If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Slate)   A possible future crash is discussed at the Americans for Prosperity conference, held by the Defending the American Dream organization. Subby missed it while attending the People Against Good Things summit   (slate.com) divider line 23
    More: Misc, Peter Schiff, Defending the American Dream, Americans for Prosperity, American Dream, Americans, David Koch, prosperity, stock market bubble  
•       •       •

496 clicks; posted to Politics » on 09 Aug 2012 at 11:41 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



23 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2012-08-09 11:41:58 AM
Republicans and Al Qaeda are hoping for the US Economy to crash.
 
2012-08-09 11:45:40 AM
"Fortunately," says Peter Schiff, "I think we're going to be presented with a real economic crisis."

Fortunately? Fortunately, you provincial putz?
 
2012-08-09 11:45:52 AM
I love Peter Schiff. He predicts endless doom for years and years and the one time he gets it right he's hailed as a visionary.

Let this be a lesson to all you permabears out there. The fact that Ron Paul has predicted imminent hyperinflation for 30 years is no reason to stop doing so. One day you'll be right and then you can say "I told you so!"

Don't stop believing. Hold on to that apocalypse feeling.
 
2012-08-09 11:53:47 AM

Rapmaster2000: I love Peter Schiff. He predicts endless doom for years and years and the one time he gets it right he's hailed as a visionary.

Let this be a lesson to all you permabears out there. The fact that Ron Paul has predicted imminent hyperinflation for 30 years is no reason to stop doing so. One day you'll be right and then you can say "I told you so!"

Don't stop believing. Hold on to that apocalypse feeling.


Oh come on. You mean the Dow didn't crash to 2000 in 2002? The man is Nosta-farking-dumbass!
 
2012-08-09 11:55:27 AM
"When Ben Bernanke says we're only going to give the economy more stimulus if it needs it," says Schiff, "it's like telling a heroin addict, 'We'll only give you more heroin if you need it.' The economy is going to need it, because without it, it's going to collapse. But it's not right to give a heroin addict more heroin just because it'll keep him high. It's better to send him to rehab. That's what we need to do, instead of injecting more monetary heroin into the system."

Yeah! Stop injecting heroin into the economy, let people keep more of their hard-earned heroin! I need this heroin to pay for the mortgage that I bought before the heroin crash. And stop wasting heroin on schools and law enforcement and ... wait, maybe this analogy doesn't work at all.
 
2012-08-09 11:56:32 AM
Will this crash involve snow of any kind?
 
2012-08-09 12:01:43 PM
Schiff states that letting the banks fail in 2008 would have been a good thing because it would have allowed us to start over. He neglects to mention that instead of a lost decade, we would have had a lost century.

In any case, the first person that can explain how non-intervention would have succeeded without the collapse of the commercial paper system gets a shiny new amero.
 
2012-08-09 12:03:28 PM
"Under Obamacare, they have to sell me the same policy after I get sick that they would have sold me before I got sick," he says. "That's like being able to buy fire insurance after your house burns down."-Peter Schiff

HA-HA.jpg
 
2012-08-09 12:09:58 PM

jjwars1: "Under Obamacare, they have to sell me the same policy after I get sick that they would have sold me before I got sick," he says. "That's like being able to buy fire insurance after your house burns down."-Peter Schiff

HA-HA.jpg


Wow. His argument against it is an argument FOR the individual mandate. Awesome!
 
2012-08-09 12:16:40 PM

theknuckler_33: jjwars1: "Under Obamacare, they have to sell me the same policy after I get sick that they would have sold me before I got sick," he says. "That's like being able to buy fire insurance after your house burns down."-Peter Schiff

HA-HA.jpg

Wow. His argument against it is an argument FOR the individual mandate. Awesome!

Sounds familiar
s18.postimage.org
 
2012-08-09 12:20:19 PM
The theory was proven by anyone who invested the Schiff way-an ounce of gold, worth $685 when Crash Proof came out, is now worth around $1,600.

So the guy's a Glenn Beck clone gold huckster with a bit of Ron Paul back-to-bartering philosophy thrown in for taste?
 
2012-08-09 12:23:27 PM

Rapmaster2000: I love Peter Schiff. He predicts endless doom for years and years and the one time he gets it right he's hailed as a visionary.

Let this be a lesson to all you permabears out there. The fact that Ron Paul has predicted imminent hyperinflation for 30 years is no reason to stop doing so. One day you'll be right and then you can say "I told you so!"

Don't stop believing. Hold on to that apocalypse feeling.


Clock cleaned by a stopped clock
 
2012-08-09 12:24:13 PM
Americans for Prosperity.

