PETER SCHIFF EXPOSED

He's a gold shill. He's on the payroll for one or more gold companies just advertising for them. Trying to drive up demand to keep their product from deflating so much.

anyone with a fic_in clue is angry,Pull your head outa yer ass

Alex Jones has been running the same scame for years with Midas. "Buy gold because the dollar will hyperinflate."
It's total bull if the dollar is going to hyperinflate why the heck is he taking dollars for gold.

I wonder what is Alex Jones' cut on each ounce of gold sold.

Ive been stressed for months about the dollar collapsing, now its not because everyone else is printing like mad too? I dont get it.

Every other currency is collapsing faster.

Exactly right

Dudes,
Peter Schiff is giving the right advice. There is real threat of hyperinflation. Even President Putin admitted to that. China is aware of that too. Jim Rogers also agreed that with the govt printing money like no tomorrow, the dollar will drop and hyperinflation the result.

The US government keep trying to tell people there will be no hyperinflation, when in fact the govt has been manipulating inflation figures for years! Ask your bank account and wallet if you had felt the pinch of high inflation in the past few years.

People focus way too much attention on Schiff's gold predictions. It's not his gold investment advice, but his other investment advice that lost people so much money in 2008.

Lots of people trying to descredit Peter Schiff lately, geee... I wonder why.........

Shedlock is an ignorant asshole, just like his Zionist wrecker heroes, Greenspan and "Bernake".

Precious metals will be the only refuge in the coming financial meltdown.

Already debunked. Old news.

[link to marketoracle.co.uk]
[link to www.neithercorp.us]

Misleading title. The clip sounded like classic Schiff to me, whether he is being over the top, only time will tell. I am with him, on his predictions on the US dollar.

There is much truth in what he has said, and is saying. The current financial / economic model is dead. The question is, what will replace it?

The banking system is seriously broken. Those who have money savings and pensions, are going to see them eroded to nothing. It will probably happen over a few years, hopefully people will be wise enough not to start WWIII. Though with the civil unrest around the world, the seeds are taking root.

Protectionism, and the rebuilding of (home) industries and home market places is the only way out.

Gordon Brown can talk up his paymasters "Global World Order" all he likes. He is likely to go the way of Mussolini if he is not very careful. Anarchy is on the rise.

Peter Schiff's rebuttal:


[link to www.marketskeptics.com]

you obviously don,t know much. all of the major gold producers of the world are not interested in higher prices because they forward sell all their production and want stabalized and sometimes decreasing prices.

peter schiff is a national treasure. period. a truth teller when there was,nt any [exception of course to ron paul and half of the commentary writers at kitco.com]

gold is at $929 an ounce, rising almost every day. silently nearing all-time highs.

A Response to My Critics
by Peter Schiff, Euro Pacific Capital | January 29, 2009
Print
My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor performance of my long-term investment strategy. The post is causing quite a stir and compels me to provide some badly needed context.

To achieve his ends, this individual has distorted much of what I have been saying and writing, and has twisted the facts to support his own preconceived conclusion. In essence, his piece is nothing more than an overt advertisement (and a highly deceptive one at that) to use my popularity to advance his career. In so doing he has given my critics, particularly some who have been embarrassed by their roles in the "Peter Schiff was Right" video, their moments of retribution. In addition, some members of the press who have never been among my greatest fans are seizing the opportunity to discredit me as well.

The crux of the blogger's arguments are that my beliefs in "decoupling, hyperinflation, and that the dollar is going to zero" have been completely discredited by the events of 2008, and that the resulting investment losses suffered by my clients last year confirms the fatal flaws in my approach.

In addition to mischaracterizing many of my beliefs, he also is confusing short-term market fluctuations with long-term economic trends.

First of all, the hyper inflation issue is a straw man at best. While I often talk about the possibility of hyper inflation, I have always said that it would be a worse-case scenario that would play out over many years. The fact that it did not appear in the first year of the economic crash (2008) does not invalidate my position. I have always maintained that this worst-case scenario will likely be avoided by what will ultimately be a dramatic shift in policy once our leaders come to their senses. However, until then the dollar will likely lose a substantial portion of its value.

