Preps and Solutions
(Sponsored Ads)
Block Cubed - Cryptocurrency and Blockchain News
  • “This News Is Massive” Unikoin Gold (UKG) CEO Responds To Supreme Court Ruling That Legalizes Sports Betting
  • Blockchain Smart Contracts
  • Understanding the Difference Between Proof of Work vs. Proof of Stake
  • Silver
    Strategic Relocation
    Recently Posted Articles and Videos
    Ready Nutrition - Homesteading and Preparedness
    Ready Gardens - A Ready Nutrition Company
    The Daily Sheeple
    The Prepper Website
    SGT Report
    The Daily Coin
    top Prepper Web Sites
    Featured Destinations
    The Liberty Mill
    Web Destinations

    Clarocet for Kids

    Peter Schiff: The Market Isn’t Really Going Up

    Mac Slavo
    November 16th, 2009
    Comments (4)
    Read by 222 people

    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!

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    The Most Trusted Tactical Gas Mask In The World
    Please Spread The Word And Share This Post

    Author: Mac Slavo
    Views: Read by 222 people
    Date: November 16th, 2009

    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 Please contact us for permission to reproduce this content in other media formats.


    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. ovals says:

      I like Schiff and Schaef.

    2. We’re not related, but we think alike! 🙂

    3. 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.



    4. 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.


    Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

    Dedicated IP Address:

    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.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to