Peter Schiff: The Crisis Just Begun
Submitted by legalizeliberty on Sun, 03/22/2009 - 16:29
After banks in Iceland received their bailouts against the population's wishes, the banks declared bankruptcy leaving the population stuck with the debt for the bailouts and no jobs. This is what is going to happen here.
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I don't know but it looks like
no one has been considering the bag of tricks still to be opened by TPTB.
Has anyone had a look at the markets today??? They're thru the roof!! I think any "crash" is a long way off, IF it happens at all.
They...
...gotta keep folks coming up over the next hill...
What crisis, "MANIPULATION"
There is only one reason to raise rates & that is to keep the little guys from upsetting their apple cart.....you-no
What to invest in?
Maybe folks could invest in comodites like the Jim Rogers fund is doing, perhaps its the way to go, I don't really know. The American private sector has always been resilient and able to over come govt. medeling and screwing up of the economy, but maybe not this time. I,m going to hang in there and have no plans of leaving the country. I hope we don't end up with another Wimar Republic or Great Depression. This stuff sounds scary and unfortunatally Americans are afraid of real change thats why we have Obama for president which is really more of what caused the problem. If people are smart enough to realize socialism and not the free-market is what got us into this mess maybe there will be a chance to turn it around.
Bond Bubble? Anybody know about this?
I sold all my stock last July and missed the debacle of September 8th, and that which followed through the fall. So I got out in good shape.
But I have quite a few dollars in Bonds, and Mr. Schiff talked about a 'Bond Bubble' a couple of times. At one point he said, "...by the end of the year," but I don't know if he was talking about bonds, or the economy in general.
If there are any Bond people at Daily Paul - I would certainly welcome some input from you. I don't know much about them. I certainly am thinking about liquidating them and putting the money into Euros or Yen. But then, Schiff said that most 'Fiat currencies' are risky.
So where does one invest these days? Or does one just cash in the chips and stick the money in a safe?
You can short the bond market by buying an ETF like
TBT. That along with precious metal stocks and precious metals are the ways I am hoping to get through this somewhat intact.
He has been saying for some time
to "get out of the dollar". This would include the bonds. I think the govt wanted everyone to flee to bonds because that is how they borrow the money to fund the bailouts.
I'm invested in foreign stocks and gold (with Schiff). You can also invest in foreign bonds and I may do that at some point.
For me, it isn't practical to put ALL my money into food and PM's.
think like a feral animal
What has real, intrinsic value? What can YOU use - eat, make medicine, build stuff out of...
Gold and silver are the only currency we mess with as an investment, and we do NOT count on a big increase. It is wealth we can put in our pockets and RUN with, if we need to. Also, we are healers by nature and profession, and know how to make medicine out of silver.
We are "heavily invested" in rice and beans. Big, heavy sacks... lol! Seriously, I fully intend to feed as many people for as long as I can rather than shoot the sleeple who failed to prepare. I have enough seeds to start 100 gardens. I will give seeds and hens away, too. I have a big pile of scrap lumber that people will be invited to build their own coop from. I am "investing" in being prepared FOR my sleeple neighbors.
IF I had any extra money to invest, I would buy land in a foreign country. Indeed, we are going to try to really hustle this spring and try to scrape together a little cash to do just that. We are planting a garden and hunkering down, but also trying to be ready to flee the country permanently on a moment's notice.
Truth exists, and it deserves to be cherished.
Zen>>>>> GOLD AND SILVER...
Zen>>>>> GOLD AND SILVER... BUY AS MUCH AS YOU CAN... A PRODUCTIVE 20 ACRES OR SO IN A SMALL FARM TOWN.. STORAGE FOOD, WATER AND PERSONAL PROTECTION ITEMS.. THAT IS WHAT YOU INVEST IN!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Peter Schiff keeping it
Peter Schiff keeping it real, You'd think some of these talking heads would get on the band wagon after how accurate he's been. But they all look like they are just barely tolerating him and hate that he has been so right on...
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Get Prepared!
Only dead fish go with the flow...
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
i second that
just wanted to second tessie's notion that legalizeliberty is the man! i appreciate all your hardwork putting up these posts. you consistently post great material and have positive interaction in the forums.
Fantastic video
Schiff is brilliant at explaining past, present, and future. It'd be terrific if we could get him to run for public office in 2010, it'd be a major step for the Revolution.
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This scares me
I am so not prepared. Having been unemployed most of last year and now fighting to catch up on bills, I am not ready. There are so many things for survival I need to buy. I need to put in a garden but not able to do it by myself. I have a little stored up but not enough.
I am afraid we are not going to be able to win this.
You should be scared! Screw
You should be scared! Screw catching the bills up they won't matter in a year or less. Get prepared now!!!
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Get Prepared!
Only dead fish go with the flow...
-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
If you surrender now...
..you have no hope.
