Peter Schiff Right After All?

Discussion in 'Economy' started by Kevin_Kennedy, May 29, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    [youtube]-mfALQBLPCE[/youtube]
     
  2. neurosport
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    neurosport BANNED

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    time will tell

    the one thing he was consistently wrong about is the whole decoupling business. how only US stocks and currency are supposed to take the hit. instead everything was the opposite - other places were getting hit harder than US. now it seems to be turning around but for how long ?

    time will tell ...
     
  3. editec
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    editec Mr. Forgot-it-All

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    The trade deficit pushes the dollar down.

    Fiat dollars push the dollar down.

    Rising prices of imports send money offshore, thus driving down the value of USD.

    Free trade, my ass.
     
  4. wimpy77
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    wimpy77 Member

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    its being said by a good number of people that the us dollar is being pushed down by bernanke on purpose.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    ...or Soros.
     
  6. Paulie
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    Paulie Platinum Member

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    Meanwhile, we're accusing China of currency manipulation. :rolleyes:
     
  7. Paulie
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    Paulie Platinum Member

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    The only way he could single handedly push the dollar down in a significant fashion, being the private citizen that he is, would be massively shorting it on the FOREX, and he'd probably have to help it along even more by bringing the currently stronger currencies up by taking huge long positions of those, in conjunction.

    Do you have any evidence of this?
     
    Last edited: Jun 1, 2009

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