Peter Schiff on Fox Business News FBN | 2-2-2009
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{ 15 comments… read them below or add one }
The US has no gold reserves.
what if the US dumped its gold reserves? Wouldnt that destroy the price?
I don’t think he ever got into the wash too much in the 1st place. He always talks about diversifying investments into foreign stocks instead of U.S. stocks.
I’ve got an account with Schiff and I did get hammered this yr, but I agree with his end game scenario. I’ve been more into precious metals than stock.
Become a democrat you don’t have to pay taxes and you kill babies Mexico & Africa thru abortion Drone kill 18 Pakistan s or be a republican kill Iraqis Choice ? Fair & Balanced both Loot the sinking ship USA,, Change ?
I love to listen to Peter but I don’t trust him with our money. I think he could be right but I always wanted to see how he came out of the “wash”
LOL My friends a CPA and she told me that about 90% of her clients DON’T pay Federal Taxes and try to not pay ANY State taxes either. Is this a conspiracy or what? She said they tell her they refuse to pay for a corrupt governments crimes, etc. WOW! Maybe we should all stop paying taxes to send a message to Congress that THEY are the criminals! They want $900 Billion MORE of OUR money to pay for the economy THEY helped RUIN? Their OWN members DON’T Pay taxes why should we? Fuck the Government!
China is in the process of decoupling.
They are signing contracts with numerous countries to start trading(Europe, Asia and SouthAmerica, etc.)US is left in the dark.
Yes they will fall initially like all countries that fed the US credit consumption. The US is no longer needed by the world they are toxic to the economic world. It produces almost nothing and what they do produce is way overpriced(Arms, steel,oil etc.). Its over.
then you can say ALL companies should not have had their clients in the stock market. he warned against it.
Toby is a tool.
Good piece by Fox. Schiff missed the mark completely. I know. I lost a lot of money following his advice in 2008. I know others who lost even more. Schiff’ was completely wrong on forecasting europe’s decoupling from the dollar. Wallstreet Journal article was right on! Peter’s just back pedaling now. Also, his claim that client’s are not pulling out is hogwash. I pulled out and I know others who did.
Eternal pessimist or eternal realist?
i love schopenhauer but he was an eternal pessimist
peter schiff should not have had his clients in the stock market at all last year
Relying on the Fox News Channel as your only source of news is like using MAD Magazine as a legitimate source of news. The Fox News Channel’s reporting style is so biased and skewed that trying to obtain any real information from a news report is quite challenging. Fox News is a joke because it provides info-tainment rather than reality-based news coverage. Fox News Channel is a “news channel” in name only. The network is what L.A. Times Editor John S. Carroll calls “pseudojournalism.”