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Wall St Unspun - September/30/09

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Uploaded by on Oct 1, 2009

Wall Street Unspun: Peter Schiff's Mid-week market outlook Live Every Wednesday 8:00PM Eastern, 5:00 PM Pacific or on shortwave 5.070 Megahertz.

Also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

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  • Our manufacturing was never stronger than when the dollar was strong and backed by gold. Thinking that a weak currency helps us is crazy. If a weak currency created jobs, Greece, Italy, and Spain would never have adopted the Euro.

  • 15.1 million Americans are now unemployed, the highest since 1983

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  • LOL my birthday is on 30th of Sept.

  • Atleast there were no suicide bombers!!

  • if you buy a house with 3% down yet have the 20+% to invest it might be better to take an FHA loan because if you can make 10 to 20 % in gold or whatever then you make out better than if it was trapped in the asset of the house

  • they may start - one thing's for sure the government will

  • yeah it was such a lovely peaceful well-organized place before we got there.

  • in fact even for the economy to stagnate you need investment capital, since companies that were good in the past fail every day due to mismanagement and regular problems....new companies need to be founded constantly to even keep things even, let alone to grow.

  • if the dollar bottoms out it's better to have wealth to protect however you may than it is to be one of the broke hungry people rioting, if it ever came to that.

  • you can always bury it too. last time i checked robbers don't bring metal detectors and shovels when they burglarize your home, usually.

  • your job is to spread the information

    gold is worthwhile having anyway, even in smaller amounts like $50 to $100 - the idea is to spread and shake these banking houses

    In this economy few people wouldn't invest $50 to $100 in a piece of gold - they just have to get the idea into their heads - and guess what, if you have home owners insurance and you house is robbed, the gold is covered. Safer than a bank and probably worth more than being in one

  • While this is true, most people aren't going to shell out 1000 dollars for an ounce of gold.

    I mean, I will, I'm just saying most people won't...

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