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Fireworks Fly As Peter Schiff Warns "An Economy That Lives By QE, Dies By QE"
Ahead of tomorrow's decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold... among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently, that "an economy that lives by QE, will die by QE" as the Fed's total lack of willingness to allow stocks to fall (see Bullard 2 weeks ago) or a 'cleansing' recession leaves the nation's economy in far worse shape than it was before the Fed's intervention. Schiff calmly replies to the anchor's questions (as she proclaims "I am not on the side of the Fed but..."), gently explains his view on gold when challenged about his 'wrongness', but when a guest starts hounding him for being dangerous to CNBC viewers wealth... Schiff (rightly) loses it - must watch!
A well reasoned discussion of the Fed's manipulation of markets and mal-investment hangovers is well worth the price of admission... but at around 6:35 when Scott Nations unleashes his tirade on Schiff, the fireworks start to fly... and Schiff (while being shouted over) reminds guests, anchors, and viewers alike "Go to YouTube, I am wrong a lot less often than most people on this program... and all you do is hassle me" that he was among the very few appearing on CNBC before the crash who foresaw it and the cataclysmic shift that has occurred (no matter what the perception of short-term memory traders)..."Think of all the bulls you paraded out here when Nasdaq was 5,000"
Absolute must watch...
We can't help but feel the timing of this tirade against Schiff is spookily prophetic and will be in its own YouTube class in a few years...
* * *
Ironically, here is Scott Nations in 2008 getting "Schiff'd" by the CNBC anchors (Liesman) and some other guest muppet when he dares to suggest the Fed is intervening and that the President's Working Group (i.e. Plunge Protection Team) is hard at work...
"look at the market action on the 10th and 28th and tell me what else might have generated a 100 point rally in the S&P under that situation?" Liesman fobs him off as some conspiracy wonk...
Yep looks normal to us... 10/10/2008
and 10/28/2008
Those are 100 point moves on a 700/800 S&P!! Nothing to see here eh Liesman, Kiernan, Quick?
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I can't believe they still have him on there. I guess since he is wrong right now(temporarily in my opinion) it's good to have him on to try to make him look foolish. But I bet once he is inevitably right, he won't be getting too many invites. They'll keep parading idiots like gartman on there telling people to buy the dpi every day, all the way down to S&P 600 or so.
I saw an interview of him about a year ago, where he mentioned that before the housing bubble burst, every network wanted him on to laugh at and when it became obvious he was right the phonecalls stopped dead. No one wanted to talk to him anymore.
All the networks wanting him on again now means that we are at a certain point in the process and moving forward.
So is mr nation suggesting everyone sell gold and does mr nation own any? For this to be a legit interview mr nation must disclose whether he owns gold,we all need to know
Buy, gold...
www.gunsgrubandgold.com
Meh, CNBC, what else can you say...
the blowhorn is really trying to get people to liquidate their stashes and BTFATH
they need retail stock buyers to come back and desperately
when schiff is finally right i will be long dumpsters and soup bowls...
Straight from the jackass' mouth...
https://www.youtube.com/watch?v=747RhUoFk3Q
and im sure Hitler had his tender moments
Scott Nations is a complete tool. I'd take parenting advice from Casey Anthony before i took investing advice from SN.
Everytime someone says the market will go down, a QE angel gets it's wings, fucks them in the mouth, and grabs the S&P lifting it higher (the cumulative power of angels).
When London's LBMA, which is 85% of global gold trading volume, trades 180 million oz. a day with 100:1 paper leverage, the price can't possibly move in any meaningful way until the rig blows up.
Nations is correct in the short term. Schiff is correct in the medium to long term when the whole thing blows. Schiff should know better than to make short term gold calls but then perhaps he believes in the unallocated LBMA gold (paper gold) market.
http://www.planbeconomics.com/2013/12/harry-dent-vs-peter-schiff.html
If they lose control of the price of gold they will confiscate it and make possession illegal.
They did it before and they'd do it again.
Nothing is as convincing as to the inherent value of gold as money, and as a long term store of value than trying to figure out a substitute.
Bingo ! - Absolutely correct !!!!
Schiff vs Nations = the difference between an analyst who cares what constitutes a healthy economy and a greedy fuck who only cares to make money
The bottom line is that Peter Schiff is a Schiff family member... If you don't know what that means, you might check his family tree...
