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Peter Schiff Explains What Today's Global Fed-Funded Bailout Means For The Future

Tyler Durden's picture


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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Wed, 11/30/2011 - 20:28 | 1933215 trav7777
trav7777's picture means bad news bitchez

Wed, 11/30/2011 - 20:37 | 1933247 BW
BW's picture


Wed, 11/30/2011 - 20:47 | 1933284 Carlyle Groupie
Carlyle Groupie's picture

Peter Schiff is ghay and the global elite like him. (Get it?)

Wed, 11/30/2011 - 20:49 | 1933296 I think I need ...
I think I need to buy a gun's picture

While maria bartromolomohomo was blowing alan greenspan for a perfect dollar policy in 2005 peter schiff was the only sane voice

Wed, 11/30/2011 - 20:57 | 1933321 Carlyle Groupie
Carlyle Groupie's picture

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.

Wed, 11/30/2011 - 21:03 | 1933337 lemonobrien
lemonobrien's picture

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.

Wed, 11/30/2011 - 21:24 | 1933403 clymer
clymer's picture

God, you guys (Carlyle and lemon) are gross. Go ..somewhere. Rub helmuts for all I care, just leave.

Wed, 11/30/2011 - 23:03 | 1933663 JW n FL
JW n FL's picture

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.

Wed, 11/30/2011 - 23:26 | 1933719 Oh regional Indian
Oh regional Indian's picture

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.



Thu, 12/01/2011 - 07:17 | 1934298 Comay Mierda
Comay Mierda's picture

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.

Wed, 11/30/2011 - 23:36 | 1933752 Midwest Prepper
Midwest Prepper's picture

I wonder why anyone would be worried about FOOD SHORTAGES...."


Thu, 12/01/2011 - 00:02 | 1933823 ArmchairRevolut...
ArmchairRevolutionary's picture

the above is spam

Thu, 12/01/2011 - 00:46 | 1933922 lemonobrien
lemonobrien's picture

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.

Thu, 12/01/2011 - 08:46 | 1934438 kralizec
kralizec's picture

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!

Wed, 11/30/2011 - 21:43 | 1933456 macholatte
macholatte's picture

Lemon Brain..... that wasn't King.

Arnaud Amalric

according to the Cistercian writer Caesar of Heisterbach, Arnaul Amalric supposedly responded when asked by a Crusader how to distinguish the Cathars from the Catholics,

Caedite eos. Novit enim Dominus qui sunt eius (Kill them all. For the Lord knoweth them that are His.)[2].

This is the origin of the modern phrase, "Kill them all and let God sort them out."



Wed, 11/30/2011 - 23:48 | 1933791 Misean
Misean's picture

How about

Gonna Get Me a Shotgun

Thu, 12/01/2011 - 03:52 | 1934178 Ghordius
Ghordius's picture

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…"

Wed, 11/30/2011 - 23:30 | 1933734 economics1996
economics1996's picture

Too bad you have a 85 IQ.  

Thu, 12/01/2011 - 00:48 | 1933926 lemonobrien
lemonobrien's picture

my iq is 68. 

Wed, 11/30/2011 - 21:27 | 1933415 stacking12321
stacking12321's picture

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.

Wed, 11/30/2011 - 21:45 | 1933460 Silverite
Silverite's picture

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...

Wed, 11/30/2011 - 21:59 | 1933508 Carlyle Groupie
Carlyle Groupie's picture


Unless 'they' have promised to let daddy out of the cage early if and only if you do and act like this;

Wed, 11/30/2011 - 22:08 | 1933519 Carlyle Groupie
Carlyle Groupie's picture

With or without his felonious influences Schiff will not be your new president;

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

Wed, 11/30/2011 - 23:29 | 1933733 7point62
7point62's picture

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.


Wed, 11/30/2011 - 23:39 | 1933758 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He isn't related to that Schiff. 

Wed, 11/30/2011 - 23:41 | 1933765 Irene
Irene's picture

Karenna married the doctor Andrew Schiff, not Peter Schiff.

