Getbig Bodybuilding, Figure and Fitness Forums
October 19, 2014, 09:53:44 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1] 2   Go Down
  Print  
Author Topic: Petey Schiff Stumped When Challenged On His Hyperinflation Call  (Read 1166 times)
Hawk
Time Out
Getbig II
*
Gender: Male
Posts: 180


Django vonShaft, Ready For Revolution!


WWW
« on: November 27, 2012, 05:24:04 PM »

Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


<a href="http://www.youtube.com/watch?v=P_zWbWhmAUM" target="_blank">http://www.youtube.com/watch?v=P_zWbWhmAUM</a>
Report to moderator   Logged
magikusar
Time Out
Getbig IV
*
Posts: 2830


Team Ayn Rand


« Reply #1 on: November 27, 2012, 06:16:22 PM »

Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


<a href="http://www.youtube.com/watch?v=P_zWbWhmAUM" target="_blank">http://www.youtube.com/watch?v=P_zWbWhmAUM</a>

you know the debt is 17t right?

what if a teenager making 8/hr had 17,000,000 debt?

oops!!

its all ok i get it!!

also there has been massive inflation under obama anyway

all the bubble price houses are now solid at those insane prices

gas went from 1.50 to 5

milk 4$ a gallon

Smiley

google purchasing power
Report to moderator   Logged
magikusar
Time Out
Getbig IV
*
Posts: 2830


Team Ayn Rand


« Reply #2 on: November 27, 2012, 09:12:36 PM »

Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


<a href="http://www.youtube.com/watch?v=P_zWbWhmAUM" target="_blank">http://www.youtube.com/watch?v=P_zWbWhmAUM</a>

I actually watched this this time.

Typical democrat, spews 10 lies and then wants some explanation.

The answer is you are wrong.  You have your facts wrong.

There has been massive  inflation even though the debt is piling up.
BAM!!
Report to moderator   Logged
240 is Back
Getbig V
*****
Posts: 83986


Complete website for only $300- www.300website.com


WWW
« Reply #3 on: November 27, 2012, 09:34:07 PM »

He'll be right, eventually.   His books sell awesome because he's right - it'll happen someday and he is helping people prepare for it.

He has to make it seem like it's goin' down any second.   Or people ignore him.
Report to moderator   Logged

Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #4 on: November 28, 2012, 05:11:26 AM »

Gas is 4 dollars, food rising, healthcare skyrocketing, etc etc.
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #5 on: November 28, 2012, 05:17:47 AM »

Gas is 4 dollars, food rising, healthcare skyrocketing, etc etc.

Thats why we never want a republican in the white house again.

Tax cuts for the wealthy and wars needs to be paid for. Republicans send the bill to the middle class and keeps their voters on welfare they are sucking us dry this party.
Report to moderator   Logged
Fury
Getbig V
*****
Posts: 21030


All aboard the USS Leverage


« Reply #6 on: November 28, 2012, 07:41:27 AM »

Thats why we never want a republican in the white house again.

Tax cuts for the wealthy and wars needs to be paid for. Republicans send the bill to the middle class and keeps their voters on welfare they are sucking us dry this party.

What was the price of gas when Obama took office? 

Enjoy the inflation due to Obama and Bernankicide pumping trillions of dollars of funny into the global economy. LOL!
Report to moderator   Logged
GigantorX
Getbig V
*****
Posts: 5462


GetBig's A-Team is the Light of Truth!


« Reply #7 on: November 28, 2012, 09:09:49 AM »

Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #8 on: November 28, 2012, 02:49:58 PM »

Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.

+1
Report to moderator   Logged
magikusar
Time Out
Getbig IV
*
Posts: 2830


Team Ayn Rand


« Reply #9 on: November 28, 2012, 07:44:21 PM »

you  under stadn that schiff called 2008 right?

soros and lefty idiots did not
Report to moderator   Logged
GigantorX
Getbig V
*****
Posts: 5462


GetBig's A-Team is the Light of Truth!


« Reply #10 on: November 29, 2012, 03:08:14 PM »

+1

I've gotten 2 +1's from you in the last few days...

Where is whork and what have you done with him?
Report to moderator   Logged
Shockwave
Getbig V
*****
Posts: 20584


Decepticons! Scramble!


