Peter Schiff
Peter Schiff
Peter David Schiffis an American stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts...
NationalityAmerican
ProfessionBusinessman
Date of Birth23 March 1963
CountryUnited States of America
accept although america disaster dump economic economists exchange fact foreign foreigners goods hope microcosm nation orleans paper policies production rather reckoning refuse reliance savings simply situation strategy widely
Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper dollars. However, rather than perusing policies to rebalance our economy, we simply do nothing, and hope that day of reckoning never arrives. However, just as that strategy backfired in New Orleans , so, too, will it for America as a whole.
accept although america disaster dump economic economists economy-and-economics exchange fact foreign foreigners goods hope microcosm nation orleans paper policies production rather reckoning refuse reliance savings simply situation strategy widely
Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper dollars. However, rather than perusing policies to rebalance our economy, we simply do nothing, and hope that day of reckoning never arrives. However, just as that strategy backfired in New Orleans, so, too, will it for America as a whole.
believe gold money price shows skeptical street waiting wall
That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
oil permanent similar
This is similar to the 1970s when there was a permanent readjustment in oil prices.
bargain gold people shocked snapped
One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.
buying gold money putting
Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.
dangerous man
He's a very dangerous man with some very dangerous ideas.
access change foreign offer slow typical
For the typical investor, brokerage firms are slow to react, slow to change and offer the access to these foreign markets.
money smaller stocks
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
came difficult foreign invest lose market people shirts stocks
Before I came along, it was very difficult for people to invest in foreign stocks and not lose their shirts to the market makers.
dump flawed rates sending study
The Fed's study is flawed as the comparisons are not relevant, ... When the world dumps dollars, they will also dump Treasuries, sending rates soaring.
ability borrow entire high living money resting standard
The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.
feel-good going-out cards
We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.
wall mutual-fund investment
Mutual funds are an overrated investment heavily promoted by Wall Street.