Peter Schiff Q & A Saudi Arabia January 2009

[feeknocks]

is there a subtitled version?

[Scapone2001]

its hard to hear him

[Sentinel4truth]

Yes, the acoustics in that auditorium were awful.

[noraklagrangian]

This place Schiff is at has a lot of echo.

[smellyfinger420]

What the fuck did the last guy ask him?

[InTheSticks1881]

I can imagine that most brought up in 'fiat currency world ' would have difficulty appreciating *true* or unadulerated Free Market Capitalism.

[dan020350]

gold is good to invest, but... will there be economic growth - lets see. ( if gold is the backing of their country's currency and let the market do the economic growth....question next next is can we count on the market' today ? ??? I believe they will buy the bankrupt companies and do a better job and produce things. therefore I agree, the question of economic growth is right, but the preservation for this, remains questionable. ( Elites and secret societies and interest groups/ organizations)

[Justbeatit999]

God I love Peter Schiff! I always go to financialtruth0.blogspot . com because they post the latest videos there of RON PAUL, JIM ROGERS, PETER SCHIFF and MARC FABER! Thanks for uploading anyway!

[InTheSticks1881]

Checked it out. Great tip. Thanks!

[prescottbill]

"Dollar is a sub-prime currency" wow. What if the Saudis listen to Schiff, and decide to ask for payment for oil in gold? Or, instead of buying Tbonds with petro dollars, they buy gold in earnest.

[pismo10]

That would kill the dollar. The Arabs moving into gold would be catastrophic for the dollar. They have so many dollar investments they would have to do it slowly. Interest rates would soar to try and attract dollar investments. Watch the movie "Rollover" China is even more of a force now.

[hugolp]

Well, the arabs are moving into a new currency that wont be pegged to the dollar. It will be operating in 2010. It has not been disclosed if it will be fully backed by gold.