Mike Norman vs. Peter Schiff video blogs war...

Here's the new one from Mike Norman. This guy is telling Schiff he needs help. Personally after watching the vid I think Mike Norman needs help. He's clearly frustrated by being made a buffoon on TV by Schiff. Big chip on shoulder...

YouTube - Peter, get some help!
 
questions from New end for me to answer

Was George Bush an asshole?
I am not one to use that terminology towards anyone. Profanity is not my style or preferred mode of expression. He certainly was not a good President of the United States of America. Perhaps one of the worst.

Is Obama nothing but a puppet of the corporations?
Every US President since the latter half of the 1800's has served the needs and wants of big corporations.


Who is better, Democrats or Republicans?
How would I make that choice? What is the criteria? Better in what way? I really do not understand what you are asking here.
 
This account was written by Eric Tyson (not exactly a disinterested party), and not by Mr. Hartman.
webstar, why don't you just admit that you let your imagination fly and that you didn't actually read any account written by someone who lost money through Schiff?


I am not sure why you are denying people lose money when they invest with Schiff? They do sometimes. In fact, I'd be they do often. Have you ever invested? You can have a dead on, well researched prediction for earnings. Earnings come out, he announces, you are like WOOO HOOOO!

Then the stock tanks... and you are like WTF!?

What I am saying is, you can predict the way things are going to turn out, but you can rarely predict how the stock market will react, especially in the short term. And BTW, short term is like 1 day to 6.9 years. Really. It seems many people forget that long term investing means 7+ years.
 
iddo
you have already been told by others besides myself that Peter Schiff admits that his clients have lost money. I gave you links where the loss of that money is discussed and the people who have lost it are named. If that is not enough for you, so be it.

Do you believe that Peter Schiff can accurately and reliably predict the future? And why is this so important?
 
I am not sure why you are denying people lose money when they invest with Schiff?

Denying? Where did I do that?!
I'm well aware of everything you said (as evidence see my post #13 in this thread - in the last video there Peter talks in detail about people who lost money as covered by Mish and WSJ), except the part about plenty of accounts written by people who lost money through Schiff. Do you still claim that you read accounts that these people themselves wrote, like webstar claims?
 
questions from New end for me to answer

Was George Bush an asshole?
I am not one to use that terminology towards anyone. Profanity is not my style or preferred mode of expression. He certainly was not a good President of the United States of America. Perhaps one of the worst.

Is Obama nothing but a puppet of the corporations?
Every US President since the latter half of the 1800's has served the needs and wants of big corporations.


Who is better, Democrats or Republicans?
How would I make that choice? What is the criteria? Better in what way? I really do not understand what you are asking here.

Thank you for answering my questions.

Now, I have already addressed yours. And you can read in my responses to iddo why I think criticizing investment returns is irrelevant.

Why are you so angry at me because I state the obvious - that people cannot accurately predict the future?

They can, and they do. And they can give good reasoning as to why they believe it will happen too. I mean, you can watch somebody snort tweak and drink a fifth a day for 3 years straight, and you can say, with fairly good accuracy, short of a miracle, that they will end up in the hospital.

You can't say how much the bill will cost, nor can you even say for what... it could be blown sinuses, it could be liver failure, it could be a car accident. If you had to place a bet on those, it might even be hard to choose which one. Pick the wrong one, you lose. Or you can try diversifying... OK... I've taken the analogy far enough, I think you should be able to see my point now.

What I am saying, is you can indeed predict the future, especially when you see disastrous self-destruction, as Peter has seen the US doing to itself.

And again, I must stress, when you are talking about macroeconomic, entire system structural flaws, you are talking about something that has been going on for over 30 or 40 years now. The accuracy of time, and exactly when it is going to happen, is hard to gauge. However, the inevitability of it, is not. And inevitably, it came, in late 2007.

You know what else I know, and Peter knows is inevitable? Inflation. Big inflation. Maybe not hyper, but certainly debilitating. It may take 6 months, it may take 6 years. But it is inevitable. Mark mine and his words. And in between, we may even experience some deflation for a while. But I assure you, we will have inflation that will wipe all that out. No doubt in my mind. None at all.

Do you still claim that you read accounts that these people themselves wrote, like webstar claims?

Why are you obsessing over minutia? Whether it was themselves who wrote it, or Peter Schiff saying it happened, what does it matter? Was it themselves? I could have sworn it was on like Youtube. Get a mad investor, he will probably go to quite a few Schiff videos and complain. I have read supposed firsthand bad experiences, and Schiff himself has talked about them. So they exist. I just do not understand why you are belaboring this point.
 
