Money manager Peter Schiff says, “The stage has been set for a currency crisis and a sovereign debt crisis, and they’re going to come relatively soon.”
Schiff says the latest round of “unlimited” money printing by the Fed has only “postponed the collapse.” Schiff thinks, “The longer we wait, the worse it’s going to be.” So, why don’t politicians do something to stop the collapse that many know is coming? For one thing, Schiff says, “The political backlash will be enormous. . . . Nobody wants to be the messenger who gets shot because of the message.” There is going to be a crisis dead ahead because, according to Schiff, “The dollar is vulnerable to a massive collapse . . . buy gold and silver.”
USA Watchdog’s Greg Hunter goes One-on-One with Peter Schiff.
Peter Schiff: Dollar Vulnerable to a Massive Collapse, Buy Gold and Silver
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Peter Schiff is a character played by the jewish american actor, Paul Reubens, former star of the PeeWee Herman show https://en.wikipedia.org/wiki/Paul_Reubens. He has been exposed by Ed Chairini of Wellaware1.com. It’s on the front page but the link doesn’t work to the larger picture or I would have provided it – but just scroll down and he is there somewhere. Despite that, his advice always seems to be good!! When I read his stuff, I can’t help wondering why TPTB would send him out there all dressed up as someone else to give us all such good advice, but nevertheless, his advice so far has been good. But, maybe, his advice will start to diverge at some important moment, away from physical and towards miners, for example. I don’t know, but he certainly has an agenda, as do they all.
I have read and enjoyed a few of your posts chief but I must throw my opinion into the ring and say I have read that wellaware1 site and those pictures look nothing like those people. Anyone who has met peter or anyone else on that site can attest to completely different body frames between someone like Peter Schiff and PeeWee Herman guy. I mean on that site it says that a ROCKEFELLER family member is an actor and plays Jim Marrs, Bill Cooper and Sheriff Joe Arapiao or that Ghadafi in Libya was played by the blind Governor of New York???!! I mean… you can’t make that stuff up. The people all have different noses, body frames, ear prints.. etc.
Orion, thanks, but I think that your statement that ‘those pics look nothing like those people’, is much too general, because some of them certainly do look like their alleged actors. For example, James Brolin and GW Bush really do look alike. The faces of Peter Schiff and Peter Reubens also look alike – but I accept that I know nothing of their body frame sizes, or heights. I have actually met and spent time with the ‘discoverer of HIV’ (if that can be believed anymore), Luc Montagnier, who wellaware1.com alleges is an acted part played by Mike Myers. Luc was an icon for me, but not anymore, because I can see Mike Myers so clearly in him. Luc is supposed to be 25 years older than Mike, but when you look at pics of Luc, you see a younger person in him. And, I can tell you first hand that he has that same twinkle in his eye and mischevous sense of humour as Mike. The other thing is that ears don’t lie, and Ed Chiarini provides all ear pics for us to verify, and I don’t find a fault with the matching of these images.
I have listened to Peter for many years and have come to know that he is in the business to sell stocks and recently has started selling gold and silver. He is very smart and makes a lot of sense but his predictions are always pushed farther into the future every time. I remember talk. not from Peter, about the dollar crashing and hyperinflation in the 80′s and the world kept turning. They had a lot of charts and reasons why back then too. Don’t know if this time it will be the big one but I do know that humans have basic needs to be filled and there was life before money existed. Being able to adapt to whatever will happen is the greatest asset. It makes sense to own some gold and silver, it also makes sense to have a food reserve and some chickens. There is a reason why chickens are referenced when trying to explain bartering. One thing I do know for sure is that this site is loading a lot better than it did before whatever was done to it.
I wonder why all the silver-advocates SELL SILVER??? Aren’t we all supposed to stack? Doc, why are you selling your stash for FIAT? Where is the freakin’ logic? You preach to stack but you sell us your own metal. WTF?
