Comments on: Peter Schiff answers all your questions about the economy – in advance http://www.rocketfinance.net/2009/06/02/peter-schiff-answers-all-your-questions-about-the-economy-in-advance/ Finance is not rocket science, unless it is government finance. Sat, 05 Jun 2010 22:48:26 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: rocketchttp://www.rocketfinance.net/2009/06/02/peter-schiff-answers-all-your-questions-about-the-economy-in-advance/comment-page-1/#comment-24840 rocketc Sat, 20 Jun 2009 17:24:31 +0000 http://www.rocketfinance.net/?p=1157#comment-24840 Interesting perspective, MLR, I will be watching . . . :) Interesting perspective, MLR, I will be watching . . . :)

]]> By: MLRhttp://www.rocketfinance.net/2009/06/02/peter-schiff-answers-all-your-questions-about-the-economy-in-advance/comment-page-1/#comment-24743 MLR Wed, 17 Jun 2009 18:28:31 +0000 http://www.rocketfinance.net/?p=1157#comment-24743 I agree that Schiff read the signs correctly about the oncoming disaster. This is a great video and one I have passed on to multiple people.I do take issue with his statement that the government is creating inflation. M1 is up, but all estimates of M3 show M3 going down.We will experience SOME inflation, though. If you give money to banks and say "lend it!" right now they aren't doing so. Why? Conservative low-risk investments are currently beating inflation. If inflation ticks up a point or two, it is no longer profitable to sit on the money. They will start lending it out more to consumers, who will use it for consumption and investment. So, inflation will go up slightly in order to spark the velocity of money. Once things start recovering the monetary base will probably be reduced a bit to curb inflation.Just my take on the current situation.MLR I agree that Schiff read the signs correctly about the oncoming disaster. This is a great video and one I have passed on to multiple people.

I do take issue with his statement that the government is creating inflation. M1 is up, but all estimates of M3 show M3 going down.

We will experience SOME inflation, though. If you give money to banks and say “lend it!” right now they aren’t doing so. Why? Conservative low-risk investments are currently beating inflation. If inflation ticks up a point or two, it is no longer profitable to sit on the money. They will start lending it out more to consumers, who will use it for consumption and investment. So, inflation will go up slightly in order to spark the velocity of money. Once things start recovering the monetary base will probably be reduced a bit to curb inflation.

Just my take on the current situation.

MLR

]]> By: rocketchttp://www.rocketfinance.net/2009/06/02/peter-schiff-answers-all-your-questions-about-the-economy-in-advance/comment-page-1/#comment-24570 rocketc Thu, 11 Jun 2009 21:33:33 +0000 http://www.rocketfinance.net/?p=1157#comment-24570 So you think all the guys who kept saying that the market was strong and would continue to grow have more credibility? Schiff's warnings were very specific and have proven to be quite accurate. So you think all the guys who kept saying that the market was strong and would continue to grow have more credibility? Schiff’s warnings were very specific and have proven to be quite accurate.

]]> By: Benderhttp://www.rocketfinance.net/2009/06/02/peter-schiff-answers-all-your-questions-about-the-economy-in-advance/comment-page-1/#comment-24566 Bender Thu, 11 Jun 2009 19:42:46 +0000 http://www.rocketfinance.net/?p=1157#comment-24566 Does it take a Rocket Scientist to figure out that if you just keep saying the market will go down over and over you will be right at some point? On top of that, if this guy is so smart why was his investment performance so bad? Does it take a Rocket Scientist to figure out that if you just keep saying the market will go down over and over you will be right at some point? On top of that, if this guy is so smart why was his investment performance so bad?

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