Comments by "bighand69" (@bighands69) on "Peter Schiff" channel.

  1. That is Walmart's choice and not yours.  Its called freedom. 
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  2. Yeah bitcoin is amazing. I went into a shop the other day and just handed them bitcoin and they just loved it. My favorite book is the emperor has no real clothing.
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  3. Actually he is stating the obvious problems with bit coin just as Fiat currencies have problems as well. 
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  4. The last time gold was $100 an ounce was 1973. Even with inflation level growth its minimum today would be $450 an Ounce. The demand for gold today is higher than ever and is not going to stop anytime soon.
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  5. US inflation is quite low compared to the figures of international markets.
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  6. DavidAKZ Oil is not going to run out. The real issue is who has access to it in terms of productivity and distribution. As points of production become static and demand increases it will be come more expensive to get oil trade for certain countries.  Now renewable's and efficiency system will off set these for certain countries but only those that have the means and investment to do so.  Ironically Norway who is a massive oil producer has heavily invested for the last 60 years in renewable's and now has 100% of its electricity produced from renewable's with 250% capability. And they also use 3 times as much electricity as other countries per average because they heat their homes with it as well. One of their Hydro dams has 4 years of supply reserve in it.  Germany is massively investing in its gas networks for carbon so that they can use the excess carbon as part of their methane production. 
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  7. Winston Smith As stated by you "but do I get to choose not to give those workers food stamps, housing assistance, and health care" No that is welfarism and that is problems that it creates. Taxation kills jobs. 
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  8. ***** How does your theory of Chinese having lots of children work with the one child policy. China has a fertility rate of 1.7 which means that they cannot have an attitude of having large families.  Where do you get your information from. 
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  9. The jobs went over sees because they were not innovative enough. China is now a major manufacturer with several other Asian countries.  No amount of tariffs would change this fact. 40 years ago only the Germany, US and Japan could design and make computer electronic chips. Today their are hundreds of regions that can do this. 
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  10. Tubemax68  Switzerland's exports are spread across the world and they also have a highly mixed economy. The Price of a swiss watch will go up but their purchasing power will as well so they can buy all the materials.  The EU quantitative easing will be a disaster of epic scales and the Swiss have realized it is time to jump ship.  Do you actually believe that Swiss banks do not know what they are at. 
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  11. El Okim Stop with your left wing communist nonsense.  Switzerland has got away from EU quantitative easing. It is not hard to understand this. You do not need to make up some fantasy. 
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  12. Tanner Stage V If they cannot plan for retirement that is there problem not mine or Walmart's.
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  13. But all of what you have stated is happening at the same time as QE.  How does that tally up for you. 
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  14. It is the same as trading you could buy goods that latter become duds. 
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  15. I hold Swiss Francs but I will not be letting go of them anytime soon. This is only the start of this. I cannot wait for all the fun and games to start.  The US will either stop QE by choice or they will be forced by the market to do so. Europe is now trying to absorb the brunt of this to try and keep its economies afloat.  What this QE will do is grow EU markets massive like US markets but it will all come crashing down at some point. So may profits of it while you can. 
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  16. Pinky Green I did not buy that much gold and silver I have been buying farms, land, manufacturing, fishing, clothing, communications and about 20 other fields.  So as to hedge my investments and they are indifferent markets as well. My house is on a 500 acre productive farm and I also have a small food production company attached to the farm.  Gold and silver can be the same if you plan for it properly. If the QE crash does not happen at least they are still physical properties.  Gold does not disapear and neither does the computer in the corner or car outside. 
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  17. Jalreal There are two different philosophies of money one is that it is a metric system the other is that it is a value system. And this leads to two different types of investors.  Just because a central bank uses decentralized banks to channel asset classes does not mean the the central bank has "deleveraged" those liabilities. They are just as real as they were before they carried out there financial balance sheet numerical exercise.  There is nothing new in any of this and countries/empires/states have been debasing their trade mechanism for a long time.  The ancient Minoan cultures had created algebraic models of trade that they thought were infallible as did the Egyptians and ancient Greeks.  The great road builders had done the same as did the British empire with its mercantile laws that more or less created great famines in which killed 1.5m people in Ireland.  Calling it interest rates, QE, Expansion, debasing or Mercantilism does not change the fact it is trying to manage at a level beyond current management practices.  Do you not think it is a flawed logic that the system that was responsible for a big part of this mess is also the system that has the cure. Would you not even question this at any level of logic.  Devaluation of currency is not even America's biggest issue in all of this. Do I actually think it will create deflation. First of all that is very wide impact notion that neither of us could really discuss here. Oil could go up and computer chips down and a school teachers salary is cut in half while the doctor has 10,000 new patients.  America in all of this risks losing its international position of prestige. Where its currency has not value on the international stage at all. 
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  18. Peter Schiff is talking nonsense. The very first thing he effectively says is wrong and can be easily searched for and established. China is not the US largest trading partner that would be Mexico or Canada. China is not even a manufacturing hub as many seem to imply as it is an assembly hub. Total Chinese trade with the US makes up about 2.5% of total US economic activity.
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  19. None of this has anything to do with money supply or interest rates but it will not stop people from trying to make others believe that it is.
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  20. Which crypto are you referring to. There is so many of them. You are viewing on short term basis not long term.
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  21. SO you think tin pot economies trading flawed currencies means something?
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  22. There is not going to be a crash during this Trump presidency. The biggest problem pre Trump was that credit was expanding but the economy was not growing. The current debt levels are being offset by economic growth. If the structural issues that Schiff is talking about are not dealt with it will mean that a big economic crash will come. The American economy is really versatile and can withstand a lot that has been demonstrated over the last 30 years of craziness. The economy is now growing and will continue to do so.
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  23.  @peterroberts2952  US debt is not a promissory it is a liability and is nothing more than an accounting expression.
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  24.  @peterroberts2952  "Gold is the Apex predator." That is just something you made up. US bond market is used to keep international trade operational by opening up the market to foreign investors. The gold standard is not using gold as a currency but I guess you do not understand that.
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  25. US is not a grizzly bear it is a battalion of dragons that can torch anything in sight.
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  26. The US can only lose when its market place collapses and that has not happened nor is it likely to do so for centuries.
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  27. LacusTheDestroyer When the Federal reserve stops QE there is going to be a collapse.  Are you thinking that this is not going to happen. Are you under the impression that QE can last for ever. 
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  28. LacusTheDestroyer If you are saying 1 year is a long term investor what would you call 10 years. 
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  29. Digital curries like this believe it or not are part of some austrian economic proposals.  Were different curries compete in the Market place. Every currency you have is a risk and that is why you need to spread risk so as to reduce it. 
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  30. But that is what happens when governments try to regulate wages. 
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  31. The modern standard of living is due to productivity not deflation.  You are confusing this then with deflation. A computer today is millions of times more powerful than those 30 years ago yet the chips that were in those computers from 30 years ago cost a few pennies today.  Food production has gone through the roof and this in turn has made food cheaper. I am confused to your use of the word deflation. 
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  32. ***** Just so we are not getting confused are you referring to Monetary system deflation or productivity. Because I find that people get confused between the two.  Computer chips got cheaper as methods of productions and means of productions evolved. Just as medicine/healthcare will get cheaper with genetic analysis. 
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  33. The majority of people are lazy they only want to do the minimum to get by.  When you give them information they just do not care. 
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  34. Matt Damon "Im sorry that you are too narrow minded to see outside the capitalism communism paradigm" Communism has never worked. Not one example of its success. Obviously people are going to attack communism and any type of communist proposal. 
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  35. The welfare state is a big reason for this no doubt.  But so is the high levels of taxation that is destroying jobs. It is a double whammy. There is a culture of violence that perpetuates in these communities.  Now I know children who have been raised in single parent families who have been very successful because the one parent they had actually raised the children properly. 
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  36. Amber Hasty Your case Amber is not the major reason for a lot of people not getting married. Your case is unique and not easy for anybody to tell you what to do.  Now my advice is that need to start planning for the future and start looking at how you can increase your wealth. Your options if you do not try to increase your wealth is to stay at the mercy of the state.  You are going to need to gain financial independence. This should be your long term goal. Marriage I will be honest by the sounds of it is not your main concern. 
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  37. Sorry but that is nonsense. The Bankers have not created this crisis.  Governments have been taxing people to much and then they have been using credit as a means to relieve that tax burden.  And this has been see right across the economic board. 
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  38. Or maybe they are just hitting stage freight. 
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  39. Australia has not used QE but their government in effect has still devalued their dollar because of the deficit they are starting to build up. 
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  40. Donald Wright The debt is not Americas biggest problem believe it or not. The deficit is the biggest problem and to counter that deficit they are printing up money. 
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  41. Donald Wright 90% physical wealth vs 10 paper wealth makes no sense.  People will own what they desire just as I own farms my neighbor has a massive book collection and another neighbor owns shares.  A gold currency would also work but that is not the point I am making. The point I am making is that governments are running up massive debts because they are having a deficit.  Norway which uses a paper system like everywhere else has not debts or deficit and the same with Switzerland. It would make no difference to those countries if their currency was gold or silver or paper.  The reason Japan is not sinking economically and it has a massive debt problem through paper is the fact its manufacturing is more productive than its paper based system. So while it may have a paper deficit it has a physical surplus of goods. 
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  42. Your assuming that the Fed actually has the power to control the markets that easily.
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  43. It is up to the worker if they decide to stay there. 
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  44. Peter Schiff "Seriously?  China has all the factors and the skill workforce.   All we have is our paper money. " That is an over simplification there. China has allowed their economy to become over bloated like the US. It has a population of 1.3 billion and that is a lot of mouths to feed.  The US economy is now where it was in the 1910s-1920s in that it was full of mini peaks and crashes just like today. The 2008 crisis is not really a crisis at all. That is coming down the line.  China, EU and the US are coming in for a massive bruising but the socialists will convince everybody that it was the capitalists who done this.  The US has a massive technology driven economy that is not a typical bricks and mortar factory but it is all the same a productive economy.  What will suffer in all of this is the unproductive aspects of the US economy. The productive will take a hammering but will recover.  I personally cannot wait to get this over and done with. Nothing is going to stop this. 
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  45. Not at all he is pointing out issues that can occur with such systems. It is buyer beware just some one who buys a load of gold or dollars or Euro's. 
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  46. Bankers are not the problem politicians are. 
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  47. RM Olson It is politicians who are in office they created the federal reserve they set the policy they create and raise taxes and we the voter just sit back and do nothing.  Your attitude of blaming bankers is typical of blaming others and not looking at your self.  People in the west have become soft and allow an official they have voted in to go and do what ever they want for the next 4-5 years.  And yet all you want to do is bang on about the "Bankers". 
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  48. NO paying of national debt first would be a mistake. What needs to happen first is to get the economy into real growth so that employment can increase and productivity can increase. The debt will increase at first and then stabilize and then be lowered. When you say national debt you really mean government debt.
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  49. Thats freedom unless you are suggesting that it should be controlled. 
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  50. By market do you mean an index like the S&P 500. Is that what you are referring to. 
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