This page has been archived and commenting is disabled.

Bartiromo Vs Schiff: The (Soft) Money-Honey Against The Golden Boy

Tyler Durden's picture




 

Perfectly summarizing the cognitive dissonance of the mainstream media (and their drone-like viewers), this duel of the Soft-Money-Honey Maria B and Hard-Money Golden Boy Peter Schiff was a tragic farce. Maria comes out swinging, "whether this is a manufactured market or not, you've got no alternative but stocks - where's my yield?" Schiff counters, "there are alternatives" - summarily scoffed at (a-la his-housing appearances in 2006/7) by Maria

remember...

 

- "we have a completely phoney economy driven 100% by cheap money; the minute you take it away, the whole thing implodes." And while the 'fight' moves on, we are left thinking they are in two different rings since whatever point is made by Schiff is summarily ignored for the status quo.

"QE will be here until we have a USD crisis and the Fed can't get away with it anymore," Schiff reminds, adding, "There is no exit strategy... the Fed is bluffing; exit is impossible."

The glancing blows continue deep into the late rounds. "The reality is we are living in a bubble; and all bubbles burst," (reminding us of Sam Zell's comments to the very same CNBC anchor a few weeks back), "it's unfortunate we didn't learn that lesson in 2008 but we're about to learn a much bigger lesson." Disingenuous laughter follows at Schiff's suggestion at holding Gold with Maria's anchoring bias loud-and-proud - "I'm looking for alternatives to stocks, and I can't find any."

 

Schiff notes, "the next crisis will be the USD," to which Maria incomprehensibly asks "what currency am I going to own if not the USD?" And this is where the fireworks begin as Schiff dares to suggest "you could just have real money Maria" (just as Marc Faber warned her "you don't own gold, you are in great danger" a few months back).

 

Her response, perfection in its anchoring bias (forgetting the double collapse in stock prices in the last 13 years), "gold? gold! what if I get caught in the largest sell-off in history like it did 3 weeks ago?"

Schiff, almost speechless at the utter inability of the money-honey to see beyond stocks reminds her of the performance difference over the last five years (to which she smugly smiles at his apparent foolishness) and asks why CNBC hasn't covered the $120 surge in gold's price in the last 3 weeks.

"Gold versus dividend-paying securities..." she repeats spell-like, weighing the simple decision (in her mind) since, we are sure, she "is being paid to wait," or is just totally and completely incapable of comprehending that stocks can fall in price and the 'real' price of said securities is being destroyed. "It's not gold vs stocks; it's gold vs the dollar," Schiff educates.

 

Eight minutes of sheer comedic perfection assured to go down in the annals of 'irreconcilable differences' for ever...


 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 05/04/2013 - 21:01 | 3530809 ParkAveFlasher
ParkAveFlasher's picture

I googled "Bartiromo was right".   Couldn't get a single hit.  Then I googled "Schiff was right".  You know what happened?

Sat, 05/04/2013 - 21:03 | 3530820 tmosley
tmosley's picture

Damn, I tried that first one and a fist came out of my monitor and punched me in the face.

Sat, 05/04/2013 - 21:05 | 3530821 LetThemEatRand
LetThemEatRand's picture

I tried the second one and Homeland Security knocked on my door.  I'll take the fist [I meant that metaphorically, officer].

Sat, 05/04/2013 - 21:12 | 3530844 american eyedol
american eyedol's picture

whos kidding who she knows what going on, christ didn't she marry some gaziilionaire

Sat, 05/04/2013 - 21:52 | 3530929 Dave Thomas
Dave Thomas's picture

Mike Norman LOL.

Sat, 05/04/2013 - 22:04 | 3530955 tsx500
tsx500's picture

i'd take dietary tips from Chris Christie before i took financial advice from Mario Buttholearoma

Sat, 05/04/2013 - 22:16 | 3530978 Cornfedbloodstool
Cornfedbloodstool's picture

Funny +1

Sat, 05/04/2013 - 22:36 | 3530989 TwoShortPlanks
TwoShortPlanks's picture

Can anyone spot the person who doesn't own any Gold whatsoever?

I'll give you a clue, it's got a cunt.

Why people waste their time on MSM is beyond me - other than having a bit of fun - coz they're never gonna listen and when it all tanks, they'll be saying "nobody could have seen that one coming".

To the rest of the world the American MSM looks alot like this: https://www.youtube.com/watch?v=B4Q0i-qAXSI

Sat, 05/04/2013 - 23:05 | 3531060 Silver Bully
Silver Bully's picture

'Why people waste their time on MSM is beyond me'

 

You do realize CNBC's viewership numbers are incredibly abysmal, right? No one is watching anymore. Their viewership is shrinking by the quarter. But the Fed and the banksters on Wal St. still need paid shills to do as they're told.

Sat, 05/04/2013 - 23:29 | 3531141 Divided States ...
Divided States of America's picture

Schiff owned Bartiromo in this showdown....but i like the other foo in the fray...he basically couldnt say anything the whole fuckin time...what a clown.

Sat, 05/04/2013 - 23:53 | 3531216 flacon
flacon's picture

I like Marc Faber's slick response: "...but you have a GOLDEN personality". He's so classy - he gently smacks her in the face with reality, but he's also very kind (deliberately patronizing - but in a way that she doesn't comprehend) about it. :)

Sun, 05/05/2013 - 00:43 | 3531334 Taffy Lewis
Taffy Lewis's picture

Marc Faber is always happy because he lives in Asia, surrounded by the most beautiful women in the world - and that want him because he's an old white guy (money matters somewhat but is not that big of a deal). I was lucky to experience it for 10 years.

Yes, I'm waiting for the down arrows from the stupid, pathetic fucks that can't do anything about it and are stuck here in the States.

 

Sun, 05/05/2013 - 01:37 | 3531410 AldousHuxley
AldousHuxley's picture

The accent is what makes the seriousness of his remarks humorous.

You know cnbc is in trouble when they bring in schiff and faber because people aren't buying cnbc's journalists anymore. YouTube historical videos are more credible...

Sun, 05/05/2013 - 07:08 | 3531613 GetZeeGold
GetZeeGold's picture

 

 

 

"Bartiromo and CNBC was wrong".....the box set.

 

Purchase now and we'll send you another copy free.....just pay shipping.

 

The first 100 purchasers get an autographed copy from Steve Liesman....the Siam sofa king stew fed ninja.

Sun, 05/05/2013 - 08:36 | 3531721 jbvtme
jbvtme's picture

when i see maria, i want to go long handcuffs

Sun, 05/05/2013 - 13:40 | 3532240 Bay of Pigs
Bay of Pigs's picture

Aside from Schiff blowing those retards away, the BlowHorn continues to reach new all time lows in viewership and credibility.

