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Peter Schiff: Last Week Was Lowest US Job Earnings Since They Started Tracking it!
In the following video Peter Schiff gives his diagnosis of what we’ve seen so far this week in the financial markets. He begins by saying we haven’t seen anything of major significance this week, however the only trends worth noting have been negative ones. To begin with, the growth in Consumer Credit in December was $21.3 Billion. Growing consumer credit one of the largest problems this phony economy has. Borrowing for consumption is NOT a recipe for a healthy economy.
A healthy economy does not depend on consumers borrowing to consume, it depends on consumers’ savings to consume. Businesses should be using our savings to invest in capital and equipment to grow the economy. Instead, when savings are used up for consumption, you undermine long term economic growth, and therefore future consumption is diminished by current consumption.
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Meanwhile, people want to know why they are seeing a resurgence in the price of commodities, and the rate of inflation starting to go up! What to know why? Since the Fed decided to raise rates, we’ve seen a resurgence in commodity prices, oil is up another dollar, gold is up to to $1,270 per ounce, industrial metals keep rising, and this resurgence in commodity prices means a resurgence in inflation, which means a resurgence in stagflation, and then all the central banks that have been using low inflation as an excuse to print more money are going to be out of options. Normally, banks would raise rates, but the United States is so broke, you saw what a raise of less than .25% basis points did to the market. It prompted the worse start to a financial year EVER, so clearly that is off the table, regardless of what boobs like Scott Nations have to say.
The Dollar hit new seven month lows this week against several foreign currencies, and since commodities are priced in Dollars, of course the cost of commodities is going to go up. As the Dollar continues to drop, expect higher and higher prices. Despite all that, Obama Keeps “Peddling Fiction” the we’re in a recovery despite the number of Unemployed Americans topping 100 Million People. Furthermore, any the talk of positive job growth in this last week’s number’s is pure garbage. 90% of the jobs created were part time jobs, 80% of those were minimum wage jobs, and what the media isn’t telling you, is that when you combine the hours worked, with the new lower wages all Obama’s “New Jobs” are paying…
LAST WEEK WAS THE BIGGEST DROP IN U.S. EARNINGS SINCE THEY BEGAN KEEPING TRACK OF EARNINGS!
NEW: THE FOLLOWING TWO POSTS FEATURE BOTH PETER SCHIFF AND DR. JIM WILLIE:
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Peter Schiff and Dr. Jim Willie Warn Investors About Timing Fed Market Rally
FOLKS, WE’RE ON A SININKG SHIP!
TIME TO START BAILING WATER!
Peter Schiff: Last Week Was Lowest US Job Earnings Since They Started Tracking it!
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: US Dollar is Being Surrounded By All Sides; It’s Tragically Comical
Dr. Jim Willie: We’re in the Bottom of the 9th; The US Dollar is Dying (2/28)
Dr. Jim Willie: Economic Collapse is On Our Doorstep
Jim Willie: “The Quickening” is Approaching Global Economic Markets
Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall
Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse
Jim Willie: Global Banking Cabal and Their Satanic Rules Are Ready to Strike
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
Jim Willie, The Fed’s Week of Reckoning, and an Isolated United States
Jim Willie: After Banks Fail, Government Seizes IRA’s, 401k’s, and Pensions
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
Jim Willie: What Do the Oil Black Market, NATO, and ISIS Have in Common?
Jim Willie; One on One -Taking Questions On the Most Pressing Matters of the Day
Jim Willie: The Fed, Yellen, US Dollar, and Negative Interest Are a Joke!
Jim Willie Explains U.S. Nuclear Threats to China & Russia Over Challenging the Dollar
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Newest Recession Hiding in Plain View; American Dream Is Dead
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Federal Reserve Only Delaying Total Financial Collapse of U.S. Economy
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Recovery Fantasy Persists Despite Recession Evidence
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff: Due to the Feds Antics, the Market is Very Dangerous Now
Peter Schiff and “If The Economy Is Fine, Why Are So Many Large Retailers Imploding?”
Peter Schiff: Take a Good Look at the “New” American Dream!
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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