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Peter Schiff Was Right Part Deux: The Taper Edition


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2013 Sep 25, 12:49pm   38,520 views  155 comments

by mell   ➕follow (10)   💰tip   ignore  

http://www.zerohedge.com/news/2013-09-25/peter-schiff-was-right-part-deux-%E2%80%9Ctaper%E2%80%9D-edition

It consists of various clips of Mr. Schiff being prescient about the financial condition of the U.S., as talking heads on various financial shows mock him and laugh in his face. Well, the Peter Schiff Was Right Video Part Deux is now out and I expect this one to go viral as well.

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59   upisdown   2013 Sep 26, 12:42pm  

Call it Crazy says

Another FYI for the clueless.... I live in a very populated area of NJ and
guess what??? There are huge sections of the county that DON'T have natural gas
anywhere nearby....

freak80 says

CiC,


Your points have been thoroughly refuted. The fact some people don't use
natural gas in NJ is pretty much irrelevant.

Somebody threw you a lifeline, take it before you get embarrassed any more.

60   freak80   2013 Sep 26, 12:45pm  

http://rationalwiki.org/wiki/Gish_Gallop

CiC, you are a master of the Gish Gallop when discussing economic issues.

61   upisdown   2013 Sep 26, 12:45pm  

Call it Crazy says

Going for the stretch and spin now..... what's your definition of
rural???

The Bay area BS program doesn't account for people in the REAL world that can offset internet hype with facts. Stop while you have some semblance of self respect.

62   upisdown   2013 Sep 26, 1:08pm  

Call it Crazy says

Call it
Crazy says



upisdown
says



(now you'll say that's it's a rural area)


Where did I say "rural" in my post???


I'm still waiting....

Supposedly you live"just North of Egg Harbor" which is pretty f-in rural(no munincipal utilities) or maybe you live in the Wharton State Forest. So, which is it ,sir bulshittiness?

63   indigenous   2013 Sep 26, 1:14pm  

egads101 says

Answered earlier. Deficit spending is actually declining at one of the fastest rates in history, right now, and the debt is at best a medium sized problem now. Economic growth, and employment are far more important today.

That is irrelevant there is 20 TRILLION IN DEBT WITH AT LEAST 100 TRILLION IN UNFUNDED LIABILITES, THE DEBT SERVICE ON JUST THE CURRENT DEBT SERVICE IS 200BILLION AT 1.5% AT HISTORICAL NORMS IT WILL BE 1 TRILLION DOLLARS PER YEAR

But you are right it is declining at the fastest rate in history. Yea that'll fix it. I'm sure mostly because of reduced war cost.

64   upisdown   2013 Sep 26, 1:16pm  

Call it Crazy says

Supposedly you live"just North of Egg Harbor"

Your words, not mine. Do you want me to pull the quote from your post, liar?

65   upisdown   2013 Sep 26, 1:21pm  

Call it Crazy says

Absolutely, please show me where I said I live just North of Egg
Harbor...

59 2:51pm Wed 31 Oct 2012 Share Quote Permalink Like Dislike
zzyzzx says

Don't we have someone from Egg Harbor, NJ that posts here often? Anyone heard from them?

I'm a bit north of there, there are many areas that are totally f*cked... the damage up and down the beach towns is unbelieveable. I've lived through many hurricanes and storms in NJ and this by far has been the worst!!!

It's your post, and I copied from your response that I looked up through your screen name.

You're a fucking idiot AND liar.

66   upisdown   2013 Sep 26, 1:25pm  

Call it Crazy says

Perfect, now nail it down to the Lat and Long and you'll be spot on...

I already did, twice. Stick to "blogging", it suits you and your IQ level.

67   upisdown   2013 Sep 26, 1:40pm  

Call it Crazy says

Yep, your real close....

Ahhhh, the Eastern part of NJ, because Just North of Egg Harbor' isn't "densely populated", at all, is it?

So, let me see if I am getting the BS point that you're trying to make. In one of THE most densely populated states, and YOU claim that it IS a densely populated area, that you say there is NO nat gas available, just propane and electric?

Prove it. Careful now, I have a shit load of relatives* whether I like them or not, they will return a phone call or email.

*Hint: they might just work in the energy industry also.

68   indigenous   2013 Sep 26, 1:43pm  

indigenous says

You and others like you keep saying we're not going to be able to pay it back. For one thing, it's not even borrowed yet. Unfunded liabilities isn't debt.

What is your definition of liability?

