Dan Greenhaus Mocks Peter Schiff's Ignorance About Money Supply and Inflation

[FluffityAntelope]

fast enough for you reference, kinda?

bdtnl reference!

free!!

this guy is great!

[MrElgooooog]

greenhaus is the man. phishhead4life.

[AirelonTrading]

Schiff ... is so stupid sometimes ... it hurts my ears.

He's been saying "The Chinese will" for 4 years now ... and they haven't done anything he's stated. They've always done the exact opposite.

Because the Chinese are intelligent.

Unlike Schiff

[watgaanhieraan]

@AirelonTrading Hey Dan don’t you wish you had an audience like Peter's does.

[scitops]

Isn't Kudlow a former cocaine addict?

[heckler73]

6:07 is the crux of the whole debate...

Greenhaus says that during the Summer and Fall of 2008, the FED flinched, and didn't tighten Monetary policy in time.

Pete says that 2001-2007's "easy money", was the cause.

So that is the dilemma.

Now, Pete denies a CB can have reactionary effect, yet THEY are to blame for the BOOM, which implies they have an effect.

Ummm, I believe Pete gets 3 out of 10 for that question on his test.

Poor logic, and inconclusive. But he spelled his name right.

[heckler73]

@heckler73

woops... Greenhaus says the FED TIGHTENED too much during Summer/Fall 2008...

sorry about that...

Still the same result in the end...

[heckler73]

@SchittReport

Thank you for throwing the graphs in . That is one way to definitely poke holes in Pete's bizarro-world economics.

What's funnier is reading the comments on the Schiff Channel in response to this vid:

"Why does Pete keep talking to idiots. Greenhaus is a Keynesian stooge. etc etc"

If Pete only spoke to himself, would his head implode?

[AntiSchiff]

This idiot Kudlow is always pushing a "King Dollar" policy, that even includes big monetary shocks in the form of tightening. lol There's hardly a better way to sink an economy.

Back to Schiff though, it's nice to see someone in a discussion like this actually present numbers that demonstrate what anyone with a clue already knew. Besides, the monetary aggregates aren't a good measure of inflation, due in part to volatility, but he was just fighting on Schiff's turf.

[AntiSchiff]

Obviously Schiff is an idiot and gets owned more here than maybe anywhere, but Kudlow's worse. The latter should know better, as a former Fed economist, and listen to his dumbass statements.

Gold as a forward indicator of inflation? I guess that means that TIPS spreads and break evens, inflation swaps, currency moves, and other commodity futures aren't forward-looking? lol Of course, he says nothing about the independent supply/demand dynamics for gold, which are by far more important.

[SchittReport]

@AntiSchiff

maybe your friend jim rogers can recommend his nursing home to kudlow.

[aquaguy7]

In my humble opinion, Inflation can be contained even when money supply is increasing by glut of goods financed by debt. If debt is not increased, excess of money supply will surely cause prices to rise as excess of money supply will devalue the currency and in turn commodity prices will rise.

[helltrackrider]

Why dont you call in Peter's show?...i'd like to hear it.

[SchittReport]

@helltrackrider

you mean the show where "he is the only sane voice in an insane world" but it doesn't matter because he can save the world since "his intelligence is growing twice as fast?"

sorry, i'm not into calling ignorant kooks with insane discourses and whose only recourse is to shout over guests so that they get 1/20th of the airtime allocated.

[tmac9938]

@SchittReport no matter how idiotic you think his show is, i'd also love to hear you on his show. it'd be hilarious.

[SchittReport]

@tmac9938

haha, ok - i'll try sometime. need to buy a really loud mic though so he doesn't just talk over me for 5 mins.

[zsylvana]

@SchittReport I got it!Buy a parrot!Learn the parrot some words like Inflation,China,Gold,Fed,Bonds­,etc.and put the parrot on your head and let him do the work!If you dress up like a Pirate your succes is done!They put Schiff out and let you be the entainer on CNBC instead!I think they buy it :) !