Sun, 05/05/2013 - 02:11 | 3531449 LetThemEatRand
LetThemEatRand's picture

I up arrowed you for explaining why old white guys move to Asia.   I hear they have McDonald's too.

Sun, 05/05/2013 - 11:51 | 3532046 Uh Oh
Uh Oh's picture

Yup... Marc does seem to smile a lot.

Mon, 05/06/2013 - 07:27 | 3533670 justinius1969
justinius1969's picture

i bet she loves golden showers....

Sun, 05/05/2013 - 03:15 | 3531503 RabidLemming
RabidLemming's picture

I was watching this , laughing at the absurdity, when my wife chimes in with "does that fucking stupid bitch have a clue how smart Peter Schiff is?"  PRICELESS.

Sun, 05/05/2013 - 06:33 | 3531617 GetZeeGold
GetZeeGold's picture

 

 

I would never call her a bitch....but no way I'm going to stop your wife.

Sun, 05/05/2013 - 07:36 | 3531665 DavidC
DavidC's picture

RabidLemming,
Loved that!

DavidC

Tue, 05/07/2013 - 20:18 | 3539308 jerry_theking_lawler
jerry_theking_lawler's picture

I have six simple words to ask you....does your wife have a sister

Sun, 05/05/2013 - 05:25 | 3531578 bentaxle
bentaxle's picture

 

TwoShortPlanks

"Can anyone spot the person who doesn't own any Gold whatsoever?"

___________________________________________________________________________________

 

Oh she HAS gold all right!

(but, but that would mean she's a liar and doesn't believe what she's saying......)

Sun, 05/05/2013 - 06:48 | 3531628 Room 101
Room 101's picture

-1.  What makes you think she doesn't own any gold?  Just because she's flacking for CNBC and their party line doesn't mean she isn't playing both sides of that off camera.

Sun, 05/05/2013 - 09:58 | 3531849 Bobbyrib
Bobbyrib's picture

"Why people waste their time on MSM is beyond me - other than having a bit of fun - coz they're never gonna listen and when it all tanks, they'll be saying "nobody could have seen that one coming."

 

If Schiff's message is able to reach just a handful of people, then it is worth it. He could be saving lives. If he awakens a sheeple to dollar debasement and that person goes out and buys gold, he just saved that person when the crash hits. Plus it's like free advertising for his company when he goes on the show and it says the name of the company below his picture. 

Sun, 05/05/2013 - 18:50 | 3532851 Frickenkrap
Frickenkrap's picture

i downed you bc of your foul mouth.  This is a family website.

 

Sun, 05/05/2013 - 08:30 | 3531715 Chuck Walla
Chuck Walla's picture

"We Hope!"

~ Mike Farr

 

FORWARD SOVIET!

Sat, 05/04/2013 - 22:00 | 3530940 wee-weed up
wee-weed up's picture

tmosley   "Damn, I tried that first one and a fist came out of my monitor and punched me in the face."

I tried ButtAroma and the stench from my "smellcomputer" punched me in my face!

Sat, 05/04/2013 - 21:21 | 3530863 Alpo for Granny
Alpo for Granny's picture

Tell me Schiff does not a dream lifestyle. He owns a goddamned gold bank and gold company, shreds libtards and neocons on his radio show, then finishes up the day by schooling a retarded Keynesian bimbo.

So fucking jealous of that guy...

Sat, 05/04/2013 - 21:22 | 3530866 fonzannoon
fonzannoon's picture

and after what happened to his dad he has all the balls in the world to get after it the way he does.

Sat, 05/04/2013 - 21:37 | 3530899 The Shootist
The Shootist's picture

He's not always right though, and has some ego to do some of the things he does.

Remember how he tried to get more donations to pay his debt after his failed Republican primary for CT's senate seat? He has no shame sometimes.

He also said he no longer believe the u.s. will see hyperinflation soon which he hammered for so long. So, I take him with a grain of salt. He may be right about the Fed, but their criminality knows no bounds.

Sat, 05/04/2013 - 21:47 | 3530919 HulkHogan
HulkHogan's picture

He's a scumbag.

Sat, 05/04/2013 - 21:53 | 3530933 fonzannoon
fonzannoon's picture

Dude...a scumbag?

wow.

Sat, 05/04/2013 - 23:34 | 3531160 Divided States ...
Divided States of America's picture

Think Schiff makes sense and will eventually be vindicated...but he does have scumbags in his family:

http://articles.businessinsider.com/2012-02-29/wall_street/31109736_1_pe...

He shouldnt be supporting nepotism.

Sun, 05/05/2013 - 06:51 | 3531630 DRT RD
DRT RD's picture

Rather support nepotism that Keynesianism!!

Sun, 05/05/2013 - 07:21 | 3531653 fiftybagger
fiftybagger's picture

So he pays his brother big money, that's the issue?  If you were rich wouldn't you take care of your family too?

Sun, 05/05/2013 - 09:42 | 3531817 dryam
dryam's picture

Hey dumbfuck, $350k sounds like a lot of money until you actually break down the numbers after taxes ($350k goes straight down to $175k) & account for the ridiculous cost of living in Manhattan.

Sun, 05/05/2013 - 10:55 | 3531954 Divided States ...
Divided States of America's picture

Hey dumbfuck, dont do what you cant afford to do. If you find the cost of living in Manhattan too expensive, then move to the other boroughs. If you feel fine dining is too expensive, then go to Applebees. Didnt you realize how we got into the Financial crisis of 2008? Its because of people like YOU who thinks you deserve to live the life. So STFU clown.

Sun, 05/05/2013 - 11:23 | 3531998 ATM
ATM's picture

You think that's the reason for the financial crisis??

I think the reason is because the normal risk/reward equation was thrown in the garbage and everyone was guaranteed not to lose so they took inordinate risks with no possibility of loss. And judging by history, I am right.

The losers didn't lose, they were bailed out!

Who wiped out the risk/reward equation? GOVERNMENT! YOU DUMBFUCK. They made a Churchill Downs where betting on the longshot meant you would either win big or get your money back. Who the hell wouldn't bet at that track. You're blaming the bettors. I'm blaming the track. 

