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Another new low for the Dollar

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Uploaded by on Oct 21, 2009

Sorry for the sound, no need to listen if it bothers you. Mic level was too high, forgot to adjust it. No time to re-record, will have it fixed for the next blog. Also check me out on
http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

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  • Peter... I'm going to send you a mic

  • The truth isn't delivered to you via HDTV on cnbc in crystal-clear surround sound. To hear the truth, you sometimes have to listen hard, even when it hurts your ears. :)

    Permabear? LOL How about PermaRight!

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  • The media and government are PermaStupid.

  • Compared to what it was last year and compared to historic averages. Last year oil was around $3x a barrel and now it's hovering in the 70's..

    What is so confusing about the statement "even used car prices are up"?

  • "Oil is up"

    > compared to what?!

    "even used car prices are up."

    >"even"? makes perfect sense, I doubt that new cars will stay more expensive as the demand continues to go down after the end of gov. programs.

  • The dollar dropped from a high of 90 in March.

    There is plenty of inflation, have you checked your food bills lately? Oil is up, NG is up, car prices are up, even used car prices are up. The CPI might not be high, but my pocketbook sure does feel the inflation.

  • now it is mid 2/2010 and the barrel is $74

    Peter Schiff forcasted $100 by the end of 2009

    there is no inflation, exept in gold and the dollar has gained ~9% since the beginning of the year.

    Did you ever consider the the degree of capacity utilisation? it is low, that could lead to deflation.

  • Inflation benefits those who receive the bulk of the newly created fiat income first... those politically connected to the corrupt power structure.

    Bernanke promised not to let money creation be too slow... he seems to be in fear of deflation, not hyperinflation. And when the Fed makes a monetary policy decision, it usually overshoots its target (too much inflation rather than too little).

  • the feds job is to preserve the value of elite transnational capital mostly denominated in $. It will never allow hyperinflation to destroy the value of the debt issued to the slaves.

  • You are a very smart man, I'd vote for you in a heartbeat. Unfortunately I don't live in CT but you have my vote the moment you run for president of the United States. Keep up the good work, oh and by the way adjust the camera down just a touch.

  • arguably the Fed HAD TO raise interest rates sooner than planned because the weakness of the dollar had driven away foreign investment and foreign creditors.

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