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Peter Schiff On Obamanomics: "There Are Not Enough Open Minds In The Capitol To Keep This Ship From Sinking"
Peter Schiff wraps his congressional testimony on the Obama jobs plan, which was one of the most memorable such Congressional hearings on the topic to date, with the following letter of caution to all Americans. To wit: "I don't think those few open minds in the Capitol are going to be enough to keep this ship from sinking. There just isn't enough time or a strong enough will for reform from the American people. That is why it is so important for you to act individually to protect yourself and your family from the new age of stagflation. Please take the time to view my testimony, understand the problems we face, and align your investments accordingly." We urge anyone who has not watched Peter's testimony yet to do so below.
From Peter Schiff:
Dear Friends and Supporters,
As many of you know, last week I was invited to Washington to testify in front of the House of Representatives Subcommittee on Government Reform and Stimulus Oversight. For that, we can thank Subcommittee Chairman Jim Jordan (R-OH).
The subject of the hearing was job creation in the United States – specifically, what the government can and can’t do to boost employment. While many people have asked me in the last few days why I even bothered to participate, I think it was a valuable experience. I don’t expect that anything I said will make an immediate impact on policy, but at least some of my opinions got a fair hearing in the halls of power.
After the testimony, I did have a few one-on-one meetings with open-minded Congressmen from both sides of the aisle. Maybe they were just being polite, but they had no obligation to talk to me, or even invite me, in the first place. So, I thank them for the opportunity.
Still, I don't think those few open minds in the Capitol are going to be enough to keep this ship from sinking. There just isn't enough time or a strong enough will for reform from the American people.
That is why it is so important for you to act individually to protect yourself and your family from the new age of stagflation. Please take the time to view my testimony, understand the problems we face, and align your investments accordingly.
For a 22-minute version with just the highlights of my remarks and exchanges with the Committee, see below.
For the entire Committee Meeting, which runs for 2 hours and 12 minutes, see below.
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one word
BOHICA
at least hes tryin' to get the word out...
He speaks the truth that the elites do not wan to hear.
disagreement with this man is more than stupid, its dangerous.
im just starting to get the feeling that TPTB pretend to fail, so they can close the barn door after they made BUCKS....
America must choose between the common sense brain of Peter Schiff, or the Nobel Prize winning brain of an intellectual Paul Krugman (who also attended an Ivy Leage University and is a well respected economist and columnist for the infallable New York Times):
"Tighter ozone regulation would actually have created jobs: it would have forced firms to spend on upgrading or replacing equipment, helping to boost demand. Yes, it would have cost money — but that’s the point! And with corporations sitting on lots of idle cash, the money spent would not, to any significant extent, come at the expense of other investment.
More broadly, if you’re going to do environmental investments — things that are worth doing even in flush times — it’s hard to think of a better time to do them than when the resources needed to make those investments would otherwise have been idle. " ~ Nobel Prize winning economist and New York Times columnist and "America's economist" Paul Krugman!
/s
u missed the "Former Enron Advisor" line in Krugman's cv
...and former Enron advisor and who has recently confessed that he does not understand GOLD - afterall it's just a lump of metal that is a barbarous relic AND on top of that you most certainly can not eat it except in Goldschläger.
David Ricardo: why the boom & bust business cycle occurs. And updated theory by Austrian updated theory by Austrianhttp://www.youtube.com/watch?v=wClFxxEdae0
Glad to see this video finally make on ZH. I sent it to the "tips" email a few days ago and have posted links to it several times in other articles. Anyway....
I find it extremely hard to comprehend how anyone listening to Peter Schiff here doesn't "get it". A couple of the Congressmen seem to get it, but what will they do to spread the word? Of course, Schiff is an economic adviser to Ron Paul, so this may work against him with the RINOs, but the "Tea Party" guys need to have him speak to a joint session of Congress on prime time TV. Can't Ron Paul order Bernanke to debate Schiff in his financial hearings? Something, anything, come on.
Oh well I guess this will just end up in "Peter Schiff was Right v. 3.0" on Youtube sometime in the next couple of year (if the Internet survives the collapse?).
