Errol Posted May 24, 2009 Share Posted May 24, 2009 Schiff at his best talking about the collapse - which has just started. Rather long (1hr) but well worth watching. Quote Link to comment Share on other sites More sharing options...
Wimbledon88 Posted May 24, 2009 Share Posted May 24, 2009 Yes, very good. I like the reference to "interest rates at 20%". Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 24, 2009 Share Posted May 24, 2009 (edited) I listen to his weekly radio broadcast. I reckon this keynote speech you've put up will just be a continuation of his mantra. Unfortunately I cannot watch video when I jog, as it is the audio of financial analysts like Peter, Max, and others that keep my brain occupied while I put away the miles. Sad eh? Edited May 24, 2009 by cashinmattress Quote Link to comment Share on other sites More sharing options...
Little Professor Posted May 24, 2009 Share Posted May 24, 2009 What happened to his decoupling theory? And how come his accounts have lost 40-50% over the last year? The guy talks a lot of sense, but his theory that only the US/UK would be affected and that other stock markets would rise has proved utterly foolish. Quote Link to comment Share on other sites More sharing options...
Live Peasant Posted May 24, 2009 Share Posted May 24, 2009 Good video but nothing new. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted May 24, 2009 Share Posted May 24, 2009 What happened to his decoupling theory? And how come his accounts have lost 40-50% over the last year?The guy talks a lot of sense, but his theory that only the US/UK would be affected and that other stock markets would rise has proved utterly foolish. Decoupling will happen as economies pull from recession,not as they go into them.It was obvious with the amount of leverage hitting stop losses all markets would fall together. Hang Seng up 50%,FTSE up 25%.Aus up 30% Aus $,£ +31%.Decoupling doesnt happen over a 6 month crash,its a long term development,and im with Schiff,its starting IMO. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 24, 2009 Share Posted May 24, 2009 (edited) What happened to his decoupling theory? And how come his accounts have lost 40-50% over the last year?The guy talks a lot of sense, but his theory that only the US/UK would be affected and that other stock markets would rise has proved utterly foolish. What about it? What do you think is happening right now? He has never claimed that it would happen overnight, in fact, he has constantly gone on about how he was not able to predict WHEN the crash would happen, but that it WOULD and IS happening. Mr Schiff has been consistently right on a lot more issues than almost all of his contemporaries. He may be an VI in regards to the pick of stocks, but his investment advice is sound. Investing in precious metals, commodity currencies, and going for the long haul in dividend yielding stocks traded outside of the US market. Or do you know something about the future of treasuries and gilts that the rest of us do not? Why is it foolish to think that other nations, outside of the UK and US, will have a go at being number one? Edited May 24, 2009 by cashinmattress Quote Link to comment Share on other sites More sharing options...
Errol Posted May 24, 2009 Author Share Posted May 24, 2009 What happened to his decoupling theory? And how come his accounts have lost 40-50% over the last year?The guy talks a lot of sense, but his theory that only the US/UK would be affected and that other stock markets would rise has proved utterly foolish. His strategy was always very long term. The decoupling will occur over the next 10+ yrs. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 24, 2009 Share Posted May 24, 2009 His strategy was always very long term. The decoupling will occur over the next 10+ yrs. same as BTL. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 24, 2009 Author Share Posted May 24, 2009 Come back here in 5 years time. If the decoupling idea hasn't played out visibly, then we can look again st Schiff's claims. The problem these days is that everyone want quick results. I got into gold in 2000 with the full intention of waiting 10+ years. Things take time. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 24, 2009 Share Posted May 24, 2009 Come back here in 5 years time. If the decoupling idea hasn't played out visibly, then we can look again st Schiff's claims.The problem these days is that everyone want quick results. I got into gold in 2000 with the full intention of waiting 10+ years. Things take time. question is, were they ever coupled in the first place? or was it all an illusion, like seeing animals in the clouds. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted May 24, 2009 Share Posted May 24, 2009 (edited) What happened to his decoupling theory? And how come his accounts have lost 40-50% over the last year?The guy talks a lot of sense, but his theory that only the US/UK would be affected and that other stock markets would rise has proved utterly foolish. hes clearly a sensible chap and his economic thought process is 100% sound, reasoned and intelligent however hes clearly not a market timer and i dont think has ever professed to be. His investment advice is relatively sound on a long term basis but would bankrupt any leveraged investor Edited May 24, 2009 by T De Lempicka Quote Link to comment Share on other sites More sharing options...
