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Peter Schiff explains the rally in gold and silver
Posted on 04 September 2009 with no comments from readersAlmost convincing! But can the US dollar fall in value alongside a crashing US stock market? It seems unlikely as a sell off in equities means an increased demand for cash, and therefore a higher dollar – for at least as long as the sell off continues. That I think is a flaw in Peter Schiff’s case. This is rather like his getting carried away with oil prices last summer.
Posted on 04 September 2009
Categories: Banking & Finance, Bond Markets, Global Economics, Gold & Silver, Hedge Funds, Investment Gurus, US Dollar, US Stocks, Video Channel
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Peter Schiff is best understood in the sense that his message is in total harmony with that of the Chinese Communist Party.
Invest in Chinese/HK stocks because China is more capitalist than the West. The world is no longer unipolar, multipolar world, US empire in decline, the same tired CFR tropes.
It’s all nonsense. These people are essentially traitors. His forefather Jacob Schiff supported the Communist takeover of Russia.
He is related by marriage to the Gore family. The same Gore who currently promotes the self promclaimed Communist Van Jones, Obama’s “Special Advisor for Green Jobs.”
Schiff himself even dabbles in politics, fielding support for Soviet style fake dissidents a la Ron Paul, who himself curiously promotes the “end of the US empire” theme as well as defending the government of Iran.
With friends like these…
An addendum, the collapse of the US dollar that Peter heralds is all the more disturbing when you consider that he is actually tied to the entity that is needlessly destroying it, the Fed.
From Wikipedia: He [Jacob Schiff] was elected a director of Wells Fargo in September 1914 to succeed his brother-in-law, Paul Warburg, who had resigned to accept appointment to the original Federal Reserve Board.
It is entirely plausible that these incestuous financiers who concievably still control the Federal Reserve use Peter as an organ to promote their planned destruction of the US currency.
No less than Karl Marx himself called for the creation of central banks in The Manifesto of the Communist Party. Since the fall of the gold standard these central banks have had free reign to ruin nations and provoke revolutions through the debasing of the currency.
Unfortunately it looks like that’s happening once again.