waching this December 3 2010 you wee gight they cept intest rates low hyperinflation is becomming a reality cept insted of 20$ silver its 29-30 $ and gold insted of 100 hit 1400
It's not just the federal reserve, it's not just our government, it's the moral culture of our society
We permit this to happen, we give moral justifications for it. Most people believe it's moral for the economy to be controlled, they don't care about the effects but the morality of Altruism states that you must be forced to help others and that is what most people believe
There,s no doubt in my mind the Peter Schiff is one the America's most important assets, He,s on a daily basis telling the powers that be how to sort this mess out, He saw it coming he knows every nook and cranny of the problem and most importantly he knows how to fix it !! He,s tenacious too, 5s
5:55 - if demand collapses, why would prices go through the roof? Exchange rates alone can't cause overall price inflation, because an increase in the money spent on foreign goods means a decrease in the money spent on domestic goods.
What will cause prices to go through the roof will be the "rebound" from the pumping of the money supply by the Fed, which will raise inflationary expectations and will create a classic inflationary spiral until a politician has the balls to cut the money suppy.
The U.S. has more military than the rest of the world combined. If the world doesn't want dollars the world will be bombed into taking them. Then Jesus will come.
Maybe you should research the Chinese Government's military size which is currently 6 times the size of America's 2.4 million active duty and reserve troops.
money is printed paper. its not a part of nature it's just a thing man makes up. you can just print more money if you want to and thats whats making the old school gold and silver holders angry.
they looted the gold from the ancient temples anyway so its useless now
Lenin predicted a crisis of capitalism caused by a LACK of demand. The cause of the current crisis was caused by an EXCESS of demand. Or, put another way, loose credit led to a loose economy that didn't have the taut strength to deal with the sub-prime crisis.
I think gold will go to 10,000 dollars an ounce and we will all become gold members
then the dollar will rise to be worth 30 dollars and the paper will be worthless.
the derivitves markets are fluctuating and the dow jones might reach its lowest levels since the great depression.
then all investers will see inflation coming and sell off their stocks in order to survive the global decline in oil prices. the dollar will rise and then gold will plummet
i follow you, ron paul and a few others..you would win in a landslide and put the other 2 party dictatorship (republicans & Dems) in their places..especially during the debates....PLEASE RUN IN 2012
this jew thinks that gold will go to $2000, (as much as i hope he is right cause all my money is in gold), i think he is just a sales men trying to get attention, cause its not even close
ten years makes more sense than in a couple months. I have been investing in gold since 04' and remeber when it didnt follow the dow. Now all the investment banks are investing in it thats why goldman sachs had record profits.
But with the expectation that there will be high inflation in the future, it is disturbing. All of these guys are saying that the cpi is understated, and inflation now is running at 10%. If there is higher inflation, then what is it? 12%, 14%? Who knows what they will say the inflation is, but it will mean that gold does not keep up with inflation. If inflation is 10%, gold shold be over $2000 in 7 years if it does it's job.
Just remember Schiff always pumps the benefits of dividends. But somehow in the dow/gold ratio he completely ignores them. He is selling something, and most people attach themselves to the gold/silver play, and I think they are just a bunch of scared kids.
I have seen his mutual fund. I would never put money in one because the fees are horrendus. But Schiff's timing is good after the big decline, numerically it can have decent returns in the future, and you can say that about most stocks.
I invest in gold companies, ego, gg, and kgc, and physical silver bars (which you cant buy any more). I believe you can invest in the Indexes and get similar benefits as a mutual fund.
You must remember as the discussed on South park that all jews have a bag a jew gold.
I invest in gold companies, and hong kong listed chinese companies. I buy some physical, and I think palladium is a good deal at these levels. I would buy closed end funds trading at discounts close to 20%, but I'm stuck in a short term quick money phase.
to me it looks like ng is the worst out of your three. Remembering you not investing directing in gold, rather a company that has gold, so if the company has problems the stock will to poorly no make what gold is at. I use to have GSS and it wasnt following gold so i sold it. below is a comparison chart of all of them
The last time it went above $1000 and then plummeted, I was buying a lot of it and everyone was telling me I was an idiot and stupid; that I was catching a falling knife.
I guess sometimes it pays to be stupid.
Anyway, I would not buy right now, I would wait for the next dip.
shiff is the shit........hold on to u ass baby the bubble's about to blow the house of cards is comming down better get u r guns & ammo while u still can
Peter always has so many good points and most of his economic predictions have come true! Why won't the Govornment listen? What's really going on? -TEXAS
Schiff is without a doubt a smart guy, but the idea of replacing Senators in the pockets of Wall Street with people who've worn the pants certainly makes me nervous
However, if that's what it takes to disarm the fanatics in the now defunct republican party and re-establish a political system with two pseudo-competent parties, he and Ron Paul have my vote
You would think the oil traders would use computers rather than hard cash to trade their oil. If they did use computers the impact on currency values would be neglible as they would not actually be using the paper currency and could easily move in and out of the currency of their choice.
The stock market does present a dillemma. It appears to have rallied as a result of the dollar exchange differential. What happens to the stock market when the economy strengthens and interest rates go up?
answer- The stock market will fall on a higher dollar.
I would also like to state that I am not a fan of gold as an investment. Land would be just as likely an investment opportunity. We all need it, there's a limited supply, and the population is always growing. Housing real estate makes a slightly different but similar comparison. Everything has it's highs and lows at some point the U.S. economy will rebound on exports and the dollar will likely begin a very gradual rally.
well, if the land you bought was a gold mine, it would be a much better investment. you can carry gold with you to another place. you can't do the same with a piece of land.
annica- that is a very good point, which could be countered by pointing out that gold is simply a pretty rock. The bottom line is that there really is no such thing as a safe investment. My primary concern with gold is that it has risen so much in recent years that it is becoming another bubble about to burst.
right. that is why gold is not merely an investment tool for opportunists, but a hedge against inflation. if it is a bubble and it bursts right along with everything else, i will be the first one to buy a ton of it, because then i'll be able to afford it. then i'll be ready for the next inflationary period. as far as the "pretty rock" thing goes.......
the same could be said about a car. the argument goes "you can't drive gold!" well, if the parts of your car that are made from aluminum were made from gold, your car would clearly be worth a lot more. you can't drive the plastic on the body either. we have to remember the supply, even if we're not total supply siders.