Here is "Peter Schiff was Right v. 2.0" with almost 2 million views:
http://www.youtube.com/watch?v=2I0QN-FYkpw
The Keynesians only ever have one solution: print more. Printing comes in lots of flavours, and lots of variants, but whether it's fiscal or monetary it all comes down to the printing press.
http://azizonomics.com/2011/09/20/hemingway-on-krugman/
Hilarious excerpt from Boushey's (bitch to Schiff's right) wiki page;
"On September 13, 2011, Boushey testified before Congress regarding the latest socialist proposal by Barack Obama. As a big government shill, she of course favored the proposals. Her adversary at the testimony was Peter Schiff. Schiff destroyed her testimony in every way possible. She read prepared statements verbatim without looking up, he brilliantly spoke without even a single note. She argued for more government spending, he tore apart the economic fallacies which underpinned her faulty arguments. She said it was not possible Schiff paid over 50% of his income to the government, Schiff ticked off each tax he paid and proved she had no clue what a burden taxation has become. Toward the end of the exchange, Schiff passed her a short note which said "You should stop embarrassing your family and kill yourself." She initially flipped the note back over out of fear that it would distract her small brain from the hearing. Schiff persisted and flipped the note back over and she could not help but read it. Four hours after the hearing, Boushey's body was found in her Prius which was driven in the Potomac River in an apparent suicide. This is the same fate suffered by another of Schiff's former debate opponents, Mike Norman. Norman thrust himself into the ocean after he made a youtube video of himself shirtless on an empty beach. He sunk to the bottom head first as the autopsy revealed that his head was full of rocks."
The system is sinking like a rock; anchor your ship; BUY SILVER.
It took a long time to do it, but I clicked GREEN for EVERYONE commenting above. And I have not done that before here at ZH, not like that.
Nice conversation and subthread.
+ $1785 and + $39.00
anchor your ship... Actually, PMs work best as ballasts. They do nothing as anchors, whereas, a ballast actually assists in the steering by providing the necessary weight to move forward INTO the wind. Providing of course, you got your sails and rudder set properly. imho.
Just finished watching the "long" version, there is quite a bit more Schiff testimony. I wish that the highlights included all of Shiff's responses.
All the others had notes, prepared responses, prepared introductions, etc... Schiff had no notes (except the one he wrote to the good Dr. which looked like a breakdown of his income tax burden), no prepared remarks, no teleprompter, just a quick mind and sound economic principles.
http://en.wikipedia.org/wiki/Heather_Boushey
Stupidity so grand that she's dangerous.
Wonder how she did in her integral calculus class . . .
Boushey was born in Seattle and grew up in Mukilteo, Washington. -- wiki
This explains everything.
the truth hurts
I regret that I have but one green arrow to give Western's rant.
WHAT WAS ON THAT NOTE!! I ASK YOU MAN WHAT WAS ON THAT NOTE!!!
I saw her disdainfully flip his note over and he flipped it back over Schff=hero.
Theses videos are for sure spot on. Time are changing for sure, and people need to realize.
http://www.dailyjobcuts.com
If Ron Paul said he would choose Peter Schiff as his VP, Paul would have a chance to win. Schiff can deliver the message in such a clear, concise manner that even the dumbest of either party could understand it.
AMEN brother. That is a ticket that would hit America upside the head. Can you imagine Peter Schiff vs. Joe Biden in a VP debate, pay per view material.
could not agree more dude... and peter would totally go for it.
thats a good idea
ron paul and peter schiff for 2012
i'm in
Paul/Schiff
Let the Schiff hit the fan!
Let the Schiff hit the fan! That's great.
Paul/Schiff 2012
@ WonderDawg
Bring it! I agree with you guys upthread that Schiff would be a great VP under President Ron Paul
+ $1785 and green
COULD YOU IMAGINE THAT?! It would be awesome, just to hear Peter debate bumbling Joe Biden.
Im not certain Peter has the chops to be a successful politician ( maybe that's a good thing )
Financial savvy isnt the be all end all of being a good leader of people.
Politics is a game that he doesnt have a lot of experience in and this , I think , would make it difficult for him to move the mountains that need moving.
