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I know you're well intentioned, but nobody takes Peter Schiff seriously and for good reason. The fact that you listen to him says a lot about you... I'd highly recommend studying Keynes and look at it with an open mind.
If you're looking for a debate, you will have to find someone else because it just isn't a good use of my time.
Ha! Schiff predicted the Mortgage Crash while everybody else called him crazy.
Now Schiff is explaining the situation with the Fed, and everybody is calling him crazy.
When are you guys going to realize that Peter Schiff is CORRECT!
Things are reasonably well in Metro Detroit. Many employers struggle to fill jobs. Last time there was a recession, we felt it first.
From my vantage point, we are in a deflationary cycle. The only way to change this is to see wage growth or more of the fed's "medicine". As far as I'm concerned, the fed F'ed everything up to begin with. People are suffering as a result of stupid people playing god with our monetary and trade policies.
As a worker, I have been short changed all my life. So, I could care less what's around the corner. I know it will probably suck and there's nothing I can do about it. Rinse, wash, repeat.
Ha! Schiff predicted the Mortgage Crash while everybody else called him crazy.
He made doomish predictions every year before that too, and has done the same every year since. He was the broken clock, and now he makes a living trading on that one time he finally got it right.
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Originally Posted by jotucker99
When are you guys going to realize that Peter Schiff is CORRECT!
He might be, but it would be foolish to credit his predictions based on his previous accuracy. If you had managed your portfolio based on his calls on hyperinflation, dollar collapse, stock market ruin, etc. you'd have come out way behind, just as the funds he managed did.
Millenials have no power other than the few rich silicon valley kids like Mark Zuckerberg who is also supporting taking jobs away from Americans and only give his friends high paying jobs.
Mark Zuckerberg only gives his friends high paying jobs? Facebook has over 10,000 employees and a median salary most would consider high paying. Are you thinking those are 10,000 of his friends?
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In a decade or so, all the high tech jobs will be outsourced to Indian outsourcing companies just like how the manufacturing jobs all went to China.
1. All the high tech jobs won't all be outsourced to India, people were claiming this 15 years ago when outsourcing to India took off and they were wrong too. Domestic growth of tech demand has easily outpaced loss of high tech jobs to outsourcing.
2. All the manufacturing jobs didn't go to China. The US is way off their peak in 1980 (partly due to offshoring, partly due to productivity gains) but there are over 12 million manufacturing jobs in the US today.
Dude? Is that a Foreign car or truck I see you driving? Was that you I saw pulling out of Walmart? Do you care about and vote, for a strong working middle class for America, or do you spend your time just dreaming about how good things will be for you if we screw America and Americans...and You win the lottery or Inherit a Fortune from some until now, known relative?
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Originally Posted by jotucker99
Dude no rate hike is coming, you are probably going to see NEGATIVE rates before soon.
The Fed's phony pumped up economy on Zero Interest Rates have failed, and they have no more damn tricks in the box left.
All of these "jobs" being created are flat out bull___ jobs that don't address raising cost of living. If you are a damn Millennial you might not EVER be able to afford to make a child on average with these so called "jobs" being created.
This is just crap man! Corporate Fascists have screwed us again! The Fed, Big Government, Big Business, Big Academia, The Media....they are all SCREWING us over!
Dude? Is that a Foreign car or truck I see you driving? Was that you I saw pulling out of Walmart? Do you care about and vote, for a strong working middle class for America, or do you spend your time just dreaming about how good things will be for you if we screw America and Americans...and You win the lottery or Inherit a Fortune from some until now, known relative?
Whats a foreign vs US built truck? A Ford built in Mexico or a Toyota built in USA?
The fed is only covering up for the administration.
Yes, but it's still fallout from the errors of the Bush administration that are being worked on here.
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