Could 2015 See The Real Crash Peter Schiff Predicted? (Audio)

[Dforkus]

This argument again?

And you have his bold statement on live Television in early 09, that there was no money to be made in US equities in 2009, 2010, or 2011...


WRONG!

 

[osan]

Boy, the Central Planners, Racketeers, and Riggers, sure have made a mess of the economy and nation, eh?

You think this is a mess?

It's barely begun.

Get your food in order, it may be coming in handy before the decade is out.

 

[Zippyjuan]

When did he gives exact dates or even years as you say?

Every year he has said it is about to happen. Chicken Little syndrome. Perhaps some day he will eventually be right again.

 

[NACBA]

Every year he has said it is about to happen. Chicken Little syndrome. Perhaps some day he will eventually be right again.

Yep--and his foolish clients wait and pay

 

[ctiger2]

Even allowing for taxes, personal purchasing power is much higher than it was 100 years ago. Look at how much stuff everybody has. Only the rich had a car or even their own phone. Now even the poor have cars and almost every individual has their own phone. "More liberty" only applied to basically white men. Women and minorities certainly had less of it.

HAHAHAHA! Keep 'em coming.

 

[cubical]

This argument again?

Yeah, I am in that thread. Where did he claim each year there would be a currency crisis as Zippy said?

It's ridiculous the standards you put on the guy. A crisis like he is speaking of is not a broken clock type of event. The saying "Oh well everyone is right eventually.." simply shows ignorance.

 

[TheCount]

Yeah, I am in that thread. Where did he claim each year there would be a currency crisis as Zippy said?

It's ridiculous the standards you put on the guy. A crisis like he is speaking of is not a broken clock type of event. The saying "Oh well everyone is right eventually.." simply shows ignorance.

Business cycles guarantee that eventually there will be an economic downturn, so yes, it is a broken clock event. If he's been claiming that there will be an economic collapse "soon" for 15 years, and it happened in 1 of those 15 years, then he's right less than 7% of the time. Statistically speaking, a magic 8 ball would give better investment advice.