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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...


 

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Sat, 05/04/2013 - 21:09 | 3530831 fonzannoon
fonzannoon's picture

Here is the argument against Schiff

"Maria is wearing her green jacket"

"The federal reserve is on QEinfinity and will probably increase it from here"

How fucking stupid is CNBC and their guest?

Here is a bonus video.

Schiff vs Biderman

http://www.youtube.com/watch?v=MIFGfgKHrwU

Sat, 05/04/2013 - 21:22 | 3530865 FreeMktFisherMN
FreeMktFisherMN's picture

All these people like Goolsbee, Zandi, Mike Norman are full of deceit. 

In fairness to Biderman, at least he has come around to seeing how this whole thing is a farce, although I think he for whatever reason liked facebook. 

Sat, 05/04/2013 - 21:25 | 3530871 fonzannoon
fonzannoon's picture

I just have to chalk biderman up to being completely lost. First he was on Liesman's team and steered his followers into an iceberg. Then he came around to understanding the actual economy and has since tried to get everyone to short the market and destroyed them all over again. In the middle of that he pitched facebook. I mean my god.....

Sat, 05/04/2013 - 21:36 | 3530896 FreeMktFisherMN
FreeMktFisherMN's picture

Yeah, I don't really  know enough about his convictions other than first having seen him on that 'Schiff was right video' and then seeing ZH show his TrimTab videos. He advocated gold, but if he has been saying to short this market, then unfortunately he and his followers have just added short-covering fuel to this farce of a market rise. I would say short the market by buying gold because in real terms that will do well as it has. At some time maybe soon UVXY, FAZ, TZA will be intriguing, but for now it's just ridiculous. UVXY seems to go up like 25% or more in one day then get pummeled back the next as algos buy the dip. 

Sat, 05/04/2013 - 22:13 | 3530972 Awakened Sheeple
Awakened Sheeple's picture

I think those massive pops in UVXY were short squeezes. The crowded short vol trade was highlighted on ZH awhile back.

Sat, 05/04/2013 - 22:28 | 3530996 FreeMktFisherMN
FreeMktFisherMN's picture

Yeah, probably that's it. I think Kevin Henry et al sell vix futures to create the right environment for SPY. 

 

Isn't VIX normally at least around 20? The whole notion that it would be this low with this much debt and this much money printing is just absurd. Can't wait until the crash when the whole XIV 'can't go down' trade ends. 

Of course when the crash comes who's to say peoples' UVXY profits won't be corzined? Just another reason to own gold. When the crash comes I don't think everyone is going to pile into treasuries and the dollar; gold will catch a big time bid, and then after the momentary price crash Ben and  the inkjets will go into full turbo mode and hyperinflation comes. 

Sat, 05/04/2013 - 22:41 | 3531012 Awakened Sheeple
Awakened Sheeple's picture

Yeah, I've been waiting for 2 years for the short trade... But now I'm convinced that the longer they prop everything up, the more devistating the crash is going to be. UVXY would go up a 1000% plus in a bear market and that's the temptation. But it's a derivative of a derivative of a derivative. A financial product like this could end up being worthless.

Sat, 05/04/2013 - 22:48 | 3531025 FreeMktFisherMN
FreeMktFisherMN's picture

just outright shorting might be better, but they'll probably just ban short sales or have circuit breakers or what have you. 

A LOT of people trade UVXY and VXX, so it wouldn't be some small kept secret if there were outright fraud, and those who shorted WaMu and other stocks going into '08 crash profited. 

I think they are playing whack a mole against possible triggers of CDS and other implosions, but eventually they will be overwhelmed. Cyprus should send the message loud and clear to everyone, but again, inflation is the same thing as outright theft, and people need to recognize that. 

Sun, 05/05/2013 - 10:58 | 3531960 spankthebernank
spankthebernank's picture

Those products ARE outright fraud. 

FAZ, VXX etc lose value on a daily basis, even when going up they are losing intrinsic value. 

 

 

These vehicles are a pure symbol of the end of the current system.

Sun, 05/05/2013 - 13:37 | 3532237 FreeMktFisherMN
FreeMktFisherMN's picture

Oh, I know all about the decay inherent with such leveraged vehicles. What I'm saying is that when the stock market crashes, and those products figure to have HUGE gains, I am very paranoid about the profits for being long these products being corzined. But what I was saying is that those short housing stocks and WaMu in the last tumble in '08 did get paid. And indeed many people trade UVXY, so it wouldn't be some thing they could shove under the rug if they don't pay out the profits for people holding these things when the market crashes. Any last remnant of integrity in the market would be gone if those who got it right and shorted mkt/bought UVXY when the market crashed didn't get paid. 

Although again, it is all about risk capital, because at the end of the day possession is 9/10 of the law, and hence why possession of phys. gold and silver is critical. 

Sat, 05/04/2013 - 22:26 | 3530994 wee-weed up
wee-weed up's picture

fonzannoon

"Maria is wearing her green jacket"

Ah......, but is she wearing her green panties embroidered with the name "Bennie" on the crotch?

Sat, 05/04/2013 - 21:10 | 3530836 Haole
Haole's picture

Shit has hit the fan in Demascus after Israeli attack, explosions all over the city, one Israeli F-15 shot down, IDF on the ground.  Allegedly Assad has declared war on Israel.  Hard to get info...

Sat, 05/04/2013 - 21:14 | 3530848 LetThemEatRand
LetThemEatRand's picture

Somewhere in the bowels of JPM, a guy just hit the "buy all equities and naked short the shit of all PM's" button if you're right.

Sat, 05/04/2013 - 21:23 | 3530867 Haole
Haole's picture

Really hard to get information but it looks like this thing is on like Donkey Kong.

 

https://twitter.com/@IsraelHatzolah

Sat, 05/04/2013 - 21:28 | 3530875 LetThemEatRand
LetThemEatRand's picture

How long before there is a claim that Syria used WMD's?  3, 2....

Sat, 05/04/2013 - 21:39 | 3530905 The Shootist
The Shootist's picture

No fuckin way. Ruskies won't be happy.

Sat, 05/04/2013 - 21:42 | 3530908 Haole
Haole's picture

Reports of chemical weapons in play.

Sat, 05/04/2013 - 21:42 | 3530910 LetThemEatRand
LetThemEatRand's picture

Hopefully Putin is out killing a tiger with his bare hands or something and will be distracted by said incredibly macho behavior.   Either way it's okay because he has a good soul etc.

Sat, 05/04/2013 - 21:17 | 3530854 dick cheneys ghost
dick cheneys ghost's picture

Looks like there was a deal then btw Putin and Obummer.....

So after Syria do they partition Pakistan or go right for Iran?

