Peter Schiff was right.
Peter Schiff was right
Jacob Cook
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spiegel.de
washingtontimes.com
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nytimes.com
youtube.com
cyberussr.com
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Landon Morgan
Peter Schiff has literally never been right about anything, ever
Tyler Cook
About what? He's been saying the same thing since 2009.
Tyler Rogers
You only say this because you read headlines. Peter Schiff is generally right about most things except when he shills $5000 gold or some shit, although the Euro would have to collapse for us to see gold anywhere in that price range.
Brayden Flores
Printing trillions of dollars and lowering interest rates does not get any real growth.
Leo Reed
LAUGHING AT MY PAAAAIIINNNNIN!!!!!!!!!!
Austin Ramirez
agreed but Schiff has been claiming complete meltdown crash every year for the last 10 years. Not going to happen.
Brody Peterson
You are a fucking idiot. Schiff called the 08 collapse. The 08 collapse WAS the final collapse. He hasn't been wrong at all because all they have done the past 9 years is re-inflate the bubble. All that's happening now is a continuation of what already happened in 2008 of which the Fed and dollar being the reserve currency was able to put on hold.
BUT even if you wanted to say they are 2 different crashes.... it's not like you are going to have a crash in 08 and then have another only 4 years later...
9 years later is a NOTHING time frame in the grand scheme of things... it's basically 2 college cycles.
Problem is you faggots are so self important you actually think 8-9 years is a long time. It's NOT.
Schiff has never been wrong. What he called in 2008 just got put on hold until now....and like he says now it'll be a million times worse because we didn't take the pain back then.
Charles Bennett
TLDR. Kill yourself.
James Adams
$5,000 gold is irrelevant. When I buy gold I don't want it to go up in price. I want it to go down in price.
You people are literally dumber than naggers. You don't want the gold price to go up like a stock price. You buy gold because you fear the currency will collapse. Then you have a deflationary collapse and 1 oz of gold (transferred to the new currency) buys you a home.
How can you brainlets not understand that a gold price going up is not a good thing?
I own 60 ounces of gold and I bought at an avg of maybe $1,100. If I had a magic wand to make the price of gold $10,000 or 300$ I would insta choose having a gold price at 300$
Because a gold price at 300$ means our govt isn't fucking out of control anymore.... AND I wouldn't lose in real terms either because a 300$ gold price means gas is at $1.20 and bread costs 1$
Ryan Campbell
Read it faggot
Bentley Flores
I agree thats why its bad ifcrypto goes up
Tyler Williams
Marx was right
Ryder Evans
Colton Barnes
the ultimate marxist redpill
if you starve everyone to death everyone is equally dead
Matthew Rodriguez
yeah
Cooper Hughes
there will be a dump before gold goes boom
Nolan Anderson
2005 - The world is ending and the economy is fucked buy gold
2006 - The world is ending and the economy is fucked buy gold
2007 - The world is ending and the economy is fucked buy gold
2008 - See i told you
2009 - Market corrects
2010 - Markets begin bull to break previous high
2010 - the world is ending...
You see this is what happens when you make a gold thread. goldbug user crawls out of the woodwork
Jordan Reed
He’s right and he only missed the greatest bull run since the Great Depression.
Parker Murphy
1 ruble was added in your account
Brayden Morales
>He thinks the modern day russian government is favorable to the USSR
Americans are so retarded it hurts
>inb4 "B-but under Putin Stalin worship has returned"
1) it was literally returning since the day Yeltsin got elected
2) Putin has only seized the recent surge in Soviet nostalgia to consolidate power, Putin himself could give a fuck in the Communist Party ever gets literally any power and often personally works against them
William Mitchell
This. Anyone who's been around since before the 2008 financial crisis has already gone through their Peter Schiff Ron Paul loblertarian phase and realized that they're just a broken clock. This shekel loving kike called bitcoin worthless back in 2013 when it was pre-$1000 levels.
William Diaz
The market didn't bull you retard. We had interest rates at 0% for a decade.
Blake Brown
>Putin himself could give a fuck in the Communist Party ever gets literally any power and often personally works against them
That's a good thing. Communism is retarded and Putin isn't a retard.
Jordan Powell
t. peter schiff
Gabriel Allen
>Communism is retarded
yeah bro that's why Eastern Europeans are overwhelmingly regretful of the fall of the soviet union and why 10s of thousands of people, many of them alive during the Stalin years, fought the Western-backed Yeltsin government for weeks in 93
Ryder Watson
You realize that currencies or rather money isn't supposed to increase in value right?
Like... in 2011 if your employers paid you 1,000 bitcoins for the month which probably equaled what back then? 3,000$? So basically an avg months salary.... and you just held onto what you were paid back then....until 2017.... then you'd have 20 million dollars.
When banks started issuing currency in America backed by gold.... and you earned say 5$ for the week... you didn't think to yourself.... maybe if I hang onto this 5$ it'll by me 50 homes 7 years from now. No....... that 5 dollars or real money backed by gold was supposed to by you the same amount of goods 7 years or 30 years in the future as when you earned it.
