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/biz/ - Business & Finance


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19206069 No.19206069 [Reply] [Original]

Peter Schiff says we're fucked how right is he?

>> No.19206122

>>19206069
I hope he is right, its a win win, if everything goes to shit thats an opportunity to get in and get rich during the recovery. If there is no recovery, well fuck everyone, they get what they deserve. You can't lose.

>> No.19206201

>>19206122
How the hell are you supposed to make money off of this? Aren't most people going to be in breadlines and killing each other over a loaf of bread?

>> No.19206209 [DELETED] 

>>19206069
He's right but he has still been a mega faggot for the last 10 years.

>> No.19206219

>>19206069
>experts
Hang them

>> No.19206232

>>19206209
If there some kind of expected time for when shit really hits the fan?

>> No.19206234 [DELETED] 
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19206234

>>19206201
The Jew fears the Indoor Farmer.

>> No.19206248

>>19206069
Name a bigger fucking faggot than Schiff (spioler: not possible)

>> No.19206277

Hes got an agenda
But, the retard writing is on the wall.

This is gonna be a real wild ride and no one realizes it still

>> No.19206289
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19206289

Even a broken faggot is right twice a day.

>> No.19206319
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19206319

>>19206201
Silver stocks are up 50 % in a week, hop on the train or get crushed by hyper inflation

>> No.19206370

>>19206319
I'm still kind of waiting for the second crash to buy in, but I'm literally about to FOMO hard on this silver shit. If silver won't go down when all the rest is going to shit, I will be super salty.

>> No.19206398

>>19206201
Gold, silver, food but most importantly lead

>> No.19206471

>>19206398
Can someone who actually has a head on their shoulders tell me if it's going to be that bad?

If it gets to be that bad who's to say doesn't snowball into something worse? I just want to stay alive man

>> No.19206498
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19206498

The excess we were promised and came to expect and continued to dump money into these promises will be written about by the next Edward Gibbon.

>> No.19206618

>>19206069
Ah, the classic "argument from people in the future who obviously agree with me"

>> No.19206718

>>19206398
Iv got about 3 months of food if i stretch and i bought a CZ P-01

>> No.19206799

There will never be an economic collapse. Deal with it doomers.

>> No.19206823

>>19206219
experts say: experts should not be hanged

>> No.19206829

>>19206398
seeds and lighters

>> No.19206836

>>19206799
What makes you say that?

>> No.19206838
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19206838

>>19206471
You’re the fucking retard, just buy a $250 shotgun for insurance from big 5, or are you too poor? Also why can’t it get that bad? Every empire in the history of earth has fallen and if you can’t use your own two eyes to see what’s coming you deserve what’s coming. The most ruthless will sit at the top of the new regime that is created. Great to see I’ll be able to get the jump on people like you. Not saying it’ll happen tomorrow or next year but it will in our lifetimes.

>> No.19206865

>>19206069
Peter is one of the last great men left trying to help people before the collapse. Meanwhile, corecucks have been shitting on him for years because he refuses to join the cult of bitcoin.

Sad

>> No.19206873

>>19206471
There was a lot of this kind of talk in 2007.
Same thing will happen again, we'll just kick the can down the road, change nothing and pass the bill onto our kids.

>> No.19206918

>world IQ is 89 and dropping
>"it will be hard for future generations to believe we were this dumb"

>> No.19207026

I stopped listening to this jew in 2015 after 9 years of doom and gloom.

>> No.19207037

>>19206069
Imagine having a career that is so amoral and pointless that for your whole life you are stuck shilling a global catastrophe where life on earth turns to hell. Stupid ass boomer needs to put a gun to his head and pull the trigger.

>> No.19207039
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19207039

>>19206918
also, in future we will be using pic related.
president camacho will rewrite history to remove the great collapse and will name peter schiff as hitler 3.0

>> No.19207071

>>19206836
Because its never going to happen.

>> No.19207163

>>19206069
we can keep this charade up longer than schiff has years to live. so no matter what he'll be wrong.

>> No.19207384

>>19206234
BASED

>> No.19207406

>>19207071
can’t argue with that

>> No.19207447

I hope so. Now that I have my crystal ball and cash I can actually quadruple my money instead of just losing it.

>> No.19207510

>>19206370
Just buy dude. If it goes down buy more.

