Petey Schiff Stumped When Challenged On His Hyperinflation Call

[Hawk]

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

[magikusar]

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

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



google purchasing power

[magikusar]

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

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!!

[240 is Back]

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.

[Soul Crusher]

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

[whork]

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.

[Fury]

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!

[GigantorX]

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.

[whork]

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

[magikusar]

you  under stadn that schiff called 2008 right?

soros and lefty idiots did not

[GigantorX]

+1

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

Where is whork and what have you done with him?

[Shockwave]

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?

[tbombz]

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

[whork]

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

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.

[Mr.1derful]

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.

[tbombz]

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.

[magikusar]

Schiff should be president not Obama.

He is decades ahead of neanderthals like krugman.

[Soul Crusher]

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.

[magikusar]

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?

[Mr.1derful]

Good god are you nuts.

X2

[tbombz]

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?

[tbombz]

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 

"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.

[Mr.1derful]

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

   I really hope you're joking. 

[tonymctones]

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.

[tbombz]

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?