All the doomers have to revise their timings constantly. According to all of them we should be well overdue. I guess everybody underestimated the power of corruption. Not only bankers are corrupt but all the system, including all traders etc. Everybody involved is making BIG BUCKS from the “fruit of the printing-press”, why stop it now… I guess the SHTF moment is more than 5 years away. Until then the situation will worsen slowly.
Your thoughts definitely have validity. I have often wondered why I can still go down to the local pawn shop and buy all the silver I want for spot or below. If it is so under valued how can this be true. If the shop I deal with gets low for a short time then I can go to the next nearest town and know of several other places I can get it for the same deal. In a few days my regular shop is filled up again. There seems to be silver everywhere for so many to say how ‘tight’ supplies are. Inflation has always been around, and I am not convinced there is a doomsday moment right around the corner. If it happens, nothing I can do anyway, if it doesn’t then all the worry and BS has been for nothing. Better to make the best of the day, live and let live, and cross the other bridges when you come to them. Most important, don’t believe anything you hear or read until you see it happening by using your eyeballs in real time.
@LexLuthor – you don’t seem to have any understanding of how a market works, or how a bullion business works.
I haven’t sold an ounce of my personal stash. We are only able to sell at SD Bullion what we can immediately turn around and replenish from wholesale suppliers. Prices reflect current wholesale inventories. If I was selling my own stack, SD Bullion would have been out of business in less than a week unless my name was Warren Buffett. I wish you were right, but we definitely arent making ‘BIG BUCKS’ by selling bullion to SD readers at the prices we do. We are barely breaking even…particularly with a recent theft of $14,000 in gold we sustained thanks to 3 orders using stolen credit cards.
We’ve also had to upgrade our servers 9 times in the last 2 weeks as well as pour funds into IT. BullRun and I have devoted about 80 hours a week to SD for the past 2 years, and have yet to see a single dime for our efforts…fiat or silver.
Yet apparently you believe that not only should we provide all of the information for free on SilverDoctors, but we also shouldn’t attempt to pursue legitimate means to generate revenue for the large and continual costs associated with running a large website.
-Doc
doc, don’t let LEX get to you.
clearly he is trolling, no human being can be QUITE THAT STUPID to believe what he claims to believe.
and sorry to hear about the credit card scam, man that sucks, i hate people, there are so many scumbags in this world.
what policies do the big boys have in place (apmex, miles franklin, etc) to prevent fraud through stolen credit cards?
@reflector – thanks, they actually got the big boys too at the same time. We figured it out and sent a dummy package on their 3rd order and set up a sting operation with the local police. We actually got them both arrested, and they had gold from Liberty Precious Metals and Maloney’s GoldSilver in their possession, but the police didnt recover any of ours. Our insurance then rejected the claim even though it was supposedly covered under our policy.
We’ve come up with several rather unique policies in response that should ensure it doesn’t happen again.
@LexLuthor The main reason why the Doc started the SD Bullion is to provide its reader some physical gold and silver very cheaply. Compare its price to other online dealers such as APMEX. So, he cares about his readers since he wants them to build their stacks faster.
My troll detection shows that you are trolling with the Doc!
Now troll, BE GONE!! *sprays*
Lex-Luther: Lighten up, will ya. Geez, you think Doc is selling is OWN stash? How narrow is that. My wife could’nt understand why I do that? My response: Its a BUSINESS! You sell for MORE than it costs to replace the metal you sell. Its quite simple, really. And its VERY profitable, in that I add to my stash via SALES! Capeech?
Doc selling his own stash…?
Are pigs flying? Is it snowing in hell?
Just when you thought you’d heard it all.
Lex rest assured, if Doc was selling his own stack I must have bought it 3 times over. If he did sell his own stack at the prices he offers I would be guilty of grand theft silver.
And another thing. I can attest to Doc hours. I work late nighton the blog rolls, 9-10 PM PST and Doc is still on the site and emails me at his time, 1 AM I know he is scouring the news of timely news at that hour.
