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Peter Schiff Explains What Today's Global Fed-Funded Bailout Means For The Future
If anyone is still confused by what has transpired today, here is Peter Schiff explaining in simple words, why what happened "may be one of the most important economic events of the year" and what to do next: "Today’s unprecedented announcement by the world’s most powerful central banks was a loud and clear bell ringing to buy precious metals. The move, disguised as an attempt to help the fragile state of the global economy, is in reality a move to prop up failing banks in Europe and the US. By reducing interest rates paid for dollar swaps, central bankers are in effect increasing the quantity of global dollars in circulation. The result? The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed. I urge you to take 7 minutes to watch the video I recorded exclusively for my subscribers a few hours ago. It explains, in plain language, what happened today – and what is the likely outcome for your portfolio. This may be one of the most important economic events of the year." And pardon Schiff's self-promotional piece at the end, but the truth is that he is essentially correct about what the actions means from a big picture perspective. Furthermore, as Goldman made all too clear, this is merely the beginning as more and more inflationary actions have to be undertaken by central banks to save banks from being crushed by untenable debt loads. Whether they succeed in overturning the deflationary tsunami is unknown. What is certain is that they will bring fiat currencies to the verge of viability (and beyond) in trying.
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hmm...it means bad news bitchez
Oil
Peter Schiff is ghay and the global elite like him. (Get it?)
While maria bartromolomohomo was blowing alan greenspan for a perfect dollar policy in 2005 peter schiff was the only sane voice
When the winning team 'inks' (squid reference) a deal with you $$ and you change your tune in a heartbeat..... ($get it?)
Remember PS is just a man and NO man is an island.
some niggas don't care much about money; mores about ending the white mans rein.
"Kill'm all, and lets God sort'm out." Martin Luther King.
God, you guys (Carlyle and lemon) are gross. Go ..somewhere. Rub helmuts for all I care, just leave.
http://www.youtube.com/watch?v=ckJM4-m_CoY&feature=g-u&context=G13a7eFUAAAAAAAMAA
More than 7 days of food in your house? Potential terrorist!
Rand Paul highlights just how dangerous the National Defense Authorization Act could be for the American people if gets passed by congress.
Codex Alimentarius? Agenda 21?
It's closing faster than you can say Jack OR Robinson.
Plus, they just sort of re-authorized Horse Slaughter for meat. Not a good development.
ORI
/the-plan/
ZH is hitting the establishment where it hurts
look at all these ridiculous racist/hateful comments
check the IP addresses on these commentors and you'll prob see .gov and .mil
first they ignore you, then they laugh at you, then they fight you (or try to sabotage your website), then you win.
I wonder why anyone would be worried about FOOD SHORTAGES.... http://www.squidoo.com/food-shortages"
the above is spam
quit being a pussy. you have to fight fire with fire. you ever deal with a bully in school; shit, first sign of trouble; beat the shit out of them, get them on the ground, and say, "next time, i'm fuck'n you in the ass." you'll never hear a peep out of him again; and you and all your friends can safely play on the jungle gym.
the world is going into prision rules, as we all realize we just slave on a giant slave ship.
never show your golds though, that'll cause mob confusion. and you'll be torn a apart.
I'll echo the "please leave" plea, those two have absolutely nothing constructive to say, period.
They got in in for Schiff and I could care less why.
Been following Peter's statements for years and he knows his stuff. If people don't like his message, well guess what, don't read it!
Lemon Brain..... that wasn't King.
http://en.wikipedia.org/wiki/Arnaud_Amalric
How about
Gonna Get Me a Shotgunhttp://www.youtube.com/watch?v=zGBw8jS3sMw
Peter Schiff: "…a lot of people think this is a bailout of the EuroZone - it's not, it's a bailout of the banks on both sides of the Atlantic…" and "…it's not only… look at China…"
Too bad you have a 85 IQ.
my iq is 68.
if your innuendo is that peter schiff has been somehow compromised with a bribe from the establishment, i suggest you present your evidence to back that up.
schiff has been pro-PM, anti-QE, anti-fed, for quite some time, he is not changing his tune.
going around making baseless innuendo, and calling someone "ghey", makes you a worthless loser, a distraction, a bug that should be crushed, you don't belong here, you don't have anything of value to add. you may now report back to your masters at bank of america and report that you failed in your mission.