 

Sat, 05/04/2013 - 21:20 | 3530860 fonzannoon
fonzannoon's picture

Obummer did say after he was re elected it would be easier to work something out.

Sat, 05/04/2013 - 21:26 | 3530873 dick cheneys ghost
dick cheneys ghost's picture

Lets see if Putin moves on the Caucasus

Sat, 05/04/2013 - 21:28 | 3530876 fonzannoon
fonzannoon's picture

Dick C what do you think the deal is that they made?

Sat, 05/04/2013 - 21:39 | 3530903 dick cheneys ghost
dick cheneys ghost's picture

The rumor was/is that Putin could have his way in the Caucuses if he backed off of Syria...

Sun, 05/05/2013 - 00:07 | 3531250 Kirk2NCC1701
Kirk2NCC1701's picture

Fonzy, the "something" was the missile defense shield that NATO (US!) wants to put into Poland -- allegedly to protect them from Iran -- but would not provide velocity data to Russia, as a sign that it's not meant to target Russia in a first-strike or retaliation scenario.

Obama supposedly had problems keeping the US Hawks on the leash before the Election.  Supposedly.  What we see is all Kabuki theater anyway.

Sat, 05/04/2013 - 21:21 | 3530864 ghengis86
ghengis86's picture

Just as Gen. Wesley Clark said they'd do

Sat, 05/04/2013 - 22:39 | 3531003 wee-weed up
wee-weed up's picture

Ahhh... good 'ol Wuss-ley Clark...

the original "perfumed" General. Utterly useless!

Sat, 05/04/2013 - 23:14 | 3531092 New_Meat
New_Meat's picture

How dah u suh, insult such a fine gentleman as Ashley Wilkes.  The verry Idea!

- Ned ;-)

Sat, 05/04/2013 - 21:29 | 3530877 Major Major Major
Sat, 05/04/2013 - 21:34 | 3530886 LetThemEatRand
LetThemEatRand's picture

I suppose Wolf Blitzer will cue any minute now to explain how that was a smart bomb that only killed the terr'ists.  Because it's all for the children.

Sat, 05/04/2013 - 21:38 | 3530902 Major Major Major
Major Major Major's picture

Who is it for if not the children?

Sun, 05/05/2013 - 09:12 | 3531759 moonstears
moonstears's picture

Looked Nuke-U-Lar!!! Rut roh. Eerie!

Sat, 05/04/2013 - 22:13 | 3530974 JustObserving
JustObserving's picture

A hot war underway with a potential for a much wider conflict and Zero Hedge does not have a thread on it?  What's taking so long? Reports of massive explosions in Damascus now.

Sat, 05/04/2013 - 23:17 | 3531097 New_Meat
New_Meat's picture

22:51 Eastern, beat Drudge, beat the chaulkboard.

Quitcher bitchen.

- Ned

Sat, 05/04/2013 - 22:58 | 3531049 RafterManFMJ
RafterManFMJ's picture

Israel borders Syria? That's freaky I always thought they bordered D.C. the way they yank our leash.

Sat, 05/04/2013 - 23:03 | 3531056 Ignatius
Ignatius's picture

Both, strangely enough.

Sat, 05/04/2013 - 21:10 | 3530837 Blazed
Blazed's picture

Oh Marrrreeeeeeyahhhhhhh! She needs an alternative to stock, one that rhymes with it.

Sat, 05/04/2013 - 21:12 | 3530841 TheMeatTrapper
TheMeatTrapper's picture

Schiff schooled that bitch  - then pimp slapped her. I think she's one of those that secretly likes to be humiliated. 

Sat, 05/04/2013 - 21:47 | 3530846 RebelDevil
RebelDevil's picture

Another reminder of the now obvious to those who follow the Austrians.
Trying to convince paper bugs why they should own gold is like trying to convince Christians, Jews, and Muslims that the "original sin" is really just the mental illusion called an inflated ego.

Most people are traditionalists or just don't give a shit. #CognitiveDissonance.

Sun, 05/05/2013 - 13:05 | 3532177 akak
akak's picture

 

Most people are traditionalists or just don't give a shit.

More than mere traditionalists, I would say that most people (and increasingly so) are conformists, categorically refusing to not only think for themselves, but automatically always accepting the herd opinion (or what is presented to them as such by the corporate-controlled media).

Sat, 05/04/2013 - 21:14 | 3530849 neutrinoman
neutrinoman's picture

Unfortunately, Maria is so 90s. Nowadays, she's clearly lost.

Sun, 05/05/2013 - 13:05 | 3532178 akak
akak's picture

I would have guessed that she was only in her 70s myself.

Sat, 05/04/2013 - 21:16 | 3530851 fonzannoon
fonzannoon's picture

Listen to that other guest. His only real argument is this bubble can inflate a bit longer before it blows up. He knew he was auditioning for the next "Peter Schiff was right video".

Bartiroma is one serious evil asshole.

Sat, 05/04/2013 - 21:33 | 3530883 One World Mafia
One World Mafia's picture

Evil or drunk.

Sat, 05/04/2013 - 21:41 | 3530906 The Shootist
The Shootist's picture

Just like crazy Cramer. "Everyone knows this won't last forever, but get in now, it's got some room left."

Sat, 05/04/2013 - 22:05 | 3530957 eigenvalue
eigenvalue's picture

Then what do you wanna do to deal with this arsehole? Put your dick into it? :)

Sat, 05/04/2013 - 21:18 | 3530855 Taint Boil
Taint Boil's picture

 

 

Peter Schiff – Mr. Analogy. Need to have more of him here....

Sat, 05/04/2013 - 22:21 | 3530915 RebelDevil
RebelDevil's picture

This is the best post for newbies to ZH to see. Period. Peter is the best teller of the cold hard basics of the present reality.

Forward this to all naive economics students! Wake them up! :)

Sat, 05/04/2013 - 23:21 | 3531108 New_Meat
New_Meat's picture

"naive economics students"

Another winna'!!!!! in the Tautology for Dummies competition.

- Ned

Sun, 05/05/2013 - 03:18 | 3531509 nightshiftsucks
nightshiftsucks's picture

I love peter.........ah schiff that is.

Sat, 05/04/2013 - 21:21 | 3530861 LetThemEatRand
LetThemEatRand's picture

"I have gold on my ears and on my neck, that's one way I own gold."

You just can't make this shit up.

Sat, 05/04/2013 - 21:31 | 3530874 sitenine
sitenine's picture

It never ceases to amaze me that these clowns continue to say essentially that, "yes, I admit that the stock market is up only because of cheep money, but look, this time is different, it's working because the stock market is up." They don't need shows, analysts, or hosts of any kind, as there is no real news that fits their story line of recovery and green shoots for them to report - all they need is white noise and a sign that says, "Don't Fight The Fed."

