8/23/2006- Ron Paul Supporter Peter Schiff On Bloomberg

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Category:

News & Politics

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• peter
• schiff
• fox
• business
• news
• housing
• bubble.
• mortgage
• meltdown
• credit
• crunch
• inflation
• gold
• foreign
• ron
• paul

[oyohan]

but if you had listened to him then... you would have missed out on 3,000 points on the dow. not saying hes wrong but hes been doom and gloom since 2002. hes 5 years early.

[PhilDeCarolis]

If you follow Peter closely, you'll see that he says we should have had a recession after the dot com bust but Greenspan lowered interest rates forcing another Bubble instead of allowing the US to enter recession then.

[adrock5151]

He makes a lot of sense, but most are in denial and won't believe what he has to say, until its too late...

[goldnbare]

The U.S. is now less than 50% of world GDP. There are other stock exchanges and world "Blue Chip" stocks. My global portfolio has done exceptionally well and also benefitted from the forex difference. My gold has doubled. Peter is dead on. I am so glad I stumbled onto him. The only U.S. stock I own is Transocean (RIG).

[psychientology]

Peter's been right a lot.

[phazttraxx]

He even mentioned Wal-Mart crashing. He need to work with Obama.

[eyewitness043]

Give that man his props.

Truth is truth no matter when you find it. But to do a 2-year prediction that kind of accuracy is pretty impressive. Even for a guy from Connecticut.

[agfigueroaa]

almost perfect his predition. The only mistake is that FED decreased the interest rates, instead of increasing. He assumed a "goof FED", instead of an "evil FED".

[nibelungensohn]

What's up 3000 points worth when your dollar is depriciating more than that? DOW is actually down in real terms.

[nibelungensohn]

Gold is close to $1000 now. Let's see if it will actually hit $2500.

[secretbonus]

it won't work, how can you solve lack of value by printing more money and lowering it... look at all the headlines a year before the major stock crashes, they're all saying things like "nowhere but up"

[secretbonus]

but even worse, your dollar won't be worth much overseas. But if you had invested in global you'd be better anyways... Besides he said to invest, just not in the US... And the dow only represents 30 stocks anyways not a good indicator. long term, it's going to crash and a major warning signal has already begun today (1/22). Expect it to come back up for awhile maybe, but it won't be able to maintain this. They're spending more money and printing more money to try to kickstart it...

[secretbonus]

but it's all artificial anyways... it's not the stocks that went up, it's the value of the dollar that went down, meaning the dollar might have been worth $X of gold, or of silver, or of oil or whatever, but it can't buy as much, so if you own a stock, you might be able to exchange it for more money than you started with, but it's worth basically the same, that's what happens when the dollar is manipulated and loses it's value, and you hae the illusion of going up...

[TYX91101]

The idea that the U.S. will crash and Europe & China will continue expanding is ridiculous. Look at the long term charts of major world stock indexes - they all got hammered in 2000-2002. It's a global market.