Moodys Downgrade: Should We Care?

[TheSharpenedPen]

In short, if a 'fat finger' brought the markets down a 1000 points, then a fat fist brought it up 600.

[TheSharpenedPen]

@TheSharpenedPen I see the fat fist is hard at work again today...

[TheSharpenedPen]

The fact is that the markets would've already plummeted through the floor if not for government meddling i.e. stimulus, bailouts & plunge protection. In the absence of artificial money-printing stimulus, we would already be in a great depression. But, as Angela Merkel (German Chancellor) intimates w/ the recent EU bailout, these debt projects are mere stop gaps, putting off short term pain, for even worse pain down the road. There was no way to anticipate governments would be this reckless.

[zuiprax]

what is it that they say at the end? matresses for everybody? what does that mean?

[TheSharpenedPen]

@zuiprax It's just more typical sarcastic news media spin. Translation: If you believe Peter Schiff ( that we're not in the midst of a media generated robust recovery period) then you must be a delusional paranoid schizophrenic, who hides his/her monies in a mattress.

[zuiprax]

@TheSharpenedPen Oh I get it, they think it's safer to keep it in a bank that loans 90% of it out, so whether there's inflation or deflation you'll lose it all. LOL

[TheSharpenedPen]

@zuiprax True enough. Even better though, if you fill the mattress up with gold and silver coins (in place of photocopy paper with monetary scribblings on it) you can not only see a profit, but you'll upgrade to a posturepedic mattress for free.

Oh wait, that's sarcasm - this kind of commentary should really be reserved for MSNBC...

[zuiprax]

@TheSharpenedPen For sure. But gold and silver are not really investments, unless you're expecting a lot of increased demand in the near future. The reason to buy these is to protect the value of your savings so in the future you can consume or invest.

If you want profit in real terms and not just nominal, it's better to long asian stocks. Even if you expect gold and silver to appreciate in real terms, it's still probably better to invest in mining, provided you have enough funds

[TheSharpenedPen]

@zuiprax Well, I do think that gold & silver will outpace the rate of inflation once more & more investors begin to realize just how serious the sovereign debt crisis is. Yes, more money could be made by investing in mining stocks and perhaps overseas. Looking at the markets overseas, however, the risk is rising. Regarding events in Thailand, and recent seizures of assets by Hugo Chavez in Venezuela. The problem isn't the stocks so much, but whether or not you'll own them at the end of the day.

[zuiprax]

@TheSharpenedPen That's true. But there's risk to owning physical metals as well. Someone could try to take them from you. And that doesn't exclude the government. Remember Executive Order 6102

[rhuelsambre]

try

[fal2grace]

@rhuelsambre

to care?

[starfish00000]

The recession ended last year? Hahahhaa, that was funny. I wonder how come the unemployed people, and the state govt. that's still laying off people didn't get that memo.

[fal2grace]

We didn't get the memo in NC...unemployment well over 11%.

[HysteriaDLX]

Fascinating how two people can have quite different fundamental views but agree on most of the investing ramifications... bottom line: own stuff.

[axionication]

J Rawlson Saul may be correct in stating that the global financial system is "a gigantic soufflé of meaningless money."

[mcgrawtim123]

I read "Crash Proof" and followed Schiff for awhile, but lately I think he's a bit off the mark. I think deflation is as likely as inflation.

It's all gone wobbly and no one knows which way Humpty-Dumpty will fall.

[TechTVChannel]

first of all it is not MSNBC , this is CNBC , second could you please date the video , this must be old cause the CNBC website does not have it with the recent peter schiff videos ...and third thank you for your efforts I really like your channel ..and i know how much hard work you have to put in order to upload these videos ...keep it up mate

[fal2grace]

It's on the MSNBC Website from today in the business videos. CNBC is part of MSNBC. And you're welcome.

[PeterSchiffChannel]

great I did not know that ...