Peter Schiff's dad Irwin Schiff is in jail, likely ultimately as a form of censorship for his books on the corruption in the IRS and Socialist inSecurity system. Peter rarely talks about this, but I think it fuels his vehemence at the system. I think it highly unlikely he's been compromised by the system...
Idiot.
Unless 'they' have promised to let daddy out of the cage early if and only if you do and act like this;
http://www.europac.net
With or without his felonious influences Schiff will not be your new president;
http://jewishfaces.com/banking.html
Peter Schiff, economics expert regularly featured on several stations, descendant of the Rothschild lieutenant Jacob Schiff, and married into the Gore line, Al Gore's daughter Karenna Gore Schiff
Peter Schiff has clarified this many times on his radio show. He has a relative named Jacob Schiff, but it is not the same guy as the one you and your link reference. Obviously, that link is at best mistaken and probably just plain lying.
As for his wife, he is divorced. I don't know anything about his x-wife. He (smartly) does not speak of her publicly.
He isn't related to that Schiff.
Karenna married the doctor Andrew Schiff, not Peter Schiff.
A different Jacob Schiff was involved. He's Jewish, which is hardly surprising, but the details of his mother's lineage are unclear. A Jewish bloodline is matriarchal so it doesn't matter if the father was Jewish or not, as only the mother's side counts in defining if you are Jewish, by birth. Peter Schiff is claimed to be Jewish by Jews, which implies his mother was indeed Jewish, though not necessarily his father (though he was too).
He has a degree in finance and accounting and his first position out of school was at Lehman Bros as a financial consultant. i.e. he hatched as a banker. So yes he's a "Jewish face in banking", but not from that Jacob Schiff lineage.
"Buyer-beware" is almost zh's second moto, along with this advice:
http://www.zerohedge.com/about
If schiff is saying buy gold that's hardly worth talking about. He's really saying is the system knows the situation is hopeless, the jigg is up, so buy gold while it's still fairly cheapish. Of course, what goes up comes down and spiking bubbles always pop. Over 15 years you can see it is getting ready to spike. But paper always comes back though, because the human mind always creates a world built from a stack of lies and myths, held together loosely by bullshit mortar.
The Jews just take advantage of the routine goy failure to realise this, and face the fact of it. And yes, they do try to ensure we are in no position to learn it for ourselves. Instead, we are trained from birth to believe in the lies myth and bullshit, and to deny the bits we don't or can't believe in, and we call this enlightened and secular. The Jews however keep their accumulated knowledge close to their chest, and pass it along the family. They like to know more than the rest of us about the deeper nature of the human mind and the way it works.
Given this, why wouldn't they treat goy with complete contempt, and take advantage of all this ignorance layer-cake?
Just look around you - it is fucking contemptable - and fantasticly ignorant and glorifies stupidity. They like it this way. This way works for them. And most humans just aren't up for a trained and orderly mind.
What would you do?
The real answer is wise-up, pay attention, and do it better than they do (if you want to be a wonton criminal parasite which constantly runs humanity up dead-end canyons ... but like hedging, when everyone does the same thing, it doesn't work anymore, the advantage is gone).
Element, I wish you wouldn't say *the* Jews.
It sounds kind of prejudiced and the effect is self-fulfilling, driving people together that need not be driven together.
Fair enough, they are not all the same, but what do we call them then? Conservatives often refer to themselves as "the Jews". One of the problems is, it is a (genetic) bloodline definition, via the female lineage. Even though in Abraham's time Jewishness was via the male blood line. All the Jewish tribes were named after a patriarchal son, not after a daughter. The males line is what Jesus supposedly descended from Abraham by (though I still don't know how Mary explained this on the Birth Certificate).
