Now they are getting mad at Schiff
Is that an inference or are you taking that as implied from what Peter Schiff says in this interview (as far as he is able to say anything given the behaviour of Mr Leeb)? If the former, I certainly don’t get that impression. What he DOES appear to be saying is that what the Government is doing now, for the problems that are faced now, is wrong and with that I agree. [/quote]
I’m not sure what you’re referring to, I have heard enough from Schiff to at least have the impression that he is against any and all government interference in the free market system. As to the specific issue of quantitative easing, I’m simply not sure that he is right. Financial institutions do seem to be stabilizing, gold isn’t going through the roof, the dollar is still strong, gas is cheaper and the markets are moving sideways instead of down. Part of me feels that this is the calm before the storm, and the storm will hit soon after the new year, and another part thinks that just maybe the guys at the fed and treasury might have an inkling about what they’re doing.
[quote]Let’s not forget the REAL meaning of the euphemism ‘Quantitative Easing’ – printing dollars as fast as possible (or inputting 0s and 1s as fast as the computers will do so, so that Ben can say with a completely straight face ‘We are NOT printing more dollars’). Is that going to make people spend when they don’t want to? I don’t think so.[/quote]
That’s the question, isn’t it? Will people continue their credit binge or will they do the right thing and save? If they do the former, they may delay the payback that is coming, but if they do the latter, they will bring on the crisis sooner rather than later. At least, that’s my impression. But, I really don’t know the answer. That’s why I’m asking for opinions.
that squaking flapping dude is intolerable, like a desperatly hungry baby bird nesting in your ear, he asks a dumb question and then continually interupts so it cant be answered. Embarrasing
…hasnt everything that Stephen Leeb said … in that segment since been shown to be a load of old bullocks? he should try listening for once and save us from that blackboard scraping voice
[quote=rufus]I find all the screaming and yelling on these shows to be silly and comical. [/quote]
[quote=castlewp]It makes me wonder why CNN would have this dolt on to debate Schiff. I just love how calm Peter is against this guy. [/quote]
Thanks castlewp for the post,
I recommend that everyone watch this for the comedy value. I’m still LOL.
All the best,
It is all part of the show. Make the show redicoulous and at the same time they make Schiff redicoulous.
great idea to short Leeb!, here’s his fund http://finance.google.com/finance?q=MUTF:LCMFX
I couldnt find Schifffs, I dont think its listed, but if anyone knows different it would be great to compare the 2 directly
And heres the deja-vu video from early Oct (I think) where they had a similar squaking match http://www.youtube.com/watch?v=UCBS9tnIx6Y Leebs fund has gone down considerably since then. Notice also his brag about having predicted the crash 2 years before Schiff, if he did see it coming, why did he allow his fund to plummet 45% or so? I think the difference is one of panic, Leeb was panicking then and is panicking even more now. Schiff on the other hand seems comfortable and confident. Id love to see a chart of Schiffs fund, Euro Capital Management I think its called.
Squak squak, flap flap, fall fall, splat.
If you had asked me to write a list of 25,000,000,000 people who might appear as a vocalist on some dance music Mr SLeeb would NOT have been on that list
Oh no, damm, sorry about the above typo, obviously there is a space between S and Leeb, no disrespect intended
wow. how can Schiff put up with this guy. He’s like the short kid in grade school that has to be right. Like nails on a chalkboard.