I'm never going to own a credit call, I'm going to ride my 91 crx until it blows up, then I'm going to build it back up. I can't wait until housing really crashes, so that I can get a house on the low with cash out in the sticks... Save my money like a Chinese or like a depression era Grandmom, and watch this b-*** go up in flames.
i'm pretty sure i've seen just about...every video of Peter on YouTube, and he usually (if not always) wins when people try to argue with him, but wow, he REALLY schooled that woman. i mean...put yourself in her shoes there. that would've been bloody humiliating. at least most of the other people he gets into debates with aren't made to look like fools until Peter's predictions turn out to be correct and theirs turn out to be way off, but that woman was just humiliated on live television.
blablabla... we already know the story.... at the end of this year we'll see Peter Schiff rulezzz and will make these clowns look stupid once again for our amusement
The problem now is that even if they're pumping money people and busnesses are not using new credit. They'll start to use it only when their income will grow in relation to debt. This is why assets are plunging. And it's difficult to make income grow because of globalization. For wages to grow you have to devalue the US dollar (and the Euro) in relation to asian currencies, or implement protetionism.
Now it's like a videogame in which you gotta kill the monster but when you kill one another bigger one is there. The next monster is credit cards. And this will be another hit to the pumping money mechanism. You cannot easily reinflate through credit when credit is the very mechanism having messed up the system. They'll be compelled to throw money from helicopters, literally.
"You know, if all we're doing is spending and we're not making things, then over time other countries are going to get tired of lending us money and eventually the party is going to be over. Well, in fact, the party now is over." Barack Obama 2/9/09
thanks for the quote, Bill. Obama (and Rogers and many others who say the same thing) is right. The problem is how to achieve that result (and it's a relevant problem for europeans too). What are the "things" we gotta start making again ? Many of them seem to be akin to the keynesian digging holes or are anyway long term projects or eventually are not yet really economically profitable.
I'm never going to own a credit call, I'm going to ride my 91 crx until it blows up, then I'm going to build it back up. I can't wait until housing really crashes, so that I can get a house on the low with cash out in the sticks... Save my money like a Chinese or like a depression era Grandmom, and watch this b-*** go up in flames.
DeniedHealthCare 3 years ago
I was going to buy gold the day before it went up $30... I didn't.... damn it!
cooljj82 3 years ago
dont worry about it.buy it anyway.
erushbass 3 years ago
i'm pretty sure i've seen just about...every video of Peter on YouTube, and he usually (if not always) wins when people try to argue with him, but wow, he REALLY schooled that woman. i mean...put yourself in her shoes there. that would've been bloody humiliating. at least most of the other people he gets into debates with aren't made to look like fools until Peter's predictions turn out to be correct and theirs turn out to be way off, but that woman was just humiliated on live television.
StoneMagnet 3 years ago 2
blablabla... we already know the story.... at the end of this year we'll see Peter Schiff rulezzz and will make these clowns look stupid once again for our amusement
celo11 3 years ago 6
The problem now is that even if they're pumping money people and busnesses are not using new credit. They'll start to use it only when their income will grow in relation to debt. This is why assets are plunging. And it's difficult to make income grow because of globalization. For wages to grow you have to devalue the US dollar (and the Euro) in relation to asian currencies, or implement protetionism.
italianchappy 3 years ago
Now it's like a videogame in which you gotta kill the monster but when you kill one another bigger one is there. The next monster is credit cards. And this will be another hit to the pumping money mechanism. You cannot easily reinflate through credit when credit is the very mechanism having messed up the system. They'll be compelled to throw money from helicopters, literally.
italianchappy 3 years ago
"You know, if all we're doing is spending and we're not making things, then over time other countries are going to get tired of lending us money and eventually the party is going to be over. Well, in fact, the party now is over." Barack Obama 2/9/09
prescottbill 3 years ago
thanks for the quote, Bill. Obama (and Rogers and many others who say the same thing) is right. The problem is how to achieve that result (and it's a relevant problem for europeans too). What are the "things" we gotta start making again ? Many of them seem to be akin to the keynesian digging holes or are anyway long term projects or eventually are not yet really economically profitable.
italianchappy 3 years ago