Share
41,963 Posts.
lightbulb Created with Sketch. 1017
clock Created with Sketch.
29/03/19
21:46
Share
Originally posted by Bullspike
↑
Yes Schiff has been preaching the same for years. He has a good understanding of economic principles but he is permanently negatively biased, and for that reason I don't follow him. I believe he is biased that way despite his vested interests, and by that I mean it's a psychological problem. Many people are like this. They just spend their days waiting for a crash. He is entertaining in debates, but his podcasts and general rhetoric is too negative and it's not a healthy way to spend life.
However his prediction about the US fiat money system will come true eventually. It is fatally flawed. The fed has limited control, and has always had limited control, and one day they will have no control.
Expand
I think you better worry about the Syd/Mel property bubble first. Should US and world go into recession, it’s sayonara wealth effect and money will pour into stock market. Remember we cannot money print just cut another 150 basis point.