Growing Problems Leading to US Dollar Crisis-Peter Schiff
By Greg Hunter’s USAWatchdog.com
Money manager Peter Schiff says forget about the Greece debt questions; the problems in the U.S. are far worse. Schiff contends, “I am even more concerned with the problems with the dollar. The dollar is benefiting right now because most people are just concerned about the euro. So, the dollar gets stronger because people sell euros and buy dollars, but they are missing the bigger picture. We have even more advanced problems with our currency than they have in Europe with the euro.”
Schiff goes on to enumerate the financial problems the U.S. faces such as, “The degree of debt we have, the degree we are dependent on artificially low interest rates which are obviously unsustainable and the massive trade deficits we have chronically year after year. Last month, we announced the biggest monthly trade deficit in our history. These are growing problems that are ultimately going to lead to a U.S. dollar crisis. Right now, people are confident in the dollar because they believe the Fed can raise interest rates, and we can actually afford to pay the higher rates–which we can’t. We can’t do it. If the Fed raises rates, we will have a financial crisis. We would have no ability to service our debt if we had to pay a market rate of interest, but our creditors haven’t figured this out yet. . . .The real problems in Greece started when interest rates rose. Greece had a lot of debt before rates went up. . . . They couldn’t repay the principal, but they could pay the interest. They could at least pretend by paying the interest. Well, that’s all the United States does. We have no hope of repaying the principal.”
On gold, Schiff says, “Gold has not fallen, not nearly as much as the gold bears have expected. In fact, in 2014, gold was only marginally lower by 1% or 2% lower in dollars, but in most other currencies it did very well. It was up 5%, 10%, 20% or more. You pick a currency, and gold did very well. In fact, gold outperformed most all the stock markets in the world in 2014. Thus far in 2015, it is beating most all the stock markets, and it is certainly beating all the currencies. The skeptics have constantly overestimated how much gold would decline, and they are still very negative on the price of gold.”
On the so-called “recovery,” Schiff says, “We had a recovery in the stock market, asset prices went up. We had a recovery in the real estate market, but we didn’t have an economic recovery. Did we recover the jobs that we lost—no. We recovered jobs, but not the ones that we lost. We lost higher paying full-time jobs, and we gained lower paying part-time jobs.”
On the next financial calamity, Schiff says one is on its way. It’s just a matter of time. Schiff says, “I know it’s going to happen. The problem is the further into the future it is, the worse it’s going to be because until it happens, the problems are just getting bigger. They are not getting solved. . . . The further into the future the crisis comes, the bigger the problems are when we are confronted with them. So, I hope something happens this year because if it doesn’t, it is going to happen in a latter year, and it’s going to be worse.”
Join Greg Hunter as he goes One-on-One with Peter Schiff, founder of Schiff Gold and Euro Pacific Capital.
(There is much more in the video interview.)
After the Interview:
There is lots of free information, research, analysis and videos on both Schiff Gold and Euro Pacific Capital.
Yes he is pretty much saying the same things. I wonder why that is, could it be that our Great Western leadership is taking absolutely no note of common sense and is digging themselves and us deeper into the rabbit hole of cloud cuckoo land economics.Like he says when reality hits home someday and all the idiot politicians in charge have exited stage left and disappeared up there Ivory Towers , and they leaves us to pick up the wreckage there is going to be mucho pain and suffering.
John Maynard Keynes
Letter sent to Duncan Grant: “You have not, I suppose, ever mixed with politicians at close quarters. They are awful… their stupidity is inhuman….”
Yes, it’s so true and by the way, we are no longer all Keynesian’s, were now all crony capitalists!
Just to clarify, I believe that Rogers means a decline of 50% from the high of around $1900 per ounce. So, down to around $900 – $1000 per ounce when the correction is finished. That could easily occur.
I think Mr Schiff says the same thing every time because there is really nothing new to say; We have a central bank that is in full control of the money supply, quite obviously above the law and is using every lever of power it has at its disposal to create a climate where a small minority of people can exploit, manipulate, direct and control more and more of the fruits of your labor.
Lona- can always checks Jim R.’s site
yeah, he’s consistent. He knows what grows an economy and what makes it crash. He’s a light bulb in the dark room of medias.
I tend to agree with you,and while I don’t question his knowledge on world affairs and money matters,its just that after listening to any of his interviews I’m left with this “subliminal” message rolling around in my head that I have to go buy some of his gold or silver. Mike Maloney is another.Just my two cents.
I own a Laundromat too!
Gold should be viewed as hedge against Government, they spend more than they receive. As there ability to externally borrow the difference diminishes they will increase tax to make up the shortfall. Inflation is the ‘cleverest’ tax as most people don’t realise it’s happening. The current deflation is going to increase the Government deficit more. The result is higher taxes more deflation. When the pain to the man on the street is unbearable the problems really start, revolution, war??? Sowing seeds now of an ideal society based on combining the benefit of eating ‘real’ food, regular exercise and (most difficult to get across) individuals regularly ‘trancending’. The dividend to society would be measured in billions maybe trillions of dollars pounds euros etc.
I really feel this is a timely message for humanity but feel overwhelmed as how to get it across in to collective awareness.
I couldn’t agree more! All you can do as they say is “be the change you want to see” & keep getting the message out. It will get heard!
Countries like Greece going bankrupt has happened many time in history, but not all are in quite as good a position as Greece, despite what the media is saying. The difference with Greece is that they have actually operated with a budget surplus for the last two years, (if you strip out interest payments), so if they were to jettison their debt they would not be quite the basket case that many people see them as. Tourism currently accounts for 18% of their GDP and 19% of their workforce. If they exited the Euro and had a new currency at 50% to 60% of the value of the Euro, there would be a huge increase in tourism. Property is also dirt cheap and many Europeans are looking to buy cheap holiday homes in the Sun, so you could see a construction demand led by foreigners looking for cheap holiday homes in the Sun and a sizable increase in invisible exports. A lot may depend on the ideological policies of the new government going forward as opposed to it not being a good thing for Greece to leave the Eurozone.
Great post Charles…
What’s the other side of the coin there Charles.
Consider both sides to provide a balanced point of view.
“If they were to Jettison their debt” …is easier said than done.
Consequences are too numerous for this comment space.
I do have a lot of respect for Peter as a financial commentator and author. He calls a spade a spade. In this day and age this level of candour is synonymous with trust. That is a rare commodity. Who CAN you really trust?
We are all more than aware of the problems in the US (and the Globe for that matter) and that its not getting any prettier…..in fact its getting a whole lot more unmanageable by the day. Yes we all know about the death of the petro-dollar too and the inevitable hyperinflation. The inescapable fact that the US is BANKRUPT no longer sends shivers down the spine. The fact that there isn’t a recovery only a paper mache veneer to disguise the truth of a Depression only further compounds the plight and obfuscates the real plan of the central planners. Peter continues to do a great service in making the wider public aware of the real issues.
As a Money Manager or CEO and Chief Global Stratgist for EPC (not unlike the previous guest) Peter is also accustomed to the shuffling of Assets between Buildings, Cities, Continents and probably enjoys the volatility that comes with the mis-management of the economy (& mis-allocation of resources/capital) domestically and abroad. But apart from that, the world in which Peter lives (along with numerous Hedge Funds/Sovereign Funds /Pension Funds) is not really creating anything tangible. Its a world of financial trickery and card shuffling of artificially inflated assets. What exactly is being added to the economy …where is the value in what these so-called Money Managers do. They create financial wealth….but nothing of any substance. Is that what this world has become? (Rhetorical question).
