This is some seriously funny shit. After watching this video, I felt like drowning myself in a vat of pigs grease. In classic form, Schiff lays waste to the token bull, who doesn’t seem to know or understand how to contain this bearish animal on the war-path making outrageous, yet logical, conclusions.
This is bear porn if I’ve ever seen it. It has everything a burlap wearing, blue blazer, gent would expect from a man whose sole purpose in life is to oversee the complete destruction of civilization as a whole, just so that he could say “I told you so.”
Stocks will go way down.
Bubble, bubble, bubble.
Bear market.
We’re in a recession.
Economy has been decimated.
This will be way worse than 2008.
People are living with their parents (lolz).
U.S. rates will be negative and lower than europe.
Throwing gasoline on a fire.
It goes on and on and on.
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Peter Schiff is the consummate Bear Pornographer®. Has he ever been right about anything in a tradable timeframe? Has anybody made two cents following his advice? Is he a legitimate financial commentator? Or is he just another asshole member of the sick, pervasive culture of “conservatives” and libertarians ripping each other off for profit?
You decide.
I’ve decided. Schiff is smarter than the average bear.
tech/9-11
saved with housing
(as a bubble because artificial)
08/lehman
saved with rates/qe
(bubble on top of bubble won’t be worse????)????
I blow like 10 bubbles in between my 5 part time jobs.
cum bubbles coming from the Bears ass after we rally are the only bubbles we’ll be talking about
He has had his clients in Gold and EEM since 2010.
“The answer is to reverse course.” Indeed. I always find the whiz-bangy special effects on CNBC to be particularly comical. Like economic discourse is an action movie or a video game.