Preps and Solutions
(Sponsored Ads)
Most Popular Articles, Videos and Posts
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
The Daily Sheeple
Recently Posted Articles and Videos
Web Destinations


  

Peter Schiff: The Market Isn’t Really Going Up

Mac Slavo
November 16th, 2009
SHTFplan.com
Comments (4)
Printer Friendly Version of this Page SHTF Plan RSS Feed - Emergency Preparedness and Disaster Planning Signup for Our Regular News Updates Mac Slavo's SHTF Plan Youtune Channel

Senate candidate Peter Schiff discusses gold, silver, the Dow Jones, and President Obama’s visit to Asia in his November 16, 2009 Video Blog.
(Video follows excerpt and commentary)

Yeah, the Dow is up 130-140, but in real purchasing power, as measured by gold, the Dow lost value. People can buy fewer ounces of gold with their stocks today than they could yesterday. People have to understand, investors in particular have to understand, how inflation creates this illusion and how people can actually be growing poorer even as their brokerage accounts are rising.

Mr. Schiff’s comments were succinctly explained in the latest Schaef Report: The Fed Playing God With Our Money, where Mr. Schaef clearly outlines how the purchasing power of the Dow Jones has been significantly reduced in terms of gold, silver and oil. As central banks in the US around the world continue to print money, the purchasing power of gold will continue to increase, or at the very least it will be preserved, while the value of paper currencies will decrease. As we’ve said before, what good does Dow 30,000 do for an investor when the price of gold is $5000 an ounce, a gallon of gas is $8, and a Starbucks coffee costs $12?

Watch Peter Schiff’s Video Blog (November 16, 2009:

Hat Tip to Rick Blaine for alerting us to today’s Schiff Video Blog

Related Reading:

Schaef Report: The Fed Playing God with Our Money

BOOM: Dow Jones Hits New High of 7500!

Author: Mac Slavo
Date: November 16th, 2009
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

Subscribe To Our Newsletter

 

4 Comments...

  1. ovals says:
    November 16, 2009 at 8:53 pm

    I like Schiff and Schaef.

    Rate This Comment: Thumb up 0 Thumb down 0

    Reply
  2. Schaef says:
    November 16, 2009 at 9:43 pm

    We’re not related, but we think alike! :)

    Rate This Comment: Thumb up 0 Thumb down 0

    Reply
  3. NetRanger says:
    November 16, 2009 at 10:03 pm

    The people of America are so incredibly naive to believe the line of BS they are being fed. My wife has asked me a couple times why, during my sleepwalking, am I trying to feed the cable TV coax into the toilet? But, no, really, its such a crock of poo poo that its really hard to listen to. I can’t remember if it was Celente or Schiff that said, “Gold doesn’t lie…” It sure is speaking up lately. If its not lying, we should be listening VERY CLOSELY!

    Schiff and Shaef? Aren’t they cousins of Frick and Frack?

    Good writeup. Thanks Mac, you rock.

    :)

    -NR

    Rate This Comment: Thumb up 0 Thumb down 0

    Reply
  4. Mac Slavo says:
    November 17, 2009 at 8:52 am

    Thanks NR, as always, for your contribution here at SHTFplan.

    I am going to try to make the commenting a little easier with the next update, because it seems to me that the best information/analysis comes from the community here. It’s always fun to come in an read what everyone has to say.

    Also, I think you probably get the same quality of content when your TV is plugged into your toilet as opposed to your incoming cable signal.

    Rate This Comment: Thumb up 0 Thumb down 0

    Reply

Leave a Reply

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. As such, we have implemented a comment rating system controlled by our users. The thumbs up or down flagging system will allow readers to determine if the post is or is not relevant to the conversation. User comments that are flagged with a thumbs down too many times in relation to thumbs up votes will be hidden from view (but still available for reading). While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil if at all possible.

  
SHTF Plan - RSS Feed - Preparedness News, Commentary, Resources
There's an 84% chance you won't remember where you read our unique information. Don't be another statistic.
SHTFplan Weekly Newsletter
Community Discussion - User Comments
  • Comment by Death N Taxes: "the greatest enemy of the American people are the faceless wealthy elite who control the assets of the western governments. they control the..."
  • Comment by Anonymous: "Come on nino, play nice or I will put you in your place again."
  • Comment by Frogman: "I spent 12 years fighting all kinds of poor bastards all over the world that our corrupt government wanted dead for some reason or another and can..."
  • Comment by Pyro: "Maybe there’s a 1000 lurkers/viewers, or 10,000, or even 100,000….. MORE than you counted!"
  • Comment by Mac Slavo: "Great stuff george! At some point, unless one has stocked a number of cartridge replacements for retail filters, you run the risk of not having..."
  • Comment by justice100: "Nina,eeder, Your both hitler loving sick little worms. You have shown me your true ignorance and evil minds. I would never cross either of your..."
  • Comment by 1happycountrymom: "They watch too much TV…….minds have gone numb…. KEEP PREPPIN’"
  • Comment by Gregory8: "Tym: You hit the nail on the head: Both the left and right extremes are cut from the same dirty cloth. They want as much control over the population..."

    • Web Design and Content Copyright 2007 - 2011 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.