Emerging markets, deficits, China summit & clueless economists
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Duration : 0:9:49
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Tags: ben, bernanke, bubble, collapse, crash, depression, dollar, doom, economic, Economy, euro, Faber, fed, gold, oil, paul, Peter, recession, Rogers, ron, schiff, silver, the
December 9th, 2009 at 4:37 pm
Actually whether …
Actually whether you were born w/ a silver spoon or not has nothing to do w/ whether ur a knowlegdable perosn w/ a kind heart. You will emerge w/ the deeds you do in life not what you were given at the beginning. FOOL.
December 9th, 2009 at 4:37 pm
Also, he is clearly …
Also, he is clearly disconnected a bit with “real people.” His family has always had money and he’s never had to struggle. That’s why his truths and facts are only “good” for certain and some people. For others unlike him, those who are working hard just to get by his truths and facts fall short of “good.”
December 9th, 2009 at 4:37 pm
No matter how right …
No matter how right he’s been in the past, or even now, he doesn’t have the money nor inside connections to win a senate or congressional seat.
If you really want to represent americans in gov Peter, expand your connectedness to americans.
December 9th, 2009 at 4:37 pm
this guy is smart …
this guy is smart not dumb. he purposely keeps it only half-way real. It’s his job, he’s speaking to potential clients.
5:55 “the government is deliberately debasing our money… and undermining the capitalist system” Keep it real Peter, you always only blame the US gov., it is also other governments in Europe and international bankers that work for the IMF WB and other supragovernmental organizations.
December 9th, 2009 at 4:37 pm
I agree that …
I agree that decoupling NOW would be a good thing for their economy and have said so in the past. They are losing on both sides – they pay more for raw materials and they have devalued their wealth production.
They already modernized their country on the backs of slave labor (as did the US 100 years ago). The jobs and industry will not flow back to the West so easily.
Decoupling will happen and the US dollar will lose 1/2 to 2/3 of its value relative to the Chinese currency.
December 9th, 2009 at 4:37 pm
You are ascribing …
You are ascribing the benefits of good health CARE to the insurance industry. The HII is financed by profits taken between a person and their most valuable asset. Health is invaluable and while health CARE providers deserve reward, the Wall Street accountants should not be involved in the transaction.
December 9th, 2009 at 4:37 pm
I know a doc who …
I know a doc who chose to give up his private practice b/c Medicare was over a yr behind on payments, and owed him over $1 million. Also, he had to employ people to deal with govt. red tape in the attempt to get his money from the govt. Now how can he NOT need to charge more for that BS?? But it’s illegal to charge Medicare one thing & have a different price list for someone else. So he has to have stated prices that are the same for all. Then I have to ask for a discount if I’m paying cash.
December 9th, 2009 at 4:37 pm
I have a Health …
I have a Health Savings Acct. through my co. They pay me $2400 a year to spend on healthcare as I please, & any left over is MY money. The company then pays a much, much smaller amount to insure me against only catastrophic health problems, basically any health problem that cost me more than $5000 in a year.
Now I can pay cash for care, & seek the lowest price. You must ask for the discounts that Health Ins cos get. Many prices are list prices that can come down if payment is quick & certain.
December 9th, 2009 at 4:37 pm
Of course, the …
Of course, the insurance companies are highly regulated and interfered with by govt. Some of this regulation is desirable to the really big ins cos because it eliminates smaller competition. A doctor in NY wanted to charge an affordable flat monthly rate for patients to get preventative care. He was informed this was illegal since he would have to jump through hoops and get approvals to become an ins company to do this.
Govt. interference is preventing free-market solutions to high prices.
December 9th, 2009 at 4:37 pm
That could be a …
That could be a sign of decoupling. They are still producing something and selling to the local consumers instead of back overseas. Not saying their economy is going gangbusters, but true decoupling is a good thing for their economy and really bad for the US.
