Europe's pain is coming America's way

[SiriuslyLong]

Goodbye SiriuslyLong. I have said this before only to come back to you for argument. This time I will follow through. Its just really not worth arguing with you. Follow the Schiff thread and you
have clear evidence that you just arent willing to admit when you are wrong, much as Mr. schiff cant. No point in carrying on this exercise as much fun as it was. Honest debate is one thing.
Avoiding, evading, covering just dont allow for real discussion.

Its been a blast arguing with you but some of your insults about my profession, work ethic, the fact that i use an accountant, and your treading on personal ground when referiring to my "great grandfather" (a great man) all add up to a feeling that i am dealing with an immature and somewhat creepy individual. Stick to arguing your economic and political beliefs, and avoid arguing with DEmocrats by calling them Marxists.

Enjoy the day, have a great life. ADIOS

Stopped back for one last edit I see.

Regarding Schiff, be reminded that this thread is entitled, "Europe's pain is coming America's way". For some reason, you interjected Schiff into the discussion as you have in several other threads. Candidly, you really haven't demonstrated or provided clear "evidence" on anything. Schiff is EXTREMELY TRANSPARENT.

As far as Schiff admitting he is wrong, clearly the man is convinced that America is on an usustainable path just like you. I am not going to call him A LIAR because of his beliefs. He was clearly convinced in 2006 and 2007 that 1.) there was a housing bubble, and 2.) it would burst sending us into long hard recession. You know those results. Take away what you want, but for me, it's worth a more in depth look what he's saying REGARDLESS OF POLITICS.

[SiriuslyLong]

Let's get this back to the top. Hava-gafa-kasha can't seem to post in a thread without bringing up Schiff, so might as well try to keep it all here.

[Havakasha]

I wish i had the strength to not be shocked by his postings on Mr. Schiff. and to turn a blinds eye
to the ignorance stated in some of the posts about him. I simply find it hard to avoid responding to such lies.
Its one thing to see the world differently (i have no problem with honest debate) its another
to come up against a person who SIMPLY will NOT acknowledge the facts that I have presented
about Mr. Schiffs predictions.

Im always happy to come back to this guy that Mr. SiriuslyWrong has called "amazing"
and who has NEVER admitted to being wrong about anything. The kind of guy SiriuslyWrong
models himself on or so it seems. Quite remarkable.

If i "havent demonstrate or provided clear evidence of anything" then the earth is definitely
FLAT. i have not met a person more in denial other than "the earth is cooling" JOhN.


"I will post this because i know it is embarassing to mr. siriusly long. To actual praise this guy as "amazing" is quite remarkable.

A person with integrity would have to admit that the following predictions are shocking in the
degree to which they are COMPLETELY WRONG. He has been wrong about many things for many years. And to think Mr. Schiff has actually said that "in reality i dont think I have ever made a mistake (in forecasting).

Schiff in late 2010: "The stock market will experience a catastrophic collapse in early 2011 (go short),We will experience hyperinflation in 2011, 2012 (of course he also said it for the past decade as well. lol)The dollar will collapse. 10 year notes will go to 6%. Gold will rise
to $12,000 or the Dow will sink to 1,400 within the next 2 years. etc. etc."

This is but a couple years of innaccurate forecasting. I have posted about MANY other years.
These are facts. There is NO sttretching.
They were ALL wrong.

NOW DOES ANYONE IN THEIR RIGHT MIND THINK YOU COULD HAVE MADE MONEY FOLLOWING THIS INVESTMENT ADVICE? BEYOND ABSURD."

[SiriuslyLong]

I wish i had the strength to not be shocked by his postings on Mr. Schiff. and to turn a blinds eye
to the ignorance stated in some of the posts about him. I simply find it hard to avoid responding to such lies.
Its one thing to see the world differently (i have no problem with honest debate) its another
to come up against a person who SIMPLY will NOT acknowledge the facts that I have presented
about Mr. Schiffs predictions.

Im always happy to come back to this guy that Mr. SiriuslyWrong has called "amazing"
and who has NEVER admitted to being wrong about anything. The kind of guy SiriuslyWrong
models himself on or so it seems. Quite remarkable.

If i "havent demonstrate or provided clear evidence of anything" then the earth is definitely
FLAT. i have not met a person more in denial other than "the earth is cooling" JOhN.


"I will post this because i know it is embarassing to mr. siriusly long. To actual praise this guy as "amazing" is quite remarkable.