The curious male to female lineage swap-over came later, due to goyim generally realising that if they just killed ALL *the* male Jews, *the* Jews would be finished - problem solved!
Or so they thought.
*The* Jews then secretly and very pragmatically simply switched genders, and it remained this way since. So people in Europe presumed they had wiped out this menace of Jewish financialism and political and legal conspiracy, but not so as it just came back via mom.
I know what you are saying and it is valid up to a point, but let's face some facts and not get too politically correct, this was family, a tribe, and a race that did not integrate, and who largely still don't. The idea of Jewish conversion was always a ruse, a social and political tool, not the creation of real *the* Jews. They were make-believe 'Jews' mostly for business and marriage needs, etc.
Conservative Jews simply didn't and still don't accept that any Goy can ever become a Jew, because it isn't about the Talmud at all, it's about the family, and tribal lineage back to Abraham. Conservative Jews that I knew told me that directly. Indeed, a Jewish girlfriend of mine told me her grandmother and geriatric friends had told her directly that she was of pure Jewish blood, only because her ancestors had struggled for 3000 years to maintain the lineage's purity, so who did she think she was to dishonour all her ancestors, and change that, in the next generation?
As you can imagine, it's a compelling argument to put before the young idealistic and very brainwashed Jewess (or rather, the mother of all guilt-trips and mind-fucks) and its argument routinely used to try and prevent marriages with *THE* GOYIM.
And yes, the goyim is really what they call us, it isn't out of vogue, that is the language they still use. They have ZERO intention of changing that practice BTW. Let me just add, my girlfriend was nothing like them--yet. She was just like any other young Australian woman (except she had just got out of the IDF and all of its racial ideological world-view mind-fucking).
There is a no bullshitting *THE* Jews tribe, and they are completely race-based, and yes, you are thereby excluded, and will only to be put up with, if it is absolutely necessary, to maintain social and discretionary niceties.
As far as they are concerned I'm the foreigner, and in my own country of birth!
But they are not interested in the State of a person's birth, not even for Israel (just ask any Arab 'Israeli' ... these are the 'Claytons' Israelis). They only care if your mother was a real Jew, or not. i.e. if you are of THE JEWS, or, of THE GOY.
They made that hard-line distinction, I didn't.
I only discovered it via dealing with them up close. I did not grow up with ANY grudge against Jews, and I don't know anyone who did. No one taught me to hate or think any less of them (actually, it was precisely the reverse, I was thoroughly versed on the WWII stories etc.).
I simply got to know them and what they really think and do and say, and I was appalled and disturbed that these people were in our society, that we had welcomed them in, when they truly do in fact despise us, and consider us beasts or burden and low-life scum, not worthy of breeding with or integrating with.
Those are *THE* Jews.
Fair enough, they are not all the same, but what do we call them then?
Sabbatean-Frankists. A cult that hides behind jewry and mobilizes them into unwitting supporters of their satanical agenda by utlilizing a self-fulfilling loop of intentionally created anti-semitism against a group not even "semitic" in origin (for the most part) They worship money, power, and numbers, and fear our awakening to their mind games.
Cliff Shack has the goods on these monsters, but as will all the real truthtellin sites, got his screwed around, you have to go through web archive to find his treasure trove of information. http://web.archive.org/web/20091027064106/http://cliffordshack.com/
yeah "the jews" are an arrogant bunch, but dupes, like us, nonetheless.
Hmm, quite an archive in there, thanks for that link, will take look. This guy Cliff shack, if still around, should zip up that site and upload it somewhere as a downloadable file.
Element tries to educate you but never-the-less, you continue to bang your head against the wall.
Thank you for reading at least.
Peter Schiff is extremely dangerous to this country and to the original ideals of our founding fathers. Beware. Nuff said.
Thanks, Joyful. Very informative links there.
