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Gold price will explode & dollar get wiped out warns investor Peter Schiff

Submitted by: Odio @ 07:59 AM | Thursday, December 7, 2017 | (url:

Peter Schiff was among the few economists who correctly predicted the financial crisis in 2008. Ten years later, he sees another crisis emerging: a crisis that can crash the stock market and wipe out the US dollar.

I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because thats where were headed. The real crash I wrote about in my most recent book is still coming, Schiff said in an article posted by Greg Hunter's and quoted by ZeroHedge.

According to Schiff, the US Fed has inflated a gigantic bubble, which is impossible to pop, but when it bursts, the consequences would be very painful for the economy and much bigger than the 2008 meltdown.

I think this bubble is too big to pop. I think its the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we cant kick the can down the road anymore. This time, the crisis is going to hit everyone in the wallet, he said.

He compared the $20 trillion US debt to a camel loaded with straws.

How many straws can you put on a camels back? You dont know until you put that final straw thats one too many and you break his back. So, can we go to $25 trillion in debt? Maybe. At some point, we are going to break the back of the camel with all this debt. Then we are going to find out how much debt we can pile on, and its not going to be pretty, Schiff said.

Everybody is going to lose. Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market. The dollar is going to tank, and purchasing power is going to get wiped out.

Schiff says the current financial system would also fail to artificially curb the prices of precious metals.

Category: Entertainment | 19 Comments
Tags: gold jews

Orange Box Goes Gold

Submitted by: OtakuMark @ 09:15 AM | Thursday, September 27, 2007 | (url: http://biz.gameda...)

With news that the developer had banned playing BioShock until the game was completed, we had to ask if the company also banned Halo 3. "We might need to cut folks off of The Orange Box," was the only reply.

With the Valve team's win over the Shacknews community team in Team Fortress 2 and their reports of playing TF2 more than any other multiplayer game they have developed, I believe Valve may be addicted to their own game.

The Orange Box is set to release on October 10th for PC and Xbox 360. Unfortunately, the Playstation 3 version is set to release later and is being worked on by EA instead of the Valve team.

Halo 3 Goes Gold

Submitted by: DudeofDeath @ 11:46 PM | Wednesday, August 29, 2007 | (url: http://www.gameta...)

The fight is ready to be finished: Halo 3 has gone gold and is heading to manufacturing.

Coming soon to a store near you. ;)

S.T.A.L.K.E.R. Has Gone Gold

Submitted by: Beren @ 06:36 PM | Friday, March 2, 2007 | (url: http://au.gamespo...)

Oh how long have we been waiting for this... so many years. I really hop that the game can live up to the expectation. I have been drooling over it for years.

Tortuga: Two Treasures Goes Gold

Submitted by: Colosus @ 04:23 PM | Saturday, February 24, 2007 | (url: http://www.tortug...)

CDV Software Entertainment USA and Ascaron Entertainment are pleased to announce that Tortuga: Two Treasures, the swashbuckling action-adventure title for PC, has gone gold today. Set to ship to North American retail on March 5, Tortuga: Two Treasures will challenge players to prove their mettle in swashbuckling, sword fighting and sailing as they seek revenge on the dreaded Blackbeard.