Peter Schiff 3/18/09 - Schiff Report Video Blog

[chrisvet1]

he knows too much. Kil him.

[Tradewithmojo]

I would suggest that politicians, such as Rep Frank and Sen Dodd, who are now yelling the loudest to start the "Return the Money" process by returning the so-called campaign contributions that they have received from the financial instituti...

[Tradewithmojo]

Peter...... thank you for taking the time.

[SteveBKNY]

Platinum

[italianchappy]

Are Americans starting to borrow again ?

In the present regime all the money in society is created as debt.

If you don't create debt you don't create money.

Until there isn't debt/borrowing going up there's no money entering the system, despite all the electronic money the FED make available to banks.

[italianchappy]

If there isn't private debt going up every attempt by companies to transfer their costs to buyers will translate in less sales and less revenues.

The present rally will reverse as soon as companies will start to show in their balance sheets the effect of unemployment, credit cards losses and people's thrifting without taking new debt.

Unless we see people starting to borrow again, flipping properties and so on. How is that probable ?

[AntandAm]

That was the final knife in the dollar Peter>>Here we go>>Better get those wheel barrels out for that loaf of bread people!