Thu, 12/01/2011 - 03:32 | 1934140 Element
Element's picture

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:

" ... we believe not only that you should be comfortable with anonymous speech in such an environment, but that you should be suspicious of any speech that isn't." - Tyler

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).

Thu, 12/01/2011 - 04:38 | 1934209 Tompooz
Tompooz's picture

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.

Thu, 12/01/2011 - 05:51 | 1934217 Element
Element's picture

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.

Thu, 12/01/2011 - 06:04 | 1934253 JOYFUL
JOYFUL's picture

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.

yeah "the jews" are an arrogant bunch, but dupes, like us, nonetheless.


Thu, 12/01/2011 - 07:56 | 1934345 Element
Element's picture

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.

Thu, 12/01/2011 - 08:01 | 1934351 Carlyle Groupie
Carlyle Groupie's picture

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.

Sun, 12/04/2011 - 06:48 | 1943494 Tompooz
Tompooz's picture

Thanks, Joyful. Very informative links there.

Thu, 12/01/2011 - 20:17 | 1936791 Tompooz
Tompooz's picture

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.

Fri, 12/02/2011 - 05:15 | 1937677 Element
Element's picture

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!

Thu, 12/01/2011 - 05:10 | 1934229 infotechsailor
infotechsailor's picture

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.

Thu, 12/01/2011 - 06:10 | 1934259 JOYFUL
JOYFUL's picture

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.

Thu, 12/01/2011 - 10:12 | 1934653 kinganuthin
kinganuthin's picture

and your last name is Groupie.  You were probably conceved on Bon Jovi's tour bus.

Wed, 11/30/2011 - 22:06 | 1933522 hack3434
hack3434's picture

Why don't you just admit that your name is Mike Norman and that you have some weird obsesion with Peter 

Wed, 11/30/2011 - 22:11 | 1933536 Carlyle Groupie
Carlyle Groupie's picture

Ok. It's weirder than that. I own a website called and me and my 1.6 million devotees want to literally eat peter schiff.

Now it's out and I feel better.

Wed, 11/30/2011 - 22:32 | 1933583 jcaz
jcaz's picture

Oooh- edgy.... Yawn......

Wed, 11/30/2011 - 22:35 | 1933590 JohnG
JohnG's picture



Please shoot yourself in the head you piece of dogshit.

It you need some help with that, I'll be around.


Wed, 11/30/2011 - 22:37 | 1933598 Carlyle Groupie
Carlyle Groupie's picture

'Use of Stupid' has names and addresses. Please come visit.

Wed, 11/30/2011 - 23:10 | 1933682 clymer
clymer's picture

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)

Wed, 11/30/2011 - 23:42 | 1933699 Carlyle Groupie
Carlyle Groupie's picture

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.

Thu, 12/01/2011 - 00:11 | 1933847 Dave Thomas
Dave Thomas's picture

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.

Wed, 11/30/2011 - 22:18 | 1933553 IQ 101
IQ 101's picture

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 ?

Curiouser and curiouser.

Wed, 11/30/2011 - 22:24 | 1933566 Carlyle Groupie
Carlyle Groupie's picture

Do you honestly think he'd get so much free airtime on Imelt-CNBC if he was not a member of the tribe?

Wed, 11/30/2011 - 22:36 | 1933593 SHEEPFUKKER

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. 

Wed, 11/30/2011 - 22:40 | 1933608 Carlyle Groupie
Carlyle Groupie's picture

Putting Rogers, Faber, or Schiff in the same sentence as Kyle Bass shows me you are not paying attention. Dummy.

Thu, 12/01/2011 - 00:58 | 1933937 lemonobrien
lemonobrien's picture

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.

Thu, 12/01/2011 - 02:38 | 1934063 tyler
tyler's picture

Zero Hedge comments are in a sad state of affairs.  The articles however, are well worth the read.

Thu, 12/01/2011 - 08:02 | 1934353 TeMpTeK
TeMpTeK's picture

"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

Wed, 11/30/2011 - 22:26 | 1933568 juslen
juslen's picture

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.

Wed, 11/30/2011 - 22:35 | 1933592 Carlyle Groupie
Carlyle Groupie's picture

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.

