The Independent published an article by Robert Fisk on Tuesday October 6 called “The demise of the dollar” adding weight to the rumors that have been going around about an upcoming attack on the USD by the Chinese.
As a coincidence (or not) the dollar value of gold jumped by around 50 dollars in one day.
Below are some links that deal with the issues and their consequences raised in the article a lot better than I ever could.
Peter Schiff’s speech to the mortgage bankers 2006 is now available in one part. I have previously transcribed the speech in the in its “cut-up” form. So in this post, I have put together all the previous posts. The transcription includes the Q&A section at the end. There are probably plenty of errors in the transcription so please leave a comment if you find one.
A colleague of mine suggested I watch Peter Schiff’s speech to a bunch of mortgage brokers in 2006 in which he in essence predicts the complete collapse of the US mortgage and real-esate markets. It is truly incredible speech that is upsetting on so many levels. I found it so interesting that I will try to transcribing it, so that it can be accessible in written form (couldn’t find this particular speech transcribed) for translation into other languages. I do believe that EVERYONE should hear this. It is just a hint of what is to come, and we need to be prepared so that we can find alternatives when things start hitting the fan.
“Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8 – on YouTube by EPAdmin”