It's doubtful that everything will burst along with Gold. Many things have already burst and could rebound. Watch for this chain of events- Exports increase on weak dollar\economy improves\fed raises interest rates to fight inflation\dollar rises as investors like higher interest rates and move to dollar\gold falls as more investment opportunities become available in a recovering global economy. Will your hyper inflation take place, maybe, but probably only after the economy recovers.
i didn't say hyperinflation would happen. i don't think it will. i think, right along with peter schiff, that there will be a period of very high inflation. and i also didn't say that everything will burst. i was referring mostly to most of the things that have already burst, and that your reference to gold being a bubble may be a possibility. we can never perfectly predict how markets react and we can never predict what governments do behind closed doors to manipulate markets.
but i don't think the recovery you just described will happen at all. it is very much the keynesian way of thinking that there could possibly be a recovery in this predicament. i doubt exports will increase at all. the government is doing everything it can do to decrease production of everything, and other governments are doing everything to impose their protectionist measures against our own that we've been imposing lately.
so, with that, i will trust gold and silver's strength over anything at this point. the chinese are telling their citizens to buy them both and the dollar will not gain strength losing it's reserve status, which is happening rapidly... if you got the news today.
annica-Exports will increase as a weaker dollar makes them more attractive in foreign markets. The problem is the U.S. has been so consumed with propping up the dollar over the past several decades that the U.S. manufacturing base has been destroyed. We do export some things such as corn and entertainment products. Many other U.S. goods are made primarily for domestic consumption, but will become more attractive to export on a weaker dollar. It's basic supply/demand theory not keynesian btw.
In my humblest opinion based on fact- wall street was based on black slavery and black auctioning on black bodies. REAP WHAT YOU SOWED AMERICA!!!!! hahaha!
Our GDP is not going to collapse, it's ALREADY collapsing. I already got rid of all the "paper".
I get to travel a lot on business and 8:30-9:16 is basically what the rest of the world thinks. Of course they can't say it to us here because it will cause panic.
Gold standards don't fail. But governments that use them find out that if they stop using the gold standard, they can divert wealth to the government and to their friends by getting off the gold standard and printing money at their whim. Its a tax no one notices until prices go up and they still don't recognize whats happening. That's why gold standards don't last.
You know, any large scale natural disaster that shuts a major US financial city down will instantly make any type of currency besides food and clothing valueless.
Guy stop the "gloom and doom " talk the same was said about the British pound 8 months ago. The Pound is now on the rebound. Everything in economics is cyclical. The dollar will rebound. The key to our dominance is not the dollar but our innovation in products and technology.
Check out the video pitch of our screenplay BREAKING IN THE BOSS. It also has an out-of-place rant about using napkins to wipe your ass when you've exhausted your t.p. supply--oh the life of a deadbeat!
I kept waiting for the punchline or something wacky to happen, and it never did...
What I've been telling people for months is.......Spend whatever extra cash you can on COMMODITIES. Gas, grain, rice, beer, ammunition, whiskey, replacement parts. Think USEFUL things that have TANGIBLE value. Good Luck!
The primates are in their final deaththrows, gobbling up every last resource and parcel of land, implementing controls on every aspect of their primate civilization. Breeding. Gobbling. Denying the reality of its futility.
Parasitic industries are the power of the day.
They pray to their invented gods, almost without exception the ones of nearest proximity.
Wants become needs, the needs fuel further enslavement to their inevitable demise.
If oil no longer trades in dollars how long will it take copper to do the same if i was younger and just starting out I would move to Chile or some where like Singapore any one else have places to move to and why
I thought the demise of the dollar was just wishful thinking by our envious western europe allies......and for the most part it was. However......with Odumba in office......I am beginning to reconsider.......He may stimulate the dollar into subservience.
well, this isnt my thing, but from watching this guys facial expressions, body language and vocal intonation, it seems like he is an honest guy, and is simply telling you things that are true. im not sure, as this is not my area of expertise. but he seems honest, so good vid. check out my rants, im very good, for an alternative point of view
The dollar will rise soon again, China's economy is worst than ours as is Russia's and a majority of other countries. Prices rose last year, remember gas was $3.88? That came it MIGHT come again but I'm sure we can weather it as we did a year ago.
I'm glad I know how to survive in the local wilds. Forests and coast depending on where I end up. Need to learn more about the desert, thats probably the best place to hide from the rest of the people.
Good idea! My brother and i are prepared for the worst. we have been learning Urban and wilderness survival technics, how to grow our own food, what to store and save for emergencies and how to get power from nothing! Its good to know even if our Dollar becomes mighty again, But I highly doubt it!
If the infrastructure fails, which is likely if the dollar is worthless. The only way to survive is outside the cities. You don't have to leave right away, but you take less risks from being assaulted by other people. The wilderness in america is not at it's best either, You would have to travel north to canada for a habitat that can sustain human life longer than a month. There is a reason the native americans were nomadic. (and on a 90% meat diet.)
there would be a massive diaspora and thus being light footed would be a very popular idea--like going to see the movie jaws. Everybody will be running to the hils--including unprepared masses of ignorant jackasses who will decide to use anyone within reach as a private commisary. Emergencies are not static events. They are dynamic and the coming emergecy will be filled with a collective consciousness fueled by fear and lack of leadership. They will go were they are told and do what the govt con
I am safer then most as long as government or Propriety Taxes don't rob me I have a nice size farm and grow most my food garden and raise a beef to butcher ever year and have some oil wells and some gold silver & copper put back just in case
I envy you. I am saving money to buy land in canada to raise animals. I have a dual citizenship through a weird loophole in canadian law that claims me a citizen until I am 28 years old. Until then Im making a living in america, but I have to say the living is not so great down here.
I completely agree with this guy! I also think Gold and Silver will Crash also! All money will be worthless, we came into this world with nothing and we leave with nothing
Who is funding all the FEMA camps that are going up around the country, & new jails in small communities that can hold over 500 people with room for 500 more if required. & who paid for 25000 guillotines for the USA. I didn't know you guys executed that many in a century. The Bible says we will be beheaded for not taking the 'mark of the beast'. Could this be the 'CHIP" they are trying to 'fear' everyone into taking. The conspiracy began with the FED. RES. God Bless!!
I think the gold and silver markets will crash and food and water will become the new standard of wealth. You can't eat precious metals and as the elite move away from fossil fuels to lower life expectancies and populations, you'll see food and water used to conquer the world
The global economy is not about wealth, its about control and money is of little value if you can't exchange it for food.
I agree!! They are going to herd people into depopulation now. The HARPP Project is creating disasters all over the world & thousands are dying. They have cut water off to one of the top producing agicultural areas in California & turned it into deserts displacing & creating unemployment 4 those people. Global warming is a farce. Those ice caps are as old as the flood of Noah, so they are melting at a very normal rate, but they will use that to put fear in people. God Bless!!
let's destroy all the liberals in washington becuz all they do is defy god and spend my money. i dont want my taxes paying for abortons and 'science books' that brainwash our childrin
You telling your child that there is some kind of smurf living in heaven...That´s brainwashing...
