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Peter Schiff: In The Impending Collapse "Everything That Can Go Wrong, Will"
SHTF Plan ^ | 1-17-2017 | NMac Slavo

Posted on 01/17/2018 4:05:22 PM PST by blam

The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.

The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital. “We have just begun a major, long-term bear market in the dollar,” he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at roughly $63 a barrel. Shiff focuses on oil as just one example of the inflation that will help collapse the dollar.

When the price of oil rises, it reverberates through the economy. Peter called it a gigantic tax hike for consumers. But the Fed is still worried prices aren’t going up fast enough and that they won’t hit the mystical 2% goal.

“They’re going to hit that out of the park. They’re going to be looking at 2% in the rearview mirror – in the distant rearview mirror. That is going to be the big story. They’re going to way overshoot and they’re not going to be able to do anything about it.” –Peter Schiff

Schiff also warns that the dollar’s decline is just getting starting. He also says “everything that can go wrong, will.” We are not experiencing economic growth. We are experiencing inflation.

“High inflation is not good for the dollar. By definition, high inflation means the dollar is losing purchasing power. If the dollar is losing purchasing power, that is bad for the dollar,” Shiff explains.

(snip)

(Excerpt) Read more at shtfplan.com ...


TOPICS: News/Current Events
KEYWORDS: brics; collapse; dollar; economy; energy; europacificcapital; fakenews; gold; goldbug; goldbugs; guldbugs; hydrocarbons; investing; maga; oilprice; opec; peterschiff; reservecurrency; schiff; stockmarket
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I'm still waiting for the collapse he predicted in 2010 and, what was it, $2,500 gold price he forecast?

Anyway, it's been a while since we've had a financial collapse, doom & Gloom, thread.

BTW, I've gone to yard sales the last couple of years and can see where people are selling off their prepper supplies.(some will admit it)

1 posted on 01/17/2018 4:05:22 PM PST by blam
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We’re doing just fine.

Hang in there folks.


2 posted on 01/17/2018 4:09:22 PM PST by DoughtyOne (a/o 01/17/18 DJIA close 26,115.65, 45.993% > the morning of 11/07/16. 716.77 to 50% increase..)
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To: blam

If the economy goes into a recession commodity prices including oil will fall not rise. Also, as oil prices
increase, the idle drill ships will be called back into service and more fracking will occur in Texas, North Dakota etc.


3 posted on 01/17/2018 4:10:34 PM PST by Maine Mariner
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To: DoughtyOne

No no no....i wanna die,,,,,we’re all gonnna die......but first, i wanna pay a website a membership fee to tell me HOW I’m gonna die!


4 posted on 01/17/2018 4:11:02 PM PST by Professional
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To: blam

Dude, you’ve always cracked me up...


5 posted on 01/17/2018 4:11:47 PM PST by Professional
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To: blam

Shiff is mentally unstable.

He’s unfit to be published.


6 posted on 01/17/2018 4:12:15 PM PST by Eddie01 (Stormy Kromer)
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To: Professional

>>No no no....i wanna die,,,,,we’re all gonnna die......but first, i wanna pay a website a membership fee to tell me HOW I’m gonna die!

But you better buy it now with money that’s worth something because in just a few weeks, that membership will cost you $37,000,000,000,000 or a chicken and box of 22 ammo. Now I need to go vacuum seal a crate of toilet paper. /s


7 posted on 01/17/2018 4:13:51 PM PST by Bryanw92 (Asking a pro athlete for political advice is like asking a cavalry horse for tactical advice.)
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To: Professional

I just met my business CPA today. I run a S corp with one junior partner. We do consulting work and make 2-300k per year in income. CPA told us that our taxes would fall based on our 16 tax returns, by 35%

Best news he told me, is that entertainment deduction is going to ZERO.

Tell me, what will that do to NFL and NBA season ticket sales that are predominantly bought by corporations!!!

Winnninnnnngnnggggg!!!!!!!!!!!!!!!!


8 posted on 01/17/2018 4:13:53 PM PST by Professional
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To: blam

Buy our Gold and Food....Commercial.


9 posted on 01/17/2018 4:14:36 PM PST by heights
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To: Bryanw92

I told clients in 08/09... if the world is going to end, why are you so worried about your money?


10 posted on 01/17/2018 4:15:05 PM PST by Professional
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To: blam
“BTW, I've gone to yard sales the last couple of years and can see where people are selling off their prepper supplies.(some will admit it)”

My prepper supplies are living on a remote island with a population that is small enough to be self-sufficient

11 posted on 01/17/2018 4:17:42 PM PST by Fai Mao (I still want to see The PIAPS in prison)
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To: Professional
"Best news he told me, is that entertainment deduction is going to ZERO."

Wonderful news.

Boycott the un-American NFL!

12 posted on 01/17/2018 4:18:01 PM PST by blam
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To: Professional

[Best news he told me, is that entertainment deduction is going to ZERO.

Tell me, what will that do to NFL and NBA season ticket sales that are predominantly bought by corporations!!!]

Gosh, I’m gonna need more popcorn.


13 posted on 01/17/2018 4:18:28 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: blam

I am still waiting for the coming Armageddon.


14 posted on 01/17/2018 4:19:12 PM PST by jonrick46 (Trump continues to have all the right enemies.)
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To: blam

The sky! The sky!


15 posted on 01/17/2018 4:21:09 PM PST by clintonh8r (I've been banned from TheHill.com. #Proud)
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To: blam

I bought a bunch of stuff after 2000.

Still have most of it. But it was for camping, not TEOTWAWKIK


16 posted on 01/17/2018 4:21:37 PM PST by redgolum
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To: Professional
 Heh heh heh...

17 posted on 01/17/2018 4:22:19 PM PST by DoughtyOne (a/o 01/17/18 DJIA close 26,115.65, 45.993% > the morning of 11/07/16. 716.77 to 50% increase..)
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To: blam

When was the last time Schiff was right?


18 posted on 01/17/2018 4:23:56 PM PST by Road Warrior 04 (Molon Labe! (Oathkeeper))
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To: DoughtyOne

Maybe. But why people aren’t taking money out of the stock market is a mystery to me.


19 posted on 01/17/2018 4:25:02 PM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: SaveFerris

Gee, you think Trump might have played a hand in the zero entertainment deduction??

ROTFLMAO!!!!!!

He absolutely kicked them in the NUTS


20 posted on 01/17/2018 4:26:06 PM PST by Professional
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