In reality is does seem to be a self reinforcing bubble where the value of the currencies and a lack of confidence are just two of many drivers of the bubble's self reinforcing process.
Interesting, However there is, surprisingly, a very low correlation between inflation and gold prices. So if gold and inflation have such a low correlation, how can the gold price be simply be related to the devaluation of currencies? It seems to me that the entire cost of gold cannot be accounted for simply by the value of the dollar or other currencies.
For the retarded out there who still don't believe in Global Government being set up right in front of you and our economy was purposefully imploded, the concept is very simple. These Banksters take the money and steal it- buy things up with it while it still has value before they purposefully inflate the value of the dollar so by the time it gets to we the people, the dollar is worth absolute shit. WAKE UP PEOPLE WAKE THE FUCK UP, IM SICK OF IGNORANT PEOPLE ***CHOOSING*** TO BE IGNORANT!
Gold is a bubble. Just because the Fed is printing money does not mean it is getting to the consumer and to businesses. Housing has another 50% to fall, and stocks 60%. When we finally unwind all this leverage, then inflation will kick in. Not until then. Look for Gold to cave.
I see.. .so they are printing it and stuffing it in a back room at Fort Knox or something... (big room I guess). The point of printing it is to get it into the hands of businesses to provide continuing credit liquidity and for 'shovel ready jobs' and the like, otherwise there is no economic impact. Inflation is a delayed effect since the extra liquidity has to get spread around enough for demand side constraints to lessen sufficiently. This will happen. How to pull it back without stalling..
You ever hear of the velocity of money. Even though they are printing it up, it is not circulating. Banks say they are looking for "qualified" borrowers, but the definition of that word is vastly different then it was 2 years ago. Gold won't sink as bad as stocks, but don't look for gold to hit 3k in the immediate future.
Don't look for gold to hit 3k in the immediate future? You were just saying gold is in a bubble and look for it to cave. Do you believe your opionins about gold? or are you just trolling?
Right, but the U.S. has destroyed itself economically b/c of irresponsible fucks like yourself. The U.S. is only a power today b/c it borrows money from other countries.
Multi, That's why Americans are hated around the world. Because fuck-nutts like you are exactly what they think of when they think of Americans. Basically what you are saying is you'd even steal their Gold. Way to go fuck-nutt. Exactly what I want the rest of the world to see. Another ignorant fuck-nutt American hillbilly with a flag, a gun and a wife-beater T-shirt. Fucking retard. Go back to fucking your sister and lay down the nuke talk, asshole.
But stating that "we" have gold as a republic is false. Gold was gradually taken out of circulation since the end of bretton woods, and is in VERY private hands. The fact we have stockpile of arms in my opnion is to protect the welfare state that props up ghost banks and fights wars it cant afford to be in. Call it what you want, even the american dollar can't sustin the pressure its been under for the past 10 years, and converting them into something tanigible is not to far fetched of an idea.
i bought gold in late september, and its nuts to see how it's growing.shiff is right and roubini is full of shit like the rest of them. the rapid rise in gold represents a dollar bubble, and the main fundemental that's driving gold is the interventionist policies our country has adopted in the last year and a half. Socializing losses leads to bad things.....
Both Pete Schiff and Ron Paul both need to Abandon the Republican Party and start their own Centrist Moderate Party, they both have Great Ideas but belong to the wrong party..
This same Republican Party which Schiff & Paul belongs to, wrote and passed laws in 2002 to allow US Companies to Offshore YOUR Middle Class American Jobs to COMMUNISTS and this Republican Party are the Architects to the Economic Mess were in today.. I can never vote Republican..
just so you know...the only reason Dr. Ron Paul ran as a republican was so he could even get his name and message out there....if he ran as an Independant he wouldnt even have had a chance. everyone knows that if you arent republican or democrat than you dont have a shot in an election. not saying you are trying to put him down I just dont want it to come across that way. Dr. Paul is a hero and I will support his HR1207 and the Campaign For Liberty till the New World Order kills me.
This economic abyss is Republican Bush's Fault and for Ron Paul and Peter Schiff to swear their political alliance to this Anti-American Beast named the Republican Party don't make smart political sense. Both Schiff and Paul communicate big problems with the Fed and Inflation, but if Mr Schiff runs as a Republican I'm afraid that he'll loose to Democrat Chris Dodd, now if he ran as a Independent like Joe Lieberman there might be a chance.
centrist moderate? centrist moderatism is what got us into this mess. i agree, the republican party is a complete scam but to go centrist to be the same thing with a different name.
paul and schiff need to stick to their classical liberal guns and screw what people label them.
Americans are getting lazy and not researching who is running anymore. They vote on party alone, whoever the media chooses to throw in their face. Good example, Perot was excluded form the 96 debates because the government brainwashed the public into thinking they would "throw away their vote" by allowing him in the debates. Search "perot's exclusion" on You Tube.
People are treating gold as if it were a magic investment--a perfect antidote to all that ails us. I don't know what's going to happen any more than anyone else, but it is this form of thinking--magic thinking--I've observed prior to other bubbles, which troubles me.
Think this through. Imagine all of our financial systems going so hay wire we are only able to make transact using hard currency, gold or "gold-backed". We are will be so royally screwed having gold will hardly compensate.
"Imagine all of our financial systems going so hay wire we are only able to make transact using hard currency, gold or "gold-backed". We are will be so royally screwed having gold will hardly compensate."
It will definitely compensate. Gold is an effective safe haven. The people who owned gold would not be screwed at all. They could just buy British or Australian notes and live elsewhere.
Actually, no. It really is that simple. Currencies are traded on the market everyday. Immigrating into another western country from the U.S. may be a pain in the ass but is definitely very feasible. Assuming you have a degree, some work experience, and speak the language, I see no reason why you wouldn't be able to get a job after moving there.
I don't see where these "problems" are. Do you think you're physically unable to leave your present geographical location, or unable to trade currencies on the market? What?
As you envision a set of circumstances which will make relocation to another country necessary, you foresee a set of CATASTROPHIC circumstances.
All I can do is ask you to try to work into your thinking some of the complications which are going to accompany and be a part of this CATASTROPHIC scenario you foresee, and to just what extent the investment in gold is going to see you through.
The timing is off on the collapse for a simple reason. No one could have predicted that the Fed would destroy the value of the entire worlds fiat currencies through massive carry trade.
It seems the Fed and cohorts are doing an Adolf Hitler scorched earth policy as a remedy.
The consequences will be massive and severe but spread across the world. Here in Australia there is a boom as we race to fill export orders placed in US dollars from creditor nations getting rid of theirs.
Look up an article that President Obama has spent more money on his first term. Than any other president. He is going to send America's economy on a suicide mission.
I just ordered silver for the first time. Will plan to give silver coins to my family members. I don't think food could be exchanged for a playstation game as easy as gold or silver.
Continue to hammer common sense! Heads can stay buried only so long in the sand (as you nobly decry the perils thereof). I like to believe that those with sense now "get it," and that the Great Unwashed increasingly recognize the blatant truths (& untruths) you point out.
Our best hope to avert the economic disaster current policymakers are speeding toward lies in the public's admitting 1.The building is on fire; 2.Embrace your leadership. Just as the tide is finally turning toward Rep. Paul!
The collapse is still building up. No one could have dreamed up the massive money printing the Fed is undertaking to avert the inevitable. Right now the carry trade of US dollars is infecting and devaluing every fiat currency on earth. In real terms even the Aussie dollar has lost 40% of its purchasing power in terms of Gold in 12 months. People just dont get it, everyone is going to pay thru hyperinflation and poverty.
lol, what a tool you are monkey-man. If you call a guy that get's a lot of things right but misses on some timing issues (if he indeed did, but I've only heard him say he couldn't tell exactly when) "Dead Wrong", what exactly do you call a thousand people that were paid to see it, but miss it completely?
I think you've got a hard-on for Peter and any-ole excuse will do. What a loser. Go away, fool. Wait, better yet, man up, I want to hear your predictions, big boy.
There are some people money can't buy. For everyone else, there's the Federal Reserve. (Accepted anywhere people still believe paper money has value.)
55% of voters are women in America and most of them have no interest in economics, they are more interested in the household, daycare, looking after the elderly, healthcare and those sort of issues.
Kenysian economics seems as flawed as communism, great on paper and works for a certain period of time but is destined to collapse
Women have a predilection towards socialism. They are not independent the way men are and always think they need someone to take care of them.
Think about it, when did all these socialist programs start? Right after women got the vote! Women struggled for years to get the vote, and the second they did, they shot their hardworking husbands in the back!
Good point. Going back to the days where a household only needed the man to work to keep a good standard of living was far better, devorce was far lower before women worked as much as men. Houses have been kept at radiculously high prices
Seano71, what a ridiculous statement. Look up how many businesses are now owned by women in this country. It is that kind of thinking that has set this country back decades.
look I know you like to do what you like to do with economics, but its time to start focusing on your senate campaign. Talk about some issues like abortion, national defense, etc... other than gold prices. Your polling at 5%, but you have the funds to do much better-use them!
