Peter Schiff forecasts IMMINENT DOOM for the economy thanks to NObama

Peter Schiff believes that Obama will destroy the economy based on his future ludicrous plans....

https://www.youtube.com/watch?v=9h2x7R8pxUs

cliffs: letting obama loose in the white house is akin to letting a bull loose in a china shop

 

Yeah, Schiff is one of the only people in the media that actually provides at least a little bit of truth.

But the thing is the economy was already doomed from the start, regardless if Obama hadn't won. Obama is just the frontman for TPTB. I think many of "his" policies will further speed up the descent to an all-out collapse, however, which will be by complete design.

 

Schiff was wrong in his 2008 predictions, but yea, i think 2009 is going to be mayhem.

 

face it any economist with half a brain knows the economy is doomed no matter what..

i can not blame this mess on obama no matter what he does because quite frankly it doesnt matter at this point whats done its already doomed..

 

Obama's name should never even be mentioned in a sentance containing "Economy"

Central Bankers run the show, and it shows.

 

Don't say that to 90% of the people on these forums. The media doesn't talk about that, so it must be a conspiracy theory. The bankers love us, and so does Obama.

 

I am sure they all know. It's just that the ones you see on TV are shills that are paid to lie and talk to the public like they're idiots (which most of them are).

 

Ugh. That's kind of false advertising. Paul Krugman and everyone with a brain knew that the housing bubble was going to pop.

I mean, Alan Greenspan was saying to Bush that he disapproved of his interest rate slashing and excessive spending.

"My advice is to let the recession run its course"

"What we need is more savings, less borrowing, we need more production, less consumption..."

"The solution is less government, less government spending, lower taxes, we need to slash programs... we need higher interest rates."

"We need less consumption..."

"The government can't create any jobs. The government doesn't have any wealth. All the government can do is redistribute the wealth that the private sector creates."

"They're not going to be consuming anymore... We're going to have a bunch of money, but we're not going to be buying anything."

"People have to act quickly to get out of the USA dollar."

This dude totally has an ideological agenda.

 

1) The housing bubble was only one symptom of a much bigger problem. This did not begin with the housing bubble.

2) Greenspan can be largely blamed for this mess we're in with his 40-year low interest rates. As a matter of fact, much of this mess can be attributed directly to Alan Greenspan himself. Bush, being the stooge that he is, is merely a good scapegoat for what Bush's globalist masters orchestrated themselves.

Also, presidents don't slash interest rates. The Federal Reserve does.

 

I watched a talk from 04 where he called the hosing bubble right on down to the companies that were way over leveraged.

But he lost a lot this year he thought it was just going to be a U.S. deal and had a lot of bad overseas gambles fall on him.

I think a lot more people knew but they have to try to make a living of people keeping their money in the game. Just like a used car salesman won’t tell all the customers that the junk car will blow up next year.

Peter Schiff business strategy was to get investors to move money into Asia, Europe and paper gold so for him it was profitable to broadcast the coming U.S. downturn.

 

yes,yes... yes.

Its like some good ol' S&M. The blindfold is politcs, and the chick holding the whip isnt even a chick, its Greenspan and his thugs. Except there is no safeword.

 

Next the carbon offset bubble. Are you going to invest?

 

NObama........ How clever.

 

Peter Schiff, republican, Ron Paul supporter, president of a brokerage firm why is his advice any better than what we've been hearing? I am serious. Why? Are his investors doing better than say those that go with Edward Jones?

 

Please, explain how the government interfered with the markets and caused this collapse, which is what Schiff says happenned. He invests his clients money overseas. Are they doing better than we are. What about the oil run up. I see it rising but not excessively at the moment.

He's bearish on bonds, so are most other brokerages.

 

It's called the Federal Reserve, Gardener. So in reality it isn't the government, but the private bankers who dictate to the "government-appointed" puppet Bernanke regarding interest rates and how much money will be printed. When you flood the markets with worthless fiat paper liquidity and create artificially low interest rates as we saw going back to Alan Greenspan, you're going to run into problems down the road. But that is exactly what they wanted.

They made it easy for people to go deep into debt with all this once free credit, which they knew would not last and eventually lead to a bust.

 

So Rat who get's rich off the Federal Reserve? Please, I'd like to understand who's playing us. So you are saying Schiff wants an end to the Fed?

 

So this boom economy of the last ten years was based on little guys paying extortionnist interest for plastic? Wow what a great country this is.

So what got the SP over 10,000 was debt, not manufacturing not valuable services. No matter how you reeducate our workforce,... those unemployeed what do you reeducate them for, not producing viable goods or services, that's not what our economy has been based on.

 

The Federal Reserve's owners -- the bankers that make up the private Federal Reserve banks. Except it really has nothing to do with wealth to these people, as they are the ones who own the printing presses that print the money. It's about power and control. The Federal Reserve is nothing more than a tool for the control and consolidation of wealth.

In a depression money is never "lost," it is simply returned back to the hands of the people who printed that money in the first place. So in a depression the average people are always the losers, while the bankers end up the winners. Money doesn't simply vanish when the people are poor and starving.

Yes, I believe Schiff has called for an end to the Fed. But that really doesn't matter because that's not going to happen. When Kennedy put forth his executive order to shut down the Fed he wound up with a bullet in his head.

 

I've written about that before. It seems the republicans think it evaporates. Or they pretend it never existed while they buy their mansions, cars and vacations.