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Peter Schiff :The Stock Market Rally is Phoney
CNBC Tells Peter Schiff Falling Dollar Is A Good Thing
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Added: Oct 21 2009 In: news_politics
Recorded on: Oct 20 2009By: Hypnojive2 
- Views: 22284 |
- Votes: 9 |
- Recommendations: 13 |
- Comments: 83
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Comments - sort by newest to oldest
Go ahead make fun of him he will get the last laugh just like before.
Posted Oct-22-2009 by "hlabrake" (R)
Wow, the gangbangers really don't like this guy. He must be right.
Posted Oct-22-2009 by "FlibbleDeeFlobble" (R)
I think there is a letter: lower-case q...
Posted Oct-22-2009 by "Ag-ad-Es" (R)
The dollar was worth much less in 2008. If these foreign countries are oh so much better why doesn't he just get up and move? This guy comes on the show once a week and says the exact same things over and over again.
And a weaker dollar is better because it creates more jobs in America and it makes our foreign debt much cheaper. The only down side to inflation is a rise in commodity prices, seeing how oil just hit its year high.
Posted Oct-22-2009 by "willy_lump" (R)
THe DOLLAR has fallen 25% since january ---
The market went up 25% since it cratered ---
the actual value of the market in DOLLARS - it is still DOWN in true value - that is why Biden said:
DEPRESSION!
Posted Oct-22-2009 by "spadata" (R)
The lying Republican/Democrat politician critters, along with the Federal Reserve,(which is neither federal nor a reserve) since 1913, have printed (counterfeited) money out of thin air to fix problems.
Unfortunately the dollar is doomed.
My fellow Americans, trade your%uFEFF green toilet paper for gold, and lots of silver coins before it's too late.
If your not petrified, you aren't paying attention.
Posted Oct-22-2009 by "dustin1514" (R)
Unfortunately the dollar is doomed.
My fellow Americans, trade your%uFEFF green toilet paper for gold, and lots of silver coins before it's too late.
If your not petrified, you aren't paying attention.
Why do people say money is printed out of thin air? The treasury sells bonds for all the money the fed prints.
And instead of buying gold right now at its peak pricing id rather just buy the gold ETF's. Because if gold rapidly devalues like it did in the 80's id rather have the option of selling it fast.
Posted Oct-22-2009 by "willy_lump" (R)
Unfortunately the dollar is doomed.
My fellow Americans, trade your%uFEFF green toilet paper for gold, and lots of silver coins before it's too late.
If your not petrified, you aren't paying attention.
Well ammo might be a better commodity, because here in California its the only thing sellers can't keep on their shelves - the ammo restriction goes into effect in 2011 (50 rnd per month, thumbprinting, some other restriction) and as of now, US ammo factories are going 24/7 and cant keep up with demand - everything else you can buy, the sellers are giving it away practically.
Posted Oct-22-2009 by "Hitler_Is_Amazing" Premium
Don't they get it? Schiff has been dead on every time! You can't keep building houses if you don't tear any down and then increase the value of what's left. You can't just print money in order to fill in the blanks. You can't support a market if the only real exports you have are pharmaceuticals and military.
He has oil companies because petroleum is and will be a need for many decades (plastics, lubricants, and decades before gasoline engines can be replaced in the market). Everything else he said in 2006 has been proven right! Gold shot through the roof along with other metals. Oil went to well over $100 a barrel and real estate died! I wish I was in CT to vote him into the Senate. A new age of politician is needed. This guy gets it and he is brilliant.
Posted Oct-22-2009 by "WildWilliamWordsmith" (R)
Ive been saying for over a yr we arent in a recession we are in a depression or early stages of one.. dont forgot Oct is the worst month for the market, its only the 21st we still have 10days to go. Schiff and Celente have been putting the warnings out and havent been wrong.
Posted Oct-22-2009 by "aa316" (R)
I just sent the poster of this vid a new video from Celente. He is saying the same thing, this market right now is BS. I hope he puts it up, I would but my computer blows lol.
If you want the vid let me know I will PM it to you.
Posted Oct-22-2009 by "hlabrake" (R)
I just sent the poster of this vid a new video from Celente. He is saying the same thing, this market right now is BS. I hope he puts it up, I would but my computer blows lol.
If you want the vid let me know I will PM it to you.
Who cares if the rally is fake? The market can be used as a hedge on inflation. And if you can exit the market place before the fed tightens supply, you will have outperformed the overall devaluation.
Posted Oct-22-2009 by "willy_lump" (R)
Is that Kristie Yamaguchi?
Posted Oct-22-2009 by "DarioInfini" (R)
I just sent the poster of this vid a new video from Celente. He is saying the same thing, this market right now is BS. I hope he puts it up, I would but my computer blows lol.
If you want the vid let me know I will PM it to you.
Who cares if the rally is fake? The market can be used as a hedge on inflation. And if you can exit the market place before the fed tightens supply, you will have outperformed the overall devaluation.
Did you listen to what he said? Overseas markets are outperforming domestic ones, so you'd be foolish to invest in Wall Street at this time.
Posted Oct-22-2009 by "ChockFullOfNuts" (R)
put somebody up there who has NOTHING to gain from his testimony and I will listen.
Posted Oct-22-2009 by "stupidvidiot" (R)