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/biz/ - Business & Finance

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49399430 No.49399430 [Reply] [Original]

What if Peter Schiff is right about Bitcoin?

He was right about the housing crash and people were laughing at him on live tv.

>> No.49399571
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49399571

Schiff is wrong a lot. He predicted "undeniable signs of hyperinflation before the end of Obama's first term" (by 2012). Didn't happen.

HE also wrongly thinks "government prints money." In fact, the government gets all money from borrowing and taxation. All the money used by government is created by banks issuing loans. Private banks create all money digitally when they lend.

bankLIESdotORG

>> No.49399597

>>49399430
is there a video?

>> No.49399613

>>49399430
>says bitcoin will never be above $100, $1k, $10k
Will he be right about bitcoin?
I doubt it
He’s just selling his rocks, he owns companies that sell gold

>> No.49399615

>>49399430
But what did he say?

>> No.49399617

>>49399571
Bernanke also called it money printing

When you borrow from an infinite supply and never pay it back it's the same thing

>> No.49399626

>>49399597
No

>>49399615
The same thing he always says

>> No.49399648
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49399648

>>49399430
What if?

>> No.49400130

>>49399626
not again!

>> No.49400175

>>49399430
>What if Peter Schiff is right about Bitcoin?
??? What if nothing, faggot. We already know with 100% certainty that he is wrong. Did you just find out who he is last week?

>> No.49400509
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49400509

>>49399430

>> No.49400637

>>49399430
My favorite part about his grifting is the bank he owns in the Caribbean. Which is most probably used for money laundering. Which means that in this downturn when the bank fails some gentlemen from Sinaloa are going to funkytown his ass.