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PETER SCHIFF INTERVIEW=

Money manager Peter Schiff says the wild swings in the market are because of massive central bank money printing and exploding debt. What in the heck is going on? Schiff explains, “The real question is what was going on when the markets were going up? That’s what made no sense. The fact that they are coming back down to earth makes a lot more sense. I think the catalyst for this move (in the stock market) is, ironically, the tax cuts we got because that put the bigger deficits in the spotlight. Now, the deficits are going to go off the charts because we have to replace the lost tax revenue with more debt.”

What about the economy improving under Trump? Schiff says, “Growth hasn’t really picked up, it’s actually slower. This is all nonsense. The economy is not improving. Nothing is happening other than we are going into huge debt. We got tax cuts, and we borrowed the money to pay for them.”

Schiff predicts in the next recession, the Fed will go back to printing even more money. Schiff contends, “There is no question in my mind because the alternative is politically unacceptable to anybody, which would be a worse financial crisis than 2008. When we go back into recession, when we are in a bear market, they are going to go back to the only formula that they think works. They can’t do rate cuts because rates are so low, they can really cut them very much. So, the only real stimulus they can reach for is QE (money printing), but it’s not going to work this time. We are going to overdose on QE. There are no more bubbles that they can blow. They have already blown the mother of all bubbles, and this is it. There is no more. So, I think when they launch QE4, they get a currency crisis. We get a sovereign debt crisis. That is where we are headed. It’s taken a long time to get there, and because of that, the problem has gotten so much bigger. The bubble got so much bigger, so it’s going to be much more disruptive.”

Join Greg Hunter as he goes One-on-One with Peter Schiff, founder of Euro Pacific Capital and Schiff Gold.

Video Link

https://usawatchdog.com/biggest-ever-debt-dollar- crisis-coming-peter-schiff/

Looks like this time we have to look at the fed and currency. US currency that is.

If gold is just another asset category…per the banker script it won’t go up until broad inflation needs to be discounted, which won’t be until we are well into the crash, when the margin players are purged (the real reason). In both 2000 and 2008, this did not happen for six-months past the top in stocks.

Cheers

I wonder if this conspiracy against Trump is affecting the stocks.

Thanks for checking in.

Please come back and tell us when you’d actually buy, I haven’t heard that from you yet.

What do you mean? These things are great no?

Time to back up the truck….load the boat…to da moon.

I’m gonna get me some SLV calls. People have made a killing on them…no?

The stock market is crashing so according to the good people on Wall Street silver should be going through the roof. That’s certainly what the SLV options players think with an open interest put / call ratio of .25 — and these guys are always right — right?

The future’s so bright — gotta wear shades.

Not directed at you.

Just ranting.

Chuckle

That means so far only one day up, yesterday.  Dead cat bounce? It that the best that plunge protection team could do?

http://schrts.co/nqSAZS

Story yesterday, Dow suffers wild swings, recovers 567 points after historic sell-off:

http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&b=5&g=0&id=p65004882494

Turning up the heat on Trump, of course they eminate from Europe and sure don’t like him draining their long held US swamp.

Eff them

Not a good close for the SM

The Europeans are crapping themselves, that Trump will make them pay for US military protection, which they have been free riding off for decades…..The next time they give him a hard time, he should send them a bill and as they haven’t got a pot to piss in, the silence will be deafening.

I have no time for them….mind u they are just worse than ours or yours….

I’m kinda sick of the crap. Crush the metals so we can stack or let’s move on please. My portfolio really hasn’t moved up in years. Just stuck in PM purgatory. What a loser position to be in.

See how the Europeans operate?? They are on welfare and don’t want it to end. They have their tentacles on us for decades, and don’t want to lose. They exaggerate and cry poverty with a loaf under each arm. The classic welfar recipient or union gov’t employee or gov’t vendor.

https://www.zerohedge.com/news/2018-02-07/eurusd-tumbles-after-ecb-accuses-us-manipulating-currency

This just gets crazier and crazier. Most US data comes out at 2.30 PM and 3.00 PM, Brussels/Frankfurt time, so Nowotny, like all good Eurocrats is face down pissed out of his mind, in whichever 6 Star restuarant he drained dry that day, so he might have missed the fact that the US has been buying the Dollar, every time numbers come out, for years now…..but surely some underling has let him know ????

Still if they all fall out, over currency Rigging, then maybe someone will complain about all the other Rigging ????

They did well for decades, but the past is in reverse since 2008. Populism and local national “pain” in various countries is going against the “occupiers” in other people’s sand boxes.

This movement could be like the banning of slavery, or end of woman’s suppression, in a sense. The big corporations getting away with something they should not.

It probably started with Henry Ford selling Model Ts and As in other countries. Tit for tat. They bought ours then we had to buy their’s, various crap.

Each country should “dine in” rather that “dine out” every night, and import ONLY what is not available domestically each country would be better off “dining in” rather than spending more money than what is coming in just to help global corporations that don’t really care about any individual country, other that what THEY can get from that country.

Those global corporations are NOMADIC. I read they ruined the Bahamas when they started producing Sugar Cain and imported thousands of slaves. Then later on migrated to some other country and left all those salves behind.

I believe these nomadic corporations did similar a thing in Central America. And why populations levels are trying to go back to 1910 levels.  Look at Venezuela these days.

Oil companies bring prosperity, the the lower idiot Dollar made oil go up, prosperity, then too much oil made Oil go down to $28 and now poverty. But their media blames socialism that is all over the planet. Europe UK Norway you name it.

