5/21/2008- Part 3 Ron Paul Advisor Peter Schiff On FBN
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All Comments (25)
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I like the fact that it's on faux knewz
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peter schiff is pretty cool
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I know, I was just saying that it's quite funny how the host said "OH SHI-".
Of course, high interest rates would totally crush the economy if it was done now. The economy was still quite viable in the early 80s, so it recovered with "only" a recession.
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Schiff is the cassandra of modern finance, he is cursed to make accurate predictions that no one wil believe.
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Interest rates had to go up to 20% in the 70s to fight inflation...
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the production costs for Barrick and other gold producers already have skyrocketed with the cost of oil and electricity and virtually all their physical inputs - they will show up on their books soon - also, generally gold producers have not expanded their capacity much in recent times and when wall street tanks (it is starting to tank big time now) demand for gold as an investment and hedge against inflation will push the price to $2000 by 2009 - just a prediction based on logic
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This programm should be Peter Schiff's show.
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neocons and neocrats practice feudalism.
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Schiff again is on target and the idiots again laugh.
Neocons not republicans fucked you. Neocons are not republicans.
davincij15 3 years ago 9
"How's gold gonna keep going up if demand is dropping and supply is soaring?"
Apparently, that genius never heard of currency devaluation (inflation).
MooseOfReason 3 years ago 7