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Peter Schiff: We're Heading For A Crisis Worse Than 2007

 
Anonymous Coward
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03/12/2014 03:45 PM
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Peter Schiff: We're Heading For A Crisis Worse Than 2007
Washington is engaged in a massive "campaign" to make Americans believe the economy is in recovery. But in reality the United States is at the brink of a devastating economic crash that will cause catastrophic market losses and impoverish millions.

President Obama and like-minded politicians claim this stimulus has pushed the economy forward, boosting GDP and keeping inflation low.

But Schiff says "it's another lie."

In fact, according to Schiff, the government has done nothing more than create a "phony" economy that is "completely dependent on the ability to borrow more money that we can't pay back."

"The Fed knows that the U.S. economy is not recovering," Schiff said. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."
[link to signup.moneymorning.com]
Anonymous Coward (OP)
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03/12/2014 03:49 PM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
Peter Schiff, the best-selling author and CEO of Euro Pacific Capital.

[link to www.europac.net]

Peter David Schiff (/ˈʃɪf/; born March 23, 1963) is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist[3] of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.[4] [link to en.wikipedia.org]
Anonymous Coward (OP)
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03/12/2014 03:56 PM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
How many economists, investors, etc...have to say these things before the masses start to actually hear them?
Anonymous Coward
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03/12/2014 04:00 PM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
bump
Anonymous Coward (OP)
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03/13/2014 08:34 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
bump
 Quoting: Anonymous Coward 32088598


Thanks for the BUMP.
Revbo™

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03/13/2014 08:39 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
How many economists, investors, etc...have to say these things before the masses start to actually hear them?
 Quoting: Wash


The masses won't hear it until it happens, Wash. I won't launch into a whole diatribe about sheeple, normalcy bias, etc, but you know how it is.

Enter Zazz with the sleepwalker response now...
John 8:32

And ye shall know the truth, and the truth shall make you free.
Anonymous Coward (OP)
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
How many economists, investors, etc...have to say these things before the masses start to actually hear them?
 Quoting: Wash


The masses won't hear it until it happens, Wash. I won't launch into a whole diatribe about sheeple, normalcy bias, etc, but you know how it is.

Enter Zazz with the sleepwalker response now...
 Quoting: Revbo™


I do know how it is Revbo. When the time comes, I'll be more prepared than most as I'm sure you and many on this forum will be.

Still, it's so easy to see whats happening out there, it frustrates me to no end to hear people repeat what they here from the MSM about this "recovery" we're in.
They're all dumb, deaf and blind.
Anonymous Coward (OP)
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03/13/2014 08:46 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
Thanks for the PIN.
Anonymous Coward
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03/13/2014 08:48 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
Revbo™

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03/13/2014 08:52 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You could borrow less money, if you're one of those who has borrowed too much. You could try and wake a few folks up to do the same, but both of those things are just gonna help you feel like you're doing something and won't really help at this point. Mostly, though, prepare as best you can, because we're way too far down this path for anything to be done about it other than hyperinflation, default, or war, and probably all three.

Last Edited by Revbo™ on 03/13/2014 08:54 AM
John 8:32

And ye shall know the truth, and the truth shall make you free.
Anonymous Coward
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03/13/2014 08:53 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
No shit? For real? I mean I was in the dark with it all?

putin
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03/13/2014 08:55 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
this video is from Nov 2006 way before 2008 meltdown!



Schiff = Genius
Anonymous Coward
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03/13/2014 08:56 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
the masses will not hear shit until they discover they are creditors not depositors when their bank collapses .
Anonymous Coward
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03/13/2014 08:56 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You could borrow less money, if you're one of those who has borrowed too much. You could try and wake a few folks up to do the same, but both of those things are just gonna help you feel like you're doing something and won't really help at this point. Mostly, though, prepare as best you can, because we're way too far down this path for anything to be done about it other than hyperinflation, default, or war, and probably all three.
 Quoting: Revbo™


So, to sum it up, we're fucked in the end?
Anonymous Coward (OP)
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03/13/2014 08:58 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You know...that's a great question. The only thing you can do is make sure you know the truth, and try to tell it to others without sounding crazy. I choose to use the approach where I act as if I agree with the MSM or Govt, but then pose a question that points out what they are saying makes no sense. Its a way to open peoples eyes.