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compare and contrast:
I gave you links where the loss of that money is discussed and the people who have lost it are named. If that is not enough for you, so be it.

There are plenty of people on the internet who have written how Schiff has lost them money. I have read their accounts.

webstar, why don't you own your words and admit that you let your imagination fly here?
 
YouTube acct names:

Mike Norman = mikeydoggy
Peter Schiff = SchiffReport

mikeydoggy :confused: Really ?

How about MikeNorman or mnorman or normanreport or mnreport or hardassetsinvestor or ?

To me mikeydoggy means you don't want people to be able to find you, for some reason... Wonder why? :)
 
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Why are you obsessing over minutia?

I agree that it's not a big deal, but there's a difference between a written account by the actual person who lost money and is willing to put his name on the line and describe his situation for everyone to see, as opposed to various claims mentioned in blogs and newspapers that sometimes contain misleading information, where the person who lost money could later claim that he was misquoted or wasn't aware of some info etc. Peter Schiff descibed some of these cases, see last video in post #13
I wonder why you insist that you have seen these supposed written accounts...
 
from iddo

webstar, why don't you own your words and admit that you let your imagination fly here?

I honestly do not know what you are talking about. When Peter Schiff admits that clients lose money and there are named people who say they lost money with him, what does imagination have to do with anything? You asked for proof and you got it. If you opt not to accept it for reasons of your own, you have that right. But you were given what you asked for.

Peter Schiff is not an economist. Peter Schiff is an investment counselor. Why are some folks so invested in the reputation of one Peter Schiff? I do not get it.
 
I agree that it's not a big deal, but there's a difference between a written account by the actual person who lost money and is willing to put his name on the line and describe his situation for everyone to see, as opposed to various claims mentioned in blogs and newspapers that sometimes contain misleading information, where the person who lost money could later claim that he was misquoted or wasn't aware of some info etc. Peter Schiff descibed some of these cases, see last video in post #13
I wonder why you insist that you have seen these supposed written accounts...

I have.. I've seen them in youtube comments. If you ever find one, think of me and Webstar. And Neither of us claimed they were using their personal name. I never claimed that, webstar never claimed that.


and webstar, if you are truly with us, I owe you an apology. But I have to tell you, 99.5% of us are damn sure that the government and press is lying to us, and we are indeed on the verge of a large collapse, not recovery. It's not just "wishful thinking" either. Its because America is binged out on tweak and whisky, and I know she is headed for the hospital big time. Hell, sometimes I think she is actually trying to kill herself.

;)

Peter Schiff is not an economist

Who cares? I don't believe Ron Paul is either. Doesn't mean they don't know what they are talking about.
 
what does imagination have to do with anything?
Your imagination came up with these words: "There are plenty of people on the internet who have written how Schiff has lost them money. I have read their accounts."
As I mention I don't think it's a big deal, but if you had said "I have read accounts of bloggers/competitors/newspapers describing people who lost money in a selected time frame", that would have sounded a little different than what your imagination came up with, no?
It's a pity that you refuse to own your words and admit this difference.

You asked for proof and you got it. If you opt not to accept it for reasons of your own, you have that right. But you were given what you asked for.

Phew, now your imagination is flying higher... I asked for the (plenty of) accounts written by people who lost money through Schff, that you claim to have read. Can you show me a single account written by someone who lost money through Schiff?
 
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My account is up over 30%. I took Peter's advice and doubled down back in November through March when foreign stocks were cheap. Peter was practically begging people to buy. All my stocks are now well off their lows and still paying nice dividends. The only clients that lost money would be the ones that did not trust their strategy to begin with and sold. It is too bad the people that liquidated their accounts last year will never admit they panicked and screwed up.



Someone needs to give Mike Norman a dictionary too because obviously he lacks one. What a fool.

revere : to show devoted deferential honor to : regard as worthy of great honor - Merriam Webster
 
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Here's the new one from Mike Norman. This guy is telling Schiff he needs help. Personally after watching the vid I think Mike Norman needs help. He's clearly frustrated by being made a buffoon on TV by Schiff. Big chip on shoulder...
YouTube - Peter, get some help!

Here is the video with the word reverence:
YouTube - CNBC, Goldman Sachs, Health Care Tax, Senate Run
I guess Peter should have used the word respect instead of reverence, and save Mike Norman precious 5 minutes of wasting time on that...

BTW for those who haven't seen it, here are Mike Norman and Peter Schiff in better days:)
http://www.ronpaulforums.com/showthread.php?t=204562
 
Mike Norman is the one who needs help.