69   indigenous   2013 Sep 26, 1:43pm  

indigenous says

It's planned spending that may or may not occur.

WTF

70   indigenous   2013 Sep 26, 1:52pm  

indigenous says

The only thing preventing our debt from being controlled is willpower. We can retire it the same way we retired the World War II debt. The problem is that until Americans wake up and stop casting votes for Republicans, nothing will get better.

WWll debt was financed by bonds. The debt we have now will financed by inflation.

Americans need to wake up and stop voting for Republican and Democrats

71   upisdown   2013 Sep 26, 1:53pm  

upisdown says

In one of THE most densely populated states, and YOU claim that it IS a densely
populated area, that you say there is NO nat gas available, just propane and
electric?

And this is what you tried to twist my words into:

Call it Crazy says

but you want to assert, that since NJ is the most densely populated state

So, you're actually saying, excluding the rural areas, or areas that aren't hooked up to nat gas or have access to it, that the densely populated areas DO NOT have access to nat gas?

72   bob2356   2013 Sep 26, 1:55pm  

upisdown says

Supposedly you live"just North of Egg Harbor" which is pretty f-in rural(no munincipal utilities) or maybe you live in the Wharton State Forest. So, which is it ,sir bulshittiness?

Actually as a former inmate of Ocean County who made good his escape I must say you are incorrect. First off there is no Egg Harbor in Ocean county. There is Egg Harbor Township in Atlantic county. There is Egg Harbor City also in Atlantic county but not in Egg Harbor township. Ocean county has Little Egg Harbor township, but there is no Little Egg Harbor CIty. See, isn't that all perfectly clear?

One would think that someone claiming to live in Ocean county would know that there is no Egg Harbor in Ocean county. Pretty odd.

North of Little Egg Harbor township is actually pretty heavily suburban. A little map reading would help you greatly. Ocean County is pretty much split by the parkway. East of the parkway has fairly dense populations especially along Rt 9, along the bays, and on the barrier islands. West of the parkway is mostly state forest or land protected by the pinelands commission. This rural. Sand and stumpy pine trees are big attraction if you are into that kind of thing. The exception to this rule is the area along Rt. 70 west of Toms RIver which contains the largest collection of blue hairs occupying that nebulous area between life and death on the planet.

My uncle still lives in Tuckerton (god only knows why, he's an otherwise reasonable man), just north of Little Egg Harbor and has natural gas so I would assume Little Egg Harbor has it also.

73   upisdown   2013 Sep 26, 1:58pm  

bob2356 says

Actually as a former inmate of Ocean County who made good his escape I must
say you are incorrect. First off there is no Egg Harbor in Ocean county. There
is Egg Harbor Township in Atlantic county. There is Egg Harbor City also in
Atlantic county but not in Egg Harbor township. Ocean county has Little Egg
Harbor township, but there is no Little Egg Harbor CIty. See, isn't that all
perfectly clear?

Look it up in an atlas, there's only ONE Egg Harbor, at least in mine.

And, he claimed that he was "just North of Egg harbor", and never referred to Ocean County. But you knew that also.

Try again.

74   upisdown   2013 Sep 26, 2:13pm  

upisdown says

upisdown
says



In one of THE most densely populated states, and YOU claim that it IS a
densely
populated area, that you say there is NO nat gas available, just
propane and
electric?


And this is what you tried to twist my words into:


Call it
Crazy says



but you want to assert, that since NJ is the most densely populated state


So, you're actually saying, excluding the rural areas, or areas that aren't
hooked up to nat gas or have access to it, that the densely populated areas DO
NOT have access to nat gas?

So, which is it?

Let me guess, the topic will somehow suddenly get misdirected to gay marriage. Isn't that how this little bullshit game works, when somebody pins you down on something, you just keep changing the subject so you never answer the question?

75   upisdown   2013 Sep 26, 2:18pm  

Call it Crazy says

upisdown
says



So, you're actually saying, excluding the rural areas, or areas that aren't
hooked up to nat gas or have access to it, that the densely populated areas DO
NOT have access to nat gas?


What's your point.... I'm still trying to get from you what your definition
of "rural" is... and for that matter, definition of "densely
populated"...

You want some benign definition of rural, that of course you'll argue to the end of time, but while you're constantly trying to redirect the discussion to that, you haven't addressed the topic of nat gas availability in a "densely populated area", have you??

Stick to blogging, don't make me embarrass you with facts from the real world.

