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.
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.
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.
continue losing rapid value
Currencies are losing value and will continue to do so at a rapid pace.
bull markets nervous people question
There's no question it will keep rising. The bull markets keep the nervous people out of the market.
advice avoid lose wealth
You are going to lose wealth in U.S. stocks. My advice is to avoid them if at all possible.
main
Wall Street is in trouble because Main Street is broke.
agenda government reason wants
The left-wing agenda wants us to think that the reason there was a depression was because the government didn't do anything. That's not true.
dollar loses power purchasing relative somebody
When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.
bail companies cost hundred millions prop taught wall wrongs
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
brought federal issues side state
We think all the issues brought up on the federal side has already come up in the state side.
assets confidence financial likely loss occur
What will most likely occur is a long overdue loss of confidence in financial assets in general, particularly those denominated in U.S. dollars.
belief bought company price upset
I would be upset if I bought a company (stock) on the belief that it was a play on the price of copper.