Peter Schiff 12/29/08 - CNBC [Part 1]

In this video Schiff predicts that the DOW will be worth 7-9 ounces of gold in 2009, and in the coming years will fall to 1 ounce of gold. Aside from giving his usual speech about getting into commodities, gold/silver and out of the dollar, he talks about what caused the Great Depression.

Andy Busch (BMO Capital Markets) agrees with Peter that the stimulus programs are going to be inflationary and bad for currencies. However, he says regulation is coming so lets make it work because we need it.

Vince Farrell (Soleil Securities CIO) says we don't have a choice and that the government has to increase debt and that they can't do nothing. Peter refutes by saying we don't need to substitute government debt for personal debt, we need to get rid of our debt. Vince and Peter then argue over how the Great Depression came about.

Part 2: http://www.youtube.com/watch?v=YIC7ufXH-G0&feature=channel_page


http://www.europac.net

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• Schiff
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• economic
• collapse
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• obama

[TheMetalPerson]

your fiat currency will ALWAYS go down in value. Its scary to look backwards and see "cheaper metals" then, but you must realize the past is still destine to keep happening. Fiat currencies ALL become worthless. There is no exception to this rule.

Your fear is one of the reasons people don't all sell their fiat at once. They think somehow it will go back to being more valuable.

[delatroy]

I'm not an investor or anything - complete amateur. I heard another talk where Peter was saying that Singapore Dollar, Japanese Yen, commodities and metals are all good. Also mentioned that if any one country starts to buy up all the mining companies and thereby lock out other investors from getting theirs hands on the gold, that this will send gold prices through the roof and force investors to flee to the holder's currency.

Saudis or Chinese, Japanese all have enough reserves to do this.

[brainman95]

Thanks very much for the pointer to those other guys posting videos. I will watch their videos now. Good luck to you too

[Raycheetah]

It does, especially if your currency has room to fall further, while gold, and especially silver, have room to gain in value, once the artificial controls on them collapse.

Here on YouTube, look at davincij15 and stellaconcepts (who's Australian) for ideas. Do your research, ask these guys questions, but be prepared to act fast!

Best of all good luck to you! =^[.]^=

[mallamoozoo]

Does anyone have any suggestions for Australian investors - the aussie currency lost a massive 30% in October - does Schiff's advice re. buying Gold still apply for holder's of currencies already devalued?

[MrSmithKnows]

Peter Schiff knows the market and finance. He talks of leaving the dollar because now it is the financially correct thing to do for personal investors.

But he doesnt point out that the conpirators against the sovereignty of the US want that capital outflow and then they want the dollars to be dumped so that the currency will bust so they can Usher in the Amero.

That is also how the conspirator, through high taxes have run all manufacturing out of the US to all over the world.

Premeditated attak

[PeterSchiffVideos]

Link to part 2 is in the description.

[Estevez123321]

Stop shopping and hoard your cash people...if you haven't yet lost your job, your head may be the next one on the chopping block.

[ragsnac]

word

[classavox]

The truth as shown all though history is none other than when the interfear they cause more harm than good. With a free market you must let it correct itself. That is the difference between a recession of the market correcting itself or the interfearance of the market (also recession) always becomes a depression. It devalues money and the lives the the country. It is simple math.