Sun, 05/05/2013 - 11:18 | 3531991 ATM
ATM's picture

No shit. $350,000 here in flyover country would be tough enough with a family of five. I have paid for my 6th year oc private college tuition/housing in Chicago, and my 10th straight year of private HS tuition. Can't imagine how to do it in NYC. My bro has lived there for 35yrs, made big money but doesn't really have much saved beside equity in the house (is that really savings?). His tax bracket is over 50%, his property taxes are over $30k/yr. Shit that costs me 10 grand to do such as put in a new furnace and AC cost him over $30k because of the unions and government bullshit. 

How is it possible to live where he does, raise his kids, not make them debt Peons to the government on less than what he makes?

I think that's the real definition of inflation. The incremental government debt should be added to the cost of living to find the inflation rate each year. They're hiding it in plain view.

Schiff is right. He can't be wrong. The Fed cannot get out of bying, cannot sell the assets it has bought, cannot allow rates to rise ebcause then the sheet will be pulled back and we will see the actual carnage and be horrified. The problem, as Schiff states is that it can't go on forever, but it can go on for a long time.

The problem for investors, citizens and anyone trying to accumulate any wealth is that timing of the collapse in the dollar is unknowable. When it happens, it happens and it will be fast. May be tomorrow and it may be in 20 yrs. I think sooner than the latter but who knows. What I do know is that it will happen and if you are not prepared you will not have time to prepare.

 

Sun, 05/05/2013 - 11:24 | 3532001 YC2
YC2's picture

Cool. Can I have $350k? i mean, since its no bother.

Sat, 05/04/2013 - 21:59 | 3530945 RebelDevil
RebelDevil's picture

A Keynesian you are?

You should know Keynesian economic thought is declared the enemy on this site.
Stick around if you have an open mind though.

Sun, 05/05/2013 - 11:15 | 3531987 Kayman
Kayman's picture

"Keynesian economic thought is declared the enemy on this site."

I would venture that  damn few people that beat the drum of money printing have ever read Keynes; nor those who criticize Keynes.

In Monetary policy Keynes was a sound money disicple. In Fiscal policy Keynes espoused government spending to counter falling private sector demand, only as a temporary measure, and that surpluses from a renewed economy would pay off government debt.

Today the drunkards at the punch bowl- Krugman, Bernanke and their ilk, believe financialization is the real economy. Keynes would bitch-slap both of them.

Sun, 05/05/2013 - 17:54 | 3532776 NidStyles
NidStyles's picture

Except the argument against Keynes isn't just about the liquidity injections. I think that is a point that many Keynesian supporters miss.

 

Krugman is just a stooge, so leave him out of this.

Sun, 05/05/2013 - 23:53 | 3533421 Henry Hub
Henry Hub's picture

You're right! I think most people on this site are really talking about neo-Keynesianism which is an actual perversion of Keynesianism.

Sat, 05/04/2013 - 21:49 | 3530925 fonzannoon
fonzannoon's picture

Who is always right? There is no investing messiah. Fat bloated warren in his bathtub calling into the whitehouse is as close as it comes.

Shiff has said he hopes when the dollar is in collapse the US finally does the right thing and barely avoids hyperinflation...but that there is a good chance they don't and we get it.

Sat, 05/04/2013 - 22:48 | 3531026 kito
kito's picture

Link me to that fonz..because years ago I clearly heard him say that hyperinflation was the flat out end to it....then he does an about face and says the fed and the u.s. will avoid it....

Sat, 05/04/2013 - 23:06 | 3531044 fonzannoon
fonzannoon's picture

link to me where he clearly states the US will avoid it.

I, as you have, heard him waver on hyperinflation. He did not clearly back off anything. he has always maintained a currency crisis is coming along with massive inflation. As for what happens then, he has stated either the US bails on QE at the last minute and goes austerity and we get a collapse that makes 08 look like a picnic or we don't and we get hyperinflation.

I don't know why people get so hung up on him wavering a bit on whether we just get massive awful inflation or hyperinflation. If anything it's just his way of admitting that once the shit starts flying even he does not know where it ends. That's how I take it anyway.

(I have a link of buffet in his bathtub...you want it?)

Sat, 05/04/2013 - 23:15 | 3531095 kito
kito's picture

Well fonz his subtle shift in outlook makes a big difference...austerity strengthens the dollar and makes cold hard cash the real commodity and hyperinflation leaves gold king....so I see his shift in outlook to be very confusing to those who have followed him for years...and I'm too lazy to look for his comment that I know I heard :)

Sat, 05/04/2013 - 23:26 | 3531131 gjp
gjp's picture

Austerity crash or hperinflationary explosion may be uncertain, but both will bing tremendous instability and a social reckoning.
In either case it will be hard to avoid the fallout, but gold makes sense as insurance against economic dislocation.

Sun, 05/05/2013 - 00:55 | 3531341 FreeMktFisherMN
FreeMktFisherMN's picture

exactly. And the price crash that could come will probably be very brief, maybe an HFT nanosecond, as CBs around the globe figure to keep on their Keynesian death path and respond by turning their printers into overdrive, leading to hyperinflation. Hyperinflation is when people flat out quit dealing with the fiat currency as it doesn't retain any purchasing power. It's already happening now gradually as can be seen with buy on dips mentality in PMs.  Hyperinflation as I would define it is when there is total loss of confidence in currency much more universally, + wheelbarrows, etc.

 

Thus, as someone said on ZH a long time ago, if you think you can be first in line to buy gold when that flash crash of equities, commodities, etc. happens, then that's your call. And even that scenario happening is dubious in my mind, because I don't see all capital fleeing to the 'safety' of the USD and treasuries in the big crash. Gold would catch a bid anyway, and the money ALREADY printed is insane.When that debt ceiling crisis came about late summer '11 and the stocks sold off 500 on the DJIA, gold was up $50.

Gold is money, and insurance. 

Sun, 05/05/2013 - 09:24 | 3531786 Big Slick
Big Slick's picture

How can S&P stocks listed be hitting new highs when they are down? (~3 minutes in)

Bulk lies by the bushel

Sun, 05/05/2013 - 00:53 | 3531345 Panafrican Funk...
Panafrican Funktron Robot's picture

Kito, I think you're missing the forest for the trees.  Should the US actually engage in austerity (which it hasn't), the blow would be so crushing as to pretty much guarantee subsequent hyperinflation.  The best case scenario is a managed decline of the USD, and the rails are pretty rapidly falling off that one.  

Sun, 05/05/2013 - 09:25 | 3531784 Big Slick
Big Slick's picture

 

dupe post

 

Sun, 05/05/2013 - 07:25 | 3531656 fiftybagger
fiftybagger's picture

Austerity doesn't mean talking about cutting, it means cutting.  American politicians will never willingly reduce the size of government.

