More at therealnews/t/in...With markets in free fall, economist Peter Schiff opposes stimulus and printing money to fund it

netIt all depends on what the definition of "money" is.

Schiff is as "good as gold" in this early 2008 interview on Fox Business. Money retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy.And, he warns of coming bankruptcies for Freddie and Fannie.Are people listening now?

In this video Peter says that 2008 was the worst year "ever" for stocks, but he thinks that they will be headed a lot lower in 2009, 2010, and 2011. He says that everything that Obama has promised is going to be destructive to the entire U.S. economy. In regards to Bernanke being a "student of the Great Depression," Peter says, "if he were my student, I would have flunked him." Peter then talks extensively about the Great Depression and how it was the government that created the depression.net

What's next? I'll tell you what's next...The housing bill. The government has come up with a great idea to solve the mortgage crisis.Wanna know what it is?They are going to take money from YOU, the responsible citizen and give it to irresponsible companies like Fannie Mae and Freddie Mac. In order to make them more successful. In order to make them more money.They are going to take money from YOU the responsible citizen and give it to irresponsible citizens and some non-citizens. Who took out mortgages to buy house they KNEW they couldn't afford.Are you freaking kidding me?! What kind of logic is this? How do you explain this to a kid these days, if you're his father? or if you're his freaking teacher? Ah. Miss Crabtree, how do I become a responsible citizen these days? Well Johnny, you go to work. You make money. You pay your bills. and you live within your means.Meanwhile Johnny goes home and sees his neighbor sitting on his lawn at 2 o'clock in the afternoon, drinking beer out of a freaking wine bottle. He's got a brand new car in the driveway and a beautiful wife upstairs.Now, Johnny knows that his father is working 2 jobs and not only to pay for his mortgage. But for his freaking neighbors mortgage too! And you expect Johnny to be a responsible citizen? Are you freaking kidding me?!!They shouldn't call this a housing bill. They should call it a degenerate bill. They should call it a freaking scumbag bill. Because that's what they're teaching kids to do with this bill. To not be responsible. To not pay you're bills. To not worry about anything. And when the freaking world comes crashing in on you. Don't worry! The government will be there to pick up the pieces.How will they pick up the pieces? By using the money of the person who was responsible. The guy who did the right thing. The guy who followed all the freaking rules!What a freaking country!!This is the way things have been going for the last 100 freaking years!I just have one question... When is it gonna freaking change?! When is it gonna change?!!!what's next! what's next!! what's next!!!

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

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"Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar.

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

Dec 6 - Peter states that many of the jobs we are losing now should not have ever been created. He goes on to insist that America needs to start creating wealth through production and saving.Peter is correct in stating that the Government doesn't have the money it's using to bailout out various industries, they are essentially printing money out of thin air.Part 2 of 2sharewave.org

Visit com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.