Roubini is a Keynesian proponent. He supported the Feds buying up selected big banks and the stimulous program. Keynesians see everything as bubbles and bust.
when are interests rates going to rise due to this inflation...when is the market..and the chinese going to demand higher rates due to the devaluation of the currency? when? thats my question
Experts are in charge and this is what we have to show for it. When the masses agree on consensus it's always at the exclusion of reasoning. Consensus is an excuse to believe in something, not a reason to believe. That is the peril of consensus it does'nt have to be based on truth but on belief that it's must be true because so many people belive it. False.
Not to mention JP Morgan Chase CEO Jamie Dimon who is a New York FED Board of Directors member. JP Morgan: $25 Billion Tarp I + $30 Billion FED LOAN + $4.22 Billion Maiden Lane = $59.22 Billion Dollars. + $300 Billion worth of assets of Washington mutual for only $1.9 billion. FUCK. And Jamie Dimon lies of out of his nose and the muppets in the media are fucking blind.
For those of you in here who still consider my commentary the work of a conspiracy theorist please do yourself a favor and watch a documentary on YouTube called THE MONEY MASTERS. Its the alternate history of the creation of the Federal Reserve system in America and our long held opposition to central banks. Id like Peter to watch it also and comment at some point if possible. I know youre busy Pete but I would drop alot of my reservations about you if we had communication.
I feel the disconnect/divergence between the fall of the US Dollar and rising US Stock Markets is about to widen if not fail to correlate altogether in future. Wow!... do our markets and our society need some reality! JOBS JOBS JOBS....sums it up
... The economics of the insurance and medicare business are simple. How do you deal with the social issue of sick being punished not just health-wise, but financially as well? Or you simply say "well, too bad, should have stayed healthy, better you than me"?
MyLoser - I am confused by your comments. Are you saying all sick cases are catastrophic? Why are you punished if you get sick? Is it unfair to draw on savings? Is there anyone anywhere who is arguing that "you should have stayed healthy"... Please clarify. Thank you.
I wanted to get your opinion on the economics of the US medical care system. I'd really appreciate if you could provide your view on it.
Currently, the US insurance/medicare system represents a triple-whammy punishment. If you are healthy and rich, everything is cool and shiny. Once you get sick, however, you are screwed three ways - you lose your job, you get medical bills (partially covered by insurance), and you get higher premium once you recover....
America has no competitive advantage in manufacturing.Therefore there is no sustainable economy.Gold is a run to the hills play with no value except a quick trade therefore its a bubble.
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air; they mix TIN in your SILVER; the FEDERAL RESERVE debases your currency; they CHEAT; they STEAL your wealth;they hurt the poor.They think we are not SMART enough to know what they are doing but the BIBLE explains what they do.
The Federal Reserve is an evil slavemaker & Americans are its slaves.
thought Nov 20th was gonna be the crash day,. like it was last year,. but we still have time,. Xmas sales will be lousy,. We're in the "twilight zone" of economics right now,.Was at Wal-mart today,. Used to buy tissues for 1.12,. 1.50 now,. Water,.49 cents,. now 78 cents a gallon,.Stock up on your necessities like TP or get used to using leaves to wipe your ass
The dollar is destined to crash. Our wonderful politicians are in the bag of the Rockfeller who set this thing in motion years ago. Did some research and found an eye-opening fact about David (depopulation) Rockefeller. He did his masters thesis on Fabian Socialism which promoted change, not through revolution but through incremental change as we've been witnessing through the years. The only thing we can hope for is to pick up the pieces after the damage is done.
Well said sir. Check out video here on YouTube called The Money Masters. Speaks very loudly on the Rockefeller and Rothschild connection with the Intl Banking Cartels.
This guy sounds like hes getting his information from those slanted economics books I read in college. Keynesian economics is taught in school because it advocates the existence of a central bank and government spending as a legitimate free market enterprise. Might I suggest sir you look up Austrian economics?? If Ludwig von Mises were alive today he would be running for King of the World!!! No govt spending, no central banks!!!
The only thing I don't really get, is why gold is neccessarily, "real money". If people percieve gold to be worthless, or worth less, that's what it's worth. It's all about perception isn't it. I understand why the confidence of the dollar is low if the fed is just printing trillions. Why can't gold be a bubble to though? I think Peter Schiff might have a bias in saying this because of his view about gold. He might be right about gold, I really don't know. Why now Silver though.
Silver is heavily undervalued, way off its historical price peg to gold. Typically, its at a 15:1 ratio. Divide price of gold by 15 and thats what silver should be. Metals, historically, have served as a haven in times of crisis. I think this qualifies as one and its not just America running a paper ponzi, the entire planet prints money, hands it out to its people, and then exchanges them for real goods. We're going back to the economies of the 1800's. Gold was King then!!
How do we know we are going back to that neccessarily though? I mean, I think that would be great for me personally.
Theres so many variables that come into play though, to me, it seems just as speculative as the Obama administrations projections for what the future holds for the economy.
For several reasons: A) The OIL IS RUNNING OUT!! B) War C) Weather change D) Disease E) Because we, humans, have printed so much paper currency, all of them drawing on resources that we have depleted the earth. Seriously!!! YouTube PEAK OIL. Great documentary here on the depletion of resources due to money expansion by Dr. Chris Martenson called Peak OIl. America, and to a lesser extent the world, is dependent on cheap energy. Absent this and we have massive recession.
What you say makes all the sense in the world to me. I'll have to check that out. I'm person who's looking for the truth, I'm trying to figure it out, I can't say the economy is something my mind has completely grasped yet. All the forces that effect it and such.
Same here my friend, ive been researching for some time now and have gained some understanding. I seem to have gotten it right though. If youd like please subscribe or add me as friend.
What I really respect is results. Promises and predictions are a dime a dozen. Peter Shciff WAS right about the bubble last time. That's why I listen to him. I agree with almost everything he says except for healthcare, which I've done a lot of my own research on. Frontline had a good show about that subject. Even when I say stuff like that I get called a kooliad drinking liiiberal! or whatever.. When I see tangible results, that's when I'll call somebody right. Peter Shciff was.
Castillom1 - I too, with Wolffanator, would do well if Gold once again becomes King. My concern, though, is "what if it's different this time?" ;-) By that I mean, what if the "powers that be" in the world are able to create a single world monopolistic economic & political system where a single fiat currency is enforced by world law and possession of gold is made illegal? Maybe that's not possible, I dunno. For anyone who believes the bible, though, as I do, it seems that this is a possibility.
What do you mean "if"??? People call me a conspiracy theorist because we've seen what the plans are, have been warning of their actions and are now seeing them come to fruition. A one world govt/currency is exactly whats coming. SDR's issued by the IMF are new world currency. Check out this documentary here in YouTube called The Money Masters. Theyve been warning since 1997 of the coming collapse!! Seriously!! We knew well ahead of time this was coming. Now im telling you metals are best.
People subscribe to Peter Schiff because he accurately predicted the coming crash in the markets....but hes not the only one. Peter is leaving out alot of information, especially that which concerns the Intl Banking Cartels. Alot of whom happen to be Jewish like he. Hes also leaving out peak oil, weather change and on and on. What im saying is metals are a great investment but I will be keeping an eye on Obama and if he decides to criminalize their ownership I will sell and jump into others.
Thanks for your reply, Castillom. I am aware of the IMF's SDRs. In a recent interview, Soros has recommended their use as a "good" step towards the NWO. I'm not sure there will be warning enough to get out of gold before the price collapses; especially if it's criminalized globally. I wonder what the price of gold did when FDR's "confiscation" was made public?
No there may not be enough warning but look around at the alternatives to investing in metals. The heavily manipulated stock markets?? Bernie Madoff will not be the only person discovered to have run a ponzi scheme, I guarantee it. Metals are currently on their bull run and make a great investment. If youre having reservations on investing in metals due to the actions of the power then might I recommend you purchase and hold out of the country?? Schiff speaks of this often...
And on FDR's actions...Im not sure what happened after the announcement and criminalization but I do know that once the nations gold reserves were confiscated, the price doubled overnight!! Also remember that back then we were on a gold standard, owning cash was as good as gold.
Right... which means the dollar essentially halved over night. I must agree with you about metals as an investment at this point... and I am adding as I can. Some I hold in my hands, some I hold at Perth, as Schiff recommends. Unfortunately, our gov't requires that we report the gold we hold overseas at the Perth, so I'm afraid they'll demand my certificate when the time comes. :(
Also, if the price of gold shot up from $20 to $35 does that really mean the dollar halved??? Or does it simply mean gold rose?? I dont think the price of all commodities jumped to the same amounts percentage wise as gold so the dollar must have been fairly steady. I dont remember hearing about having a currency crises in the 40's.