76   upisdown   2013 Sep 26, 2:24pm  

Call it Crazy says

bob2356
says



One would think that someone claiming to live in Ocean county would know that
there is no Egg Harbor in Ocean county. Pretty odd.


Boy Bob... You're good..


I said "north" of Egg Harbor... could be Little Egg Harbor, could be Monmouth
County... North is north...


bob2356
says



The exception to this rule is the area along Rt. 70 west of Toms RIver which
contains the largest collection of blue hairs occupying that nebulous area
between life and death on the planet.


That's your best part!!! That Whiting is a scary area.. unless you like old
ladies without teeth...


Oh, and No, I'm NOT a "piney".....

The "whose on first routine" by the house mopes STILL hasn't answered the question about nat gas access and availability in you're so-called densely populated area, has it?

Give it up already because it's pretty obvious that not only do you not live there, but you know next to nothing about the area, in detail.

77   upisdown   2013 Sep 26, 2:26pm  

upisdown says

You want some benign definition of rural, that of course you'll argue to the end
of time,

And it starts.

Call it Crazy says

Is that a real tough question for you to answer??? Seriously???


Some people think a 100x100 lot is rural, some others think a 100 acre ranch
is rural. It means different things to different people..


So, what's yours???

You're a fucking idiot, and liar too.

78   indigenous   2013 Sep 26, 2:31pm  

Notice the inverse of Ad Hominem to intelligence as stated earlier by CIC. As Ad Hominem is a manifestation of ignorance.

79   mell   2013 Sep 26, 2:36pm  

freak80 says

The dollar is not collapsing. In fact, gold and silver are tanking. Anyone who fell for the doom and gloom narrative put forth by Schiff and invested heavily in gold, silver, and ammo is sitting on a very painful loss.

The dollar is weak, gold and silver have retraced from their highs but are still multiples higher since they started running, and ammunition prices have certainly gone up significantly and there have been supply shortages. Schiff must really have struck a nerve here if everybody is trying their best to prove him "wrong" ;)

80   mell   2013 Sep 26, 2:59pm  

indigenous says

The reason it is not obvious in Japan is an Asian culture of saving.

Japan is an entirely different beast. It has been a producing economy with trade surpluses for a long time, furthermore the Japanese are an aging culture of strong savers (pretty much the opposite of the US) who have been buying their bonds instead of increasing their consumption, thus the effects have been very different. That has been changing however in the last years with regards to the trade surplus and also the domestic bond buying power is weakening, so Japan can become very volatile with continued applied "abenomics".

81   mell   2013 Sep 26, 3:19pm  

Man, given these "eruptions" I can't wait to post 'Peter Schiff Was Right Part Trois!

82   upisdown   2013 Sep 26, 3:51pm  

upisdown says

So, let me see if I am getting the BS point that you're trying to make. In
one of THE most densely populated states, and YOU claim that it IS a densely
populated area, that you say there is NO nat gas available, just propane and
electric?

Well?????

83   upisdown   2013 Sep 26, 3:55pm  

Call it Crazy says

Another FYI for the clueless.... I live in a very populated area of NJ and
guess what??? There are huge sections of the county that DON'T have natural gas
anywhere nearby....

Well, are you still backpedaling?

84   bob2356   2013 Sep 26, 9:16pm  

upisdown says

Look it up in an atlas, there's only ONE Egg Harbor, at least in mine.

https://maps.google.co.nz/maps?client=ubuntu&channel=fs&oe=utf-8&q=egg+harbor+township+nj&ie=UTF-8&hq=&hnear=0x89c0c2bad0107995:0x902b4c3628d7ad4d,Egg+Harbor+Township,+NJ,+USA&gl=nz&ei=ll5FUufpE4eWiQfH-IHgCg&ved=0CLwBELYD

Try an atlas that has the US next time. See the top Little Egg Harbor township. See the bottom Egg Harbor township. Look left Egg Harbor city. Look upper right, the blue stuff between Little Egg Harbor township and Beach Haven is called water. That's Little Egg Harbor itself, part of the Barnaget Bay. The blue stuff (also water) below Lakes Bay (home base for my good friend Jim Karabasz's Extreme Windsurfing operation, please patronize) between between Somers Point and Ocean City is Great Egg Harbor which is fed by the Great Egg Harbor river. I was one of the people who pioneered windsurfing in all that blue stuff you see between Cape May and Sandy Hook back in the day (shortly after dinosaurs stopped roaming the earth). I know where all the Egg Harbors are.

