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Old 05-06-2013, 11:51   #1
Smacktard
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Bad news

Schiff: 2/3 of America to Lose
Everything Because of This Crisis


http://moneymorning.com/ob-article/s...hp?code=118408


....
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Did I mention there are at least 7 billion opinions on earth, of which yours is only one?

"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."
- Joseph Goebbels, Minister of Propaganda in Nazi Germany.
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Old 05-06-2013, 12:14   #2
wjv
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Nothing against Schiff but he has been yelling that "the sky is falling" for a decade now. He has predicted multiple "over the cliff" dates of which all have come and gone.

I agree with the fundamentals that he discusses - Too much debt, too many future liabilities - Too much money being printed - Too many insider bank deals - Unsustainable budget/fiscal practices.

But he has destroyed his credibility by picking dates, and then being proven wrong over, and over, and over, and over again.
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Old 05-06-2013, 12:42   #3
mgs
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Lost $80,000 during the last stock crash....took over 10 years to recover! At 53, it doesn't look good!
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Old 05-06-2013, 12:56   #4
ChiefWPD
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Mr. Schiff may be right or he may be wrong, I don't have a clue (no crystal ball). But do keep in mind that that material was an advertisement for a recent book of his.
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Old 05-06-2013, 12:58   #5
Bruce M
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Quote:
Originally Posted by ChiefWPD View Post
Mr. Schiff may be right or he may be wrong, I don't have a clue (no crystal ball). But do keep in mind that that material was an advertisement for a recent book of his.
Always follow the money - it can lead to interesting places.
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I never talked to anyone who had to fire their gun who said "I wished I had the smaller gun and fewer rounds with me" Just because you find a hundred people who agree with you on the internet does not mean you're right.
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