PETER SCHIFF

PETER SCHIFF

Sunday, March 22, 2009

Peter Schiff The Crisis Just Begun

Peter Schiff The Crisis Has Just Begun


9 comments:

  1. This comment has been removed by the author.

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  2. Come On Folks I want your Comments

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  3. Peter,

    I'm not yet familiar with your format (new subscriber). Was this commentary after the FED's action of wednesday the 18th? It seems so.

    Also, is your outlook on silver as bullish as for gold? Especially in light of the present vs. historic ratios? Thanks, I just discovered your page and love it !

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  4. Hello,

    The cause. What about China? In my opinion China monetary policy (low Yuan value) might be also one of the reasons of the current world economy downturn. China started to produce huge amount of goods. But they don't consume as much as they should to preserve global production level. In my opinion the crisis will start to end only when Yuan value will start to grow.

    The cure. I am fan of Austrian Economy School as you. But I am also big fan of the Wisdom of Crowds book. And something tells me that the current system (democracy -> voting -> populism -> inflation) is the result of "the global crowd wisdom". You have to admit that Dollar inflation is a good method to fight against week Yuan.

    How fans of Austrian Economy School can prove that (a) whole notion responsibility (via inflation) is worse solution than (b) strong Dollar together with bankruptcy of companies which compete directly with Chinese companies.

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  5. Hi Peter -

    What's the gold trade vs buying the physical asset?

    Ed Brady

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  6. Yes, absolutely agree - there's no political or citizen will for "pain", so therefore, US Dollar crashes, hyperinflation, and a bankrupt & insolvent US government. Mr. Schiff, possibility USA engages in war (Iran best candidate)? Failing empires tend to start wars? To divert citizens' anger towards government and shift to "outside enemies"?

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  7. Good stuff. However I live in Australia, and when the USD tanks - the Aussie will go up hence making no change in the price of gold for us, unless you have other theories? Regards Mukerai

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  8. Hi Peter and keep up the thought provoking insights. I live in Australia. If the USD tanks and gold goes up in USD terms, would it make any or much difference in AUD terms? After all with commodities and the like, th AUD should improve IMHO. Regards

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  9. Hi Peter, I agree with your saving vs. consuming argument and have started my own blog on those same ideals. I would appreciate your comments.
    http://saveyourmoneyday.blogspot.com

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