I know what you are saying; it is the excusivity of the "tribe/club". My point was to leave a space for those who are born into the tribe, but have the courage to resist the zionist and financialist direction into which the tibe is herded. The Chomsky's, Finkelsteins and many others, who are painted as "self-haters" and are even denied access to Israel. Being called *the* Jews leaves them no free space, they want to be just human beings, whatever their paternal or maternal line. Yea, Obama too. They need to be encouraged, not herded.
Don't get me wrong, I know several Jews very well, all female for some reason who basically completely ignore Jewishness and are not the slightest bit interested in it's nonsense. They are just like me. They tyically pull a face of disgust, or roll their eyes if Israel or Rabbis are mentioned at anytime. I like these women a lot, they're smart, pleasant, and two of them I call long-term very close friends. I notice these wemen are black-sheep type personalities, people who go their own way, and are somewhat distanced from their families, often because their family lives in another country, which allows them to distance themselves from anything overtly Jewish. And it seems this is the reason why they left the fold. One of them did wear a star of David when I first met her but that was more a habit, than from closet-Zionist tendencies. They want to go their own way and do think for themselves, so I don't even regard them as 'Jews', simply because they don't identify with the tribal blood-bond in any way, or the 'religion', and the state of Israel is foreign to them. The only way you'd ever guess they were Jewish is their very stereo-typical Jewish surnames. Only one looks like she might be a Jew, but she looks just as much Italian. I'm very glad to have met these beautiful ladies, they helped me enormously to understand the nature of things and what is going on in the world, and I hope I've helped them just as much to comprehend the endless social and mental manipulation we have been subjected to.
It is because we understand this, together, that we're such true friends for life - no matter what happens.
*The* Jew-ishness may be a racial bloodline definition, but ultimately, it is only held together via direct Jewish cultural influences and indoctrination, and that culture is deeply unsatisfactory and dysfunctional and an out-moded JOKE in a connected world, where closed cultural ghettos that do not, and can not integrate, are simply not acceptable.
Particularly in the form of a State within a state.
It's high time to put a stake through the heart of that sick and depraved cultural influence is all I'm saying.
As for the males, every male Jew I've ever met was an arrogant jerk who I detested. And they all love butt-fucking. Don't believe me? Just ask any Jewish girl and they will readily confirm this. A girlfriend eventually asked me if I wanted anal sex with her (which BTW, I didn't), because she said, every boyfriend I ever had wanted to do that, and I thought you would too. When I said I only wanted to make love, not cause her pain she said (and I quote), "oh good, because it reeeeaally kills!".
Hey Jew dudes, girls, any girls, want real sex, by which I mean "making love". They do NOT want animalistic cold-hearted butt-fucking, you disgusting grubby self-indulgent cruelling idiots.
Get a clue you dismal sadistic stink-dicks! I've finally grasped why you cruellers all get circumcised, it's nothing to do with a "Sacred Covenant" with god, instead it's just a practical means to reduce the amount of shit clinging to your knobs, and resulting stinketh, and infections.
You dirty fucks!
There's a reason why so many Jewish girls fall in love with a goy man, they actually know we're far better people than what they're used to.
So, ... Goy men, be really nice to Jewish girls, they won't ever forget the contrast.
Make love ... not war!
Carlyle, you are retarded. Someone scrub his comments, they make no point whatsoever.
Furthermore, i hear he likes the take of penis on or around his mouth.
no, he's not retarded. He's an escapee from a tel aviv hasbara cubicle, gone rogue...apparently even Mossad has discipline problems. He's been on a tear here for a couple of weeks with intent to spread disinfo and stir up the pot...
Now he's simply threadjacking. As long as he gets a response he'll be around. All trolls feed on attention. Starve them for it and they drop offa the host.
and your last name is Groupie. You were probably conceved on Bon Jovi's tour bus.
