Mr. Doom – Peter Schiff was wrong

[NotCranky]

In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.

Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.

Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!

I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!

He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.

[bob2007]

Thanks for posting this information. He can claim things changed from the time he wrote his book, but the fact he is losing money proves the point because he can adjust is investments to market conditions.

[bob2007]

Thanks for posting this information. He can claim things changed from the time he wrote his book, but the fact he is losing money proves the point because he can adjust is investments to market conditions.

[bob2007]

Thanks for posting this information. He can claim things changed from the time he wrote his book, but the fact he is losing money proves the point because he can adjust is investments to market conditions.

[bob2007]

Thanks for posting this information. He can claim things changed from the time he wrote his book, but the fact he is losing money proves the point because he can adjust is investments to market conditions.

[bob2007]

Thanks for posting this information. He can claim things changed from the time he wrote his book, but the fact he is losing money proves the point because he can adjust is investments to market conditions.

[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Bubblesitter]

I’ve come to believe that the only one you can trust with your own money is yourself.

I have spent countless hours trying to educate myself on the financial world and the best places to put my hard earned money, even going so far as getting a part-time MBA with finance concentration a few years back. I lost a bundle in the dot com collapse, and I don’t want to repeat it this this debacle.

Many of the “experts” on Wall street are well versed on how to maximize their own personal gain. Many financial advisors are not worth their salt.

It is truly caveat emptor out there.

That being said, Peter Schiff has been right about alot of things and was a proverbial “canary in the coalmine” at the peak of the bubble.

Bubblesitter

[Bubblesitter]

I’ve come to believe that the only one you can trust with your own money is yourself.

I have spent countless hours trying to educate myself on the financial world and the best places to put my hard earned money, even going so far as getting a part-time MBA with finance concentration a few years back. I lost a bundle in the dot com collapse, and I don’t want to repeat it this this debacle.

Many of the “experts” on Wall street are well versed on how to maximize their own personal gain. Many financial advisors are not worth their salt.

It is truly caveat emptor out there.

That being said, Peter Schiff has been right about alot of things and was a proverbial “canary in the coalmine” at the peak of the bubble.

Bubblesitter

[Bubblesitter]

I’ve come to believe that the only one you can trust with your own money is yourself.

I have spent countless hours trying to educate myself on the financial world and the best places to put my hard earned money, even going so far as getting a part-time MBA with finance concentration a few years back. I lost a bundle in the dot com collapse, and I don’t want to repeat it this this debacle.

Many of the “experts” on Wall street are well versed on how to maximize their own personal gain. Many financial advisors are not worth their salt.

It is truly caveat emptor out there.

That being said, Peter Schiff has been right about alot of things and was a proverbial “canary in the coalmine” at the peak of the bubble.

Bubblesitter

[Bubblesitter]

I’ve come to believe that the only one you can trust with your own money is yourself.

I have spent countless hours trying to educate myself on the financial world and the best places to put my hard earned money, even going so far as getting a part-time MBA with finance concentration a few years back. I lost a bundle in the dot com collapse, and I don’t want to repeat it this this debacle.

Many of the “experts” on Wall street are well versed on how to maximize their own personal gain. Many financial advisors are not worth their salt.

It is truly caveat emptor out there.

That being said, Peter Schiff has been right about alot of things and was a proverbial “canary in the coalmine” at the peak of the bubble.

Bubblesitter

[Author]

Posts