In past speeches he advises to only do 0% down on housing, take all the equity you can out over the last few years and put that money in non-usa dollars for investment
First, what are some ways to invest in non usa dollars or stocks. His company is a brokerage firm. Are there others? Ways to invest directly? - if the dollar is in a big slide it does seem like it is best to put money somewhere else
Also, if people did as he said and just brought houses and pulled out all the money they could - those houses are worthless and will be part of draining the banking system in usa and the only people hurt will be those who played by the rules and put a percentage down on a home or have their dollars invested in usa areas
How legal is his advice and company? He was an adviser to Ron Paul
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http://www.europac.net/newsletter/newsletter12.htm?ref=patrick.netAs I prepare my application for the upcoming Las Vegas Money Show, it dawns on me that this is the first time in at least five years that I am changing the title of my editorial presentation. For years, the title had been "America's Bubble Economy: Implications for your investments when it finally bursts". (If you have not seen this presentation, watch my presentation from the 2005 Orlando Money Show on YouTube here.
http://www.youtube.com/results?search_query=peter+schiff+money+show&search_type=) My new title is "America's Bubble Economy: Implications for your investments now that its burst". To me this represents a significant change that profoundly affects the nature of my message.
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I am feeling like it might have been better to get a home and have lived in it for just the mortgage payments and as he says in one of his many videos - taken the money and put it offshore