Each man/woman for him/her self. The US is officially the NEW Titanic ….No one will offer you the solution or the antidote or Lifeboat. You must fend for yourself. This ship is on a collision course with a Major Iceberg. It will strike in the dead of night and catch many unawares.
Whilst I remain of high spirit, cautious and optimistic, I am deeply saddened by the development of immorality in the world. We are collectively not moving in a positive direction. What was evident not so long ago of genuine wealth and prosperity and a willingness to participate to engender a prosperous country/world….is but a mirage…. a ghost. We are now literally living on the edge…and those who can still suck something from the system will do so until they no longer can. Meantime its survival for the rest.
It is maddening that Bernie Sanders wants to do a cash bail out of greece at the expense of the American investor. Those of us with vision who purchased the bonds all these years and secured them with swaps should be rolling in money right now, but once again the Greek government is looking to cheat us out of our gains to ostensibly nullify the finacial pain they properly brought on themselves. I would much prefer that we receive title and ownership to the collateral due us in lieu of payment, but the only way we’ll see it is by putting tanks and boots in the country to secure buildings, machinery and ports and transfer of the same to us as guaranteed by the terms of the legal contracts. Surely even Greeks know what a contract is ? Or do they not have any integrity and honor whatsoever ? It happens entirely too much today. Make a contract and then claim pauper status and inability to pay. I say they should give us their property if they refuse to pay. Otherwise lets renogotiate at a higher return and this time pay us yields that will compensate us for our inconvenience and risk tolerance.
Irving If you made the decision to invest in Greece debt that was your decision. You obviously made it thinking you were going to be greatly rewarded (I clearly don’t know what you were thinking but that’s a discussion for another day)……. Now you want boots on the ground to protect your investment ? My thoughts ? You’re an idiot and would make a great politician……. Please send your son there first.
At some point it quite literally becomes a ‘pound of flesh’, doesn’t it?
Who’s fault is it? Lending to an insolvent country is not a smart thing to do…
Another case of greed turned ugly!!!
Then he said, “Beware! Guard against every kind of greed. Life is not measured by how much you own.”
Dear Irving, Jeff, Sk and Chip,
Wow, you just summarized for me the whole moral dilemma of our modern day society with its debt based illusion of wealth in that a promise to pay is not the same as receiving payment itself… which is why the corrupt scheme of an unbacked currency cannot be sustained– but remember it is with His own precious Blood that the Lord Jesus Christ paid the price to redeem all of corrupted humanity out from under the law of sin with its curse and death which is the wages of sins and for each of us a choice is given to believe and receive or refuse and deny. Thank you for posting. The grace and peace of our Lord Jesus Christ be with your spirit!!!!
Is money the root of all evil?
“The love of money is a root of all sorts of injurious things.”—1 Timothy 6:10.
It’s, “the love of money”—not money itself— that causes “injurious things.” In the Bible, wealthy King Solomon identified three kinds of injurious things that often happen to people who love money. Worry: “The plenty belonging to the rich one does not permit him to sleep.” (Ecclesiastes 5:12) Dissatisfaction: “A lover of silver will never be satisfied with silver, nor a lover of wealth with income.” (Ecclesiastes 5:10) Temptation to break the law: “The one hastening to get rich will not remain innocent.”—Proverbs 28:20.
What purpose does money serve?
“Money is a protection.”—Ecclesiastes 7:12.
WHAT SOME PEOPLE SAY
Money makes you secure and happy.
WHAT THE BIBLE SAYS
The myth that money buys happiness and security is part of “the deceptive power of riches.” (Mark 4:19) Still, “money answers every need.” (Ecclesiastes 10:19) For example, money can buy the things you need to survive—such as food and medicine.—2 Thessalonians 3:12.
Money also helps you to take care of your family. In fact, the Bible states: “If anyone does not provide for those who are his own, and especially for those who are members of his household, he has disowned the faith.”—1 Timothy 5:8.
How can you use money wisely?
“First sit down and calculate the expense.”—Luke 14:28.
WHAT THE BIBLE SAYS
Use money in a way that has God’s approval. (Luke 16:9) It is wise to use money responsibly and honestly. (Hebrews 13:18) To avoid the burden of living beyond your means, “let your way of life be free of the love of money.”—Hebrews 13:5.
Although the Bible does not condemn debt, it warns: “The borrower is a slave to the lender.” (Proverbs 22:7) Avoid impulse buying, because “all who are hasty surely head for poverty.” (Proverbs 21:5) Instead, “set something aside according to [your] own means” and save money for what is important to you.—1 Corinthians 16:2.
The Bible encourages us to “practice giving.” (Luke 6:38) People who want to please God have good reason to be generous, because “God loves a cheerful giver.” (2 Corinthians 9:7) Therefore, “do not forget to do good and to share what you have with others, for God is well-pleased with such sacrifices.”—Hebrews 13
Keep stacking for a rainy day, be thoughtful, be careful! ◄ Proverbs 30:5 ►
Yahoo Good post. Every time Jesus gave a example of faithfulness he related to how one handles money. I think money can buy happiness. It will never buy joy. Joy comes from being God like, with contentment.
My favorite is Proverbs 1:17 Surely in vain the net is spread in the site of any bird.
I really think this should read the “lust” for money for true love is pure…maybe its a lost in translation,,,
The lust for money is greed and a bad quality. It’s always presented in our society as bad. Those greedy millionaires. Those greedy capitalists………. What is not ever discussed is what I see as much more detrimental to the soul and more prevalent in our immoral country today. That being the other side of the trade, if you will………. Jealousy and envy. This characteristic is rampant in the US and much more soul destructive than the hard working capitalist trying to get ahead……. Without this trait communism and socialism could not exist……..Just saying.
Greece says ‘no way back’ in bid to rewrite bailout deal
By AP | 11 Feb, 2015.
ATHENS: Greece’s new prime minister struck a defiant tone on the eve of high-stakes negotiations with skeptical European creditors, saying there is “no way back” for his radical left-led government in its quest to rewrite the barely solvent country’s bailout commitments.
yes i agree he is a broken record
When someone starts talking about market trends (like Gold) my brain just shuts off. Its all bovine fecal matter. We all know the markets are manipulated so why talk about it?
If you want factual economic data, check out the Money Velocity Chart, and the Dry Baltic Chart. They both tell the same story. The world economy (especially ours) is dead. The bird of destruction is just looking for a place to land. Its just a matter of where it’s going to be. Greece, Japan, Ukraine, Syria, Russia ,the United States? With a global economy it really doesn’t matter. The result will be the same. Place your bets folks. The wheel of misfortune is spinning.
Here are some recent 2015 economic numbers that show an absolutely booming global economy:
Halliburton to cut 6,500 Jobs …
Norway oil sector braces for 40,000 job cut …
Siemens to cut 7,800 Jobs worldwide …
IBM to cut more than 110,000 Jobs …
Schlumberger cuts 9,000 Jobs …
Baker Hughes to cut 7,000 jobs …
EBay Plans 2,400 job cuts …
Oil services job cuts reach 25,000 …
History shows that when the US dollar soars … the global economy experiences contraction … we are in the deflationary “contraction phase” now … well into the deflationary phase as derivatives start to implode a desperate Federal Reserve will panic and “over respond” to the financial crisis … creating the inflationary explosion all us gold and silver bugs are preparing for.
