The Schiff video is spot on. He was absolutely right in his analysis and prediction. No one can say what is going to happen tomorrow but a smart guy with good analytical ability can tell you what the trend is. The way you get ahead is positioning yourself to take advantage of the trend.

People are whining that they don't like what he has to say because they don't want to face the truth. The path the fed and the government are on is unsustainable. That which cannot go on forever eventually comes to and end. Money printing will come to an end here as it did in Argentina and Zimbabwe. Exactly when that will happen nobody knows. How it will play out over time is fairly well understood.

The feds will come after your savings, just like they did in Argentina. MyRA is a step in that direction. They did so well with your Social Security taxes that they now want your IRA $. They won't get enough of it that way, so taxes on retirement funds over a certain amount , or else a forced investment in Treasuries, is very likely. Loss of purchasing power of the dollar is a certainty. A decline in the stock market is a certainty as QE unwinds. Just like the housing bubble popped, for the reasons Peter explained, the stock bubble will pop. Will it be next week? I don't know, but it will happen unless QE continues.

Gold and silver will maintain value, i.e. go up in dollar terms, as the feds lose control of Comex prices. As the labor participation rate continues to fall housing prices will continue to deflate. Consumables will rise in cost as more and more have to be imported. Oil, food, energy costs are going up. Wages will stagnate for most. Arable land values will stay steady or rise.

These are the trends, and they will continue into the future.