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Fed is bluffing, says Peter Schiff: no rate hike in 2015

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  • derrybderryb Posts: 36,949 ✭✭✭✭✭
    doesn't matter as long as the rest of the sheeple are in the same fix. image

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • BaleyBaley Posts: 22,661 ✭✭✭✭✭


    << <i>

    << <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.. >>



    you tell me, one example, what exactly is it you want to do, that They won't let you? What SPECIFIC "Liberty" have you lost in the past 20 years?

    Liberty: Parent of Science & Industry



  • << <i>

    << <i>

    << <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.. >>



    you tell me, one example, what exactly is it you want to do, that They won't let you? What SPECIFIC "Liberty" have you lost in the past 20 years? >>



    I get it, the conditioning has worked on you and a few others I could name around here. I could list many things, but you would just come back with a million excuses for the system. There is no need or desire to waste the efforts to type it all out.
  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    ou tell me, one example, what exactly is it you want to do, that They won't let you? What SPECIFIC "Liberty" have you lost in the past 20 years?

    I lost the right to make my own decisions about health insurance and how I'm allowed to spend my own money.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.


  • << <i>ou tell me, one example, what exactly is it you want to do, that They won't let you? What SPECIFIC "Liberty" have you lost in the past 20 years?

    I lost the right to make my own decisions about health insurance and how I'm allowed to spend my own money. >>



    Yep. And now we can't go anywhere without being on camera. Yeah, they always tell us it's to "keep us safe" while they use our tax dollars to fund those very "boogey men" that they claim they need to invade our privacy to "keep us safe" from. The list is long if a guy had the desire and/or time to lay it all out..
  • BaleyBaley Posts: 22,661 ✭✭✭✭✭
    Well, sure, now that I think about it, I lost the liberty to ride a motorcycle without a helmet, and drive a car without a seatbelt.

    Actually, still have the liberty to do those things, just lost the liberty of not paying a penalty fine if THEY catch me. Funny how that works.

    Or, I could move to a place without that law. I do retain the liberty to vote with my feet. I never DID have the liberty of convincing anyone to do things my way all the time image

    Liberty: Parent of Science & Industry



  • << <i>Well, sure, now that I think about it, I lost the liberty to ride a motorcycle without a helmet, and drive a car without a seatbelt.

    Actually, still have the liberty to do those things, just lost the liberty of not paying a penalty fine if THEY catch me. Funny how that works.

    Or, I could move to a place without that law. I do retain the liberty to vote with my feet. I never DID have the liberty of convincing anyone to do things my way all the time image >>



    These are smarty pants skirt around the truth kind of comments. You know deep down in your gut that you have lost a lot of freedom and liberty over your lifetime if you just sit down, be honest with yourself, and think about it. image
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    Funny how people actually like being treated like a criminal in the name of "security", especially at airports...
    Oh it's ok, wonder if they ever start shoving something up their..... Ah forget it...
    keceph `anah
  • mikliamiklia Posts: 1,295 ✭✭✭
    americans have also gained a lot of liberties and freedoms over the last 20 years as well, which should certainly count for something.
  • We are supposed to be protected by the First Amendment, yet, those freedoms are under constant assault. Like Americans being arrested for daring to film police officers. Or how about protesters tear-gassed, beat down, arrested, and/or forced into “free speech zones”?
  • derrybderryb Posts: 36,949 ✭✭✭✭✭
    Pavlov's sheep:

    Was waiting in line to get into the movie the other night and the youngster in front of me started taking off his shoes until his mom reminded him he only had to do that at the airport.

    I quietly whispered to the kid, "for now."


    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <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.. >>



    you tell me, one example, what exactly is it you want to do, that They won't let you? What SPECIFIC "Liberty" have you lost in the past 20 years? >>



    I get it, the conditioning has worked on you and a few others I could name around here. I could list many things, but you would just come back with a million excuses for the system. There is no need or desire to waste the efforts to type it all out. >>




    Typical dodge...image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭
    For those that have read the good book, they know how this turns out

    Most people refer to the BIBLE as the good book, yet when it was mention of GOD running things was met with dismissal. So is there another "good book" I should read or are you really a blasphemer?