I get the money velocity angle, and how if there is no movement indicates a dying economy…But what about BDI, isnt that dependent on many other factors?
Like the number of vessels operating at a given time…etc?
Not necessarily . The numbers have always been constant the last thirty years. It is a true snapshot of where the global markets are.
Greg, you want a real eye opener? Check this out. Greece’s Government Debt to GDP is 174.90. Russia’s is 13.41.
Giving Greece more money is like pounding sand down a rat hole. If the EU caves into their demands , it doesn’t matter. The EU will be toast either way. All they can do is stall off the inevitable.
Thanks Greg for another great interview. To his credit, Peter is consistent and has sound reasoning to support his positions. Is there a way to get Jim Willie or Lindsay Williams on? You are a beacon of light and a blessing to many. Thank you again.
Just a short reminder.
A false flag event was predicted in the Middle East before March by my inside source back in December. This sure looks like a setup for it to me.
Peter Schiff is very interesting, but when he talks about positioning himself in companies now that will have value after the crash, all I can think about after the crash is maintaining basic survival. The majority of Americans just don’t seem to have a clue regarding what’s really happening or the real condition of their currency/society. When the truth becomes painfully exposed, I think that there will be riots and a complete unraveling of our society. As a result, Americans really need to focus now on preparing their households with extra water, food and survival supplies and obtaining a means for exchanging goods, other than paper currency. For awhile after the big event, I think that even the best of companies aren’t going to be doing too much business until the dust settles (if this is even possible). Thanks for your time…
You get it. There will be no recovery from a collapse like this. You’re dead in three days without drinkable water, and thirty days without food. And that doesn’t even take into consideration the two pounds of waste your body empties out everyday. The American people are not ready for something like this. Precious metals on the backend will only serve the few that manage to survive the hell on earth from the frontend. The wealthy I know are getting out while they can.
The PTB are leaving the collapse until debt is at maximum; in indication are the current mad US auto-loan terms! After the contrived crash, saddled with unpayable debt, the government will take ownership of virtually everything and the people become indentured slaves.
The Russian alternative to the SWIFT system scheduled for May is a key point, as the world power slam the West and pass the power and capital of the world to the East by design. The East, though hit be the collapse, will get itself together under a new (part) gold backed currency and will thereafter invade the West. After WW3, a One World Government “so this never happens again” and a new global religion under the antichrist to eradicate Christianity.
Thanks be to Our Lord Jesus Christ and the Blessed Virgin Mary!
2 Corinthians 2:11
“That we be not overreached by Satan. For we are not ignorant of his devices.”
After mankind endures a just punishment;
2 Peter 3:13
“But we look for new heavens and a new earth according to his promises, in which justice dwelleth.”
“In the end my Immaculate Heart will Triumph” – Our Lady of Fatima (1917), see;
God bless all!
Andy, thank you for your comment!
Most people do not understand the bible.
The main message actually is very easy.
I can not understand why so many writer of the bible do not understand the most important message.
God create Adam and Eve, man and woman. Eve brings the sin to the humans.
A woman gives power to Satan. That means we have to go the opposite way back, to get
Satan and the sin out of the world. The holy Mary helps Jesus 2.000 years ago, to open the doors to heaven for the humans, the first step! On the next step Mary has to destroy Satan, of cause with the help of Jesus Christ. I think that`s very logical. If you make a mistake, you have to reverse your mistake. With a woman, the sin comes in the world and with a woman the sin will go out of the world. It`s easy to understand.
So what will be the easiest way to beat against Satan? To help the holy Mary with the fight against Satan. What can all Christians do (and not only the Catholics!!) to help holy Mary?
Pray the Rosary!! That is easy and every Christian can do that! If you never did pray an Rosary don`t be afraid, it is not complicate, just try it. And you will be a fighter with the holy Mary against Satan. The Satan hates Mary, if we help Mary we will get big rewards in heaven! Also that is very logical. Please think about that.
and here a link to the Mary medal:
IF – you “are not ignorant of his (Satan’s) devices”: why the Mary worship?
In Soloman’s sermon of 1Kings 8:60 – “That all the people of the earth may know that the LORD is God, and that there is none else.” Even the Ten Commandments are clear… both Exodus 20: 1-6, and Deuteronomy 5: 7-10 EXPRESSLY FORBID extemporaneous worship. So PRAYING to whatever created being is a trespass upon the First Commandment.
Both Revelation 22: 18,19, and Deuteronomy 4:2 expressly forbid adding to or subtracting from God’s Word, the Holy Bible. From where comes all the teaching on Mary? Not from the Bible.
In the Magnificat of Elisabeth in Luke 1: 41 -45 “Blessed art thou AMONG WOMEN, and blessed is the fruit of thy womb.” – FIXES Mary’s blessedness to the earthly plane of “women”. It is a specific, and clear comparison – to her peers, among women. And in verse 45 her blessedness is ascribed to her act of BELIEF, of those things that were told her of the Lord. Mary’s own response – verse 48: “… from henceforth shall all generations call me blessed.” This pronouncement is true, since the ‘generations’ she spoke of – Believers down through the centuries have held her in high esteem in unquestioning obedience to her commission of bearing the Savior.
There is NO Biblical evidence of glorification; or ascension; or heavenly promotion whereby she might be prayed to, or give intercession. It is just not there. These things are EXTRA-BIBLICAL; they are added to God’s Word. Do your homework.
1Timothy 2:5 “For there is one God, and one mediator between God and men, the man Christ Jesus.” The reason why God gave his Word in the volume of the Bible: is so that the record is clear – no more, no less.
Although a Grexit in and of itself may not mean much, the effects on the euro and the sub-strata of complex performance contracts (derivatives) would prompt a major financial disaster. You think the avian flu was virulent? Good interview, here’s a ping for Jim Sinclair…….
you only have to find out that, catholic and orthodox Christians do not pray to the holy mary. She is our Mother and Queen and not a Waman-God. Maybe worship is the correct english translation. It is very easy to find out, this fact.
Peter does reiterate many of his points but he does it because he is right. Just because the collapse has not occurred yet does not make him wrong. Noah was considered an utter fool until the second day of rain.
One criticism I have with Peter is that for years he has been predicting that interest rates will rise and has been wrong. Of course he has lots of company. Rob Kirby however, unlike most pundits, has for the last ten years said that interest rates will never rise until the whole system blows up.
I usually like what schiff has to say, but this is nonsense. debt was foisted upon greece by a debt-based system of economics. debt is the EU’s (and all CBs) life blood. blaming the debtor is short-sighted.
Id say – a little of both, which overlap. Greece spent way too much in the past, in top-heavy structure. But in these last days, the US has rigged the game to make Debtors of all partners.
Thnx for another good interview, Greg. This whole thing is unraveling pretty rapidly right now IMO. Something new/dramatic happens almost every other day, it seems. At this point, I don’t think anyone can tell us what exactly is going to happen or what to do. For myself, I keep stackin’ PMs (dollar cost averaging) to the extent that it makes sense in terms of my budget.
Many of us are expecting not just failure or recession, but a cataclysm. But let’s just say it’s some sort of corrective, disciplinary event, likely severe but not ‘ The Big One”. Whatever it is, failure and whatever else comes with it must not be off the table. The system has to be allowed to correct and balance itself. Artificial constructs and interventions, even if they are honest, and many of us have our doubts on that score, only exacerbate the problem. We have to allow failure, but with that comes responsibility and that’s the problem now and throughout my whole life really, this idea of those in charge saying/thinking “not on my watch”. Best always. PM
Whoa, so Peter Shiff thinks that Greece has done this to themselves and that the IMF and the Eurobank need to be paid their debts. Just like all the rest of the sheep. The IMF and Eurobank are RESPONSIBLE for this entire mess!
