Peter Schiff: The US is in Worse Shape Than Europe
Peter Schiff tells Fox Business that the US is in worse shape than Europe.
We couldn't agree more. Once the European situation is resolved- one way or another- the focus of the debt crisis will shift to the Western side of the pond.
8 comments:
Anonymous
said...
I'm not saying that the U.S. isn't in trouble by any means, but Schiff sure does like to put on a dooms day show every single time he gets a chance. Is he still calling for $500 silver ? What an attention whore.
Yeah, the guy is definately frustrated. I reckon "attention whore" is a tough call though. He's on a misson to wake a few people up, he's got radio, tv spots, he even wrote a book for Christs sake. So he's loud, Ron Paul is measured and eloquent. We are people and there's 3 basic types - those who make things happen, those who watch things happen and those unfortunates that wonder what happened. Anyone in the first group who are trying to wake the rest up, as far as the ongoing "slow train crash" goes, needs support. Which group are you in ? Cal
I think the reason it's so hard to listen to Schiff is probably because he is right. Everything will seem OK until the day the it isn't anymore. Right now it's all being swept under the rug, and the rug is bulging like mount everest, but it's still under the rug.
Greece was also "OK" until the day it wasn't, and after that it was plastered all over the news everywhere you looked.
It's very hard to accept the fact that there is this enormous problem, which essentially doesn't seem to have any good solution right now.
And..on top of that Schiff does have a problem where he rambles on like a freight train once he gets going. What's up with this weird US culture of people constantly talking over each other..now that's effin annoying.
I agree with ANON 11:44. ANON 4:07 - I think you either:
1- You have not investigated the facts.
2- You are posting negative because you are frustrated and haven't monetary headway in this current situation (Maybe sold at the low price).
3- You are a troll and are trying to put doubt in the minds of strong hands (won't work).
4- Just want a little attention.
I hope you have the where with-all to check facts and learn a little.
If you are #3, don't let the door hit you in the rear-end on the way out of this website. (Don't remember who I heard that from a few days ago but thanks as I borrowed that statement).
The U.S. is definitely in worse shape than Europe and if Unicredit bombs out, it's not just a few European banks that go down like Jim Willie explains but the big U.S. banks with off-balance-sheet OTC derivative exposure.
If you just look at the GAAP-based Wall Steet comparisons, the big EU banks look worse than the U.S. brethren. But please tell me that you understand how to look at and understand what is being hidden off-balance-sheet in the footnotes. If you don't then you don't understand why the U.S. is in worse shape. And this comment doesn't even touch on Governmental leverage... www.truthingold.blogspot.com
We have what Europe does not. A central bank that can do anything- spirit away trillions to keep other country's banks afloat, create digital 'money' sufficient to build a government the likes of which the world has never seen! Yes We Can! Why, we could buy China and make them produce our tennis shoes and toys and other junk. We are in the 'money'. Peter Schiff is wrong, we are number one! USA USA USA USA!
8 comments:
I'm not saying that the U.S. isn't in trouble by any means, but Schiff sure does like to put on a dooms day show every single time he gets a chance. Is he still calling for $500 silver ? What an attention whore.
Yeah, the guy is definately frustrated.
I reckon "attention whore" is a tough call though.
He's on a misson to wake a few people up, he's got radio, tv spots, he even wrote a book for Christs sake. So he's loud, Ron Paul is measured and eloquent.
We are people and there's 3 basic types - those who make things happen, those who watch things happen and those unfortunates that wonder what happened. Anyone in the first group who are trying to wake the rest up, as far as the ongoing "slow train crash" goes, needs support.
Which group are you in ?
Cal
I bet Schiff would be a real bastard to work for.
Why does anyone listen to this tryhard wannabe politician?
I think the reason it's so hard to listen to Schiff is probably because he is right. Everything will seem OK until the day the it isn't anymore. Right now it's all being swept under the rug, and the rug is bulging like mount everest, but it's still under the rug.
Greece was also "OK" until the day it wasn't, and after that it was plastered all over the news everywhere you looked.
It's very hard to accept the fact that there is this enormous problem, which essentially doesn't seem to have any good solution right now.
And..on top of that Schiff does have a problem where he rambles on like a freight train once he gets going. What's up with this weird US culture of people constantly talking over each other..now that's effin annoying.
I agree with ANON 11:44. ANON 4:07 - I think you either:
1- You have not investigated the facts.
2- You are posting negative because you are frustrated and haven't monetary headway in this current situation (Maybe sold at the low price).
3- You are a troll and are trying to put doubt in the minds of strong hands (won't work).
4- Just want a little attention.
I hope you have the where with-all to check facts and learn a little.
If you are #3, don't let the door hit you in the rear-end on the way out of this website. (Don't remember who I heard that from a few days ago but thanks as I borrowed that statement).
2 oz.
The U.S. is definitely in worse shape than Europe and if Unicredit bombs out, it's not just a few European banks that go down like Jim Willie explains but the big U.S. banks with off-balance-sheet OTC derivative exposure.
If you just look at the GAAP-based Wall Steet comparisons, the big EU banks look worse than the U.S. brethren. But please tell me that you understand how to look at and understand what is being hidden off-balance-sheet in the footnotes. If you don't then you don't understand why the U.S. is in worse shape. And this comment doesn't even touch on Governmental leverage... www.truthingold.blogspot.com
We have what Europe does not. A central bank that can do anything- spirit away trillions to keep other country's banks afloat, create digital 'money' sufficient to build a government the likes of which the world has never seen! Yes We Can!
Why, we could buy China and make them produce our tennis shoes and toys and other junk. We are in the 'money'.
Peter Schiff is wrong, we are number one!
USA USA USA USA!
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