Thread: Gerald Celente: What kind of economic trend forecaster predicts the end of time?

I'm not an economist, but all i get from Peter Schiff is that the value of the dollar is going down, and gold/silver is going up. Also, i understand the country is in debt trillions of dollars. Money is owed to foreign banks/creditors. Why does the government even need to borrow money from somewhere else. I know most of this economic talk is way over my head, just wanted like a layman's explanation of what's going on.

All I know is that there are no jobs, gas prices are getting higher once again ( inflation ) and peoples houses are getting foreclosed like crazy.

Wouldn't it be wise to invest in silver or gold now? I'm hearing that Utah recognizes gold and silver coins as legal tender now, which if I'm not mistaken is worth MORE than the U.S. dollar.