Spending money on churches and other silly things connected with religion... well that´s just stupid....Oh I did not see that your name was :Idontwannaknowthinkorquestionanything
I am positive that Peter Schiff is right. I think this collapse is orchestrated. What I think is going to happen when the dollar is near collapse, just before the hyper-inflation starts. The Fed or Gov. will come out and tell us that we need a new currency because our dollar even though they did everything they could is dead. They will try to tie us to a multi-national currency. Amero maybe? It is all a step to one a World Facist Government.
Hey Sam, Don't let the trolls make you run after the bones they throw. He's demonstrated how ignorant and stupid he is just by his comments. You have to pity his stupidity.
Haven't any of you people woke up yet ? It's not the money everyone one is after , it's the land , If you look around at other countrys you'll see that they are over pop. people are living on top of each other or needing land for growing food . Hard to take peoples land & homes , but if you get them in debet they have no choice but give it up. Federal Resever owns the 13 main banks around the world , & in that thought that own the world . So hind your piggy banks , Mr Peter is telling truth. lol
If you take the world's population and put them all inthe state of texas, each individual would have 1,100 square feet of living space. your agrument that there isn't enough land does not pan out.
Question is who or what will the government tax or confiscate when there is no income or capital gains to tax like before, because their spending has grown faster than even potential income tax revenues should the economy fully recover. Because if the dollar collapses, and no foreign country will take on US debt/treasuries, or US dollars, where will this government get money to operate and pay all it's politicians, bureaucrats, soldiers, laborers, etc.? Will they finally feel our pain?
Ugh we should just either all go back to using gold and silver or go on a universal credit system so everyone can shut the fuck up and stop complaining.
It seems like Europac is having a great year. I feel bad for people who bailed becasue it had a rough time in 2008. Schiff's decisions are for the long term, and they seem to be correct.
The stock market does not go up to reflect a weaker dollar. Their earning are still in dollars, so the P/E ratio is the same no matter what the exchange rate. Thailand's currency dropped 30% in 1997. Did it's stock market rally? No. The idea is absurd.
What he means is the more money supply push stock market higher. When more cheap money supply flood the economy, those money will push up stock, real estate and anything else, may be except bond if inflation outpace the yield.
I would only mildly disagree with some of your forecasts because I think you are over simplifying the rationale behind the dollar reserves and the popularity of asian made goods.
Peter, mayeb you want to consider not repeating yourself too much with the finance economic talk. Now you are talking to common folk not only finance community. You need to make it simple and punchy. You and I can think it is superficial and pretentious but thats the way the cookie crumbles. It may help to bring up some local issues. Voters in Con. are waiting for that after Dodd's ignorance...
Hyperinflation would be great for the US. Actually, if you look closely enough, after the 1970s, early 80s inflation finally ended we had the biggest bull market ever. Why? Because foreign goods became to expensive to buy. What did the US do? We began making our own shit again. Poof. All better.
To say that hyperinflation would be good for us is such an uneducated statement that I'm not even going to bother arguing it, take a look at Germany and how bad it did during hyperinflation.
I agree with zetsway (and your score). Our situation just isn't that simple.
The 70's and its 14% annual inflation rate is hardly analogous enough with HYPERinflation to laugh it off as some kind of monetary band-aid. Calling that logic "uneducated" can only put it mildly. Secondly, you neglect the national debt trend: which was more manageable 40 years ago than today. And third, you overlook the dollars' growing mis-management and global dissatisfaction toward our reserve currency status.
The 'Demise of the Dollar' was the FRONT PAGE of the print version of The Independent. And took the entire page, with a huge broken dollar under the headline spanning the width of the page.
Just to clarify it wasn't some random article tucked away.
I agree with most of this; but if the US dollar falls-- our exports will rise. People here will still want to consume; and producers here will rise up to meet this demand.
We may get some growth among US producers. Also; there are plenty of other 3rd world countries we can have produce our crap. Vietnam is a big one now; but there is a lot of third world nations left to "exploit" and would jump at the chance.
Problem is energy; he is spot on about US dollars buying energy cheaply.
we ALREADY lost our manufacture jobs overseas, rebuilding our factories doesn't happen overnight. ON TOP OF THAT, the regulation and taxes are killing our industries, that's part of the reason why the jobs moved overseas and regulations.. as even an economic illiterate would know.. takes a very long time to be repealed. please, spare those quotes from failed economists who can't make money in ways other than writing textbook for community colleges.
Yes; we lost manufacturing jobs; but we still are the most productive nation on the planet. Efficiency has gone way up and that had driven jobs down. Even China is loosing manufacturing workers due to efficiency.
Your right; we can't change course overnight; but I am confident that American entrepreneurs will be able to fill the void by changing economic valuations.
Spot on about regulation and taxes; that could really kill any turn around towards being a producer once again.
I agree; the UN is a joke-- but even with all their anti-US bias they still claim we are the most productive nation on earth.
Who cares where clothes are made? That is an industry we could rebuild VERY quickly if need be. We still make tons of food, white goods, heavy industry, etc.
I am a capitalist- so I am looking for industries which have gone away due to a strong dollar and may come back due to a weak one. Peter is right; this shit is happening-- but how do we PROFIT from it?
Industry wont come back because of a weak dollar, that's actually more reason not to do business here. I wasn't talking about their US bias when I called the UN a joke. The UN also says cuba has better health care then we do, their facts are heavily distorted. The fact that probably 95+% of everything you buy is made from china should tell you whos the number one producer.
wpiman - this is an excellent example of the inherent moral flaw in the thinking of many capitalists. Our country is in crisis on so many levels and profiteering is at the forefront of your mind? Your statements below that "there are plenty of 3rd world countries we can have produce our crap and that there are a lot of third world nations left to exploit" are even more irresponsible and reprehensible. However, I agree that the U.N. is a joke.
When I say exploit; you left out the most important part "they would jump at the chance" to be exploited. It is like if a victoria secret model wanted to exploit me-- I'd be happy to do so. All voluntary.
There is only one problem with your comment. We hardly produce anything compared to what we used to, and our production of goods will continue to fall as obama raises taxes on anything he can. Other countries wont want to do business here if they're taxed out their ass.
Stock market rallied because of jobs data (up 50 bps) fueling ad heavy stocks and providers of personal finance. An unexpected interest rate rise NEVER results in a market upswing. Fool
Now that the Iranian International Petroleum Exchange (IIPE) is selling it's oil for the Euro rather than the dollar other countries don't need to invest in the dollar anymore. I think it's possible the government will attempt to wage war with Iran in order to end the IIPE, but I doubt it will happen because even our allies would love to get out of the dollar system and the IIPE seems to be an exit.
