Source: YouTube, Schiff Report Video Blog Note: This video and article are by Mr. Peter Schiff, aka Dr. Doom, dated 10/23/09 detailing his views on the recent movement of the dollar and its impact on the economy and the broader market. Posted here to share and compare with my views on the same subject. King Dollar Forced to Abdicate  by Peter Schiff, via EuroPac.net October 23, 2009 For the

In my father’s house are many mansions. Surely one of them has a room with no elephants in it….

Not to crunch too many metaphors right here at the top, but a consensus seems to be firming up in the animate jello of the Internet that we have entered the Season of the Witch. An odor of ripeness fills the virtual air — something between dead carp and apples baking.

Whatever else appears to be going on in the upper stories and verdigris-tinged turrets of capital finance — currency rackets, gold switcheroos, interest rate arbitrage games, concealment of losses under rugs and behind curtains, Chinese fire drills performed by Spanish prisoners, executive three-card-monte set-ups, boardroom work-arounds, accounting quicksteps, Peter-to-Paul-shuffles, check kitings, pigeon drops, Ponzi schemes, hugger-muggers, bezels, shucks, jives, and enough monkeyshines to make Lord Greystroke cry for mercy — apart, in other words, from business-as-usual, such as it is

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We received a letter snooty letter recently accusing us of confirmation bias. Maybe we are only capable of seeing the bearish side of the story?

According to good old Wikipedia, confirmation bias is “an irrational tendency to search for, interpret or remember information in a way that confirms one’s preconceptions or working hypotheses.” Put simply, it means you look for information that agrees with your own perspective.

In our case, we guess that means ignoring idiots like Paul Krugman, who tells us that we can spend our way out of a depression and the do-gooders in the Obama administration, who tell us that everything will be okay and that we’re about to witness a miraculous V-shape recovery. (Just like when President Hoover told Americans in 1932 that “prosperity was just around the corner.”)

And we guess it means paying attention to those who called this crisis ahead of time… guys like Will’s father,

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To quote Hannibal from the A-Team

In “Is The Stock Market Rally 2009 Over?”, I made the rather bold prediction that the current rally is over. I based this opinion on the fact that the long term MACD (monthly chart) had rolled over, and was very close to showing a sell signal. Combined with the fact that there were absolutely no fundamental reason why the market should have rallied, and the “over bullishness” displayed by CNBC and others, I felt comfortable making my opinion known.

Nothing lends credibility to a technical trader quite as well as two things. First, having well known and respected traders

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Grow Rich Automatically with the World’s Only Gold-Backed “Cash” The U.S. Treasury Dept. has finally approved the new gold-backed “cash.” And according to gold expert Peter Schiff, this new money, called “Gold Dollars,” is not only the best place for your savings today… it could prove very profitable. Why? Because every “dollar” you hold in your bank account is backed by 1 gram of solid gold, held in Fort Knox-like security. So when each gram of gold goes up in value, so does your cash! (Meanwhile, you can spend your money just like you would regular paper dollars.) For Schiff’s full report, please go here.

What’s the name of the world’s best-selling beer?

Hint: It’s not Budweiser. And it’s not Bud Light.

It’s called Snow Beer, and I’ll wager that most U.S. investors haven’t even heard of it before.

If they haven’t, it’s not a surprise. You see, Snow Beer …

Peter Schiff: Why this Money Should Replace the U.S. Dollar There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10…or as much as $10 million. According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months. For Schiff’s full analysis and recommendations, please go here.

U.S. GDP Contraction Slows, but the Road to Recovery Will Be Rocky

By Bob Blandeburgo
Associate Editor
Money Morning

While the many of the world’s economies continue to look for signs of growth, the U.S. economy took a big step in the right the direction in the second quarter.

U.S. gross domestic product (GDP) shrank 1% in the second quarter, …

Here's what I'm looking at today:br /br /Peter Schiff's a href="http://www.zerohedge.com/article/peter-schiff-phony-us-economy"new video discussing the US vs. Global economy/a. This is one of the few guys getting media play that actually gets it. Video via Zero Hedge.br /br /Even if the US economy is weak, prices are still likely to rise and don't be surprised if stocks follow.br /br /a href="http://blogs.wsj.com/marketbeat/2009/08/03/ford-shares-jump-on-sales-figures-clunkers-can-it-last/"emFord Shares Jump on Sales, Clunkers: Can it last?/em/aem /emI think the attitude of the American Consumer is giving Ford a shot due to it remaining outside the grasp of the government. Can you blame them? The sales jump is due to pent up demand as no one was buying during the market "crisis" and they were waiting for the federal program to start.br /br /ema href="http://www.reuters.com/article/newsOne/idUSTRE5732GJ20090804"Goldman Employees Told No Big Purchases/a/em. What are they going to do with all those millions?div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/819581243324579563-9180601396641702478?l=briskycapital.blogspot.com'//div

Peter Schiff: Why this Money Should Replace the U.S. Dollar There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10…or as much as $10 million. According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months. For Schiff’s full analysis and recommendations, please go here.

While the many of the world’s economies continue to look for signs of growth, the U.S. economy took a big step in the right the direction in the second quarter.

U.S. gross domestic product (GDP) shrank 1% in the second quarter, following the first quarter’s 6.4% drop. The $787 billion Obama stimulus package, smaller decreases in business spending …

Grow Rich Automatically with the World’s Only Gold-Backed “Cash” The U.S. Treasury Dept. has finally approved the new gold-backed “cash.” And according to gold expert Peter Schiff, this new money, called “Gold Dollars,” is not only the best place for your savings today… it could prove very profitable. Why? Because every “dollar” you hold in your bank account is backed by 1 gram of solid gold, held in Fort Knox-like security. So when each gram of gold goes up in value, so does your cash! (Meanwhile, you can spend your money just like you would regular paper dollars.) For Schiff’s full report, please go here.

With a deadline looming for financial firms that received government bailout funds to submit their 2009 compensation plans to Treasury Department’s pay czar, there’s a possibility that Citigroup Inc. (NYSE: C) will lose the head of its secretive and extremely profitable …

Trading legend Dennis Gartman is one of the most influential market commentators out there. He is what we like to call here at Notes an “investor’s investor.” That is, he’s a market veteran who speaks directly to other traders and investors.

He is best known for his daily newsletter, The Gartman Letter, which is read with morning coffees by countless Wall Street operators. In short, Gartman is an underground investor par excellence. Gartman recently gave an interview with Canada’s The Globe and Mail. In it, he reveals his stance on the inflation/deflation argument and how to best hedge against an inflationary outcome.

Gartman is not your typical inflation hawk. He sees deflation and inflation taking hold in the future: inflation in raw materials prices “sooner rather than later” and deflation in wages. When asked, “Will we have inflation or deflation?” his answer is “Yes.”

For those who want to hedge against inflation, however, Gartman has perhaps the

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