I would MUCH rather see Peter in a supporting role utilizing the skillsets that he has so consistently demonstrated.
Although Ill be the first to admit , I would relish the opportunity to watch him absolutely destroy Biden in a VP debate.
Paul/Schiff
Goes together like peanut butter and jelly, cookies and milk, red beans and rice, hookers and BJ's.
I get your point, but maybe a guy who doesn't play political games is what we need. That would be REAL change.
We need leaders who are uncorruptible. I don't know if Schiff is uncorruptible or not, but he appears to call em like he sees em. I'm so fucking sick of the campaign promises that are broken immediately upon being elected, I don't know what to do. I'm almost ready to give up. I think a lot of people feel the same. Bring on a guy who doesn't play bullshit games and can't be bought by lobbyists, and maybe we actually see some REAL change. I don't know if Ron Paul is the answer, but he's the last glimmer of hope, and Schiff's ability to deliver the message is so much better than RP, I think it might just tilt the scales in his favor.
Shit, even at this point, as we speed toward the cliff, I still have hope that we can turn it around before we go over the edge.
You can't make this stuff up. Unfortunately for the current crop of TPTB the internet is not ever going to get completely deleted.
http://en.wikipedia.org/wiki/Paul_Krugman
I am too poor to own gold, so thats my excuse for not understanding it completely. But for the people who can afford it, I imagine it is like a shotgun loaded with rock salt. It does not really serve its practical purpose for aquiring food. And it is not really a threat as an offensive weapon. But it does serve as a good defense mechanism if people try to steal your work product using the printing press.
If yu can get $200 togther, then you can buy 1/10th ounce Gold Eagles. Call the coin dealers near you.
Or take Mr Lennon Hendrix's advice and buy silver.
Don't forget about alternative precious metals, brass and lead.
Yes. And while you are at it, any other preparations you think prudent.
There are more levels to it, though what you've written above is not wrong, just incomplete.
Gold is history, a shiny sliver that runs way back into the lizard brain of men. It has always been coveted by kings and men who have set themselves up as living gods. For generation upon generation, the unwashed masses looked up to high balconies, where the rulers stood above them to address their subjects. Even though the distance blurred the features of the men who spoke from above, their gold caught the sunlight and flashed out into the crowd. Many of these men were tyrants, many were petty, viscious and cruel- but from a distance, all the common man could see were those yellow sparkles that spoke of a life that they could never understand, and most had no chance to aspire to. Those flashes covered the flaws, and hypnotized many of the men who came before us.
Silver served a similar purpose, though in a lesser form. It was the wealth of the duke, the merchant, the knight. Rather than reflecting the sun alone, it reflects the world, and flashes in every color. The features blacken with time, and speak of smoke and blood, but it can be wiped away in moments to reflect the world in vibrant color once again.
These things were true for thousands of generations, spoken of and seen by all of our forefathers. Both were glittering promises of something more exciting, fulfilling and true than a simple life farming pigs or milling wheat. And they never left us- they just became accessable to common men. When the world begins to fail, and the color starts to drain out of the world, the gold and silver flash all the brighter. People begin to covet, and the metals whisper their old promises of better things a little louder with each passing day. Those who used to wear their metals on the street hide them away, making any glimpse even more powerful. They become once again what they have never ceased to be.
VERY, VERY good! I wish I could add five greens...
Paul Revere was a silversmith.
In other words, "Get your bling on". And as Mr. T would say, "I pitty the fool who doesn't own gold" (still think he should be doing gold commercials).
http://mrnelsonhomework.files.wordpress.com/2007/04/mr-t-gold-chains-spa...
. . and who in 2002 openly, explicitly called for Alan Greenspan to lower interest rates and help create a housing bubble so that we could avoid one of those ickey recessions.
(erased)
i think its deeper than that
TPTB just let the peasants work, collapse it, extract wealth and do it again,
WASH, REPEAT,
TPTB are camelions, buying thier way into power (that power being religion, military, goverment, whatever) behind the scene
WASH, REPEAT
so it goes.
