First – I didn’t … First – I didn’t ask your opinion dumb aussie – so keep it outback where it belings! I am NOT ONLY blaming Obama – I did also mention BIG Government, plus Obama is driving the boat now (or is at least the front man) so yes, he does get the blame – when Bush was in office, he got the blame, he is gone Obama is in, thats the way it works – jerk! I know who the real criminal is, the not-so-federal federal reserve! I am in groups doing all we can to spread the truth about all these criminals!
Schiff says that … Schiff says that the economic breakdown started back in 2000, I say late 1999. America is as phony as yourself putting it all on the fallguy, Obama.
If you invest every … If you invest every year your 9k expecting 20% yield compounding within next 5 years, you will have roughly 80k for further investment. Go BHP or RIO. That will give ya conservative hedge, yield and dividends in the unstable environment.
Here are upsides to … Here are upsides to a weaker dollar.The US benefits from a reduction in the international role of the dollar. Unless the United States quickly achieves&maintains a sustainable econ position, its ability to pursue autonomous economic and foreign policies will become increasingly compromised.A falling dollar is thus a mechanism whereby excessive US borrowing from abroad can be rolled back., it would help to meet a stated goal of world leaders in recent G-20 meetings.
Beyond this … Beyond this indirect gain, the most direct effect of a weakened dollar would be to hike the cost of goods imported into the United States and make American goods appear cheaper to the rest of the world. This, over time, would likely ease the pressures for trade protectionism that have increasingly strained U.S. relations with countries like China, Canada, Mexico, and the members of the European Union.
Peter is exactly … Peter is exactly right, you should see the amount of Apartment buildings that are being built in the Los Angeles area. They are sprouting up like weeds, but at the same time so are For Rent signs. They are all over the place. And people keep losing their jobs, moving away, etc, so there are going to be an insanely excessive amount of unoccupied apartments and homes all over the place, and thats just in LA. And things are only going to get worse. Wow, thanks Obama & BIG Government!
Hi Dell. I tried to … Hi Dell. I tried to find how well Mish had done in 2008, but all I could find is the funds in that company he works with/for. (Sorry but I forget the name at the moment) From that I gathered he didn’t do well at all actually. If you could provide me with some links it would be appreciated.
What exactly is Mish calling for wrt the dollar index?
Hey Peter Schiff … Hey Peter Schiff fans (including myself), check out Mike Shedlock on Kingworld news. He and Peter both correctly called the market crash. The diffrence though is that Mike (or Mish) and he’s investments done very well in 2008, Peter got CRUSHED 2008. Mike says China is all hype, and the dollar will rally.
They will keep … They will keep propping it up, for as long as they can.
Hoping to pass some of these ridiculous schemes that we can not afford.
I worked hard, like you, now this foolish policiting, pseudo takeover of America is going to take my money?
I do not want to pay for others, houses, healthcare, food, cars, internet, get a job,
work.
Stop voting like an asshole.
Mr. Sunshine gives … Mr. Sunshine gives good economic analysis, but that hasn’t much to do with politics or the political office he seeks, sadly.
The nation’s governments have morphed into nested labyrinths of criminal enterprises at the federal, state, county & local levels and across all branches, and the Fourth Estate too.
VIDEO: “CNN: The Politics of Planting”
They no longer need citizens, and the peasantry has no problem with their new role as hapless subjects at the receiving end of ever more “free” stuff.
Peter thanks for … Peter thanks for the wisdom everthing you said is true even when real estate was reasonable upkeep and taxes are a huge expense. On another note did you catch those fools led by the sexy Alexis Glick and her crew all stating how we need another homebuyer stimulus until demand comes back. If they are not shills for the Wall Street crooks then they are endlessly clueless hacks who never learn. Another Stimulus = a more bankrupt Govt and another huge wave of individual and bank defaults
Clearly the Gov has … Clearly the Gov has printed a few Trillion USD –
BUT – over the last 24 months stock holders lost about 15 Trillion USD; homeowners lost equity of about 20Trillion USD.