@CASTILLOM1 You have to think of money as just another good to be bought and sold. You sell your dollars to a retailer for goods, and you sell your labor to get more dollars. Think of it in terms of this, then why does the Fed have the right to counterfiet the same thing you have to earn? Prices rising is jusst the dollar falling
Actually, if they fixed the price of gold at $40 (rather than $35), then that would more accurately be 1/2. I meant the $ halved with respect to gold, not necessarily with respect to other commodities or currencies (unless the other currencies were gold backed) although that's a good question -- it's hard to imagine such an abrupt change not impacting the $ price of other commodities. In any event, before the change foreigners could buy gold from us at $20/oz, afterwards it cost them $35.
Are you certain the price was fixed to gold?? Are you sure it didnt float "freely" with the price of gold?? I honestly dont know this information but its making my head spin. Now I need to know. Does anyone in here know what happened between the dollar and gold in the 30's and 40's?? How did the dollar perform against other currencies?? What about the price of commodities?? Silver?? Energy??
Ok im sorry, what I should have said was that Peter is of Hebrew lineage. I only mention this because of the actions of several Hebrews in power now. The Geithners, Bernankes, Paulsons, Greenspans, Rubins, Summers and on and on are causing this collapse....I only wonder if Peters non-criticism of the power has anything to do with this connection.
Yeah... I must admit... physical Jews (those of Hebrew lineage) are absolutely disproportionately represented amongst the "bad guys". But again, they are also disproportionately represented among good guys too - those who have contributed greatly to science, arts, knowledge, etc. - It's almost like Yahweh created them as a visible manifestation of what it means to be "blessed" -- but also what it means to be "cursed".
I agree. Like I said, this is not an indictment on all Hebrews, I only wonder which Mr. Schiff falls under. He doesnt seem to ever mention his evil brethren in the grand scheme of things or their connection to the Intl Banking Cartels which they absolutely control.
Yea... the penalties are pretty stiff for non-reporting (50% of holdings, or $100k), but I hear you. Google "TD F 90-22.1" for info... it's not even part of title 24 tax code, so it has even fewer privacy guards.
I understand that gold was at $20/oz before FDR's grab, then went immediately to $35, when it stayed until Nixon took us off the standard in the early 70's. So the $ devalued immediately against gold.
I don't think Peter's being Jewish is relevant. I don't know if you believe in Scripture, but being "Jewish" is not the litmus test (there are good and bad Jews, just as there are good and bad goyim: "he is not a Jew, which is one outwardly" (Jew means "Yah praiser") "but he is a Jew which is one inwardly" (Rom 2:28) Yeshua was a Jew. Paul was a Jew. Of course, there are those who say they are Jews but are not, they are a "synagogue of satan". Rev 2:9
No I do not believe in scripture, the bible says many things that we dont understand only pretend like we do. The fundamental problem with the bible is that it was written in Aramaic and translated by a group of priests at some point. Do you speak another language? Ever try telling a joke in spanish to english?? It doesnt work, gets lost in translation. So does the meaning of the metaphors written in Aramaic, translated to Latin then English and on...
I absolutely understand the language issue that you speak of, and agree. Therefore I'm pretty far into the process of learning the original Hebrew (Old Testament), including idiomatic issues. The NT is more problematic. I haven't studied Greek. There's good evidence that the orig. lang. for the NT is either Aramaic or Hebrew. Aramaic is close to Hebrew so I figure I get the most bang for my buck studying Hebrew
... traditional christianity has many problems that I believe must be stripped away... but I do believe that it's not an insurmountable problem. One just has to learn the idioms (the info's there) and be willing to step away from milleniums of built up traditions. Plus, one must start with the Torah of the OT as a foundation, before one can even begin to understand the NT. I hope I haven't said too much ont he subject :)
No of course not, I am enjoying this conversation immensely and your information on the price of gold during FDR'S tenure as puppet is great. I always love it when I meet someone with more knowledge on the subject than I. I dont think this is very appropriate for Peter Schiffs channel though as im sure he reads these posts and is wondering what the hell we're talking about lol. I would still like to know more information about yourself. How do you know so much?? What profession?? Why scripture??
I don't know that much, but I am trying to learn as much as I can about finances, NWO stuff, as well as Scripture... (Not necessarily that order). I'm a software engineer, unemployed at the moment, so I have the time. I think this info may make the difference between life and death (physical & spiritual) for many of us with what's coming. Frankly, I'm afraid getting back into the "grind" of work will put me back to sleep, so to speak, as far as being able to pay attention to what's going on.
My friend, it wasn't until I had free time due to slow downs at work that I got hip to many-a-things myself. Do yourself a great favor and get your hands on "The Creature from Jekyll Island" by G. Edward Griffin.
jawneblaize, thanks for the tip. There's a 12 part video I've favorited with this title... I'll view it when I get some time. Probably not until after Thanksgiving.
You seem to be very knowledgeable on the field of economics and finance Clowns. You wouldnt possibly happen to be Peter Schiff disguised as another user would you?? I mean, ive seen alot of commentary on this page from users like yourself with very little member info. Might I ask for you to divulge some information about yourself??
Wow. That's a nice compliment. Thanks! I've been following Schiff for a little over a year now and like his views a lot. Actually, I could wish he was more of a pessimist about human nature - I certainly don't think he's part of the NWO conspiracy... but he seems naive when he gives our leaders the benefit of the doubt by calling them "clueless" or "stupid"... some may be clueless, others extremely selfish, but some know what they're doing and are breaking us intentionally.
Well said sir, couldnt agree more. The issue I have with Schiff is his non-disclosure of this information. Also, im not sure if you know it but there was a Schiff family originally involved in the formation of the Federal Reserve here in America. Im not certain that Peter doesnt descend from them. After all ive seen, im just a little weary about trusting Hebrews with alot of inside knowledge who dont bash the real power and is running for office. Seems very suspicious.
... continued .. I have most of my assets invested through Europacific and have done well, but I'm not sure about his "dislocation" theory. If he was more aware of the NWO forces, he may be able to suggest better safe havens. Sorry for the lack of user info, I haven't started posting much on YouTube until recentlyl... and haven't bothered putting much info up. Thanks again for the compliment :)
Again, the issue I have with Peter is headlined here. Are you certain he doesnt know about the NWO already and is secretly what bonehead Alex Jones refers to as "controlled opposition"?? How is it possible that Peter who is running for the senate doesnt know of this secret power?? Why is he the only one allowed to criticize the power and their actions on their biggest most powerful weapon the Mainstream Media?? Seems very very suspicious.
I've thought a little about what you're saying wrt "controlled opposition". I guess I can't know for sure that he's not, but I've listened to him for hours, and also read his books. I've spoken with him a few times. I really think he's an honest guy doing what he believes in. Are you aware that his dad is in prison for a principled stand against income taxes? I believe, though, he might get himself in serious trouble if he gains the senate seat and I'm right about his character.
The End the Fed rallies should become "Boot out the Puppets" rallies and we should stop contributing to the system that is enslaving us. Peter speaks as if there is a political solution to this problem when there is not. The time for political action has long passed Pete, now is the time for America to grow a pair and show the world who is in charge.
The problem with your line of thinking sir is that you would entrust the control of money circulation to the evil entity that created this mess. If the power to control/issue currency were replaced to those originally intended by the constitution then we would have alot more transparency in the system. Mistakes would be headlined, not buried, and we would have a system of accountability. Those politicians that made mistakes could be held accountable. Right now, there is no such accountability
I do think youre right though on your statements regarding trusting politicians to control our money supply. But...THE FED MUST GO!!! The members of the Fed Res Board should take a nice, long stroll off Santa Monica pier and continue walking when they hit the seafloor. They can also take their asshole puppet politicians with them. We as Americans have to stop relying on the Peter Schiffs of the world and start acting. I recommend looking up your local Congressmen and asking them to resign NOW!!
Hey folks, I really think the time has come for we as Americans to ask our local U.S. Congressmen to kindly resign. This will send a loud message to all of America and their "leaders".
I think sir you ignore the power of the international banking cartels. Congress is loaded with puppet politicians long ago bought and paid for by the billionaire bankers. The Fed is the enemy. If youre reading this Peter understand that I will not be happy with anything other than the abolishment of the Fed and that all members of the U.S. Congress resign immediately. And I mean all of them!!!
Peter wants an independent Fed? wtf. Money should be created by the government only, backed by gold and silver, and via politicians we ELECT and can HOLD ACCOUNTABLE.
I have been following Schiff for a couple of years now and this statement caught my attention. I don't know if Peter now all of the sudden is for a central bank (I hope not) or if the context of that statement was made with the assumption that the FED isn't going away any time soon.
Regardless, I need to hear him speak directly to this statement. Hopefully it's just Lost in Translation.
Peter's position from all the speeches regarding the fed has always been ULTIMATELY he wants to get rid of them. But he doesn't want to do it in a way that something else would come and take their place which would put us back to square one again. Basically they should be returned to their original charter then eased off and replaced with nothing.
