Comments by "bengolfs1" (@bengolfs1) on "Peter Schiff" channel.

  1. Brilliantly laid out, Peter. I wasted four years in college when I could have listened to you.
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  2. Warren Buffet's golden rule: Never invest in anything you don't understand.
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  3. I agree with your assessment. I can't help but recall Francisco D'Anconia's money speech in Atlas Shrugged. The money being given away is the unearned and a short-term fix. Most Americans don't want handouts, they want steady work. Which is impossible for a large segment of the population at the moment.
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  4. Too many commercials, pete.
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  5. Ditto for George Floyd. The media never lets the truth get in the way of their narrative. Now Floyd, a guy with a history of arrests who was trying to pass fake money at a liquor store, will be remembered as some sort of martyr rather than the criminal he was.
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  6. Isn't the "greater fool theory" the foundation for all trade in our society (i.e., the hope that you can sell something for more than you acquired it)? This goes for gold, bitcoin, and all other tangible or non-tangible assets (e.g., real estate, collectibles, etc.).
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  7. As for Kim Potter, she made a stupid mistake, and one has to question whether or not she chose the right career or not if she mistakes a gun for a taser. She is guilty of stupidity and nothing more.
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  8. The U.C system used to be free not too long ago, Peter. But I agree that Affirmative action is a social experiment whose time has come and gone. Once you celebrate the mediocre and common, there is no longer an incentive to improve and try your best.
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  9. I agree with everything you said, Peter. Chauvin had no shot at receiving a fair trial. It was a fait accompli. So let's not pretend justice was served. And why would anyone in the world want to pursue a career in law enforcement, when there's a good chance you'll be sued, killed, or lose your freedom?
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  10. It takes money to make money. Investing in equities is not for everyone. What's happening now is the same thing I saw a generation ago, where Wall Street firms encouraged the average Joe investor to invest in stocks, bonds, mutual funds, and other inappropriate investments. In the end, it was like a wounded seal trying to compete with a great white shark. My first job out of college was trading futures contracts, and I was constantly making margin calls and opening new accounts to replace the underfunded ones that blew up.
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  11. As usual, deficits seem to only matter when a democrat is in office.
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  12.  @markmoss3704  My first job out of college was as a commodity broker in Century City on the west coast. I've been appraising commercial real estate for the past decade and have investments in equities, a Franklin Fund, and collectibles (coins, slabs, bars). I just recently discovered your channel and, while I don't agree with everything you say, it is informative nonetheless.
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  13.  @gerharddanner2038  I understand that. I'm just talking about the primal motivation for investing in the first place. The greater fool theory is the hope that someone, acting in their own self interest(s), will pay a certain price point for something with the hopes of selling it for a profit to someone else. Thanks.
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  14. As a commodity broker back in the late 90's-early aughts, I saw this movie before. Sometimes I think the worst thing a novice investor can do is make a profit on their first trade. They think their invincible...even in the face of huge losses. I think we're heading for a big correction in the equities markets.
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  15. Don't talk about how democrats have changed without first mentioning how radicalized the republican party has become. Trump has, in fact, made the party an untenable laughingstock.
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  16. Any currency has to have general acceptance and recognition. Crypto has neither.
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  17. Megyn obviously knows little-to-nothing about politics and the economy.
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  18. And you're drawing an equivalence between COVID-19 and other common illnesses or risks that we live with and accept as part of the deal, which is clearly reaching.
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  19. I agree with you Peter vis-a-vis the Daunte Wright situation. Why can't people just comply and behave and show some respect for authority? I've been pulled over for speeding violations in the past by police, and I comply and answer every question. A few times I've even been let off with a warning. Now the media's narrative will be that this Daunte character was some sort of angel. What happened to personal responsibility?
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  20. The acoustics sound off, almost like you're in the basement, Peter.
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  21. Peter, you seem to tie work and production with income, which is not always the case. For example, how do you explain interest compounding? And how do you explain residual income received after a completed transaction or sale that may have taken place years ago?
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  22. Having a bundle of rights is crucial to real property ownership.
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  23. President Biden and the democrats owe their victories last year to the black vote--especially Biden, who was polling in the single digits last year before Super Tuesday and whose campaign was flatlining until his great comeback. So this is no surprise.
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  24. Not one peep about the flatlining gold prices in the last 12 months.
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  25. I think most people would choose to work and earn their money rather than collect the unearned every month. That being said, I find it quite hypocritical that certain business sectors/owners (who tend to vote republican) that have called for less government oversight and laissez-faire policies are the same ones who lined up hat-in-hand looking for a government bailout 12 years ago under President Obama, and are doing the same thing now. How do you reconcile that?
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