A little timeline

2006-2008 - Peter and Mike appear together often on Fox News and FBN. Norman and Schiff usually take opposing sides in debate, but the debate seems friendly and cordial. Peter even appears on Norman's internet show.

Nov 2008 - "Peter Schiff was right" releases on YT. Mike Norman is in the video looking foolish predicting home prices would rise 10% in 2007.

Dec 2008 - Peter's last appearance on Norman's show. Norman concludes the show calling Peter, "a great guest."

Feb 2009 - Mish writes hitpiece, "Peter Schiff was wrong". Norman has Mish on his show and makes himself look like more of an ass than Mish. It was like the guy had been waiting the last 5 years for someone to write that article. A couple days later, Norman does a follow up, without Mish, and he compares Peter's rise in fame to Adolf Hitler's and his following to Jim Jones. He did mention Peter hasn't killed anybody. It was truly pathetic.
 
I was reading Mike Norman's site and he seems to contradict himself from one blog post to another. In one he is talking about China being the next economic leader and that's where to invest, the next he's refuting that interest rates are going to go up, because the Fed sets them low and that's where they will stay! I mean doesn't he realize that when China stops buying our debt they will either have to raise interest rates or the Fed will be the only one left buying? Who is this guy?
 
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Wow I thought the Peter Schiff=cockroach thing was over the line. But the ironically named "Peter Get some help" was disturbing. I'm worried about Peter Schiff. This guy is stalking him on the internet and making videos discussing Schiff's childhood and personal life. He's talking about stuff even his own family wouldn't even touch. All of this on the internet.

I was right about him months ago but even I didn't think it was this bad. Peter Schiff should get some security. This is getting really creepy.
 
iddo - I do not see the point in continuing for both of us to engage in the same back and forth when you want to be happy in a state of denial.

I think what we have here is a sort of ideological "rooting for the home team" going on. Peter Schiff subscribes to Austrian economics as do most libertarians here.
Peter Schiff is one of us.
We like him.
So when he got something right like the collapse of the housing bubble, we cheer for him and pat him on the back -- which is a fine thing to do.
We then extrapolate the fact that Schiff is an Austrian and then take it many steps further by saying that the Austrians saw this coming (and here is the really big jump) and thus everything they say about the economy is correct.

Anyone here ever hear about Nouriel Roubini? He is an economist who openly and in print predicted the collapse of the housing bubble before Schiff did. He then predicted lots of other things which eventually happened. His record of being accurate is pretty amazing. Here is his wikipedia entry

http://en.wikipedia.org/wiki/Nouriel_Roubini

what did he predict correctly?

In 2008, Fortune magazine wrote that: "In 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy. Back then the professor was called a Cassandra. Now he's a sage."[1] In September 2006, he warned to a skeptical IMF that: "The United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence, and, ultimately, a deep recession."[2] He also foresaw "homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt". The New York Times labeled him "Dr. Doom", whereas, in hindsight, IMF economist Prakash Loungani has called him "a prophet".[2]
As Roubini's descriptions of the current economic crisis have proven to be accurate, he is today a major figure in the U.S. and international debate about the economy, and spends much of his time shuttling between meetings with central bank governors and finance ministers in Europe and Asia.[2]. Although he is ranked only 410th in terms of lifetime academic citations,[3] Prospect Magazine, in January 2009, voted him #2 on its "list of the world’s 100 greatest living public intellectuals".[4] He has recently appeared before Congress, the Council on Foreign Relations, and the World Economic Forum at Davos.
Why don't we talk about Roubini instead of extolling Schiff?

Thats easy. Schiff is an Austrian and we like that while Roubini is not and we do not like that. Thats fine and we can like who we want to like and dislike who we want to dislike. But facts are facts and to deny them or attempt to twist them for our own ideological purposes only serves to give enemies fodder and serves to weaken the cause in the end when others bring up this information.
 
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I think the reason Roubini doesn't get as much coverage/praise form Libertarians is twofold

1. He was not as openly mocked as schiff was
2. his father isn't in prison for openly defying tax laws.

BTW, you can do a search here for Roubini if you want. ;) Also, Roubini does not speak English as well as Schiff, and schiff uses great analogies to explain why we are in a mess. There is also Hassam Taleb, author of The Black Swan, who I like, and Max Kaiser, both of whom saw and predicted this mess.

However, none of them got the media derision... and IIRC, Schiff himself said he supported Ron Paul on CNBC... which is probably one of the reasons he got such scoffing from the rest of the astrological chart readers on CNBC. And now that they have to eat dirt, we are glad he put his reputation on the line for supporting Paul, as well as for speaking the truth when nobody wanted to hear it.
 
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