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Peter Schiff and Marc Faber on The Glenn Beck Show 5/28/09

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reedr3v's picture

I was glad to hear Peter not expecting

absolute doom as Faber does.

Depends on the definition of 'absolute doom'.

For many people, a few years of 50% inflation would be absolute doom, depending on their investments.

Holders of savings accounts full of FRNs would be doomed.

Holders of most stocks would be devastated, because the market will crash hard when the dollar collapses.

Holders of gold and silver would come out pretty well, though not necessarily ahead. But they would be well set for any worst case scenario.

Holders of mortgaged suburban real estate might or might not come out ahead, depending on the value and geographic location of their investment.

Holders of mortgaged agricultural land would come out significantly ahead.

Support the Constitution of the United States

Support the Constitution of the United States


in case people haven't seen it.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Thanks patriot

Thanks for a bump....I am sure many people did not see it.

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

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