You know, for some time I've been meaning to compile a list of right wing groups that have ironic names. If it's not bigots for personal Libertytm, it's populist PACs that consider "Americans" to be those with a certain net worth. And course there's the whole "family" and "values" folks. They're the worst.

I'm off today. Maybe I'll do it.
 
2012-08-09 12:27:06 PM
Pagans.....
content.internetvideoarchive.com
 
2012-08-09 12:34:16 PM
Did anyone else see the sidebar link of Rmoney standing on chairs (and some tables)? Standing awkwardly on things while speaking to groups must be one of his prime directives.
 
2012-08-09 12:35:57 PM

dickfreckle: Americans for Prosperity.

You know, for some time I've been meaning to compile a list of right wing groups that have ironic names. If it's not bigots for personal Libertytm, it's populist PACs that consider "Americans" to be those with a certain net worth. And course there's the whole "family" and "values" folks. They're the worst.

I'm off today. Maybe I'll do it.


It would be way shorter to compile a list of right wing groups that don't have ironic names.
 
2012-08-09 12:37:05 PM
"We have a lot of money in Singapore, a lot of money in Hong Kong," he says. "There are areas of the world that are prospering, that have less government, fewer regulations, and more freedom than we have here. And we can invest in those countries." They're safer bets than the United States. "We're either going to default or inflate. Fortunately, the same investment strategy will work under both."

Sad to see that Republicans don't believe in American exceptionalism any more.
 
2012-08-09 12:47:15 PM

Lochsteppe: It would be way shorter to compile a list of right wing groups that don't have ironic names.


Yeah, but I need something to do today. No appointments, no girlfriend anymore, my friends are all at work, no kids, and last week I broke down and paid a maid service to scrub my place to perfection because I was too intimidated by my own mess and didn't know where to start. So I think I'm just gonna get drunk, change the oil in my bike, and make that list.
 
2012-08-09 12:58:48 PM

Lochsteppe: dickfreckle: Americans for Prosperity.

You know, for some time I've been meaning to compile a list of right wing groups that have ironic names. If it's not bigots for personal Libertytm, it's populist PACs that consider "Americans" to be those with a certain net worth. And course there's the whole "family" and "values" folks. They're the worst.

I'm off today. Maybe I'll do it.

It would be way shorter to compile a list of right wing groups that don't have ironic names.


Reminds me of this:

Every faction in Africa calls themselves by these noble names - Liberation this, Patriotic that, Democratic Republic of something-or-other... I guess they can't own up to what they usually are: the Federation of Worse Oppressors Than the Last Bunch of Oppressors. Often, the most barbaric atrocities occur when both combatants proclaim themselves Freedom Fighters.
 
2012-08-09 01:04:32 PM
FTFA:"We have a lot of money in Singapore, a lot of money in Hong Kong," he says. "There are areas of the world that are prospering, that have less government, fewer regulations, and more freedom than we have here. And we can invest in those countries."

I know what kind of freedom he means, but I can't help laughing at this. Maybe he should tell this to the next gathering of tea partiers? They might move.
 
2012-08-09 01:05:08 PM

Rapmaster2000: Lochsteppe: dickfreckle: Americans for Prosperity.

You know, for some time I've been meaning to compile a list of right wing groups that have ironic names. If it's not bigots for personal Libertytm, it's populist PACs that consider "Americans" to be those with a certain net worth. And course there's the whole "family" and "values" folks. They're the worst.

I'm off today. Maybe I'll do it.

It would be way shorter to compile a list of right wing groups that don't have ironic names.

Reminds me of this:

Every faction in Africa calls themselves by these noble names - Liberation this, Patriotic that, Democratic Republic of something-or-other... I guess they can't own up to what they usually are: the Federation of Worse Oppressors Than the Last Bunch of Oppressors. Often, the most barbaric atrocities occur when both combatants proclaim themselves Freedom Fighters.


Pretty much. Also, any country that has the title 'Democratic' in their official name is undoubtedly a dystopia.
 
2012-08-09 01:36:13 PM
"The opera is coming. The real financial crisis is coming in 2013, 2014. And so, we'll get a real choice, a fork in the road. One way is going to lead toward complete authoritarianism, complete totalitarian government, and the other way is going to lead back to freedom."

Oooh! Oooh! I think I've guessed the plot twist!
 
2012-08-09 01:44:02 PM

Wyalt Derp: "The opera is coming. The real financial crisis is coming in 2013, 2014. And so, we'll get a real choice, a fork in the road. One way is going to lead toward complete authoritarianism, complete totalitarian government, and the other way is going to lead back to freedom."

Oooh! Oooh! I think I've guessed the plot twist!


As everyone knows, there's no middle ground between "freedom" and "complete authoritarianism".
 
Displayed 23 of 23 comments

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report