This guy Peter Schiff does not make any sense. Dollar is going go through the roof and gold which is in a massive bubble, ie just like the tech stocks of the 90's and housing bubble we just went through, will fall badly.
@swave158 Doubt it. The Fed prints way too much money and foreign banks buy too much dollars. Once interest rates rise and foreign banks dump the dollar, you'll get massive inflation, not deflation. Something is a bubble when capital is miss allocated. Capital going into gold and silver is not miss allocated. Hardly ANYONE is buying gold and silver. Massive hedge funds don't even buy it because they think exactly like you. When the day comes the train will already be rolling.
@swave158 Gold is not in a bubble at all, it's actually US debt what's in a bubble. So the debt bubble will explode, and then the precious metals will go through the roof. $ becomes worthless, people with gold & silver will be the richest people and they'll start buying everything from houses to land to stocks. Then when people realize this they will start selling their gold THEN the gold bubble will pop, but not sooner. So you can't compare .com & housing with gold it's completely different.
@swave158 Oh and you better respect Peter Schiff he predicted both .com & housing and explained in detail why it was going to happen, no one believed him, just like you don't believe him now. Don't make the same mistake. Stack silver & gold now before it's too late.
Dow is $700, same as it was in 1963, when measured in 1963 real silver money. Gasoline is 19 cents a gallon today, in 1963 money. It's a currency debasement problem. The inflation has already occurred due to debasing the currency benefitting bankers, brokers, owners, and government. Wall Street wins, Main Street loses with currency debasement. Renters, families, employees, and children lose. This was all predictable in 1964 and 1971. It is exactly as expected. Protect yourself. Buy silver/gold.
Everyone better Wake up and Wake up fast !. Simply moving your money to a credit union will not lower your risk from the federal government confiscating your wealth very very soon !. The only safest thing people have to do is exchange the majority of their worthless US dollars into physical Silver and Gold. If you don't do this in the coming few months, it will be too late for most of you ! ! ! ! !
Last comment here added to the ones below: I have done my own business ventures before--teaching privately, authoring books, being a landlord. All have been quality work and well received. (I was able to become a landlord by teaching abroad in a country that paid teachers well). However, these are not stable full-time jobs. I keep my "government" job because the income is steady and I LOVE to teach. But why the low pay? I'm not even given what I was promised when I entered the profession.
Peter Schiff has some great ideas, but look, there is clearly a culture of exploitation. Just saying, "Start your own company," is not that simple. I'm a teacher. Should I give up what I'm gifted at to be an administrator? I want to TEACH! I am teaching, and my teaching brings A LOT of money to my organization. Does Schiff think the only valid way to respond is to quit my job and do a completely different one? I teach international students. How would I even get student visas for them?
@whatuspkaren I feel same way just go get another job is sound in principal but so is yours you should do what you like and enjoy it, without haveing to shop around or relocate for a much needed service I think central banks that determine the flow of credit and money supply- inhibit innovation that would correct that problem in free market, ballooning pay comes from ficitous capitol being available and CEO unaccountable to people that effects inflation effects
Speaking of government pay, my salary has hardly kept up with inflation--I am making basically the same as I did as an intern in the same position 20 years ago. My institution is the one part of the state University that I work at that actually brings in the private funds (international student--MONEY FROM ABROAD--how much better can you get???) and these funds have increased far faster than the rate of inflation.
@whatuspkaren And if we didn't have inflation but a natural deflationary system (gold standard) you're salary would be increasing, not even including your raises (if any).
So you are saying random is more complex than complex? That random is complex...it may be complex but not complexly organized. Complex organizarion is what separates the "percieved" power of nature from the true power of a Designer.
The forces of nature alone merely destroy, it takes a designer to program enough integrated systems to allow an environment of life to take shape.
@gladiator1010 Since you've politely read all of my suggested articles including Conway's Game of Life, then we've already established that self-organization is a universal phenomena and it's possible to create self reproducing automata from randomness without first conceiving the form of the generated automata. I'd recommend learning a programming language such as Python and proving this to yourself. You ask a GREAT question though with "what caused the big bang"
@gladiator1010 One can state "all phenomena is caused by a deity", and that's fine! It's not a disprovable statement, so such a deity can always exists. But when one states "modern man did not evolve from early man" or "species do not evolve", those ARE disprovable statements, and they have been disproven many, many times.
Computer programs never program and run themselves...not until after they were purposefully pre-set through intelligent design...we are far more complex than any computer program let alone computer. There are no simple answers and just the amino acid problem is enough to blow the entire theory into the dustbin of history
@gladiator1010 Also amino acids have been found in meteorites, and also spontaneously generated in experiments simulating meteor impacts using bullets.
@gladiator1010 Also the fact that all computer programs were programmed by computer programmers is a property of the definition of computer programs. Stating a tautology does not disprove evolution, and disproving evolution does not prove intelligent design.
@metamemetics How can anyone truly explain away the overwhelming common sense that random volition cannot create complexity?
When has it ever been observed that matter organizes through self-volition. I mean, even the chemical structure of my body breaks down over time, and my body is already fully-formed. Time reudces everything back into dust...and we are to believe dust can just re-create itself like that? Into DNA structures just as complex as computer programs? Sure....
@gladiator1010 If matter didn't self organize on its own, we wouldn't exist! Have you ever heard of crystals, diamonds, or snow flakes? You can verify the self organizing properties of matter yourself with sugar and water. I don't think you grokked the wikipedia article "Evidence of Common Descent", once you reread that please read "Entropy" and "Conway's Game of Life". If you had a bad high school science teacher, consider checking out some of the awesome videos at khanacademy (dot) org.
"If matter didn't self-organize on it's own, we wouldn't exist!" Lol...unless there is a Designer who created the cyclically organizing nature of reality.
So what people are saying is, everything we see in life...came from nothing, randomly through self-volition over billions of years that accidentally "formed" into the incrediblely complex absolutely perfect conditions required for any life?
Has anything ever happened without a cause? What caused the big bang?
@gladiator1010 Also, it's important to ask, what does it mean for something to be "complex"?" The most complex thing possible is pure randomness. That is, a page full of purely random letters contains more information than a page of English words. It's harder to predict or copy the exact contents of the purely random page because there are more possibilities, whereas with English there are a limited number of words and valid combinations. One definition of complexity is "Kolmogorov Complexity"
Where is the evidence that life could have begun without intelligent interference?
How can the evolutionary model be true since the fossil record clearly shows most major groups emerging at the same time?
What about the Cambrian Explosion?
Plus just cause neutral human DNA sequences are approximately 1.2% divergent from chimpanzees does not work out the way they are trying to make it seem. A less than 0.1% change would make life impossible.
@gladiator1010 Kolmogorov Complexity states that the complexity of something is measured by the length of the shortest possible computer program it would take to generate. So in the case of Conway's Game of Life, a seemingly uncountable number of self organizing automata can be generated from a program expressing only 4 rules. In the case of the Mandelbrot fractal, infinitely complex shapes and patterns are actually only as complex as the shortest program expressing Pc: z -> z^2 + c
@metamemetics But who-what "created" those rules? The world of invisible is still real and affects us and we cannot put the invisible into categories we already understand fully.
These are "rules" that "allow" for the "creation" of "existence". Without these rules there cannot be life. The very existence of life-creating "rules" "invisible structures holding our world intact would point to a "rule-maker"
Where did math come from? How is it even possible for us to consciously understand it?
Except that most modern science especially publicly proclaimed science is government funded but no, only the economists and lawyers and politicians are capable of lying...scientists have our best interests in mind....
Or maybe, they desire any possible way to explain God away and spend their whole lives searching to validate their beliefs...who we are and where we came from are the deepest questions to life...WE ARE ALL BIASED IN THIS...scientists are no exception and if anything..it points
so let me get this straight. during a deflationary period, a house that might cost, say 100 oz of gold, might go down to 75 oz of gold. that same house that costs $150k, might rise to $200k over the same period? if so, does this mean we should look for the price of gold in dollars will go up dramatically?
@cristoballs Basically, printing too many dollars makes them cheaper in correlation to everything. Including gold, if that was your question. In other words, if an ounce of gold costs 2000 dollars, according to this estimate, it should go up to, I don't know, perhaps 3000.
Peter Schiff has made Harvard economists look like complete economic amatuers.....if our top publicly supported economic-law school (see government supported) is overrun by fools, how could our publicly supported (see government supported) scientist high school teachers be any better?
Evolution fails just like art laffer's HUGE BET! lol
@gladiator1010 That's extremely bad logic. Psychology, Economics, and Sociology are "social sciences", not hard sciences like biology. The evidence for evolution existing is overwhelming. There is no logical connection between Peter Schiff's foci and evolutionary biology.
@gladiator1010 What Peter consistently mentions is the trend of people placing belief before reasoning instead of after: He asserts that people rally behind Keynesian policies because they already believed that government intervention can help beforehand.
@metamemetics Yeah, and the only way to consistently believe in evolution is because everyone was taught the theory as already true...when in fact, they still can't answer how complexity and intelligence organizes through random volition.
Further, fish for instance could never have evolved a tail...it had to come fully operational and finely tuned or it would never have survived. Plus, the amount of intermediary species wouldv'e been enormous and we find NONE Fail.
