A quickie

BOOK

I’m rushed for time, so this is just a quickie…

Today I got stuck in an airport, so I picked up the item on the right at a book stand and flipped through it for comic relief.

Schiff has spent years telling you that the world is about to end, and that the only way you can save yourself is to give him your money. Every one of his books, articles, videos, and TV appearances are infomercials for Schiff’s brokerage, EuroPacific Capital (which has some of the highest fees in the market.)

Some gems from this book…

> He claims that he alone predicted the housing bubble crash (even through everyone knows that all bubbles burst). He claims that his “prediction” was the inspiration for the movie The Big Short.

> As always, he claims that the USA is on the verge of hyperinflation

> As always, he claims that in the “near future,” gold will trade at $5,000 per ounce. (Therefore you need to buy gold now through Schiff).

> As always, he claims that the U.S. government is about to “default on its debt.”

> Schiff wants to abolish minimum wage, and privatize the national highway system, making every freeway a toll road owned by the rich.

> On pages 206 and 210 he claims that doctors would treat poor patients “as a matter of charity,” but they don’t because of Medicaid. Therefore in order to make sure that poor people get medical care, we must abolish Medicaid.

Every single one of Schiff’s predictions have been wrong (except the housing bubble thing, which was not a prediction, but a mundane observation) and yet he still manages to reel in the suckers, and get TV appearances.

Fear sells, aye?

new-42

I heard that now Schiff is expanding into a new market…

SCHIFF'S snake oil

 

 

 

 

 

 

 

 

 

 

 

SCHIFF'S snake oil 2ambulance

 

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

3 Responses to A quickie

  1. Narco-Capitalist says:

    All doomsayers have some sort of shit to sell.

    Like

  2. Steve says:

    Could you provide a follow-up as to what you believe is the motivation behind why anyone would become a Schiff-bot, or a Steph(an Molyneux)-bot? Peter Schiff and Stephan Molyneux must be the most smug and clueless click- thieves on Youtube. (Or anyone who appears on Greg Hunter’s Channel.) Who in their right mind believes these clowns never ending line of bullshit? I have to admit however, Schiff is a pretty good data interpretations guy but somehow his prognostications are CONSISTENTLY wrong.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s