Tuesday, August 31, 2010

Peter Schiff : all the banks will fail when interest rates will rise

Peter Schiff : when that bonds bubble burst and the federal reserve is forced to raise its interest rates ...at some point in ti interest rates have to rise ..., when they will do all the banks will fail because their balance sheets cannot survive it

Schiff Report : Markets, Obama, Krugman, Reich

Schiff Report Video Blog Aug. 30th 2010
I forgot to mention the Swiss franc made a 52 week high today

Sunday, August 29, 2010

Milton Friedman: Why the Great Depression Happened

Milton Friedman: Why the Great Depression Happened



There needn't be even one new dollar created to prevent economic downturns if markets have enough confidence the Fed will do its job. That's one point many of the ignorant, unimaginative Schiff / Rogers / Faber / Paul fans don't seem to understand. As long as there aren't shocks to the economy that actually reduce economic capacity in some permanent way, such as an major astroid impact or locust plague, this is true

Peter Schiff : the FED is turning this Recession into a Depression

Peter Schiff On CNBC 08/27/10 - Monetary vs Fiscal Policy Fix


Peter Schiff : Bernanke has done enough damage , I wish he could stop and leave the economy heal , Deflation is not a problem it's healthy it is what the economy needs the FED inflated an asset bubble , let it deflate , it's the stimulus that we do not need , it is toxic it's the reason that the FED is turning this recession into a Depression ...""rates are too low they should get higher , we have no savings in this country and we are not going to get any savings zero percent interest rates , and the problem is the government is spending too much ney , it is borrowing too much money , we are never going to restructure the economy to produce things to provide employment for our citizens unless the government get out of the way unless the government shrinks and returns resources to the productive part of our economy...."...etc...

Peter Schiff - Bush Stimulus Caused Our Problems, Obama Stimulus is Making it Worse!

27th Aug 2010 - BBC Newsnight.
Peter Schiff and Laura Tyson Discuss the sad state of the US economy.

Saturday, August 28, 2010

Peter Schiff : deflation is what we need but Inflation is what we are going to get

Peter Schiff on Goldseek radio - Aug 28 2010





Peter Schiff : It's much better to let Fannie and Freddie go bankrupt get rid of them shut them down , there is np reason that the government should be guaranteeing mortgages people should be buying houses that they can afford they should not be buying houses because the government guaranteed the debt , we want market forces to determine housing prices and interest rates , we do not want government bureaucrats to try to guess where housing prices should be or what interest rates should be , because they are gonna guess wrong and they are going to do a lot of damage to the economy ...
The government plan to stimulate the economy is to stimulate it with Inflation
.. deflation is what we need but Inflation is what we are going to get ...etc....

Friday, August 27, 2010

Peter Schiff report : 2nd Qtr. GDP, Bernanke, economists, gold stocks, my crib

Schiff report video blog Aug 27, 2010
Note: When referring to GDP I said 4th qtr. when I meant to say 2nd Qtr.

John Stossel - Politically Incorrect Guide To Politics

Originally aired on Friday, October 17, 2008

Thursday, August 26, 2010

Ron Paul: Audit the Gold !

Ron Paul explains why we should audit the gold held by the federal government to find out if it's still there.
Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, a return to sound monetary policies, and a foreign policy that puts America first.

Peter Schiff warns about an Inflationary depression

Peter Schiff :"We are going to be in a depression. It is going to be an inflationary depression, and our standard of living is going to fall dramatically in this country,"
"Things could get very bad in this country, and people might want to leave, and when they do, it might be illegal to leave with your gold or your money. Who knows, you may have to pay your share of the national debt,"
"When the dollar had that big rally people who initially followed my advice actually fared worse than people who followed more traditional advice,"

Wednesday, August 25, 2010

Peter Schiff : we built a phony economy based on spending

Peter Schiff : U.S. Is Dragging Down The World Economy!

August 25, 2010 MSNBC
Peter Schiff : we want the housing prices determined by the market not by the bureaucrats ..., we had a housing bubble because of government stimulus , they kept interest rates too low they subsidized mortgages , and so people bought houses they could not afford because their houses were going up they did not save any money , so the savings rate went to the floor , the trade deficit went to the ceiling ...we built a phony economy based on spending...

