mr. peter schiff. [applause] ♪ >> thanks everybody for coming. thanks john for introducing me.efully i can make up for my presentation. i'm losing some of my voice. i was out a little late here in las vegas. i'm not as young as i used to be. when i first started coming to freedom fest i was at the first one and it has really blossomed into a great event despite the fact that i think every year i come here we have less freedom which is an unfortunate situation. but also i think what i like to talk about is what we can do to try to preserve what freedom we have left with respect to our financial assets, our portfolios. i think many americans are going to find that not only are they losing their liberties, they are going to lose a lot of their wealth, especially if that wealth consists of u.s. dollar denominated debt instruments whether the treasury or municipal bonds, corporate bonds and even a real assets, u.s. stocks, u.s. real estate, are going to lose a significant real value. nominal value is harder to know what's going to happen to the nominal price of any given outset that