China's Currency Reserves Plunged! U.S. Dollar Reserve Currency Status Threatened!

Look In My Book!: http://book.themoneygps.com ******************************************************************** My Free eCourse to Unveil the TRUTH: http://themoneygps.com/freeecourse Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: Exclusive: Iran wants euro payment for new and outstanding oil sales - source | Reuters http://www.reuters.com/article/us-oil-iran-exclusive-idUSKCN0VE21S China's currency reserves plunged in January - BBC News http://www.bbc.com/news/business-35516054 Ford to build plant in Mexico, ramp up output from the country: WSJ http://www.cnbc.com/2016/02/07/ford-to-build-plant-in-mexico-ramp-up-output-from-the-country-wsj.html Exclusive: Venezuela central bank in talks with Deutsche Bank on gold swap | Reuters http://www.reuters.com/article/us-venezuela-economy-exclusive-idUSKCN0VE1AT Even The Fed's "Owners" Aren't Buying What Janet Is Selling | Zero Hedge http://www.zerohedge.com/news/2016-02-07/even-feds-owners-arent-buying-what-janet-selling

Comments

1. Did anything happen today
2. no new vids yet??? 😕
3. So the banks are going to take my money on a bail-in then tell me I still owe on my credit cards and mortgage?
4. You are right about getting out of debt. Everyone should get out of debt as quickly as they can and build their savings instead.  However, no thumbs up until the constant commercials for the book are abated.
5. Hope you are okay, having a very deserved rest from the busy schedule you have on here David. Hopefully you're on holiday forgetting about the dominoes game that the banks reluctantly play every now and then. The financial media is getting some reality hit them and they really don't like reality it seems, much better to be the 'boys in the bubble.' Hope you are doing good, look forward to your return, hurry there may not be any banks left if you leave it another week.
6. Sorry to the precious medal buyers, but I think you guys are about to take a hit for 20-30 days... As someone else pointed out to me, the banks have the ability to buy back their own debt that they sell to others and stave it off with more printing. Also, the BDI and FOREX are where they are because of demand, not volume. The volume on BDI is high, even though prices and traffic are low. If you think about it, prior to the industry crashing for manufactured goods and services, there was a major glut. It is only going down because it is bottoming out. Retail already picked back up and manufacturing is sure to follow after the start of spring. As another person pointed out to me, the BDI is always low this time of year, and the BDI fell from a high in august due to the glut and thats the reason that it is half of what it was at the peak of the 2008 crash. The shipping lines are smaller with hardly any marine traffic because theres already too much available. Walmart is downsizing because of their final struggle against online shopping. They will have to redo their model to reflect perishable and on demand goods that aren't popular online. This whole notion of a collapse is starting to look like misinformation.
   
   Not to say that the Bank of Japan isn't still in big trouble due to their decades long inflation/recession and negative interest rates, or that the US national Debt isn't dangerously high, or that our credit rating is going to be destroyed this year if something isn't done soon, or that the oil glut doesn't have real consequences to supply of not just energy but any HGL product, or that manufacturing in the US is on a long term downward spiral, or that companies have been so over focused on hedging against instability of direct markets that their profits got in the way of business, or that corporations are out of control with buying back stocks, or that the US government has a regulation problem of sticking it to the wrong players in the market and ignoring ones that are ripping people off, or that while cheap in some places, major cities and coasts, which now account for a huge percentage of the population due to the changes in economies have unsustainable models for income inequality and property values, never mind that the US is hemorrhaging bills for corporations that cannot go under or the US government will be overwhelmed with sectors of industry that are absolutely necessary but don't have any competitors left to take the too big to fail company's place due to their own manipulation of the market..
   
   The market went up hard after a long pull down all through January because of not just the plunge protection team, but because of a sudden change in the markets themselves. There was a sell off fear in the banks and Gold was going up through the roof. Every time the traders rallied, gold dropped, and that was when there wasn't a real change in the market. Now that there has, Gold and other precious medals are sure to fall for a little while at least, until the rest of the bad things I just listed catch back up. One of the changes, was like I mentioned at first, that the banks are buying back debts. Another is that The Baltic Dry Index is probably bottoming out due to its glut. On top of that, the Oil industry got some relief when the United Arab Emirates agreed on a deal with OPEC earlier, to halt its overproduction of Oil. This doesn't mean the market will stay better, but it doesn't look like a small dent like before. Fracking is still in shambles and many rigs in the Atlantic are still in default. The difference is, all that money swirling around now can be reused since the move by big banks. If I am wrong, we are going to see some major changes in the shipping industry over the next 14 months. Port authorities are already working hard at renegotiating sales and wages with unions in LA NY and Boston. Debt has to be restructured as is for the losses on the BDI shipping cargo that was leaving at $800.00 a case and entering at $400.00 deficit. The clogged shipping lanes in the maritime clock are sure to be an eye opener come June.
7. Hi there, Well what I've heard is ford motor company is going to Mexico because they believe if Bernie Sanders wins the election he will tax the heck out of their company. So just in case that happens they're going to Mexico. They believe it's a win win situation even if Bernie Sanders is not elected. Because labor costs are cheaper in Mexico to. That's what just what I've heard.
8. sucks to be canadian , think im done buying gold / silver its getting to expensive now!
9. Hi David:
   How should we read the Baltic Dry Index? Is 500 or better considered good? Or is 1,000 or more good? At what point can we conclude the economy is in trouble.
10. What about the Amish? Will they be better off than the rest of us?
11. It sounds like U.S. credit rating is gone bust.
12. Big corporations,by moving production to low wage countries have effectively shot themselves in the foot,as the working population must become the consumers of the product.This short term thinking on their part will prove to be a painful lesson.Ford is effectively moving to Mexico to die a slow painful death,that will drag other auto makers along.
13. Baltic Dry Index is at another all time low, dropping 4 more points to 293. "Time to do the Limbo! How low can we go!".
14. We all know what follows currency wars.
15. Lmfao. Deflation. Means cash is king. You're an idiot. If you think people won't want dollars. So you want Yen, euro, and rubles. Good luck with that.
16. Buy Gold if your rich, buy silver if your poor. Do it now!
17. Paying off debt right before hyperinflation is not necessarily a good idea. Hyperinflation means products will cost more...and the dollar will be worth less. So debts, in constant dollars, will be less burdensome. First, buy some dried foods, like legumes and rice. After that, paying off a care might help, depending on circumstances. Paying down a mortgage, without paying it off, will not help at all. Also large savings accounts will go down in constant dollars, e.g. how much it will purchase. so if you h ave a large savings accounts, keep some for emergencies, then buy silver 1-ounce bars or coins, which will increase dramatically in value and you can use those to pay your monthly mortgage or debts.
18. MEXICANS ARE GETTING ALL THE DAM JOBS, THEY GET THEM IN MEXICO AND IN AMERICA...........WTF.
19. What did you expect when America cheered as China's stock market crashed? The good times are over. Pay your bills or pay the price.
20. stay liquid during this deflationary cycle of the economy when stock markets and real estate are collapsing.
    hold on tight onto your cash and wait for the bottom of the cycle when you can buy good assets for pennies on the dollar.