Second, I never said that the dollar would go to zero, either in 2008 or any year thereafter. I have said that in the event of hyper inflation the dollar's value would approach zero. My actual forecast in my book "Crash Proof" was that the Dollar Index would fall to 40 (currently about 85), with a realistic worst case scenario, assuming very high but not hyper inflation, of 20 or lower.
Third, the blogger points out that because the decoupling theory (foreign economies improving while the U.S. falters) that I wrote about in "Crash Proof" has yet to occur, that the theory itself was ridiculous. In my book I wrote that this process would not occur overnight, that initially our creditors would come to our aid, and in so doing our problems would become manifest abroad. I wrote that it would take time for the world to realize that what had been decoupled from the economic train was not the engine but the caboose. In fact, that is precisely the way it is playing out.

Chapter Ten of "Crash Proof" is specifically focused on the need to keep funds liquid to take advantage of the buying opportunity that would initially develop once our stock market began its collapse. I specifically mentioned that when U.S. stocks began to fall, we could expect sympathetic declines overseas. While I did not know the precise timing of those events, I advised readers to prepare.

I did not expect the huge dollar rally of 2008. But to discredit my long-term view of the dollar based on an eight month move is absurd. So while I believed that a weak dollar would cushion the temporary decline I expected in foreign stocks, a strong dollar ended up exacerbating it. In the meantime, I believed that the high dividends these stocks were paying would make it easier to ride out any correction. The problem was that the dollar fell so far leading up to the crisis (in 2005-2007) that by the time the crisis finally erupted the dollar was poised for a bounce.

Central to the argument that my investment thesis is wrong is the belief that the crisis is over or that the recent trends will continue until it is. But the crisis is just beginning and the movements thus far in the dollar, commodities, and foreign stocks, are mere head fakes. Once the speculators have been flushed from the markets, the underlying long-term trends I have been following should return in earnest....

See the rest at:
[link to financialsense.com]

Read the above again.

I don't know what to think about Schiff. When I listen to him, I want to believe he's a good guy giving good info. But then, you have to realize that he's on the MSM. People don't just slip under the radar (constantly), and happen to get a segment on the main stream media. He's being put there for a reason. We all know the MSM is owned and operated by TPTB. If he was saying things that they don't like, he would have never been a guest on any other show. Yet, he's everywhere. Doesn't this make it obvious that he's not what he seems?

Schiff does not seem to understand that other countries are going to debase their currency faster then the U.S. Making the USD and U.S. Treasuries a safe haven investment.

Schiff for years has said U.S. Treasuries are the worst investments. The last 5 years Treasuries are the best investments. The 5 year TIPS I bought last year are up 37%.

He has a ton of investments that are down over 90%. It could take you decades just to get back to even.

Hold and hope does not work. That is what he does. Hold and hope it comes back.

Peter's doom is right in the long run (1-2 years).
In the others words : His Timeline is different !!

His advise brought a larger return over time than most all others during the past 10 years. There was a larger drop in China followed by a larger rally. The drop looks bad in 2008, but if you look more recently, or over his longer track record of the purchases he suggested, you'll see he is pretty accurate. It is a matter of time before a burst of inflation, the government can juggle better than most households. When China pulls its money out it will be a slow process because it can hurt them if done quickly. If you aren't doing all of what he recommends, you would probably do wise to at least put part of your risk inline with his suggestions.

A currency crash can be quick and of course surprising - the timing of every crash is really a surprise, even to Peter Schiff. Right now our market graphs are very similar to those in the first "Great" Depression, there was a bounce for a period of time before the rest of it. You haven't done poorly to hold some gold when you consider gold as a form of currency.

because he lost money he's a fraud?

you have no clue

NZD/USD has skyrocketed 20% against the dollar.
don`t talk if you don`t know

Gold is $960 and will head North from there.

Read the Healthcare Bill for fun: [link to www.pnhp.org]