Sun, 05/05/2013 - 11:25 | 3532004 Kayman
Kayman's picture

kito

I know I'm late to this party (I do have another life) but few people knew the extent of the uncollectable debt in the hands of the big New York banks,  so a pile of Ben's new money/credit creation has gone to shore up the past. Ergo, inflation and especially out of control general inflation has had to wait while Bernanke absorbed the undisclosed losses/bad paper of the untouchable banks.

And when someone sells you a poorer product (while it looks the same) at the same price as before, is this measured as inflation ?  When is a widget not a widget ?

Trickfucking is part of the New Normal.

Sun, 05/05/2013 - 12:40 | 3532135 Doctor of Reality
Doctor of Reality's picture

I was just explaining this to friends & family at my 40th B-day party last night! I bought what I thought was the best quality appliances 2 years ago, and they're all crap, CHEAP products! I'm old enough to remember the original microwaves grandmothers used well into the 80's, and my father-in-law's "bait refrigerator" still keeps worms cold after 50 years! So there is certainly a drop in quality that is most definately a form of inflation. Just as inflation is a tax on one's spending power, so too is poorer quality at equal prices an inflationary tax on one's spending power. If people have to replace furnaces, A/C units, appliances... early than they have grown accustomed to, then there goes their ability to invest and save. People have no clue how badly we're being robbed. 

Sat, 05/04/2013 - 22:17 | 3530939 RebelDevil
RebelDevil's picture

Where Peter Schiff is right in this interview: QE will go exponential
Where Peter Schiff is wrong: Bonds will collapse FIRST, THEN the dollar will right behind it. (He called reverse order.)

Where Maria Bartiromo is right in this interview: Green for bullish!!!
Where Maria Bartiromo is wrong: "I'll keep my paper."

Sun, 05/05/2013 - 01:23 | 3531391 A is A
A is A's picture

No way. A bond collapse coming first assumes that the bond vigilante still exists. It doesn't. The bond market is owned by the central banks... Period... and they will be buyers to the bitter end. The only thing that will ever cause a collapse in the bond market is a run on the currency a.k.a. when the market wakes up and realizes the "money" the CBs are printing to buy the bonds isn't worth the paper it is written on.

Sun, 05/05/2013 - 02:13 | 3531455 nightshiftsucks
nightshiftsucks's picture

I think they would crash the stock market before they would let the bond market collapse.

Sun, 05/05/2013 - 03:04 | 3531495 RebelDevil
RebelDevil's picture

A is A, I just had an awesome insight thanks to you.
Debating about which will come first is pointless. They will occur at the same time, because every investor that uses their brain will (eventually) ask him/her self "Why should I buy USTs if they're going to be paid back with highly inflated USDs?"

USTs and USDs are tied together, like yin and yang now. If one collaspes, so does the other in real time. (excluding a lag of about a few hours.) - Same goes for any other money-addict CB with corresponding currency.

Sun, 05/05/2013 - 11:05 | 3531968 PAWNMAN
PAWNMAN's picture

You have to look no further than Spain or Italy to realize who is in control. Do those insolvent countries deserve those low yields? This shit is ALL manipulated, including the Gold market. The only play is to buy physical and wait patiently for the train wreck. ignore any of these "markets".

Sun, 05/05/2013 - 05:28 | 3531581 Wile-E-Coyote
Wile-E-Coyote's picture

I agree Japan is the template. They have to keep PM's down, until they can't anymore. I expect QE in the US to accelerate, remember these guys have the real numbers, not the phoney shit that is fed to the sheeple.

Sun, 05/05/2013 - 09:23 | 3531780 Dr.Engineer
Dr.Engineer's picture

I think you are right.  But I think it will be that they will stuff the PM price downward, print a whole lot of money instantaneously, buy up all of GLD and PHYS, go back up the trucks and carry away real money, and then go long gold.  This is how they will ground the value of the paper money, by backing it with a %age of real money (gold).

Sun, 05/05/2013 - 07:33 | 3531662 fonzannoon
fonzannoon's picture

Rebeldevil if you watch the video Schiff says dollar first, bonds second.

Sun, 05/05/2013 - 07:26 | 3531657 Hobbleknee
Hobbleknee's picture

Yeah, he should've gotten the government to steal the money for him instead of taking voluntary donations  8-|

Sun, 05/05/2013 - 08:11 | 3531696 Nostradamus
Nostradamus's picture

Show us where Schiff said the U.S. will see hyperinflation soon even once.  

Sun, 05/05/2013 - 08:19 | 3531703 fonzannoon
Sat, 05/04/2013 - 21:35 | 3530892 otto skorzeny
otto skorzeny's picture

his track record for his investors is not so great.

Sat, 05/04/2013 - 21:43 | 3530911 fonzannoon
fonzannoon's picture

His track record is "own physical gold and silver".

He also is a believer in foreign stocks, which have gotten battered around over the years.

He has said that interest rates will explode higher one day but he clearly stated not to short treasuries, but instead to play that through precious metals.

He advocates mining stocks, some of which are now gigantic thorns in my ass...

Throw it all together and I just conclude that his analysis is correct and he will just stand in the end zone while all the noise goes on around him until everyone realizes the game is over.

Unlike Bass I believe he is actually looking out for the middle class. Bass's advice is own oil wells and multi family rentals etc....

Sat, 05/04/2013 - 21:53 | 3530932 HulkHogan
HulkHogan's picture

WOW! Stockholm syndrome?

Sat, 05/04/2013 - 21:54 | 3530935 fonzannoon
fonzannoon's picture

Other than calling the guy a scumbag do you have anything else?

Do you see me calling you a stupid fucking sheep?

Sat, 05/04/2013 - 21:56 | 3530943 HulkHogan
HulkHogan's picture

+1. Nice fight. I'll move on now.

Sat, 05/04/2013 - 22:02 | 3530946 fonzannoon
fonzannoon's picture

I like you Hulk, I defend the guy a lot so I can understand the stockholm reference. He is the guy who woke me up. So I feel like I need to clarify his stance as I understand it. That being said he is certainly human and to say that he has been "early" on a decent portion of his predictions is probably being nice.

I will also move on now as well. later man.

Sat, 05/04/2013 - 22:27 | 3530995 HulkHogan
HulkHogan's picture

You can like whoever you want, it doesn't bother me one bit. And I like you too. But I don't respect any seller that is running around saying everyone is going to die, and only they have the cure. So, it's not just Schiff I have a problem with either.

 

Sat, 05/04/2013 - 22:32 | 3531001 fonzannoon
fonzannoon's picture

he is saying get out of the dollar. pull up a long term chart of the purchasing power of the dollar and things come into focus.