You mean the Kuhn Loeb Rothschild bankster family that was intimately involved with the formation of the Federal Reserve? Yeah they're horrible.
However it appears Peter G Schiff and Peter D Schiff are different people. Let me guess.. it's a Zio-Jew false identity conspiracy.
Fool me once in 1933. Shame on you. Fool me twice, I don't think so.
I am not chumbawamba.
"they" are not confiscating it from the chinese or the russians. not even from the indians. probably not even from saudi arabia, more subservient than which is hard to imagine.
for subjects of obama and his likely shameful successors, buy gold and silver miners. they weren't confiscated in '33. they went up about 500%.
yer, but good luck buying stoxx of a miner that wont go belly up before the reset - with silver trading at 75% of its production cost
I am not chumbawamba.
I like it!
I dont think people would be falling for that old trick again. But it is a lot easier to confiscate physical gold than bitcoin.
The only reason confiscation didn't turn to revolution in the 30's is that the people trusted government. Not so today. Back then, everyone had gold, today the people who actually have it know more about the truth of 'money' and they know what fiat is. Gold confiscation today would hardly be worth it.
Even under the gold exchange standard, virtually all money was gold back then, so it was relatively easy to confiscate - they just seized it from the banks.
Now? lulz, good luck. As soon as word got out that FedGov were confiscating, oops, sorry, nationalising gold, it would vanish into a million holes in the ground.
Now that's a funny bunny.
Did she say "inflation" because she should know that there is no inflation as per The Fed. Your "money" is not eroding as she claims it's only getting hopier. Also she quite rightly points out that if you haven't gambled in the stock markets you can only hold cash; those are the two choices, nothing else.
There is no inflation because the BLS doesn't count unnecessary items like food, energy, and housing.
Peter Schiff Oct 24 2014 Russia Today
https://www.youtube.com/watch?v=mKWSvJNwbck
keyser, that was a cruel tease, that's not THE jackass, that's just A jackass. you made me think a new golden jackass interview was out.
this is THE jackass, jim willie:
https://www.youtube.com/watch?v=HGP2b1AZ8K0
and of course any talk of manipulation is "out there" for CNBC. regardless, its happening, due to the FED backstopping primary dealer metal shorts, leasing, ETF wipeouts, etc. the foreign metal settlement exchanges will be the turd in the punch bowl that finally sends COMEX and LBMA to the ER - to say nothing of the chinese and russian accumulation on the cheap - which in my humble opinion, is a quid pro quo for them to not dump the treasuries they hold, starting the (long overdue) run from the dollar to all tangible assets.
fuch the fed.
I guess if Peter mentioned the huge drop in CNBS viewership, he would never be invited back.
Alex Jones is 1,000,000X more right than CBNS
gave up on cnbc when Abby Jo was telling everyone to buy the dip back in 2000.
saw liz claiman on news early this evening talking up the market and how well FB had done. Before FB guided down. And although I do not watch cnbc nor fox biz much, I highly doubt they are exploiting buybacks and NON GAAP accounting all that much as a news story--they will. Between GOOG and FB--most companies would like their sales to be equal to FB and GOOG NON GAAP adjustments.
CNBC sucked so bad I just got rid of my whole TV.
When did this process of shouting over one another become endemic to financial television? It's quite offensive and distasteful. That guy Nations seems long overdue for a forceful lesson in manners and class and humility. It seems symptomatic of a problem manifesting in all levels of American society these days. Bullying is hardly a healthy, constructive way to resolve disputes.
what?
tell that to afghanistan, iraq, pakistan, yemen, libya, syria.
poster children for the genius of u.s./israeli foreign policy.
they want broken states and dead muslims.
it's how they roll.
Actually, if you had bought the dip in March 2000 and sold later that summer, you would have done very well.
Just put up this Halloween special of steve quayle on alex jones, complete with animated quayle in a bunker with tom cruise. https://www.youtube.com/watch?v=p6JQTUGVcqk
Heh heh,, you are right. The live video feed would cut off too like it did for gata's Bill Murphy when he began testifying before the CFTC in 2010.
US-UK System loves to cover-up faults.
US-UK System can not admit faults or weakness. You might call this perfectionism. You might call this hyper-politics where you can't afford to show weakness or to even loss one time in public... so you blame employees, scapegoats, sub-contractors, partisan politics, and politics in general.
