October 17, 2007

HP'er Peter Schiff on the housing crash and dollar collapse



Schiff again nails it. But he's no genius - all of this is just so obvious.

Ron Paul gets it too.

10 comments:

Anonymous said...

Man are the sheeple gonna be PISSED when they realize inflation is back. Life back to what it was like in the 70's. And for you youngin's out there, it wasn't good.

Anonymous said...

"nothing dollar denominated is safe" !!!!!!!

So whats going to happen to gold and oil - aren't they dollar denominated? Will their $ price go the moon?

Mammoth said...

Keith,
After reading so much about the plunging dollar here on HP, this morning I stormed into my boss’es office and demanded that he start paying me in Euros.

After he had wiped up the coffee which he spewed onto his computer monitor and finally quit laughing, he said, “that was a good one,” and reminded me the quote that I am working on is due today.

Anonymous said...

the guy interviewing him did a good job, kept it simple- and he wasn't as incredulous and condescending as the last batch.

remember that bimbo that said "but i don't pay for stuff w/ the looney!" man you know he wanted to reach over the desk and slap that ho.

LauraVella said...

the guy interviewing him did a good job, kept it simple- and he wasn't as incredulous and condescending as the last batch.

I noticed this too. It appears now, Schiff's ideas arent so far fetched as everyone thought.

Tangelo Mozilo said...

Anonypuss said . . .

"So whats going to happen to gold and oil - aren't they dollar denominated? Will their $ price go the moon?"

-------------------------

Gold and oil are commodities - their denomination in dollars is only incidental.

Anonymous said...

Understatement of the day:

"For most households out buying gasoline and a loaf of bread, it feels like inflation is high."

Yeah, "feels like"

whitetower said...

It still irks me to see Schiff and others like him given the caption "Dollar Doomsayer" -- never, of course, "Dollar Truthsayer."

Anonymous said...

I have been a fan of Peter since the day his book was realease. I think I bought and read it the same day that it was released. I have read it three times, and think that I have cooked and stewed most of his ideas, and believe most to be true. I also read Micheal Panzner's book, Financial Armageddon reads like Peter's book, However, He thinks cash is King.

fear all the time said...

It still irks me to see Schiff and others like him given the caption "Dollar Doomsayer" -- never, of course, "Dollar Truthsayer."

It's only doomsaying if someone suggests something bad is going to happen to the USA economically.

But when the government and media drones are screaming every 5 seconds that Al Qaeda is about to attack, that is the truth.