HOW DEEP IS THIS RABBIT HOLE!!!!
they are not chameleons; they are shadows.
Ever seen a rothschild on any "world's richest people" lists?
i think im jumpin' out of that hole and just talk about silver....
this is way too heavy for me...
buy pre65 dimes.........bitchez?
GREAT POINT Incubus! Nope, have not, but surely they are there...
I have nothing against the Rothschilds. But, I did read a piece a few months ago that said their net worth might be approaching One Quadrillion dollars!
A good (apparently reliable) article on the Rothschilds (now a BIG family) is at wikipedia.
The New York Times is really a problem; they provide a creditable base for wing-nuts who get a respectful hearing for their demented rattling. Krugman should be muzzled and exported to Canada.
Schiff repeatedly mentioned moving jobs to Singapore, Why doesn't he move to Singapore, too? If it's good enough for his employees it should be good enough for him.
Jim Rogers did, and he seems to like living there. I think Peter spends most of his time working his business in the US, so the travel back and forth may take it's toll. The Caribbean is another matter.
Hmm, maybe I'll just mention that Mark Faber dude says he likes, what did he say northern ThAiland?
Peter has a lot of faults.
Stupidity is not one of them.
ROFL Mike Norman junked me . Run out of spray-on tanner Mikey ?
Starbucks?
well i might be stupid but it is my perspective. He clearly was talking about a minor wound in the the economy, taxes, regulation, blah blah blah. The most important things like oooohhh getting rid of the federal reserve and using a debt free money or repealing NAFTA, educating our people by making sure 1 teacher to every 12-15 kids in a classroom, or breaking up the monopolies who run the boob tube, to name a few.
SO IF YOU FELT THAT SCHIFF is talikng for you, well your points are minor and trivial in the grand scheme just a little perspective from the anti-new world order fan club.
common sense -yes, he has it together with intellect.
on another note, those are Congressmen? No wonder it's a mess.
he is the elite and they wanted to hear him
I heard he is a lizard-monkey. Half lizard, half monkey.
He isn't the elite and "they" (real elite) didn't want to hear him and didn't.
They put him up at 2AM in an empty room with three interns at the "hearing" and sat him next to some commie b!tch commisar so she could mock and belittle him.
Anyone have more information on the possible family relationship between Peter Schiff and the Schiff who helped start the Federal Reserve?
I don't know about that, but Peter's Dad is Irwin Schiff the famous tax protester who is still being held in federal prison for income tax evasion. Irwin wrote some great books, too.
His brother Andy is no slouch either.
irwin's hardcore
I was in Tampa Florida this weekend and spoke with the mother of a 16 year old girl who was studying Obamanomics in high school, and she told me her daughter became mentally retarded from the discussion.
Now, I'm not trying to be an alarmist or spread a bunch of unverifiable bullshit, but I think the American people deserve to know that children have become mentally retarded from Obama's policies.
That's just a bullshit conspiracy theory. Studies show Bush's policies had the exact same effect on childhood retardation. Doomers never research.
No, he's right. I live in Tampa and can confirm that the IQ of high schoolers has dropped nearly 5 points since Obama has been in office. It's terrible. It goes back to the old saying "If you can't amaze them with your intellect, baffle them with bullshit." And that's what they are doing to our high schoolers - they are baffling them with Obamanomics.
Obama inherited those high school students.
Poor lil o....to bad he inherited all this mess and has NO clue what to do...but play the blame game. He is so far in over his head it's not even funny.
Just wait till Axlerod cuts and runs. We may get to witness a full on mental breakdown live on television when that one happens.
I vividly remember the day the education system started to fail America's children. The teacher walked in towing a little red wagon piled high with books. Each of us got two of them. One was for the school year where we would learn to do math in a new and revolutionary way and another book that was to be given to our parents that would teach them how to help us with this "New Math".
When I arrived home with both books my Dad took one look at both and got very mad. That was my last day in public school. I was sent to private schools from that day.
Oh it failed them long before then.
When the armed services were inducting, well, practically everyone at the start of World War II, they found that illiteracy was nearly zero. Of course, there were idiots. There are always idiots. But illiteracy essentially didn't exist.
