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Peter Schiff and his ilk are charlatan scumbags

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heyyou:
Of course people who bought assets at their peak are being hit when those assets go down in price - precious metals are no different.

I don't think Schiff is a sociopath in these tv debates, I think he smirks because he probably can't believe what comes out of the hosts and other Keynesian propagandists, and what policies that countries like Greece pass when they make no economic sense, so be honest I'm the same also, because what the status quo suggest doesn't really solve the problem.

I understand the concept of fiat currency and that interest is paid to private entities for the privilege to create that debt. The problem with creating interest free money is that it is still inflation and steels from the people's savings/those who currently hold $ - you can t break the law of thermodynamics.

The government will have the excuse to spend what it likes and print up the currency - ie no financial discipline of not just the government but the public (those in Power will create lots of money and spend it to win votes) which will lead to inefficiency and screw up the economy imo.

This will then have unintended consequences ie screwing up the cost of money throughout the economy and impact the markets, although it's probably better than interest bearing currency.

Paper money has always been debased and goes to its intrinsic value (whether interest bearing or interest free) because it's very simple for them to do it (ie the continental) Where as while it's possible to debase metals, it's much more difficult and noticeable.

If the public have the option to settle transactions with gold or silver (or anything else the parties agree on) at least they can opt out of the system of currency that's in the hands of someone else.

Don't get me wrong, gold and silver (coins, not paper receipts deposited in central banks) have their own issues, but imo in the long run they provide a more solid foundation - that's why is was specifically stated by the founding fathers.

I'm not American btw, I'm British whose parents immigrated from india and culturally we generally view gold very differently to westerners.
 

virtuoso:

Essentially what Schiff is, is a hardcore fanatical establishment operative and I don't choose those words lightly.
People are out in the streets starving in Greece, he smirks and says they haven't had enough medicine. This, a country, whose living standards have collapsed as a result of the "headache" imposed on them, where even basic medical supplies are extremely hard to come by, whose pensions have been robbed.
However don't you see....it's irresponsible lending by the government, notice how he won't talk about the banking takeover, he won't countenance punishing the banksters, he won't factor in how the IMF has basically had a plan in place to destroy the western economy.
As for his solutions of Gold, it's pretty simple, most Gold is held by the mega rich anyway and furthermore, since money is debt, in order to go back to a so called Gold standard, you would need to totally collapse the money supply.
He tells you with a straight face that the answer to a collapsing money supply is to collapse it some more. He is part of a ruling class, his very ideology is at the core of that and look into the family history of the nae Schiff, it's a jewish family with close ties to the Rothschilds.

These people make me sick, look at Jim Sinclair too, oops, his name really isn't Sinclair and that so called gold bug expert's father really was bosom buddies with the rothschilds and rockefellers.

TraceOneInfinite:
Peter Schiff went out in the middle of the occupy wall-street protests and screamed, "Here I am, I am a 1%, I am one of the people you are angry at.  I'm right here, come talk to me".

The video's are all up on youtube and he served every one of those protesters.  You got to give a nicca props for that.

Not to mention he is a devout Libertarian  8)

Sami:
Peter Schiff is human filth, I prefer Max Keiser.

Max is a Libertarian but he doesn't reflexively hate the poor.

TraceOneInfinite:

--- Quote from: Sami on October 18, 2013, 03:43:12 PM ---Peter Schiff is human filth, I prefer Max Keiser.

Max is a Libertarian but he doesn't reflexively hate the poor.

--- End quote ---

I can't read Virtuoso's big long post, it's all over the place (love you Virt, but please condense and just stick to one thing so I can respond).. If you guys just give me one or two bullet points on why you hate Peter Schiff I would be happy to take up issue with you.

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