OK, all you Peter Schiff haters. You can add Ron Paul to that list:
https://www.youtube.com/watch?v=yDSX3XvqkjE
I agree. That is why so many things are going to divert peoples attention at our collapsing economy.
“The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner
On a slightly different topic the finance stories are funny. Whenever stocks are up it's due to a strong US economy. When stocks are down it's due to ebola, weakness in Europe, dollar strength, shootings in Canada. It's never, never, EVER due to a weak US economy. The media is trying SO hard to will a recovery into existence.Originally Posted by donnay
Boots on the ground say "There has been no recovery."
Casey says the same thing.
Few men have virtue enough to withstand the highest bidder. ~GEORGE WASHINGTON, letter, Aug. 17, 1779
Quit yer b*tching and whining and GET INVOLVED!!
Interview is months old... there are a ton of people predicting am imminent crash/collapse before the end of 2014 and i'm one of them. The financial $#@! storm is coming folks and you really ought to take the time that is left, even if it turns into many more years, and use it to prep yourself. Food, water, guns, ammo, silver, gold, physical cash and maybe coins in that order imho.
The Fed has painted the greatest farce in history of the financial markets! They have literally manipulated EVERY single market in the world by tripling the currency supply and using the secretive broad powers given to them by Reagan in 1988 when he created "The working group on financial markets" AKA The Plunge Protection team.
http://en.wikipedia.org/wiki/Working...ancial_Markets
The manipulation of markets is obvious and it may work for awhile but as Austrian Econ points out eventually reality will come back to bite them. Plus Too Big To Fail Banks have been made solvent by parking most of the money given to them by the FED right back to the Fed:
By parking all of this money into the Fed they have staved off a huge inflation of goods and services but as Ron Paul has often pointed out it's just simply common sense and economic law - if you print more currency and inflate the supply then prices will have to go up at some point. It's that last part that gets everyone because it's not going to happen right away with the Fed playing tricks like this. They have been able to maintain control by controlling how this would all be released out... We had QE1, QE2, Operation Twist, and then QE3 which ends next week and the vast majority of it has been used to buy bonds to suppress interest rates to spur real estate and stock speculation and it was all made possible by manipulating currencies in the FOREX market and by manipulating key commodities like oil, silver, and gold - the entire thing makes me sick and I can't wait for it to burn to ash because that's the only way we'll ever see fair markets again...
When this sucker unwinds all commodities will go crazy and I'm telling you that's what the powers that be are setting up and that's why THEY are buying commodities now quietly while THEY all collectively smash the price to absurdly low levels to get a better deal while also drawing the masses to other paper assets by inflating their value in what was proven a fraudulent and bankrupt market in 2008. That crisis has never ended and the games they are playing can only last for so long because eventually the chickens come home to roost.
This is why China has been hoarding Silver and Gold
This is why Russia has been exploring so much into Siberia for Energy
This is why this eastern bloc of nations known as the BRICS (Brazil Russia India China South Africa) have come together to try and offer an alternative to the IMF and the dollar based system and this is why there were bailouts in Cyprus and now a civil war in the Ukraine (which we started during the Russian games and somehow try to blame on Putin).
This is why there is War all across the Middle East (OIL) in Syria it's about Natural Gas - and it's the same story in the Ukraine- in Afghanistan it's about metals and mining, obviously Iraq and Libya is for oil but in general it's about dominating the most OIL rich area of the world before the much closer Chinese and Russians move in as the financial incentive to do so becomes greater and greater.
All of these conflicts breaking out across the world have everything to do with this new age Cold War against Russia, and now also China, which has everything to do again with commodities! They ALL KNOW what they've done to the financial system and paper assets and they know this cannot last forever - all they have done is bought everyone TIME so use it to prepare like they are...
Make your wealth defend-able! Get as far out of the financial system as you can while you can. This thing is finally getting ready to break, the Austrians are always right eventually, it just takes time for the fundamentals to catch back up to the absurd mirage.
When the entire thing breaks again like it did in 2008 the Fed will be left with no choice but to do what they always do PRINT MOAR AND MOAR AND MOAR! And as they do that commodities will just become that much more valuable over the long term as the price of paper assets is once again manipulating to the upside. The Fed has no choice but to either print and HOPE they don't hyperinflate while they are doing it (so far so good) OR they have to let the massive distortions and bubbles they've created finally POP! Obviously they'll HOPE they can control the system forever but they can't... it has been said that humanity's greatest weakness is our inability to recognize exponential growth... well...
What does it look like to you? See that little blip there in 2001? That was EMERGENCY post 9-11 measures to keep everything together and was considered a MAJOR deal at the time because of how much they'd be printing. Look at it now! They will lose control and it's only a matter of TIME. Use the time to prepare...
If once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities and services will not cease to rise, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size. For under these circumstances the regular costs incurred by holding cash are increased by the losses caused by the progressive fall in purchasing power. The advantages of holding cash must be paid for by sacrifices which are deemed unreasonably burdensome. This phenomenon was, in the great European inflations of the 'twenties, called flight into real goods (Flucht in die Sachwerte) or crack-up boom - von Mises
Last edited by NoOneButPaul; 10-22-2014 at 06:35 PM.
It's just an opinion... man...
I don't think it's a conspiracy, just the natural tendency of democracies and politicians taking the easiest path which is borrowing and printing to pay for their promises.
But I think the chances of this "experiment" ending in hyperinflation is much higher now than back in 2009. Back then our debt was 11 trillion, now it's 18 trillion. Back then our monetary base was 1-2 trillion, now it's 4.5 trillion. And we've had rates at 0% the whole time which screws up the works. And we have Obamacare and other regulations that did not exist back then.
Is it possible to disagree with Peter Schiff or Ron Paul without "hating" them? Do you hate everyone you disagree with?
Do people realize that Ron and Peter having been saying $#@! is going to fall apart, constantly? They never stop saying it, and they've been saying it since... what... 1972?
I VERY much like and respect each man. It is certainly possible to maintain that sentiment and disagree with them on a particular issue. I'm sure they'd be up for a well-reasoned debate on the subject, too.
I think Ron, Peter, and the other collapse predictors underestimate the ability of the Feds to put trillions of band-aids all over this sinking ship.
So the question becomes, when will there finally be not enough unrusted steel left in the hull to hold the band-aids?
You'll have to ask the Chinese, they've had our smelting/steel business for a few decades now.....
Gotta wonder though just which alloy they sold the sheep........
There's a lot of people here that really seem to hate Peter Schiff based on the lies they tell about him.
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