For history buffs Egg Harbor township was first occupied by the Lenni Lenapi indians. First explored by some dutchman (jackson, jimson? I don't remember the name) who called it Eiren Haven (Egg Harbor) because there were so many eggs laying around. The english settled it and called it New Wenmouth (or something like that), then Great Egg Harbor township, then just Egg Harbor Township. Not bad,other than spelling, from memory of lessons learned long ago, eh? Want to learn about south jersey ghost towns like ong's hat, atsion, or buckingham next?

85   bob2356   2013 Sep 26, 9:27pm  

Call it Crazy says

That's your best part!!! That Whiting is a scary area.. unless you like old ladies without teeth...

Oh, and No, I'm NOT a "piney".....

I'm sure you parents will be greatly relieved knowing that. Honest officer its not what it looks like. I was just helping the sheep get over the fence and my pants fell down.

Yea the most dangerous stretch of road in the world is Rt 70 between Brick and Lakehurst after all the seniors have their 9 martini lunch. You'd be much safer driving in Somolia flying a fuck islam banner on your antenna.

86   upisdown   2013 Sep 27, 12:52am  

bob2356 says

upisdown
says



Look it up in an atlas, there's only ONE Egg Harbor, at least in mine.


https://maps.google.co.nz/maps?client=ubuntu&channel=fs&oe=utf-8&q=egg+harbor+township+nj&ie=UTF-8&hq=&hnear=0x89c0c2bad0107995:0x902b4c3628d7ad4d,Egg+Harbor+Township,+NJ,+USA&gl=nz&ei=ll5FUufpE4eWiQfH-IHgCg&ved=0CLwBELYD

Can you even read and comprehend a thing? I said an atlas, you reply to try an American atlas, and then you look it up through google. Pathetic.

I looked up Egg Harbor in a 2009 Rand McNally atlas, and there's only ONE Egg Harbor listed, which is directly below the Wharton State Forest, so if there really are others(same town name in the same state?)why aren't they listed unless they're too small???

87   upisdown   2013 Sep 27, 12:58am  

Call it Crazy says

upisdown
says



YOU claim that it IS a densely

populated area, that you say there is
NO nat gas available, just propane and

electric?


CIC
says



There are huge sections of the county that DON'T have natural gas


I'm just trying to figure out how you get "NO" nat gas from my statement of
"huge sections".....

I see, you're going to keep the indefininate circle-jerk going to try and save face, and keep jerking my chain hoping that I'll just go away, and that frustrating me will somehow make you look like anything other than the moron that you are.

Got it. What'd I expect from you anyway, considering some of the posts that you put up? I sure hope that "blogging" thing works out for ya.

88   upisdown   2013 Sep 27, 2:59am  

Call it Crazy says


Call it
Crazy says



Some people think a 100x100 lot is rural, some others think a 100 acre ranch
is rural. It means different things to different people..


So, what's yours???


The same with "densely populated"... I'm sure mine's different then yours. I
can't answer until I know your point of reference and what you're use
to...


Now, see if you can answer them......


Really, Are these two questions that difficult for you to answer????

And yet you still have NOT answered my question, that preceded yours quite a bit. Your obtuse game of rope-a-dope is getting old.

But, here's the question again:

So, let me see if I am getting the BS point that you're trying to make. In one of THE most densely populated states, and YOU claim that it IS a densely populated area, that you say there is NO nat gas available, just propane and electric?

Are you ever going to answer the question above or just continue with your childish games and BS routine? FYI, Iasked that question in post #173, and you went into your default BS mode and tried to answer a question with a question starting in post #195

89   freak80   2013 Sep 27, 3:12am  

Peter Schiff was wrong. A loaf of bread is not $50.

"The Price is Wrong, bitch!" -- Bob Barker fighting Adam Sandler

90   mell   2013 Sep 27, 3:14am  

StillLooking says

Corzine broke the law. And if nobody broke any laws, which is not true, the laws themselves are an example of crony capitalism.

Yep. Plenty of bankstas broke the law as well selling "super-safe" investments while boasting in emails how they got rid of this "crap" => clear fraud.

StillLooking says

And the bailouts have been paid back in debased dollars. So they have not been paid back. Lend me 700 billion dollars. I would have no trouble paying you back in a year with their nonsense interest payment and keep a nice little stash for myself.

Exactly.

StillLooking says

Also they bailed out AIG and Fannie and Freddie and all the others. This is why the FED is debasing the currency so the crooks can pay back everything in debased money.

