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kek, he's losing it guys..check his twitter
literally who
>>14311590NEWFAGS GIT OUUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>>14311565peter here. bitcoin is fool's gold, you don't own it, it is nothing and it has no uses! get out before the music stops and it goes to zero!
>>14311565Was he part of the Prager-Shapiro axis of controlled opposition all along?
imagine being told about bitcoin and heavily shilled it when it was a dollar, 10 dollar, 100 dollar, 1000 dollar and never ever buying a single one just to see it hit 10k. Everyone should understand this is most likely the man with the heaviest physical pain in the world of not buying bitcoin at a dollar.
>>14311565I unironically like Peter Schiff, but he fundamentally doesn't understand the value proposition of Bitcoin. I just think he's too entrenched in the goldbug mindset that he can't get himself out
>>14311590Leave
>>14311780If he was smart, he'd create his own coin pegged to his gold. But boomers gonna boom I guess
>>14311780Exhibit A of him not understanding it
Alex Jones has told stories on his show where he was offered thousands of free bitcoins and turned it down.
Boomers are so fucking stupid
>>14311565confused boomer
>>14311785>>14311596>falling for a meme>>14311780the faggot , like all other faggot boomers is heavily invested in his meme, if it fails he dies in the most literal sense
>>14311780Instead of btc he started a gold business.He lost millions when he could have made tens of millionsHe will always be eternally butthurt about crypto.
he could of put 500 dollars in and been set for life when he heard about it at 1 dollar kek
>>14311824thats the same with gold and stocks
>>14311590drown yourself in a vat of liquid gold newfag
>>14311861And he’s lying.
>>14312040That and the fact that Bitcoin is a hedge, or full-on bet against fiat and the current financial system. It's the same reason goldbugs hold gold.
>>14312040Not stocks, the prices increase based on earnings.
>>14311565Wonder how much this guy has lost his clients being invested in worthless gold miners
Does this sound familiar to anyone? kek
>>14311565>when the banking cartels monkey hammers your boomer rocks another consecutive decade by opening 50 million bids in GLD daily and you could've simply HODL onto 500 BTC for $500 dollars a decade ago and now have been able to own all the above ground gold deposits by now with some leftover change on the sidelmao @ boomers
>>14312280hahaha this guy never ceases to amaze me
bullish af
>>14312280lol
>he's losing itHe never had it
>>14312280he might even be CAPS LOCK ANON ;)
>>14312280fucking kek
>>14311824>Everyone cashed out exactly at the same time for the same price
>>14311565If he wasn't Jewish would he be allowed on the jewish television?
>>14312280>this is a suckers rallyclassic buy signal
>>14312168KEK>business and finance
>>14312280>This is a suckers rally
>>14311874holy shit the JUST
>>14311824little does he know im never fucking selling
>>14312345>bullish af^thisalways do the opposite of what he says>pic related>filename related
>>14313962He's rightEvery word is true up until the last word>downOldfags are ringing the cash register all the way UP
>>14313959Kek based
>>14314000>Oldfags are ringing the cash register all the way UP>pepper ridge farm 'members
>>14313680Kek except instead of going through greed, fear, anger denial etc schiff goes denial, denial, denial, denialIt's hilarious how butthurt he is over bitcoin, he's been trying to FUD constantly while watching it go up year after year. Typical boomer mentality refusing to adapt their analysis in the face of new information.
>>14311641Has anyone got a JUST hair version of this or similar?
>>14311874Why can boomers never *spell* when they grew up in America, speaking English? Did they just never read anything outside their school textbooks? Baffles me.
ITT: anons not understanding Schiff’s a bitcoin whale and this is just OPSEC
>>14312280watching this boomer fiat cuck shill kike faggot be so incredibly wrong will be one of the pleasures of my life.
>>14311824he's 100% right
This is how it will play out:It will go up now, then trace back and everyone will be panicking as usual. Then in October when the recession hits it will go up even higher.
>>14316059Crypto is going to collapse during a recession.The entire crypto boom happened along with the lowest interest rates literally ever, and one of the longest continuous growth periods ever.
>>14316401It might collapse in the long run but it will shoot up like gold before it does.
>>14316463>shoot up like gold
>>14316401I mean why would people stop wanting doing business during a recession? a recession is old people's bs.gold might be safe but you can't do business with it, with crypto you can and it's not tied to old people's bs.