He thinks that if the FED is abolished under a democrat controlled congress, it will be replaced with something worse, such as CONGRESSIONAL control of the money supply! EEK!
It would be much easier to regulate and tighten the reins on the FED if we are to make any progress in the short term.
He is against a central bank, make no mistake. A devoted student of Mises and Hayek would have to be.
Good point. It starts with a true audit of the secret dealings of the FED bailing out FDIC banks, and more importantly international bank transactions and deals.
I agree Congress is not ready to take back all the power, as it seems they have delegated out everything but getting elected.
Maybe if we can get some transparency people will see the importance of sound money and elect people like Schiff to local, state, and federal offices.
The problem I see is that when the dollar crashes, all other currencies will follow and then when there are no more papaer currencies, the powers that be will turn to electronic purchases only that would have to be implanted under your skin for security. Thus completing the prophesy of Revalation. This is much bigger than a conspiracy my friends.
Not necessarily. When the dollar does fall apart they will replace it with another. Probably SDR's issued by the IMF. The big plan here I think, is to get this One World Currency/Government up and running by purposefully destroying the current system and calling it a collapse.
@CAST I think your conspiracy theory is far fetched because it involves too much risk and unknowns, too many people have to be involved that are long dead. If these people had so much power, why upset the apple cart?
Hahahaha, have you not learned yet sir??? When you criticize the Jews you make alot of enemies on YouTube. My account is routinely hacked and comments removed or not allowed to post.
the story is both the US and China governments are printing money. The Gold is well bid due to this. The other central banks will no longer add to currency reserves. Yet in 2010 America will have a trade deficit. As We export the paper currency, the foreigners will convert it to stuff asap.
the chinese and indians bazillians etc are younger..they will watch the coming stagflation of the sunset economies in the west and buy gold..there is not much gold relative the the huge amount of humans..and it takes work to mine it ..and the easy gold like the easy oil ..has been allready found
Very true, that sly sneaky son of a....he knows he has the power and those "politicians" that are "grilling" him on the actions of the Treasury have no power to stop him. I would laugh too if I were a member of the dramatic play called Congress.
the only ones who seem to know what's going and want to stop it are the Texans. Over here in Ireland I'm keeping an eye on what is happening in the US, because its where the main global events are happening. Why would the NWO kill off America when they could still use them to fight further wars to take over other nations? Perhaps, the EU will take its place. Who knows
To those of you in here that consider what im saying the work of a conspiracy theorist please do yourself, and your family/friends a favor, watch a documentary warning of this disaster. THE MONEY MASTERS. Here on YouTube. It warns of the secret plans by the banking cartel in 1997!! Ive been following the disaster for many years and nothing that has happened has surprised us. On the contrary, we've been able to profit from handsomely from these actions. The real estate bubble and now metals.
I only wonder why Peter doesnt even remotely mention the cartels in his video. Why doesnt he speak of the secret power behind the scenes?? Not even a mention. Peter if youre reading this understand that I am a fan of your work. You on the other hand I will watch very closely my friend. I have simply seen way too much to throw my unconditional trust behind a person with so much inside information that is about to be (s)elected to office.
i can tell there is no cohesive understanding of economics or the several economic theories, so far every posted is an opinion. its no conspiracy that this has and is a manage economy, and because its manage we see such behavior.
The dismal science could be made more transparent if the Federal Reserve was abolished. We could understand supply and demand without the inflation guise.
In reality is does seem to be a self reinforcing bubble where the value of the currencies and a lack of confidence are just two of many drivers of the bubble's self reinforcing process.
Benjefwil 5 months ago
Interesting, However there is, surprisingly, a very low correlation between inflation and gold prices. So if gold and inflation have such a low correlation, how can the gold price be simply be related to the devaluation of currencies? It seems to me that the entire cost of gold cannot be accounted for simply by the value of the dollar or other currencies.
Benjefwil 5 months ago
schiff looks like hes part of the illuminati bloodline
bluefly28 7 months ago
Very informative video. This is perfect for people who are planning to take a venture in real estate industry.
spectrum2000now 11 months ago
Looking for feedback on my anti democrat video.check out my page
repubtx 1 year ago
For the retarded out there who still don't believe in Global Government being set up right in front of you and our economy was purposefully imploded, the concept is very simple. These Banksters take the money and steal it- buy things up with it while it still has value before they purposefully inflate the value of the dollar so by the time it gets to we the people, the dollar is worth absolute shit. WAKE UP PEOPLE WAKE THE FUCK UP, IM SICK OF IGNORANT PEOPLE ***CHOOSING*** TO BE IGNORANT!
illmagnified 2 years ago
Gold is a bubble. Just because the Fed is printing money does not mean it is getting to the consumer and to businesses. Housing has another 50% to fall, and stocks 60%. When we finally unwind all this leverage, then inflation will kick in. Not until then. Look for Gold to cave.
puffdippy 2 years ago
I see.. .so they are printing it and stuffing it in a back room at Fort Knox or something... (big room I guess). The point of printing it is to get it into the hands of businesses to provide continuing credit liquidity and for 'shovel ready jobs' and the like, otherwise there is no economic impact. Inflation is a delayed effect since the extra liquidity has to get spread around enough for demand side constraints to lessen sufficiently. This will happen. How to pull it back without stalling..
sbuttgereit 2 years ago
You ever hear of the velocity of money. Even though they are printing it up, it is not circulating. Banks say they are looking for "qualified" borrowers, but the definition of that word is vastly different then it was 2 years ago. Gold won't sink as bad as stocks, but don't look for gold to hit 3k in the immediate future.
puffdippy 2 years ago
Don't look for gold to hit 3k in the immediate future? You were just saying gold is in a bubble and look for it to cave. Do you believe your opionins about gold? or are you just trolling?
7Hook 2 years ago
jews?
no, american and british people need to be removed from powerful positions. not jews.
stealthpakfa 2 years ago
Who is going to replace them?
TheTopBloke 2 years ago
chinese, indian, australian, african.
anyone but american and british.
stealthpakfa 2 years ago
Right, but the U.S. has destroyed itself economically b/c of irresponsible fucks like yourself. The U.S. is only a power today b/c it borrows money from other countries.
poolshark73185 2 years ago
Multi, That's why Americans are hated around the world. Because fuck-nutts like you are exactly what they think of when they think of Americans. Basically what you are saying is you'd even steal their Gold. Way to go fuck-nutt. Exactly what I want the rest of the world to see. Another ignorant fuck-nutt American hillbilly with a flag, a gun and a wife-beater T-shirt. Fucking retard. Go back to fucking your sister and lay down the nuke talk, asshole.
mcdonaldscalling 2 years ago
Sending Lockerz invites!!! Message me.
ThisIsMrFlood 2 years ago
But stating that "we" have gold as a republic is false. Gold was gradually taken out of circulation since the end of bretton woods, and is in VERY private hands. The fact we have stockpile of arms in my opnion is to protect the welfare state that props up ghost banks and fights wars it cant afford to be in. Call it what you want, even the american dollar can't sustin the pressure its been under for the past 10 years, and converting them into something tanigible is not to far fetched of an idea.
amotisi8859 2 years ago
Gold can be overpriced or under priced, but it will always be far better than paper. Name one fiat currency that's lasted for more than 100 years.
amotisi8859 2 years ago
Hey I agree with you all the way, that's why we need a new Party to shake up Washington Politics. Fiscally Conservative/Socially Moderate-Liberal.
bloggerfl5486 2 years ago
weak? maybe when it comes to morality.
naive? hardly. the republicans know exactly what the hell they're doing. the same thing the dems do but with a different act.
MeAgainstMarx 2 years ago
i bought gold in late september, and its nuts to see how it's growing.shiff is right and roubini is full of shit like the rest of them. the rapid rise in gold represents a dollar bubble, and the main fundemental that's driving gold is the interventionist policies our country has adopted in the last year and a half. Socializing losses leads to bad things.....
amotisi8859 2 years ago
I saw this guy get punched in the kidneys.
XXXDukeManteeXXX 2 years ago
First he says the high goldprice is caused by inflation.
Then he says the high goldprice is a vote of no-confidence (thus being a bubble)
I guess it's a combination of both, but the way he puts it, it sounds like a contradiction
Stroomschok 2 years ago
printed money? who the hell uses paper money anymore? debit card, debit card, debit card everywhere I go.
digitaldown 2 years ago
these crooks.....
doing what ever they freaking want...
no respect ...
chena3 2 years ago
Both Pete Schiff and Ron Paul both need to Abandon the Republican Party and start their own Centrist Moderate Party, they both have Great Ideas but belong to the wrong party..
This same Republican Party which Schiff & Paul belongs to, wrote and passed laws in 2002 to allow US Companies to Offshore YOUR Middle Class American Jobs to COMMUNISTS and this Republican Party are the Architects to the Economic Mess were in today.. I can never vote Republican..
bloggerfl5486 2 years ago
just so you know...the only reason Dr. Ron Paul ran as a republican was so he could even get his name and message out there....if he ran as an Independant he wouldnt even have had a chance. everyone knows that if you arent republican or democrat than you dont have a shot in an election. not saying you are trying to put him down I just dont want it to come across that way. Dr. Paul is a hero and I will support his HR1207 and the Campaign For Liberty till the New World Order kills me.
