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SchiffReport: Fed Caused Oil Crash, Stocks Next

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[video]

Prepare for the greatest transfer of wealth. Buy physical silver and storable food.

Peter Schiff, author of Crash Proof 2.0: How to Profit From the Economic Collapse

Peter Schiff on CNBC 12/16/2014
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Source: http://silveristhenew.com/2014/12/21/fed-caused-oil-crash-stocks-next/



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    Total 8 comments
    • Ian Williams

      This is not a wealth transfer, it is a money grab – if you think mammon = wealth and that the wealth of this world is actually worth vain pursuit, it will grow wings and fly away. This crash is planned to collapse all currencies and starve people into submission to the One World Odor.

      The Chaldean word mammon is most accurately translated “confidence” while avarice or greed for gain is the root of all evil. This is the year of division – 5775 – where the drafting gates of the sheep and the goats will mean that they who follow mammon, while at the first will have seemed to made the right move, will find that God shall shut up heaven against them, and their real wealth, the TREASURE OF HEAVEN, will be denied them as they have chosen the selfish path.

      The dead in Christ (nominal dead-yet-walking Xians) will rise first. They expect a rapture, instead it will be an annihilation, and many shall enter in by the Broad Way OF (not too) destruction, yet they shall enter in as by fire – thermonuclear methinks. The people who think that they have found or are the Way shall be taken out of the way…so God can get on with the harvest in His way, not theirs.

      Since the Nov 16 plunder, the juice available to the wicked began to get cut off – it will end with the sun burning their flesh like fire as they curse God and long for Death – they will serve death rather than God! What schmucks!

      Herein is the great wealth transfer, that the world will steal the riches of the world, while the Word shall steal back the riches of heaven. It is the Jubilee, the wise will forsake their way and release their debtors and even to pay the debts of others. You confidence and your cash is no substitute for the glory which shall be revealed in this time. The reason why so many sheep will get sucked in by the satans is that they have desired leadership after their own hearts as they too are satans – adversaries of God and enemies of the Cross, proclaiming a Comfort Curve Choice Cut Christ – saying that “He Is” and deceiving many.

      In the Aramaic, the word translated gospel does not mean good news, and never will mean it – it means He shall show forth and He shall reveal Himself. Ask Jesus if you really “know” Him, or He you; or if it is the false light of the good news which has blinded their eyes to the Truth that we are saved, not by our own oaths, but by God’s grace. Once you effectively deny His denial of your debt, it is as if it is reinstated and you are imprisoned. The irony of Americans and others as debt slaves will not be lost on some. Fall on the Rock, or the Rock falls on you. Because people lacked compassion for Christ, they shall be captured by a cruel people without compassion – God said so, not me….

      • Ian Williams

        BTW – their True wealth shall be given to the True Hearts who will invest it wisely…and they shall be so resentful…

        • ewe merino

          Religion is not tangible.
          Therefore when I proclaim for you to shove it up your arse..you won’t feel it.
          Correct? :lol:

    • awakenow

      YAH keep the deflation going.
      If this keeps up, out economy might revive.
      I know for sure inflation has been nothing but BAD !!!!!!
      My dollars go farther,NO problem with this.
      The main people I see are afraid of deflation is the weaseling bankers.

      MORE DEFLATION is a GOOD THING.
      Gamblers in the stock market can take it in the shorts for a change
      instead of john Q public,

      GOOG THING !!

    • lottopol

      “..Conventional wisdom is that the dramatic reduction in fuel prices acts like tax cut for consumers and thus tends to increase economic activity. This would tend to make it more likely that the Federal Reserve would raise interest rates. Clearly the decline in oil prices reduces the headline inflation numbers. However, most believe that the Federal Reserve concentrates more on the various core inflation metrics. These are computed ex-food and ex-energy.
      While it is certainly true that lower oil prices give consumers more spending power, there are some offsets to the increased economic activity due to lower oil prices. Most are aware that capital spending by oil drillers has been cut back in response to the decline in oil prices. Some people employed in drilling and oil services have lost their jobs. What has not gotten much attention is the decline in incomes that the lower oil prices have entailed.
      Every barrel of the nine million barrels per day produce in the USA, which is about 2.2 billion barrels per year, ultimately results in payments to Americans. Individuals own land on which they receive royalty payments based on the proceeds of the sale of oil produced by wells on that property. Many Americans own shares in royalty trusts whose income also is reduced as the price of oil declines. Even those who do not directly own oil leases or wells may own shares in corporations that do own wells or leases and essentially suffer the same proportional decline in income or wealth as a result of the decline in oil prices. Every dollar in decline in oil prices ultimately reduces the income of some American by about $2.2 billion. Also, various state and local governments receive severance taxes based on the price of oil produced in their jurisdictions. The $45 per barrel decline oil prices reduces incomes of Americans by $100 billion at an annual rate. That does not count any lost income by employees in the oil and related industries.
      Lower oil prices could also lessen demand for some new aircraft and vehicles whose main attraction is that they are fuel efficient. The apartment building that I live in just spent about $6 million to install co-generation equipment that will allow the building to switch from heating oil to natural gas for heating and hot water which made much more economic sense when oil prices were at $100 per barrel than the current $55 per barrel.
      The impact on inflation due to lower fuel prices in not entirely restricted to the core inflation numbers. Various wage, pension and similar payments are based on the headline consumer price index. To the extent that lower fuel prices reduces the consumer price index, that would lower those payments. Likewise, even wages that are not explicitly indexed to the consumer price index may be effected by lower fuel prices as wage demands could be lessened by lower costs of living.
      Lower fuel costs can also be passed through to prices that are inside the core ex-food and ex-energy area. Transportation cost are a prime example. Airfares and other transportation costs such a bus, train and water travel have fuel as a large component of their costs. Lower transportation costs can indirectly lower other prices. For example if a good now costs $100 in one city and $95 in another city a certain distance away and it now costs $5 to transport the good from one city to the other, those prices can prevail. However, if the cost of shipping the good from one city to the other falls to $4, the price in the high cost city should fall to $99…”
      http://seekingalpha.com/article/2770845

