PETER SCHIFF WALL STREET UNSPUN 10-01-2008 MUST SEE!!! FEDERAL RESERVE IS DESTROYING THE DOLLAR! PART 2

[impalapez]

good point, gold, and it's perceived scarcity is relative to it's value. It used to be representative of the labor involved in mining it, but not any more...

[macpduff]

Agreed. Easy car credit has driven the price of vehicles up to what used to buy a small house - faster than American income. They used to be paid off in 3 yrs. Now they are 5, 6, and 7 yrs. I'd like to see auto loans dry up. Cars would become affordable again - percentage to income.

[tomrdee]

How long will can food last on my shelf?

When should I start stocking up?

[Mariachi153]

I would start buying long shelf life food now... stuff like oatmeal, nuts, grains (flour, wheat). Also, I would start investing an alternative power and water supply. I heard there was machines that harvest water from water vapor w/ filtering (cost ~ $ 1000).

i just found this newsgroup link concerning shelf-life of foods. Apparently, its better to have non-acidic foods and in glass jars (better than metal cans).

h t t p : / / w w w . survival-center . com / foodfaq / ff18-shl . htm

[ngonea]

you should have started in 2007

[shouldlistentoronpau]

Anything with Ron Paul or Peter Schiff is worth listening to. Thanks.

[jbryant13]

Those two are great at identifying the problem, but their advocating the gold standard is where they are wrong.

[jrabsig84]

Why is it wrong to advocate bringing back the gold standard

[jbryant13]

Because the banks can and do manipulate that too.

[Capnwabbit]

While they had some serious influence in the past they can no longer do so - they just don't have the gold to do it.

[Mariachi153]

I believe Peter Schiff does underestimate the influence of banks and government on the price of gold. If you think about it, shouldn't the price of gold be sky-rocketing instead of falling?

This is why I advocate that people should have a backup plan, stock up on food, invest in alternative energy, get a good water supply, load up on weapons and ammo, etc...

If a new global currency is implemented, then I believe they might even do away with gold, or lower the price of it dramatically.

[jbryant13]

Actually there is talk of a new world reserve currency backed by gold

watch?v=e0NE6W_aV8w

[ransom22]

Actually the price of Gold is going up, just as Mr. Schiff has been predicting for years. Peter Schiff is one of the few economists out there willing to tell the truth and what is best for America. He is one of the few people willing to give up what so many people think is good for what he knows is right.

Peter Schiff for Senate