Successfully removed.
Sorry, an error occurred.
|
Esoparagon added a new video to Japanese
(19 hours ago)
|
|
| |
|
Esoparagon added new videos to Music 2
(1 day ago)
|
|
| |
|
Esoparagon added new videos to Music
(1 day ago)
|
|
| |
|
Esoparagon added new videos to The Metal
(1 day ago)
|
|
| |
|

For the latest Peter Schiff, go to http://PeterSchiffBlog.com -
Some of the Peter Schiff predictions include an economic crisis that will be much w...
more
For the latest Peter Schiff, go to http://PeterSchiffBlog.com -
Some of the Peter Schiff predictions include an economic crisis that will be much worse than what occurred in 2008. This is not only possible, but highly probable. This will probably happen much sooner than 2019. Hopefully it doesn't take that long. The longer that this problem gets put off, the more severe the crisis is going to be. It is a good idea to think about scenarios for how this all might unfold.
Governments rarely allow a crisis to go to waste. When this crisis happens, they will probably use it as an excuse to implement even more controls and regulations. We might see civil unrest, hyperinflation, and even marshal law. When it happens here, it will probably be much more severe then what we have seen in Greece and in Egypt.
Anything that competes with the federal reserve's currency will threaten the value of their notes. Even if everyone stops using them for business, they will still have at least some value as long as the government accepts them for taxes. If the federal reserve notes go into free fall, then businesses will probably stop accepting them for payments for their goods. They would be better off holding on to their products then to trade them for a constantly falling currency.
There are a few conspiracy theories out there about how governments and banks have been suppressing the prices of gold and silver. If this is the case, then they aren't doing a very good job, because the prices of these metals have risen dramatically during the past few years.
Without a doubt, there will be a currency crisis. It will probably begin overseas. Here in America, the first things that we will see rise are the prices of energy, food, and clothing. Our major companies will be bought by Japanese, German, and Chinese companies as they look for any way to get rid of their dollars. We will have to sell a lot of our stuff back to them overseas. It will be as if it is a giant repossession.
Many people will want to leave to seek better economic opportunities. What will happen then? Will the government stop people from leaving? We are a nation of immigrants who came here for economic reasons. Our grandfathers came here to seek freedom and economic opportunities, so there is no reason not to expect our children to do the same.
We are seeing these crises in Greece and Ireland, and it will eventually arrive here. It probably won't take until 2019. Those countries have been getting bailed out by other European countries, but there is no one to bail us out. Not only is the United States too big to fail, but they are also too big to bail.
People complain about gas prices that are at $3. What happens when the price is at $30, and their wages aren't rising. What will they do then?
less
|
|