Read John Perkins CONFESSIONS OF AN ECONOMIC HIT MAN. This is EXACTLY what they’ve done to Europe, and Shiff thinks that all these nations that have been SCAMMED into all that debt need to toe the line and pay it all back? Come on now. Of course he does! He’s in their camp.
The audio is out of sync and intelligible.
EX T R A! . . . . . E X T R A! . . . . . . . . R E A D. . . . . A L L . . .A B O U T. . I T !
BREAKING- N E W S!_RUMORS! _SCUTTLEBUTT! _GET THE SKINNY!
The scandal rags are already picking up on the suicides of the dead bankers, what could be the next big leak out into the ether of the main stream media? Non-other than the gigantic elephant in the room, or should I say “Mastodon” >, Benghazi! Why is the president so reluctant to call out IS. or as he likes to call them ISIL. . . . . .? Why isn’t the right wing or republicans blowing the whistle on Benghazi or our so called free “msm”, press?
Because it’s all under the guise of getting Hillary Clinton elected, or what the republicans want, just get her nominated, the president of the United States of America! The truth about Benghazi will not only derail Hillary’s bid for the presidency but derail our very own neo-con men and women. They, the PTB, want it all coming out at just the right time, so the Dem’s have a lame duck nominee, or as the msm hope, to keep it hushed long enough, the dumbed down American people, will be so stoned by then, they wont, give, a rats rear end! Take your pick, which side r you on?
If it walks like a duck and quacks like a duck and eats’ quacker’s, it must be a cluck!
The American people are in the dark because the maimed steamed media are keeping hush on Benghazi, so Hillary can be the next president and the republicans want her getting the democratic nomination for president, why? This was heard this morning on talk radio; The powers that be will blow the whistle on a scandal there now keeping quit on, so when Hill gets the nomination, it will all be over! My fellow Americans, that scandal must be Benghazi!
Just remember, there were no moderate Syrian rebels, as now, it’s plain to see, they were all ISIL, or as they now like to be called, IS., Islamic State.
Gowdy: Hillary Clinton and David Petraeus Need To Testify about Benghazi
———–CIA Gun-running, Qatar-Libya-Syria.
————–Pulitzer-Prize Winning Reporter; MUZZLED!
Benghazi Is a HUGE Scandal … But Not For the Reason You Think
Beyond Partisan Politics: What Benghazi Is Really About
S O R R Y !
————–Pulitzer-Prize Winning Reporter; MUZZLED!
Benghazi Is a HUGE Scandal … But Not For the Reason You Think
Beyond Partisan Politics: What Benghazi Is Really About
Conrad Don’t get your hopes up thinking Benghazi will derail Hillary. Do you think the electorate give a rats *ss ? Did Nobama get a second term after umpteen scandals ? All you Republicans are delusional. You will end up with a lame *ss retard who couldn’t become mayor running against Hillary………… All this is political BS anyway as I’ve been saying there will be no 2016 elections. There will be, however martial law and a “suspension” of elections, thus declaring King Nobama……….. This has been my prediction for over 5 yrs with everyone thinking I’m crazy. This yr none of you will.
With reservations, Jeff – I don’t think you’re crazy. Hard to see, the future is…
Great interview. The older Peter gets the more like his father he looks. Irwin Schiff taught me a great deal and I think the world of him. If your readers are not familiar with Peter’s businesses I suggest they check them out. This is not a commercial just a personal endorsement.
Hope all is well with you and yours.
The US benefits from the chaos around the world…Europe, Japan, Middle East. When those areas get hit by instability the dollar rallies, mainly because we are the best looking horse in the glue factory. To me the country to watch is Japan…they are five years further down the road than we are…what happens to them will happen to us.
Hi Greg, thank you very much for the interview. To me, Peter Schiff is one of the clearest minds out there, a very clear and strong debater, as I always look for his newest appearance, always wanting to know what he has to say, respecting him a lot for that. I love humour, and he is often full of it. One time he was on the stage as a stand-up comedian; https://www.youtube.com/watch?v=ne__pTRAenc Washington filled with guys like Peter Schiff would be a blessing from heaven I think, as he ran for senator.
I don’t think either that Greece, whatever happens, will be the catalyst for The Grand Collapse, as I suspect that the average sentiment in the USA towards Europe is exaggerated at this time. The debt position of Europe as a whole is less worse than the one in the USA. So far, the Central Bankers did it again, the focus is on Europe, which will probably turn around to the USA again at a certain point, as that is the music play they conduct I think. The past six/seven years, I wouldn’t have been surprised by The Grand Collapse anytime, but it’s lasting longer than we thought so far. Convinced predictions about the imminent collapse this year is a risk, as when it doesn’t pan out, it fuels the ‘oh they can keep this going on forever’ camp, which the predictors don’t target obviously, doing their best to warn people. I have to go full steam to keep my father (my mother died over 5 years ago) hanging on to his position, as I try to move him further in, but at the least to hold on what he did on my advice. I don’t talk too often with him about a sudden Grand Collapse anymore, as it fuels his ‘oh they have it under control’ view, as it didn’t happen yet. The past recent times, I say ‘before 2020, but I wouldn’t be surprised by a sudden Doom scenario anytime’. When he tends to the ‘oh they can keep this going on forever’ camp, then I stress that an accident could happen anytime to draw him back in again. As he hangs on, missing my mother, he actually doesn’t want to consider Doom scenarios, as at this time I don’t have to debate him so much, as he sees the writings on the wall, which he quickly forgets about when the financial system quiets down again. Giving you that feedback Greg, as I can imagine all kinds of sentiments are watching your show.
Rarely I have some topics I would like to ask Peter Schiff, like he always says ‘the longer the can gets kicked down the road, the more pain it will give’.
Most minds agree (deflation first) about super, or hyperinflation. What would it matter that they prolong the game, increasing the problems, as they all get resolved by super/hyperinflation anyway, I don’t get that one, as it’s very rare I can’t follow his reasoning. In 2009 I agreed on that one, but are we not past the point of no return? The extra time it takes, the more time it creates to get more people wakening up, as in that long extra time some big frauds came to light, which truth tellers can use when they probably get a bigger audience when the system collapsed along whatever route. This system has to crash, as it’s an evil one, but we are in that boat now, and let’s hope it will sink very slowly and gradually to limit the number of casualties, financially and/or physically. I hope the truth tellers are out there, at the time we steer into a new system after the collapse, a sudden or gradual one, hoping the truth tellers will get enough momentum to make the difference when systems get reconsidered. May the view of the founding fathers of America go viral one day, and the Source of Love (in and outside us) bless us all. Expect the unexpected.
Peter Schiff is savvy, i was following him since the Lehman Brothers melt down, He bought the house he was renting (that what he said on his broadcast then) in 2009, and when every one was expecting a deflation and houses are going lower he called the timing right and after he bought the house sure enough the bubble was re inflated and prices were back up again, so that was a good call on the housing market, as far as gold calls no one was conceiving the Arab spring that was harvesting the gold of Arab countries and being dumped in COMEX warehouses to suppress the price of PM so i do not hold him on the gold/silver calls but yet as he said in the interview they are doing well, but the market that was inflated was doing much better since 2008.
