Peter Schiff: Gold, Yellen as Fed chair, and remaining 2014 outlook
Thanks cfs.
This guy is kind of interesting.
Schiff buys Keynesian economics?
The reason money will be pumped endlessly, is not for reasons of stimulus. It is simply because the interest rates HAVE to be kept low; because otherwise the debt death spiral becomes obvious. The Fed buys treasuries overtly or covertly until the dollar collapses.
I did learn one thing from Schiff’s video cast. (I already knew he was insanely pro-gold) I learned that he does not understand true (Austrian) economic theory.
Hey CFS, Have you actually ever listened to Schiff more than this one video? He pretty much get its and understands Austrian economics pretty well. He is one of the few that does that you ever see on the mainstream media.
Agree Rob. I’m glad PS is doing a monthly video.
Also agree, Rob. Schiff absolutely does not buy Keynesian economics.
ditto………PS………is spot on……..and has been for several years…..
One day he will be right CFS. His track record has been terrible since the GFC though.
Schiff is a shameful self promoter and has trouble finding the off switch at times but he has a great mind for investing and economics. He will see the forest when most others are focused on the bark of the tree. Marc Faber is the same.
I think Schiff and Marc Faber are often misquoted. The mainstream media loves to take one sound bite from them and twist what they say to make them sound like wackos. They can’t stand that Schiff and Faber are usually right.
A better video:
https://www.youtube.com/watch?v=1H4O3NwvuMA
USA Watchdog weekend report.