Fed is bluffing, says Peter Schiff: no rate hike in 2015
Baley
Posts: 22,660 ✭✭✭✭✭
You guys will love this, feeds right into your narrative
Latest from Schiff
"it's going to make 2008 look like a Sunday school picnic"
comments?
Latest from Schiff
"it's going to make 2008 look like a Sunday school picnic"
comments?
Liberty: Parent of Science & Industry
0
Comments
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Time turns in the favor of everyone sooner or later if they hold steady.
Too many positive BST transactions with too many members to list.
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
<< <i>Schiff has a chip on his shoulder with the USA because his daddy is siting in jail for tax evasion. That's why he's such a doom and gloomer >>
According to his mother Peter has always been like this. Yes, with Erwin in prison it burns him.
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>He is on a cold streak.Maybe this will turn it around. Mark >>
He'll hit the powerball first
Knowledge is the enemy of fear
<< <i>I thought he had an office in Northern California? >>
World Headquarters is in Connecticut
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
That's good if you a lender be.
When's the last time the Fed raised rates before an election?
A structurally very weak economy and the cost to carry
the deficit are the two other reasons why it'll be a cold day in hell if we see rates bumped within the next 18 months.
Which narrative is that, Baley? The one that says you can't create prosperity by creating more fiat, debt-based money?
When I studied Finance, it was pretty clear how interest rates, markets and the economy worked. Everything has been turned on its head since then.
The question is whether or not classical finance is reality, or whether today's markets reflect reality. They aren't the same thing, so in my opinion - one must choose their reality. Schiff is just talking classical real world finance and common sense.
A good explanation of classical real world finance.
Which financial paradigm do you think is reality? I'm sure that we'll find out before too long. It's no different this time.
I knew it would happen.
If you start to think in terms of "no time is ever the same", then things become a bit more clear.
Knowledge is the enemy of fear
<< <i>Time will prove Schiff to be correct on many things. It will prove others wrong. >>
Well said. I'm still waiting for his gold prediction made in 2012
<< <i>
<< <i>Time will prove Schiff to be correct on many things. It will prove others wrong. >>
Well said. I'm still waiting for his gold prediction made in 2012
like the one he made in 2006 before gold tripled?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>Time will prove Schiff to be correct on many things. It will prove others wrong. >>
Well said. I'm still waiting for his gold prediction made in 2012
like the one he made in 2006 before gold tripled? >>
Nope ... he wasn't the only one who got that one correct.
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
<< <i>Right / Wrong .... I like Peter and enjoy listening to him. >>
^^^^^^^^
This.
I mentioned once that I had dinner with Peter. During dinner I told him he was my fifth favorite "gold/financial' guy. He instantly asked who the other four were with food in his mouth. It really pissed him off
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>Right / Wrong .... I like Peter and enjoy listening to him. >>
^^^^^^^^
This.
I mentioned once that I had dinner with Peter. During dinner I told him he was my fifth favorite "gold/financial' guy. He instantly asked who the other four were with food in his mouth. It really pissed him off
Mark >>
When you told him, did he know who derryb, roadrunner, baley, and cohodk were?
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>Right / Wrong .... I like Peter and enjoy listening to him. >>
^^^^^^^^
This.
I mentioned once that I had dinner with Peter. During dinner I told him he was my fifth favorite "gold/financial' guy. He instantly asked who the other four were with food in his mouth. It really pissed him off
Mark >>
When you told him, did he know who derryb, roadrunner, baley, and cohodk were? >>
That is funny
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
When no one is allowed to fail is in itself a failure of true capitalism.
Box of 20
<< <i>
<< <i>
<< <i>
<< <i>Right / Wrong .... I like Peter and enjoy listening to him. >>
^^^^^^^^
This.
I mentioned once that I had dinner with Peter. During dinner I told him he was my fifth favorite "gold/financial' guy. He instantly asked who the other four were with food in his mouth. It really pissed him off
Mark >>
When you told him, did he know who derryb, roadrunner, baley, and cohodk were? >>
That is funny
M >>
I laughed a little 2.
One of the comments in the follow-up article:
"Schiff has successfully called 125 of the last 2 recessions and 30 of the last 0 dollar collapses."