Wed, 11/30/2011 - 23:04 | 1933667 redcorona
redcorona's picture

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.

Wed, 11/30/2011 - 23:05 | 1933671's picture

Hint: There could have been more than one Jacob Schiff back then.

Wed, 11/30/2011 - 23:17 | 1933695 Carlyle Groupie
Carlyle Groupie's picture

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.

Wed, 11/30/2011 - 23:33 | 1933744 Doña K
Doña K's picture

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.

Wed, 11/30/2011 - 23:37 | 1933753 Carlyle Groupie
Carlyle Groupie's picture

Vote for Peter! We need more deception in this cuntry!

Wed, 11/30/2011 - 23:46 | 1933782 Carlyle Groupie
Carlyle Groupie's picture

Keep spinning bitch. You have already been discredited. Your desperation is oozing out of your pores.

Thu, 12/01/2011 - 00:09 | 1933845's picture

You're not the least bit crazy.

Thu, 12/01/2011 - 01:06 | 1933949 Glass Steagall
Glass Steagall's picture

Noob ass-clown. They got you up to what - a nickle a post?

Thu, 12/01/2011 - 01:50 | 1934010 fuu
fuu's picture

It costs $5 to dig his posts out of the ground.

Thu, 12/01/2011 - 04:51 | 1934219 akak
akak's picture

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.

Wed, 11/30/2011 - 23:27 | 1933730 Teamtc321
Teamtc321's picture

I don't think you are impressing anyone Groupon.

Wed, 11/30/2011 - 21:53 | 1933479 redcorona
Wed, 11/30/2011 - 23:22 | 1933709 Carlyle Groupie
Carlyle Groupie's picture

"i suggest you present your evidence to back that up."

How do you like those apples?

Thu, 12/01/2011 - 01:49 | 1934002 Johnny Utah
Johnny Utah's picture

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.

Wed, 11/30/2011 - 21:06 | 1933340 nuinut
nuinut's picture

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.

Wed, 11/30/2011 - 21:15 | 1933384 The Big Ching-aso
The Big Ching-aso's picture



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.

Wed, 11/30/2011 - 22:25 | 1933565 Ima anal sphincter
Ima anal sphincter's picture

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.

Wed, 11/30/2011 - 23:07 | 1933673's picture

The only way for us to change this disastrous course is to march on Washington by the millions.


No, we have to ignore Washington by the millions.

Wed, 11/30/2011 - 23:24 | 1933716 Ima anal sphincter
Ima anal sphincter's picture

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.

Wed, 11/30/2011 - 23:39 | 1933757's picture

No, really ignore it. Starve the beast.

Thu, 12/01/2011 - 01:58 | 1934018 Freddie
Freddie's picture

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.

Wed, 11/30/2011 - 23:53 | 1933806 Angus McHugepenis
Angus McHugepenis's picture

You are not ignoring Washington. They put you to sleep... and you eventually woke up to discover you were being "Reggie Love'd".

Wed, 11/30/2011 - 21:55 | 1933491 rosiescenario
rosiescenario's picture 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.

Thu, 12/01/2011 - 01:13 | 1933957 knukles
knukles's picture



Wed, 11/30/2011 - 22:13 | 1933540 SilverDOG
SilverDOG's picture

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.

Wed, 11/30/2011 - 23:46 | 1933784 economics1996
economics1996's picture

You are a fucking asshole.


Wed, 11/30/2011 - 23:47 | 1933790 Randall Cabot
Randall Cabot's picture

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:


Thu, 12/01/2011 - 00:07 | 1933833 redcorona
redcorona's picture

There you go + 1.  That settles that I hope.

Wed, 11/30/2011 - 23:50 | 1933796 JX
JX's picture

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?

Wed, 11/30/2011 - 23:56 | 1933812 fuu
fuu's picture

Been gone since junks became arrows.

Thu, 12/01/2011 - 00:17 | 1933857 55 men
55 men's picture

Did you have to use your moms computer to give yourself a second green arrow.

Thu, 12/01/2011 - 03:58 | 1934181 vegancapitalist
vegancapitalist's picture

This is nothing more than ZH paying their bills. Nice product placement.


