Is it a Boom or Inflation, Meltup

At first I thought it was a good piece of work but then I caught a few stupid comments that made me suspect of a lot of the other "facts" that they presented.

For example, good suit in 1970 was $35.00 and federal employees salaries should be capped at 7.50/ hour.:D
 
Quote from maxpi:

Uhhh, yeah, Gerald Celente, a real heavyweight...
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Shouldn't Calente, in all of his infinite, trend-forecasting wisdom, know that the scarf trend is sooooo dead?
 
Quote from hoodooman:

At first I thought it was a good piece of work but then I caught a few stupid comments that made me suspect of a lot of the other "facts" that they presented.

For example, good suit in 1970 was $35.00 and federal employees salaries should be capped at 7.50/ hour.:D
More...

I dont know about a "good" suit, but you could definately buy a suit for around $35 in 1970.

http://www.thepeoplehistory.com/70sclothes.html
 
Interesting, yet depressing video. Apparently no one in production bothered to proof it though. 36.40 minutes, they start talking and showing the graphic of how it would take $100,000,000 at BOA, JPM, C, WFC for a retiree to earn $50,000/yr. in retirement interest income. Say what? I know interest offerings at these banks are low, but I kinda think they are offering something a little better than .0005% interest. They most likely meant to say $1,000,000 and not $100,000,000. That number was just so huge I instantly said NFW! Also kinda thought they were touting the purchase of silver a little too much. I have to wonder about their unspoken agenda. Still, worth watching if you have a decent nest egg and don't mind not sleeping well at night.
 
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