Irrational exuberance , Krugman the Zombie, Gold non-bubble

Schiff Report Video Blog Dec. 21st 2010

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[XESTISS]

@reefpirate "Several people kind of expected 9/11" Really? I predict that all predictions will be wrong except for this prediction...

Money Is not suppose to be a Store of money! Only morons that try to make money a store of Value in money! I don't care if it is Gold Silver Paper Sea Shells whatever! MONEY IS NOT SUPPOSE TO HOLD VALUE! WHO EVER TELLS YOU THAT SHOULD BE SHOT DEAD!

[XESTISS]

@reefpirate WWIII? Why? EZ are a bunch of clueless economist? All that Austerity does is make Debt to Income higher and removes money from circulation causing fear awhich collapse of the entire economy. That's it! I don't blame EZ it is a fact that 22% Of all US Exports go to the EU. If you think that would not hurt us you are fooling yourself! Why would I invest in expanding when no one in EU has any money to buy what I am producing? That's Financial suicide! China is screwed more than us.

[reefpirate]

@XESTISS Agreed, rosy and collapse are two very different things. However, I figured since we didn't follow the austerity route here in the US that you would have us living the good life by now. You know: print, borrow and prosper right? And now you're blaming the EZ and China for our problems? Trying to start World War 3, are we?

[XESTISS]

@reefpirate Lets get one thing straight rosy and collapse are vastly different correct? Okay! If the EZ was not on the verge of economic collapse with their PS RP idiotic clueless economics! Things would be a lot rosier! Perfect? Hardly. that takes time. Better? Absolutely! As you can read from what I wrote 1 year ago I have been spot on! Why is that? Why is Schiff so dam wrong? I am an Occam's Razor fan.This theory "shave away" all unnecessary information not needed, when making decisions.

[reefpirate]

@XESTISS Ok, so if Europe paid too much attention to Ron Paul and Peter Schiff (lol)... What did the US do? I guess we're done with all our problems and things are looking rosy again thanks to all the stimulus and printing?

[XESTISS]

@reefpirate FIAT is EXCELLENT!! We have historical low interest rates Historical High Bonds Obviously! Dollar index is .80 Never collapsed or hyper inflated etc. Once again Proving I was 100% correct in all my calls!

EZ didn't print enough and chose to listen to Ron Paul and Peter schiff idiotic thought process Austerity! Now they are suffering the consequences like the idiots that they are. Once again proving what I have been saying is spot on 100% correct! Gold has gained $100 WOW! 1yr later

[reefpirate]

@XESTISS So how is the fiat system going these days? Crisis averted in the United States I assume you would argue... But what's going on in Europe? Everything is fine over there now too?

[reefpirate]

@XESTISS Several people kind of expected 9/11. Maybe not that specific event, but it wasn't all that surprising to a lot of people. I'm not sure what you're advocating... I suppose you're trying to argue that fiat paper currencies are better stores for value than gold or silver? That global finance is impossible without paper or something? Make an argument instead of just calling people idiots... That will make this easier.

[XESTISS]

@anxietyawaynow Here you go! Check you PM! independent Chart! Your no where near up "Huge" In fact you are Down "Huge"

[reefpirate]

@XESTISS Maybe you can point me to a better chart.. But buying gold in '73,'74 or '75, you'd be up more than $500 today if it's adjusted for inflation. But this inflation adjustment uses the CPI which conveniently no longer uses food or energy prices in its calculation.