Permabear Peter Schiff's Worst-Case Scenario

No way

Schiff fits in perfectly with Ron Paul because he is all trash-talk and no game. read this article and tell me if you would invest a dime with this guy:

http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html

He made some right on predictions but apparently that didn't help him make (or save) money for his clients. And now this guy wants to be a Senator?

I'm no Dodd fan but I would vote for anyone besides a Ron Paul disciple. Their race-baiting, isolationism, and conspiracy-mongering is ugly! Plus, Austrian School economics? get real!

Troy of CT @ Jan 28, 2009 17:55:27 PM

dollar devaluation

In 1948 Germany drastically devalued the then existing currency.Over night the old mark was declared obsolete and replaced by the new Deutsche Mark.It stunned the already punch-drunk nation momentarily but proved to be the best thing for its economy.every citizen was entitled to 100 new marks, old or young, rich or poor-it was up to you to make the most of it.Judging by the recklessness with which the Fed and our elected officials are running up the deficits and national debt indicates that they have already decided what to do when the bubble is about to burst.it'll have to be something like Germany in 1948,not a happy prospect.

Gunter Berndt of FL @ Jan 28, 2009 16:27:40 PM

schiff shift

10xcsn, peter, your the gold standard.

run the hills, with golg and silver, jimbo

bilf flitz jr of AK @ Jan 26, 2009 03:22:38 AM

Gold

I bought some gold and silver coins last week. I asked the sales rep why the gold values had not gone up as much as was predicted by Peter Schiff . He said that many of the hedge fund managers where raising cash to keep from going under and they were selling the only assets they had that were liquid and had value. You guessed it Gold and silver. Peter is right on most things. The value of the dollar is headed for a b lack hole. As the US consumers stop buying imports the economies of the world will also suffer. I have shifted my remaining assets to non us based investments. Keep yelling peter. I have hope for the USA. But we cant print trillons of dollars and keep all the bubbles inflated. In the end the only thing that will have real value is food {commdities} I remember the story of post world war 2 germany where the woman went to buy bread with a wheelbarrow full of money. She ran into the bakery and when she ran out all the money was on the ground and the wheel barrow had been stolen. Maybe we are headed for times like that. I hope not. The time to save for a rainy day is here and it is already raining.

Jonathan of CA @ Jan 19, 2009 00:47:38 AM

Gold

I bought some gold and silver coins last week. I asked the sales rep why the gold values had not gone up as much as was predicted by Peter Schiff . He said that many of the hedge fund managers where raising cash to keep from going under and they were selling the only assets they had that were liquid and had value. You guessed it Gold and silver. Peter is right on most things. The value of the dollar is head for a b lack hole. As the US consumers stop buying imports the economies of the world will also suffer. I have shifted my remaining assets to non us based investments. Keep yelling peter. I have hope for the USA. But we can print trillons of dollars and keep all the bubbles inflated.

Jonathan of CA @ Jan 19, 2009 00:41:03 AM

Forsee the problem and hideth yourself

I agree with what Mr. Shiff has to say. Don't be put off by the fact that this boulder won't exactly bounce off the exact guardrails he says it will. The bottom line is that the boulder will end up where he says it will and in that...he's almost unique... and much appreciated by at least some of us.

Jim Neri of GA @ Jan 08, 2009 12:31:03 PM

Peter Schiff is not looking to gain from the truth

I have been a salesman for over 25 yrs and can tell a fraud from a sincere person. The person who tells the truth versus the media prostitutes both male and female,The mainstream media are out there daily trying to keep there jobs at the expense of all who listen to them. Peter as well as a few others tell the truth and benefit others if they listen and take the necessary actions.

Dave . of VA @ Jan 05, 2009 21:30:59 PM

how to survive in the future

As a 62 yr old on disability, I can't save a dime nor can I figure out a way to get a job, especially in this economy. I have some money saved, enough for about 4 yrs at today's rate of inflation (which is low as of early 2009), so does anyone have an ideas what I could do to a) protect my assets and b) grow my assets safely. My house is paid for, but I can't afford the utilities so I've rented it and live in a tiny apartment.

C. Patton of MO @ Jan 03, 2009 17:33:12 PM