That is exactly my point, placing government installed belief-programming before common sense.
We evolved from monkeys? Common sense? Keynesian economics taught right alongside evolutionary science...the best, most complete mind control money could ever buy.
How do you destroy Divine Law? Destroy all thoughts of divinity...
@shitaye12 GOld is money you fool, it has been for over 6000 years. FIAT currency always fails...study history my friend. The elite stock gold...why do you think this is?
@shitaye12 Time for you to try to think your way out of the box public education has trapped your mind in. Put away the textbook and pick up some Hayek.
You have heard the term“A fool and his money are easily parted”well, we are all witnessing either through design,or absolute ignorance,the fleecing of America. Utterly insane!A reign of thieves has been unleashed upon America, allowed by a lip flapping governing body. America is entering into a kleptocratic state, very little productivity, and a extreme loss of wealth, with no accountability. Our Government has been hijacked by a extremely wealthy international class, called the OneWorldOrder!
@TWSceptic Hello tws...First one has to have the desire to know truth, and seek it. I recently posted a very interesting video on my site, It is very in telling, and very interesting. This is one, of many premises, or understandings that help us understand the control mechanisms being spun to control mankind. Watch the video, and do some researching on the information given. They say one has to put in work to fully appreciate understanding.Researching the Issues in the video. It’s a great start!
@AUSM92 Between China and India, you're looking at well over 2 billions people. Nearly 1/3 of the world's population. They're going to have to keep their money somewhere. And as their currencies appreciate...
@AUSM92 Sadly, CAD politicians only have one position when it comes to the US, and that's bending over in the shower. They debase the CAD a lot to match the USD because it hurts exports if they don't. Else it would be a lot higher. I think anything energy and mining related not in USD is good. I'm also looking at banking in India and China, I think is great long term as more and more of their population becomes richer.
@UponInfinity I think the CAD will follow the USD down a lot until they finally say enough is enough and decouple completely. It will shock the Canadian economy severely. But we are a commoditiy exporting country, we will just have to find other customers for our stuff, but it will be more expensive to send overseas, so profits will plummet even after a substantial rebalancing.
@AUSM92 Correct. Listen to Peter when he describes the value of the Dow. Specifically how he prices it in silver, copper, even lead or zinc or cotton. The dollar value of the Dow, kicking around 12,500 today is technically losing value even against when it was the same price a few months ago, and especially when it was that price back before the collapse. The dollar value is the same but those dollars buy you less. So, the Dow is coming down against those things. So too, will real estate.
Statements spoken as facts where a question mark is more appropriate.
Even in hyperinflation dollar bills would remain THE ONLY LEGAL means of exchange. So while everyone will want to get gold and real goods in exchange - for as long as there is a JOB and salary dollars is what you get and dollars is what you pay your grocer.
So yes the dollars will get more valuable - because you get paid less, even though essentials will cost more.
Someone said this Schiff is not the grandson of the Federal Reserve architect Schiff. My bad. So he must only be a cousin or grand nephew or something. My bad.
For the Keynesian comment below, I add that Keynes himself said inflation is a way to rob the lower classes of their wealth without them knowing it.
So I am in this college intro economics class and the teacher is definetly a Keynsian. Its kind of funny but sad at the same time. He does not know shit about anything, sometimes I argue with him after class, but he is a pretty stuborn person stuck in his ways. He dosen't want to admit that 40 years of his life he has wasted studying nothing but science fiction bullshit keynsian economics. The sad part is alot of the kids in the class believes what he says. I just shake my head.
Remember that Schiff's Jewish grandfather was one of the architects for the evil Federal Reserve. Note that his senate campaign did not get off the ground. Naturally we will have deflation because the federal Reserve has been desroying money supply even as it pumps fiat money to the banks and sticks the taxpayers for the bill.
@LaramieTrail I don´t think deflation is going to happen (even if it wouldn´t be bad) with Bernanke, who based his whole monetary policy in avoiding it (he has an article called "Deflation? Not Here" or something like that), he would rather have hyper-inflation, which I think is a possible outcome, than "evil" deflation so, yes, dollars are going to be worth less and less, in some years they´ll be interchangeable for toilet paper
@LaramieTrail Peter Schiffs father is Irwin Schiff whos father is Jacob Schiff but not the JACOB SCHIFF. They are different schiffs. Check the facts before you go spreading around such rubbish claims as yours
These scum are all the jew. The International Jew by Henry Ford. Read it. The jew is never a nationality. They are always the jew. They own the world now and look at what happens. They intend to steal everything and then kill the goy. Poisoning of the food and water supply. See Beef Products, Inc. run by the jew Roth. Mixing animals parts they used to throw away or turn into dog food or grease with AMMONIA, A DEADLY POISON. Its now in ALL hamburger in the USA. Welcome to the new world kiddies
@angstotheclown Yes, luckily with the internet anyone can discover super-secret super-efficient super-evil super-old Jewish-Masonic-Amish conspiracies in 5 minutes, I wonder why the "Jews overlods" didn´t close the internet or, even better, ordered the killing of everyone that has intelligently exposed his world conspiracy as of now
The US Gov best realize that many US "consumers" will never spend like they have in the past. The US Gov best take this into consideration with any so called "recovery" program. The analogy is "once one touches a hot stove, one won't do it again." That will hold true for the majority that have been burned. Wall Street... it would seem that commodities are as safe if not safer that stocks. The US Gov seems to be in wishful thinking mode with military troops as a back up plan... BIPOLAR?
Gold and silver are currently a good investment for US people only because it is priced in US dollars BUT the exchange rates of all foreign currencies RISE against the US dollar, offsetting their gains,this is crazy, the world is better off without this garbage as a 'reserve'.
Prechter has virtually destroyed all faith in his EW service, he recommended SELLING gold when it was 300 USD per oz, shorting the dow at 9760 - he is a PAPER BULL!!
Jim Puplava should be given the Nobel Prize for finance
Everybody is talking about deflation like in 1930's... But Peter Schiff is right,, it is deflation,, deflation in terms of gold... And back then the money was backed by gold...
But now it is going to be inflation in terms of money and deflation in terms of Gold. That is why Gold and silver is going up double digits.
I love the Roman example, it is correct 100 percent. Government employee pay usually have automatic raises for no reason at all. Also their pensions are determined by their last few years of work, so they dont get hurt by inflation like normal citizens who save money but lose value due to inflation
I don't know if the gold standard is necessarily the way to go, because gold has some useful applications, but I do know that our current system is unsustainable.
@strakha0 if you dont know by now youll never know and youll be the first to be herded into the FEMA camps because of your lack of knowledge. stupid, uneducated people die young. have a nice life
@MrHarry46 FEMA camps? Fuck off you paranoid nutter. It's most likely that when these camps fail to appear you'll just quietly abandon this foolish notion, but I do hope before then you have an epiphany that results in you thinking before you speak out again.
@strakha0 whatever monkey. remember: as you doubting thomases lazily and blindly let your country's Hallowed US Constitution be ravaged by the fascist corporate elite who have taken over the USA and divided you, dont forget to pat yourselves on the back for being coward chickenshits who didnt stand up once your rights are gone.
@MrHarry46 Epiphany not happening today then. Just a few short points:
1. I'm not American
2. I'm not black, but regardless you shouldn't call people monkey
3. I stand very firmly against the corporate elite
4. It's far easier and more profitable to keep us in indentured servitude. 90% of resources going to the top 1% in the US, combined with popular movements against tax increases for the rich and healthcare and social security for the poor.
@strakha0 Im appalled youd assume I thought you were black because I labeled you a monkey! you must be one thick skulled white cracker! remember:..white crackers evolved from apes too sister!
what a retarded fucking primate!
ok listen.....I was going to reply but you just earned my contempt for being a neanderthilic prosimian. theres a tree out there somewhere with YOUR NAME ON IT. go swing in it chimp!
fuck the ape monkey queen and FUCK the rothschilds
@MrHarry46 I know more about evolution than you ever will you moron, and I'll give you one peace of wisdom: humans did not evolve from apes. Now, I'm sure an uneducated twat like yourself thinks that's a denial of evolution, but here is the truth, and I'll write it big so you remember it: HUMANS, APES AND OTHER PRIMATES HAVE A COMMON ANCESTOR. Maybe you are the exception.
You shouldn't be ashamed of being ignorant, but you should be ashamed that you THINK you know so much. Go back to school.
@strakha0 oh for heavens sakes....now the name calling...LOL..I just cleanly beat you now youre bitter...sorry skippy, didnt mean to be so cruel. go to sleep child..beddy bye night night
@MrHarry46 You really are a joke. I disproved your mad rantings point by point, you then chose to focus your attention on your previous insult to me (not to be childish but you started the name calling from your very first comment), in an attempt to avoid addressing what I said ("I was going to reply to you" - how convenient), and just ended up making a fool of yourself further. Now you're retreating while shouting "I win, I win". Please continue, I'm intrigued as to what you will say next.
@MrHarry46 You know what the greatest irony is? You're too stupid to realise that we mostly agree - I just have logical reasons as to why FEMA would not put people into camps, and particularly myself seeing as I don't live in America. Every assumption you have made about me has been wrong, and despite correcting you, you're still finding reason to argue.
