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Peter Schiff describes the next market collapse
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 983978:MV8xNjYzOTIyXzI3NDk3Njk0X0VDMDQyRjI1] [quote:Anonymous Coward 1917149:MV8xNjYzOTIyXzI3NDk0ODM0X0VDMDQ1NEI=] Yes, but when you tell people what they should do to prepare they don't wanna hear it....PAY OFF ALL YOUR DEBTS OR AT LEAST REDUSE AS MUCH AS POSSIBLE!...Then you won't be a slave.... [/quote] Fuck 'em! Bankruptcy rules! [/quote]
Original Message
Mr Schiff goes to Washington: [
link to www.youtube.com
]
This video is a must to watch. Mr Schiff predicted the market collapse of 2008 nearly 2 years in advance, back in 2006 (Watch: [
link to www.youtube.com
]
The next collapse will make the events in 2008 look like a walk in the park...
Pls listen to what he says:
1. Interest rates ARE BEING KEPT ARTIFICIALLY LOW...
2. This is going to be maintained so until the Presidential elections, next year.
3. These interest rates MUST return to their normal market regulated level at some point. When it happens, this is it...
4. People have no savings, because the interest rates are too low. The money lent by banks today come nearly all of it from the FED... It can not stay like this forever.
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