The 2 links that Peter Schiff talked about in his video:
- NYT: With F.H.A. Help, Easy Loans in Expensive Areas.
What Peter Schiff was referring to:
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Peter Schiff disagrees with Nouriel Roubini about whether there is a commodity bubble (e.g., gold).
This entry was posted in Finance, Financial Markets, Politics, The Global Economy and tagged commodities, commodity bubble, credit, economy, Federal Reserve, Finance, Financial Markets, global economy, gold, loans, Nouriel Roubini, Peter Schiff, Ron Paul, silver, Timothy Geithner, Treasury Secretary Timothy Geithner, US dollar, US economy, US politics. Bookmark the permalink.
One Response to Peter Schiff disagrees with Nouriel Roubini about whether there is a commodity bubble (e.g., gold).
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When anyone refers to “money printing” or national/state bankruptcy, I would like to hear more concrete arguments about monetization and failure of a Fed unwind on one hand, or a default on the other would actually evolve.
Public debt crises are THE terrain of the next ten years, but throwing around phrases like “printing money” or “the US is bankrupt” contribute more heat than light if they don’t move beyond those shallow terms.