420in607 2 years ago
Comment removed
bloggerfl5486 2 years ago
This economic abyss is Republican Bush's Fault and for Ron Paul and Peter Schiff to swear their political alliance to this Anti-American Beast named the Republican Party don't make smart political sense. Both Schiff and Paul communicate big problems with the Fed and Inflation, but if Mr Schiff runs as a Republican I'm afraid that he'll loose to Democrat Chris Dodd, now if he ran as a Independent like Joe Lieberman there might be a chance.
bloggerfl5486 2 years ago
centrist moderate? centrist moderatism is what got us into this mess. i agree, the republican party is a complete scam but to go centrist to be the same thing with a different name.
paul and schiff need to stick to their classical liberal guns and screw what people label them.
MeAgainstMarx 2 years ago
Americans are getting lazy and not researching who is running anymore. They vote on party alone, whoever the media chooses to throw in their face. Good example, Perot was excluded form the 96 debates because the government brainwashed the public into thinking they would "throw away their vote" by allowing him in the debates. Search "perot's exclusion" on You Tube.
LuvDestinFL1 2 years ago 3
LuvFdestinFL1: Good comment and I agree with you..
bloggerfl5486 2 years ago 2
To accept this free gift of salvation and the BEST investment. watch?v=kaIidqTqtjM
2009ForJesus 2 years ago
Peter, M3 is DECLINING.
The money supply is contracting right now.
Roubini is right about the dollar carry trade.
The expectation is that the dollar will decline so speculators are borrowing dollars and investing in other assets.
The bubbles are forming - particularly in Asia.
Don't invest in Asia right now - it's a bubble that's going to burst as soon as the Fed raises rates in 2010.
averageworkinggal 2 years ago
See the information about fluoride at
FluorideACTION . net
Mercola . com
hotwaterish 2 years ago
People are treating gold as if it were a magic investment--a perfect antidote to all that ails us. I don't know what's going to happen any more than anyone else, but it is this form of thinking--magic thinking--I've observed prior to other bubbles, which troubles me.
Think this through. Imagine all of our financial systems going so hay wire we are only able to make transact using hard currency, gold or "gold-backed". We are will be so royally screwed having gold will hardly compensate.
YusefAsabiyah 2 years ago
"Imagine all of our financial systems going so hay wire we are only able to make transact using hard currency, gold or "gold-backed". We are will be so royally screwed having gold will hardly compensate."
It will definitely compensate. Gold is an effective safe haven. The people who owned gold would not be screwed at all. They could just buy British or Australian notes and live elsewhere.
IVoteNone 2 years ago
All safe and simple as that? This is what I call magic thinking.
There are going to be so many problems involved with this simple scenario you suggest it almost isn't worth commenting on.
YusefAsabiyah 2 years ago
Actually, no. It really is that simple. Currencies are traded on the market everyday. Immigrating into another western country from the U.S. may be a pain in the ass but is definitely very feasible. Assuming you have a degree, some work experience, and speak the language, I see no reason why you wouldn't be able to get a job after moving there.
IVoteNone 2 years ago
I don't see where these "problems" are. Do you think you're physically unable to leave your present geographical location, or unable to trade currencies on the market? What?
IVoteNone 2 years ago
As you envision a set of circumstances which will make relocation to another country necessary, you foresee a set of CATASTROPHIC circumstances.
All I can do is ask you to try to work into your thinking some of the complications which are going to accompany and be a part of this CATASTROPHIC scenario you foresee, and to just what extent the investment in gold is going to see you through.
YusefAsabiyah 2 years ago
The timing is off on the collapse for a simple reason. No one could have predicted that the Fed would destroy the value of the entire worlds fiat currencies through massive carry trade.
It seems the Fed and cohorts are doing an Adolf Hitler scorched earth policy as a remedy.
The consequences will be massive and severe but spread across the world. Here in Australia there is a boom as we race to fill export orders placed in US dollars from creditor nations getting rid of theirs.
wazza33racer 2 years ago
Wall Street has climbed 3000 points since Schiff said it would collapse
humanmonkeyworld 2 years ago
he didn't put a time line on the collapse...the Dow can go up endlessly, if the dollar keeps falling, it doesn't matter.
get a clue
pretorious700 2 years ago
he did put a timing on the collapse, take ur own advice and get a clue
humanmonkeyworld 2 years ago
Buy U.S. Savings Bonds and enroll
in the Payroll Savings Plan!
procommenter 2 years ago
Fascism will save us, somehow.
procommenter 2 years ago
Look up an article that President Obama has spent more money on his first term. Than any other president. He is going to send America's economy on a suicide mission.
popcur 2 years ago 2
I just ordered silver for the first time. Will plan to give silver coins to my family members. I don't think food could be exchanged for a playstation game as easy as gold or silver.
popcur 2 years ago
Continue to hammer common sense! Heads can stay buried only so long in the sand (as you nobly decry the perils thereof). I like to believe that those with sense now "get it," and that the Great Unwashed increasingly recognize the blatant truths (& untruths) you point out.
Our best hope to avert the economic disaster current policymakers are speeding toward lies in the public's admitting 1.The building is on fire; 2.Embrace your leadership. Just as the tide is finally turning toward Rep. Paul!
decapitatespammers 2 years ago
gold is money. always has been. always will be.
jhi1947 2 years ago 2
GOLD new high today. DOLLAR new low. Peter is right, as always! We have to stop these trillion dollar programs or the country will go bankrupt!!!
BlueSkies360 2 years ago 2
The collapse is still building up. No one could have dreamed up the massive money printing the Fed is undertaking to avert the inevitable. Right now the carry trade of US dollars is infecting and devaluing every fiat currency on earth. In real terms even the Aussie dollar has lost 40% of its purchasing power in terms of Gold in 12 months. People just dont get it, everyone is going to pay thru hyperinflation and poverty.
wazza33racer 2 years ago 5
Yes i agree the collapse is imminent but Schiff said it would happen a year ago so he was dead wrong
humanmonkeyworld 2 years ago
lol, what a tool you are monkey-man. If you call a guy that get's a lot of things right but misses on some timing issues (if he indeed did, but I've only heard him say he couldn't tell exactly when) "Dead Wrong", what exactly do you call a thousand people that were paid to see it, but miss it completely?
I think you've got a hard-on for Peter and any-ole excuse will do. What a loser. Go away, fool. Wait, better yet, man up, I want to hear your predictions, big boy.
TraderSteveR 2 years ago
tradesteve you are just another youtube moron, faggot
humanmonkeyworld 2 years ago
Paper, backed by NOTHING, is not money. PETER SCHIFF 2010!!!
iannetta11 2 years ago 2
So far Schiffs prediction of the collapse is dead wrong
humanmonkeyworld 2 years ago
Can you be more specific?
pirculator 2 years ago
Schiff was reporting an immediate collapse of the USA economy and a 1929 depression
humanmonkeyworld 2 years ago
There are some people money can't buy. For everyone else, there's the Federal Reserve. (Accepted anywhere people still believe paper money has value.)
SolarAlchemy 2 years ago 2
Thanks again Schiff!
paulojleite 2 years ago 2
55% of voters are women in America and most of them have no interest in economics, they are more interested in the household, daycare, looking after the elderly, healthcare and those sort of issues.
Kenysian economics seems as flawed as communism, great on paper and works for a certain period of time but is destined to collapse
Seano71 2 years ago 2
Women have a predilection towards socialism. They are not independent the way men are and always think they need someone to take care of them.
Think about it, when did all these socialist programs start? Right after women got the vote! Women struggled for years to get the vote, and the second they did, they shot their hardworking husbands in the back!
fluff125 2 years ago
Good point. Going back to the days where a household only needed the man to work to keep a good standard of living was far better, devorce was far lower before women worked as much as men. Houses have been kept at radiculously high prices
Seano71 2 years ago 2
Seano71, what a ridiculous statement. Look up how many businesses are now owned by women in this country. It is that kind of thinking that has set this country back decades.
RosesAndThorns91 2 years ago
Why sound so surprised? it is all part of the plan...
Go Peter, in 2010!!!
Lurie2010 2 years ago
You imply that there are no clear laws or theories in economics, I don't know about you, but i prefer Austrian economics than Keynesian economics.
VendettaVV 2 years ago
Peter, my boy...
look I know you like to do what you like to do with economics, but its time to start focusing on your senate campaign. Talk about some issues like abortion, national defense, etc... other than gold prices. Your polling at 5%, but you have the funds to do much better-use them!
soicuw 2 years ago
FED should be abolished.. Central banks should be closed all around the world!
hosszuvagta 2 years ago 6
Keep up the great work Pete! I'm behind you all the way.
joescarafone 2 years ago
Mexico Credit Rating Cut by Fitch....