>> No.19207539

>>19207510
I only have 10k and I'm still waiting in line for degiro or I have to pay huge fees. Maybe I'm buying physical a bit, now that the price has increased the spread will probably much smaller. Oh wait my cuck country has like 7% tax on this shit.

>> No.19207546
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19207546

>>19206069
This shill has been portraying the collapse of the dollar since the day he was born, he will approach his death before he see the dollar collapse.

>> No.19207559

>>19206069
Still sitting on my 62oz of yellow shiny rocks. I don't care either way.

>> No.19207592

>>19206069
He's right.

Government interventionism caused it. Same as when the 1930s depression happened. Same as the 2009 recession.

Big government will be the death of us.

>> No.19207604
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19207604

>>19206069
Even if he's wrong that tweet is holy based

>> No.19207988

>>19206069
He's right. Everybody is trying to pick up pennies in front of the bulldozer. None of the big dogs (Icahn, Buffett, Klarman, Soros) are making large investments right now. The fundamentals of most companies are mediocre and solid companies are trading at 30X multiples.

Ridiculous. When you ask people why they would invest, they point to manipulated all time low bond rates as a basis for their investment positions instead of expecting to make money as a shareholder.

>> No.19208229

>>19206838
high iq comment. I´m thinking the same, its only a matter of time

>> No.19208513

>>19208229
I’m not gonna tell anyone to not buy guns. But if you’re spending 250 on defence, you should spend 3x that on food and other necessities.

You can’t eat bullets so unless you plan on eating your neighbor’s ass, make sure you are truely ready
Get a first aid kit too, if you’re serious about using your gun.

>> No.19208543

>>19206248
peter or adam?

>> No.19208618
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19208618

Barrick gold has a trailing pe of 11 it's a screaming buy

>> No.19208623

>>19206838
>>19208513
So long as I have time to prepare. I'm still a poorfag and I live with my grandparents.

If I have a good year or even 5 years to prepare and invest in physical assets, I should be fine. I hope. A lot of people make it out like it'll be some total societal collapse and society will devolve into gangs and shit and won't recover for decades to come

>> No.19208653

>>19206873
It gets progressively worse with each cankick though.

>> No.19208801

>>19206838
Sauce on that gif?

>> No.19208875

>>19206069
I called it since the beginning of COVID, I can't believe how oblivious everyone is, the FED is pumping billions upon billions of fake money into the economy and no one bats an eye.

Seriously what the hell is happening right now?

>> No.19208928

>>19206471
It will be fine, everyone will just be more poor, crime may go up, but it won't be mad max, just stay out of nigger infested places like Chicago or Atlanta, the banks are not going to let it get too bad otherwise people get a little too wise and the gig is up, they want everyone as docile as possible.

>> No.19209005

>>19208513
I like to make a nice white bean and ass chops soup every time I eat my neighbor's ass

>> No.19209204

>>19206069
>calling other people clueless
how unironic

>> No.19209350
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19209350

>>19206069
>special emphasis should be put on how clueless specially the so called experts were

Was this Twitt made in 2007?
I thought everybody was fairly aware how fucking clueless and money thirsty everybody is back in 2008, if anyone listen to anything the so called experts have to say in 2020 is their money to lose, do your own research, pay attention on the patterns and should be able to make bundles on the short and long term.

The key word here is global pandemic

>> No.19209373

>>19206370
market timing is a meme. if you're bullish on silver then go in but manage the money. go in in tranches

>> No.19209433

>>19206370
>second crash to buy in

That already happened it fell to 15 went up to 16 and then to 11. Not to mention physical premiums will go no where.

>> No.19209468

>>19209373
I would usually agree, but I mean get real this market needs to crash hard again. With the last crash I didn't have any cash on hand. So I managed to save up around 10k since then and I'm basically waiting now for my chance.

>>19209433
I mean the general market crash. Silver will fall as well because of all the margin call retards.

>> No.19209490

The keyword here is “chicken little”

>> No.19209492

>>19206069
Future historians will write about how fucking delusional the boomers were about a pending recession that never happened*

Seriously, my area is already recovering.
Shit is reopening
People are going back to work
NO shortages of food of toilet paper
90% of traffic is back
But somehow we are doomed?