The only economist we can trust now is Peter Schiff and this is proven by his amazing tract record, but even without looking at his tract record, you can clearly see the man is speaking truth, and probably the only other person we can trust is Max Keiser, keep on bringing the truth Peter dont ever stop. God Bless!!!
Hey everyone! I made a new social networking site for everyone! Registration is free, and signing up is easy! I hope you join! Thank you and take care! Bye!
Peter man, youve been saying the sky is falling for years and years stretching back to your days with that blowhard Kudlow.
Your points and facts are all on point but no one cares about reality, the market trades mainly on perception. When reality outweighs perception, then we have these crashes. Remember, its the banks who create these crashes. They control the psychology. Otherwise, Peter you are the man!
This has been flagged as spam show
SchiffReport my msn in profile! Demise of the Dollar
sexykatie90 1 year ago
waching this December 3 2010 you wee gight they cept intest rates low hyperinflation is becomming a reality cept insted of 20$ silver its 29-30 $ and gold insted of 100 hit 1400
hope you took your own advice o_o
m1o2r3i4o5n 1 year ago
We need to print our own money and kick the federal reserve out
cruzrob72 1 year ago
The Federal Reserve is evil. Enough said.
Isreal4realz 2 years ago 4
sorry I disagree
It's not just the federal reserve, it's not just our government, it's the moral culture of our society
We permit this to happen, we give moral justifications for it. Most people believe it's moral for the economy to be controlled, they don't care about the effects but the morality of Altruism states that you must be forced to help others and that is what most people believe
Sam26100 2 years ago
Peter why do you buy Yen isn't japan in a lot of fiscal trouble as well??
The have govt debt over 218% of GDP, isn't the Yen in for some trouble?
fox20012 2 years ago
had to be a white ass to make that comment well since you want to go there they got exactly wht they deserve dont u think...
egina2222 2 years ago
This has been flagged as spam show
i am really lonely any guys want to join me on my cam?
SexxyyAmber88 2 years ago
Those who would give up monetary soundness to purchase a little temporary credit, deserve neither soundness nor credibility.
loosely based on a quote by Benjamin Franklin
!SPREAD THE WORD!
joeseth05 2 years ago 2
There,s no doubt in my mind the Peter Schiff is one the America's most important assets, He,s on a daily basis telling the powers that be how to sort this mess out, He saw it coming he knows every nook and cranny of the problem and most importantly he knows how to fix it !! He,s tenacious too, 5s
FlyingFox1971 2 years ago
Thanks for infor. Flyguy01 , I really didn't know , keep up the good detect work
AngelAsmodeus 2 years ago
5:55 - if demand collapses, why would prices go through the roof? Exchange rates alone can't cause overall price inflation, because an increase in the money spent on foreign goods means a decrease in the money spent on domestic goods.
What will cause prices to go through the roof will be the "rebound" from the pumping of the money supply by the Fed, which will raise inflationary expectations and will create a classic inflationary spiral until a politician has the balls to cut the money suppy.
Myndir 2 years ago
What if we become Capitalists and set the bar for free trade. That would be crazy!!! I wonder if it's possible. Anti-Capitalism is EVERYWHERE!!!!
66chevyo 2 years ago
The U.S. has more military than the rest of the world combined. If the world doesn't want dollars the world will be bombed into taking them. Then Jesus will come.
chikdada 2 years ago
Maybe you should research the Chinese Government's military size which is currently 6 times the size of America's 2.4 million active duty and reserve troops.
kurtharris21 2 years ago
money is printed paper. its not a part of nature it's just a thing man makes up. you can just print more money if you want to and thats whats making the old school gold and silver holders angry.
they looted the gold from the ancient temples anyway so its useless now
gone2cast 2 years ago
Lenin predicted it =(
platdrac 2 years ago
Lenin predicted a crisis of capitalism caused by a LACK of demand. The cause of the current crisis was caused by an EXCESS of demand. Or, put another way, loose credit led to a loose economy that didn't have the taut strength to deal with the sub-prime crisis.
Myndir 2 years ago
there is a lack of demand for what little american made products we have...so yes im right
platdrac 2 years ago
I think gold will go to 10,000 dollars an ounce and we will all become gold members
then the dollar will rise to be worth 30 dollars and the paper will be worthless.
the derivitves markets are fluctuating and the dow jones might reach its lowest levels since the great depression.
then all investers will see inflation coming and sell off their stocks in order to survive the global decline in oil prices. the dollar will rise and then gold will plummet
LookAtTheWookie 2 years ago
rhodium is the only metal ever to come close to 10,000. Never the less, if gold goes to 10,000 everything is going to cost ten times as much.
hatersfate2 2 years ago
what happens when gold becomes 20,000 dollars an ounce.
will the dollar still be able to buy me something off the wendys value meal?
LookAtTheWookie 2 years ago
yes because the wendys value meal will start selling products for $20, not all wendy's value meal items are a dollar
hatersfate2 2 years ago
all the tasty items are 99 cents
LookAtTheWookie 2 years ago
the chicken nuggets are 1.19 i believe now
hatersfate2 2 years ago
Yeh but if you are feeling sassy you can splurge on a bake potato with sour cream
for about 2.50 I know its living it up
LookAtTheWookie 2 years ago
Valerie Bertinelli thinks Tony Romo sucks
TLC is taking Jon to court
Some stupid kid was not in a balloon, but was instead found safe in his attic.
And this just in: The United States is FUCKED!
edvhou812 2 years ago
vallerie still loves eddie
LookAtTheWookie 2 years ago
good explanation you could be a professor no problem
joecarter2727 2 years ago
or you have to ask the question why there are very few ph.d billionaires.
hatersfate2 2 years ago
i follow you, ron paul and a few others..you would win in a landslide and put the other 2 party dictatorship (republicans & Dems) in their places..especially during the debates....PLEASE RUN IN 2012
SCHIFF/PAUL 2012
thebarnboy 2 years ago
this jew thinks that gold will go to $2000, (as much as i hope he is right cause all my money is in gold), i think he is just a sales men trying to get attention, cause its not even close
hatersfate2 2 years ago
rogers said gold might go to $2000 an ounce in 10 years. he expects high inflation too. i don't know what to make of it
panther9mm 2 years ago
ten years makes more sense than in a couple months. I have been investing in gold since 04' and remeber when it didnt follow the dow. Now all the investment banks are investing in it thats why goldman sachs had record profits.
hatersfate2 2 years ago
But with the expectation that there will be high inflation in the future, it is disturbing. All of these guys are saying that the cpi is understated, and inflation now is running at 10%. If there is higher inflation, then what is it? 12%, 14%? Who knows what they will say the inflation is, but it will mean that gold does not keep up with inflation. If inflation is 10%, gold shold be over $2000 in 7 years if it does it's job.
panther9mm 2 years ago
Just remember Schiff always pumps the benefits of dividends. But somehow in the dow/gold ratio he completely ignores them. He is selling something, and most people attach themselves to the gold/silver play, and I think they are just a bunch of scared kids.