The fact is that US-UK System is hyper-competitive and Europe must be also. US is the most productive Nation in the World... therefore must be the most corporate system in the world. Sort of fits with the fascist theory... Germany, China are just more socialist or more cutthroat.
Empires Fall:
- When we can't tell the truth
- The Government Can't Tell the Truth
- Government Statistics are Falsified
- Voting Citizens don't know the Truth
- Slaves or Indentured Servants rebel for their Ideals of Democracy, Free Markets, Individual Rights, or for freedom from Serfdom
- Citizens are not longer willing to support foreign Wars or Domestic Wars with blood or Taxes or Inflation
I recently had a conversation with a kindly, innocent old gentleman who said, with a perfectly straight face, that one of the most important things that make him proud to be a citizen of this nation is that we have press that we can trust.
Schiff is threatening their religion, their faith, in the Ponzi.
Notice how they ignored the 2008 and 2000 crisis?
Wild-eyed acolytes of the church of debt.
five bucks says the fed announces qe4 tomorrow. the last gyrations were testing the controls.
I'll take that bet. They will say what they did last time, s and p up for a day or 2 then, down.
They will wait until the next market correction. My guess is tomorrow they will say rates not go up until forever and QE4 may start if necessary. The markets will roar another 300 pts. The markets won't return even stop for a breather until after the elections. We may see new highs by Nov 5.
If your right, then the Petro dollar will demise faster and quicker, interesting times we live in.
Keyser,
Precisely. And it's the same airhead presenter who gave Bill Fleckenstein the hard time the other week.
If she's so good, why is she a TV presenter instead of an investor?
DavidC
Being a gold bull or skeptic of this charade is the equivalent of a football team that is down 13-0 late in the 4th quarter. They haven't moved the ball all day and have had their brains beat in for 4 quarters. They score a quick long TD, then recover and onsides kick & march down the field to score the winning TD as time expires. Everyone who was high fiving one another & dumping Gatorade on the coach 2 minutes ago looks around at each other and is trying to figure out what exactly the fuck just happened.
The nupties on CNBC all have very short memories... I'm glad Peter reminded them of his track record and the fact that he was a laughing stock in 2005 - 2006... Doesn't matter that gold went from $800 to $1900 from 2008 - 2011... The hosts were told to do a hit piece on Peter and they think they succeeded...
That sounds like the Arizona State- USC College Football game a few weels ago...
Except the Sun Devils were down 34-25 with 3:54 left in the Fourth Quarter. Final score 38-34, ASU Sun Devils, as time expired. (Actually, from what I have read, and watched on the clips, it was a planned, and well executed, Wide Receiver Post Route rather than a heave it into the End Zone free for all Hail Mary.)
Watch Pac-12 College Football? (At least it is not as commercialized as that damned Professional Sports. There is some "amateur" left in it.)
And fortunately I have a computer to watch the results on Yahoo Box Score...if not the game. I hate TeeVee.
Go Sun Devils...
Jerry! Jerry! Jerry!
Who's your daddy bitchez!
I love the disbelief faces of everybody listening to Schiff when the discussion heats up. So few people are willing to take the red pill and see how deep the rabbit hole really is!
That deer-in-headlights expression gives me a powerful urge to stack.
She said "can the fed keep interest rates low and keep the market propped up?"
So they just openly admit it now that they are propping up the market? I thought that was the secret. Maybe I should pay better attention?
sleigher
Do you understand the difference between “Understanding” and ‘Knowing’?
You ‘Know’ that free-money (QE) and low-interest rates (ZIRP) exist, right?
So now, do you ‘understand’ the link between ZIRP and shale? As well as, asset inflation?
Do you ‘understand’ the link between QE and that, we’re in a ‘Permanent Consumption Destruction’?
“As I grow older, I pay less attention to what men say. I just watch what they do.” -- Andrew Carnegie
Good point about Shale.
I have to think a little about QE and consumption Link...