So my question is . . . Does the USA have MORE currency/wealth over the last 24 months or LESS currency/wealth? And what does that mean to Real Inflation (cost of bread and butter)?
The brilliant … The brilliant economist Peter Bernholz at the Univ of Basel, Switzerland, said hyperinflation occurs when the govt deficit exceeds 40% of its expenditures. Guess what, the U.S. hit the 40% mark in 2009. Just a few years ago th Swiss Frank was worth only 70 cents, now its virtually at parity with the US Dollar. Defend yourself, buy Gold, don’t rent houses.
His explanation on … His explanation on rent cost is spot on, at least to me. I lost my job in the automotive industry. I saw this coming and I was renting a house for $700 a month. I’m 25 and moved back in with my parents and now the house is for rent for less than I was paying to get someone back in there. And this isn’t even the cheapest price in town, I just didn’t want a dump. Yes the rents ARE going down in town as more ppl lose their jobs in town. THIS IS REALITY! Thanks Peter.
Schiff Report Video Blog Oct 28th, 2009 Also check me out on
January, 28th 2010 at 8:05 am
I think Peter …
I think Peter speaks nothing but truth, too bad nobody wants to hear the truth.
January, 28th 2010 at 8:05 am
First – I didn’t …
First – I didn’t ask your opinion dumb aussie – so keep it outback where it belings! I am NOT ONLY blaming Obama – I did also mention BIG Government, plus Obama is driving the boat now (or is at least the front man) so yes, he does get the blame – when Bush was in office, he got the blame, he is gone Obama is in, thats the way it works – jerk! I know who the real criminal is, the not-so-federal federal reserve! I am in groups doing all we can to spread the truth about all these criminals!
January, 28th 2010 at 8:05 am
When inflation …
When inflation doubles in a few years that 9K will only be worth 4.5K, and your rent will go up and overhead costs too.
January, 28th 2010 at 8:05 am
Schiff says that …
Schiff says that the economic breakdown started back in 2000, I say late 1999. America is as phony as yourself putting it all on the fallguy, Obama.
January, 28th 2010 at 8:05 am
If you invest every …
If you invest every year your 9k expecting 20% yield compounding within next 5 years, you will have roughly 80k for further investment. Go BHP or RIO. That will give ya conservative hedge, yield and dividends in the unstable environment.
January, 28th 2010 at 8:05 am
In hole …
In hole Australia
I earn 50k
-18.5k rent
-13k tax
-10k expenses for 2 children n stuff
savings 9k per year
January, 28th 2010 at 8:05 am
Here are upsides to …
Here are upsides to a weaker dollar.The US benefits from a reduction in the international role of the dollar. Unless the United States quickly achieves&maintains a sustainable econ position, its ability to pursue autonomous economic and foreign policies will become increasingly compromised.A falling dollar is thus a mechanism whereby excessive US borrowing from abroad can be rolled back., it would help to meet a stated goal of world leaders in recent G-20 meetings.
January, 28th 2010 at 8:05 am
Beyond this …
Beyond this indirect gain, the most direct effect of a weakened dollar would be to hike the cost of goods imported into the United States and make American goods appear cheaper to the rest of the world. This, over time, would likely ease the pressures for trade protectionism that have increasingly strained U.S. relations with countries like China, Canada, Mexico, and the members of the European Union.
January, 28th 2010 at 8:05 am
Peter is exactly …
Peter is exactly right, you should see the amount of Apartment buildings that are being built in the Los Angeles area. They are sprouting up like weeds, but at the same time so are For Rent signs. They are all over the place. And people keep losing their jobs, moving away, etc, so there are going to be an insanely excessive amount of unoccupied apartments and homes all over the place, and thats just in LA. And things are only going to get worse. Wow, thanks Obama & BIG Government!
January, 28th 2010 at 8:05 am
Hi Dell. I tried to …
Hi Dell. I tried to find how well Mish had done in 2008, but all I could find is the funds in that company he works with/for. (Sorry but I forget the name at the moment) From that I gathered he didn’t do well at all actually. If you could provide me with some links it would be appreciated.
What exactly is Mish calling for wrt the dollar index?
