Peter Schiff's "Crash Proof"

[adulby]

"pretty much everything i wrote has panned out exactly the way i wrote it" - pretty much, Peter is awesome.

[451melkart]

Austrian liberalism

[xmei88]

Peter is a lengend !

[soundmoney2011]

Saw this video more than two years ago and been collecting silver ever since :)

[soccom8341576]

Smart advice would be to not only listen to this guy, but also every single economist and adviser you can get, and then wring out the drops of truth and go from there. Everyone tells some truth but it needs some extracting.

Gold is pretty good, but learn about diversification.

[delyshBB]

@soccom8341576 I'd like to point out that you're supposed to listen to to people who know what they're talking about. Just because you have a degree in economics, it doesn't mean you know you're talking about. I do agree with this qualifier, but listening to Krugman or Summers is pointless. And diversification is good - diversify across commodities, by country and by sector, but on pretty much the same macroeconomic outlook.

[bofocub]

and what about JP Morgan manipulation of the Gold Prices by Injecting new Gold in the market and thus Keeping the price of Gold Lower than projected.

What about India buying 200 tons of newly sold Gold from JP Morgan last week. They put 200 tons on the market and India buys the whole thing!

[soccom8341576]

@bofocub

Hey, they're doing the market a favour. More people will have gold assets before the crash.

The crash would come suddenly.

[wojtek0000]

oh the money fools could have saved if they listened to this man. soothsayer.

[PsychoTrophyWifey]

buying gold now wont do dick for you.

[jaffijoe]

Why is that? Gold buys the same amount of goods today that it did 100 years ago. It has held its value better than any other money available. I personally prefer to have money (gold) that holds its value and/or appreciates. But, I guess if you prefer fiat that losses value every year, go right ahead.

[AFRIKTODAY]

Said who? Keeping your paper dollars will only bury you earlier than you think.

[IstilGotGame]

actually buying gold will help.. gold prices will soar as the american dollar drops

[kolarshooter]

$1000.00+ gold IS doing "dick" for me. Thank you very much.

[PsychoTrophyWifey]

all the bankers and the richest of rich will be the ones hanging in the streets first.

[timgebhart]

silver is the best value and stel most dont know you can buy investment grade steel its great for the average joe or jane good luck

[bleistiftmann]

Three of us invested with EP. In a short period of time, we lost considerable. We have no confidence with his approach. He may have predicted chaos and collapse, but he EP didn't avoid it for us.

[erushbass]

and how would you know that? Seeing as this collapse isnt over yet?

[TheAmericanTruth09]

so what if you had invested with another firm... wouldn't you be saying the same exact thing about your investments? How the hell do you think a world market is not going to be affected by the collapse of an economy which consumes 25% of the worlds goods while it houses only 5% of the worlds population.

[gaycure]

Schiff sounds sweet on the ears. This is an operation gladio like ploy to leave one of their corrupt inside our ranks to further the _ew world order agenda set by Mayer Amschel Rothschild in 1776. Schiff's great grand daddy Jacob, was raised in a Rothschild estate, later sent to America as another front for the Rothschild's with his Kuhn, Loeb bank and their Jekyll Island 1913 FED set up. Capitalist Jacob Schiff financed bolshevik (aka communist) V.Lenin (Jew) whom killed 30+ million Christians.

[lloyddaroyd]

I don't think Jacob Schiff and Peter Schiff are related even though they have the same last names. Maybe someone should call in on his show and ask him. I know Peter's dad is currently serving time for not paying taxes. That would be pretty sick if they are related though...

[x7isrich]

if you agree with peter schiff (which i do) inflation benefits debtors, right? so now is the time to buy american real estate and other assets...correct? run up as much debt as you can, then uncle sam will proceed to wipe it all out. you're left with assets that are worth less than you paid, but you won't have really had to pay very much for them, because the debt will be depreciated before you can pay it off. i'm buying american real estate right now for what that's worth.

[IamAlexM16]

Bad Idea. Peter Schiff doesn't even own a home b/c he knows home prices/real estate will fall further. Inflation may help you some but not enough to gain a profit. A much better investment would be gold/silver.