Not only should you go back to school, but you should learn to pick your battles better.
@strakha0 blah blah blah blah, blah blah, then blah blah blah. so if blah = blah, then blah blah = blah blah. hence, blah with blah being what blah is then blah to blah blah is blah to bla blah blah.
@rexirexi Peter Shiff is spot on. silver just gained 1.23 over the last two days. gold will be 1500 by the end of the year. this economy is IN a depression that is worsening and the american people are still listening to that propaghandist shill glen beck. sad sick america.
pursuit of capitalism or mercantalism. call it what you want we need limited, very limited government. we need more freedoms, more personal freedoms, less taxes, no taxes, stop spending, in theory that period of america when gold was set at 21.00 dollars per oz for 100 years profuced our greatest prosperity. government only has to defend nation and keep things fair. nothing else.
@ryanskapa Well Joe Sixpack doesn't understand economics because he has been hoodwinked since birth into believing keynesian principles like propagating asset bubbles, supporting deficit spending, acquiring massive debt and leverage, and creating malicious investments with other peoples capital.
Japan entered its Lost Decade from a position of strength, an average savings rate of 15%, unemployment rate of 2%, a huge trade surplus, a huge government reserve and a debt to GDP ratio of less than 20%. The US enters its recession with a complete opposite circumstances. Also take a look at the national debt holders. 95% of Japan's public debt is owned by Japanese. More than $10 Trillion of US liabilities is owned by foreigners, particularly Asians. And they want to compare?! Lol.
@RoniCMaster I was with ya all the way up to your "lol" at the end of your statement. I can not see how anyone could ever think the situation in the USA is even remotely funny. good day
@MrHarry46 If you've been with me up to the "lol", then you should understand that I wasn't loling at the situation in the US but at the comparison they're making.
So Peter what happens if we go to the gold standard? The population will continue to increase while the money supply is constant. That's going to lead to deflation, everyone holds less money. Deflation is much worse than inflation. Why? We already import much more than we export and we are losing jobs overseas. If anything this means that we need to devalue the dollar. In conclusion you want deflation, more cheap imports, and less jobs in america.
It's that I think the little pieces of paper have intrinsic value, it's that lower demand and lower consumption mean there is less money being spent. Merchants must cut prices to compete -macro economic result lower prices overall. if you want to stimulate demand cap credit card interest at 2.5 times prime.
Mark my words right here on this site: DEFLATION AINT GONNA HAPPEN! As long as helicopter Ben can keep printing money, it wont happen folks. When you consider that banks and the entire financial system are debt financed through bonds and loans, deflation would be beyond disaster. The U.S. is one of the largest debtors in the world. Deflation and Inflation are controlled by money supply. However, HYPERINFLATION is a VERY REAL AND LOOMING THREAT. Deflation is nothing more than intestinal gas.
EH! Peter I hear the same Escrament coming from your mouth! The only way we are going to know if one of these BULLSHITERS is for real is when they start telling us we are going to bring these MURDERING ROBBERS TO JAIL & ABOLISH THE MONEY OWED TO THE EUROPEAN BANKERS RESERVE BANK (AKA FEDERAL RESERVE) besides that this PETER SHIT IS EXACTLY THAT SHIT!
@911LIARS um. peter is fighting the good fight. he is NOT on the side of the bankers. why you hate peter so much for not focusing in on the conspiracies is a little over-zealous of you.
@tmac9938 If Peter was saying he would refuse to pay any derivatives sold to the Country & to the States & Tell the Fed to wipe their ASSES ON THEIR INTEREST PAYMENTS then I would have nice things to say , but he is SELLING US THE SAME BULLSHIT HOW WE OVERSPENT! Ask the ASSHOLES THIS who did we give our Money for safe keeping The old lady who wanted a house that was to big for her budget or to THE FUCKING BANKERS!
It's largely not a question of what you can do with it but a question of what you can't. i.e.. Duplicate and multiply it at whim, or produce anything with it. What you can do with it is divide it into manageable sums, transport it fairly simply and test its authenticity easily. Taken together you might say it's a currency which inspires confidence.
all of you in Connecticut help peter schiff in his campaign for senate. we need him to get into the US senate and get all of the bufoons there to brace for impact.
I just can't figure out this excitement over gold. I understand people wanting to buy it now, as its value relative to the dollar is rising, but the general concept of gold=wealth is ridiculous.
What can you do with a gold bar? Pretty much nothing. Only because people are willing to give up a lot to own your bar, is it worth anything. This is also why I think gold is doing so well right now; people have been told it's a good investment, so they buy. Supply and demand; prices have to go up.
Not to say that I'd actually want a global food shortage - far from it - but I would like to see it at a conseptual level, in order to see the faces of todays gold hoarders as they are made to pay 10oz of gold for a loaf of bread... =)
@eshnajizzle Gold will only benefit the wealthy to help them retain their vast wealth when the dollar crashes! and at the current rate, it will happen. If you want bartering power go silver, nickel and brass. Brass in .308 preferably over 5.56. Yes, the markets are going to crash, to what degree....who knows. Asia, Europe, NYSE, they are all going down. The only question is how far? Obama will own (nationalize) Newmont, Barrick, Freeport and the rest of them!
@eshnajizzle You've answered your own question, EVERYTHING is only worth what someone else is willing to pay for it. Nothing special about Gold, except it's rare, doesn't rot like food etc etc.
@tmac9938 Instead of merely claiming my views are warped, I suggest you explain the reason you think so. If you think it unnecessary to do so, I can claim you have a warped sense of what is morally acceptable.
@tmac9938 here's your explanation that you're so dying to hear.
/watch?v=Z-Id1_BlkME
topic: gold vs US dollar
youtube explanation: gold is real money. more accurately, it is a high-demand commodity (ex: food, wood, steel, oil, silver) that you can trade anywhere in the world. there's only so much of it on earth (scarcity). very difficult to counterfeit. it's portable, unlike a bale of hay or oil barrel. in short, it's a real resource valued everywhere.
@tmac9938 I said previously: "What can you do with a gold bar? Pretty much nothing. Only because people are willing to give up a lot to own your bar, is it worth anything." That would basically cover its being a high-demand commodity. I then proceeded to imagine, what would happen if there was a shortage in global production: gold would inflate, because it has no intrinsic value. What's warped about that? All I've said that it has no value unless you're able to trade it.
@eshnajizzle woah woah woah.the fact that gold is a scarce commodity is exactly why it has intrinsic value. do you somehow not see that? oil has intrinsic value. agriculture. gold. but paper money? paper is just paper, it isn't scarce. it's what BACKS the paper that matters. the dollar has no backing. gold, however, on it's own doesnt need backing. it has intrinsic value. people value gold.
@eshnajizzle diamonds have intrinsic value. there's another perfect example. people in history even sought after food spices. they're all commodities. gold just makes for a good measure of trade. it's divisible like silver.
Of course anything has some intrinsic value. Nothing is completely worthless. If push comes to shove, I'll use gold as a paperweight or diamonds as - well rings and such. However, the practical applications of gold and diamonds are relatively few, hence it is fair to say, that at current valuations they have a huge amount of AIR added to them.
In a situation of starvation, what will people do with gold or printed paper-money? They'll sell at practically any price.
@eshnajizzle yes but what will they do with their paper dollars? they CANT trade it. it just becomes toilet paper at that point. at least gold has a real commodity with REAL value that others around the world recognize no matter how shitty conditions are on the planet. i mean really... that's security. but the best kind of security is growing your own garden, honestly.
@tmac9938 I don't know about that. Of course you can't go wrong with a garden, but if there are "shitty conditions -- on the planet" I'd choose TP over gold any day ;) Much more comfortable and multifunctional.
Gold may be more valuable in that case, but only if people choose so. If people choose fresh water to be a common currency (i.e. medium of exchange) it will be higher in value than gold. This means gold doesn't have a high intrinsic value; IT IS JUST AGREED UPON!!
The downside to gold is that it in fact doesn't retain its value, but actually deflates when the economy grows. As gold deflates, people find it more and more tempting as a target for investment, compared to stocks, thus lowering their demand and slowing economic growth.
A gold standard, in effect, sets a limit to economic growth (unless you can mine infinitely more gold).
@eshnajizzle during times of caesar a gold coin (ounce) bought you a nice garmet (a suit), a belt, and a nice pair of shoes. today $1200 buys you a nice suit, a belt, and nice shoes.
what are you talking about? gold retains it's value well. it doesn't inflate/deflate. the DOLLAR does. if gold inflates/deflates it's because they either find more gold out of the ground or they consume it in manufacturing. in other words the supply of it would have to change. not likely to happen. paper however?
You indeed have a relatively steady supply of gold. The reason it deflates is the growth of the economy. When there is more to be bought, with no change in the monetary base (in this case gold) you will get deflation. This means that you will need less gold to buy the same amount of goods.
This will lead to money-hoarding, less investment, and slowed growth. This may even diminish the money supply and depress the economy. At this point gold has retained its value at the cost of economic growth.
MV=PQ. This guy would do well to consider this equation, Ironically enough, Milton Friedman is the most important man to counter the ideas of these libertarians.