January, 28th 2010 at 8:05 am
Thanks DR DOOM!!!!! …
Thanks DR DOOM!!!!!!!!
January, 28th 2010 at 8:05 am
Hey Peter Schiff …
Hey Peter Schiff fans (including myself), check out Mike Shedlock on Kingworld news. He and Peter both correctly called the market crash. The diffrence though is that Mike (or Mish) and he’s investments done very well in 2008, Peter got CRUSHED 2008. Mike says China is all hype, and the dollar will rally.
January, 28th 2010 at 8:05 am
No stock market …
No stock market crash in 2009? ….Are you SURE about that?
January, 28th 2010 at 8:05 am
Peter Schiff is …
Peter Schiff is very credible, he was on Glenn Beck’s program.
January, 28th 2010 at 8:05 am
They will keep …
They will keep propping it up, for as long as they can.
Hoping to pass some of these ridiculous schemes that we can not afford.
I worked hard, like you, now this foolish policiting, pseudo takeover of America is going to take my money?
I do not want to pay for others, houses, healthcare, food, cars, internet, get a job,
work.
Stop voting like an asshole.
January, 28th 2010 at 8:05 am
Mr. Sunshine gives …
Mr. Sunshine gives good economic analysis, but that hasn’t much to do with politics or the political office he seeks, sadly.
The nation’s governments have morphed into nested labyrinths of criminal enterprises at the federal, state, county & local levels and across all branches, and the Fourth Estate too.
VIDEO: “CNN: The Politics of Planting”
They no longer need citizens, and the peasantry has no problem with their new role as hapless subjects at the receiving end of ever more “free” stuff.
January, 28th 2010 at 8:05 am
that video started …
that video started out slow and loving, then moved to quick and jack hammer like, until it climaxed at the end
January, 28th 2010 at 8:05 am
Peter thanks for …
Peter thanks for the wisdom everthing you said is true even when real estate was reasonable upkeep and taxes are a huge expense. On another note did you catch those fools led by the sexy Alexis Glick and her crew all stating how we need another homebuyer stimulus until demand comes back. If they are not shills for the Wall Street crooks then they are endlessly clueless hacks who never learn. Another Stimulus = a more bankrupt Govt and another huge wave of individual and bank defaults
January, 28th 2010 at 8:05 am
you want the answer …
you want the answer???
its more / fucked
January, 28th 2010 at 8:05 am
Clearly the Gov has …
Clearly the Gov has printed a few Trillion USD –
BUT – over the last 24 months stock holders lost about 15 Trillion USD; homeowners lost equity of about 20Trillion USD.
So my question is . . . Does the USA have MORE currency/wealth over the last 24 months or LESS currency/wealth? And what does that mean to Real Inflation (cost of bread and butter)?
January, 28th 2010 at 8:05 am
The brilliant …
The brilliant economist Peter Bernholz at the Univ of Basel, Switzerland, said hyperinflation occurs when the govt deficit exceeds 40% of its expenditures. Guess what, the U.S. hit the 40% mark in 2009. Just a few years ago th Swiss Frank was worth only 70 cents, now its virtually at parity with the US Dollar. Defend yourself, buy Gold, don’t rent houses.
January, 28th 2010 at 8:05 am
His explanation on …
His explanation on rent cost is spot on, at least to me. I lost my job in the automotive industry. I saw this coming and I was renting a house for $700 a month. I’m 25 and moved back in with my parents and now the house is for rent for less than I was paying to get someone back in there. And this isn’t even the cheapest price in town, I just didn’t want a dump. Yes the rents ARE going down in town as more ppl lose their jobs in town. THIS IS REALITY! Thanks Peter.
January, 28th 2010 at 8:05 am
global currency!!! …
global currency!!! this is how they’re going to do it. with a financial “crysis”
January, 28th 2010 at 8:05 am
civilization*
and …
civilization*
and the government can never destroy the free market completely… it will go underground to survive if it has to
a good example of that is the black market
January, 28th 2010 at 8:05 am
Dadge42
Pardon me, …
Dadge42
Pardon me, but I beg to differ.
You forgot to add “Royally”
)