Peter Schiff : The Feds Biggest Bubble

By Peter Schiff

I've made a living out of exposing economic fallacies, but there's one whale that I can't seem to harpoon. Even top-flight Wall Street analysts seem to believe that the Fed's doubling of the monetary base after the credit crunch has not had an inflationary impact on our economy. Their logic can be summed up like so: "The money the Fed created and dropped from helicopters has all been caught in the trees." In other words, the Fed is creating money, but it is just being held as excess reserves by the banking system instead of being loaned to the public. Therefore, the money supply hasn't truly increased, there is no money multiplier effect, and aggregate price levels are behaving themselves.

But this is only a half-truth. Yes, most of the money created by the Fed has been kept by commercial banks as excess reserves. However, the Fed doesn't conjure reserves by magic. It first creates an electronic credit by fiat, then purchases an asset held by a financial institution. Those primary dealers then deposit that Federal Reserve check into their reserves. The act of creating money from nothing and buying an asset -- be it a Treasury bond or Mortgage Backed Security (MBS) -- drives up the price of that asset in the open market. Those price distortions send erroneous signals to private buyers and sellers, eventually creating gross economic imbalances.
full article >>>>

Tuesday, August 24, 2010

Peter Schiff : The Bond Market is the mother of all bubbles right now

Time to flee US treasuries

CNBC Aug. 23 2010 : Peter schiff : I am sure I can speak for Mister Marc Faber as well I have met him several times and we agree on this , I think The Bond Market is the mother of all bubbles right now when it burst the loses will dwarf the losses of the combined losses of the stock market bubble and the real estate bubble , no the problem is there is no way for the government to pay this money back theonly way they can do that will be a tax increase which is just horrendous and can never be accomplished , or the government gonna have to tell people on social security or medicare that they are not gonna get their checks because the government needs it to pay interests on the debt , and it is not only paying the interest , what i am afraid is that when people realize that we cannot pay this money back we're going to be able to roll all these short term debts so it's not just paying the interest , we gonna have start retiring the principal and that just impossible so it's going to be massive inflation ...."...."this decade is going to be the worst decade for  bonds in history , bonds holders are going to be wiped out..."
Whether now is the time to ditch Treasuries, with Marc Faber, The Gloom, Boom & Doom Report; Peter Schiff, Euro Pacific Capital and CNBC's Sue Herera.

Monday, August 23, 2010

Recession, Bond Bubble, unemployment insurance, my investments

Schiff Report Video Blog August 23, 2010

Sunday, August 22, 2010

Lew Rockwell Endorses Free State Project!

Lew Rockwell, the founder of the Mises Institute and the most popular liberty-oriented website in the world, LewRockwell.com, has endorsed Keene's activism! In an hour-long interview on Keene's syndicated talk radio show, Free Talk Live, Lew called Keene "The northern capital of libertarianism" and suggested it was the "epicenter" of NH liberty activism. Lew identified himself as an "enthusiastic supporter" of the Free State Project, saying, "I definitely endorse the Free State Project". About Keene, he said "[i] especially like what you guys are doing in Keene", adding that activists "do amazing things here".

Saturday, August 21, 2010

Freedom Watch - Michele Bachmann,Joe Wilson,The War On Pot 8/21/2010

Freedom Watch - Michele Bachmann,Joe Wilson,The War On Pot 8/21/2010

Peter Schiff on US Dollar

"If you’re an American citizen and you own US currency, you’ve got a bullseye on your back and you’re in Ben Bernanke’s cross-hairs.quote"

Peter Schiff

Peter Schiff : The Fed Has A Drug Problem, Bernanke Is Addicted To Printing

By Peter Schiff Full Article >>>>

Aug. 15, 2010

The FED is addicted to Quantitative Easing

This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve's decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed's choices affect our lives much more than Slater's.

Just a few weeks ago, pundits were asking how Ben Bernanke would shrink the Fed's bloated post-crisis balance sheet. But in its August 10th decision, the Fed signaled that it would "recycle" its debt holdings; in other words, there would be no exit strategy for the foreseeable future. Given the fact that monetary stimulus will not only fail to spark a genuine recovery, but create a never-ending need for successively larger doses, Bernanke should grab a few beers and head for the nearest available emergency slide.

Friday, August 20, 2010

Ron Paul Will Run in 2012 ?

Thursday, August 19, 2010

Ron Paul : Gold is Money ! The Dollar Value is Destined to Go Down

Ron Paul talks to Chris Waltzek on GoldSeek Radio. Topics of discussion include the Financial Reform Bill, competing currencies, the gold price, and 2012.-

Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, and a return to sound monetary policies.



Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

Ron Paul was born and raised in Pittsburgh, Pennsylvania. He graduated from Gettysburg College and the Duke University School of Medicine, before proudly serving as a flight surgeon in the U.S. Air Force during the 1960s. He and his wife Carol moved to Texas in 1968, where he began his medical practice in Brazoria County. As a specialist in obstetrics/gynecology, Dr. Paul has delivered more than 4,000 babies! He and Carol, who reside in Surfside Beach, Texas, are the proud parents of five children and have seventeen grandchildren.

While serving in Congress during the late 1970s and early 1980s, Dr. Paul's limited-government ideals were not popular in Washington. He served on the House Banking committee, where he was a strong advocate for sound monetary policy and an outspoken critic of the Federal Reserve's inflationary measures. He also was a key member of the Gold Commission, advocating a return to a gold standard for our currency. He was an unwavering advocate of pro-life and pro-family values. Dr. Paul consistently voted to lower or abolish federal taxes, spending, and regulation, and used his House seat to actively promote the return of government to its proper constitutional levels. In 1984, he voluntarily relinquished his House seat and returned to his medical practice.

Dr. Paul returned to Congress in 1997 to represent the 14th Congressional district of Texas. He serves on the House of Representatives Financial Services Committee, and the International Relations committee. On the Financial Services Committee, Rep. Paul serves as the vice-chairman of the Oversight and Investigations subcommittee. He continues to advocate a dramatic reduction in the size of the federal government and a return to constitutional principles.

Dr. Paul is the author of several books, including Challenge to Liberty; The Case for Gold; and A Republic, If You Can Keep It. He has been a distinguished counselor to the Ludwig von Mises Institute, and is widely quoted by scholars and writers in the fields of monetary policy, banking, and political economy. He has received many awards and honors during his career in Congress, from organizations such as the National Taxpayers Union, Citizens Against Government Waste, the Council for a Competitive Economy, Young Americans for Freedom, and countless others.

Dr. Paul's consistent voting record prompted one Congressman to comment that "Ron Paul personifies the Founding Fathers' ideal of the citizen-statesman. He makes it clear that his principles will never be compromised, and they never are." Another Congresswoman added that "There are few people in public life who, through thick and thin, rain or shine, stick to their principles. Ron Paul is one of those few."

Milton Friedman explains role of gold in Great Depression

Peter Schiff U.S. Bubble Economy - February 2006

A speech by Peter Schiff on the U.S. Bubble Economy, from a February 2006 Money Show appearance.

Wednesday, August 18, 2010

Ron Paul: The American Empire Cannot Afford Another War ! - Alex Jones show

Alex Jones welcomes back Congressman Ron Paul to the show to discuss the latest on Iran, legislation in the house, and more. Dr. Paul is a member of the U.S. House of Representatives. During the 1960s, he served as a flight surgeon in the U.S. Air Force.

Schiff Report : Bill Gross Bailout, Government Motors IPO

Schiff Report Video Blog August 18th 2010


Tuesday, August 17, 2010

Peter Schiff blog : Dollar resumes its decline, reaction to the unemployment blog

Schiff Report video blog August 17th 2010

Peter Schiff : Commodities Going Higher As Currencies Are Debased CNBC 8/13/10:

Peter Schiff talks about his outlook for investments in Germany and other parts of the world.

Peter Schiff : Money and Markets

Money and Markets - August 5, 2010



Is the U.S. economy headed for another recession and, if so, is there anything the government can do to prevent it? Addressing those questions are a special roundtable of experts including Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital, and Republican Senate candidate in Connecticut; Mike Larson, editor of Crisis Opportunity Speculator and Interest Rate Profits; and Mike Burnick, Director of Research and Client Communications at Weiss Capital Management.

In our Picks and Pans segment, we'll examine the state of the financial industry using fresh data from Weiss Ratings and explain why more banks are now in danger of failing and another debt crisis may be on the horizon.

We'll also interview Senate candidate Peter Schiff and find out why he thinks we may be headed for a depression, not just a recession; why the Federal Reserve and the government shouldn't even be trying to stop it; and his thoughts on financial regulatory reform and energy policy. Distributed by Tubemogul.