Jim Puplava is a champion, Peter Schiff called the US housing crash in 2006 while everyone slammed him. These men always offer balanced opinions and a level of 'common sense' the world desperately needs at the moment
But if you have hyper inflation, how will you pay for energy imports? What will the tanks, APCs, helicopters run on? Or will they risk aggrevating the situation by stationing troops at each corner?
You played into the game very well America, now what you going to do trillions of dollars in debt from bailouts, and a trillion dollar deficit? LOL!!!! THANK YOU OBAMA, BUSH, CLINTON, BUSH SR (THE financial deregulation-superman!) for sending a blind folded American people down the trail leading into the dark woods
I sure hope you have some Wolf-OFF laying around because i think wolves enjoy the taste of bahhhhing, complacent sheep!
okie look at it this way guys silver gold ratio supposed to be 15 ounces of silver per ounce of gold right not its about 65. Silver is way undervalued in relation to gold. Now in times of Christ judas sold Jesus out for 20 ounces of silver being half a years wages now 20 ounces is about 400.00 half years wages for most people is about 15,000.00 a year. Do the math there is less silver now than back then due to silver is consumed.
When the 'Royal Mint' is advertising on TV you know its over.This is 2004-6 in the property bubble. The professionals have bought cheap, and the rest of us poor schmuks are panic buying incase we miss out. And ma man ' The Schiff' is whooping up the hysteria
Yeah, I mean for hot shot investors like yourself, gold will get you rich quick. But for the average man looking to get a higher long term return on savings, this gold / silver shit is just the next bubble. Buying in is only half the job. Knowing when to sell is the tough part. I guess you and goldman sachs will probably have it guaged right.
@ANTIDALLARD Nob Jockey, its not about getting rich, it is abour preserving what money you have. Gold is going to $4000 an ounce. If you keep your money in dollars you will lose money as inflation will kick in due to the gov bailouts. No more free advice. If you want to keep whatever money you have in dollars then good luck to you.
Well, my money is in Euros, , And some people say that Europe is in deeper shit than America, and if the euro falls apart people might run to the Dollar. And you and your buddies in the world of high finance will have moved on to the next bubble, leaving the man on the street scratching his head, wondering what the fuck happened. ...Like...They said ya cant go wrong with silver and gold....
@ANTIDALLARD We will see. I was telling everyone to put their money in gold when gold was 600 bucks an ounce. They wouldnt be doing to badly. Gold hasnt even taken off yet. Euros are good too.
Thanks. My currency is in terrible shape (British pound). All paper currencies are in trouble. It is still a great buying time for gold and silver. I want to see as many people as possible get their money out of paper as rising prices will really hurt. Interest rates are nothing and cost of living is going up. I hope people look after themselves. Good luck.
i am afraid your currency and the euro may be in a race to zero, gold and silver are a very good idea. unfortunately my US dollars are not far behind. Maybe we should all switch to the australian dollar they are doing quite well :)
Yes you're right. I also like the Swiss Franc. The US dollar and GBP are being propperd up artificially before it collapses. I have put a large amount in gold and silver. I have stored my gold bars. You can't go wrong with gold right now.
This guy Peter Schiff does not make any sense. Dollar is going go through the roof and gold which is in a massive bubble, ie just like the tech stocks of the 90's and housing bubble we just went through, will fall badly.
swave158 3 weeks ago
@swave158 Doubt it. The Fed prints way too much money and foreign banks buy too much dollars. Once interest rates rise and foreign banks dump the dollar, you'll get massive inflation, not deflation. Something is a bubble when capital is miss allocated. Capital going into gold and silver is not miss allocated. Hardly ANYONE is buying gold and silver. Massive hedge funds don't even buy it because they think exactly like you. When the day comes the train will already be rolling.
ddstar 3 weeks ago
@swave158 Gold is not in a bubble at all, it's actually US debt what's in a bubble. So the debt bubble will explode, and then the precious metals will go through the roof. $ becomes worthless, people with gold & silver will be the richest people and they'll start buying everything from houses to land to stocks. Then when people realize this they will start selling their gold THEN the gold bubble will pop, but not sooner. So you can't compare .com & housing with gold it's completely different.
TWSceptic 1 week ago
@swave158 Oh and you better respect Peter Schiff he predicted both .com & housing and explained in detail why it was going to happen, no one believed him, just like you don't believe him now. Don't make the same mistake. Stack silver & gold now before it's too late.
TWSceptic 1 week ago
Dow is $700, same as it was in 1963, when measured in 1963 real silver money. Gasoline is 19 cents a gallon today, in 1963 money. It's a currency debasement problem. The inflation has already occurred due to debasing the currency benefitting bankers, brokers, owners, and government. Wall Street wins, Main Street loses with currency debasement. Renters, families, employees, and children lose. This was all predictable in 1964 and 1971. It is exactly as expected. Protect yourself. Buy silver/gold.
jackgoldman1 3 weeks ago
Run the hell to a gold/dealer and buy before its too late. You'll either be laughing with joy or balling when the dollar folds. Your choice.
9pt9 3 weeks ago
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Everyone better Wake up and Wake up fast !. Simply moving your money to a credit union will not lower your risk from the federal government confiscating your wealth very very soon !. The only safest thing people have to do is exchange the majority of their worthless US dollars into physical Silver and Gold. If you don't do this in the coming few months, it will be too late for most of you ! ! ! ! !
vid009 1 month ago
Last comment here added to the ones below: I have done my own business ventures before--teaching privately, authoring books, being a landlord. All have been quality work and well received. (I was able to become a landlord by teaching abroad in a country that paid teachers well). However, these are not stable full-time jobs. I keep my "government" job because the income is steady and I LOVE to teach. But why the low pay? I'm not even given what I was promised when I entered the profession.
whatuspkaren 2 months ago
Peter Schiff has some great ideas, but look, there is clearly a culture of exploitation. Just saying, "Start your own company," is not that simple. I'm a teacher. Should I give up what I'm gifted at to be an administrator? I want to TEACH! I am teaching, and my teaching brings A LOT of money to my organization. Does Schiff think the only valid way to respond is to quit my job and do a completely different one? I teach international students. How would I even get student visas for them?
whatuspkaren 2 months ago
@whatuspkaren I feel same way just go get another job is sound in principal but so is yours you should do what you like and enjoy it, without haveing to shop around or relocate for a much needed service I think central banks that determine the flow of credit and money supply- inhibit innovation that would correct that problem in free market, ballooning pay comes from ficitous capitol being available and CEO unaccountable to people that effects inflation effects
CaptainZuluGamma 1 month ago
Speaking of government pay, my salary has hardly kept up with inflation--I am making basically the same as I did as an intern in the same position 20 years ago. My institution is the one part of the state University that I work at that actually brings in the private funds (international student--MONEY FROM ABROAD--how much better can you get???) and these funds have increased far faster than the rate of inflation.
whatuspkaren 2 months ago
@whatuspkaren And if we didn't have inflation but a natural deflationary system (gold standard) you're salary would be increasing, not even including your raises (if any).
ddstar 3 weeks ago
the Fed loan the banks 9 trillion in sep ,oct 2008 information came out 2010
the video is on here and in 2009 loan out half a trillion and more
sha370z 3 months ago
So you are saying random is more complex than complex? That random is complex...it may be complex but not complexly organized. Complex organizarion is what separates the "percieved" power of nature from the true power of a Designer.
The forces of nature alone merely destroy, it takes a designer to program enough integrated systems to allow an environment of life to take shape.
gladiator1010 3 months ago
@gladiator1010 Since you've politely read all of my suggested articles including Conway's Game of Life, then we've already established that self-organization is a universal phenomena and it's possible to create self reproducing automata from randomness without first conceiving the form of the generated automata. I'd recommend learning a programming language such as Python and proving this to yourself. You ask a GREAT question though with "what caused the big bang"
metamemetics 3 months ago
@gladiator1010 One can state "all phenomena is caused by a deity", and that's fine! It's not a disprovable statement, so such a deity can always exists. But when one states "modern man did not evolve from early man" or "species do not evolve", those ARE disprovable statements, and they have been disproven many, many times.
metamemetics 3 months ago
to intelligent design
Computer programs never program and run themselves...not until after they were purposefully pre-set through intelligent design...we are far more complex than any computer program let alone computer. There are no simple answers and just the amino acid problem is enough to blow the entire theory into the dustbin of history
gladiator1010 3 months ago
@gladiator1010 /facepalm : (
Please read this entire articleon wipedia.org: /wiki/Evidence_of_common_descent
metamemetics 3 months ago
@gladiator1010 Also amino acids have been found in meteorites, and also spontaneously generated in experiments simulating meteor impacts using bullets.
metamemetics 3 months ago
@gladiator1010 Also the fact that all computer programs were programmed by computer programmers is a property of the definition of computer programs. Stating a tautology does not disprove evolution, and disproving evolution does not prove intelligent design.
metamemetics 3 months ago
@metamemetics How can anyone truly explain away the overwhelming common sense that random volition cannot create complexity?
