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

[iddo]

you want to be happy in a state of denial.

What am I denying, that there are accounts written by people who lost money through Schiff? I'm not even denying that, I'm just saying that I haven't seen such written accounts and asked you to share your knowledge with me, but since you're unable to do that, I concluded that what you write is filled with bullshit (note: I'm not saying that it's bullshit that Schiff's clients lost money in 2008, I mentioned that I already knew that that's true, I'm saying that what you wrote is bullshit).

Why don't we talk about Roubini instead of extolling Schiff?

One reason is that Roubini supports the Keynesian stimulus programs that repeat the same mistakes?

 

[ctiger2]

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.

Of course. How about Jim Rogers, Marc Faber, Gerald Celente as well. Schiff wasn't the only one. Schiff however, is the only one possibly running for Senate as a free market liberty candidate and that's what these forums are about.

 

[ctiger2]

Peter Schiff from 2002.

YouTube - 05/09/2002- Part 1 Peter Schiff Interview On Southland Today

YouTube - 05/09/2002-Part 2 Peter Schiff On Southland Today

 

[webstar]

NewEnd
I think your mention of his problem with the English language is indeed a major factor. I really do think its a great deal of us rooting for one of us. Maybe its my own problem because I have always been something of a contrarian; ie - rejecting rooting for the home team and being skeptical to the point where people tell me just to "shut up". If I lived in Orlando I would hate Disney World. But thats just me.

 

[webstar]

iddo
I think you would have been just perfect at some of those ancient Catholic Church synods where they debated for weeks about how many angels could fit upon the head of a pin or if God could make a rock so heavy even He could not lift if. You missed your calling.

 

[NorwegianLibertarian]

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.

And the fact that he supports the bailouts and money printing. He is a Keynesian in my eyes.

 

[iddo]

how many angels could fit upon the head of a pin

but i'm not the one with a wild imagination, you're the one making claims about written accounts that you've read, even though these written accounts exist only in your head
it's a pity that now you will say anything other than admitting it, some might suspect that the other stuff you write is also full of bullshit...

 

[ctiger2]

And the fact that he supports the bailouts and money printing. He is a Keynesian in my eyes.

Schiff mentioned that he recently met Roubini for the first time and was expecting a nice debate/conversation. He was surprised to find out that Roubini shared many of the same beliefs as him and that he just hadn't conveyed those "Schiff" thoughts to the media.

 

[stag15]

Schiff mentioned that he recently met Roubini for the first time and was expecting a nice debate/conversation. He was surprised to find out that Roubini shared many of the same beliefs as him and that he just hadn't conveyed those "Schiff" thoughts to the media.

I am sure Roubini has special interests. He knows that what he says will get publicized everywhere. He doesn't want to sound too radical as he could probably move the markets.

 

[Mitt Romneys sideburns]

I dont see why what goes on in Schiff's financial firm has any relevance at all. Schiff is not liked around here because of his stock picks. He is liked because of his analysis of the state of the economy and the impact of government actions.

 

[djfirm]

I dont see why what goes on in Schiff's financial firm has any relevance at all. Schiff is not liked around here because of his stock picks. He is liked because of his analysis of the state of the economy and the impact of government actions.

ding ding, we have our winner.

 

[skyorbit]

He didn't loose money for them. All those people kept getting their dividend checks.

You buy a stock based on the dividend yield. If I pay $100 for a stock, and I make $20 a year from that stock, and the price drops down to $60. I'm still making $20 a year! Of course I'm going to buy a whole bunch more stock in that company because -- as long as the fundamentals are still sound -- it's on sale.

What is the loyal fascination with Schiff anyways? So he preidicted the housing bubble collapse? So what? Is that some great achievement that nobody else did?

He spends better than two minutes explaining that he should not be criticized for making predictions that have not yet come true because someday, somehow, someway they will. that is pretty funny.

Here are my predictions. Write them down. I will bet a ton of money with anyone that they will come true. I get to hold the money. Just keep in mind - like Peter Schiff, the rules are there is no time limit. Just be patient.

