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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 (8,118 Views)
b_b
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Catweasel
28 Sep 2013, 01:59 PM
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.
Just pointing out some facts. I'm sorry if it upset you. I didn't think he was your guru, but it does explain a lot.
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doubleview
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miw
28 Sep 2013, 02:10 PM
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.
IMO the Schiff is worth a listen, I dont agree with Schiff on a few things for example gold, but most of his views IMO are spot on.

Also it has to be pointed out that Schiff has been wrong at times mainly because the goal posts keep getting moved... its as simple as that!!
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b_b
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doubleview
28 Sep 2013, 02:32 PM
IMO the Schiff is worth a listen, I dont agree with Schiff on a few things for example gold, but most of his views IMO are spot on.

Also it has to be pointed out that Schiff has been wrong at times mainly because the goal posts keep getting moved... its as simple as that!!
He is wrong because his economic framework is wrong.

He think QE is money printing. It is not (it is a swap between bonds and inside money)

He therefore thinks it is inflationary. It is not because inside money us never spent into the economy.

He thinks the us government will go broke. It won't because unlike the euro countries (which schiff uses as his justification), the us controls and issues it's own currency - fck, even krugman has worked that one out.

He is wrong because he is hopelessly out of paradigm.

He predictions are no better than using random walk.
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doubleview
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b_b
28 Sep 2013, 02:38 PM
He is wrong because his economic framework is wrong.

He think QE is money printing. It is not (it is a swap between bonds and inside money)

He therefore thinks it is inflationary. It is not because inside money us never spent into the economy.

He thinks the us government will go broke. It won't because unlike the euro countries (which schiff uses as his justification), the us controls and issues it's own currency - fck, even krugman has worked that one out.

He is wrong because he is hopelessly out of paradigm.

He predictions are no better than using random walk.
I see you really like Schiiff





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b_b
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doubleview
28 Sep 2013, 02:54 PM
I see you really like Schiiff




:lol
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GloomBoomDoom
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doubleview
28 Sep 2013, 02:32 PM
IMO the Schiff is worth a listen, I dont agree with Schiff on a few things for example gold, but most of his views IMO are spot on.

Also it has to be pointed out that Schiff has been wrong at times mainly because the goal posts keep getting moved... its as simple as that!!
My opinion is similar. He's not always right (especially with timing) and he does know how to sensationalise things to keep his face on tv. He's quite a smart guy in a lot of respects though. His fearlessness to cut through and expose the mainstream group think BS is unparalleled. He has gotten a lot of things right that very few other people have but only more time will tell if some of his predictions come to fruition.
IMHO it would be foolish to completely ignore what Peter Schiff says.
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Catweasel
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GloomBoomDoom
28 Sep 2013, 03:16 PM
My opinion is similar. He's not always right (especially with timing) and he does know how to sensationalise things to keep his face on tv. He's quite a smart guy in a lot of respects though. His fearlessness to cut through and expose the mainstream group think BS is unparalleled. He has gotten a lot of things right that very few other people have but only more time will tell if some of his predictions come to fruition.
IMHO it would be foolish to completely ignore what Peter Schiff says.
Problem the be is a impact.

Most mouse, expert and mainstream believe a Schiff the wrong.

And if it wrong, all is the well.

Mouse not harmed.

In case of a Greenspan, it was uber-guru.

And mouse, pointy head, apparatchik, and other assorted believe.

And it was a wrong.

And a impact the massive.

Massive the disconnect in perception of risk.


b_b
28 Sep 2013, 02:29 PM
Just pointing out some facts. I'm sorry if it upset you. I didn't think he was your guru, but it does explain a lot.
Catweasel say a Schiff not fit into dogma of a chin scratch.

That not a mean a Schiff the right or the wrong.

And if its world the view based on a dogma, it run the risk of hollow.

And that what can be the see, in sandpit and many English speak the countries.

Dogma replace religion to confirm its self worth.

And that the understandable.
Edited by Catweasel, 28 Sep 2013, 03:34 PM.
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miw
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doubleview
28 Sep 2013, 02:32 PM
IMO the Schiff is worth a listen, I dont agree with Schiff on a few things for example gold, but most of his views IMO are spot on.

Also it has to be pointed out that Schiff has been wrong at times mainly because the goal posts keep getting moved... its as simple as that!!
The guys who got 1987 right got it right because they had a different framework that happened to be right in 1987. Unfortunately for them and their followers it was wrong in 1998, 2000 and 2007/8. Similar thing seems to be happening to the people who got 2007 right. These things work until they don't.

Goal posts are always moving. It is no excuse. In fact noticing the goalposts moving is what it is all about.

The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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doubleview
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miw
28 Sep 2013, 03:43 PM
The guys who got 1987 right got it right because they had a different framework that happened to be right in 1987. Unfortunately for them and their followers it was wrong in 1998, 2000 and 2007/8. Similar thing seems to be happening to the people who got 2007 right. These things work until they don't.

Goal posts are always moving. It is no excuse. In fact noticing the goalposts moving is what it is all about.
HA!! Come on the same guys from 1987 using the same fundamentals had followers right through to 2007 !!

Geez! I would have to meet these fools & their followers and have a chat to believe they exist!!

After much deliberation 1987 = why compulsory Superannuation was introduced, so yes the goal posts are always changing.

I cant comment from back in 1987 but anyone who followed the same fundamentals from back then through to 2007 would be a complete moron.

IMO Schiiff isn't anywhere near what u are trying to portray him as.




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b_b
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doubleview
28 Sep 2013, 04:09 PM
HA!! Come on the same guys from 1987 using the same fundamentals had followers right through to 2007 !!

Geez! I would have to meet these fools & their followers and have a chat to believe they exist!!

After much deliberation 1987 = why compulsory Superannuation was introduced, so yes the goal posts are always changing.

I cant comment from back in 1987 but anyone who followed the same fundamentals from back then through to 2007 would be a complete moron.

IMO Schiiff isn't anywhere near what u are trying to portray him as.



I don't think that was what miw was suggesting.

Statistically, someone was always going to get the 1987 crash right. The same way someone was going to get 2008 right, the same way someone will win the lottery.

Getting it right is not a sign of genius. A lottery winner is no genius. Getting it right for the right reasons is more important. And any analysis of schiff shows he is more like a lottery winner, rather than a genius (or even someone worth listening to).
Catweasel
28 Sep 2013, 03:23 PM
Problem the be is a impact.

Most mouse, expert and mainstream believe a Schiff the wrong.

And if it wrong, all is the well.

Mouse not harmed.

In case of a Greenspan, it was uber-guru.

And mouse, pointy head, apparatchik, and other assorted believe.

And it was a wrong.

And a impact the massive.

Massive the disconnect in perception of risk.



Catweasel say a Schiff not fit into dogma of a chin scratch.

That not a mean a Schiff the right or the wrong.

And if its world the view based on a dogma, it run the risk of hollow.

And that what can be the see, in sandpit and many English speak the countries.

Dogma replace religion to confirm its self worth.

And that the understandable.
Sorry I took a shot at your hero cat. But if you think he is such a guru, perhaps you could explain why he has been consistently wrong for the past 5 years.
Edited by b_b, 28 Sep 2013, 04:29 PM.
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