An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Good video, Mike. Peter is such a charlatan and it's hard to imagine why anyone still takes him seriously. He's able to get away with his rubbish through not putting a timeline on any of his inane "predictions." His wife, Lauren, who wasn't the woman in the video by the way, basically explained to me on Facebook this."Actually he has never been wrong on any of it. You have just decided there was a time limit on when he should be right. He doesn't do it that way. He can't say how long the false recovery will continue to rise, or what exact Black Swan will occur that will break the bubble. All he knows, as Kevin Merrill stated, is that when it does happen, all the gains that people are accumulating during the rise, will be washed away. So I guess you are right, until you are wrong. And he is wrong, until he is right."It's about being as close to nonsense as you can get.
Funny, he's pretty harsh on people who he says were wrong, who turned out to be right.
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