Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Peter Schiff" channel.

  1. Looks like Peter Schiff was right.
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  2. Silver will go up to $50 when a loaf of bread costs $15.
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  3. He is full of shit.
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  4. Trump doesn't understand economics this is why he went bankrupt 6 times, he sounds like a big idiot.
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  5. Peter Schiff is telling the truth, and Fox has to be a cheer leader for a failed businessman, criminal, and con man!!!
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  6. @Motorcitymadman I have bad news for you. The Federal Reserve will not let banks collapse. If a bank does go under, the Federal Reserve just takes it over and re-capitalizes it. Back in the late 1980s, a lot of banks collapsed due to the saving and loans scandal, and the bank my father banked with collapsed. The FDIC gave my father all his money back in a couple of years. I know a lot of people are hurting economically, and they are frustrated that they aren't getting anywhere economically. They want to escape in a world of fantasy and that genre being the prepper collapse cult. Believing that if the system and civilization totally collapses, I will not have my creditors hounding me everyday, and I will be free. You're debts will stay with you for the rest of your life. If you don't pay your mortgage, the banks will use the law enforcement to evict you from your home with a foreclosure. If you don't pay your property tax, the county will put a lien on your home and seize it in a few years. Banks will get bailed out, because everyone depends on it. As for you, no one gives a shit about you, not even Donald Trump. That is the reality. For most of you who are heavily indebted, your future is very clear when all the bubbles pop. You will lose your livelihoods, you will lose your home, lose your car or cars, lose your wife, lose your kids, and live in the streets. There will be no total collapse scenario where you get to use your Ar-15 on hoards of people. Once you lose your home, all the preps you made will not mean anything. Where are you going to put all your guns, ammo, gallons of water, stocks of food, and equipment. Are you going to put it all in your shopping cart. Preppers think they are smart, but I think they are the biggest idiots out there.
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  7. Trump is pathetic, he is a criminal and conman pure and simple. A one sided deal can only be negotiated if you win a war. Trump isn't in any position of power to ask for such demands.
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  8. Another Trump flipout, he made another tariff because he felt like it. No reason, just because he felt like causing more chaos. This man clearly has dementia, he needs to removed from office!!!!
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  9. Anyone with a IQ of over 90 knows that, so hard core Trump supports must be mildly retarded to still be supporting this con man.
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  10.  @stoneeh  Yes, you can. Since it is a manipulated market, it is easy to predict. Today, the Dow went down 200 points, in a few days it will go up 300 points.
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  11. He went bankrupt 6 times, so this will be his 7th bankruptcy. LOL
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  12. Mr. Schiff, how is there going to be inflation if the money is going to a handful of billionaires and millionaires? The majority or 90% isn't getting this money, and rich people are very stingy people. In other words, most of this money that is being flooded into the stock market is going to the very top. If the masses got the money, we would see inflation; however, if a few people get most of the money there will be very little inflation. For example, if there was $10 trillion circulating in the economy, and 10 people had $5 trillion, 3,000,000 people had $4 trillion, and 300,000,000 had 1 trillion dollars. How can there be inflation? The 300,000,000 people have more debts than they have assets, so they will be busy paying the bills, paying off their debts, paying their mortgage/rent/lease, etc. They will have very little disposable income to cause inflation!
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  13. +notpcone I wouldn't believe everything Peter Schiff is saying either. After all, he told us to buy silver when it was $50/oz. He told us to buy oil when it was $150/barrel in 2008.
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  14. Trumpvilles. LOL
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  15.  Truth  STFU tooth.
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  16. Wouldn't that make Trump's Baby Boomer supporters angry? Baby Boomers rely on their saving accounts to pay them a annual return. If interest rates goes into negative territory, you will be charged the negative interest rate per year. So, if rates moved to -2%, you will lose 2% of your balance per year, and it will compound every year at 2%. In year one if you had $50,000, you will have $49,000 after a year, and next year you will have $48,020 in year two, and in year three you will have $47,059.60. The longer you keep your money in the bank, the poorer you get. In addition to that, this coronavirus will affect Trump's boomer supporters, because it will be fatal to people in that age group.
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  17. Buy it from ourselves.... The reason why manufacturing was automated and outsourced was, because it costs too much to make it here. LOL
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  18.  @BarkusMuhl  companies, corporations, and capitalists in general have different interests than working people. Capitalists want to capture the global market, so they can increase their profits. Workers only care about keeping their jobs. The corporations have the $$$$$, so they can have the laws changed. Back when tariffs were high income taxes were very low. In the 1900s, income tax was as low as 5%. That was offset with high tariffs. Today, income tax is 15% Federal and 15% state, so we have pay about 30% in income tax every year. If you are a business, you can pay less than that, because you can write off a lot as business expenses. If you are a working class stiff, I don't know how you will survive this kind of economic environment. You're still going to pay income tax which is pretty high, you will be hit with tariffs which is just about everything we buy. In addition to inflation spiking up due to the Chinese not buying up our treasuries anymore.
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  19.  @blankjohnson6934  He won't get enough votes to win this time you imbecile, because we know he is a fraud.
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  20. Gold definitely has real value.
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  21. tripletwentyy If you kept your home from 2003 to 2015, it would still be worth more than when you bought silver at $50/oz. Silver lost 71% of its value. If you bought a home in 2007 for let's say $500,000, it is worth about $480,000 today. You would have only lost 4% vs. 71% listening to Peter Schiff poor advice. If you would have invested in the Chinese economy when Peter recommended it to you in 2009, YOU WOULD UNDER WATER NOW. Good advice my ASS.
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  22. Trump is a con man, a professional bullshitter.
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  23. Truth, you are moron. US GDP is about 17% of the total GDP of the world. US GDP is about $19 trillion per year, and world GDP is about $107 trillion per year. The world can do without the USA. Countries in Asia, and Europe can trade with each other. Most of the foreign and U.S. companies that produce things here export it to other countries. Since Trump wants to be isolationist, those companies will have to shift production overseas to get around the tariffs. You must be a trailer park trash, I doubt you even have a college education. LOL
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  24. I thought Trump said, this is the greatest economy in the history of the USA??? LOL
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  25.  @SavageStephen  Why are you here? Go to the trailer park channel where you belong. This channel is for those who wish to invest in the equities markets, and in gold.
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  26. Jack Ripper, I guess you wouldn't mind paying $50,000 for a Ford Fusion then? The supply chain for car parts, electronic equipment, etc are imported. I guess, you wouldn't mind paying $4000 for a I-phone. You must be rich, but I couldn't afford it.
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  27. I have degrees in economics and computer science. I worked in a manufacturing plant a few years ago. Most of the work I was doing was programming controllers, robotic arms, conveyor belts, and automating the processes for manufacturing. After I was done programming most of the machines, the company laid off 800 out of the 900 workers in the plant. People like me who are highly skilled in technology and designing systems that replace workers are valuable.
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  28.  @dannylandrum7899  I think they will become homeless and die from the Coronavirus.
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  29. We had the saving and loans scandal in the late 1980s, I remember. We also had a very bad stock market crash in 1987, and a major stock crash. We had a severe recession from 1987 to 1995. Then, we had a major stock market crash in 2000, and another one in Sept 11th 2001. The stock market didn't go down after the crash in 1987 to 2000. The stock market went up from 2000 to Oct. 2008. The recession is over buddy, the printed dollars will stimulate the economy!
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  30. Tariffs are collected from everyone who buys things made abroad, most things are made abroad. Then, give it to farmers who can't sell their goods due to these tariffs. It is like putting blood into one arm to the other. LOL
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  31.  @Portraofficial  Not really, I just cook most of my food.
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  32. Donald Trump is a big nothing, and a conman.
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  33.  @tonial5789  Not going to happen anytime soon. If you can't pay your mortgage, your home will get foreclosed on. If you can't pay your car payments, the repo man will take your car. If you can't pay your property tax for a year, the county will put a lien on your home and seize it. Before anything like hyperinflation does happen, millions of people will be sleeping on the sidewalk in tents.
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  34.  @frasersamuel2867  Trump is a big loser and a conman. This is why he isn't showing his tax returns.
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  35. @Motorcitymadman If the system crashes, you can't get your money out of the bank. Unless, you are some Hill Billy that lives in the backwaters, most of us need to pay our bills with our bank accounts. We also need to order supplies with our credit cards, have lines of credit, debit cards, etc. We also get checks that we need cashed by the banks, whether you be working for someone or operate your own business.
