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Friday, May 22, 2009

The dollar is plunging Peter Schiff Vlog Report 22 May 2009

foreign creditors start dumping US dollar Bonds and Stock it is a rush out of America and into foreign commodities markets New Zealand Canada and Australia dollars are all up , gold is a good investment umbrella ...paper money is doomed to collapse Fiat currency will run into the ground

2 comments:

  1. Peter, Can gold stock be confiscated the way gold was in the 30's? Where's the best place to keep gold so that it isn't taken or 'bought' by government? My retirement small as it is will be able to be moved this November, and I want to protect it as I'll be needing it soon.
    Thanks,
    deb

    ReplyDelete
  2. AnonymousMay 23, 2009

    Schiff v. Stewart! I can't wait!
    Finally, Peter will be confronted by someone in the media who is still capable of critical thinking. Frankly, I can't see any other outcome of this debate, rather then Jon completely agreeing with Peter on all the points.
    I can't f@#%ing wait!!!

    ReplyDelete

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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.