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Old 03-09-2009, 02:24 PM
 
Location: Raleigh, NC
9,059 posts, read 12,976,623 times
Reputation: 1401

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YouTube - Schiff Interview 3:4:09 pt 2
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Old 03-09-2009, 02:42 PM
 
Location: North Carolina
799 posts, read 1,445,898 times
Reputation: 230
I don't agree with all of his theories but I have learned a lot from him and saved a ton when the market declined. I hope he's wrong about bonds but I know he is at least half right so we are already screwed. I hope people start listening to economists more and politicians less. Very few people seem to understand what is happening and what may happen. These are exciting times we are living in.
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Old 03-09-2009, 02:46 PM
 
Location: New York, New York
4,906 posts, read 6,850,341 times
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Quote:
Originally Posted by ViewFromThePeak View Post
Schiff obviously shows no understanding of Keynes and much less modern Keynes. Lets not forget that Keynes biggest critics theories have been utterly disasterous.
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Old 03-09-2009, 02:57 PM
 
1,490 posts, read 2,033,887 times
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Quote:
Originally Posted by Majordomo View Post
I don't agree with all of his theories but I have learned a lot from him and saved a ton when the market declined. I hope he's wrong about bonds but I know he is at least half right so we are already screwed. I hope people start listening to economists more and politicians less. Very few people seem to understand what is happening and what may happen. These are exciting times we are living in.

My husband tells me that I chose the right man for the times ahead. He is not an alarmist.

I don't agree with everything Schiff says but he is a smart guy. We moved 80% of our 401K into treasuries....I guess if the system fails it won't matter.

We have a lot of things to barter. I hope it doesn't come to that but we can take care of a lot of people if it does....Exciting times, indeed.
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Old 03-09-2009, 03:00 PM
 
Location: Raleigh, NC
9,059 posts, read 12,976,623 times
Reputation: 1401
Quote:
Originally Posted by lamexican View Post
Schiff obviously shows no understanding of Keynes and much less modern Keynes. Lets not forget that Keynes biggest critics theories have been utterly disasterous.
What mathematical proof can you cite to verify this claim?
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Old 03-09-2009, 03:11 PM
 
Location: New York, New York
4,906 posts, read 6,850,341 times
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Quote:
Originally Posted by ViewFromThePeak View Post
What mathematical proof can you cite to verify this claim?
Not mathematics just his inability to explain its philosiphy and how it works.
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Old 03-09-2009, 03:14 PM
 
29,939 posts, read 39,480,300 times
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http://humorland.wordmess.net/files/2008/10/zw011.jpg (broken link)
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Old 03-09-2009, 03:15 PM
 
29,939 posts, read 39,480,300 times
Reputation: 4799
That's why it works. Because the planners use all sorts of math and graphs and figures and they have all the answers. They still haven't figured out you can't explain humans or right enough laws to suppress them or their ingenuity. The point of free markets.... Well you can make enough laws to suppress them but then why would they be in the market place?
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Old 03-09-2009, 03:15 PM
 
19,198 posts, read 31,487,419 times
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Originally Posted by Majordomo View Post
I hope people start listening to economists more and politicians less.
Peter Schiff is not an economist. He is a stock broker whose training is in finance and accounting.
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Old 03-09-2009, 03:16 PM
 
31,387 posts, read 37,070,009 times
Reputation: 15038
Quote:
Originally Posted by ViewFromThePeak View Post
Can you, in your own words, not links, no video clips, describe the essence of Keynesian economics?
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