« Reply #11 on: November 29, 2012, 06:48:19 PM »

Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.
Doesn't the fed actually have a set % of inflation they shoot for each year?
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #12 on: November 29, 2012, 07:51:16 PM »

increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.
Report to moderator   Logged
whork
Getbig V
*****
Posts: 5530


Getbig!


« Reply #13 on: November 30, 2012, 06:06:34 AM »

I've gotten 2 +1's from you in the last few days...

Where is whork and what have you done with him?

He is buried in the backyard Wink

We might not agree on everything but you have some good insightful posts.

I think its great to learn and see things in a new perspective.

Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #14 on: December 02, 2012, 08:43:51 PM »

increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.

This isn't the case, however.
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #15 on: December 02, 2012, 09:29:46 PM »

This isn't the case, however.
so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.
Report to moderator   Logged
magikusar
Time Out
Getbig IV
*
Posts: 2830


Team Ayn Rand


« Reply #16 on: December 02, 2012, 09:45:36 PM »

Schiff should be president not Obama.

He is decades ahead of neanderthals like krugman.
Report to moderator   Logged
Soul Crusher
Competitors
Getbig V
*****
Posts: 9194


Doesnt lie about lifting.


« Reply #17 on: December 03, 2012, 02:08:50 AM »

so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.

Good god are you nuts.
Report to moderator   Logged
magikusar
Time Out
Getbig IV
*
Posts: 2830


Team Ayn Rand


« Reply #18 on: December 03, 2012, 02:29:29 AM »

so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.

tbombz do you know the difference between the austrian school and the keyensian school?

or do you just think things happen in a historical dialectic or some shit?
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #19 on: December 03, 2012, 05:34:06 PM »

Good god are you nuts.

X2
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #20 on: December 03, 2012, 07:01:16 PM »

Good god are you nuts.
i guess you dont pay attention to the economic reporting of the u.s. media and federal reserve?  where do you get your information?
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #21 on: December 03, 2012, 07:05:43 PM »

tbombz do you know the difference between the austrian school and the keyensian school?

or do you just think things happen in a historical dialectic or some shit?
i dont think those questions are mutually exclusive, magikusar  Smiley

"keynesian" = spend when in bad times, save when in good times.

"austrian" (more like= Freidrech Von Hayekism)= fiscal policy and economic regulations should both be as limited and as conservative as possible.


and you know what, I agree with Von Hayek.    But that doesnt mean I think all spending is bad.  Nor does it have anything to do with the money supply.
Report to moderator   Logged
Mr.1derful
Getbig IV
****
Gender: Male
Posts: 3279


Putin is Alpha. Stephen Harper is a NATO puppet


« Reply #22 on: December 03, 2012, 07:57:07 PM »

i guess you dont pay attention to the economic reporting of the u.s. media and federal reserve?  where do you get your information?

 Roll Eyes  I really hope you're joking. 
Report to moderator   Logged
tonymctones
Getbig V
*****
Gender: Male
Posts: 25256



« Reply #23 on: December 03, 2012, 08:07:01 PM »

increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.
yes it would b/c you will have to increase the amount of employees or hours to produce the additional goods/services especially now with companies having already cut their expenses to the bone. The result will be an overall increase in money into the economy resulting in inflation.

Those rules they give you in class are generally in a bubble dizzle, this is why you need real world experience in order to apply them correctly.
Report to moderator   Logged
tbombz
Getbig V
*****
Gender: Male
Posts: 19161


Psalms 150


« Reply #24 on: December 03, 2012, 08:25:43 PM »

yes it would b/c you will have to increase the amount of employees or hours to produce the additional goods/services especially now with companies having already cut their expenses to the bone. The result will be an overall increase in money into the economy resulting in inflation.

Those rules they give you in class are generally in a bubble dizzle, this is why you need real world experience in order to apply them correctly.
i dont see how what you said in anyway contradicts the notion that increasing the supply of goods and services can balance out an increase in the money suppply to avoid inflation.

value of money is dependant on the ratio of money supply to supply of goods and services.

you have 1 dollar and 1 apple.  dollar=apple.
you have 1 dollar and 2 apples. 1/2dollar=apple.
you have 2 dollars and 1 apple. dollar=1/2apple.


see?

Report to moderator   Logged
Pages: [1] 2   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.20 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!