Great discussion with Peter Schiff on the Glenn Beck Show.  Peter touches on Inflation, Martial Law and the Weimar Republic.
I read Peter’s first book Crash Proof earlier this year and was surprised at how acurately he predicted our current financail situation. Major events such as the collapse of Lehman Brothers, Fannie Mae, Freddie Mac and even these bailouts were all predicted years ago by Peter Schiff. PhilDeCarolis a Peter Schiff fan and youtube content producer has uploaded hundreds of Peter’s interviews some dating as far back as 2002. It is interesting and alarming to see how people used to dismiss Peter’s comments as conspiracy theories, and crazy talk only to find his theories become reality.
So what’s next according to Peter ?
1. If we don’t stop with the stimulus packages and bailouts our dollar will be worth less than toilet paper.
2. The stock market will be worth one ounce of gold.
3. We will experience hyperinflation like Zimbabwe currently has or like the Wiemar Republic
The scary thing is that many believe that things like this could never happen in America.
– Justin of Vizionkc
4 responses so far ↓
- Are You Riled Up? - » Blog Archive » Hyperinflation, Weimar Republic, Martial Law , Peter Schiff Touches … // October 15, 2008 at 4:46 am |
[...] Peter touches on Inflation, Martial Law and the Weimar Republic. I read Peter’s first book Crash Proof earlier this year and was surprised at how acurately he predicted our current financail situation. Major events such as the collapse …[Continue Reading] [...]
Wade // October 17, 2008 at 1:12 pm |
Check this out.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&partner=permalink&exprod=permalink&oref=slogin
justinu84 // October 18, 2008 at 1:45 pm |
Wade — Great article. Its hard to bet against Buffet when he explains both current and past events so clearly. I found it rather interesting though that he mentioned how inflationary these government bailouts will be. For such a short article he sure did touch on a lot even the dollar.
“Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.”
Thanks for the link its always great the here what the mighty Buffet has to say.
My New Martial Law Thread for the USA - Page 6 - TeakDoor.com - The Thailand Forum // October 29, 2008 at 12:31 pm |
[...] article on this interview: Hyperinflation, Weimar Republic, Martial Law, Peter Schiff Touches On It All « Justin of Vizionkc Well worth a [...]