Financial Regulation

also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/schiffforsenate

Category:

News & Politics

Tags:

• Peter
• Schiff
• economy
• economic
• collapse
• crash
• gold
• silver
• oil
• bubble
• doom
• inflation
• depression
• recession
• rogers
• faber
• ron
• paul
• ben
• bernanke
• euro
• dollar
• Hang
• Sang
• NYSE
• nasdaq
• currency
• crisis
• stagflation
• commodities
• bear
• bull
• market
• Roubini
• krugman
• fraud

[Eleetnessful]

TO CALL IT QUITS -- OR, SOMEONE ELSE CALLS IT QUITS FOR THEM IF U KNOW WHAT I MEAN. IN ALMOST ALL CASES, WHERE DO THESE PPL GO? COMPETITORS? NOT UNLESS THEY GOT OFFERED HIGHER PAY. FOR THE BURNOUTS/LAYOFFS (AGAIN, MOST), THEY DO SOME SIGNIFICANTLY SHITTIER JOB WITH LIKE HALF PAY LIKE BE AN ACCOUNTANT OR SOMETHING.

WALL STREET = POOR COMPARED TO COMMERCIAL REAL ESTATE DEVELOPERS / TIER 1 ENTREPRENEURS. THE IDEA OF 'OWNING' THINGS.

[Eleetnessful]

PROPERTY, YOU'VE MADE IT.

PPL ON WALL STREET, COMPARED TO THE GENERAL PERCEPTION, MAKE NOTHING. $150K FOR AN ANALYST - 40% - MANHATTAN RENT - MANHATTAN UHH RECREATION - MANHATTAN FOOD = LIKE NOTHING. AND THESE PPL WORK AT LEAST 14 HOURS A DAY. AND MOST -- YES MOST -- EITHER BURN OUT WITHIN 4 YEARS OR THEY FALL WITHIN THE 'JOB CUTS' CATEGORY. AND A LOT ARE FULLY AWARE OF THIS, SO EVEN THE NOT-SO-MUCH MONEY THAT THEY HAVE LEFT OVER IS MONEY THAT THEY GOTTA SAVE IN THE EVENT THAT THEY COME

[Eleetnessful]

INVESTING IN THE MARKET (STOCK MARKET) IS SOMETHING I WOULDN'T DO. IM A COMMERCIAL REAL ESTATE DEVELOPER. ON A BASIC LEVEL, WHEN INVEST IN LAND-

ACTUALLY IM GUNNA GET CARRIED AWAY WITH THIS SO ILL LEAVE IT AT THAT.

PPL WHO OWN PROPERTY -- EVEN IF ITS SOME APARTMENT OR CONDO IN SOME SHITTY AREA -- THAT IS GUARANTEED CASH FLOW (PPL RENTING IT OUT; WHAT Y-O-U OWN) AND IF YOU OWN MULTIPLE -- WELL, LETS JUST SAY YOU COULD BE SLEEPING AT NIGHT AND BE GENERATING MONEY. ONCE YOU START OWNING

[Eleetnessful]

UROPE ARE KICKING THEMSELVES IN THE BUTT.

THE PRINCIPAL REASON WHY CHINA WAS BOOMING IS NOT BC OF INNOVATION (THEY HAVE 0 I JUST DEMONSTRATED WHY).  IT WAS BC OF 'CHEAP LABOR'

'CHEAP LABOR'

WHAT WILL BE THE ACHILLES HEEL FOR THAT ECONOMY IS IF/WHEN THOSE FACTORY WORKERS COLLECTIVELY SAY: "THIS IS BULLSHIT. I WANT WHAT AMERICANS WANNA GET PAID." WHAT WOULD HAPPEN THEN IS THE MANUFACTURING JOBS WOULD GO BACK TO THE U.S (COMPANIES HAVING TO PAY SIGNIFICANTLY MORE OF COURSE)

I COULD SAY MORE

[Eleetnessful]

T EXAMPLE. IF UR MAKING APPLE PRODUCTS, AND IT'S BEING SOLD IN CHINA, APPLE'S BOTTOM LINE SHOULD GO UP. NOW, WHEN YOU HAVE A FAKE APPLE PRODUCT, THAT DOESN'T DO ANYTHING; DOESN'T DO SHIT FOR APPLE (HENCE THE U.S ECONOMY. AND THE KIND OF MONEY WE NEED IS MONEY F-R-O-M OTHER COUNTRIES).

