11 20 2008 Peter Schiff worried about an Obama Administration
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Uploader Comments (jjrglobal)
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Correction: Only the bankruptcy of the USA.
Canada has had current account surpluses for twenty years, budget surpluses for more than 10. Our pensions are partially funded..unlike Social Security in the US, which has no productive assets to meet its liablities down the road. You guys are in big trouble.
3 years ago 4
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she is very pretty.
3 years ago 4
All Comments (14)
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how 'bout greek bonds?Would that be the way to go?
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govt. bonds are safe if inflation doesn't rise in future. 260% for thirty years? That's risky as far as I'm concerned.
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Peter Schiff was an economic advisor for Reagan and Paul. Read his book crash proof everything he said in that book has come true. The truth hurts and I believe we Americans lived well beyond our means for so long that were going to have a hard time grasping the reality that is store for us.
3 years ago 3
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govt bonds are the safest investment in the world!!! this is riskless investment.
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That is the ONLY reason she is sitting there!
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NObama ran on change & claimed his "change" could fix it. I don't think any politician can fix it unless omitted. Politicians broke it, big time & need to let the pieces fall where they may. If they would just quit screwing things up worse by trying to fix it, we could get on with what is really going to fix it. I don't want to deal with what is going to happen but I know it is coming. Let it happen while I am still (maybe?) able to deal with some of the shit that is going to hit the fan!!!!!!!!
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What about precious metals? Good investment as a hedge against inflation?
Gforcebond 3 years ago
Yeah, maybe the only hedge. But keep it as a hedge and don't go nuts and turn everything into gold.
jjrglobal 3 years ago
he is a conspiracy theorist
rosewood223 3 years ago
Only problem is his conspiracies have come true. Believing that this service based, non producing, trillion dollar a year account deficit is viable is sheer lunacy. But keep your head in your ass, everyone else in this country does
jjrglobal 3 years ago