Wed, 11/30/2011 - 20:48 | 1933291 markmotive
markmotive's picture

First central banks load up on bullion. And then they print like it`s going out of style.


Wed, 11/30/2011 - 20:53 | 1933311 AllThatGlitters
AllThatGlitters's picture

ANOTHER nice, tight bull flag on Gold:

However, oil has been looking relatively weak today, why?



Wed, 11/30/2011 - 21:04 | 1933343 YBNguy
YBNguy's picture

You all stock up on gold. Im stocking up on bullets ;)

Wed, 11/30/2011 - 21:15 | 1933383 the 300000000th...
the 300000000th percent's picture

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


Wed, 11/30/2011 - 21:58 | 1933503 rosiescenario
rosiescenario's picture

....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...

Wed, 11/30/2011 - 21:32 | 1933428 tekhneek
tekhneek's picture

Wise man

Wed, 11/30/2011 - 23:47 | 1933787 economics1996
economics1996's picture

Some good dogs work just as well.

Wed, 11/30/2011 - 21:05 | 1933345 ctiger2
ctiger2's picture

The venerable Mike Norman of John Thomas Financial disagrees:

Wed, 11/30/2011 - 21:08 | 1933356 fonzanoon
fonzanoon's picture

I was the 14th person to watch that video. I don't see it going viral.

Wed, 11/30/2011 - 21:14 | 1933381 ctiger2
ctiger2's picture

No, but it's good for a hearty chuckle...

Wed, 11/30/2011 - 22:19 | 1933555 xcehn
xcehn's picture

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.

Thu, 12/01/2011 - 07:30 | 1934313 WhiteNight123129
WhiteNight123129's picture

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.


Thu, 12/01/2011 - 17:12 | 1936306 tooktheredpill
tooktheredpill's picture


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.

Wed, 11/30/2011 - 20:31 | 1933228 Pete15
Pete15's picture

Schiff Fuckers!!!

Wed, 11/30/2011 - 21:23 | 1933405 mtomato2
mtomato2's picture

I don't get it.

Wed, 11/30/2011 - 21:58 | 1933501 Hulk
Hulk's picture

Substitute Bitchez for fuckers and it will make sense...

Thu, 12/01/2011 - 13:50 | 1935472 mtomato2
mtomato2's picture


Wed, 11/30/2011 - 20:32 | 1933229 f16hoser
f16hoser's picture

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!

Wed, 11/30/2011 - 20:32 | 1933231 CClarity
CClarity's picture

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.

Wed, 11/30/2011 - 20:37 | 1933237 peekcrackers
peekcrackers's picture

I urge you to take 7 minutes "

get your shinnys while you can well said ZH !

dont forget you 12g

Wed, 11/30/2011 - 21:22 | 1933401 tekhneek
tekhneek's picture

What kind of a person takes 7 minutes to watch a 5 minute and 12 second video anyway?


Wed, 11/30/2011 - 22:00 | 1933510 rosiescenario
rosiescenario's picture

....the same one that requires ninety minutes to watch 60 minutes.

Thu, 12/01/2011 - 01:15 | 1933959 knukles
knukles's picture

It's what time?

Wed, 11/30/2011 - 20:36 | 1933239 optionking
optionking's picture

Schiff is right but I still want to smack him and take his lunch money, don't hate me!

Wed, 11/30/2011 - 21:13 | 1933376 tmosley
tmosley's picture

Try that and you'll probably get the same treatment Ron Paul gave to his kidnappers:

Wed, 11/30/2011 - 21:32 | 1933426 buyingsterling
buyingsterling's picture


Wed, 11/30/2011 - 20:37 | 1933244 fpscod9
fpscod9's picture

,,,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,,

Wed, 11/30/2011 - 20:52 | 1933305 XitSam
XitSam's picture

Autralian?  :)

Wed, 11/30/2011 - 21:21 | 1933398 fuu
fuu's picture

Maybe in another 2 weeks he'll figure it out.