A person with integrity would have to admit that the following predictions are shocking in the
degree to which they are COMPLETELY WRONG. He has been wrong about many things for many years. And to think Mr. Schiff has actually said that "in reality i dont think I have ever made a mistake (in forecasting).

Schiff in late 2010: "The stock market will experience a catastrophic collapse in early 2011 (go short),We will experience hyperinflation in 2011, 2012 (of course he also said it for the past decade as well. lol)The dollar will collapse. 10 year notes will go to 6%. Gold will rise
to $12,000 or the Dow will sink to 1,400 within the next 2 years. etc. etc."

This is but a couple years of innaccurate forecasting. I have posted about MANY other years.
These are facts. There is NO sttretching.
They were ALL wrong.

NOW DOES ANYONE IN THEIR RIGHT MIND THINK YOU COULD HAVE MADE MONEY FOLLOWING THIS INVESTMENT ADVICE? BEYOND ABSURD."

I wish I had caught the edit lol.

Lloyd, you're a cameraman who cannot calculate % change. You're a free loader (not free lancer) living off your family fortune. You use a tax accountant to shield that fortune from the government you seem to love otherwise. You are highly partisan, and intellectually lazy. You won't read any post remotely contrary to your partisan ideology. You offer no challenge to your own beliefs instead accepting whatever the Huffington Post publishes.

In the previous posts I have demonstrated without question you extremism. To this day, you have not and will not answer the simple question, "what is the ramification of ever increasing national debt?" You cite facts, but do not acknowledge other facts as they get in the way of your ideology.

It sounds to me that your doctor has either increased your meds, or changed them as you are back to lacking basic discourse skills.

You "follow" Roubini yet his predictions are worse than Schiffs -- no comment, imagine that LMFAO.

Sulk off again Lloyd. It was better that way.

And BTW, I have acknowleged Schiff's erroroneous predictions several times. Do the meds help you forget this?

[SiriuslyLong]

I will remind all that Mr. Schiff said "in reality i dont think i have ever been wrong". If anyone thinks that is transparent and not a blatant lie, then they are clearly delusional. Mr. SeriouslyWrong would clearly hope to avoid the fact at all costs. When you are cult follower
you must protect your master.


"In other words, Peter Schiff may be a classic case of a stopped clock: he's been predicting a market decline FOREVER and when the market has declined he's hailed as a genius by his CULT
FANS."

http://seekingalpha.com/article/1068...hiff-right-now

Now, had you listened to Peter in 2002, 2003, 2004, 2005, 2006 or even 3/4 of 2007, you lost your shirt. Had you placed bets based on Schiff's market calls, you lost everything you wagered."


Clearly Mr. SiriuslyWrong is one of his delusional cult fans. He is stuck on the call he got "right" and ignores the multitudes of calls he got WILDLY WRONG over many years.


Goodbye SiriuslyLong. I have said this before only to come back to you for argument. This time I will follow through. Its just really not worth arguing with you. Follow the Schiff thread and you
have clear evidence that you just arent willing to admit when you are wrong, much as Mr. schiff cant. No point in carrying on this exercise as much fun as it was. Honest debate is one thing.
Avoiding, evading, covering and lying just dont allow for real discussion.

Its been a blast arguing with you but some of your insults about my profession, work ethic, the fact that i use an accountant, and your treading on personal ground when referiring to my "great grandfather" (a great man) all add up to a feeling that i am dealing with an immature and somewhat creepy individual. Stick to arguing your economic and political beliefs, and avoid arguing with DEmocrats by calling them Marxists.

Enjoy the day, have a great life. ADIOS


P.S. Remember this when Mr. Siriuslywrong says his interest in Mr. Schiff has nothing to do with politics. Mr. SiriuslyWrong's favorite candidate is Ron Paul. Mr. Schiff is the economic advisor for Ron Paul. All are followers of the Austrian School of economics favored by the right wing of the
Republican Party.

He aint fool'n NOBODY. Goodnight.

Another nice edit job there Lloyd. Wanted to capture it before it changes yet again.

[SiriuslyLong]

Back to the top.

Ron Paul for President LMFAO............................ God Bless the Doctor.

[Havakasha]

As i have told you before, I invest with advice from Buffett and Soros. I read Roubini on ocassion. (Never once invested anything according to his advice. Dont even know where to find his stock newsletter or if he even has one.)I understand that it doesnt jibe with your "narrative" and that anything that doesnt must be distorted.
The rest of your diatribe is a lyin hoot and reflects badly on you. I hope you find peace in your
delusional world.

