Peter Schiff The Crisis Has Just Begun
PETER SCHIFF
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
The Dollar will collapse the Credit cards bubble is about to burst , buy Gold Buy Silver save your assets ...The dollar will drop like a sto...
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
government created jobs like the census jobs are counterproductive and unproductive jobs ... Peter Schiff is considering to run for Senate !...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
By Peter Schiff I've made a living out of exposing economic fallacies, but there's one whale that I can't seem to harpoon. Eve...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
This comment has been removed by the author.
ReplyDeleteCome On Folks I want your Comments
ReplyDeletePeter,
ReplyDeleteI'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 !
Hello,
ReplyDeleteThe 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.
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"?
ReplyDeleteGood 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
ReplyDeleteHi 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
ReplyDeleteHi Peter, I agree with your saving vs. consuming argument and have started my own blog on those same ideals. I would appreciate your comments.
ReplyDeletehttp://saveyourmoneyday.blogspot.com