Add: and Schiff has successfully called 80 of the last 0 times gold has gone to $5000
<< <i>nobody ever sold any newsletters predicting Sunday school picnics. >>
no, no they didn't. nor get yer mug on TV or have your videos linked to in esoteric collectibles message boards
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>without the contrarians Baleyville and the rest of the world would still be flat with a sun orbiting it. >>
I can tell that Sarcasm is just one more service that you offer, however, any connection between your reality and mine is purely coincidental.
<< <i>He's certainly entertaining if nothing else. I have to wonder how much of his rhetoric is just for the sake of being inflammatory or self promotion and how much of it is genuine conviction on his part. >>
Oh he is serious
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"If you just take one step back and keep your perspective focused on the global situation, you’ll see that increasing the interest rates might very well be the worst thing the Federal Reserve could decide to do later this year. This basically means the Fed is trapped in a global game where all other players seem to be holding the right cards, basically forcing the USA to follow them or to accept a serious deterioration of its position in the world economy."
Seems Schiff is right again with China calling the FED's bluff.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Again, people hear what they want to hear rather than what is really said.
Schiff will be right, after he is wrong 100x. By then, does it really matter? Will we hold a parade or build a statue?
The choice to cower or stand before what faces you is a personal one.
Knowledge is the enemy of fear
Im really beginning to wonder if the origins of zerohedge.com are not zerohedge.ru.
Knowledge is the enemy of fear
<< <i>Appears China will be joining the currency war.
"If you just take one step back and keep your perspective focused on the global situation, you’ll see that increasing the interest rates might very well be the worst thing the Federal Reserve could decide to do later this year. This basically means the Fed is trapped in a global game where all other players seem to be holding the right cards, basically forcing the USA to follow them or to accept a serious deterioration of its position in the world economy."
Seems Schiff is right again with China calling the FED's bluff. >>
This is all orchestrating right towards them setting up their one world system that some on here like to mock posters for discussing here in the past. For those that have read the good book, they know how this turns out. For those that haven't, they are in for quite a reality check.
Liberty: Parent of Science & Industry
<< <i>Yeah that would really suck if the planet started acting like one world rather than wasting lives and treasure in fighting each other literallly with guns and figuratively with economic strategies, huh? >>
Yeah, there is just one problem. That being who/what will run that one world system. Laugh, mock, or whatever. A reality check is in store for many.
<< <i>
<< <i>Yeah that would really suck if the planet started acting like one world rather than wasting lives and treasure in fighting each other literallly with guns and figuratively with economic strategies, huh? >>
Yeah, there is just one problem. That being who/what will run that one world system. Laugh, mock, or whatever. A reality check is in store for many. >>
God runs the world and it's system. Didn't you know that?
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>Yeah that would really suck if the planet started acting like one world rather than wasting lives and treasure in fighting each other literallly with guns and figuratively with economic strategies, huh? >>
Yeah, there is just one problem. That being who/what will run that one world system. Laugh, mock, or whatever. A reality check is in store for many. >>
God runs the world and it's system. Didn't you know that? >>
Please do more studying, sir..
Rates rise in response to market demand for credit. Usually, businesses need more credit when the economy is booming and they wish to expand. Is business trying to expand right now because of higher demand? You tell me.
The math of rising rates is clear concerning the national debt, though. Higher rates means that interest on the debt gets more expensive and it means that the budget deficits will increase and the politicians will come under greater pressure to do one or more of the following:
1) Increase taxes
2) Decrease benefits
3) Run bigger deficits
4) Create more electronic or paper money
I'm not sure how fascinating this may be, but it seems to me that we minnows will be among the last to know how it will be resolved.
I knew it would happen.
<< <i>
<< <i>
<< <i>
<< <i>Yeah that would really suck if the planet started acting like one world rather than wasting lives and treasure in fighting each other literallly with guns and figuratively with economic strategies, huh? >>
Yeah, there is just one problem. That being who/what will run that one world system. Laugh, mock, or whatever. A reality check is in store for many. >>
God runs the world and it's system. Didn't you know that? >>
Please do more studying, sir..
