Peter Schiff 3/18/09 - Schiff Report Video Blog

[Sentinel4truth]

Fuck the senate!

PAUL/SCHIFF 2012!!!

[pokerkingtrevor]

Thank you for doing this Video for People.

[Justbeatit999]

FOR EVERYONE who FOLLOWS JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL... I just always go to financialtruth0.blogspot . com because they post all the latest videos there! Thanks for uploading this vid anyway!!!

[myliverwurst]

The Fed has clearly gone off the deep end, dollar had the biggest one day decline EVER today.

I think this clinches the deal on the death of the dollar.

[Zoootex]

keep posting videos mate, please.

[Yourdeadmeat69]

All fiat paper currencies not backed by gold or silver go to zero. PERIOD. 1971, 10K salary chased $3.5K cars & $40K houses. Today 100K salary chasing 35K cars & 400K houses. All we've added, is zeros, no value.

What's new? Well, It won't take 40 years, it'll take 10 years to reach a $1M salary chasing $350K cars & 4M houses.

Woking, who cares? If retired, prepare to have a lifetime of "savings" wiped out, the breadline your future.

You can afford a gun.

You just may need it.

[Marine475]

I thought exactly same thing but then it came to me that today 35K car is so much more than 3,5K car from 40 years ago and if we ware to build this car from 40 years ago now it would probably by very litle over 3,5K. It's the same thing witch ex dimler-chrysler cars that are based on mid 90' mercedes designs and cost the same.

[Yourdeadmeat69]

Efficiency & productivity have its place with cars, but best example of course is the house, a 30 year asset class that is supposed to depreciate, not appreciate. Of course, it does neither, unless you're in a bubble--it just tracks with inflation.

Houses "appreciating" 6% per year for fify years, it is only the last 5 up to '07 they doubled in 5.

Regression to the mean is occuring, valuation right just about now-the 2004 price.

If housing doesn't turn this summer, buy buy buy!!!

[Marine475]

You're right but this buble isn't due to fact that we have paper money it's due to irresponsible policies of those who have the printer and lack of acknowledgement from us citizens that if we want our goverment to spend money it has to raise taxes not print money and lend it from china. Goldstandard will inevitably lead to deflation due to increase of efficiency, not to mention that gold is needed for various industrial aplications.

[Yourdeadmeat69]

No, irresponsible policies just made the fallacy of fiat paper more visible. Gold's use as industrial metal's limited, all gold mined EVER's still in circulation. A better standard's silver, with industrial use AND currency valuation, & is still cheap enough to populate coinage. The two values, industrial & coinage, & the fact we use silver up in processing makes it a very stable choice.

Beautiful coins & stability, silver art meets economic science.

What's not to love?

[sexydarin1]

You need better audio. It's painful to listen to the crackling. Love listening to you but the audio has to get better.

[billvancouver72]

I will thank Peter first for his great information before I ask him to try to fix up the audio fo rnext time :) Thanks Peter - I bought gold thanks to you :) You're a life saver :)

[joeymackaroni]

Thanks for the post

[AndyMH182]

Good lord. Do you think the DJ rally will continue much longer?

[carapone1]

In Dollars and maybe othe FIAT currencies maybe yes..... But in real assets like Gold, Silver, Agriculture, Commodities not. Yesterday the DJ rallied 2 % but the Dollar lost 3.5% so in real the DJ lost 1.5%...