PETER SCHIFF

PETER SCHIFF

Monday, June 8, 2009

Dollar is UP , Gold and Oil Down Counter trend rally

Peter Schiff Vlog for today talks about the strength of the dollar the weakness in Gold and Oil a counter trend rally , Peter says that he do not think that the dollar is going to go any higher than where it is now and that the gold is not going to lose any ground , Investors should keep on looking at gold as a safe heaven against the inflation , The news of today about the supreme court blocking the government plans for Chrysler , Peter sees some hope in here , a good number of Chrysler assets are being turned to FIAT , some of the creditors have files lawsuit to prevent the transfer of the assets to the Italian auto maker FIAT , apparently FIAT is getting the assets for free although they are promising not to lay off any workers , but they are not paying any money and this has nothing to help the creditors , hopefully this won't set up a precedent , because otherwise who would lend money in the future to an American company , Peter talks later about the European election and how the trend in general is "away from socialism" less government ...this while America is being slowly and totally socialized under the Obama administration ...Peter ends by talking about his CNBC interview this morning , the bailout , inflation gloom and doom and the terrible things is super government is doing to this country , we gonna need foreign credit and foreign capital , Peter Schiff says that he is against the fact that the US government borrow money from foreign sources but he agrees that American companies need foreign money and foreign markets in order to grow and prosper...

3 comments:

  1. guys I know that the "transcript" is horrible to say the least , you have to understand that I have to write it in a hurry and I certainly do not have the best writing skills , so if someone want to write a better transcript please let me know ...thank you all

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  2. Well Peter is great but he is wrong about EU! While there is a trend in voteing for conservatives here, EPP(EU conservative party) is in coalition with ESP(EU socialist party), so we are not going to get less government any time soon.
    The conservatives here are just like the neocons in US - conservatives in name only. EU is becomeing more socialist each day and soon it will be just USSR 2.0 . Also EU is having this big problem with the lack of constitution and the proposed one is not any better.
    So I guess that in few years when the real conservatives in US are in power USA is going to kick EU's ass.

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  3. AnonymousJune 09, 2009

    Peter , love your vlogs, but the audio is almost unlistenable, your mic level is way too high and is distorting. Go to "start" at bottom left of screen, select "control panel". Select "sounds, speech and audio devices" click "adjust the system volume". Select the "audio" tab. In the "sound recording" section, select "volume" and turn the mic volume down about 10 per cent. This is for windows XP but whatecver you use should be similar.

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