Everyone is selling something. the only question is whether or not you need what they are selling. Everyone has to make their own call regarding that.

Sat, 05/04/2013 - 22:46 | 3531021 HulkHogan
HulkHogan's picture

If these sellers cared about the public and making gold a real currency, then they could do a mathematical calculation of retrievable gold in the ground, plus that circulating, tie that amount to the 30 note, write up a bill and pass it around governmental positions of power, and make gold legal tenure. For the public to agree and for the politicians to allow it, the case has to be made in a positive fashion. Selling fear never succeeds. It's the reason anti-war, anti-drugs, anti-anything don't work, but freedom marches against segregation and the like, do.

Goodnight Fonz, I have work to get done still tonight.

Sun, 05/05/2013 - 09:18 | 3531772 Agstacker
Agstacker's picture

Did you mean legal 'tender'?

 

 

Sun, 05/05/2013 - 09:40 | 3531812 Wile-E-Coyote
Wile-E-Coyote's picture

Leave him alone he has been slam dunked on his head several times during his career. There is bound to be some damage.

Sat, 05/04/2013 - 22:39 | 3531011 ebworthen
ebworthen's picture

So...you buying stocks?

Sat, 05/04/2013 - 22:47 | 3531023 HulkHogan
HulkHogan's picture

Bonds

Sat, 05/04/2013 - 22:52 | 3531033 RebelDevil
RebelDevil's picture

You're gonna get screwed man. The bond collapse will be the "Black Swan" event that will crash the entire system.
According to Max Keiser and John Willams, bonds will go boom any moment now.

... or they may be early. Still, it doesn't matter, as it is inevitable. Who knows how long TPTB can extend and pretend?

Sat, 05/04/2013 - 23:29 | 3531143 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Won't happen. They'll refinance all the existing bonds into the new FRN bonds they are planning to issue next year to keep the government from defaulting and if that don't work they will pull out the guns as a matter of survival. They do that they can stop QE which may destroy the economy and push it into a depression and force the government to cut down spending but it will keep the debt from exploding since they can fix the interest rates on the FRN bonds. Treasury bonds will be THE last safe paper haven backed by the US Government since once that goes so do they. You may not be able to get anything more back than principal on them when they come due but that is as safe as it gets in the paper markets as long as the government is standing.

Sun, 05/05/2013 - 00:00 | 3531214 RebelDevil
RebelDevil's picture

I like your analysis, but New Issuance I think is more important than already existing bonds.
When everyone but the fed loses confidence in USTs, then the US Government will be monetizing the deficit by 100%, as the fed would be the only buyer of new issuance. Do you think banks will be able to hoard mountains upon mountains of cash from light-speed QE and be able to keep it out of the economy? I think not! - When it happens, the US will be buried in paper, and become Wiemar. (the entire globe will feel it with massive paper increases also.) 

But try to prove me wrong man. I'm always open to those who may be more enlightened.

Sun, 05/05/2013 - 00:22 | 3531291 chdwlch1
chdwlch1's picture

Over $1.2 quadrillion in gross derivatives exposure (90%+ owned by TBTF banks). Plenty of room to spend mountains of cash outside of the "real" economy. Coincidence that Blythe Masters came up with the idea for derivatives? Unfortunately, I think there is room to continue the charade due to the circle-jerk of US Gov, Fed, and JPM...

Sun, 05/05/2013 - 02:50 | 3531485 RebelDevil
RebelDevil's picture

and I just remembered the europe connection. shit.
No matter how bad the shit gets, all the new dollars may go to Europe. Maybe they'll get hyperinflation over there in the eurozone via forex.

Sun, 05/05/2013 - 02:53 | 3531489 Bearwagon
Bearwagon's picture

Just imagine the europe connection taking all that dollars and buying american shit with it to do their buddies a favor, and that inflation problem solves itself ....

Sun, 05/05/2013 - 07:49 | 3531680 ParkAveFlasher
ParkAveFlasher's picture

That's happening.  The banks are financing m&a and then complicitly facilitating the writing down of the fluff in the acquisition price as goodwill.  It will continue to happen until it can't.  Every tactic to forestall inflation is a one-shot that can't be repeated.  

Sun, 05/05/2013 - 08:42 | 3531728 chindit13
chindit13's picture

Pedant that I am, let me correct a few things.  Total gross notional of derivatives is below a quadrillion (if that makes anyone feel better).  Blythe Masters did not come up with the idea of derivatives, some form of which have been around since Babylon.  She is credited with coming up with the idea of Credit Default Swaps, which is simply a derivative that acts like a private option on a bond issuing entity, albeit carrying both credit and counterparty risk.  At present, the gross notional value of all CDSs is about $13 trillion, and net notional is $955 million.

Thus, if it's any consolation in a world with $65 trillion GDP and assets with a supposed value of $225 trillion, we will be carpet bombed to death rather than get Tsar Bomba'd, at least by CDSs.

Sun, 05/05/2013 - 10:51 | 3531946 chdwlch1
chdwlch1's picture

Thanks for the info.  I believe the first estimate of gross notional derivatives exposure (by the IMF?) was $1.2 quadrillion and everyone shit their pants. They subsequently changed how they came up with the estimate and released the relatively small $700 trillion estimate. If you have a source for the real number, I'd be very interested in that information...

Sun, 05/05/2013 - 11:58 | 3532065 Kayman
Kayman's picture

chindit13

"$65 trillion GDP and assets with a supposed value of $225 trillion,"

I am so far removed from any macro numbers, so tell me, what is the matching GNI numbers for our $65 trillion GDP ? And in compiling GDP, what is the total Government proportion ?

In calculating Assets of $225 trillion, does this include IOU's and bank assets- ie, someone else's debt ?  In summary, what are real tangible assets and what are paper assets ?

Thanks in advance.

Sun, 05/05/2013 - 05:19 | 3531573 MiltonFriedmans...
MiltonFriedmansNightmare's picture

@Rebel, you've got events out of sequence.  Assume the yen crashes first, then take it from there.  Where does that leave the world's reserve currency? The cleanest dirty shirt theory may apply.

