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Peter Schiff describes the next market collapse

 
JAFO

User ID: 684867
Brazil
10/04/2011 03:06 PM
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Peter Schiff describes the next market collapse
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.
Anonymous Coward
User ID: 1310640
United States
10/04/2011 04:28 PM
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Re: Peter Schiff describes the next market collapse
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.
 Quoting: JAFO


Pretty much spot on.
Anonymous Coward
User ID: 1331379
United States
10/04/2011 05:21 PM
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Re: Peter Schiff describes the next market collapse



[noun]tard

User ID: 1495255
United States
10/04/2011 06:09 PM

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Re: Peter Schiff describes the next market collapse
I try and tell people I know and most justlala
Pass the doom please.

Life is tough; it's tougher when you're stupid---John Wayne
Anonymous Coward
User ID: 2603450
Australia
10/04/2011 06:11 PM
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Re: Peter Schiff describes the next market collapse
.



They mocked... and laughed at him on National TV.... and riddiculed this guy for years...



and guess what? He turned out to be right.



.
Anonymous Coward
User ID: 1917149
United States
10/04/2011 06:14 PM
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Re: Peter Schiff describes the next market collapse
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....
vj_04

User ID: 2144067
United States
10/04/2011 06:32 PM
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Re: Peter Schiff describes the next market collapse
Great post!

Thanks for sharing!!!

5*s
Eponymous Coward

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United States
10/04/2011 06:32 PM
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Re: Peter Schiff describes the next market collapse
I have a lot of respect for Peter. He stuck to his guns for years and then he actually tried to do something by running for office. That is a rigged game though, and Peter was never gonna get in to the Senate.

You should alway try to keep debt low. My only debt is my student loan, but I don't pay it off cuz they let me deduct the interest. I have the money available to pay it if I have to do it.

However, if the shit ever seriously hits the fan, having a low debt ratio won't matter that much.

Schiff is correct about the bubble having not been properly deleveraged and that instead we've artificially printed money and allowed the banks to play games with the accounting. The PTB are trying to unwind the problems without stopping the party. Not impossible, but not likely.
DonHeau

User ID: 1359307
United States
10/04/2011 06:46 PM
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Re: Peter Schiff describes the next market collapse
clappa

Thank you.

Last Edited by DonHeau on 10/04/2011 06:50 PM
We opened doors by thinking.
Anonymous Coward
User ID: 1515582
Korea, Republic of
10/04/2011 06:52 PM
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Re: Peter Schiff describes the next market collapse
I remember this fella said gold will go whopping $5000.oo. very credible indeed...
Anonymous Coward
User ID: 276706
United Kingdom
10/04/2011 07:07 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
Jujubees

User ID: 1525805
United States
10/04/2011 07:13 PM

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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706



Apparently someone didn't see the economy crashing at the first of 2010? It may not have totally bottomed out for you unless you were one of the 7 million who lost jobs last year?

[link to money.cnn.com]

It's all in the eye of the beholder, my friend!!! And those 7 million people would probably be the first to tell you "Everything collapsed around them!"

~ Juju
Don't get mad - Get a Pepsi!
Jujubees

User ID: 1525805
United States
10/04/2011 07:13 PM

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Re: Peter Schiff describes the next market collapse
Sorry... My post decided to have a mind of it's own and posted twice! LOL

Last Edited by *HAARP Lady* on 10/04/2011 07:13 PM
Don't get mad - Get a Pepsi!
Anonymous Coward
User ID: 2645378
Italy
10/04/2011 07:15 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706


+ 1.000

this guy is a total fraud
Anonymous Coward
User ID: 2184032
United States
10/04/2011 07:22 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706


+ 1.000

this guy is a total fraud
 Quoting: Anonymous Coward 2645378


Really?
The government pumped over 4 Trillion Dollars into the economy which he has no control over. WTF do you think would happen? Our government is the fraud. It's all phony
It's just a matter of time before it all catches up to us. You will probably still sit there in your little fantasy. The both of you are ignorant fucks hf
Anonymous Coward
User ID: 2665535
United States
10/04/2011 07:46 PM
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Re: Peter Schiff describes the next market collapse
been saying it forever stfu.
Anonymous Coward
User ID: 1277109
United States
10/04/2011 08:47 PM
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Re: Peter Schiff describes the next market collapse
I can't wait for interest rates to rise, I actually save and inflation is killing me!
BuRn

User ID: 1505703
Belgium
10/04/2011 08:53 PM
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Re: Peter Schiff describes the next market collapse
I can't wait for interest rates to rise, I actually save and inflation is killing me!
 Quoting: Anonymous Coward 1277109


ditto here. My only loan is for my house. Paying it monthly and putting money aside all along. Rising interests would be good for me : no more loosing money when trying to save something
Anonymous Coward
User ID: 1394135
United States
10/04/2011 08:54 PM
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Re: Peter Schiff describes the next market collapse
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....
 Quoting: Anonymous Coward 1917149


No, your wrong. Whether you pay everything off, you still owe on the debt for tens of thousands,(actually millions of dollars) so no way you will get a pass, they have to get rid of all,not just some, of the witnesses to the fraud, and until the last witness is dead, there will be no security for them, or you
Anonymous Coward
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United States
10/04/2011 09:06 PM
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Re: Peter Schiff describes the next market collapse
So I assume its best to buy a home now and get locked in at a low rate and fixed...
Anonymous Coward
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United States
10/04/2011 09:07 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706


True, but why spoil the fun?
Mr. Toppit

User ID: 1158998
United States
10/04/2011 09:08 PM

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Re: Peter Schiff describes the next market collapse
The US is operating on no budget without even a continuing resolution while continuing a losing war in Gannistan with a President who's a political clown.