>> No.19209511

>peter schiff & sniff

its better to listen to his brother buck

>> No.19209518
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19209518

>>19206471
The biggest problem will be when the riots start in the summer it'll be occupy wall street 2.0, people are seriously pissed how this whole Chinese flu skit was handled from the very beginning.

I still can't believe how fucking profit driven the current government is, they literally fumble 3 vital months trying to figure out how to profit from this shit once they found the profit vehicle they finally moved their stupid ass not with out handing all their donors billions of unnecessary dollars and passing all sorts of unconstitutional laws under the premises of protection.
They can summon your whole internet history without due warrants or even motives now.

Shit it's going to hit the fan but not on the economic sector, most people are already out spending, some stores will have to cash out and some new will form but the general population is mad as all fucks how the pandemic response was handled.

That being said, it's goin to be a great year to mint new millionaires and billionaires, I am hoping to get on the meal ticket

>> No.19209545

>>19206838
Who's our Alaric? Empires usually weaken then get dabbed on from the outside.
Our spirit is obviously completely obliterated but where are the barbarians? The spics?

>> No.19209551

>>19209492
Boomers are all addicted to 24/7 tv news. I can't even visit my parents at their house anymore because they have 3 TVs on in different rooms from the moment they wake up until the moment they fall asleep in their recliners. It is horrific and they believe every bit of it.

>> No.19209568

>>19209492
yeah this

>> No.19209591

>>19209492
Clearly OP has never studied debt and financial crises... Rents in Freefall, unemployment exploding. Next comes the mortgage defaults.

>> No.19209624

>>19209545
China, USA is already losing wargames with China on Taiwan. Chinese will strike fast/hard and take Taiwan before moving to expand into the Pacific. Most of Asia will bow within days since they took the water supply in Tibet that supplies the Mekong Delta. America played Checkers while China played Chess.

>> No.19209681

>>19206471
Here is the deal. NOBODY FUCKING KNOWS. But yes we do live under a fiat system that WILL fail. But Why not prepare? Stock up on food, gold, silver, med supplies, and anything else you cant live without. I'm moving to the fucking sticks this coming month. If You ask me? Its fuckin happening. But I repeat NOBODY KNOWS.

>> No.19209683

>>19206232
August

>> No.19209755

>>19208801
probably some 80s anime.

>> No.19209786

>>19206838
>Tfw living in the country with my gun toting, farm operating family nearby
>Tfw we can easily hunker down and go to war if need be

I need to learn how to create or obtain grenades, I think they're really underrated in SHTF potential. Flash grenades, smoke grenades, fragmentation, etc. I already have nightvision stuff, I want to be able to disorient enemies.

>> No.19209803

>>19206718
>CZ P-01

A great gun.

>> No.19209814

>>19207546
This. The dollar is strong as fuck. Shiff is a shill and will die a shill

>> No.19209845
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19209845

>>19207988
this. someone call the based department.

>> No.19209853
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19209853

>>19209803
Thanks, pardner.

I am looking at getting an SKS too, though.

>> No.19209883

>>19206069
whacky internet libertarian charlatan says we're doomed. nothing new
>>19206471
>Can someone who actually has a head on their shoulders tell me if it's going to be that bad?
why on earth would you go for /biz/ to that? this is just /pol/ for people who discovered crypto. they've been saying, "ITS HAPPENING" since they discovered the internet. these are people who, in the 1800s, would've been insisting the Rapture is coming any day now.
it takes so much for a society/economy to collapse. even the Great Depression didn't cause society to collapse. people don't realize how extreme things have to be. for fuck's sake, look at how much the Roman Empire weathered. and their society was a much more fragile one than ours

>> No.19209915

>>19209591
There won't be many mortgage defaults like 2008 bro.
People arn't strapped for cash.
People are returning to work
People are getting paychecks again

>> No.19209938

>>19207988
Based

I'm stealing the bulldozer reference

>> No.19209939

>>19209853
>I am looking at getting an SKS too

Get an AR15 instead if you don't already own one. Get an AK over an SKS if you absolutely need that 7.62. Settle on an SKS if you're a felon and can only buy one off a friend of a friend.

