tag:blogger.com,1999:blog-3758330678390419129.post3509448989028866454..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Peter Schiff: Soon People Won't Be Able to Afford to RetireRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-3758330678390419129.post-55358206454168966882013-02-05T18:31:00.145-05:002013-02-05T18:31:00.145-05:00I admire Peter Schiff's composure on these min...I admire Peter Schiff's composure on these mindless programs. I watch these laughing hyenas and wish I could strangle them on live television. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73301496862497346882013-02-05T12:56:19.133-05:002013-02-05T12:56:19.133-05:00I love to be sexist. The women I know love it too,...I love to be sexist. The women I know love it too, especially when I open the door for them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61806647809047423262013-02-05T12:41:56.117-05:002013-02-05T12:41:56.117-05:00Mr. Schiff explicitly advises buying assets in oth...Mr. Schiff explicitly advises buying assets in other countries in currencies the "Fed can't destroy". He is NOT talking about gold in this context, you might wish he was, but he isn't. In addition I also think gold to rise to $2,000 is highly unlikely. More likely in my opinion that gold will fall below $1,500 next year, we'll see.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14471836731208045672013-02-05T12:38:26.700-05:002013-02-05T12:38:26.700-05:00Comparing the dollar to gold is not the point Mr. ...Comparing the dollar to gold is not the point Mr. Schiff makes. He is advising the viewers to get out of dollar assets and predicts a fall of the dollar compared to other currencies, watch the video! In your reading he predicts a rise of the gold price to above $2,000 over the next year, I guess. Fine. Also not likely in my opinion, we'll see.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32478098880538485562013-02-05T12:26:39.136-05:002013-02-05T12:26:39.136-05:00The CPI IS a faulty measuring stick, though, becau...The CPI IS a faulty measuring stick, though, because it's based on a constantly changing standard:<br /><br />The Illusions of Hedonics<br />http://mises.org/daily/1873guestnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45269784112642460102013-02-05T12:18:24.487-05:002013-02-05T12:18:24.487-05:00I hate to be sexist, but this is so typical of any...I hate to be sexist, but this is so typical of any men vs. women discussion... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-18064565732622926422013-02-05T11:02:24.489-05:002013-02-05T11:02:24.489-05:00anon 9:58...rejected at the hoopanon 9:58...rejected at the hoopAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22704053143639480112013-02-05T10:57:42.581-05:002013-02-05T10:57:42.581-05:00Why don't you measure the exchange value of do...Why don't you measure the exchange value of dollar against gold? Had a look at the price action in the last decade?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58125838797454204842013-02-05T10:57:25.545-05:002013-02-05T10:57:25.545-05:00Anon " the dollar is at EXACTLY the same leve...Anon " the dollar is at EXACTLY the same level as in early 2008 or in 1997 for that matter. "<br /><br />Relative to what? Not to gold. The dollar is half of it's 2008 and one sixth it's 1997 value relative to gold.<br />lysandernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9130392177887091722013-02-05T10:55:17.864-05:002013-02-05T10:55:17.864-05:00You can't compare the dollar to other fiat cur...You can't compare the dollar to other fiat currencies. When compared to gold (real money) the dollar has fallen dramatically.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60437967029768294392013-02-05T10:26:20.546-05:002013-02-05T10:26:20.546-05:00Soon? ... Soon? Ha.
Mr. Schiff just keeps admirabl...Soon? ... Soon? Ha.<br />Mr. Schiff just keeps admirably plugging away trying to get People to think. Half-way through it seemed like he should have just leaned back in his chair and let them twist themselves in knots over what he was saying.<br /><br />Some times it's funny watching these videos. When the chick said Mr. Schiff was insane, it seemed like she was saying she was the one who wasAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45849186293455756262013-02-05T10:25:58.340-05:002013-02-05T10:25:58.340-05:00People are gonna need a lot more than a cocktail w...People are gonna need a lot more than a cocktail when the chickens come home to roost....that being said I suppose the former Treasury advisor chick would have been the one calling Volcker crazy for raising interest rates under the Carter administration.<br /><br />To me the major misunderstanding in current monetary policy(not that there should be any such policy to begin with) is why the Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80176278211142656652013-02-05T09:58:22.238-05:002013-02-05T09:58:22.238-05:00Ok, finally a somewhat specific (well not really, ...Ok, finally a somewhat specific (well not really, but I take what I can get) forecast, "the dollar is going to go down dramatically" (at 4:45 in the video). On a broad trade weighted basis (Mr. Schiff did not specify an individual exchange rate) the dollar is at EXACTLY the same level as in early 2008 or in 1997 for that matter. A "dramatic fall" to me implies a dollar Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73054207383993068062013-02-05T09:45:07.370-05:002013-02-05T09:45:07.370-05:00Pretty sure I'll be seeing this clip again in ...Pretty sure I'll be seeing this clip again in a few years as part of yet another "No one listened" video.Michael Duffhttps://www.blogger.com/profile/15831829415507055437noreply@blogger.com