Comments on: THE 5 BIGGEST RISKS OF 2010

By: sur pars

sur pars — Fri, 01 Jan 2010 04:21:03 +0000

I think it is not appropriate to say with tongue in cheek that Peter Schiff would love to see the economy collapse for after all any sane small business or hosehold can understand that when you spend what you do not have sooner or later the liquidators will come knocking but in this case let us hope they come in our time rather than when we have passed and harrass our children and grand-children for follies of greenspan and Goldman Sachs of course with deliberate connivance of our corrupt congressmen and senators.
Personally I think like Markethead that a lot of the developed world is going to join the Japan Trajectory which would not be bad giving the world a form of de-toxication.

By: Drgold

Drgold — Wed, 30 Dec 2009 18:37:40 +0000

I think the biggest risk is the unsustainable & unpayable US National debt, which will cause the US$ to eventually collapse & everything that is tied to it!

Why blame Peter Schiff? It is the WH Admin. & Congress at fault.

By: MarketHead

MarketHead — Wed, 30 Dec 2009 04:41:15 +0000

The market is being manipulated by the Fed/Treasury. All they have done is kick the can down the road. All the global bad debt still has to be dealt with. Deflation is probably more what you can look forward to. No amount of gov monetizing can offset the force of deflation. Japan is a good example of a boom/bust collapse – zero int rate policy, etc.

Does anyone believe that we have even begun to pay for the previous binge yet? As they say, the check is not in the mail- it is coming out of your purchasing power. The ultimate Ponzi scheme is being perpetrated on the American public. Banks borrowing from Fed and buying Treasuries and pocketing the spread. Fed prints $, Bank borrows, bank buys Treasury Debt. Gov’t buys own debt and banks get a risk free spread in the process.

Sweet….

By: Sharyn

Sharyn — Wed, 30 Dec 2009 00:57:43 +0000

I agree with Jason Hamlin’s article below… Even if we have to go down, at least go down fighting not go down gribing…. Happy New Year 2010 to you all….

http://www.theaureport.com/pub/na/3458
10 Predictions for 2010: Economy, Dollar, Gold
Source: Jason Hamlin, Gold Stock Bull 12/28/2009

While many are fearful of the political and economic climate at the moment, I remain optimistic that the current crisis is a necessary cleansing of the system and will allow for the rebuilding of a better society. The transition will undoubtedly be difficult as jobs become scarce, prices rise and crime and civil unrest flourish. However, there are common sense steps that you can take to protect yourself and your family. Besides diversifying out of dollars, moving your money out of banks and owning precious metals directly, you should also consider becoming more self-sufficient, learning to garden, stockpiling food and supplies which might become scarce, continually educating yourself and encouraging others to stop supporting a failed ponzi-based system. As it collapses under the weight of its own hubris and corruption, there will be enormous opportunities to profit individually and collectively as a society. The better prepared we all are to weather the storm and facilitate the transition, the better our future promises to be.

By: Sharyn

Sharyn — Wed, 30 Dec 2009 00:39:48 +0000

I really think Americans trample too much on Obama-admins’ face. If Obama-admin does NOTHING, faster and surer the American economy topple over a cliff worse off than GrandCanyon! Obama-admins is doing something to revive if not stall the disintegration that was done way back to Bush-Clinton-Bush short sighted eras.

I have faith in America. Infrastructures of R&D, soft skills are very solid. America will still be a leader, maybe move aside a little to share power with China. It will just be little. Because China’s infrastructures are not solid. Highly educated Chinese people are not evenly spreaded out throughout China. China is a young market so like any graph it shoots up before tapering out…

Bottomline – American spending time thinking of helping the economy rather than running down the administrations would be a better value-add.

You guys are lucky to have a caring Govt. My country is more interested in political-powergrabs (intense corruptions) even though FDI is running scare, GDP down, infact everything down except political power grabs, racial disharmonies notching up by the day. Police, Judicials are blatant tools of the horrible government of the day. This is REAL TEARS……

By: MarketHead

MarketHead — Tue, 29 Dec 2009 02:02:57 +0000

This is not about Peter Schiff. Every market head wants to be right. Let’s remember what calling the market is really about. Schiff probably is right..to one degree or another. Does anyone really think that the ongoing credit collapse has been remedied by some politically expedient reflation?

By: billw

billw — Mon, 28 Dec 2009 19:22:13 +0000

It really does not matter whether Peter Schiff would glory in a major market bust, which I really doubt, because that big leg down is coming no matter what anyone does. The only question is when it occurs, not if. Our government has foolishly wasted all of their ammo on the first wave, and when the second wave hits it will be worse because they have no bullets left. For those who have not been in a situation where you have to ration your bullets, it sucks big time. We do not have any real leaders in this administration, and they will not listen to those ( like TPC ,ZH and others) who have taken the time to actually analyze the issue and propose workable solutions that will at least shorten and somewhat diminish the oncoming pain.

By: AnacottSteel

AnacottSteel — Mon, 28 Dec 2009 16:24:50 +0000

I actually think Peter Schiff would really enjoy it if the dollar and the economy collapsed. He’d be right after all and that seems to be all that matters to him.

By: BleakoEcobamics

BleakoEcobamics — Mon, 28 Dec 2009 15:52:25 +0000

> The Peter Schiff’s of the world would rejoice as the global economy tanks,

Do you think this is really true? Yes, it’s nice to be “right” but it sucks being right in that kind of way. It’s not a joyous feeling at all.