>> No.19209943

>>19206069
Peter's been shilling the economic collapse of America every day for the last 15 years

>> No.19209970

>>19209943
this
he has a stake in people panicking. he owns SchiffGold, a metal dealership. and then he goes online and tells people the dollar is collapsing and that they need to coincidentally buy the products he sells
hes a step above the preachers who sell rapture kits

>> No.19210069

>>19208875
Normalcy bias

>> No.19210094

>>19209492
The economy is a bucket of water with a big fucking hole in it. Just because you're area of the bucket still has a bottom doesn't mean water isn't haemorrhaging out elsewhere

>> No.19210122

>>19209492
>how is this not bullish?
>people arent even starving yet!
the fact that this conversation is even being had is bearish af

>> No.19210163

>>19206718
Based P01 hodler>>19206718

>> No.19210177
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19210177

The BBRRRRRINTER got stuck mumu, I can't fix it get out of there!!!

>> No.19210185

>>19209939
The gunstore thats stealth-open in my area is selling a WASR for 1k.
And it has a retard fin.
They already ripped me an a CZ and im not about getting burned again.

There is an SKS available to order for about $319 from this one website, stored in cosmoline. probably beat to absolute fuck

My reasoning is an SKS is unmolested, isnt neutered, has an internal mag that is cali compliant, and I get a neat letter-opener on the front.

>> No.19210251

>>19210069
many in this thread suffer from it too. "Nothing will happen, trust me". Retards.

>> No.19210254
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19210254

>>19206838
It's really amazing to me people don't recognize the breakdown in government and major businesses. It's like they sincerely mistake the ever growing costs of these edifices with their constant reductions in quality or accountability with real honest to god progress because they now hire blacks and women or something. Inefficiency in America is growing everywhere while the cost is passed on to common people who have to make do with worse goods and services and even job opportunities while being squeezed by the growing bureaucratic middlemen who do nothing.

I don't think it's unreasonable to say people have gone insane, our systems are so abstracted no-one can act responsibly and effectively, it's either one or the other and usually it's neither.

Pic fucking related.

>> No.19210257
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19210257

>>19209591
>>19209624
Absolutely retarded low IQ commentary. The fed will just print more money before allowing defaults on any meaningful scale. As for China playing chess and taking Taiwan... lol

>> No.19210299

>>19209915
50 percent of los angeles is unemployed

>> No.19210301

>>19210254
>tfw we can barely afford to keep our roads and homes from collapsing on themselves
>still think ourselves the center of the 'first world'
https://www.infrastructurereportcard.org/

I'm planning to escape to Japan, how about you /biz/ bros? I just happen to know a good amount of Japanese from being a loser on this website and watching anime for half a lifetime, I don't actually envy the prospect of living there in the age of China.

>> No.19210306

>>19210257
printing trillions after a crash is bullish

is printing trillions 6 months after a crash bullish? does that still have the same effect it has today?

>> No.19210355

>>19207988
can someone explain this for someone who is too retarded to understand. i’m the retard

>> No.19210437

>>19210301
I got my stuff set-up in Russia since last summer

Just need to accumulate more wealth so I don't become some slavic factory worker and can actually live in peace

>> No.19210454

>>19209468
> crash inevitable
i think so too but the date is unknown. can be tomorrow, can be in 30 years. look at japan. they are overdue with their economic collapse but the can can be kicked and kicked and kicked.

>> No.19210463

>>19206718
why the hell would you buy a P-01 when they just came out with the P-02? Things worthless now.

>> No.19210497

>>19206069
Smart people don't listen to Peter Schiff.

>> No.19210539

>>19210301
Enjoy being the outsider forever. Even if you learn the language, you will still be gai jin. It’s not unlike when redditors come here. No matter how long they lurk, they are never one of us.

>> No.19210608

>>19210539
>https://www.infrastructurereportcard.org/
does anyone actually give a fuck? No. lmao.

>> No.19210631

>>19210463
I dont think a home intruder looking to steal my chili will care what number is on my gun when i blast him into oblivion

>> No.19210670

>>19210539
I've seen several videos out of Japan where a couple Japs are mockingly interviewing some depressing display exported from America who's real into anime and it hurts to watch.

It's like watching Chris-chan being interviewed.
I would hate that.

>> No.19210761

>>19210608
You would if you had to avoid dying on the highway like I do coming home from work. There's more potholes than road in some places.

>> No.19210884

>>19210301
Japan is my fav and I’ve been all over the world. Food is great, public transportation is great, and people are courteous unless you’re a Complete asshole boomer yelling at everyone and treating people/women like shit. Watch Tokyo zebra on YouTube. If that ugly fuck can make it, anyone can.

