Oh, he saw it coming!

Main ECONOMIC PREDICTIONS made by Peter Schiff

Taavet Malkov

INTRODUCTION

Article from FORTUNE MAGAZINE (http://money.cnn.com)

The necessity of consideration

Creating a opinion via model

INTRODUCTION

Part I - Who is Peter Schiff ?

Part II – ‘Ponzi’ economy

Part III – The coming dollar collapse

Part I - Who is Peter Schiff?

University of California at Berkeley, graduating in 1987

Job as a broker at Shearson Lehman.

In 1996 he and a partner bought an existing broker-dealer business and renamed it Euro Pacific Capital.

In 2005 he moved his headquarters to Darien, Conn.

A Man, who saw it coming!.

Part II – ‘Ponzi’ economy

Dependent on consumption

Fueled by trillions of dollars borrowed mainly from Asian countries like Japan and China

Power to print money

Trying to print out of trouble

Zimbabwe

Trying to print out of trouble

Weimar Republic in 1923

Lots of CASH

but NO purchasing power

Part III – The coming dollar collapse 3 keywords: Bailouts, Debt, Inflation

multiyear recession ahead marked by rampant inflation falling wages soaring commodities prices slumping U.S. stock indexes a steadily weakening dollar which

eventually lose most of it’s value

wicked post-party hangover

Dollar vs. gold

Keyword: inflation

Keyword: Debt

National debt of USA

Keyword: Bailouts

Data from december 2007- november 2008

Outtake: total 7.2 trillion

Peter’s personal advice

Get your money out of the U.S. dollar into more fundamentally sound

currencies (like the Swiss franc or the Singapore dollar)

buy precious metals buy foreign dividend-paying stocks,

with an emphasis on natural-resources companies.

Peter’s advice for US government Shrink the government radically cancel all bailouts immediately ‘’take plenty of tough medicine,

and let the free market do its job - however harsh it may be for’’

Mr doom

Question

Should one form opinion based on his information?

Thank you for listening