PETER SCHIFF ~ 5/29/2009 Big Moves

[peaceandlove]

PETER SCHIFF ~ 5/29/2009 Big Moves

Big moves in the dollar , bonds, gold and foreign stocks, Fed can't drain "liquidity," GM bankruptcy.

Video Blog (9:56): YouTube - Peter Schiff The Schiff Report Video Blog May 29 2009

[beanny]

please...could you write us the jyst of this,,,i have no access to you tube, maybe others dont either?
thankyou

[peaceandlove]

Blessings Beany,

Dollar hammered again today.

Dollar index closed around 79 l/4.

Dropped 12% from peak 2 months ago.

Higher inflation.

Commodity prices conceived as surged.

Oil prices closed the month at 66 1/2. Biggest weekly or monthly gain in oil prices in over 10 year.

Biggest monthly gain in silver in 23 years.

Gold surged.

Collapse in bond market.

Interest rates moved up substantially.

More on economic news abroad....not nearly as bad as people thought.

Looking at the momentum, I think we're going to continue to get more dollar weakness from here, further strength in commodities, bond market continue to get clobbered which means interest rates are going to keep rising despite the fact that the US economy is going to continue to deteriorate.


That's the first two minutes of the video. I'm wondering if you can call a friend who has youtube and have them play it to you over the phone. Just a thought.

PaL

[beanny]

thankyou for your assistence and willing, and thaughts.
have no home phone, and most my friends cant afford computers or home phone lines. but nice thaught. thankyou.
i have an approx 6x8 inch laptop,i pick up net where i can. doesnt hold much space, and neighbour messed it up, and since wont download you tube etc anymore. but
thankyou again