As a business owner of a company for the last 20 years, I can tell you that if you want to offer something for free you will go broke in short order. Making a profit to sustain a viable information service enterprise is the heighth of entrepreneurship–offering a valuable service for a reasonable return on invested capital and time. No one works for free.
“No one works for free. ”
Well, no one who actually NEEDS to work does so. There are those filthy rich folks who do this or that community service for $1 a year in “salary”.
As to business… selling silver is not selling out. The PM business depends on turnover… buying and selling quickly. No vendors want to play the silver or gold market. That’s not their function. Their function is to provide access to silver to more folks who want to get out of dollars. With those dollars, vendors buy more stock and continue the process. This is basically no different from how any other retail business works… buy at wholesale and sell at retail. With luck there is enough difference between those prices to keep the doors open and the lights on.
As to the future… no one knows WHEN the S will HTF but it is not exactly rocket science that the US dollar is being horribly mismanaged. The handwriting IS on the wall and it IS damned ugly. Although I have no insight into the coming debacle, my best guess is sometime in the 2014-15 time frame. If we make it through then without a dollar collapse, who knows, maybe there won’t be one for some time to come. Like many others, I would be thrilled not to go through a collapsed currency / economy crisis. Nor do I want my kids or grand kids to have to go through that. Still, if it happens, it won’t be because I hoped that it would. It’ll be more like, ‘it’s coming anyway so what am I going to do to ameliorate the effects on my family to the extent that I can?’. For me, this is buying weapons & ammo, food & water, silver, tools, and anything else that look useful during an Oh, S**t!” situation. At the very worst, from the prepping point of view, nothing happens and I have a lot of useful stuff that cost less than if I had waited to buy it with ever weaker dollars. In a worst case scenario, those supplies will be damned useful. Either way, it will work out for the best. Cheers and best of luck to all my Brothers and Sisters out there. We truly are all in this together.
No, no, missunderstood. I am not trolling. Just asking questions…. Maybe I am so frustrated by the whole thing, I dunno. With all my beeing I wish the silver-gurus are right sometime in the NEAR future.. It’s the agony of the whole situation that sometime makes me wonder.
@Lex – I think we can all understand what it’s like to be highly invested into something like silver to have the kinds of wild fluctuations in price. But quite a while ago I told myself if it’s under 40$ BUY, If it’s under 30$ Buy even more! I try to stack weekly even if I can only afford 5-10 ounces… every little bit helps save purchasing power while disengaging from a broken system all the while using the silver as a bullet to wound the TBTF banks.
Too me it’s as simple as wanting to hold my wealth in a tangible commodity without any counter party risk involved. SO I just keep stacking and try to pay no mind to any anxiety about price in fiat money because I know the fundamentals are strong and that I am doing the right thing for me and my family.
Collapse is mathematically inevitable at this point and to quote/paraphrase someone poorly, “When looking at a collapse, it felt at the time living through it that it would take forever to get there, but once it started coming down we were astonished at how quickly it went.”
All good points well stated. Patience is one thing that is in good amounts here since we would all be going mad with the apparently slow procession of the events spoken of so frequently on this dial. We were talking about the Greece fiasco 18 months ago Going back 250 pages, a feature offered on the SD site, the same themes were present and the same problems outlined. It would not surprise me to see this uncoupling and collapse take another 18 months. But it could happen in October, a month fraught with banking and stock market black swans.
On a small side note, be sure to have a goodly selection of high quality hunting, fighting and work knives. 20 is a reasonable number and include small, medium and large folders and fixed blades plus specialty knifes for fishing and emergency use. They don’t have to cost alot since you can get good AUS blades, stainless steel for $15-25. Sometimes a web seller special allows you to pick up real bargains on top quality knives for $5-8. Trolling swap meets, garage sales and thrift stores can stock you up quickly You can find some exceptional kitchen and cooking knives at thrift stores for pennies on the dollar.
I like http://www.knifeworks.com and http://www.kennesawcutlery.com
Just file this under the OCD weirdometer