December 19, 2008

Schiff on the "phony economy", the upcoming California bailout, hedge fund liquidation, and what's ahead for the dollar, gold and commodities

There's been a temporary a and short-lived spike in the US dollar as people and funds around the world liquidated.

It won't last.

And there's been a collapse in US-dollar denominated metals and commodities. Even though gold (which is money) has held up nicely - and actually skyrocketed in foreign currencies.

Don't get fooled by short-term stuff. Think about where we've been, and where we're heading. And get ready, before everyone else figures it out.


3 comments:

Anonymous said...

Nazi Economics

The record of National Socialist Germany during the 1930s shows how quickly government intervention leads to full-scale socialism. Ludwig von Mises warned of this many years ago.

Hayek also warned of this in the classic "The Road to Serfdom". These guys weren't predicting anything they were observers of how fascism took hold in so many countries in Europe at the time.

It's historical precedent and we better beware of these big government spenders like Bernanke and Obama.

Anonymous said...

Thank you for your professional investment advice.

Where do I send your consultant check and who is your RE & O carrier, just for the record?

You're really smart. Thanks.

Anonymous said...

The dumbing down of America has been completed.

Enjoy the depression !

snicker.

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