8/27/2008-Part1 Ron Paul Advisor Peter Schiff On Bulls&Bears

[TheCZMan]

What US movies, US songs etc...? Including US technologies... Maybe trying to look for them harder will help.

Check the price of a movie theater ticket in the US, add one to it, you will get the price in Euro of a ticket to see the same movie in the Eurozone in spite of the euro buying 1.5 USD.

[wholelottabon]

"i see pain in those gas demand numbers...i see people changin their habits"

i have not turned on the AC here in central ohio all summer...only buy gas on tues/weds...quit smokin cigs...cutting down on my fastfood intake...

i think the guy is right

[MaverickCentricity]

Yeah, Gary K has really grown on me. He not as bearish as Peter, but he is willing to tell it how it is. And that takes alot.

[chronto]

peter schiff & gary k. FTW!

[chewbaca1989]

Crude oil will be $50 a barrel.

The price is fixed by the World Bank.

Both Parties are run by the British Empire, the Anglo Dutch Bank Cartels, it's called the Federal Reserve and George Soros on of it's agents.

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale. - Thomas Jefferson

Choke on it.

Go Pete!

[InTheSticks1881]

Just because oil is down and precious metals are down is no reason to relax. The inflation rate experienced today was created a year ago and will continue to grow steadily. As Freddy and Fanny are nationalized, the M3 will explode and price inflation will accelerate well beyond the current number. As banks and business continue to fail, the Fed will be called on to bail out even more until inflation is out of control and the fever runs out of control killing the patient. 2009?

[chewbaca1989]

Crude will go down to $50 dollars a barrel, the prices are fixed by the World Bank and are not determined by the market.

It is designed to inflate and deflate the economy to gain political control. Shafting the world in doing so.

Ron Paul FTW.

[InTheSticks1881]

Regardless of any government intervention, market forces will eventually overwhelm and drive prices higher. A year from now and perhaps sooner, oil will be closer to $150. The Fed knows it must hyper inflate the dollar. The combined consumer and government debt is 110 Trillion and the credit market, the life blood, is continuing to dry up. The 700 or so trillion derivatives market must not be allowed to collapse.

In any scenario however, our economy and the dollar is doomed.

[xdir]

oil + metals will go down in the short term, there is a global economic slowdown and demand is affected. The US is now consuming slightly less oil, people are buying more fuel efficient vehicles and driving less.

[InTheSticks1881]

Yes there is 'demand destruction', yet the deflationary forces only hasten the demise of the dollar. The dollar will eventually hyper inflate as the U.S. bails out failing companies and financial institutions.

Even though the dollar is up, oil and metals are down, there is little reason to believe that confidence is being restored. Fewer and fewer want our debt and are selling. *Physical* ownership of precious metals is on the increase. Shortages at large mints have and are occurring.

[InTheSticks1881]

And don't forget that war with Iran and possibly Russia, will have effect.

[InTheSticks1881]

In the event Russia cuts off oil from the EU as it threatened today, and as we attack Iran, the price of oil can go well beyond $150 and be the catalyst which sends the dollar down sooner rather than latter. If the Euro suffers it will help the dollar, yet our economy is not far from the edge and point of no return as the dollar could soundly break 72 on the index. Rapidly rising oil prices could well motivate others to decouple from the dollar as the inflation we export become intolerable.

[TheCZMan]

"If the Euro suffers it will help the dollar"

Not that straight. Currently, a product sold 100USD in the US is sold 110 € in the euroland, with one € buying 1.5+ USD.

Very good bargain for US corporations that keep increasing their profits because the USD downfall has never been reported in the eurozone for casual US made goods.

So as the USD is strenghtening against the Euro, this awesome bargain is going to eat away.

[TheCZMan]

One could wonder if the eurozone consumer could keep up sponsoring the US economy this way if the € is weakening towards the USD with oil imports becoming more expensive this day. European consumers have to work.

I doubt that eurozone consumers will keep buying US products if the prices in € is around 170 €, price that would be needed to keep the current good bargain.

[InTheSticks1881]

The U.S. is exporting inflation. That is all it has of real significance to export. As the value of the dollar drops oil goes up. Most must pay for oil in dollars and must buy dollars for that trade. Oil producers have no need to accept less value and simply up the price in dollars.

Yes, there are many factors, yet macro economics explains the dominate forces.

[TheCZMan]

Well, the exportation of inflation by the US does not explain that a US product bought by a casual consumer in the US 100 USD is bought 110€ in Euroland, with again, one € buying one and half $.

[patriotsundergod]

Only for a short time. After enough erosion the euro will take center stage regardless of the dollar.

[TheCZMan]

Maybe time to admit that despite serious stuff happening, it wont lead to that erosion or the economical disaster people have been telling about.

Serious stuff is happening but the major costs of it is passed down to people outside the USA.

[TajiTJ]

What happened to the big rally. The DOW is still at 11500 mark. We are staying here until the next big drop.

[xdir]

The Dow keeps taking 2 steps foreward one day and 3 steps back over the next 2.

[TalkingPointes]

They're being a lot nicer to Schiff

[Yourdeadmeat69]

The equal to the dustbowl food shortages today is, gas prices cartels and natural disasters, same as 1920's.

I just shake my head sitting here polishing my gun.

[Yourdeadmeat69]

5.6% inflation as long as you remove food fuel housing? It's 13.6%. Housing the greatest debacle since the Depresssion. The Depression kick off, dustbowl food shortages, is the pin that breaks the balloon of housing.

Rally's are bulls inside a bear, race for POTUS, a circus of warmongers versus virgin lawmakers.

Markets go nowhere till real estate capitulation. The turn, is summer of 2009, the low.

Consumers using homes as ATM machines is over. Just the opposite.

Good luck.