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Peter Schiff: USA Is Currently In An Economic Depression

storm888storm888 Posts: 11,701 ✭✭✭
in Precious Metals
.

"US will continue to print money."

"There will be no debt resolution."

"Stimulation must stop, but it will not."

"Bailed-Out banks will fail."

"Gold is cheap."




.
Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.

Comments

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    That's what I think, too.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    He has correctly been saying this since 2006. Those that listened to him profited. Those that didn't....didn't.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    Oh...Oh god...Ooo Oh God...Oh...Oh...Oh...Oh God...Oh yeah right there
    Oh! Oh...Yes Yes Yes Yes Yes Yes...Oh...Oh...Yes Yes Yes....Oh...Yes Yes Yes
    Yes Yes Yes...Oh...Oh... Oh... Oh God Oh... Oh

    unlike Sally, Peter's not deceiving it.
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>That's what I think, too. >>



    Yup, depressions are usually inflationary.imageimage
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    Well ya, Awile back when they annouced the recession was over,
    they forgot to say the depression has started.

    Steve
    Promote the Hobby
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Yes. Out of stocks completely in my 401K. I would dissolve it but don't want to pay the penalties yet. I feel more comfortable where I am. I think the this decade will be like the last decade with no gain whatsoever in the DOW. Buying individual stocks not included though.
    Montana State Quarter Die Clash

    Box of 20
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    << That's what I think, too. >>


    Yup, depressions are usually inflationary. imageimage


    A blast from the past, lest we forget - Bernanke's "helicopter drop" speech...image

    You callin' Ben a liar? Huh? Are ya?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭


    << <i>That's what I think, too. >>



    and i as well. one to many fires after another fire.
  • FistFullOfDollarsFistFullOfDollars Posts: 359 ✭✭✭

    lalalala la la lala lalalalala




    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Well ya, Awile back when they annouced the recession was over,
    they forgot to say the depression has started.

    Steve >>



    What's after the depression, the break up of the USA?
    "Poets are the unacknowledged legislators of the world." PBShelley
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    obviously, TSHTF and TEOTWAWKI!

    What's after the depression, the break up of the USA?

    that's small time thinking! What's next is the planet earth is consumed in a fiery inferno as the sun turns into a red giant, expanding in size to the oribit of Jupiter.

    All that will be left when the sun recedes again will be earth's golden core, scoured clean and laid naked by the incredible heat of the solar wind

    stay thirsty my friends

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    All that will be left when the sun recedes again will be earth's golden core, scoured clean and laid naked by the incredible heat of the solar wind

    ................leaving scattered surface gold deposits behind as the solar winds subside...........pretty much debunking the asteroid gold deposit theory.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Man, I'm lovin' it in Baleyville...solar wind over a golden core. Hummmmmmmm...who's going to be getting those Darwin Awards?
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>obviously, TSHTF and TEOTWAWKI!

    What's after the depression, the break up of the USA?

    that's small time thinking! What's next is the planet earth is consumed in a fiery inferno as the sun turns into a red giant, expanding in size to the oribit of Jupiter.

    All that will be left when the sun recedes again will be earth's golden core, scoured clean and laid naked by the incredible heat of the solar wind

    stay thirsty my friends >>



    You owe me a quarter as that last line is mine and it is trademarked. Well, since we are in deflationary times just send me $.23 and call it evenimage


    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Mort Zukerman's take
    Avid collector of GSA's.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Mort Zukerman's take >>



    "No bread lines but 45 million are on food stamps."
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