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Peter Schiff On Newsnight


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as above

Calling for interest rate rises by the Fed/Boe. Time for the west to bend over and take its medicine (propbably a large suppository).

Personally I'd be happy for Gillian Tett to bend over and take it.

Edited by davidg
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Laying it out. The bail-outs created more debt.

Depression is coming.

We need higher interest rates soon.

I'm sure a lot of people don't want to hear it....

I'm not like some of you guys who seem to be traders etc. but that the bail-outs created more debt seems compellingly true. More debt means more interest to be paid which means further up shit creek. How can that not be worse?
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Wow! Can't believe they let him on.

Looks like we're getting to the desperation stage, where new ideas (old ideas to us) are now actually being listened to, rather than ridiculed.

could be the over reaction stage

not sure that the newsnight crew didn't totally ignore Schiff's statement that Europe is not that bad, that USA is potentially far worse by comparison

I say potentially as the potential of the US economy is so enormous that if they screwed their heads on I think they would be fine

but for the time being they won't

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Schiff is one of the few who really did predict a credit crunch, not just wise after the effect. US housing market slump too.

He then laid into excess credit and predicted, accurately, the collapse of the USA automotive giants because of their loans division.

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Laying it out. The bail-outs created more debt.

Depression is coming.

We need higher interest rates soon.

I'm sure a lot of people don't want to hear it....

Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION?

Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up.

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Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION?

Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up.

We are seeing titillation biflation as my sig been saying for the past 4 years.

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Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION?

Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up.

Writes the knight who says NIRP

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