@trinomialtree … @trinomialtree Goldman Sachs needed a bailout, remember. Euro Pacific Capital did not.
By the way, what’s with the over use of the Granny analogy? Do you have some kind of prejudice of old ladies? Did your grandmother beat you or something?
thats the more … thats the more correct analogy.
your granny may tell you to be a nice boy and do all these goody goody things but thats not going to put bread on your table.
CEO blankfein will tell you to do all these nasty things to people but it will make you a fabulously wealthy person.
now if you are going to tell me that you would rather listen to your granny – fine – but i guess that would be the price of morality –> poverty and indenture
sorry but that kind … sorry but that kind of thinking will get you nowhere. you should realize by now that you are getting left behind while the wealth gap increases and your purchasing power is eroded. whatever you have left, we will get the government to tax it from you, meaning that it will be transferred to us anyway.
master of chess? don’t tickle me. small fry with 2b AUM and 100 employees – our team trades 2b in about 5 – 10 milliseconds. would you rather listen to CEO blankfein or your granny?
@trinomialtree I … @trinomialtree I think you look at the markets as a game of Tic-Tac-Toe,
while Peter Schiff looks at it as a game of Chess. Who do you think
is going to make the smarter decisions,
the Master of Tic-Tac-Toe or the Master of Chess?
@trinomialtree … @trinomialtree stone age investment?
What planet are you living on?
Most people do not plan their lives around the financial markets,
they don’t mind not getting rich quick. Their appetite for risk is lower
thus it is acceptable for them to put their money in long term assets.
A lot of people DO need help finding investments that are low risk with
so much noise and propaganda coming from the media.
peter schiff has a … peter schiff has a horrible investment model.
one sided, linear, buy and hold strategy. thats what 60 year old grannies do when they go into retirement. and in the case of the new economy, many of them have to get out of retirement because they lose all their money.
except that the 60 year old granny dosen’t charge you a commission for the trade.
you do not need an … you do not need an investment professional to tell you how to buy gold (or other ‘long term assets’ ok. and you certainly don’t need to go through one and give him commissions for nothing, unless he has access to those assets that you don’t have.
all investments carry risk. its returns vs risk that counts. investments by professionals are done on a per millisecond basis now – if you don’t then you are still applying stone age investment concepts and therefore on the wrong side of the trade.
@trinomialtree See … @trinomialtree See that’s what you still do not understand. Peter has never said he can predict what is going to happen tomorrow. He reads trends and he applies Austrian economic theory to present day events. Gold over the LONG term will trend upward. Short term it will fluctuate.
Peter doesn’t try to play the stock market and buy-buy-buy and then sell-sell-sell. He invests in long term assets that are safer and more reliable then risky short term gain. That is a large part of his philosophy.
no wonder … no wonder macdonalds is calling you. any 8 year old knows that gold is an inflation hedge – you actually need peter schiff to tell you that? peter schiff’s advice on gold is like telling you women have babies after they get pregnant. no kidding.
even on gold, he can’t predict short term movements correctly which illustrates how unscientific and inaccurate his advice is.
sorry but your idol has no clue and neither do you.
Last night on Larry … Last night on Larry King, Jesse Ventura was asked about Linda McMahhan which he commented somewhat neutral. I thought what an opportunity to mention America’s last hope. Someone needs present to Ventura that Schiff is what America needs. We need to garner support from these people who seem to side with common sense. If Peter doesn’t win it is not because of him but because we did not exert the effort required to make Peter and his common sense policies known to “everyone”.
“only when … “only when consumers start saving can business start investing and start hiring ”
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
Schiff often says ” … Schiff often says “only when consumers start saving can business start investing and start hiring “?
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff
March, 10th 2010 at 12:42 am
@trinomialtree …
@trinomialtree Goldman Sachs needed a bailout, remember. Euro Pacific Capital did not.
By the way, what’s with the over use of the Granny analogy? Do you have some kind of prejudice of old ladies? Did your grandmother beat you or something?