When has it ever been observed that matter organizes through self-volition. I mean, even the chemical structure of my body breaks down over time, and my body is already fully-formed. Time reudces everything back into dust...and we are to believe dust can just re-create itself like that? Into DNA structures just as complex as computer programs? Sure....
gladiator1010 3 months ago
@gladiator1010 If matter didn't self organize on its own, we wouldn't exist! Have you ever heard of crystals, diamonds, or snow flakes? You can verify the self organizing properties of matter yourself with sugar and water. I don't think you grokked the wikipedia article "Evidence of Common Descent", once you reread that please read "Entropy" and "Conway's Game of Life". If you had a bad high school science teacher, consider checking out some of the awesome videos at khanacademy (dot) org.
metamemetics 3 months ago
@metamemetics
"If matter didn't self-organize on it's own, we wouldn't exist!" Lol...unless there is a Designer who created the cyclically organizing nature of reality.
So what people are saying is, everything we see in life...came from nothing, randomly through self-volition over billions of years that accidentally "formed" into the incrediblely complex absolutely perfect conditions required for any life?
Has anything ever happened without a cause? What caused the big bang?
gladiator1010 3 months ago
@gladiator1010 Also, it's important to ask, what does it mean for something to be "complex"?" The most complex thing possible is pure randomness. That is, a page full of purely random letters contains more information than a page of English words. It's harder to predict or copy the exact contents of the purely random page because there are more possibilities, whereas with English there are a limited number of words and valid combinations. One definition of complexity is "Kolmogorov Complexity"
metamemetics 3 months ago
@metamemetics
Where is the evidence that life could have begun without intelligent interference?
How can the evolutionary model be true since the fossil record clearly shows most major groups emerging at the same time?
What about the Cambrian Explosion?
Plus just cause neutral human DNA sequences are approximately 1.2% divergent from chimpanzees does not work out the way they are trying to make it seem. A less than 0.1% change would make life impossible.
gladiator1010 3 months ago
@gladiator1010 Kolmogorov Complexity states that the complexity of something is measured by the length of the shortest possible computer program it would take to generate. So in the case of Conway's Game of Life, a seemingly uncountable number of self organizing automata can be generated from a program expressing only 4 rules. In the case of the Mandelbrot fractal, infinitely complex shapes and patterns are actually only as complex as the shortest program expressing Pc: z -> z^2 + c
metamemetics 3 months ago
@metamemetics But who-what "created" those rules? The world of invisible is still real and affects us and we cannot put the invisible into categories we already understand fully.
These are "rules" that "allow" for the "creation" of "existence". Without these rules there cannot be life. The very existence of life-creating "rules" "invisible structures holding our world intact would point to a "rule-maker"
Where did math come from? How is it even possible for us to consciously understand it?
gladiator1010 2 months ago
Except that most modern science especially publicly proclaimed science is government funded but no, only the economists and lawyers and politicians are capable of lying...scientists have our best interests in mind....
Or maybe, they desire any possible way to explain God away and spend their whole lives searching to validate their beliefs...who we are and where we came from are the deepest questions to life...WE ARE ALL BIASED IN THIS...scientists are no exception and if anything..it points
gladiator1010 3 months ago
so let me get this straight. during a deflationary period, a house that might cost, say 100 oz of gold, might go down to 75 oz of gold. that same house that costs $150k, might rise to $200k over the same period? if so, does this mean we should look for the price of gold in dollars will go up dramatically?
cristoballs 3 months ago 5
@cristoballs yeah, faster than the rate of inflation, especially when people start pouring into the gold market
theeonionbagel 2 months ago
@cristoballs Basically, printing too many dollars makes them cheaper in correlation to everything. Including gold, if that was your question. In other words, if an ounce of gold costs 2000 dollars, according to this estimate, it should go up to, I don't know, perhaps 3000.
Wookman17 2 weeks ago
@cristoballs Correct.
TWSceptic 1 week ago
Peter Schiff has made Harvard economists look like complete economic amatuers.....if our top publicly supported economic-law school (see government supported) is overrun by fools, how could our publicly supported (see government supported) scientist high school teachers be any better?
Evolution fails just like art laffer's HUGE BET! lol
gladiator1010 3 months ago
@gladiator1010 That's extremely bad logic. Psychology, Economics, and Sociology are "social sciences", not hard sciences like biology. The evidence for evolution existing is overwhelming. There is no logical connection between Peter Schiff's foci and evolutionary biology.
metamemetics 3 months ago
@gladiator1010 What Peter consistently mentions is the trend of people placing belief before reasoning instead of after: He asserts that people rally behind Keynesian policies because they already believed that government intervention can help beforehand.
metamemetics 3 months ago
@metamemetics Yeah, and the only way to consistently believe in evolution is because everyone was taught the theory as already true...when in fact, they still can't answer how complexity and intelligence organizes through random volition.
Further, fish for instance could never have evolved a tail...it had to come fully operational and finely tuned or it would never have survived. Plus, the amount of intermediary species wouldv'e been enormous and we find NONE Fail.
gladiator1010 3 months ago
@metamemetics
That is exactly my point, placing government installed belief-programming before common sense.
We evolved from monkeys? Common sense? Keynesian economics taught right alongside evolutionary science...the best, most complete mind control money could ever buy.
How do you destroy Divine Law? Destroy all thoughts of divinity...
gladiator1010 3 months ago
Fuck Gold-backed dollars, Let's just go back to Gold.
TumisHumis 4 months ago
This guy has no idea what he talking about.
1- Governments do not create money, banks do, through debt.
2- Gold is not money, it is just a comodity.
He is an idiot.
shitaye12 4 months ago
@shitaye12 He didn't say either, something is wrong with your perception.
pretorious700 4 months ago
@shitaye12 GOld is money you fool, it has been for over 6000 years. FIAT currency always fails...study history my friend. The elite stock gold...why do you think this is?
AustralianAllTheWay 4 months ago
@shitaye12 Thats the thing
While Gold might not be legal tender, but if you human beings see gold as money always have.
The only way to stregnthen the dollar is to invest in production.
Salvysahagun 3 months ago
@shitaye12 Time for you to try to think your way out of the box public education has trapped your mind in. Put away the textbook and pick up some Hayek.
762foru 3 months ago
@shitaye12 This subject is not for you! But, I'm sure you are an expert on idiots,
you present yourself as one in all your glory!
"Now go home and get your fuckin' shine box!"
fntime 3 months ago
Brilliant! Peter Rocks! Everything looks like its getting cheaper to me!
davenetdog 4 months ago
in my opinion, if u dont need money then money is worthless
Daniyoyo 5 months ago
You have heard the term“A fool and his money are easily parted”well, we are all witnessing either through design,or absolute ignorance,the fleecing of America. Utterly insane!A reign of thieves has been unleashed upon America, allowed by a lip flapping governing body. America is entering into a kleptocratic state, very little productivity, and a extreme loss of wealth, with no accountability. Our Government has been hijacked by a extremely wealthy international class, called the OneWorldOrder!
Clint45s 5 months ago 19
@Clint45s They have found the flaw of democracy, they care only about
markets as a means to wealth for themselves.
It seems the voters are in love with the people who are responsible
for their lower standard of living and the lost of liberty.
It's a perfect example of the 'inmates' also being their own
guards.
fntime 2 months ago
@Clint45s And your evidence for this conspiracy theory?
TWSceptic 1 week ago
@TWSceptic Hello tws...First one has to have the desire to know truth, and seek it. I recently posted a very interesting video on my site, It is very in telling, and very interesting. This is one, of many premises, or understandings that help us understand the control mechanisms being spun to control mankind. Watch the video, and do some researching on the information given. They say one has to put in work to fully appreciate understanding.Researching the Issues in the video. It’s a great start!
Clint45s 5 days ago
food is more valueble than gold when the shelves are completely empty
garysquirrelreviews 6 months ago
@garysquirrelreviews no gold is more valuble than say, a lemon
garysquirrelreviews 6 months ago
@garysquirrelreviews Not if you are well deversified in both. like me! 2 other precious metals I am deversified in are steel and lead,
thiscreepingmalaise 5 months ago
@AUSM92 Between China and India, you're looking at well over 2 billions people. Nearly 1/3 of the world's population. They're going to have to keep their money somewhere. And as their currencies appreciate...
UponInfinity 6 months ago
@AUSM92 Sadly, CAD politicians only have one position when it comes to the US, and that's bending over in the shower. They debase the CAD a lot to match the USD because it hurts exports if they don't. Else it would be a lot higher. I think anything energy and mining related not in USD is good. I'm also looking at banking in India and China, I think is great long term as more and more of their population becomes richer.
UponInfinity 6 months ago
@UponInfinity I think the CAD will follow the USD down a lot until they finally say enough is enough and decouple completely. It will shock the Canadian economy severely. But we are a commoditiy exporting country, we will just have to find other customers for our stuff, but it will be more expensive to send overseas, so profits will plummet even after a substantial rebalancing.
UponInfinity 6 months ago
@AUSM92 Correct. Listen to Peter when he describes the value of the Dow. Specifically how he prices it in silver, copper, even lead or zinc or cotton. The dollar value of the Dow, kicking around 12,500 today is technically losing value even against when it was the same price a few months ago, and especially when it was that price back before the collapse. The dollar value is the same but those dollars buy you less. So, the Dow is coming down against those things. So too, will real estate.
UponInfinity 6 months ago
BS!
Statements spoken as facts where a question mark is more appropriate.