Great interview and thanks for this brilliant guest
Schiff makes complicated issues understandable. His low key, common sense style lends him credibility. Thanks Greg, for bringing back a favorite!
More of the same is right, crying wolf is getting old. Whatever happens will happen, the game will continue, just might be a little less attractive for the masses. TPTB (whoever you say they are, lol, hate that ) are not gonna let this collapse, they’ll just change the rules because they have more to loose then everyone else. Without us, there is not them.
I appreciate the insight and viewpoint. Thanks Peter and Greg!
Brian Williams Suspension: Experts Weigh in on Whether His Career Can Be Salvaged
The fallout from Brian Williams embellishing his helicopter journey in Iraq has become such a public relations disaster, that he may not be able to salvage his damaged reputation and return to the NBC News anchor chair, media analysts say.
Which means he’ll have time to read the news, boy will he be shocked. He just better hurry up! Our hope and change, so called transparent president. Not! Wants to change the internet, before the 2016 election for president. Maybe he wants to bring hope and change to the whole wide world, permanently, perish the thought!
Republican FCC commissioners: Net neutrality plan misleads the American people
Republicans on the Federal Communications Commission and in Congress question the White House’s influence over the agency, and claim dire consequences if the broadband industry undergoes stricter regulations.
by Marguerite Reardon
@maggie_reardon February 10, 2015 4:55 PM PS
Republicans aren’t happy with the Federal Communications Commission’s plan to regulate the Internet like telephone service, and they’re going out of their way to make sure people know it.
The FCC commissioners (left to right): Ajit Pai, Mignon Clyburn, Tom Wheeler (chairman), Jessica Rosenworcel, and Michael O’Rielly.
The latest broadside comes from within the FCC itself, with Republican commissioner Ajit Pai using a press conference Tuesday to lay into Chairman Tom Wheeler’s proposal on Net neutrality, or the idea that all Internet traffic should be treated equally. Pai argues that the proposed new regulations would give the government too much power over the Internet.
“The American people are being misled about President Obama’s plan to regulate the Internet,” Pai said, suggesting that the White House exerted undue influence over the agency.
Michael O’Rielly, the only other Republican commissioner on the five-member FCC, echoed Pai’s statement, adding that the information the FCC has offered publicly about its Net neutrality proposal is not the full truth.
The comments by Pai and O’Rielly are part of an increasingly vocal attack on the FCC’s proposal, an attack that includes questions about whether President Barack Obama pushed his own beliefs onto the independent agency. The opposition stems from the fear that added regulation will result in higher broadband prices for consumers and strip incentives for broadband companies to invest in upgrading their networks. The moves signify a last-ditch effort by Republicans to stop the FCC from adopting Net neutrality rules.
See also: Net Fix — making sense of the Net neutrality debate
While nearly everyone agrees that some rules are needed to protect the Internet, they don’t agree on the legal basis for making these rules. At the crux of the current debate is Title II, a provision that reclassifies broadband as a telecommunications service that falls under telephonelike regulations. Obama, most Democrats and Wheeler favor Title II, while Republicans and broadband providers like Comcast and Verizon are vehemently against it.
It’s highly likely that the proposal will make it through the FCC. Republicans on the commission and in Congress will continue making noise until the FCC’s final vote on February 26. But Wheeler, a Democrat appointed by Obama, has the three Democratic votes needed to pass the measure. Congress could push through new legislation it has been working on as an alternative, but Obama could veto the law.
Under the influence?
As part of the assault on the proposal, Congressional Republicans have questioned the impact Obama had on the FCC’s plan. On Monday, Senate Homeland Security and Governmental Affairs Chairman Ron Johnson (R-Wisc.) sent a letter to Wheeler demanding a written explanation of what led Wheeler to conclude that an earlier proposal he considered was “no longer appropriate.”
“Since the FCC is an independent agency that derives its authority from Congress and not the White House, it is highly concerning that the White House would seek to take on this level of involvement in the regulatory process of the FCC, or attempt to supplant completely the agency’s decision-making apparatus,” Johnson said, demanding that the agency send him documents by February 23.
Last week, the House Oversight and Government Reform Committee also opened an inquiry and demanded records of communications between the FCC and the White House pertaining to how the rules were developed.
Pai, along with Congressional Republicans who oppose broadband reclassification, have questioned the influence of the White House. In November, Obama issued a statement urging the FCC to adopt strong rules based on treating the Internet as a public utility. In January, Wheeler, speaking at the Consumer Electronics Show, indicated for the first time publicly that his proposal would indeed follow those public utility rules.
Republicans believe that Obama’s statement, along with other influence from Obama’s staff, may have interfered with the FCC’s process for developing rules.
Wheeler has said repeatedly that he was already considering broadband reclassification even before Obama weighed in on the issue. His staff reiterated his thinking Tuesday in a statement.
“Chairman Wheeler welcomed the president’s point of view, as he welcomed the millions of Americans who made their views known,” a spokesman for the FCC said in an email. “After a yearlong process, Chairman Wheeler put forward a proposal that uses every tool in the toolbox to make sure the Internet stays fast, fair, and open for all Americans.
Wheeler’s initial proposal, introduced last May, did not include broadband reclassification. In fact, Wheeler had said that such an action would be a last resort for the FCC in drafting rules meant to reinstate regulation.
But the chairman has explained that over the course of the past year, and after reading some of the 4 million public comments filed in response to his original proposal, his thinking changed. He realized his rules didn’t go far enough to preserve true Net neutrality.
Skepticism over light touch
To assuage the concerns over some potential heavy-handed effects of Title II, Wheeler has said that the agency plans to strip out the onerous requirements meant for the telephone network, a process known in legal circles as “forbearance.” He called the light-touch approach to Title II his idea of “regulation for the 21st century.”
But Pai and O’Rielly, who say they have read through the 332-page proposal, claim Wheeler’s assurances that these new rules will not result in rate regulation and additional taxes are not valid.
“The promised forbearance amounts to fauxbearance,” O’Rielly said.
Pai said the FCC’s use of Title II to regulate broadband is an invitation to allow the government to “micromanage the Internet.” And he said he worries that future iterations of the FCC would use the agency’s expanded authority to implement new taxes or regulate rates, in spite of Wheeler’s assurances that the agency won’t take such action.
“Expect regulation to ratchet up and forbearance to fade,” he said. “The FCC is going to be deciding prices.”
In addition to finding fault with the content of the FCC’s proposal, Pai has also been critical of the agency’s process for imposing the new rules. On Tuesday, he called on the commission to make its proposal public before the vote.
But the FCC generally does not make draft proposals public until after the full commission votes. Pai argued that the proposal’s potential impact on the public interest justifies an exception. Still, he said he would not release the document to the public without the chairman’s permission.
This story is part of a CNET special report looking at the challenges of Net neutrality, and what rules — if any — are needed to fuel innovation and protect US consumers.
WOW. Two guest on back to back that I agree with. Axel Merk and Peter Schiff. Agree with Peter on the Greek situation. I do not believe that the problem in Greece is as big as many others seem to think. It is highly unlikely that Greece is going to cause the end of the EU, or a worldwide derivatives meltdown, or the bond market to pop. Eventually these thing will happen to some degree in time. To what degree and when no one knows but God.
Good interviews Greg.
Which Problem exactly JMiller ?
The Unemployment ?
The Depression ?
The insurmountable Public Debt ?
