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Article posted Jan 31 2013, 4:44 AM Category: Economy Source: Zero Hedge Print

Peter Schiff & Doug Casey On Gold, Investor Cluelessness, And The "Escape From America" Plan

by Tyler Durden

In just under 30 minutes, Peter Schiff and Doug Casey muse on many facets of the crumbling edifice of the status quo that is our current world.

From Gold's relatively imminent rise to $5,000 and beyond, to investor ignorance of reality, Casey & Schiff swing from discussions of the US as political entity going forward to 'escape from America' plans for personal and wealth assets, and the realization that the biggest casualty (of US indebtedness), aside from individual liberty, is the value of the dollar - as taxing the middle class is unpopular with both parties - leaving only one route for the government - the inflation tax. Owning gold, silver, and foreign assets is preferred and while the rest of the world is also printing, the US is likely to beat them all.

People "are clueless with respect to the true state of the global economy," with regard to inflation, fiat currencies, and specifically what will happen to the dollar. The conversation is wide-ranging and absolutely must-see as they remind market-watchers that "the whole thing is artificial," as you can't just keep printing money and monetizing debt without the dollar imploding with monetary policy descending (along with its trillion dollar coin) into 'Three Stooges' comedy.

The conversation weaves to some endgame discussions which bring Peter to discuss his father, who he sees as a political prisoner, and his views on the future...
"the biggest change that is coming to the global economy is a realignment of global living standards."
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Comments Add Comment Page 1 of 1
Marc: Rotorua N.Z.

Posted: Jan 31 2013, 12:46 PM

27252 People "are clueless with respect to the true state of the global economy," with regard to inflation, fiat currencies, and specifically what will happen to the dollar. Bullshit!. You fucking Yanks are printing money like there is no tomorrow. 192 people lost their job because the U.S. prints money and makes your dollar worth less and our dollar worth more. The Australian dollar is worth more than the USD and the NZD is at .85c. Our Prime Minister says we will not print more money, as that will only make things worse: However; I feel we can not hold out much longer.

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