COLLAPSE of the DOLLAR peter schiff

[Maxobillion]

3:06 Buy gold and silver before it's TOO late not to!

[karimrakha]

wh do u american citizens accept this shit...the gov prints money ..devaluates mone in u r pockets then the printed mone is given to the fat ass money losing companies...is this the tribute the $ holdning citizens have to pay for stimulus... they make the stock markets rise b making the $ fall..so that the average citizen with the $ in his pocket loses money to the stock market gambling addicts. what the fuck is going on..thats usa not zembabway..respect the $ more

[theMETALDOVE]

you're 100% right but unfortunately so much of our society is disengaged and simply not paying attention. until obama, now everybody pays attention, but attention to all the wrong things. so many americans can't do what you just did. that is to be able to follow that money trail...which leads straight from their own pockets.

now the process starts all over with health care. obama says "savings" people applaud. only to learn "ssavings" for the fed--taxes for the citizen.

it's sick ...

[karimrakha]

@theMETALDOVE and ur paycheck .....is it in metal too ??? ok u protect ur savings ....but still ur income is flushed down the toilet .....god goesnt go uo ....$ goes down .....so even if u protect ur savings u ll suffer in everyday life its a lose lose situation pal ....wakeup people

[rpo11234]

@karimrakha the reason i dont care and i actually like it is because i own gold and silver which makes it go up and up

[IdiotsForObamaCom]

We have 2 many idiots that WON'T listen to Peter..Just look at who voted for our President. Idiots.

[Loathomar]

Peter Schiff is a jackass, who, while understand economics is now intentionally trying to mislead as much of the US as possible into a panic for political gains. To say that the dollar is COLLAPSING, just because the price of gold is raising is a completely false statement. If the dollar was collapsing, why isn't silver pricing raising at the same rate. Gold is raise at is current rate because people believe to be a good investment, causing an artificial rise in prices.

[Loathomar]

Their are a few ways to reasonable measure the dollar, as it is no attached to any metal standard. 1. How is it in comparison to any other currency? And 2. How much does the average "bundle of goods" cost in dollars? The dollar has fallen when compared to other currencies, but not more then would be expected from the bank failures, and the cost of good have not risen and recently have been falling.

[dlmaniac]

You are clueless about supply and demand. Dollar collapses in the same mechanism as housing market does: When you supply too much of one asset be it real estate or Dollars, its value sinks. Precious medal like gold cannot be over supplied since there's only finite amount on earth, which is why people rush to gold when inflation breaks out.

Learn some 1-2-3 about economy b4 talking crap about Schiff.

[Loathomar]

Gold being finite is not really relivent as people have like found less then 1% of the worlds gold supply. The price of gold changes rapidly not do to a question of normal supple and demand. It's not like there is a new use for gold that has made gold more valuable. It prices rises because people see it as a "good investment" causing the price rises it a "proven" to be a good investment so the price rise even more. All the time, the core value of gold has not changed. This is called a bubble.

[Loathomar]

The tech sector in the 90s and housing in 00s did the same thing. Oh yes, and gold in the late 70s with a crash in the early 80s. If you where to by gold in January 1980 at its peak of 850 USD and sell it today, (the highest gold has ever been) you would have averaged less the 1%. If you where to sell that gold you bough in 1980 in Feb '82 you have have got $282. It was a bubble. But hey, at least in the 80s there was real inflation, unlike today. How about you learn anything before shit talking

[wrecker89178]

The supply of the dollar is high. We haven't seen inflation because the demand for the dollar is high due to the recession and an increase in savings. Although the federal reserve is printing money, the world is hording it. As soon as the consumer changes behavior and/or the world changes its reserve currency the dollar is royally screwed.

Metals aren't showing inflation because the printed money really isn't circulating yet.

[wrecker89178]

Sorry, I should say that consumer behavior is countering the printing of money. Also unemployment affects the supply of money... so if a real recovery sets in with increased employment then I think inflation will roar back, and oil will likely spike again.

[wrecker89178]

Would you guys agree that the monster credit card called the ealry 2000's housing market is also gone forever... which amounts to the same thing as money destruction.

So all this easy money and cheap credit just does not have a conduit to reach the average joe right? Making the printing of money meaningless for now.

[Loathomar]

Yes, the current recovery is a bandaid of government spend to prevent the complete crash of the US economy. An real, long term recovery will require job growth > worker growth. Worker growth and not population growth, because I would think that if there with pop growth do to longer life of the retired we would not need job growth for that group. Also, as the pop takes longer and longer to enter the work force because of school, that would not require job growth.

