Peter Schiff says DEFLATION will be BIG . . . . . . . . . . . . . . . . when you mesure it in gold !

this is a part of a 50 minutes long interview Jim Puplava did with Peter Schiff on the subject of inflation

recorded on September 12th 2009

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Peter Schiff: Deflation vs. Inflation Argument on FSN
http://www.youtube.com/watch?v=eksf2ScG6yU

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Inflation and the Fall of the Roman Empire
http://mises.org/story/3663

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[Clint45s]

You have heard the term“A fool and his money are easily parted”well, we are all witnessing either through design,or absolute ignorance,the fleecing of America. Utterly insane!A reign of thieves has been unleashed upon America, allowed by a lip flapping governing body. America is entering into a kleptocratic state, very little productivity, and a extreme loss of wealth, with no accountability. Our Government has been hijacked by a extremely wealthy international class, called the OneWorldOrder!

[cristoballs]

so let me get this straight. during a deflationary period, a house that might cost, say 100 oz of gold, might go down to 75 oz of gold. that same house that costs $150k, might rise to $200k over the same period?  if so, does this mean we should look for the price of gold in dollars will go up dramatically?

[Clint45s]

@TWSceptic Hello tws...First one has to have the desire to know truth, and seek it. I recently posted a very interesting video on my site, It is very in telling, and very interesting. This is one, of many premises, or understandings that help us understand the control mechanisms being spun to control mankind. Watch the video, and do some researching on the information given. They say one has to put in work to fully appreciate understanding.Researching the Issues in the video. It’s a great start!

[TWSceptic]

@Clint45s And your evidence for this conspiracy theory?

[TWSceptic]

@swave158 Oh and you better respect Peter Schiff he predicted both .com & housing and explained in detail why it was going to happen, no one believed him, just like you don't believe him now. Don't make the same mistake. Stack silver & gold now before it's too late.

[TWSceptic]

@swave158 Gold is not in a bubble at all, it's actually US debt what's in a bubble. So the debt bubble will explode, and then the precious metals will go through the roof. $ becomes worthless, people with gold & silver will be the richest people and they'll start buying everything from houses to land to stocks. Then when people realize this they will start selling their gold THEN the gold bubble will pop, but not sooner. So you can't compare .com & housing with gold it's completely different.

[TWSceptic]

@cristoballs Correct.

[Wookman17]

@cristoballs Basically, printing too many dollars makes them cheaper in correlation to everything. Including gold, if that was your question. In other words, if an ounce of gold costs 2000 dollars, according to this estimate, it should go up to, I don't know, perhaps 3000.

[ddstar]

@whatuspkaren And if we didn't have inflation but a natural deflationary system (gold standard) you're salary would be increasing, not even including your raises (if any).

[ddstar]

@swave158 Doubt it. The Fed prints way too much money and foreign banks buy too much dollars. Once interest rates rise and foreign banks dump the dollar, you'll get massive inflation, not deflation. Something is a bubble when capital is miss allocated. Capital going into gold and silver is not miss allocated. Hardly ANYONE is buying gold and silver. Massive hedge funds don't even buy it because they think exactly like you. When the day comes the train will already be rolling.

[swave158]

This guy Peter Schiff does not make any sense. Dollar is going go through the roof and gold which is in a massive bubble, ie just like the tech stocks of the 90's and housing bubble we just went through, will fall badly.

[jackgoldman1]

Dow is $700, same as it was in 1963, when measured in 1963 real silver money. Gasoline is 19 cents a gallon today, in 1963 money. It's a currency debasement problem. The inflation has already occurred due to debasing the currency benefitting bankers, brokers, owners, and government. Wall Street wins, Main Street loses with currency debasement. Renters, families, employees, and children lose. This was all predictable in 1964 and 1971. It is exactly as expected. Protect yourself. Buy silver/gold.