schiff isnt a conspiracy theorist, good job at trying to discredit and marginalize him. He's an austrian economist, he's a stock broker and runs a brokerage firm. He could sell any products he wants, he could spout krugmans garbage and sell conventional investments to his clients. he chooses not too because he believes its wrong its that simple. His clients have done very well and have outperformed the mainstream due to avoiding the u.s. economy and investing in foreign stocks/currencies/commodities. the video is pretty simple tyo understand and obviously shows the way inflation is measured today is flawed
inflation propaganda exposed
- Thread starter msog87
- Start date
Didn't you try and make this claim once before and was shown differently by more than one member? Of course you were. Repeating the claim will never make it true.schiff isnt a conspiracy theorist, good job at trying to discredit and marginalize him. He's an austrian economist, he's a stock broker and runs a brokerage firm. He could sell any products he wants, he could spout krugmans garbage and sell conventional investments to his clients. he chooses not too because he believes its wrong its that simple. His clients have done very well and have outperformed the mainstream due to avoiding the u.s. economy and investing in foreign stocks/currencies/commodities. the video is pretty simple tyo understand and obviously shows the way inflation is measured today is flawed
He is full of shit as outlined above in post #3 and subsequent posts. The guy is a fraud.
you keep focusing on newspapers, he measured 20 common everyday items vs the CPI. as you know the CPI is a random basket of goods, this is from the BLS website:
FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)
APPAREL (men's shirts and sweaters, women's dresses, jewelry)
TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)
RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
as you can see since you watched the video the 20 items he mentioned qualify for the CPI. the only fraud here is you
point is he can sell what ever investment products he wants. In fact, the easier thing for him to do is join the clowns on cnbc and shill the u.s. economy and your standard vanilla portfolio but he chooses not too bc he has integrity. before the financial crisis he was marginalized in the media but he stuck to his message and has become extremely successful as more and more people understand realityDidn't you try and make this claim once before and was shown differently by more than one member? Of course you were. Repeating the claim will never make it true.
No that's not the point and repeating the story isn't going to change that his record is nothing special.point is he can sell what ever investment products he wants. In fact, the easier thing for him to do is join the clowns on cnbc and shill the u.s. economy and your standard vanilla portfolio but he chooses not too bc he has integrity. before the financial crisis he was marginalized in the media but he stuck to his message and has become extremely successful as more and more people understand reality
Your problem is a lack of education and an inability to understand complex arguments. You are easily fooled. Schiff is not an immensely successful stockbroker. Check his net worth, he is worth less than $70 million.point is he can sell what ever investment products he wants. ..before the financial crisis he was marginalized in the media but he stuck to his message and has become extremely successful as more and more people understand reality
I outlined in post 3 how his approach was wrong, and in fact would earn him an F in first year economics.you keep focusing on newspapers, he measured 20 common everyday items vs the CPI. as you know the CPI is a random basket of goods, this is from the BLS website:
FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)
APPAREL (men's shirts and sweaters, women's dresses, jewelry)
TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)
RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
as you can see since you watched the video the 20 items he mentioned qualify for the CPI. the only fraud here is you
yeah keynesian garbage, do you really not get it? thats the whole point mainstream economics has been taken over by keynesians and they have been completely wrong and clueless. Why do you think every ivy league economist that subscribes to keynes has been completely wrong? He knows and understands the keynesian school.I outlined in post 3 how his approach was wrong, and in fact would earn him an F in first year economics.
Quit clogging our forums with this garbage please. You are a poser of the worst kind. You have a very poor understanding of the subjects you post about !Why do you think every ivy league economist that subscribes to keynes has been completely wrong? He knows and understands the keynesian school.
