Although Mr Peter schiff, makes a little sense with the fed printing money which causes more inflation to the u.s economy e.t.c you have to understand that this guy wants the U.S economy to collapse.He has been a bear since early 2000, when money was made on equity markets in the U.S during april 2003 till november 2007 market cycle, but if u go thru some of his video files via his europac.net website, this guy has been telling his clients to invest in overseas markets like Australia,China E.T.C recently.... So if he believes in Australia what does this tell you? Our economy is in much better shape!.Buy gold says Peter buy chinese stocks he says..End of the day he's not helping the U.S economy with his words of wisdom lol(Dr Doom) via cnn,cnbc,fox business and bloomberg interviews.
Everything you see happening in the world today is through people's thoughts.There's always a solution to problems and this doesn't mean we go through a severe recession to fix the problem; this means we should start with re-enforcing positive messages to the community and market commentators being a bit more rational in their thinking/reasoning rather than one after another following the same doom and gloom message.
The messages we hear each day is quite monotonous.Negative tone = Negative markets but what we need is leaders with positive tones and those same leaders creating an environment which allows us to move forward with thinking rather than dwelling on the same JUNK day in day out.A leader that creates positive thinking thus creating positive markets and positive thought patterns which allows the world to move on and not dwell on yesterday.We don't have time for this.Focus our energy on the next bull market which is coming away very soon.
The past is just that; but let us understand that by learning from our mistakes and now moving forward. Yes we all know about the crisis, but lets change the way we think and focus on a movement forwards rather than negative messages that continues to cause damage to our economy.Australia is in a much better position than that of most our peers.Strong banking system and interest rates that is at a point where we can lower in the near term.
FOCUS ON POSITIVE THINKING AND YOU WON'T BE CAUGHT UP WITH THE OTHER SHEEP.Great wealth is made and lost in this environment, so be patient and think about what you want to achieve.Keep in mind the world moves forward not backwards forever.
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