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re: Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013

Posted on 7/7/13 at 6:40 am to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138681 posts
Posted on 7/7/13 at 6:40 am to
Roubini's latest prediction is Gold will drop 30% or more from present levels.
Are you listening, Rivers?

Posted by whodatigahbait
Uptown
Member since Oct 2007
1850 posts
Posted on 7/7/13 at 10:24 am to
quote:

Economist Peter Schiff


Please take that term very loosely. He's more of a scam artist than an economist.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 7/7/13 at 10:30 am to
my prediction is until republicans man up and start having 8-10 kids per family, we will never see another republican president and by 2030 we will be at 50%+ tax brackets and 20% unemployment.....a la a few european nations. That's the goal though right? Europe is the system we seek to become?
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 7/7/13 at 11:19 am to
quote:

2030 we will be at 50%+ tax brackets and 20% unemployment


Posted by cajunangelle
Member since Oct 2012
166956 posts
Posted on 7/7/13 at 5:16 pm to
Which economists are not scam artists? Any economists not looking for the money?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138681 posts
Posted on 7/7/13 at 5:25 pm to
quote:

Which economists are not scam artists?

Perhaps the ones who are actually trained in economics?
At least that would be a good place to start, were one to seek the title, "Economist".
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 7/7/13 at 5:30 pm to
quote:

Which economists are not scam artists? Any economists not looking for the money?


Economics is such a bullshite soft science that you really shouldn't take any of the Money Talk "experts" serious on this topic.

Peter Schiff has forgotten more about economics than these "experts" have ever known, combined.

That being said, Schiff has been predicting a pretty major crash for a few years now. And he's routinely laughed at for it.

The same thing happened with the 2008 crisis.


Will he be right? Who knows. Maybe, maybe not. But it's pretty ignorant to dismiss what he has to say simply because of who he is.

The hive mind of this board is interesting, to say the least. I'm still trying to figure out the dynamics, but it looks to me like a big circle jerk of dinosaurs. JMHO.
This post was edited on 7/7/13 at 5:31 pm
Posted by C
Houston
Member since Dec 2007
28247 posts
Posted on 7/7/13 at 5:43 pm to
Did Peter call the market rebound to new highs?

I could be wrong but I think he has been predicting a collapse for a few years now. And the economy is cyclic so he may be right soon.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5853 posts
Posted on 7/7/13 at 5:59 pm to
I was worried about you Wiki. Are you going to respond to the other thread?
This post was edited on 7/7/13 at 6:00 pm
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 7/7/13 at 6:26 pm to
quote:

Are you going to respond to the other thread?



I plan on it but you'll just be disappointed anyway.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5853 posts
Posted on 7/7/13 at 6:33 pm to
Why? I'm not trying to convince your beliefs one way or the other, I'm just trying to provide information you may or may not know and spur conversation.
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 7/7/13 at 6:35 pm to
quote:

Why? I'm not trying to convince your beliefs one way or the other, I'm just trying to provide information you may or may not know and spur conversation.


may as well just go reply now...standby
Posted by Chris Farley
Regulating
Member since Sep 2009
4213 posts
Posted on 7/7/13 at 6:42 pm to
Even a broken clock is right 2x a time.

This guy is a clown and scamming people based off of fear(That's why his stuff is published in 2nd rate financial publications like Forbes). He probably has some nice day time infomercials on Fox News as well.
Posted by cajunangelle
Member since Oct 2012
166956 posts
Posted on 7/7/13 at 6:49 pm to

As wiki said, everyone made fun of him when he and others warned about the housing bubble getting ready to burst.

Monopoly money printed has never nor will it ever work.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 7/7/13 at 6:54 pm to
Wiki supports Schiff, now I really doubt his credibility.
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 7/7/13 at 6:55 pm to
quote:

Wiki supports Schiff, now I really doubt his credibility.


Link?

I pretty sure I simply said that he was right about 2008 and that he may or may not be right with his current predictions.

FWIW, I much prefer Kyle Bass to Schiff for info when I research this kind of stuff.
Posted by LSURussian
Member since Feb 2005
134808 posts
Posted on 7/7/13 at 7:02 pm to
quote:

Economics is such a bullshite soft science
You flunked Econ 1001, didn't you?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/7/13 at 7:03 pm to
You're as terrible and incompetent on this board as the others. You have never posted here and have no idea what we were saying. You're just an awful and unbearable troll.
Posted by cajunangelle
Member since Oct 2012
166956 posts
Posted on 7/7/13 at 7:06 pm to
oh please please fill me in on what it is you are saying other than you look ingnorant as frick saying nothing all arrogant.
Posted by LSURussian
Member since Feb 2005
134808 posts
Posted on 7/7/13 at 7:06 pm to
quote:

everyone made fun of him when he and others warned about the housing bubble getting ready to burst.

You're an idiot if you believe that. Many posters on this board, me included, repeatedly said the housing bubble was going to burst one day. The point was nobody knew when it was going to happen.

I can predict now without a doubt that the sun will burn out one day. I will be correct one day.
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