>>14316518you're deluding yourself if you think crypto is anything but a super speculative investment at this point.Maybe in 2030 when a double digit percentage of world's gdp relies on ethereum
>>14316493>ignores 2012
>>14316588there was no recession in 2012
>>14311824And all the while Bitcoin steals actual worth from the dollar, maybe gold, and other currencies
>>14311824Yep, he's right about that. People who HODLed their bitcoin from 20k all the way to 3k learned that lesson for sure lol.
>>14313959baste
>>14316546what are you saying? if fiat fail there is no reason to not use crypto to do business. if it doesn't, then who cares?
>>14316774how is recession combined with fiat failing? recession means deflation
even though he is wrong about shiny rocks he is right about bitcorn. its a zero-sum game, for every dollar you make someone else must lose it. nobody actually uses bitcoin to buy stuff, 99.9% of all bitcoin trades are purely by speculators in hopes to sell it higher
>>14312280the sad thing is he could be right about that, if it's a b wave bear market rally it's literally a suckers rally and we don't fucking know until it pops lol.
>>14316799Miners mine bitcoin, so you're 100% wrong about everything in this post.
>>14316865the only thing he's wrong about is that because of miners it's not a zero-sum game, it's a negative sum game.
>>14311824He's pointing out that there is no liquidity in this market.
>>14311565Fuck this kike He’s been Jewing faggots for decades
>>14316784I thought it was a lowering of economic growth? deflation is good
>>14317005it's not good, it makes it impossible to pay debts
>>14314840
>>14313940He was right about the danger of whales. He is forecasting shit like mtgox and the 90% retrace years in advance. No fucking boomer with financial sense is going to invest shit that can be Bognadoff'd with a cellphone call.
>>14317005>deflation is goodthe average /biz/let
>>14317022I-is this why many *ahem* 'economists' that are linked to a certain spiritual group tend to see deflation as the best thing ever?Have I been intellectually scammed this whole time?
>>14317022>>14317088ok brainlets. deflation is GOOD.you are brainwhashed.inflation means, that you're losing purchasing power. that means you're forced by the system to use your money. which creates waste and growth, hopefully. it is INEFFICIENT.you think creating waste and losing the hard earned purchasing power is good?BRAINLET. repeat
>>14315512lol, jcho is such a faggot. He still is expecting triple digits BTC.
>>14317022also>pay debtsgtfo dying boomer
>>14317141>durrr you must either like deflation or inflation durrrrmoron. neither deflation or high inflation is good. it should be at optimal levels around 2-4%deflation is literally a recession, lack of economic growth, unemployment, lower wages. It doesn't matter if things are getting cheaper if your salary is also getting smaller dumbass
>>14317141no deflation destroys productivity innovation and leads to all around poverty it only benefits those that hold large amount of cash. which is the idiots basically.
>>14317141inflation is not very relevant, cash is not for storing wealth.It only has to be small enough for money to still function as a unit of account and exchange.Debts have interest, which means without inflation they can't really be paid. It's relatively easy to compensate for inflation by increasing the demanded interest rate, but it's almost impossible to compensate for deflation because it would require a negative interest rate.
>>14317222this. morons like deflations because they can't invest. they think putting money under the mattress is an investment. inflation is a tax on retards that don't know how to invest
>>14317175we should head toward slight currency deflation to avoid wasting everything and make money truly valuable. which is what bitcoin will allow if it succeeds. you're brainwhashed.
>>14311565>Please to buy my shiny boomer rocks, sirs
>>14317222brainwashed>>14317230your old boomer gibberish makes me sick>>14317238you can still invest and win even more on a deflating currency, if you hold it you're wasting opportunities to make more. brainwhashed
>>14311641man jews are nervous as fuck..
>>14317175>19th century blocks your pathwhat do?
>>14317238>inflation is a tax on retardsindeedthe poor don't care their wage goes up as the prices go up cause nobody wants food riots, the rick don't care because their investments outperform inflation anyhow the middle class retards with no investments, keeping fat checking accounts while being knee deep in mortgage are the only ones hurt by inflation.
>>14317283
>>14311811Someone tried that but the sec and DOJ came after them
>>14317252>>14317283deflating currency = earning value without doing anythingmoney are supposed to be spent and invested not hoarded. why should people take a risk to invest when they can just hoard their money under the mattress and get value?if you want to beat inflation then just invest your money dumbass, retards don't know how to invest so putting their money under the mattress is the only thing their little brain is able to do
>>14317316old boomers should not be allowed here, you're trying to brainwash the youth into believing that inflation is good for the future, when it's the biggest scam, gtfo
>>14317356your whole mentality is that of a boomer. boomers are dumb and don't want to invest, boomers put their money under the mattress and expect them to grow in value magically. this is peak boomerist retardation
>>14317356>when it's the biggest scamno it's not you are just retarded
>>14317356
>>14317348nothing prevents anyone to create an inflating currency as long as we have an upper base deflating asset/currency that allows the world to head into the right direction>why should people take a risk to invest when they can just hoard their money under the mattress and get value?to earn even more? get x2 by investing instead of +1%? you know you said something retarded
>>14317382this! like my parents, the guy don't understand shit of the economy and think inflation is an evil conspiracy.