[x7isrich]

i hear you and agree. owning personal residence is not a store of wealth, and schiff is down with that. thus the lack of home ownership. I'm talking strictly about cashflow props. positive cashflow is a good thing. equity growth through appreciation is only one of many ways real estate can make money. appreciation is very overrated. and for the record, schiff has spoken positively on buying investment real estate, just not personal residences.

[x7isrich]

I also agree that home prices will continue to sink nationwide. Midwest will be much more mild price losses than other areas though. Gold is not so much a good investment as it is an inflation hedge. i own precious metals, but I understand that when gold doubles in price (which it will), I've not made any money. I've only not lost money. A good investment actually makes money, according to my definition anyway :)

[liberty130]

Also now a Bag of U.S silver coins. $1,000 face value is worth $7,000 to spot price in USD.

A $1 silver coin is worth now 3 gallons of gas by its silver value, Can you get a 3 gallons of gas with 1 paper dollars? nope. You can see the inflation.

[liberty130]

He right about the debasing of money. the same can be said about silver coins. If that was in circulation still and they took it all in, and debased it to 50% silver per coin and made twice a much coins. No it doesn't make there money in circulation is just makes the money lose its value by 50%. Eventually inflation will catch up and prices of goods will increase by 2.

[LT711]

Way to stick to your analysis and opinions Schiff. The lack of government accountability in our current situation is absolutely disgusting. This is beyond white collar crime, white collar genocide fits better. The Bush administrations neglect of sound financial have truly brought the US economy to it's knees. Thanks for dealing Obama a shit hand, i hope he can revise our governments spending and take our economy in a more stable direction.

[LT711]

"sound financial practices"

[gregtron111]

Unfortunately I believe that Obama was dealt a losing hand and will take the fall for his predecessors. It's a shame because Obama seems to be a very moral and intelligent man.

[tanio12]

"Unfortunately I believe that Obama was dealt a losing hand and will take the fall for his predecessors. It's a shame because Obama seems to be a very moral and intelligent man."

Well if he was intelligent he would not want to be captain of a sinking ship.Also we as Americans need to take responsibility for our own shortcomings. We should have been listening to Peter and Jim Rogers years ago, some of this is our fault.

[WONDAWOMAN]

OBAMA has been groomed for the position, he will participate in the agenda to collapse the economy... that is what billion dollar bailouts do...bring economies to naught.... He will do as he is told, otherwise he woul;d not have been selected to follow his 11th cousin, George W. Bush.

[dimaniak]

racist

[KevZen2000]

dimaniak,its not racist,Obama is just a puppet,and he will not be the "hope" and everything he does will hurt the economy for many years with massive welfare and paper printing to bail out banks and not to create infrastructure jobs that actually benefit the economy.

[homersgut]

i guess he would not want bail out GM...lol

[Tr1llobite]

¤ø„¸¸„ø¤º°¨ „ø¤º°¨

¨°º¤ø„ RON PAUL „ø¤º°¨ Copy and paste

¸„ø¤º°¨ ``°º¤ø„¸ If you believe in the

ø¤º°¨¸„ø¤º°¨¨°º¤ø„¸¨°º¤ø FUTURE OF AMERICA

[narenaj]

Peter is awesome !

[reginaDexant]

Get ready boys! Buy cigarettes, liquer, canned meats, coin money, ammunition, anything you can sell on the black market. Learn to hunt. fish, plant victory gardens, and most of all PRAY.

[BogusJesus]

@reginaDexant, did you stock up yet?

[19Truth53]

I've read this book, folks.  GET IT! READ IT! It's brilliant. Support both Schiff and Ron Paul to stop the unconstitutional 'Bail Out' and allow Ron Paul's economic policies to rule. This is our ONLY way out of our current mess. Both Paul and Schiff called this Meltdown ON THE MONEY! Don't believe them now at your own risk!

[Listman11]

Hey moron, how did those investments in China and Brazil work for you. Both are down 60% and 40%.

Idiot.

[noraklagrangian]

Schiff advises investing in income stocks, such as utilities, so a broad economic index of the large-cap stocks in specific countries cannot be used.

[zenmachinefilms]

He also suggested investing in countries and currencies such as the Swiss franc, which has been reasonably stable. Another recent pick of his was New Zealand Trust, which is only down a little in the last two months, but still paying out good dividends. He also thinks Asian markets are better long term because of their manufacturing.