Then, when the Korean war came along, they found that a minority but a significant minority of the soldiers being brought into the services were essentially illiterate.
What happened? In the interim, really all through the 40's but too late to screw up the guys going to fight WWII, they had started teaching the "look-say" method of reading. This utter failure of an innovation involved doing away with old fashioned sounding out of words. It was old fashioned. We're so smart. We have Ph.D's for god's sake! And this is the 40's, for god's sake! We don't need to teach kids phonetically just because it's a phonetic language. We'll teach them this newwwwwwww way.
It was an utter failure. It would not have been permitted in any reputable profession. But the desperate desire to grab for the status of something new and avoid the stigma of relying on something simple and old (just because, well, you HAVE to) caused serious problems.
Phonics, bitchez!
Hukd on fonix wurkd for me!
give me a break: education has always been on a steady decline.
Kids these days are more interested in their ADHD fueled [social] media endeavors than learning anything proper. I had the luxury of going to school before the incessant barrage of social media bullshit and media saturation. These days, everything broadcasts some bullshit: people are subsequently filled with a bunch of noise--they are nothing but noise and worthless information.
Scary part about the net is the normalization it brings in the masses and "culture."
Notice how every broad, every douchebag dresses and acts the same? There's hardly any variation amongst people anymore. They're all fucking dumbass wannabe clones who go to the 'net for their supposed rules on how to be.
And it's a shame, because if they'd use the net as a tool for education, we'd have a great society...but we're talking about Americans and their allies here... what the fuck do they know? They've become nothing more than generations that grew fat off the backs of the third world and still expect the rest of the world to bow down to them--for what reason? Because they have bigger guns? Fuck that shit.
This country cannot fall fast enough. The cultural filth needs to be washed away.
Schools are prisons.
Amen.
Tampa here too, but I gotta say, IQs've been dropping well before Bam Bam jived his way in.
Exhibits #1 & #2: http://www.examiner.com/crime-in-tampa-bay/stephanie-ragusa-and-debra-lafave-what-s-wrong-with-tampa-teachers-videos
Bush did it!
hAHAHAHA.
Statist Party has a split personality - a right personality and a left personality.
Pick the personality you like and go for it!
I will not be participating.
Ole
Obama specializes in killing brown people and destabilizing poor people. He is a fascist war monger. You are a brown shirt Nazi.
Schiff should be in the Senate. He's testifying in circles around the Keynesian clowns.
CME just raised stock futures margins too:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-334.pdf
Enjoy the pre QE3 shakeout.
Those are not outrights. They are intercommodity.
I stand corrected.
Peter Schiff does not get enough coverage around here.
He deserves more.
Green for more Schiff
Green for you.
he does round here, I spend countless hours with family / friends and hopeful converts here
all the best Peter Schiff videos in one place
TD is everywhere!!!!
Bond futures?
No volatility there
rattus norvegicus exodus, bitchez
Et ego sum arbiter bibendi
I think that should be modified to bohicAAA. That would stand for "again and again". Maybe that is what it means to be AAA.
LOL
What a bunch of silly prattle, I openly mock you ....
You sir, have now been Schopenhauer'd!
Now, if someone will violently oppose him we can get to work on acceptance.
Schiff Scuttle of New World Order United Socialist State Enterprise http://www.youtube.com/watch?v=Ket-ndpxhPg
Stay away from the grassy knolls Peter.
I read Schiff's book in 2008. If I had followed his advice, I would have plowed all my money into "quality" international stocks and lost a bundle.
"an article appeared in the Wall Street Journal reporting that Schiff's broker-dealer firm, Euro Pacific Capital Inc., "advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers" and that instead, the dollar advanced against most currencies, "magnifying the losses from foreign stocks Mr. Schiff steered his investors into."
Yup, his advice to invest in silver sure was terrible advice..it's only up 100% from then.
I'm up 80% on Peters advice!
I'M UP 100%....
Peter over estimated the intelligence of the investment world. Did the currencies and bonds involved in the Asian financial crisis rally as their financial markets imploded ? NO
The Asian financial crisis, excluding China and Japan, involved 430 million people. That is 130 million more people then the US.
