Peter Schiff On Recovery Talk: ‘Would Have Thought People Might Have Learned Something By Now’
In his latest entry on The Schiff Report YouTube video blog, Peter Schiff really called out the economic Pollyannas for their talk of a real, sustainable recovery. Schiff, who correctly-called the U.S. housing crash and “Panic of ’08,” warned in yesterday’s posting:
Don’t confuse rising asset prices with a real recovery. Asset prices are rising because the Fed is artificially-stimulating the economy. And as long as the Fed is artificially-stimulating, we will never have a legitimate recovery. Stocks and real estate prices are rising for the wrong reason. They’re rising for the same reason as they were rising in 2004, 2005, 2006. And we all know how that movie ended. Well this movie is going to have an even worse ending. This is basically the same movie, only we’re making the same mistakes on a grander scale.
And it’s amazing for me to watch it, as all the people who were so clueless back in ’04, ’05, and ’06, who said that “no one could have seen this coming.” In the aftermath of the crisis in 2008 and 2009, these are the same guys that are oblivious today. And people like me who did see it coming, we’re the ones that are warning about the next crisis. And our warnings are being received with the same reaction as they were the last time around. You would have thought people might have learned something by now.
Despite all the evidence that the economic recovery is just a story- it’s wishful thinking at best, and maybe, more like propaganda- the market continues to march on.
The CEO/Chief Global Strategist of Euro Pacific Capital revealed that he’s been buying gold. Schiff explained:
The only reason we’re getting the rally in the stock and bond market, the only reason it’s not “the end of the world,” is because the Federal Reserve and other central banks are doing precisely what I feared they would do, which is exactly why I’ve been buying gold. So the reasons to buy gold have never been greater. And I think this new-found pessimism is going to create the backdrop- the wall of worry- that can launch the market into new highs.
“Stocks rise as recovery fantasy fades, oil breaks out, potential bottom in gold & silver”
YouTube Video
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)
Survival And Prosperity
\”Protecting and Growing Self and Wealth in These Uncertain Times\”
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.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.