Monday, November 10, 2008

Economic Doom and Gloom

Peter Schiff who was Ron Paul's economic advisor has a pretty bleak outlook on where the economy is going:



Schiff predicted our current economic crisis back in early 2007 in his book "Crash Proof".

5 comments:

Anonymous said...

The key is to not have any money in the first place, and just steal shit from Walmart.

One out of two for me isn't too bad!

Fuck Walmart.

Anonymous said...

This guy doesn't say a whole lot here. Oh wow, he predicted that the market would sour. That's not hard to do. The market will always have ups and downs. I will go ahead and predict that the market will recover eventually. In a few years (or however long) when the economy gets better you too can call me a genius. We have been using fiat currency on and off for over 200 years without hyper-inflation. In fact in just the last 100 years, we've gone through 2 world wars, the great depression, a dozen recessions, yet the DOW has still gone from 55 to 11,497. I'm will to bet on the US on this one. I'm not only saying it, but I'm betting on it with my money by buying US stocks at this time. Only one thing drives my investing, "when others are fearful, I become greedy."

LordVir said...

This guy doesn't say a whole lot here. Oh wow, he predicted that the market would sour. That's not hard to do. The market will always have ups and downs.



This is, the 'common knowledge' about the market that has been bred into you like the sheep you are. Here is a hint, the market is down nearly 50% on the year. That is historic, and yes, the few that predicted it are the ones we should be listening to about what comes next. I don't totally agree with Schiff's hypothesis (I think deflation is coming in a big way), but it's worth listening to.



I will go ahead and predict that the market will recover eventually. In a few years (or however long) when the economy gets better you too can call me a genius.


How about I just call you a fucking moron right now?




We have been using fiat currency on and off for over 200 years



We've been using a fiat currency since the 70's. Go read some history you fucking ignorant peasant.



Only one thing drives my investing, "when others are fearful, I become greedy."



Grats, you can repeat Buffet. Too bad he got ass fucked last quarter and Berkshire earnings were down 77%. Go tune back into your television like the mindless zombie you are.


-Vir

Anonymous said...
This comment has been removed by a blog administrator.
LordVir said...

Hey Riposte101, I deleted your post because you're not allowed to promote your shitty blog on my godlike political blog.

I wish you all the luck in the world trying to monetize that piece of shit blog of yours with digg linkbait, just don't bring that crap here.

Who knows, maybe if you write up enough bullshit and spam it around in enough places, you might just make $30 a month!