The problem is that politicians have a four or five-year shelf life and this is one of the many inherent defect of the famous "democracy".
Major changes that come at a J-curve and would require decades to show their first positive impacts (such as pension system reforms) are impossible to realize because politicians can't see past their own individual term in office and also because regular people cannot see the big picture now, let alone the big picture that extends past their own lifetime...
Peter Schiff and Jim Rogers are the best there is; Nouriel Roubini would be the next best thing. His economic views are still as realistic, but he does advocate more government intervention as Peter mentioned.
It said video no longer available, but after 5 minutes i refreshed and it works again! oh well thanks for the video. Good stuff. Peter is honest, and admits that he might not get the path we take right. There fore its kind of silly when CNBC etc try to diminish him by saying how he got the dollar move wrong.
Marc Faber thou anticipated the medium term dollar strength well in advance.
The reason the government won't change is because to many politicians would have to admit that they contributed to the Crisis. They allowed the C.R.I. and empowered the federal reserve and treasury to debase the currency at unprecedented rates. Buy gold and silver, buy mining stocks, buy Chinese infrastructure i.e. (water treatment, power, dams). If you buy assets that are difficult to corrupt you protect yourself from government and corporate manipulation.
I like peter schiff as well but he should not be considered unbiased. Read his book lats year and he is a smart man. He is however heavily invested/leveraged in gold and a dollar/economic collapse would make him rich. Beacuse of this he DOES have a hidden agenda for personal gain.
He is an american that cares about America. He constantly gives advice that goes against his own investment gains because it would help the average american and not himself. He is smart enough to change his investment style based on reality. He does not change reality to fit his investment style.
He invests in gold because he believes the dollar will collapse. He is trying to protect his assets and the assets of his clients. You would have a good argument if he somehow was able to cause the collapse of the dollar, which he can't. If he thought the dollar was great he would advise buying US assets.
This argument is flawed. It's not like Schiff owns a gold mine and his company will profitt from a rising gold price. He is a trader and makes his daily decisions based on his market trend predictions. If he really didn't think genuinely that gold was a good buy, his company would simply be trading elsewhere and possibly even SHORTING gold for that matter.
The problem is that politicians have a four or five-year shelf life and this is one of the many inherent defect of the famous "democracy".
Major changes that come at a J-curve and would require decades to show their first positive impacts (such as pension system reforms) are impossible to realize because politicians can't see past their own individual term in office and also because regular people cannot see the big picture now, let alone the big picture that extends past their own lifetime...
lymaeQ 3 years ago
Peter Schiff and Jim Rogers are the best there is; Nouriel Roubini would be the next best thing. His economic views are still as realistic, but he does advocate more government intervention as Peter mentioned.
morosi15 3 years ago 2
Roubini does indeed favor massive gubment intervention. Visit his website RGE Monitor and read his articles.
qcumber48 3 years ago
It said video no longer available, but after 5 minutes i refreshed and it works again! oh well thanks for the video. Good stuff. Peter is honest, and admits that he might not get the path we take right. There fore its kind of silly when CNBC etc try to diminish him by saying how he got the dollar move wrong.
Marc Faber thou anticipated the medium term dollar strength well in advance.
karhu1913 3 years ago
The reason the government won't change is because to many politicians would have to admit that they contributed to the Crisis. They allowed the C.R.I. and empowered the federal reserve and treasury to debase the currency at unprecedented rates. Buy gold and silver, buy mining stocks, buy Chinese infrastructure i.e. (water treatment, power, dams). If you buy assets that are difficult to corrupt you protect yourself from government and corporate manipulation.
fuckreg 3 years ago
I like peter schiff as well but he should not be considered unbiased. Read his book lats year and he is a smart man. He is however heavily invested/leveraged in gold and a dollar/economic collapse would make him rich. Beacuse of this he DOES have a hidden agenda for personal gain.
taineasy 3 years ago
He is an american that cares about America. He constantly gives advice that goes against his own investment gains because it would help the average american and not himself. He is smart enough to change his investment style based on reality. He does not change reality to fit his investment style.
dylbro 3 years ago
He invests in gold because he believes the dollar will collapse. He is trying to protect his assets and the assets of his clients. You would have a good argument if he somehow was able to cause the collapse of the dollar, which he can't. If he thought the dollar was great he would advise buying US assets.
jsyc07 3 years ago
This argument is flawed. It's not like Schiff owns a gold mine and his company will profitt from a rising gold price. He is a trader and makes his daily decisions based on his market trend predictions. If he really didn't think genuinely that gold was a good buy, his company would simply be trading elsewhere and possibly even SHORTING gold for that matter.
Dziaji 3 years ago
Peter schiff changed my life! I am now studying economics and monetary history.
edingsteve1 3 years ago 14
edingsteve1:
Consider also reading Fredric Bastiat - The Law
elbuggo 3 years ago 3
Done deal.
edingsteve1 3 years ago 2
Don't forget Economics in One Lesson by Henry Hazlit. That will become required reading in my house for my kids.
jsyc07 3 years ago
The Zion Empire is doomed. Revive Sharon from his vegetable state. He owns the magic stick.
jove04 3 years ago
Peter you rock, keep preaching and hopefully someone in power will listen.
nyc10101 3 years ago 9