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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on April 17, 2009, 10:28:39 AM
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Now, who was right???????
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Peter Schiff Was Wrong
http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html
There are numerous YouTube videos, articles, and references to Peter Schiff being "right" rapidly circulating the globe. While Schiff was indeed correct about the US imploding, most of the praise heaped on Schiff is simply unwarranted, and I can prove it.
First, let's start with a look at the claim being made. Peter Schiff concludes many of his articles, books, etc. with the following statement........
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Rather than posting other peoples' garbage, why dont you actually watch the video.
Tell me what you disagree with.
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Another gem from Schiff.
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Sure he called the implosion of the market. But he cites the wrong reasons.
Schiff is dead wrong about the reasons for this collapse. Not a little wrong. A whole lllllot wrong. He's an anti-gov. nut like his old man.
Schiff's pedigree is not good. His father is a rabid anti-tax nut. He's got it bad. While that is not an iron clad indictment of the son, the apple doesn't fall too far from the tree.
I have also seen rather lengthy lists of things of which Schiff was dead wrong...things that cost his clients a lot of dollars
Roubini and Krugman also called the economic freefall far ahead of the field.
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Sure he called the implosion of the market. But he cites the wrong reasons.
Schiff is dead wrong about the reasons for this collapse. Not a little wrong. A whole lllllot wrong. He's an anti-gov. nut like his old man.
Schiff's pedigree is not good. His father is a rabid anti-tax nut. He's got it bad. While that is not an iron clad indictment of the son, the apple doesn't fall too far from the tree.
I have also seen rather lengthy lists of things of which Schiff was dead wrong...things that cost his clients a lot of dollars
Roubini and Krugman also called the economic freefall far ahead of the field.
Whats the whollllle llllloota wrong and who hasnt lost money in these times? Even Warren Buffett’s Berkshire Hathaway Inc. posted a fifth-straight profit drop, Buffett said in his shareholder letter that he made a “major mistake” in buying shares when oil and gas prices were near their peak.