Gold, the dollar, China, trade-deficit, savings
by John Volks
Filed under Stress Management Videos
excuse the late upload, technical problems with hotel connection. PS The town I am in is Krynica — I am sure I pronounced it wrong. …also check me out on www.facebook.com and twitter.com
I like some of what Peter Schiff is saying, but not too long ago his organization e-mailed me requesting a donation of over $4000. I don’t think I can afford such a large sum. Sorry…
thanx a million,
so when do you think the us dollar is gonna collapse?
who do you think is gonna replace the USD as the world reserve currency?
I’m no professional, but I think this dollar collapse is strickly deliberate. The Bush and Obama administration with their hyperinflation… this is treason and Thomas Jefferson clearly stated and quoted that leaving a generations debt for the next generations to pay is plain wrong ethically and violates the constitution. He who lives’ by and understands the rights under the constitution of the US along with civil liberties, would call this treason.
See, thats the bigger problem. Our foreign policy has been wrong for 40 years (Just like our fiscal policies). We would have NEVER had a need to be in Afghanistan if we were never involved in the middle east years and years ago. 9/11 wouldn’t have happened. They don’t hate us because we’re “rich (haha, wait a couple more years) and free” they hate us because we are constantly meddling in their countries.
because the country that has the reserve currency can pretty much endlessly (NOT) import goods for free in exchange for IOUs (US Dollars). Its coming to an end, the US Dollar has worn out its welcome.
Peter shouldnt try to help you. You are getting the gov you voted for and you smug arrogant bastards are going to get the world you deserve.
I don’t think the US is going to default on its debt or any part of it. So (please don’t flame) the FED has to raise interest rates sooner rather than later to prevent the dollar losing its reserve status. If that happens, gold will take a haircut. Gold is in bubble waters so it is much more than an inflation hedge right now. What ever you do, only put a fraction of your capital in gold as a hedge much like using TIPS.
Because (dream2last) he is not part of the corruption gang.
Historically it hasn’t been a monetary metal.
It isn’t as suitable as gold for this purpose, for various reasons. One reason is the ratio of yearly output to the amount above the ground. The lower this ratio is, the more stable the value can be expected to be. I think gold and silver are the two commodities for which this ratio is the lowest, and nothing else comes close.
The famous line of ” It’s our dollar, but your problem” is somehow true. The problems with those countries is they peg their currencies with US dollars, therefore it’s their problem. There is one way they can fix their dollar problem is to unpeg their currencies.
how come this guy is not government instead of all of those dumb asses there
good luck Peter for senator. i hope you go for it. i just hope for the countrys sake that it’s not too late
Once everyone is required to have the chip implant for the global database, all precious metals will only have a value for those who have the chip implant. No implant, no electronic currency to buy gold. Even having an underground black-market will be difficult, due to home raids by the government. If you’re found with anything in your home or on your person that is not listed in your inventory, you will be either fined or jailed or both.
haha nice face during the first second :p
Treasury Bonds, are you kidding? Might as well issue I.O.U.,s like CA. You pay your money in and they want to screw you out of what they owe you. Who was the rocket scientist on this one????? If the dollar collapses what will the treasury bonds be worth? SQUAT!!!!!!!
Peter, I’ve been living in China for the past 3 years… let me give all of your readers a tip: only the people of influence, and the members of the ruling class are buying gold and silver… my dealings with average folks here in the PRC have shown me that the masses generally don’t trust the CPC, and they simply try to make it through each day with as little drama as possible. Life is hard for the average citizen here.
Keep it up, Peter. You’re spot on about China hustling the Yuan, too.
whats so special about a reserve currency
grt8 post go for senate as inderpendent
Peter. Why is it that you are always right and yet no one listens to you?
Presidents don’t make decisions, they just sign the papers.
It doesn’t matter who the president is as long as Federal reserve controls everything.
Oh god Peter, not MSNBC!!!
Yess
Awesome! Thanks, Peter.
Well I can see your point but remember this. Gore would’ve gone into Afghanistan correct? We can agree on that. Who promoted the policy of Iraq pre-2003. It was the Clinton administration. Bush was just following the Clinton administration. So I think Gore would’ve done the same mistakes. But he wasn’t a big an idiot as Bush. lol
if you are a registered independent, do you think that makes you sleep any better?
we all have the same people in office, no matter how we voted- quit voting based on what party an individual is affiliated with and start voting based on what that candidate will do.
Ron Paul, Rand Paul, and Peter Schiff.
the candidate that promises the least will let you down the least.