No more.
Nice to see the Daily Show audience now in-tune with the Fed, over-consumption, corruption in DC, and, well, stuff we talk about here. And isn't it interesting to see a Republican like Schiff received so well on a "leftist" show like the Daily Show? Hmmm... maybe something there for the now-dead GOP to consider.
A senate run against Dodd hopefully is next. And folks, I think Schiff can beat that turd.
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Peter Schiff | ||||
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Posts
35 comments:
Somewhere Dodd is nervously twirling his pudgy pigman thumbs.
During the campaign Schiff will easily link Dodd to the mortgage crisis, and end his senate career.
I can't wait.
trPM
Keith,
Good call. Pete Schiff who bet dead wrong on commodities and the dollar now running for office. His own investors are suing him but lets have him walk the halls of Congress. Good idea.
You just don't get it. You didn't get it at housing Panic and you still don't get it.
I really like Peter. I also really like Jon Stewart, so I very much enjoyed that clip. I suspect those two could have talked freely for a lot longer.
Peter's timing is sometimes off, but his calls for the direction we are heading in have been accurate. I've watched some longer speeches he's given, and his reasoning is very strong.
“First they ignore you, then they laugh at you, then they fight you, then you win.” Mahatma Ghandi
So Schiff was dead wrong on commodities and the US dollar? I guess he was dead wrong on foreign stocks too?
Good god, pick up a newspaper man.
Get Ready for Inflation and Higher Interest Rates
The unprecedented expansion of the money supply could make the '70s look benign.
http://online.wsj.com/article/SB124458888993599879.html
Got to like Schiff, he's always entertaining. As far as the Dollar and commodities, he's right but he was too early.
Hopefully he unseats that trud Dodd.
Got to like Schiff, he's always entertaining. As far as the Dollar and commodities, he's right but he was too early.
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Has it occured to anyone that maybe he's not a day trader?
Finally, I would get to do something useful with my voter registration on the state level (other than voting for Jim Himes, of course). Hope he goes for it!
ANON SAID....Good call. Pete Schiff who bet dead wrong on commodities and the dollar now running for office.
You my friend are clueless and probably would still use mike norman as a broker . The game is far from over shiff forecasts are long term . he will be proved right once again . The dollar is doomed of that you can be sure , all the manipulation and sugar highs just need to work through the system .Tick Tock
The Daily Show really has become a place to go for real news AND to have a laugh at the same time.
Peter's PERFECT for the Senate. He's a guy that can really talk...Here's one reason he'd be great in the Senate:
Filibuster and Cloture
19th Century Filibuster
Using the filibuster to delay or block legislative action has a long history. The term filibuster -- from a Dutch word meaning "pirate" -- became popular in the 1850s, when it was applied to efforts to hold the Senate floor in order to prevent a vote on a bill.
In the early years of Congress, representatives as well as senators could filibuster. As the House of Representatives grew in numbers, however, revisions to the House rules limited debate. In the smaller Senate, unlimited debate continued on the grounds that any senator should have the right to speak as long as necessary on any issue.
http://www.senate.gov/artandhistory/history/common/briefing/Filibuster_Cloture.htm
I get the feeling the blinders are finally coming off for the American People although right now it's still just a dribble. Dodd is pissing his pants on an hourly basis with Peter hot on his crooked tail.
desperate car owners turn to fraud
From the poll top right you apparently have a Denninger crowd here at S&A.
Whodathunkit. LOL
I am scared shiffless.What a tool.He is a bullshitter like cramer.
Did you guys like my fish net stockings?
I like Schiff. I agreed with him that things were about to collapse. I don't think he is correct on the inflation surge not because I don't think it is possible or that Bernanke/Obama would not go down that path. I am just not sure that is the phenomena that we are experiencing. The stress in the economy is killing the weaker players. The "bailouts" have been about stabilization not about saving anybody.
Inflation in health care has been going on for some time but we don't call it that. Inflation happened on Oil last year and then a massive deflation. We didn't call it inflation when housing was sky-rocketing 4 years ago. We have a new kind of currency crisis. One that I am not sure we have ever seen before. It is not a crisis of confidence: inflation. It is not a crisis of collapse: deflation. It is a crisis of MEANING. We are in the midst of a world wide economic existential crisis brought on by a truly global economy and the internet. Got to Wikipedia: Existential Crisis
* The sense of being alone and isolated in the world;
* A new found grasp or appreciation of one's mortality;
* Believing that one's life has no purpose or external meaning; or
* Awareness of one's freedom and the consequences of accepting or rejecting that freedom.
