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Since your stocks will have no value will you give them to me?
It could get so bad that US society completely breaks down, no gas or food...
Can I have your car as well as you wont be needing it?
Since your stocks will have no value will you give them to me?
It could get so bad that US society completely breaks down, no gas or food...
Can I have your car as well as you wont be needing it?
Peter Schiff. This guy predicted a market crash in 2002, 2003, 2004, 2005, 2006, 2007, 2008 - when it finally crashed in 2008 he took credit for "correctly predicting" the crash. Since then he's being predicting hyperinflation and the destruction of the US Dollar for the last 5 years.
tlong, whenever a politican or talking head simplifies economic concepts and equates them with common household metaphors, be sceptical and do your own research. When Schiff says "there's too much debt; we should all live within our means", he is making an irrelevant comparison between government finances and household finances. To understand this, you need to know how our monetary system works - basically that all money is debt-based. When Schiff says the Fed's money printing will cause hyperinflation, you need to differentiate between the monetary base and broad money and understand that broad money has not increased in correlation with the monetary base.
I could explain more, but basically the point is: stop blindly believing Schiff, Beck and the other fear-mongers and read up on fundamental concepts behind the economy. That will help you understand what exactly is going on without having to assume conspiracy theories like "most macro-economic data is fudged" (an excuse that is frequently used by Schiff, btw).
I thought the conservative entertainment complex would be more cir spect after their disastrous predictions regarding the economy and the 2012 elections, but as long as there are suckers like tlong who continue to lap it up, they show no signs of slowing down their bull production. Morris need not fear, he will probably be back in the next election cycle.
I fear-monger and tell lies, buy my book.
Last edited by boutons_deux; 05-05-2013 at 06:38 PM.
run for your lives!
lol
Everything is perfect according to all the replies
Which reply said everything is perfect?Everything is perfect according to all the replies
keep working hard, keep purchasing, support your local economy and vote intelligently. that's all you can rationally do.
as horrible a president as obama has proven to be, i still think its unfair to blame him on everything we're struggling with. america has been going the wrong way since the reagan administration, and his followers (clinton, bush and the kenyan n!gger) did basically nothing to help the country get back to the right direction, instead they made things worse and worse. a well-functioning political system would never elect a ING immigrant into the senate tbh, let alone the white house
Here we go again...
Same 'ol again...
walking down the avenue...
Hearing people talk to raise fears...
My 401k is kicking ass this year
ha mine too!
(rolls eyes)BIG SCARY THING IS GOING TO HAPPEN!!! BOOGA BOOGA BOOGA!!!
BARGLE BARGLE!!
Buy my book to find out how to protect yourself!!!
Thanks Obama!!!111
Didn't that Schiff dude do some time for some scammy ?
My bad. It's his dad, Irwin.
http://en.wikipedia.org/wiki/Irwin_Schiff
Meh. I suspect the truth is somewhere in the middle between "deficits and endlessly printing massive amounts of money doesn't matter" and "the sky is falling".
Fwiw Cheney thinks deficits don't matter.
THANKS OBAMA
Only spurstalk would compare schiff to a financial Alex Jones.
LOL...
I haven't even looked at mine in several months.
Before the 2016 elections, I will probably reallocate my distributions again.
Dude, all you have to do is look at countries like Greece and Spain to see how relying on massive amounts of debt works out for governments. The U.S. can stave off the consequences for a while, but believe me there will be consequences.
tlong, whenever a politican or talking head simplifies economic concepts and equates them with common household metaphors, be sceptical and do your own research. When Schiff says "there's too much debt; we should all live within our means", he is making an irrelevant comparison between government finances and household finances. To understand this, you need to know how our monetary system works - basically that all money is debt-based. When Schiff says the Fed's money printing will cause hyperinflation, you need to differentiate between the monetary base and broad money and understand that broad money has not increased in correlation with the monetary base.
I could explain more, but basically the point is: stop blindly believing Schiff, Beck and the other fear-mongers and read up on fundamental concepts behind the economy. That will help you understand what exactly is going on without having to assume conspiracy theories like "most macro-economic data is fudged" (an excuse that is frequently used by Schiff, btw).
I thought the conservative entertainment complex would be more cir spect after their disastrous predictions regarding the economy and the 2012 elections, but as long as there are suckers like tlong who continue to lap it up, they show no signs of slowing down their bull production. Morris need not fear, he will probably be back in the next election cycle.
No kidding. As soon as the Fed stops QE the bond market is gonna take a huge .
debt fear-mongers, like End Times predictors, have been wrong for 5 years, are wrong now, but nothing stops them, after they've been suckered into Fix The Debt bull by the 1%.
Spain's crisis is a banking crisis.
Goldman Sachs showed Greece how to defraud the bond markets so it could sell bonds cheaper.
Long before the USA has its mythical debt crisis, the financial sector will strike again, and taxpayers will bail them out again.
Last edited by boutons_deux; 05-07-2013 at 12:38 PM.
if you were good at explaining the present, I might put more credence in your predictions, but you suck at that too.
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