Sat, 05/04/2013 - 21:36 | 3530893 H E D G E H O G
H E D G E H O G's picture

maria? (chuckle), she is where she is because she's like Jif peanut butter spreading across warm toast, easy.

Sat, 05/04/2013 - 21:36 | 3530897 razorthin
razorthin's picture

I don't believe in striking ladies, but I would gladly give Fartaroma a kick in the hoohoo.

Sat, 05/04/2013 - 21:51 | 3530928 HowardBeale
HowardBeale's picture

"Lady."

"You keep using that word. I do not think it means what you think it means."

http://youtu.be/YIP6EwqMEoE

 

Sun, 05/05/2013 - 03:19 | 3531511 nightshiftsucks
nightshiftsucks's picture

Would that be a "cunt punt" ?

Sat, 05/04/2013 - 21:36 | 3530898 Charles Nelson ...
Charles Nelson Reilly's picture

I get the same treatment around family and friends. I always finish my position w/ Faber's quote, "you'll be in great danger if you don't own some gold"... They laugh at me. It is what it is, I'm ready, they're not.. Fuck it, I've said my peace.

Sat, 05/04/2013 - 21:38 | 3530901 HowardBeale
HowardBeale's picture

Bartiromo, the greatest multitasker of all time: Sucking Jamie Dimon's, aka, Wall Street's cock live while on air with...Peter

I think I will try her left breast, bbq-ed, when the collapse comes and we are forced to eat the lie-ing class...

Sat, 05/04/2013 - 21:44 | 3530913 MFLTucson
MFLTucson's picture

What the hell is anyone doing arguing with this moron?

Sat, 05/04/2013 - 21:44 | 3530914 HD
HD's picture

I would love, LOVE to have Maria debate anyone without a producer talking in her ear. CNBC is full of shills but many of them are intelligent shills - Maria is a mindless, shrieking blow up doll.

Sat, 05/04/2013 - 21:48 | 3530923 Cabreado
Cabreado's picture

This is embarrassing.

Sat, 05/04/2013 - 21:54 | 3530936 Hulk
Hulk's picture

Schiffs sounding just like he did in 07, eerie shit.

Farr's a milk toast, kudlow happy talker, who is going to lose his ass.

Brace for impact Bitchez...

Sat, 05/04/2013 - 22:14 | 3530975 cooperbry
cooperbry's picture

I don't think he ever stopped sounding like this.

Sat, 05/04/2013 - 22:17 | 3530980 Hulk
Hulk's picture

He's ringing the alarm bell again. In between alarm bells, he just sounds concerned...

Sat, 05/04/2013 - 23:40 | 3531182 dtwn
dtwn's picture

He's ringing it louder too.  Many are ringing it louder, K. Bass, etc.  I see them giving the same sort of assessments but much more forcefully.  And with a bit of fear.

Sun, 05/05/2013 - 13:10 | 3532187 akak
akak's picture

I watched this episode live in CNBC, and wanted to reach through the TV and punch that fucker Farr in his cunt when he mockingly said "I've never understood this drug addict analogy" in reference to Peter stating that the current false bubble economy is like a drug addict being fed ever-increasing amounts of drugs in order to try to postpone the inevitable reckoning.  I wish Peter had said "Yeah, you don't understand it, because YOU are one of the drug addicts!".

Sat, 05/04/2013 - 21:55 | 3530938 Fix It Again Timmy
Fix It Again Timmy's picture

If the entire world goes to hell to the point that even gold won't do you much good, at least I'll die knowing I didn't finish in last place...

Sat, 05/04/2013 - 21:56 | 3530942 lolmao500
lolmao500's picture

So no big deal but the shit is hitting the fan in Syria...

Sat, 05/04/2013 - 21:59 | 3530947 Cabreado
Cabreado's picture

Be careful of the tabloid-esque... it doesn't suit you well.

Sat, 05/04/2013 - 22:01 | 3530949 Spectre
Spectre's picture

I just can hardly wait to see those sour/shocked looks on CNBC's faces when the Bond and/or Equities market collapses, live on the TV set.  Makes me about half hard thinking about it.

 

Fucking Cheers.

Sat, 05/04/2013 - 22:07 | 3530961 HowardBeale
HowardBeale's picture

At least this crash will mark "the end"--interpret that how you will--of CNBS and their "anchors"...

Sat, 05/04/2013 - 22:02 | 3530951 bugs_
bugs_'s picture

Be careful Bartiromo may have one in the bomb-bay.  Splash on the sidelines.

Sat, 05/04/2013 - 22:02 | 3530952 FreeMktFisherMN
FreeMktFisherMN's picture

what's funny is that, just after the November elections, Marc Faber was on Bloomberg and they asked him how to protect one's portfolio, and he said to buy guns, machine guns, and that he needed to buy a tank. Moving ahead, aside from the need to protect one's self against government goons and the prospect of roving urban zombies whose food stamps have run out (or the local Jewel-Osco's shelves are now empty) attacking, guns have indeed been one heck of an investment, along with ammo.

Sat, 05/04/2013 - 22:08 | 3530962 e.blair
e.blair's picture

"Copper?"

"Copper?"

 

lol

Sat, 05/04/2013 - 22:13 | 3530971 The Shootist
The Shootist's picture

Don't be caught with a bag of copper folks, unless it's brass cartridges.

Sat, 05/04/2013 - 23:26 | 3531132 New_Meat
New_Meat's picture

"One word: 'Plastics' "

Sat, 05/04/2013 - 22:18 | 3530963 THE DORK OF CORK
THE DORK OF CORK's picture

I would fuck Maria before Schiff or Faber.

 

Given she is probably post menopausal  today she has probably  less surpirses within her box.

 

Schiff or Faber are more likely to produce input heavy babies.

 

What zero hedge people don't seem to get is that the more people the system can make unempoyed or unemployable the higer stocks will go.

Until breakdown that is .....

 

But when ?

 

Schiff

The stock prices are rising because the labour value is being extracted you not so dumb schill.

 

Less interest.

less wages.

 

Any tiny surplus labour /energy value will flow to stocks...............

Sat, 05/04/2013 - 22:46 | 3531022 Quinvarius
Quinvarius's picture

Labor costs are not at all why stocks are rising.  

Sat, 05/04/2013 - 22:30 | 3530999 grunk
grunk's picture

The minute The Bernake stops sucking the Wall Street's dick, it will go limpo.

 

 

Sat, 05/04/2013 - 23:27 | 3531138 New_Meat
New_Meat's picture

The Bernank, "THE FLUFFER" ?