When you EARN money it's SUPPOSED to stay STABLE.
If you earned 100$ working for 1 day in 1950 that was fantastic income. Today it's basically shit income. So your unbacked dollar lost value. And they continue to lose value....
Which is why you are throwing your money in shitcoins to hopefully beat inflation. But those shitcoins aren't fucking money. Your just trying to make it in a world where you can't make it anymore because our wealth is being stolen through inflation
And under a gold standard that shit didn't happen!
Jack Davis
>yeah bro that's why Eastern Europeans are overwhelmingly regretful of the fall of the soviet union
You're delusional. They're regretful that they suffered a catastrophic social collapse and are now crony capitalist dictatorships. My grandpa lived in Communist Hungary and he'd slap you across the face for saying something so stupid.
Cooper Williams
Over 10,000 Russians Fighting Tooth and Nail Against Yeltsin in the 1993 Constitutional Crisis (many of them older Russians carrying flags of Lenin and positively referencing the Stalin years)
youtube.com
In Russia Nostalgia for the USSR and Positive Feelings About Stalin
>pewresearch.org
Stalin Voted 3rd Most Popular Russian
>reuters.com
Why More than Half of Russians Miss the Soviet Union
>rbth.com
Over 70 Percent of the Soviet Citizens Vote to Keep USSR Together in 1991 Referendum
>sputniknews.com
Majority of Eastern Germans Feel Life Better under Communism
>spiegel.de
Struggling Romanians Yearn for Communism
>washingtontimes.com
Growing Up Under Communism was the Happiest Time of My Life
>dailymail.co.uk
Women Had Better Sex and More Fulfilling Marriages Under Socialism
>nytimes.com
Nicholas Sullivan
> 10,000 Russians
> Literally 0.0001% of the population
> Doesn't understand the difference between missing a stable life and missing a boot stomping on your face
I can tell you're underage.
Levi Flores
>literally only argues against one of the 10+ points i presented
Nice dude you sure blew me out
Justin Taylor
You'd have to be a upper-middle class white boy living in a bubble who's never picked up a history book in his life to actually believe that communism is anything other than hell on Earth.
Eli Lopez
All of your points are just appealing to random "polls" done by marxist sympathizers. Most of the people polled weren't even old enough to remember the Soviet Union.
Isaiah James
look at all the triggered russians in the thread, Jow Forums is really russian shills
1 ruble was added in your account, courtesy of the kremlin
David Hall
I can guarantee you that this communist shill isn't Russian. He's an underage white kid from some libshit city, probably somewhere in California.
Charles Cruz
>Modern day russian media and western liberal newspapers are "marxist sympathizers"
Holy shit I kek'd
>one guy saying "The ussr was actuall pretty good"=an army of butthurt russians
Keep telling urself that soiboy
Nathan Moore
I knew a guy who lived in East germany. He had to wait in hours in line to get a potato.
Jaxson Reyes
You do realize that he made a PodCast after that event joking about how much BS it was right?
And how Ben Bernanke didn't want to answer any of his questions because he inserted FEAR, UNCERTAINTY, AND DOUBT at Bernanke's party.
Lol, shit was just as funny as the Democrats want to Ban Profits video.
Camden Rodriguez
>actually believing that western liberal media aren't marxist sympathizers
I feel bad for you.
Jaxon Sullivan
i knew a guy who lived in flint michigan he and his entire family died from drinking poisoned drinking water
Henry Mitchell
sure you do ivan, i know a 12 year old prostitute with hiv who died of krokodil, im russian trust me
Julian Parker
Didn’t believe someone could be so stupid until I read your post
Nicholas Powell
>I know that these same western liberal media outlets encouraged the fall of the soviet union and for democrats to get a neoliberal elected in Russia but they're secretly Marxist guys I swear!
Cooper Perez
Adam Harris
Is this bait?
When were you born, post 1998?
Colton Ward
>I don't understand geopolitics
>Supporting marxism is the same thing as supporting your geopolitical rival
You really need to watch a few Yuri Bezmenov videos. Everything he predicted 30 years ago about marxist subversion has come to pass.
Kevin Russell
abortion was literally illegal under stalin you are just pointing out revisionists and their crimes.
russia voted to stay socialist in 93, over 70% support for it in the refferendum. They just did capitalism anyway and dissolved the peoples representative body.
Justin Cruz
>The Soviet government was the first government in Europe to legalize abortion. In October 1920 the Bolsheviks made abortion legal within the Russian Soviet Federative Socialist Republic with their “Decree on Women’s Healthcare.” After the RSFSR the law was introduced in Ukraine (5 July 1921) and then the remainder of the Soviet Union.
Progressive as fuck
Tyler Wright
Yeah they were good at killing their own people. We get it
Angel Thomas
>Eliminated unemployment. A job was considered a right, firing was rare and had to be cleared by the employee's union, and employers were required to find redundant workers new employment and pay for retraining and cost of living.