>>14317401if things are getting cheaper that means profits of businesses become lower, if profits become lower it means your salary will become lower. Retards think that if things are getting cheaper that increases your purchasing power, in reality your salary will also get slashed and you will lose purchasing power. Learn some basic economics pal
>>14316660I hope you're being sarcastic, because anyone who's held through that right now has recovered most of their losses. The smart ones made money by buying on the way down or shorting
>>14317390told you to gtfo brainwashing the innocent youth>>14317381if you think that deflation means no investment you're more brainwashed than I thought
>>14317446it doesn't mean no investment, it means lower investments. not everything is absolute brainlet
>>14317446
>>14317431yes and if the currency gains value isn't that NORMAL to have a lower salary just like you get a higher salary with inflation? think please
>>14317460it means EFFICIENT and well thought out investments.
>>14317471the difference is if deflation becomes bad enough your salary won't just become lower, you will LOSE your job all together. If you have 0 salary you have 0 purchasing power. At least during inflation you will still have a job
>>14311780
>>14312280I bet 500 link he shitposts on biz
>>14312850kek
>>14317495your definition of deflation seems to be one that is tied to the old boomer system where everything is approximate. in that context bad things happen because of failure and mediocrity. if a crypto is a recognized upper base neutral worldwide asset and the deflation is tied to the amount of that crypto that is getting accidentally destroyed, then we're in the best possible scenario. the economy would be in a deflation, but an extremely low one, money will have high value, and people won't waste it.
>>14317471yeah deflation leads to a reduced economy reduced gdp reduced overall employment and quality of life. it has been tried often enough that is why economists fear it like devil fears holy water. it's bad for everyone and hard to get out of it.
>>14317558> money will have high value, and people won't waste it.aka people won't invest and hoard their money and lower growth. congratz you just created a recessionI don't think you understand what deflation even is, there is a difference between low inflation and deflation. You might make some arguments to have low inflation but actual deflation is retarded
>>14312280
>>14317585if money is getting value over time, then it will be even more desirable. people won't invest in the hope to lose less, they will invest to win more. more intelligently which will remove useless shit from our world, useless jobs, useless products, demand will control everything as it should, and waste would need to be avoided even more.low deflation is simply the most efficient thing we can come up with. but you probably weren't taught this in school.
>>14317659funny thing is if you remove useless jobs you cut gdp in half
>>14317681getting tired of the level of brainwashing, can't even imagine what an efficient economy would look like
>>14317659>if money is getting value over time, then it will be even more desirablethats the point. money shouldn't be desirable, investing should be desirable. You really think 3% inflation is a lot? Just imagine, the only thing you have to do to is an investment to net you more than 3% profit a year. Only a moron couldn't manage that
>>14312280>suckers rallyBull market confirm. Thanks Peter.
>>14317699i can 20% of the population works and lives well 80% is hobos living on welfare and thievery.
>>14317712money desirable means investing will happen because we always want more. why rejecting an efficient economy. you know I'm right but you're too brainwashed to accept it.
>>14317736living always on welfare off the work of others has no place in a respectable society.
>>14317826it's peak efficiency on macro levelbut you don't seem to want that after all. you are more socialist than i thought.
>>14317795again you are using absolutes. doesn't matter if there will be growth, the point it will be less growth. deflation = lower growth. we know this because we had deflationary currency for decades aka gold and stagnation was the norm. Try learning some basic economics instead of parroting boomer conspiracies
>>14317852no welfare is not peak efficiency because it creates pretty deep political issues and issues are not part of an efficient world/economy. stop trolling using the word socialism on a serious subject
>>14317910a very slight deflation with today's technology would maybe lower the production of useless shit but technological progress would increase faster, economy would move faster, and people's happiness along with it.
>>14317915welfare is the running cost of the system otherwise it will end in bloody riots and revolution. it keeps the lid on things.20% employment is peak efficiency. if you discard the useless jobs you lose half the employment half the economy, normally in developed countries real employment is 50% that means you are down to 25% but some of the jobs are servicing that 25% you dropped so an other 5% at least gets cut with the decreased size of the economy and that was a conservative estimate.you don't understand the first thing about economy employment and investment. but so sure of yourself... are you like 14?