Sat, 05/04/2013 - 22:34 | 3531005 yogibear
yogibear's picture

Schiff will be vindicated. When the US dollar crashes. As we can see, the more the economy weakens the more the fed prints.

Schiff knows the Fed is stuck buying US treasuries because few, other than banks showing up with QE money, are showing up to the treasury auctions.

 

 

Sat, 05/04/2013 - 22:42 | 3531010 W T F II
W T F II's picture

Michael Farr is a Clown.

Maria is Clueless, "we have buyers at the ready" on a dip...??!! HUH..?? Where is the SEC on that one..?

The problem with Schiff is that he went 'all out' and into non-$ denominated assets as the housing bubble was bursting. His "clients" got horribly mangled in the correlated non-$ 'risk-assets' in 08/09. Down 70%+...

Buy the $ here and volatility....let gold fade again, which is HIGHLY likely as the central banks NEED some more for the 'new' currency regime coming soon after the next crash, and then buy sub-$1,000 all day and every day...

Sat, 05/04/2013 - 22:41 | 3531013 ebworthen
ebworthen's picture

"You have to buy stocks..."

No Maria, I don't.

Maria would have been the wench screwing the British soldiers and turning in the Patriots because she thought the King was going to win.

Sun, 05/05/2013 - 00:22 | 3531290 HowardBeale
HowardBeale's picture

Maria Whororomo will be one of thh most hated women in the history of the planet when the final collapse comes; and I'll wager she doesn't live more than a week after it happens--unless she is rehired as a whore of a different sort...

Sun, 05/05/2013 - 04:07 | 3531541 Hengist
Hengist's picture

Just how is that revolution working out for you now......

Sun, 05/05/2013 - 04:19 | 3531547 Bearwagon
Bearwagon's picture

"Got a revolution, got to revolution!"

Jefferson Airplane: Volunteers

http://www.youtube.com/watch?v=-386tjdXpEk&playnext=1&list=PLE4D646A052E...

Sun, 05/05/2013 - 04:46 | 3531560 bunnyswanson
bunnyswanson's picture

Devious and suspicious minds can manage this.  Abhorrence is required.  The American politician fell for it, ran from it, succumbed to it, this mode of operation being applied.

There is no where to go.  The stress is shortening lives already.  Everywhere you look, the decline is evident.  Talking about it only brings to reality the enormity and seriousnous of the situation; we are facing extinction, simply from being unable to provide for oneself and being unable to talk about it, demand to know why, or sleep in a car in the park until we figure something out.  It's a dead end road.  There is no real alternative but to try to find a place for yourself in their employ and pretend it isn't just buying time or face a life of living in destitute conditions.  There is not much one can do if their currency is worthless.  Garotte is tightening and I do nto think they are going to stop until they are done.  You say, ho ho nutty.  but it is already happening in Greece, the other countries.  Elimination of the middle class.  Unless you are King Charles, that includes you.

Then, the day the meek inherit the earth, as the last man falls in what is now a debris field rather than a blue planet, they will say, "they didn't even try to stop it from happening."

This is a mad man's world and I know that no one is supposed to say that.  This is a plan that never should have left the parlor room.  It's a plan made by men with too much time on their hands.  And now, we have to deal with the consequences of their underhanded approach to gain the advantage, reap rewards and leave the game a man wealthier than anyone needs to be.

Sat, 05/04/2013 - 22:46 | 3531020 Debt Slave
Debt Slave's picture

<- Listened to Schiff in 2002 and glad.

<- Ignored Schiff in 2002 and got screwed in 08.

Sat, 05/04/2013 - 22:51 | 3531027 Hongcha
Hongcha's picture

Theyll chop it around 1600 S&P then that will be the base and it will jack to 1700.  Onward and upward, no reason to stop and no one to stop them.

There has been no follow-through on down days; it's like emergency brakes on elevators.

A high stock market is the Messiah's pride & joy.

Sat, 05/04/2013 - 22:53 | 3531035 orangegeek
orangegeek's picture

The channel up from last November is a joke.

 

http://bullandbearmash.com/chart/sp500-daily-1-breaking-1600-q1-gdp-miss...

 

Q1 GDP misses by 26% - earnings results mixed at best - and up and away we continue.

Sat, 05/04/2013 - 22:55 | 3531042 robertocarlos
robertocarlos's picture

Maria has gold. She has money, more than she needs. So if she didn't have gold then she'd be stupid. Is she stupid?

Sun, 05/05/2013 - 08:49 | 3531734 moonstears
moonstears's picture

I feel this is true, too. They all have more Au/Ag than J6P, but their jobs depend on him buying the paper game. Contrarians all, no one talks their book, they talk up what they are about to sell. Paper gold's in a sell off, now. You should sell any pictures of hamburgers you have around the house if you can find buyers right now, but don't swear off edible hamburgers.

Sat, 05/04/2013 - 22:57 | 3531047 Stinko da Munk
Stinko da Munk's picture

The economics are confusing so I'll just go with the one with the tits.

Sat, 05/04/2013 - 23:21 | 3531107 Dull Care
Dull Care's picture

Wow Maria is an idiot. The foolishness parading as the talking heads is jaw dropping.

Sat, 05/04/2013 - 23:36 | 3531169 Downtoolong
Downtoolong's picture

From a risk perspective, Maria can afford to buy stocks. It doesn’t matter to her if the stock market crashes, because, that’s only where she keeps her play money. I’ll bet you dollars to dimes any investments she needs to support her lavish lifestyle is in T-Bills.

It’s disgusting what these spokes-models who learned a few words from the financial dictionary get paid to simply spout the propaganda of their sponsors without any concern for the consequences it has for their gullible viewers or the journalism profession. Bottom line, their position is this: whatever serves my personal interests is right and everything else is wrong for everyone, no matter how many times you blow a hole right through my leading questions, shallow arguments, and false logic. In other words, I’m right because I’m richer than you.

Fuck, she even stole that idea from Jamie.

Sun, 05/05/2013 - 18:35 | 3532827 Notarocketscientist
Notarocketscientist's picture

Maria doesn't care because she knows if the markets crash she can get back into a CEO's private jet and suck and fuck for big dollars.  She is a high money whore.

Sun, 05/05/2013 - 00:01 | 3531227 q99x2
q99x2's picture

The DHS is buying millions more bullets even while under investigation. I don't think they are preparing to attack the Wall Street banksters.

Sun, 05/05/2013 - 07:52 | 3531683 therearetoomany...
therearetoomanyidiots's picture

Mystery solved, they are making it unavailable to us. 

Quietly in the background they've been purchasing all this ammo, while up front Obama makes overtures of taking away your rights to keep you focused on that, something that cannot happen legally.   Always watch the other hand...that is exactly what they've been doing, taking away your right to arm yourself...well most people, the smart ones have been stockpiling, but the general guy that thinks the goverment is there to help you, he will be running down to the store to find that ammo is now 50 dollars for 20 bullets.    

