Peter Schiff - Crash Proof: How to Profit from the Coming Economic Collapse

[RealNewsAustralia]

How to Profit from the Coming Economic Collapse: Write a book about it

[bosatsu76]

This was just a four minute commercial... "How to make a profit.... Buy my book."

[TheCashistrash]

@bosatsu76 the best way to profit out of this mess is to protect your wealth from the coming inflation. Buy commodities such gold, silver, oil, food stocks. as price of things such as food and energy increase people will not stop buying these things because they are essential. Other luxury items such as housing, automotive, electronics are going to take a beating and become undervalued. When these things become so undervalued it is time to sell gold and buy these other stocks at a bargain.

[Elinitsam]

The government and central banks are just buying time with their magic trick money creation (but not wealth creation) tactics until the people all grow wise to it and the system collapses through natural means. What needs to happen is a worldwide rejection of fiat money and then it's all over for these goons and life will return as it should. We need to hope that people won't allow for a repeat of history of this failed system again. The one thing school doesn't teach is what is secure money.

[flubno]

One of the Banking elite families is the Schiff family, so it's kind hard to trust some so called "expert" with that name. Don't trust this guy

[BigWilliStyle45]

Metal Trade Units are not endorsed by any sovereign government, country, city or state.

[BigWilliStyle45]

Metal Trade Units are NOT "legal tender" and NOT current money (excluding United States silver dimes, quarters, and half dollars) and must not be referred to as such.

[rivendellranger]

support the NWO!~~~you stupid dummies all of you, worthless stupid humans...

[elmoflash]

Hey you must be from another planet!! Save us! Start with Canada. We seek the perfect Zamboni.

[gloriaqs]

R u Reptilian or something??

[allknowingguru]

I KNEW IT! The bailout only puts off the problem so we can pretend everything is just fine for a little longer.

[elmoflash]

"Greed is good". So much for that idea. Is the US economy the equivalent of the Titanic? The "unsinkable ship" hit an iceberg. In my opinion, that "iceberg" for the US economy is unpayable DEBT...individually and nationally. We're looking at a foreseeable decline in the value of the US dollar. The implications for the global economy are profound.

[jp216purkis]

Jeez. None of you are economists so stop scaring people by pretending to know what you're talking about. Peter Schiff and Ron Paul probably know what they're talking about to an extent but recessions come in many different forms. I'm not going to go into detail here because diversifying stocks and buying precious metals is probably a good idea but keep in mind that recessions come in many forms. The worlds a very complicated place. Its almost impossible to predict the future.

[elmoflash]

Thanks for replying to my comment. It doesn't always take a doctor to tell when someone is sick. You can't eat prescious metals. Well I suppose you can but then you really will need a doctor.

[jp216purkis]

Nice metaphor. Except America isn't a person, its a continental multi ethnic superpower with 305 million inhabitants each with their own desires and direction in life. Theres no comparison between a doctor and an economist. They're two entirely different professions.

[JaysThoughts]

@elmoflash The problem is not capitalist greed. Indeed, at least that would've created a laissez faire free and self regulating market. The problem is the exercise of the Keynesian economics in the US through the driving force of the world banks.

[elmoflash]

@JaysThoughts Hey, I don't agree with the Keynesian solution either. Just lookin for a a better Zamboni.

[UserNumber112358]

@JaysThoughts - bingo!!

[caganb]

smart guy

[louis12346]

The solution to our country's and world's current dilemma is found in a study of how President Andrew Jackson defeated the 2nd Bank Of America - it is classic and the only we will defeat the NWO.

you know that our leaders saw it coming and in many ways created the conditions we all now must face.... as someone said here, "Before we had to acknowledge fear, now we must shake its filthy hand' ..............war is their out .....just like world war 2 Violence,

[ZionistWorldOrder]

"Give me control of a nation's money, and I care not who makes her laws"

Mayer Rothschild

[GoyimUnite]

He is after all a Schiff..