PIRACY IS A BIG FUCKING PROBLEM. AND AGAIN: VIRTUALLY NO REGULATIONS IN CHINA. SO IT'S RAMPANT. YOU WANNA INVEST IN A COUNTRY LIKE THAT? NOT ME. IF I EVER DO IT'S NOT BC CHINA IS HOT SHIT; IT'S BC US AND E

[Eleetnessful]

ASIAN COMPANY COMES ALONG, TOTALLY BITES-OFF THAT IDEA; ESSENTIALLY MAKING IT A REPLICATE THE ONLY DIFFERENCE BEING YOU GOT AN ASIAN NAME LIKE 'BAIDU' NOT WHAT IT SHOULD BE 'BITE-OFF-OF-GOOGLE'

THE MOST PROFOUND PRODUCTS AND SERVICES THAT HAS COME OUT FOR DECADES HAS ALWAYS BEEN FROM ONE CONTINENT: THE U.S OF A.

THE "CURRENCY MANIPULATING" THING IS WAY OVERBLOWN AND OVERSTATED. QE 1 2 ETC. CAN BE ARGUED AS CURRENCY MANIPULATING. WHAT IS SERIOUS, HOWEVER, IS PIRACY. AND THAT'S ANOTHER GREA

[Eleetnessful]

REGULATED, YOU CAN REST ASSURED THAT YOUR MONEY IS BEING INVESTED AND YOU WON'T GET ANY UNEXPECTED CURVE BALLS THROWN AT YOU (OTHER THAN MARKET/EVENT RISK ETC. ETC. OF COURSE)

THAT'S WHY YOU DON'T INVEST IN CHINA. AND LOOK AT CHINA -- THERE'S A COMPANY CALLED 'BAIDU'. THAT IS ESSENTIALLY A COMPLETE COMPLETE COMPLETE BITEOFF OF GOOGLE AND BING. HERE'S WHAT HAPPENS:

AN AMERICAN INNOVATOR COMES ALONG (OPERATING WITHIN AMERICAN GUIDELINES). HE CREATES THE 'NEXT GREAT THING'. OK?

THEN SOME

[Eleetnessful]

TAKING A BIG RISK. FOR EXAMPLE: IF U INVESTED IN COMPANY ABC AND ALL THE HEADLINES AND REPORTS ARE THAT ABC IS THE BEST COMPANY ON THE FACE OF THE PLANET, AND ONE DAY, OUT OF NOWHERE, U FIND OUT THAT COMPANY ABC IS CHAPTER 7 BANKRUPTCY, YOU CAN'T REALLY GO: "WHAT THE FUCK?!"

WHEN YOU INVEST IN ANYTHING THAT IS LIGHTLY OR EVEN MODERATELY REGULATED, YOU HAVE NO IDEA WTF IS HAPPENING TO UR MONEY; YOU HAVE NO IDEA WHERE IT'S GOING. CONVERSELY, IF YOU KNOW THAT THE COUNTRY YOU INVEST IN IS TIGHTLY

[Eleetnessful]

THAT'S #1

#2: THE REASON ASIA HAS BEEN DOING WELL FOR THE PAST ~2-3 YEARS UP UNTIL RECENTLY IS NOT BC THEY'RE SOME BADASS INNOVATIVE GREAT ECONOMY -- IT'S MORE BC WE HAVE ALL THESE HIPPIES AND SHITHEADS LIKE THE ows LOSERS AND ARE BASICALLY KICKING OURSELVES OVER AND OVER

ONE OF THE MAIN REASONS WHY THE U.S OR EVEN EUROPE, AS BAD AS THEY ARE, IS AND WILL BE BETTER THAN ASIA IS BECAUSE: REGULATIONS.

HERE'S WHY.

IF YOU INVEST IN A COMPANY THAT HAS VERY FEW GUIDELINES AND REGULATIONS, YOU ARE

[Eleetnessful]

OK. I HAD TO DO 'TESTING' BC IF I GOT A 'COMMENT PENDING APPROVAL!' IT WOULD NOT BE APPROVED BY THIS LOSER

OK

WHERE TO BEGIN-

WHAT I THINK ABOUT THESE IODIOTS (CHIEF AMONG THENM : jamie WITH HIS HAIRY ASSHOLE) WHEN IT COMES TO REGULATIONS IS THEY'VE GOTTEN AWAY AND USED TO DOING UENTHICAL SHIT FOR SO LONG THAT IT'S DEEPLY EMBEDDED IN THEIR MINDS. THEY'VE NEVER BEEN CONFRONTED WITH DOING BAD SHIT THAT THEY THINK THEY'RE ALMOST ENTITLED TO DO THINGS THE WAY THEY'VE ALWAYS DONE IT.