The Federal Govt. employes 9 million people, If the govt. would shorten the workweek to a 30 hour work week, this will create 3 million new jobs. Yes, the govt. can create 3 million new jobs.
When your money is hyper-inflating, it effectively means your purchasing power is continuously decreasing, though your dollar amount remains the same.
When you convert it into a stable resource, like gold or silver, you retain your purchasing power where as if you kept your money in dollars it would be shrinking as time progresses.
Gold and silver is sort of like an insurance policy. You can be relatively sure that your gold/silver will have value, no matter how bad the dollar does.
You’re horrendously wrong. Do the math and compare how much the Iraq war costed compared to the combined cost of government programs and national debt.
The war was a bad thing, don’t get me wrong, it costed money, but it’s not even close to the cause of this depression.
The cause of this depression is government, federal reserve, and the whole ‘buying what you can’t afford’ mentality we’ve been plagued with.
We need to produce more and purchase less, we need to SAVE money.
Peter Schiff. This collapse of the world economy was caused by the US attacks on Iraq. Wars cause Depression. The real question is what must be done to save the lives of the people who are being destroyed by this collapse. The US must join forces with China, Cuba, Venezuela, Vietnam & Russia to build solar BERM houses worldwide & lower the work week to a 30 hour week & form a new socialist bloc. Save the world with solar housing. The world is out of oil.
notice how Russian TV doesnt insult us with the shouting and the commercials. If US TV improved like this, I would pay for it. But I dumped that expense.
recession won’t hurt the people who caused the problem it will wipe out the poor who never profited from the boom-also it is funny to have a libertarian interviewed on russia today
you don’t sell during hyper inflation you hold on to the gold and exchange it for a foreign currency which can buy you an airline ticket (if there are any) or a boat ride out of the united states. that’s what you do… If the dollar collapses i’m out of here. going down under
US make world economical crises. Only way to save countries Economy is to buy Euro and sell all the US Dollar reserve in Central Bank.
Chemical weapon(illegal White Phosphorus) make by US and used by Israel doing War crime and Genocide. This is how power talks and how US and Israel dominated the whole world economical crises and exercise Chemical weapon in Gaza like the new Hitler of world named US + Israel Govt. Only way to defend humanity is to weaken US and Israeli economy.
with gold and silver youre at least guaranteed to preserve youre purchasing power. the only way to make money is to sell at the height of a panic when prices are irrationally high. if you were a soon-to-be retiree with $500,000.00 or $1M for example, then that would be worth preserving. if you have $10,000.00, it’s probably not especially if there’s a more productive use for it. gold is not a money-making investment. look into other commodities or foreign stocks namely asian.
just so you know it’s martial law; not capitalized and different spelling. it’s the same as martial arts. it means having to do with war. its from mars the god of war in roman mythology.
I am certainly no expert but I don’t understand why we should buy gold/silver. If the the price of gold skyrockets due to hyperinflation, then I decide to sell high, why would it do me any good because if I cash out during hyperinflation I wouldn’t have any more purchasing power then than now. Does that make sense? That’s just how I see it. I bought silver but what good is it to sell during hyperinflation?
Sign up now and ask your question. You can also contribute your own articles. All questions, articles will go through approval process to prevent spam.
{ 17 comments… read them below or add one }
Man I wish I bought gold.
Go Peter Schiff!
If you have enough money to seriously invest in gold then you mightaswell buy 40 hectares of land in Ohio and start growing food instead.
The Federal Govt. employes 9 million people, If the govt. would shorten the workweek to a 30 hour work week, this will create 3 million new jobs. Yes, the govt. can create 3 million new jobs.
Peter Schiff says that himself around the 11:05-11:25 mark
I don’t think he was claiming to be the only one who predicted this downturn. My dad predicted this as well.
When your money is hyper-inflating, it effectively means your purchasing power is continuously decreasing, though your dollar amount remains the same.
When you convert it into a stable resource, like gold or silver, you retain your purchasing power where as if you kept your money in dollars it would be shrinking as time progresses.
Gold and silver is sort of like an insurance policy. You can be relatively sure that your gold/silver will have value, no matter how bad the dollar does.
You’re horrendously wrong. Do the math and compare how much the Iraq war costed compared to the combined cost of government programs and national debt.
The war was a bad thing, don’t get me wrong, it costed money, but it’s not even close to the cause of this depression.
The cause of this depression is government, federal reserve, and the whole ‘buying what you can’t afford’ mentality we’ve been plagued with.
We need to produce more and purchase less, we need to SAVE money.
oh please. there were other people who predicted this downturn. my friend who deals with loans expected this.
Peter Schiff. This collapse of the world economy was caused by the US attacks on Iraq. Wars cause Depression. The real question is what must be done to save the lives of the people who are being destroyed by this collapse. The US must join forces with China, Cuba, Venezuela, Vietnam & Russia to build solar BERM houses worldwide & lower the work week to a 30 hour week & form a new socialist bloc. Save the world with solar housing. The world is out of oil.
notice how Russian TV doesnt insult us with the shouting and the commercials. If US TV improved like this, I would pay for it. But I dumped that expense.
recession won’t hurt the people who caused the problem it will wipe out the poor who never profited from the boom-also it is funny to have a libertarian interviewed on russia today
“down under”,,,ha!
The Queen owns there too.
you don’t sell during hyper inflation you hold on to the gold and exchange it for a foreign currency which can buy you an airline ticket (if there are any) or a boat ride out of the united states. that’s what you do… If the dollar collapses i’m out of here. going down under
US make world economical crises. Only way to save countries Economy is to buy Euro and sell all the US Dollar reserve in Central Bank.
Chemical weapon(illegal White Phosphorus) make by US and used by Israel doing War crime and Genocide. This is how power talks and how US and Israel dominated the whole world economical crises and exercise Chemical weapon in Gaza like the new Hitler of world named US + Israel Govt. Only way to defend humanity is to weaken US and Israeli economy.
with gold and silver youre at least guaranteed to preserve youre purchasing power. the only way to make money is to sell at the height of a panic when prices are irrationally high. if you were a soon-to-be retiree with $500,000.00 or $1M for example, then that would be worth preserving. if you have $10,000.00, it’s probably not especially if there’s a more productive use for it. gold is not a money-making investment. look into other commodities or foreign stocks namely asian.
just so you know it’s martial law; not capitalized and different spelling. it’s the same as martial arts. it means having to do with war. its from mars the god of war in roman mythology.
I am certainly no expert but I don’t understand why we should buy gold/silver. If the the price of gold skyrockets due to hyperinflation, then I decide to sell high, why would it do me any good because if I cash out during hyperinflation I wouldn’t have any more purchasing power then than now. Does that make sense? That’s just how I see it. I bought silver but what good is it to sell during hyperinflation?