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  36.  @muddyriverdogz  I am businessman, and for business people. We only care about the bottom line, and that is profit. If it costs more to produce in country A, we will naturally move our production to country B. You can shift the blame on central banks, fiat currency, or whatever. The bottom line is after all the overhead, how much do I get to put into my pocket is what matters. My parent's generation is a bit different from mine. I am a Generation Xer, we really don't have morals. We tend to be amoral. My father's generation being the silent generation care about people. Even the Boomers care about people. They don't have that kind of empathy. When my generation start to take over from the Boomers, you better be worried. People like Jeff Bezos is from my generation, he doesn't give his employees even bathroom breaks. He makes them piss in a bottle.
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  37.  @muddyriverdogz  I have to say it has gotten tougher to make a living. Gone are the days when we could get a job and work there for 30 years and retire. You have to be multi-faceted to survive these days. There is no such a thing as a stable job, stable business, or a career. You have to constantly learn new things, and apply them. Life was so much simpler back in the 1970s and 1980s. One income could sustain a family back then. My father worked, and he made enough to provide for my whole family. Today, the wife has to work, the husband has to work, and in most cases it isn't enough. You have to go into debt. That is American life now.
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  38.  @UnspokenWords2010  I have more gold and platinum than I have silver. I stopped buying gold at about 2012, and I sold 95% of my silver around 2011 to 2012. I am certain that the price of gold, silver, other commodities, and the price of goods will go up. After all, who is stupid enough fund our irresponsible government and it's out of control spending. It will end one day, and when the dollar loses its world reserve status. The dollar will not be worth the paper it is printed on.
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  39. I guess the economy is overdosing on cheap money.
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  40.  @jackmcslay  People like to blame others when they are suffering economic misfortunes. This economy has not recovered for most people since 2008. Unless, you were heavily involved in the equities/stock market, real estate, or asset markets, most people regressed economically. The wages of most people remained stagnant while prices for everything we need and want went up due to inflation. I can understand peoples frustration, and why they would vote for someone like Trump. After all, Trump told the people what they wanted to hear, and after he got into office he doesn't care anymore. The lives of most people will continue to decline, and be more indebted. Indebted, because their wages will not keep up with inflation, so they need to debt and credit to buy the necessities of life.
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  41. Art Laffer is a joke, we call this joker Art Laugher.
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  42. If Donald Trump gives me $1200/month for the rest of the year, I might just vote for him. LOL
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  43. I created the greatest depression ever. That is something Donald Trump can take credit for. LOL
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  44. Looks like Trump will not get re-elected.
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  45. You don't have to own gold, you can hedge against inflation by having other assets, like real estate, equities, and other hard assets.
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  46. If you didn't sell all your stocks in last year then you are a little late. If you are a retiree who depends on a pension fund to cover your retirement then you better learn how to dig in the trash can to find food.
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  47. Trump was and is a con man. He borrowed money from Deutschbank, and sued them after he borrowed it from them. No other bank in the US would have loaned money to Trump, but Deutschbank did. No wonder Deutschbank is almost insolvent now. Giving loans to idiots like Trump. LOL
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  48. The people with government jobs buy stuff in the real economy which props up the real economy. Peter you are such a fucking idiot.
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  49. tripletwentyy He was right about that, but he was wrong about investing in the Chinese economy, buying precious metals, and staying out of the stock market after the crash of 2008. He was wrong on a lot of things, and he was right on a few things.
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  50. tripletwentyy Peter Schiff is telling you to use ALL YOUR MONEY TO BUY PRECIOUS METALS, like gold. What are you going to do if gold drops to $700/oz, and you listened to Peter's poor advice? I'll tell you what you will have to do. You will have to sell your gold at $700/oz to pay your bills. Don't listen to these precious metals dealers, they just want to sell their stuff. They don't care about the consequences which may result from it.
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  51. Bill Janksy You know, Peter Schiff is talking about hyperinflation. He isn't talking about a deflationary collapse. The end result of all these debts will lead to hyper deflation. The debts will have to be paid back with fiat currencies. We are more likely going to see a deflationary depression for years than a hyperinflationary scenario, like in Weimar Germany of the 1920s.
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  52. tripletwentyy He had a debate with Harry Dent, and Schiff said we will have hyperinflation.
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  53. tripletwentyy Since you believe Peter Schiff, go buy gold, silver, stocks, oil ETFs, and other assets. I hold fiat dollars, and we will see who wins.
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  54. tripletwentyy I made a small fortune after the 2008 stock market crash. I put about $150,000 in the stock market after the stock market bottomed out in early 2009. It went up about 3 to 10 times. Some stocks went up as much as 10 times, like Apple stocks. I will make more money after this stock market crashes sometime this year. You fools who bought precious metals will be crying again, like you did in 2009 when silver went down to $10/oz, and gold went down to $750/oz. You people are dumb.
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  55. Bill Janksy Peter Schiff predicted hyperinflation. LOL Where is the hyperinflation buddy? Oil is $45/barrel, your precious piece of shit silver is $14.50/oz. Where is the hyperinflation???? LOL
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  56. Bill Janksy I just can't wait until most of you Schittbots go bankrupt of end up in prison for not paying Federal income tax because Peter Schitt said so. LOL I will be driving pass you people in my Porsche 911 while you people pull your shopping carts full of your survival gear, guns, survival foods, silver, water filters, etc. I will throw you a penny from my car. How life is treating you. LOL
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  57. Bill Janksy I am attacking tripletwenty.
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  58. Bill Janksy ok
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  59. tripletwentyy Your a Peter Schittbot. Peter Schitt said oil would go to $200+/barrel in 2010!!!! Were is oil at how!!! It is $45/barrel. HE WAS FUCKING WRONG!!!
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  60. +tripletwentyy I still have a job, and I work full time in my profession which is in the Information Technology industry. Since I am gainfully employed and I have a future, I don't watch fear porn like you people. It appears to me that you people want a total collapse of the economy, because you lost your jobs, & you people don't have any marketable skills. This total collapse thing is like salvation to you losers. I stockpiled my guns+ammo, processed food, my water filters, my tactical vests, and other gear of that sort. This is like escape or like a fantasy for you people. I hope the economy collapses soon, because I can't handle FUCKING REALITY. I can't pay the bills, I can't pay my mortgage, I can't pay my rent, I can't pay my car payment, I can't pay the utilities, etc. This is why you FUCKING LOSERS want a collapse. If it happened, you have worries. You don't have to worry about being EVICTED from your homes. I ASSURE YOU, YOU WILL BE EVICTED FROM YOUR HOMES IF YOU CAN'T PAY YOUR BILLS. Then, they throw you and your worthless survival gear out of your homes into the street. You can put all of that shit onto your shopping cart and go to skid row with it. LOL
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  61. +tripletwentyy Have you ever tried to use your water filter? Have you tried to recycle your toilet water and drink it??? LOL
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  62. tripletwentyy People like you who want our economy to collapse, so you can trade silver with each other are the ones who need to go to a shrink. 
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  63. tripletwentyy Having a central bank, and a strong Federal government is a good thing. The Federal government is the people, and the government can borrow all the printed money they need. This is great system. If there is a big economic crisis, the government can at least keep everyone fed, so they don't cause civil strife.
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  64. tripletwentyy The Federal government has representatives in the House of Representatives, and in the Senate. These representatives are voted in by the people of the United States of America. Therefore, the Federal government is the people of the USA.
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  65. tripletwentyy We will just a stock market crash and that's it. Everything will be like normal. You will just see higher unemployment, more foreclosures, more layoffs, more bankruptcies, higher interest rates, lower commodity prices, more 401ks and pension funds destroyed, and more people relying on government assistance. That's it. That is what will happen. There will be no hyperinflation. I will just buy everything on the cheap, and people like me who have money will have a good time. People like you who bought commodities and precious metals will go to the poor house. That's it.
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  66. tripletwentyy Senators and congress people are from every state of the union. People vote them into office. It is called a representative government, don't you know what that means. The Senators and congress people hold sessions in Washington D.C. to vote on bills, veto bills, & repeal bills. What is wrong with Washington D.C., you traitor?
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  67. tripletwentyy It is a pity, so may truther morons are so poorly educated on how our government works. You may criticize the average person for knowing too much about celebrities, but I can criticize the TRUTH RETARDS who knows a lot about conspiracy theories know NOTHING about how real things work.
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  68. Bill Janksy Don't argue with crazy people. That is the best way.
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  69. Bill Janksy Your right.