roman holiday Posted May 24, 2009 Share Posted May 24, 2009 (edited) hes clearly a sensible chap and his economic thought process is 100% sound, reasoned and intelligent however hes clearly not a market timer and i dont think has ever professed to be. His investment advice is relatively sound on a long term basis but would bankrupt any leveraged investor Yeah, Schiff's message is just too polished and compact. He provides a good service for people who have got no idea about what is happening [just the instinct that something is terribly wrong] by giving them a long term plan/exit. Schiff is pretty much transfixed by one idea, that of dollar collapse, and has both his eyes firmly on the medium/long term. I imagine the more pragmatic investor has only one eye on the long term, in order to keep one on the short/medium term. Why not take advantage of developing conditions. I reckon Schiff and other hyperinflationists will be taken competely by surprise when another round of deleveraging and crash in commodities hit. Edited May 24, 2009 by roman holiday Quote Link to comment Share on other sites More sharing options...
toodimm Posted May 24, 2009 Share Posted May 24, 2009 This is just the usual pile of Schiff I've come to expect. I was totally taken in by him about a year ago, but his tune doesn't change no matter how the global economy changes. I just don't find him credible any more. Quote Link to comment Share on other sites More sharing options...
Darkman Posted May 24, 2009 Share Posted May 24, 2009 I watched it in full. Interesting stuff. I sense he talks the talk, but doesn't always walk the walk. I did notice the only time he started to fidget was when his prediction of hyperinflation was questioned. I think he has his own doubts. Anyway, his summary of the economic mess was simply put ie it's getting worse because Govt is making it worse. Quote Link to comment Share on other sites More sharing options...
Little Professor Posted May 24, 2009 Share Posted May 24, 2009 Unfortunately I cannot watch video when I jog, as it is the audio of financial analysts like Peter, Max, and others that keep my brain occupied while I put away the miles. Yeah, I do the same. I've converted the video to an audio mp3 file, here's the link (16MB): http://www.box.net/shared/hl9scrt7j4 Quote Link to comment Share on other sites More sharing options...
azogar Posted May 24, 2009 Share Posted May 24, 2009 Yeah, I do the same. I've converted the video to an audio mp3 file, here's the link (16MB):http://www.box.net/shared/hl9scrt7j4 ta for that Quote Link to comment Share on other sites More sharing options...
MOP Posted May 24, 2009 Share Posted May 24, 2009 Yeah, I do the same. I've converted the video to an audio mp3 file, here's the link (16MB):http://www.box.net/shared/hl9scrt7j4 Thanks for that LP. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 24, 2009 Share Posted May 24, 2009 Yeah, I do the same. I've converted the video to an audio mp3 file, here's the link (16MB):http://www.box.net/shared/hl9scrt7j4 I don't know about you, but Max has put me in stitches a few times out running. People must think I a right nutter for laughing at apparently nothing. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted May 24, 2009 Share Posted May 24, 2009 Yeah, Schiff's message is just too polished and compact. He provides a good service for people who have got no idea about what is happening [just the instinct that something is terribly wrong] by giving them a long term plan/exit. Schiff is pretty much transfixed by one idea, that of dollar collapse, and has both his eyes firmly on the medium/long term. I imagine the more pragmatic investor has only one eye on the long term, in order to keep one on the short/medium term. Why not take advantage of developing conditions. I reckon Schiff and other hyperinflationists will be taken competely by surprise when another round of deleveraging and crash in commodities hit. yep i see stagflation/hyperinflation as inevitable in the long run but in the near term 12-24 months i see only deflation Quote Link to comment Share on other sites More sharing options...
Little Professor Posted May 24, 2009 Share Posted May 24, 2009 I don't know about you, but Max has put me in stitches a few times out running. People must think I a right nutter for laughing at apparently nothing. Yeah, but in recent months he's been a little short on actual market analysis, with over-emphasis on Cornish Pasties and Joe Bag'o'Donuts Quote Link to comment Share on other sites More sharing options...
MOP Posted May 24, 2009 Share Posted May 24, 2009 Yeah, but in recent months he's been a little short on actual market analysis, with over-emphasis on Cornish Pasties and Joe Bag'o'Donuts I watched Keiser ripping into the green shoots on his latest tv program earlier today: pt 1/2 Max Keiser on the new on The Edge Transmission pt 2/2 Max Keiser Interviews Marc Faber on the new on The Edge Transmission Pretty good I thought. Quote Link to comment Share on other sites More sharing options...
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