Monday, August 16, 2010

Peter Schiff on The Stress Tests

Peter Schiff : "If we keep pursuing the policies that we are pursuing now we are going to have a depression that is going to last a long time. These stress tests are a joke, they were reverse engineered, there is no stress. I said it`s like letting a bunch of gerbils run on a bridge and then say "Aha, the bridge is sound!"I mean, there is no stress in these tests."

Peter Schiff on his Senate Candidacy

Peter schiff : "If people knew that I was a candidate, I think I would have this election in the bag right now."

The Fed Is Feeding An Addiction By Continuing Quantitative Easing

Peter Schiff, EuroPac

This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve's decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed's choices affect our lives much more than Slater's.
Just a few weeks ago, pundits were asking how Ben Bernanke would shrink the Fed's bloated post-crisis balance sheet. But in its August 10th decision, the Fed signaled that it would "recycle" its debt holdings; in other words, there would be no exit strategy for the foreseeable future. Given the fact that monetary stimulus will not only fail to spark a genuine recovery, but create a never-ending need for successively larger doses, Bernanke should grab a few beers and head for the nearest available emergency slide.
About a year ago, economic forecasters claiming insight into Fed deliberations spread the word that the central bank had devised a methodical exit strategy to unwind its balance sheet. The only question they thought worth discussing was when the plan would begin. Some even speculated that it already secretly had. In a July 2009 commentary entitled "No Exit for Ben," I argued that Bernanke and his cohorts never had any serious intention of implementing such a policy. I suggested that the Fed would continue to play the role of money-pusher - making sure the addicts were never denied a fix, even if an overdose threatened.
full article >>>

Sunday, August 15, 2010

Peter Schiff : the boom is the problem, the bust is the solution

Peter Schiff : "Contrary to what most people think, the boom is the problem, the bust is the solution. A boom is like an artificial high, like if you take heroin and you shoot yourself up with heroin and it feels really great, at least that is what they tell me. But anyway, that is artificial! You want to get healthy, right? Then you´ve got to go to rehab or detox, and you go cold turkey and you go through withdrawal. The withdrawal symptom is very unpleasant, very painful, again, that is what I hear. But it´s necessary if you want to remove these toxins from your system and get healthy. The same thing happens in the business cycle. When you have a central bank, and the central banks made the same mistakes in the 1920´s, when you have monetary policy too inflationary and you create an asset bubble, you create malinvestments. The malinvestments need to be purged, the economy needs to be rebalanced. But the government solution is "shoot up with more heroin", so that we can delay the withdrawal. But of course, they risk killing the economy with an overdose, which is what we might get, and an overdose, as far as monetary stimulus is hyperinflation, and believe me, that is a real possibility and we do not want to live through that!"

Ron Paul weekly update 15 Aug 2010

Obamacare's Hidden Monstrosities: A Disaster Waiting to Happen


08/16/2010 - http://www.RonPaul.com

It has been months now since the new healthcare reform bill was passed into law. This massive piece of legislation was passed with a sense of urgency so acute that leadership declared America could not afford to wait until legislators, their staff and the general public had time to thoroughly read the bill.

The truth comes out eventually, however. Much like the recently Freedom of Information Act requirements for the SEC that were slipped into the equally massive we are finally seeing what other insidiousness has been hiding in the fine print of the healthcare reform bill. It seems that all provisions in this poorly written and poorly conceived monstrosity need to be repealed as soon as possible.

One such disaster waiting to happen is one of the revenue-generating provisions used to claim that the healthcare reform bill was "paid for". $17 billion in additional tax revenue is supposed to come from an onerous new IRS reporting requirement that any taxpayer with business income who spends over $600 in one year with one business will have to report those expenditures to the IRS. Mind you, this is a cumulative total of $600 in transactions in one year. This will involve so much extra counting and paperwork that the IRS claims it will be unable to deal with it effectively, and even the American Institute of Certified Public Accountants, to whom it should be a boon, has come out against it. Apparently they realize they will actually lose customers, especially small businesses, to bankruptcy because of this.

Gold dealers are especially alarmed by this provision as most of their transactions easily top $600. This represents a significant outlay of time and paperwork and no additional revenue for businesses with which to hire people. Not to mention, this makes every business a de-facto IRS agent as if they didn't have enough to worry about already. Of course there is a tremendous outcry against this. Several other legislators also see how unreasonable this is and are trying to repeal it.