Read his book, check out EuroPac, it's all there. He's not perfect, but he's been alarmingly accurate in his predictions. Much more so than many others.

[lorerax1]

SANTACLUASE!! XD nice one.

ahhherrr buy gold/precious metals, and distribute stocks over the world. Got it.

[mychannel4]

Yes, Peter nailed this one.

I loaded up on IMG (IAM Gold on TSE).

Not only will it appreciate from her, but a likely take-over candidate too.

[MooseOfReason]

Do you mean 2009?

[shawn76o]

Is it just me, or does he look like he could be Paul Reubens' cousin?

Sorry, I have A.D.D.

[chineseidol1985]

im reading his book :D...

[tommybarresi]

I just started reading it.  Seems to make tons of sense to me.

[billyguns2]

Peter Schiff, a "voice crying in the wilderness." He has saved my investments.

[ralphhumacho]

my broker's philosophy is very similar to peters. i took all my money out of real estate and invested in commodities, foreign currencies, and foreign stocks back in 2004. to date, my wealth has increased by nearly 6-fold. i can now easily retire at 52 if i want to. listen to peter!

[lunaris19]

I have question that I hope you will answer.

Should I still invest in foreign stocks & currencies despite that many industrialized nations are going to lose wealth as the US will continue to self-destruct?

[Luvanicebum]

True, other markets are being dragged down as a result of our crash, but the countries that have positive trade surpluses and a strong manufacturing and resource rich nations will do very well.  Asia, Canada, India. There are so many markets in the world that don't even trade with us already. Now that we've screwed the world over on 30-1 leverage and unpayable loans, they're going to be less likely to finance us any more. Foreign markets are already down 50-60%...time to nibble.

[lunaris19]

Thanks for the response. I guess I better get cracking and start in investing soon :)

[toeg1]

Excellent video!!

Peter Schiff has hit the nail on the head. A devalued dollar, economy in recession, real estate bubble burst, subprime loan debacle, and credit crunch. These are things that destroy an economy.

Thanks for telling the truth and not pulling any punches.

[bander87]

Haha, Peter always hits the nail on the head.

[hqlion]

He should be given medal(a gold one!) for his honesty and guts.

[Ooloosoon]

Peter Schiff is about the ONLY guy you see on TV with the nads to tell the TRUTH.

So I was NOT shocked to learn that he joined (about the ONLY member of the US Government with the NADS to Tell the TRUTH!) Congressman Ron Pauls Staff as his economic chief

It makes me sick to hear that Ron Paul will NOT run 3rd party in 2008..God knows tis nations NEEDS this man right now!

Maybe Governor J. Ventura will run?

Anything but CFR Marxist Obama and CFR Fascist John Mc-Same

[codematrix]

I have a funny feeling we're going to see a major stockmarket crash - April 14-18/2008

[DOLLARCRASH1984]

The US stockmarkets will mainly drop in value and not in numbers.

Remember that the Dow is numbered in dollars.

[crazie111]

well, it will come, just a matter of time!

[chadz702003]

thank god for peter schiff, he lays it down the way it is! A realist - and a real patriot. But make no mistake about it this mess is no accident. This was planned

[SlowRideCT]

Peter Schiff, Jim Rodgers and Ron Paul have ALL accurately predicted the mess we're in... and ALL of these guys agree on the solution to the problem...

ABOLISH THE FEDERAL RESERVE and DISBAND THE IRS.

Gee. Let me see. Oh yeah! That's what RON PAUL wants to do.

Dhurr.

[KingDrudge]

I am still trying to figure out who in the hell would want to be president after this mess that Bush is about to handover. Quite frankly, out of all three I would feel sorry the most for Obama, Clinton and McCain have been in DC long enough so they are part of the problem. If Obama were smart he would let Clinton steal the nomination and let her or McCain take the reins of the economic mess. This coming collapse shouldnt be placed on his young shoulders.

[semperlibre]

you got alot to learn

[antonKASA2007]

take the money,gold and silver out of the history,because human energy and earth are the real wealth.This guy is paid to create alarm

[navtel]

don't listen to him and see how you make out in a years time then.. there is a difference between being pessimistic and realistic.. peter is a realist.

