11 20 2008 Peter Schiff worried about an Obama Administration

[rw5791]

how 'bout greek bonds?Would that be the way to go?

[Gforcebond]

What about precious metals? Good investment as a hedge against inflation?

[jjrglobal]

Yeah, maybe the only hedge. But keep it as a hedge and don't go nuts and turn everything into gold.

[rosewood223]

he is a conspiracy theorist

[jjrglobal]

Only problem is his conspiracies have come true. Believing that this service based, non producing, trillion dollar a year account deficit is viable is sheer lunacy. But keep your head in your ass, everyone else in this country does

[kuza01]

Peter Schiff was an economic advisor for Reagan and Paul. Read his book crash proof everything he said in that book has come true. The truth hurts and I believe we Americans lived well beyond our means for so long that were going to have a hard time grasping the reality that is store for us.

[rosewood223]

govt bonds are the safest investment in the world!!! this is riskless investment.

[cannuckistan]

govt. bonds are safe if inflation doesn't rise in future. 260% for thirty years? That's risky as far as I'm concerned.

[cannuckistan]

Correction: Only the bankruptcy of the USA.

Canada has had current account surpluses for twenty years, budget surpluses for more than 10. Our pensions are partially funded..unlike Social Security in the US, which has no productive assets to meet its liablities down the road. You guys are in big trouble.

[dave777blaster]

Schiff has been right on

Like Rogers and Celente they are all pointing

to the bankruptcy of North America

[stealthpakfa]

the girl is a cutie!

[specialks1953]

That is the ONLY reason she is sitting there!

[SethPublisher]

Obama can neither be blamed for something that is already broken, or expected to put Humpty Dumpty back together again.

I hold at fault those in Wall Street making things so non transperent that most American have to go a fianncial adviser because who else understands things like SIV's and credit default swaps?

People quit asking the question: what does this company I want stock in DO??

[jjrglobal]

Or you could blame the government, since they created and guaranteed mortgages through Fannie and Freddie. If not for this we would not be in this situation

[worldwiderob]

The only thing Peter Schiff has been wrong about was the continued run in commodities. We have yet to see if the Asian economies rebound from holding dollar-denominated debt, as he predicts.

Responsibility was for our (US) government to control poor and abusive market practices. Yet there were also plenty of others who turned a blind eye to abuses in order to profit...down to the individual lessee.

Govt should now let the MARKET reign, deciding who survives and fails w/out govt. interference.

[jjrglobal]

agree completely

[specialks1953]

NObama ran on change & claimed his "change" could fix it. I don't think any politician can fix it unless omitted. Politicians broke it, big time & need to let the pieces fall where they may. If they would just quit screwing things up worse by trying to fix it, we could get on with what is really going to fix it. I don't want to deal with what is going to happen but I know it is coming. Let it happen while I am still (maybe?) able to deal with some of the shit that is going to hit the fan!!!!!!!!

[Rx2NR]

she is very pretty.