Why don't you just admit that your name is Mike Norman and that you have some weird obsesion with Peter
Ok. It's weirder than that. I own a website called eatpeterschiff.com and me and my 1.6 million devotees want to literally eat peter schiff.
Now it's out and I feel better.
Oooh- edgy.... Yawn......
Please shoot yourself in the head you piece of dogshit.
It you need some help with that, I'll be around.
'Use of Stupid' has names and addresses. Please come visit.
your posts are a metaphor, Like you giving the finger to people. To us, it's like you showing us the number of friends you have. (before your dog died)
Does that mean you're not going to come visit?
This is my curious look
If you do come visit can you please bring Peter "Rothschild lieutenant" Schiff with you? I need some live target practice.
Oh yeah, remember Mike Norman? Whatever happened to him? Those final Youtube videos he posted in 2009 looked like they were filmed inside the treehouse in his parent's backyard.
Pete Schiff is an interesting guy and his Dad is still sitting in the Federal Pen forever and ever, I think, I'm curious to know if the Family relationship go's back to Jacob Schiff, federal reserve innovator or is that just a coincidence ?
http://en.wikipedia.org/wiki/Jacob_Schiff
Curiouser and curiouser.
Do you honestly think he'd get so much free airtime on Imelt-CNBC if he was not a member of the tribe?
Jim Rogers, Marc Faber, Kyle Bass. What do these gentlemen have in common?
Answer: All are gold bugs and all are on CNBC regularly.
Nice one Carlyle.
Putting Rogers, Faber, or Schiff in the same sentence as Kyle Bass shows me you are not paying attention. Dummy.
you just an anti-semite. when you get passed all the nigga shit, you realize we all just monkeys dancing to similar tunes. you need to quit being jealous of some heb-niggar cause his folks were smart, and made him study; kinda like the white man blaming chineese cause they work for nothing... it's all bullshit, you just a nigga like all of us. "celebrate your inner nigga" Walt Witman.
Zero Hedge comments are in a sad state of affairs. The articles however, are well worth the read.
"Do you honestly think he'd get so much free airtime on Imelt-CNBC if he was not a member of the tribe?"
Schiff is a popular guest at CNBC u Hack! Thats why they have him on the show.....They get tons of emails everytime hes on the air... get a freakin clue
Peter has addressed that on his program when he interviewed the author who wrote the book on The Creature on Jeckel Island about the Federal Reserve. Jacob Schiff isn't related to Peter Schiff but Peter Schiff did have a great grandfather named Jacob Schiff I believe.
Jacob Schiff isn't related to Peter Schiff but Peter Schiff did have a great grandfather named Jacob Schiff I believe.
Your circular logic does not impress me.
Look. The man is not in an elected position. He is his own boss. There is no reason why he cant just say "Look you idiots, you are dealing with the global Kahal here and they are bent on world domination." If he said that maybe then he might be in the clear. Untill he says that, as far as I'm concerned, he's just trying to make a buck while the system is in transition.
Hint: There could have been more than one Jacob Schiff back then.
Oh, is that why there's 48 different Peter Schiffs on IMELT-TV every day telling us about the economy?
The lineage is documented and honored by the tribe.
You must be either a masochist and bitter about your life's prospects, or you lost all your money in the stock casino.
Either way, there is no hope for you.
Vote for Peter! We need more deception in this cuntry!
List of Peter Schiffs:
http://www.whitepages.com/dir/a-z/a-z/a-z/2?search_id=01301443171012989153
Keep spinning bitch. You have already been discredited. Your desperation is oozing out of your pores.
You're not the least bit crazy.
Noob ass-clown. They got you up to what - a nickle a post?
It costs $5 to dig his posts out of the ground.
What a waste of good money --- my German Shepherd has been leaving steaming piles of his posts around my yard for years now, absolutely free.
I don't think you are impressing anyone Groupon.
If it walks like a duck.
Stacking12345678910
"i suggest you present your evidence to back that up."
How do you like those apples?
