Dollar, inflation, interest rates, Obama

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[brown55061]

Yep, they all laughed when he said gold would hit $1000/oz 5 years ago and that the housing bubble would collapse, and that massive bank failures were coming. Seriously, is that your best?? Austrian economists don't laugh about the ideas he presents. But what do they know, they've only been right about everything that's happened since the Federal Reserve Act was passed in 1913. Go troll somewhere else and get an education!

[drewbloom34]

Schiff rules!!!! Just absolute sense. This is just common sense. No left no right, just sense.

[adulby]

I have a morbid fascination with Monetary Policy...key word "morbid". lol

[kardentyrell]

@lonnwill2 that depends if the government is going to interfear with the market, once again...

[sidewinderguy]

No, you are incorrect. I just read the Wikipedia article on Hoover. He proposed all kinds of inane policies that Schiff would be totally against. This is a false comparison.

[lonnwill2]

mr.schiff would it be safe to assume that as inflation rises we could actually see food rationing in America?

With the cuts in production and the scarcity of resources it seems like a possibility.

[willwillp]

Inflation is caused by printing money and expanding credit. Greenspan cut the rate back in 2001 and created a stock market, housing, commodities bubble through too much credit. And since it was all imaginary gains, it will deflate. Sure, they are printing $ now to keep the bubble alive, but guess what? there is no credit (at least not crazy credit like there was in the 2000's.) And at this point they can't print enough money to compensate for it.

[catharthic]

how so? im debating buying silver

[Straightsix76]

precious metals are saying inflation ahead

[shahen13]

Google "Hooverville" - you will see that Schiff is proposing exactly what Hoover did and what prolonged the great depression. Peter Schiff is really stupid and I can't believe how many people are falling for his bullshit.

[judutchinski]

Don't pull that ad-hominim shit shahen13. Peter is not a loser. you are. Otherwise speak the fuck up and tell us otherwise, then back it up.

[firewallsniper]

Look at everyone Else's investments everyone's investments are down. except for the ones that manipulate the stock markets .. continue to live in your fantasy world because you are the unteachable. We have nothing to back up the dollar this is going to end up being worse then the 20s we had manufacturing back then . we have none now.