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October 2009



Peter Schiff - Hair of the Dog

October 30, 2009 – Comments (0)

The GDP numbers out yesterday, which showed economic growth at 3.5% in the third quarter, brought a deafening chorus from public and private economists who all agreed that the recession is officially over. With such a strong report, they are happy to tell us that not only has the Fat Lady finished her aria, but she has left the building and is sipping champagne in the bath. As usual, it falls on me to rain on the parade.  [more]



Ally Bank's Alchemy

October 29, 2009 – Comments (1)

In an era where profit-seeking businessmen are considered guilty until proven innocent, it might surprise you that the government is helping fund some of the most blatantly fraudulent financial propaganda one can imagine. By way of our bailout bucks, Uncle Sam is producing ads that would make Kevin Treadau or Ms. Cleo blush.  [more]



Peter Schiff - Dollar Forced to Abdicate

October 23, 2009 – Comments (0)

The great dollar rally of 2008-2009 has come full circle. When the financial crisis exploded in its full ugliness in mid-2008, the dollar, which had steadily declined over the previous four to five years, put in a rally for the record books. By March 2009, as investors across the world sought safety from the financial storm, the index had surged more than 25%. Since then, the dollar has steadily declined to the point where nearly all those gains have vanished. In short, the panic rally has given way to the long term trend.  [more]



Peter Schiff Video Blog - October 20, 2009 (Reversal Tuesday, Popular Delusions)

October 20, 2009 – Comments (0)

(Schiff Report Video blog Oct 20th 2009, Sorry about the sound, mike was not properly positioned.)  [more]



Peter Schiff - Ignorance Is Bliss

October 16, 2009 – Comments (0)

While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These myopic commentators seem to be simply moving past the now almost-universally held conclusion that before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I too would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path.  [more]



Peter Schiff: Gold Going To $5,000

October 05, 2009 – Comments (24)

[I know plenty of people here hate seeing predictions from 'Gold Bugs' about how high gold is going, but that's only the first paragraph and the rest of the article was just too good not to share.]  [more]



Peter Schiff - The Recovery That Isn’t

October 02, 2009 – Comments (5)

For those market boosters who are prattling on about the possibility of a “jobless recovery,” I offer an invitation to join me for a breakfast of “fat-free bacon,” “eggless omelets,” and “no-carb bread.” As unappetizing as such a meal may sound, it would nevertheless offer more substance than the oxymoronic concept of an economic resurgence without job creation.  [more]

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