Oh, he saw it coming!
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Peter Schiff correctly predicted the 2008 financial crisis. The document summarizes Schiff's predictions about the weaknesses in the US economy, including that it is dependent on consumption fueled by debt, and will experience inflation, recession, and a falling dollar as it tries to print its way out of trouble like Weimar Germany. Schiff advises getting money out of dollars and into other currencies and precious metals, and shrinking the government and stopping bailouts.
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The document provides an introduction to the Amphora Report newsletter. It summarizes the unprecedented actions taken by central banks in response to the 2008 financial crisis, which has led to speculation that the US dollar may lose its status as the dominant global reserve currency. The report argues that no single currency appears able to replace the dollar and that broad diversification is now the best way to protect wealth. It then discusses the appointment of Paul Volcker as Federal Reserve Chairman in 1979 and his immediate push for tighter monetary policy to address high inflation.
2008 Seminar Ppt 2
This document provides an overview of All Star Financial, an independent fee-only financial advisory firm. It discusses the firm's services, investment philosophy, and approach to managing client portfolios. Key points include:
1. All Star Financial provides personal and corporate financial planning, investment management, and tax services. They manage client assets using mutual funds, ETFs, stocks, and bonds.
2. The firm's investment approach focuses on reducing risk and volatility through strategic asset allocation and diversification. They emphasize keeping what you earn over maximizing returns.
3. Examples from past economic cycles and market downturns illustrate why diversification and staying the course are important strategies during volatile periods. Panicking and making
Financial Crisis
The document summarizes the events that led to the 2008 financial crisis. Cheap money policies by the Federal Reserve encouraged risky lending. Mortgage loans were given to high-risk borrowers and new financial instruments spread risk throughout the system. When the housing bubble burst, the crisis spread globally as losses mounted. The document provides tips for surviving the crisis such as reducing debt, investing for the long term in necessities, and staying informed about market conditions.
Chapter 11 Economics Money and Banking
This chapter discusses the history and evolution of money, including:
1) Money has evolved from barter systems to commodity currencies like salt and spices, then to precious metals like gold and silver, and eventually to paper currencies and modern fiat money issued by governments.
2) Banks play an important role in modern economies by accepting deposits, issuing loans, and facilitating transactions, though they are also susceptible to failures and panics without regulation and insurance.
3) The U.S. has experienced various monetary systems throughout its history such as commodity-backed and gold-standard currencies, and more recently a fiat system managed by the Federal Reserve central banking system.
Recession 2009
The document discusses recessions over time and analyzes the current global recession of 2009. It compares factors like duration, impact on unemployment and GDP, and leading economic indicators. While the 2009 recession is more widespread than previous recessions, emerging economies like India and China are still expected to see growth. The recovery may take until 2014, led by growth returning to China and India, but the conditions of the 2009 recession are not expected to be as severe as the Great Depression.
Rumpelstiltskin at the Fed by Harley Bassman, PIMCO, executive vice presiden...
Rumpelstiltskin at the Fed by Harley Bassman, PIMCO, executive vice president & portfolio manager
SUMMARY
Has the Federal Reserve reached the bottom of its policy toolkit? Many things are still possible, at least in theory, including negative interest rates (which we believe would be ineffective and potentially harmful) or a “helicopter drop” of money. Another option is to resurrect a successful plan from 83 years ago: Purchase a tremendous amount of gold at a price substantially higher than market levels.
A massive Fed gold purchase program might finally lift the anchor on inflationary expectations and consumers’ spending habits. It would increase the price of a globally recognized store of value. It almost sounds like a fairy tale – but it’s happened before.
Though it seems incredibly farfetched, a massive Fed gold purchase program could echo a Depression-era effort that effectively boosted the U.S. economy.
Warren Buffett famously railed against the shiny yellow metal in 2012 when he noted all the gold in the world could be swapped for the totality of U.S. cropland and seven ExxonMobils with $1 trillion left over for “walking-around money.” His point was that these assets can generate significant returns while owning gold produces no discernable cash flow.
While this observation is certainly true, the rub is that this is not a fair comparison since gold is not an asset; rather, it should be considered an alternate currency. Pundits often describe the five factors that define “money”:
Its supply is controlled or limited,
It is fungible/uniform – this is why diamonds cannot qualify,
It is portable – this is why land cannot qualify,
It is divisible – thus art cannot be money, and
It is liquid – this means people will readily accept it in exchange.
By this definition, gold is certainly a form of money, and to Mr. Buffett’s point, one also earns no cash flow on paper dollars, euros, yen or yuan.
1
This document provides an overview of the chapters in a book about profiting from the financial crisis. It summarizes the causes of the crisis as risky lending practices by banks that led to a housing bubble. When housing prices declined, it caused mortgage-backed securities to plummet in value. This led to losses for banks and a freezing of the credit markets. The crisis then spread globally. However, the document argues that crises also create investment opportunities for knowledgeable investors, and the following chapters will discuss how to profit by buying undervalued stocks and sectors.