I was lucky, able to get 200 rounds of 40 S&W the other day on sgammo.com   Most of the websites, bulk ammo is NOT available.   Boxes of 20 only...try to buy some 22 rounds online, it's NOT there.   The best round for small game, the type of stuff people could use to feed themselves. 

There is a whole world of shit we'll wake up to soon...

Sun, 05/05/2013 - 09:16 | 3531771 BandGap
BandGap's picture

I use this site to gauge the costs. I have enough for now.

http://www.gunbot.net/ammo/22lr/

 

Sun, 05/05/2013 - 09:34 | 3531792 therearetoomany...
therearetoomanyidiots's picture

thx!

though, no bulk (200, 500, 1000)

Sun, 05/05/2013 - 00:02 | 3531235 kchrisc
kchrisc's picture

Going back and looking at the videos of Schiff being scoffed at before the 2007/2008 crash makes me wonder if we should not have a "Schiff Scoff" index. The higher the frequency and intensity of the "scoffs" the more likely the shit is about to touch high-speed rotating metal.         hujel

Sun, 05/05/2013 - 00:12 | 3531263 kchrisc
kchrisc's picture

"...the minute you take it away, the whole thing implodes." Will be more like a thermonuclear bomb. The economy will implode and then set off the hyperinflationary explosion that will engulf all.      hujel

Sun, 05/05/2013 - 07:58 | 3531689 andrewp111
andrewp111's picture

When it implodes it will be more like watching a supernova from one of the doomed star's own planets. No one will be spared.

Sun, 05/05/2013 - 00:15 | 3531272 Kirk2NCC1701
Kirk2NCC1701's picture

In the Long Run... Schiff will be right.  His long-term call is an easy one to make.  The difficult one to make is:  WHEN? 

Put another way, I know that even my broken clock -- useless as it is 99.9% of the time, WILL be right 2x per day.  That does not mean I want to own or buy one.  In the meantime, the important stat that's key to his EuroPacific investment company, is how good their track record is, compared to everyone else.

"Own bullion" is something I can figure out on my own, and not what I'd want to pay others for.  Savvy?

Sun, 05/05/2013 - 00:44 | 3531336 Manipuflation
Manipuflation's picture

"The way I look at you, you are not a gold owner"

Enough said.

Sun, 05/05/2013 - 01:45 | 3531422 thisandthat
thisandthat's picture

The worst blind is the one who doesn't want to see

Sun, 05/05/2013 - 02:17 | 3531446 Duke Dog
Duke Dog's picture

"......she "is being paid to wait," or is just totally and completely incapable of comprehending...." Folks it is much easier to understand once you accept the fact that these people are psycopaths, not stupid. JD 

ZH readers are doing themselves a disservice if you don't spend a few minutes researching the 3-10% of the population that control the World's major corporations and governments. The majority of the lower level, less motivated, psycopaths are in, or headed to, prison. The others you see on TV (Maria/Cramer etc....), leading your religious organizations, major corporations, and local, state, and federal government.

 

 

Sun, 05/05/2013 - 02:22 | 3531464 Duke Dog
Duke Dog's picture

"

Overt criminality by leaders and passive, unclear thinking by the proles have become the norm. The two go together, creating a symbiotic ecosystem of tyranny. Fraud, theft, and murder have become widespread, just as the scale of lies told and believed have reached new heights. Irresponsibility has become socialized while people in the honest pursuit of good get thwarted.

Those of us who want little more than peace and freedom don't run the world. Pursuing freedom contradicts controlling others, so we can reason that people who pursue power have some motivations separate from our own.

I have not fully comprehended the implications of this until recently. Despite all the evidence to the contrary, I had assumed that the people who wield power feel similarly about moral issues as I do'I just couldn't see why they commit and justify unethical behavior. I already knew that states operate according to a code that the rest of us don't follow in our own lives. Nevertheless, I assumed that a man who acts without regard to moral laws must feel guilty about it. Then, one day, I stumbled onto this idea: Suppose he doesn't.

With only small ambitions, he probably behaves like a common criminal, a predator. He lies to gain advantage, uses force to get his way, and steals without conscience. Not feeling guilty about unethical behavior motivates him to instigate further criminal acts.

Small crime operations have one big problem, namely, the risk of getting caught. The prospect of prison appears unappealing, yet even with the high likelihood of arrest and capture during a career, common criminals approach their field with little sophistication and often pay the price. Other like-minded people see ways to avoid these problems. Just as normal people develop interests growing up and figure out how to pursue them at higher levels, a criminal mind can do the same. With greater intelligence and patience, he can pursue an ambitious career of criminality. With this objective in sight, one can easily see the state as the most expedient means to accomplish it.

Once a criminal joins forces with the state by becoming an employee, he can lie to his advantage, use force to get his way, and steal without conscience, just as the small-time operator does. The opportunities for mischief have no limits through thoughtful job selection. For example, if a man took pleasure in making innocent people squirm, he could become a police officer and plant evidence. For another, if he wanted to murder people, he could become a military officer and 'accidentally' call in the coordinates of a house he'd like to see bombed. Whatever they do, the state shields them from the natural consequences of their actions. In all likelihood, if smart, they never get caught, never get punished, and probably get commended.

Too often, I have assumed that the people working for the state take the jobs only because of the easy hours and good pay, benefits, and retirement. For the predator, though, it offers all these things with the appetizing fringe benefit of satisfying their criminal urges without the risk of retribution.

It turns out this personality type has a scientific name: psychopathic. Lest you think I merely kid you, I quote from Scientific American:

Superficially charming, psychopaths tend to make a good first impression on others and often strike observers as remarkably normal. Yet they are self-centered, dishonest and undependable, and at times they engage in irresponsible behavior for no apparent reason other than the sheer fun of it. Largely devoid of guilt, empathy and love, they have casual and callous interpersonal and romantic relationships. Psychopaths routinely offer excuses for their reckless and often outrageous actions, placing blame on others instead. They rarely learn from their mistakes or benefit from negative feedback, and they have difficulty inhibiting their impulses.

This seems like a nearly perfect description of those who seek political power. That same article goes on to say that fields over-represented by psychopaths may include 'politics, business and entertainment. Yet the scientific evidence for this intriguing conjecture is preliminary.' It turns out that much stronger evidence for this exists than the article lets on.