However, this would simply mean that $17 billion in healthcare funding will have to come from somewhere else, and there are no good options. Taxes from some other equally bad collection schemes; borrowing and more debt; creating more money from thin air and adding to the inflationary pressures. The best answer of course would be to repeal the entire healthcare law along with all other unconstitutional spending. But Congress is more likely to continue the shell game to cover the fact that we are broke and can afford none of this.

The whole idea of paying for new programs is a political euphemism that suggests that raising taxes is just as good as cutting spending since neither one increases the national debt. Raising taxes on small businesses with paperwork and regulations still increases governmental burden of our fragile economy. But this is our government's idea of fiscal restraint in action. What Washington needs to do is stop creating new programs and spending so much money. That would be true fiscal restraint.

Freedom Watch - Saturday With Rand Paul 8/14/2010

08/14/2010 Freedom Watch with Rand Paul, John Stossel, Neil Cavuto, Thomas Sowell, more

Monetary Cards on the Table by Peter Schiff

Peter Schiff
LewRockwell.com
August 13, 2010

In a commentary about a month ago, I described how the economic world seemed to be drifting into two opposing camps: the Washington-based “Stimulators,” who insist that more government debt is the best means to end the financial crisis, and the Berlin- and London-based “Austerians,” who argue that debt is the crisis itself. If recent economic data and currency movements can be considered votes of confidence, then the Stimulators should be sweating. Moreover, these recent signals should provide economic analysts and investors with a road map for the future.
To start, the latest economic news for the US has been bleak. Although 2Q GDP figures show the economy to be “expanding” by 2.4%, the pace is little more than half the average rate over the previous two quarters. What’s worse, US debt levels are expanding faster than GDP.

As everyone with a credit card knows, it’s easy to expand spending if you charge it. But even this borrowed growth has failed to make a meaningful dent in persistent US unemployment. The just-released July payroll report shows the American economy shed another 131 thousand jobs, marking three full years of private sector layoffs.
full article>>>

Judge Napolitano - History of Liberty - The Original Tea Party !

Saturday, August 14, 2010

John Stossel show - New threats to freedom



John Stossel show aired on FOX Business network on August 13th, 2010. I think that this time around Stossel has summarized and put into perspective other shows that were aired throughout the year. To me, the core matter is this: our freedoms are diminished every time the "busy bodies" (aka politicians) pass a new law to protect us from ourselves. The show is split into six segments:

1) Freedom under siege.
2) Policing what you eat.
3) Think the unthinkable? On campus, think again.
4) First amendment challenged.
5) Privatize it all - Glenn Beck and John Stossel.
6) Stossel's perspective.

The Golden Decade by Peter Schiff

As gold hovers near $1,200 an ounce and pundits speculate about a 'gold bubble', it's important for investors to remember that a mere decade ago the picture was very different. In the year 2000, gold sat at an unimpressive annual average of $279 an ounce - a two-decade low. At that time, most analysts thought gold was finished as a monetary metal. They said its price would never recover and only kooks with tin hats would invest in it. I was one of the very few financial commentators publicly saying that gold was not only viable, but entering a long-term uptrend.

With the benefit of hindsight, we can all see that the consensus was wrong. Gold has performed remarkably against the Dow, NASDAQ, and US real estate. The reason I was able to confidently forecast this result is because I ignore the 'certainties' determined by Wall Street consensus, and instead study the fundamental trends.

2000's - The Great American Century?

Ten years ago, the United States was the world's largest consumer of energy, house prices were steadily appreciating nationwide, the government was running a budget surplus, and there was widespread consensus that the world had entered a period of Pax Americana - stability brought about by permanent US dominance.
full article >>>

Peter Schiff : Gold is still cheap at $2000/oz

Peter Schiff : "Gold is cheap at $1000, and it will still be cheap at $2000. There is simply not enough gold to meet the demand that's coming" . Peter Schiff recently started a new company called Euro Pacific Precious Metals, LLC. www.europacmetals.com which delivers directly physical precious metals, gold and silver coins and bullion,Peter Schiff always recommends that investors allocate at least 5 to 10% of their portfolio to physical precious metals

Friday, August 13, 2010

Freedom Watch Freedom 08/13/2010

Freedom Watch Freedom 08/13/2010 with Sarah Palin, Walter Williams, Lou Dobbs, G. Edward Griffin, Gerald Celente and more

Unemployment compensation-- the new early retirement & 3rd rail of American politics

Unemployment compensation-- the new early retirement & 3rd rail of American politics
Schiff Report video blog August 13th 2010

Freedom Watch - Thursday Night 8/12/2010

08/12/2010 Freedom Watch Freedom Week with Geraldo Rivera, John Stossel, Bruce Fein, and more...

