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Message Subject Peter Schiff nails it again! There is absolutely no way for the FED to drain all of this immense amount of newly created liquidity
Poster Handle Anonymous Coward
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What the hell is wrong with him? Check out his weird eyes wide open episodes.

Has he been messing around with some bad crank or something.

Or has he been targeted by the NWO crazy beam weapon.

In any case, he looks way out there.
 Quoting: Icee4you



It's probably just a nervous habit. I'm sure it has to be nerve-wracking to be continually criticized for speaking out against official government financial policy. But the fact is that Peter Schiff has been on target in his macro view analysis of the global economy if one does not nit pick about short term moves. The world wide deleveraging process has created a temporary artificial strengthening in the $USDX. But this will not continue,( and in fact the $US dollar dropped below an important support level this week).

So , just as he says, bond prices will fall as interest rates rise, the dollar will lose purchasing power as compared to gold,silver, crude oil, and other commodities.And the financial crisis will escalate in severity when the next wave of Alt-A and Adjustable Rate Mortgages begin to reset at dramatically higher monthly payment levels in the ensuing months, leading to another wave of defaults and foreclosures.
 
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