Still the facts remain. lol. And lord knows you dont enjoy facts.

http://www.hyperinflation-us.com/

Peter Schiff is Wrong __ James Turk is Wrong


Peter Schiff's Euro Pacific Capital newsletter from April of 2009 stands out as especially revealing. That newsletter clearly demonstrates just how far off the proponents of the Austrian school are on understanding inflation and hyperinflation. The newsletter featured a guest article written a month earlier by James Turk entitled "On the Cusp of Hyperinflation". [James Turk is the author of The Collapse of the Dollar and the founder of goldmoney.com.] In this March 2009 article, James Turk enumerated 6 reasons for his predicting that "hyperinflation of the US dollar is imminent" and also said "[the US dollar] is on the cusp of hyperinflation. I expect this to become increasingly clear within twelve months." Of course this hyperinflation prediction has proven to be wildly off the mark. Average consumer price inflation by any measure has registered in the low to mid single digits in the 2½ years since. Nevertheless, in September of 2010, eighteen months after his 'hyperinflation within a year' prediction, Turk unapologetically published another such prediction, in which he hyperlinked to his original prediction. Though no doubt he is sincere, James Turk is dead wrong. It will be interesting to see for how many more years James Turk and Peter Schiff, et al, will continue to reiterate these runaway inflation predictions that will completely fail to materialize.



Austrian Economics is Wrong


This, folks, is your fair warning: Peter Schiff, James Turk, John Williams, Marc Faber, Charles Goyette and others will surely continue ad nauseum with their predictions of runaway inflation in the dollar but consumer prices simply aren't going to cooperate with them. Sooner or later these pundits will have to face the reality of radically lower consumer price inflation than they predict. Eventually their predictions will lose all credibility. These guys really don't understand economics holistically—especially the factors affecting why people raise prices. Yes, I say factors (plural), as Milton Friedman's famous quote, "Inflation is always and everywhere a monetary phenomenon" is simply wrong. And I say people, as the Austrian school simply views consumer prices as inextricably linked to the money supply, as if little else matters, such as people's perceptions, and people's propensities for taking pricing action (or no action). You just can't have a viable price inflation model that completely removes human behavior from the equation. Sorry Milton.

[SiriuslyLong]

As i have told you before, I invest with advice from Buffett and Soros. I read Roubini on ocassion. (Never once invested anything according to his advice. Dont even know where to find his stock newsletter or if he even has one.)I understand that it doesnt jibe with your "narrative" and that anything that doesnt must be distorted.
The rest of your diatribe is a lyin hoot and reflects badly on you. I hope you find peace in your
delusional world.

Still the facts remain. lol. And lord knows you dont enjoy facts.

http://www.hyperinflation-us.com/

Peter Schiff is Wrong __ James Turk is Wrong


Peter Schiff's Euro Pacific Capital newsletter from April of 2009 stands out as especially revealing. That newsletter clearly demonstrates just how far off the proponents of the Austrian school are on understanding inflation and hyperinflation. The newsletter featured a guest article written a month earlier by James Turk entitled "On the Cusp of Hyperinflation". [James Turk is the author of The Collapse of the Dollar and the founder of goldmoney.com.] In this March 2009 article, James Turk enumerated 6 reasons for his predicting that "hyperinflation of the US dollar is imminent" and also said "[the US dollar] is on the cusp of hyperinflation. I expect this to become increasingly clear within twelve months." Of course this hyperinflation prediction has proven to be wildly off the mark. Average consumer price inflation by any measure has registered in the low to mid single digits in the 2½ years since. Nevertheless, in September of 2010, eighteen months after his 'hyperinflation within a year' prediction, Turk unapologetically published another such prediction, in which he hyperlinked to his original prediction. Though no doubt he is sincere, James Turk is dead wrong. It will be interesting to see for how many more years James Turk and Peter Schiff, et al, will continue to reiterate these runaway inflation predictions that will completely fail to materialize.



Austrian Economics is Wrong


This, folks, is your fair warning: Peter Schiff, James Turk, John Williams, Marc Faber, Charles Goyette and others will surely continue ad nauseum with their predictions of runaway inflation in the dollar but consumer prices simply aren't going to cooperate with them. Sooner or later these pundits will have to face the reality of radically lower consumer price inflation than they predict. Eventually their predictions will lose all credibility. These guys really don't understand economics holistically—especially the factors affecting why people raise prices. Yes, I say factors (plural), as Milton Friedman's famous quote, "Inflation is always and everywhere a monetary phenomenon" is simply wrong. And I say people, as the Austrian school simply views consumer prices as inextricably linked to the money supply, as if little else matters, such as people's perceptions, and people's propensities for taking pricing action (or no action). You just can't have a viable price inflation model that completely removes human behavior from the equation. Sorry Milton.

