Gold, Geithner, Roubini, the Fed, Housing

Schiff Report Video Blog 11/20/09 Also check me out on
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[hosszuvagta]

FED should be abolished.. Central banks should be closed all around the world!

[wazza33racer]

The collapse is still building up. No one could have dreamed up the massive money printing the Fed is undertaking to avert the inevitable. Right now the carry trade of US dollars is infecting and devaluing every fiat currency on earth. In real terms even the Aussie dollar has lost 40% of its purchasing power in terms of Gold in 12 months. People just dont get it, everyone is going to pay thru hyperinflation and poverty.

[Benjefwil]

In reality is does seem to be a self reinforcing bubble where the value of the currencies and a lack of confidence are just two of many drivers of the bubble's self reinforcing process.

[Benjefwil]

Interesting, However there is, surprisingly, a very low correlation between inflation and gold prices. So if gold and inflation have such a low correlation, how can the gold price be simply be related to the devaluation of currencies? It seems to me that the entire cost of gold cannot be accounted for simply by the value of the dollar or other currencies.

[bluefly28]

schiff looks like hes part of the illuminati bloodline

[spectrum2000now]

Very informative video. This is perfect for people who are planning to take a venture in real estate industry.

[repubtx]

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[illmagnified]

For the retarded out there who still don't believe in Global Government being set up right in front of you and our economy was purposefully imploded, the concept is very simple. These Banksters take the money and steal it- buy things up with it while it still has value before they purposefully inflate the value of the dollar so by the time it gets to we the people, the dollar is worth absolute shit. WAKE UP PEOPLE WAKE THE FUCK UP, IM SICK OF IGNORANT PEOPLE ***CHOOSING*** TO BE IGNORANT!

[7Hook]

Don't look for gold to hit 3k in the immediate future? You were just saying gold is in a bubble and look for it to cave. Do you believe your opionins about gold? or are you just trolling?

[puffdippy]

You ever hear of the velocity of money.  Even though they are printing it up, it is not circulating. Banks say they are looking for "qualified" borrowers, but the definition of that word is vastly different then it was 2 years ago. Gold won't sink as bad as stocks, but don't look for gold to hit 3k in the immediate future.

[sbuttgereit]

I see.. .so they are printing it and stuffing it in a back room at Fort Knox or something... (big room I guess). The point of printing it is to get it into the hands of businesses to provide continuing credit liquidity and for 'shovel ready jobs' and the like, otherwise there is no economic impact. Inflation is a delayed effect since the extra liquidity has to get spread around enough for demand side constraints to lessen sufficiently. This will happen. How to pull it back without stalling..

[puffdippy]

Gold is a bubble. Just because the Fed is printing money does not mean it is getting to the consumer and to businesses. Housing has another 50% to fall, and stocks 60%. When we finally unwind all this leverage, then inflation will kick in. Not until then. Look for Gold to cave.