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  70. Peter Schiff got it right. Mt. Gox collapsed around Feb 28th 2014. Bitcoin is a pyramid scheme. The people who got in it early are manipulating it, because they own the majority of the bitcoins. In addition, the quantity of bitcoins are limited, so the people who come in later get trapped. The people who come in later take big risks, for something that is intrinsically worthless. It a pyramid scheme and the people who got in early make all the money. You have a network of insiders, like the people who created it, the people who hoarded it early knowing the value will go up in the future due to manipulation+propaganda, & the people who promote it. It is a conspiracy. Max Keiser promoted this bullshit, like he promoted buy silver and crash JP Morgan. He promoting bitcoins, because he is pumping it to dump it. Don't be a fool holding the bag.
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  71. Hey Peter, I am kind of enjoying these low prices. I am enjoying the 25 to 30% off on sales, the low gasoline prices, the low gold prices, etc. I will buy some gold when it drops to $900/oz. I can do more driving. and at the end of the day, I have more awesome Federal Reserve Notes in my pocket!
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  72. Peter Schiff stop lying.
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  73. Pricing are rising? How much is the price of a barrel of oil? $45/barrel. How much was it in mid 2008? $149/barrel. Schiff is wrong on inflation!
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  74. I am sure individuals who lose their jobs and their homes will be able to survive. They will move in with other people, and they will take a menial job that pays $9 to $10/hr. That is how they will cope with it. They won't get violent.
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  75. This isn't new, politicians make promises, and they break them. Donald Trump is no different.
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  76. What happened in 1980 when silver reached $50/oz, and all the sudden it dropped to $5/oz?? Certainly, the silver mines were producing silver at over $5/oz, so they month balled a lot of silver mines. Simple. The same thing will happen to your gold mines. You are ignorant of recent history. Back in the 1990s, a lot of people thought the U.S. economy was going to crash, but did it? The difference between 1987 and 2008 was that people had internet in 2008, and in 1987 they didn't.
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  77. LOL
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  78. That may be true; however, the money you make there is real. That is why you need to buy stocks! If you know the stock market is rigged, it isn't a bad idea to get some free money. This is why having a central banking system is a good thing.
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  79. How much is 1 lb of steel in 2013, and how much was 1 lb of steel in late 2008? In 2013, 1 lb of steel is 10 to 12 cents. In 2008, it was about 15 cents a pound. How much was cotton in 2008, and now? In 2008, 1 lb of cotton was $2.35. Today, 1 lb of cotton is $0.79. So, cotton is cheaper today than it was at the height of the crisis. Also, cotton is cheaper than steel, so they will still use steel to make a bridge! : P
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  80. Everyone does not have a college degree, the % of Americans who have college/university degrees is about 34%.
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  81. Donald Trump did everything Andrew Yang, and Bernie Sanders wanted to do, like free money for people, and socialism for all!!!!! LOL
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  82.  @sleepyfish  What do you mean about he did EVERYTHING?
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  83. There isn't anything wrong with having some supplies, & a way to protect yourself in case a natural disaster happens. I don't think there will be any political collapse unless something catastrophic happened. If a natural disaster did happen, the authorities will be there to assist you in days or a week at most.
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  84. In your dreams.
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  85. The only thing you are going to see in the near future for most commodities and goods in general is DEFLATION. If I am lying, just look at how much gold, and oil went down today? Gold went down $88.00/oz today, and oil went down more than $2 a barrel. Even the founding fathers said, if central banks ever get control of the country, the people will be impoverished through inflation and deflation. We had the inflation, and we are getting the austerity and deflation now.
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  86. Well, it's a fact, people who have less than a 4 year Bachelors degree have a higher rate of unemployment. You people are pathetic, you actually believe there is going to be a economic collapse. It won't happen. The only thing that will happen are people who bet on the system going down will be the ones who will go down. The government and central banks can print and borrow as much as they want. Buying gold or silver isn't going to do anything, it will only make you poorer.
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  87. I am going to buy more platinum and gold.
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  88. So, they are going to tax it out of our hides? We pay income already, and paying more taxes will only be a bigger burden on the public at large. We also have to pay for Obamacare which is another tax.
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  89. Truth, we already pay a pretty high income tax of 30%, and we have to pay tariff taxes on top of that? You are being double taxed. This means Trump is a fucking idiot.
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  90. I hate Trump because he a fucking idiot.
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  91. Truth, I am not a homo. You don't know anything about me. In one year from now, the economy will crash, I said it here.
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  92. Foreigners ship us their goods, and the U.S.A. gives them U.S. dollars. However, these foreigners can buy American wheat, rye, cotton, coal, rice, millet, oil, palladium, copper, lead, iron ore, silver, gold, jet engines, aircraft parts, small arms, munitions/ordinances, chemical fertilizers, automobiles, chemicals, concrete, medical equipment, medicines, beef, pork, chicken, movies, franchise goods, aircraft, helicopters, real estate in the USA, productive land, manufacturing machinery, etc.
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  93. Donald Trump put Powell there, so are you saying he is obeying his master Donald Trump?
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  94. You can't prove that this so called shadow government exists, it is just a conspiracy theory. Jerome Powell is not Jewish by the way. Trump put him in there.
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  95. If this so called Shadow government did exist, Trump wouldn't be president. He is, so that is proof that the deep state does not exist.
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  96.  @richiefranklin76  Which candidate do you believe is not a deep state candidate?
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  97.  @richiefranklin76  It is a pity there are so many sellouts out there. They promise the people great things, and all we get is bullshit. Trump is no different.
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  98. Maybe the people in the USA should form a 3rd party, and they should call it the People's Party. They should call it the 99er. Certainly, there are more regular common people than evil corrupt people who benefit from the system. The people can take their government back, and make life more tolerable for the masses.
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  99. Where is your gold and silver price now, you conspiracy theorist douche bag? Truthers, conspiracy theorists, collapse cultists= DANGEROUS ZEALOTS AND TERRORISTS!
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  100. "Pretty soon, it will not be worth a Federal Reserve note", LOL!
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  101. Fake boom.
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  102. A weak dollar is good for U.S. exports, it is good for American industralists and manufacturers. U.S. products are more competitive in the international or global market. The U.S. can sell more raw and finished goods, and this would bring us out of a trade deficit over time.
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  103. Trump is a bullshitter. If the data doesn't make Trump look good, he will call it fake. This kind of bullshit is no different than living in North Korea, Stalinist U.S.S.R. Nazi Germany, fascist Italy, or any other totalitarian state. If you disagree even if you have the facts, you will be killed or put in some concentration camp. Trump is clearly delusional, he needs to be removed from office. He is just an old man who has dementia, and needs to retire. He is TOO OLD!!!!
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  104. The problem is the average Joe and Jane doesn't know anything about precious metals. The average person is concerned about American idol, what Justin Beaver did, what I am going to eat tonight, what clothes are fashionable, the latest i-phones/gadgets, sex, and other meaningless things. From what I can see, there is no shortage of silver or gold by most bullion dealers. You can buy 1000 oz bars of silver, and 100 oz bars of gold without a problem. Its obvious, most people don't care about it.
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  105. Only if interest rates go up.
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  106. When gold or platinum goes to $900 or $1000/oz, I will be buying more for sure. I did buy a significant amount at higher prices than now, but I will just hold that. I will think of it as my retirement fund money. I would love to pick some more up below $1000/oz for sure.
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  107. All this fear of war in the Middle East is driving up oil and gasoline prices. The people who are in the futures market are driving it up with all this fear of war. All this printed money is jacking up the price of oil. They should outlaw speculators in the futures market.
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  108. "All this talk about an economic recovery is a fantasy.", LOL!
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  109. Art Laufer is an idiot, we can just laugh at that clown.
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  110. Trump steaks are nasty. LOL
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  111. This total economic collapse is like a wet dream to you people isn't it? It will work for people. If they get violent, it will mean one of three things. Death, starving to death, or imprisonment. Who is the government? It is the people. I would trust the U.S. army, and I would never trust militia types like you.
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  112. Sounds about right.
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  113. Oil was $19 to $20/barrel in 2000. Gold can go down $1100 or lower. Back in 1980, gold was $850/oz, and it dropped to $350/oz for about 23 years! People who are 16 years don't work, the legal age for working is 18. You cannot get a full time job until you graduate from high school. I had gold, and I rolled it into palladium. I rolled some of that into stocks, real estate, bonds, and put that in the bank also. What's wrong with fiat money. Everyone knows its money, cold hard cash.
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  114. Looks like the sheep people were right. There wasn't anything to be worried about. Late 2008, and early 2009 were just great buying opportunities. If you loaded up on stocks, real estate, and other real assets, you would have made a fortune. The doomsayers who stockpiled food, water, & survival gear are regretting what they did. The people who bought tons of ammo, made a ton of money if they sold it at inflated prices in early 2013!
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  115. We shall see if precious metals go up when the market sells off....
