People who understand/People who dont

[cottonpicken]

Love this clip.
Check out the date and the scrolling commoditie prices at the bottom.

http://www.youtube.com/watch?v=LfascZSTU4o&eurl=http://goldismoney.info/forums/showthread.php?t=286373

[cottonpicken]

Fastword two years,same man today.



http://www.financialsense.com/fsn/main.html

Shiff is about 20 minutes in on the first hour.

[Fransisco]

Some good interviews, I'd say the second one, the audio only one is the better of the two.

I'm surprised you didn't write him off as a Keynesian.

[Fransisco]

“…we must wait until we have learned by experience — perhaps cruel experience — to trust in the state a little less and in mankind a little more.”

-Frédéric Bastiat

[cottonpicken]

If you liked that watch this.

http://www.youtube.com/watch?v=6G3Qefbt0n4&feature=related

This is part 1 of 8.
Later on they bring in an old coot to argue against peter in parts 7 and 8.
This was in nov 06.
Peter is beyond brilliant.

[cottonpicken]

What would make you say "right him off as keynsian"?

[Fransisco]

You wrote Walter Williams off as a Keynesian and Williams thinking is very much in line with Schiff's.

[cottonpicken]

I dont know if i mislabelled williams or not,i dont follow his work.

I've been following shiff for years and years,along with a number of other analysts who are on the ball.

Thats why its been so easy for me over the past number of years to easily say commodities are going to "pluto".

I understand these peoples "line" of thinking.

Evidence suggests most cant/dont have time/dont care.

Correct me if i'm wrong, but you,Fran may have embarked down the same road of understanding as me(along with a few others that i will not name).

I havent walked as far as the top guys but i do know a few things,and if anyone has any questions that follows this stuff-i'm on my best behavior,when it comes to this.There is no such thing as a stupid question.

That being said,the sheer size and scope of global economics leaves much room for opinion and debate from all people.


I strongly urge people to watch all 8 parts and keep in mind this was nov 06.


Shiff was recommending oil at 17 dollars!
Shiff was recommending gold at 250 dollars!
I bought at 27 dollars.
I bought at 375 dollars.
I own neither now.
For what its worth.

[Fransisco]

I have been thinking this way for longer than you may realize cotton.

[Fransisco]

I'm watching the second clip now and got a kick out of this quote," the purpose of an economy is not to create jobs, it is to eliminate them."

[Fransisco]

Finished watching the clips, fascinating stuff to watch in '08.

Then I checked out Schiff's website and found a clip from last week. He says it ain't over yet when it comes to housing and watch out cause those interest rates are going to be going up at some point.

He's got me re-thinking a couple of variable rate mortgages I've got. Maybe its time to lock those down as well.

His recommended reading list is interesting I've got a number of the same books that he has in his "oldies but goodies" collection on my shelves already.