Comments by "Kristopher Driver" (@paxdriver) on "Peter Schiff" channel.

  1. Hate the way you self promote, sleazy. Great job on the casts though, glad you're still pumping them out
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  2. And if Trump decides to treat the country like an acquisition, tearing it to shreds to sell its parts for profit? What then?
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  3. omfg you're both defending Trump's absurd campaign... unbelievable. Firstly he's abusing the political campaign for publicity, that doesn't bother you at all? Really? You agree with what exactly, just fixing the middle east by running in there? You support a guy that literally waves his bank statement around to brag publicly? You think this is good for the country? Then you guys are going to go on the anchor baby rant, like these children are the reason for the people's hardship? How much of the budget goes to help people and babies and how much goes to killing them overseas? Over 50% is the answer. Those people you're trying to block from entering the country could just as easily be labor for your precious American humanity to be managers. Your "free economy" implies no borders, you realize this right? You guys are so ignorant sometimes. Peter back tracked cautiously, but damn you guys. You trust a politician to hold true to his principles, Peter? Jesus, I've lost a lot of respect for both of you today.
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  4. snarky77005 lol true to your name
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  5. Jose Martinez odd choice of metaphor lol I don't think that just because tulips go up in value that they're any better investment in retrospect. Fundamentally bitcoin was high risk, any sane investor steered clear and don't feel dumb for it today in the least.
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  6. Is this an example of borderless trade going wrong or just fiscal imprudence? I believe it's more to do with their local policy than foreign fingers in the pot but can't really figure out how bankers view it. As a retail investor it's never been attractive to me, but as a hobby sociologist I'm intrigued that this of all countries is broke considering they sort of lucked out geographically comparatively speaking. Trade access, tropical, tourism, safe from major outside threats, etc. If they generated tidal energy and only imported some of their food and leisure items they should be really strong, stable and have a small income disparity so I don't really get it.
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  7. Denis Parent lol can't remember word for word, look it up. i believe it was his daughter that was featured in a documentary talking about their distanced relationship as a result of his miserly ways in some way shape or form. 
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  8. Wow a whole 25 minutes of a jew banker crying about people being mean. Dude you're really making the rest of us look bad. Say it, but Holy shit, take it easy man. You sound pathetic, and I've been listening to every video you've posted for over a year. This one's brutally whiney
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  9. +Chuck Mann lol!
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  10. Charge it like fraud, because that's what it is! Felony fraud, extortion and purgery
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  11. tarstarkusz man that whole thing pissed me off so much I felt like having a counter rally against them, dressed in a stained wife beater and clogs, marching with misssppellled posters and dragging my bag of empties to drop off and vendors along the way. jk but seriously, i don't know how a false rape claim, or abuse claim doesn't qualify as purgery. it is by definition an indictable offense; recorded, signed and well documented so there's absolutely no possibility of refuting the charges. 
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  12. Last I checked, paper fiat currency only works because the government and central banks force our tax money to back them instead of a tangible asset. bitcoins are no different from world currencies fundamentally except that it's not controlled. bitcoin therefore has more potential for more frequent correction, but you're not going to get chronic severe crashes like the rest of the world where they're trying to artificially inflate or deflate values. By that virtue alone, bitcoin is a more stable form of currency because you don't need to trust the whim of the 0.01% of the richest people on earth dicking with it. Let it crash and there will never be major recessions or depressions, only corrections
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  13. +MrFromminsk implied consent since you're free to leave
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  14. Austrian Markets I'm actually not retarded. you can stand up right now, buy a ticket and leave. trust me, homo erectus has been doing it for many thousands of years without filing or paying expatriation. it's nobody's fault but your own if you don't know how to fight for your rights. you can even walk if you really want to
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  15. Lol Peter you're old. There are entry accounting and programming jobs. Robots need cleaning and quality checks / supervision. It doesn't take a genius to supervise an automated warehouse. The warehouse manager will need to be brilliant, but everyone of the floor is still entry. It's just a smaller more productive pool. That's supposed to be what we like about free markets. Amazon is an example of the politics you preach
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  16. Good show. Fyi, if you did a regular short segment at the end like winners/losers of the week might help too. Ads are really hated. Lots of repetition, don't need to explain every single day how you feel about entry level jobs being too expense. We get it but it's still conjecture. Margins on food and the industrialization of it has something to do with there not being more cashiers. Way to keep it real though 👍
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  17. But like grandad always says, things are worse now than ever... Well, unless they're better... in which case the 5' of snow they walked through for 2 miles to get to school could never be touched by 'the lazy youth of today'
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  18. "I couldn't care less about solicitation of a foreign nation for personal enrichment, I only care about the big picture..." Unsubbed. You've gone off the rails lately, man. Absolutely incoherent, this one
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  19. You'd project more competence if instead of shorting the US, you shorted the US relative to someone else. Your biggest fault in your sales pitch is that you're perceived as ignorantly pessimistic, not positively pessimistic, if you know what I mean.