The four methods of dealing with and EC are Isolation, Anchoring, Distraction, and Sublimation:
Isolation: Buying the house in suburbia. Pretending America is a shining city on a hill.
Anchoring: Electing a Religious zealot as President and investing in Nationalism.
Distraction: The War on Terror. American Idol. Greed.
Sublimation: Buying every self-help book in the world as well as things like "The Secret". Christianity. Islam. ... religion in general. Hollywood.
We are waking up folks to our Global Existential Crisis and there is no out except enjoy each other, appreciate the short time we are here, and use our heads to solve out survival problems so that our hearts can enjoy our freedom.
The financial crisis is measuring it but people like Schiff and Paul see the measuring but they don't know what they are measuring and never really have. The rest are unwilling t see because they are invested in one or all of the four great distractions.
DMP
I notice that Schiff didn't offer his investment advice, rather, he simply said the dollar was doomed due to his belief there will be massive inflation coming primarily due to govenrment policy. Does this really help anyone? Does the average person know what to do within their own portfolios to combat massive inflation?
Schiff for Senate/Congress.
Bye Bye Pigfucker Dodd.
Your career is coming to a close Friend of Angelo.
Dirty, Filthy dishonest Scubag.
Dodd's not too nervous; he's found some new friends.
http://www.nytimes.com/2009/06/10/opinion/10wed3.html?ref=opinion
I live in CT
Mr. Shiff is a corporate toad Keith-
Mr Dodd has done more for the state of CT in his years in the house and Senate then you can ever hope to accomplish in your crummy blog.
His father in 1946 was a chief proponent of Harry Truman's program for universal health care -
Over the last 20 years Mr. Dodd has done more for health care reform for kids, adults, the environment then most members of the US Senate- his few mistakes dwarf his accomplishments.
Shiff is a right wing trickle down thug- who offers nothi9ng but Ronald Reagan- circa 1980.
Notice Stewart acted like a whimp and just made jokes even though every other day of the week Stewart eindorses big spening and big gov, and OBAMA. Why did Stewart not bring up Santelli, and the tea parties? Why did Stewart not back up Obama? Schiff owned that interview and d bag Stewart played it safe by justing trying to be the cute little inocent girl he is.
Schiff was not necessarily wrong - he just has a longer timeline.
Same for you Kieth - while you think "the great recession" is already over, and think you are right because the market is going up, we haven't even gotten started.
The US is not only broke, my friend, but is approaching, or may even have passed, that point wherein it cannot even pay off the interest on its debts.
And, the only way out is to get dispose with the current financial system. So, barring that, we continue toward hell.
Denninger:
>But remember folks, without the housing market there is no economic recovery. Those jobs in construction and similar trades, including the "FIRE" economy (Finance, Insurance and Real Estate) that led to big earnings to support stock prices rely on housing turning around, and defaults ceasing.
Yeah, I have to keep reminding myself of this, and stay out of stocks. Though I did buy in late last year and got out two weeks ago, so I don't feel bad about missing the rally.
I love Peter and I hope he runs and wins. That being said, I must throw out the fact the Mish has been the most accurate forecaster so far. He has a great video where he speaks at Google which changed my mind about the inflation/deflation debate. Here it is:
http://tinyurl.com/m8q8sw
Anon 7:10,
Hahahahaha... If the housing bubble didn't bust, the dollar isn't weak and commodities aren't going up, then please clue us in on what's going on!
Are the rest of us living in the Matrix and you're not?
Wind Farmer,
Yeah, it'd be great to watch Schiff give an analogy filled rant for a couple of days straight during a filibuster.
Don't feel too offended, Keith, but Karl Denninger calls you a V-calling idiot.
More V Calling Idiots.
-Gonzo
I'll watch the video tonight.
Meanwhile I have to get back to reading the story about Russia selling it's U.S. Treasuries.
Got higher U.S. interest rates anyone???