The Bankrupt Nation that is Greece ?
The eternal servitude of the populace ?
The concerns that Holders of Greek Bank/Government Debt have over non-payment?
The quantum of the Derivatives linked to the Debt ?
The leverage on the derivatives that is not fully understood for its capacity to put a 70 TLN dollar hole in the world’s assets ?
The possibility of Greece harbouring Russian Naval Vessels?
The potential to permit a gas line to run to the Balkans ?
The NATO state ceasing to be one.
The new “Alliances” with Russia and China that it is developing?
The dislike and distrust that the EU has with Greece being at odds with the EU’s new found friendship with Russia ?
Or is it the matter of proximity to Italy, Spain, Portugal, Turkey and France that has you unconcerned ? Geographical location notwithstanding, they all display similar issues.
You are correct. Its not a BIG problem …until it is. Just like Lehman was containable.
Looks like a few people agree with me too…..
Keith Barron …http://kingworldnews.com/greek-crisis-set-ignite-panic-markets-around-world/
Egon von Greyerz …..http://kingworldnews.com/man-predicted-collapse-euro-swiss-franc-time-running-global-financial-system/
Too many lies…..from the mouthpieces of the Planners.
Who cares who agrees with you but I am glad it makes you feel better.
No EGO trips here my friend.
All in the name of information and knowledge.
I am truly in Awe of your post countering JMiller’s characterization of the ‘little problem’ in Greece not being that bad.
Per JMiller’s comment: “I do not believe that ‘THE PROBLEM’ in Greece is as big as many others seem to think. It is highly unlikely that Greece is going to cause the end of the EU, or a worldwide derivatives meltdown, or the bond market to pop.”
I read down through your list of ‘the problem’s’, which is extensive, AND accurate, and every single one of them struck me as a pretty large and significant PROBLEM, in an of itself, much less in combination with all of the others in the list!
I liked your final statement, “Its not a Big Problem… Until it is.”
Kinda reminded me of an old TV show…
“One of these Days Alice….
It Truly will be one of these days. 🙂
Not every item on SIG “problem” list is significant at least to me . And I fail to see what the new “Alliances” with Russia and China that it is developing, on SIG list, has to do with Greece. Never heard Greece being brought into the Russia-China discussion before. And what did you mean by the “little problem” in Greece? I sure did not say that Greece has just a “little problem”.
My Apologies JM.
I didn’t mean to offend you. The thought that I was wanting to emphasize from SIG’s post was that the global instability is alive and present. The ‘House of Cards’, this Ponzi Scheme of a Financial System is inherently unstable. What it will take to unsettle it is only one massive unexpected and uncontrollable nudge to send it over the cliff.
That nudge will come. No one knows when.
Best to you JM, and to All of us,
No problem Collateral Damage. There are plenty of problems going on in the world that could get worse and some of them probably will. I do not believe in the worst case scenarios that I here. The vast majority of the times the best case scenario and worst case scenario never happen. It is usually something in between. I sometimes do not make myself clear and people misunderstand what I am really trying to say and then they think that I have “rose colored glasses on”. I just have a difference of opinion on the severity of a potential crisis.
Some of the “problems” you list are not that big and important at least as far as globally. And where did I say that I was unconcerned about Greece or what might happen later on if one of the MAJOR things on your list happens?
Your original comment gave me the impression of the lack of concern/underestimation of the problems you have about Greece or that Greece is of no consequence, not important or insignificant.
All of the issues that I list are factual and ……individually or collectively are relative, relevant and significant.
To grasp the consequential nature of the state of play…consider the interconnected world in which we live.
No State of the EU is too small to be meaningless. There are too numerous effects that are indirectly attributable to any adverse changes…aside from the direct ones.
Not a lot new here from Peter? So much going on right now, he could have had more input for the folks.
Thanks for having Peter on again. While what he says may seem a bit repetitive, the man knows what he is talking about. How many people doubted him in 2006-07 when he was calling for the impending crash that showed up in 2008?
Our economy will continue to have these boom and bust cycles along with crashes as long as we keep doing the same thing over and over again. What is the definition of insanity?—to keep doing the same thing over and over again and expecting different results.
Thanks again for all of your hard work.
Obama’s war powers request meets resistance from Democrats:
Present Greek minister of Finance (and professor in Economics) Yanis Varoufakis (and professor in Economics) Yanis Varoufakis in a lecture in 2011 that in doing research for his book he came across the most poignant phrase that characterized the second post-WW2-period after president Nixon closed the Gold Window. This phrase belongs to none other than Paul Volcker, head of the Federal Reserve at the time. He said it one month after president Carter had appointed him in a speech somewhere in Europe:
“At the juncture that the world finds itself [in the late seventies] there is a choice between stability, and the controlled disintegration of the world economy. It is in the interest of the United States of America to opt for the latter.”
Quite remarkable words for the head of a Central Bank. And not any Central Bank, but the Federal Reserve.
[between 4:30 and 5:45]
Unlike the cowards of today, the gentle giant, with big cigar, saved our ass’ets, by grabbing the bull by the horns. In 1975 it looked like curtains, Vietnam fell, we were in the worst recession/depression, since 29. The price of the guns and butter,Vietnamese war, was stageflation. We bought the gun’s, but for the first time in US. history there were no sacrifices from the American people, except of course, poor young, southern/mid-western, males, generally. Unlike world war’s I and II, no sacrifices meant, still plenty of butter to keep the populace happy. That’s how you fight unpopular war’s, the printing press, no taxes, no sacrifice’s. But unfortunately it’s bankrupting, future generations will pay. Well the can has been kicked down the road long enough. Iraq, Afghanistan, the welfare state, to big to fail banks and the Wall St. traders that fleeced them and guess what? Were that future generation thats get’s the bill, not the endless one’s in waiting my friend, the future is now, and were dead! Yes were dead men walking. It’s just a matter of time and there ain’t enough of it, as you will soon find out. It’s just to bad a true American hero, that nobody knows, Paul Adolph Volcker, to bad cant be called upon, to save our ass’es a second time!
Paul Adolph Volcker, Jr. is an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.
News about Paul Volcker;
Volcker Is the New Central Banking Hero of Turkey and Russia !
Central bankers invoke former Fed chief in inflation fight
BloombergBusiness; 2 days ago 2/10/15
Paul Volcker’s legacy is living on in the central banks of Turkey and Russia.
The former U.S. Federal Reserve chairman’s 1980s attack on double-digit inflation is being seized upon by modern-day policy makers keen to fend off political criticism or earn credibility in financial markets.
In Turkey, Governor Erdem Basci on Monday used Volcker’s success to rebut President Recep Tayyip Erdogan’s unconventional argument that lower, not higher, rates are the route to weaker inflation. The country’s pace of price increases slowed to 7.24 percent in January.
•QuickTake: The Volcker Rule; http://www.bloombergview.com/quicktake/the-volcker-rule
“History tells us that there is a feasible solution to inflation,” Basci said on Monday. “Inflation in the United States reached double digits toward the end of 1970s and there was a solution. The solution was immediate, rapid monetary tightening, strong enough to make sure that inflation and expectations fall, at some short-term cost.”
“This required determination. And Paul Volcker had that determination,” he said.
Erdogan on Sunday reiterated that the bank’s policies are incorrect and that it would be “held accountable” for its management of monetary policy. While Basci last month reduced Turkey’s benchmark rate by 50 basis points to 7.75 percent, Erdogan said bigger cuts were necessary, extending a year of criticism which began after an emergency rate increase in January 2014.