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  20. Problem is contrarians are no better at predicting timelines as trend followers. It's easier to trade trends and just keep an eye on sentiment and volume. Sentiment is always wrong, volumes key to timing. That's all anyone needs to actually follow IMHO
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  21. +Bill Janksy lol
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  22. rob sol they'll drag it out with another round of QE which will be not at all effective, but they'll ride that cart until next year easily. look how "stable" the rhetoric was for 12 straight months last year talking about a quarter point interest rate hike. they also have reserve requirement adjustments like ECB essentially did the other day trying to spur lending with cash injections without changing the reserve requirement. The FED has enough red capes to keep the bulls occupied for at least a year, but otherwise I agree fully.
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  23. rob sol Schiff is right in what's coming, his timing, which he admits, is speculation and based only on current information. I speculate they'll be able to drag it out for a year. They did it last year just by talking shit lol if they actively introduce policy and stimulus it could easily stretch into next year in my opinion. 
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  24. rob sol like i said, i fully agree. nothing was fixed, bubbles were further inflated and sentiment has been manipulated outright. I'm just saying Obama could easily drag it out to the end of his term, because recent history suggests it's feasible
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  25. rob sol GDP is a constantly changing figure, i'd never bet on that. do you realize that they count "productivity" on the same product several times depending on where it's shipped, tagged, wholesale/service etc. it's not a real number, it's just another metric. it's like betting on the SP500, if you inject a whole bunch of money into the country the SP500 will go up, but purchasing power will go down so the number is only relevant if inflation (real inflation, not the published figure) stays level, which the powers that be do everything they can possibly imagine to push inflation up. It's nonsense
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  26. rob sol i don't expect that loss to happen next year, nor am i a troll. i simply have a different opinion. read my responses again, i was pretty clear about my position several times. you're picking a fight over nonsense
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  27. rob sol i don't think Obama did well with the economy at all. I'm with Schiff on that one. FED is completely tooting the Obama horn to the tune of further inflating each previous administration's poor choices. nothing has changed except the housing bubble turned into an M&A / car & student loan bubbles. 
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  28. rob sol i do expect the crash, the data suggests it. i've been a currency trader for over 10 years and my analysis independently forecasts a major collapse as well. i doubt it'll happen in 2016 because the government will postpone it as long as possible and they're not out of ammunition yet, but certainly within the next 2 - 3 years.
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  29. rob sol if unemployment did go to 70% it would just be because people are trading labor and goods under the table, not that people would be sitting at home. people need to eat, there would just be a bigger non-taxable black market if that were the case lol drugs use and sales would soar though in a 70% unemployment environment and the population would be steadily culled for a generation at least. It's not going that far, the IMF would just invent another bank in a worst case scenario and curb the problem with yet more bullshit
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  30. rob sol the IMF was invented when they needed a new mechanism to protect the world from crashing. They've already mentioned ideas of creating a higher governing body or extending the IMF's reach the next time.
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  31. rob sol they'll make a new group maybe, with china at the helm :p
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  32. rob sol doesn't seem like they're in much trouble. they've positioned themselves well to share the world's super power status with Russia when the rest of the Western world collapses financially. 
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  33. rob sol I disagree. they're only just starting the self destructive practises that made the Western world the super powers. They both have a lot more ammunition monetary policy wise, so when the rest collapse, Russia and China will be the only viable sources of financial support to the world's banking systems and governments. That's what will give them their power, their leverage over the rest of the world's [lack] of production and productivity
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  34. rob sol crazy doesn't mean dysfunctional and Russia and China's governments both control their currencies better than the West. They are very well positioned to scalp the planet on a global collapse. Actually, by all accounts they are the best positioned in terms of scale and fiscal control. 
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  35. rob sol why would you worry about china? worst case scenario they could convert to HKD and just suicide the renminbi lol jk but the government has enough control that there's nothing to worry about. the way their people have been living this past century there's not much that could hurt the people anyway. they at least haven't yet forgotten how to farm, unlike the western world
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  36. rob sol they're also the world's largest property owners... you know, that stuff that food grows on. 
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  37. rob sol rightly so. fact of the matter is laughing at china is the reason we're looking at them with suspicion at all lol years ago we were happy to surrender our manufacturing because we thought we were exploiting them. if they are in fact playing a higher dimension of chess, it's not a far stretch to think they're better positioned than we can imagine. they're not stupid people. if they saw the world 30 years ago and saw the collapse of major nations coming it would make sense that they'd position themselves to overtake a weakened system than to compete fairly right from the beginning. i'm talking about the chinese people as a whole, don't forget. their political parties (if they had more and were actually democratic) may all have different ideas of how to get china on top of the rest of the world but every party would do what's best for china in the global markets, which means taking wealth and living standards from abroad to fund it the same way the west has exploited africa, indigenous people, and 3rd world labor for decades.
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  38. establishing themselves in the reserve basket sets them ahead of russia. every other currency in that basket have the same flawed systems so a crash would leave China on top whether they're ready or not lol
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  39. @5:00 have to admit that he's right about time off between jobs. Leaving one job to start another generally means no vacation for at least 12 months. For us less formally educated middle management types, that means high stress lots of hours 2 or 3 weeks holidays per year, going 2 years straight is not easy. Time between promotional employment changes is vacation for many years climbing the ladder, wish I got ui for it the last 12 years I've been climbing...
