1/2/2008- Ron Paul Supporter Peter Schiff On FOX

[jeremy837]

As far as I can tell, true capitalism is not averse to competition in currencies, as well. Why not introduce another currency, one more resistant to inflation?

[Sepero1]

Search Youtube for "liberty dollar"

[jonyrotton]

after the americans pick the wrong person to be president(you know there going to, hell look at bush hahahaa)it will then sink into americans RON PAUL was right all along,but then it will be to late ,,thank gawd i don't live in america good luck to you..

[Sepero1]

You asshole! You're right. Damn, Americans are dumbasses.

Oh well, I'm gonna make a lotta money on gold. :-D

[spudea]

lol demand for oil going down??? Americans will give up their double whoppers before giving up gas to transport their fat asses.

[atheistnarnia]

"no, were gonna sink into an abyss"

lol

[scort8888]

Those interested in the dollar should read Bernanke's speech at Friedman's 90th birthday. Basically, nearly every economist across the spectrum blames the fed's tight money policy for the depression.

[sanarkhos]

Wow, she was worthless.

Peter Schiff knows his stuff. We've been exporting our dollars to whoever would take them, and soon that will end.

The only way we can survive is to allow people to use sound money, liquidate bad investments made in this sub-prime market, and allow prices to adjust accordingly.

Interventionism got us here, only laissez fare capitalism will get us out.

[olamapsa]

People should refresh their movie stashes - start with 'They Shoot Horses, Don't They?'

[fuzzywzhe]

Gold just finished the year with a 30% gain. Gold has outpaced all the stock indexes for 7 years now.

The dollar is getting crushed, and stocks suck.

[imnos482]

Do you think gold will continue? I know the Fed has taken ALL of our gold (they say they are "just holding it"). We don't even know if they still have it. Ron Paul voted to do an audit, but only ONE other person voted with him. Is Silver a stronger bet? Just curious to your thoughts.

[fuzzywzhe]

> Do you think gold will continue?

Yes, for about 4 more years, maybe only 3.

And there will be WILD sickening rides up and down for the entire duration.

What I really think is that gold isn't a good buy, but rather, the dollar is going to decline a great deal more.

You can still buy gold. I think every American should own at least 2 ounces, but if every American could just own 10 - that would be the entire world's known supply. It's very rare.

[fuzzywzhe]

with regard to silver...

I own silver, but I'm not convinced it's a good investment. Silver is used primarily in industry.

I own gold in case the economy collapses, and silver in case it doesn't.

[julebuggy]

If the economy collapses, the gubmint will make it illegal to own gold (again).

You, my friend, will have to go black market and be prepared for the FBI to sweep your lawn with metal detectors when your neighbor rats you out for a loaf of bread.

[fuzzywzhe]

> If the economy collapses, the gubmint will

> make it illegal to own gold (again).

I doubt it. The only reason they could pull it in 1933 is because most people trusted the government for the solution to collapse.

This time around, everybody will be blaming the government for the collapse.

And besides, there's just not that much gold owned by Americans.

[ldewitt]

American dollars aren't worth anything because the Federal Reserve, which isn't federal whatsoever...actually privately owned, keeps printing it out...they base the oil on the Euros because they still have worth.

[InTheSticks1881]

Schiff is a hero. He has the facts behind him. The truth is painful and most will bury their heads and shun it. It's typical human nature, yet because of his principles, Schiff is compelled to tell the ugly truth, and take the criticism.

[kalisjr]

Yes they are manipulating the US dollar to drive it down to lead the US people to beg for relieve and prey for the Amero, and yes it will be that GOD damn enslavement note. IRAN has started this by basing the price on EURO's if others follow we are going to see 150 dollar a barrel oil. We then have to buy oil on the exchange rate, not the dollar.