Even in hyperinflation dollar bills would remain THE ONLY LEGAL means of exchange. So while everyone will want to get gold and real goods in exchange - for as long as there is a JOB and salary dollars is what you get and dollars is what you pay your grocer.
So yes the dollars will get more valuable - because you get paid less, even though essentials will cost more.
yuriyatwebgress 7 months ago
@AUSM92 Inflation for the US dollar, massive delfation measured against anything else - silver, gold, etc.
UponInfinity 7 months ago
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love this nigger... great information...
PunjabiSikhRajput1 7 months ago
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The very fact Peter Schiff (Jewish) is even ON main stream media, means that he is "approved" by the powers that be.
What this video DOESN'T tell us about the Federal Reserve:
All Chairmen of the Federal Reserve since 1987 have been JEWISH!
# Alan Greenspan - JEWISH (August 11, 1987 - January 31, 2006)
# Ben S. Bernanke - JEWISH (February 1, 2006 - Until the internal destruction of the United States?)
Jews make up 0.2% of the world population...
Can you say; CONTROLLED OPPOSITION?...
WatchMissingLinks 10 months ago
Somehow Mr. Schiff failed on this one.
MillyVanillification 11 months ago
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Jim Rogers for Secretary of the Economy!
whereismybailouttv 1 year ago
Someone said this Schiff is not the grandson of the Federal Reserve architect Schiff. My bad. So he must only be a cousin or grand nephew or something. My bad.
For the Keynesian comment below, I add that Keynes himself said inflation is a way to rob the lower classes of their wealth without them knowing it.
LaramieTrail 1 year ago
@LaramieTrail Well to Keynes inflation is simply a tool to increase consumption.
gary83uk 1 year ago
.......apparantly, the US Federal Reserve's booklet Modern Money Mechanics, which details the QE process,is now out-of-print....
MEXBOL 1 year ago
So I am in this college intro economics class and the teacher is definetly a Keynsian. Its kind of funny but sad at the same time. He does not know shit about anything, sometimes I argue with him after class, but he is a pretty stuborn person stuck in his ways. He dosen't want to admit that 40 years of his life he has wasted studying nothing but science fiction bullshit keynsian economics. The sad part is alot of the kids in the class believes what he says. I just shake my head.
longlivetherepublic1 1 year ago
@longlivetherepublic1 Pretty pathetic.
Pdrum2 1 year ago
Remember that Schiff's Jewish grandfather was one of the architects for the evil Federal Reserve. Note that his senate campaign did not get off the ground. Naturally we will have deflation because the federal Reserve has been desroying money supply even as it pumps fiat money to the banks and sticks the taxpayers for the bill.
LaramieTrail 1 year ago
@LaramieTrail I don´t think deflation is going to happen (even if it wouldn´t be bad) with Bernanke, who based his whole monetary policy in avoiding it (he has an article called "Deflation? Not Here" or something like that), he would rather have hyper-inflation, which I think is a possible outcome, than "evil" deflation so, yes, dollars are going to be worth less and less, in some years they´ll be interchangeable for toilet paper
Burdell22000 1 year ago
@LaramieTrail Peter Schiffs father is Irwin Schiff whos father is Jacob Schiff but not the JACOB SCHIFF. They are different schiffs. Check the facts before you go spreading around such rubbish claims as yours
longlivetherepublic1 1 year ago
These scum are all the jew. The International Jew by Henry Ford. Read it. The jew is never a nationality. They are always the jew. They own the world now and look at what happens. They intend to steal everything and then kill the goy. Poisoning of the food and water supply. See Beef Products, Inc. run by the jew Roth. Mixing animals parts they used to throw away or turn into dog food or grease with AMMONIA, A DEADLY POISON. Its now in ALL hamburger in the USA. Welcome to the new world kiddies
angstotheclown 1 year ago
@angstotheclown Yes, luckily with the internet anyone can discover super-secret super-efficient super-evil super-old Jewish-Masonic-Amish conspiracies in 5 minutes, I wonder why the "Jews overlods" didn´t close the internet or, even better, ordered the killing of everyone that has intelligently exposed his world conspiracy as of now
Burdell22000 1 year ago
@angstotheclown lol.. sure.. peter is running around town in the night and pisses in your garden to poisen your water..
haha.. whats wrong with you ridiculous people (you need to concentrade yourself more)
BadWithNames123 1 year ago
The US Gov best realize that many US "consumers" will never spend like they have in the past. The US Gov best take this into consideration with any so called "recovery" program. The analogy is "once one touches a hot stove, one won't do it again." That will hold true for the majority that have been burned. Wall Street... it would seem that commodities are as safe if not safer that stocks. The US Gov seems to be in wishful thinking mode with military troops as a back up plan... BIPOLAR?
UnitedCorpOfAmerica 1 year ago
Get some solid facts on what's going on in America and elsewhere I like these You Tubes: Peter Schiff, his are all good watch them all if you can.
Dr. Albert Bartlett, Titled: The Most Important Video You Will Ever See.
National Inflation Association, Titled: Meltup, and another one, Japan: Americas lost decade.
One last one that I just found is: Why Are We In So Much Debt. Have fun and God Bless
biospharms 1 year ago
Gold and silver are currently a good investment for US people only because it is priced in US dollars BUT the exchange rates of all foreign currencies RISE against the US dollar, offsetting their gains,this is crazy, the world is better off without this garbage as a 'reserve'.
Prechter has virtually destroyed all faith in his EW service, he recommended SELLING gold when it was 300 USD per oz, shorting the dow at 9760 - he is a PAPER BULL!!
Jim Puplava should be given the Nobel Prize for finance
straty01 1 year ago
Everybody is talking about deflation like in 1930's... But Peter Schiff is right,, it is deflation,, deflation in terms of gold... And back then the money was backed by gold...
But now it is going to be inflation in terms of money and deflation in terms of Gold. That is why Gold and silver is going up double digits.
bjarnet3 1 year ago
Oh Peter, everyone wants to hold the dollar, 85% of world transactions are made with DOLLARS.
rexirexi 1 year ago
I love the Roman example, it is correct 100 percent. Government employee pay usually have automatic raises for no reason at all. Also their pensions are determined by their last few years of work, so they dont get hurt by inflation like normal citizens who save money but lose value due to inflation
krillin876 1 year ago
I don't know if the gold standard is necessarily the way to go, because gold has some useful applications, but I do know that our current system is unsustainable.
strakha0 1 year ago
@strakha0 if you dont know by now youll never know and youll be the first to be herded into the FEMA camps because of your lack of knowledge. stupid, uneducated people die young. have a nice life
MrHarry46 1 year ago
@MrHarry46 FEMA camps? Fuck off you paranoid nutter. It's most likely that when these camps fail to appear you'll just quietly abandon this foolish notion, but I do hope before then you have an epiphany that results in you thinking before you speak out again.
strakha0 1 year ago
@strakha0 whatever monkey. remember: as you doubting thomases lazily and blindly let your country's Hallowed US Constitution be ravaged by the fascist corporate elite who have taken over the USA and divided you, dont forget to pat yourselves on the back for being coward chickenshits who didnt stand up once your rights are gone.
MrHarry46 1 year ago
@MrHarry46 Epiphany not happening today then. Just a few short points:
1. I'm not American
2. I'm not black, but regardless you shouldn't call people monkey
3. I stand very firmly against the corporate elite
4. It's far easier and more profitable to keep us in indentured servitude. 90% of resources going to the top 1% in the US, combined with popular movements against tax increases for the rich and healthcare and social security for the poor.
Get the picture?
strakha0 1 year ago
@strakha0 Im appalled youd assume I thought you were black because I labeled you a monkey! you must be one thick skulled white cracker! remember:..white crackers evolved from apes too sister!
what a retarded fucking primate!
ok listen.....I was going to reply but you just earned my contempt for being a neanderthilic prosimian. theres a tree out there somewhere with YOUR NAME ON IT. go swing in it chimp!
fuck the ape monkey queen and FUCK the rothschilds
MrHarry46 1 year ago
@MrHarry46 I know more about evolution than you ever will you moron, and I'll give you one peace of wisdom: humans did not evolve from apes. Now, I'm sure an uneducated twat like yourself thinks that's a denial of evolution, but here is the truth, and I'll write it big so you remember it: HUMANS, APES AND OTHER PRIMATES HAVE A COMMON ANCESTOR. Maybe you are the exception.
You shouldn't be ashamed of being ignorant, but you should be ashamed that you THINK you know so much. Go back to school.
strakha0 1 year ago
@strakha0 oh for heavens sakes....now the name calling...LOL..I just cleanly beat you now youre bitter...sorry skippy, didnt mean to be so cruel. go to sleep child..beddy bye night night
MrHarry46 1 year ago
@MrHarry46 You really are a joke. I disproved your mad rantings point by point, you then chose to focus your attention on your previous insult to me (not to be childish but you started the name calling from your very first comment), in an attempt to avoid addressing what I said ("I was going to reply to you" - how convenient), and just ended up making a fool of yourself further. Now you're retreating while shouting "I win, I win". Please continue, I'm intrigued as to what you will say next.
strakha0 1 year ago
@MrHarry46 You know what the greatest irony is? You're too stupid to realise that we mostly agree - I just have logical reasons as to why FEMA would not put people into camps, and particularly myself seeing as I don't live in America. Every assumption you have made about me has been wrong, and despite correcting you, you're still finding reason to argue.
