Oh, he saw it coming!

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Oh, he saw it coming!

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

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