive less and wholesalers and other buyers to pay more. All short term manipulation and this is what they got sued for and had nothing to do with the Comex. Martin Armstrong computer models predicted months ago that if gold did not break the bearish reversal level at June's close the price would fall and that is exactly what we have been seeing. Also his models have predicted that the Dow would rise to 20,000 and then to 23,000 because of these capital flows moving into the US and that is also what we have been seeing. We are over do for a correction but the long term bullish trend is still in tact. As far as his take on silver its' achilles heal has always been the consumer. With the world economy slowing manufactures can no longer pass price increases on. There is a price level where the demand falls off a cliff and with it price because in spite of some monetary value price is driven by demand and that demand is 70% industrial or manufacturing use and the retail jewelry market is second. Record "coin" sales is too small of a market to effect price. There is so much misleading statements, half truths, propaganda and out right lies on the net and Weir doesn't help the matter! His statement that Paul Volker created the foreign currency market is total nonsense as Alex Brown and Sons started trading currencies as far back as 1850 in the US. It has been around for longer than people think and only became popular and the public aware with the advent of the modern desktop computer and internet making it inexpensive for people to participate in! Not only has all "fiat" forms of monetary systems failed all gold backed currencies have also failed along with those monetary systems that used gold, silver and bronze coins. Nothing ever last forever! All else is simply total nonsense!
6. Bix, Bix, Bix...
   
   The Yuan's inclusion into the SDR basket isn't a matter of "if" or even "when." It already happened last December. This October is merely the first official "re-weighting" since the RMB's been added. Furthermore, the SDR was not created as a "basket of fiat currencies," but was originally a gold-backed settlement vehicle of 0.888671 grams to the SDR.
   
   Your "good guys" and your "bad guys" are one and the same, man, surely you'll come to see this as events unfold.
7. Bitcoin is all about "trust"?? LOL!! I thought that was what fiat toilet paper was based on!
   
   How about this one, Bix?
   
   http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
8. They cannot take away guns, we have over 90 million Americans with over 450 million guns. Just look at how Obama sold 19 million guns in 2015 by threatening gun control measures. We have over 900,000 municipalities and only 2.5 million military personnel. That's roughly 2-3 soldiers to enforce gun control per city/town in America. It's not going to work. They tell you that they took away the guns from Australians, yet in reality, they only got about 20% of those guns and the people kept their guns, they just cannot use them openly. I'm not afraid of gun control, I'm afraid of my neighbor when his/her food stamps are cut off and I have to put a bullet in them when they try to rob my house in the hopes that I have food. In the aftermath of Hurricane Sandy, people that were unarmed were looking everywhere for a baseball bat, a gun, a tire iron because they found out that the biggest threat were the idiots that lived around them.
9. Bitcoin is fiat and that makes it as worthless as dollar bills. This Bix is nuts. He actually thinks there is over 1 million tons of gold in the Grand Canyon.
10. I like the idea of a crypto currency. However, what if the (Lights go out) I mean totally off line net? And won't be back for many a year. I got my hard copy gold. Where will the digital be? In a normal functioning world, it sounds pretty ok. (that's in a normal functioning system) I like to see teeth marks on my physical. Bix is definitely right though, Prepare.. God Bless You All.
11. the wool has been pulled over our eyes for years
12. Great Job! doing something you don't have to.
13. Two things... ONE, there is a third option for president. Andrew Basiago- Andy2016.com
    TWO there is bitgold.com (and maybe the internet could go down, but your gold is held physically in a vault, so it is yours)
14. Going cashless or going into a digital curreny puts the bankers in complete control. Everything will be direct deposit and all bills and taxes will all be taken out electronically. So if you can't taken your money out what's to stop them from negative interest rates and charging you again to take it out? Eventually you end up with nothing. Banks are going to rape you time and time again.
15. Why would Bix say he was hoping for a collapse in AUG/September? Losing the Dollar will be complete chaos and kill a lot of Innocent Americans.
16. Bix spewing the same crap year after year. And who names their kid 'Bix' anyway?
17. never a chance trump would put a socialist on the ticket. He would have been run out of the convention.
18. oh bitcoin they can get, and they are going to get a really nasty surprise when they try, because that SCAM is going to go down at the worst possible time.
19. I always find it hard to listen to this guy after he said there is like a million tons in the grand canyon , it's like so everything else you say is to be believed.
20. 13:20 is where mr weir loses it. Gold doesn't need to be backed because it is money. Bitcoin is currency. Big difference. Gold has reserve usage as jewelry. Bitcoin has no reserve usage. Understanding this now is the difference between success and failure in the near future.