Oh, ok, "GodS" also known as "They" It's become too big a job to "run things" for one bearded dude in a white robe sitting on a cloud. There is obviously a committee of NWO demi-gods who really "run things" around here
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Yeah that would really suck if the planet started acting like one world rather than wasting lives and treasure in fighting each other literallly with guns and figuratively with economic strategies, huh? >>
Yeah, there is just one problem. That being who/what will run that one world system. Laugh, mock, or whatever. A reality check is in store for many. >>
God runs the world and it's system. Didn't you know that? >>
Please do more studying, sir..
Oh, ok, "GodS" also known as "They" It's become too big a job to "run things" for one bearded dude in a white robe sitting on a cloud. There is obviously a committee of NWO demi-gods who really "run things" around here >>
I understand some think it's funny to laugh at something they might not yet understand. In due time, the doubters will have their eyes opened. The chess pieces are being put in to motion as we speak. Keep laughing..
Baley, what are your thoughts on suspicious cash deposits or withdrawals being made reportable at $5,000? Any social engineering going on, do you think?
I knew it would happen.
<< <i>There is obviously a committee of NWO demi-gods who really "run things" around here
Baley, what are your thoughts on suspicious cash deposits or withdrawals being made reportable at $5,000? Any social engineering going on, do you think? >>
Yes, they are making it to where a person looks like a criminal for just trying to make an honest living. Just like the recent case where the lady who owned and ran a café made her daily deposits and they flagged her and seized her life savings. It's going to get so bad that the ones laughing now won't be laughing in the future.
Same with the security check at the airport, I do not mind it, as I do not have anything to hide.
Yes it's intrusive, but it's the price in a few minutes that I am willing to pay for the opportunity to fly in a magic chair from one place to another, and with reduced chances of some nut on board with weapons.
Making a cash transaction that's reported? Well, better have your papers in order, and not act like you're trying to get away with something like tax evasion or money laundering. And if someone's honest legitimate business patterns involve moving a lot of cash, or purchasing a lot of fuel oil and fertilizer, or buying all of a sudden a wood chipper, or a bunch of plastic bags and bleach and rope, or if their search history contains a lot of searches on how to improvise weapons, or make poison, or get rid of a corpse, they better get used to a lot of inquisitive questions about their behavior pattern.
Liberty: Parent of Science & Industry
<< <i>My thoughts on cash transaction reporting is that honest people doing honest transactions will have a legitimate explanation for the cash transaction that They (the authorities) will accept.
Same with the security check at the airport, I do not mind it, as I do not have anything to hide.
Yes it's intrusive, but it's the price in a few minutes that I am willing to pay for the opportunity to fly in a magic chair from one place to another, and with reduced chances of some nut on board with weapons.
Making a cash transaction that's reported? Well, better have your papers in order, and not act like you're trying to get away with something like tax evasion or money laundering. And if someone's honest legitimate business patterns involve moving a lot of cash, or purchasing a lot of fuel oil and fertilizer, or buying all of a sudden a wood chipper, or a bunch of plastic bags and bleach and rope, or if their search history contains a lot of searches on how to improvise weapons, or make poison, or get rid of a corpse, they better get used to a lot of inquisitive questions about their behavior pattern. >>
It's not that simple anymore, Baley. The social engineers working the "If you have nothing to hide" ideology on to the American people is still stunning to me as to how successful it has been.
Is there no free will? is this all an illusion? are we in the Matrix and your confidence in your superior knowledge of "reality" just another level of delusion??
think about it.
Liberty: Parent of Science & Industry
<< <i>It's also amazing how successful the counter-campaign of cynicism and paranoia have been, isn't it, in getting folks to say things like that. Maybe They're all in it together to control us like puppets on strings.
Is there no free will? is this all an illusion? are we in the Matrix and your confidence in your superior knowledge of "reality" just another level of delusion??
think about it. >>
It has nothing to do with paranoia. That is another tactic they have sold to the masses and some buy it fully. Use common sense. Look around you. Are you as free as you were 20 years ago? Are you gaining freedom and liberty, or losing it one pen stroke at a time? Yes, please do think about it. Don't be deceived..
Liberty: Parent of Science & Industry
<< <i>I'm nowhere near as free today as I was 20 years ago, but getting married gets far more of the blame for that than the Government or Social Engineers. >>
Typical dodge..