Originally Posted by
Havakasha
You havent responded to the facts as I posted them. If you are unable to answer what i posted then you are being dishonest in your praise of Mr. Schiff. Respond to the specifics of what I posted. You have a double standard when it comes to asking me to respond to your queries. Whenver I present evidence of where you are wrong on the facts your modus operandi is to simply to avoid facing those facts.
Your other disengenious method when confronted with facts that disagree with your economic theories is to pretend that somehow because of my profession I am less able to disucss economic theory and political ideas. Its evidence of "low level thinking" and is juvenile at best. Instead of insulting peoples profession why dont you simply respond to the facts as i have presented them.
Obviously you arent able to counter those specific facts. Please answer them and stop with the silly personal attacks. You are not showing yourself in a good light whehter you realize it or not.
"Just let this sink in when thinking about whom Mr. SeriouslyWrong chooses as his hero for economic and financial advice. It should help you evaluate his judgement as pertains to a whole host of issues (especially economic).
The predictions of Peter Schiff were for a "CATASTROPHIC" market crash in early 2011. His prediction was for "HYPERINFLATION" in 2011. Not normal or high inflation but HYPERINFLATION. His prediction was for gold to rise to $12,000 or the Dow to fall to 1,400 within the next 2 years.
His prediction was for interest rates on 10 year notes to be at "4% at the beginning of 2011 and
rise to 5% or even 6%% in 2011 or 2012. His prediction was that the dollar would collapse in 2011. And on and on and on....
HE GOT THIS ALL WRONG AND MORE!
You would have lost your shirt if you bet with him.