Yep.

91   indigenous   2013 Sep 27, 4:09am  

dodgerfanjohn says

they can in fact be dealt with by democratically elected leaders such as happened during Teddy Roosevelt's presidency.

Teddy Roosevelt started the anti trust yup, but the truth is there is no such thing as a monopoly other than one mandated by government.

So Teddy saved us from the terrible robber barons. Who created a higher standard of living for the American people and the world than at any other time. You know things like giving us the ability to read at night, build things out of steel which allowed taller buildings, move around with cars instead of horses. Yes what good a boy Teddy was....

92   mell   2013 Sep 27, 4:23am  

StillLooking says

What again is your story for the financial collapse in '08? Is it because the FED kept interest rates too low for too long? We are doing the same things now but on steroids.

Yes, pretty much.

93   Bellingham Bill   2013 Sep 27, 6:23am  

StillLooking says

How is making fraud legal not crony capitalism?

"crony capitalism" is a "thought-terminating cliche" that obscures more than it explains.

Is our $2T/yr real estate sector "crony capitalism"?

is health sector "crony capitalism"?

is our import-dependent economy "crony capitalism"?

is the $800B/yr we flush away in "defense" "crony capitalism"?

is the giveaways of public land and the commons to agriculture and energy "crony capitalism"?

is big finance "crony capitalism"?

Shit, half our economy if not more is "crony capitalism". No wonder things are so fucked; we're about as bad off as Russia was ca. 1980.

94   bob2356   2013 Sep 27, 6:47am  

upisdown says

an you even read and comprehend a thing? I said an atlas, you reply to try an American atlas, and then you look it up through google. Pathetic.

I looked up Egg Harbor in a 2009 Rand McNally atlas, and there's only ONE Egg Harbor listed, which is directly below the Wharton State Forest, so if there really are others(same town name in the same state?)why aren't they listed unless they're too small???

Sorry I really don't remember the last time I used a paper map or atlas. How quaint, very old school, Here's Rand Mcnally's driving directions from Egg Harbor township to Egg Harbor City and then driving directions from Egg Harbor township to Little Egg Harbor township. Perhaps you need to check you eyeglass prescription. Was that RM 2009 or RM 1809 you were looking at? I may not comprehend much, but I do remember the names of places I've been, even the ones I haven't been to in well over 20 years.

http://maps.randmcnally.com/#s=screen&lat=39.11339950561523&lon=-94.62660217285156&zoom=9&loc1=Egg%20Harbor%20Township%2C%20NJ&loc2=Egg%20Harbor%20City%2C%20NJ&loc3=&loc4=&loc5=&loc6=&loc7=&loc8=&loc9=&loc10=
http://maps.randmcnally.com/#s=screen&lat=39.11339950561523&lon=-94.62660217285156&zoom=10&loc1=Egg%20Harbor%20Township%2C%20NJ&loc2=Little%20Egg%20Harbor%20Twp%2C%20NJ&loc3=&loc4=&loc5=&loc6=&loc7=&loc8=&loc9=&loc10=

same town name in the same state?

Too complex a thought for you to grasp? With 565 (insanity, but that's a different discussion) governments NJ has quite a number of duplicate names. There are lots of towns and townships with the same name and there are some just plain old dups. I know there are something like 4-5 Washington and Franklin Townships and 2 Fairfields all in different parts of the state. There are more to be had if I wanted to bother to look it up.

95   freak80   2013 Sep 27, 1:03pm  

Bellingham Bill says

is health sector "crony capitalism"?

Yes.

Bellingham Bill says

is the $800B/yr we flush away in "defense" "crony capitalism"?

Yes.
Bellingham Bill says

is big finance "crony capitalism"?

Yes.

Bellingham Bill says

Shit, half our economy if not more is "crony capitalism".

Only half??

96   Bellingham Bill   2013 Sep 27, 3:26pm  

yeah, I totally missed another sector of course, telecommunications.

Cable, cell phone, that's "crony capitalism" too.

http://research.stlouisfed.org/fred2/graph/?id=CP

I'm feeling like http://en.wikipedia.org/wiki/Diogenes_of_Sinope here.

97   Bellingham Bill   2013 Sep 27, 3:30pm  

wow I had no idea Cynicism lead to Stoicism.

that, actually, makes sense.

98   indigenous   2013 Sep 27, 3:34pm  

Bellingham Bill says

I'm feeling like

You are no Diogenes, you and your ilk don't have the virtue to look.

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