Peter Schiff on CNBC on 2008.10.23 about dollar and gold
Peter Schiff on 2008.10.23 about the dollar and gold
February 7th, 2010 
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February 7th, 2010 admin 
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lol funny comment
I like how the fat guy acts so smart. If he was a money manager he would have gone bust long ago. Never trust anyone who’s ass is wider than their shoulders….
Peter Shiff makes sense.
The chick is dumb and hot. I like it!
yep, the Amero.
its already written into financial law, just not named.
I would quit college if someone would assure me I could talk to these 2 guys from time to time… I would learn way more!! At least some good austrian economics instead of keynesian bs
Again, our F’n media out to ridicule and make fun rather than have a constructive conversation. Ever notice that the media turns it out to be a ridicule session right before they end the interview? Psych warfare right in our own living room. Replacing the media would be one of the first steps to bettering our world around us.
Where are all the people that were ridiculing us about gold? Gold going up up up…
Dollar going down down down. At a record low vs the Yen.
Given the Fed’s actions, there is no way in hell that the dollar could sustain its headfake rally.
haha. erin tried to shut peter up. cnbc has to be unrealistically positive
O no, I don’t think that at all. All president candidates are pretty much the same, or at least controlled by the same source. What I mean is, Bush is a reflection of the American people,which is why he is there in the first place.
As much as I agree with you that Bush is a b*stard, do you honestly think that Gore would have spent less money in wartime if confronted with 9/11? Do you think that Kerry would have been less likely to condone the bail out of Wall Street than Bush?
No, what we need(ed) is a Ron Paul. Don’t believe me? Look him up.
the anchor lady is hot
That’s just it. I am looking at government debt to GDP ratio. It’s not manageable. Explain to me how a new president can change that trend. The only way that is possible if Obama stops the ridiculous fiscal spending. And he clearly has no plans to do that. The debt increases, the deficit spending doesn’t stop and the bail-outs will continue. Denial is not a good place to be my friend.
I wasn’t a gold fan either, but I suspect the US dollar will disappear and be replaced with something else tying the US dollar to China or the Euro.
its what you get when you vote Bush.
Down boy, down. That scum of a fat host deserves what is coming.
what’s wrong with french bankers? :/
diversify a bit. pick up some other metals and JimRogers suggested agriculture
I like how obama’s name lends itself to the creation of so many new words.
Guys, money is whatever people agree is money. it is the most liquid asset one holds, the most desirable. The Federal Reserve Note is used only because we are forced, but gold and silver have the best qualities for being money: desirability, durability, portability. Money simplifies trade. Gold and Silver may be the only things people will accept for trade after Obamanomics kick in…
Vicky85, buy gold AND silver. Also, hold cash (get a sturdy safe), the time may come ATMs do not have cash. I would not advise you to place all your savings in gold and silver, but I am placing 1/2 my savings in gold and silver rounds, bars and coins. Obama the Overlord may not try to confiscate metals รก la FDR, because the dollar is not backed up by gold and silver anymore, but one may never know… so don’t say you are holding metals.
and who is gonna build my toilet in a resource based economy?
But I do like the idea, money is a bad habit, it is worth discussing indeed =)
Money is actually not needed – it creates false scarcity. Money only serves to concentrate wealth to the rich. Check out venus project, for a description of resource based economy.
> I’m turning all my savings into gold bullion
> and we’ll see what happens in 3years good
> luck to us all.
Turn 1/2 of it into gold. Don’t be foolish.
And remember, get physical gold.
You never want to spend all your money. Sure you might lose some money but you need solvency during market interruptions.
Schiff is awesome. watch his older videos from a few years ago, he predicted everything thats happening in the economy right now.
I’m turning all my savings into gold bullion and we’ll see what happens in 3years good luck to us all.