Oh, he saw it coming!
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Oh, he saw it coming!






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    Oh, he saw it coming! Oh, he saw it coming! Presentation Transcript

    • Oh, he saw it coming ! Main ECONOMIC PREDICTIONS made by Peter Schiff Taavet Malkov
      • Article from FORTUNE MAGAZINE ( http://money.cnn.com )
      • The necessity of consideration
      • Creating a opinion via model
      • Part I - Who is Peter Schiff ?
      • Part II – ‘ Ponzi ’ economy
      • Part III – The coming dollar collapse
    • 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!
      • .
    • 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
    • Trying to print out of trouble
      • Zimbabwe
    • Trying to print out of trouble
      • Weimar Republi c in
      • 1923
      • Lots of CASH
      • but NO purchasing power
    • 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
    • Dollar vs. gold Keyword: inflation
    • Keyword: Debt National debt of USA
    • Keyword: Bailouts Data from december 2007- november 2008 Outtake: total 7.2 trillion
    • 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.
    • 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 ’’
    • Mr doom
    • Question
      • Should one form opinion based on his information?
      • Thank you for listening