    • railadvocate

      The economic situation is too complex for me to understand… And I’m not so sure that Austrian economics is/was necessarily intended to be as exhaustively complex as the economic quagmire that this sort of Keynesian style capitalism has evolved into. And this is just another problem that I have with it.. It has gone beyond the sound grasp and comprehension of the common man. So we rely on “experts”.. I can understand and appreciate Schiff way way more than any of the others that are perfectly fine with what sounds to me like a galactic sized flimflam..

    • US WANTS WAR TO SAVE THEIR ECONOMY

      Don’t buy gold or silver.
      Better yet, buy duck feathers. Ducks could be extinct within 14 months.

    • US WANTS WAR TO SAVE THEIR ECONOMY

      The American Government has been infiltrated by a deceitful number of filthy thugs and individuals. These individuals have no morals. They take from the poor and will go so far as to kill anybody who comes in their way. They have an agenda to destroy America and they will be partially successful. They have created ISIS, AQ and others and are funding ISIS with US$ and military gear and then openly lie to the Senate where the $ were spent, get caught but never go to jail. And the stupid Senate believes them – it’s the same as the weapons of mass destruction lies! These thugs are full of lies and deceit, filthy, dirty and do their dealings in the dark behind closed doors. The American public whom allow this to go on as well as myself and others, who don’t speak up, are as guilty as these thugs!

      The American Government with their deceitful members will be their own demise. Lies always surface and truth always win.
      The $US is soon to show us it’s true blood money colors. How many more people must die in wars? 90% of all wars in the world right now has been created or instigated by this American “Thugs” Government – just like Ukraine…. and Putin knows it! And you know it as well and that is why YOU need to speak up!

      America wants international war because this they think may save their economy and delay the $ crash. Russia and China will not play the US game and won’t go to war, however, Russia has the legal right to protect herself agains American aggression and news media lies from CNN, ABC, FOX…name them they all are false news outlets run by the US Government and give false misleading stories in a daily basis. These thugs have infiltrated all media outlets.
      More and more people are now awakening towards American lies told to the American public and so are the rest of the world.

      I will not fight any war and so must you neither, no matter what country you’re from. Let’s rather fight for peace and protecting our human race. Don’t give America what they want. But if they do want a full scale war, then America must and will be destroyed in a short 5 day war.

      This is how you will know the American end is near: When Germany and France openly announce they don’t support the American sanctions agains Russia (just like Turkey will) AND when both of them join the BRICS nations. Then it’s toast, flames and dust in Americas eyes and the thugs will try war but won’t be able to do it.
      The Saudis will soon dump their US$ debt so look out for that and buy a bottle of champaign because then Russia and China will start dumping as well….dominoes will fall and it will be heard in every country.

      Russia does not care about a drop in oil price rather it hurts Americans more because their shale oil is going bust and thousands upon thousands of Americans will loose their jobs! Russia has made deals at certain agreed pricing with China and they simply swap in Yuan or gold. And that deal is priceless in $US. No $US in site? Poor Obama cabal!

      I stand with honor, integrity, trust, peace and I have morals – I stand with Russia, China, Brazil, India and soon to join Germany and France. I stand for the truth re MH17 – it’s funny that Russia and Malaysia are the only countries whom are asking for the truth and the release of the 2x black box data as this will share light on either who was the most responsible between Ukraine and America for downing the plane. And the Dutch know it as well, that’s why America gave them some gold back – to shut up and keep quiet. Shane on you Dutch!

      So, buy gold and silver in hoards! Keep it and don’t worry about the price fluctuating up and or down. Gold mining cost is about where it is now and will never ever go below $1000 per ounce and if it does buy more of it. The cost of mining is about $1050 on average and it will only get more expensive. In the end Obama will be publically shamed with AIDS and gold and silver will be king. When Obama get a public humiliation then know the end is pretty near.
      Look, just do the opposite than what the mainstream media tells you. Guess who is buying hoards of gold but tell their clients to sell it? JP Morgan – the federal reserve buddies. Every single country is buying gold right now, China, Russia, all the BRICS countries – so do what they are doing. (If China sells their gold then id recommend you sell as well – now that’s not happening and never will.)

      Gold is in short supply. Daily there are more gold purchases than what can be supplied by physical means. Waiting times are increasing and it’s going to get worse.

      Cheers from around the world – the Mask. Btw – North Korea did not hack Sony…

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