1- The Chicago Cubs will win a World Series.
2- The Republican candidate for President of the USA will win.
3- Barack Obama's standing in the polls will decline.
4- Its going to be a really tough winter.
5- Floods will destroy lots of homes in the midwest along the Mississippi River basin.
6- A large earthquake will kill thousands of people.
7- An airplane crash will kill over 200 people.
8- The price of gas will exceed $4 a gallon.
9- The Atlanta Flames will win the Stanley Cup.
10 - People will get angry at me for ripping on Peter Schiff.

Come on people, if Peter Schiff is so great at predicting the future why does he lose money for his own paying clients which by the way is his main job for heavens sake? Explain that to me.

 

[skyorbit]

Of course. How about Jim Rogers, Marc Faber, Gerald Celente as well. Schiff wasn't the only one. Schiff however, is the only one possibly running for Senate as a free market liberty candidate and that's what these forums are about.

Yeah. I new and read Jim Rogers and Bill Bonner a couple years before I knew who Peter Schiff was.

I wouldn't really call any of them "austrian Economists" though.

I would say, it's this handful AND the Austrian Economists that got it right.

Tracy

 

[dave68]

I switched my IRA`s from one firm who could not see anything was wrong with the economy when it was obvious to me to Peter`s firm. This was right when oil was going through the roof. When the market was crashing I was making money in the oil stocks I picked with my broker. Then oil prices collapsed. I lost 1/2, but if I stayed with my old advisor I would have been in the exact same position or worse. I am getting great dividends, and have recouped a lot of my loss. Have also diversified into some foriegn stocks that are doing well.
I don`t blame Peter`s firm. I support him, and enjoy his TV debates. I admire him for going on these shows even though he get`s such a hard time for it. He is right about a lot of predictions. More than most. Aren`t you glad the recession is over, and this bull market will continue higher, lol!! That`s what almost everyone says all day on CNBC, and Bloomberg.

 

[surf]

webstar - do you really believe the Cubs will win the World Series before baseball implodes (or in your lifetime)?

BTW - you, imo, are correct in questioning those that want to ban you, but in the meantime i hope you'll consider freedom, liberty, and the benefits thereof and take the time to scan these forums and the various topics for educational purposes. i've found that even the most cynical relative to the value of freedom are having a tough time dismissing this economic clusterf#ck we find ourselves in and are beginning to grasp the concept that it doesn't matter which chosen idiots (save Ron Paul and a handful of others) are in positions of "power."

 

[Thrashertm]

What is the loyal fascination with Schiff anyways? So he preidicted the housing bubble collapse? So what? Is that some great achievement that nobody else did?

He spends better than two minutes explaining that he should not be criticized for making predictions that have not yet come true because someday, somehow, someway they will. that is pretty funny.

Here are my predictions. Write them down. I will bet a ton of money with anyone that they will come true. I get to hold the money. Just keep in mind - like Peter Schiff, the rules are there is no time limit. Just be patient.

1- The Chicago Cubs will win a World Series.
2- The Republican candidate for President of the USA will win.
3- Barack Obama's standing in the polls will decline.
4- Its going to be a really tough winter.
5- Floods will destroy lots of homes in the midwest along the Mississippi River basin.
6- A large earthquake will kill thousands of people.
7- An airplane crash will kill over 200 people.
8- The price of gas will exceed $4 a gallon.
9- The Atlanta Flames will win the Stanley Cup.
10 - People will get angry at me for ripping on Peter Schiff.

Come on people, if Peter Schiff is so great at predicting the future why does he lose money for his own paying clients which by the way is his main job for heavens sake? Explain that to me.

Historically Schiff has not actively managed his client's portfolios. Europac merely assists a client in the purchasing of particular recommended stocks, most of which are in Asia. These stocks are selected based on Peter's macroeconomic view, as well as tried and true metrics such as Price/Equity ratios. If you agree with Schiff's approach, then you can invest with him knowing the risks. If you disagree, then by all means try some other investing strategy based on short-term action.

However, don't mistake the short term movements in the markets, which are often caused by market manipulators (Goldman Sachs, the US Govt, the Federal Reserve), with the long term trends. The dollar has lost 96% of its value since 1913, and this trend looks like it will only accelerate as the Fed keeps printing money. Our savings rate has been negative until quite recently, while the Chinese save a tremendous amount. Unless you're a trader, you shouldn't ignore these facts.