Debate: Peter Schiff vs John Mauldin @ CA Resource Investment Conf. Palm Springs, CA - Feb 2013Submitted by AnCapMercenary on Sun, 03/10/2013 - 22:29
Published on Feb 25, 2013
An epic debate about the creation and preservation of wealth featuring Rick Rule, Peter Schiff, John Mauldin and Grant Williams. The highlight is a classic faceoff between Peter Schiff and John Mauldin that takes place around 7:30 in and goes on for several minutes and really heats up at 9:30.
The debate took place February 24, 2013 at Cambridge House's California Resource Investment Conference in Palm Springs.
Submitted by Tyler Durden on 03/10/2013 19:12 -0400
Based on the coming 'oil revolution', John Mauldin makes the point that the US can run $300-400 billion deficits and the Fed "can print trillions" and the dollar will surge (since the rest of the world demands it).
Peter Schiff begins quietly adding that "we don't have that much oil" then goes on to discuss the 'ifs' in Mauldin's thesis, beginning the wildcard that "we can't suppress interest rates indefinitely" as we await this supposed oil export boom to begin - and that somehow the US is expected to generate a budget surplus when even the perpetually optimistic CBO in its most recent forecast gave up on expecting a surplus in the future of America. Ever.
The ensuing 3 minutes or so is worth the price of admission as Dollar bull meets Dollar bear in a nose-dripping, face-ripping trip into the future.
*** I friggin' LOVE the net! Regret to say, I've never heard of CambridgeHouse.com until ZeroHedge linked to the YT vid. Awesome stuff!
Check out their other videos, including more Schiff, Doug Casey, Rick Rule, and even the Dollar Vigilante's Jeff Berwick: http://www.youtube.com/user/cambridgehouseintl/videos
Bill Murphy, GATA:
David Franklin, CEO of Sprott Private Wealth: