George Washington wrote in 1789, “We may one day become a great commercial and flourishing nation. But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy
Unfortunately, nothing will preserve [liberty] but downright force.
I like PS's view on overseas stocks dividents, capital gains and exchange rate gains. A US investor who purchased financial assets overseas has a triple side gain. However, I disagree on his adamant claim that the $ will colapse. The $ is valued against other things like Euro, Yen, Gold, Oil, Corn, Dow Jones, Dax, etc.. So it's a very complex stochastic matrix as to what trade deficit, productivity, inflation, interest rates, will be bigger - in the US, or Europe or China, or Brazil, etc..
The dollar index put in it's bottom at 74.94 the day before this clip was made.
Another point - foreign stocks and all commodities are in position for the route of the century. 90 day t-bills are the only place to preserve your capital.
those 2 male commentators are right! if you invest dow @ 6500 and sell it when
dow @ 10000, don't you think you be making real money here peter? us dollars will never collapes because countries like china, japan and all those who holds us dollars won't let it happen.
road ahead us will be tougher but peter
don't have to be so negative on everything! peter needs a vacation.
How can you be so irresponsible, misinformed, and blind? Are you even aware of the talks to stop trading oil with dollars within only a few years? Are you even aware that the Chinese government publically told their people to start holding precious medals? What planet do you live on? Are you mentally retarded?
all in chaos right now. if the majority of american like you, we will be doomed for sured. this is youtube not grammer school. did god wrote all those books?
foolish people? peter is doomed and needs to se doctors right away. dollars is at 14 months low and that is a very good thing. low the dollars will help us exports and inflate debts away against the chinese. why can't peter telling the true
instead of been so so so negative all the time. how can you put someone in the senate if he or she invests oversea and only believe foreign stocks is better than domestic? i felll sooo sorry to gave him my money ;( ;(;(;(;(
Your grammar is little better than your logic. You need to read books. The Wealth of Nations, The Road to Serfdom, Economics in One Lesson, Crash Proof, Little Book of Bull Moves in Bear Markets, End The Fed, Empire of Debt, Creature from Jekyll Island, etc.
Educate yourself. Feed your brain. I don't doubt your good intentions but you have been misinformed. This is not a time for complacency, laziness, and ignorance. Prepare yourself - this is a transformational crisis.
"how can you put someone in the senate if he or she invests oversea and only believe foreign stocks is better than domestic?"
Business is not about artificial patriotism, it´s about making money.
How long do you think will Chinese wait before the dollar crashes? What is the truth Peter should have told them? That when you are deeply indebted all you have to do is to start the printing presses to inflate yourself out?
What exports? Most U.S. manufacturing jobs have gone overseas. We have almost nothing to export except food. Our trade deficit has been running 28 billion a month on average. Watch the dollar index. Spring 2008 had lowest dollar index in history @ 70. That is when gas was over $4.00 per gallon. The dollar index is at @ 75 right now. I think the Fed will raise interest rates to save the dollar when the index gets below 70. If unemployment is still high when rates hiked then goodbye market.
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George Washington wrote in 1789, “We may one day become a great commercial and flourishing nation. But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy
Unfortunately, nothing will preserve [liberty] but downright force.
1generalk 1 year ago
I like PS's view on overseas stocks dividents, capital gains and exchange rate gains. A US investor who purchased financial assets overseas has a triple side gain. However, I disagree on his adamant claim that the $ will colapse. The $ is valued against other things like Euro, Yen, Gold, Oil, Corn, Dow Jones, Dax, etc.. So it's a very complex stochastic matrix as to what trade deficit, productivity, inflation, interest rates, will be bigger - in the US, or Europe or China, or Brazil, etc..
iepurasuonline 2 years ago
The dollar index put in it's bottom at 74.94 the day before this clip was made.
Another point - foreign stocks and all commodities are in position for the route of the century. 90 day t-bills are the only place to preserve your capital.
TYX91101 2 years ago
those 2 male commentators are right! if you invest dow @ 6500 and sell it when
dow @ 10000, don't you think you be making real money here peter? us dollars will never collapes because countries like china, japan and all those who holds us dollars won't let it happen.
road ahead us will be tougher but peter
don't have to be so negative on everything! peter needs a vacation.
sunnyjong1 2 years ago
How can you be so irresponsible, misinformed, and blind? Are you even aware of the talks to stop trading oil with dollars within only a few years? Are you even aware that the Chinese government publically told their people to start holding precious medals? What planet do you live on? Are you mentally retarded?
chuska8383 2 years ago
if it was not for the printing presses, we
all in chaos right now. if the majority of american like you, we will be doomed for sured. this is youtube not grammer school. did god wrote all those books?
no! people like you did, so stop pretenting
like an incompetent wiseman.
sunnyjong1 2 years ago
that asian whore and that terranova guy should be shot!
filthy little rats!
stealthpakfa 2 years ago
foolish people? peter is doomed and needs to se doctors right away. dollars is at 14 months low and that is a very good thing. low the dollars will help us exports and inflate debts away against the chinese. why can't peter telling the true
instead of been so so so negative all the time. how can you put someone in the senate if he or she invests oversea and only believe foreign stocks is better than domestic? i felll sooo sorry to gave him my money ;( ;(;(;(;(
sunnyjong1 2 years ago
because US is doomed!
the dollar is a virus on the world economy.
stealthpakfa 2 years ago
Your grammar is little better than your logic. You need to read books. The Wealth of Nations, The Road to Serfdom, Economics in One Lesson, Crash Proof, Little Book of Bull Moves in Bear Markets, End The Fed, Empire of Debt, Creature from Jekyll Island, etc.
Educate yourself. Feed your brain. I don't doubt your good intentions but you have been misinformed. This is not a time for complacency, laziness, and ignorance. Prepare yourself - this is a transformational crisis.
chuska8383 2 years ago
I guess if you look at it from a positive, I can see your point. Right before the last depression we had a spike in the stock market to though?!?!
TheSubterraneanTruth 2 years ago
"how can you put someone in the senate if he or she invests oversea and only believe foreign stocks is better than domestic?"
Business is not about artificial patriotism, it´s about making money.
How long do you think will Chinese wait before the dollar crashes? What is the truth Peter should have told them? That when you are deeply indebted all you have to do is to start the printing presses to inflate yourself out?
murrayrothbard 2 years ago
What exports? Most U.S. manufacturing jobs have gone overseas. We have almost nothing to export except food. Our trade deficit has been running 28 billion a month on average. Watch the dollar index. Spring 2008 had lowest dollar index in history @ 70. That is when gas was over $4.00 per gallon. The dollar index is at @ 75 right now. I think the Fed will raise interest rates to save the dollar when the index gets below 70. If unemployment is still high when rates hiked then goodbye market.
jrm404 2 years ago
His negativity is justified. But he's on the wrong side of the inflation/deflation equation. Of course, he's got LOTS of company.
TYX91101 2 years ago