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THE DOLLAR IS DYING

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Uploaded by on Aug 6, 2011

The recent credit downgrade of America's credit rating by Standard & Poor's is your cue to head for the exit, if you're not already there yet. In this video, Peter Schiff makes an excellent assessment of the current situation. Soon, QE3 will begin, and the result will be a significant loss in the purchasing power of the dollar. We are fast approaching the event horizon of the sovereign debt and fiat money crisis. This will be the biggest economic event in history.

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Uploader Comments (GlennBeckTV)

  • The reason why the Dow went down over 500 pts on Thursday was because many insiders already knew that the U.S. would be downgraded. However, in the long-term, the stock market will be inflated up, but this will be in nominal value only.

  • Whats your best guess on the opening numbers for S&P, Dollar index, US30 yr bonds for Monday Morning???

  • My educated guess is that the markets could go either way Monday morning and end up or down by Monday evening. The underlining reason why the elites allowed this ratings downgrade to happen in the first place is to begin to psychologically prepare the ignorant masses for the severe austerity measures that will be imposed and the further fiat money creation that will lead to a global currency devaluation. 

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  • You dumb schmucks, don't you realise you're still living in the deadly shadow of Republican President George Dubya's disastrous Presidency ? How could you fools have elected him .. for 2 terms, no less. Dubya''s shitbag legacy will be with us, globally, for a generaion yet to come. Obama hasn't a chance to fix-up his mega-mess. Two solutions : 1. get the hell outa Iraq + Afghanistan . its costing trillions. 2. cease freebie welfare payments to Mex illegal wetbacks + their mega-offspring. THINK .

  • Being a prepper may now be the best investment advice.

  • LOOK ...anyone who knows how to tie thier shoes and dosen't watch network TV or sports games...SAW THIS COMING!...give me a break?...SCHIFF is just trying to capitalize on common knowlege.

  • I'd rather trust an underestimate (underrating) than an overestimate (overrating).

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