also check me out on www.facebook.com and twitter.com
Sovereign debt crisis?
Posted by admin on August 30th, 2010
Posted in Depression Videos 
Posted in Depression Videos Categories
Depression (2090)
- Depression Articles (77)
- Depression News (681)
- Depression Q and A (123)
- Depression Videos (400)
- Depression Cure (122)
- Manic depression (504)
- Symptoms of depression (457)
I think people forget that we can be sovereign.
I and you.
He wants to End the federal reserve, he wants you to keep your guns, he wants immigration laws to be enforced, and he wants Proof that Iran is building a nuclear weapon before he invades them. (oh and that little thing about trying to warn the world that a major housing bubble was being inflated)...Linda McScam is ummm very rich, and a pseudo-celebrity? This is a tough call who to support...NOT
What is happening in Greece is but a small sample of what WILL happen in the coming American debt crisis.
Actually there will be considerable pain when government shrinks because we are so dependent on it. It will be like coming off of heroin.
Buy food, seeds,land, silver, medicine, weapons and find like minded friends. Think 1900 with a thicker encyclopedia of knowledge. Survive the first wave and you have a chance.
Expose the Ponzi!!! Peter!!!!
Its out of the fire in to the frying pan Petey boy. The only thing you have backwards.
@nhralph Search for
"DEBT SCARY COMPARISONS"
Peter Schiff is one very smart man
WARNING! Comex and LBMA are frauds, their gold and silver certificates are frauds, there is no physical gold and silver in their vaults, demand physical delivery immediately or at your next contract expiry date.
Source: GATAorg, Andrew Maquire whisleblower interview on KWN, emails to the CFTC regarding the naked short positions and gold sliver market rigging, by JPM, HSBC, and likwise scam artists.
@olh
Oh, I know it's non-optional for most people. I meant that you should regard it as another worse-than-useless overhead, instead of counting on it to sustain you in your old age. If you want a secure retirement fund, then you're going to have to save it up for yourself, in something more stable than dollars or government bonds.
@Panzer, not much of a choice. It is what my employer does. Cannot touch it unless I leave the company for some reason.
@olh1152
The 401K is essentially a pyramid scheme. The money you pay into it will be long gone by the time you come to collect, and any money you do receive will have been recently taken from someone else.
If what Schiff says is correct, then at some point in the near future, people will stop paying into the scheme - meaning that those who are waiting to receive their share are SOL.
If you still have time and ability, then save what you can for your own retirement, in lasting money.
Peter, it looks like at lot of municipalities are going to default on their bonds. What is a little guy like me to do who only has a 401K?
They mix it up with lies and make it all taste good. Watch "The goverment can" search it first one. watch?v=LO2eh6f5Go0
wait a minute. i don't understand how the US can be the surest to repay the debt ahead of the bric countries which are much healthier economically. and there already is a new global reserve. they were talking about a basket of currencies. either that or straight up yuan.
Please watch my video
It's about climate change, earth catastrophe and our planet as we lives in.
Does climate change can affect economy growth?
watch?v=j7I_eFoIk64
Peter says it in the video. It's the reserve status of the dollar. The dollar is THE international currency. Oil and other commodities are traded in dollars. Billions of dollars in debt is stipulated to be repaid in dollars. Among the many troubled countries, the US is thought to be one of the surest to make good on its debts. All this provides tremendous support to the dollar. The dollar can't disappear until something is there to replace it. Gold? Not yet.
We need to help each other!
This site gives great knowledge.....
DeathOfTheDollar2010 (Dot) Blogspot (Dot) Com
And what exactly is his misunderstanding of the dollar?.....Can you please elaborate....Thanks
Peter's misunderstanding about the dollar is his biggest blind spot. Otherwise, he's been brilliant.
I did make it in politics. I was an elected common councilman at-large for a city of 79,000. I was a fiscal-conservative elected on the Conservative Party line. Dispite my fiscal-conserative leanings, I was what the far-right extremists would call a middle-of-the-roader. I balanced fiscal & social responsibilities for the benefit of all the people & I discovered that most, if not all, politicians are not fiscally responsible as they claim to be. Too many seek power, money & backroom deals.
We've had record inflation for the last 38 years- since Nixon closed the gold window on the Bretton Woods system. As long as we have unlimited inflation and a Congress willing to do everything it can to make it happen, the dollar has nowhere to go but down and that means prices have nowhere to go but up. Congress does this on purpose despite the negative effect inflation has on consumer purchasing power because they favor the positive effect inflation has on business profit margins.
I believe Pete.
I am not blaming...just pointing out which Party was in control of the Congress (which has the power to make budget bills; the House in particular). I am giving credit where credit is due.
PragmaticStatistic,
Looking at history, quoting statistics and anticipating the future,
You know with qualities like that you'd never make-it in politics