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Insecure people will always value security above all else.

    Have a nice day
  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    Well, sure, now that I think about it, I lost the liberty to ride a motorcycle without a helmet, and drive a car without a seatbelt.

    Actually, still have the liberty to do those things, just lost the liberty of not paying a penalty fine if THEY catch me. Funny how that works.

    Or, I could move to a place without that law. I do retain the liberty to vote with my feet. I never DID have the liberty of convincing anyone to do things my way all the time
    image


    You asked for an example. I gave you a good one. I can't be responsible for your willing suspension of disbelief.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • VanHalenVanHalen Posts: 4,031 ✭✭✭✭✭


    << <i>Man...you guys play rough. >>



    It's all in fun. image The truth will come out and many of us will be around to see it. The pilfering of the USD has only just began.


  • << <i>

    << <i>Man...you guys play rough. >>



    It's all in fun. image The truth will come out and many of us will be around to see it. The pilfering of the USD has only just began. >>




    Yes, indeed.. image
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    I never bet against the USA.

    Brazil, 10y 13%. Says it all
    Russia. BK
    India, OK you move there and bathe in the Gangis
    China, circling the drain, literally.
    South Africa, who?

    Euro, oh please, the Kiwi dollar is about to hit parity.

    USA interest rates. Stable. Don't need to raise them and couldn't afford to anyway.

    Oil at June 1st. Off a cliff. $20 barrel.

    Have a nice day
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    Sometimes I question Schiff's hyperbole and attention getting headlines, but I have to admit when he uses catch phrases like "the mother of all bubbles", I realize he's in the company of great minds, who historically are rarely wrong. ;



    image
  • derrybderryb Posts: 36,949 ✭✭✭✭✭
    speaking of great minds, lets not forget these pre-2008 geniuses who were honored with a Feb. 1999 cover. Proof that time wounds all heals.

    image

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    Greenspan was for gold, before he was against it.

    Before he was for it.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,661 ✭✭✭✭✭

    Well, now the Fed is, in fact, raising rates. How's it going so far?

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    It's always fun readings predictions from fortune tellers of the past, who should have retired their crystal balls long ago. :D

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    I miss Stan.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Wow.

    How'd he get 2,063 posts with only two (2) LOLs? :o

  • VanHalenVanHalen Posts: 4,031 ✭✭✭✭✭

    If we can up our current $1 trillion/year deficit spending to $2 trillion/year we'll be fine.

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭

    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

    This is still funny.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭

    He was right about no rate increase in 2015.

    He wasn't right about where the impact of rising rates would have the most impact.

    Then again his timing has been off before even when he knew what he was talking about. He's always worth listening to, even if you choose not to act on his conclusions.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    @jmski52 said:
    He was right about no rate increase in 2015.

    No....he wasnt. The Fed raised rates in Dec 2015.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭

    By, golly it was Dec. 16th - two points for cohodk!!!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    @jmski52 said:
    By, golly it was Dec. 16th - two points for cohodk!!!

    I dont need points, but I am glad you fact check. In a time when opinion and presented as fact and fact is twisted for political agenda, the journey for truth can be arduous but is necessary and rewarding. Long live truth and knowledge.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 4,031 ✭✭✭✭✭

    @cohodk said:

    @jmski52 said:
    He was right about no rate increase in 2015.

    No....he wasnt. The Fed raised rates in Dec 2015.

    Well........ a 0.25% and the markets said "No".

    We didn't see another increase for a full year (after the '16 election when the markets had taken off).

  • jmski52jmski52 Posts: 22,904 ✭✭✭✭✭
    edited October 14, 2018 10:16AM

    Oh, was that the "taper tantrum". lol

    edited to say, Whoopsie! That was in 2013.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,949 ✭✭✭✭✭

    @jmski52 said:
    He was right about no rate increase in 2015.

    He wasn't right about where the impact of rising rates would have the most impact.

    Then again his timing has been off before even when he knew what he was talking about. He's always worth listening to, even if you choose not to act on his conclusions.

    The FED controls timing. Impossible to predict.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

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