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Peter Schiff Says Buy Commodities And Foreign Currencies

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Peter Schiff speaks to Bloomberg on depreciating Federal Reserve Notes Dollars.

Channel: People & Blogs
Uploaded: December 31, 1969 at 6:59 pm
Author: ArchaicRevivalx2012

Length: 04:00
Rating: 5.00
Views: 12126

Tags: Collapse  Dollar  Hyper  Inflation  

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Video Comments

sgwarrenb (December 31, 1969 at 6:59 pm)
keep cash!
frontier1701 (December 31, 1969 at 6:59 pm)
Buy Viagra.... sell for big profits later
kba36 (December 31, 1969 at 6:59 pm)
Mr Schiff is inaccurate - bullish in Foreign markets? as one can see the contagion spilled into every market there is. and as for the comex they wouldn't even have enough supply for the paper they've written...it would crash and burn too!
OrbitalSP2 (December 31, 1969 at 6:59 pm)
Wrong. As the dolar devaluates other currencies are getting stronger and I think that if the FED doesn´t stop printing dolar like hell the world will go for another standart, like euro soon.
summersretreat (December 31, 1969 at 6:59 pm)
Haha too funny!!
disciple90633 (December 31, 1969 at 6:59 pm)
Mr. Schiff is still right, it's just that he doesn't realize that governments manipulate and hold down the price of gold and silver. high gold prices mean a lack of confidence in the currency and makes politicians look bad. So when you buy gold you are actually going against the government and they will try and break you. Gold should be $2,000 right NOW, but our corrupt government is shorting it like mad on the COMEX. Sucks to be us I guess, but Schiff's premises are all right. Peace.
PeteThePrinceFTW (December 31, 1969 at 6:59 pm)
The market isn't an indicator of the strength of the currency. Just how the market was doing great a year guy the dollar was starting to plummet.
rupertmja1 (December 31, 1969 at 6:59 pm)
Your comments need to bear in mind he said this BACK IN APRIL!!!
monkeyman1140 (December 31, 1969 at 6:59 pm)
Schiff is incorrect in one respect. There is no way to profit from this collapse. All currencies will take a huge hit.
fergus247 (December 31, 1969 at 6:59 pm)
dont buy Yen. If the US dollar collapses, it will have a big impact on japanese exports (Consumer Products) And then Yen till decline.

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