Peter Schiff Prediction in 06', page 1
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Topic started on 12-10-2008 @ 10:27 AM by Pinktip
www.newmogul.com...

Read article after video.......

In the end, by refusing to allow market forces to work their
cure, our economy will inevitably die from the disease. Our
economy will now face death by hyperinflation, which will
cause a complete loss of confidence in the dollar and result
in prices and interest rates skyrocketing out of sight. The
evaporation of our national wealth will lead to civil
unrest, food and energy shortages, and the possible
imposition of martial law. If such a scenario unfolds, what
is left of our Constitution will surely be completely
shredded.


reply posted on 12-10-2008 @ 11:36 AM by SiONiX
One word: Wow.

I think there ows someone a penny to this guy. I'm just catching up on him, here's another interesting video of him (03/08):



He was RiGHT ON THE MONEY (literally... rofl).

Edit to add another one:

$5000.00 Gold By 2012 - Dollar Never Recovers - Game Over

Fox Business Host Asks Peter Schiff when the dollar will strengthen. Peter tells him it will never happen. Possibly when pigs fly. Dollar Collapse.




Great quote from the comments:


Shouldn't these corporate media b!tches write a million apology letter to Peter. They conducted the interview as to mock the guy who was saying the right thing. These idiots had misdirected the common people all these days.


[edit on 12.10.2008 by SiONiX]


reply posted on 16-12-2008 @ 02:03 AM by OBE1
Peter Schiff fans...second hour guest...this week's edition: The Gold & Silver Review @ GoldSeekRadio...Saturday, Dec 13th.

The California conundrum...inflation v deflation...Schiff v Roubini...requiem for the Dollar...stock valuations...so on...so forth.


reply posted on 16-12-2008 @ 03:00 AM by plumranch
reply to post by Pinktip


According to the principles of economics (101) when tens of trillions of dollars in assets dissapear, go away, no longer exist it causes contraction. That is CONTRACTION in the money supply and economy, not INFLATION.

So we don't have to worry about INFLATION. Gold, silver, precious metals, commodities like oil, basic materials, grains are decreasing in price and will continue to do so. There is no DEMAND for them because everyone is scared that there is a global depression coming and they need to save every dollar they own and not spend it unwisely.

Companies who are selling gold would love to sell you gold because the price will inevitably be going down giving them a profit and leaving you upside down.



reply posted on 16-12-2008 @ 02:24 PM by OBE1
A break-down in the recent Dollar rally as predicted by Schiff/Sinclair/Willie..many others...is well underway:
Dollar falls after Fed rate cut

Gold hits two-month high as dollar falls

NY Gold Rallies On Safety Buying,Dollar Weakness


Historic Global Demand:
Dollar demand for gold reached quarterly record of US$32bn in Q3 2008

Financial crisis boosts Swiss gold production

Saudi gold demand up 18% in Q3

China: Investors going for gold as a safe haven


I'm afraid the notion that gold doesn't perform in a recessionary environment/economic downturn = misinformation, coupled with wishful thinking.

US recession: 1973-1975. When Nixon closed the Gold Window in 1971...Gold rose from it's $35oz fix...reaching it's first peak in 1974 @ $166oz (+470%).

US recession: 1980-1982. 1980 Gold trades at an all-time high $850oz...maintains an average yearly price of $650oz.

US recession: 2001-2003. In 2002, the current secular bull market was launched with a break above the $300 barrier.


**Gold brakes above $850. Fed rate-cut rendered $830 resistance.....a speed-bump.

USDX @ 81.63 Spend them quickly
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