Wed, 11/30/2011 - 21:28 | 1933419 sullymandias
sullymandias's picture

pop another shrimp on the barbie

Thu, 12/01/2011 - 01:06 | 1933950 chump666
chump666's picture

"loverly accent...New Jersey?"


Thu, 12/01/2011 - 03:44 | 1934170 Element
Element's picture

lol, such a dick ... too funny

Wed, 11/30/2011 - 22:19 | 1933556 Kinskian
Kinskian's picture

Koalatative easing.

Thu, 12/01/2011 - 00:59 | 1933940 chump666
chump666's picture


f*cking classic

Thu, 12/01/2011 - 05:13 | 1934223 akak
akak's picture

,,,NOTHING PETER SAID OR DO CAN STOP BEN FROM PRINTING PERIOD,,,Keysian>Autralian for now,,,till war breaks out,,,and system collapse,,,

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.

Wed, 11/30/2011 - 23:16 | 1933694 Oztralian
Oztralian's picture

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

Wed, 11/30/2011 - 20:37 | 1933246 Money 4 Nothing
Money 4 Nothing's picture

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?

Wed, 11/30/2011 - 20:42 | 1933266 Mactheknife
Mactheknife's picture

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.

Wed, 11/30/2011 - 20:46 | 1933283 Clint Liquor
Clint Liquor's picture

The bullshit paper Gold market is meaningless.

Wed, 11/30/2011 - 20:54 | 1933315 Mactheknife
Mactheknife's picture

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?

Wed, 11/30/2011 - 21:42 | 1933453 madmax1965
madmax1965's picture

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!!




Wed, 11/30/2011 - 21:56 | 1933487 Clint Liquor
Clint Liquor's picture

  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.

Wed, 11/30/2011 - 23:46 | 1933783 SHEEPFUKKER

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. 

Wed, 11/30/2011 - 21:55 | 1933492 Gordon Freeman
Gordon Freeman's picture

The Fed will never let the dollar go that high.

Wed, 11/30/2011 - 21:17 | 1933391 Nostradumbass
Nostradumbass's picture

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?


Yeah, I was kinda wondering WTF you know too... 


Wed, 11/30/2011 - 20:38 | 1933249 Whoa Dammit
Whoa Dammit's picture

If they keep inflating, which is primarily showing up in consumer commodities, while wages keep nose diving, they really are asking for pitchforks & torches.

Wed, 11/30/2011 - 21:11 | 1933365 DaveyJones
DaveyJones's picture

this time is different

Wed, 11/30/2011 - 21:37 | 1933439 traderjoe
traderjoe's picture

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.

Wed, 11/30/2011 - 23:21 | 1933706 Bananamerican
Bananamerican's picture

yup. an oldie but a goodie

Wed, 11/30/2011 - 23:04 | 1933665 Moon Pie
Moon Pie's picture

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!

Wed, 11/30/2011 - 20:39 | 1933255 The Shootist
The Shootist's picture

To the MOON, bitchez!  **maybe...

Wed, 11/30/2011 - 20:39 | 1933256 Messianic
Messianic's picture

Schiff rocks.  Keep making money off the bankers, man.

Wed, 11/30/2011 - 20:41 | 1933260 fonzanoon
fonzanoon's picture

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.

Wed, 11/30/2011 - 20:57 | 1933322 AGuy
AGuy's picture

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.





Wed, 11/30/2011 - 20:59 | 1933332 fonzanoon
fonzanoon's picture

Thats true but my f'ing tbt is tied to treasuries.....dammit.

Wed, 11/30/2011 - 21:13 | 1933377 DaveyJones
DaveyJones's picture

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 

Thu, 12/01/2011 - 10:12 | 1934630 BigJim
BigJim's picture

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.

Thu, 12/01/2011 - 12:06 | 1935037 DaveyJones
DaveyJones's picture

as history has taught us, a military stretched all over the world is not an economy, it's its nemesis.

Wed, 11/30/2011 - 21:44 | 1933458 Clockwork Orange
Clockwork Orange's picture

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.

Wed, 11/30/2011 - 22:45 | 1933617 traderjoe
traderjoe's picture

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.

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