Sun, 05/05/2013 - 08:46 | 3531731 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The question is this, if they stop QE does all the money bottled up in the stock market all of a sudden flood into the economy or just causing an explosive case of inflation first or just evaporates (since it is basically 1s and 0s and really rehypothicated and deflation hits with no inflation first or not. I'm not sure the answer of that but deflation I am pretty sure will be end result. If they keep up QE deflation is going to happen, it is going to happen anyways when the bubbles all burst. They can't create inflation by bubbles if people don't have money. Take housing for example you build all the new houses, price them as high as you want, if people can't buy you have to bring down the price or give out mortgages to high risk individuals and families to keep up prices, it can't be sustained and will crash like every other bubble. There is no long term goose left with asset bubbles now if wages and jobs aren't at par to support prices necessary for inflation and hasn't been since 2008. If they don't stop QE deflation is still going to happen and here is why, the money keeps being mis-allocated the end result with all companies even ones who listed on the stock market paying dividends need revenues to exceed expenses, that is cold hard reality when no one is buying anything except for the bare necessities first they will cut operating expenses to the bone, lay off workers etc. when all that fails since people still don't have money and aren't spending then they have no choice but to cut margin next aka price decrease aka deflation when it happens across many sectors. It is going to happen if QE continues indefinitely. I agree new issuance is important but this is where Japan comes in to bridge the gap as long as Abenomics is in effect, which is a variation on the Asian joke if it moves, eat it, Abe will buy our bonds since they are vassal state to the US.

I should have stated on the FRN bonds they will refinance existing bonds held by the FED and probably Japan also into FRNs to put off payment of bonds coming due in the short term to hold down interest rates by doing a Wimpy J Wellington method of paying next Tuesday by extend and pretend as long as they can guarantee the current accrued amount including principal.

Sun, 05/05/2013 - 12:12 | 3532082 Kayman
Kayman's picture

"The question is this, if they stop QE does all the money bottled up in the stock market all of a sudden flood into the economy "

Don't mix up stocks (not share certificates) and flows. The only money "in" the stock market is what flows daily. If you wanted to liquidate the stock market, prices would plunge faster than you can grab your ass.

What the Wizards behind the curtain are doing now is providing the liquidity so that the JPM's and the Goldmans of the world can buy and sell target assets, the stock market being one, so that the illusion of rising asset prices can be achieved.

If we were in a real economy, you would be collecting 3% plus on your savings, net of inflation, at your local bank. But why would our self-appointed Financial Royalty pay you 3 %, when Bernanke gives them money for nothing ?

Sun, 05/05/2013 - 01:32 | 3531403 A is A
A is A's picture

Exactly. FRNs are to the federal government what forever stamps are to the post office or another increase in the payroll tax is to SS. One last grasp at the straws to perpetuate the Madoff scheme before the ponzi is finally revealed in plane view.

Sat, 05/04/2013 - 23:33 | 3531152 chdwlch1
chdwlch1's picture

I don't think the bond market will crash until the TBTF banks are positioned for it.  Their re-positioning will begin when they shift from their current Treasury holdings into the soon-to-be offered floating rate notes (Q4-Q1). That's when I plan to cash out of this paper mache market...

Sat, 05/04/2013 - 23:58 | 3531228 RebelDevil
RebelDevil's picture

We know this for sure: JPM is fucked!
http://www.youtube.com/watch?v=QCM7rMIqxmk

When bonds implode, gold and silver will explode.
When gold and silver explodes, JPM implodes. (because of the massive shorts.) 
If JPM implodes, stocks as a whole will implode.

You might be right, it could be the case that goldman and the rest of them won't let it happen until they position themselves properly. Maybe JPM will somehow reverse their shorts and save themselves.

I am the only one who sees this almost inevitable chain reaction? Why is no one talking about this chain?

Sun, 05/05/2013 - 05:25 | 3531580 MiltonFriedmans...
MiltonFriedmansNightmare's picture

@Rebel, is it possible to draw an analogy to the Lehman sacrifice on a sovereign level.  If you buy the theory that PD's are occaisionally fed to the wolves for the "team" so to speak, I wonder if sovereigns can play the same role on the world stage.  The Lehman sacrifice has bought 5 years to date.  Could a Japan sacrifice do the same?  Is that the real purpose of kamikaze Abe?

Sun, 05/05/2013 - 01:49 | 3531432 Tango in the Blight
Tango in the Blight's picture

Max Keiser told listeners of the Alex Jones show last year that the big crash would happen before April 15, 2013.

It didn't.

 

 

 

 

Sat, 05/04/2013 - 22:59 | 3531050 nmewn
nmewn's picture

Thats a bet interest rates will go micro-lower cuz they're at the wall now...its also Fed put/QE4evah dollar devaluation.

Choose wiser ;-)

Sun, 05/05/2013 - 01:05 | 3531367 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Let's not forget the BOJ. IMO, the yen will likely be the first currency to collapse (the BOJ's printfest makes the Fed look conservative).  The yen carry trade is now propelling risk assests (and Euro junk bonds) as well as treasuries. Don't forget the law of diminishing returns when it comes to QE (it's all about the flow).  QE effects have largely worn off.  If not for the insane BOJ printing, the Fed would have had to increase QE. That's why Abe was "encouraged" to go kamikze (giving Ben some slack). When Japanese institutions get nervous and start selling yen with both hands, that will be the end game....

Sun, 05/05/2013 - 01:07 | 3531371 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Yen Cross, you're take on this would be very helpful.

Sun, 05/05/2013 - 01:08 | 3531373 MiltonFriedmans...
MiltonFriedmansNightmare's picture

oops, your....

Sun, 05/05/2013 - 00:57 | 3531356 Panafrican Funk...
Panafrican Funktron Robot's picture

Lets review the CB play:

Long phys

Short paper gold

Long govvy bonds

Long stocks

If you're long bonds, stocks, or phys, you're basically piggybacking the CB's (on a global basis).  

 

Sun, 05/05/2013 - 00:58 | 3531357 Panafrican Funk...
Panafrican Funktron Robot's picture

The reason to go phys is that whether you are long the CB play or not, you're going to come out with a win. 

Sat, 05/04/2013 - 22:50 | 3531030 nmewn
nmewn's picture

lol...hope to hell he's selling them. There can be no profit if you never sell.

Woof woof woof ;-)

Sat, 05/04/2013 - 23:19 | 3531103 kito
kito's picture

Fonz he on tv way too much to be looking out for anybody.....but himself ;)

Sat, 05/04/2013 - 23:33 | 3531149 Jam Akin
Jam Akin's picture

That's right.  In video veritas...

Sat, 05/04/2013 - 23:33 | 3531153 kito
kito's picture

outside of gold and silver, which has done nothing in 2+ years, his calls have been terrible.....i only point this out because i give him credit for avoiding the united states in every way shape and form.........but as a fiduciary who needs to cater to the "show me the money now" herd, he isnt handling it too well.............................

