Peter Schiff, QE3 Final Nail in Coffin - Operation Screw

reply to post by hawkiye


He is not the only one who can predict the economy.

The media simplifies things to not create a panic and to instill some confidence in the system, Regardless, this guy is promoting a book. So he is doing a good thing really , creating employment, keeping the econonmy turning. If he really believed it was the end then he would give it all away for free, as money won't mean anything, no matter how much you might have.

So as I said before, it is people that make an economy.

Don't fall for the fearmongering it will just make your life uncomfortable

Originally posted by Zarniwoop
reply to post by hawkiye

 

Um you forgot one thing. Peter has been right on the money with his economic forecasts!... Geeze people do some research or put a sock in it...

Peter, and many thousands of others with common sense, I suppose.

The dude is just trying to sell a book.

Place your sock where it fits.

Ah no you are just talking out your ass. Peter Schiff, Ron Paul, Gerald Celente and Jim Rodgers predicted the 2008 crash to a T. Please name a few others of these thousands you claim and provide the evidence...

Originally posted by magma
reply to post by hawkiye

 

He is not the only one who can predict the economy.

The media simplifies things to not create a panic and to instill some confidence in the system, Regardless, this guy is promoting a book. So he is doing a good thing really , creating employment, keeping the econonmy turning. If he really believed it was the end then he would give it all away for free, as money won't mean anything, no matter how much you might have.

So as I said before, it is people that make an economy.

Don't fall for the fearmongering it will just make your life uncomfortable

Ah the clueless strike again... Sigh The Media does nothing of the kind they are completely clueless. They were preaching all roses and rainbows when Peter and the others I mention in the post above were warning about the 2008 crash and they ridiculed him. He owned them all! Its not fear mongering its reality it happened based on our reckless monetary system the Federal reserve and lying pundits and politicians. It is still happening the dollar it going to crash its a matter of time. The Fact that Peter is selling something makes not difference. Everyone is selling something its how we all make a living one way or another.

www.youtube.com...

www.youtube.com...

reply to post by hawkiye

Peter Schiff, Ron Paul, Gerald Celente and Jim Rodgers predicted the 2008 crash to a T. Please name a few others of these thousands you claim and provide the evidence...

I'm not really that concerned about his previous "economic forecasts". A broken clock is correct twice a day.

He said nothing earth-shattering, or even that original at all, in the video you posted.

Thousands would likely agree with me. .

Peter Schiff is a media whore. He offers no solutions, only doom a and gloom...

Go ahead... buy his book

Did I mention that he is just trying to sell books?

Peter Schiff is a pessimist. He should be borrowing every penny he could and be buying Gold. Cash it in every 6 months as Gold has been going up up and up and borrowing more to buy MORE gold....and in 6 months selling it so he could borrow again to buy MORE Gold......

What Peter Schiff screams about as a travesty........if you have money right now you can make lots of money.


Only the poor/ uneducated will be effected. I doubt Peter Schiff will be effected.

Originally posted by Pervius
Peter Schiff is a pessimist. He should be borrowing every penny he could and be buying Gold. Cash it in every 6 months as Gold has been going up up and up and borrowing more to buy MORE gold....and in 6 months selling it so he could borrow again to buy MORE Gold......

What Peter Schiff screams about as a travesty........if you have money right now you can make lots of money.


Only the poor/ uneducated will be effected. I doubt Peter Schiff will be effected.

LOL Your trying to give Peter Shciff advice on what to do? Yeah there is a reason why Peter Schiff is a self made millionaire and you're broke and blaming everyone else for it. You don't become a self made millionaire by being a pessimist you do that by knowing your business better then anyone else and ignoring the naysayers and moving forward.. That doesn't mean you ignore factual problems you asses them find solutions and plot s course through them to success. The pessimist whines about his poor situation as if it is not his fault and never moves forward!

LOL at the idiots trying to bash Peter when even the pundits and so called economic experts who ridiculed him a few years ago had to concede and bow to his dead on scary accuracy.

