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Thread: for what it's worth - Peter Schiff's 'Crystal Ball'

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    Default for what it's worth - Peter Schiff's 'Crystal Ball'

    I'll leave it to you to do your own background reading at

    However, I would point out that Mr. Schiff brings a very 'globalized' i.e. non-US centric view towards US stock and bond markets - as his 'Crystal Ball' vision clearly indicates.


    (snip)"So what to do with your U.S. stock investments now? My basic recommendation is to restructure your domestic stock portfolio with conservative, dividend-paying foreign stocks that will produce currency appreciation and keep you out of the collapsing dollar and immune from any desperate measures or political gambits that the U.S. government might resort to as the economic predicament worsens.

    Some domestic stocks are worth holding on to, such as mining companies and producers of basic materials, energy and agricultural commodities that trade worldwide in dollars and will benefit from a commodities boom. I would hold the major oil producers, but be prepared for an excess-profits tax. A better bet would probably be oil service companies, which benefit more directly from a strong oil market and are unlikely to be hit with excess-profits taxes. Makers of farm equipment or fertilizer companies are proven as a way of participating in the agricultural boom. Exporters and multinationals with good foreign exposure should also do well.

    The most important part of any U.S. allocation would be to avoid like the plague any stocks largely dependent on American consumers, especially when it comes to discretionary purchases or repaying their debts. That includes financials, retailers, home builders and consumer discretionary. I would also avoid any high-multiple stocks, which excludes most technology or biotechnology companies.

    Another thought: Any U.S. company not adversely affected by inflation and producing a good global earnings stream is a possible target for acquisition by a sovereign-wealth fund – or private foreign buyer. That's bad news for the American economy but potentially good news for some American shareholders. Witness Anheuser-Busch Cos. Inc. "(snip)

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    Default Re: for what it's worth - Peter Schiff's 'Crystal Ball'

    I see you're still citing the heavily self-promoting fringe, including Lew Rockwell, the person who wrote most of the racist material published in Congressman Ron Paul's old newsletter.

    When will you learn, Melonie?

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    Default Re: for what it's worth - Peter Schiff's 'Crystal Ball'

    ^^^ not wanting to get personal, but I have learned that when 'paid content' from a well respected investment advisor ... in this case Peter Schiff of Euro Pacific Capital ... becomes available for free by being posted on some unrelated website, that it's definitely worth reading. If that unrelated website is 'less than objective' with its own material, this does NOT mean that external material posted on that unrelated website is similarly 'less than objective' ( something that was strongly implied by your post ). Nonetheless, I specifically included a 'for what it's worth' disclaimer in the thread title.

    However I have also learned that, as conventional 'liberal' economic principles are increasingly being proven wrong / ineffective, that the levelling of the 'racism' label is often being substituted in place of meaningful 'liberal' economic counter-arguments !

    ~
    Last edited by Melonie; 09-19-2010 at 03:44 AM.

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    Default Re: for what it's worth - Peter Schiff's 'Crystal Ball'

    Quote Originally Posted by Melonie View Post

    However I have also learned that, as conventional 'liberal' economic principles are increasingly being proven wrong / ineffective, that the levelling of the 'racism' label is often being substituted in place of meaningful 'liberal' economic counter-arguments !

    ~
    Well, they certainly cannot be wrong - they are intelligent and ponder these things with people of the same ideas and perception of the world - every one else thinks the same way so it must be true - kinda like the earth was flat you know - so they must be right! Rrrrr... left! It must be anti-social types mucking things up! It must be!

    Kinda like the fools who continuously watch globalism destroy the US economy and can't figure out why we have been stagnant for 10 years and in deep recession (depression) for three.

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