I have seen his mutual fund. I would never put money in one because the fees are horrendus. But Schiff's timing is good after the big decline, numerically it can have decent returns in the future, and you can say that about most stocks.
panther9mm 2 years ago
I invest in gold companies, ego, gg, and kgc, and physical silver bars (which you cant buy any more). I believe you can invest in the Indexes and get similar benefits as a mutual fund.
You must remember as the discussed on South park that all jews have a bag a jew gold.
hatersfate2 2 years ago
I invest in gold companies, and hong kong listed chinese companies. I buy some physical, and I think palladium is a good deal at these levels. I would buy closed end funds trading at discounts close to 20%, but I'm stuck in a short term quick money phase.
panther9mm 2 years ago
I have some NG, GBG, and GRZ. GBG sucks.
panther9mm 2 years ago
to me
hatersfate2 2 years ago
to me it looks like ng is the worst out of your three. Remembering you not investing directing in gold, rather a company that has gold, so if the company has problems the stock will to poorly no make what gold is at. I use to have GSS and it wasnt following gold so i sold it. below is a comparison chart of all of them
hatersfate2 2 years ago
Obama Sucks! Ron Paul 2012!!!
w6p7a 2 years ago
Shiff u must run 4 da prez.
dakota7609 2 years ago
I would NOT purchase gold or silver at this entry price.......it is a suckers bet
Jacobrester 2 years ago
Yeah, it was a suckers bet when it was at $800 too.
jjenson2006 2 years ago
Something tells me you were not buying gold at $600.......butt by all means.......buy it up at $1075.....
Jacobrester 2 years ago
I've been buying it since it was in the $600's.
jjenson2006 2 years ago
The last time it went above $1000 and then plummeted, I was buying a lot of it and everyone was telling me I was an idiot and stupid; that I was catching a falling knife.
I guess sometimes it pays to be stupid.
Anyway, I would not buy right now, I would wait for the next dip.
jjenson2006 2 years ago
This has been flagged as spam show
Rush Limbaugh for president 2012
TheNewVideo 2 years ago
shiff is the shit........hold on to u ass baby the bubble's about to blow the house of cards is comming down better get u r guns & ammo while u still can
jonniebakstix 2 years ago
Peter always has so many good points and most of his economic predictions have come true! Why won't the Govornment listen? What's really going on? -TEXAS
Faztlan 2 years ago
Schiff is without a doubt a smart guy, but the idea of replacing Senators in the pockets of Wall Street with people who've worn the pants certainly makes me nervous
However, if that's what it takes to disarm the fanatics in the now defunct republican party and re-establish a political system with two pseudo-competent parties, he and Ron Paul have my vote
manonthemount 2 years ago
You would think the oil traders would use computers rather than hard cash to trade their oil. If they did use computers the impact on currency values would be neglible as they would not actually be using the paper currency and could easily move in and out of the currency of their choice.
The stock market does present a dillemma. It appears to have rallied as a result of the dollar exchange differential. What happens to the stock market when the economy strengthens and interest rates go up?
thoughtchallenge 2 years ago
answer- The stock market will fall on a higher dollar.
I would also like to state that I am not a fan of gold as an investment. Land would be just as likely an investment opportunity. We all need it, there's a limited supply, and the population is always growing. Housing real estate makes a slightly different but similar comparison. Everything has it's highs and lows at some point the U.S. economy will rebound on exports and the dollar will likely begin a very gradual rally.
thoughtchallenge 2 years ago
well, if the land you bought was a gold mine, it would be a much better investment. you can carry gold with you to another place. you can't do the same with a piece of land.
annica570 2 years ago
annica- that is a very good point, which could be countered by pointing out that gold is simply a pretty rock. The bottom line is that there really is no such thing as a safe investment. My primary concern with gold is that it has risen so much in recent years that it is becoming another bubble about to burst.
thoughtchallenge 2 years ago
right. that is why gold is not merely an investment tool for opportunists, but a hedge against inflation. if it is a bubble and it bursts right along with everything else, i will be the first one to buy a ton of it, because then i'll be able to afford it. then i'll be ready for the next inflationary period. as far as the "pretty rock" thing goes.......
annica570 2 years ago
the same could be said about a car. the argument goes "you can't drive gold!" well, if the parts of your car that are made from aluminum were made from gold, your car would clearly be worth a lot more. you can't drive the plastic on the body either. we have to remember the supply, even if we're not total supply siders.
annica570 2 years ago
It's doubtful that everything will burst along with Gold. Many things have already burst and could rebound. Watch for this chain of events- Exports increase on weak dollar\economy improves\fed raises interest rates to fight inflation\dollar rises as investors like higher interest rates and move to dollar\gold falls as more investment opportunities become available in a recovering global economy. Will your hyper inflation take place, maybe, but probably only after the economy recovers.
thoughtchallenge 2 years ago
i didn't say hyperinflation would happen. i don't think it will. i think, right along with peter schiff, that there will be a period of very high inflation. and i also didn't say that everything will burst. i was referring mostly to most of the things that have already burst, and that your reference to gold being a bubble may be a possibility. we can never perfectly predict how markets react and we can never predict what governments do behind closed doors to manipulate markets.
annica570 2 years ago
but i don't think the recovery you just described will happen at all. it is very much the keynesian way of thinking that there could possibly be a recovery in this predicament. i doubt exports will increase at all. the government is doing everything it can do to decrease production of everything, and other governments are doing everything to impose their protectionist measures against our own that we've been imposing lately.
annica570 2 years ago
so, with that, i will trust gold and silver's strength over anything at this point. the chinese are telling their citizens to buy them both and the dollar will not gain strength losing it's reserve status, which is happening rapidly... if you got the news today.
annica570 2 years ago
annica-Exports will increase as a weaker dollar makes them more attractive in foreign markets. The problem is the U.S. has been so consumed with propping up the dollar over the past several decades that the U.S. manufacturing base has been destroyed. We do export some things such as corn and entertainment products. Many other U.S. goods are made primarily for domestic consumption, but will become more attractive to export on a weaker dollar. It's basic supply/demand theory not keynesian btw.
thoughtchallenge 2 years ago
Schiff was right again.