- Clearly there is a history of outsourcing in the USA that goes back to 1900s, with military intervention for unions and worker strikes
- Clearly there is a history of Bankers Holding back Investment even when Foreigners are Investing in the USA, and even when economic conditions scream for capital expansion and domestic investment
- Clearly there is room for Public Banking and States Banks that invest depositors funds evenly and even in recessions and times of stagnation
- Clearly Private Executives failed in manufacturing industries like auto manufacturing where they paid too much compensation to both wage earning employees in factories and to their glorified executives
- Clearly there is an untold history of the Failure of US Big Auto Companies who lost over half their market share due to planned obsolescence, poor quality, globalism, and foreign competition
My conclusion is the USA can not recognize the emperor has no clothes within it's UK/European Economic System... even when it's most important industries fail, repeat bankruptcy filings, repeated bailouts, and consumer movement to better foreign products... Only Fascism can cover up the Failure of US Automotive and other Manufacturing Industries.
TeethVillage88s
You got it!
US industries can NO longer compete. One example: Patents: U.S. dominated patents for a century. However; 2008 global patents: 163,800. 2008 U.S. patents: 53,521. U.S. global share: 32.6%. Slight less than a third [and declining].
To add insult to injury: China already is the #2 producer of “scientific papers” on nanotechnology.
US no longer have the monopoly on resources. US is no longer sufficient on oil and natural gas.
And because of its debt, and have exported most of its manufacture base, once the price of oil goes to $150 dollars a barrel, US will no longer afford, or can compete for expensive oil with China, and the main oil producers, either.
So, when I hear the misinformed and delusional believing in Utopia, after the “Welcome” financial meltdown arrives everything will be Hunky-Dory… It reminds me of this quote:
“How many brain dead do we have to have on ZH today?” — Tall Tom
http://en.wikipedia.org/wiki/World_Intellectual_Property_Indicators
Escrava Isaura; So based on your previous responses... I take it you are sharing in our US Future for the good or bad... whatever may come?
Yeah, we have exported our Technology to include our Military Technology since both the Republicans & Democrats are fully "Bribe-able".
And if US Congress is willing to export our manufacturing & our Military Secrets... well, we know it was a COUP when we did these things and signed NAFTA, CAFTA-DR, and Globalization... did it start with Kissinger in 1972?
- In May 1973, in an effort to build toward formal diplomatic relations, the US and the PRC established the United States Liaison Office (USLO) in Beijing and a counterpart PRC office in Washington, DC. In the years between 1973 and 1978, such distinguished Americans as David K. E. Bruce, George H. W. Bush, Thomas S. Gates, and Leonard Woodcock served as chiefs of the USLO with the personal rank of Ambassador.
- On January 1, 1979, the United States changed its diplomatic recognition of Chinese government from Taiwan to China.
I think we have Grounds here for a Purge of the US Government.
We can Impeach Henry (Heinz) Kissinger, Zbigniew Brzezinski and others... and perhaps Exile them to China... along with our European Bankers.
Any Possible ZH Support here????
Of course we need a Full GAO, CBO Inspection and Audit.
And because of its debt, and have exported most of its manufacture base, once the price of oil goes to $150 dollars a barrel, US will no longer afford, or can compete for expensive oil with China, and the main oil producers, either.
Repeat after me: the only country that can produce virtually unlimited amounts of USD at essentially no cost is... the US. And what do our OPEC satrapies demand in exchange for oil? USD.
The US de facto owns every drop of oil in every country that demands USD for payment. The US is not only effectively 'self-sufficient' in oil; it owns most of the oil on the planet, and will continue to do so as long as its military can enforce the US government's will on oil producers.
If you don't understand the petrodollar you don't understand anything.
Old adege" believe half of what you see and nothing of what you hear". They stick around because there is some truth in them. Milestones
Everyone knows its propped up and they are taking full advantage of it. Further they believe it will never crash again as the Fed has fully and transparently taken control of it. The market is dead. It is simply a feeding trough to consume those who still think they can win. That pool will eventually shrink as the profits required to maintain this scheme will evaporate any perceived "winnings" until it becomes all too obvious as to what it actually is. Their belief in our ignorance is only exceeded by their own ignorance. It will end and NONE of them will have seen it coming. They won't believe their bad luck.
It's 1929, and it's about to CRASH.
It will <not> survive the Shemitah Year no matter how much the Fed's Huff and Puff.
You really think so? So whatever is produced in the next year is communal property? (Although the point is nothing will be produced and all will collapse)
Thanks man. I actually didn't know about that and spent some time tonight reading about it. Always something to learn I guess. Interesting nonetheless.
What happened in 2001?, 1994, 1987? oh...