>>14317952no it wont. learn how to invest and you wont care about inflation. even my 90 year old grandma can buy a bond and beat inflation, why can't you?
>>14311824I bought at 3know i'm not regretting it all lol
>>14317439Are you retarded? You would've made so much more if you sold and bought back lower. You literally aren't making any money unless you sell.
>>14318009yes it will. inflation creates more problem than deflation on the long run. beating inflation is not the main problem, it's all the waste and useless shit getting produced which complexify the world and prevent us to have an efficient economy focused on people's demand and technological progress.
>>14318215useless shit get produced because people like useless shit and has nothing to do with inflation. unless you genetically change people you won't fix that
>>14311565Lmao at this old fool
>>14318001I agree it's needed to some extent nowadays but only because we live in an inefficient old boomer world currently. it shouldn't be needed. it shouldn't be a % to aim. the higher the % of people who want money from others the more it means we're failing as a society. it means the basic elements like food, water, shelter are too expensive meaning we're too far behing technologically, or it means that those people are stupid and have a failing education. in an efficient economy everyone should have a proper education, allowing them to decide whether or not they want to develop a skill or create a product or invest into something, or to decide to do nothing in their life without having to be depending on anyone. welfare has no place in an efficient economy.
>>14312280>0 self awareness boomer strikes againdo they let this guy on TV just because it's funny to parade retards everywhere?
>>14318120You said the hodlers retard, not me. We're using YOUR context here. Good job stating the obvious and proving my point again
>>14318276I'm not talking about useless shit that enough people buy, those things are by definition not useless because there is a demand behind, but you're pointing one of the infinite problem behind an inflation based system.
>>14318362then what are you talking about? what useless shit inflation produces?
>>14317175>it should be at optimal levels around 2-4%said every keynesian kike stealing people's life savings like a slowly boild frogfuck off you disgusting brainwashed drone0% inflation of deflation, both are ok in my book because they are both fair, everyone can keep cashnot everyone can park their money in inflation-proof assets that's why the rich love inflation so much so that they are safe from it but also know that the average joe will get buttfucked year after year
>>14318415don't turn into a brainwashed brainlet again. there is many waste in our economy and just browse amazon or aliexpress to have an idea on how much of the world is cluttered with useless shit, and that's without mentioning the useless jobs that could have been replaced by a machine much faster if money was worth more and the efforts to increase efficiency worth even more.
>>14317348>why should people take a risk to invest when they can just hoard their money under the mattress and get value?and why should people risk just to preserve their hard earned purchasing power?you fucking disgusting kike fuck off
>>14312280Look at this dude, lmao
>>14318415>what useless shit inflation produces?BS jobs, fidget spinners and all kinds of self=help 'personal growth' BS scamsinflation is a cancer of societies
>>14317222>people can't create and trade useful things without an inflationary monetary systemYou kikes are unbelievable
>>14318499>durr everything I don't like is because of inflationthanks for proving you are a dumbass. Your plan to make everyone poorer so they are forced to buy only necessities is retarded. You want to punish smart people that invest their money because of the retards that waste them, in the end everyone is gonna become poorer>>14318520>omg investment is so hard!! why can't I just put my money under the mattress and be rich?fuck off 40 IQ brainlet
>>14318543yes retard, fidget spinners exist because of inflation. do retards with 40 IQ like you exist because of inflation too?
>>14318614yes everyone working 8-12h a day should also become an investor watching their money fluctuating constantly just to lose even more at the end because something went wrong. You are fucking retarded if you don't see how much anxiety and stupid decisions this economy causes to the average peole you fucking brainwashed keynesian>>14318632you're probably some office drone cuck that wouldn't even have a job without this scam inflationary economy, keep sitting in your cubicle you retarded fuck I hope that your shitty existence gets automated and you end up on the street disgusting keynesian scammer
>>14318614are you stupid? INFLATION makes the world poorer not deflation, regardless of the state the price will always be a result of the demand meeting the offer. your last sentence is just you trying to brainwash the youth, gtfo
>>14318679no moron. deflation is the literal definition of a recession, which makes everyone poorer. inflation makes poorer only those that hold money instead of investments aka retards like you that don't know how to invest >>14318670>durr all investments are high risk just like stocksmoron. ever heard of bonds? ever heard of savings account? even 40 IQ retards like you can't fail that
>>14318719>ever heard of savings account?enjoy your sub 1% after taxes you fucking scammer>bondshow much % is that 2? 3? when the actual inflation is like 6% and enjoy when this whole ponzi collapses and you're left with worthless piece of paper.all the keynesian leeches will burn in hell
>>14318762>actual inflation is like 6%lmao. found the retard. inflation in USA has been lower than 3% for the last decades. Stay poor and dumb and keep putting your money under the mattress like a retarded boomer
>>14318781it's 3% only when keynesian scammer economists (((calculate))) it, look at prices of houses and land, I don't give a fuck about anything else, the rich love inflation because they park their wealth in real estate knowing that everyone else will get buttfucked, especially millenials who will never be able to afford housing, you are a disgusting boomer landlords' bitch right now
>>14318821>durrrrrhousing isn't included in the inflation metrics moronlearn to invest brainlet
>>14318719gtfo repeating yourself, you're so brainwash that you can't imagine a world where currency deflation is controlled successfully and low, such context won't make everyone poorer, it would make them barely wealthier over time, the main point being that if they want more they need to create or produce a service. instead of using their money at all cost into some investments which is inefficient and creates all sort of useless shit. don't worry with a deflating system there will still be enough useless shit to satisfy brainlet needs, it will just be a more well thought out useless shit.
