Peter Schiff issues a Red Alert: "Get out of the US dollar"

[Digidiver]

[goadam1]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

do I buy his fund or vote for him for senate?

[Crazyfingers]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

Schiff, I kinda find disturbing these days. He could cost alot of folks their retirement blabbering like this.

On main street people are starving for dollars. People, business, state governments, EVERYONE except the CROOKS are starving for freakin dollars right now. I say arrest the damn crooks and take their dollars.

Me thinks, Schiff just wants to sell his crap using scare tactics.

I have thought all along the US government should have just wrote ever American a check for $35k right off the bat. And then worked on a game plan to untangle this birds nest. Instead of handing the same crooks a wad of cash and telling them to lend it! WTF sense did it make to give bankers 2 trillion dollars to LOAN it back to us! Arrest them all, I say.

[metalman]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

yeh, dollar gonna crash any day now...

[Digidiver]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

I wasn't quite sure what to make of that video.. It's good to hear that you don't take him too seriously.

[cobben]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

"I wasn't quite sure what to make of that video.. It's good to hear that you don't take him too seriously."

I would be more worried about the longer dated bonds than the $USD per se, for now anyway, but who knows what might happen if the elephant herd of the world's Central Bankstas should panic.

I have seen a few predictions of the imminent demise of the JPY which look reasonable, not to mention the GBP which should be the real basket case amongst the "major currencies". I would worry more about these I think than the $USD.

There is a point to keeping a certain amount of physical cash money around, however, if access to the digitized form should become problematic.

[Serge_Tomiko]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

Schiff, I kinda find disturbing these days. He could cost alot of folks their retirement blabbering like this.

On main street people are starving for dollars. People, business, state governments, EVERYONE except the CROOKS are starving for freakin dollars right now. I say arrest the damn crooks and take their dollars.

Me thinks, Schiff just wants to sell his crap using scare tactics.

I have thought all along the US government should have just wrote ever American a check for $35k right off the bat. And then worked on a game plan to untangle this birds nest. Instead of handing the same crooks a wad of cash and telling them to lend it! WTF sense did it make to give bankers 2 trillion dollars to LOAN it back to us! Arrest them all, I say.

$2T is not even $7K per person.

You are right though. Arrest them all.

[goadam1]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

"I wasn't quite sure what to make of that video.. It's good to hear that you don't take him too seriously."

I would be more worried about the longer dated bonds than the $USD per se, for now anyway, but who knows what might happen if the elephant herd of the world's Central Bankstas should panic.

I have seen a few predictions of the imminent demise of the JPY which look reasonable, not to mention the GBP which should be the real basket case amongst the "major currencies". I would worry more about these I think than the $USD.

There is a point to keeping a certain amount of physical cash money around, however, if access to the digitized form should become problematic.

I'm sure the dollar will and is being devalued. But it won't happen a to b to c. And along the way you will be "informed" with ideas like, "yen bad, dollar okay." Plus it's a fiat world run on computers. Good luck as one person against all that. It was only a few years ago that a computer could be every human being at chess. Now a computer can manage and beat any human at investing. You just don't own the computer or the software.

John Henry died with his pride.

[cobben]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

"Now a computer can manage and beat any human at investing."

No they can't, just at trading, which is why there is no other choice but to opt out of the rigged game which "trading" generally is.
The computers have no idea of what "investing" really is.
Chris Coles & CA Fitts are on the right track I think.
Look for true "investments" in real life stuff, businesses, activities of whatever kind.

[goadam1]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

"Now a computer can manage and beat any human at investing."

No they can't, just at trading, which is why there is no other choice but to opt out of the rigged game which "trading" generally is.
The computers have no idea of what "investing" really is.
Chris Coles & CA Fitts are on the right track I think.
Look for true "investments" in real life stuff, businesses, activities of whatever kind.

Are you sure? I bet some pretty nifty predictive models being worked on.

How long is the window between trading and investing? Hmmm? Should I buy amazon? I can't do all the math that a computer could do (if it had honest input).

What is investing? I bet if you want to figure out where to put a factory and how big and so on, you won't do that with your gut. You input data. You model.

EJ has a model. I bet a little computing power could expand that model past his own brain's ability.

Don't be so sentimental about the individual mind.

[metalman]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

Are you sure? I bet some pretty nifty predictive models being worked on.

How long is the window between trading and investing? Hmmm? Should I buy amazon? I can't do all the math that a computer could do (if it had honest input).

What is investing? I bet if you want to figure out where to put a factory and how big and so on, you won't do that with your gut. You input data. You model.

EJ has a model. I bet a little computing power could expand that model past his own brain's ability.

Don't be so sentimental about the individual mind.

maybe a computer will tell us what the kremlin is gonna do next.

[goadam1]

Re: Peter Schiff issues a Red Alert: "Get out of the US dollar"

maybe a computer will tell us what the kremlin is gonna do next.

I'm not being literal. But think of it as a variation on Marx. He who controls the means of information reap the benefits.

As far as the Kremlin, we all suspect a lot of ginning the system. And the rules of unintended consequences abound. But blaming the bogey man is a cop out. You have to play in the system with the casinos chips. There is no "leave."