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Oh, he saw it coming!

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Transcript

  • 1. Oh, he saw it coming ! Main ECONOMIC PREDICTIONS made by Peter Schiff Taavet Malkov
  • 2. INTRODUCTION
    • Article from FORTUNE MAGAZINE ( http://money.cnn.com )
    • The necessity of consideration
    • Creating a opinion via model
  • 3. INTRODUCTION
    • Part I - Who is Peter Schiff ?
    • Part II – ‘ Ponzi ’ economy
    • Part III – The coming dollar collapse
  • 4. Part I - Who is Peter Schiff?
    • University of California at Berkeley ,
    • graduating in 1987
    • J ob as a broker at Shearson Lehman.
    • In 1996 he and a partner bought an existing broker-dealer business and renamed it Euro Pacific Capital.
    • In 2005 he moved his headquarters to Darien, Conn.
    • A Man, who saw it coming!
    • .
  • 5. Part II – ‘ Ponzi ’ economy
    • D ependent on consumption
    • F ueled by trillions of dollars borrowed mainly from Asian countries like Japan and China
    • Power to print money
  • 6. Trying to print out of trouble
    • Zimbabwe
  • 7. Trying to print out of trouble
    • Weimar Republi c in
    • 1923
  • 8.
    • Lots of CASH
    • but NO purchasing power
  • 9. Part III – The coming dollar collapse
    • 3 keywords: Bailouts, Debt, Inflation
    • multiyear recession ahead
    • marked by rampant inflation
    • falling wages
    • soaring commodities prices
    • slumping U.S. stock indexes
    • a steadily weakening dollar which eventually lose most of it’s value
    • wicked post-party hangover
  • 10. Dollar vs. gold Keyword: inflation
  • 11. Keyword: Debt National debt of USA
  • 12. Keyword: Bailouts Data from december 2007- november 2008 Outtake: total 7.2 trillion
  • 13. Peter’s personal advice
    • Get your money out of the U.S. dollar
    • into more fundamentally sound currencies ( like the Swiss franc or the Singapore dollar )
    • buy precious metals
    • buy foreign dividend-paying stocks, with an emphasis on natural-resources companies.
  • 14. Peter’s advice for US government
    • Shrink the government radically
    • cancel all bailouts immediately
    • ‘’ take plenty of tough medicine, and let the free market do its job - however harsh it may be for ’’
  • 15. Mr doom
  • 16. Question
    • Should one form opinion based on his information?
  • 17.
    • Thank you for listening