Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By BARRACUDA (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Peter Schiff: The Whole Bubble Economy Will Implode

% of readers think this story is Fact. Add your two cents.


 

Recently by Peter Schiff: Record Physical Gold Sales

Lew Rockwell

Yesterday, on CNBC’s Squawk Box, Peter Schiff explained how the Fed’s stimulus has only delayed the real recession that will ultimately trigger a dollar collapse, and why Japan is stewing in the same brew of bad money.

“The bottom will drop out of the dollar. The US dollar is going to lose a lot of value. Not only against goods, but against other fiat currencies. The dollar is going to go down, that’s going to push prices up higher in the United States, consumer prices. Eventually the fed is going to have to turn off the presses in order to save the dollar and that’s when the real fun begins, because that’s when this whole bubble economy implodes…”

 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 11 comments
    • actup

      maybe then the American public will wake up, by then it will be too late I guess

    • Bill Bledsoe

      What a joke, the fed is not stimulating our US Economy.

      The foreign owned Federal Reserve Bank of New York is counterfeiting 40 billion US Dollars every month and laundering the money through foreign banks like the Deustch Bank by buying American Mortgages and shipping them overseas to governments that make it legal to steal the mortgages from Americans.

      There are 57 Hitler Like Dictators that all want to cause an economic collapse in America to bring in a Hitler Like Dictatorship so they can steal American’s possessions. Each of these Hitler Like Dictators make it legal for any of their citizens to steal any American’s property and keep it. Each of these Hitler Like Dictators, many of whom own the Federal Reserve Bank of New York, mandate that every one of their citizens must war on Americans. Each of these Hitler Like Dictators make it legal to kill any American in the street and keep their possessions as spoils of war.

      These 57 Hitler Like Dictators are all members of the Organization of Islamic Cooperation.

      They fund terrorism in the US and fund the Federal Reserve Bank of New York’s trying to cause an economic collapse in the US. They follow Hitler’s plan exactly:

      Hitler always did the same thing to convert a republic into a Hitler Like Dictatorship to steal the victim’s property:
      1) Hitler registered guns, later he had Brownshirts take the guns
      2) Hitler took away his victim’s civil rights
      3) Hitler caused an economic collapse by government overspending and counterfeiting exactly as the Federal Reserve Bank of New York is doing.

    • Anonymous

      So goes the end times, this is just part of a total control by the elitists. But to bad for them God is the one that is in control.

    • manufactured2012

      PEOPLE! START TO LISTEN & LISTEN GOOD! THIS IS WHATS HAPPENING!

      New Century Version – Dan 8:23-25

      “When the end comes near for those kingdoms, a bold and cruel king who tells lies will come. This will happen when many people have turned against God.24 This king will be very powerful, but his power will not come from himself. He will cause terrible destruction and will be successful in everything he does. He will destroy powerful people and even God’s holy people.25 This king will succeed by using lies and force. He will think that he is very important. He will destroy many people without warning; he will try to fight even the Prince of princes! But that cruel king will be destroyed, and not by human power.”

    • vet4freedom

      i been getting ready for this since OBOZO took office . i feel sorry for those who arent ready .

    • harryc

      I think the overwhelming power of stupid will keep on marching on till everything collapses and people start eating each other…again!

    • Thane36425

      It will eventually, and when it does it will be bad. Government is just lucky that people haven’t noticed the 40% loss in the dollar’s purchasing power over the last 4 or 5 years. Most might notice that the dollar doesn’t buy as much at the grocery anymore, but don’t make the connection and don’t worry because the stock market is going up.

      • dj

        Yes the portions are getting smaller all the time, but it dosn’t seem to get noticed by the sheeple does it?
        I don’t feel sorry for them either. They’ve had years to wise up and all they do is go on vacation, eat out every Friday, and buy a new car every year.
        Well I guess it was fun while it lasted for them. I’ve spent the last 4 years prepping; that means no vacations, new cars, or any other creature comforts, I have a duty to see to it that my family is taken care of, and I take that duty very seriously. Non preppers need not come looking for any handouts from me.

    • anonymous

      Hey elitists and NWO operatives, when the heck is this economic collapse supposed to go down anyway? Can’t you all hurry things along a little? This is getting boring. You all are like the Yankee Generals during the Civil War, wait more troops needed, no, wait some more. More troops! Enough already, lets get this show on the road. ‘Lincoln’ is turning over in his grave at the remembrance. Yankee political Generals, all of you.

      • dj

        When they have all thier ducks in a row it will come down so hard you won’t believe what’s happning.

    • GloryToCreator

      What is happening with the Cabal?

      Pay attention to the 4th week in May.

      If Los Angeles still exists by the end of 2013, then maybe the Cabal will force a US economic downturn.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.