Let's see, get out of real estate in 2005, get into silver and gold prior to that. Yeah that was some really bad advice. BTW, some of his picks were oil and gas trusts that were paying 15%+ distributions, another bad call?
No, you should stick with Cramer and his BS (Bear Sterns) picks.
Where would your gold investments be? If you really were in the right international stocks you would be doing far better than your American counterparts. You also act as if his investment thesis is over. It has just begun.
he would have been right if tbtf had actually failed like they were supposed to.
Seems you can't read very well.
If you had followed his advice in the book, you would have put one third of your money into international dividend-paying stocks, one third into physical PMs, and kept one third in cash to take advantage of the next crash.
If you then had gains or losses in those stocks depends largely at the timing of when exactly you bought them...
He influenced me to go cash and I avoided the crash. He became the first candidate I contributed to, although only a small contribution because I don't like political contributions. This week Ron Paul became the second. Thanks for saving me a boatload Peter!
Thank you for helping Ron Paul to top $1 million messages to TPTB this weekend.
No doubt that some of Schiff's advice was wrong, but he was dead right in predicting the crash. There are some priceless old YouTube videos out there where is arguing with the CNBC and Fox market cheerleaders who were predicting 20000 Dow etc. Funny thing is, the same cheerleaders are still on the same channels making their predictions and people actually listen to them.
The best was when Schiff was arguing with that piece of dog shit Art Laffer. That smarmy little fucker was laughing at Schiff. He then made a bigger fucking ass out of himself by betting Schiff "one penny" that what Peter said would happen would not happen. It was completely fucking disgusting. Art Laffer is at the top of the list that deserve a throat punch.
I used to watch the Fox News business bullshit on Saturday mornings. That cunt Fabio wannabe real estate agent that is married to Brenda "look at my large" Buttner was on the show. He and somebody else were making fun of Schiff because Schiff was predicting a crash in housing.
Where are all these fuckers that were so incredibly wrong? They weren't partially wrong or fifty percent wrong. They were 100 percent wrong and have probably destroyed a lot of lives. Schiff's biggest blindspot, in my opinion, is his idea that China would roll right along without the U.S. or Europe. That was wrong but fucking-A if he was right about a lot of other stuff, especially the gross incompetence and corruption of our politicians and financiers. Fuck you, Art Laffer, wherever you are.
I think Schiff's premise on China is that they are self sufficient as manufacturing goes and don't need the U.S. but for consumption (which is admittedly a lot) and can go it alone with their own growing middle class consuming their goods. It is not the extra 350 million American consumers that buy endlessly but the Chinese will rebound faster if left on their own.
His basic premise is correct on China. The US re-tooled after WW2 and became the biggest export nation in the world along with the highest wages in the world.
China can re-tool after Bretton Woods 2 dies.
America didn't have much competition after WW2. The rest of the developed world was obliterated. The only thing we did right was to not have the war reach our shores (not counting Pearl Harbor, obviously).
From the "Peter Schiff was right" archives.
http://www.youtube.com/watch?v=2I0QN-FYkpw
In the first clip shown, gold was at $623, Silver at $12 and the dow was at 11,352. Hmm...
i spat my beer twice watching the clips...ben stein is an imbecile...
WaMu, Goldman and Bear, all buys, LOL !
And at some point this morning, the dow was at 11,352 again.
beat me to it...i remember watching those clips in 07 and 08...the vacuous heads on cnbc were mocking schiff (and jim rogers) when they were warning about the housing collapse...
Schiff strongly advised investing in gold, which is way up since 2008. Also, the yen is up by more than 50% since then. The dollar/euro exchange rate has fluctuated around the 1.4 range (going as high as 1.6 and as low as 1.2) in that period. So I would score Schiff two big wins and a draw.
On more than one occassion Schiff has said he's in 50% or more in PMs. Since 2008 that is as good advice as could have been given.
He's been preaching this since 2005.
Simply You Tube - Peter Schiff 2005
It's been longer than that, but the 2008 was in reply to the down-voted goof that said they read the book in 2008 and I was underscoring that if they'd bought gold and silver they'd be very happy.
