First couple of sentences;
https://www.economicpolicyjournal.com/2012/08/peter-schiff-opens-hard-money-bank.html
https://www.economicpolicyjournal.com/2012/08/peter-schiff-opens-hard-money-bank.html
Peter Schiff - Hard-Money Bank
- Thread starter Dr. Jones
- Start date
Duck Rodgers
Well-Known Member
I'd give anything of material value I have to not to have to use US bank accounts anymore.
UGLI baby
Well-Known Member
Your Quest for Perfection t-shirt?? Dude.
Not a topic for an open forum, but I am curious why you think you have to ........ other than the obvious answer.
Peter Schiff is just another crackpot shill for the old London Kingdom who wants to take us back to the dark ages. Won't it be awesome when Big Peter finally realizes he's created multiple claims on the same gold nugget & causes massive runs on entire civilizations? That era was so cool, guys. Depressions are awesome, but don't worry, our golden idols will save us all as long as we worship them hard and long enough.
--I hate Stern and LA.
Good thing nobody beside the UFO hunting crowd considers Schiff worth listening to.
--I hate Stern and LA.
Good thing nobody beside the UFO hunting crowd considers Schiff worth listening to.
No wonder I see his name on Jazzfanz all the time.
larryselbows
Banned
He does have some "different" ideas but even I have to admit that he was about the only guy to foresee the 2008 crash.
Duck Rodgers
Well-Known Member
Guess who has been at congressional hearings already a few times this year? Your boy is moving up. No longer just on every TV news show under the sun schooling everybody that tries him.
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Tell that to stock holders of Friedman Billings Ramsey, Impac Mortgage Holdings, & a few dozen other similar companies back in 2005. It was pretty much only him and the entire industry who saw it coming. Funny how Schiff "called it" but couldn't make a dime off anything but his gold worship though.
Peter Schiff has been calling for a crash since he crawled out his mother's poisoned womb.
You'd be surprised how many crackpots speak in front of congress, like those Hawks Cafe loony tunes. And how does he school them? By chucking his own ***** and threatening to use his flint tipped stick next?
larryselbows
Banned
I have to admit that I don't know a lot about what people thought before the crash. It's one of those things that I'd imagine you'd have to be a part of the industry and closely associated with investment bankers to truly be able to get in their heads. Regardless, I found this video at least mildly entertaining.
[video=youtube_share;2I0QN-FYkpw]https://youtu.be/2I0QN-FYkpw
So the world is in great shape, but but but, Schiff is putting the world in peril. Which is it?
Seems like gold has been a great investment over the last 5 years, so Peter might not have been the worst person in the world to listen to.
I have not looked into his specific offerings.
Seems like gold has been a great investment over the last 5 years, so Peter might not have been the worst person in the world to listen to.
I have not looked into his specific offerings.
larryselbows
Banned
Watch the vid brahhh
I couldn't stand listening past the 2:10 mark. Art Laffer is a Reaganite ideologue hack & pushing party economics here. I didn't hear anything radical from Schiff in that two minutes that the common person wouldn't have said. Wasn't everyone saying all the credit card debt, 2nd, 3rd, & 4th mortgages, huge SUV's, house payments that their children couldn't afford, & on & on... wasn't everyone saying it was a problem that we'd soon have to pay back?
So yeah, Schiff was right about the bubble he'd been calling for a solid decade. But Schiff doesn't understand the first thing about money and that's why he's been wrong ever since. He's still calling a great crash. He couldn't sell books if he didn't. Manufacturing keeps rising, exports are growing, we're using less fuel while finding more oil, crop yields climb higher, technological advancements are increasing, we've cut government employees across the board, debt:GDP is pressing lower, & housing has bottomed. What more could Peter Schiff ask for?
Peter Schiff is going to hurt a lot of unsuspecting people by fear mongering the hell out of them. Next thing we know, housing will take off, government will start hiring again, the Dow will be at 20,000, and gold will have no place in an investors portfolio or under the bed of anyone who wants to see the world advance. And poor Peter Schiff will be exposed for the ignorant hack he is.
The only thing worse than a snake oil salesman is a person who rips you off thinking they know what they are talking about but really don't know ****. I hope Peter Schiff falls down an old gold mine shaft and suffocates to death.
yea, that was a fun video.
gold has faded this year, I wonder what Peter is saying now.
It sounds like he underestimated the ability of the FED to engineer a bounce back by printing money and giving it to rich people though, but for the time period leading up to 2008/2009 he was spot on.
gold has faded this year, I wonder what Peter is saying now.
It sounds like he underestimated the ability of the FED to engineer a bounce back by printing money and giving it to rich people though, but for the time period leading up to 2008/2009 he was spot on.
larryselbows
Banned
Chill out.