Wall St. Unspun with Peter Schiff, Wednesday 8pm EST

[constitutional]

The Official Thread - Bump.

 

[constitutional]

He says we are going to have inflationary depression, wouldn't it be a good idea to buy a house now and pay it off with inflation?

 

[MRoCkEd]

the caller is trying to convince peter to run in 2012 lol
peter says he wants someone more politically viable to do it and he would like to have a role in the campaign

 

[Allen72289]

He says we are going to have inflationary depression, wouldn't it be a good idea to buy a house now and pay it off with inflation?

No.

More houses built than their is demand


Possible foreclosure risk due to loss of job

investing wisely will give you many times the real market value of the house

paying off debt with inflation is great for our debtors though, not good for their currency.. Especially since we have no industrial manufacturers exporting to pay off our national debt. What little purchasing power we have should go into investing in business..




'

 

[danberkeley]

He says we are going to have inflationary depression, wouldn't it be a good idea to buy a house now and pay it off with inflation?

Sure. But you need to make sure you have an asset you can sell for dollars when the inflationary depression happens. Becuase if you buy a house for $200,000 and the dollar collapse, you still owe $200,000.

 

[No1ButPaul08]

bump

 

[No1ButPaul08]

bump...should start any second

 

[MRoCkEd]

starting now

 

[theoakman]

Sure. But you need to make sure you have an asset you can sell for dollars when the inflationary depression happens. Becuase if you buy a house for $200,000 and the dollar collapse, you still owe $200,000.

if the dollar collapses, you could grow a few tomatoes in your yard and sell them to pay off your mortgage.

 

[danberkeley]

if the dollar collapses, you could grow a few tomatoes in your yard and sell them to pay off your mortgage.

Yes. That is exactly my point.

 

[Shinerxx]

if the dollar collapses, you could grow a few tomatoes in your yard and sell them to pay off your mortgage.

My worry would be that I might need to eat those tomatoes.

 

[theoakman]

My worry would be that I might need to eat those tomatoes.

Production before consumption. Learn it. Live it.

 

[MRoCkEd]

is it on now?

 

[danberkeley]

is it on now?

5pm pacific

 

[smsnead2]

Ha! Schiff just dropped the word "bullshit" on his radio show in talking about recognizing the tech bubble.

 

[RSLudlum]

Ha! Schiff just dropped the word "bullshit" on his radio show in talking about recognizing the tech bubble.

huh, huh, huh,,,,he just said BULLSHIT

 

[eric_cartman]

good show. sounds like his stocks are starting to recover

 

[No1ButPaul08]

bump

 

[eric_cartman]

should start soon

 

[danberkeley]

he brought up "Peter Schiff Analogies" yaaaaaaaaaay!