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.