[wrecker89178]

So I think, the people who are getting all the printed money (central banks) are investing their dollars in equities (aka recent stock market rallies). So the bailout is working as intended, its loosened up all the tight wad bankers to feel good about being the supreme rulers of the world... now that they are content we'll see what they decide to let trickle down to the average joe. They learned the hard way from the 2000's housing bubble, so don't expect that kind of happiness again.

[wrecker89178]

Is there a good online forum dedicated to discussing these kind of things? Or are there too few of us who actually like talking about this kind of stuff?

[Loathomar]

No idea, but if you find one, post me it plz

[Loathomar]

I am not sure that is true, that they "learned their lesson". I am look at the tech sector in the 90's or gold in the 80's or the stock market before the crash of '29. But it happens over and over again. Each time people say "we have learned our lesson". What is shocking about the house/banking crash is how very quickly it happened after the tech crash and that there was so little real growth between the two crashes.

[Loathomar]

Ah, but the problem is that the the countries that hold USD have an interest in keeping the dollar strong. As, all US debts are held in US dollar, if our creditors demanded all their money, the US could simply double the money supply and pay back all the US Debt. It would suck for everyone, but would hurt the places we owned as much as the US. Other countries, like those who go into hyperinflation, do not own their own currency. Kinda an odd loophole, but their it is.

[RebelStangII]

To Hell with osamabama & his friends!

SIC SEMPER TYRANNIS!

DEO VINDICE!

Long Live The Rebellion!

[SaveRepublic]

obama is buying time for Iran To build Nuke Too.

[ScarlettKnights]

And if we wait that long, I wonder if we are looking at WWIII?

[SaveRepublic]

None of us really want to believe WWIII could happen but like we discussed if the world economy does not improve and Iran finishes enrichment something simply is gonna give to start a chain reaction of major events. History has already proven profoundly what happens having a long periods of ailing world economies. We are in a perfect storm.

[ScarlettKnights]

SaveRepublic:

Very true; many do not realize that WWII got us out of depression not FDR.

[oq242]

Read up on your history, neither FDR nor WWII got us out of the depression.

[theMETALDOVE]

not ww2 directly, but the end of the war. returning soldiers started families etc.

[ScarlettKnights]

oq242:

FDRs programs & gold confiscation did little than to bring the US into further decline, bring down personal worth overnight ( gold confiscation) & raise unemployment rolls.

What turned around the depression: War spending, and the increase in production for the war effort and spending after the war. Millions of men were sent to war (thus employed) and millions were needed to take the place of workers who were at war & to produce products for the war effort, employment soared.

[jmspflw]

I wonder if Hussein will get an economic award before or after he bankrupts the country. His only complaint is that Bush wasn't doing it fast enough.

[theMETALDOVE]

he'll get his just rewards, no doubt. hopefully it will be as miss congenialty in a federal prison

[HYDRASHOQ]

Like they said before, "We can't let a good crisis go to waste." They just want more power and control.

[obamaisapieceofshit]

Bernanke and Geithner will probably get the Nobel Finance Prize for their contribution to the downfall of the US economy.

Good God I hate our overlords in DC. With a passion.

[theMETALDOVE]

you clearly aren't alone in this thinking. i hate hating this sonafabitch too. i lead a very peaceful simple life. this, this right here, takes time and huge emotional capital. i've felt like hell all day just the thought of these things coming to pass/

[theMETALDOVE]

NoCensor--

don't you get it though. this time they are going to FIX IT.obama is the one. he came all the way from kenya to be our president. the least we can do is to give him a chance. it's only our nation. we can get another one.

bernanke is jewish and born somewhere in the south, ga maybe.

feel free to talk about jews.. the leftist don't like the jews. except for jon stewart.

[LLORT3]

I'm a leftist...and a Jew...80% of us voted for the "leftist" (who has sadly turned out to be a lot more boring and centrist than I had hoped)...

[NoCensorshipYT]

METALDOVE,

Do you know what Bernanke's background is?

Don't mean to sound racist, but he looks middle-eastern to me.

Where is he from?

My stomach turned with he was re-appointed by Obama.

The very people that helped CREATE this mess are once again in CHARGE of it.

GOD HELP US!

[spol07]

He looks exactly like Khomeini