Peter Schiff: The Stimulus Is The Reason The Economy Is So Sick!

tommy75

http://www.youtube.com/watch?v=Ru1AnAAhtx0

PasturesNew

I have no speakers

Llubrevlis

He was right in the past even though he was laughed at.

I do like his books they explain the crisis very well.

He is a big gold and silver bug. They all call him Dr Doom.

pop_gun

i listen to peter schiff alot. gold and silver markets are heavily manipulated by the federal reserve and the U.S. government. max keiser and jim rogers are other names you should look out for.

purch

They all call him Dr Doom

Nouriel Roubini will not be happy.

That's his 'moniker' :eek:

sabretoothtigger

Theres like four horsemen all called dr doom but really the four responsible are geithner, bernanke, bush and obama

Heres another film on the subject giving a few interesting facts starting around 25 min mark. The money spent on bailouts recently out weighed the cost of every war fought in the last hundred years plus the space program

Bush charged more debt to the us taxpayers then the collective cost of every president before him going back to washington. Obama then exponentially is set to do the same again including bush

http://www.youtube.com/watch?v=4ECi6WJpbzE


If usa raised rates by only 1% it would cost them 100bn in interest payments or equal to the annual cost of vietnam war. Most usa debt is short term and set to current rates. UK is more set to long term debt

PasturesNew wrote: »

I have no speakers

youtube can transcribe the audio to text, with varying success

PasturesNew

sabretoothtigger wrote: »

youtube can transcribe the audio to text, with varying success

I am also on a dongle, with a bandwidth limit

Ic1male

Very good documentary.

The only question is how long can the USA keep the $ on life support?

When the $ has a currency crisis how will that affect the rest of the world?

What will happen to the price of gold and silver at this time?

sabretoothtigger

how long can the USA keep the $ on life support?

it cant at all. its down to the creditors of the usa I think. Collectively they might never call time or care about losses

ManAtHome

pop_gun wrote: »

max keiser

Wandered in to Russia Today on Freeview (channel 85) a couple of weeks ago - he's on midnight to half past a few nights a week, worth a look.

sabretoothtigger

Yea I wasnt sure about him, gerald celente is a pleb but max explains a few things occasionally as well as lots of gloating, is that why russia likes him :laugh:


Russia calls for return of sound money, isnt that massively ironic but perhaps they'd know better then anyone else recently

http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html