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  116. If you have gold in your safe, you will still have it after 50 years. For Bitcoins and cryptocurrencies, you don't know what will happen to it in 2 years.
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  117. I said, "There isn't anything wrong with CERT". I didn't say it was a anti-government militia. I know CERT is a government sponsored group. I also know conscription in times of national emergency is also legal. You don't need private militias. The militias the founding fathers were talking about are the armed forces of this nation, the national guard, and all law enforcement agencies.
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  118. Peter Schiff has a good point. The Chinese will no longer buy U.S. treasury bonds with the trade deficit money. LOL This means we will have hyperinflation. LOL
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  119. Peter Schiff is right. Peter is rational. Unfortunately, the black community is very emotional about this, and they refuse to see this as what is. It is a self defense case, it wasn't murder.
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  120. Other countries buy more than just food from the U.S., Boeing A310s, 727s, 737s, 747s, 777s, etc are all used by just about every international commercial air service. American medical equipment, & medications are used by almost every country. The U.S. F-15s to Saudi Arabia, S.Korea, and Israel for billions. 1 F-15C is worth about $35-$50 mil, and 1 F-15E is worth $65-$100 mil. The U.S. also has tons of natural resources, like oil, coal, copper, lumber, uranium, etc. The U.S. is still powerful.
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  121. They had been automating US factories since the 1980s, it isn't a recent event.
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  122. Krugman is giving the wrong medicine, he is giving the medicine to coverup the symptoms.
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  123.  @twincherry4958  All I know is that this stock market bubble will pop, and a lot retirees are going to get hurt.
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  124.  @twincherry4958  Old people are going to get hurt financially, and if they get this virus they have a 8 to 15% chance of dying from it.
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  125.  Truth  Tlooooth doesn't understand basic mathematics. He doesn't understand how a negative % rates work.
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  126.  @twincherry4958  It was the Baby Boomers who are Trump's core supporters. Negative interest rates will hurt retirees. If their investments don't pan on, I guess they will have to go back into the work force. Imaging 66 and 75 year old people heading back to work.
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  127.  @twincherry4958  Less and less people who are 65 and over are able to retire these days.
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  128. Most people are just frustrated because they can't find a good paying job. Even though that is true, you can always make money if you invest it wisely. The economy will never collapse, but individuals will collapse. To them, it may seem like the end of the world, but to others it is just another day. The sun will shine, and it is business as usual.
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  129. The price of everything goes up when oil prices go up, because everything has to be transported.
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  130. I am not a survivalist, nor a prepper. I initially bought into this economic collapse stuff back in late 2008, 2009, and 2010. I am young, so I was naive. Now I know better. I am not a liberal who doesn't believe in owning guns. I just see things for what they are. If the Fed government can borrow endless amts of money, there will be no collapse. The big corporations, Fed government can prop up this economy for a long time.
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  131. Gives a new meaning to gold card, LOL. They should make one out of platinum as well, LOL.
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  132. The problem we have now is deflation, so inflation is the cure. Mr. Greenspan got the U.S.A. out of the stock market of 1987, he also got us out of the stock market crash of 2000. Printing it, is the answer. You will always have money if you buy and sell stocks, I have. I've been buying stocks since 2009, and I am a multi-millionaire now!
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  133. Krugman has been right, by printing money, the economy is being reinflated. The real estate market, stock market, and the job market are slowly coming back. Print it until we get out of the recession, like in 1987, 1999, and 2008!
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  134. How can you know when you are going to get into a car accident are you a psychic? Besides, Peter's been wrong about hyperinflation. Oil was $150/barrel in 2008, and it is about $96.86/barrel today. All I see is a deflationary depression if the Fed Reserve doesn't keep interest rates low. The government is doing everything to prevent a depression which Peter calls the hard medicine.
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  135. American companies and corporations have to compete against foreign competition. That is why they were and are outsourcing. If German, Japanese, Korean, French, Spanish, Indian, Taiwanese, and other companies that compete with U.S. firms use a lower labor input, and American companies are forced to pay the highest wages in the USA. Do you think these American companies aren't going to go out of business? After all, they have to compete in the global market.
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  136. Jack Ripper, factory jobs are automated, so unless you have a engineering degree, a degree in computer science, or other technical skills. You ain't going to get no factory job bubba.
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  137. Jack Ripper, my I.Q. is about 145, and I don't have autism. People like me are valuable to corporations and big companies. People who can program computers, robots, controllers, and other things are helping to displace millions of American workers everyday.
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  138. Michiel Van Kets, you can have a job in this economy. Just learn how to program computers. Learn how to program electronic devices and controllers. It isn't hard. In this modern world, we just don't need a lot of humans to do jobs.
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  139. Michael Van Kets, so you think Trump's policy of imposing tariffs on other countries to bring back jobs will actually work? I don't think it would work. It costs too much to produce in the USA, the cost of labor is too high. Plus, most of the parts for machines are produced in other countries to bring down the cost. Besides, the U.S.A. isn't the only market for goods. Global GDP stands at $107 trillion, and the U.S. economy accounts for $19 trillion, so that is about 17%. You telling me, if you produce products in the USA, you don't have to export it to other countries? The U.S.A. can absorb the excess of goods produced in U.S. factories and manufacturing plants???? Let's say you have excess production, and you try to export it. Ok..... The U.S. imposed tariffs on a lot of countries, so if they export stuff from the U.S.A. they are all hit with tariffs. These products being hit with tariffs will mean they will be more expensive when they are exported to the international markets. People will buy less of them, because they are not price competitive. The deregulation stuff is good for business, but Trump's idea of starting a trade war will only hurt the USA. You can produce things in the U.S.A. under Trump's plan, but it would only be for stuff that is sold in the USA. Therefore, companies will move more production overseas to avoid the tariffs. As a result, more American workers will get laid off in the long run. If you have companies that have all their production in the USA, they will become stagnant. Because they can't export their goods. They may even go bankrupt, because they can't compete in the global market. You have other foreign companies, like Volkswagen, Toyota, Samsung, Mercedes Benz, BMW, Hyundai, etc having access to cheap labor, and not impacted by the tariffs. They will invest more of their money in other countries, like Vietnam, India, Thailand, China, and other emerging markets. U.S. companies will get shut out of those markets. LOL
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  140. Trayvon Martin was a thug, and Zimmerman defended himself.
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  141.  Truth  STFU tloooth.
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  142.  Inferno  Tloooth is a troll, ignore him and say so to him.
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  143. Oil prices are so volatile that it has been going down for the past 5 years. It is going down because the economies around the world are slowing down. The Chinese economy is slowing down, and they will be in a financial crisis in a few years. Exports are dropping, and less resources are used. When I mean technology, I am talking about automation tech. Many corporations spend billions on streamlining their factories, warehouses, farms, etc with machines. More unemployment means deflation.
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  144. Welcome to Trump's America where you can be irresponsible, incompetent, stupid, and get rewarded for it.
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  145. I think Trump is going to get a heart attack. He will tell Mr. Powell to lower it to negative -2%. LOL
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  146. There is no massive inflation now, it is about maybe 8 to 15%.
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  147. As long as the government has an infrastructure, electrical grid, a standing army, air force, public welfare system, and other safe guards, there will be no violence. If there are trouble makers, they will be dealt with swiftly.
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  148. They are all crying in their rooms. LOL
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  149.    We have a lot of bubbles now, and cryptocurrencies is just another bubble. As you can see, a lot of these bubbles are popping, like the stock market bubble, the student loan bubble, the car financing bubble, the bond bubble, etc. These bubbles will all pop eventually as interest rates keep rising. The only thing that will save you are 3 things. 1. If your home is paid off, you will be better off than most people. 2. If you don't have any debts, and stable career, business, or a job you'll be fine. 3. If you saved up a lot of money during the boom times, you can relax for a few years. This coming recession will last a few years for sure. You can use some of that money to buy assets like depressed stocks, real estate, etc.
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  150. In capitalism, stupid people lose all their money and end up homeless. In evolution, the species that can't adapt goes extinct.
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  151.    Like I said, capitalism is about taking risks. You can invest in stupid things and lose all your money in a capitalist economic system. It is all about buying and selling things. You can sell people crap like Bitcoin, Cryptocurrencies, junk bonds, defective crap products, and the only people who will be laughing themselves to the bank are the people who sold these trash assets to people. The people who bought it will be crying, have broken families, end up destitute, and homeless. That's reality.
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  152.    con artists are good at telling people what they want to hear. They go after people who are in distress, and pretend to sympathize with them. The stupid people who believed these con artists only realize their pockets were picked after they find their pockets to be empty.
