/biz/ - Business & Finance

Listened to a podcast with schiff last night/this morning. Not impressed.

His assertions seem to be faith-based. He claims “they can’t kick the can down the road any longer” and while I think there’s a greater than 30% chance he’s completely correct, and also a good chance he’s partially correct, there’s really not much to this.

He also ruined his own argument a bit by claiming the QE of the past 10 years didn’t cause real inflation and the negatice consequences he predicted because “the central bank said everything was working and everyone believed them.”

If all it takes to keep the game going is to convince the people that the emperor is clothed, there’s nothing fundamental to indicate that won’t be true in the future. People are still very, VERY malleable. Look at the shit people are worrying about these days. They’re getting upset over professional athletes kneeling for the national anthem, and they’re pissed that people are standing for the national anthem.

Unless the rest of the world has citizens that are keenly aware of monetary issues, that’s not a very convincing

>>21237792
Hooooooly shit
I only bought 4 or 5... fuck I’m sad now.
Good job.

>>21083265
>TDA is $7 per OTC trade
Disgusting
I think schwab just passes on the charge of a few cents depending on what the exchange charges.

>>21082058
Damn son. I’m not even really into yuri or women in pain.