I think Fitch got it wrong,it's the USA that should be downgraded .
Mind you this is one of three ratings agencies that assigned top notch rating grades on the sub prime garbage engineered and issued by Wall Street
MEXBOL 2 years ago
thanks for the insight on the FED
anolmec 2 years ago
Peter where were you at the Yale Harvard football game saturday? I saw Linda McMahon there...
robcass7 2 years ago
Roubini is a Keynesian proponent. He supported the Feds buying up selected big banks and the stimulous program. Keynesians see everything as bubbles and bust.
Roubini isn't worth listening to.
BrainBuggered 2 years ago 2
when are interests rates going to rise due to this inflation...when is the market..and the chinese going to demand higher rates due to the devaluation of the currency? when? thats my question
msegreto2 2 years ago
Grateful for your sharing of your ideas in a very articulate way.
jackkreuz 2 years ago
Experts are in charge and this is what we have to show for it. When the masses agree on consensus it's always at the exclusion of reasoning. Consensus is an excuse to believe in something, not a reason to believe. That is the peril of consensus it does'nt have to be based on truth but on belief that it's must be true because so many people belive it. False.
overtbellicosity 2 years ago
Economics is a science of means. Did you guys actually read any of major austrian economics books? No really, ask yourself that question.
VendettaVV 2 years ago
TheLiberalssuckdick 2 years ago
For those of you in here who still consider my commentary the work of a conspiracy theorist please do yourself a favor and watch a documentary on YouTube called THE MONEY MASTERS. Its the alternate history of the creation of the Federal Reserve system in America and our long held opposition to central banks. Id like Peter to watch it also and comment at some point if possible. I know youre busy Pete but I would drop alot of my reservations about you if we had communication.
CASTILLOM1 2 years ago
I feel the disconnect/divergence between the fall of the US Dollar and rising US Stock Markets is about to widen if not fail to correlate altogether in future. Wow!... do our markets and our society need some reality! JOBS JOBS JOBS....sums it up
Fri at 11:16am
stevegoff420 2 years ago
... The economics of the insurance and medicare business are simple. How do you deal with the social issue of sick being punished not just health-wise, but financially as well? Or you simply say "well, too bad, should have stayed healthy, better you than me"?
MyLoser 2 years ago
MyLoser - I am confused by your comments. Are you saying all sick cases are catastrophic? Why are you punished if you get sick? Is it unfair to draw on savings? Is there anyone anywhere who is arguing that "you should have stayed healthy"... Please clarify. Thank you.
badonkadonk34 2 years ago
Peter,
I wanted to get your opinion on the economics of the US medical care system. I'd really appreciate if you could provide your view on it.
Currently, the US insurance/medicare system represents a triple-whammy punishment. If you are healthy and rich, everything is cool and shiny. Once you get sick, however, you are screwed three ways - you lose your job, you get medical bills (partially covered by insurance), and you get higher premium once you recover....
MyLoser 2 years ago
America has no competitive advantage in manufacturing.Therefore there is no sustainable economy.Gold is a run to the hills play with no value except a quick trade therefore its a bubble.
humaner 2 years ago
FUNDAMENTALS:
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air; they mix TIN in your SILVER; the FEDERAL RESERVE debases your currency; they CHEAT; they STEAL your wealth;they hurt the poor.They think we are not SMART enough to know what they are doing but the BIBLE explains what they do.
The Federal Reserve is an evil slavemaker & Americans are its slaves.
maxellmusic 2 years ago
END THE FED, throw all the supposed fraud criminals in Prison!
mds1993 2 years ago 3
thought Nov 20th was gonna be the crash day,. like it was last year,. but we still have time,. Xmas sales will be lousy,. We're in the "twilight zone" of economics right now,.Was at Wal-mart today,. Used to buy tissues for 1.12,. 1.50 now,. Water,.49 cents,. now 78 cents a gallon,.Stock up on your necessities like TP or get used to using leaves to wipe your ass
TheLivingDeadOne 2 years ago
Geithner is a crook.
cbellison 2 years ago
The dollar is destined to crash. Our wonderful politicians are in the bag of the Rockfeller who set this thing in motion years ago. Did some research and found an eye-opening fact about David (depopulation) Rockefeller. He did his masters thesis on Fabian Socialism which promoted change, not through revolution but through incremental change as we've been witnessing through the years. The only thing we can hope for is to pick up the pieces after the damage is done.
Shameonfed 2 years ago 2
Well said sir. Check out video here on YouTube called The Money Masters. Speaks very loudly on the Rockefeller and Rothschild connection with the Intl Banking Cartels.
CASTILLOM1 2 years ago
This guy sounds like hes getting his information from those slanted economics books I read in college. Keynesian economics is taught in school because it advocates the existence of a central bank and government spending as a legitimate free market enterprise. Might I suggest sir you look up Austrian economics?? If Ludwig von Mises were alive today he would be running for King of the World!!! No govt spending, no central banks!!!
CASTILLOM1 2 years ago
The only thing I don't really get, is why gold is neccessarily, "real money". If people percieve gold to be worthless, or worth less, that's what it's worth. It's all about perception isn't it. I understand why the confidence of the dollar is low if the fed is just printing trillions. Why can't gold be a bubble to though? I think Peter Schiff might have a bias in saying this because of his view about gold. He might be right about gold, I really don't know. Why now Silver though.
Wolffanator 2 years ago
Silver is heavily undervalued, way off its historical price peg to gold. Typically, its at a 15:1 ratio. Divide price of gold by 15 and thats what silver should be. Metals, historically, have served as a haven in times of crisis. I think this qualifies as one and its not just America running a paper ponzi, the entire planet prints money, hands it out to its people, and then exchanges them for real goods. We're going back to the economies of the 1800's. Gold was King then!!
CASTILLOM1 2 years ago
How do we know we are going back to that neccessarily though? I mean, I think that would be great for me personally.
Theres so many variables that come into play though, to me, it seems just as speculative as the Obama administrations projections for what the future holds for the economy.
Wolffanator 2 years ago
For several reasons: A) The OIL IS RUNNING OUT!! B) War C) Weather change D) Disease E) Because we, humans, have printed so much paper currency, all of them drawing on resources that we have depleted the earth. Seriously!!! YouTube PEAK OIL. Great documentary here on the depletion of resources due to money expansion by Dr. Chris Martenson called Peak OIl. America, and to a lesser extent the world, is dependent on cheap energy. Absent this and we have massive recession.
CASTILLOM1 2 years ago
What you say makes all the sense in the world to me. I'll have to check that out. I'm person who's looking for the truth, I'm trying to figure it out, I can't say the economy is something my mind has completely grasped yet. All the forces that effect it and such.
Wolffanator 2 years ago
Same here my friend, ive been researching for some time now and have gained some understanding. I seem to have gotten it right though. If youd like please subscribe or add me as friend.
CASTILLOM1 2 years ago
What I really respect is results. Promises and predictions are a dime a dozen. Peter Shciff WAS right about the bubble last time. That's why I listen to him. I agree with almost everything he says except for healthcare, which I've done a lot of my own research on. Frontline had a good show about that subject. Even when I say stuff like that I get called a kooliad drinking liiiberal! or whatever.. When I see tangible results, that's when I'll call somebody right. Peter Shciff was.
Wolffanator 2 years ago 2
Castillom1 - I too, with Wolffanator, would do well if Gold once again becomes King. My concern, though, is "what if it's different this time?" ;-) By that I mean, what if the "powers that be" in the world are able to create a single world monopolistic economic & political system where a single fiat currency is enforced by world law and possession of gold is made illegal? Maybe that's not possible, I dunno. For anyone who believes the bible, though, as I do, it seems that this is a possibility.
ClownsAndBalloons 2 years ago
What do you mean "if"??? People call me a conspiracy theorist because we've seen what the plans are, have been warning of their actions and are now seeing them come to fruition. A one world govt/currency is exactly whats coming. SDR's issued by the IMF are new world currency. Check out this documentary here in YouTube called The Money Masters. Theyve been warning since 1997 of the coming collapse!! Seriously!! We knew well ahead of time this was coming. Now im telling you metals are best.
CASTILLOM1 2 years ago
People subscribe to Peter Schiff because he accurately predicted the coming crash in the markets....but hes not the only one. Peter is leaving out alot of information, especially that which concerns the Intl Banking Cartels. Alot of whom happen to be Jewish like he. Hes also leaving out peak oil, weather change and on and on. What im saying is metals are a great investment but I will be keeping an eye on Obama and if he decides to criminalize their ownership I will sell and jump into others.
CASTILLOM1 2 years ago
Thanks for your reply, Castillom. I am aware of the IMF's SDRs. In a recent interview, Soros has recommended their use as a "good" step towards the NWO. I'm not sure there will be warning enough to get out of gold before the price collapses; especially if it's criminalized globally. I wonder what the price of gold did when FDR's "confiscation" was made public?
