23-03-2009
Peter Schiff: You're Better Off as a Renter
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PETER SCHIFF
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Peter Schiff on CNBC Fast Money 9_8_10
Peter, from what I have seen you have for the most part been spot on, which brings me to my question. Who is behind what is going on? I mean surely you are not alone in your assessments, and logic would dictate that some or all things are planned to some extent.
ReplyDeleteOn a side note; What are your thoughts on China having to now sell it's own bonds and how it may impact it's ability to bail out the systemic risk we call America?
ReplyDeletePeter thank you for your comments about education in this country. I have 3 degrees including a master's degree and have concluded that they are practically worthless. Most people are not using the degree they got but still paying off the debt they incurred getting it. Fortunately I had parents to pay for mine. If everybody has a college degree, just how important can they be? Most young men need good paying jobs that would be produced if we had the correct fiscal/monetary policy. Unfortunately our government keeps taking money from the producers to pay for social goods like this. It must stop.
ReplyDeleteGreat points. Everyone told me I was dumb too for renting. How does someone actually make money in housing, other than arbitration, in real estate even if the marketing is ballooning? When you sell a house, what can you buy with the money? A house exactly the one you just sold!
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