Peter Schiff on Joe Rogan Experience

[BEER]

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

Maybe it's all of his doomsday predictions over the years that never came true.

He predicted like one thing (for the wrong reasons) and people think he's some sort of economics god. Give me a break.

 

[Lord Commander Palis]

Loling good at Trotsky defending his other account, Hack Sausage.

 

[surrealworlds]

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.

Right over your head buddy.

 

[curryjunkie]

I agree. He seems to be somewhat intellectually curious and tends to defer to people he realizes know more than him.

When left to his own devices though.....

You just described me.....

 

[Skarr]

while I dont profess to know the ins and outs of the stock market...nor want to, its pretty remarkable how many people in here seem to think these crashes, bubbles, depressions and inflations arent entirely planned out, set up, executed and manipulated by a set group of individuals

So you can't prove it?

Yeah, that's because it's impossible to prove a negative. Asking Jack to "prove" a guy didn't profit is no less silly.

....yes, I see how that looks.

That's the entire point. You asked JVS to prove a negative, so I asked you to prove one to show you that it's stupid.

you go pretty far out of your way for a completely pointless arguement when its valid to be asking for proof of a statement made....and you make yourself look like an ass in the doing of it

Think about that for a second; He took money from people, lost it, but somehow made a personal profit. Read between the lines: he's a fucking con-man.

is this not true of most investment bankers?((the con man part)) is it unfathomable to you that an investor could be placing peoples money ((not his money)) into stocks that do shit and still make money on his own((with his own money)) ?

 

[Jack V Savage]

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

He's been constantly bearish over a nine-year period in which the S&P 500 has tripled. He's been constantly calling for unprecedented inflation during a period in which inflation has been extraordinarily low. It's not even possible to be more wrong than he's been. And making bad calls is normal. Everyone does it. But failing to correct your thinking after nearly a decade of being way off shows that your process is really bad. Austrianism is a religion to its followers, but everyone else can see that it's been definitively refuted.

 

[Higus]

is this not true of most investment bankers?((the con man part)) is it unfathomable to you that an investor could be placing peoples money ((not his money)) into stocks that do shit and still make money on his own((with his own money)) ?

Most investors make their money from investing, not from media appearances.

EDIT: also, fwiw, look into Irwin Schiff, his father. That dude was definitely a con-man

 

[Gandhi]

He's been constantly bearish over a nine-year period in which the S&P 500 has tripled. He's been constantly calling for unprecedented inflation during a period in which inflation has been extraordinarily low. It's not even possible to be more wrong than he's been. And making bad calls is normal. Everyone does it. But failing to correct your thinking after nearly a decade of being way off shows that your process is really bad. Austrianism is a religion to its followers, but everyone else can see that it's been definitively refuted.

Bbbbbut malinvestment derp ....

 

[IReallyDoTrainUFC]

He's been constantly bearish over a nine-year period in which the S&P 500 has tripled. He's been constantly calling for unprecedented inflation during a period in which inflation has been extraordinarily low. It's not even possible to be more wrong than he's been. And making bad calls is normal. Everyone does it. But failing to correct your thinking after nearly a decade of being way off shows that your process is really bad. Austrianism is a religion to its followers, but everyone else can see that it's been definitively refuted.

He's called for "inflation"? No, he's correctly called for higher interest rates (as a start). Higher interest rates encourage *saving* as opposed to debt.

He's also correctly encouraged investment in assets which retain their value over time. The American dollar has lost 95 percent of its value since 1913. You can thank central banking for the theft of your spending power.

You are like a little slave who loves his masters when they steal from him and tell him he's going to be safe as long as he trusts them. Sheep mentality.

 

[Jack V Savage]

He's called for "inflation"? No, he's correctly called for higher interest rates (as a start). Higher interest rates encourage *saving* as opposed to debt.

He's also correctly encouraged investment in assets which retain their value over time. The American dollar has lost 95 percent of its value since 1913. You can thank central banking for the theft of your spending power.

You are like a little slave who loves his masters when they steal from him and tell him he's going to be safe as long as he trusts them. Sheep mentality.

He's been predicting high inflation for a decade in a period with extremely low inflation. Said it would hit double digits by 2010 (which actual economists could have told you was ridiculous) and didn't learn from that spectacular error.

Invest in things that don't lose value is good advice! But he's been bullish on gold and bearish on stocks so poor unfortunates who have listened to him have not followed it and will never catch up to people who realized that he was a fraud.

Last bit sounds like projection, chief.