This is either a "sarcastic" pro-communistic inforgraph.. or more likely a sincere pro-communist infograph.
Leo Lopez
Here is the literal criminal code under stalin
cyberussr.com
The decree of 1920 is more nuanced than just 'lol abortion is legal :^)'. At the time over half of the illegal abortions were resulting in life threatening complications so they legalized it to be done by doctors. You see they cared about people, which is why even in stalins code above the punishment to the female was somewhat light, the punishment was more severe for the doctor or anyone encouraging the abortion, and even more if a non doctor did it.
Sensible degrees of criminality.
James Evans
Explain how I'm wrong?
When you earn 100$ it you expect it to hold its value. You aren't expecting that 100$ to buy you a fucking mansion in 10 years. Simply earning money for working a forklift job for a week isn't supposed to by you a mansion 7 years from now.
How can you not comprehend something so simple?
Gold is money. Gold is stable. The dollar used to be stable when backed by gold and your purchasing power wasn't stolen through inflation.
Bitcoin is a digital asset where you need people to buy your bags. That's not how fucking money works dipshit
Camden White
It will happen, the Federal Reserve can only postpone it for so long.
Adam Wright
Stalin criminalized abortion because he was worried about demographic problems, not out of any sort of moral conscience. He was the revisionist, not the ones who follows in the steps of the Bolscheviks. And it didn't even have any effect on the abortion rate because their society was so rotten to the core that people were terrified of having children.
>In practice, the abortion rate was affected little by the 1936 decrees, although it was observed that the rate of infant mortality rose between 1935 and 1940 due to apparently women injuring themselves in illegal abortions that then prevented them from producing healthy children.
Blake Nguyen
Oh I responded to the wrong post thought you responded to my other post.
Why is it stupid? I don't want gold to go up in price even though I own it. Dollar price going up just means the dollar is going to hell.
You think when people buy gold that for the same reason they are buying Amazon stock? Are you black or just stupid?
When I buy gold I'm buying gold for a completely different reason than when I buy Amazon stock.
And I'll btfo you right now with this proof........
If the dollar dissapears from planet earth tomorrow morning. My wealth gold is 1000% unaffected..... right??????
Jayden Torres
>stalin was a revisionist
at last we see, deep down, you are a trot!
Isaiah Gray
Trotsky was worse than Stalin, who was worse than Lenin, who belonged in a gulag.
Jackson Moore
Reversal soon
Aaron Cooper
no this is it, the final capitalist crisis, it is unrecoverable, soon fascism will take hold
Charles Jenkins
Gold is a physical asset where you need people to buy your bags. That's not how fucking money works dipshit You can't buy anything with gold.
Thomas Bennett
It's not about buying shirt with gold dude! It's about the currency having value and being able to measure the value of goods. That's literally the primary function of money. TO MEASURE VALUE you NPC.
100 years ago a good weekly salary was 20$ and gold = 20$/oz.
Today that 20$ doesn't even buy you 3 packages of condoms so you can fuck your hiv infected gay boyfriend.
But that gold ounce exchanged for fiat at a coin shop you get $1,200 for it WHICH IS STILL A GOOD WEEKLY SALARY. Because gold is MONEY and your value was stored for 100 years!
You can still buy the same amount of shit today with that gold ounce that you could buy 100 years ago. While that 20$ which used to be a good weekly salary doesn't buy you shit today.
How fucking dark black are you that you can't comprehend something so fucking simple?
Parker Martin
Buy my paper gold goym!!!
Lucas Morgan
>You can't buy anything with gold.
But you can?
Brandon Morales
oh so bitcoin isn't real money because you can't buy anything with it but gold is real money even though you can't buy anything with it
beautiful cognitaive dissoance right there
(impersonal you)
Lincoln Phillips
youtube.com
yup, its true.
Aaron Diaz
Based
John Fisher
I never said bitcoin isn't real money because you can't buy anything with it. But bitcoin being used in transactions for shit isn't going to lower prices.
LITERALLY everything that is WRONG in the economy can be boiled down to 1 simple thing. Prices are rising TOO FAST.
Under a gold standard Prices were low and life was good. Under a gold standard terms like "income inequality" didn't exist. You could drive retarded kids to school on a bus and "make it" with a wife at home raising your 3 kids.
Not so today when off the gold standard.
You people aren't investing in shitcoins because there is a problem with gold. You are investing in shitcoins because it's impossible to "make it" anymore BECAUSE gold doesn't back the currency anymore.
Thomas Wilson
You need to understand what the entire point of money is. Most don't understand that because they are educated in govt public shit schools.
Money's PRIMARY FUNCTION is to measure VALUE of goods exchanged for it.
Gold has measured value practically perfectly for 1,000s of years.
The dollar 100 years ago was a good weekly salary and today doesn't buy you fucking shit. So the dollar measures value horribly.
Lucas Martin
20$ 100 years ago was a good weekly salary I meant