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  153. China will buy up US real estate.
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  154. Alex Jones is a tinfoil hat conspiracy theorist what do you expect, and he is a die hard Trump fan as well.
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  155. We do have a militia in the U.S.A., it is called the National Guard.
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  156. The middle class was a recent phenomenon. Throughout history, you had only two classes of people, the dirty poor and the filthy rich. It is your choice, you can become rich or you can be left behind. I am going to ride the market and make my fortune. You can hope for the collapse that will never happen and become impoverished.
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  157. Hyperinflation will happen when foreign treasury bond holders decide to sell all their treasury bonds. Then, the US will be in a very vulnerable situation, the Fed Reserve can print all the money they want and bail out every single person, and bail out every failed institution, but this money will not buy much. A lot of stuff we use is imported from other countries, and the price of those goods will go up a lot. This will lead to the US dollar no longer being the world reserve currency, and when that happens the cost of all imported goods will no longer be cheap. We don't even have shoe factories, textile mills, semi conductor foundries, electronics component manufacturers, etc. If you want to buy a smartphone, it will become a lot more expensive to buy, because the money has been very undervalued. In addition to that, you have high tariffs thanks to Donald Trump, so the price of those imported goods will be 30% more. We need parts for tractors, farm machinery, machinery in automated factories, parts for automobiles that are assembled in US assembly plants, parts for automobiles, electronic components to build more complicated machines, etc. If you don't get those parts then the whole economy will stall. The price of those things will go up a lot, and that will be passed on to the consumer.
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  158.  @tonial5789  Most of that money is going to be paid out to the same incompetent corporations who caused this mess. The government is rewarding stupidity, incompetence, and greed. As for the regular people, they will just give us enough to just get by. If masses of people can't get enough to eat, people will become crazy and violent. You cannot have that now can you.
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  159.  @tonial5789  I wouldn't be surprised if the government sends everyone a $1000 check per month when this next great depression hits. When people get desperate, they will do crazy things, especially in a country where you all these small arms. You would have to buy an armored personal carrier to go to the grocery store. LOL
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  160.  @tonial5789  In America, you have big fat people who will think the world has ended if they can't eat for one day. If they don't eat lunch, they will probably eat other people. You never seen a hog in the wild have you? A hog will eat anything, just like these big fat people.
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  161. Bitcoin is a store of value. LOL
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  162. It is all very simple. Money is debt; therefore, if you create more liquidity in the economy everything will get better. Will there be hyperinflation due to the increased liquidity in the economy? Only if productivity is very low, but this is not the case in the United States. The GDP is higher than any other time in US history due to technology. So there are no problems, they can increase the debt ceiling every time, and we will have no hyperinflation!
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  163.  Truth  Stop trying to project your pathetic excuse of a life on everyone. Just because you collapsed economically, doesn't mean everyone will collapse like you. People who didn't get themselves into excessive debt, paid off all their debts, and saved their money will survive this. They may even thrive by being able to buy undervalued assets. It sounds to me, people like you have a lot of anxieties due to the fact most of you doomtards were probably the most financially irresponsible people out there. Just because you lose your livelihood, lose everything you own, and end up in the street isn't EVERYONES problem. It's your own problem.
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  164.  Truth  It seems like people who are really not doing well economically are very angry and want to blame everyone. They want to take everyone down to their level. Is that why people like you voted Trump? Just because you people are fucked, you want to take down the whole US economy. You want us to be destitute like you, right? You want this whole economy to collapse. Isn't that why you people are drinking yourselves to death, taking drugs to numb away the pain?????
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  165.  @staffananderstig4821 nope, we will have to buy made in India, Nepal, Vietnam, etc. As for electronics, we will still be buying made in China, because they have all the infrastructure and technical know how.
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  166.  @shortfuseband  you know what, when we head into another recession, we all know who to blame. We can all safely blame Donald Trump. Peter Schiff is quite an intelligent guy, he knows Trump will not be win the 2020 election. You're fake president will only be a one term president, he can blame everyone he wants for the coming stock market decline and the recession that proceeds it. We all know Trump caused it.
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  167. That's false, because we had recessions before we had a Federal Reserve Banking system. Panic of 1785, Copper Panic of 1789, Panic of 1796-97, recession of 1802 to 1804, Depression of 1807..... Panic of 1857, recession of 1860 to 1861, Panic of 1873, etc, etc. Lastly, the Panic of 1910 to 1911, which led to the creation of a central bank of the USA aka Federal Reserve Banking system. You people are really very poorly educated and ignorant of real history. You just cherry pick what you want from history. You will always have recessions in a free market economy, it happened before we had central banks. We had many depressions, and recessions in history, yet we survived through all of them. People who were over leveraged lost everything, so what. People make dumb choices, they suffer the consequences of those bad decisions. Stop blaming other people for your problems loser. This is why losers like you voted for Trump.
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  168.  Truth  is your name Truth or TOOOTH. LOL
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  169.  Truth  my name is tooooth, and I know the toooooth. I told people to prepared for a total collapse scenario for 10 years. Never happened. All the financial advice people like tooooth gave to people turned out to be not! LOL
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  170.  @shortfuseband  you're a stupid troll. Lisa, just ignore shortfuseband, he is a loser troll who lives in his mommy's basement. The best way to counter trolls is by ignoring them. They are already ignored by society, so we can ignore them here as well. LOL
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  171.  @shortfuseband  it isn't my fault, you are a stupid and incapable of being successful.
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  172. They voted for this bill, because Donald Trump told them to do it. LOL
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  173. Blockchain and cryptocurrencies are two different things. The Blockchain technology has its good points, but it also has bad points as well. The good points about Blockchain is that you can use a decentralized network of computers to get a confirmation. The bad point is that you can't delete this information once it is entered into the blockchain. The information that was entered can be wrong, and there is no way to delete that info. Since the blockchain is public, private records can be hacked, and everyone can view it. That is why a centralized network is better, because you can easily delete the information or change wrong information. You can secure it so it doesn't become public. This can't be said about blockchain technology.
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  174. You can believe whatever you want, but reality is reality.
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  175. I don't trust private militias, because I don't know what they stand for.
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  176. Bitcoin cannot be manipulated by any government; however, it can be manipulated by the people who hold the majority of Bitcoins. LOL Governments can tax you heavily, but the average person in the street can screw you also. If you get snared into a pump and dump scheme, you can lose a lot of money. LOL
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  177. that is why you should buy stocks.
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  178. I believe it, because I am living in it. The economy really is getting better, the unemployment numbers are going down, more homes are being sold, more cars are being sold, more stuff is being produced in the U.S.A., the stock market rebounded, gold+silver are being crushed. Welcome to the recovery!
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  179. Bitcoin doesn't come close to gold in anyway. LOL
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  180.  @MrB1923  no government in this world will take it as payment for their taxes. No bank will accept it as a debt payment. What can you buy with it?
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  181.  @MrB1923  If your Bitcoins get stolen, you can never get it back. If someone stole my credit card and used it, I can call the bank, and they can do a charge back. This is because there is arbitration. Anyways, the exchanges where you put your Bitcoins are regulated, so you better provide all that paperwork to the government at the next tax season. If you don't, the IRS will simply audit you, and you know the IRS right? There is no due process with them, you are guilty until you prove yourself innocent, not the other way around. The IRS can look into your credit card history, bank history, find out how much you deposited into coinbase, your bank account, etc. All they have to do is subpoena for those records from the cryptocurrency exchanges or your bank. If you bought a $100,000 car, the auto dealer is required by law to report any transactions over $10,000. There is no escape.
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  182. If the Fed reverses policy to cut rates, we will just have higher inflation. Either way, you will pay for it. $6/gallon for gasoline or raise interest rates.
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  183. It is true Herr Lamia, the weather has been strange around the world, and this does affect corp production.
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  184. How much is 1 AIM-9 Sidewinder missile? $50,000-$60,000. How much oil does the U.S. have? The U.S. has more than 1 trillion barrels of oil if you add up the shale reserves. How much is 1 F-16 fighter? $16-$20 million. How much is 1 Boeing 747? $248 to $350 million. The U.S. produces things of high value, and it has tons of natural resources. The U.S. will be fine, you'll see.
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  185.  @Leeyouno  I guess, I was wrong.
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  186. Militias in early colonial America were used for the following. Put down slave revolt, fight Indians, used for policing, fight foreign invasion, etc. They didn't have a strong national army or a police force in the early period of the U.S.A.. In the early days of the Roman Republic, you had a militia system like in the USA. Every man had to buy their own weapons for the collective defense of the city state.
