/biz/ - Business & Finance

>>54205228

ETH

>>54179129

"THE POWER OF GOLD COMPELS YOU!"

Somebody start a new thread, this one is topped out.

Peter Schiff has really been pissing me off lately t.b.h. The dude had an "emergency podcast" Friday claiming he's been calling this and now it's finally here. The dude has been claiming a crash every year for the last 15 years and he's been completely wrong. He'll be wrong again and his followers will continue to kiss his ass.

He doesn't even understand how the banking system works. He still thinks we have a fractional reserve banking system and he still thinks banks need your deposits to make a loan, which is completely false. His customers have been losing money in his funds for the last 15 years and he doesn't even apologize to them.

He's a literal perma-bear. It's too bad, because he was my introduction to finance and I do like him and I will continue to listen to his podcasts, but half the shit he says is objectively false.