Just when I thought I had seen it all after watching Alex Mashinky's debate on cryptocurrency, Ross Gerber never fails to deliver some notable talking points.
Man Schiff really owns this format. Gerber comes off like a Gen X goofball.
Gerber - just another goober who mistakes his own feeling of confidence with his grasp of reality. There is no conversation as such to have with people like him. The earth is flat, held up by turtles. The problem arises when reality (temporarily) matches the views held by those who are wrong. The clerics were having nothing of Copernicus’s ‘sun is the centre’ view because it was ‘obvious’ that God put the earth at the centre of the universe. Likewise, the Fed is at the centre of the universe, has been created by God and is perfect.
Chris, instead of going straight to this interview, I hit one of your golden oldies in QTR #63 with Gerber. Still makes me laugh and is good for perspective on just where we came from in the recent past. He proves that sometimes ‘money just sticks to dumb’. The shame is that he either has no idea why his ‘thesis’ played out to the upside in the past, or he’s deliberately hawking rubber dog poo to the unwary. My favorite two step is the Gerber two step; it’s better than Stephanie Kelton answering a question by conjecturing about her own conjecture. At least Ross does have that fancy business school diploma so he’s done great analysis of the economic history of Apple.
It's impossible to get this Gerber dude to understand what Mr. Schiff is saying because Gerber's continued income promoting and peddling his trash bleeding-edge tech stocks makes him deaf to the message. He literally can't hear it. Google Upton Sinclair quote about "getting someone to understand something ..."
I enjoyed the debate. Real Vision did some quality editing as Schiff can sometimes ramble on and on. Ross did a good job illustrating the blind spot of contemporary investing when he claimed the FED has the tools to fight inflation by jacking rates up massively. Yea, dude, that works on paper (or as Doomberg would say, "that idea only works in academia") but in the real world there is no way the FED can increase rates in a meaningful way without crashing the economy and the federal government into oblivion.
Only thing that will stop inflation is a new administration. However I do not see an feasible possibility that is going to happen. Between printing / handing out money and the hatred towards fossil fuels - inflation is going to continue.
This administration hates America and it's citizens by every decision they make. However they go on camera and tell everyone how much they care for them and every who opposes them is a White Supremist.
Federal Reserve created Boom / Bust cycle this time, reviewed. Buckle up!
Thanks. Do you know where I can read more about Apple and the $150 million investment from Microsoft. I've known this for a while but I've never done the research - what did Microsoft get, royalties, access, shares, etc.
Just another reason why I link a lot of Peter's articles and videos. Linking this today @https://nothingnewunderthesun2016.com/
Thanks, hadn't seen this one.
Before I even get farther in the article, I have to pause for an "amen" to:
"...the hubris of cryptocurrency bulls, many of whom are in the process of receiving their long-overdue shit-coin comeuppances."
That stupid, stupid, argument of "[duh]well the dollar isn't backed by anything either!" is like listening to a session of "neener, neener, you big dummy" from preschoolers. Those people have had a "wing clipping" coming for quite a long time!
Wow...just wow. I am a novice compared to most folks on this sub stack and even I could run circles around Gerber!