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  187. Max Keiser is a conman, he was telling people to buy silver to crash J.P. Morgan. That never happened. He just pumped up the price of silver and dumped it after it went up to $50/oz.
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  188. You just don't understand how fast robotics and computer technology is advancing. There will be automated drones in a few years from now. You have aircraft that can land without a pilot, it would take about a decade before AI exceeds human intelligence. You will see humanoid robots in a decade if not sooner.
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  189.  @muddyriverdogz  The US dollar became the world reserve currency after World War 2. Remember, the US won World War 2. Tariffs and duties were relaxed after World War 2. Tariffs were gradually replaced with income tax. Prior to Trump, we had high income tax, and almost no duties or tariffs. Now, you still have high income tax, and Trump is pushing for higher tariffs. Something has to give, or you will have people literally not having enough money to provide for themselves. They can use credit cards and debt to an extent, and these will eventually have to be paid back with interest.
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  190. Hey, I have a family to support, and others do too. If you aren't contributing to that, be quiet.
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  191.  Actual Scientist  Gasoline would have to be $8/gallon when that happens.
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  192.  @scabu3  In today's money $50 in 1980 is equivalent to $156.50. $1 in 1980 is about $3.13 in purchasing power today. Silver hasn't kept up with inflation. On the other hand, gold was $800 in 1980. In today's money, gold should be $2504. Gold also didn't keep up with inflation. If you bought Toyota stock in 1982 when it was $14/share, and today it is about $127. If you invested $50,000 in Toyota stock, $50,000 in silver, and $50,000 in gold. Toyota stock = $453,571 silver = $23,000 gold = $116,250 kept it in cash = $50,000
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  193.  @scabu3  No it was not. A loaf of bread in 1980 was about 50 cents.
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  194.  @scabu3  A loaf of bread in 2020 costs about $5.00. A loaf of bread in 1980 was about 50 cents to 75 cents. Silver was never a good investment. You could have made much more money investing in stocks, or investing your time learning computer programming than investing in silver.
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  195. The only way for the economy to totally collapse is if we had World War 3, or a devastating natural disaster.
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  196. Peter, most of these broke ass millennials can't afford to buy an ounce of gold.
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  197. Trump is a flip flopper.
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  198. Regulations are the root cause of people being replaced by machines? You can't halt technological progress my friend. Once someone invents the better mouse trap, everyone will start to use it. I am sure regulations have a part to play, but it isn't the sole reason. They will be replacing Chinese workers with automated machines in the near future.
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  199. Most of those dollars are in East Asian countries that have very high population densities. A country like China has about 1.2 billion people, and China might have about $2+ trillion in U.S. bonds or more, but what is $2 trillion over 1.2 billion? That amounts to $1666 per person in China, and that isn't a lot. China, Japan, S.Korea, and Taiwan needs the U.S. to buy their goods. In turn, they buy oil, natural gas, agricultural prod, timber, minerals, medicine, heavy machinery, defense equip, etc
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  200. It is so predictable isn't it. LOL
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  201. If these foreigners bought up U.S. real estate, it would really bring the housing market out of the slump it was in from 2007. The price of real estate would sky rocket. Let's say there are 400,000 homes worth about $3,000,000 each, there are about 40 million homes worth $300,000+. Can $7 trillion handle it? The sum of all those homes are worth about $13.2 trillion. That is excluding commercial real estate.
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  202. The GDP is high due to technological innovations, but it isn't shared evenly with the average person.
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  203.  @Standinthegap0  The productivity is really that high, but workers have getting more productive due to technology. Most factories and manufacturing plants in the USA are highly automated with computerized control systems. Even the US postal service uses machines in sorting facilities.
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  204.  davidb693  Yes, I heard about Andrew Yang. The point is, the GDP numbers are real. You can be very productive with computers, computer applications, and algorithms. You really don't need that many people. A lot of people believe we don't produce much in the USA, but we actually do. We produce a lot of the things we need in the USA. People in America believe they are the center of the world, and just because I am not working means the economy must not be productive. That is a false notion.
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  205. It is making the stock market go up, and this isn't a real measure of the economy.
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  206. Not really. If these gold and silver bugs are so right, why is gold and silver going down so much? It's really simple, silver isn't money, and gold is sometimes money. What do you expect the government and the central banks to do??? Just let the economy crash into a greatest depression? The banks want to lend money to jump start the economy, and the government wants to see more happy faces :) .People like Wrong Paul, and these anarchists want to see the whole system crash and burn.
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  207. That's pretty neat. Gold the size of a credit card. Fits nicely in your wallet, LOL. It would be ideal when your traveling abroad.
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  208. Michael Moore is such a fat Marxist loser.
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  209. The money we had back in 1941 was backed up by GOLD. In 1971, the US dollar was no longer backed by GOLD, so there is no limit to how much money we can print.
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  210. Donald Trump was a Democrat most of his life, don't be fooled by Trump that he believes in Republican ideals, because he doesn't.
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  211.  Truth  STFU troll.
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  212. The company I work for use a lot of computers, like servers that cost anywhere from $5000 to $10,000 a piece. If there is a trade war, computer equipment prices can skyrocket.
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  213. No need to do that. Factories and manufacturing plants have become highly automated. The need for low wage and low skilled workers is coming to an end. Modern factories and factories of the future will use fewer and fewer people. You will have a plant with some essential workers, technicians, technologists, and engineers running plants which previously hired thousands of people.
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  214. Yeah right.
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  215. There is no such a thing as the deep state, you conspiracy theorist kook!
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  216. Yet, you can't provide a single shred of proof that these so called invisible people exist.
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  217. The F.B.I. has solid evidence to prosecute Robert Cohen. They will more than likely do a plea bargain with him to get more information to help them in their current investigation against Trump.
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  218. You are the one who is insisting that they exist, and to me they don't exist. To me it doesn't matter, but to you it matters.
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  219. I majored in mathematics and computer science, I don't believe in conspiracy theories. Science is about hard facts, there is no such a thing as believing in or belief. In science, you have to prove things with experiments. I can't say I believe the deep state exists. I can't believe the theory of gravity is real, I know it is real, because you can prove it with experiments empirically. You need to put your faith in belief, because it is all bunch of nonsense. This is why I have a real career that pays a 6 figure salary, and you are a conspiracy theorist.
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  220. It seems to me that the truther movement has a wet dreams of hyperinflation, and they had been talking about it since 2007. You people have been talking about it for 6 years, and there is just modest inflation. I do have gold, and platinum but it is only like 20% of my assets. I am well diversified in businesses, stocks, bonds, real estate, fiat currencies, etc. Listen. Central banks can control inflation by raising interest rates, and in deflationary times they can lower interest rates.
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  221. Trump is a joke and a conman.
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  222.  Natural Man  You have been brainwashed by maga, you maggot.
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  223.  @dmr7  That is if he wins in 2020.
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  224.  Natural Man  We will see.
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  225.  Natural Man  When the stock market crashes, Trump will get blamed for it. Are you going to blame Hillary Clinton for this? LOL
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  226. Interesting, I can carry some of these cards along with credit cards, and cash when I go on a trip.
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  227. When you can keep holding your gold and silver until gold goes down to $950/oz and silver goes down to $18/oz or lower. I will buy real estate, buy a real business, and make a monthly revenue in fiat money. I will buy gold when it is at rock bottom prices. No one cares about gold or silver, the average person wouldn't buy a silver 1 ounce coin for $1. Mark Dice made a video about it. The money that is printed doesn't go to the average person, it goes to a handful of people. No hyperinflation.
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  228. I do own gold, and I do regret buying it at $1600/oz, and $1700/oz. Gold is a timeless element, it never rusts, corrodes, and it is eternal. I would love to buy more gold at $900 and $1000/oz.
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  229. There will be other jobs created as a result of computerization and automation. There will be a demand for people who fix, maintain, and service these machines. The big corporations made billions of dollars in investments in automation. The small businessman can eat crow, they will be pushed out of the market. They have no real access to credit , but the mega corporations have corporate welfare, and they can borrow money at nearly 0%.
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  230. You can't buy much with Bitcoin, it has no damn utility. Steam stopped taking it around December of 2017, and Microsoft stopped taking Bitcoin as payment quite recently. Not many merchants take it, so it doesn't have much utility.
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  231. You don't understand economics. The U.S. produces enough wealth. Foreigners come to the U.S. to buy high end real estate, and many people want to come and live in the U.S.A.. U.S. produces a lot more things than I can put in this comment bar. The foreigners aren't going to dump those dollars, they will use it to buy something of value. They will buy U.S. businesses, land, real estate, defense equipment, natural resources, automobiles, commercial aircraft, livestock, etc..
