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  1. #1
    Banned rentfreein's Avatar
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    Someone defend peter Schiff, Ron Paul types

    Always predicting crashes. Have had like 2 in 25 years. Always saying the economy is bad.
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  2. #2
    Registered User cavillac's Avatar
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    Kinda the same with Micheal Burry. He used technical data and fundaments 14 years ago to predict the housing crash and has a new prediction every week about a new crash.

    Peter Schiff is just trying to get people to invest in his gold fund.

    Ron Paul doesn't really try to sell you on anything allthough he has been trying to get people funneled over to Birch Gold over the last couple months. He basically explains though why fiat is not real money like gold from an Austrian economics standpoint and why Keynsian economics and central planning don't work. I can't think of anything he has been wrong about? If he has been saying the dollar has been losing value every day for the last 40 years he has essentially been right..
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  3. #3
    Registered User MarioMiami305's Avatar
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    peter schiff correctly predicted the 2008 finanical crisis and he also has been right about this crisis as well. he's been beating the drums on the federal reserves reckless monetary policy for over a decade.

    he's been wrong about gold, but he will eventually be right because it's beeing pushed down by a strong USD. once the dollar dumps and the fed pivots, gold goes parabolic,.
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    Ron Paul just calls out our terrible monetary policy for the most part. He loves gold (and bitcoin now).
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  5. #5
    Banned rentfreein's Avatar
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    Originally Posted by MarioMiami305 View Post
    peter schiff correctly predicted the 2008 finanical crisis and he also has been right about this crisis as well. he's been beating the drums on the federal reserves reckless monetary policy for over a decade.

    he's been wrong about gold, but he will eventually be right because it's beeing pushed down by a strong USD. once the dollar dumps and the fed pivots, gold goes parabolic,.
    But, he is always predicting a crash.
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  6. #6
    Registered User MarioMiami305's Avatar
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    Originally Posted by rentfreein View Post
    But, he is always predicting a crash.
    "???

    he was beating the drums on this bubble for over a decade. have you seen stock prices from their ATH? We ARE crashing....
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  7. #7
    Rarely here jafomofo's Avatar
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    peter schiff is a clown. ron paul simply says our monetary policy is unsound which it is. Burry knows his **** but they propped this **** up too high for too long.

    The economy is explicitly set up now to boom and bust periodically so calling it isn't really a meaningful prediction
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  8. #8
    Registered User MarioMiami305's Avatar
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    Originally Posted by jafomofo View Post
    peter schiff is a clown. ron paul simply says our monetary policy is unsound which it is. Burry knows his **** but they propped this **** up too high for too long.

    The economy is explicitly set up now to boom and bust periodically so calling it isn't really a meaningful prediction
    a clown who accurately predicted the 2008 crisis and has been talking about our bubble for over a decade and everything hes said has been totally correct.

    let me guess u bought spy @ 470. LOL
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    Listen to schiff weekly crew. He has great anlysis of the weekly events and predictions in the short term. Does a good job of pointing out the flaws of certain strategies. Skips the last 10 minutes when he shills his gold fund in Puerto Rico crew as well.
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  10. #10
    Registered User Heaney's Avatar
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    Originally Posted by MarioMiami305 View Post
    "???

    he was beating the drums on this bubble for over a decade. have you seen stock prices from their ATH? We ARE crashing....
    So he was wrong for a decade of ATHs ? Strong. If you predict a crash every week for over a decade and historically we've had a recession almost every decade eventually you'll be "right".
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  11. #11
    Registered User MarioMiami305's Avatar
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    Originally Posted by naich View Post
    Listen to schiff weekly crew. He has great anlysis of the weekly events and predictions in the short term. Does a good job of pointing out the flaws of certain strategies. Skips the last 10 minutes when he shills his gold fund in Puerto Rico crew as well.
    his podcasts are great. he's been accurate on everything happening and he's been saying it for a decade.

    he's been wrong on the price of gold, but eventually he will be right. No one could've predicted the strong USD, but eventually that will dump as well.

    Once the USD loses the world reserve currency, it's game over.
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  12. #12
    Registered User MarioMiami305's Avatar
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    Originally Posted by Heaney View Post
    So he was wrong for a decade of ATHs ? Strong. If you predict a crash every week for over a decade and historically we've had a recession almost every decade eventually you'll be "right".
    no, he's been calling it a huge bubble for the last decade. he doesn't predict a crash....do you even listen to him?
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  13. #13
    Registered User Heaney's Avatar
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    Originally Posted by MarioMiami305 View Post
    no, he's been calling it a huge bubble for the last decade. he doesn't predict a crash....do you even listen to him?
    Calling something a "bubble" is inherently predicting a future crash. Do you even logic?

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  14. #14
    Rarely here jafomofo's Avatar
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    Originally Posted by MarioMiami305 View Post
    a clown who accurately predicted the 2008 crisis and has been talking about our bubble for over a decade and everything hes said has been totally correct.

    let me guess u bought spy @ 470. LOL
    he's a perpetual doomsayer so of course when a crash happens he will be out their claiming credit for 'calling it' but he didn't cash in on the crash like burry which means that he's all talk. He also spent the entirety of the late 00s and early 2010s saying we would see parity between the dow and gold, specifically gold at 30K.

    Now he sells gold jewerly as a form of capital preservation.

    The guy is a straight up clown.
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  15. #15
    Registered User brbacquiring's Avatar
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    kek, this thread. In trading or investing, someone is "right" if they made money, simple as that. Anyone can say a load of chit for years and years and years and then point out that it finally kind of came true. But if someone else was ignoring them the whole time and doing something else, and made tonnes of money first, then that person was right (or more right) than the other.

    I actually don't mind Schiff all that much (although he is definitely a clown, kek), but who was more "right", him because BTC dumped again (whoa, so surprising) or the guy who rode it up for the past ten years and got rich af, but was always bullish and missed the top last year? Whoever made the most money was "right".
    Could have been a slayer.
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  16. #16
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    peter schiff crew checking in
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  17. #17
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    a broken clock displays the correct time twice per day

    Michael Burry, Robert Kiyosaki, etc.
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