Markets, inflation, China, Buffett, GM

Schiff Report Video Blog Nov. 17th 2010
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Category:

News & Politics

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• Peter
• Schiff
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• collapse
• crash
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• silver
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• doom
• inflation
• depression
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• rogers
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[TWSceptic]

@tquan0 Where did you get that idea? Inflation would rise for the US, not for China.

[TWSceptic]

@yasirjamal285 You don't know what you're talking about. Peter has been right about almost everything he said, and some of his experience came from his father. Their combined experience is at least of as much value as Buffet's. Furthermore Buffet knows a lot about investing & stocks, but his economical knowledge is limited. But it's a typical mistake of people to think that simply because Buffet is rich, he must understand economics better than anyone else. The reality is that he doesn't.

[TWSceptic]

@xanaduisfaraway No fiat money can survive, it's been proven historically.

[dmger14]

yasir,

Buffet didn't see the financial collapse in 2008 and Schiff did. Schiff gets my ear in 2010, not Buffet.

[yasirjamal285]

You are wrong,price controls worked during WW2 and post WW2. Revaluing the yuan would allow wallstreet and mr.schiff to buy chinese forwards with borrowed money and make spectacular gains while not resolving the deficit issue at all as imports will simply come from other asian countries. Bankruptcy of berkshire hathway would have meant that 257,113 employees would become jobless and the bailout money has been returned. Warren Buffet has 50-60 years of experience behind him and you don't.

[MrHarry46]

keep up the good work peter God bless

[mphet26]

@xanaduisfaraway like a dollar

[xanaduisfaraway]

peter what u feel about euro, can it surive

[tayweewen]

US could salvage its debt crisis partially by selling their own key assets like mines, company and real estate in New York to China. This is not just happening now because of USA's pride.

[anunnaki2006]

Is it any wonder the U.S. Government attacked Toyota like they did? It was pure economic warfare since the U.S. Government have GM since its collapse and now needing sales. Toyota doesn't sit well anymore ruling the roost of the U.S. automobile market. Make note of Toyota's banking system too.