Peter Schiff...what more need I say?
Wrong on interest rates
Wrong on unflation
Wrong on US growth
Wrong on the dollar
Wrong on gold
Wrong on China
Wrong on US stocks
Wrong even on housing
And there's poor little Lauren Lyster of RT, trying so hard to save this fool and make him look smart. Keep trying, Lauren...keep trying.
6 comments:
didn't he "guarantee" hyper awhile back
Segment one: the government is hiding the degree of current high inflation.
Segment two: retailers lured shoppers with massive discounts.
Wonder if Pete caught his own contradiction.
alternate versions:
peter schiff stumped like a chump when challenged on his hyperinflation call on capital account:
http://www.youtube.com/watch?v=P_zWbWhmAUM&lc=QPo78AF8towyLBSc7l6mw8MEbgqZY2gQ6J2J13a_wz0&feature=inbox
peter schiff's lame explanation as to why his usd collapse call has failed miserably:
http://www.youtube.com/watch?v=yHGu_k9FNbA
lauren lyster's roundhouse knockout on peter schiff - "how do you explain the yen then?":
http://www.youtube.com/watch?v=uPW05BOKzp0
bonus track with supporting data for mike's description:
http://www.youtube.com/watch?v=hJqKR7JvIps
7 out of 7 home runs again - bob roddis would be proud.
Cris:
"Wonder if Pete caught his own contradiction."
Excellent observation.
but negative tho, they cant discern contradiction. They always exhibit this failure...
This ability to discern contradiction, which is a basic characteristic of intelligence, is something that they all have lost... leads then to hypocrisy too... amazing.
rsp,
Matt,
Why is that a contradiction?
One is a macro trend, the other is a micro event.
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