"The Shemittah year waives all outstanding debts between Jewish debtors and creditors."
So.. there is some good, bad and ugly in this interview:
The good: is basically the little run-down of the economy that Schiff gives right before he gets cut loose. Bonds are dire. Debt is dire. QE is not even remotely credible a 4th time around, it is a political wash and folks simply won't buy it.
The bad: which I have to mention to some extent, is that he disregards the larger macro picture. If bonds collapse in foreign markets, as they well may, capital will fly pretty much anywhere it can stick. The US financial markets, namely stocks, are still the most -obvious- place.
I do believe that the reason why the Fed has spent so long "tapering" QE (if they did in actuality) is to remove any shaky investors and temper the markets over time. At least temporarily.
If international capital flies into US stocks it could extend the time horizon that Schiff is looking at, far longer.
The ugly: Those dipshits giving Schiff a hard time. Honestly, what kind of fucktard advocates not owning ANY gold in a portfolio? Want to know the litmus test for a media commentator who is compromised in the US? Ask for their take on gold. If they do not mention at least owning a small portion in your portfolio, then count on them either being a shill, a liar, or an idiot.
People bash Schiff a lot. Of course, he sells gold, and thus has vested interests and a bottom line for sales. But ultimately, I do believe he is a man of his conviction and is a lot less compromised than these retards.
Edit: And don't get me wrong, I actually enjoy folks putting Schiff's feet to the flames, nothing wrong with criticism and debate it is healthy. Plus Schiff is pretty good at defending his stance. But these folks are just too much.
Where do I personally stand? I still see gold potentially taking a drubbing (or remaining flat) for a little while yet. If it goes any lower, I will buy more. Mainly because the last thing I want to hold right now is cash.
As for stocks? Well.. they will probably make new highs defying all worldly logic, just based on how shit the rest of the world is. But given their fundamentals (ie: none).. I would be inclined to be -extremely- selective.
PS: It is also obvious to me that there are two types of games being played here. Schiff is playing the longer term game, which is the best way to go. The jackass giving him a hard time is talking about day trades, or short-term trades. What the hell does a day trader know about fundamentals? The people who benefit from day traders/frequent traders are the brokers.
JESUS H PHUCKING TAPPING DANCING CHRIST ZERO HEDGE!
THIS LITANY OF UBER BEARISM IS OUT OF PHUCKING CONTROL!
FIVE PHUCKING YEARS I'VE BEEN LISTENING TO THIS SHIT!!!!!
Nobody knew they could keep this shit up this long.
don't worry, they can keep it up much much longer than you think possible
As in 'can he hold it in his hands'?
If you can't .........
Who's "we all" kimosabe? Whether he, you or my Aunt Tilly owns gold is of no relevance to me...other than maybe concerning my Aunt Tilly's will, if the old bag ever passes on.
Is it time to start laughing maniacally? I really hope its time for maniacal laughter.
Then they laugh at you.
Then you win.
"They're all gonna laugh at you" ~ Piper Laurie
https://www.youtube.com/watch?v=KD0EUQnElEE
Maybe even TWICE!
Hello? HELLO Echo ECHO-O-O
Now batting for Pedro Borbon Manny Mota!
grab a bat OW My Balls, coach is about to put you in the game.
THIS MAKES ME THINK A STRONG QE4 WILL BE ANNOUNCED TOMORROW.
I just don't see how they can QE with markets at ATHs, unemployment at extreme lows (BS or not), housing prices at highs, etc. It won't make sense.
I agree it just isn't credible.. Which is why any QE will be done via covert means, or will need a major reason for being done (edit: or a rebrand).
Central bank credibility is extremely low right now.. and that is not a place that any central bank(ers) want to be. Can't help but feel that Bullard was floating the QE train balloon with his earlier comments about QE4. Testing the water.
Or it bought them a large cushion. It'll allow them to tease it out and everyone will be afraid to sell or short.
True, but as anyone who has played poker knows.. bluffing every hand is a great strategy, until someone calls you. Then it is game over.
Can't help but feel that their opportunities to bluff the public are running out.
But I think they'll make good on it eventually. Just ratchet the market down low enough, until people perceive things to be bad (at whatever point that is), talk about it if markets turn down too much, and then do it when the time is right. Then they can go on for a year or two.
the difference however is if you are playing the house, and the house can print poker chips like the fed prints money----------then the house can bluff every time and win anyways.