Comedy! Peter Schiff has been spot on so many times. Just heard a great interview on his podcast today where he debated some mindless keynesian and schooled him to the real world. Plus I saw him at a conference earlier this month. Peter Schiff is a total scam and a cheat as he uses logic and common sense to come up with his theories...the nerve.
USD swap lines are Qualitative Easing, where the original bank's USD debt obligation is swapped for a Fed USD obligation (essentially a promise to print by the printer).
The quality of the currency has been altered, rather than the quantity which is obviously the case with Quantitative Easing.
Quality or quantity, this is all they control.
Denninger must be having an apoplectic shit with all this talk everywhere about gold, gold, gold! Oh my!
Calm down now, Karl. Now go pour yourself a big stiff golden drink.
I had to give up on him. He doesn't favor gold. He thinks central banks are needed, WTF. His absolute refusal to hear out any 911 arguments that contradict the official story. Plus....he seems to be "screaming" all the time in his posts. I understand his desire to get people to act, but unfortunately the brain dead numbers far outweigh the enlightened ones.
The only way for us to change this disastrous course is to march on Washington by the millions. Forget the signs. Try something a little heavier. Walk in...state these words "YOU'RE FIRED". Not a shot has to be used. The power is in the numbers. How many people are willing to do this?????? Well, here's 1.
No, we have to ignore Washington by the millions.
We HAVE BEEN ignoring Washington. What has it got us? A totally corrupt government that is firmly in control of the bankers. Their agenda is NOT beneficial for peace on this world. My time here is a brief millisecond in the billions of years of this thing called life. Shouldn't our time be enjoyed for all it's worth instead of wars, early death, greed and thievery? Same old shit......a few rule the many.
Get RID of the few.
No, really ignore it. Starve the beast.
If people cancelled cable and shut off their TVs it would get their attention. Sadly - Americans now are mororns who love the 24x7 brainwashing in HD.
You are not ignoring Washington. They put you to sleep... and you eventually woke up to discover you were being "Reggie Love'd".
......is she related to Maria Buttaroma?
Never can forget her touting Micron day in and day out because her hubby had it long in his fund....of course it eventually crashed, thankfully.
LOL
Buttaroma
I think I need,
Incorrect, as Jim Rogers & Dr. Faber were also stating warnings.
Many others as well outside the edge of MSM.
Schiff is good, not God.
You are a fucking asshole.
http://www.youtube.com/watch?v=EjYLRxHWKiQ
I don't know if he's gay but the global elite probably do like him since he mocked 911 truth and said the 911 Commission was just fine:
http://peterschiffchannel.blogspot.com/2010/03/peter-schiff-on-9-11-conspiracy-theory.html
There you go + 1. That settles that I hope.
What happened to the magic number 47 (I think that was it, or was it 42?) of junks that took care of bozos like this?
Been gone since junks became arrows.
Did you have to use your moms computer to give yourself a second green arrow.
This is nothing more than ZH paying their bills. Nice product placement.
First central banks load up on bullion. And then they print like it`s going out of style.
http://seekingalpha.com/article/305766-following-the-big-money-to-gold
ANOTHER nice, tight bull flag on Gold:
http://www.oilbull.com/gold-price/
However, oil has been looking relatively weak today, why?
http://www.oilbull.com/oil-chart/
You all stock up on gold. Im stocking up on bullets ;)
Well after all "copper jcketed lead" IS a precious metal. I too will be adding to my supply of 9mm, 45acp, 5.56, 7.62 and of course 22lr
....already loaded the proverbial boat....the 22lr's will be useful for making small change...the 223's will be the most in demand followed closely by 9mm and 45acp's.....also have a few hundred rounds of 45/70 for bigger ticket items...
7.62 x 25
http://www.theboxotruth.com/docs/bot29_3.htm
Wise man
Some good dogs work just as well.
http://www.youtube.com/watch?v=EjYLRxHWKiQ
The venerable Mike Norman of John Thomas Financial disagrees: http://www.youtube.com/watch?v=_aJAW3Cx2mI
I was the 14th person to watch that video. I don't see it going viral.
