3/4/2010 Peter Schiff On Fast Money: Own Gold Forever?
Posted by admin in Finance Wednesday, 2 February 2011 02:58 25 Comments
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peter schiff understand economic better for most part of course than this tv fuck head guys, screw them.
The Fast Money Guys look soooo dumb!
Ha, they all look like they have egg on their face.
Dumbasses and schills, way to go Peter.
Peter doesn’t want to reveal his secrets, he wouldn’t give Guy a name that he owns haha
This guy really is incredible. Imagine how frustrating and infuriating it must be to know how right you are but to be literally laughed at in news interviews seen by millions, year after year after year. AND after having been PROVEN right about the economic crisis year after year after year. Still they mock and smirk at this guy in 2010 as if he’s a crackhead bum off the street. Schiff’s restraint is as impressive as his economic insight. I would have lost it with those assholes.
they all laugh at him, but they were probably the same ones laughing when he said in 2006 there would be a massive housing collapse. and they wont be laughing with their USD savings are worthless and gold is 5000 an ounce!
@Cathyvalaz yes i understand that but that´s only hedging against the dollar what about the investment losing 50% of its value like october 2008. It doesn´t matter what currency you hold, you still lose 50% and that depends on the world economy which is dominated by the US and China. So if the US goes down the rest of the world follows… I think Bob Prechter´s approach is still better. To sit out of the markets until the 2nd dip and then grab some cheap stocks around the world.
Typical tv talking heads. They don’t know jack. Look at them slack-jawed while listening to him, gawking like enfeebled idiots. Close your mouths you cads, it’s unsanitary!
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I love how they call schiff gloom and doom and essentially call him a dummy….the thing is schiff has reality and numbers on his side….they are the deluded ones.
i hate that they always try to make peter schiff look dumb on this show! And these clowns were all wrong and he is consistently correct!!! What a shame!
Peter often says “only when consumers start saving can business start investing and start hiring “
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
while I agree with what Schiff,Faber and Rogers say in general, they all suffer from the same problem that they sometimes fail to predict or even get it right in the short term moves…however we should see this as a positive,it should make people focus on the big picture and long term and also justify our suspicions on keynsian economics.Afterall,if keynesism is so right why is it we always have these economic crisis’
it makes it difficult for an Austrian economist to say “GDP will be X % this year” whereas a normal economist could at least make a calculation,even if it proves to be wrong. As a result,I think people might get frustrated with Schiff because of the relative abstractness of his forecasts…indeed 2008 ùust have been a tough one as Schiff had predicted USD weakness at the beginning of the year and the opposite happened remeber all that “flight to safety or short squeeze” stuff.
…however behind all this is the failure of people to understand that traditional keynsian economics is more exacting and concise compared to the Austrian School. Indeed, i would venture many have not even heard of the Austrian School. I might be wrong but traditional economics has some degree of detail and one can assign measurement whereas the Austrian school seems to be about principles and ideas without the ability to say assign a specific number.
The frequent belligerence shown by the cnbc “experts” disguises a reality that they do not care to face….they are all morons
Good idea but trying to time these market is tough…however being in foreign stocks(denominated in local currencies) is surely a better option than US stocks in USD? If the stocks go down at least you should have protection on the downside from a devaluating USD.
CNBC’s ratings are terrible, most people realize that they are just tools for their corporate masters. I have a friend who has made allot of money doing the exact opposite of what CNBC says.
Expression at 2:10 — Classic muppet material.
HAHA THiS VIDEO IS SO COMEDIC, LIKE SEINFELD. ALL THOSE PEOPLE MAKING FACES WHEN PETER TALKS. WELL, ANOTHER VIDEO FOR THE PETER SCHIFF WAS RIGHT COLLECTION! Remember Mike Norman? He made stud[pic faces and sarcastic remarks, and got him into big trouble in youtube during the Global FInancial Crisis.
Is it a job requirement at CNBC to have a stupid look on your face whenever someone delivers truthful economic news?
Every CNBC video is the same when the guest isn’t a Bernanke worshiper.
The CNBC formula for zero credibility = Bring on guest + smirk & giggle + cut them off while you pretend your channel is too important to waste anymore time on the foolish non-Bernanke guest.
I’m sure both of their viewers were pleased…
Yes but stock market is not economy, when stock market recovers in USA that does not mean that people earn and save more it just means more foregihn investmens.
@haveabeer123 Do you understand how Europac works. They are in markets that are out of u.s. dollars.
Wow, can these light-weight wannabee, douche bags distort their faces anymore? Especially that younger dopey looking guy. Anyone know that guys name? He sort of reminds me of Mike Norman but even more arrogant.
Do they really try to have goofy looks on their faces?