Peter Schiff video 1.04.2010 Dollar Collapse By 70% In 2010?

I always enjoy listening to Peter Schiff and his views on the economy. One of these guys seems to get upset, but gets shut down easy. Schiff tries to explain what he sees in the economy and what his forecast is, but all these financial guys don’t want to hear any doom and gloom. They are the same guys who didn’t see the market getting ready to collapse in 2007. Now that we have had a good stock rebound in 2009, they definitely don’t want to hear Schiff’s opinion.

1/4/2010 Peter Schiff On Fast Money: Dollar Collapse By 70% In 2010?

I think they really need to listen more instead of interrupting him all the time saying he is wrong. If he wasn’t right about his real estate bubble/ housing collapse call, I think they would all be talking over him in this video. That is the what they use to do to him 3 years ago.

If he is correct on the dollar falling in value, then I do wonder how high gold and silver will go up.

4 Comments

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Merlin, January 26, 2010:

Cognitive Dissonance Theory, eplains all the people that don’t believe what’s going on. Look it up!
David Ziffer, April 21, 2010:

Imagine how difficult it is for these youngsters behind their desks here to understand what Schiff is saying. It took an entire lifetime for the Boomers to shift from a savings/production world view to the borrowing/consumption mentality, and most Boomers, even after watching their assets collapse twice in two bubbles in under ten years, don’t get this. These kids here have never seen anything BUT borrowing & consumption. They think that what you need to buy something is a FICO score, not saved money. How could you even explain to them what savings and sound money are?
CHESSNOID, April 22, 2010:

Hi David,
I think you make some great insightful comments. I don’t think the new generation will understand it the way we do.

Thanks for stopping by.

Cheers!
Birdog, June 22, 2010:

Peter makes so much sense. Take away the illusionary jargon financial mumbo and talk about what really drives an econony. He makes it very simple, Stop consuming and spending and start manufacturing and saving.

The guys on this show only know what their professors told them and a computer screen. They live in fantasy land and the fantasy is over. Welcome to reality.