No, but it's good for a hearty chuckle...
At least nobody has any doubts anymore about coming attractions. TPTB are going to default by inflating the currency. People with savings have been warned. Spend, buy PM, or witness your 'liquidity' vanish. Go long whisky too.
The invisible bubble for the general public and the CFA indoctrinated Equity Portfolio manager who does not know and has not reflected upon the two alternative definitions of money, that is the first based on IOUS which is the best after a debt destruction (look at equity rallies post 1932 and 1980) and the worst during a debt saturation point.
SO FOR THOSE CROWDS THERE ARE IN THE INVISIBLE BUBBLE. LIKE A TRAIN IN TRAIN STATION MOVING AND YOU THINK IT IS THE OTHER TRAIN NEXT TO YOU WHICH IS MOVING BACKWARDS WHILE IT IS YOUR TRAIN WHICH LEAVING THE STATION. AT SOME POINT THE EQUITY PM AND WORST THE PEOPLE HAVING THEIR MONEY IN TREASURY WILL SEE THE PEOPLE ON THE DECK OF THE TRAIN STATION WAVING THEIR HANDS AND THEIR WILL PANICK.
please.
his arguments are pretty solid but how about making it a bit more balanced? Gold was pretty flat while everything nearly went to hell a few years back.
Schiff Fuckers!!!
I don't get it.
Substitute Bitchez for fuckers and it will make sense...
Ahhhhh...
Good News for PM holders! Bring-it-on Bitchez'
Printing Money (Bernanke) is like mud wrestling pigs (PM's). At the end of the day everyone gets muddy and the Pig loves it!
Rather like Central Banks, the Fed in particular, as the unelected worldwide rulers of us all. Not all that surprising when you consider that there were more tents set up for Black Friday camping for one night than there have been in all the "Occupied" protests combined so far. The sheeple make it easy.
" I urge you to take 7 minutes "
get your shinnys while you can well said ZH !
dont forget you 12g
What kind of a person takes 7 minutes to watch a 5 minute and 12 second video anyway?
Sheesh.
....the same one that requires ninety minutes to watch 60 minutes.
It's what time?
Schiff is right but I still want to smack him and take his lunch money, don't hate me!
Try that and you'll probably get the same treatment Ron Paul gave to his kidnappers:
http://www.youtube.com/watch?v=Kb_YgzZnbhA
CLASSIC
,,,NOTHING PETER SAID OR DO CAN STOP BEN FROM PRINTING PERIOD,,,Keysian>Autralian for now,,,till war breaks out,,,and system collapse,,,rally continues for many months,,
Autralian? :)
Maybe in another 2 weeks he'll figure it out.
pop another shrimp on the barbie
http://www.youtube.com/watch?v=mqVzRD_nWLQ
"loverly accent...New Jersey?"
LOL
lol, such a dick ... too funny
Koalatative easing.
hahahahahahahahahaha
f*cking classic
The Australian School of Economics, being based on the bottom, opposite side of the world from the Austrians, naturally are the ultimate advocates of soft money: money backed by down pillows, marshmallows, Keynesian fluff, Obama's intellect, etc. They are rarely seen on the lecture circuit, however, because nobody can ever figure out what they are trying to say. But one can often find them in watering holes where hamburgers with thick slices of beets are served.
Australian economists are not to be confused with the Keysians, who believe that the solution to governmental overspending and debt is the widespread and rigid utilization of lock-boxes; Al Gore is a notable Keysian of recent fame.
Not sure about Australian economics, mate. You should double check your wiki facts before you begin your tricia-takanawa-style rants. Me love you long time
Has the Schiff hit the fan? PM's people, but the math I did today dosen't add up to what the Fed's pumped in to the ratio of what Gold appritiated today. But WTF do I know?
He may be right in the long run. But for now I think he is wrong. The dollar is going to 89, it's just building up some steam for a higher move. Gold only traded 14k contracts today which is nothing.
