He's the guy that was predicting a crash for decades and then jumped up and down proclaiming how right he was when 2009 rolled around. Sound familiar
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How’s the stock market?
- Thread starter lagunaboy
- Start date
i don't actually even know who Peter Schiff is but you're welcome to find a post where i referenced him, if you think it exists. and the numbers i use to keep score these days are on Wall Street - they are real enough to bank on.
Schiff was my comment, I describe him abovei don't actually even know who Peter Schiff is but you're welcome to find a post where i referenced him, if you think it exists. and the numbers i use to keep score these days are on Wall Street - they are real enough to bank on.
i know, casa lumped us in togetherSchiff was my comment, I describe him above
Here's what you don't get.He's the guy that was predicting a crash for decades and then jumped up and down proclaiming how right he was when 2009 rolled around. Sound familiar
Major economic crises generally take years, decades to unravel and often "everything is fine". You could visit the country and not even have a clue there is an economic crisis. For instance, 20 years later the Argentine economic crisis is still unraveling, but you could easily visit and not even know how bad things are. Bandaid, shell games, and fingers in the dam prop things up.
Schiff's position appears to be that MMT is no way to run a an economy and that in the long term MMT will ruin our economy; that there is an end point to all this.
I tend to agree - the latest solution I'm hearing to the US being eventually unable to pay off the interest on our debt (we could never collect the taxes to do it) is "we can just print money to pay it off."
It's pretty mind boggling we live in a country where our taxes don't really keep the country running, rather we are loaned money from other countries to keep the country running.
You don't think there's an end point to that?
Peter Schiff owns some company that sells Gold.
schiffgold.com
But where he really shines is in marketing himself. His online persona went viral by repeatedly making strongly negative comments about crypto.
He did this knowing crypto dorks wouldn't stop talking about him and in that regard, they spread his name like wildfire all over social. Suddenly his gold website started getting a ton of traffic. His name started trending on Twitter at times. Now he's on CNBC and other shows. Brilliant marketing move all because crypto idiots are gullible and easily swayed.
SchiffGold
SchiffGold is precious metals dealer specializing in gold and silver bullion. We offer the highest overall value based on price, integrity and experience.
schiffgold.com
But where he really shines is in marketing himself. His online persona went viral by repeatedly making strongly negative comments about crypto.
He did this knowing crypto dorks wouldn't stop talking about him and in that regard, they spread his name like wildfire all over social. Suddenly his gold website started getting a ton of traffic. His name started trending on Twitter at times. Now he's on CNBC and other shows. Brilliant marketing move all because crypto idiots are gullible and easily swayed.
If I'm not mistaken he used to work at CNBC.Peter Schiff owns some company that sells Gold.
SchiffGold
SchiffGold is precious metals dealer specializing in gold and silver bullion. We offer the highest overall value based on price, integrity and experience.
But where he really shines is in marketing himself. His online persona went viral by repeatedly making strongly negative comments about crypto.
He did this knowing crypto dorks wouldn't stop talking about him and in that regard, they spread his name like wildfire all over social. Suddenly his gold website started getting a ton of traffic. His name started trending on Twitter at times. Now he's on CNBC and other shows.
You don't remember him from back around 2007, 2008?
He was on CNBC all the time.
Either way he was in the media long before crypto.
Yes, I've heard it all before
Argentina also put itself in a tough spot by tying their currency to the USD, having high import taxes, antagonistic to foreign investment/business, and other fookery that is generally considered bad economics. Which is not to say that we don't engage in bad practices ourselves, because we absolutely do, but nothing like Argentina in the 90s. He's a perpetual doom n' gloomer and Gold Bug. Eventually they are all right because the correction comes eventually, then they pat themselves on the back and tell everyone how right they were. If they actually gave a timeline for their "predictions" I would give them more credit, but they don't. They are like Nostradamus predicting earthquakes in big cities centuries from now and their followers saying, "See, he was right!"
MMT is not inherently bad so long as money is not added to the economy out of sync with productivity. Currency doesn't need to be backed by gold or anything else so long as I can use it to pay my mortgage and taxes. That said, I do agree that MMT has not been used properly.
This is simply wrong. Look up exactly how much debt is actually owned by foreign countries. It's not as much of the debt as you think it is.
You really have no idea what you are talking about. The anti-MMT movement is based on just that.Here's what you don't get.
Major economic crises generally take years, decades to unravel and often "everything is fine". You could visit the country and not even have a clue there is an economic crisis. For instance, 20 years later the Argentine economic crisis is still unraveling, but you could easily visit and not even know how bad things are. Bandaid, shell games, and fingers in the dam prop things up.
Schiff's position appears to be that MMT is no way to run a an economy and that in the long term MMT will ruin our economy; that there is an end point to all this.
I tend to agree - the latest solution I'm hearing to the US being eventually unable to pay off the interest on our debt (we could never collect the taxes to do it) is "we can just print money to pay it off."
It's pretty mind boggling we live in a country where our taxes don't really keep the country running, rather we are loaned money from other countries to keep the country running.
You don't think there's an end point to that?
I thought I got you weaned off the Austrian School, but you are back on the teat and sucking it hard
WeWork, once valued at $47 billion, files for bankruptcy
www.cnbc.com
SHEIN (pronounced SHE-EN) is going public.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/4Q75HBXAWFJU7CZA7E2DVZMYYY.jpg)
www.reuters.com
WeWork, once valued at $47 billion, files for bankruptcy
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
www.cnbc.com
SHEIN (pronounced SHE-EN) is going public.
Shein targets up to $90 billion valuation in US IPO - Bloomberg News
Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter.
www.reuters.com
As far as the whole wework thing, I blame Laird. That dude is a poison dwarf when it comes to business smh.SHEIN (pronounced SHE-EN) is going public.
Shein targets up to $90 billion valuation in US IPO - Bloomberg News
Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter.
And hard pass for me bro on Sheit (pronounced fuck the Chinese and fuck fast fashion).
Shein's Massive Popularity Comes at a Huge Cost to Us All
Shein was 2022's most popular fashion brand. It's also a nightmare for workers' rights and the environment.
My stoke is all up.
What's going on?
Instead of going to WeWork, couldn't you go to the library or Starbucks?
What's going on?
Instead of going to WeWork, couldn't you go to the library or Starbucks?
fook WeWork and fook Softbank for paying off Adam Neuman (Neuman!) $1.7 billion to walk away from that trainwreck he created.WeWork, once valued at $47 billion, files for bankruptcy
WeWork, once valued at $47 billion, files for bankruptcy
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
SHEIN (pronounced SHE-EN) is going public.
Shein targets up to $90 billion valuation in US IPO - Bloomberg News
Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter.
my wife says available outlets are now scarce and the typical places don’t have any bc of the wfh, vanlife, etc crowds that set up and stay all day.
she’s started getting creative with where she’ll set up when SDGE or spectrum has an outage at the house.
I saw mad money Cramer said Palantir is a buy....time to bail, er, sell on the news!
Literally has the same thought cross my mind, including poking the bulls on the erBB.I saw mad money Cramer said Palantir is a buy....time to bail, er, sell on the news!
View attachment 166159
I can see Cramer pulling a reverse-Uno on the Inverse Cramer Effect.....
Money doubles every 7 years at 10%, which equities (S&P 500 as a benchmark) has consistently provided.
-Compounding…
-Compounding…