>> No.19210929

>>19210608
yes actually, just not people with political power

>> No.19210971
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19210971

>>19206838
Jokes on you I’ll be dead in 6 months

>> No.19211042

>>19210971
Why anon?

>> No.19211058
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19211058

>>19206069
So he finally admitted he's entering into Bitcoin?

>> No.19211110

>>19210454
The only way I could see how a market crash can be avoided, is if 30-60% inflation kicks in to correct the market that way. I'm not saying this won't happen, but I think investors will notice at some point that investing in a basically bankrupt business at an all time high price is just not the way to keep your money. Currently everybody just looks at the FED but completely ignores fundamentals. This is simply not how the stock market works, no matter how much they wish. There will be another pin soon. Either the second wave or the bankruptcy of some major business, something fundamental will happen and people will wake up from this lala land and sell all their shit in a complete panic.

>> No.19211157

>>19211058
For being such a troglodyte retard, it always make me seethe that Sminem has sparkling blue eyes

>> No.19211185

>>19207988
Checked and heiled.
The problem with your comparison between 'the big dogs' and everyone is that the big dogs buy entire companies or partnership interest. For Joe and Sally Main St. it's a much different set of circumstances.

>> No.19211244

>>19206069
He's right long term, you simply cannot spend yourself out of a downward death spiral.

>> No.19211312

>>19206069
>boomer cry doomsday for the 20th time this year

>> No.19211388

>>19211058

The dollar currently controls the bitcoin market. Your funds will be safer in crypto than a bank, but that's all they'll be "safer"

>> No.19211444

>>19207988
>pick up pennies in front of the bulldozer

I read When Genius Failed too.

>> No.19211514

>>19206370
good luck catching that knife anon

>> No.19211517

>>19206069

>goldbug says economy will collapse.... again

ok sure thing peter

>> No.19211640

>>19208928
>Atlanta
Grew up here. I have seen first hand what the future of America will be this century. You faggots want no part of it, trust me.
I’m making it in LINK and then emigrating to NZ asap.

>> No.19211650
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19211650

I bought his gold fund a few months ago. >25% gains in a couple months isn't bad....would buy again. Thanks Peter!

>> No.19211665

>>19206201
Look at Argentina and Venerzuela.
Gold, silver, bitcoin.

>> No.19211682

>>19206248
Bill Mitchell

gg scrub

>> No.19211686

>>19211650
Why are you buying the A shares over the I

>> No.19211710

>>19206471
Head on shoulders. If you’re not a complete asshole go get a gun and some ammo regardless of if it happens. Don’t fall for the shotgun meme unless you’re a behemoth of a human

>> No.19211721
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19211721

>>19206122
*blocks your path*

>> No.19211941

>>19210185
Sounds like you’ve discerned the better deal. Good luck.

>> No.19212008

>>19211686
Schwab's individual brokerage accounts require $100k minimum investment for EPGIX.

>> No.19213145

Classic Peter Schiff discussion. Critics have no actual refutations to what he says, only "waAaAAhhh he's a broken clock!!!" Sure the guy underestimated the feds ability to keep the sinking ship afloat, but the ship can't be saved. We're going down. Not a matter of if, but when. You'll never find someone giving a substantive criticism of his views.

>> No.19213217

>>19209551
Yeah it’s really sad. My parents were like this for decades but somehow the absolute avalanche of fake news since this crisis started broke the spell and I noticed they don’t keep it on all day everyday anymore.

>> No.19213228

>>19213145
Based and Schiff-pilled

>> No.19213332

>>19209883
best post ITT

the chinese crash, like the chinese virus is a nothingburger.

>> No.19213356

>>19210299
so nothing changed from last year?

>> No.19213417

>>19209545
>where are the barbarians

lmao whites are already minorities in their own countries

>> No.19213576

>>19211721
Perty much. Australian housing market set to correct -20-30%. News report on Chinese buyers already buying the cheap realestate up. Fuck free trade only works in their favour. We cant buy their realestate why the fuck are they allowed to buy ours..

>> No.19213618
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19213618

>>19208801
>He hasn't watched gay space napoleons bizarre adventure

>> No.19213744

>>19213417
U.S is never been the white's country , wtf you talking bout?

