Peter Schiff Reveals Strategy For New Global Currency - THE REAL ENDGAME

Schiff talking at an investment conference in Saudi Arabia in Jan 2009 Schiff has consistently hinted at the fact that should they be so minded the Saudis or the Chinese could in one fell swoop seize the balance of global power by creating their own gold backed currency. How? - i) by buying up all of the major gold miners - offering over the odds to ensure the deal goes through. Declare all of those companies' existing and future gold reserves will be stored in their national bank vaults and used as the basis of a new gold-backed currency. This new global currency would virtually instantly supplant the dollar as the world's currency of choice / reserve currency and - by extrapolating this scenario - the US is relegated to a second-tier nation. ii) implicit in this suggestion is that these nations could otherwise buy as much gold on the open market in order to bolster their reserves ahead of declaring a gold-backed currency. China and Saudi have in fact been doing this for the past 6 months or so... I should make it clear that I do NOT think Schiff is doing anything wrong or underhand here, he is merely saying out loud what is already being widely discussed. Oh - and Peter Schiff was right and will be right.

Comments

1. And the price of gold starts to skyrocket.
2. he not conspiring with foreign he is using his freedom of speech he is an economist economist are not blind to patriotism he who as the gold rules the West doesn't have the gold so they don't get to make the rules and TadRapidly is right he would tell this to the US as well
3. How are those gold stocks working out for you Peter?
4. Wow Peter schiff. conspyiring with foreigners to destroy the dollar wtf...I lost all respect for you..
5. To anyone who is worried Get this insurance for your families well being, Get a water source & filter stock up on long term food build it up slowly to avoid price shock of a years supply, Get your property/land in a 30 year fixed rate to protect you from hyper inflation. Buy Heirloom seeds Rabbits &/or Chickens for long term food supply. learn to preserve food. With this foundation you will be able to face nearly any crisis and survive to build your life anew.
6. It's just too bad. America is turning into a 3rd world country.
7. lol, I just watched this one.
8. I want your jew gold kyle.. Eric Cartman
9. @TadRapidly who is tring to destroy our economy ??
10. Can he be wrong ?.... NO But he forgets that USA will start WARs like NAzi Germany of 1939 ... So that is why I say GOD bless Russian Federation nuclear stockpile.
11. @jakhannew : No problem man! I welcome all people into my circle of friends =). However, on a related topic ( to the actual video), I am concerned about the negative effects of globalization. I think we are all in agreement on that one, right everybody?
12. how? if you think the saudies are against America then yes, but you wrong.. saudies love america
13. Hahaha, like if ANYONE in the US wants to hear it!
14. -- ALL -- ISLAM ,, Haters ,, from USA ... why are you blaming ISLAM , Your goverment has been funding and helping terroists from AFganistan to Bosnia and Kosovo .. Now you hate Saudi Arabia , Peter is saying the right thing , but he forgot , That USA on the other hand may support Iraq and Iran , and other Saudi haters in middle east ,to desteoy Saudi Arabia , and Saudi Arabia would FALL... Saudi Arabia knows USA is their security ..
15. At least Islamic banking is honest banking.
16. The US betrayed us are fucking kidding me? Peter Schiff is doing us all a favor. And the quicker our economy craps out the better we can reclaim our country from the crooks in washington.
17. Even though I like Peter Schiff, I somehow feel he is betraying the US giving this advices to the Saudis
18. Yeah! to the wrong people! FO&(*7 him!!!
19. He would tell our politicians the same thing but they won't listen; they want to destroy our economy in order to centralize their power more and start introducing their "solution": RFID chips.
20. I think that Peter is just trying very hard to do something UNUSUAL in today's economic investment adviser circle... he's trying to TELL THE WHOLE TRUTH!