For the latest Peter Schiff, go to PeterSchiffBlog.com Some economists are saying that the United States economy will begin to accelerate at a pace that no one expected. But can that really be true if they are going further and further into debt? The United States is much more closely compared to Greece rather than Japan. The Japanese had savings and a strong trade surplus when their recession began. The Federal Reserve’s balance sheet has grown dramatically in the past couple years. Much of the government’s debt is financed by Treasury Bills, and when interest rates go up, the premium will go sky high. It doesn’t matter that the GDP numbers are going up. The actual economy isn’t growing. It’s mostly debt financed consumption by both the government and by individuals. The best way to preserve your money is to look to acquire income streams in something besides dollars or euros.
I cant wait till the US finally hits the wall then i can go onto every anti-Schiff, Faber, Ron Paul, Jim Rogers, Roubini video/accounts and shove it in their faces, that is if they dont close their accounts like cowards and i havent sold my computer to pay for food…
Denial is one of the main driving forces to enevitable doom. The sooner you acknowledge that a problem exists, your chances upgrade to a solution. We all know we’re living on borrowed time because we are living off borrowed money we can’t pay back. Yet, the majority is in denial of this. They’re like an addict living only for the next hit. They’re answer is we need more so we’ll borrow more. What will happen when there’s no more to borrow? No more to inject? Simple. Crash and burn.
Denial is one of the main driving forces to enevitable doom. The sooner you acknowledge that a problem exists, your chances upgrade to a solution. We all know we’re living on borrowed time because we are living off borrowed money we can’t pay back. Yet, the majority is in denial of this. They’re like an addict living only for the next hit. They’re answer is we need more so we’ll borrow more. What will happen when there’s no more to borrow? No more to inject? Simple. Crash and burn.
should I buy houses in the us now being january 2011 and what would happen if I did? also what abou peru ? and is this all happening becuase no one is working they are just investing? buying a house instead of building on or killing a cow or growing a cow?
What bothers me here is you have it all laid out pure and simple explained in easy terms and yet most of the planet is insisting on keeping running towards the cliff. It’s not the mere fact that we’re running towards a cliff that scares me. It’s to see all these people being “schooled” as to what running towards a cliff actually means and implies – and yet insist on keeping on running (and if anything run even faster). Amazed. Human nature. Go figure. Ain’t giving up… but I’m tired of arguing.
Price of Gold and Silver do show that the value of fiat money is going down.. however, these big banks have suppressed the true value of silver/gold by creating false supply. When people realise this and take hold of their physical metal there will be a shortage… and the price will return to its correct value. So its a good way to protect you savings as well as a certain investment.
Well done Peter,
Dollar will fail, was made to fail and can not do otherwise!
As Bullionier90 has stated, the price of gold and goods has not gone up 1 dime, rather the purchasing power (value) of the dollar has gone down.
Just watching the price of silver or gold will show how fast it (the dollar) is failing.
It is very important that people start becoming self sufficient, and quit relying on the dollar.
Peter’s problem is that many don’t believe him because his predictions are constantly being delayed by the government.
A though recession can start at any moment and it will start when the government could not pay the bills anymore. It is difficult to predict when this will happen. It all depends how long the world will support the US.
Mike Mussa: “The American economy is fundamentally quite strong”. Stay tuned in 2012 and watch Mikey eat those words.
@Skunny87 Pitchforks? The mob will be so mad, it will come with M16s and RPGs!! Scenes from Egypt will look like a picnic in the park on a sunny day…
@Skunny87 Pitchforks? The mob will be so mad, it will come with M16s and RPGs!! Scenes from Egypt will look like a picnic in the park on a sunny day…
looks likes peters is right
@gijs370 Well said!
It will happen…
Yeah, it’s funny as hell hearing Peter laugh in the background when IMF guy talks
@dbizzttle909 LOL! Same here.
This egghead thinks he’s smarter than Peter Schiff. What a moron!
I cant wait till the US finally hits the wall then i can go onto every anti-Schiff, Faber, Ron Paul, Jim Rogers, Roubini video/accounts and shove it in their faces, that is if they dont close their accounts like cowards and i havent sold my computer to pay for food…
Denial is one of the main driving forces to enevitable doom. The sooner you acknowledge that a problem exists, your chances upgrade to a solution. We all know we’re living on borrowed time because we are living off borrowed money we can’t pay back. Yet, the majority is in denial of this. They’re like an addict living only for the next hit. They’re answer is we need more so we’ll borrow more. What will happen when there’s no more to borrow? No more to inject? Simple. Crash and burn.
Denial is one of the main driving forces to enevitable doom. The sooner you acknowledge that a problem exists, your chances upgrade to a solution. We all know we’re living on borrowed time because we are living off borrowed money we can’t pay back. Yet, the majority is in denial of this. They’re like an addict living only for the next hit. They’re answer is we need more so we’ll borrow more. What will happen when there’s no more to borrow? No more to inject? Simple. Crash and burn.
should I buy houses in the us now being january 2011 and what would happen if I did? also what abou peru ? and is this all happening becuase no one is working they are just investing? buying a house instead of building on or killing a cow or growing a cow?
Lol that fat smug fuck
he’s going to be fucked when it is time to move fast away from the angry people with pitchforks
Get em Pete! Yo would think they would listen to Pete by now.
Saw the updated vid on goldmaniadotnet
Big mistake to go up against peter he always makes these guys look stupid
WOW, the IMF guy is such a tool.
What bothers me here is you have it all laid out pure and simple explained in easy terms and yet most of the planet is insisting on keeping running towards the cliff. It’s not the mere fact that we’re running towards a cliff that scares me. It’s to see all these people being “schooled” as to what running towards a cliff actually means and implies – and yet insist on keeping on running (and if anything run even faster). Amazed. Human nature. Go figure. Ain’t giving up… but I’m tired of arguing.
That guy’s a complete tool. Way to school ‘em Peter!
Price of Gold and Silver do show that the value of fiat money is going down.. however, these big banks have suppressed the true value of silver/gold by creating false supply. When people realise this and take hold of their physical metal there will be a shortage… and the price will return to its correct value. So its a good way to protect you savings as well as a certain investment.
Well done Peter,
Dollar will fail, was made to fail and can not do otherwise!
As Bullionier90 has stated, the price of gold and goods has not gone up 1 dime, rather the purchasing power (value) of the dollar has gone down.
Just watching the price of silver or gold will show how fast it (the dollar) is failing.
It is very important that people start becoming self sufficient, and quit relying on the dollar.
People have to realize that gold is not getting more expensive, the falling dollar is the driver. Every price is going up.
That fat toad is annoying.
Peter’s problem is that many don’t believe him because his predictions are constantly being delayed by the government.
A though recession can start at any moment and it will start when the government could not pay the bills anymore. It is difficult to predict when this will happen. It all depends how long the world will support the US.
Barrowing & spending “IS” the American GDP.
We produce debt!