Sunday, August 29, 2010

Peter Schiff on MSNBC 25/8/10

Superb interview w/Peter Schiff discussing housing, debt, funny money, moral hazards, Congress, etc.

Bottom line: many dangers lie ahead with the likely end-game being a inflationary depression.


Documentare said...
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Jb said...

I think Schiff is right, except I'm not so sure about the "inflationary depression."

I've been reading FOFOA, TAE, ZeroHedge, ShadowStats and other sites trying to make up my mind on where this is headed. If I take the strategy of 'plan for the worst, hope for the best' then hyperinflation is what scares me the most. Thanks, Randy.

Real Deal said...

The situation is such that the numbers, the mathematics of those numbers, control the unfolding of key events. You can't stop what's going to happen - it's too late for that.

The people who have responsibilities know the math. What they are doing is to play their games around it. To fit their agenda. The free market has been suspended. The manipulated market saturates the airwaves. Virtual reality replacing reality.

This is how all bubbles deflate, how empires die.

Willy2 said...

Infaltionary depression ? Depression Yes ! But inflation ? No way !! what we'll get is HYPER-DEFLATION !!

Why ?? Watch the $TYX anmd the $USB !!!
Rising interest rates will be the death knell for the US economy !

Willy2 said...

And for the US government !