It’s the jobs, stupid! And since Obama can’t fix it, he’s lying about it to maintain appearances.
The ride on the china gravy train will soon come to an end.
When the collapse in the dollar occurs, there will be a widespread return to using gold and silver as money
From Greg Hunter:
The market keeps falling and the Fed can’t stop it. Gold is up something like $100 an ounce.
The price of gold is going to skyrocket, and it’s going to go up so much more than this because we are just getting started.
They are not going to do anything to rein in inflation because it’s impossible. Gold is going to sense this. It’s going to smell blood. You’ve got a lot of people who are shorting the gold market. They are going to get crushed.
The admission that the economy is so weak that it needs more QE is going to destroy the narrative that the U.S. economy is in great shape and it’s no longer going to be the safe haven for capital around the world…it’s going to prick the bubble in the dollar…and people are going to realize that we’ve never recovered from anything, the economy is sicker than ever, the Fed’s going to make it even sicker with more of its toxic monetary policy, the dollar’s going to tank and the price of gold is going to skyrocket – and people need to prepare for that now.
Puerto Rico’s governor is preparing to call in the lawyers. The Caribbean island is sitting on a $72 billion debt and defaulted on some of it again this Monday. The country did meet tens of millions in interest payments, and some of its bonds rallied a bit, which means some investors are still willing to take it on. But the U.S. Commonwealth is still running on fumes. Its governor says there’s not enough money to keep public services going.
Is Puerto Rico America’s Greece? Peter Schiff breaks down the crisis…
from Greg Hunter:
Money manager Peter Schiff says gold and silver are not going fall dramatically in price from here. Schiff says, “That’s not going to happen. There will be deflation. If you want to price things in gold, stock prices are coming way down in terms of gold. Real estate prices are coming way down in gold. Consumer prices are coming way down in gold. Commodity prices are coming way down in gold. They are not coming way down in dollar bills because the government can create as many of those as it wants…
Every country that has gotten themselves into the mess were in, only on a smaller scale, there has always been a collapse in the currency…“
“I’m surprised [this dollar crisis] hasn’t happened already. But I think it’s because the rest of the world has just been so brainwashed by the mainstream media, by the central bankers, by Wall Street, that they just haven’t figured out the problems that the Federal Reserve has created over the last seven years, with three rounds of quantitative easing and zero-percent interest rates. I think the US economy is poised on a much bigger cliff than the one we went over in 2008.”
“Eventually the foreign exchange markets are going to get wise to this con. They’re going to figure this game out, and they’re going to realize that the Fed is never going to deliver on this promise [of a rate hike], that rates aren’t going to go up, that the balance sheet is never going to shrink, that it’s going to grow in perpetuity. And then there is going to be a currency crisis…”
Peter Schiff’s EPIC Rant on CNBC is Below:
From Greg Hunter, USA Watchdog:
Money manager Peter Schiff, who wrote a book three years ago called “The Real Crash,” thinks the next calamity is well on its way.
Schiff says, “I think the next crash is going to be a dollar crash rather than a stock market crash. Certainly it is going to be an economic crash for the average American, and their cost of living goes skyrocketing.”
So, is the next crash going to be worse than the last meltdown? Schiff says, “It’s going to be much, much worse. If you understand what caused the 2008 financial crisis, it was the easy monetary policies of Alan Greenspan. . . . The monetary policies of Bernanke and Yellen dwarf what Alan Greenspan did. That was child’s play compared to what these guys have done. We have had zero percent interest rates for six years. We have had three rounds of quantitative easing (QE or money printing) and “Operation Twist.”
The cost of renouncing your US Citizenship has gone parabolic…
In this MUST WATCH Bloomberg interview, Peter Schiff warns that China is poised to follow in the footsteps of the Swiss National Bank, and ditch the dollar peg- resulting in the Yuan soaring and a collapse of the dollar.
Schiff warns the fallout will be a 10 on the economic Richter scale, and will occur prior to the end of 2015, when the Fed announces QE4- “which will be bigger than QE1, 2, & 3 COMBINED”
Schiff’s full MUST WATCH interview is below:
In this interview from the Freedom Fest in Las Vegas, Peter Schiff gives his thoughts on the coming crash of the dollar and what it may mean for both Americans and Canadians.
Schiff, one of the sole market forecasters to predict the market crash in 2008 states that:
THE REAL CRASH IS YET TO COME!