In this interview, Peter comments on: Problem with the S&P500 - Why it's rising! Vid go to 19 seconds Crash of the dollar first >>>>Bond market second>>>>Stocks will roll-over as well. Job numbers not a good report! Where's the manufacturing jobs, less hours worked, more government jobs which add fuel to the fire. Vid go to 01Minute Phoney economy, driven by cheap money....take away the cheap money the whole thing implodes! Vid go to 3 minutes 4 secs Peter advises of what to invest in (Apart from Gold) About to learn a much bigger lesson than 2008! The next collapse is the value of the USD 5 minutes 23 secs And what if I get caught up in the largest sell off in 30 years? (Peter smiles and explains...in no uncertain terms). 6 minutes My comment on that - "Funny how the paper market sold-off and everyone I've spoken to has purchased silver and gold hand over fist" Blah, blah, blah............arguing and shite slinging. :lol: Peter whips their arse as usual! [youtube]http://www.youtube.com/watch?v=6MdanMn4jYU[/youtube]
Ever had a video conference? Blah, blah, blah. Versus Yarda, Yarda, Yarda. How do you spell "talking heads"? I control many video conferences & the crap & words about who is in charge and the words exchanged are just white noise from people who think they are important in the grand scheme of things are amazing. Just because you wear a suit & tie does not make your words gospel.
Thanks holdie, especially for the synpsis too. What did I get from this video? a. I did like maria's green jacket :lol: b. Schiff says that firstly the USD will crash, then bonds, then the stock market. If you're into stocks that will be the signals. c. Socialist legislation meant to benefit the masses eg Obamacare end up hurting the masses. d. MSM has acknowledged that QE to infinity is a reality. e. The stock market and it's associated data is the key indicator used by Keynesians to gauge the effectiveness of government intervention. While the stock market edges higher, Keynesians maintain that their policies are effective, yet they are incapable of seeing that the further they kick the can down the road, the greater will the fall be.
IMO, Peter Shiff should be highlighting that the US economy is not the only game in town that could be the tipping point rather than trying to have to defend his position in Gold. Lets face it, there could be any number of situations around the globe that could trigger an avalanche of selling across all markets. One that comes to mind is the current Syrian situation. Another is China and Japan. Then there is the nutjob from Nth Korea. Each one of these hotspots has the potential to swing the pendulum. If the pendulum swings far enough, then yes, the US Fed will realise they can't do anymore propping up because no one believes what they say anyway. We have the EU demanding more austerity measures which sooner or later will lead to civil war within the regions. It will only take one of the countries politicians to have the guts to say 'No". We want to keep our sovereignty and will exit the EU. What do you think that vote of confidence would do for a country like Germany which is enshrined in the EU to work? When the other guy said even though it maybe a "Bubble" the market could still go up another 30% more. Well gee Peter, why didn't you mention the word "Risk"? Thats the whole point. Does one carry a can of Petrol in onehand and a lit match in the other? Sure, anyone can make money on the market atm. However, what's your risk appetite? Thats what Peter should have been drumming home to these clowns. Not playing into their hands and talking over the top of them to try to win a point. Cheers markcoinoz
Do you really think so? The Nutjob from Nth Korea has been banging on for months, the Cyprus banking fiasco has had very little effect. We've had a hundred Syrias in the last 40 years and nothing has changed. None of these situations have not been encountered before. They'll all be dealt with with the accustomed efficiency of the Pax Americana and swept away until a new emergency can be found. When I was a child the Communist fucks were to be feared. I think it was the Yellow fucks before that. Now it's the Muslim fucks. Maybe next decade it'll be the Rich fucks. What awaits us when the real emergency is on our doorstep may well be truly frightening. :/ Red wine and internet forums are a poor mix. :lol:
Someone clever termed the current circumstances 'return free risk'. It IS very hard to stand outside the herd and listen to the contrarian voice when all the commentators are saying ASX7000 by 2015 and the madness appears to be winning the battle against common sense AND the gold paper appears to be winning - though I take heart at Jim Sinclair: jsmineset.com
I thought the bond market crash was likely to be the trigger for a dollar collapse :/ ~7:15mins - It's not gold versus stocks, it's gold versus the dollar.