In the book Political Ponerology, Andrew Lobaczewski claims that about 6% of the people within a population have psychopathic characters. The implications of this, which he recognized soon after World War II, stagger the mind. Moreover, he suggests that another 12% of the population has high susceptibility to psychopathic thought. In a world dominated by hierarchical structures, these people sieze control of the key positions and create a so-called 'pathocracy.' Lobaczewski continues, writing in ways that clearly anticipate the current reality:

Within this [pathocratic] system, the common man is blamed for not having been born a psychopath, and is considered good for nothing except hard work, fighting and dying to protect a system of government he can neither sufficiently comprehend nor ever consider to be his own. An ever-strengthening network of psychopathic and related individuals gradually starts to dominate, overshadowing the others.

Normal people have not considered the possibility that some people who seem ordinary could have no moral inhibitions. They default to believing that their leaders have good intentions. Employees of psychopaths thus carry out plans of their bosses blinded to the reality. No matter the scope of the 'failure,' the leadership can always point back to their stated good intentions and shield themselves from the gallows. In fact, the more harm they create, the stronger the call becomes to vest more power in their failed agency so they can 'prevent' anything of the sort from ever happening again.

Their MO focuses on figuring out how much they can get away with, and we see no signs they have begun to approach the limits the public will accept. Irrespective of the ordeals they create, the vast majority of people give them the benefit of the doubt time and time again and continue in their support of the system. This belief among good people led to the democide of the 20th Century that continues unabated today.

After considering the possibility that psychopaths have taken control of society, we find volumes of evidence to support the hypothesis. Did Hitler, Stalin, Mao, and Pol Pot sympathize with their victims or have any sense of guilt? More recently, among Bush, Cheney, Rove, Rumsfeld, or Clinton , can we point to one who even exhibits a fa'ade resembling normality? Obviously not'these lists name one person after another who has zero accountability to a rational morality. If people like this could make their way to the highest levels of power, what does that say about lower offices?

It suggests people like this have control over the levers of power everywhere. We live at a time when the population at large cannot achieve its wants, yet few seem to know why. As one example, polls consistently indicate that educational matters concern the public, yet decade after decade, schooling gets quantitatively worse. What a mystery! Evidently, if we believe our well-meaning masters, 2,000 years of Western civilization has not yet determined effective ways to transmit key knowledge to younger generations. However, what happens if we suspend our belief in their benevolence for a moment and consider other possibilities? If schools fail to achieve their stated goals over several decades, might some groups see this as a success?

Inhibiting critical thinking in the masses obviously benefits the state and psychopaths. When overtly self-serving, irresponsible, illegal, immoral, irrational behavior gets treated as normal, we can conclude that the educational system works quite well for our masters. I have given but one example, yet the multitude of state functions exists to provide every variety of psychopathic interest with a job. Moreover, we should consider that the state not only acts like a recruitment center for psychopaths, but that psychopaths probably invented the state to take advantage of the rest of us. I can give you no better explanation for the existence of an organization that fails in every ethical dimension and invokes psychopathic thinking at every turn than this........"

http://www.strike-the-root.com/91/groves/groves1.html

Sun, 05/05/2013 - 11:38 | 3532025 kchrisc
kchrisc's picture

So correct. They are NEVER stupid or incompetent, they just don't care. They get theirs today and we get the poverty, camps and blood tomorrow. Anyone that believes otherwise is a fool, especially in light of the recent events and evidence of the past several years.

However, the recent events of the last few years are beneficial in one way, as we now know who they are and where they live.

The Four Rs: Rejection, Revolution, Retribution, Restoration

Reject them, Revolt against them, Retribute them, Restore the Constitutional republic without them           hujel

Sun, 05/05/2013 - 03:28 | 3531516 aicohn
aicohn's picture

When things totally collapse, of course, Butt Aroma will be sitting there with a basset hound expression on her face intoning, "it's not our fault, folks!" the way they all did during the 2008 collapse.

Sun, 05/05/2013 - 07:37 | 3531666 therearetoomany...
therearetoomanyidiots's picture

Once 'they' get everyone invested in the never ending Bull Market, once anybody who has any money left is in the market (based on her 'theory'/script, WHAM, it will fall.  

What will be left is ALOT of poor people with no cash and a very few with ALL the cash.   EVERYONE will be working at the local stop and shop, walmart, mcdonalds etc for 850 an hour and no benefits, trying to pay off ALL the debt they've been conned into purchasing.    This IS coming...you'll see.    "Drudgery, it's not just for the third world anymore!"

And the day this happes, she'll be on there with Becky Quick, both of them with Buffet's potential progeny on their faces, saying, 'well, no one can expect the market to go up for ever."

Sun, 05/05/2013 - 03:51 | 3531528 The Wedge
The Wedge's picture

Well of course financial soap operas are not the place to go for financial truth's. It plays like a Greek tragedy written by Euripides.

Sun, 05/05/2013 - 03:57 | 3531532 BeetleBailey
BeetleBailey's picture

CNBC'S ONLY relevance is when truth tellers/non-bullshitters such as Hugh Hendry are on - and that is their worldwide channel out of London. Never saw Hendry on the US channel. However, even then, the "anchors" (apt: they are lugs of shit) - simply gloss over their comments - and Hendry has laid to WASTE the networks "counter-arguer" - and present the truth-tellers as "loons" "out there".

Witness the treatment Ron Paul got by the MSM and this asinine "network", who shills ITSELF over and over. (Their self-commercial of using Jim Kramer as a "serious investor" are vomit-inducing).

I tune in ONLY for NFP data - ONLY. I miss Santelli, and only get to see him in clips on here. I have to switch off @8:31am as Steve "The leering perv" Liesman is yammering on and on about some nonsense. Even if you AGREE with him, his voice is shotgun cocking inducing.

100% of the rest of the CNBC stateside staff is a Stepford/Borg mouthpiece of the TBTF (ads) and the gubbermint (a collection of power mad assHOLES!)

Bartiromo needs to enema and douche herself until her now-well addled brain and entire body is cleansed of shit.

Chance of that happening are zilch.

 

 

Sun, 05/05/2013 - 12:50 | 3532152 Bam_Man
Bam_Man's picture

Nice rant. All true and well said.

Sun, 05/05/2013 - 04:06 | 3531539 The Wedge
The Wedge's picture

I can also see with my minds eye Maria telling everyone that all is well and to buy, buy, buy stocks as financial Armageddon is well under way just like Baghdad Bob telling reporters in the opening days of the Iraq war that the US military was not in Baghdad as an M1 Abrams tank rolls buy in the background.

