TC3013

Four Reasons Peter Schiff Is Wrong

1. Stimulus wiil not work the way it is set up. And it is just more debt. You ignore FDR great society.
2. We are making new lows, below November, anything but stable.
3. Yes we have come out of recessions before, but that assumes this is just a normal recession. It is not. It is a burst credit bubble. That is FAR WORSE, and is the main reason we keep going lower despite people like you saying don't panic. The correct thing to do WAS PANIC, last fall and take 100% of your money out of the stock market and go all cash. Remain in cash as interest rates will be double digits within 18 months.
4. Wether Schiff made money off his prediction is irrelevant to me, he is not managing my money.

It is people like you that have failed to see that we have undergone a PERMANENT STRUCTURAL CHANGE and are going by the previous recession playbook, that will lose 80% of your money, while people like me will keep mine, which may not turn out to be as much as I need do to the runaway inflation all this money printing will cause, but I will be far better off than you.