On the Heels of this Rally:Words of Wisdom From Peter Schiff
DriftingByTheStorm
Posts: 8,684
This was from the other day, but i just remembered to post it.
Peter Schiff on CNBC ... at times speaking prophetic wisdom, and at times smacking it right in to Steve Liesman (Mr. Clueless).
Even Bill Seidman agrees wholeheartedly with Schiff.
FYI, Seidman is a former economic advisor to both Ford and Reagan,
former FDIC chairman through the 80's in to the 90's, and headed the Resolution Trust Corporation (RTC) -- which was the 80's equivilant of all of this bailout nonsense. RTC was how the government worked to schlep off all the bad loans from the S&L crisis on to the tax payer. He is also currently the CHIEF financial commentator for CNBC. The guy KNOWS his shit.
If even Seidman is agreeing with Schiff, look out!
:(
Peter Schiff on CNBC ... at times speaking prophetic wisdom, and at times smacking it right in to Steve Liesman (Mr. Clueless).
Even Bill Seidman agrees wholeheartedly with Schiff.
FYI, Seidman is a former economic advisor to both Ford and Reagan,
former FDIC chairman through the 80's in to the 90's, and headed the Resolution Trust Corporation (RTC) -- which was the 80's equivilant of all of this bailout nonsense. RTC was how the government worked to schlep off all the bad loans from the S&L crisis on to the tax payer. He is also currently the CHIEF financial commentator for CNBC. The guy KNOWS his shit.
If even Seidman is agreeing with Schiff, look out!
:(
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
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Comments
People you need to listen up to folks like this,
Kiyosaki is no dummy, and he has been teaching sensible money management for almost 20 years now.
I remember reading the Rich Dad books many years ago, and it is straightforward no nonsense wealth building strategies.
Thanks Roland for sending me this in an email.
If I opened it now would you not understand?
Saw this a while back, when silver was about $9 bucks and ounce, and today it's about $13.50. I think with so many people hoarding gold, and silver actually having some industrial use, silver has real potential to be worth a lot of dollars in a real price-hyperinflation scenario.
If nothing else, it sounds like a pretty good insurance policy to store your dollars in silver (or at least a lot of them in silver)-- even if it's just a couple of thousand.
Wait... this doesn't matter though right? We are all being enslaved very soon aren't we? I mean I saw the Obama Deception and it told me we are all going to taken over by a New World Order. Right? Wait, you don't fully believe the crap you peddle around here? Huh, interesting...
Do you really not understand some VERY basic and simple issues like:
- loss of national sovereignty
- currency crisis \ dollar collapse
- unsustainable debt ratio
- globalized undemocratic regulation
- inflation
- demand destruction
- wealth destruction
etc etc etc ... ?
all those things are very possible and very real scenarios.
in case you aren't paying attention both china and russia are clamoring about a new global "super reserve" currency to replace the dollar. Our latest treasury auction wasn't so great. The dollar took a nose dive today. and on the domestic police state side of things you have private policy groups advising state law enforcement (including a posting of this report on the State government website) indicating that people whos support Ron Paul, Bob Barr and Chuck Baldwin, who have "Don't Tread On Me", upside down flag, and other "patriot" stickers on their car, or are carying a constitution, or talk about the "new world order" in a "negative" fashion ARE LIKELY VIOLENT MILITIA MEN.
And in case you don't get exactly how un-American that is, you are just hopeless.
Its in the fucking 2nd amendment. We have a RIGHT to form militias. NOT TO BE ACCUSED AS TERRORISTS FOR SUPPORTING THE CONSTITUTION.
If you don't think those things are real, and are not VERY MUCH at the root of what is going on right now, then you are right, i must be crazy.
If I opened it now would you not understand?
I love how the one girl rolls her eyes and says "at the perfect moment" when the old guy is talking about Bernanke doing his thing.