March, 10th 2010 at 12:42 am
thats the more …
thats the more correct analogy.
your granny may tell you to be a nice boy and do all these goody goody things but thats not going to put bread on your table.
CEO blankfein will tell you to do all these nasty things to people but it will make you a fabulously wealthy person.
now if you are going to tell me that you would rather listen to your granny – fine – but i guess that would be the price of morality –> poverty and indenture
March, 10th 2010 at 12:42 am
sorry but that kind …
sorry but that kind of thinking will get you nowhere. you should realize by now that you are getting left behind while the wealth gap increases and your purchasing power is eroded. whatever you have left, we will get the government to tax it from you, meaning that it will be transferred to us anyway.
master of chess? don’t tickle me. small fry with 2b AUM and 100 employees – our team trades 2b in about 5 – 10 milliseconds. would you rather listen to CEO blankfein or your granny?
March, 10th 2010 at 12:42 am
@trinomialtree I …
@trinomialtree I think you look at the markets as a game of Tic-Tac-Toe,
while Peter Schiff looks at it as a game of Chess. Who do you think
is going to make the smarter decisions,
the Master of Tic-Tac-Toe or the Master of Chess?
March, 10th 2010 at 12:42 am
@trinomialtree …
@trinomialtree stone age investment?
What planet are you living on?
Most people do not plan their lives around the financial markets,
they don’t mind not getting rich quick. Their appetite for risk is lower
thus it is acceptable for them to put their money in long term assets.
A lot of people DO need help finding investments that are low risk with
so much noise and propaganda coming from the media.
March, 10th 2010 at 12:42 am
peter schiff has a …
peter schiff has a horrible investment model.
one sided, linear, buy and hold strategy. thats what 60 year old grannies do when they go into retirement. and in the case of the new economy, many of them have to get out of retirement because they lose all their money.
except that the 60 year old granny dosen’t charge you a commission for the trade.
March, 10th 2010 at 12:42 am
you do not need an …
you do not need an investment professional to tell you how to buy gold (or other ‘long term assets’ ok. and you certainly don’t need to go through one and give him commissions for nothing, unless he has access to those assets that you don’t have.
all investments carry risk. its returns vs risk that counts. investments by professionals are done on a per millisecond basis now – if you don’t then you are still applying stone age investment concepts and therefore on the wrong side of the trade.
March, 10th 2010 at 12:42 am
@trinomialtree See …
@trinomialtree See that’s what you still do not understand. Peter has never said he can predict what is going to happen tomorrow. He reads trends and he applies Austrian economic theory to present day events. Gold over the LONG term will trend upward. Short term it will fluctuate.
Peter doesn’t try to play the stock market and buy-buy-buy and then sell-sell-sell. He invests in long term assets that are safer and more reliable then risky short term gain. That is a large part of his philosophy.
March, 10th 2010 at 12:42 am
no wonder …
no wonder macdonalds is calling you. any 8 year old knows that gold is an inflation hedge – you actually need peter schiff to tell you that? peter schiff’s advice on gold is like telling you women have babies after they get pregnant. no kidding.
even on gold, he can’t predict short term movements correctly which illustrates how unscientific and inaccurate his advice is.
sorry but your idol has no clue and neither do you.
March, 10th 2010 at 12:42 am
Last night on Larry …
Last night on Larry King, Jesse Ventura was asked about Linda McMahhan which he commented somewhat neutral. I thought what an opportunity to mention America’s last hope. Someone needs present to Ventura that Schiff is what America needs. We need to garner support from these people who seem to side with common sense. If Peter doesn’t win it is not because of him but because we did not exert the effort required to make Peter and his common sense policies known to “everyone”.
March, 10th 2010 at 12:42 am
“only when …
“only when consumers start saving can business start investing and start hiring ”
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
March, 10th 2010 at 12:42 am
wow for whatever …
wow for whatever reason this vid has got my panties all well haha
March, 10th 2010 at 12:42 am
Schiff often says ” …
Schiff often says “only when consumers start saving can business start investing and start hiring “?
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
March, 10th 2010 at 12:42 am
princess looking …
princess looking for her prince i am 19 and unattached