More to follow...
ClownsAndBalloons 2 years ago
No there may not be enough warning but look around at the alternatives to investing in metals. The heavily manipulated stock markets?? Bernie Madoff will not be the only person discovered to have run a ponzi scheme, I guarantee it. Metals are currently on their bull run and make a great investment. If youre having reservations on investing in metals due to the actions of the power then might I recommend you purchase and hold out of the country?? Schiff speaks of this often...
CASTILLOM1 2 years ago
And on FDR's actions...Im not sure what happened after the announcement and criminalization but I do know that once the nations gold reserves were confiscated, the price doubled overnight!! Also remember that back then we were on a gold standard, owning cash was as good as gold.
CASTILLOM1 2 years ago
Cast - "the price doubled overnight!!"
Right... which means the dollar essentially halved over night. I must agree with you about metals as an investment at this point... and I am adding as I can. Some I hold in my hands, some I hold at Perth, as Schiff recommends. Unfortunately, our gov't requires that we report the gold we hold overseas at the Perth, so I'm afraid they'll demand my certificate when the time comes. :(
ClownsAndBalloons 2 years ago
Also, if the price of gold shot up from $20 to $35 does that really mean the dollar halved??? Or does it simply mean gold rose?? I dont think the price of all commodities jumped to the same amounts percentage wise as gold so the dollar must have been fairly steady. I dont remember hearing about having a currency crises in the 40's.
CASTILLOM1 2 years ago
@CASTILLOM1 You have to think of money as just another good to be bought and sold. You sell your dollars to a retailer for goods, and you sell your labor to get more dollars. Think of it in terms of this, then why does the Fed have the right to counterfiet the same thing you have to earn? Prices rising is jusst the dollar falling
WPAJoker 2 years ago
Actually, if they fixed the price of gold at $40 (rather than $35), then that would more accurately be 1/2. I meant the $ halved with respect to gold, not necessarily with respect to other commodities or currencies (unless the other currencies were gold backed) although that's a good question -- it's hard to imagine such an abrupt change not impacting the $ price of other commodities. In any event, before the change foreigners could buy gold from us at $20/oz, afterwards it cost them $35.
ClownsAndBalloons 2 years ago
Are you certain the price was fixed to gold?? Are you sure it didnt float "freely" with the price of gold?? I honestly dont know this information but its making my head spin. Now I need to know. Does anyone in here know what happened between the dollar and gold in the 30's and 40's?? How did the dollar perform against other currencies?? What about the price of commodities?? Silver?? Energy??
CASTILLOM1 2 years ago
Ok im sorry, what I should have said was that Peter is of Hebrew lineage. I only mention this because of the actions of several Hebrews in power now. The Geithners, Bernankes, Paulsons, Greenspans, Rubins, Summers and on and on are causing this collapse....I only wonder if Peters non-criticism of the power has anything to do with this connection.
CASTILLOM1 2 years ago
Yeah... I must admit... physical Jews (those of Hebrew lineage) are absolutely disproportionately represented amongst the "bad guys". But again, they are also disproportionately represented among good guys too - those who have contributed greatly to science, arts, knowledge, etc. - It's almost like Yahweh created them as a visible manifestation of what it means to be "blessed" -- but also what it means to be "cursed".
ClownsAndBalloons 2 years ago
I agree. Like I said, this is not an indictment on all Hebrews, I only wonder which Mr. Schiff falls under. He doesnt seem to ever mention his evil brethren in the grand scheme of things or their connection to the Intl Banking Cartels which they absolutely control.
CASTILLOM1 2 years ago
Comment removed
CASTILLOM1 2 years ago
Yea... the penalties are pretty stiff for non-reporting (50% of holdings, or $100k), but I hear you. Google "TD F 90-22.1" for info... it's not even part of title 24 tax code, so it has even fewer privacy guards.
I understand that gold was at $20/oz before FDR's grab, then went immediately to $35, when it stayed until Nixon took us off the standard in the early 70's. So the $ devalued immediately against gold.
ClownsAndBalloons 2 years ago
Continued - One more thing, Castillom.
I don't think Peter's being Jewish is relevant. I don't know if you believe in Scripture, but being "Jewish" is not the litmus test (there are good and bad Jews, just as there are good and bad goyim: "he is not a Jew, which is one outwardly" (Jew means "Yah praiser") "but he is a Jew which is one inwardly" (Rom 2:28) Yeshua was a Jew. Paul was a Jew. Of course, there are those who say they are Jews but are not, they are a "synagogue of satan". Rev 2:9
ClownsAndBalloons 2 years ago
No I do not believe in scripture, the bible says many things that we dont understand only pretend like we do. The fundamental problem with the bible is that it was written in Aramaic and translated by a group of priests at some point. Do you speak another language? Ever try telling a joke in spanish to english?? It doesnt work, gets lost in translation. So does the meaning of the metaphors written in Aramaic, translated to Latin then English and on...
CASTILLOM1 2 years ago
Ok. I won't preach, then ;)
I absolutely understand the language issue that you speak of, and agree. Therefore I'm pretty far into the process of learning the original Hebrew (Old Testament), including idiomatic issues. The NT is more problematic. I haven't studied Greek. There's good evidence that the orig. lang. for the NT is either Aramaic or Hebrew. Aramaic is close to Hebrew so I figure I get the most bang for my buck studying Hebrew
ClownsAndBalloons 2 years ago
... traditional christianity has many problems that I believe must be stripped away... but I do believe that it's not an insurmountable problem. One just has to learn the idioms (the info's there) and be willing to step away from milleniums of built up traditions. Plus, one must start with the Torah of the OT as a foundation, before one can even begin to understand the NT. I hope I haven't said too much ont he subject :)
ClownsAndBalloons 2 years ago
No of course not, I am enjoying this conversation immensely and your information on the price of gold during FDR'S tenure as puppet is great. I always love it when I meet someone with more knowledge on the subject than I. I dont think this is very appropriate for Peter Schiffs channel though as im sure he reads these posts and is wondering what the hell we're talking about lol. I would still like to know more information about yourself. How do you know so much?? What profession?? Why scripture??
CASTILLOM1 2 years ago
I don't know that much, but I am trying to learn as much as I can about finances, NWO stuff, as well as Scripture... (Not necessarily that order). I'm a software engineer, unemployed at the moment, so I have the time. I think this info may make the difference between life and death (physical & spiritual) for many of us with what's coming. Frankly, I'm afraid getting back into the "grind" of work will put me back to sleep, so to speak, as far as being able to pay attention to what's going on.
ClownsAndBalloons 2 years ago
My friend, it wasn't until I had free time due to slow downs at work that I got hip to many-a-things myself. Do yourself a great favor and get your hands on "The Creature from Jekyll Island" by G. Edward Griffin.
jawneblaize 2 years ago
jawneblaize, thanks for the tip. There's a 12 part video I've favorited with this title... I'll view it when I get some time. Probably not until after Thanksgiving.
ClownsAndBalloons 2 years ago
You seem to be very knowledgeable on the field of economics and finance Clowns. You wouldnt possibly happen to be Peter Schiff disguised as another user would you?? I mean, ive seen alot of commentary on this page from users like yourself with very little member info. Might I ask for you to divulge some information about yourself??
CASTILLOM1 2 years ago
Wow. That's a nice compliment. Thanks! I've been following Schiff for a little over a year now and like his views a lot. Actually, I could wish he was more of a pessimist about human nature - I certainly don't think he's part of the NWO conspiracy... but he seems naive when he gives our leaders the benefit of the doubt by calling them "clueless" or "stupid"... some may be clueless, others extremely selfish, but some know what they're doing and are breaking us intentionally.
ClownsAndBalloons 2 years ago
Well said sir, couldnt agree more. The issue I have with Schiff is his non-disclosure of this information. Also, im not sure if you know it but there was a Schiff family originally involved in the formation of the Federal Reserve here in America. Im not certain that Peter doesnt descend from them. After all ive seen, im just a little weary about trusting Hebrews with alot of inside knowledge who dont bash the real power and is running for office. Seems very suspicious.
CASTILLOM1 2 years ago
... continued .. I have most of my assets invested through Europacific and have done well, but I'm not sure about his "dislocation" theory. If he was more aware of the NWO forces, he may be able to suggest better safe havens. Sorry for the lack of user info, I haven't started posting much on YouTube until recentlyl... and haven't bothered putting much info up. Thanks again for the compliment :)
ClownsAndBalloons 2 years ago
Again, the issue I have with Peter is headlined here. Are you certain he doesnt know about the NWO already and is secretly what bonehead Alex Jones refers to as "controlled opposition"?? How is it possible that Peter who is running for the senate doesnt know of this secret power?? Why is he the only one allowed to criticize the power and their actions on their biggest most powerful weapon the Mainstream Media?? Seems very very suspicious.
