Peter Schiff show

Schiff is always entertaining in a loud Jewish sort of way.   In other words, he's right but he can still be hard to listen to.  I know the feeling...

In any case, I think his ongoing podcasts are worth listening to because everything he says will eventually be proven to be true.  The federal reserve is running a con game.  Sooner or later the people will give up on them and then they will lose face.  Since the value of a faith based currency is primarily controlled by the amount of faith in the issuer of such intrinsically worthless currency, the dollar cannot do well if the fed loses face.

As the  economy goes back into recession I think that Schiff will turn out to be correct: the fed is not going to raise rates.  The bond market might do it for them but the fed will not lead with this.  Per Schiff, it's more likely that they will claim that the economy got unexpectedly weaker and thus they will want to do QE4.  If this happens right as GLD hits the low to mid 90s (i.e. Avi's wave 2 price target) then feggedaboudit, Avi will turn out to be right.  QE4, (yes 4) would be the signal that the fed is completely out of control of the economy, something that is still not apparent to the unwashed, economically ignorant masses who foolishly still believe government lies.

I continue to believe that all thinking people should just stop any 401k CONtributions and instead go buy gold and silver coins with the money.  Just treat precious metals as your retirement savings account.  If you do this, when you need the money in your retirement it will be there for you.  Otherwise you get to play a game of "do you feel lucky?".