Peter Schiff CNBC 10-01-07
Posted on Sep 10, 2008 under Foreign Currency Conversion |
Devaluation is a reduction in the value of a currency with respect to other monetary units. In common modern usage, it specifically implies an official lowering of the value of a country’s currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. In contrast, (currency) depreciation is most often used for the unofficial decrease in the exchange rate in a floating exchange rate system. The opposite of devaluation is called revaluation.
Duration : 0:5:8
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September 10th, 2008 at 10:45 am
the Nasdaq is down …
the Nasdaq is down like over 10% since this video and i wonder who knows what they are talking about? Schiff knows that the great depression is coming! Prepare USA residents for the worst!
September 10th, 2008 at 10:45 am
Feb. 28, 2008
Gold …
Feb. 28, 2008
Gold - $970
Silver - $19.70
Oil - $102
Dow - 12,582
September 10th, 2008 at 10:45 am
For insight into …
For insight into whatreallyhappened(dot)com
do a search for,
Zeitgeist The Movie
September 10th, 2008 at 10:45 am
Well, option one …
Well, option one dont cut rates let liquity dry up, and banks run out of money to lend then you have dry pipes, and banks will fear lending. Option dos you drop interest rates quickly have increase liquity, and the dollar value will be useful xmas decorations, or tiolet paper. Catch 22. PPT of EU and US will have to do some mopping up like 1987 ops.
September 10th, 2008 at 10:45 am
people just don’t …
people just don’t get it…Peter does…
September 10th, 2008 at 10:45 am
guy on the right… …
guy on the right… sorry. The little bald dude.
September 10th, 2008 at 10:45 am
Peter is the bomb. …
Peter is the bomb. It amazes me how much bull is in America. Everyone is out for themselves, its pathetic. I don’t think this guy on the left is a liar, I just think he doesn’t understand our spending problems and the fed.
September 10th, 2008 at 10:45 am
Mr, Levin, it is …
Mr, Levin, it is now December 1 and gold is at $850. You and your ilk are once again proven to be wrong, wrong, wrong! “The bulls are in charge,” LOL! Mr. Levin, your wild eyed emotionalism is highly suspect; are you on something or just a shill for Bush and the Fed?
September 10th, 2008 at 10:45 am
Peter Schiff always …
Peter Schiff always proves the ridiculous talking heads to be wrong.
September 10th, 2008 at 10:45 am
The silly fed cuts …
The silly fed cuts interest rates to give an illusion of prosperity. All it does is encourage people all ready in debt to borrow more and buy more on credit. Someday this will come home to roost.
September 10th, 2008 at 10:45 am
And looking at …
And looking at hindsight Mr. Schiff was right
September 10th, 2008 at 10:45 am
lol, the guy on the …
lol, the guy on the trade floor realy did only have one thing to say “a new record number” and Schiff had all the time he needed to explain why that 14000 didn’t mean anything. Peter Schiff knows what he’s talking about, the other 2 didn’t have a clue.
September 10th, 2008 at 10:45 am
Mr.Schiff is …
Mr.Schiff is absolutely right, gold is at $850, canadian dollar is putting the greenback to shame, Mr.Schiff is right on the money, no point intended…
September 10th, 2008 at 10:45 am
Schiff speaks the …
Schiff speaks the truth. He knows what’s happening in the world. Highly recommend this video, too bad barely anyone notices it.
September 10th, 2008 at 10:45 am
peter just killed …
peter just killed this guy!
September 10th, 2008 at 10:45 am
fuck your stubid …
your stubid interest rates which did not change nothing but the dollar value
September 10th, 2008 at 10:45 am
soybean!
soybean!