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Mike Stathis
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MIke NO LONGER posts on Seeking Alpha. Mike Stathis is the Managing Principal of Apex Venture Advisors, a business and investment intelligence firm for the private and public markets, serving the needs of venture firms, corporations and hedge funds. Mike’s work in the private markets includes... More
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AVA Investment Analytics
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AVA Investment Analytics
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America's Financial Apocalypse: How to Profit from the Next Great Depression
  • Peter Schiff: Wrong on the Economy, Wrong on Healthcare (Part 2 of 4) 2 comments
    Jul 15, 2009 8:20 PM | about stocks: HWAY


    Lesson #4: Economics & Healthcare
    I find it ironic how Mr. Schiff’s investment strategies have been equivalent to his proposed economic and political solutions; an empty bag. 
    Furthermore, I find it a bit arrogant for Mr. Schiff to assume he actually has the expertise to address something as complex as healthcare. Perhaps his self-proclaimed “celebrity status” on various bubble networks has elevated his sense of importance. 
    This demonstrates just one of the dangers with the media. Once guests build an audience, they sometimes become overzealous and claim to be experts in everything. These are the same people who are often experts in nothing other than sales and marketing.
    Peter, we both know the financial media is designed to lead the sheep into the slaughterhouse. We both know the financial media is a way for guests who are compliant with the media’s unwritten rules of behavior to add millions of dollars to their bank accounts by marketing to a large audience of sheep.
    This compliance means staying away from issues media executives don’t want to touch, such as why the banking executives have not been indicted for securities and possibly tax fraud. 
    Evidently, Peter fails to realize that healthcare cannot be addressed purely from a financial perspective. It also takes a tremendous understanding of various elements within the industry in order to get a good handle on the problem.
    It takes even more expertise to devise viable solutions.
    I have no reason to believe Schiff possesses an adequate understanding needed to criticize Obama’s healthcare plan, much less propose alternative solutions. His recent article confirms this.
    Like all others in the media club, Schiff lacks a full understanding of the problems within the healthcare industry, and therefore cannot provide a real solution; or else he has chosen to avoid discussing the real solutions as a way to align himself with the political agendas of the media. If the later possibility explains his views, then I completely understand his position. After all, the media serves as his main entree to the sheep gravy train; it’s how he sells his books and attracts new investors. He wouldn’t want to bite the hand that feeds him.
    As any real unbiased expert in this collapse will agree, the key to repositioning America back on top of the world is to restructure free trade, provide some form of universal healthcare, ban all lobbyist activities, and send hundreds if not thousands of financial executives to prison.
    Furthermore, we must close the two-way revolving door that exists between former politicians and the private sector. This would do well to prevent corporate favoritism. These things are required if America wishes to transform itself from the current pseudo-free market economy and crony capitalism into a real free market economy with real accountability.
    If you disagree with this Peter why don’t you come out and say it. I’m willing to bet you any amount of money that the majority of America agrees with me. And if you do agree, why have you never stated these things during your media appearances?
    Could it be because you know the media would not want these issues to be broadcast? Could it be that you’re only interest is Peter Schiff? 
    And yes Peter, we absolutely need government regulation. You seem to forget that it was the illusion of government regulation which led to this financial apocalypse. 
    To be continued.
    Disclosures: HWAY
    Stocks: HWAY
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  • SweetLiberty
    , contributor
    Comments (2) | Send Message
    "As any real unbiased expert in this collapse will agree, the key to repositioning America back on top of the world is to restructure free trade, provide some form of universal healthcare, ban all lobbyist activities, and send hundreds if not thousands of financial executives to prison."


    Your assertion here is completely without merit. You prove nothing. It is YOUR biased opinion. Claiming you or anyone else can be unbiased on these matters is just ridiculous. That is MY opinion, and I’m sure I can find “unbiased experts” to agree.
    16 Jul 2009, 10:44 AM Reply Like
  • Freedom! Forever!
    , contributor
    Comments (2) | Send Message
    Maybe he doesn't understand the complexities of healthcare (although, I think you're completely wrong about him not understanding and that we need government regulation), however, his views on it go parallel with Ron Paul.


    Ron Paul practices medicine and has dealt with insurance companies, etc. But I suppose you just think he is unqualified because he doesn't understand the "complexities" either.


    And if Schiff and Paul don't understand the complexities, what makes you so qualified? I don't understand how you can apply this concept to Schiff, as if you're even more qualified.


    Your solution is just as much vague and undetailed as any politicians.


    27 Jul 2009, 03:55 PM Reply Like
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