Peter Schiff Trying to Get The Message of Impending Hyper Inflation

Peter Schiff here again trying to explain the very real likelihood of Hyper Inflation.

(I actually hate the word Inflation because it sounds like something that just mysteriously happens. Inflation = Devaluation. I like the word Devaluation better because it implies that the politicians and the Fed are taking away value from our dollars. It is a way for them to 'magically' take money from our wallets without touching it or asking for a check. So I guess I should call it Hyper Devaluation.)

So here it seems like the Fox news guy is listening to Peter but if you really pay attention, he doesn't quite understand or believe in the real danger of Hyper Devaluation (Inflation). The news guy just wants to bash Obama. But people aren't going to understand the problem until they stop thinking in party lines. This is not a exclusive to political parties. They both do it!

Politicians on both sides always talk about balancing the budget but they never do anything to do it. They always want to put it off until after next election! Which means never. Face it, if they really wanted to balance the budget, they would do it now, not later! The thing is, they don't want to do it. They want to keep printing and borrowing money.

Please prepare yourself for the coming economic collapse of the dollar.

Aired 1-8-09

Category:

News & Politics

Tags:

• Economic
• Collapse
• Recession
• Depression
• Dollar
• Jim
• Rogers
• Peter
• Schiff
• Inflation

[coejonathon]

how about abolishing the Federal reserve and putting our money back on a gold standard instead of letting them continually devalue our money to the point of if being worth less than the paper it is printed on, literally. that on top of not paying for everything on credit which most of you monkeys with thumbs do...and start reading books and stop watching that weapon of mass deception they call a TV

[2freaky4me]

Cutting Water Usage, Shop around for Bargains, Clip or go online for coupons,and reduce Energy Consumption. Some Power Companies have offers of doing an energy audit in Your Home either for Free or for a small fee. This is America! Study those People who always talk about having made it with only 5 dollars or only Pennies in their pockets upon arriving here. To find Success in America You have to think Like a Foreigner ,because they see the Gold in our streets! Sadly, We have become blind to it!

[Zimnyification]

I wish this guy would shut his face and let Schiff talk.

[bellcord]

Well two years later and Schiff still looks like a big dick....wrong again Petey...say Hi to your dad...in the Federal Slammer..

[chevycf15]

For once, the host actually let him speak

[Thetruthishere11]

@flatjawspud

we aren't in hyperinflation yet. I agree with most of his comments.

[flatjawspud]

@Thetruthishere11 7months later, still think hes exagerating?

[GusBariga]

haha, you can get an extra pack of gum he says.

[Thetruthishere11]

I agree. he does exaggerate a bit. He's trying to predict that we will go the Latin road like Argentina, Bolivia, and Brazil.

I don't see that happening.

[residentzombie]

Wow are you way over analysing that statement Peter made. He doesn't believe (at least not publically) about a global conspiracy at the moment. He is trying to gain ground in CT against the establishment that is leading in the polls and was trying to cater to that crowd. Peter is anti-New World Order just because he is an Austrian economist and just like Rand Paul, the establishment doesn't want the third party to rise.

[AtlasShruggery]

In May 2002, Schiffty Pete predicted hyperinflation, soaring interest rates and the Dow falling to 2000 within two years. None of that happened.

Now Schiffty Pete predicts that the price of an ounce of gold will rise to $5,000. It'll be interesting to see how that prediction turns out.

Personally, I think Schiffty Pete is just another fearmongering RepubliCon politician.

[shmuel33]

Spending and consuming in America is based on dollar recycling, namely PETRODOLLAR RECYCLING.

YOU PEOPLE ARE ALL IDIOTS. Your economy and the strength of your currency are all based on a FUCKIN SCAM.

THE PETRODOLLAR SCAM.