Market sell off, homebuyer tax credit, inflation & rents

Schiff Report Video Blog Oct 28th, 2009 Also check me out on
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[drudometkin]

I once saw a chart of average household expenses of germans during the hyperinflation years in the 1920's. What was interesting to me was for one year the average person spent less than 1% on income on housing. The rest was on food, ect.

[TheNRA4ever]

Love the videos Peter....thank you for the time you spend educating Americans....God knows we need it!!!!

[karsailz]

I think Peter speaks nothing but truth, too bad nobody wants to hear the truth.

[enemyartistkristofeR]

First - I didn't ask your opinion dumb aussie - so keep it outback where it belings! I am NOT ONLY blaming Obama - I did also mention BIG Government, plus Obama is driving the boat now (or is at least the front man) so yes, he does get the blame - when Bush was in office, he got the blame, he is gone Obama is in, thats the way it works - jerk! I know who the real criminal is, the not-so-federal federal reserve! I am in groups doing all we can to spread the truth about all these criminals!

[metalschooldrill]

When inflation doubles in a few years that 9K will only be worth 4.5K, and your rent will go up and overhead costs too.

[metalschooldrill]

Schiff says that the economic breakdown started back in 2000, I say late 1999. America is as phony as yourself putting it all on the fallguy, Obama.

[SvrchovaneCechy]

If you invest every year your 9k expecting 20% yield compounding within next 5 years, you will have roughly 80k for further investment. Go BHP or RIO. That will give ya conservative hedge, yield and dividends in the unstable environment.

[fox20012]

In Shit hole Australia

I earn 50k -18.5k rent -13k tax -10k expenses for 2 children n stuff

savings 9k per year

[Justprayfirst]

Here are upsides to a weaker dollar.The US benefits from a reduction in the international role of the dollar. Unless the United States quickly achieves&maintains a sustainable econ position, its ability to pursue autonomous economic and foreign policies will become increasingly compromised.A falling dollar is thus a mechanism whereby excessive US borrowing from abroad can be rolled back., it would help to meet a stated goal of world leaders in recent G-20 meetings.

[Justprayfirst]

Beyond this indirect gain, the most direct effect of a weakened dollar would be to hike the cost of goods imported into the United States and make American goods appear cheaper to the rest of the world. This, over time, would likely ease the pressures for trade protectionism that have increasingly strained U.S. relations with countries like China, Canada, Mexico, and the members of the European Union.