Sun, 05/05/2013 - 09:39 | 3531807 fonzannoon
fonzannoon's picture

Kito here is the deal as I see it. I know you are hung up on Schiff wavering on hyperinflation. My point is, if we get to the point where Schiff wavers, inflation has hit so hard that the dollar is substantially lower against everything. So gold will have massively appreciated. At that point we are in the Kyle Bass camp. The dollar is still alive, but is basically wompum. From there austerity is almost pointless because everyone will be broke anyway.

So it is you vs Bass and Schiff.

Your scenario, which I find absolutely plausable is...

Dollar sells off hard....eventually taking bonds with it. Interest rates spike and that takes down the banks. Kiss all your digital dollars goodbye. Cash is king.

That argument has convinced me to hold cash. There could be a period where as the dust settles, cash rules the day. After it is settled whatever new currency asserts itself, is where gold will come into play and cash will finally be trash.

Now you are a big Remnimbi guy, so maybe you hold a bunch of Remnimbi (cash I hope because any Bank of China Remnimbi will be Corzined) instead of gold. It's possible you will be okay with that.

What I find interesting, is that you (as far as I know) own zero gold. You are so convinced that a dollar collapse means cash is king (which is a somewhat flawed, somewhat plausable argument) that you have no need to diversify or hedge yourself even a little. Why not hedge your bets just a bit?

Think about it. Thanks to you I am hedged for either scenario. But you have only a 50/50 shot and I have a better chance of giving you shit when we are in our state required mandarin class in a few years.

 

Sun, 05/05/2013 - 10:12 | 3531876 kito
kito's picture

'mornin fonz........HAPPY CINCO DE MAYO!!!!!!................all that ethnic/cultural/religious vitriol on the other post left me with poor quality sleep.......but i dont see a dollar crash as much as i see every asset filled with dollars crashing...........and im starting to believe more and more that the u.s. model will follow cyprus....we will see the politicians telling americans....tough luck...they will go captain jack on americans retirement funds and convert them.....they will pilfer and confiscate as much as possible.........they will cut programs...............they will do whatever they want because americans are being conditioned more and more each day to accept Uncle Sam....................to do whatever Big Brother says for the benefit of society............for the "safety" of america...............why didnt americans take up their arms when the govt made private possession of gold--which WAS CURRENCY back then?????? americans were a hell of alot more independent back then......... so you think today the govt has to hyperinflate to keep the sheep from getting upset??? congress and the prez wont care about pleasing the people when this all goes down.......they will all be told to shelter in place......................now you are right....that nobody can no for sure of anything in the future.................and for that reason i should be more diversified

Sun, 05/05/2013 - 10:36 | 3531905 fonzannoon
fonzannoon's picture

I am no historian but back then they all got suckered into the US buy bonds War propoganda right? I think that would fail today but let's not get into that.

To your point....If we go the Cyprus/Captain Jack on us then that puts us in the Capital controls scenario where cash is king. I think that also throws us into the depressionary bond collapse scenario that takes the dollar with it. At some point a new currency is issued and the US is no longer calling the shots. We are full blown Soviet Union piss broke mode. If they go that route all bets are off all over the place and I am in a canoe to Cuba where I am sure I will be welcomed with open arms.

Let me ask you this...why go the Cyprus route? Why not collapse the market and blame wall street bigshots all over again? Then have the gubbamint come in and offer each individual a 20% boost on their post crash principal in exchange for a 4% interest rate on their principal which they concede ownership of in exchange. Now we have established the bad guys are not politicians and instead of Cyprus the sheep go running with open arms to the gov't.

The only question is can they pul that move off without collapsing the bond markets, the dollar and the banks.

I gotta run. have a good day man. let's catch up later about it. Diversify.

 

Sun, 05/05/2013 - 10:45 | 3531894 dryam
dryam's picture

Your attitude exemplifies the short term perspective of wanting immediate reurns that has dominated much of Wall Street over the past 20+ years.

Schiff did well shorting subprime, & has done well with foreign stocks if you go back about 10 years. He'll be the first to say he does not make short term recommendations. He is not a trader. His perspective is that he's going to build his financial house on high ground, sit back & watch when the financial flood eventually comes. Many others are down in the valley trying to pick that last bit of fruit not even realizing they are in a valley. His predictions are the type that appear very wrong until they become absolutely right such as subprime, the housing bubble, and the financial crash in 2007 that made it very apparent that economy is extremely sick.

He's like an electrical engineer that has calculated that a wire has a large amount of electricity flowing in it. Financial dipshits walk up to Schiff & the wire & tell him they can't "see" any current flowing and they proceed to piss on the wire to show how wrong he was.

I would just be careful about what your pissing on.

Sun, 05/05/2013 - 08:50 | 3531737 augustusgloop
augustusgloop's picture

Bass is correct: 

Single family rentals (i.e. houses) are maintenance nightmares for a landlord. the groups that bundling single family dwellings as investment vehicles are morons.  Multiple family rentals (think 4plex section 8 housing)  are affordable to many middle class investors. 

Oil wells you can own by having shares direct registered in a quality E&P company. That's easier than real estate. 

Bass advocates gold as well--"just buy it and look again in 10 years." 

 

 

 

Sat, 05/04/2013 - 22:32 | 3531002 Aeternus
Sat, 05/04/2013 - 21:41 | 3530907 Skid
Skid's picture

Yes I know, I also googled Bartiromo Goes to Washington and nothing, then Mr. Schiff Goes to Washington and I saw a super awesome video about Peter schooling congress. 

Sat, 05/04/2013 - 21:45 | 3530916 HulkHogan
HulkHogan's picture

...you got zero hits again? How many years has Schiff been blabbering about  hyperinflation again?

Sat, 05/04/2013 - 22:19 | 3530983 Cloud9.5
Cloud9.5's picture

A little longer than he blabbered about the housing market blowing up.

Sun, 05/05/2013 - 02:36 | 3531475 nightshiftsucks
nightshiftsucks's picture

You live in fantasy land,we got out of the Tech bubble with the housing bubble,what bubble are they creating now ? Schiff is right but his timing is off.When this goes it will be the end of the USA as we know it.My finishing move is my benelli M4,whats yours ?

Sun, 05/05/2013 - 00:33 | 3531144 Al Gorerhythm
Al Gorerhythm's picture

There is no excuse, for anyone this connected to the electronic information highways, to be this disconnected from reality or so disingenuous, especially after their pre-crash derision of anyone remotely thinking that there was something wrong. The snickering, outright guffaws and offensive ridicule of the man and not the idea, are the hallmarks of the feeble minded and philosophically lazy. The crash of '08 should have been evidence enough to induce a moment of reflection about their position and behaviour, but the ensuing economic chain of events which can be directly linked to it (GFC), shows off this innately self-destructive system for what it is.. That they refust to investigate shows that there is no saving these fools from their own folly.  

