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Peter Schiff Was Right! Ridiculously Accurate

L

Lamarr

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Stop listening to people who have consistantly been wrong. I'd like to introduce someone who has been right (with ridiculous accuracy). Pay attention to the dates, Listen to these clowns!
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Those that disagree will be in the next Peter Schiff Was Right Part 2!
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just an analysis from last Thursday
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WOW WHY IS NOBODY TALKING ABOUT THESE PREDICTIIONS...HOW CAN I INVEST IN OVERSEAS DOLLARS????:hmm:
 
Nice post
People wouldnt say we were in a recession even 6 months ago.

Housing bubble carried us over the recession that should have kicked in long term after 9-11.

That's why I believe this crash is a consolidation movement and also possibly a political tool. Schiff is describing the rational approach that I've read over and over through the years but despite that the "experts" didn't try to bring things down slowly and let everything get corrected- they basically built the tower higher and higher after finding out the foundation was damaged.

On the political tip - what do high unemployment and political apathy provide the proper environment for?

Scary times.

Its fucked up how Im listening to people laugh at this guy trying to get people to realize the truth. These assholes all giving stock tops for companies that have failed.

:smh:

Schiff probably made a fortune off this
 
no wonder schiff has been spot on...

go to 3:45 of this vid...hmmmm
[FLASH]http://www.youtube.com/v/t9b19JU5clU&hl=en&fs=1[/FLASH]
 
Makkonnen said:
:smh:

Schiff probably made a fortune off this
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From what I remember, his fund was actually down. He's made other predictions and been way off... but this was an easy one to call when you really examine the fundamentals.. but yeah..it's crazy how people were laughing in his face and shit...these were posted on the main board a few months abck
 
eewwll said:
From what I remember, his fund was actually down. He's made other predictions and been way off... but this was an easy one to call when you really examine the fundamentals.. but yeah..it's crazy how people were laughing in his face and shit...these were posted on the main board a few months abck
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damn i would have thought he was one of the dudes shortin the shit outta everything bankruptin AIG
 
Makkonnen said:
damn i would have thought he was one of the dudes shortin the shit outta everything bankruptin AIG
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One of the things I respect about Peter is that he invests for the long-term. So na, I haven't seen any evidence of him shortin' finacials. I know a couple people that have accts. with him. He likes gold and foreign currencies.
 
notice everyone laughing in his face are Republicans/right-wing. Schiff is an Austrian school conservative economist so he called it how it is. There are plenty of liberal economists who called it as well who have different opinions on how to get us out. Simply put, Austrian school economists believe that government has ZERO role in the economy so any govt spending is hated. This also includes most govt regulation.
 
Cipha said:
There are plenty of liberal economists who called it as well who have different opinions on how to get us out.
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Who?

Cipha said:
Simply put, Austrian school economists believe that government has ZERO role in the economy so any govt spending is hated. This also includes most govt regulation.
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The people should run the economy, put your trust in the people, not the govt. Special interests have completely corrupted our system
 
Lamarr said:
Who?
Click to expand...



Paul Krugman= Nobel Prize winner
The people should run the economy, put your trust in the people, not the govt. Special interests have completely corrupted our system
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That is the reason we are in this mess. PEOPLE RAN THE ECONOMY WITHOUT GOVT OVERSIGHT! You should put your trust in NOONE, ESPECIALLY NOT THE MARKET. Laisse faire is dead.
 
Cipha said:
Paul Krugman= Nobel Prize winner


That is the reason we are in this mess. PEOPLE RAN THE ECONOMY WITHOUT GOVT OVERSIGHT! You should put your trust in NOONE, ESPECIALLY NOT THE MARKET. Laisse faire is dead.
Click to expand...

Yes, Paul Krugman said we were functionally in a depression...though far after Shiff

lol, you contradicted yourself. Trust no one, but trust the government? A bureaucracy full of greedy, pathological, opportunistic liars with inferiority complexes? Are you insane?
 