You are already way ahead of the herd. Perhaps you lack firearms, or ammunition, or agricultural experience, or barter skills, or silver or gold, but simply by virtue of being connected to this online communityof r3VO_]utionary radicals and keeping your head up you are more mentally and emotionally prepared than the vast bulk of humanity.
While you still have time, do SOMETHING. Pick up extra toilet paper at the supermarket. Visit that coin shop. Learn to roll cigarettes or bandages (skills will always be in demand). Keep clawing your way forward, one agonizing inch after the other. We're also here, and we'll be helping each other. I know I'm going to need plenty of help.
Shalom
The Freedom Formula: Au + Ag + Cu + Pb
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
Bump...
Schiff, tells it like it is, and I am so proud of him...
Ron Paul has been doing the same thing for years, I really hope people wake up before it is too late...
Are you trying to scare me ?
I'm getting worried listening to these guys.
Be Prepared...
That is what we have been saying for the most part all along. Make sure you have food (seeds too), water, shelter, whiskey, sewing needles, generators, diesel fuel, guns & ammo, a deep shelter for all those things, of course yourself, and family. Oh, and please do not forget gold, and silver if you can manage it. When America takes the fall, and I personally believe it will be after the G20 meet next month, you will wish you had gold and silver in your possession, not in ETFs either, make it physical gold and silver. Store your wealth close to home, and protect it.
This is not to make you scared, it is to make you realize what is happening around the world does not revolve around the United States, or the average American citizen, and don't think that the big players in the scheme of things won't just pull the plug out from under the United States. Unfortunately, for Americans, the Bankers/NWO folks have infiltrated the American credit market, and the Banks here in the good old USA. I am by no means an Obama supporter, but I will tell you, he has been put into office as a puppet, and a scapegoat for the big head dogs that control the world. I predict between June 2009, and September 2009 the G20 will make an announcement for a global currency, or a basket of several, and it will not include the US dollar, Obama will obviously buy into that, especially with the financial turmoil our Country is in. I also believe that if they (the Chinese, and Russians) are smart they will back these currencies with gold or silver. Who are the countries that have bought the most gold and/or silver over the past 2 years? Well, that would be China, Russia, and India. Funny thing is China has NOT been buying all it's gold on the open market, so this leads me to believe they have quite a bit more than we realize. Putin is no dummy, personally I give him credit for being honest, and wanting to do the right thing for the people of Russia, he is admirable, and I know in saying that I will be cast as a dissenter, but when I see a leader, or ex-leader of a country wanting to do what is best for their country, I will give him praise all the time, mind you I am ex-military of the US, and have never had a sitting President in our country that has actually cared about the regular joe-blow citizen in our country, the only exception would be Ronald Paul, Congressman of Texas, and I am of California, and did not have the honor to vote him in as my Congressman, but I had the opportunity to vote for him as President as a write in here in California.
Okay, lets see here, what will happen next. When the G20 had their pre-meeting meeting last weekend, PM Gordon Brown, and the PM of Germany actually said they want a different reserve currency, and have every intent to sway the US government when they meet on April 2, 2009 in order to do that. We all know that China, and Russia want the same thing, we have also heard that the UN is saying that countries should dump the Dollar as the Reserve Currency. Enough Said!!!! If you disagee or have questions regarding my post please let me know so I can give you some feedback..
This is why we have to
End the FED and restore SOUND MONEY to America.
Rally on April 25th
http://www.endthefed.us/
realedrefor...
yes, we must END THE FED period...They are evil, very evil, and only care about the elite, they do not care about the American blood, sweat, and tears, or the American Dream.....
Excellent
Comparing Bush to Hoover and Bambam to Roosevelt was superb. Thanks for the post. It helps people understand and for the guy who is trying to get through to his dad (Qwerk) download this video and let him watch it.
Detective Krum Investigates:
http://victory1project.wordpress.com/
http://v1-p.com/
Detective Krum Investigates:
http://victory1project.wordpress.com/
Already sent to him!
Thanks for caring.
Here, Here!!!!
That is exactly what is going on, let the insanity stop, and let it stop with us, NOW!!!!!!
Noticed
Schiff was wearing a *gold* tie.
"It's just one big club... and WE ain't in it!"
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
Gold tie
very appropriate.
Gold, red, blue, or purple tie...
does that really matter, and is that really what counts when the truth is being told about our financial, and our economic situation?
Well...
...it doesn't matter a LOT, but good theatre often makes for more effective propaganda. Maybe that gold tie will help sink it into the minds of some viewers.
Inch by agonizing inch... after all.
The Freedom Formula: Au + Ag + Cu + Pb
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
Excellent! Schiff was able
Excellent! Schiff was able to compare Obama to Roosevelt in a negative way. His comment about the Madoff Ponzi scheme was priceless when he used it to demonstrate why an unsustainable system must be ditched.
that's it
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.
Very Concise Interview Tim
Very Concise Interview
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007