Schiff gets Owned

[Munger]

http://www.businessinsider.com/peter...ws-show-2013-7

[verdo]

Re: Schiff gets Owned

I don't think there is a single veteran ituliper who is a schiff fan so..

[BK]

Re: Schiff gets Owned

I'm know Schiff fan, but you need to understand Prof Sumners distorted perspective (I'm a light weight on Econ) is that the Gold Standard was a major cause of the World wide depression of the early 1930s - seem counter to everything iTulip stands for....
Here is the Abstract for Prof Sumners PhD work -

Abstract
Recent studies have suggested that excessive increases in the monetary demand for gold may have contributed to the worldwide deflation and depression of the early 1930s. These increases have been attributed to currency hoarding as well as a lack of coordination among the major central banks. This paper examines whether news relating to these factors could have contributed to declining stock prices in the United States during the early stages of the Great Depression. There is some evidence that stock market participants expected monetary policy coordination, perhaps through the Bank of International Settlements, and that the market reacted adversely to political events that made cooperation more difficult.

[Mega]

Re: Schiff gets Owned

Am a client of Peter's...........am slighty ahead to where i was in 2008 ish.

I think he is going to be proved VERY right...........The Fed will stop printing & the market will tank........then MASSIVE printing.
Fingers crossed the BOE does the same (if not more).
Mike

[Adeptus]

Re: Schiff gets Owned

The business insider posting an article with such a title, then after you watch the video you realize he didn't get owned at all just discredits businessinsider.com in my eyes. He might get owned when the verdict on this grand experiment is finally out, but given this may still be years away, this is a pointless headline.

I'm not a fan of Peter, although I admittedly listened to him back in 2007/2008. As mentioned countless times here on itulip by various people, he may be proven partially right (minus the hyperinflation), but his timing is consistently off, which makes his predictions not worth a heck of a lot. IMO, aside from his out of the hat gold valuation predictions that seem to change with the wind with every other interview, his arrogance just turns me off, although in this particular video he did come across as fairly lucid and coherent, unlike his radio talk shows.