Peter Schiff - Kudlow Report 4/6

If you could be guaranteed a 2.5% return on an investment for 40 to 50 years that would be a pretty decent deal.

Instead we get a guaranteed reduction in the value of our savings at a rate of 2.5%.

I think Wall Street and Main Street have divergent interests here.

Peter Schiff does a great job, but he can't do it alone. Check out Max Keiser at 'maxkeiser.com' and give him your support as well. Max explains things a bit more deeply than Peter Schiff does, which is why Keiser is only on tv in Europe. Plus Keiser is funny as hell.

2.5% doesn't sound like much, but as Peter effectively points out - it still destroys the value of the money.

2.5% over a period of 100 years would result in the dollar in 2109 having the purchasing power of less than 8.5 cents in 2009 money.

You know, people in the U.S. and the rest of the world really do save money and pass that on to their kin. Imagine setting aside $1,000,000 so you could pass it down to your great-grandkids years from now... but by the time they get the money it has 85,000 in purchasing power instead of a million in purchasing power (in 2009 purchasing power).

People might say, well then you would be crazy to just put money in a safe place like that. But why should that be crazy? Why shouldn't money be able to store value properly?

For hundreds of years in the U.S., including many years before we even became the U.S., there was barely any loss of value in money at all. A dollar from 1808 essentially had the same purchasing power as a dollar in 1909.

But now we have a fiat currency and government can use that fact to steal even more from us. When you learn this stuff it's like waking up in a bad dream!

to Schiff's ant

on these shows? People who watch CNBC don't want to hear the truth anyway.

Mental midgets.

A complete lack of common sense, a complete lack of seeing the bigger picture, a complete lack of recognizing that the fundamentals of the economy have not changed beyond some phony charts and fancy looking graphs.

Look at the jobs report. Look at the increase in the money supply. Look at the insolvency of the banks.

http://federalfallacy.com

As long as these infants have their inflation bottle all is right with the world.

How short sighted are these pricks? I think that nobody could be that stupid and they are just cynical bastards. ...Just my opinion.

is like arguing with a rock. They can't think outside the box because all they know is what is inside the box with them. To them, the box is the entire universe.

"Tobacco will get you through times of no money better than money will get you through times of no tobacco"

"It's just one big club... and WE ain't in it!"

These guys just can't seem to think anything other than "inflation=good".