Anyone listen to his podcast because of le doom and gloom? He couldn't be more off base with crypto though
>>14312280Absolute classic boomer meme
>>14318833I'm probably better off financially than you but that doesn't change the fact that inflation (of monetary supply) is the biggest scam in human history, if you support inflation you support all the wars in the world (paid for with printed money) and misery of younger generations.You're literally supporting some jew boomer's fantasy of blowing up kids in palesting or Iran Separation of money and state can't come soon enough
>>14318854the only one repeating himself here is you. we already had deflationary currency for decades and we saw the results. Rich people hoarding gold and an economy in a constant state of stagnation. Fuck off with your retarded ancient boomer systems, we live in the modern world that has no place with your retarded outdated systems.learn to invest brainlet>>14318876no you aren't. only dumb and poor people complain about inflation.learn to invest brainlet
>>14318901>we already had deflationary currency for decades and we saw the results.of yeah I guess boomers buying housed in the 70s with a few years salary and no debt had such horrible lives right? right now we have the (((peak efficiency) right? its so better now when the fed prints money whenever they want pumping boomers' bags and fucking over the youth.>>14318901>no you aren't.lmao at this COPE, I can tell you are some office drone cuck wageslave>only dumb and poor people complain about inflationsounds like something a keynesian leech would say>learn to invest brainletyou're as boring as the have sex incel postersjust because I can see through the inflation scam and can outperform it, doesn't mean everyone who can't should get fucked in the ass. You are a typical dishonest keynesian scammer, a fucking parasite
>>14318924inflation is a tax on retards that hold money instead of investinglearn how to invest or stay poor. the choice is yours brainlet
>>14317681(((Gdp)))
>>14318956no you retard, it's a tax on the poor and middle class that can't afford to put their savings into real estate regularly, as opposed to the rich who don't give a fuck about inflation whether its 1 or 20% because they only hold their fiat bags for a split second.
>>14318987>real estate is the only investmentlearn to invest brainlet
>>14317065Nice.can anyone tint the eyes red and make them look more watery?
>>14311824What a tard, the same goes for gold or for literally any other vehicle of investment
>>14319004fuck off with your bs you retarded drone, I 7x'd my savings from 2 years ago, but that dosn't mean everyone can do it, if you think that every average joe can simply put their money in a meme bond or sevings account (with soon negative interest rates thanks to retarded socialists) and beat inflation then there would be no inflation because no one would hold fiat and the whole money printing would be pointlesssomeone will always be left holding the hot potatoe called FIAT and you are the parasite on society supporting that scam system.there is absolutely nothing wrong with 0% inflation, or even deflation, that's a fair system in which no one is forced to do anything, no one gets their purchasing power taken away from them but you don't like that idea like every keynesian parasite
>>14319092of course you did larper. you are a richfag that is angry for poor people. we believe you buddyyou are too dumb and uneducated to get this but deflation harms the poor more than the rich. deflation means lower wages and less purchasing powerjust learn to invest brainlet
>>14319149>of course you did larper. you are a richfag that is angry for poor people. we believe you buddlmao your poor ass if that's something unbelievable to you>uneducatedyou probably meant unindoctrinated in keynesian economics, I actually have a stem degree you brainlet parasite, the keynsian scam doesn't require a finance degree to see riht through it>deflation harms the poor more than the rich>deflation means lower wages and less purchasing powerwages and prices always work themselves out on a free market basis you retard, inflationary economy actually distorts that, it also causes the boom and bust cycles, making people speculate on things like housing which shouldn't be a spculative purchase.The rich can alwyas put their money in inflation-proof assetsthe poor can't, period.You are a dishonest fuck or an indoctrinated brainlet that doesn't want to admit that hes been fed horseshit into his little brain in his (((university)))
>>14311824imagine being a gold bug but then using this analogy.