>> No.19213850
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19213850

>>19210301
If America collapses Japan will literally be the strongest nation on the planet.

>> No.19214144

>>19213850
they aren't even energy independent, and if America collapses, they need to worry about the chinks

>> No.19214495
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19214495

>>19206069
He's right, "experts" are shilling more Keynesianism leading to V-shaped recoveries, or otherwise recommending a return to other forms of socialism.

The same cabal of "experts" who were desperately squealing that there was "nothing to see here" when the enormous repo bailouts because in September.

The same cabal of "experts" who were scoffing that Corona was nothing when it first began, that shutting borders was "racist" and would destroy the economy (ignore the massive months-long bailouts already underway).

The same cabal of "experts" who, upon realising there was no stopping the sinking ship of political distribution these parasites were fallaciously calling an "economy", saw that Coronavirus was the perfect cover for the horrendous crimes of Keynesianism. It was the virus which killed the "economy" not, Keynesianism (corporate socialism) despite the titanic having hit the iceberg months before the virus infected the first Chinese patient.

Keep in mind, Schiff has spent so much time listening to the wyrm-tongued leaches the corporate media calls "experts" that he has fallen for desperate propaganda that a real economy might be returned if we went to a gold standard.

But how the fuck is that going to happen? As a rule of thumb, if it requires bipartisan political will, and goes against the financial interests of both parties of criminal parasites, it will never happen.

Change needs to be ground up, a product of people changing their habits. Crypto offers this. For the first time since the Jews poisoned the world with Central Banking, we have a real chance to escape from under their vampiric clutches.

>> No.19214778

>>19214495
Cool story but I think both crypto and gold will be outlawed

>> No.19214823

>>19206838
>incel fantasies

>> No.19214938

>>19214495
This

>> No.19215251

>>19208875
FUCKING CLOWN WORLD. We tried telling everyone several years ago. This is official clownworld timeline.

>> No.19215268

>>19206069
Peter Schiff has been saying we're fucked since the last time we were actually fucked, anon. He is right semi-decennially

>> No.19215280

>>19206232
No. I cashed out my 401k with gold and silver in 2015. Still waiting lol.

>> No.19215292

>>19209883
Nobody is claiming we are going to go full Mad Max you shill. But the reality is, there are not hundreds, not thousands, not millions, not tens of millions, but HUNDREDS of millions of people in North America that have their entire existance propped up by the voodoo scam of (((((((central BANKING))))))) in some capacity. The economy is a voodoo scam.

>> No.19215341

>>19213145
>matter of if, but when
>its going to happen this time guys, i swear!
13yrs of schiff calling for the end of the USD and USA hegemony

>> No.19215371

>>19215292
>HUNDREDS of millions of people in North America that have their entire existance propped up by the voodoo scam of (((((((central BANKING))))))) in some capacity
other countries have central banks as well

>> No.19215476

>>19206836
I wouldn't say never like the anon you're replying to, but we're not even close to the amount of bullshit it would take to collapse the US economy. We'll definitely see a lot of inflation in the next few years as a result of all the padding to the economy that the fed is doing, but it won't be anything collapse-inducing. The minimum wage would have to be raised though, after this next rapid inflation period $7.50/hour won't be enough for anything.

>> No.19215718
File: 421 KB, 3500x2322, Laughing Norks.jpg [View same] [iqdb] [saucenao] [google]
19215718

>>19211710
>Don’t fall for the shotgun meme unless you’re a behemoth of a human

Dude, you have to pack the stock into your chest, just to the side of your sternum. Otherwise you give the recoil a longer lever-arm and you let it take you for a ride.
I'm a skinny manlet and I can handle 3" mag shells, you just have to practice

>> No.19215772

>>19206823
kek

>> No.19215828

>>19211640
Fucking lol this is also one of my "when I get really rich" places i'm moving to.
Yeah I love America but shit isn't looking to good.

>> No.19215919

>>19211110
I'm banking on a bond market collapse before the next huge collapse down. I am curious though if mining stocks will be so high by that time that their correction will be negligible. I am also in the other guys boat I am get FOMO feels right now, but i'mk pretty sure silver will pull back on market open tomorrow.

>> No.19215931

>>19211650
Why dont you buy a solid miner instead of paying his insane 1.5% expense ratio. .