Thursday, August 12, 2010

PoliceState Arrest Libertarian John Bush violating Freedom to Peacefully Assemble, Speech+Press

In complete violation of the Constitution, John Bush is arrested while exercising three of his First Amendment rights: Freedom to Peacefully Assemble, Freedom of Speech, and Freedom of the Press.
All of this happened outside of Obama's speech on UT campus.

Some more oath breakers giving cops a bad name. Way to protect and serve and uphold and defend the Constitution. These individuals have failed their post and should not become anyone's idea of what an Officer is supposed to be.

Peter Schiff All Aboard For 2012 for Liebermans Seat



Peter Schiff : “When I entered this race, I had no name recognition,” “People didn’t think that I would get out of the single digits.”
“Linda McMahon spent close to $30 million on her campaign. What did she beat me by, 20,000 votes for an extra $20 million? How much is that per vote?” Schiff added
“I don’t think that I would win as an independent, if anything I would give the election to Dick Blumenthal and that’s not why I started to run,” Schiff said. “The good news is that Joe Lieberman is almost as unpopular as Chris Dodd. I am going to keep an open mind.”

Wednesday, August 11, 2010

Peter Schiff : The markets and the Fed

Schiff report video blog August 11th 2010

Schiff for Senate final thoughts

Ron Paul and Lew Rockwell on Freedom Watch - 08/10/10

Freedom watch of 10 aug 2010 with judge Napolitano Bill O’Reilly, Ron Paul, Lew Rockwell, Gerald Celente and many more...


Freedom Watch - 08/09/10

Judge Napolitano : that government is best which it governs least ...the topics this week are the government intrusion of our privacy in the name of our security , another 26 billion bailout package to the States and nearly 2 Billions more to Fannie and Freddie , The FED is continuing to undermine the economy...

Linda McMahon wins GOP Senate slot in Connecticut

Former wrestling executive Linda McMahon who spent more than $20 million of her own money on the primary race won the GOP Senate nomination for Connecticut. Unfortunately this means that the race is over for Peter Schiff...

Tuesday, August 10, 2010

Ron Paul and Lew Rockwell : We Have A Dictatorship When It Comes To Foreign Policy

August 10, 2010 News Corp

Peter Schiff: We are in the Early Stages of a Depression

full article : http://www.infowars.com/peter-schiff-were-in-the-early-stages-of-a-depression
Jennifer Schonberger
The Motley Fool
August 10, 2010
In August 2006, Peter Schiff, president of Euro Pacific Capital, offered what many considered to be an outlier prognosis for the economy: The exuberance would end, real estate prices would crash back down to earth, and consumers would revert to saving from spending. In short, a deep recession was in the works.

As outlandish as he may have sounded at the time, he was right. Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.

In an interview, Schiff, president and chief global strategist of Euro Pacific Capital, a candidate for U.S. Senate in Connecticut, and author of the new book How an Economy Grows and Why It Crashes, said he thinks the government’s policies — massive fiscal stimulus and a zero interest-rate policy — have put the U.S. on a track for a collision course.

Peter Schiff : we will be confronted with more problems than Greece when U.S. interest rates will finally spike

Peter Schiff : “When creditors ultimately decide to curtail loans to America, U.S. interest rates will finally spike, and we will be confronted with even more difficult choices than those now facing Greece. Given the short maturity of our national debt, a jump in short-term rates would either result in default or massive austerity. If we choose neither, and opt to print money instead, the run-a-way inflation that will ensue will produce an even greater austerity than the one our leaders lacked the courage to impose. Those who believe rates will never rise as long as the Fed remains accommodative, or that inflation will not flare up as long as unemployment remains high, are just as foolish as those who assured us that the mortgage market was sound because national real estate prices could never fall.”

Monday, August 9, 2010

Judge Napolitano : History of Liberty, The Original Tea Party

Judge Napolitano's History of Liberty, : The Original Tea Party

Saturday, August 7, 2010

Peter Schiff on Goldseek radio Aug. 7, 2010



Peter Schiff President & Chief Global Strategist
Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four bestselling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes".