Not only should you go back to school, but you should learn to pick your battles better.
strakha0 1 year ago
@strakha0 blah blah blah blah, blah blah, then blah blah blah. so if blah = blah, then blah blah = blah blah. hence, blah with blah being what blah is then blah to blah blah is blah to bla blah blah.
good day
MrHarry46 1 year ago
@MrHarry46 How old are you?
strakha0 1 year ago
@strakha0 blah blah - blah blah blah + 4.86 x 3. blah
you suck
MrHarry46 1 year ago
@MrHarry46 I agree, Peter is all blah blah blah
rexirexi 1 year ago
@rexirexi Peter Shiff is spot on. silver just gained 1.23 over the last two days. gold will be 1500 by the end of the year. this economy is IN a depression that is worsening and the american people are still listening to that propaghandist shill glen beck. sad sick america.
MrHarry46 1 year ago
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pursuit of capitalism or mercantalism. call it what you want we need limited, very limited government. we need more freedoms, more personal freedoms, less taxes, no taxes, stop spending, in theory that period of america when gold was set at 21.00 dollars per oz for 100 years profuced our greatest prosperity. government only has to defend nation and keep things fair. nothing else.
Rico8458 1 year ago
Aren't you Connecticut voters ashamed?! You had the perfect opportunity to vote for this great man, and you elected that crook Linda McMahon.
TheBlitz1 1 year ago 59
@TheBlitz1 They should be!
plalelal 1 year ago
@TheBlitz1 i know right fucking unreal
tonyteb 1 year ago
@TheBlitz1
Apparently, there's no such thing as shame anymore.
Luvanicebum 1 year ago
@Luvanicebum yeah, they're better off just to stop spending and let everything get better but no one wants that, fantasy won't match reality.
Pdrum2 1 year ago
@TheBlitz1 Yes, we are a dumb state!!! I voted for Peter Schiff!! and still nothing happened!!! get yur guns up!, ya dig!! :)
sawzaw203 1 year ago
@TheBlitz1 I think Peter Schiff is great, but is Joe Sixpack going to vote for a guy who says "Get your money out of America!"
ryanskapa 1 year ago
@ryanskapa Well Joe Sixpack doesn't understand economics because he has been hoodwinked since birth into believing keynesian principles like propagating asset bubbles, supporting deficit spending, acquiring massive debt and leverage, and creating malicious investments with other peoples capital.
TheBlitz1 1 year ago
@TheBlitz1 But she had a better entrance music and fireworks...
NoisemakerArrow 6 months ago
@TheBlitz1 The problem was he run for office in Connecticut. If it was New Hampshire or Texas he'd of won.
Cyrus255 5 months ago
@TheBlitz1 As a Connecticut resident i am ashamed!
jfico89 3 months ago
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--- spread the message around the world ---
its time to avenge the oppressed soul of this world. let us all unite against EVIL WORK of BANKS & DRUGLORDS.
BANKERS & DRUGLORDS has NO SOULS they belong to satan. they are serious to slave us all to death.
SAVE the ANIMALS & NATURE. END THE DEBT.
---- copy & paste WE ARE THE 99% FREEMAN ----
BURN THE BANKERS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
BURN THE BANKERS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
kopellhinex 3 months ago
@TheBlitz1 Richard Blumenthal was elected over Linda McMahon. I could never vote for her.
noclouds111 3 months ago
Japan entered its Lost Decade from a position of strength, an average savings rate of 15%, unemployment rate of 2%, a huge trade surplus, a huge government reserve and a debt to GDP ratio of less than 20%. The US enters its recession with a complete opposite circumstances. Also take a look at the national debt holders. 95% of Japan's public debt is owned by Japanese. More than $10 Trillion of US liabilities is owned by foreigners, particularly Asians. And they want to compare?! Lol.
RoniCMaster 1 year ago
@RoniCMaster I was with ya all the way up to your "lol" at the end of your statement. I can not see how anyone could ever think the situation in the USA is even remotely funny. good day
MrHarry46 1 year ago
@MrHarry46 If you've been with me up to the "lol", then you should understand that I wasn't loling at the situation in the US but at the comparison they're making.
RoniCMaster 1 year ago
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So Peter what happens if we go to the gold standard? The population will continue to increase while the money supply is constant. That's going to lead to deflation, everyone holds less money. Deflation is much worse than inflation. Why? We already import much more than we export and we are losing jobs overseas. If anything this means that we need to devalue the dollar. In conclusion you want deflation, more cheap imports, and less jobs in america.
slurpeeday 1 year ago
Good Luck on the elections, Peter
ravaneli55 1 year ago
People are already leaving the country. There is no need to go down with the ship.
freedomfightertwo 1 year ago
It's that I think the little pieces of paper have intrinsic value, it's that lower demand and lower consumption mean there is less money being spent. Merchants must cut prices to compete -macro economic result lower prices overall. if you want to stimulate demand cap credit card interest at 2.5 times prime.
derfilmmacher 1 year ago
Mark my words right here on this site: DEFLATION AINT GONNA HAPPEN! As long as helicopter Ben can keep printing money, it wont happen folks. When you consider that banks and the entire financial system are debt financed through bonds and loans, deflation would be beyond disaster. The U.S. is one of the largest debtors in the world. Deflation and Inflation are controlled by money supply. However, HYPERINFLATION is a VERY REAL AND LOOMING THREAT. Deflation is nothing more than intestinal gas.
kysmik 1 year ago
Sounded like some double talk when talking about the gold value/prices subject
kevreilly7 1 year ago
EH! Peter I hear the same Escrament coming from your mouth! The only way we are going to know if one of these BULLSHITERS is for real is when they start telling us we are going to bring these MURDERING ROBBERS TO JAIL & ABOLISH THE MONEY OWED TO THE EUROPEAN BANKERS RESERVE BANK (AKA FEDERAL RESERVE) besides that this PETER SHIT IS EXACTLY THAT SHIT!
911LIARS 1 year ago
@911LIARS um. peter is fighting the good fight. he is NOT on the side of the bankers. why you hate peter so much for not focusing in on the conspiracies is a little over-zealous of you.
tmac9938 1 year ago
@tmac9938 If Peter was saying he would refuse to pay any derivatives sold to the Country & to the States & Tell the Fed to wipe their ASSES ON THEIR INTEREST PAYMENTS then I would have nice things to say , but he is SELLING US THE SAME BULLSHIT HOW WE OVERSPENT! Ask the ASSHOLES THIS who did we give our Money for safe keeping The old lady who wanted a house that was to big for her budget or to THE FUCKING BANKERS!
911LIARS 1 year ago
It's largely not a question of what you can do with it but a question of what you can't. i.e.. Duplicate and multiply it at whim, or produce anything with it. What you can do with it is divide it into manageable sums, transport it fairly simply and test its authenticity easily. Taken together you might say it's a currency which inspires confidence.
rabuzin 1 year ago
Every time I look at that pyramid on the greenback it makes me physically sick!
EMPIRE0FLIES 1 year ago
all of you in Connecticut help peter schiff in his campaign for senate. we need him to get into the US senate and get all of the bufoons there to brace for impact.
g3f0rc3p0w3r 1 year ago
I just can't figure out this excitement over gold. I understand people wanting to buy it now, as its value relative to the dollar is rising, but the general concept of gold=wealth is ridiculous.
What can you do with a gold bar? Pretty much nothing. Only because people are willing to give up a lot to own your bar, is it worth anything. This is also why I think gold is doing so well right now; people have been told it's a good investment, so they buy. Supply and demand; prices have to go up.
eshnajizzle 1 year ago
Not to say that I'd actually want a global food shortage - far from it - but I would like to see it at a conseptual level, in order to see the faces of todays gold hoarders as they are made to pay 10oz of gold for a loaf of bread... =)
eshnajizzle 1 year ago
@eshnajizzle Gold will only benefit the wealthy to help them retain their vast wealth when the dollar crashes! and at the current rate, it will happen. If you want bartering power go silver, nickel and brass. Brass in .308 preferably over 5.56. Yes, the markets are going to crash, to what degree....who knows. Asia, Europe, NYSE, they are all going down. The only question is how far? Obama will own (nationalize) Newmont, Barrick, Freeport and the rest of them!
6GUNSOUTH 1 year ago
@eshnajizzle You've answered your own question, EVERYTHING is only worth what someone else is willing to pay for it. Nothing special about Gold, except it's rare, doesn't rot like food etc etc.
ev06dre 1 year ago
@eshnajizzle your concept of what real money is is very warped.
tmac9938 1 year ago
@tmac9938 Instead of merely claiming my views are warped, I suggest you explain the reason you think so. If you think it unnecessary to do so, I can claim you have a warped sense of what is morally acceptable.
eshnajizzle 1 year ago
@tmac9938 here's your explanation that you're so dying to hear.