I honestly don't know why Peter Schiff is one of the few speaking consistently about the coming collapse. Well, I know why he does, money.....doesn't mean it's not true, though. We, the public, know we are not heading in a healthy direction.

There are a lot of rich brokers, bankers and businessmen that laugh all the way to the bank daily with the help of FED monetary practices, and why they've worked so hard to sustain the theivery for as long as they possibly can. This is the reason the collapse has not occured, those with the power to manipulate, have been very busy! But as with every house of cards, there will be one card that WILL collapse the house, just a matter of which and when.

reply to post by hawkiye

so called economic experts who ridiculed him a few years ago had to concede and bow to his dead on scary accuracy

If by “scary” you mean “not at all”, then I agree with you.



Jump to 4:30 to hear Peter predict in 2002 that the Dow will drop to between 2000 and 4000

reply to post by Zarniwoop

No sure, if you and I watched the same video. He may have been a few years ahead on his predictions, but he is dead on. We had a precurser recession in 2008, but manipulation stopped it from a worst case scenario. Now look around you now, 1/3 of americans on some sort of federal aid, manufacturing all but gone from our land, deteriorating or diminishing commodities, Businesses still closing doors...

Yeah, I'd say scary dead on.

Also when he said the market would drop between 2000 and 4000, he did not say when. Also it did drop from over 14000 to 6500, so in a way he was pretty spot on, considering when he made his drop prediction in 2002, the dow was just over 10000.

Originally posted by Zarniwoop
reply to post by hawkiye

 

so called economic experts who ridiculed him a few years ago had to concede and bow to his dead on scary accuracy

If by “scary” you mean “not at all”, then I agree with you.

Jump to 4:30 to hear Peter predict in 2002 that the Dow will drop to between 2000 and 4000

LOL! you should quit embarrassing yourself. First no one is 100% accurate 100% of the time but he has been scary accurate. However nothing in that interview is inaccurate. He said the he thought the dow would go down that low perhaps sometime in the next several years but did not give a specific date. It has gone down as low as 6500 in the last ten years. He said the recession had not started yet so obviously was not predicting that number in the near future to 2002 and explained the housing bubble and how it was going to pop and the dollar will crash. etc. IOW same things he has been saying now for a decade and been right on the money about. The housing bubble has popped and the dollar has been teetering on the edge for the last few years... It will finish probably in the next couple years especially with QE indefinitely now. The dow will go as low as he predicts count on it!

reply to post by SunnyDee

Yeah, I'd say scary dead on.

Also when he said the market would drop between 2000 and 4000, he did not say when. Also it did drop from over 14000 to 6500, so in a way he was pretty spot on, considering when he made his drop prediction in 2002, the dow was just over 10000.

Timelines are fairly important when it comes to dreams and predictions.

There will be a 7.0+ earthquake in California sometime in the future. Californians should move to avoid this event. I can't tell you when, though. And I am not wrong until it doesn't happen.

Originally posted by Zarniwoop
reply to post by SunnyDee

 

Yeah, I'd say scary dead on.

Also when he said the market would drop between 2000 and 4000, he did not say when. Also it did drop from over 14000 to 6500, so in a way he was pretty spot on, considering when he made his drop prediction in 2002, the dow was just over 10000.

Timelines are fairly important when it comes to dreams and predictions.

There will be a 7.0+ earthquake in California sometime in the future. Californians should move to avoid this event. I can't tell you when, though. And I am not wrong until it doesn't happen.

edit on 17-9-2012 by Zarniwoop because: (no reason given)

Well he did say in the next 5 years or so, and well he was off by 2 points on the numbers big wow, but he was correct on every other thing he said, way to focus on what's is important... Sigh!

Yeah gee lets find one thing he was semi incorrect on out of dozens he was correct on (even though he was technically correct in there being a drastic drop) though 100% correct on everything else he said and has continued to make accurate predictions since then but lets ignore his proven track record and find one thing he was only semi correct on try and take it out of context and focus solely on it and try and make the ridiculous claim he is not accurate with any of his predictions... Like I said quit embarrassing yourself and acting like an idiot and mucking up this thread...

reply to post by hawkiye

Like I said quit embarrassing yourself and acting like an idiot and mucking up this thread...

