[sickoflibs]

Your dose of Peter. Our only voice of sanity.

[sickoflibs]

Add these to your favorites:

http://www.youtube.com/user/PeterSchiffChannel

and

http://www.youtube.com/user/PeterSchiffVideos

[fanfan]

*Sigh*

Canada ping.

[2banana]

Eventually you monetize the debt...and soon foreigners want your debt issued in their money (like Argentina) and then you collapse economically and politically...

[model B]

my parent’s recently moved their IRA’s completely into US Treasuries. Time to make a phone call.

[rb22982]

Most of the treasury buying are the big banks parking their money there instead of lending—at least on the longer end. I don’t think it’s in that big of a bubble — at least until we add the probably $2 trillion in additional debt this year which is very likely at the moment. If you figure deflation of 1-3% this year, the “real” rate of return right now is 3.5-5.5% on the 10 year which isn’t too awful - especially when stocks can go down a lot lower and probably will.

[Gritty]

The US government is running a Ponzi scheme?

Please, tell me it isn't so, Dorothy!

[Fred]

Thanks for the ping. Might I suggest Carpe Diem blog and John Mauldin's Insights from the Frontline

[sanchmo]

Well I’m not speculating. I’m buying to hold investment-quality corporates in solid companies that I’m familiar with, with rock solid balance sheets, that are industry leaders in promising or survivable industries. Amazing values were there last month even in consumer non-cyclicals, medical and environmental, if you can accept 9% yields for a 5-10 years and if you are open to a few early calls at 15% yield.

Their market value appreciated about 10% in the past month, and if we get another round of Dow 7500 they may depreciate back to lower bid. But since I’m holding to maturity, I’m hoping for that so I can shop some more.

[Vet_6780]

The only way out of deflation is to create inflation.

The only way to create inflation is to create a war.

Printing money has no effect on deflation. That money must be borrowed, and with high debt nobody can do so.

Those without money can't afford to borrow.

Those with money have no desire to borrow and buy assets that may fall in price.

It's called a liquidity trap because the money being printed by the Fed is TRAPPED.

[cherry]

I don't think he is that sane......afterall, he does invest money himself...he isn't burying it in his backyard yet is he?..

is he saying that money...all money.....is worthless?.....

our money in the US is just as good....or as worthless..as everybody else's.....everybody else's economy stinks like ours.....

where is all the money?......isn't money similar to energy in that it can not be destroyed, only changed?

I am as doom and gloom as the next guy but SOMEBODY has the money....its out there isn't it?

[Camel Joe]

He is not the only voice by far, expand your horizons. Regardless we are powerless to stop it now, Obama and the leftover flying monkeys from the Clinton administration will give us hyperinflation with unprecedented spending and tax hikes to make us all serfs. We can only hope to go into this with no debt to avoid serfdom...

[Freedom4US]

The name sounds familiar - isn’t his dad in jail for tax dodging?? Irwin? Just wondering.