Visit http://twitter.com/PhilDeCarolis to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias’ next cyclical inflationary real estate bull market.
Who Else Wants To Earn Cash Everyday
Using Completely FREE Automated Software?"
LOL… Peter Schiff just PWNED the shit outta these muthafukers!
What the hell are you talking about? Gold has been deemed a store of value for 6000 years, ever since the start of civilisation. You got it backwards, gold has real value, fiat money doesn’t.
Jeff4Prez
fvck MacObama
Yes I know what being “long” means. Do you? A Long position is when you buy expecting to profit from an increase in price. The dollar has been gaining strength so he is long to try and profit from it. I am buying gold and am shorting the dollar for the long term (not on leverage) through etrade.
Update: 12/17/08: Dollar Falls Most Against Euro Since 1999 Debut After Fed Cut
jeff the egg head is the group’s favorite PIVOT MAN FOR THEIR DAILY CIRCLE JERK AND DAISEY CHAIN CLUSTER FUCK.
agreed, I just lean toward the idea that it will happen unless some policies change fast. But, it looks like spending will continue to sky rocket until something catastrophic happens.
I never said it could not happen. I am simply trying to get all of the chicken littles to commit to their outrageous claims. If you dont get them to give a timeline and a very specific example of what they think is going to happen, they will be on Youtube 2 years from now saying the same nonsense.
How do you explain the strengthening of the dollar? No one can argue with anything you said, but there has to be a bottom. Economic growth will or is down and Government debt is way up. So what can happen other than a decline in purchasing power. $20 for a loaf of bread has happened in other countries, so I think it is foolish to think that it can not happen here.
99% of the people who say the dollar will collapse have NO understanding of what that entails.
I ask people all the time.
What will happen if the dollar collapses ?
I have yet to get an answer. Nobody wants to say, because they don’t know.
I ask them if a loaf of bread will cost $20. Nobody will tell me what they think will happen. It is just cool to say…the dollar will crash…it means you are politically correct right now.
lol i noticed that too
I agree with you but when people say dollar will collapse what does that mean?? is it just the $1.00 bill or any denomination such as $5.00, $20.00? I really don’t understand when people say dollar will COLLAPSE?!?
Schiff schooled these fools
Sorry about the spam, lol. Didn’t separate my points very well in that last one. I went from the DOW to gold price without a clear indication. Near 8,000 is referring to the DOW, then the 1,000 is referring to gold price.
Remember when all those idiots on TV were saying DOW 16k this year? What’s it at? Near 8,000. It hit 1,000 earlier this year before everyone started having to meet margin calls and come up with cash. Don’t get faked out by this bs. It’s clear to anyone with eyes the government, and these morons on TV (except Schiff) are either incompetent or dishonest. I’d suggest you watch some more videos or do some more research, Jacob. Go see what Bernanke/Paulson said about the economy before the crisis.
lol. He has said many times he can’t predict exact dates of when things will happen. Markets are irrational in the short term. The fundamentals on the dollar is still terrible. US National Debt near 10.7 trillion dollars, 700 billion dollar a year trade deficit annually and diminished productive capacity. Instead of looking at things, ask why. The dollar has risen because people have had to liquidate into dollars. It will be down the drain shortly. Everything is down but the dollar short term.
Peter Schiff said back in June of 2008, that the dollar, which was sitting at 70 on the index would collapse by October 2008.
He said because of the dollar collapse, ommodities would skyrocket.
He said gold, which was sitting at $950 in June 2008, would go higher to $1200 by October 2008.
What happened?
The dollar has rallied to 88 on the dollar index
Commodities have fallen like a rock.
And gold, is now sitting at $776/ounce.
He is not so accurate from what I can see.
Lol …he is the only one without a chair to sit on
He’s smart enough to use these shows to further his message. Those of us who understand him are entertained by these “experts” who don’t.
It also allows new people who seek truth to learn.
CNBC Rookies. Schiff gets it, why don’t they?
I love when these shows have Schiff.. it is almost completely worthless to watch an economic show without him or like minded people on it.
do you know what his believe and concept about portfolio , I mean does he believe market risk is important , diversifying , market is efficient market portfolio , inflation important?
do you know the answers of these questions?
do you know what his believe and concept about portfolio , I mean does he believe market risk is important , diversifying , market is efficient market portfolio , inflation important?
do you know the answers of these questions?
I can’t beieve they still doubt him.
His predictions were extremly accurate! His description of the whole development of this crisis is right on the money – step by step. You are simply an ignorant moron! Watch his speach for mortage bankers on YT!