pt 2/3 Peter Schiff on King World News
Peter Schiff is one of the most visible figures in the financial media today. His predictions have been extraordinarily accurate and this has gained him much attention from the media and his peers. He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg. In this interview Peter discusses gold, the Indian Central Bank purchase, possible downside in gold, how China will build its gold reserves, the US Dollar, unemployment, tent cities, the economy, future jobs, real estate, government attempt to prevent housing from correcting, government becoming a landlord, the FHA, social security and more.
RSS
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This song completely sums up how I've been feeling...
7:13 pm on March 9th, 2010
I let my house go into foreclosure in May 09. I’ve paid off over $20k in debt, and now the bank bought the house for more than my mortage, which means no deficiency. I’m off scot free except for the ding on my credit. FUCK THE BANKS.
7:13 pm on March 9th, 2010
Auto and bank bailouts have made this economic mess worse.
7:13 pm on March 9th, 2010
Chris
I couldn’t agree with you more, The government stole his money for 50 years and I agree with your comments about all the dead beats collecting SS.
Please excuse the name calling, it was uncalled for and I apologize. I thought from your comments your were in someway stating that SS was an a idea worth continuing.
Personally I think it’s to late to save the system and the republic, to many deadbeats that have figured out how to milk the system.
7:13 pm on March 9th, 2010
WHAT? I suppose it’s possible on a nominal basis, but certainly not on a spending power basis. Furthermore, robbing him of his money every week robbed him of the ability to put the money towards retirement which could have earned interest. The gov did exactly what they said men would do which is that they would spend money and not save.
I don’t think this is any reason to start name calling. Do you have any idea how many people are collecting SS without having paid into it?
7:13 pm on March 9th, 2010
THANK YOU FOR POSTING THIS !!! I am always looking for postings from KING WORLD NEWS .
7:13 pm on March 9th, 2010
Chris Your a moron! Do some simple math if your dad collects for 10 years he’ll be on the upside of what he paid in.
7:13 pm on March 9th, 2010
I disagree about SS. As an example, my father paid into this system for over 50 years! He is still working and gets only a small fraction of what he paid into it. He isn’t hurting, but he isn’t rich. It’s a small fraction of what he paid into it. What we need to do is kick all the people off of social security who never paid into it.
7:13 pm on March 9th, 2010
There is also little desire to see the price fall because it will undoubtedly affect the amount of property taxes that local counties will be able to collect on such houses.