[imagoodman2]

the only solution is... go back to see in front.. i mean, lok how indians lived then u will give respect to what is around ya. u will need to hunt your meals... without guns. some day u will run out of them... so now the plan is.. think and do like an amerindian..if u dont understand... u will soon

[cycimian]

This plan has been in effect full steam ahead ever since JFK got wacked. Notice the same people, Bush Rumsfeld Cheny and Dean have been in power ever since 1963. The builderberger plan for a one world goverment is to destroy the United States from with in the country. High treason has been commited and now that Bush has Nullified the Constitution any resistance or protest will mean a life senstance in camp fema when martial law is declared

[tuffguy69]

he is spot on. i think he could delve more into what America has recorded as growth vs. consumption. Maybe are confusing more growth for more consumption. And as he stated, when you consume more, you may want more credit....we have been conditioned to be consumers. myself included. we must learn more selfsufficiency, pull our money out of the banks and invest in gold, silver, convert currency to euros, but go to tangibility. some experts will tell you to withdraw ur 401k's.. just regulate ur $.

[kdetton]

money is not real

[ehswan]

I know this comment has no momment, but still I feel compeled to write it. My Mom and I baught a house in Lebanon, Kentuckey for 30,ooo dollars in 2006 and it is quite pleasant. Property taxes, $206 a year. We don't bother to lock our doors or cars. Check it out. America is still here.

[Hockeyjason]

What????? This is borderline spam. America is still here! Hahaha did you watch the same video I did??

[tuffguy69]

move your 401k to world markets. my father tripled his money in 3 years. no joke, no bs. no point in me lying. cuz none of that money saw my pocket, so no conflict on interest, i'm broke as shit. did i mention i have a bach of sci in finance? this economy is turning to shit, and i may have to move because of this. economy = shit, not the ppl. i feel sorry that you will have to suffer this shit.

[moniequa]

I know America is still here but the money will be gone. It'll be an empty america, enjoy!

[PeakedEarth]

Listen to Mr. Schiff. I have been following him for years. He knows exactly what he is talking about... and has called almost every turn of this market. Crash Proof is an excellent book that goes over the history of this financial crisis and what you can do to protect yourself. Everyone should read this book then pass it to a family member!

[cybertrader69]

its criminal, that wallstreet liers are telling americans to buy this crap

[leevi1234]

Good for the farmers that own their own farms and collect old silver and gold coins "as a hobby".

I hope US gov wont seaze their property in the name of HOMELAND SECURITY.

BUSH=NAZI

[kosai19]

What's interesting is that housing prices have been artificially inflated by the growing amounts of credit available. So if a person's credit allows for a $300K mortgage, but their banker says, why not take $400K-$500K instead, they'll buy a more expensive home. That's an overly simplified example but this inflates the prices of homes are more consumers continue to buy more costly homes. It's the general theme of the economy. Keep spending at all costs to generate artificial growth.

[tuffguy69]

look into what goes into the growth equation, consumption is a big factor and large percentage of revenue growth figures. it's basic gluttony. fattest nation on earth. i make myself sick, and have wised up. i hope everyone else will before they loose control.

[tuffguy69]

i know the message is dreary, but there is always hope. not to sound like a dreary prick.

there is always hope.

[projectdurden]

I remember after September 11th, interest rates went down and they were saying stuff about how its a great time to buy a house. They were saying that interest rates havent been so low since WWII and everyone was buzzing because that was so long ago and everyone thought it was such a great time to buy a huge house they couldn't afford.

[JP5466]

This man nailed the housing bubble/crash. Many laughed at his predictions a few years ago... Now Peter is laughing.

[tuffguy69]

worse part is, the risk of all those loans does not disappate. meaning, someone will have to pay up. in theory, it's a pyramid scheme of passing on risk.

[moniequa]

We the tax payers will pay for it. Actually we already paid some already we saved big financial institutes that were reckless with their business practices but we save them.