[fal2grace]

:) :)

[SirSpoon84]

WOOH!! GO SCHIFF@!!

[0muffins0]

Moody's - "I'll do it! I'm warning you man, I'll do it! One more step and I'll press the button and blow us BOTH to kingdom come!!"

Go on ... do it. If the US gets downgraded we'll all be using rocks for currency the next day.

[lcbaudar]

I'll give 2 thumbs to Peter for speaking against deficits, but they are somewhat right. Peter was calling for Dow 40,000. He wrote a book on it, now he writes a book on collapse. That's a big mar on your creditability buddy. No doubt that will haunt him. But he's on the right track now... As for moody's why do even care? We already know they are subsidized by companies they rate! It's an obvious fixed game for the highest bidder.

[jayskind]

Go for broke, how about a BB- rating so that we don't have enough money to employ the enforcers for the police state! I ran into a clandestine CIA operation 3 weeks ago, betweens banksters and police/war state it's a wonder anybody would loan us money!

[AgrippasNotebook3336]

You've got to hand it to Peter, he's tenacious. I would have given up on making appearances on these shows a long time ago. At least they aren't jeering him as much as they used to. They almost seem to be listening a little. lol

[fal2grace]

He's a pretty tough guy.

[AgrippasNotebook3336]

Whatever you think of him, you have to respect him. lol

[drutter]

Yeah I think moody's has lost the plot. USA anything other than a D rating is just silly.

[fal2grace]

agree

[Airave]

Pedro, FTW!

Lost my comment....

maybe better so...,=P

3-Card-Monty, and we are the marks.

Howz about a game of "Hangman"

for a "change we can believe in"?

Luvz ya All!

[fal2grace]

watch?v=R1kxb1FC3Vg

[Airave]

OMG.... Deb.....

I am Soooo In Love with You Now!!

:)

You have no idea how deeply

this touches me.... Really you don't...

Beauty brings me to tears.

I'm crying now. Big ol' me...

I love this song....

and it is so appropriate...

Hugz!

[fal2grace]

glad you liked it:)

[centervilletn]

Im down grading Moodys to F for FAIL..you like apples? how bout them apples?

[centervilletn]

my advice to Moodys is "sh-t or get off the pot already!

[fal2grace]

yep, they keep threatening

[skybirdbird]

been wondering where you were today....vids just keep showing up in my sub list that were not there before....& the comments...aaarrrgggg.......

i am starting to believe the camp that thinks TPTB are just keeping the music going to distract us from a coming natural calamity....because the rest of this just does not make sense........

[fal2grace]

had bunch of work to do and dentist appt...

[JOConnor100]

There will be a problem with U.S. debt within the decade. A more likely scenario will be debt defaults in Europe, and a possible terrorist attack.

[bertly71]

Peter is a man among boys.

[johnnybravo234]

Peter FTW! (like usual)

[zombiefan4lighfe]

schooled again by the Schiffmeister

[fal2grace]

:) yes

[centervilletn]

where was Moodys in 2007, 2008, 2009?...the world has downgraded the US atleast 2 years ago..

[fal2grace]

moodys is in their own plane of existence

[scanlonized]

Bubblicious ! Y2K all o ver again. lol better keep the sharp objects clear of wall st.

[fal2grace]

its is rather Y2Ky

[TheNRA4ever]

Peter Schiff is the man !!!

I think he has enough ammo to make a second Peter Schiff Was Right Video

[qminusis]

Perplexity by the host.

[UU361]

Did Moody's downgrade any of the banks before they blew up? Didn't think so, the US is already broke,

[fal2grace]

true dat

[haserterr]

Thanks for the info.

I never have the TV on so its nice to hear what these stooges have to say!

[fal2grace]

you're welcome

[huskerbird1]

Well at least they still have him on. AND HE IS RIGHT

[Eraser7622]

Peter was right.. Peter IS right again

[fal2grace]

yes peter is right again