Partial_Mathers said:
Yes, Paul Krugman said we were functionally in a depression...though far after Shiff

lol, you contradicted yourself. Trust no one, but trust the government? A bureaucracy full of greedy, pathological, opportunistic liars with inferiority complexes? Are you insane?
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I didn't say trust the govt. I said trust noone. If you don't trust anyone then you would want the RULE of LAW to take precedent. Laws can influence behavior. That is why lobbyists lobby against laws that may affect them.
 
eewwll said:
We've never practiced anything near laisse-faire capitalism and no nation has for that matter.
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Tell that to conservatives and corporatists. They pretend to believe in laisse-faire which leads to gross mismanagement of the govt and excessive deregulation of the financial markets. After generations of this why should anyone believe that "true" laisse-faire exists? :smh::smh::smh:Sounds like a pipe dream.
 
Partial_Mathers said:
Yes, Paul Krugman said we were functionally in a depression...though far after Shiff
Click to expand...

btw you realize that Krugman won the Nobel Prize because his 1970s global trade theory was shown to be the best model for understanding the current global economy and subsequent crisis, right?
 
Cipha said:
Tell that to conservatives and corporatists. They pretend to believe in laisse-faire which leads to gross mismanagement of the govt and excessive deregulation of the financial markets. After generations of this why should anyone believe that "true" laisse-faire exists? :smh::smh::smh:Sounds like a pipe dream.
Click to expand...

Most people have no idea of what capitalism really is in the first place. Most people can't even give a basic working definition. The U.S. is a "mixed-economy" and is much less capitalistic than it was a 100 years ago for instance. Your first second sentence is erroneous. There is nothing that shows that laissez faire capitalism leads to "gross mismanagement of the gov". The reality of the matter is that corruption is present in all socio-economic systems and corrupt, immoral individuals will exploit the holes if they can. It happens here in the U.S. and in countries that dont even have a semblance of capitalism. One would even argue that is happens MORE in non-capitalistic societies. Also, laizze-faire doesn't mean an unbridled economy without any checks and balances. This is a common misconception.

However, to get back to the point. My initial post was not making an argument for or against laissez-faire capitalism. My initial post was only informing you that were arguing against something that currently doesn't even exist. Again, most people don't even have a working definition of capitalism..much less laissez-faire capitalism.
 
eewwll said:
However, to get back to the point. My initial post was not making an argument for or against laissez-faire capitalism. My initial post was only informing you that were arguing against something that currently doesn't even exist. Again, most people don't even have a working definition of capitalism..much less laissez-faire capitalism.
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I agree it doesn't exist. However I think that belief in it leads govt officials to make poor decisions. We don't live in a socialist society but many elements of American society are founded on socialist principles ( fire dept, police, public school etc.) There are hardcore conservatives that believe basic institutions like the fire dept should be privatized and put into the free market. i would disagree with such a notion.
 
Cipha said:
I agree it doesn't exist. However I think that belief in it leads govt officials to make poor decisions. We don't live in a socialist society but many elements of American society are founded on socialist principles ( fire dept, police, public school etc.) There are hardcore conservatives that believe basic institutions like the fire dept should be privatized and put into the free market. i would disagree with such a notion.
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Fire dept and police aren't socialist principles. Actually the police department is one of the principles of capitalism! It believes that the government should serve three purposes: Protect its citizens from foreign threats (military), protect the individual rights of its citizens (judiciary courts), and protects its citizens from internal threats (police).

Again, most "conservatives" don't even understand capitalism if they propose that police departments should be privatized. Conservatives are just good at acting like they know what the hell they are talking about because they get some "passionate" about it...
 
Cipha said:
Tell that to conservatives and corporatists. They pretend to believe in laisse-faire which leads to gross mismanagement of the govt and excessive deregulation of the financial markets. After generations of this why should anyone believe that "true" laisse-faire exists? :smh::smh::smh:Sounds like a pipe dream.
Click to expand...

Government regulation helps generate fraud. Where do you think the ability to write all these now useless mortgages came from ? The gov't directing Fannie & Freddie to back bullshit loans.

The reason the US came to be the place to do business is because contracts were strictly enforced. Period. What the fuck you think is going to happen in the international markets if the gov. re-writes minnions of loans by ordering banks to change interest rates ?
 
the hyper-inflationary bump!

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