Gold, the dollar, China, trade-deficit, savings

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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 http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

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Yess ( 11 months ago by mikeiswylde)

Yess

Oh god Peter, not ... ( 11 months ago by fluff125)

Oh god Peter, not MSNBC!!!

Presidents don't ... ( 11 months ago by MushroomCloud666)

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.

Peter. Why is it ... ( 11 months ago by bustaballs)

Peter. Why is it that you are always right and yet no one listens to you?

grt8 post go for ... ( 11 months ago by bookbinder66)

grt8 post go for senate as inderpendent

whats so special ... ( 11 months ago by rung3000)

whats so special about a reserve currency

Peter, I've been ... ( 11 months ago by ruebenmarley)

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.

Treasury Bonds, are ... ( 11 months ago by fawjaw)

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!!!!!!!

haha nice face ... ( 11 months ago by StewieSwan)

haha nice face during the first second :p

Once everyone is ... ( 11 months ago by theStormaftertheCalm)

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.

good luck Peter for ... ( 11 months ago by womtullymun)

good luck Peter for senator. i hope you go for it. i just hope for the countrys sake that it's not too late

how come this guy ... ( 11 months ago by dream2last)

how come this guy is not government instead of all of those dumb asses there

The famous line of ... ( 11 months ago by GoldSilver588)

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.

Historically it ... ( 11 months ago by foolcow1976)

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.

Because (dream2last ... ( 10 months ago by chicagomixologist)

Because (dream2last) he is not part of the corruption gang.

I don't think the ... ( 10 months ago by fupedworld)

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.

Peter shouldnt try ... ( 9 months ago by golfprobro4eagles)

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.

because the country ... ( 8 months ago by Tyler7692)

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.

See, thats the ... ( 8 months ago by Tyler7692)

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.

I'm no professional ... ( 8 months ago by rrought317)

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.

Array ( 8 months ago by rung3000)

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 like some of what ... ( 6 months ago by danpt2000)

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...

I think buying BMO ... ( 5 months ago by doubleestark)

I think buying BMO Monthly Income fund at 8.00 that gives 0.06 a unit monthly (BMO148) would be a safe bet. He is aware of the false baremarket rally we are having like Glen Beck. I think he should go on Coast to Coast with George Nooray.

WHOA I can't ... ( 3 months ago by kaziqbal)

WHOA I can't believe you met Edmund Phelps!!!
He said something profound on the recent crisis that has stuck with me: "Unfortunately, there is still no wide understanding among the public of the benefits that can fairly be credited to capitalism and why these benefits have costs. This has left capitalism vulnerable to opponents and to ignorance within the system. "

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