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Peter Schiff Video Blog - June 3, 2009

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June 04, 2009 – Comments (4)

4 Comments – Post Your Own

#1) On June 04, 2009 at 11:16 AM, AdirondackFund (< 20) wrote:

He's right on the Politics, where things need to go.  But you're going to have to argue your case for it and so far the case is not moving forward.  People are panicked and looking for handouts.  The bills come in every month, the income doesn't necessarily behave that way.  That is the simple reality of what is in fact occurring.  Do WHATEVER you want.  But if what you do has NO IMPACT on what is actually occurring, then you are wasting your time.  I have NO CONFIDENCE in any of this, and refuse to waste my time.  I'm goin fishing....and the fishing is very good in comparison.

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#2) On June 04, 2009 at 11:32 AM, AdirondackFund (< 20) wrote:

Peter, you have got to know that a massive hole has been blown into the Titanic and there is no way for a 200 year old, fat, slovenly, drug and sex addicted society, which has BREACHED it's Social Compact, to resussitate from a fatal and mortal wound to itself.  It's just not going to happen.  The fault may just lie in our stars.  It may be just as simple as that.  I have noticed in nature how difficult it is for the fish to swim against the current.  I have also been hunted by an albino, white wolf and only saw him from 15 yards away.  You see, it was winter and all was white. Luckily, I was next to the car. 

Man assumes the largest risks when he puts himself out of step with nature itself and finds himself confronted with the natural predator who notices the mistake. 

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#3) On June 04, 2009 at 2:44 PM, FreundInvesting (29.59) wrote:

inflation ain't coming for another 2-3 years

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#4) On June 04, 2009 at 3:35 PM, jesusfreakinco (29.12) wrote:

FreundInvesting

You are counting on the USD and the 10 year stabilizing.  Big bets IMO.  If the USD continues its decline and bond yields continue on the upside inflation will accelerate quickly.

JFC

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