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  40. For poor people to kick in they're sacrificing food and second jobs. Businesses are getting their wealth by globalization shrinking the middle class. Nobody wants to be poor and work a shit job, they have skin in the game far more than a wealthy person not sweating for a living. They have the most incentive to not be poor, how will taking money from the poor encourage them to not be low income? So fucking ignorant. Why is it so terrible to live in a society where people aren't worried about buying groceries or a place to sleep in the richest country in the world?
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  41. rob sol so if it's so great and wonderful to eat bread and potatoes every day why don't you quit and join their glory life? oh? because it's a shitty life nobody wants to have? yeah, that's how they feel except they believe, whether true or not, that they're stuck there. it's the rest of society's duty to help uplift people to their full potential. that's what makes a good manager from a poor one in most cases. lifting others to their potential is the answer, not giving them less hope or less quality of life.
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  42. Bill Janksy lol i hope so, but you realize for Trump to win now would be pretty much unprecedented considering historical nominations and caucus votes thus far. that's the scary part.
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  43. rob sol I agreed with everything until the last three words lol. They are crazy, have you watched the debates in full, like not highlights but the whole thing? I'm not trying to sound patronizing, but start to finish those dimwits have proven time and time again that education is relative. Ben Carson "they're like Romans watching lions fight people while it burns, but we have fire extinguishers and we're going to put that fire in our bellies. Tee hee hee". I mean... most off the cuff hollywood stars make more relevant speaking points at award shows, and this is the country's best of the best? It's because of money (or lack thereof) that we don't see many or any real candidates. If you want what's best for the republicans, vote sanders for one term and you'll see a completely different race in 4 years; a proper conservative. I don't agree with a lot of Rand Paul's campaign initiatives, but he was at least an adult and competent enough to understand the issues that I disagreed with him on.
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  44. rob sol definitely misplaced in the sense that Rand understands how the government is abusing the powers they've been privy to. I agree, he wasn't perfect, but he had an understanding of the banking system and flagrant wasteful spending of Washington and tried to bring intellectual discourse to the stage. In that regard alone I say he was an adult, I don't agree with him, but he tried to have a mature discussion about his actual political positions.
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  45. Bill Janksy i agree, but he has an understanding of the system, these other candidates don't have a clue. I disagree with Rand Paul, but he promoted his positions with logic and poise and I respected him for that.
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  46. rob sol he's the only candidate in the last century that pointed out the flaws of privatized central banking systems which is the heart of the entire problem that the other GOP and even Bernie's running on, money in politics, corruption, wasteful spending and feeding the wrong economic demographic with monetary policy. He does know more about real economics than the other candidates.... by a "huge, huge, huge" margin, "believe me" lol  (Trump impression at the end there... w/e, i think i'm funny)
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  47. rob sol lol word
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  48. rob sol i strongly disagree with his foreign policy but no sense getting into it since he's stepped down. what i think is important is he understands that money should be printed for the people, tax payers should never pay interest on their own country's federal borrowing because the money is supposed to be for the people, not for the banks. that's a discussion that still needs to be had system wide.
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  49. rob sol lol yeah, i think between us it's just a difference in views. we wouldn't need fixed income or secured investment instruments if inflation and deflation served the public as a form of tax/subsidy based on the economy's natural evolution and health. forcing people to lock their money away to preserve value to me is a needlessly complicated way of saving. the complexity of the market can be easily and dramatically reduced by giving the government control of its currency in simpler terms. for a bit of background, as you probably guessed, i'm into currency trading lol
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  50. rob sol what i'm saying doesn't take money out of the market, it places a higher emphasis on actual valuations instead of accruals. so money that needs a safe place to sit does so in a bank, where it's then lent at say 8%, while the bank that lends is paying you 3% for your deposit but it's not locked in. investment wouldn't decrease and loans wouldn't either (once the system regained a functional balance, that is) so it's not discouraging credit or investments. my idea would simply re-appropriate a responsible level of savings, de-leverage portfolios by not needing so many varieties of "safe" instruments, and balance the access to credit more evenly to the population since each bank would have different levels of available credit to lend based on the savings deposits of its local customers. investment in companies is far more productive than government secured instruments because they're backed by future taxation, which serves no purpose other than costing the government money. people only invest in secured products because of the central bank and government's interventions to hit inflation targets to help them service their own debts; which they shouldn't have. treasuries would be useless if we're all productive because deflation makes our savings more valuable by their purchasing power, so money in stocks would be a more productive application for investment capital. and if we run a deficit the government could print instead of borrow, and inflation would be like a flat tax on the population rather than the complications of a whole bunch of bonds which affect the rest of the market directly, despite not actually being materially related to the valuation of a company stock. in other words equity multiples would fall in line to far more common sense levels instead of the 15+ P/E ratios that exist today and the volatility caused by leveraging and ever-changing fiscal policy would save the population from massive swings which cause enormous shifts of wealth, typically to the detriment of the poorer investors and to the benefit of those with the necessary margins needed to withstand the momentum shifts. 
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