ATH INCOMING Peter Schiff Warns "The Whole Economy Has Imploded Collapse Coming"

podyx

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Quote from: kwukduck on December 08, 2015, 04:27:25 PM

People have been shouting 'Collapse of the economy soon!" For over two decades now... not going to happen.

People have always been chanting that the world is gonna end tomorrow. One day they'll be right aswell.

It's no secret that this shit isn't sustainable.

ROT13

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Just sold all my BTC for bottlecaps

kwukduck

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People have been shouting 'Collapse of the economy soon!" For over two decades now... not going to happen.

Wekkel

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yes

Quote from: Elwar on December 08, 2015, 04:33:07 AM

The price of oil going down stimulates the economy more than anything the Fed could do.

It severally affects the 'flow' in the system. Flow is more important than the price of the SPX or the level of debts. Flow is everything.

Elwar

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Viva Ut Vivas

The price of oil going down stimulates the economy more than anything the Fed could do.

QuintLeo

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We're not even close to broke - our ratio of Debt to GNP is at an all-time high, but we're not even close to the ballpark of countries that have defaulted like Greece.

On the other hand, if most folks AND OUR DAMNED TAX AND SPEND GOVERNMENT OF THE LAST 40+ YEARS doesn't start making some effort to reign in the debt, we might get there in 2-3 decades.

suda123

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Quote from: The Sceptical Chymist on December 08, 2015, 02:35:47 AM

Dude you guys are watching waaaay too much Walking Dead.

tbh he may be relating it to movies, but I read real stories from collapses and how they go, guns and ammunition, and food are the best.

The Sceptical Chymist

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Dude you guys are watching waaaay too much Walking Dead.

NorrisK

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Quote from: chesthing on December 08, 2015, 12:38:41 AM

Quote from: suda123 on December 08, 2015, 12:33:42 AM

Quote from: chesthing on December 08, 2015, 12:25:07 AM

If you believe economic collapse is coming, buy lots of ammo, food and fuel. Nobody is a gonna give a fuck about crypto or anything else other than the bare necessities of life and defending them.
Don't forget about booze.

Yea thats my point, if we were even getting to a point where we use gold and silver, guns and food are the only things to worry about, I read stories on depression in estonia, gold was traded for ammunition.

Even talks in other forums saying there just going to rob people with gold anyways.

Don't underestimate fuel - people will be shot over it.
Bitcoin will be the last thing people will give a fuck about.
Everybody better hope it doesn't happen, including bitcoiners.

And how long do you think your fuel will be good for? That stuff has an expiry date of around a year or so. Than all the additives have gone bad and your fuel will only run in tractors.
Might be good after a couple of months though, when the reserves are completely empty, but food and weapons will be #1 and #2 for sure. Solar panels and windmills might also become really valuable.

hunnaryb

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Global Macro economy has such a big impact on Bitcoin. This isn't just news to fuel a short term pump.

Mervyn_Pumpkinhead

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Quote from: Cconvert2G36 on December 07, 2015, 11:42:47 PM

Peter Schiff:

"I don't see bitcoins as an alternative to gold," he said. "If anything, [the creators of bitcoin are] modern-day alchemists, but you can't make gold digitally. It's no better than a fiat currency."

http://www.cnbc.com/2013/11/12/peter-schiff-calls-bitcoin-bubble-tulip-mania-20.html

Exactly! But that's what most of the bitcoin fanboys are all about. They're not about changing the current financial system, where the few leech on the backs of many. They are about changing the system, so the only thing that would change, would be them getting to the position of becoming the new leeches. For them, the artificial scarcity part is the most attractive part of bitcoin to drool over. They don't care that the entire idea/technology could be advanced further then their personal petty greed. They can't see that the future is not about making "early adopters" rich, because their contribution to society is meaningless. They can't understand that lottery players will remain poor while dreaming of easy riches.

To me, this is the ugliest part of bitcoin. The hypocrisy that plagues most of the people who are involved with bitcoin. Most technical minded people are busy developing new "alts" that could overcome the problems that stop bitcoin in becoming a practical currency. The rest are.. well... just cheerleading and hoping that their artificially scarce digital numbers will become more and more valuable.

chesthing

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Quote from: suda123 on December 08, 2015, 12:33:42 AM

Quote from: chesthing on December 08, 2015, 12:25:07 AM

If you believe economic collapse is coming, buy lots of ammo, food and fuel. Nobody is a gonna give a fuck about crypto or anything else other than the bare necessities of life and defending them.
Don't forget about booze.

Yea thats my point, if we were even getting to a point where we use gold and silver, guns and food are the only things to worry about, I read stories on depression in estonia, gold was traded for ammunition.

Even talks in other forums saying there just going to rob people with gold anyways.

Don't underestimate fuel - people will be shot over it.
Bitcoin will be the last thing people will give a fuck about.
Everybody better hope it doesn't happen, including bitcoiners.

suda123

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Quote from: chesthing on December 08, 2015, 12:25:07 AM

If you believe economic collapse is coming, buy lots of ammo, food and fuel. Nobody is a gonna give a fuck about crypto or anything else other than the bare necessities of life and defending them.
Don't forget about booze.

Yea thats my point, if we were even getting to a point where we use gold and silver, guns and food are the only things to worry about, I read stories on depression in estonia, gold was traded for ammunition.

Even talks in other forums saying there just going to rob people with gold anyways.

chesthing

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If you believe economic collapse is coming, buy lots of ammo, food and fuel. Nobody is a gonna give a fuck about crypto or anything else other than the bare necessities of life and defending them.
Don't forget about booze.

peonminer

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Crypto is King.

Yeah, he's invested so much into shilling gold that he's probably at a huge loss right now. Pissed and scared. Just as he should be. I bet you anything, he has invested in Bitcoin by now. That article is over two years old. Many big names have begun supporting Bitcoin and cryptocurrency in general. The world is evolving at an exponential rate. It's amazing to watch it all unfold. Bitcoin is the 'disrupting force' of central banking and fractional gold reserve. Yeah, he's hodling now too. Wink

Cconvert2G36

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Quote from: peonminer on December 07, 2015, 11:36:27 PM

Quote from: Cconvert2G36 on December 07, 2015, 11:29:18 PM

Are you going to spam this on every thread?

Re-posted in the everything bullish thread, the wall observer, and an individual thread for topic specific discussion. I'm done re-posting. Discuss your views on the topic if you would like.

Peter Schiff:

"I don't see bitcoins as an alternative to gold," he said. "If anything, [the creators of bitcoin are] modern-day alchemists, but you can't make gold digitally. It's no better than a fiat currency."

http://www.cnbc.com/2013/11/12/peter-schiff-calls-bitcoin-bubble-tulip-mania-20.html

peonminer

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Crypto is King.

Quote from: Cconvert2G36 on December 07, 2015, 11:29:18 PM

Are you going to spam this on every thread?

Re-posted in the everything bullish thread, the wall observer, and an individual thread for topic specific discussion. I'm done re-posting. Discuss your views on the topic if you would like.

The Sceptical Chymist

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Not saying that global economies don't have problems right now, but I view anything Peter Schiff says as basically him wanting to sell you precious metals. The PM hucksters have been crying wolf for way too fucking long now, and the economic collapse is...still...just around the corner. Here it comes, wait for it!

Eh. I'm tired of waiting. And I will dance in the streets when he's the first one wiped out and is eating his leather shoes under a bridge.

Alley

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Nothing there says bitcoin will increase.

Cconvert2G36

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Are you going to spam this on every thread?

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