Comments on: Peter Schiff or Nostradamus?

By: kelly

kelly — Sun, 28 Dec 2008 09:14:02 +0000

Good post John! Robert Kiyosaki and health advocate Mike Adams also a few who’ve also predicted the economic recession way ahead of time.

P.S. Apologies for the late reply. I tested CommentMilk and it didn’t work on my blog! I am using TwitTip instead to add another URL field for Twitter profiles.

By: John Lessnau

John Lessnau — Wed, 24 Dec 2008 04:27:38 +0000

Yes, massive inflation has it’s perks. The nice thing about inflation, my mortgage will be much cheaper for an easy pay off as long as I am able to charge more dollars for my services as inflation increases. With deflation, things are a bit more dicey. No one wants to work all day for a few dollars when they have a $2000 mortgage to pay (the problem during the great depression).

I like Obama’s commitment to becoming energy independent in 10 years, the US will be so much stronger if we win the energy independence war instead of the fighting hopeless oil wars at 5 billion a month. It is very nice not to have an oil man in the white house and have a president that is actually intelligent. Intellectualism is the new red neck.

By: Mike Razzell

Mike Razzell — Wed, 24 Dec 2008 04:10:30 +0000

I wouldn’t worry about inflation too much.
Inflation is only bad if you are the only one who has it. If everyone has high inflation( all countries) it is of no particular concern except for those with cash in the bank. For those with heavy debt( usually the young) it will be a blessing.
People who think that gold is of any true benefit in the long run are living in the past-just as diamonds have no true value in the modern day presence of synthetic diamonds then gold has no true value in the presence of modern metals- In fact gold is of only cosmetic value.
I personally think we will see a sustained period of deflation. This again is neither good or bad in the long run.
What is more important is that the west weans itself off oil. If the west remains an oil addict it will end up in a much worse position as time goes on.

By: Bruce > The Big Desk

Bruce > The Big Desk — Mon, 15 Dec 2008 02:39:33 +0000

Thanks for the note about Schiff I’ll have to check that out. First time here..looking forward to hearing about your blog network idea. I’ll add you to Twitter in hopes of keeping up to date. Best of luck.