Peter Schiff on debt downgrade

He didn't start selling gold bullion until last year. Before that he sold stocks only and referred clients elsewhere to purchase bullion. He recommenRAB that no more than 5-10% of your portfolio should be in physical metals.
 
Schiff lost money ONE year (2008). He has more than recouped those losses since then. You can look at the performances of the stocks from the portfolio that was posted to discredit him in 2009. The same portfolio would be WAY up now. If you followed Peter's advice to keep buying commodities and foreign stocks when they sold off in 2008, you've made a LOT of money since then. But retarded liberal smear artists keep using 2008 as a red herring to distract people from the fact that Peter has been extremely successful since then. You can look up the performances of his managed accounts online, but you won't because you're afraid to see how much money he makes for himself and his thousanRAB of very happy clients.
 
how could i sell stuff that is already common knowledge?

you see, if you knew how to read a balance sheet and income statement...you would know this. but since you cant do either, it is new to you.
 
so i can assume you are against all public education.
what about sewers and water treatment facilities?

who will raise the money to built them?
i agree, you can have private companies operate and maintain...but where are they going to get the initial funRAB without municipal markets?
 
then we find out the bank used the tax breaks from the govt on bonuses, then borrowed money from the government at zero percent and loaned it back to them at 5%
 
lol my facebook is blowing up with people saying that the credit rating was downgraded because the republicans demanded budget cuts or because of the bush tax cuts. no niggers, our credit rating was downgraded because our debt is 100% of GDP.
 
actually S&P's reasons were two fold:

1. politicians using the debt ceiling as a bargaining chip
2. if our government cant agree on small cuts...how will get ever address real entitlement spending?


but what do i know?
 
Not English, apparently.





If it takes 25% of your income to service the debt, and you're headed toward 80%, yes. Although as was said, GDP ≠ federal revenue



And all this time, I thought it was all Bush's fault.

Motion to change gimpshiznit's username to "economics maven."
 
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