Who needs to describe the (next) market collapse. LOL
Anonymous Coward
User ID: 671825
United States
10/04/2011 09:39 PM
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Re: Peter Schiff describes the next market collapse




 Quoting: Anonymous Coward 1331379


Thanks for posting both of these.

EVERYONE should listen to EVERY word this man says.
Anonymous Coward
User ID: 2518219
United States
10/04/2011 09:46 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706


+ 1.000

this guy is a total fraud
 Quoting: Anonymous Coward 2645378


You are a total fucking idiot.

Watch the Ops first video again. Shiff is spot on, on every single point he makes. You seem to think he is some kind of a soothsayer predicting the future. Nothing could be farther from the truth. The man is telling us (and you if you actually understand English) how things are *right now*.

Maybe you just don't want to believe him since if he is correct then you are wrong - way stupidly wrong.
Anonymous Coward
User ID: 2332663
United States
10/04/2011 09:52 PM
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Re: Peter Schiff describes the next market collapse
After 2008, he also said a real total collapse in 2009. It didn't
He also said total collapse first part of 2010.It didn't
He also said 2nd part of 2010. It didn't
Then he said 2011. It didn't and hasn't

Now he is saying after election.lol
 Quoting: Anonymous Coward 276706


+ 1.000

this guy is a total fraud
 Quoting: Anonymous Coward 2645378


And he has been touting shorting the USdollar; WRONG
He has been saying do not buy US Debt; WRONG.
His accounts lost 80% in 2009; HE HAS BEEN a FINANCIAL Disaster to those who listen.

He is a brokern record, sell US and BUY Foreign.
SELL US and buy GOLD. Broken record. If it makes you feel good to have shorted US debt and Shorted US dollar, good G@D.
Anonymous Coward
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United States
10/04/2011 10:05 PM
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Re: Peter Schiff describes the next market collapse






Anonymous Coward
User ID: 983978
Canada
10/04/2011 10:08 PM
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Re: Peter Schiff describes the next market collapse
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....
 Quoting: Anonymous Coward 1917149


Fuck 'em!

Bankruptcy rules!
Anonymous Coward
User ID: 983978
Canada
10/04/2011 10:10 PM
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Re: Peter Schiff describes the next market collapse
I can't wait for interest rates to rise, I actually save and inflation is killing me!
 Quoting: Anonymous Coward 1277109


Welcome to the new paradigm.

Those who predict doom have nothing. There is a lot of money saved that is waiting, waiting for higher interest rates. Guess what? It ain't happening.

Look at Japan.
Anonymous Coward
User ID: 983978
Canada
10/04/2011 10:12 PM
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Re: Peter Schiff describes the next market collapse
I can't wait for interest rates to rise, I actually save and inflation is killing me!
 Quoting: Anonymous Coward 1277109


ditto here. My only loan is for my house. Paying it monthly and putting money aside all along. Rising interests would be good for me : no more loosing money when trying to save something
 Quoting: BuRn


Think about the suckers who got locked into fixed mortgages paying more than they should. The variable rate folks have been making out like bandits SAVING thousands in interest payments to those "I_AM_AN_ILLITERATE_RACIST" bankers!

Nothing to see here. Move along.
Anonymous Coward
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Canada
10/04/2011 10:13 PM
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Re: Peter Schiff describes the next market collapse
"I_AM_AN_ILLITERATE_RACIST" bankers!
Wow. You can't even put it in quotes to make a point about ignorance.

When did censorship become the norm here?
Anonymous Coward
User ID: 671825
United States
10/04/2011 10:24 PM
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Re: Peter Schiff describes the next market collapse
I can't wait for interest rates to rise, I actually save and inflation is killing me!
 Quoting: Anonymous Coward 1277109


ditto here. My only loan is for my house. Paying it monthly and putting money aside all along. Rising interests would be good for me : no more loosing money when trying to save something
 Quoting: BuRn


Think about the suckers who got locked into fixed mortgages paying more than they should. The variable rate folks have been making out like bandits SAVING thousands in interest payments to those "I_AM_AN_ILLITERATE_RACIST" bankers!

Nothing to see here. Move along.
 Quoting: Anonymous Coward 983978


How do you remember to breath?

Wait until your libor/prime+ loan jumps to 20% overnight. Cause that's what's in store for you when the fed runs out of tricks(which will be very soon)

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