Ben Bernanke throws the dollar over the Currency Cliff
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Published on Dec 12, 2012
And in the process lets Alan Greenspan off the hook -- as he is now officially the worst Fed Chairman ever!
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Alex Bagoli 3 days ago
gold will protect you from anything except the end of the world. if the government doesnt collapse, then your money invested in gold will retain its value over time, and thus your savings are retained. in addition, you can capitalize on whatever government programs there will be and you will also keep your savings over time in gold. if inflation maintains its historical rate since 1950 of 6% per year, then your savings drop in value by half every 12 years, but gold value will go with inflation.
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boswos 6 days ago
Well, you need dollar to buy food and energy.... You need food to survive... All the "printed" dollar is in American people houses, cars, material junk like electronics. When you hungry and do not have the "printed dollar" you will not be able to buy food. Might sound stupid, but that is the truth. Try to eat your gold, silver, drywall from your walls, how about that Viking oven, that you bought using your credit card... the oven that you do not use, because you eat out any way.....
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marcusgoes 1 week ago
No Way!!!

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Paxmax 1 week ago
16:40... you do not seem to grasp the richter scale, keep it real instead.
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DANTHETUBEMAN 1 week ago
the only reason peter's past years predictions haven't come to pass it the fed running the printing press in a borrowing economy , but you can only put a bandage on it for so long,,reality will always rear its hear in a totally manipulated market.
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ThisIzJon 1 week ago
On the bright side, we can all make giant dollar bill pyramids like the joker did on that batman movie.
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zeusvalentine 1 week ago
where is the price inflation, Peter? I wish you would give this some thought. I still can't raise prices 3 years later. where are all these dollars going? people are as broke as ever, and they want to pay less than they did yesterday. isn't the scenario of borrowed dollars in a lackluster economy with price deflation an even worse case scenario? wish you would address this.
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47barolo 1 week ago
Schiff is right on. How anyone can chastise him for using common sense astounds me. Bernanke will destroy the dollar and the financial system.
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TheSunergizer 1 week ago
So Peter. Have you stepped outside your financial paradigm and looked at how the whole of society will go when the Dollar crashes?
Have you stocked up on food and water and weapons?
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mie sie 1 week ago
I must say you are too soon. There is going to be spike in next summer and papers are goin to say it is because weather. They are saying inflation dosen't count that and inflation is normal.
Of course this will make people using more money in food and less china crap. Because of that china will improve their inner market and that is slowly goin on.
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