CASTILLOM1 2 years ago
I've thought a little about what you're saying wrt "controlled opposition". I guess I can't know for sure that he's not, but I've listened to him for hours, and also read his books. I've spoken with him a few times. I really think he's an honest guy doing what he believes in. Are you aware that his dad is in prison for a principled stand against income taxes? I believe, though, he might get himself in serious trouble if he gains the senate seat and I'm right about his character.
ClownsAndBalloons 2 years ago
The End the Fed rallies should become "Boot out the Puppets" rallies and we should stop contributing to the system that is enslaving us. Peter speaks as if there is a political solution to this problem when there is not. The time for political action has long passed Pete, now is the time for America to grow a pair and show the world who is in charge.
CASTILLOM1 2 years ago
The problem with your line of thinking sir is that you would entrust the control of money circulation to the evil entity that created this mess. If the power to control/issue currency were replaced to those originally intended by the constitution then we would have alot more transparency in the system. Mistakes would be headlined, not buried, and we would have a system of accountability. Those politicians that made mistakes could be held accountable. Right now, there is no such accountability
CASTILLOM1 2 years ago
I do think youre right though on your statements regarding trusting politicians to control our money supply. But...THE FED MUST GO!!! The members of the Fed Res Board should take a nice, long stroll off Santa Monica pier and continue walking when they hit the seafloor. They can also take their asshole puppet politicians with them. We as Americans have to stop relying on the Peter Schiffs of the world and start acting. I recommend looking up your local Congressmen and asking them to resign NOW!!
CASTILLOM1 2 years ago
more ppl need to watch this video
dengzhi 2 years ago
WallStreet has hijacked Washington.
Blackjack555 2 years ago 2
exactly. well said
crinoid1919 2 years ago
Hey folks, I really think the time has come for we as Americans to ask our local U.S. Congressmen to kindly resign. This will send a loud message to all of America and their "leaders".
CASTILLOM1 2 years ago
I think sir you ignore the power of the international banking cartels. Congress is loaded with puppet politicians long ago bought and paid for by the billionaire bankers. The Fed is the enemy. If youre reading this Peter understand that I will not be happy with anything other than the abolishment of the Fed and that all members of the U.S. Congress resign immediately. And I mean all of them!!!
CASTILLOM1 2 years ago 2
Peter wants an independent Fed? wtf. Money should be created by the government only, backed by gold and silver, and via politicians we ELECT and can HOLD ACCOUNTABLE.
pentel1911 2 years ago 2
Another reason why we shouldnt trust Schiff unconditionally. I think we should all be weary of this man and his intentions until we know more.
CASTILLOM1 2 years ago
I have been following Schiff for a couple of years now and this statement caught my attention. I don't know if Peter now all of the sudden is for a central bank (I hope not) or if the context of that statement was made with the assumption that the FED isn't going away any time soon.
Regardless, I need to hear him speak directly to this statement. Hopefully it's just Lost in Translation.
fuxoffyo 2 years ago
Peter's position from all the speeches regarding the fed has always been ULTIMATELY he wants to get rid of them. But he doesn't want to do it in a way that something else would come and take their place which would put us back to square one again. Basically they should be returned to their original charter then eased off and replaced with nothing.
emp0rizzle 2 years ago
He thinks that if the FED is abolished under a democrat controlled congress, it will be replaced with something worse, such as CONGRESSIONAL control of the money supply! EEK!
It would be much easier to regulate and tighten the reins on the FED if we are to make any progress in the short term.
He is against a central bank, make no mistake. A devoted student of Mises and Hayek would have to be.
fluff125 2 years ago
Good point. It starts with a true audit of the secret dealings of the FED bailing out FDIC banks, and more importantly international bank transactions and deals.
I agree Congress is not ready to take back all the power, as it seems they have delegated out everything but getting elected.
Maybe if we can get some transparency people will see the importance of sound money and elect people like Schiff to local, state, and federal offices.
FreeMarketForces 2 years ago
I Say lets have these same dimwitts making this Economy so much "BETTER" run H/C also........what's the real definition of "STUPID" again ?? (_-_)
gofucoffee 2 years ago 3
Mel Watt is a TRAITOR!!!
End The Fed!
campaignforliberty
EndTheFedRes 2 years ago
Conspiracy theorists gone wild LOL. Please Peter say you want to end the fed LOL. But I thought you were one of us LOL.
IWashMyOwnBrain 2 years ago
The problem I see is that when the dollar crashes, all other currencies will follow and then when there are no more papaer currencies, the powers that be will turn to electronic purchases only that would have to be implanted under your skin for security. Thus completing the prophesy of Revalation. This is much bigger than a conspiracy my friends.
2uberu 2 years ago
Not necessarily. When the dollar does fall apart they will replace it with another. Probably SDR's issued by the IMF. The big plan here I think, is to get this One World Currency/Government up and running by purposefully destroying the current system and calling it a collapse.
CASTILLOM1 2 years ago
@CAST I think your conspiracy theory is far fetched because it involves too much risk and unknowns, too many people have to be involved that are long dead. If these people had so much power, why upset the apple cart?
2uberu 2 years ago
Set quotas for Jews holding powerful influential positions
at the federal reserve and their 12 pier elected (Jew) regional bank members who make this horrific plutocracy possible
brotherjupiter 2 years ago
Hahahaha, have you not learned yet sir??? When you criticize the Jews you make alot of enemies on YouTube. My account is routinely hacked and comments removed or not allowed to post.
CASTILLOM1 2 years ago
"The trade of the petty usurer is hated with most reason:
it makes a profit from currency itself, instead of making it
from the process which currency was meant to serve.
Their common characteristic is obviously their sordid avarice." - Aristotle
Blackjack555 2 years ago 3
This video will not play for me. Weird, never had that happen.
Adahondeayenh 2 years ago
When it comes to pure info, this was probably one of the best clips from this channel.
Xasew 2 years ago
the story is both the US and China governments are printing money. The Gold is well bid due to this. The other central banks will no longer add to currency reserves. Yet in 2010 America will have a trade deficit. As We export the paper currency, the foreigners will convert it to stuff asap.
borisbmx 2 years ago
Geithner is the one who bailed out AIG at Goldman Sachs' request. Blankenstein was at the bail out meeting with Geithner and AIG.
Everyone seems to have forgotten that it was Geithner that originally bailed out AIG, not the federal government.
666sigma 2 years ago
Peter's videos keep getting better. One of the best ones yet.
MaverickCentricity 2 years ago 2
Greenspan got a new porch for doming our country
dallen122758 2 years ago
We are being lead by a ship of fools
dallen122758 2 years ago 2
the chinese and indians bazillians etc are younger..they will watch the coming stagflation of the sunset economies in the west and buy gold..there is not much gold relative the the huge amount of humans..and it takes work to mine it ..and the easy gold like the easy oil ..has been allready found
charles98888 2 years ago
Do anyone notice Geithner keeps on having a surpressed, sneeky smile when questioned? Very worrying
Seano71 2 years ago 2
Very true, that sly sneaky son of a....he knows he has the power and those "politicians" that are "grilling" him on the actions of the Treasury have no power to stop him. I would laugh too if I were a member of the dramatic play called Congress.
CASTILLOM1 2 years ago
the only ones who seem to know what's going and want to stop it are the Texans. Over here in Ireland I'm keeping an eye on what is happening in the US, because its where the main global events are happening. Why would the NWO kill off America when they could still use them to fight further wars to take over other nations? Perhaps, the EU will take its place. Who knows
Seano71 2 years ago
To those of you in here that consider what im saying the work of a conspiracy theorist please do yourself, and your family/friends a favor, watch a documentary warning of this disaster. THE MONEY MASTERS. Here on YouTube. It warns of the secret plans by the banking cartel in 1997!! Ive been following the disaster for many years and nothing that has happened has surprised us. On the contrary, we've been able to profit from handsomely from these actions. The real estate bubble and now metals.
CASTILLOM1 2 years ago
I only wonder why Peter doesnt even remotely mention the cartels in his video. Why doesnt he speak of the secret power behind the scenes?? Not even a mention. Peter if youre reading this understand that I am a fan of your work. You on the other hand I will watch very closely my friend. I have simply seen way too much to throw my unconditional trust behind a person with so much inside information that is about to be (s)elected to office.
CASTILLOM1 2 years ago
My prediction for Peters bid to office??? An overwhelming "success"....
CASTILLOM1 2 years ago
woohoo! y'all chinese get ready to buy all these AAA paper in govt institutions-AIG,Citibank, FaMA,FrMac, GM and help yourself!
Am I nuts or is this happening?
madhuradi 2 years ago
its happening, unfortunately and the crazy thing is ppl don't believe me when I tell them.
Seano71 2 years ago
i can tell there is no cohesive understanding of economics or the several economic theories, so far every posted is an opinion. its no conspiracy that this has and is a manage economy, and because its manage we see such behavior.
demik027 2 years ago
your retarded
mclaurin10 2 years ago
The dismal science could be made more transparent if the Federal Reserve was abolished. We could understand supply and demand without the inflation guise.
gatersaw 2 years ago