I wonder if Schiffty Pete’s call to bomb Iran has anything to do with his prediction that the price of gold will rise to $5,000 per ounce?

Even if America did bomb Iran, I don’t think that’s what would drive the cost of gold to go up. It would be the devaluation of the only other contemporary way to measure monetary value: the US$.

Schiff may have made some off comments about making bombing runs on Iran, but I don’t think it was in context or a fair representation of his ideas about foreign policy. Let’s give him a fair chance to explain himself, as I’m sure he will have to if he’s running for senate.

Sorry, I dont talk to 7 year olds or Schiff cult members. They have the same mentality.

Yeah, big moves in the treasury markets… that massive debt is starting to be a bigger and bigger burden on us.

@lizardgizard2002 A 7 year old could grasp simple concepts like ‘you cant spend your way out of debt.’ Seems like you may be better served by listening to some 7 year olds, their simple logic tends to outstrip many of these would be economists. But its ok, keep your money in US dollars, thats just more gold for me.

Uh… No. As a matter of fact, Schiff himself studied economics. It just depends on HOW YOU APPLY ECONOMICS. Apparently, subprime lenders/borrowers and the Feds did not know how to stick to the most fundamental principles of macroeconomics while Schiff did.

Schiff for Senate

watch?v=jvbl0sGy_dg

PETER SCHIFF 2010 !!!

My short on the 30yr has done 10% in the last 3 months, 15% in the last month and 11% in the last 5 days. It got rocked a little when the FED did some buying, but it just keeps climbing.