I can't find out anything on this Moheban guy. I think he simply wanted to sell a book so he challenged Schiff who has sold many books. Though I did find a comment where he says that gold at $1350 is way too expensive. You may want to consider e-mailing him and letting him know it is at $1650 now and has been for a while.

Found this though: http://www.youtube.com/watch?v=ftCmf_9OVMc

[Havakasha]

I dont think you read his comments too carefully on gold. Either that or else you only quoted what you wanted others to hear. Thats not very honest Mr. Seriouslywrong. His argument was a little more nuanced then you suggested. It doesnt mean he will be right that in 5 to 10 years or so gold will below $1000, but it does mean he has a point of view based on some correct projections on inflation, and I'm sure will admit a mistake if proven wrong unlike Mr. Schiff and you.

First: "Shorter term, I admit that gold could go significantly higher, but five or ten years out I see gold at below $1,000 USD per ounce.


Second "I was actually a gold and silver bull from about 2000 to 2004. Believe it or not, silver was then just $4 to $5 an ounce, a no-brainer 'Buy', and gold was under $300. I would excitedly tell investors that they could buy scarce, century-old gold coins containing nearly an ounce of pure gold for $275 -- barely any premium over the lowball melt value at the time. They all yawned. Later when stocks had languished for several years and gold had nearly tripled to $800, some of these same folks became interested in buying gold. They had it backwards. They violated the most basic maxim of investing, "buy low, sell high." They only got interested once gold was high, because gold's big move was in the news and on the tongues of so many. Gold was getting hot."


Third:
"Two possibilities exist: I am right that high inflation will simply not materialize, or I am wrong and we'll have skyrocketing prices of everything. In either scenario, buying gold or silver today is a bad move compared to other choices. Since gold and silver have already had a huge run up while consumer prices in general have not, gold and silver buyers today stand less to gain and more to lose than they would by plowing their dollars into other durable hard assets that have not yet had any run up. In other words, if you want to get out of paper money and into physical assets as an inflation hedge, buy stuff that hasn't yet inflated rather than gold or silver, which already have. Perhaps buy a fine musical instrument or maybe that antique car you always wanted. Home prices are down 25-50% compared to 3 years ago and mortgage interest rates are at historic lows, yet potential homeowners aren't buying! It makes little sense for a potential homeowner with a down payment saved to instead invest it in gold at an inflated $1350 an ounce. As always in investing, get bang for your buck and buy things that are underpriced so the math works in your favor.?

http://www.hyperinflation-us.com/is_...nvestment.html



Schiff and his buddies have been consistently wrong about inflation. Mr. Moheban has been right.
We will have a chance to continue to examine their future predictions side by side.

[SiriuslyLong]

Schiff and his buddies have been consistently wrong about inflation. Mr. Moheban has been right.
We will have a chance to continue to examine their future predictions side by side.

I know you like this guy because he "challenges" what you consider a political opponent, but if he's talking 5-10 years down the road, he can't possibily be right now. Can he?

I love it you give this guy (who supports your position on Schiff) leeway on timing, but there is no leeway with Schiff even though he's quoted as saying "timing is immaterial"................

Inflation is caused by increased money supply. It is universally accepted. So if we are not experiencing inflation with a growing money supply.... ? Does that make you wonder? No worry? Not an issue?

Candidly, I would like a little inflation so my bank accounts for my children could experience the joy of compounded interest.

Money Supply booming, seeds of the next Greater Recession

The next Great Recession is in the making. The money supply trends say so. And it is looking more and more like this next Greater Recession is going to be one for the ages…

The money supply, as measured by THE CONTRARIAN TAKE‘s broad (and preferred) TMS2 metric (TMS for True “Austrian” Money Supply), posted a 14.6% year-over-year increase in February, making this the 39th consecutive month of double digit year-over-year rates of monetary inflation. All told, TMS2 is up a huge 50% over those 39 months. Even more interesting is what those TMS2 metrics were leading up to the housing boom turn credit bust turn Great Recession – 37 consecutive months for a cumulative increase of 50%.

Here’s a look at the monetary record through a TMS lens beginning year 2000…

http://www.forbes.com/sites/michaelp...ter-recession/