The bullshit paper Gold market is meaningless.
That maybe...but it's still the price you go by..right? And when the day comes (and it will) that you don't have that price to go by.. just hope you're holding plenty of food and ammo. Did you see those black Friday shopping videos...what will those people be like when the shit really hits the fan?
Those morons will start by killing each other and then we can deal with the remainder! GOT GLOCK! oh.... and 12 gauge and 7.62!!
END THE FED!
but it's still the price you go by..right?
The paper price is never the, in your hand, price for physical. When the paper price goes down, the premiums go up and the availablity evaporates.
So, how many contracts traded on the Comex today is about as relevant as what type of douche Kim Kardashian uses. Although, I would speculate it is industrial strength.
But you do have to earn the paper to buy the phyzz so the paper price does matter to some degree. Sure, once you have it in your possession, it matters less.
The Fed will never let the dollar go that high.
If they keep inflating, which is primarily showing up in consumer commodities, while wages keep nose diving, they really are asking for pitchforks & torches.
this time is different
It could be.
Occupy Turns on Obama:
http://cityroom.blogs.nytimes.com/2011/11/30/occupy-protesters-mobilize-for-obamas-visit/
No. The majority of Americans make no connection to the privately-held Fed, fractional reserve banking, etc. They want the Fed to do something, anything. The PTB wants to maintain control. Deflation through inaction with cause unrest. Inflation through doing 'too much' can be blamed on many things, or easily distracted from.
Inflation is the path of least resistance.
yup. an oldie but a goodie
As Bobby Zimmerman prophesied:
[...]"Gentlemen, he said I don't need your organization, I've shined your shoes
I've moved your mountains and marked your cards
But Eden is burning.
Either brace yourself for elimination
Or else your hearts must have the courage for the changing of the guards.
Peace will come
With tranquillity and splendor on the wheels of fire
But will bring us no reward when her false idols fall
And cruel death surrenders with it's pale ghost retreating
Between the King and the Queen of Swords."
- Bob Dylan, Changing of The Guards
Yay truth!
To the MOON, bitchez! **maybe...
Schiff rocks. Keep making money off the bankers, man.
I am a huge Schiff follower. He has been dead on with the metals. He has screamed for years now though that interest rates are going to explode higher and so far he has been dead wrong. In the US anyway. His general consensus though seems to be playing out.
Interest rates outside of the US have been going up and interest rates on US consumer Credit cards, auto loans and student loans have also risen. Only interest rates tied to 10-Yr Treasury have remained low. although at some point these will decouple from the 10-year as investors and banks re-adjust rates to reflect real inflation/default risks. Gov't bonds will remain low for a very long time because the Fed will just continue to buy them.
Thats true but my f'ing tbt is tied to treasuries.....dammit.
we've been exporting our inflation as the fiat felon. At some point the world will call that bluff and the numbers will go crazy
Yes... but consider that most of 'the world' is now run by central bankers, who rely on the USD system to perpetuate their power.
Any country's leaders who threaten to defect will likely be bribed, threatened, given cancer, assassinated, or have their country 'freed', in that order.
I can't see it lasting forever... but it could take quite some time to come to an end while the US military is still top dog.
This is why the reports of Iran's ship-killer missile systems is so interesting... knock out a few carriers, and the US' ability to 'project power' (ie, demand protection money) takes a big hit.
as history has taught us, a military stretched all over the world is not an economy, it's its nemesis.
He's wrong about the interest rates only because he's right about how twisted the Bernank is. If the Fed wasn't in lunatic mode on their print-mobile, and there was any semblance of a free market anywhere, rates would be higher than during the Carter era.
If you read Griffin about the Fed (the creature from jekyll island) he believes one of the goals of the Fed is to artificially hold down interest rates over time. This lessens the competition the banks have for lending. They can, after all, create money from thin air.
WWW.bigeye.com/griffin.htm