Peter Schiff Tries to Explain Coming Dollar Crash

Once again, Peter Schiff tries to explain why there will be hyper inflation with the dollar. It seems to me that for years they laughed and scoffed at Peter about his predictions until they recently started coming true when the housing bubble began to burst. The Financial Gurus on TV all of a sudden started listening to Peter intently but I don't think they really understand how economics work so they just listen dumbfounded. This is a pretty good interview with him and they are still listening but you can tell that they still don't get it. I've seen other interviews with Peter and other Economists who understand real economics as Ludwig von Mises so clearly explains it, and the TV Financial 'Experts' are beginning to marginalize them again. That's when we know we are in trouble. When they stop listing to Austrian Economist again. Here Peter explains to them what government could do to remedy the problem. Will they listen? Only if you start studying and sharing with everyone you know, how Economics really work. If we don't educate the masses about economics, government will continue to try to fix the economy with more of the problem. www.mises.org is a great place to get a lot of great information on real economics. 1-7-09

Category:

News & Politics

Tags:

• peter
• schiff
• dollar
• crash
• economic
• collapse
• depression
• recession

[izzyjosanne]

I have a mancrush on Peter Schiff. A Schiff/Paul ticket in 2012 sounds like the solution to this mess.

[anthonymellado]

I just don't understand how people don't get what Peter is saying.  It's so elementary that a child could understand it! At this point I've come to the conclusion that 1/2 of Americans are very ignorant and the other 1/2 is so smart they made a full circle and are back to the ignorant stage again. The Bible does say the the wisdom of man is foolishness to God. Boy are we proving that point!

[MrGiggity890]

@casper1918 good for you man...you got the right attitude..stay vigilant with your money, ya know?

[casper1918]

@MrGiggity890 Sold most of my gold, made a little profit, but the bond funds I own are up 20% this year. I think bonds are good through the rest of this year. You know Bernake is going to do another QE to help out his buddy Barrack before the election. FED will keep buying bonds till then. After that...........back to gold.

[MrGiggity890]

@TheOkham crook? crooks are propping up the dollar...schiff will be right in the end

[MrGiggity890]

@casper1918 how long you staying in? and if you had been in gold you would have made more

[TheOkham]

@casper1918 Peter Schiff is like the proverbial broken clock. Don't listen to this crook.

Try to find his recommendations for 2011 and see well he did.

[casper1918]

I like Peter, but he really missed it on the bond bubble. Had I bought bond fund two years ago would have had over a 20% increase per year.

[MEpianist]

@izzyjosanne Here's a quick guide for all the MORONIC Schiff fans ... /watch?v=1Gk3EI40Ppw

[TIGERSDFW]

i must say, it was a joy listening to this interview..