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US Economy 2014 Collapse: Peter Schiff says Fed will cause Huge Economic Crisis!
Topic Started: 28 Sep 2013, 10:54 AM (8,110 Views)
Black Panther
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US Economy 2014 Collapse - *Peter Schiff* - FED will cause Huge Economic Crisis!

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stinkbug
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WOOOOOOOOLF! WOOOOOOOOOOOOOOOOOLF!
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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themoops
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He was certainly right the last time. Marc Faber is also still saying everything is going to crash like hell, so is that guy with the bow tie.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Gossamer
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44th most prolific poster on APF

If it comes, it will be nasty. But where and when nobody knows.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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skamy
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themoops
28 Sep 2013, 12:00 PM
He was certainly right the last time. Marc Faber is also still saying everything is going to crash like hell, so is that guy with the bow tie.
These are all drama queens who whinge 24/7 -This guy looks and acts quite quite crazy, IMHO. I remember watching him one time going on about how online retail was doomed to failure - and another time he was spouting nonsense about how it is cheaper to rent- and yet another time he bought his own basket of goods to try to prove inflation was high with absolutely no attempt to get any kind of independence or unbaised choice of goods, he just chose a pile of stuff himself to make inflation look bad.

IMHO either the guy is not the full shilling or he just knows how to grab a headline with tales of doom and gloom.

The truth is that fear sells a headline and this guy is a master craftsman of fear-mongering. Hopefully we will not see too much more of these doom and gloom merchants as they get humiliated with the change of cycle
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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themoops
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skamy
28 Sep 2013, 12:47 PM
These are all drama queens who whinge 24/7 -This guy looks and acts quite quite crazy, IMHO. I remember watching him one time going on about how online retail was doomed to failure - and another time he was spouting nonsense about how it is cheaper to rent- and yet another time he bought his own basket of goods to try to prove inflation was high with absolutely no attempt to get any kind of independence or unbaised choice of goods, he just chose a pile of stuff himself to make inflation look bad.

IMHO either the guy is not the full shilling or he just knows how to grab a headline with tales of doom and gloom.

The truth is that fear sells a headline and this guy is a master craftsman of fear-mongering. Hopefully we will not see too much more of these doom and gloom merchants as they get humiliated with the change of cycle
That's right, doom and gloom spruiking has a certain market. But not nearly as much as bull bullshitters.

We'll see who is right.

I mean ffs they are printing money. Even the biggest dummy would call you a dummy if you said we should just print more money to help an economy.

To be fully confident in it sounds insane to me.

I don't think you're the full shilling.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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b_b
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themoops
28 Sep 2013, 12:00 PM
He was certainly right the last time. Marc Faber is also still saying everything is going to crash like hell, so is that guy with the bow tie.
He was not right last time

Last time he said the fed would taper (after he changed his mind the day before the announcement)

He was not right the time before when he predicted a higher gold price in 2013

He was not right the time before that when he predicted hyperinflation in 2011

He was not right the time before that when he predicted a US dollar crash in 2010

he was not right before that when he predicted sorting interest rates and us default

What you may be referring to was the housing crash in 2006 - which he got right almost 7 years ago now. History is showing this to be a fluke. (He got the housing bubble right but for the wrong reasons).

He may be right in 2014. But it would be via Luck rather than reasoning.

Edited by b_b, 28 Sep 2013, 02:00 PM.
(S – I) + (T - G) + (M - X) = 0
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youdontknowshit
Unregistered

b_b
28 Sep 2013, 12:58 PM
What you may be referring to was the housing crash in 2006 - which he got right almost 8 years ago now. History is showing this to be a fluke. (He got the housing bubble right but for the wrong reasons).

He may be right in 2014. But it would be via Luck rather than reasoning.
Hmm I don't know. I think he was right on the button.



Can you let us know why his reasons are wrong?
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Catweasel
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b_b
28 Sep 2013, 12:58 PM
He was not right last time

Last time he said the fed would taper (after he changed his mind the day before the announcement)

He was not right the time before when he predicted a higher gold price in 2013

He was not right the time before that when he predicted hyperinflation in 2011

He was not right the time before that when he predicted a US dollar crash in 2010

he was not right before that when he predicted sorting interest rates and us default

What you may be referring to was the housing crash in 2006 - which he got right almost 8 years ago now. History is showing this to be a fluke. (He got the housing bubble right but for the wrong reasons).

He may be right in 2014. But it would be via Luck rather than reasoning.
Catweasel say crikey.

This is where chin scratch expose its inner mouse.

And focus on the anti-guru.

Of the course,

mouse forget,

that a Greenspan was a wrong.

And a implication shoot the globally,

even though Greenspan had army of pointy heads and chin scratchers,

more beige than it can poke stick at.

Much like mouse,

marry to a dogma,

can the result in disillusion.

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miw
Member Avatar


b_b
28 Sep 2013, 12:58 PM
He was not right last time

Last time he said the fed would taper (after he changed his mind the day before the announcement)

He was not right the time before when he predicted a higher gold price in 2013

He was not right the time before that when he predicted hyperinflation in 2011

He was not right the time before that when he predicted a US dollar crash in 2010

he was not right before that when he predicted sorting interest rates and us default

What you may be referring to was the housing crash in 2006 - which he got right almost 7 years ago now. History is showing this to be a fluke. (He got the housing bubble right but for the wrong reasons).

He may be right in 2014. But it would be via Luck rather than reasoning.
He's like the few guys who made their career by predicting the 1987 crash. It took 15 years of *them* getting everything wrong before people worked out it was a fluke.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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