/agree - i suspect we are getting close again, thought the same thing when watching the video before reading any comments.. might be our last time to stack up cheap.
That was exactly my first thought. If they're bringing out Peter Schiff on the boob-tube to crucify him, we're getting awfully close to the edge of the crevasse. If I had any money, I'd buy some gold.
Hard times for an honest man. Who wants to listen to him? Nobody. well, nobody but a few crazies like me. but I certainly don't count. I don't even have a TV.
Cue Cramer heckling "THE SHORTS!!!!", that's all that's missing here.
NEW: Obama official calls Netanyahu "chickenshit", sparks fly
http://tinyurl.com/luntrox
ok lets all agree, shiff is not always 100% correct, but he knows what is coming, and been right alot.
Another thing that agrees with him is that .......
the nasdaq chart look nice. check it here => http://bit.ly/1fMcakI while everyone else is saying we will crash in 2014, that does not look true. looks like a xmas or santa clause rally is coming.
the FED right now are NOT going COLD TURKEY with this STOPPING of QE. my explanation is that as BOND MATURE the fed goes back into the market, and replaces those bonds. To keep the balance sheets level.
Yeah but when he's right this time there won't be a next time
"listen im not on the fed's side, i want to make that clear"
hahahhaha. fucking bought and paid for cuntastic shill
Where the hell is Beeks???
He's too busy dabbling in bitcoin...
In Africa
"Trading Places"- Aaron Russo, producer.
"America: Freedom To Fascism"- Aaron Russo, producer.
"The Rose"- Aaron Russo, producer
"Mad As Hell"- Aaron Russo, producer
"Restore The Republic"- Aaron Russo, FOUNDER
The guy was a fucking genius. God rest his soul.
Beeks is still in the cage with the male gorilla waiting to be shipped back to Africa. How's the FCOJ futures?
the gatekeepers over at cnbc must be jamming the video. it just spins and spins. they don't even have it listed on their website under recent videos.
what a bunch of tools, and I mean that literally. tools of fthe status quo that's led us down this path of destruction.
the day the stock market crashes or the derivatives backfire on this one world economy I'm going right to their site and see the spin they try to sell.
http://www.cnbc.com/id/102129187?trknav=homestack:topnews:15
Schiff is a Red Shield agent.
Ffs, Tylers, read a little bit about his family history before you go sucking his dick.
So you must enjoy sucking Bernanke cock,....is that you WEASELTHAL??
The only thing that makes me think that this is remotely so, is his father's miserable failure as a tax protester. Maybe a willing example of what happens to protesters. But looking at his cases, he completely screwed the pooch in his attempt.
Nope.
The reason they have him on is because Libertarianism is "their" backup plan funded by that rock like feller.
You folks just don't get it yet.
This is how they pulled it off over time...
http://www.amazon.com/Corruption-Economics-Georgist-Paradigm/dp/08568324...
Rabbit Hole. Think deeper.
This is what we should do about it, not their plan, ours.
http://www.amazon.com/The-Mason-Gaffney-Reader-Unsolvable/dp/0974184462
http://www.amazon.com/After-Crash-Designing-Depression-free-Economy/dp/1...
We geoeconomists prefer a 21st century model that fits the times and needs of the people. Not this force fed Hegelian "solution." Think about it buds.
http://geoeconomics.wordpress.com
http://wealthandwant.com/
(Just in case the gold is not around as showcased on ZH)
http://www.monetary.org
I guess we have to decide what this game is about - who is most right, or who makes the most money, and when.
Fed can remain irrational longer than you remain solvent.
Gotta ask yourself, do you want to be rich or be right? Key is staying just ahead of the herd. While watching for the cliff.
EVEN A BROKEN CLOCK IS RIGHT 2 TIMES A DAY.......
my best friend's sister makes $80 /hour on the internet . She has been laid off for 7 months but last month her paycheck was $13987 just working on the internet for a few hours. visit site... www.Yelptrade.com
my roomate's half-sister makes $68 every hour on the laptop . She has been fired for five months but last month her pay was $19864 just working on the laptop for a few hours. pop over here... www.Yelptrade.com
Douchebags...if you can't figure out these muppet humpers on CNBS aren't a bunch of shills for the Fed then you deserve the humping you're gonna get
Anchors simply are ignorant. Just reading the teleprompter notes they get. Ever watch the Daily Show/Colbert? where they had 20-30-50 stations all parroting the same line?