>>14319275>cries about poor>I am rich I swear!!lmaoalso, the free market itself tends to inflation. growth creates inflation, population increase creates inflation. Only stagnation and recession would create deflationjust how dumb someone must be to not be able to beat 3% inflation? if you are that dumb you deserve to lose your money. this is the free market brainlet, learn to invest or stay poor
>>14319336This false.The greatest Economic Growth of the United States occurred under Deflation during the late 1800s.Even Stanley Druckenmiller has talked about this.
>>14319336>also, the free market itself tends to inflation.if by fed's monetary policy you mean free market then yeah I guess you must be right lol>just how dumb someone must be to not be able to beat 3% inflation? if you are that dumb you deserve to lose your money.then if it's so easy to beat it, why have it in the first place? it sure would be pointless right?> if you are that dumb you deserve to lose your money. that's like saying "if someone is too dumb to lock his door then I should be able to walk in and steal his stuff"you are a typical indoctrinated keynesian parasite who thinks he's 'smart' after his shitty university course, life will teach you humility at some point of another I guarantee you that
>>14319436to not lock his house door*
>>14319436ever heard of 401k dumbass? middle class people invest part of their salary to index funds without tax and get returns much higher than inflation. that was literally designed for dumb people like you that dont know how to invest. learn some basic economics instead of parroting dumb boomer conspiracies brainlet
>>14319517>401khave fun when all your government ponzi programs go tits up
>>14319661>durrrr da apocalypse is cummin soon all gubmern gonna collapse!!lmao. I see now that you don't have any actual argument to say you resort to dumb doomer scenarioslearn to invest brainlet
>>14312280this cannot be realhe's larping 500%
>>14319517>401kHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHA
Imagine fudding btc since it was $20 and shilling gold all the way down from $1900. He must be close to hanging himself..
>>14319421based but let the retard keep going on
>>14312280Schiff is pure boomer comedy gold
>>14320696stay dumb and poor
>>14317323yeah because there was no real goldBut someone would probably still come even if there was
>>14314895yea why is this
>>14317141>deflation is GOOD.Holy kekkiesTell this to the Japanese!
Petter is right tho. And why the hate on boomers? They were the last great generation when America was great. It was what came afterward that ruined it.
propped up by tether and only tether
I'm a tether girl in a tether world
>>14317230>Proceeds to store wealth buying properties>Properties become unaffordable for the youth>Fertility collapses as young people don't start families>Import millions from the third world to keep pension ponzi going>They realize they only been brough to pay pensions>Have to bribe them with gibs and more inflation>Civilization collapsesFuck Keynsians
>>14312280>TFW Peter Schiff is the one posting Bobos
man he says some really fucking stupid shit
>>14319061for some btc sure
>>14317175AHAHAHAHAHAHAHAHA
>>14312280>unironically saying "this is a sucker's rally"
>>14311565
Can someone help me into non-brainlet mode? After learning about QE and how the govt is set to pump even more into QE4 I’m certain that it’s time I learn more about what the fuck is going on.How do I start to understand this shit?>>14319661I’m kind of with you until hereBetting on the US government collapsing has not been a winning bet. If it happens then I guess that’ll be a real happening.
>>14322758despite what brainlets and conspiracists will tell you QE is not printing money. There is no increase of money in circulation just change of balance sheets, to be real money printing the circulating supply must increase
>>14312168Explain tesla and the current meme market then. The potential future value of a company based on its market share and future market share while also its perceived perceived future value comes into pricing. Shit is no different.
>>14322801That’s not exactly what they told me.They told me QE was the FED pumping funds into financial instruments including the S&P/stock market.
>>14322888the fed buys government bonds to pump their price and lower their yield rates. but there is no direct increase of money supply in the market, the increase of money supply results indirectly from the lowering of interest rates
>>14322758quantitative easing: jew magic used to pull the wool over your eyes and make simple things more complex so they can fleece you of your cash.to explain quantitive easing so it makes sense would involve you being taught how various parts of the current retarded system is so highly dependent on each other till you get bored/frustrated/angry/fall asleep.but if you're really interested, read the bitcoin standard.this faggot >>14322801 is 29 posts deep and is probably thinking he fought a good fight this day.the current monetary system - what a fucking hill to die on ey bud?
