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Economic Collapse Update - February 28, 2009

1,842 views · Published 28 February 2009 · 19:25 · Indexed 7 October 2026

Channel: Money Charts · 2009 · News & Politics

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Economic Collapse Update

Topics Discussed:
a) Glenn Beck - Thank you Mr. Beck for the things you are saying on FOX regarding the economic collapse.  Your cause is very noble and you have helped wake many people up.  You are definitely a hero in my views.

b) The Mayan Calendar Consciousness talks about this being a truth age now and we will get so much more of this truth.  I am expecting to see much more main stream media with truth footage like we are seeing with guys like Ron Paul, Glenn Beck, Gerald Celente, Peter Schiff etc., to keep coming on the air at an increased rate

c)  College/University Degree!  I have an accounting degree, but I do not have a degree in the Mayan Calendar consciousness nor do I have one in Economics.  I have taken one economics class in 1996 and I almost failed.  Yet I come on here talking what I know about economics.  That is because I have learned stuff along the way here and I personally have been thinking that learning on your own is the way to go.

d) I do have a degree in Accounting and have taken this over 7 years throughout high school and college.  In this video I talk about Goodwill, Intangible Assets and Long term Investments that some companies have.  Goodwill/Intangible are assets that are virtually not real like company potential and patent names etc.  Companies like AT&T and Visa have way too much of those in my opinion.  Long term investments are mainly held my financial institutions and when these companies fail, it makes much sense they are going to have to sell them in order to stay a float or as part of the bankruptcy process.  This could cause the market to go way lower like VisionVictory is talking about with DOW 1,500 because companies like Citigroup, Wells Fargo, JP Morgan etc. have much longterm investments.

e) Stock Pick - (UTLR) UltraPetrol trading at over 2.00 per share right now.

This company has a very solid balance sheet and income statement and in my opinion is way oversold right now.  If this company gets bought out, there is a very good chance it would move to over 6.00 per share.   When you are trading stocks you are gambling in the casino we call the stock market.  Please be aware of all risks associated before making any financial decisions.

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