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For the wealthy, it's all about asset protection. For many of us, it's about fighting the banksters, delaying foreclosure, learning to live without credit, and starting over. Surprisingly, both groups will use the same methods to improve their financial lives.
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Peter Schiff gives a great overview of economics in one lecture.
Mr Schiff has produced two YouTubes since we were last with him.
The first video, from the 26 of November, discusses the dollar and its ugly-lady contest with the euro, plus the peculiar United States shopping festival of Black Friday and what this credit-card-fuelled event says about the general level of American economic knowledge regarding the difference between production versus consumption:
The second video, from the 3rd of December, discusses the recent surge in gold, on its way towards the highly significant price of $1500 dollars an ounce.
In a move which will please the Mogambo Guru, Mr Schiff also discusses oil prices and the Zimbabwean madness of the Keynesian multiplier, where the US congress thinks that for every new dollar of unemployment benefit printed and handed out in its largesse, two dollars of economic growth will be created from the firmament of Keynesian wonderment. Schiff asks the obvious question; if this was the case, why doesn’t the congress just give everyone unemployment benefit, and lots of it, to really get the party going:
Laffer has a new book out but still cannot be believed.
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