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  232. What will happen if reducing interest rates to 0% still leads to a stock market crash due to massive corporate debts?
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  233. As for the money flooding the economy, it won't happen. Most of the money will be in the hands of a few billionaires, and many millionaires. More money in the hands of a small percentage of the population will block hyperinflation. As for the majority, who are probably down on their luck will only get enough money to survive.
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  234. The trade deficit doesn't matter, because the countries the U.S. trades with buy U.S. treasury bonds. They will try to inflate the value of the dollar, because it makes their goods cheaper. The point of propping up the dollar is to keep their people working. At the same time, wealthy foreigners come to the U.S. and buy high end real estate. These countries that trade with the U.S. can buy stuff they need from the U.S.A., like chemical fertilizers, agricultural commodities, etc.
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  235. That is why the economy will never collapse. Hyperinflation will not happen either, because it is the Federal government that is propping up most of the economy.
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  236. I am not insulting or looking down on anyone. I am merely saying people will get by. Besides, people won't get violent, because they will get their EBT cards. As long as they aren't hungry, people will not get violent.
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  237.  @shortfuseband  I never went bankrupt loser. I know a lot of people who voted for Trump are losers.
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  238.  @shortfuseband  losers are good at blaming other people for their problems. They never reflect on themselves, so they lose again and again. They believe in delusions, like if I buy silver I can crash JP Morgan. If I buy Bitcoins and cryptocurrencies, I can stick it to the Central Banks. If I spend my life saving on survival foods, guns, ammo, silver, and other useless things, I will be prepared for a total collapse or SHTF scenario. Blah, blah, blah, nothing people like you ever believed in ever happened. Most of what people like you said amounted to bad financial advice for the people who followed that advice. LOL
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  239. If both sides can agree on that then we know it is the truth.
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  240. There is no need for cheap labor, it can be replaced by robots. 10 years from now, we will probably have soldiers and police that are robots.
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  241. You have to gauge inflation with the cost of commodities and goods. A gallon of gasoline was about $1.00 in 2000, and today it is about $3.50 to $4.00 per gallon. A barrel of oil in 2000 was about $20, and today it is about $94/barrel. The Dow was about 10,000 in 2000, and today it is about 14,500. The Dow should be 35,000 to 47,000 now. If you kept you money in stocks for the past 13 years, and you didn't make a return of at least 400% you lost money.
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  242. You will see a lot of inflation in a few years from now, but it will come in the form of a bubble for something.
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  243. There is no way outta this without PAIN. If the Fed increases interest rates, we will have the greatest deflationary depression in the history of the world. If they keep interest rates at near zero, we will have high inflation somewhere down the road. We are at the point where, you are damned if you do, and you are damned if you don't. A deflationary collapse, or a inflationary collapse, you choose.
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  244. Printing money does make the deflation problem go away, and loaning out printed money at very low interest rates helps reinflate the stock market and the real estate market. It works, and it looks like there is no more economic crisis anymore.
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  245. This gravy train is over. The Chinese buying up our debts is over. Interest rates will begin to spike as a result. We will probably go through a major recession.
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  246. If you put 90% or all of your investments in gold and silver, you better have enough money to survive on when it they go down 50% or more from when you bought it. If you don't, you will have to sell it at rock bottom prices to just pay your bills and cover for cost of living expenses. That is the truth. Since I still do have a job, I didn't put all my money into gold/platinum, I will just focus my attention on my career and other investments. I will make money from them, and buy cheap gold.
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  247. That is exactly what I mean. These militias can be about anything. If they had half the chance, they would turn the country into a feudal fiefdom. They have a myriad of beliefs, so I don't trust these people.
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  248. There isn't anything wrong with CERT. It is the people who belong to these anti-government militias is what scares me.
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  249. Now, it is different, buy using your credit (debt).
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  250.  @eisenjeisen6262  Most people use credit cards, because they don't have enough $$$$$ at the end of the month. Then, they pay the minimum every month. I don't think most people can pay it off. They don't enough $$$$$.
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  251.  @eisenjeisen6262  I was able to get rid of all my debts by working 14 hrs a day after I graduated university in 2001. I was working 1 full time job and 2 part time jobs. Paid off my home, paid off my student loan debts, paid off my car, and now I can save most of what I earn.
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  252. If that were true, there would be a shortage of silver which has gone down 55% from its high of $49.70/oz. You can buy all the silver you want, there is no shortage of 1000 oz bars of silver.
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  253. The Chinese are getting a trade surplus, and they are using it to buy U.S. treasury bonds, U.S. real estate, and U.S. equities. All the money they made is being invested right back in America. As a result, interest rates are lower which benefits people who buy cars, homes, and get loans. LOL
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  254. It isn't only China that is doing it. The European Union is doing it, and all the countries that trade with the U.S. are doing it as well. When people make enough money, they emmigrate to the USA and buy real estate here. Most of the luxury condos and penthouses in New York City are owned by foreigners, they can Chinese, German, French, South Korean, Russians, Saudis, Belgian, British, Spain, people from African countries, Brazil, Columbia, etc. Rich foreigners go to New York City and do their shopping here. You have foreign tourists who come to the USA, going to places like Yosemite, Yellow Stone, Mount Rushmore, Statue of Liberty, and other places. They come here spend a lot of money in the USA. It is good we have all this influx of capital returning to the USA. You cannot consider these people to be your enemies. They are buying up about $140 billion worth of agricultural goods from the USA every year.
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  255. I can't say they are taking advantage of the USA, because if you understand how trade works. It is all about comparative advantage. The country that produces a certain goods more efficiently does so at a lower cost. If it costs less money to produce an item in let's say China, Vietnam, India, Nepal, Thailand, Sri Lanka, Madagascar, Mexico, El Salvador, etc, corporations and companies will outsource the work out to those countries. With artificial intelligence, and advanced robotics, it may be cheaper to produce items employing automation than outsourcing it out. That isn't going to help workers in the USA. The steel industry in the USA is producing much more than they ever did using a fraction of the workers they used let's say 40 years ago. Trump isn't going to help you get a factory or manufacturing job making widgets. Most of the manufacturing jobs here require a high level of skill, unless you have a degree in computer science, electrical engineering, mechanical engineering, manufacturing engineering, or other skills. You ain't going get shit. The other factory jobs that are labor intensive can simply be sent to other countries that aren't affected by tariffs. They have billions of hungry in this world that make less than $20 a day, and they aren't going to pay you $20/hour for people who can do the same kind of work as those other people can do. The Republicans, Democrats, most business people, and corporations don't give a shit about you. The rich get richer, and Donald Trump is rich, you give think he gives a crap about the middle class? Most of the stuff he produces are produced in 3rd world countries. LOL Do what I do, study something like computer science, or a 4 year university degree work in a nice air conditioned office. You can't fight economic realities. You can only make improvements in your life that can benefit you, and if you refuse to adapt. That's on you, you lose our job, you become homeless, no body fucking cares.
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  256. I don't believe Trump, you can believe him. I am going to start shorting the stock market around next year. The writing is on the wall, Trump will crash the economy. I don't have to crash with it. You believe whatever you like, and you can be the breadlines with the millions of other people who believe it and get hurt by it. LOL
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  257. Before the last recession in 2008, I made a pretty good deal of money. I really don't care about political views, political beliefs, or anything like that. I care about only one thing, how can I benefit from it? I don't have to be a sheep and believe Trump when he is a known liar and conman. I am not a millennial, I am a Generation Xer, there is no such a thing as WE in my generation. It is all about the ME. What do I get out of it? If Trump isn't offering anything to me, I don't have to have follow him and get slaughter by his policies. When the economy does crash, no one is going help you. You can ask Trump for help, the person who cut welfare benefits, and he going to tell you to take a hike. Pull yourself up by your own bootstraps. The farmers who get ass raped are on their own as well. Sure, Trump will give them $12 billion for now, but he isn't going to cover the $80 billion in lost trade they will suffer from year to year. When all this happens, I will buy homes for less money, I will buy back stocks for less money, and I will find more business opportunities. LOL
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  258. This whole stock market crash was orchestrated for one reason. The reason being automation, robotics, and computer technology. Most workers are obsolete. Most factories, workshops, warehouses, online stores, etc. Even in the army they are using drones, self driving supply trucks, etc. So, they faked a recession. The middle class who lost their jobs due to automation and outsourcing will join the ranks of the permanent poor.
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  259. They can't lower interest rates, because if they did the economy would crash.
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  260. Such anger. The recession is over if you have a 4 year degree or higher, it isn't over if you are unskilled and uneducated.
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  261. You did have taxes back in the 1900s, tariffs were high, but there was almost no income tax.