Buh bye bond prices!
Adios mortgage market!
See ya later stock market rally!!
Treasury Auction was huge failure.
http://www.cnbc.com/id/31204061
What was that jackass from Forbes saying about cash and his "HUGE" market call for Dow 11,000??
LOL!!!!!!!!!!!!!!!!
Given that I have the advantage of not working in the financial industry and am free to observe things from a distance, I’ll put in my 2 cents.
Here is my prediction for the near future:
The current surge in the stock market is temporary and driven by 1= money managers looking to regain some of the losses from last year (catching a falling knife), 2 = people looking to get out of dollars and into assets.
IMHO we have not seen the lows yet, valuations and P/E are based on past performance and are still very high,
when the market begins coming back to reality again, people will once again run to safer places like cash and bonds.
This will keep the dollar strong for a while longer.
Commodities are in a medium bubble already
Over all I don’t believe we have an excessive amount of dollars in the system at all, and I’m not sure Peter Schiffs prediction will materialize.
The larger cycle will run its course and we’ll likely hit bottom (in a year or 2) with a decent Dollar (strong in compare to other fiat currencies)
Stay tuned.
You are funny Keith.
MISH should be on top of your list. You know it. He has made ALL the right calls. Including hedging with gold. He was bullish on treasuries when suckers like you and Schiff were proclaiming that treasuries were dead.
Schiff has got it all wrong.
Roubini has made some good calls.
The others, I don't know them.
Dny
To those stating that Schiff's timing is off sometimes.
Can I ask you. What the hell are you reading from Schiff.
Schiff timing has been ALL wrong. He has not gotten anything right.
Where is the hyperinflation he proclaimed 2 years ago.
How come the dollar hasn't crashed.
How come other countries have not de-coupled?
I can't believe that average Joes are still listening to him.
I will admit, when Keith started talking about him, I paid attention. Until I read a couple of his articles, and I had no clue what the hell he was talking about.
Dny
"The game is far from over shiff forecasts are long term".
"Has it occured to anyone that maybe he's not a day trader?"
Yep. Heard it all before.
Again and again the sheep fall for the same old rationalizations.
Like Keith says: "Those grifters are good".
I have become to like Mish and have a huge repect for him. The basics that Schiff and Mish work off of are the same and the Austrian School will school anything that Obama or his team of idiots has to offer, period. I do understand the differences in investment strategies for both but there skirt tiff is kinda rediculous if you ask me. I don't think Mish's article about Schiff being wrong was a whack in the back of the knees when he wasn't looking. The bottom line is 2008 was a rough year, period. Schiff has saved his clients money for years by keeping them away from bubbles.
As for Dodd's accomplishments dwarfing his mistakes, Peter, I don't care wtf the guy has done in the past, he is a corrupt, cheating thief and I hope his tombstone someday reflects that. In fact a pile of fake dog shit from the local gag store could be his tombstone for all I care. His level of corruption is not tolerable in my book on Capitol Hill, period.
To those stating that Schiff's timing is off sometimes.
Can I ask you. What the hell are you reading from Schiff.
Schiff timing has been ALL wrong. He has not gotten anything right.
He said there was a bubble in housing and consumer debt. That's nothing?
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Where is the hyperinflation he proclaimed 2 years ago.
The real estate bubble peaked in 2005, we're 2009 and many people are still optimistic!
You don't just snap your fingers and hyperinflation appears. It took a couple of years in the Weimar republic and even then, when inflation started to appear people did not take notice.
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How come the dollar hasn't crashed.
Because other countries, exporters, are printing money like crazy, making sure their currency does not go up vs. the US dollar.
The Cdn dollar has gone from 63 cents to 92 cents in a couple of years. So my net worth has increase 45% vs. that of an American without doing anything! Americans are so navel-gazing, they won't see waht's hit them until it's too late.
Right now you're trying to slow down your imports so you won't feel inflation right away. But wait, inflation will be imported my friends.
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How come other countries have not de-coupled?
Do you actually read the papers? Latvia, Western Europe, Africa? They are reeling while were are just on a light diet.
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I can't believe that average Joes are still listening to him.
He's been right but I don't think he's on a mission to improve the world. He's just another investor looking for global arbitrage and not really caring about the average Joe.
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