When The Economy Crashes Parts Of America Will Resemble A 3rd World Country: Peter Schiff
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Today's Guest: Peter Schiff Websites: Euro Pacific Capital, Inc http://www.europac.com/ Schiffgold http://schiffgold.com Book: The Real Crash: America's Coming Bankruptcy Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place. Intro Music: YouTube Free Music Hey Sailor by Letter Box Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.
Comments
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Bronx, Queens, Newark, Cambridge MA, Newburgh NY, Poughkeepsie NY, Albany NY, Amsterdam NY, Utica NY, Syracuse NY, Rochester NY, Buffalo NY, Cleveland OH, Detroit MI: All already look like 3rd world countries. The crash is NOT a fast thing, NOR does it mean 'the end'. The final result is that the US has slums and ghettos as bad as Mexico or India. My guess at this point? Make every country dependant on a single central bank, more than likely jointly located in NYC and Berlin.
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Where have you people been ? the U.S.A is and has been for years a third world country, after all ever since you gave up slavery there were no people with any brains left, they all took their brains wrapped up in their black skins and left
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we are already a third world shit hole, it just hasnt been announced yet
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I guess recession is the new word for depression...
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Peter Schiff really knows his economics, and he should stick with that.
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Hey all. I had a question about the markets today that I am not sure how to quantify. If you look at the retail or transportation index, none of these markets are staying coupled to the S&P 500... The market itself is bouncing up and down, but those indexes are dropping like rocks. How often have we seen the market and the industries completely lose lockstep? Is that something to take a deeper look at ?
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govt DC is a corporation the elected representative govt is owned and controlled staffed advised etc by the 1%
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OMG the whole of America would be like Detroit
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Peter was right...but....his rhetoric is "always the same from one show to another", including his own. One learns nothing new.
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Take it from someone who has traveled a lot recently around the U.S. as well as to 3rd world nations (and I'll continue to travel this year too)... there are plenty of areas in the USA which resembles the 3rd world... plenty!
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How can he think standard of living would remain the same or go up in other parts of the world? :S. Everyone is benefiting indirectly from Americans buying new shit every year. Surely it must be a downward spiral for everyone around the world from Chile to Japan.
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The black parts of the country and cities, yes... they will look like South Africa, or Afghanistan... Brazil if we're lucky.
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He's selling gold, end of discussion.
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Why do you think they government want the surveillance /security state
Its not to protect YOU from terrorism
its to protect THEM FROM YOU.....................When the SHTF -
The Fed is in deep trouble. Inflation is dipping due to oil and gasoline prices yet they cannot increase the dollars strength without increasing the trade deficit to the point the U.S. falls into a deep long recession. They left it 0 too long.
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Until the cockroaches in the junior minors change, and until rei globally hits a bottom, and puts industrial metals on a bottom and rebounding, being a gold bug is pointless.. i'd rather just buy some cheap copper co., w/a cashflow dividend & garner leverage over time, than purchase a speculation capital gains vehicle. Will your banker lend you a loan to buy gold?
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Parts of America already resemble a 3rd world country.
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My personal prediction?
Temporary Hyper-Inflation, deep 'Depression', Global 'Class' and 'Civil' Wars sparking Revolutions, forced restructuring of governments, strong possibility of an orchestrated World War as a distraction, and, if the 'New World Order' Globalists succeed, an implementation of a One World currency. 'Oppression' will become the norm, and the word 'Freedom' will no longer have a home in Dictionaries.
That's the negative aspect. The alternative would most likely be another American Revolution, if successful, and the people regain control of their government and their military, they may be able to restore World order by threat of force, while stepping back from it's Global involvement and obligations, and restoring a system of sound currency. There will be great sacrifices and misery during the transition, but unlike the first scenario, it would be temporary and lead to what is in the people's best welfare.. -
economic Fallout and hate crime islamophobia for the past 6 years a lot of Court hate crime committed by jury under closed doors in magistrate Bradford Court UK and also Crown Court in Leeds UK yet my solicitors which I got from Duty solicitors that are normally linked do the police and favour the police even after being ex police officers when they become solicitors or own FIRM of solicitor's in the UK I have tried many solicitors yet these people fail they claim to be law abiding citizens of the system in every town and City in the UK
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