fireworks fly Peter Schiff warns about economy

[reddirtcoins]

Some like him, some don't. I think it will be a classic.

http://www.zerohedge.com/news/2014-10-2 ... qe-dies-qe

[Hawkeye]

That was awesome.

[mongo]

Scott Nations needs a lesson in manners. Did you see his eyes? He was really ticked off and just wanted to rip into Schiff. I dont how the Fed thinks that what theyve done wont have some serious long term effects on our monetary system. Everybody that has ever printed fiat currency the value of that currency has went to ZERO. Dont take my word for it, study it out for yourselves. Fiat currency doesnt work it just prolongs the inevitable.

[68Camaro]

"We're not going to see another economic collapse..." You heard it on CNBC (Anthony Grisanti) so it must be true.

[68Camaro]

Further, I get can't help but note the many anchor/moderators (this was one) that were in diapers in the 80s, who don't understand the larger market but who appear to think it is really a form of legalized gambling, and who make pronouncements of certainty like they are oracles.

I do think this might be the beginning - the very early edges - of the bubble burst, but if so it'll happen with the bubble going much higher first - and PMs going down for the moment. If so I will not be surprised to see Dow 20,000+ (perhaps even 25,000) before it bursts. And QE 4 in some form (whether recognized or not) is inevitable, but I would bet that if they can find a way to do it under the table (perhaps by funding QE elsewhere in the world) they will.

[agnostic]

Peter Schiff will tell you how he thinks it is come hell or high water.