I recommend the Aden sisters.....
I wouldn't.
They where sellers after QE2 ended. I recommend FOFOA.
Yea into PMs...great call...I made wicked bank my friend. But it wasn't total out...down to 30% whch they had all out when things shit the biscuit over the debt ceiling (something we are again a 'mere' $41 Bil from the ceiling (see table III-C).
https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11091600.pdf
The Wall Street Journal article you mention is a hatchet piece that leaves out the best part of the story. Here's my experience with Schiff/EuroPacific: I read Schiff's book in late 2006, invested with his firm in early 2007, got clobbered as you describe in 2008, and watched my original investment double by mid-2010. The only thing Schiff got wrong in the macro picture was that he didn't predict the temporary panic run into the US dollar. Other than that...spot on (especially the part about overweighting precious metals).
And think about what a more mainstream advisor would have put me into: Citigroup, GE, GM...
jacksmedullaobl...
I'm up 140% from Peter's input, take your cherrypicking fuckwittedness somewhere else, ZH are way too well informed to believe your pathetic nonsense.
Being an evil boomer he should be dismissed out of hand by the skidmark whiny bitchez around here.
Ouch.. seasoned cynical sarcasm spanks puerile pusillanimous puling.
LOL Nice on both counts.
lol
LOL
Its fun to watch Peter.
Tell that to my wife. She hasn't watched my peter in a long time.
I think you've identified the downside to gold.
Gold bands act as a blowjob vaccine.
No sad really ... we have the smarts in the country to get out of this mess and watching Peter and Dem Dumb Congressmen just reminds me how impossible our road is ahead
Outstanding Mr. Schiff ! Finally someone makes sense.
Schiff got it wrong with stocks
Celente got it wrong with Swiss Francs
But they both got it right with gold and silver
GOT GOLD AND SILVER BITCHES
Hopefully Keiser gets it right with guillotines!
Mr. Sono,
Celente is now 100% in GOLD.....................100%
no his not, hi is in silver now also. subscriber to celente
Silver will go through a rough time as economies decline and industrial demand drops...but as gold rises in $ (after this lquidation session ends) it will become the 'commoners' gold.
disclosure..all of my economic advice is bad until it is good....booze advice is always spot on.
Gold is going up, you know that. The dollar will move in an up and down fashion but in a steady decline in real terms, due to inflation. The dollar trades inversely oil. Oil trades with silver. Silver will be rising steadily.
This is for the next year, then once the fiat ponzi system breaks in about one year, the IMF/World Bank will charge all Nation-States to use their gold reserves as collateral to pay their debts, which will be paid to the IMF/World Bank in exchange of a one world currencie; gold will go parabolic. Once that happens some Sates will want to use silver and platinum as collateral too. The IMF/World Bank will say "Fine". Silver/platinum will go parabolic.
As good a scenario as any. Green.
So I shouldn't study for the CFA then?
you have the dirtiest sounding screen name on ZH
A fairly serious systemic collapse needs to/will happen first. It's inconceivable that such as disparate collection of Americans, with probably less overlap than ever on the great Venn diagram of cultural values, will ever agree to all pull in the same direction on something this big. Liberals loved WWII because everyone more or less agreed to put the government in the driver's seat for four years and do what they said. They've been pining for a "war economy" environment (see Krugman) ever since. Multi-culturalism (big 'M' or small 'm' and good or bad) makes the public green light for a "war economy" scenario that much harder not easier.
Besides, Obama doesn't care about jobs per se. (and it looks like he doesn't care too much about that green light!). He cares about wealth transfer and subordinating most/all areas of life to the government. I'm sure he'd prefer to have the economic winds at his back to help the medicine slide down while he works his magic but the ultimate destination is the same in his mind either way.
But Schiff's right - there isn't enough time anyway. So yeah, fasten your seatbelts.
I actually think Obama cares about nothing except what he is told to care about. The guy is clearly run by other players. There is no plan there, just a vacuum where a soul ought to be. Very similar to Bush, who was run by Cheney and others. Like Rick Perry will be.
Dead on