>>14322888yes they pump out trillions in bank reserves
>>14322914I like how you have 0 economic knowledge about everything and just explain things like "dude da joos steal da money n shiet n its like corrupt system bro from da evil elites"learn some basic economics before embarrassing yourself brainlet
>>14322937are you trying to convince me that this didn't all start because the banks (that were largely jewish owned) promised not to lend money they didn't have and then proceeded to lend money they didn't have.history > economics gibberish that wouldn't exist if the criminals didn't need a way to justify their bullshit.you aint fooling anybody.
>>14322970yes the evil jew stole your hard earned white money to give it to minorities
>>14322937It becomes easier to understand if you regard da jooz as just biz meme for people who have more money and power than me, and sometime government influence, but aren’t actually the gorvernment.If you engage in /pol/shit your conversation will fully deteriorate into tribalistc shitslinging, and eventually people will post BLACKED porn and nazi propaganda.
>>14322914I am interested. Does the bitcoin standard explain that or is it more the conspiracy stuff you posted about.>>14322970>economics gibberishThis is true of the jargon of all industries, partly because it is helpful to have barriers to entry if you don’t want to devalue your profession. And it’s not just medicine, economics, academia, or business. Heck, cryptocurrency has a fair amount of it.The fields I would expect to be the most straightforward in their language, like engineers and other practical people, still have plenty of tricky and counterintuitive language.
>>14311565Hes FuddingProbably holds more btc than all of bizBuy buy buy>Gold being bullIts called REAL savings......Gold is volatile short term but maintains wealth in longrun.
>>14323069my point is half the techniques they use to manage the economy wouldn't be necessary with hard money. which we had on the gold standard, which we stopped having after the banks started lending money they didn't have.conspiracy stuff? sadly, the history of the world. despite what >>14322986 would have you believe with his comments designed to ridicule facts and reality.
Is it time to worry about the yield curve yet?>>14322907Doesn’t lowering yield make bonds less attractive investments,m? If they want people to buy bonds, shouldn’t they not do that?Fed funds rate I have some understanding of, but think it’s a little overhyped.
>>14323247But would the us economy even been able to grow nearly as much as it has if the dollar were still anchored to gold?Weaponized economies of EU, Japan, etc would have crushed us?Also seems like it would have made exports especially hard as it would have kept the dollar even higher?
>>14323263if bonds have less yield investors would prefer to invest in the stock market instead thus creating more growth/jobs and kickstarting the economy, during crisis people remove their money from stocks and buy bonds that are less risky and that creates the dump in stocks and eventually unemployment
>>14318496Having 2% of our wages stolen every year until a shitty appartment becomes unaffordable unless you are rich is the price we pay to live in a decadent society.
LOOOOOOOOOOOOOOOOL!!!!!
>>14323377you only lose 2% if you keep your money in currency. invest your money instead of putting them under the mattress and you wont lose
QE is just the Fed saying they'll buy all these wack assets so retail banks don't have to stop doing business with normies because they have too many wack assets and can't take the risk. All in all, an ok use of tax dollars given the alternative. The shitty part is that it is (correctly) seen as rewarding bad behavior, i.e banks generating too many wack assets in the first place.
>>14323377Having 2% of money value stolen every year is what forces Schlomo Goldenburgerbecken to lend instead of hoarding money. He may pass that along to you in addition to his markup, but the alternative is that he doesn't lend.
QE was my entry point though. I’m saying I now want to learn how to into macroeconomics, monetary policy, and the interconnection of stocks, bonds, currencies, national economies, crypto vs. fiat, etc.>>14323353That makes sense>>14323405>invest your money, you can’t lose!Kek that does notI know what you mean though.
>>14323405Properties becoming a hedge against inflation making unaffordable for the youth and triggering a fertility collapse that forces you to import massive quanities of migrant that hate you to keep the pension ponzi going is the price we have to pay to live in a Keynsian ponzi society.The good thing is that with porn an youth uprising can be prevented and the keynsian ponzi can keep going until they get blackpilled and kill themselves.
>>14312280Hello Peter
>>14323457You have the causality backwards. Population increases predicate housing cost increases. Also, housing being unaffordable for the youth has never been an effective curb for births, but birth control is.