1 grain of sand at a time will eventually topple any structure.
Revbo™

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03/13/2014 08:58 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You could borrow less money, if you're one of those who has borrowed too much. You could try and wake a few folks up to do the same, but both of those things are just gonna help you feel like you're doing something and won't really help at this point. Mostly, though, prepare as best you can, because we're way too far down this path for anything to be done about it other than hyperinflation, default, or war, and probably all three.
 Quoting: Revbo™


So, to sum it up, we're fucked in the end?
 Quoting: Anonymous Coward 22755116


Yep. Happens to all great empires sooner or later. We're just the unlucky ones to be born too close to the end of the big Ponzi scheme.
John 8:32

And ye shall know the truth, and the truth shall make you free.
Anonymous Coward (OP)
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03/13/2014 09:01 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You could borrow less money, if you're one of those who has borrowed too much. You could try and wake a few folks up to do the same, but both of those things are just gonna help you feel like you're doing something and won't really help at this point. Mostly, though, prepare as best you can, because we're way too far down this path for anything to be done about it other than hyperinflation, default, or war, and probably all three.
 Quoting: Revbo™


So, to sum it up, we're fucked in the end?
 Quoting: Anonymous Coward 22755116


Yep. Happens to all great empires sooner or later. We're just the unlucky ones to be born too close to the end of the big Ponzi scheme.
 Quoting: Revbo™


ohyeah
Anonymous Coward
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03/13/2014 09:04 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
this video is from Nov 2006 way before 2008 meltdown!



Schiff = Genius
 Quoting: Anonymous Coward 37377209


Lol, more like Schiff = Comes from a murderous illuminati banking family.

Careful who you put on a pedestal!!

A WOLF IN SHEEPS CLOTHING, ready to fleece the masses like his great grand pappy.
Anonymous Coward
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03/13/2014 09:09 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
this video is from Nov 2006 way before 2008 meltdown!



Schiff = Genius
 Quoting: Anonymous Coward 37377209


Lol, more like Schiff = Comes from a murderous illuminati banking family.

Careful who you put on a pedestal!!

A WOLF IN SHEEPS CLOTHING, ready to fleece the masses like his great grand pappy.
 Quoting: Anonymous Coward 22449433


Yeah, real wolf there warning everyone whats coming way before it does.
Anonymous Coward
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03/13/2014 09:26 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


On the grand scale of things a global reset or world war are the two fixes. You can see which way they are leaning.

As an individual, develop skill sets that you think would be valuable in a "new economy."
Limpan

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03/13/2014 09:27 AM

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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
We all know it!!
The only thing is the time frame???



bump
Anonymous Coward
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03/13/2014 09:28 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
bsflagHe Sings A One Note Song, Sometimes It's The Right Note, That Doesn't Make Him A Genius.
Anonymous Coward
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03/13/2014 09:29 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
Are we going to fall off the Financial sCHLIFF?
Anonymous Coward
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03/13/2014 09:29 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I like Peter. He is right. Except people are tired of hearing it, because the PTB have done a remarkable job of keeping this shit barge afloat....
Anonymous Coward
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03/13/2014 09:36 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
bsflagHe Sings A One Note Song, Sometimes It's The Right Note, That Doesn't Make Him A Genius.
 Quoting: Anonymous Coward 24355217


antibs

obviously he knows a hell of a lot more than you ...
Anonymous Coward
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03/13/2014 09:40 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
this the reason america is trying its hardest to bring about ww3

everyone knows

such a shame
imjustsayin

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03/13/2014 09:44 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
this the reason america is trying its hardest to bring about ww3

everyone knows

such a shame
 Quoting: Anonymous Coward 47466800


Americans aren't doing this...our government with the assistance of other nations(governments) are doing this. Bankers aren't dropping like flies for no reason at all.
Love & Light...
Black Unit

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03/13/2014 09:45 AM

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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
No offense to you, Wash, but these guys seriously need to either give a specific date or shut the fuck up.

