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Bankruptcy UP 17%, 46% of Unemployed are Long-term! Gold Prices hit $1,250


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Video commentary on the economy, foreclosures affect on the housing market in 2010, the increase of bankruptcy filing in the first quarter of 2010, BP trying to contain the oil spill, gold prices and declining euro.

BP to replace containment cap next month: AP

http://www.marketwatch.com/story/bp-to-replace-containment-cap-next-month-ap-2010-06-07

Fickle oil spill scatters its threats across Gulf

http://news.yahoo.com/s/ap/us_gulf_oil_spill

Democrats propose further tax hike on offshore oil

http://news.yahoo.com/s/ap/20100608/ap_on_go_co/us_congress_taxes_1

Ahmadinejad Stresses Need for New World Order

http://english.farsnews.com/newstext.php?nn=8903171502

Gold price hits new record as it breaks through $1,250

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7810575/Gold-price-hits-new-record-as-it-breaks-through-1250.html

The number of long-term unemployed workers continues to swell

http://www.csmonitor.com/Money/Paper-Economy/2010/0607/The-number-of-long-term-unemployed-workers-continues-to-swell

Underemployment

http://money.cnn.com/2010/05/20/news/economy/consumer_retail_walmart.fortune/index.htm

Bankruptcy Filings Increase in the First Quarter of 2010

http://www.acainternational.org/Bankruptcy-Filings-Increase-in-the-First-Quarter-of-2010-16727.aspx

Euro continues to fall, plummets below $1.20 against U.S. dollar

http://digitaljournal.com/article/293061

Foreclosure Glut: Is ‘Shadow Inventory’ Really a Threat?
http://abcnews.go.com/Business/Home/foreclosure-glut-shadow-inventory-threat/story?id=10825712

Duration : 0:6:36


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25 Responses to “Bankruptcy UP 17%, 46% of Unemployed are Long-term! Gold Prices hit $1,250”

  • nohurt23:

    Don’t forget about …
    Don’t forget about domestic abuse going up! Search “Abusive Zach” on youtube and check out the real life? drama!

  • thatpartylastnigh:

    cool vid reggie.
    cool vid reggie.

  • luettem:

    @awsomenesscaleb …
    @awsomenesscaleb The real mystery is that the bible has predicted exactly what is about to happen, the countries aligning themselves against Israel are all named, Turkey is the last peg. I tells you what will take place before this generation passes away. America is not even mention worthy-So possibly the state of our soul is more important then the state of the union. The bible is 100% accurate to date. It even tells of Nuclear War. interesting stuff

  • awsomenesscaleb:

    @luettem

    Oh, and, …
    @luettem

    Oh, and, lately it’s been massive corporations with the help of the lack of government regulation that have been destroying the American economy. Your corporatist Retardlican agenda has only defended these corporations at all costs and I find it quite sad that people like you fall for it.

    Another thing, the economic crisis we know today commenced under Bush. It has gotten worse under Obama, but it’s actually gotten better too. That never happened with Bush. :P

  • awsomenesscaleb:

    @luettem
    Yeah, …

    @luettem
    Yeah, because blatantly destroying other nations is much better.

    The last time I checked, Obama’s change campaign was about bringing social justice and equality to everyone in the United States, and so far he’s been doing that, even if money has to be spent. And why is “protests” in all caps? Is it some kind of acronym?

    P uerile
    R epublicans
    O beying
    T antalizing
    E xtravagent
    S nobs
    to T out
    S tupidness

    Hey, that wasn’t so bad. I figured out your secret.

  • luettem:

    The most hilarious …
    The most hilarious statement I have ever heard is ‘obama will save us” Considering he is destroying the country while America PROTESTS his agenda, knowing every move he makes is designed to bring the country to its knees, the liberal lemmings are massing on the cliff. No amount of screaming stop has ever yet caused a lemming to stop.

  • tom12658:

    I agree with you …
    I agree with you that advertised jobs mean nothing. I interviewed for a position in february and they told me in March the position was on hold. I checked lastg week and the position is still being advertised even thought it is on hold. I have come across this several times as have other people I have spoken to. There are also companies that advertise positions only because company policy says they need to evne if they have identified an internal candidate.

