Peter Schiff, president of Euro-Pacific Capital, a Connecticut-based brokerage firm which had correctly predicted the US stock-market collapse, the home mortgage meltdown and the credit crunch, predicts what is in store for 2010.
Peter Schiff, president of Euro-Pacific Capital, a Connecticut-based brokerage firm which had correctly predicted the US stock-market collapse, the home mortgage meltdown and the credit crunch, predicts what is in store for 2010.
I always got entertained by CNBC brats acting like economic clowns….
thans for the post
right on buddy.
inflation is the increase of the money supply
Unfortunately, I reckon Peter Schiff missed this one…Last decade was Financial SIN, but this next decade won’t be Financial Hell…it will be Financial END…What comes next has NOTHING to do with what we are, were or thought we would be…we are about to go to another planet of Financial woes…and society structure as a result of it.
Yeah, the kid on the left was DETERMINED that he was going to out-talk Peter Schiff, and try to tell the CNBC socialist viewers how that we are in perfect shape. Of course, he is also the porter who told everyone to stay in their rooms on the Colossal, once it started sinking too…well, force not have been him exactly…probably his fantastic-fantastic uncle…
Where do these kids come from? And worse yet…you know he has an MBA…so, WHAT THE HELL ARE THEY TEACHING in business schools now?
Five Most Dependable Early Warning Signals of Currency Crisis
Signal Warning is issued when:
1 Real exchange rate -The home currency is overvalued.
2 Exports – The value of exports fall.
3 Stock prices -The stock market index declines.
4 M2/international reserves -International reserves are too tiny relative to money.
5 Output -There is a recession.
cut and paste from from Stanford university professors McKinnon-Pill, Kaminsky – Currency Crisis Models and the Early Warning Logic
also i bought a brass relief valve for my oil burner
it was 25 dollars i said 25 dollars
she said well metal is expensive
and i said and the money is worth less
1933 gold coin 25 dollars
2010 brass valve size of my fist 25 dollars
i like my gold weeeeeeeee
i got real metal i wanted to say
i have 2 words for the era that passed
fantastic gaspy
excellent movie all to real and upon us
“There’s no inflation anywhere.”
Wow. I was stoned when I saw this, so I had to rewind the video to make sure I wasn’t hallucinating.
Fuck you CNBC. ****. You. If you want to hire rowdy frat boys and Hooters waitresses to place on suits and regurgitate buzz words, fine; that’s fantastic entertainment, but don’t pass yourself off as a credible news organization.
At least the people in WWE admit that their act is staged for entertainment.
It is just like Peter Shiff said, the government is now going to spend 60%more than it is taking in revenue. It is not rocket science to map out where the economy is headed. It is a groundbreaking new Massive bubble they are making and when it bursts it will be Hell times 10…
Fantastic Analogy here Peter. The last decade was the decade of Financial SIN, and this next decade will be the decade of Financial HELL. We’re going to now pay for all the financial sins we’ve made.
wow, just reckon if the Government would have stayed out of this over the last year, we’d be nearly done with the recession and ready to rebound. Instead Now, with Obama and Bush mistakes and intercession, we’ve only begun, and it’s going to get worse.. in fact it’s getting worse right now. Obama ppprrrooommisseedd unemployment wouldn’t go over 8% if he got his way.. ooops. Then he blames it on bush again… here we go. The Buck never got here again.
omg this is hilarious, man peter schooling like 10 of them at the same time!! kudos to u peter!! wow where does cnbc get these uneducated clowns?