Hey Peter, get into your campaign mode you have a Senate seat to win.
airborne373 2 years ago
In my humblest opinion based on fact- wall street was based on black slavery and black auctioning on black bodies. REAP WHAT YOU SOWED AMERICA!!!!! hahaha!
rdatlasmbrd 2 years ago
the stock market was based on selling animals... thats why it is called the stock market... you are in my humblest opinion... an idiot
shadowmorman 2 years ago
nope not an idiot sorry to disappoint you. They treated people like animals that's the reason why they called it the stock market. Do your research!
rdatlasmbrd 2 years ago
I Can't wait until we get rid this monster known as the federal reserve
they and the rest of the nwo filths are puppets.
they don't care about americans at all, it's all about themselves!
jmjfanss 2 years ago
harrison ford? !
SlabbitVideos3 2 years ago
Our GDP is not going to collapse, it's ALREADY collapsing. I already got rid of all the "paper".
I get to travel a lot on business and 8:30-9:16 is basically what the rest of the world thinks. Of course they can't say it to us here because it will cause panic.
sinsandvirtues 2 years ago
Go Canada!!!!
smasila 2 years ago
Gold standards don't fail. But governments that use them find out that if they stop using the gold standard, they can divert wealth to the government and to their friends by getting off the gold standard and printing money at their whim. Its a tax no one notices until prices go up and they still don't recognize whats happening. That's why gold standards don't last.
bluuterra 2 years ago
If they didn't fail, then we would still have one today. You have to be your own central banker with your own physical gold reserves.
panther9mm 2 years ago
Can you eat gold?
You know, any large scale natural disaster that shuts a major US financial city down will instantly make any type of currency besides food and clothing valueless.
loonmaniac 2 years ago
If you question Peter Schiff, you will lose. Peter Schiff was right, and will always be right. The video will come out soon. Just wait.
panther9mm 2 years ago
Guy stop the "gloom and doom " talk the same was said about the British pound 8 months ago. The Pound is now on the rebound. Everything in economics is cyclical. The dollar will rebound. The key to our dominance is not the dollar but our innovation in products and technology.
A weak dollar will help our exports.
SittingBullswar 2 years ago
Check out the video pitch of our screenplay BREAKING IN THE BOSS. It also has an out-of-place rant about using napkins to wipe your ass when you've exhausted your t.p. supply--oh the life of a deadbeat!
I kept waiting for the punchline or something wacky to happen, and it never did...
asetofworks 2 years ago
What I've been telling people for months is.......Spend whatever extra cash you can on COMMODITIES. Gas, grain, rice, beer, ammunition, whiskey, replacement parts. Think USEFUL things that have TANGIBLE value. Good Luck!
devenportal 2 years ago
The primates are in their final deaththrows, gobbling up every last resource and parcel of land, implementing controls on every aspect of their primate civilization. Breeding. Gobbling. Denying the reality of its futility.
Parasitic industries are the power of the day.
They pray to their invented gods, almost without exception the ones of nearest proximity.
Wants become needs, the needs fuel further enslavement to their inevitable demise.
As it all falls though, they will adapt.
johnq123123 2 years ago
pretty good!
bitchcreekz1 2 years ago
If oil no longer trades in dollars how long will it take copper to do the same if i was younger and just starting out I would move to Chile or some where like Singapore any one else have places to move to and why
bilpayne 2 years ago
Watch/Comment Anti Rickrolling Video
mrjsx13 2 years ago
I thought the demise of the dollar was just wishful thinking by our envious western europe allies......and for the most part it was. However......with Odumba in office......I am beginning to reconsider.......He may stimulate the dollar into subservience.
Jacobrester 2 years ago
well, this isnt my thing, but from watching this guys facial expressions, body language and vocal intonation, it seems like he is an honest guy, and is simply telling you things that are true. im not sure, as this is not my area of expertise. but he seems honest, so good vid. check out my rants, im very good, for an alternative point of view
EdenTheoryRocks 2 years ago
The dollar will rise soon again, China's economy is worst than ours as is Russia's and a majority of other countries. Prices rose last year, remember gas was $3.88? That came it MIGHT come again but I'm sure we can weather it as we did a year ago.
Super8StrikesBack 2 years ago
I'm glad I know how to survive in the local wilds. Forests and coast depending on where I end up. Need to learn more about the desert, thats probably the best place to hide from the rest of the people.
MrDylaneric 2 years ago
Good idea! My brother and i are prepared for the worst. we have been learning Urban and wilderness survival technics, how to grow our own food, what to store and save for emergencies and how to get power from nothing! Its good to know even if our Dollar becomes mighty again, But I highly doubt it!
1stGenGamers 2 years ago
If the infrastructure fails, which is likely if the dollar is worthless. The only way to survive is outside the cities. You don't have to leave right away, but you take less risks from being assaulted by other people. The wilderness in america is not at it's best either, You would have to travel north to canada for a habitat that can sustain human life longer than a month. There is a reason the native americans were nomadic. (and on a 90% meat diet.)
California is the worst of all.
MrDylaneric 2 years ago
there would be a massive diaspora and thus being light footed would be a very popular idea--like going to see the movie jaws. Everybody will be running to the hils--including unprepared masses of ignorant jackasses who will decide to use anyone within reach as a private commisary. Emergencies are not static events. They are dynamic and the coming emergecy will be filled with a collective consciousness fueled by fear and lack of leadership. They will go were they are told and do what the govt con
bitchcreekz1 2 years ago
I am safer then most as long as government or Propriety Taxes don't rob me I have a nice size farm and grow most my food garden and raise a beef to butcher ever year and have some oil wells and some gold silver & copper put back just in case
bilpayne 2 years ago
I envy you. I am saving money to buy land in canada to raise animals. I have a dual citizenship through a weird loophole in canadian law that claims me a citizen until I am 28 years old. Until then Im making a living in america, but I have to say the living is not so great down here.
MrDylaneric 2 years ago
I completely agree with this guy! I also think Gold and Silver will Crash also! All money will be worthless, we came into this world with nothing and we leave with nothing
1stGenGamers 2 years ago
Stock up on food, guns and ammo.
fortsmith1 2 years ago
I dont like this Jew
LookAtTheWookie 2 years ago
who cares if the dollar is weak or strong?
Its always still a dollar
LookAtTheWookie 2 years ago
Hyperinflation Nation 2/3 Zimbabwe check it out!!!!
Akillesblood 2 years ago
Such a vast improvement in video quality... now we just need to get Senator Schiff a good mic!
mooseythejuiceman 2 years ago
what happens if Jed clampid go's a shooting fore some food and hits some gold.a hole lot of gold.will that bring down the price of gold?.
