Comments on: Schiff's Sad, Sound, Song

By: Bob Harrison

Bob Harrison — Mon, 25 May 2009 18:31:59 +0000

Unless I’m mistaken, the basis of much of Schiff’s investment strategy as well as many libertarian and sound-money advocates is to bet against the State. Knowing that the government will destroy its fiat currency, these wise few invest in gold (a barbaric relic!) and commodities and other inflation hedges. With that said, its impossible for the ministry of propaganda (our free media) to take Schiff or any anti-fed thought criminals seriously even though they’re proven right more often than not!

By: Virgil

Virgil — Mon, 25 May 2009 17:56:45 +0000

I came across an interesting quote by the great Renaissance philosopher Desiderius Erasmus: "The more ignorant, reckless and thoughtless a doctor is, the higher his reputation soars even amongst powerful princes." Change the word doctor to economist and he'd be spot on.

By: Virgil

Virgil — Mon, 25 May 2009 15:17:11 +0000

Imagine what a puff-piece this would have been had the subject been that Keynesian windbag Paul Krugman. (By the way, I would encourage everyone to read Bill Anderson’s regular deconstructions of Krugman’s columns on the Lewrockwell.com blog using little more then common sense.) Figures like Peter Schiff and Ron Paul have been voices crying out in the wilderness for quite some time now, only to be ignored or scoffed at by the political\economic establishment. It would seem that you have to consistently wrong about everything in order to be taken seriously in the beltway or the media (its worked for Bill Kristol all these years). I guess it is true, no prophet is accepted by his own people.

By: JP Strauss

JP Strauss — Mon, 25 May 2009 14:01:16 +0000

I always want to say something meaningful in a comment, but your writings are usually so well-rounded that I can only come as far as "how can sane people be so stupid?". Seriously, since when is being scientifically correct labeled as incorrect because it is contrary to popular belief? I can understand why there can be debate on free market Capitalism vs Socialism, but seriously, if your advice makes people money and is scientifically sound, how can someone reject or ridicule it? And why do the majority of our people simply nod in agreement?

By: Myron Pauli

Myron Pauli — Mon, 25 May 2009 07:38:25 +0000

Even the headline is wrong in that it is not Schiff’s “bad news” but the bad news caused by the statists. Schiff does not run things – he is just calling out the man-made (or FED-made) disasters.