Peter Schiff Economic Crisis Compilation (Part 7 of 7)

[jenleex]

You don't seem to realise this collapse has been planned by the New World Order and to use the collapse to do so, they shot Kennedy when he tried to stop them, Obama is backed by the NWO the Bilderberg's, bankers,media coporations and the rest, will take over. You need to set up groups of people a defence force, the new world order will use this collapse to bring in marshal law. You must have trained armed groups with commanders who will be able to fight them then they try to take over.

[patrikkorda]

was a great watch! thanks for this, Im gonna buy a few more gold coins before coming back to the States after the new year. Just wondering, what was the song at the end?

[StevenM818]

Beethoven's 9th Symphony, second movement (Scherzo: Molto vivace - Presto).

[sheeplvl1]

If the U.S. economy failed, then it is the world's largest economy body that failed. Think what could happen. I'm not gonna say it and have people say I'm crazy. You think!

[dave777blaster]

Where I live we have the #1 banking system in the world our banks do not do zombie banking like in the USA.

our bank boxes are safe

anyways bubba you take care

[StevenM818]

Good luck with all THAT "bubba" LOL.

[MortalAndKnowingIt]

can i guess... ur from sweden

[Seano71]

where do you live?

[dave777blaster]

it's in coins some rare ones and some newer ones as well as rare stamps also

My gold and silver is in a safety deposit box.

My stamps I have at home.

[StevenM818]

LOL it's in a "safety deposit box". You have no clue what you're doing. I guess I'll just have to take your word for it.

[dave777blaster]

You failed to understand !

I can't help you friend I did my best to explain it but you do not want to learn something new and keep falling back on things that have no bearing on the subject .

anyhow its all there you can choose to learn from it or not.

[StevenM818]

You're the one who's failed LOL. You go ahead and put your wealth into a fiat currency if you want. Have at it. But I sure won't because I'm not a fool. You mentioned that you have 50,000 in gold and 20,000 in silver. Is that physical or on paper? If it's physical, would you mind making a video so I can see it?

[dave777blaster]

You do not want to understand

if they bring out a new fiat currency the bill itself is made of paper its value is 3 cents the cost to print it

but they will assign a new value to it

and that value is what? what ever they want it to be !

and that could make gold oz set at 200 of the new currency.

and at the same time they can tell you that the old dollars will be accepted at par for a limited time frame !

they make the rules when a new currency comes the Amero for example

[StevenM818]

It's you that doesn't understand how fiat currency works. If it's not backed by anything, it's worthless. Look at Zimbabwe. They have trillion dollar bills that are basically worthless. Gold is what's traded for goods because it actually has real value.

[AmericanValues321]

what you say is true..but you cant really set the price for physical gold...its worth what somebody will pay for it..

[StevenM818]

The historical charts tell us gold will always hold it's value, and often increase in purchasing power. It's gone on this way for hundreds of years around the world. And I don't believe there's going to be a crash anytime soon, and certainly not in this economic environment. When I originally posted this video last March, gold was $956 an oz. Today it's @ $1,104 oz. Silver was @ $12. Today it's over $17. And both metals are coming off huge dips, opening an excellent opportunity to buy IMHO ;-)

[dave777blaster]

well they print the paper and set an arbitrary value to it do they not?

I mean a fed note isn't 3 cents

but its the value they assign it that makes gold worth 1000$ an oz

a new currency will be assigned a value and can be anything they want it to be.

[StevenM818]

No. That's not how it works. If someone buried a one thousand dollar bill in the ground 40 years ago, and next to it buried one thousand dollars worth of gold, then dug both up today, do you think they would both be worth the same? No. Not even close.

[StevenM818]

The gold retained it's value, while the one thousand dollar bill lost most of it's value due to the FED issuing promissory notes that aren't backed by anything.

[StevenM818]

$1,000.00 in 1969 had about the same buying power as $5,921.97 in 2009. Annual inflation over this period was about 4.55%

Inflation Calculator (by year)

The Changing Value of a Dollar

tinyurlDOTcom/5h38zj

[dave777blaster]

I bought 50,000 in gold and roughly 22 ,000 in silver

but if a new currency is announced im dumping it all.

confiscation is only for bullion ,buy coins.

I also bought some rare stamps which should hold the value art is another item that can hold it's value but you have to know these makets well. Obama knows full well and his team is 100%

doing exactly the right thing for whatthey want to achieve.

Which is the demise of USA to bring on the NWO

[StevenM818]

"I bought 50,000 in gold and roughly 22 ,000 in silver

but if a new currency is announced im dumping it all"

Why would you do that LOL. Read this article to learn more about the last confiscation threat:

tinyurlDOTcom/d4k3hl

There's ways to avoid it.

[dave777blaster]

The fed prints the money

if a new currency comes they set the prices trust me.

you just do not know how it works

a new currency comes out and they say gold oz equals 200 new$ that's all you need to know

[StevenM818]

I don't think YOU understand. Gold & Silver is money. What the FED prints are promissory notes, which aren't backed by anything.

[dave777blaster]

They are the FED

[StevenM818]

The FED can't determine the value of physical Gold or Silver. It comes down to supply & demand, and if the seller is willing to sell or trade it, and what the buyer is willing to pay.

[dave777blaster]

When they print the new currency they are free to set the price of both silver and gold.

and they can arbitrarily price those commodities

to what ever they like. So it is a falsehood to think

that gold can not be undermined.

Though this may or not occur it is an option they hold. Should Americans put too much money in gold and silver they will take it .

this is not to say gold and silver are not wealth

protections it is just a reminder that nothing is safe .

[StevenM818]

Who's "THEY" ?

[Nandube]

Firstly, thanks to StevenM818 for his compilation and thanks to dave777blaster his comments.

I think that dave is wrong when he says "When they print the new currency they are free to set the price of both silver and gold." They are free to set the price ONLY at the birth of the new currency and ONLY in the price of gold on that new currency. If gold is traded in that new currrency, it will inmediatly change its price in that new currency but not in any other (yens, euros...). THANKFORSHARING!!

[kulentarian]

what about gold confiscations! they did this in the great depression!! also what if the imf relaeses all their gold! it will drive its value down! and best of all! you cant eat gold!! as for the welfare safe gaurd! well thats their  plan create a welfare state too make you more dependent on govt! the bigger the govt the less freedom and more control!!!

[StevenM818]

No one was imprisoned for not turning in their gold & a lot of people didn't. And the government didn't confiscate it. They paid out $20 an ounce & then raised the value to $35. No one is saying to put all your dollars into gold and/ or silver & not stock up on food first. If you don't have paper dollars to exchange for precious metals, focus on things you'll need, like food & water, medical supplies, weapons, toilet paper etc. You want to have at least a years worth stored. Start there first.

[StevenM818]

I want to clarify that technically you could call it a "confiscation", but people were compensated when they turned in their gold, and given $20 an ounce. However, the government then devalued the dollar, causing the price of gold to rise up to $35 an ounce. There's a good article about this if people are concerned & want to learn more:

The Confiscation Threat

tinyurlDOTcom/d4k3hl

[nambypamby34]

Whats on your arm?It looks like it took hours to do..

[SAHARA1155]

Good work!!!