SunSin1000 2 years ago
Who is funding all the FEMA camps that are going up around the country, & new jails in small communities that can hold over 500 people with room for 500 more if required. & who paid for 25000 guillotines for the USA. I didn't know you guys executed that many in a century. The Bible says we will be beheaded for not taking the 'mark of the beast'. Could this be the 'CHIP" they are trying to 'fear' everyone into taking. The conspiracy began with the FED. RES. God Bless!!
wayinoutreach 2 years ago
I think the gold and silver markets will crash and food and water will become the new standard of wealth. You can't eat precious metals and as the elite move away from fossil fuels to lower life expectancies and populations, you'll see food and water used to conquer the world
The global economy is not about wealth, its about control and money is of little value if you can't exchange it for food.
Spurgeon123 2 years ago
I agree!! They are going to herd people into depopulation now. The HARPP Project is creating disasters all over the world & thousands are dying. They have cut water off to one of the top producing agicultural areas in California & turned it into deserts displacing & creating unemployment 4 those people. Global warming is a farce. Those ice caps are as old as the flood of Noah, so they are melting at a very normal rate, but they will use that to put fear in people. God Bless!!
wayinoutreach 2 years ago
I think gold will crash along with food and the dollar.
I think my your shit will become the new standard of currency since you are so full of it.
LookAtTheWookie 2 years ago
Thanks, If I had know that I wouldnt have flushed it
Spurgeon123 2 years ago
Kike.
NiseArutena 2 years ago
Strong dollar= high purchasing power... $1= loaf of bread
Weak dollar = low purchasing power... $1= a slice of bread
It is a matter of life and death. This is not fantasy this is historically proven.
ulgrum 2 years ago
GOD bless u pete
let's destroy all the liberals in washington becuz all they do is defy god and spend my money. i dont want my taxes paying for abortons and 'science books' that brainwash our childrin
Impervious2Logic 2 years ago
I was going to say something, but then I read your name... nice one sir.
I should try that sometime, I bet it's fun.
Dirkzero1 2 years ago
You telling your child that there is some kind of smurf living in heaven...That´s brainwashing...
Spending money on churches and other silly things connected with religion... well that´s just stupid....Oh I did not see that your name was :Idontwannaknowthinkorquestionanything
Sorry, and here is my deepfelt sympathy :-)
mickeyrookie 2 years ago
This has been flagged as spam show
if you like jackass, you'll love my video. check out my channel!
RonJamesProductions 2 years ago
I'd go with the strong dollar.... oh well.
themobbosskilla 2 years ago
This has been flagged as spam show
Weak Dollar
Strong Dollar
who gives a shit its still a fucking dollar
LookAtTheWookie 2 years ago
Yeah people getting economically raped is not a big deal.. ^-^
dleksen 2 years ago
There are more truths to your words than most politicians have.
sparxDjay 2 years ago
you dont need to tell us ur name cuz ur so popular. u need to get ur ass beat pussy
jdbankhead 2 years ago
asdfadfs
Quadio1 2 years ago
Isnt the youtube community lovely with its argueing?
PeaceAndChristianity 2 years ago
I am positive that Peter Schiff is right. I think this collapse is orchestrated. What I think is going to happen when the dollar is near collapse, just before the hyper-inflation starts. The Fed or Gov. will come out and tell us that we need a new currency because our dollar even though they did everything they could is dead. They will try to tie us to a multi-national currency. Amero maybe? It is all a step to one a World Facist Government.
SamualACarver 2 years ago
Hey Sam, Don't let the trolls make you run after the bones they throw. He's demonstrated how ignorant and stupid he is just by his comments. You have to pity his stupidity.
Skyfaller2010 2 years ago
So damn true!!!!!
wilderwun211 2 years ago
Well this is hearsay, but the "global currency" may be 50% gold. I doubt it, but perhaps it wouldn't be a total consolidation of power that way.
PumpkinJoe999 2 years ago
One world currency consolidates power to one world leader. Thats a bad thing.
EMPIRE0FLIES 2 years ago
Only direction it can go, is a one world
currency and that won't be a bad thing.
golfdu222 2 years ago
Comment removed
vigo894 2 years ago
I'm searching for a developer.
RemoteTechnology2012 2 years ago
Haven't any of you people woke up yet ? It's not the money everyone one is after , it's the land , If you look around at other countrys you'll see that they are over pop. people are living on top of each other or needing land for growing food . Hard to take peoples land & homes , but if you get them in debet they have no choice but give it up. Federal Resever owns the 13 main banks around the world , & in that thought that own the world . So hind your piggy banks , Mr Peter is telling truth. lol
AngelAsmodeus 2 years ago
If you take the world's population and put them all inthe state of texas, each individual would have 1,100 square feet of living space. your agrument that there isn't enough land does not pan out.
FYIGuy01 2 years ago
Question is who or what will the government tax or confiscate when there is no income or capital gains to tax like before, because their spending has grown faster than even potential income tax revenues should the economy fully recover. Because if the dollar collapses, and no foreign country will take on US debt/treasuries, or US dollars, where will this government get money to operate and pay all it's politicians, bureaucrats, soldiers, laborers, etc.? Will they finally feel our pain?
LinnTractorNut 2 years ago
AYA HIRANO
SuzumiyaHaruhi0 2 years ago
Ugh we should just either all go back to using gold and silver or go on a universal credit system so everyone can shut the fuck up and stop complaining.
SpyderR0de0 2 years ago
It seems like Europac is having a great year. I feel bad for people who bailed becasue it had a rough time in 2008. Schiff's decisions are for the long term, and they seem to be correct.
hurryingfred 2 years ago
The stock market does not go up to reflect a weaker dollar. Their earning are still in dollars, so the P/E ratio is the same no matter what the exchange rate. Thailand's currency dropped 30% in 1997. Did it's stock market rally? No. The idea is absurd.
codediporpal 2 years ago
What he means is the more money supply push stock market higher. When more cheap money supply flood the economy, those money will push up stock, real estate and anything else, may be except bond if inflation outpace the yield.
JoeJoeJoeCheung 2 years ago
Thank dr doom!
MrSyntha6 2 years ago
I would only mildly disagree with some of your forecasts because I think you are over simplifying the rationale behind the dollar reserves and the popularity of asian made goods.
ulbrandt 2 years ago
hEY YOU ARE SOO BORING!
But you got a good message, if you want to get it out make it flashier. i agree but f-ing stop making me want to sleep.
nutcheck3 2 years ago
Peter, mayeb you want to consider not repeating yourself too much with the finance economic talk. Now you are talking to common folk not only finance community. You need to make it simple and punchy. You and I can think it is superficial and pretentious but thats the way the cookie crumbles. It may help to bring up some local issues. Voters in Con. are waiting for that after Dodd's ignorance...
opetr198336 2 years ago
Hyperinflation would be great for the US. Actually, if you look closely enough, after the 1970s, early 80s inflation finally ended we had the biggest bull market ever. Why? Because foreign goods became to expensive to buy. What did the US do? We began making our own shit again. Poof. All better.