“The central bank’s approach is not right,” Erdogan said.
Meantime, in Russia, Governor Elvira Nabiullina is citing Volcker as she wrestles with the fastest inflation in almost seven years and the most volatile currency in the world. She unexpectedly cut Russia’s key rate last month for the first time since December 2011, just six weeks after an emergency increase to 17 percent.
Nabiullina, who’s been blamed by politicians and business leaders for mishandling her nation’s currency crisis, made a case that the central bank’s credibility is intact after the surprise easing raised concern that policy makers acted under political pressure. Inflation in January jumped to 15 percent from a year earlier.
“I have a lot of respect for Paul Volcker, who was able to achieve a decline in inflation while guiding the country through a difficult period,” Nabiullina said in an interview on Saturday with Bloomberg Television.
Volcker, who is now 87, helmed the Fed from 1979 to 1987, driving the benchmark interest rate above 20 percent to tame 14.8 percent inflation at the price of two recessions totaling 22 months and complaints from politicians.
Too bad, too bad, the USA is, broke, busted and disgusted. Time to move to Turkey?
Tight Makes Right!
Kudos on a good comment.
I don’t have to tell you, too much has changed since 1980………. He raised rates 15% back then. Easy when you have little debt…… Today raising rates 2% would bankrupt us. Oh, that’s right, we’re already bankrupt. Carry on.
Thank you so much for the link in your post. Very enlightening.
Iona, I was thinking the same thing . Same OL Schiff.
Why silver, the gold’s younger brother, is not busting the rigged game?
I always asked my self that question knowing that silver is scarce,industrial, consumed and byproduct of other metals (no specific mines of silver since it is not cost effective for now to have its own mines).
So what is the key of keeping Silver suppressed?
I reached the conclusion that it has to be the RATIO, playing that ratio to to make silver BULKY will make it less attractive to hoard.
Historic observation shows that the Zakat threshold in the islamic kilapha that was extending from spain to china was decided on a ratio of gold/silver 1/6…!.
That ratio is been in the works for 1500+ years.
It is attractive at that ratio to hoard silver since the bulk has value compared to the ratio of 1/80 that it once reached which make the bulk a burden.
When gold soared to 1900 before the fall of Tripoli the ratio was closer to that historic ratio.
Look at the “10 year” ratio chart and it is easy to see that ratio at its lowest just before the theft of Libyan gold that brought the gold price down and the RATIO UP.
I can speculate that the rigged game concentrates on making the ratio wide enough so money managers will find the silver bulky enough to hoard as a hedge.
Also I can say that most of that Libyan gold that was stolen in 2011 WAS DUMPED ON SILVER rather than gold to widen the ratio and eventually bring the silver further down, plus the replenish of COMEX warhorse to meet deliveries of mature future contracts.
“We have no hope of repaying the principal.”
Why would we want to hope to repay the principal?
By repaying the principal would we not simultaneously extinguish our “money”? Are they not exactly the same thing regardless of what term we use?
If debt = money, then no debt = no money
What am I missing?
It seems lately there are signs of both deflation and inflation. The items I’ve bought this year from big names on sale are at ‘fire sale’ prices, for example, like they’re just trying to get rid of stock at any price.
On the other hand, more and more businesses are closing, some that were institutions in town for many years. Every day brings another shock, from the local car dealership, hardware and shoe store to Radio Shack. People who had ‘secure’ jobs are being let go because they ‘cost too much’. The low price of gas doesn’t seem to have helped families get along. I heard a lot of grumbling when the price was near $4, now not a word that it’s a blessing it’s almost $2 lower. I think this is because people are just too overwhelmed to notice, because what looks like inflation to me has been hitting the grocery store, fast food, every kind of restaurant harder and harder. The things people need every day cost more. You can lie about some things, make the containers smaller, etc., but you can’t make an avocado or a chicken do that very well, so I look at food as a good inflationary flag.
Where am I getting this wrong, Greg? Can we have both at the same time?
Generally when you get an item at a fire sale it is a company trying to raise some cash quickly, its bank account is low, its hungry and must make payroll or other financial commitment; not a health sign of a company, its all over right now. On the other hand perishables such as the avocado or the chicken has a short shelf life and must be sold above cost quickly or loses add up quickly and the company can’t survive even in the short term. This is why companies are practically giving way away some hard items but others, such as food, is going up; musical chairs with perishables and if caught total loss, hard items even if caught without a chair can still bring money in.
Just a heads up to your readers. While everyone is focusing on Greece (as well they should) right now, Germany in the end will deicide the fate of the dollar. In March 2014 Germany signed a currency pact with China accepting the RMB for payment.
They have already laid the groundwork to transition to the East if things should go bad with Greece. In economic survival, its every man for himself, and Angela Merkel is no different. I wonder why she met with Putin on Monday? Id wager it has more to do with leaving the EU than what’s happening in Ukraine.
Jerry. Angela Merkel took a knife to a gun fight on Monday. I read she gave Putin a deadline he laughed at. Thanks for the link. I was looking for this last week.
Jerry. Update. Putin agrees to a cease fire. http://cnsnews.com/news/article/putin-leaders-agree-deal-ukraine-cease-fire
the only option the greeks have is to join the US empire, pivoting toward Russia will only lead them to long term conflicts and degredation by the non Russia alignment.
no government under USD economy is required to repay any debt,
reserve currency privilege.
Kingdollar, you hit the nail on the head. or should I say dollar?
One must disagree. History and human nature both incline toward repudiating their debt. And at some point – all the threats in the world will not avail.
One of my all time favorite guests: Peter Schiff. Always clear and easy to understand in his explanations of what is going on in the world economy. Great guest! Thanks for having him on your show.
Greek and EU talks collapse as the IMF looks on.
This SOB scumbag lowlife killed 3 educated college students just for their belief,
This is what i have been talking about and i think there is a methodical well calculated plan in unleashing ISIS in order to set Muslims here and in Europe for a slaughter.
9/11 was the beginning of that plan and it will never end until they cleanse EU and North America form every god fearing muslim.
I can link to tons of reports about the the concern many agencies have regarding the rate of which islam is increasing, actually the biggest surge of embracing Islam was after 9/11 because a lot of people with open minds saw the truth and learned more about Islam.
Off-topic & unsubstantiated conclusion!
“i think there is a methodical well calculated plan in unleashing ISIS in order to set Muslims here and in Europe for a slaughter.”
Yes, but to be slaughtered not only here and in Europe, but especially in the Middle East. This agenda began in earnest in 2004 with the invasion of Iraq.
“With 760 dead in Iraq and over 3,000 maimed for life, home folks continue
to argue why we are in Iraq—and how to get out . . . Even President Bush
acknowledges that Saddam Hussein had nothing to do with 9-11. . . Of course
there were no weapons of mass destruction. Israel’s intelligence, Mossad, knows
what’s going on in Iraq. They are the best. They have to know. Israel’s survival
depends on knowing. Israel long since would have taken us to the weapons of
mass destruction if there were any or if they had been removed. With Iraq no
threat, why invade a sovereign country? The answer: President Bush’s policy to
—U.S. Senator Ernest F. Hollings (D-S.C.), Writing in The Charleston Post and Courier, May 6, 2004
Here is a well researched, well documented article written in 2004 that provides the background for this dire situation which progresses unabated even today in this continuing age of Dajjal.
You have no idea what people in this country are capable of until you read our history.