I christen thee Baghdad Maria

Sun, 05/05/2013 - 04:07 | 3531540 ak_khanna
ak_khanna's picture

The only thing the Fed can do is print money and hand it over to the too big to fail banks in the form of QE which lead to lower standard of living for all the citizens of a country except for the beneficiaries of the bailouts. The poor people in any country live hand to mouth and do not contribute to tax revenues. The others who earn their living by small businesses or salaries pay taxes at a much higher rate than the rich individuals or big businesses. This is due to the loopholes in the taxation system which enable them to declare maximum profits in countries which have the least tax rates. So effectively in the long run the governments route the money collected as taxes from the middle class of people to the banks so that the bankers can enjoy enormous bonuses. We are in times of privatizing the profits and socializing losses for those who are well connected to the governments and the law makers.

The money which TBTF banks get in the form of QE is used to speculate in currency, stock, commodities and bond exchanges. None of this reaches the main street and hence recovery in the actual economy is not possible through QE. Moreover speculation in commodities like Oil and agriculture products lead to higher prices thus making the lives of the very middle class paying taxes and the poor more miserable.

http://www.marketoracle.co.uk/Article40231.html

Sun, 05/05/2013 - 04:57 | 3531565 Balvan
Balvan's picture

Gold is real money? Can you pay taxes with gold? Can you buy groceries or chewing gum? I don't think so. It's not convenient as a medium of exchange because it is too scarce and too small.

Sun, 05/05/2013 - 05:04 | 3531566 Bearwagon
Bearwagon's picture

Can you pay taxes with credit? Of course you can, and that's why it is no money ...

Sun, 05/05/2013 - 09:11 | 3531761 Village-idiot
Village-idiot's picture

Even when the US was on the gold-standard no one bought chewing gum with gold. We used lower denomination coins made of silver and copper.

eg. A packet of chewing gum cost 10c (a silver dime).

But that was when money was REAL.

Sun, 05/05/2013 - 09:25 | 3531789 wonderatitall
wonderatitall's picture

...must be another obama/bernacke drone. pay your taxes is his fisrt reguest. i say, pay yours

 

Sun, 05/05/2013 - 09:28 | 3531794 bombdog
bombdog's picture

"Can you pay taxes with gold?"

Yes. But you don't pay taxes with gold because the state wants to issue a money that they can manipulate to maintain standing armies and fight perpetual war. It's no accident that gold redemption ended with the Vietnam War, which I assume you know about but conveniently forgot? So paying taxes in imaginary fiat credits isn't as clever as you might think. As for the size of the money stock, you seem to imply that there isn't enough gold to go around, this is a fallacy. Besides, there is also silver and a market economy can function perfectly well with a bi-metallic standard.

Sun, 05/05/2013 - 09:33 | 3531801 Notarocketscientist
Notarocketscientist's picture

I am holding about USD2,000,000 in physical gold coins bought in early 2007 (because I saw the crash coming and exited stocks)

I will not buy groceries with the gold rather I will be buying distressed assets with that when your paper money turns out to be worthless and there is a massive economic collapse.

And when I see you and your family (whom you are FUCKING by not buying gold while you have time) squatting under a tarp in the ditch warming up dog food over a fire of plastic grocery bags and USD, I will have my driver stop and I will say 'hey fuck face remember that stupid comment you made on ZH'   

People like you are just plain fucking stupid.

The FED is printing over a trillion dollars a year - printing money... duh... they are printing money,....  remember Germany... Zimbabwe...  oh right but America is different.... the US can print trillions and that will lead to recovery

Keep on believing that you stupid fucking moron.  You'll be peddling your daughter's ass for a decent meal soon enough 

Sun, 05/05/2013 - 13:17 | 3532200 akak
akak's picture

Nice!

PM owners' schadenfreud: the gift that will keep on giving.

I have zero pity, or sympathy, for blind and willful ignorance.  All those who are too weak or too inured to the status-quo establishment and its corrupt financial and monetary systems to challenge it, or even question it, in any way fully deserve the raping and, in many case, death that they are going to reap as a reward for their endless boot-licking of their current masters.

Sun, 05/05/2013 - 23:27 | 3533387 MagicMoney
MagicMoney's picture

Gold is real money. It has intrinic value. It actually takes work to mine gold. 2 ounces of the gold is twice the value of ounce of gold by real weight. Paper money as money isn't real money. Especially if it's enforced, which can be called slave money. A 100 dollar bill costs the same to manufacture as a 1 dollar bill. It will cost the same to manufacture a 1 trillion dollar bill as a 1 dollar bill. Fiat currency, or paper money has no intrinsic value. It's cost next to nothing to produce, with little effort, no real scarcity.

 

Gold is hard to find, and requires a hefty effort, and investment to mine a lot of gold. Paper money is not. It's fake money. Fake money comes, and goes. Apparently you are ignorant of world history, because you seem to think that fiat currencies actually last. They don't. Fiat currencies, by whatever name, or decree is enforced on the masses, then debased away only to be replaced again by another decree of fiat currency to replace the old failed paper money. Do you know how many times fiat currencies have failed society? You don't, because you wouldn't be making such ignorant statements. Gold is money you can trust, governments only trust paper money, because government is untrustworthy. Fiat currency is based on trust of politicians, and politicians are not trustworthy. Do you even know about Bretton Woods II? I highly doubt it. Gold is based on trust on something real. Simply said.

Sun, 05/05/2013 - 08:21 | 3531707 resurger
resurger's picture

Peter killed her ...

Sun, 05/05/2013 - 09:04 | 3531757 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Clips like this must be bullish for TV sales,I can just imagine the number of gun owners "doing an Elvis" and blasting their TV's to bits after enduring this crap.

Sun, 05/05/2013 - 09:23 | 3531781 Notarocketscientist
Notarocketscientist's picture

Why is she called 'Money Honey'

She looks like a sloppy pig with a face like a tomato

Sun, 05/05/2013 - 12:55 | 3532158 Bam_Man
Bam_Man's picture

She has looked like an unhealthy version of Lilly Munster for at least the last six years.

And I mean no disrepect to Yvonne DiCarlo.

Sun, 05/05/2013 - 09:25 | 3531788 Freewheelin Franklin
Freewheelin Franklin's picture

CNBC hasn't been the same since Gasparino left.

I'll tell you who I do like. I like that Melisa Francis. The other day she referred to the new gas fees in Virginia as government "sucking the last drop of blood" out of people.

Sun, 05/05/2013 - 20:23 | 3533061 mendolover
mendolover's picture

She has cleavage too!  Sorry.

 

Sun, 05/05/2013 - 09:32 | 3531800 Son of Loki
Son of Loki's picture

I hope kermit is watching this and realizing the ONLY way brokers make those big fat commissions is if people buy (and sell) stocks....

 

Sun, 05/05/2013 - 09:53 | 3531841 Winston of Oceania
Winston of Oceania's picture

IT'S A TRAP!!

Sun, 05/05/2013 - 11:24 | 3532000 PiltdownMan
PiltdownMan's picture

Every economist I talk to agrees that a bond crisis is coming ... fast. Wait until banks start lending again and inflation takes off.

