Preparing us for Hyperinflation

StevieJ

luvpump wrote: »

I guess schiff has been wrong a number of points, but look at 6.13 on the video, Bernake on u.s house prices etc befor the bubble burst, schiff ofcourse was famously & (pretty much on his own) and a 100% right on the real estate bubble ..

But the interviewer states that 'we have had so many economists coming on air here and saying it is a bubble and it might cause a recession' seems he pretty much wasn't on his own Even the Bank of England were puttting out warnings.

DannyRadclif

StevieJ wrote: »

You mean this Schiff



http://money.usnews.com/money/blogs/the-ticker/2009/01/26/peter-schiff-right-on-the-crisis-wrong-on-investing

So he was wrong about everything except gold and silver?

StevieJ

DannyRadclif wrote: »

So he was wrong about everything except gold and silver?

Looks like everything

Gold is going to be $1,200 to $1,500 by the end of the year

Previous Update: Wednesday, December 31, 2008 - GOLD ABOVE $US 880.00

sabretoothtigger

StevieJ wrote: »

Even the Bank of England were puttting out warnings.

And dont forget Vince Cable! Closest we got to Ron Paul I reckon



I looked at the video link, be very careful. This guy is in the credits

http://en.wikipedia.org/wiki/Jonathan_Lebed


Some Machiavellian misdirection going on there apparently. This is not to say the info is all bad but the NIA company mentioned there is involved in stock fraud basically.

The whole hyper inflation or just gold generally brings all the extreme arguments, take a pinch of salt with it all. Dont trust one source, still I would say Schiff is generally right and very irritating about it too


more:
http://www.bloomberg.com/news/2012-05-01/greenspan-says-u-s-stocks-very-cheap-likely-to-rise.html

http://www.ibtimes.com/articles/335743/20120501/ron-paul-krugman-video-debate-watch-2012.htm
Ron Paul Vs. Paul Krugman: Watch The Debate Video That Pits Paul Vs. Paul

chucky

StevieJ wrote: »

You mean this Schiff

Quote:
12 Ways Schiff Was Wrong in 2008
Wrong about hyperinflation
Wrong about the dollar
Wrong about commodities except for gold
Wrong about foreign currencies except for the Yen
Wrong about foreign equities
Wrong in timing
Wrong in risk management
Wrong in buy and hold thesis
Wrong on decoupling
Wrong on China
Wrong on US treasuries
Wrong on interest rates, both foreign and domestic

http://money.usnews.com/money/blogs/the-ticker/2009/01/26/peter-schiff-right-on-the-crisis-wrong-on-investing

surprisingly for someone who got it so wrong people still believe him?

It must be because that's what they want to happen... Strange

Bigdeflationfirst

sabretoothtigger wrote: »

And dont forget Vince Cable! Closest we got to Ron Paul I reckon



I looked at the video link, be very careful. This guy is in the credits

http://en.wikipedia.org/wiki/Jonathan_Lebed


Some Machiavellian misdirection going on there apparently. This is not to say the info is all bad but the NIA company mentioned there is involved in stock fraud basically.

The whole hyper inflation or just gold generally brings all the extreme arguments, take a pinch of salt with it all. Dont trust one source, still I would say Schiff is generally right and very irritating about it too


more:
http://www.bloomberg.com/news/2012-05-01/greenspan-says-u-s-stocks-very-cheap-likely-to-rise.html

http://www.ibtimes.com/articles/335743/20120501/ron-paul-krugman-video-debate-watch-2012.htm
Ron Paul Vs. Paul Krugman: Watch The Debate Video That Pits Paul Vs. Paul

Love your new avatar Sabre.

I bet you love it when Ron Paul gets to question the Bernake

Like when he asked him is gold money? He said no :rotfl: He should have asked him next when do you think it stopped being money then?

The best one was when Dr Ron Paul held up a silver coin, it was just like the vampire slayer showing the vampire the weapon that will kill him.


http://www.youtube.com/watch?v=QHc4Vp4I9_I&list=UU-oIdByeQwwH4ULueUV592w&index=21&feature=plcp

sabretoothtigger

I bet you love it when Ron Paul gets to question the Bernake

RP speaks too much from what Ive seen. Best thing to do is hang a man with his own words, Ron does the opposite more or less
If he could cross examine Ben and expose his failed policies with his own words something like those old Ironside tv dramas :laugh: or this is the scene we need except with monetary policy

http://www.youtube.com/watch?v=e9DJTHDS2rU

In fact the congress could be blamed more then the Fed for confusing their mission. Maybe that reflects on Ron more then Ben for the blame in letting them loose

http://www.chicagofed.org/webpages/publications/speeches/our_dual_mandate.cfm

sabretoothtigger

Peston snooping this thread ?

Robert Peston ‏ @Peston
Mervyn King: "This was a bust without a boom". Hear the Governor's own account of what he did in the war:
http://t.co/1ZJpWbun

Robert Peston ‏ @Peston
& Telegraph says King blamed loss of million jobs on Labour's failure to recapitalise banks fast enough. Maybe they heard different speech
Expand

56m Robert Peston ‏ @Peston
FT says Mervyn King conceded for first time not shouting loudly enough about risks during boom. Not so. Its a recurring theme

Generali

MrInvestor wrote: »

I find that generally people are too quick to rubbish the terrible facts about fiat currency. If you study enough world history, it really isn't that hard to imagine.

The difference between specie money and fiat money system is that all specie monetary systems have failed while only most fiat money systems have failed.

purch

Here is an interesting interview with Bill Gross, top man at Pimco who run the largest Bond mutual fund in the world.

He seems to think that any inflationary results from QE will be gradual and not a burst of high/hyper inflation.

http://www.bloomberg.com/video/91520794/