Kyle Bass, Bill Gross, John Paulson all the other idiots trapped in a totally misinformed view of the monetary system and now you can add to that, John Taylor of FX Concepts, whose once $14 billion fund is down to practically nothing.
And that should be no surprise.
Listen to Taylor on CNBC telling everybody over a year ago to invest in gold because "they're gonna start pumping" and he uses all of the same, incredibly dumb arguments of morons like Peter Schiff, Nassim Taleb, etc.
(Of course, CNBC constantly puts these guys all over their air and that's why CNBC's ratings suck and are plummeting. Hello, CNBC????)
These guys--all MMT detractors--are losing their ass in the current environment. They're so, so, wrong. I, for one, am elated to see them stripped of their money.
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http://www.youtube.com/watch?v=H15ELCdjmaU
Other than pretty women, there is no greater pleasure in this life than seeing a smug chowder-head get his face smashed into the pavement. Let them rot.
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