Sun, 05/05/2013 - 01:49 | 3531430 TwoShortPlanks
TwoShortPlanks's picture

I Googled 'TwoShortPlanks Is A Cunt' and lost my monthly bandwidth.

Sun, 05/05/2013 - 04:56 | 3531564 Balvan
Balvan's picture

Even broken clock is right twice a day. Schiff is old news, he's unable to adapt his beliefs to realiy. Year ago he said Dow would go down, and gold, silver and miners would go up year from now (back then).

Sun, 05/05/2013 - 07:39 | 3531669 markettime
markettime's picture

I wonder how much plastic surgery Bartiromo has had. I keep waiting for her face to melt for some reason. 

Sun, 05/05/2013 - 08:31 | 3531717 cabtrom
cabtrom's picture

All i want to know is what is APMEX doing with the money they get from the sale of silver and gold? are they investing their proffits in the stock market?

Sat, 05/04/2013 - 21:13 | 3530810 takeaction
takeaction's picture

Golden!!

 

Sat, 05/04/2013 - 21:01 | 3530812 proLiberty
proLiberty's picture

Keynesians start by confusing money with wealth.

Sat, 05/04/2013 - 22:11 | 3530968 RebelDevil
RebelDevil's picture

+1 Money are units that represent wealth. Inflation/Deflation is when the ratio between valued wealth and the number of representative units change; or basically when the value of the unit changes.
Analogy: Think of a pizza pie, wealth is the pizza, money are the slices.

How am I on my definition here?

Sun, 05/05/2013 - 00:01 | 3531234 Kirk2NCC1701
Kirk2NCC1701's picture

Money is the MEDIUM of Exchange between things of value, whereby Things of Value are Goods and Services.  All money is based on common (mass-market) faith that others will accept the unit that you accepted.

This Medium of exchange can be metal-based, paper-based or electronic-based.  People who ridicule the electronic version of BTC are being hypocrytes, insofar they use Debit or Credit cards -- which are also electronic.

The issues of the Supply of money, its creation 'Cost' (free or debt-based) and Issuing Authority are seperate issues -- different pairs of shoes.

Sun, 05/05/2013 - 02:44 | 3531477 RebelDevil
RebelDevil's picture

and both definitions go together. :)

Sun, 05/05/2013 - 03:02 | 3531494 Panafrican Funk...
Panafrican Funktron Robot's picture

"Money is the MEDIUM of Exchange between things of value, whereby Things of Value are Goods and Services."

What if the money also has inherent value in and of itself, in addition to being a medium of exchange?  What if the money wasn't based on faith, but rather the value of the money itself via scarcity and intrinsic utility?

Sun, 05/05/2013 - 03:13 | 3531501 RebelDevil
RebelDevil's picture

Yes, true money is gold, silver, ect. duh. :)

I was talking more about paper money (backed by gold or not) in my orignal post. I should have clarified.

Sun, 05/05/2013 - 03:17 | 3531506 Bearwagon
Bearwagon's picture

"Gold is money, anything else is just credit" - and ain't it so ...

Sat, 05/04/2013 - 21:02 | 3530815 fonzannoon
fonzannoon's picture

Thank you for posting this Tyler. Everyone should watch what a liar (bartiroma) looks like when they are completely exposed.

Sat, 05/04/2013 - 21:08 | 3530830 DoChenRollingBearing
DoChenRollingBearing's picture

IIRC, Maria B's husband is Robert Eiger, is or was CEO of Disney.

She is a complete shill.

Sat, 05/04/2013 - 21:11 | 3530840 LetThemEatRand
LetThemEatRand's picture

See you at camp!

Sat, 05/04/2013 - 22:37 | 3531008 DoChenRollingBearing
DoChenRollingBearing's picture

Indeed, Building 16, Compound 3, FEMA Camp 116 (Belle Glade).

At this rate, we'll all be there!

Sat, 05/04/2013 - 23:35 | 3531165 Jam Akin
Jam Akin's picture

See you at indoctrination.

Sun, 05/05/2013 - 02:49 | 3531483 nightshiftsucks
nightshiftsucks's picture

Amusing but I myself prefer to die fighting the man.I already told my wife that I will not be a sheep.As long as my family is out of the way I will go down fighting.

Sat, 05/04/2013 - 22:00 | 3530948 Diablo
Sat, 05/04/2013 - 22:37 | 3531007 palmereldritch
palmereldritch's picture

Yeah...Maria needs a disclaimer or at the very least... a tattoo of the logo of her hubbie's 'active ETF' Co. on her cleavage

Sat, 05/04/2013 - 22:46 | 3531019 DoChenRollingBearing
DoChenRollingBearing's picture

I stand corrected, Diablo, thank you.

She is still a shill though...

Sun, 05/05/2013 - 02:27 | 3531470 LetThemEatRand
LetThemEatRand's picture

The devil is in the details.  

Sat, 05/04/2013 - 23:04 | 3531055 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

deleted

Sun, 05/05/2013 - 01:48 | 3531428 bitgroin
bitgroin's picture

I'm definitely on Schiff's side, but it amazes me that the commenters here seem to lack access to Wikipedia. It's not that hard to check who her husband is. (Hint: Not named Eisner.) Also, Mary Matalin's husband is James Carville. Does that make her a Democrat?

Sun, 05/05/2013 - 10:44 | 3531931 hoos bin pharteen
hoos bin pharteen's picture

No, just a dipshit.

Sun, 05/05/2013 - 09:51 | 3531833 IrritableBowels
IrritableBowels's picture

Well, you don't recall correctly, and a simple search could've remedied this.

From Wikipidia:

"In 1999, Bartiromo married Jonathan Steinberg, chief executive officer of WisdomTree Investments, and son of financier Saul Steinberg"

 

 

Sat, 05/04/2013 - 21:02 | 3530816 ShortTheUS
ShortTheUS's picture

Gold will recover its losses. CNBC's ratings won't...

Sat, 05/04/2013 - 21:07 | 3530828 Seasmoke
Seasmoke's picture

yeah, but can Peter suck a dick while having a finger in your ass, as good as Maria can ???

Sat, 05/04/2013 - 21:19 | 3530858 ghengis86
ghengis86's picture

Don't know if you're trying to be funny or serious, but regardless you're spot on in either case and you don't know how correct you are. +1 to you sir!

Do NOT follow this link or you will be banned from the site!