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  262. TSA never stole anything the last time I traveled which was around October of 2012. Stop making up stories.
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  263. Physics doesn't have to do with anything with the transmutation of matter that is chemistry. Elements can be turned into other elements by absorbing neutrons and also by bombarding it with protons. This is how they make nuclear weapons, turning uranium 238 into plutonium 239. Uranium 238 decays to lead 206. Elements can be transmuted that is what alchemy was all about!
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  264. Can it get worse? High gasoline prices, higher prices for imported goods which is just about everything we use. LOL
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  265.  @beja8694  Under Obama??? Gasoline and oil were cheap throughout Obama's presidency. Gasoline and oil got expensive near the end of George W Bush's terms of office from 2007 to 2008. In the 1st 2 year of the Donald Trump presidency, prices have skyrocketed for oil, gasoline, and inflation is getting higher and higher. Now, tariffs on top of that which will make prices even higher for most consumer goods. When this economy goes into a depression, I hope you idiots realize how stupid you were voting in this con man and clown into office. If you have a lot of money, it doesn't matter for you. For the rest of us who aren't multi-millionaires, or billionaires prices going up will make it more difficult for us to pay our mortgages, rents, paying our bills, car payments, child care, and other fixed expenses more difficult. Most of us make a fixed income, whether you operate a small small or medium sized business, or work for others. Oh well, you can't fix stupid or stupid people. Enjoy it.
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  266. For one, the U.S. produces a lot of things the world use. On the other hand, Zimbabwe doesn't and that's the difference. The U.S. produces F-16s that cost $18 million, F-15s that cost $45 to $80 million, largest producer of crops, a very large producer of minerals, lumber, food stuffs, agricultural goods, a very large producer of munitions from 5.56x45mm to AIM-120 missiles($150,000/un), oil, coal, medicines, medical equipment, heavy machines, etc. The U.S. has a lot of technology and resources.
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  267. The working age population is about 200 million people, and 90 million people out of 200 million are out of work. The real unemployment is about 45%. How many more people are under employed on top of that?
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  268. You doomsayers still believe the economy is going to crash, and we will be living in a road warrior world, ROFL. Wrong, wrong and wrong. As long as the infrastructure is still intact, life will go on. The doomsayers will most likely lose everything, because banking on a total collapse never happened.
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  269. Foreigners can buy American oil, natural gas, commercial aircraft, heavy industrial machinery, farm equipment, bauxite, copper, iron ore, helicopters, munitions, jet fighters, military equipment(thermal optics, high end night vision, autocannons, fire control systems, etc), automobiles, etc. There is a lot of things foreigners can buy from the U.S., and they can use those dollars to buy from others who use dollars.
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  270. They already have lawn mowing robots, they cost about $1 to $2k.
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  271. Over time, the currency will be devalued. It seems to me governments and central banks all over the world are printing lots of money, but we still see a very sluggish economy. All this money printing and the global economy is down more than 92% from its highs in 2007. This might be one of the reasons why commodities are going down.
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  272. Tlooooth is a troll, just ignore this idiot.
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  273. I see.... So, people aged from 18 to 60 are unemployed, so it isn't in relation to the total population. 90 million+113 million people aren't working in the USA, so 64.9% of the total population are either unemployed, too young to work, disabled, or too old to work. That is a lot of people who aren't working.
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  274. They can't raise interest rates, because the real economy is weak. That guy with white hair is such a bullshitter. The Fed Reserve should raise interest rates to 5%, but they can't because that would crash the stock market.
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  275. All prices quadrupled or more in the past 13 years, and wages have been stagnant for 13 years. Not only were most wages stagnant, wages also went down because of the crash of 2008. At least most 401ks didn't go down because of the stock market being inflated. In order to keep up, one must get new skills to make higher wages.
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  276. I heard enough of the truth movement in the past 6 years, and most of them are a bunch of charlatons.
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  277. I said this is the beginning of the economic turn around, and the beginning of the end for gold+silver. Silver went down from $49.50/oz to $23/oz, and gold went down from a high of $1950/oz to $1430/oz. The 90 million people you talk about who don't work are either too young or too old to work, they are also disabled people. A barrel of oil was $150/barrel in the middle of 2008, and now it is about $96/barrel. Where is the inflation?
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  278. Peter Schiff is honest, compared to these other economists who are merely cheer leaders for the Republican party.
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  279. I used the same strategy for the past 6 years, and I always made money. It is so damn predictable.
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  280. LOL
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  281. In a few months or so, Jerome Powell will say something that will make stocks go up again, or some fake statistics will come out and state job growth. Sales went up, or some other bullshit. That will make stocks go up again. LOL
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  282. Put away some money for gold. Gold is always good.
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  283. What is so good about silver? It isn't rare or valuable, and it tarnishes at room temperature?
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  284. Printing money doesn't equate to inflation, you have to remember that this money is going into few hands. People who have lots of money are very tight with their money. Look at the dollar index, it has been steadily going up. The price of commodities are lower than they have been since 2008 when a barrel of crude oil was about $148, it is about $94/barrel. A pound of copper was about $4.50 in 2008, and it is about $3.50/lb now. Food prices are going up because of the weather.
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  285. There isn't enough gold in the world to back China's currency or any currency in the world. Did you hear about the Chinese real estate bubble? The Chinese have 20 to 30 cities the size of New York, and Los Angeles which are completely empty. The U.S. exported more oil than they used for the past 3 years. Even if the petro dollar is dumped, the US has enough oil, coal, uranium, natural gas, and other sources of energy to get them through.
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  286. That is true, the real productivity is really down. You can check the Baltic Dry Index, and it is down from 11,500 in 2007 to 850 in May 16, 2013. The global economy is in a depression.
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  287. Sure automation requires more initial capital, but over time it does save a lot of money. In 6 months of a few years, the automated system will pay for itself. You don't need to turn on the lights, pay health insurance, no wages, no complaints, and you have a machine work force that can work around the clock.
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  288. I always buy when the Dow drops, I've been doing it for 7 years. Worked all the time. Today, it went down 333 points, and a few days later it will go up 400 points. It is manipulated and predictable.
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  289. Inflation is the answer.
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  290. But........ Trump said this was the greatest economy in the history of the world. I think Trump lied. LOL
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  291. U.S.A. is a colony of China. LOL
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  292. Trump is a professional bullshitter, he is a reality show TV host, so this is what we can expect. A man who creates drama and doesn't get ANYTHING DONE.
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  293. What is it going to be, let the dollar become a worthless currency, or raise interest rates?
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  294. The Federal Reserve reinflated the economy after it crashed in 1987, they reinflated it in 2000 when it crashed. They can do this again and again. They will crash your gold by making massive short positions and bankrupt you.
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  295. Peter Schiff can be pretty funny sometimes, LOL.
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  296. I think Twitter should close Donald Trump's account, he is causing a lot of problems with it. Plus, presidents shouldn't tweet like this.
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  297.  @a.r.gentum6517  The 1st Amendment doesn't apply to private companies. For example, you can't do or say whatever the hell you want in any private business, this is why they put up a sign "We have the right to refuse service to anyone". Private companies have policies you have to follow. The 1st Amendment protects individuals and private companies from the government trying to censor them. I know the law knuckle head.
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  298.  @a.r.gentum6517  That isn't according to me. You can't say whatever you want in a private business. You can't say whatever you want at work without consequences. Just try to say some crap about your boss at work, and tell him/her it is my 1st Amendment right? You'll be fired, or they will make your life at work so miserable you will want to quit.
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  299. Trump surrendered. LOL I thought Trump was great at making deals? Maybe, "The Art of the Deal" was just all a bunch of bullshit. LOL
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  300. Krugman's Keynesian economics works, the economy is rebounding.
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  301. Here are the facts.... According to the government census, the population younger than 18 years is 72 million people, people who are 62 and over are 41 million people. 113 million people out of 313 million people are too young or too old to work. You made a claim that 90 million people are out of work out of a population of 313 million. Your tried to lie with the numbers, but I am too smart to be fooled by such propaganda.
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  302. Peter has been proven correct, today the Dow Jones went down about 1700 points. Looks like the bubble has popped.
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  303. Sure, the Fed Reserve and other central banks can create inflation, but it can be absorbed by rising prices of real estate, and prices in general. It can also be absorbed by more production of goods, the more you produce the cheaper it gets.
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  304. The mega rich are buying stocks, dividend yielding stocks, and real estate. They aren't buying gold and silver. If dollars are so worthless, how come most people don't have it? How do you know what the mega rich are doing with their money? I can see that they are buying investing it in America.
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