[julebuggy]

Bwahahahahaha!!!!

Peter has been ridiculed by Wall Street types and government apologists for years. Now he gets his day in the sun and you're all over him. You're likely a screwed domestic investor.

[Voidka]

What if our economic crash crashes the world economy too? It wouldn't be wise to invest in any stocks or diversify in other currencies. Its best to buy real supplies to be a self-sufficient individual in a time of crisis.

[julebuggy]

Peter mentions this in his book. Buying fine wine, collecting coins for melt value (there'll be a huge underground for this).

I would probably add caviar and spirits. High value density.

[Forsure3333]

Precious metals, mostly gold and silver, seem the way to go! I wish I could buy, but I'm in debt right now. I will soon start a second job which should take me out of debt by the end of 2008. I'm wondering if I should invest all the money off my second job on these metals, and just make my minimum payments on my loan. By the way, I have virtually no asset to pay off my debt. In other words, the money I owe was pretty much on unneccessary things. What should I do?

[He101A]

You can still invest in precious metals, just buy like a few ounces of silver every month. If you have a credit card, you can buy the gold with a credit card, and sell it on ebay when it goes up. Buy and sell.

[bschinzel]

terrible advice. lol

Do not buy gold on a credit card. The Interest rates on the debt is far too high. You would have to get a return that would exceed the rate of interest you're paying on the debt.

See if you can get a large loan in dollars with a low fixed rate of interest and no money down and invest it through something that pays a dividend that exceeds the interest payment. You'll be able to pay your interest payments...and who know what the dollar will be worth when the chips fall

[He101A]

Buy gold with a credit card and sell it on the same month when it goes up. This only works when gold trends up constantly. It does not work when gold is on a downward spiral. Gold is going thru a downward trend now, we are at a period of deflation. We will go thru a period of hyperinflation in a year or two. You are right about low interest loans at a fixed rate; however, no one is lending money at low interest now. It is very hard to get a loan period!

[tk421missing]

I received the Euro Pacific Capital newsletter about Cdn Royalty trusts. It says Royalty trusts would only stumble if among other things interest rates were to rise. It then goes on to say that interest rates are not going to rise. But the book talks about rampant inflation and rising interest rates. ??? which is it?? rising interest rates or stable low ones. A prosperous American economy using 20m barrels a day or a bad one using far far less?? Can anyone reconcile this for me?

[willmasur]

The federal reserve have kept rates artificially low and it seems they will be low for the foreseeable future. Eventually they will have to raise interest rates to save the dollar. This is probably the only thing that hasnt happened that he predicted.

[tk421missing]

okay thanks I guess that means that the day of reckoning is simply being postponed a little longer. Maybe it will be long enough for India and China to purchase 300 million cars.

[chengiggler]

He was right about everything, and he isn't wrong about the bond market, just a bit premature in his prediction.

[NowisEvollovetion]

What a guy, this man undoubtably KNOWS what he is talking about.

For me the best thing about Peter is, that no matter what others throw at him is totally uncompromising in his assessment of the current financial situation.

THIS UNCOMPROMISING POSITION HE HAS TAKEN, COMES FROM HIS VERY REAL KNOWLEDGE OF THE FACT HE IS CORRECT.

As we are now beginning to see, he was absolutely correct, and he knew it as well.

[rbbo08]

This guy is a genius.

Seen a ton of interviews - other economists laugh at him, but then all his predictions end up coming true.

Just ordered his book off amazon & can't wait til it gets in.

Thanks for spreading the truth, Peter, & keep up the great work.

[tk421missing]

Read the book. Saw that Cdn. oil trusts were mentioned as a good bet. Rule have changed though. Do you think that Canada will be okay? It is completely tied to the US!

Hope this is Euro Pacific :)

[surinate]

I have the same question.

[julebuggy]

He addressed this, and just mentioned that it should be a part of your portfolio. He's even warned Canadians to diversify from their currency b/c there's a lot of US integration.

Their central bank, while recently lowering rates, still has fairly high rates with respect to the US. This will probably boost their currency.

[InTheSticks1881]

:O)

[unobb]

Thanks you Peter Schiff :)