The stock market the bond market and the dollar all in decline today

Peter Schiff Vlog Report 21 May 2009
there is no more safety either in the bonds stocks or dollar the rush towards the gold is starting , capital is fleeing to gold euro or Japanese Yen ..the recession is getting worse the inflation is rising ...but we can always pay our debt by printing some more money thanks to Ben Bernanke printing presses

The American GDP is fake , it is 75% made of Consumption

Peter Schiff : We cannot replace foreign credit with more money printing , , The American market was one of the worst performers worldwide when we take into consideration the performances of foreign markets in dollar terms rather than in local currencies..
Peter Schiff Wall Street Unspun 20 may 2009

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Peter Schiff: Housing's Big Picture Isn't Pretty

While economists and real estate investors "celebrate" the slight deceleration in the pace of home price declines in the recent data, a quick look at home price trajectories over the past 100 and 50 years reveals little to cheer about and much to be feared.
More significant than small month-to-month changes is the flow of home price patterns over decades. In his book Irrational Exuberance, Robert Shiller determined that in the 100 years between 1900 and 2000, home prices in the U.S. increased by an average of about 3.4% per year. These figures have not been adjusted for inflation. If they had, home prices would have outpaced inflation by only the slimmest of margins.
This 100-year period includes the Great Depression, when home prices sank significantly, and it also involves decades in which our current home mortgage infrastructure simply did not exist. The second half of the century, with its baby boom, heightened inflation, suburban expansion and institutionalized mortgage apparatus, was much kinder to home prices. Even so, in the 50 boom years between 1950 and 2000, home prices increased an average of 4.4% per year. Even this pace barely beat inflation.
By all accounts, the home price boom that began in late 1997 (when the high of the previous 1989 peak was finally eclipsed) and topped out in June 2006 was extraordinary. The Case-Shiller 10-City Index, an amalgam of the home price trends in 10 of the largest U.S. cities, gained on average 19.4% per year during that time. The movements had very little to do with market fundamentals and everything to do with distortive government policies, a national mania for real estate wealth and a torrent of temporarily easy credit.
Read entire article from the street.com

Peter Schiff on Potash Stocks

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