1dgg9h4dr6ppp8 2 years ago
To say that hyperinflation would be good for us is such an uneducated statement that I'm not even going to bother arguing it, take a look at Germany and how bad it did during hyperinflation.
zetsway5000 2 years ago 3
I agree with zetsway (and your score). Our situation just isn't that simple.
The 70's and its 14% annual inflation rate is hardly analogous enough with HYPERinflation to laugh it off as some kind of monetary band-aid. Calling that logic "uneducated" can only put it mildly. Secondly, you neglect the national debt trend: which was more manageable 40 years ago than today. And third, you overlook the dollars' growing mis-management and global dissatisfaction toward our reserve currency status.
DigiTan000 2 years ago
Comment removed
Leadwerks 2 years ago 2
no. are you idiot?
tommy6238 2 years ago
Designed in USA,
made/manufactured/assembled carefully/
produced under supervision of bla bla in china
For once I would like to buy something worth buying thats actually designed and made in usa
bauketek777 2 years ago
Amen to that
FYIGuy01 2 years ago
The 'Demise of the Dollar' was the FRONT PAGE of the print version of The Independent. And took the entire page, with a huge broken dollar under the headline spanning the width of the page.
Just to clarify it wasn't some random article tucked away.
IAmHilarious 2 years ago
Obama + congress need to listen up.
remeber2things 2 years ago
I agree with most of this; but if the US dollar falls-- our exports will rise. People here will still want to consume; and producers here will rise up to meet this demand.
We may get some growth among US producers. Also; there are plenty of other 3rd world countries we can have produce our crap. Vietnam is a big one now; but there is a lot of third world nations left to "exploit" and would jump at the chance.
Problem is energy; he is spot on about US dollars buying energy cheaply.
wpiman 2 years ago
we ALREADY lost our manufacture jobs overseas, rebuilding our factories doesn't happen overnight. ON TOP OF THAT, the regulation and taxes are killing our industries, that's part of the reason why the jobs moved overseas and regulations.. as even an economic illiterate would know.. takes a very long time to be repealed. please, spare those quotes from failed economists who can't make money in ways other than writing textbook for community colleges.
spyletu 2 years ago
Yes; we lost manufacturing jobs; but we still are the most productive nation on the planet. Efficiency has gone way up and that had driven jobs down. Even China is loosing manufacturing workers due to efficiency.
Your right; we can't change course overnight; but I am confident that American entrepreneurs will be able to fill the void by changing economic valuations.
Spot on about regulation and taxes; that could really kill any turn around towards being a producer once again.
wpiman 2 years ago
We are not the most productive nation on the planet lmfao. Our Efficiency has gone way down, not up.
zetsway5000 2 years ago
According to the UN we are. Do you have any data suggesting we are not?
wpiman 2 years ago
Ya, look at the tag on your shirt and tell me which country its made in. Also, the UN is a joke.
zetsway5000 2 years ago
I agree; the UN is a joke-- but even with all their anti-US bias they still claim we are the most productive nation on earth.
Who cares where clothes are made? That is an industry we could rebuild VERY quickly if need be. We still make tons of food, white goods, heavy industry, etc.
I am a capitalist- so I am looking for industries which have gone away due to a strong dollar and may come back due to a weak one. Peter is right; this shit is happening-- but how do we PROFIT from it?
wpiman 2 years ago
Industry wont come back because of a weak dollar, that's actually more reason not to do business here. I wasn't talking about their US bias when I called the UN a joke. The UN also says cuba has better health care then we do, their facts are heavily distorted. The fact that probably 95+% of everything you buy is made from china should tell you whos the number one producer.
zetsway5000 2 years ago
wpiman - this is an excellent example of the inherent moral flaw in the thinking of many capitalists. Our country is in crisis on so many levels and profiteering is at the forefront of your mind? Your statements below that "there are plenty of 3rd world countries we can have produce our crap and that there are a lot of third world nations left to exploit" are even more irresponsible and reprehensible. However, I agree that the U.N. is a joke.
jgarzilli 2 years ago
When I say exploit; you left out the most important part "they would jump at the chance" to be exploited. It is like if a victoria secret model wanted to exploit me-- I'd be happy to do so. All voluntary.
wpiman 2 years ago
Look, just give up. Go get your gold, food, guns and ammo and hide in the woods. Your house gonna be foreclosed on anyway.
panther9mm 2 years ago
There is only one problem with your comment. We hardly produce anything compared to what we used to, and our production of goods will continue to fall as obama raises taxes on anything he can. Other countries wont want to do business here if they're taxed out their ass.
zetsway5000 2 years ago
Stock market rallied because of jobs data (up 50 bps) fueling ad heavy stocks and providers of personal finance. An unexpected interest rate rise NEVER results in a market upswing. Fool
think1speak2 2 years ago
Now that the Iranian International Petroleum Exchange (IIPE) is selling it's oil for the Euro rather than the dollar other countries don't need to invest in the dollar anymore. I think it's possible the government will attempt to wage war with Iran in order to end the IIPE, but I doubt it will happen because even our allies would love to get out of the dollar system and the IIPE seems to be an exit.
Denomolise 2 years ago
Great video Peter.
UselessEater9514611 2 years ago
I don't see how a person living in poverty can prepare for inflation of the dollar.
MishuTaste 2 years ago
Crap, I have no faith that this government will do the right thing and raise interest rates.
rayme4raw 2 years ago
Faith in government is like faith in leaving your cat next to your bird.
zetsway5000 2 years ago
Great post Peter!
dellwon 2 years ago
The only economist we can trust now is Peter Schiff and this is proven by his amazing tract record, but even without looking at his tract record, you can clearly see the man is speaking truth, and probably the only other person we can trust is Max Keiser, keep on bringing the truth Peter dont ever stop. God Bless!!!
vanityvideo 2 years ago 5
NEW RED DAWN MOVIE
United States of Israel.
Treasury is Bankrupt.
American Holocaust.
9/11 False Flag.
James Blunt,
No Bravery
ryanshaunkelly 2 years ago
This has been flagged as spam show
Hey everyone! I made a new social networking site for everyone! Registration is free, and signing up is easy! I hope you join! Thank you and take care! Bye!
Megamediaplex 2 years ago
Peter man, youve been saying the sky is falling for years and years stretching back to your days with that blowhard Kudlow.
Your points and facts are all on point but no one cares about reality, the market trades mainly on perception. When reality outweighs perception, then we have these crashes. Remember, its the banks who create these crashes. They control the psychology. Otherwise, Peter you are the man!
mikez565 2 years ago
i agree 100% with your comment.
pedro4374 2 years ago
Real Estate has always been a good hedge against inflation. It's a commodity you can live in. It's also cheap right now.
mattcolver 2 years ago