[kauaidivers]

I agree. The dollar is losing ground for alot of reasons, but its losing because our government is selling us out. They want the NAU without too big a fight. If it gets out of hand they have 100s of FEMA (concentration) camps sprouting up all over america. Look it up, they are for us because they know they're getting ready for a fight. I don't know exactly what they are planning to fight us about but it's gonna be big.

[fuzzywzhe]

They are not manipulating the US dollar to drive it down.

It's going down naturally. There is a glut of dollars in the world. It's a commodity, just like anything is. When supply outstrips demand, it's value goes down.

[imnos482]

I think you need to do more research. Between the War and what the Fed is doing suggests a big crash is in our future. It looks VERY intentional. And the banks behind it, want it to be BIG. It will be our next 9/11 imo.

[fuzzywzhe]

> I think you need to do more research.

I think you need to listen to Peter Schiff. He's entirely right as to why the dollar is going down, and it's not manipulation.

Don't you even know Schiff's explanation?

[imnos482]

One mans manipulation is another mans Federal Reserve. If you don't print the money, you can't kill the dollar.

[fuzzywzhe]

> One mans manipulation is another mans

> Federal Reserve.

Well, if the Federal Reserve jacked up interest rates that would fix it - but it would also kill our pathetic economy.

The Federal reserve can't lower interest rates without devaluing the dollar, and they can't raise them without putting us into a severe recession. Of course, it's just delaying the recession, but it's the easiest thing for them to do, rather than make hard choices now

[imnos482]

So, what IS there job exactly? lol

I thought Sound money policy would be their job. But it seems it is just to keep things going for now, and have a HUGE problem later. How is that in our country's best interest?

[fuzzywzhe]

> So, what IS there job exactly? lol

Propaganda, of course.

Lies about the war, lies about the new economy, lies about the housing market.

Who does it all advantage?

> How is that in our country's best interest?

It has nothing to do with our welfare. It has to do with the media owner's welfare.

[gladiator1010]

I have studied monetary policy for the last six years and all I gotta say is WAKE UP PEOPLE! HOW MANY RED FLAGS DO YOU FREAKIN NEED!

[devknob]

Destroy your TV

[yourcamden]

Make sure you are paid in Euros and not dollars.

[wiseblackass]

Nonsense. Euros are every bit as much of jewish communist trick enslavement notes, as Federal Reserve Notes are.

[imnos482]

Yeah, but I think they (bankers) are trying to break the dollar right now (for the Amero or whatever reason). Euros will be good for quite some time.

[wiseblackass]

I'll take 100% Gold or Silver or Copper Ron Paul Liberty dollars any day, thank you.

Let's get him in office and bust each and every one of those feds that robbed Nothaus!

Legalize Competition! Vote Ron Paul!!

[fuzzywzhe]

> Nonsense. Euros are every bit as much of

> jewish communist trick enslavement notes

Yeah yeah, and the freemasons have their little eye on the notes - why not target them too while you're at it?

[healthhavencom]

Paid in Euros? Are you nuts?  Have you ever heard of Gold?

[imnos482]

Do you know who has ALL of America's gold right now? THE FED (a private bank). Look it up.

[healthhavencom]

There are tons and tons of Gold owned by private individuals and companies right here in the US.

Look it up imnos482.

[imnos482]

What I mean is OUR gold. The Gold for Knox USED to have. AMERICAs gold. We let them "hold" it for us. And now we have no idea where it is or how much is there. And nobody in congress seems to care. We are talking a lot of gold.

[fuzzywzhe]

> What I mean is OUR gold.

"our" gold was stolen long ago, in 1933.

[yourcamden]

It depends what weight you want to carry, some shops do not take gold bars. Have you ever tried to pay your supermarket bills with a gold bar?

[fuzzywzhe]

> It depends what weight you want to carry, some

> shops do not take gold bars. Have you ever

> tried to pay your supermarket bills with a

> gold bar?

Find out what Gresham's Law is.

Why pay for something with good money, when you can purchase it with bad money?

When I need to buy something, I use cash. If I run out of the toilet paper, I'll trade gold or silver to get more of it.