JakeRI
Well-Known Member
Peter Schiff gets made fun of for being right. have a look
Economic Depression predicted 3 years ago
- Thread starter JakeRI
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Peter Schiff gets made fun of for being right. have a look
This site may earn a commission from merchant links like Ebay, Amazon, and others.
JakeRI
Well-Known Member
Notice how every clip but one came from Fox "News".
yeah and how they all ridiculed him haha. the guy does mostly CNN
JakeRI
Well-Known Member
Who cares really? Every media outlet is a joke and so are all the politicians.
It's to late for predictions when the damage is already done.
Interesting video
i agree with you, but there is a lesson to be learned for the future. and thats not just dismiss anyone who says bad things are going to happen
Koshchei
Banned
I think Karl Marx called it even earlier... actual value can only be created through actual labour.
Speculation introduces bubbles into an economy, which create the perception of growth up to the point that the system reaches a super-concentrated state. At this point, all it takes is a medium-scale disaster like Bear Stearns to trigger massive world-wide economic nucleation, where all the stupid decisions, hidden losses, inflation, etc simultaneously burst out of solution.
Imagine somebody adding a Mentos to a 2L bottle of Diet Coke, where the Coke is your savings, pension, job, etc.
Hold on to your fucking hat - this is only the beginning.
Speculation introduces bubbles into an economy, which create the perception of growth up to the point that the system reaches a super-concentrated state. At this point, all it takes is a medium-scale disaster like Bear Stearns to trigger massive world-wide economic nucleation, where all the stupid decisions, hidden losses, inflation, etc simultaneously burst out of solution.
Imagine somebody adding a Mentos to a 2L bottle of Diet Coke, where the Coke is your savings, pension, job, etc.
Hold on to your fucking hat - this is only the beginning.
The Atomic Ass
Redefining Sound
So, he got laughed off by a laffer? Oh the irony! 
JakeRI
Well-Known Member
pretty muhc haha
That is a good vid. Most stock commentators (and analysts) are nothing but a bunch of cheerleaders.
They cant admit when they are wrong and seem to only talk up stocks.
DailyShow gives CNBC a lashing hehe
Back in 2006 I was reading Bill Fleckenstein`s post at msn money alot. He
called the mortage meltdown then and it urged me go short and start buying
puts on the market since Dec 2006.
Thank God I read that blog.
What helped cause this mess was not speculation but
fraudulent fractional reserve lending allowing banks and
financial institutions to use leverage at stupidily insane levels.
Had there not been such a ponzi scheme such speculation would not have got so out of hand.
They cant admit when they are wrong and seem to only talk up stocks.
DailyShow gives CNBC a lashing hehe
Back in 2006 I was reading Bill Fleckenstein`s post at msn money alot. He
called the mortage meltdown then and it urged me go short and start buying
puts on the market since Dec 2006.
Thank God I read that blog.
What helped cause this mess was not speculation but
fraudulent fractional reserve lending allowing banks and
financial institutions to use leverage at stupidily insane levels.
Had there not been such a ponzi scheme such speculation would not have got so out of hand.
