This is the most pornographic clip I’ve ever laid my eyes upon. Believe me, in my days, I’ve gazed at lots of bear porn and I’ve never seen anything like this before.
Peter Schiff, from some stupid firm that buys a lot of gold, went to work by scaring the shit out of the viewers of Fast Money today. Much to Tim Seymour’s credit, he took Schiff and his porn schtick to task, calling him out on what he believed was supreme bullshit of the very first magnitude, uninvestable horseshit flung upon a depraved audience in order to ‘sell more books.’
One of these gents was the villain, the other the hero. Can you guess who was who?
I was very much delighted by this back and forth, as P. Schiff usually gets away with his moronic design without a rebuttal. Thank heavens Melissa Lee broke up this exchange before the fistacuffs came out.
Even still, deep in my bones, I believe Schiff is correct, but not in the way he thinks. World currencies will crash in harmony, not just dollars. Moreover, I believe if this end game plays out, you and I will be much more interested in killing thy neighbor for fresh water supplies than to worry about the value of stocks.
The grim scenario that Schiff lays out is one of the black swan varietal. He delivers his sermon with extreme confidence, which makes his words sound all the more believable. But he’s guessing, just like everyone else. Although I am bullish on gold and treasuries, I do not believe the end is near, at least not yet. Governments can do a lot more, stringing this out for another decade or so, before the default of all of the sovereign debt occurs. I’ve said this before, we are merely in the 2nd inning of the end game, the final game the stock market will ever play.
Watch the Schiff v Seymour Battle Royale here, LIVE!
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End game? Please. Markets go up. And ‘Up’ is infinite.
Until I kill you for your fresh water supplies.
http://lifestraw.eartheasy.com/products/lifestraw
http://www.usdebtclock.org/
WSJ – This just in:
Billionaire Investor George Soros Returns to Trading, Betting on Coming Economic Turmoil
Maybe that broken clock will be right next time.
It’s not how you drive, it’s how you arrive.
Just think, going into Rio is the exact opposite of China Olympics.
Where the fuck did all the money go??
Herstory’s wardrobe budget?
Eh it will just be a massive debt restructuring. Baby boomers money gotta go somewhere.
Schiff is the TRUMP of fast money calling out the trading turd establishment-wads
Yep, bragging about how smart HE is and how great HE is and how it’s going to be fine for him while the rest of us suffer. The best thing about the end times will be the nasty catamites swarming his yacht and eating his liver.
Didn’t I already previously give you a silver lined fleece vest, Mr. Schiff? Oh well, as Fly notes, this is superb bear porn you have come up with here. The original Devil Dog himself is proud of you.
http://ibankcoin.com/rcblog/2011/09/30/mr-devil-dog-addresses-ibankcoin/
So for this, you are hereby awarded another vest to add to the first one I gave you.
Fly has finally come to the realization that Zerohedge has been correct all along. Their only issue has been timing. The end will be as bad as you say.
If you are a betting man, I suggest you bet the Cleveland Cavaliers win it all. Cleveland winning a championship is a sign of the end. As is the Cubs winning it all. Both will be happening by fall.
Timing is evrything. If I told you in 2008 that stock would make ne all-time highs, would you thank me 5 years later for my premonition?
US bonds will be fine until Japan implodes.