I see the value you place on opposing view points is greatly surpassed by that you place on personal attacks. You might want to reconsider that trend.

This mega thread was stalled around post #6. I’m sorry if I “mucked up” your Pièce de résistance.

Anyhow…

Yeah gee lets find one thing he was semi incorrect on out of dozens he was correct on (even though he was technically correct in there being a drastic drop) though 100% correct on everything else he said

I started with one thing ( a really big miss). But, here are 12 more things he was wrong about.

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

That's a lot of things to be wrong about, especially given all the "Peter Schiff Was Right" videos floating around everywhere. The one thing he was right about was the collapse of US equities and no part of his investment strategy sought to make a gain from that prediction.

Peter Schiff Was Wrong

I'm not the only one with this point of view. Everything I can find on Mr. Schiff leads me to believe he is a fear-monger who got one or two things right, gives horrible investment advice, and is trying to capitalize off of his "track record" for personal gain.

Your challenge, if you wish to accept it, is to find sources for the dozens of things you claim he was 100% right about. And, as an added bonus, list a few reasons why he is doing this that don't amount to personal gain.

My opinion can always be changed.

reply to post by Zarniwoop


Once again you embarrass yourself by posting that piece of garbage. That's what happens when you don't know what your talking about don't do any research and try and do a google search looking for anything that confirms your false bias based on emotion and not facts rather then looking for the actual truth...

Peter takes apart that ridiculous hit piece you found in your google search.

My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor performance of my long-term investment strategy. The post is causing quite a stir and compels me to provide some badly needed context.

To achieve his ends, this individual has distorted much of what I have been saying and writing, and has twisted the facts to support his own preconceived conclusion. In essence, his piece is nothing more than an overt advertisement (and a highly deceptive one at that) to use my popularity to advance his career. In so doing he has given my critics, particularly some who have been embarrassed by their roles in the "Peter Schiff was Right" video, their moments of retribution. In addition, some members of the press who have never been among my greatest fans are seizing the opportunity to discredit me as well.

Read the rest here: marketoracle.co.uk...

I have responded to your ignorance more then enough I won't be responding to it anymore but thanks for bumping the thread again.

And for those intrerested here is a list of many of the things he has been right about.

www.youtube.com...

www.youtube.com...

www.youtube.com...

www.youtube.com...

If anyone thinks that printing even more money and lower interest rates further is the way to kickstart this economy, then ........why didn't QE1 and QE2 do the trick already. I'm sure seniors love getting 1.05% on their Certificates of Deposit. Was inflation more than 1.05% last year? In that case, they lost money. Just in case you were wondering, it's was 3% in 2011.

Debasing our currency by printing more is not a serious solution to our problems.

reply to post by hawkiye


From your OP...

Watch to the video and tell me if you think he is wrong and why?

If you've made up your mind prior to starting a thread, why ever ask for input

I'm sorry I seemingly ruined your thread, but I do hope you grow up just a bit as a result.

- Peace

Edit:

but thanks for bumping the thread again.

Its commonly referred to as "hospice"... you are welcome.

You have failed my challenge with your video links...

Your challenge, if you wish to accept it, is to find sources for the dozens of things you claim he was 100% right about.

I'll take that as a "fold"... good game, though.

Here is another good video of Peter on a news program back in July talking about what will Happen if QE3 is implemented and how the 2008 crash was just the beginning not the final crash as most people think it will get better from here on out. The Fed and the government continue to do the same things that gave us all these problems at ever increasing speeds and as long as they continue we are heading for total economic crash. This is not just pessimism as some ostriches like to opine this is plain simple math. The Math does not lie!

if you continue to debase the currency the day will come when it is worthless it's simple math. We are very close. The only thing holding the dollar up is oil and smoke and mirrors.



www.youtube.com...