John Stossel - Planes, Trains, and Automobiles

John Stossel show aired on FOX Business network on August 5th, 2010. Often times the question of privatization comes up and arguments are flying pro or against it. Those on the left favor central government planning and those on the right favor private initiative and private sector. Who is right and who is wrong, that's a $1000 question. The show is split into six segments:

1) Private better than public?
2) Rail: way of the future?
3) Spontaneous order.
4) Audience has its say.
5) Privatize it all - Glenn Beck and John Stossel.
6) Stossel's perspective.

Friday, August 6, 2010

Ann Coulter Trashes Linda McMahon

Sean Hannity Show Week June 28th 2010 - Ann Coulter shouts for "golden opportunity "in Connecticut for GOP. Trashes Linda McMahon as a "Pro-Wrestler" and doubts Peter Schiff can win with solely Tea Party support.

Thursday, August 5, 2010

Peter Schiff vs McMahon on Fox News 08/05/10

Peter Schiff Mentioned On Fox News 08/05/10

Peter Schiff on The Government bubble

Peter Schiff : the government workers are making too much

Aug 3, 2010 — U.S. Senatorial candidate and author Peter Schiff spoke to members of the Torrington Rotary Club on Tuesday, and touted fiscal responsibility as a top priority in the senate.Schiff said government workers are making too much money today
Peter Schiff : The first bubble was the tech bubble the second bubble was the housing bubble the third bubble is the Government bubble

Tuesday, August 3, 2010

Peter Schiff Interview withy The Norwich Bulletin


Watch live streaming video from norwichbulletin at livestream.com

Unfortunately The Norwich Bulletin have endorsed the republican Rob Simmons because they believe that he has spent his life serving in public sector while Peter Schiff and Linda McMahon were pursuing personal wealth according to the bulletin , Peter Schiff comments on this issues :
"The Norwich Bulletin has endorsed Rob Simmons because he has spent his entire life in service to his country. On the other hand, Linda McMahon and I have spent our entire lives in pursuit of personal wealth and self-interest. With that one observation the editorial board reveals their Marxist tendencies and demonstrates a complete lack of understanding of the free enterprise system upon which our nation is based.

According to the Bulletin the pursuit of personal wealth does not serve the national interest — that the goods and services provided or the jobs created in the process mean nothing. According to the Bulletin guys like Thomas Edison, Henry Forbes, Bills Gates, Steve Jobs, etc. have done nothing to serve the national interest. I suppose the invention of the electric light bulb did nothing to improve the lives of Americans. That candlelight is just as good. That all the jobs provided by Edison Electric did nothing to improve the lives of their employees. They must have a similar view of affordable automobiles, personal computers, windows operating systems, or iphones."
"What did Rob Simmons ever invent … nothing? How many millions has the Gates foundation given away in charitable contributions? Compare that to what Simmons is able to donate with his government paychecks…

Rob Simmons has spent his entire life collecting government paychecks. He has never run a business; he has never produced a product, provided a service, or created a job. Yet according to the Bulletin that makes his uniquely qualified to be a United States Senator.

According to the Bulletin my ideas are so radical and out of touch that they have no chance of success. Well I suppose to a bunch of socialist journalist, free market ideas are radical."
"Not a single newspaper has endorsed me. In fact, each one basically dismisses me as a nut."

Monday, August 2, 2010

Ron Paul on FOX Business News 08/02/10

Peter Schiff Exposes Liberal Linda McMahon

Linda McMahon who has defended the Wall Street bailout refuses to debate Peter Schiff face to face

The main target of Schiff For Senate's new TV ad is his Republican rival, Linda McMahon But the spot also aims at Democrat Richard Blumenthal

"Liberal McMahon supports taxpayer-financed government bailouts,'' the ad states. "That's right, just like Dodd and Blumenthal, Linda McMahon will be another vote for Obama's taxpayer-funded bailouts.''

Sunday, August 1, 2010

John Stossel - Sex and the Rules



John Stossel show aired on FOX Business network on July 29th, 2010. Title of the show: "Sex and the Rules." This time around, Stossel tackles a serious issue of "sex and the rules put around it in the US." The topic is serious and "for adults only" warning were issued before The show is split into six segments:

1) Prologue & Teens, Sex, and the Law.
2) Do sex offenders registries help or hurt?
3) Sex in the media, where do we draw the line?
4) The war on porn.
5) Don't ask, don't tell.
6) Stossel's perspective.
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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