* China would never admit to being worried about currencies.
* US eager to bailout Greece b/c it is eager to reassure sovereign debt holders.
* US much worse off compared to EU as a whole.
* This is an ongoing depression which is currently interrupted by deficit spending (making things worse).
* Next crisis will be a flight FROM the dollar. Current anti-euro sentiment will be reversed. Carnage in bond markets.
Tag Archives: HyperInflation
My fellow Americans, it is now illegal for us to do business with Foreign brokers.
Jump to 5:10 for the foreign brokerage issue.
Documentary – Meltup
Ron Paul on CNBC
Peter Schiff – Sovereign Bailouts and Moral Hazard
Gerald Celente on the coming crash of 2010
Peter Schiff similarities between Greece & U.S.
I would add one point to his analysis: The rioters in Greece are public sector workers — those who over generations have been taught to rely on government. The free market participants (businesses) will suffer the austerity package’s tax increases, but not its restrictions on government salaries.
Andrew Maguire exposes systemic fraud by CFTC & JPMorgan, Media Blackout
The longer Andrew Maguire interview they reference is here.
Also,
CFTC whistleblower injured in London hit-and-run
A London trader walks the CFTC through a silver manipulation in advance
Peter Schiff demolishes Paul Krugman
European vs U.S. debt crisis
Peter Schiff: “For every $1 the government collects in taxes, the government spends $1.60”
Epic Analysis & Predictions
I envision us looking back at this statement with great sadness. Let it not be said that no one tried to prevent what is about about to happen.
I’m glad I was able to find a transcript of Congressman Ron Paul’s statement. Youtube videos sometimes vanish. I’m storing the transcript here.
Another home run by Peter Schiff – The Housing Bubble and Bernanke’s Cluelessness
What he describes is a specific occurrence of the Austrian Business Cycle Theory — artificially low interest rates causing unsustainable booms.
Dollar, inflation, interest rates, Obama
Peter Schiff’s economic analysis continues to be spectacular:
Here’s the Jim Roger’s statement Peter Schiff alludes to:
Europe Also Inflating — beware the red herring
Hey guys. Pay attention to this. The talking heads on Television will probably try to spin stories like this one to disguise the demise of the dollar. Europe’s inflationary policies do not help us, but they serve as a red herring for the propagandists.
The euro tumbled as debt woes spread around the euro zone from Greece, where pledges of austerity and fiscal rigor failed to stem growing fears that the Continent’s economic recovery could be derailed.
The euro fell as low as $1.4505 on Tuesday, its lowest level since early October. New worries about Austrian banking also roiled markets, with rumors of trouble at an Austrian lender with shaky investments in Eastern Europe following Monday’s surprise nationalization of another Austrian bank at the behest of the European Central Bank.
(Read more from online.wsj.com)
Patrick Barron’s comments:
The Fed and the ECB are trying the old “beggar thy neighbor” policy, whereby each tries to cheapen its own currency in order to spur exports to its neighbor. Great plan. Now both currencies can crash together. Misery loves company, I guess.