Watch out kids. Swiss Gold Intitiative is coming in 32 days. I donated to the YES effort (billboards, pamphlets all they are allowed). Anyone can.
Gold initiative is all over the media in Switzerland. TPTB and MM are in full panic mode since a week or so.
The funny thing is the guys behind the initiative are really smart, saying they aren't against the 1.20 CHF/EUR floor. They say sure the SNB can keep buying foreign currency reserves to hold the floor, they just have to keep buying enough gold at the same time. LOL! Excellent!
In my opinion there is a good chance of this referendum getting a surprise yes. Especially because on the same day there will be another referendum ("ecopop") which would limit the immigration drastically. So all the world and their brother were lobbying against that one and forgot about the gold initiative.
The problem with all votes was pointed out by Uncle Joe Stalin.
Scotland?
Anybody?
Do you think it would be wise to buy some swiss francs?
Anchors work for the CIA, that's a fact. Look up Project Mockingbird. How about the German journalist who came out and admitted they all work for the CIA.
She has been trained well and it shows.
No way this babe came up through studies in journalism.
She looks good and she is not a dummie. She may pretend at times but that is part of the show.
The complex in Langley, VA is huge. The spy factory is but a small fraction of the overall complex.
You can't vote your way out of this.
American-style drama at its finest.
"Won't stawks just go higher if QE goes on forever?" Peter should have just calmly stood up and left the room as soon as she said that.
It is painful to watch these idiots, I literally cringed. I had no idea CNBC was a fashion channel, because all they seem to talk about is brilliance of the emperor's new clothes.
Schiff has to be a masochist, I feel dumber for having seen that.
Dow Jones to a Bagillionon, bitchez!
Totally agree. He really deserves an award for putting up with those idiots.
He is just waiting for the time when TSHTF and he can say I told you so.
He is also talking to his customers for the time being.
Stocks can go to the moon, valued in dollars. But the dollars won't be buying much. That's what they cannot conceive.
What do you know without a doubt about the Fed? That they took $1 in 1913, and made it worth less than 2 cents today.
And that they have done more damage the last 6 years than they did in the previous 95.
Watch your ass, cuz it's coming.
so buy more stocks and eat stocks? OMG do they make veganic stocks? must have #winning #loveinflation #healthyliving
#glutenfreestawks.gov
Didn't Zimbabwe's market soar in 2008 as it was calculating terminal hyper-inflation daily, and then hourly? Stocks are up! Yeah? So fucking what. You gonna sell that fat portfolio and buy yourself a nice yam?
This supports the throeum of never arguing with an idiot, as they drag you down to their level and beat you with experience...
Time for Peter Schiff Was Right part 2 coming soon, with a new set of clowns. Hey Art Laffer, did you pay Peter that Penny you bet him yet?
I thought not!
And if i remember, it was contingent on Schiff coming back on and admitting he was wrong. Oh the irony.
An aside, i am still stunned that they allowed Schiff to go on as long as he did. Have a feeling the host is gonna get chewed out for allowing it. The floor guy that was attacking Schiff is a douche who obviously had a hit job attack waiting for him. He didn't try to argue with him, he tried to belittle him. He made himself look small.
Actually, when Peter said he got his clients in at $300 the bozo dude said all your clients have been screwed on gold. Would be great if they got a guy who could A)hear or B)listen
Rules For Radicals, Rule #5 -
“Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.
We will know the collapse is at hand when Cramer waves his arms in the air, froths at the mouth and says that GS is a buy at $13.00...
"QE4 will not be too long behind it as he notes, rather eloquently, that "an economy that lives by QE, will die by QE"
Translation: "QE4 is imminent ~ $666 GOLD to follow thereafter"
Care to wager on that?
Thought not.
@Tinky
So as to clean thing up
- on PART 1 of your inquiry... HELL YEA ~ there will be QE4]
- on PART 2 of that... WHO THE HELL KNOWS [& really, who cares]?... In alternate terms ~ If:
1. The USD happens to still be viable
2. GOLD hits $666 vs. USD
3. In the same moment, I can buy a gallon of 87 octane gasoline for $1.45 USD
well It would take a greater SEER than myself to predict all of those things So ~ in the spirit of our potential WAGER ALL bets are essentially OFF
It's the gold vs USD part I contest... Once the BRICS revalue gold on the Shanghai exchange, the comex and lbma are going to be fucked and it will bring down the USD... $5000 gold in USD will be a buy... No bout a doubt it...
