2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    The 3rd video of the Peter Schiff & Jim Rickards interview is especially interesting.
    Schiff almost starts a fight about what inflation really means (Jim Rickards says it's measured in prices, but Schiff insists on inflation being the increase of the supply of money):

     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    Peter Schiff increasingly looks like a self-important dickhead.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    Lessons from the "Great Depression" - "prosperity is around the corner", Hoover said (isn't that what Bitcoin fans keep believin' in?) :D

     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Schiff makes rickards sounds simple minded. Most of those goons dont really understand.
     
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I love the history shows. Always lots of info and real life subjects.
     
  6. Jason1

    Jason1 Well-Known Member

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    Not blocked , just no one gives a shit about china. China can rott in the ground and no one would shed a tear.

    They play stupid games and are winning stupid prizes, karma is a bitch
     
  7. alor

    alor Well-Known Member Silver Stacker

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    Price of freedom needs its payments, more need to be shut down
    that is how relations are run nowadays
     
  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Geezus, Rickards must be fkn dumb then.
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Market intelligence is very crucial. You want to know what your competitor is up to. The reason why Taiwan and Vietnam escaped the worst is because they were monitoring them from day one. If the floods overflow and destroy the pharma factories, the world could be in a lot of trouble.
     
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  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    lol I wonder if even one person here would choose China’s ‘freedom’. Even the Chinese tell me they don’t live for anything except for the ‘collective’. It’s the human ‘borg’ from Star Treck
     
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  11. alor

    alor Well-Known Member Silver Stacker

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    you totally missed the point, only in America they use freedom, in a socialist country. China is communist and they accepted the collective concept and no pretending lol
     
  12. alor

    alor Well-Known Member Silver Stacker

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    wait for Chimera lol
    [​IMG]
     
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  13. TreasureHunter

    TreasureHunter Well-Known Member

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    Jim Rogers sounds like a drunk in this latest interview. He also seems to keep carry on his "usual verbalizations", he "buys gold silver", "because gold and silver hold their value, everybody should hold some gold and silva'..."



    Nothing original in the entire low level interview. It's a shame how low someone can sink.
    I read books by him and he seemed to understand China very well. But not much about the current trends.
     
    Last edited: Aug 10, 2020
  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    Before covid so many of these pundits would have you believe a stray feather would bring down the world's economy at any minute. Here we are 6 months into an extremely serious pandemic and it's still standing. They don't have much left to say except the obvious.
     
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  15. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Yep, I think that 'some form of economy' will keep on running.
    Food will be produced and people will keep consuming, there will be 'work from home' available for a plethora of industries. Banking is also necessary.

    Just that certain branches will suffer tremendously: tourism, transportation, mass entertainment (like concerts, cinemas etc.), major sports events, the automotive industry, cruise ship trips, museums, commercial real estate, AirBnb, Uber and many others will collapse or scratch the ground...

    Other industries will adapt. Digital marketing, the IT industry, banking and investments will find ingenious new ways to adapt.

    Hookers will become cheaper.

    Damn: politicians won't go bankrupt, not even now. Yep, priests will still survive, they'll have new topics to preach about.
     
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  16. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    you had me here
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Jim Rogers is just ranting, not speaking what he actually does. Do you know he lives in Singapore and not in China?

    I remembered listening to him 2 years ago when he was saying gold will drop below $1000. At that time, gold was $1200.
     
  18. TreasureHunter

    TreasureHunter Well-Known Member

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    Yes, I know. And I also know he keeps talking about how important it is for people to learn mandarin. He understands many things about the Chinese economy.

    Rogers' "A Bull In China Book" was very detailed about aspects regarding the Chinese economy, investing in China. But his interviews about the global economy and the current trends lag behind.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I've not read his books, but Jim Rogers is a shrewd businessman. He is courting the Chinese for business deals. Recently, he is also into North Korea which presents even greater money making opportunities than China.
     
  20. STKR

    STKR Well-Known Member Silver Stacker

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    Inflation is caused by printing currency, and increasing prices is a side-effect of that currency making its way into the real economy. Printing currency itself won't cause inflation of prices. Velocity of currency is key.
     
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