Real Estate
2/25/2009 Part 2/2 Peter Schiff On Kudlow & Co: Market Matters
December 25, 2009 by admin · 25 Comments
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i agree
Peter is not a pessimist, he is a realist. And he is right as always. The strength of the dollar is temporary.
Good thought in Art Laffer hate, but we all know where gold is going. Art just needs to save his ass.
Being in Europe, it was explained to me that the reason why the Eurozn won’t fail is because there are too many sunk costs (i.e. the conversion of law and adjudication) for the Western European nations not to bail out the Eastern ones, even if they say otherwise at the moment. In Hungary, where I currently reside, thanks to loans by the Euro Central Bank and IMF, they can pay off their loans for at least 4 years before much trouble arises. That is, unless the currency halves in value (possible).
Iceland, Belgium and now Latvia have gone under. Expect many Eastern European banks to fail. If that happens Austria will go under with them. Basically this whole Europe Union experiment has failed misreably. Germany will bow out of the EU sometime next year, methinks.
Europe is in the same position as the USA. Ireland, Italy, Spain, Portugal and Greece are on the brink. The Eastern European countries are bankrupted and will drag down banks in Sweden and Austria because they owe so much.
What do I know about the Euro? I know that I’ve made a TON of money shorting it this year and last year.
he usually does but they are all foreign stocks. I don’t think he owns any US stocks.
haha what do you know about the Euro
Peter Schiff is so fucking stupid and can’t admit how wrong he has been. Europe is totally screwed. Yes the US fundamentals are horrible, but the Eurozone will be dead because of their expansion and investment in failing economies in Eastern Europe. The Euro will be worth .80 to the dollar by end of the year.
Search it!
Laffers just realized Schiff is right and is tooting that horn now. He was embarrassed enough and he’s tired of it.
If Art Laffer things gold is a buy, it’s gonna plunge.
Well!..He never said he was perfect human being…At least he gives others option rather then nothing….I spoke this comment with a smile….
Again, it doesn’t matter what Peter try to come across, these individual just don’t care to listen. They don’t care about anyone else, if it does not benifit themselves. At the end will prove it self out. Peter thank’s for caring!..Keep on fighting Peter…You are doing a great job.
Call him up on his radio show and ask him why
Schiff never seems to throw a stock out there.
God I love PETER SCHIFF! I just always go to financialtruth0.blogspot . com because they post all the latest videos there of RON PAUL, PETER SCHIFF, JIM ROGERS and MARC FABER! Thanks for uploading anyway!
If the Politicians belive so much in their “stimulus” plan, they should do what Schif said and, “BUY THOSE MORTAGE BACKED SECURITES WITH THEIR MONEY, NOT OURS”
haha – i love the fact that all those so-called big shots who formerly mocked schiff as a doom sayer and nobody, now shut up and listen when he speaks. Word gets around…Go Schiffmeister!
I dunno if it showed up when you were watching this clip 11 hours ago, but now it’s showing up in the video responses field right above the comments.
thanks phil.
“Steve buy them with your money, not mine” -Schiff
Nice. Nice.
thanks for always updating and providing excellent vids.
thanks!
cnbs. always plays music and gets your mind off topic!
One thing I don’t agree with Peter is investing in Europe. You might as well get the most bang for your buck and play with anything relating to commodities, while still staying away from the U.S. and Europe. As Jim Rogers has said, “The 21st century will be the century of Asia.” Asia commodity stocks with good balance sheets or the commodities themselves are great. But the one commodity that a lot of people underestimate is silver. Silver could be the king in this bull market. That and water.