  • MosterFrance:

    USA Govt. control …
    USA Govt. control by Israel. Do you know about AIPAC? They control American election ,? your daily life, your economy , everything. If they tell USA Govt. to tell lie even though they know it is lie, no problem American Govt. tell? it immediately there is WMD in iraq, including Obama, John Machine,Clinton Bush all are member of AIPAC and all will tell the same voice without any difference. The 1.5 million people in Gaza prison dies without food, madicine before the eyes of the world cause AIPAC

  • lushhmushh:

    have u lost weight? …
    have u lost weight?… bravo!

  • NurseMeister:

    The gold price is …
    The gold price is high, but only about half the price that it ws in the early 1980′s. Gold was about $850 back then which would be over $2200 in today’s dollars. The problem is that the collapse is not being allowed to happen. It is being forced off day by day, but it is inevitable. It is fiscally bad right now, and on paper, we have not even approached how bad as it was in the first half of the 1980′s. But it is all a sham, the crash is likely to be hundreds of times worse than ever before

  • thepowelljr:

    @demcad I have …
    @demcad I have started my own business because I figured if ,after 4 long years of service to this country, nobody wants to pay me money, I will finds ways to take money.

  • 21sparrow7:

    New World Order = …
    New World Order = Ran by Corrupt and untrustworthy politicians
    =
    Basically this leads to: slavery of the “people”

  • DEMCAD:

    @R6bbie I think …
    @R6bbie I think about that more than anything.

  • veslaw:

    Baby—you can file …
    Baby—you can file a chp 13 bankruptcy but you have to get it filed before the foreclosure sale—an attorney can file an emergency petition to get the foreclosure stopped

  • xBabyDragonx:

    Is there a type of …
    Is there a type of bankruptcy where you get to keep your house if you are being foreclosed on??? Foreclosure date is tomorrow,… family looking to file bankruptcy to keep their house. Just wondering if this is true. I thought this type of bankruptcy was eliminated years ago.

  • gjonesy9:

    Triple Taxes on Oil …
    Triple Taxes on Oil companies…
    Don’t feel sorry for BP…
    I feel sorry for the Democratic party…
    The money they take in is called: Revenue.
    Why not call it bribery and kickbacks?
    What if the food market poisoned 3% of the US’s
    Population? What would they classify the new Tax as?
    A value Tax…? :o )
    (lol)

  • lonedove1981:

    @gasdorf From …
    @gasdorf From talking to my customers many of them think something is coming down the pipe, also some of the items I’m selling more of that the regular camper dosen’t usually buy…ie… crank-power radios, mre’s… So I would say yes to your question.
    Family camping is still pretty cheap and with economy the way it is, many families are opting for this type of vacation.

  • mja2035:

    I’m long term …
    I’m long term unemployed for 14 months now. Looking for a job right now. This sucks ! Thank You for making this video Demcad.

  • john1230:

    Why keep they …
    Why keep they comparing the Euro with the Dollar?
    It is as useless as comparing one sinking ship with another.

    I notice myself little of any collapse (in Europe).
    I’m still working, but the money is less than it’s used to be.
    When I’ve payed my mortgage, insurance, car etc, it’s gone.

  • unit1e:

    dude your hair line …
    dude your hair line is bad. You need to come to NY for an edge up…Great video

  • R6bbie:

    Hello Demcad,
    I …

    Hello Demcad,
    I would like you to talk about the oil spill more.

    Thanks

  • harp26:

    While working for …
    While working for the Census I found a lot of vacant houses with no For Sale or For rent signs. Yet someone is still cutting the grass. It seems that the banks are not wanting to dump all of them on the market. No doubt the gov’t and/or the Federal Reserve is in on this. It would also drive down property taxes.

  • Slev3n1:

    @Slev3n1www. man …
    @Slev3n1www. man ticore group. com/radio/2010/06jun/acgriffith2010.mp3
    Had to space it because it wasn’t letting me post it!

  • Slev3n1:

    man ticore …
    man ticore group. com/radio/2010/06jun/acgriffith2010.mp3

    Had to space it because it wasn’t letting me post it!

  • Slev3n1:

    Yes.. I see some …
    Yes.. I see some changes in my neighborhood. Investigate grand Isle, Louisiana Demcad.. pretty scary! I’m going to post a link below for you to listen to.

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