Sun, 05/05/2013 - 12:01 | 3532069 rosiescenario
rosiescenario's picture

If some of the gold producers / marketers were to spend some ad money on CNBC, she'd have a sudden change of heart.This show is just one long infomercial brought to you by Wall Street's sell side.

 

Do any of the touts appearing on the show ever give an intelligent discussion of the 'risk' side of what they are pushing? This is why they hate Taleb....one of the few that points out that the emperor's beautiful garb my just be a hallucination.

Sun, 05/05/2013 - 12:39 | 3532133 optionsman
optionsman's picture

complete circus. one cant really evaluate any of the comments made in the video clip. what is the time line we are talking about? is it short term (6-12 months)? is it long term (12+ months)?

Equities reflect short term expectations IMHO.

On the subject of inflation- there too one can have a view on short term path for inflation and reaction to it in the "markets" in addition to having a view on the longer term path for inflation etc. i would also suggest that in all cases but especially the longer term one people have to have the view of global inflation profile. current official inflation stats support continued QE efforts globally.

gold will perform well especially if you expect real rates to decline. I do. 

The question of USD is more complex than to simply state it will implode. what does it mean it would implode? is a decline to low 70's on DXY equivalent to implosion?

In the longer run USD will be a stronger currency than any other fiat IMHO. USD will retain its reserve currency status and that will help reduce negative impact on the US economy from imported inflation. but  that is all in the long run. between now and then there will be plenty occasions when this view would be seriously questioned in the markets. that is one additional reason why i like gold (yes physical).

Sun, 05/05/2013 - 13:17 | 3532202 Keynesian Mess
Keynesian Mess's picture

Does anyone actually take this new comedy channel seriously?  It was like my four-year-old arguing relativity theory with Einstein!  Intelligent viewers have already abandoned all hope for CNBC; it seems intelligent guests probably should as well.

Sun, 05/05/2013 - 14:07 | 3532305 SilverFish
SilverFish's picture

Can someone please get me the contact info for the guy that is connected to the cock Maria sucked on to get her gig? I have some questions.

Sun, 05/05/2013 - 18:14 | 3532801 Pareto
Pareto's picture

+100.  Nuff said. :)

Mon, 05/06/2013 - 04:11 | 3533561 hooligan2009
Sun, 05/05/2013 - 14:15 | 3532325 AynRandFan
AynRandFan's picture

She had good points and so did Schiff.  Gold ownership is a defensive investment, even though it has paid off handsomely over the last 10 years in terms of capital appreciation.  It is a cash alternative, and as such it has appreciated as fear has risen of manipulated markets.  However, as pointed out by Maria, it pays no income.  The hardest thing to get during a deflationary period is income.  That's why people hoard money, because they fear losing their income.  To count out stocks and other liquid sources of investment income is foolish, just as failing to allocate part of your capital to safe investments such as gold would be foolish.

Sun, 05/05/2013 - 18:13 | 3532798 Pareto
Pareto's picture

Portfolio diversification did not escape 2008, and it won't escape  a FED induced ponzi now either.  There is no solace in having, instead of none of my wealth tied up in superfluous paper coupons, 90%, or 80%.  If you understand the thesis, that, for example, the only thing holding (suppressing rates) is the FED bond market, and we call it that because they are the only ones buying) why would you have any of it tied up in this market?  Wait, unless you're admitting its not a market, in which case, you are admitting that it is not a real market and that you honestly believe that you will be the first one to sell first.  Bullshit AynRand.  Both cannot be right.  And neither can you.

Sun, 05/05/2013 - 19:27 | 3532923 AynRandFan
AynRandFan's picture

Few investments last forever, and stocks have done very well over the last 5 years.  Yes, it's a ponzi scheme, and yes it has paid off for all paper assets.  So what if it's a lie?

Sun, 05/05/2013 - 23:12 | 3533368 MagicMoney
MagicMoney's picture

What deflation? You can have reduced economic activity, and high inflation. 1970's USA debunked the myth that inflation is income, and deflation less income. Even as recent case of Venezuela, you can have a poorer economy, and have high inflation. Zimbabwe proved that too which had 80 percent unemployment, and over 1000% inflation. Deflation versus inflation is a obsolete theory, and comes from the mainstream mythical pseudo-economics of the establishment. Inflation is creation of monetary base, or money. Get it right, which the Austrians have for long time now.

Sun, 05/05/2013 - 19:54 | 3532992 Downtoolong
Downtoolong's picture

where's my yield?

Good question Maria. Write it down. You're going to be asking it a lot when this thing tanks again.

Here's to hoping you were long AAPL at $700 on Cramers recommendation.

Sun, 05/05/2013 - 20:09 | 3533018 bobert727
bobert727's picture

"Where else can you put your money" is not, Maria, an investment strategy.  Feels and looks a lot like August 1987 and Late 2007....in that if you were not in the market...you would miss it!

 

Hey Maria....stocks can go down you know. And if you really don't want to fade the Fed, shouldn't you buy what they are buying? And by the way, what is Bernank's exit strategy anyway? Hmmm....I suspect there isn't one.

And just to put it all in perspective....Chairman Bernank has bought the equivalent of 40 quarterly refundings or every quarterly refunding for the next 10 years.  Good luck coming out of that one!

 

Mon, 05/06/2013 - 02:39 | 3533524 Money 4 Nothing
Money 4 Nothing's picture

New QE idea? Print more money and faster than ever. At this point, that's all they can do until the inevitable epic crash that won't even be televised. . 

 

The  "bomb" aka diverionary device exploded right next to the building, not on the street side as illustrated by all culpable parties.

In front of Lens Crafters huh? Nice touch guys. Kinda like Looking Box productions. It's their lense projecting what they want you to see on your box aka boob tube.

The Govt. Is totally allowed to propagandize United States citizens via MSM networks.The USA is about to become a locked down Police State. Get ready or get packing to a different 3rd world Nation. It's a planned and well orchestrated take down folks untill were all either dead or disarmed which ever comes first.This is going to be global, not just the USA.And yea. Chrysler is about to build Jeeps in China. They repealed an old Bill from back in the day which made it illegal to propagandize the US. Go look it up.

Thats why they. Need the Police state installed ASAP.Expect more malfeasance afoot andmore deception and propagandize news.

 

http://enfordummies.com/wordpress/more-proof-evidence-boston-bombing-man...

 

 

Sun, 05/05/2013 - 20:11 | 3533027 mendolover
mendolover's picture

Maria B.  Woof.

Sun, 05/05/2013 - 21:51 | 3533232 egoist
egoist's picture
Do NOT follow this link or you will be banned from the site!