Peter Schiff - 4/2/09 Video Blog
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When I see the Dow go up I visualize all the dumb folks who never fail to dump all their money every time they hear a pile of crock. The G20 created a false realm that it was once again a wonderful world and the Dow went up! When Wells Fargo announced a 30 billion profit the Dow went up! What are these dummy investers thinking, that something magical might happen?
I predict that Wall Street is going to turn into a black hole. We are going completely broke and we are in debt too.
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Schiffs analoglies......priceless.
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He's BALD!!
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gold will drop... and then buy it. silver too. shit, cigarettes, chocolate, coca cola... haha... all commodities.
Ron Paul/Peter Schiff 2021
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Thanks Peter. I always appreciate your insight. It amazes me how many people think we're going to spend our way to prosperity when we find ourselves in this situation by living beyond our means!
I agree about China. They will play the game a little longer. They will play the game until they are able to build an economy less dependent on exports. China will act at the right time.
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"One wave comes in, but the tide is going out..." This is what Peter is trying to tell us. I hope there's a big rally and gold drops like a rock, I will buy all I can.
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YEEA ! tell 'em Peter ! . . the chinese are'nt gonna cooperate ! the fat , lazy fuck americans are gonna have there LAST bbq season this summer ! HA HA HA !
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Excellent explanation as ever, great metaphor about blaming the fever on the thermometer!
acubird 2 years ago 4
blaming your fever on a thermometer... best analogy ever
danspeaks 2 years ago