December 9th, 2009 at 4:37 pm
You’re missing a …
You’re missing a lot. If I die of a preventable disease or wound-infection, then the nation loses real wealth, assuming I am a productive citizen, or will become one in my future. To the degree that healthcare returns me to health, & I produce good things in the future, it is a win-win. Also, if I provide a service that people want, it is a good thing, even if it is entertainment, health-care, cosmetics, fashion, etc. Someone’s life is enriched, & they willingly exchange their $ for my service.
December 9th, 2009 at 4:37 pm
One good way is to …
One good way is to go with Peter’s company or one that takes his approach. They actually buy on the foreign exchanges, as opposed to most US stock brokers that offer simply a handful of picked foreign stocks that are being middle-manned to death, and are often still dollar-denominated, meaning you are STILL exposed to the weakness of the US dollar. So if you really want to get out of the US dollar, you need to use a broker that will buy / sell on the foreign exchange.
December 9th, 2009 at 4:37 pm
for news of what is …
for news of what is really going on check:
worldreports/dot/org
theantechamber/dot/net
the worlds biggest heist ever!
December 9th, 2009 at 4:37 pm
you’re probably …
you’re probably right, most deals seem to take place behind the curtains, and clinton is really good at pretending to fix things
December 9th, 2009 at 4:37 pm
It’s more likely …
It’s more likely that nobody in the government could go because of the political scene they’re playing out in the media. The deal was done behind the scenes & clinton went to pretend to fix the situation in a couple hours.
December 9th, 2009 at 4:37 pm
I think they wanted …
I think they wanted Obama to go and he said “Screw that noise, but we’ll send an ex-president.” All that just to make their government look legitemate and get attention.
December 9th, 2009 at 4:37 pm
Maybe we can ask …
Maybe we can ask ourselves what sort of pull Clinton used on his recent mission to North Korea? Being close to China makes him the only US politician who can talk to North Korea. Like it was said that only Nixon could go to China, only Clinton could go to North Korea. The difference between Nixon and Clinton, however, was that Nixon and no connections to the Cold Warriors in the US. Where Clinton was concerned, it was all connections.
December 9th, 2009 at 4:37 pm
They already are …
They already are and have been. Just ask the Clinton’s how much money they got from China.
December 9th, 2009 at 4:37 pm
One
Big
Ass
Mistake …
One
Big
Ass
Mistake
America
December 9th, 2009 at 4:37 pm
snappy comeback, …
snappy comeback, genius.
December 9th, 2009 at 4:37 pm
You’re gonna get …
You’re gonna get wasted again if you don’t dump your Asian stuff here Peter.
The same thing that happened last year is going to play out AGAIN!
It’s just a bubble for crying out loud.
BUBBLES BURST!
December 9th, 2009 at 4:37 pm
thx i will try that …
thx i will try that out.
December 9th, 2009 at 4:37 pm
There are ETF’s …
There are ETF’s that track oil and gold, also. Be careful NEVER to buy 200% or 300% ETF’s like FAS, these depreciate in value over time.
Gold ETF: GLD
When you open up an account with an online broker (I used Scottrade as an example) you will have to pay them a fee whenever you want to buy ($7). The fee will be higher if you’re investing outside the country though ($20 + $7 + .5%) .
Check out those companies I told you about though, they’re ggoing to make a lot of money. I do own them.
December 9th, 2009 at 4:37 pm
Well I’ll tell you …
Well I’ll tell you how I go about investing in my foreign commodity. I like the ticker symbols PMMEF and MAGNF . I’m currently bullish on these because I think that they are undervalued gold mines, and I’m bullish on gold.
I just go to Scottrade, open up an account, and find the ticker symbol that I like. If the company is big enough, you will be able to find it on Scottrade. You can also contact the Scottrade office and they can place trades on foreign markets, like Vancouver or China.
December 9th, 2009 at 4:37 pm
i have a question …
i have a question to ask you, how do you go about investing in foreign commodities? Who do you go to? I know i can invest in forex, but what about foreign stocks, like i want to invest in gold or oil who do i go to? Do i have to meet a broker? If so who? How? Do i have to personally go to that country to invest, i need to know, if there’s an online method to buy these investment, pls link me the site, thx in advance.