I'm tired of Schiff, celente and all the other economic doom guys repeating the same shit they have been since 2010. I realize these were the same guys that predicted 2008, but the game has changed. Everything is being propped up and it's all artificial, from the digital money they keep pumping into the markets, to the reports they keep manipulating to look good. I realize it can't last forever, but I think they can keep it afloat indefinitely if they control the money, and they do.
Anonymous Coward
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03/13/2014 09:47 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
The economy is powered by taking more power than is given.

the same as chopping down trees faster than they regrow to sustain a fantasy.

You have two options.

Stop chopping down trees before they run out and collapse from fantasy into reality now.

or to avoid that negative fate

Continue chopping down trees until they run out and be forced to collapse from fantasy into reality.

Choose to collapse to oblivion now or be forced to later.

You all are committing suicide fighting to the death to remain asleep (ignorant of Truth) to continue to enjoy the daydream (cherished delusion)you are awake (knowledgeable of Truth).

when the maximum potential is reached...the population will be forced to wake up from the daydream into the nightmare and the population will scream for an end to the chaos...the system will then begin killing you all back to sleep until the system breaks down...then you all will die in mass number due to exposure to reality.

Peter Schiff...he does not care about any of you...He is all set up so that when the collapse happens...he is going to sell you all to oblivion...then dress up as a woman and hop on a lifeboat.

It is monumentally sad how ignorant all you sheep that believe you are not sheep are.

The Internet will shut down...the age of illumination will end...and the dark age will begin.
Anonymous Coward
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03/13/2014 09:47 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
I hear and see this all the time but what I don't hear is how to fix the problem or what us "sheeple" can do about it. I'm an average no one with no power, money, or pull...so I ask, what can I do? I'm more than willing to help out.
 Quoting: Anonymous Coward 22755116


You could borrow less money, if you're one of those who has borrowed too much. You could try and wake a few folks up to do the same, but both of those things are just gonna help you feel like you're doing something and won't really help at this point. Mostly, though, prepare as best you can, because we're way too far down this path for anything to be done about it other than hyperinflation, default, or war, and probably all three.
 Quoting: Revbo™


So, to sum it up, we're fucked in the end?
 Quoting: Anonymous Coward 22755116


Yep. Happens to all great empires sooner or later. We're just the unlucky ones to be born too close to the end of the big Ponzi scheme.
 Quoting: Revbo™


I am sure there were a bunch of roman soldiers standing around as the vandals approached. Saying this is just a bit of a rough patch , the empire will survive it.

Or any empire collapse really same shit different time periods
Anonymous Coward
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03/13/2014 09:52 AM
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Re: Peter Schiff: We're Heading For A Crisis Worse Than 2007
The economy is powered by taking more power than is given.

the same as chopping down trees faster than they regrow to sustain a fantasy.

You have two options.

Stop chopping down trees before they run out and collapse from fantasy into reality now.

or to avoid that negative fate

Continue chopping down trees until they run out and be forced to collapse from fantasy into reality.

Choose to collapse to oblivion now or be forced to later.

You all are committing suicide fighting to the death to remain asleep (ignorant of Truth) to continue to enjoy the daydream (cherished delusion)you are awake (knowledgeable of Truth).

when the maximum potential is reached...the population will be forced to wake up from the daydream into the nightmare and the population will scream for an end to the chaos...the system will then begin killing you all back to sleep until the system breaks down...then you all will die in mass number due to exposure to reality.

Peter Schiff...he does not care about any of you...He is all set up so that when the collapse happens...he is going to sell you all to oblivion...then dress up as a woman and hop on a lifeboat.

It is monumentally sad how ignorant all you sheep that believe you are not sheep are.

The Internet will shut down...the age of illumination will end...and the dark age will begin.
 Quoting: Anonymous Coward 54988415







GLP