THE CAT THAT SWALLOWED THE CANARY IS THE GLOBAL CORPORATION AND PROBABLY A GOOD L/T SHORT. Unfortunate for us, so are these miners we play, and probably should be sold on rallies.

Last check 2.83%

Despite the bounce in the SM the last two days. I get the sense the downside is just getting started.

Course gold seems to have proven it won’t go up in a down market so I don’t know where that leaves us.

it just vacuuming $$$$$$$$$$$$$$$, and we go lower once they get enough bulls in the room. A bear rally. The big fat whales don’t want anyone rotating into PM’s. Shite has to explode sooner or later.

That is certainly the perception the Rig wants……just been out and see the SM is fading fast, as Bonds sniff recent Hi’s …Bonds are not behaving here…. so the Algo’s sell more Gold.

I think we are dealing with a five day dollar bounce. Instead of a trade war, it’s turning into a currency war, as per that global banker president’s concern. A race to the bottom? Gold and Silver is the end game.

Even if the massive built up debts go bad and a huge global deflation takes hold, gold is still the end game. A deflation would expose fiscal and monetary incompetence, combined with global multinational corporations greed and influence.

Basically over the past 60 years, they won, and there’s not much left to win. In their small minds, they think higher asset prices will will increase the money supply and spending and bring on inflation.

Unfortunately, the increased psychological “funds” are not going where needed the most. The entry level high school graduate just starting out in life today NEEDS at least $26/hr to leave the nest.

The average wage was reported at $26/hr. Which in fact has the same buying power as $1.40 minimum wage of 1967, when entry level kids could buy a new corvette or Cadillac if they wanted to.

The “skimpy” national average wage scale is bringing down the entire USA. And in turn probably the entire global economy. That’s why that Banker buffoon was on TV this morning talking about his concerns.

Eventually, TPTB will have to just GIVE money to anybody that needs some to keep things going. Loans are not an option anymore, unless TPTB don’y Care if not paid back, and actually tells the borrowers.

By the way, there’s a Steven Moore on TV yesterday saying primary problem is wages are too low. He consults with Trump often he said. But him and even Trump probably don’t know about the true inflation adjusted minimum wage.

To abruptly change it is not an option at this point. The cold turkey effect would kill the “patient” US economy. The artificially low wages created millions of old manufacturing replacement jobs. For example if minimum was $3/hr millions more jobs would be created, but not do the country or US gov’t any good.

This is all simple crap, but unmentionable on TV.

Gold-as if we needed more proof with this latest non-performance in a crisis—is definitely a Museum piece—it’s just a buggy whip in the post-modern age of the Cloud and hypersonic- ramjet/scramjet bombers…that said, against all logic, I will continue to track and trade my “Magnificent Obsession”…any questions?

Anybody see it?? He sounded upset that the USA claimed a lower dollar was good for the USA. I guess the global bankers don’t like the USA looking out for itself for a change. He wants us to continue like Janet Yellin did.

https://en.wikipedia.org/wiki/Jean-Claude_Trichet

this Market(S&P) will take 3 years to bottom  ,these flash crashes are just mini’s compared to whats going to happen. ICAHN is right ,but you will see PE RATIOS of 3 and 4 for good dividend paying stocks at the end..  Thats what happened 1969-1975 ..I was out of everything during that period half because of my personal business problems half by chance .I started a new business in 1969 and it wasent until 1975 that I started making enough to invest again …The timing was perfect….STUDY the BEAR Market of 1970-1975 ..it was brutal……DOW lost 90 %.Debt was wiped out.

Nothing like snatching defeat from the jaws of victory

JOHANNESBURG (Reuters) – African National Congress (ANC) leader Cyril Ramaphosa said on Wednesday he is holding direct talks with Jacob Zuma over a transition of power, in the strongest indication to date the South African president will step down after years of scandal.

https://www.reuters.com/article/us-safrica-politics-zuma/end-game-looms-for-south-africas-zuma-idUSKBN1FR0M2

depends on how you view RISK !  I have always looked for signs of change and never considered risk and my biggest gains have come from that …I just see something based on experience and ACT on it …that is the least risky thing to do .Watching a clear sign and not acting is very risky …There are no guarantees ..I think its called “courage” and then the Patience to stay until it reaches its full potential has led to almost all the better 10X gains iv had in 50 years of trading..Not everything works because Im mostly a bottom fisher and by definition Im going to have some wipeouts and some spectacular gains …..It just gets my juices going..some cant take the stress,I live with it without emotion ,most cant do that !  Thats the KEY..I have always found when emotions rule your behavior “Do the opposite” …Its all geared to take the most money from the most people exploiting their emotions .Some call it Courage ,others experience.

BTW ….this DOW  is not “Bottom Fishing” by any definition .,!  Look for things like GOLD ,BTC,after they crash ,even oil..!  bottom fishing requires experience knowledge,Courage,Patience…

The last time bottom fishing in stocks (S&P)gave a real opportunity was 1975 and I rode them up until 1987 taking 20 % off each as it peaked because nobody knows where tops are….I bought many stocks at .50  and sold them at $50.00 only to watch them blow off at $80-90 in next three months .The biggest gains come in the later days of a bull Market as it blows off…Gold will do the same early gains might show 100 % gains and temptation to grab it will leave 90 % of investors out of the market as sold out bulls…and they will miss the 10 X 1000 % gains ,that I sure of because their emotions get them…