The Asian Debt Crisis of the 1990's
The document summarizes the Asian financial crisis of the late 1990s. It describes how large capital inflows into Southeast Asian countries in the early 1990s fueled economic booms and real estate bubbles. However, the bubbles eventually burst when foreign investors began pulling money out. This led Thailand to float its currency in July 1997, sparking a financial crisis that spread to other countries through currency devaluations and falling stock markets. The IMF intervened with bailout packages that required economic reforms. The crisis exposed issues with crony capitalism and overreliance on foreign capital inflows in the region.
Fir securewealth 0
This document provides an introduction to the Financial Intelligence Report (FIR) investment newsletter. FIR was founded in 2003 by Christopher Ruddy to share contrarian investment ideas and recommendations from a team of international investors. The newsletter aims to help individual investors protect their assets in changing market conditions. It emphasizes investing in dividend-paying stocks, sectors that tend to perform well in different economic environments, and taking a global perspective to find investment opportunities. The introduction outlines FIR's philosophy of independent thinking and sharing insider expertise to help guide readers.
The Bullfighters
The document discusses the 2008 global financial crisis and issues of transparency surrounding it. It describes a meeting where central bank chiefs debated revealing the full extent of the crisis at once or in increments. They decided to disclose it gradually, as the truth was too large for markets to absorb all at once. It questions whether banks and governments are fully transparent about where money is coming from to deal with the crisis and who will bear the impacts. It also explores how a lack of oversight on Wall Street allowed finances to become detached from the real economy, fueling commodity speculation and price increases.
Ricardo V Lago Universityof Miami Business Forum 15 01 2009
Mesa Redonda sobre la crisis financiera internacional y las perspectivas de inversion :monedas, activos , bonos , acciones
Oklahoma Economic Outlook
The presentation discussed the economic crisis and its causes, including irrational exuberance in housing and stock markets, moral hazards created by bailouts, and the use of financial innovations like derivatives. It outlined the Fed's many interventions to provide liquidity and stabilize markets. While opinions varied, the recession was predicted to be long and deep. Oklahoma's economy would likely fare better than the nation due to more diversification, but still suffer impacts. Once the crisis passed, the financial system would need reform to avoid future moral hazards.
Final Days Of Dollar
This document discusses preparations individuals can make as the U.S. dollar faces risks of devaluation or hyperinflation due to unsustainable government debt and deficits. It recommends getting out of Treasury bonds, investing some cash in currencies of U.S. creditor nations like China, opening an offshore bank account in Switzerland, keeping stashes of foreign currencies, silver coins, and gold coins to preserve purchasing power outside of dollars. The overall message is the dollar's value and status as the world's reserve currency are at risk so diversifying out of dollars into tangible and foreign assets is prudent.
The Financial Crisis- paper
The document provides a summary of the key causes and events of the global financial crisis that began in 2007-2008. It discusses how a decline in lending standards and rising housing prices in the US encouraged many homeowners to take on difficult mortgages. Once housing prices dropped and interest rates rose, defaults and foreclosures increased dramatically. US banks had repackaged risky mortgages into complex financial products that were distributed globally, spreading risk throughout the financial system and making the effects of the crisis global in scale. The document outlines several major events such as the failures of Bear Stearns and Lehman Brothers that accelerated the crisis.
Global financial crisis
The document discusses the global financial crisis that began in 2007 and its causes and consequences. It notes that the crisis originated from risky subprime mortgages in the US that led to a liquidity crisis when housing prices declined. This caused financial institutions like Lehman Brothers to collapse. The crisis had widespread consequences like stock market declines, rising unemployment, and housing market downturns. Governments implemented stimulus programs to combat the crisis and adopted new financial regulations to prevent future crises.
Bubbles ppt, behavioural finance
The document discusses economic bubbles, defining them as situations where asset prices exceed their fundamental value due to speculative demand. It then provides examples of different types of bubbles like market, commodity, and stock bubbles. The causes of bubbles are explained as irrational exuberance, herding behavior, short-termism, and monetary policy issues. Finally, the 5 stages of bubbles are outlined as displacement, boom, euphoria, profit-taking, and panic.
Similar to Oh, he saw it coming! (20)
Rumpelstiltskin at the Fed by Harley Bassman, PIMCO, executive vice presiden...
Rumpelstiltskin at the Fed by Harley Bassman, PIMCO, executive vice presiden...
Ricardo V Lago Universityof Miami Business Forum 15 01 2009
Ricardo V Lago Universityof Miami Business Forum 15 01 2009
Oh, he saw it coming!
- 1. Oh, he saw it coming ! Main ECONOMIC PREDICTIONS made by Peter Schiff Taavet Malkov
- 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
- 15. Mr doom