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FrozenOut

Schiff Goes Up Against Congress

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Schiff doesnt get it.

the masses are used to and demand cotton wool for their votes.

They dont want to face their own unproductivity.

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Schiff, like dear old Mr Cable, is better as an independent pundit than a politician. His appeal is to tell it like it is, and he has cut through the bull*shi*t expressed by USA incorporated, the banks and the American legislature with a rapier. The moment he seeks and achieves real political power he will, like Vince Cable, be compromised and his intelligent swipes at the idiots running wall street will be watered down into a mixture of anodyne acceptance and lobby influence.

He's better off outside the system, and certainly more useful.

Edited by VacantPossession

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I wonder how much of his income is invested in manufacturing

Given all the regulations he was talking about, who in their right mind would invest in US manufacturing?

The story of Gibson Guitars for example

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Worth listening to.

Have to say he's looking a lot older now.. but still talking sense. I think it's also the first time I've seen him show any nerves.

He has an incredible ability to appear normal while making those around him sound feeble.

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Peter Shiff FULL Testimony Before Congress

Really good testimony by Shiff. Only bit I doubt is manufacturing but perhaps he said it including all different kinds of new businesses and emerging sectors currently being impeded by government policies, micro low interest rates, QE, subsidies, stimulus and red tape.

Just read this special Reuters report (14th September 2011) by their own market analyst. It is so Shiff-esque in its analysis and resistance to BoE Posen's calls for more QE. More people understanding all the QE and stimulus and recovery calls to make money available to any entrepreneur who wants money is making things much worse, not better or any sort of recovery.

http://www.reuters.com/article/2011/09/14/column-boe-posen-idUSL5E7KE21Z20110914

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  • 332 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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