Actually, QE4 happening AND PMs falling in price isn't too far fetched.
A) What's been one constant with QE, is that it has "helped" the economy (i.e. the stawks) but has done so less effectively, each time. Despite printing moar each time.
B) What this means is, QE is actually deflating the economy. The Fed, by printing all of this money to prop up TBTF banks and government (CIA) debt, can potentially, and as the trend is going, put things IN REVERSE. What happens if we get to QE5? QE7? QE69? Deflation will reap havoc across the land, and will even effect commodities (oil) and PMs. You might see $1.50 gas in your lifetime, for a good 3 months, 10 years from now. You'll laugh.
C) Manipulation of PM price always plays a role; remember even the "oligarchs" and CBs, despite holding PMs themselves, don't want things like Gold and Silver spiking. It would be a large shift of dough from fiat asset holders to savers and hard asset owners. The idea of keeping PMs low is that that vig on the other side of the hedge goes to stock owners, real estate owners, and banks. If it sways, then people might FINALLY figure out the economy is a ponzi scheme and then the jig is up. Hyperinflation and then havoc (like crime, political dysfunction, war) ensues.
So I take it that you would like to wager that Au will drop to the mid-600s? If so, please let me know, and we can set up an escrow account.
I say that it will hit 1800 first. Winner takes all.
OK let's put it this way
The last fucking thing I want to do in the world is to make an electronic paper bet on on the manipulated price of a a real asset whose 'PRICE' is dictated in 1's & O's printed up on some electronic exchange
Let's put it another way
I don't give a FF if the gold that sits at the bottom of the lake is worth $666 or $3000... Because either way, the value is the same...
You forgot a 6 there.
So you believe that as the Fed prints more dollars that people will demand fewer of them for hard assets like gold and silver but fewer of them for other hard assets like sugar, oil, corn, cotton and lumber?
Tell me you are not that stupid.
you can only print so much
Hyperinflation Nation Part 1/3https://www.youtube.com/watch?v=SzmYI_4XCbM
The Keynesian statists are waiting until after the 2014 election, then they will have somebody to take the blame for the death of QE and subsequent meltdown.
I'm seeing a pattern here since Bush senior. Some event around the mid term elections then a larger event between that and the presidential elections. Then the fuckers roll the dice and have laugh cuz their puppets are already dressed and strung up ready to dance for the glaze eyed audience.
Elections (though they are nice to win) don't matter if the elected never take office. Queue: Ebola, ISIS, illegal immigrants swamping the boat, inflation/deflation/tarnation, Ukraine, China (in so many ways), and a slew of other potential crises.
Make this go Viral
"My Ebola Obola"
https://m.youtube.com/watch?v=-lr4mI26c-Y
MOTHER FUCK EVERY ONE OF THE BITCH ASS PROPAGANDIZING WALL STREET BANKER COCK SUCKING PRESSTITUTE ASSHOLES ON THAT SHIT HOLE OF A FAKE AS FINANCIAL NEWS NETWORK....
still stackin...just waiting on the open in London...
mother fuckers...
death to the MoneyChangers...
People still tune in to CNBC? For what exactly? Hacks who interview other hacks who talk their position and pretend like they have a fucking clue; you might as well be a Vampire Squid Muppet.
www.traderzoo.mobi
Yeah Schiff had a real chance there when cock face told him people watch CNBC for investing advice....He should have said old people watch CNBC to have smoke blown up their ass so they can feel good. He should have said you guys have Jim Cramer on and then cited Tyler's recent article about NFLX etc.
Peter should ask Jackie if she spits or swallows Jamie's seed?
good for her. good for us. i know it's horrible, but now it's chemo and irradiated. must be good for her.
Come on, you know you'd hit that.
[img]http://api.ning.com/files/JJmd6Ue7UbwHTqhCOWRcGa0*bvkJ6FqXWvYzPdRMLhuvx9...[/img]
If you are balls to the walls locked in with the company 401k how are you "making money" when you cannot convert it into FRN's ya dumb bitch?
Maybe bitcoin or some dry powder will due you better.