Results 1 to 5 of 5

Thread: Peter Schiff:Economic Disaster in 2011

  1. #1
    Havakasha is offline
    Legend
    Havakasha's Avatar
    Joined: Sep 2009 Posts: 5,358

    Peter Schiff:Economic Disaster in 2011

    Austrian School economist predicts economic doomsday scenarios for 2011.
    Anyone here believe what he has to say about interests rates going through the
    roof?

    He comes in around 5:55.
    http://www.youtube.com/watch?v=Z9V5RuLlXtw


    Peter Schiff Says U.S. is Powerless to Prevent Runaway Inflation, Silver to Soar to $100
    Commodities / Gold and Silver 2010
    Sep 12, 2010 - 01:23 AM


    Peter Schiff forecasts that Silver could reach $100 following a collapse of the U.S. Dollar as he says “The United States right now is completely powerless to prevent runaway inflation”, as the U.S. continues with policies of more economic stimulus and bigger deficits.


    “I think growth is real around the world and I think inflation, unfortunately, is very real. Central banks are much too easy. They’re printing much too much money.
    Last edited by Havakasha; 01-05-2011 at 10:32 AM.

  2. #2
    Havakasha is offline
    Legend
    Havakasha's Avatar
    Joined: Sep 2009 Posts: 5,358
    Here are a few examples from Peter Schiff website of the Austrian school of economics (the guys who take on paul krugman)

    "Hyperinflation is coming!"

    "Market crash coming on 1/31/11?"
    "Technical indicators suggest market collapse may begin by January 31st"

    Are these examples of responsible and serious economic analysis or hyperbolic newsletter headlines for the purpose of selling his newsletter? You be the judge.

  3. #3
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Peter Schiff was right!

    Enjoy it again.

    http://www.youtube.com/watch?v=2I0QN-FYkpw

  4. #4
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    I wouldn't dismiss any predictions for 2011 at this time. From my perspective (i.e. petrochemicals), it's starting to feel a lot like 2008. And look at the market. What did Buffet say? When people are greedy, be fearful?

    Stiglitz points out the same thing that many do. The US$ is the world's reserve currency. The prospect of losing that position is very glim.

  5. #5
    Havakasha is offline
    Legend
    Havakasha's Avatar
    Joined: Sep 2009 Posts: 5,358
    We shall return to Peter Schiff's predictions periodically over the year, starting
    with the January 31, 2011 prediction of a stock market "collapse". Should be interesting.

    I quess if the Republicans dont allow the debt ceiling to rise, he could be right.
    Last edited by Havakasha; 01-05-2011 at 08:04 PM.

  6. Ad Fairy Senior Member

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •