Peter Schiff and Harry Dent Debate on Economy
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Peter Schiff on Alex Jones InfoWars 3/25/2016 Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff
Comments
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Yes gold is in a bubble, but in a lower bubble than any asset or curency. Including the dollar as harry dent mentions. If theres way more dollars, and there was 0 inflation as he claims, the dollar is overpriced, as most currencies are. I believe its not even necessery to mention bonds, stocks, real state. Eventually, the gold bubble will burst, yes. But its not be sold until global economic recovery, and the burst of other bubbles, then you will be selling it to buy other assets.
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My god Alex just bullshits
all the time -
I like Peter but he needs to stop interrupting people to
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They are both wrong actually, but Schiff got the outcome right at least - Listen to Jim Rickards guys ...
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shut up and let them talk alex
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Alex Jones should just ask questions. He is too stupid to try and do his little 2 cents summarising!
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Yeah, I just can't go with Dent over some major issues here..
To argue that inflation is not caused by money printing is just insane...
There are plenty of ways deflation could be somewhat hidden, or could be falsely undetermined due to false views on the market - as Schiff often points out.
But there is absolutely no way for the buying power of the same denomination of money to hold steady while the actual units of that money are being printed up like crazy. Even if there was a simultaneous rise in productivity and the production of capital and consumer goods that would hold prices steady, the real inflation would still exist, because had there been no money printing, there would be massive deflation - meaning falling prices.
The Austrian School is completely right when they end this nonsense by pointing out that money printing is the definition of inflation, not rising prices; because rising prices as the effect of inflation can be hidden and misconstrued in so many different ways. -
Dent is nuts, as long as the fed/treasury is creating Hobbs of funny money they shall be horrible inflation.
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Dent sounds like tge FED now....We have ZERO inflation. Really?
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Lol Dent completely broke down when he realized his arguement was getting picked apart.
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Gold never went down compared to the AUD, the USD was just supported by all these other currencies and that is in a bubble!
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Schiff kicked Harry's butt.
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The only reason gold went down from $1900 is because of manipulation by JP Morgan, HSBC, Deutsche Bank, and Scotiabank. Dent thinks gold is a commodity but it is a currency. That is how it trades. The money supply has been multiplied by 8X worldwide, of course gold will go up.
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These are the real debates we need on the news
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+rob sol +Finnish Anarchist “ok, it does require you to turn your head to get to the air. Granted; so it does require action. ”
ok fine then, but note that the environment requires no such action when air is truly abundant. Gravity does tend to pull you down where you can only breathe water, if it was elevating you up into the air you'd have no reason to act.
So far you did not try to challenge the above mentioned praxeological propositions as they are stated. Can we agree then that they are a priori true, in a similar way that "2+2=4" is, though they might not be able to change your preconceptions? You choose not to believe that scarcity can be known a priori (with the exception of time, body and the space it occupies) while at the same time, you are not able to falsify the logic of those propositions as they are stated at this time, for whatever reason.
(PS after 500 comments we seem to have hit the maximum for that thread, so I'm responding here) -
I wish they would just put on a Rothschilds or a Warburg or maybe a Rockefeller and ask them when they are going to screw us over. Rothschilds know when they will make the US economy collapse. These guys are guessing.Depressions are created and not just occur.
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If they were not afraid to tell the truth, then they would say the fucking jews created Communism and that is how they were able to create it and kill tens of millions and got away with it. Russia and China are poor because they were controlled by Communism. If you take away the murdering out of Communism and the judaism out of it, then not so bad,
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Both these guys are incredible and I had my own out to take notes and every time they really started giving us good content, Alex would cut them off and change the subject. SO ANNOYING!!! Can we please do this interview again without Alex Jones in the middle????
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today gold is 1495, let's see if it hits 1525 and harry dent change his mind
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Harry Dent likes Bloomberg and isn't a big fan of the 2nd amendment that is about all I need from that guy. Peter Schiff all the way.
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