Real Estate
2/3/2009 Part 3/3 Peter Schiff On Kudlow & Co: Bad Bank Plan
December 8, 2009 by admin · 25 Comments
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Kudlow, Cramer & the rest of the ra ra stock bulls remind me of the guys in the Great depression who were jumping out windows in 1929 after a bear market.
Peter you are the man!!
I meant none beside Peter.
None of em? Schiff based his whole argument on that definition.
yes, credit acts like money
monetary inflation is an increase in money supply and CREDIT.
Im not saying he is right all the time, the odds seam to be in his favor. He came on Tv and defended those losses but on the US economy he has been bulls eye more than anyone. Even Duke loses a basketball game, but do you ever pick them to lose in the 1st round when they have an outstanding record? I think the rest of the world is more “fecked” because they keep buying our debt(treasuries) We are spoiled as a nation. I notice it in our children!
Do any of you truly believe that the most intelligent assembly of men, American business giants, actually do NOT understand what is going on? Does any truly believe that the pundits are not on the puppets of the people of the corporate/government power structure? Who owns the media? Politicians are in the pockets of which corporations?
Can we blame the corporations? The executives are legally bound to create profit. But at any cost?
None of these men even know the definition of inflation. Inflation is increase in money supply. Deflation is the decrease in money supply. The money supply in the US has TRIPLED in a year.
Who believes these idiots anymore? I can’t believe they can actually say printing money for bailouts can be a good thing. They should change the name of the show to “Peter Schiff Talks Sense to Morons”
there hasnt been any evidence of subprime before it happened when Peter Schiff warned about it you fools!
exception*
All the geniuses throughout time were highly criticized, Schiff is no expection.
People will recognize the words of Schiff, Faber, Paul and Rogers when it’ll be too late!
Anyone who speaks against Schiff, will likely be proved idiotic, in a very short time.
Is it me or does CNBC put stupid, annoying, graphics when they are completely unnecessary?
Does anybody even look at tickers at the bottom of screens any more?
What an idiot.
Peter was on the Alex Jones show today.
You can google, with out the ” marks:
Fed St. Louis MULT and get to a whole sleuth of data on econ and banking. The M1 multiplier is the MULT code, for example. It has been trending down. BOGAMBNS is the monetary base code etc etc… lots of info, and scary hockey stikc graphs. EXCRESNS is excess reserves held by depoisters, It hovers around 2 billion until 9-11 where it jumps to 20 billion, then back down. Since August 08 it has jumped to 750 billion. Excess reserves are not money, yet.
Aren’t these guys tired of Peter Schiff making them look stupid when their crappy bubbles burst? Shut up and listen to Peter. THAT’S what you should do!
I agree. Unfortunately our “entitlement” generation we are living in will make people follow unsustainable promises instead of listening to the truth and saying our standard of living will go down and…. we might actually have to LIVE WITHIN OUR MEANS!!!! OMGGGG!!!
Exactly. And while Asian economies may somewhat shrink and lose nominal value they won’t be printing money to debase the currency that they are on now. I mean it’s like this country is paying off credit cards with more credit cards and eventually the creditor will shut up down and want payment.
How many other central banks are printing currency like crazy? I’m not sure on the numbers but I’m guessing we have them all beat. When we are running this kind of trade deficit and all these foreign nations are holding our currency and that we are debasing daily, and they realize they can’t get as much with it and we are paying back debt with printed money losing value then they cut us off. If they can’t get anything with out money because we don’t produce anything our money becomes worthless.
Thanks. Then there is a variable V, in addition to M. I see when ppl realize that high inflation kicks in, they try to dump their crispy fedres notes fast, so not only M increases (which can increase “fast” but not so fast), but V can really skyrocket within a week.
“so we do” not “wo”
The price inflaition we see is usually a result of monetary inflation, but the two are not the same thing. Negative Supply Shocks, for instance, can increase price inflation apart from monetary inflation.