As someone with a basic understanding of economics (more understanding the reality of spending more than you earn than textbook learning) I enjoy when Peter destroys this ignorant woman. Although he frustrates me often, as do a lot of the wise men commentating the current situation by how he over plays his hand. The problem is that the average ignorant debt stacking moron believes what the government tells them. So when the government tells the people unemployment is at 8% there is no need to waste energy and credibility even mentioning the reality of real unemployment being higher. This stage in the game the cracks in even government reported data paint a clear enough picture for the average beer swilling/reality TV watching loser to understand. The problem for me comes when they fall into the trap of trying to point out how manipulated so much of the data is. As soon as any commentator starts challenging these kind of statistics your average moron switches off. As soon as he mentioned real unemployment was 15% + he might as well be Alex Jones shouting .
How could perceptions be so askew that one side preaches "Nirvanah and hope" while other posits "financial hell and more to come". One extreme or the other. And yet the fundamentals are the same. This women is illogical. Her argument seems to merely be flagwaving USA while trying bag every other nation. Empty silly annecdotes scattered in unconnected ways, shrill voice, trying to overshout her debator, getting wound up when under pressure........... she made me cringe. But with the sound muted, she was far more presentable. Certainly has a better cleavage than Schiff.
Since they are talking about the future it is too early to say who crushed whom. I like her recommendations: Waste Management, Inc.(NYSE:WM) [I own] E. I. du Pont de Nemours and Co (NYSED) Vodafone Group Plc (ADR)(NASDAQ:VOD) I think Peter Schiff is a little Republican weasle who never had an original thought in his life, but hey, I own gold. I have been hearing about the death of the dollar for over forty years and I am older than Mr. Schiff.
Another forty years of a delightful life under fiat currency? That would make me over 90 years old. Please, Jesus!
"Optimism reigns...... thats the American way" shrilled at the end. Oh, how lovely. Gives warm and feeling fuzzies deep down inside.
I try to learn the truth about the United States on YouTube, but I always get sidetracked by Scarlet Takes a Tumble or the Keyboard Cat and end up learning nothing.
The masterdebaters are talking from completely different stand points as someone outlined in this thread. If you listen closely, they aren't even debating the same thing. She is talking about nominal gains which, yes, are very real but they don't even beat real inflation! They barely keep up with govt reported inflation FFS! Someone not being able to see this clearly bewilders me. She lost any credibility with me once she started using anti-logic (feelings) to support her position such as: Yay America, we're the best, optimism - yay! FFS, tune in to reality. She never answered his Peter's question as to whether or not she'd have been better with her portfolio or buying gold ten years ago.
Mr Bernanke is older than Mr. Schiff too, that doesn't make him any more right. You've been hearing about the death of the dollar for forty years because it was only a bit over forty years ago that the dollar began its race to the bottom. His economic base ideology may have come from Mises, Hayek and Rothbard, but I don't remember complete morons like Bernanke and Krugman shouting from the roof tops about a housing bubble for years. In fact even after the bubble had popped they didn't even understand that it had existed in the first place and had no idea of the fallout. At what point do people in the USA wake up to themselves and start listening to people like Schiff who continue to get it right and start ignoring these morons that caused this mess? IMO Schiff is the smartest economic commentator that has made it onto TV in the last couple of decades.
Bob Chapman once said that Peter Schiff is a megalomaniac. I wonder if he was right? I do like Schiff's analysis though.
Bob Chapman was right half as much as Schiff. Chapman had nothing on Schiff as an economic commentator.
