Peter Schiff
@PeterSchiff
Chief Economist & Global Strategist https://t.co/X35usGhhgW, Chairman https://t.co/Ib5G6n78js, Founder https://t.co/a2VnvnhiKN, Host https://t.co/YAV1Kdqb51
ID:56562803
http://amzn.to/1nDylDr 14-07-2009 01:28:42
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Both Nick McKenzie & Charlotte Grieve blocked me. That means I can't inform their followers, who may be under the false impression that they're legitimate journalists, that they're liars and frauds. Now everyone else must post comments to ensure their followers know the truth.
If Matthew Goldstein actually cared about corruption he'd investigate how a completely innocent bank was illegally put out of business by the unlawful acts of corrupt IRS agents, including former Chief Jim Lee. But he wants to help facilitate government corruption, not expose it.
In Friday's #Bitcoin debate my partner Nouriel Roubini said he was happy paying 52% of his income to the government. Medieval serfs only paid 25% of their incomes to their lords. Americans are supposed to be free. Confiscatory taxation violates the founding principles of our nation.
🔴 LIVE DEBATE: Bitcoin vs. Gold
Team Gold: Nouriel Roubini and Peter Schiff
Team Bitcoin: Erik Voorhees and Anthony Scaramucci
Watch it live right here or on my YouTube channel: youtube.com/live/kZFmgfCak…
#GOLD #bitcoin #Crypto
Instead of focusing on the ISM Services Index plunging into #recession territory, with pronounced weakness in employment, investors focused on the surging prices paid component. They missed the point that #recession will prevent the #Fed from raising rates to fight #inflation .
The ISM Services Index unexpectedly plunging to 49.4 should throw cold water on the everything is awesome narrative. #Stagflation is a reality. The labor market, consumers, corporate profits, and the economy will be decimated by the combination of high #inflation and #recession .
A weaker than expected April #jobs report caused speculators to pile into risk assets. This reaction misses the point that #stagflation isn't good for risk assets. #Inflation will run out of control as #recession wides budget defects, weakens the dollar, and sidelines the #Fed .