In my state we had the ” Extermination Proclamation” which basically made it legal to kill Mormons until it was repealed in 1977. Have you ever heard of the Trail of Tears? And who could forget the Japanese internment camps of WWII? Anytime people are skeptical about FEMA camps, and government takeover all they need to do is look at our history. Anything is possible.
I heard it was because they took his parking spot?
When it comes to the guys who form and execute plans on the level your talking about you are talking about people who consider all forms of religion to be nothing more than lever that can be used to divide populations for the purpose of better controlling and exploiting them.
As individual human beings we are best served to learn the distinction that exists between beliefs and Faith; where a belief, although important and something of value, is no more than an instrument, that if used properly, serves to inspire, cultivate, nourish and manifest itself as an expression of Faith. Faith then being an intimate understanding that there is a Creator and our purpose in this Creation is to form as complete a relationship with our Creator as we possibly can.
When one loses sight of the distinction between faith and belief one then becomes open to the degenerative manipulations of the parasitical men of this world who have openly declared war on God with their every thought, word and deed.
5 comments out of 6, did not show any remorse nor pity on 3 young American citizens that went down one bullet in each head execution style.
No tears shed except from the mom and dad of the dental student and the mom of dad of the other two ladies his wife and her sister and me.
Not even one single prayer in those posts…..!!!!!!
So interesting noticing responses that are as cold as the ice of Michigan and may be colder, JUST BECAUSE THEY ARE MUSLIMS.
Nuph said, am closing my thoughts here and am praying for the victims and their families.
Mohammad, Please don’t take it personnel. The American people are just so numb with all the death and destruction that goes on day and night throughout todays wicked, wicked, world!
…but are the comments as cold as someone who initially used such information as a vehicle to carry to us their unsubstantiated, brow beating sentiments. You should consider your own actions which prompted all that you chastise here before you get too carried away….
Still not one single prayer to the victims.
I meant for the victims.
…..you mean still no public pharisaic display of mourning that is as impotent and prosaic as it is displeasing to God?
My friend, often times the most sincere petitions to God and the most heart felt mourning occurs in privacy, shame on you for assuming so much about so many. For shame for shame.
Sick to my stomach from this apathy.
Am out of this place.
We have great respect for you and your tireless work. Your guests are sincere in their beliefs and give great in-depth analysis from their perspectives. However, as Time grows short, it is becoming increasingly more dangerous to be led down false alleys of misinformation.
The writings and spoken words of Joel Skousen–like Catherine Austin Fitts–lead down a different path, as articulated in his recent article: The Case Against Imminent Economic Collapse–http://www.strategicrelocationblog.com/blog/the-case-against-imminent-economic-collapse , and he would make a great interview.
Skousen’s thesis is that economic collapse will accompany World War III, which will commence with Russian nuclear strikes against key military bases, as well as an EMP strike that will cripple the entire country. War will be blamed for the economic collapse. He believes this will happen some time in the next decade since Russia and China are not yet ready and capable; therefore, he encourages us through his works and research multiple ways to prepare.
Truth is precious, like a perfect multi-faceted diamond–Let the light continue to shine through!
Do you know where I can find Joel Skousen’s thesis
or dissertation paper about Russian and Chinese intentions
regarding the plan to nuke the U.S. by 2020 ?
From what you wrote, you seem like you are familiar with
that work. I tried to Google the work but came up blank.
Has it been scrubbed from the internet ? Any help is appreciated.
Schiff says … “the next calamity … is just a matter of time”
Speaking of calamities … look at the calamity below that just took place.
It’s exactly how one would expect some incompetent 9/11 “Al Kyte A” guys to take a building down!
This is the link to Joel Skousen’s web site– http://www.joelskousen.com/
Also, if you google his name and you tube, you should find many of his videos/interviews discussing his thesis. He is a prolific writer and speaker. Hope this helps!
This is worth watching. This is Nigel Farage speaking in the European Parliament. He runs Britain’s most right wing mainstream party and is a member of the European parliament. It is clear what is happening in Eurozone now transcends normal right and left wing politics. https://www.youtube.com/watch?v=qDrhBxKRfdo
Greg, what most of the bloggers are missing is that the dollar is still the reserve currency and as such it can just print at will, a long, long can kicking if you will. One should never underestimate the elite with their and cunning to survive and stay on top. Although your guest’s predictions, will of course, come to fruition at some point in time he understands the holding power of the Federal Reserve, the crooked politicians and the military industrial complex & the modern multi-corporation elite. In fact, maybe he knows them a little too well. Be that as it may, only a big black swan can ever take down a building in on shake, the engineers designed it to withstand enormous pressures. Therefore, don’t bet against the elite on the short run as they have no intent on going anywhere even if they have to starve or jail all their dissenters.
Art We’ve ALREADY been kicking it a long, long time. That’s the whole problem…….It’s the reserve currency UNTIL everyone else says it’s not. That could be any given day “they” choose. At this point we don’t hold our future in our own hands. So print till the sun goes down, you’re only digging your grave deeper……… I’m going to repeat the most important part of my post…… ” we don’t hold our future in our own hands “.
“If reports in the Arabic media and now the English language media bear out in the coming period, an exceedingly dangerous new battle in the almost four-year-long Syria revolt/war is apparently now being joined.”
Want to get old fast?
Click the picture for better view.
I thought they were in retreat and the campaign is successful.
And that will be a good excuse to increase our boots on the ground, ala NAM:
From reading Bill Holter off JSMineset this morning – I think that the Western (US) Empire will continue to be papered-over: until the other half-the-world finally rains on it’s charade-parade. At some point – the paper-mache will fall.
Sorry for too many posts but fast events:
This may play the same book of the Jordanian pilot which dagger Jordan into the inferno, they are dragging Israel name in it to pull Israel if something drastic similar to what happened to the pilot happens to this young man from East Jerusalem, seems like they may set a worse example:
This is in Arabic but in brief it seems that ISIS is holding in Libya some hostages threatening to slaughter them, it also says in the report that they are Christians from AKBAT in Egypt.
Please notice that this escalation comes on the heels of the warming up of the relations between Russia and Egypt….quite an odd timing….
Dead line is looming for negotiations with Iran, and they are going no where. IRAN will NOT give up its nuke, and now we are in a dangerous month MARCH, where to go from here if they insist (and they will) on saying no to giving up their program?????
They may get Putin to stop at the old border between Russia and Ukraine. He is going to take back his people and land. They will also have to agree to keep NATO weapons off his border as we promised many years ago. Meantime our moronic State Deartment bunch of amateurs will have to eat dog schiumer for destabilizing the whole area. You put the dumbest man in the US Senate in charge of the State Department amateur hour and this is what you get!!
Predictions are a dime a dozen (near worthless) but by Friday we will probably be looking at an all time market top (so you can all rest because everything is just great), perhaps a double top…… This next weekend is a long 3 dayer which would be a perfect time to let the Greece dominos fall…….. They would have their cover (good market/economy ?) and Greece to blame….. Perhaps too soon unless the plan is for a long drawn out (slow) collapse. In which case bank/finance problems would just be the start………Rare earth metals (think military) are catching another bid also.
I’d like to hear Jim Rogers again. Talking while riding on his Stationary Exercise Bicycle (SEB). He has been predicting that gold will decline by 50%. I’d like to hear him articulate his deflationist point of view.
While I don’t disagree with anything Peter Schiff says here, he pretty much says the same thing every time he’s on.