/watch?v=Z-Id1_BlkME
topic: gold vs US dollar
youtube explanation: gold is real money. more accurately, it is a high-demand commodity (ex: food, wood, steel, oil, silver) that you can trade anywhere in the world. there's only so much of it on earth (scarcity). very difficult to counterfeit. it's portable, unlike a bale of hay or oil barrel. in short, it's a real resource valued everywhere.
paper dollars backed by nothing? nope!
tmac9938 1 year ago
@tmac9938 I said previously: "What can you do with a gold bar? Pretty much nothing. Only because people are willing to give up a lot to own your bar, is it worth anything." That would basically cover its being a high-demand commodity. I then proceeded to imagine, what would happen if there was a shortage in global production: gold would inflate, because it has no intrinsic value. What's warped about that? All I've said that it has no value unless you're able to trade it.
eshnajizzle 1 year ago
@eshnajizzle woah woah woah.the fact that gold is a scarce commodity is exactly why it has intrinsic value. do you somehow not see that? oil has intrinsic value. agriculture. gold. but paper money? paper is just paper, it isn't scarce. it's what BACKS the paper that matters. the dollar has no backing. gold, however, on it's own doesnt need backing. it has intrinsic value. people value gold.
tmac9938 1 year ago
@eshnajizzle diamonds have intrinsic value. there's another perfect example. people in history even sought after food spices. they're all commodities. gold just makes for a good measure of trade. it's divisible like silver.
tmac9938 1 year ago
Of course anything has some intrinsic value. Nothing is completely worthless. If push comes to shove, I'll use gold as a paperweight or diamonds as - well rings and such. However, the practical applications of gold and diamonds are relatively few, hence it is fair to say, that at current valuations they have a huge amount of AIR added to them.
In a situation of starvation, what will people do with gold or printed paper-money? They'll sell at practically any price.
eshnajizzle 1 year ago
@eshnajizzle yes but what will they do with their paper dollars? they CANT trade it. it just becomes toilet paper at that point. at least gold has a real commodity with REAL value that others around the world recognize no matter how shitty conditions are on the planet. i mean really... that's security. but the best kind of security is growing your own garden, honestly.
tmac9938 1 year ago
@tmac9938 I don't know about that. Of course you can't go wrong with a garden, but if there are "shitty conditions -- on the planet" I'd choose TP over gold any day ;) Much more comfortable and multifunctional.
Gold may be more valuable in that case, but only if people choose so. If people choose fresh water to be a common currency (i.e. medium of exchange) it will be higher in value than gold. This means gold doesn't have a high intrinsic value; IT IS JUST AGREED UPON!!
eshnajizzle 1 year ago
@eshnajizzle you can melt it down... and make very expensive furniture with it
tmac9938 1 year ago
@tmac9938 But you can't wipe... =)
I'm done with this conversation. I still think gold is the most overvalued commodity in the history of mankind. Thanks!
eshnajizzle 1 year ago
@tmac9938
The downside to gold is that it in fact doesn't retain its value, but actually deflates when the economy grows. As gold deflates, people find it more and more tempting as a target for investment, compared to stocks, thus lowering their demand and slowing economic growth.
A gold standard, in effect, sets a limit to economic growth (unless you can mine infinitely more gold).
eshnajizzle 1 year ago
@eshnajizzle during times of caesar a gold coin (ounce) bought you a nice garmet (a suit), a belt, and a nice pair of shoes. today $1200 buys you a nice suit, a belt, and nice shoes.
what are you talking about? gold retains it's value well. it doesn't inflate/deflate. the DOLLAR does. if gold inflates/deflates it's because they either find more gold out of the ground or they consume it in manufacturing. in other words the supply of it would have to change. not likely to happen. paper however?
tmac9938 1 year ago
You indeed have a relatively steady supply of gold. The reason it deflates is the growth of the economy. When there is more to be bought, with no change in the monetary base (in this case gold) you will get deflation. This means that you will need less gold to buy the same amount of goods.
This will lead to money-hoarding, less investment, and slowed growth. This may even diminish the money supply and depress the economy. At this point gold has retained its value at the cost of economic growth.
eshnajizzle 1 year ago
MV=PQ. This guy would do well to consider this equation, Ironically enough, Milton Friedman is the most important man to counter the ideas of these libertarians.
hoodoo961 1 year ago
awesome video could u check my channel out if u like my vids u should subscribe. keep it up.
xxxrandomjamezxxx 1 year ago
Jim Puplava is a champion, Peter Schiff called the US housing crash in 2006 while everyone slammed him. These men always offer balanced opinions and a level of 'common sense' the world desperately needs at the moment
straty01 1 year ago
one has to think that the federal reserve knows this, but that they have some scheme that will prevent hyper inflation. military?
NATOvsENEMIES 1 year ago
But if you have hyper inflation, how will you pay for energy imports? What will the tanks, APCs, helicopters run on? Or will they risk aggrevating the situation by stationing troops at each corner?
rkd151 1 year ago
canada is america's biggest oil exporter.
i don't know. but history shows wars often follow economic crisis.
NATOvsENEMIES 1 year ago
This mensger is very good. I´d like to speak as he.
brunoargolodematos 1 year ago
You played into the game very well America, now what you going to do trillions of dollars in debt from bailouts, and a trillion dollar deficit? LOL!!!! THANK YOU OBAMA, BUSH, CLINTON, BUSH SR (THE financial deregulation-superman!) for sending a blind folded American people down the trail leading into the dark woods
I sure hope you have some Wolf-OFF laying around because i think wolves enjoy the taste of bahhhhing, complacent sheep!
mattmatt115 1 year ago
Schiff has been correct in the long term and has a lot of insight into the fundamentals.
Peter Schiff 2010
FreeMarketForces 2 years ago 2
Peter is the very antidote! i hold both thumbs for him to got to washington ! 加油！
zUkUnFtsBeAt 2 years ago
This government will expend every possible tactic to prop themselves up. Be prepared. Keep your heads down.
doverlin 2 years ago 8
SPELLING FAIL
stupidjunk978 2 years ago
okie look at it this way guys silver gold ratio supposed to be 15 ounces of silver per ounce of gold right not its about 65. Silver is way undervalued in relation to gold. Now in times of Christ judas sold Jesus out for 20 ounces of silver being half a years wages now 20 ounces is about 400.00 half years wages for most people is about 15,000.00 a year. Do the math there is less silver now than back then due to silver is consumed.
TheCashistrash 2 years ago 3
deflation is a contraction in the money supply. Credit crunch = deflation
Straightsix76 2 years ago
DO NOT BUY SILVER / GOLD.
When the 'Royal Mint' is advertising on TV you know its over.This is 2004-6 in the property bubble. The professionals have bought cheap, and the rest of us poor schmuks are panic buying incase we miss out. And ma man ' The Schiff' is whooping up the hysteria
ANTIDALLARD 2 years ago
The great gold boom has not even started yet. There will be a bubble eventually, but this is not even close to it.
slipcurve 2 years ago 2
@ANTIDALLARD Is that why gold hit a new high today?
idiot.
theguvnorjimmy 2 years ago
Yeah, I mean for hot shot investors like yourself, gold will get you rich quick. But for the average man looking to get a higher long term return on savings, this gold / silver shit is just the next bubble. Buying in is only half the job. Knowing when to sell is the tough part. I guess you and goldman sachs will probably have it guaged right.
Best o luck dreamer
ANTIDALLARD 2 years ago
@ANTIDALLARD Nob Jockey, its not about getting rich, it is abour preserving what money you have. Gold is going to $4000 an ounce. If you keep your money in dollars you will lose money as inflation will kick in due to the gov bailouts. No more free advice. If you want to keep whatever money you have in dollars then good luck to you.
theguvnorjimmy 2 years ago 3
Well, my money is in Euros, , And some people say that Europe is in deeper shit than America, and if the euro falls apart people might run to the Dollar. And you and your buddies in the world of high finance will have moved on to the next bubble, leaving the man on the street scratching his head, wondering what the fuck happened. ...Like...They said ya cant go wrong with silver and gold....
I recomend a good tip on the horses.
ANTIDALLARD 2 years ago
@ANTIDALLARD We will see. I was telling everyone to put their money in gold when gold was 600 bucks an ounce. They wouldnt be doing to badly. Gold hasnt even taken off yet. Euros are good too.
theguvnorjimmy 2 years ago
Put a few pretty euro's aside to start a nice coin collection some day.
Good luck. You will probably do OK, at least you have done some planning and taken action.
tesskansas 1 year ago
Thanks. My currency is in terrible shape (British pound). All paper currencies are in trouble. It is still a great buying time for gold and silver. I want to see as many people as possible get their money out of paper as rising prices will really hurt. Interest rates are nothing and cost of living is going up. I hope people look after themselves. Good luck.
theguvnorjimmy 1 year ago
i am afraid your currency and the euro may be in a race to zero, gold and silver are a very good idea. unfortunately my US dollars are not far behind. Maybe we should all switch to the australian dollar they are doing quite well :)
dontdispie 1 year ago
Yes you're right. I also like the Swiss Franc. The US dollar and GBP are being propperd up artificially before it collapses. I have put a large amount in gold and silver. I have stored my gold bars. You can't go wrong with gold right now.
theguvnorjimmy 1 year ago
why has is not already started to fly up in value with all hte new govt. demands of betting funds for stimulus
btaylor9661 2 years ago
@antidallard mints always advertise on tv to sell collector coins.
partyhouse88 2 years ago
then please give all of your worthless green pieces of paper to charity, and stfu
JuanVoyce 2 years ago