Peter Schiff on Where Gold Is Going

Peter Schiff on Wednesday, June 26, 2013.   

 

Peter Schiff on Monday, June 21, 2013

 

A few guys were mentioned in this interview.  Their names are Bertram Seligman, Jim Sinclair's father, Jesse Livermore (and his 21 rules for trading), and Harry Schulz, who is still alive at 90.

Fair Tax or Flat Tax with Dr. Gary North

Dollar Crashes, Stocks Skyrocket . . . While Metals Will Kickstart When Bonds Crash and Rates Skyrocket

Gregory Mannarino.  Here are a few of his comments from the video above that were posted at Jim Sinclair's site.

Analyst-trader Gregory Mannarino says, “The Fed is the sole driver for the market at this time.  They’ve caused an absolute and disconnect in the economy and the market.  When that happens, you know you have a bubble. . . . The Federal Reserve is hell-bent on hyper-inflating the stock market at the expense of the U.S. dollar.”  Mannarino predicts, “I believe the market will be higher at the end of the year than it is now.  Why? Because they’re going to hammer the dollar and hammer metals too.”  Mannarino goes on to say, “They do not want us to believe that gold and silver are real money.  They want you to believe that pieces of paper with 100 on them are real, and they can’t have people in real assets.”  Mannarino says the wealthy of the world are not being scared off by the Fed’s price manipulation in the metals markets.  He claims, “Anyone who has their eyes open here understands the demand for these metals has never been higher by the richest people in the world. . . . You’re going to see gold, silver and crude spike to highs people are not going to believe.”  As far as the not-so-rich, Mannarino simply says, “. . . They’re being led to the slaughter.”  Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.    

What Happens When You Disobey Economic Law

from ZeroHedge:
These are clear warnings signs that a rational person simply cannot ignore. Bottom line, Nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly. What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed). Many people will resist the change and instead cling desperately to the old system - the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren't obvious, here is three minutes of clarity from Ron Paul and Jim Rogers..."I would expect that there is going to be a lot more chaos still to come." - Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers Via Simon Black of Sovereign Man blog, The world is truly an enormous place... and, despite the dearth of good news and positive trends out there, I still see a lot of amazing opportunities in my travels. But it's really important to remain grounded about the challenges that face us. As I pen this letter to you, in fact, - The NSA's Utah data center, which will intercept every phone call, email, and tweet sent across the Internet, is nearing completion. - The Marketplace Fairness Act, which will create additional sales taxes on US-based Internet transactions, is set to pass the Senate next week. - The government of Cyprus just passed the final bail-in measures, officially authorizing the direct confiscation of people's savings in that country's banking system. - The Bank of Japan recently announced its intentions to double down on their already unprecedented money printing operations. - Not to be outdone, the US Federal Reserve just announced that they will maintain their Quantitative Easing program, which dilutes the existing money supply by more than $1 trillion annually. - At $16.83 trillion, the US federal debt is at a record high and set to breach $17 trillion early this summer. - President Obama recently proposed to cap the tax deferral benefit on Individual Retirement Accounts in the Land of the Free These are clear warnings signs that a rational person simply cannot ignore. Bottom line, nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly. What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed). Many people will resist the change and instead cling desperately to the old system– the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren't obvious, I'd like to present Ron Paul and Jim Rogers, speaking together at our event in Chile a few weeks ago, with their own views on the situation.

“They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers

"We are going to have a calamity in economics and political crises as economies worldwide are a lot weaker than they tell us." - Ron Paul

"I would expect that there is going to be a lot more chaos still to come." - Ron Paul

"There are so many distortions because we disobeyed economic law - no matter what Bernanke tell's you." - Ron Paul

"Bernanke's whole intellectual career has been dedicated to the study of printing money." - Jim Rogers

"I don't doubt [the confiscation] at all; and they will use force and they'll use intimidation." - Ron Paul

Paper Money Eventually Returns to Its Intrinsic Value--Zero” Voltaire 1729

It's a $3 bill. What's the saying, "Queer as a three dollar bill"?
‘Not Worth a Continental’… ‘Shin Plaster’… ‘Queer as a Three Dollar Bill’ …
Jim Sinclair writes, "The United States has already experienced two currency collapses.  The first was the Continental Currency the American colonists used to finance the Revolutionary War. While the Americans won their independence, their currency was destroyed in the process.

The second were the Confederation notes. In an effort to finance the civil war with the North, the Confederate States of America issued vast amounts of money. At one point, the Secretary of the Treasury recommended that counterfeit money be utilized. Anyone holding a counterfeit bill was to exchange it for a government bond. The government would then stamp it “valid” and spend it."

These photos also come from Jim Sinclair's website:

An armed guard poses beside pallets of $100 bills in Baghdad.  Almost $12 billion in cash was spent by the US-led authority.  The US flew nearly $12 billion in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it,or how it was being spent.

Throughout history no paper currency has survived. “Paper money eventually returns to its intrinsic value – ZERO”. Voltaire 1729 (he has yet to be proven wrong…)

Salman Khan on Treasurt Yield Curve

Introduction to the yield curve: Introduction to the treasury yield curve.

Jim Grant Reviews the Banking Crisis

The above interview with Jim Grant appears in the film The Bubble, produced by Tom Woods.