>>14323439if you want very low risk investment to beat inflation just get bonds. unless there is a war and gov goes bankrupt you wont lose>>14323457blame boomers that kick their kids out of their home
>>14323495>You have the causality backwardsNo i don't a house in 1920 used to be 8 months of saving for the poorest of workers this was just when income tax and central banking apperead.>Population increases predicate housing cost increasesAnd usually construction increases but with keynsian inflationary ponzi they become a hedge against inflation so richfags buy properties to protect themselves from inflation causing it to go up non stop.>Also, housing being unaffordable for the youth has never been an effective curb for births, but birth control is.It's the main cause in secular societies even in the late roman empire housing had become unaffordable and they suffered a fertility collapse as the cities became shitholes.Here is the data about the housinghttps://fraser.stlouisfed.org/title/3912/item/492986?start_page=68http://www.thepeoplehistory.com/20s-homes.html8 fucking months of wages in 1920 how many wages the poorest of workers need now to buy a shit appartment?Decades or centuries?
>>14323547>fertility collapse immediately after birth control made accessible"iTs nOt tHE roOt cAuSE"And instead u make an argument that fertility collapses occur when cities were shitholes, then ignore that in the 1920s the majority of city housing were tenements stacking 8 people to a room.
>>14317308>inflation bad for mortgagesCheck yo self before u wreck yoself nigger
>>14323286you cant use the outcomes of the current system as a basis for any decisions on a system that hasn't been tried for as long.who knows anon, who knows if they would need to have weaponized their economies.>Also seems like it would have made exports especially hard as it would have kept the dollar even higher?how did you manage to get to that conclusion?
>>14323405>invest your money instead of putting them under the mattressthat's your fucking solution? i guess you're shit out of luck if you're literally any other country that uses the same system and cant invest.
>>14317238>inflation is a tax on poor or uneducated people that can't invest due to the barrier of entry being too high or just can't be bothered.well well well, you've finally shown your true colors Mr Bankerstein
>>14323781>because you are either unable to invest or simply spend your time doing other things you deserve to lose 2% of your value on your wealth.yall need Jesus
fun fact, schiff got exposed to hold btc, eth, and bch who he asked if he should get some xmr too.
>>14311985You fucking idiot schiff is worth over 100 million dollars.
>>14324343yes he got rich by other peoples money he put into gold while missing out on the biggest bullrun in history in the stock market and the launch of fastest growing asset class in history. genious.
investing to avoid inflation is great too bad the best classes of investments are locked behind having to prove you're a "sophisticated investor" i.e you need to have hundreds of thousands of dollars to risk but fuck poor people right
>>14324412Nigger. you act like he had a chance to put 100k into btc at 1$ and then fucking would have held until 20k.Even if he got in early he would have never realized astronimical gains just like 99% of people who got in early.
>>14324412Also you think peter became worth 175 million JUST because of gold selling? You are fucking retarded. I'd bet that gold sales don't account for even 15% of his net worth.
>>14324464Goy, I am just saying that even just hilding his clients money in usd would have given his bussines a better roi.he bought into crypto in the late summer of 2018 btw.
>>14323547>It's the main cause in secular societies even in the late roman empire housing had become unaffordable and they suffered a fertility collapse as the cities became shitholes.What you describe is the cycle Spenglers describes. The only good thing about all this is, the summer children who the Boomers and GenX are will just die miserably, probably killed by their own children.https://youtu.be/uha7WWgoeX4
>>14324471yes he also sells shares of gild mining companies to earn money by selfinflating his own product.funny how he accepts btc and bch on his schiffgold website. but goys cant be helped, for some to win others have to lose in this unproductive sector of the economy.
>>14324509why wouldnt he accept bitcoin? Any business that accepts bitcoin instantly converts it to USD.....why the fuck wouldnt he offer an another option for payment you fucking retard. It isnt like hes holding bitcoin. And obviously he knows you can sell shit for btc.
>>14324644Because nobody with a brain who is in crypto is gone buy Boomer rocks with an artificial price controlled by a handful of Boomer banks. Crypto destroys the Boomer Rock and FIAT bubble. If they bend the knee to crypto, they admit defeat and all comes crashing down
>>14324644so you see no moral hazard in taking money to puclicly fud btc while at the same time adopting it?what was your iq again?
>>14322986This is exactly what happens.
>>14324682Lots of people in crypto buy gold. How the fuck you think you protect your wealth and gains you retard? If the dollar implodes and you dont have gold your fucked.What you stupid faggots dont comprehend is that the primary function of money is to MEASURE VALUE. Money is a barometer to measure value and nothing measures value better than gold for thousands of years and even today despite gold being de-monetized.And bitcoin certainly doesnt measure value at all.
>>14324734Why is there a moral hazard? Hes offering a real asset. He doesnt believe in btc but that doesnt mean he cant fucking accept it as payment. There are lots of people who convert their btc gains into real money - gold.