Peter Schiff on Joe Rogan Experience

[LangfordBarrow]

Trump supporter: Trump really kicked Putin’s ass in private when they met! Putin was scared!

Trotsky: prove that happened

Trump supporter: hey Trotsky! Prove it didn’t happen!

See how that looks Trotsky?

Bahahahahah, that was kissed Putin's ass, you so funny

 

[Quipling]

Schiff's a complete hack who goes on Molyneaux once a month claiming the sky is going to fall, put all your money into gold, etc. He usually even gives an exact date, or at least he used, I haven't paid attention for at least 3 years, but I'm sure he's still peddling the same shit. If he ever makes an accurate prediction, just remember that a broken clock is right twice a day.

There's a complete hack who appears regularly on molyneaux's show?!

 

[Jack V Savage]

You are one of those morons who reads Peter Krugman and thinks that the Federal Reserve "got us out" of the great depression rather than prolonging it and fueling more malinvestment, right? Hahaha....

You sound like a reasonable, well-educated guy who has deeply considered the evidence and made an honest attempt to understand the reasoning of people on all sides.

 

[Cubo de Sangre]

Schiff just can't stop insisting only gold can be money. It's like, psssst. Dude. Look around.

 

[D3thr0n3d K1ng]

Hard to find someone in this day and age openly advocating for monarchies.

 

[Ruprecht]

Didn't Schiff tell people to invest in foreign stocks (especially in Europe) because when the crash came they'd be "decoupled" from the US ("Crash Proof")?
Uhuh... bet that worked out fantastic.

 

[JonnyRingo84]

You are one of those morons who reads Peter Krugman and thinks that the Federal Reserve "got us out" of the great depression rather than prolonging it and fueling more malinvestment, right? Hahaha....

prolonging the great depression? do you know what a depression is? do you know what america's economy has been like, compared to every other country on earth, since the 40's? hahahaha

 

[Edgy Brah]

Maybe not all his investments are in the stock market?

He makes the greatest investment he can, in himself.

 

[Gandhi]

Yes, but I think that's a little too abstract (it's not wrong but it's a slightly different approach). If we want to find a concrete shortage, we look to something more physical in nature. I think the question is kind of "why is there a demand shortage?"

True

It becomes almost a chicken and egg thing, no demand = productive capacity sitting idly by, until someone tosses some money in to spark it all back up. A lack of money has the opposite drag effect, which is why very modest but positive inflation is the goal.

 

[Gandhi]

Haha... no. "Money in circulation" was what caused the bubble.

Besides being barely correct in only a crude way, your post is a weird response to mine. No one is saying you should be loosening monetary policy at the upswing of the business cycle.

 

[IReallyDoTrainUFC]

Besides being barely correct in only a crude way, your post is a weird response to mine. No one is saying you should be loosening monetary policy at the upswing of the business cycle.

Wrong. Centralized monetary policies and central banks *cause* the business cycle in the first place.

 

[Gandhi]

Wrong. Centralized monetary policies and central banks *cause* the business cycle in the first place.

Business cycles existed well before central banks did. Stop repeating gold bug libertarian nonesense

 

[IReallyDoTrainUFC]

Business cycles existed well before central banks did. Stop repeating gold bug libertarian nonesense

When business cycles occur, the market corrects them. In the absence of monetary manipulation fueling malinvestment (ala 2008), the market *always* corrects itself. The market can't correct itself when the Fed creates inflationary bubbles that lead to recessions and depressions.

 

[Gandhi]

When business cycles occur, the market corrects them. In the absence of monetary manipulation fueling malinvestment (ala 2008), the market *always* corrects itself. The market can't correct itself when the Fed creates inflationary bubbles that lead to recessions and depressions.

Dodge noted + malinvestment libertarian talking point. Zzzzzzzzz.

 

[surrealworlds]

Hyperinflation will not happen until I'm financially all squared away and secure to coast through life without having money as a worry.

You can take that to the bank.

This. Im not successful enough for the economy to collapse. If i ever hit it big everyone should start to worry.

 

[Happy Man]

This. Im not successful enough for the economy to collapse. If i ever hit it big everyone should start to worry.

Hahaha! Man, we think alike. If everything starts going absolutely perfect for me in all facets of life, I'd be scared shitless. Like worried about a meteorite hitting me squarely in the face.

 

[IReallyDoTrainUFC]

This. Im not successful enough for the economy to collapse. If i ever hit it big everyone should start to worry.

Huh? Depressions and hyperinflation hurt the poor the most. When you have to carry your worthless 100 dollars bills in a wheelbarrow to the store to buy bread, it doesn't matter how rich or poor you are. Google what happened in Germany.

 

[BEER]

How does this dude even make money? He's wrong about basically everything.

 

[Happy Man]

Huh? Depressions and hyperinflation hurt the poor the most. When you have to carry your worthless 100 dollars bills in a wheelbarrow to the store to buy bread, it doesn't matter how rich or poor you are. Google what happened in Germany.

You are missing what he's trying to say. Inflation, and hyper inflation hurts everyone. Unless you are somehow like over 100k in debt. Then you jump for glee. No more debt for you. Because the dollar becomes worthless.

You better own assets when that happens

 

[IReallyDoTrainUFC]

How does this dude even make money? He's wrong about basically everything.

Where did you read that he's wrong about everything? Sherdog?