BASED SCHIFF

[Anonymous No.26410178]

How does it feel to ride a soon bursting ponzi scheme, making chinese oligarchs who bought early even richer?

https://www.youtube.com/watch?v=M6k0QEnYpSQ

[Anonymous No.26410221]

I think kikes are losing power worldwide and chinks are gaining power worldwide

[Anonymous No.26410243]

How does it feel to ride a crabbing, useless element, making Jewish oligarchs who bought early even richer?

[Anonymous No.26410266]

>>26410178
He’s a cool dude who is totally wrong about crypto. He should really be investing in ALBT and AVAX but I doubt he has done any research beyond Bitcoin charts.

[Anonymous No.26410324]

>>26410178
Reminder Schiff's fund underperformed cash.

[Anonymous No.26410345]

>>26410178
it wouldn't surprise me if Schiff got into quality alts like DIA instead of BTC. He's burnt his bridges there desu

[Anonymous No.26410372]

>>26410324
It's because he's betting that once cash collapses people will flee to gold and not crypto for some reason

[Anonymous No.26410403]

It's evident that he knows he lost. Just playing his role as a troll from now on.

[Anonymous No.26410490]

>>26410178

[Anonymous No.26410526]

>>26410324
nice cherrypicking

[Anonymous No.26410563]

>>26410403
What if he is right tho? I was about dump 10k into BTC but after watching Peter I am not so sure anymore. I don't wanna be worth $0.

[Anonymous No.26410617]

>>26410178
>inb4 the 2020s are the decade of The Schiff

[Anonymous No.26410640]

>>26410563
He’s not right. He should stick to spreading Hayak’s work and promoting free markets. He must privately recognise he called crypto wrong.

[Anonymous No.26410691]

>>26410563
if you really think that a digital blockchain currency is the same thing as tulip flowers, perhaps you should not buy bitcoin.

[Anonymous No.26410747]

>>26410691
if the demand goes zero the value will be zero

[Anonymous No.26410921]

>>26410178
Like every Schiff video

Favorite every Schiff tweet

Dab on newfags

[Anonymous No.26410961]

>>26410640
Hayek is a cucked leftist. Schiff is based like Rothbard and Mises. Irwin Schiff was based too, RIP

[Anonymous No.26410964]

>>26410921
Good goy

[Anonymous No.26410980]

>>26410526
>>26410563
yaa, his other funds did like 10000 % with an asset that meant something in 2010

[Anonymous No.26411005]

>>26410403
>It's evident that he knows he lost. Just playing his role as a troll from now on.

Peter is ALWAYS right. Regardless of whether he owns BTC or not. His primary argument is that GOLD is a store of value and BTC is a ponzi. It's correct.

The same anti-Schiff memes you post prove him right. Gold was $1700 an ounce in 2011 and it's the same in 2021, while BTC fluctuated from $50 to $40K. Gold is the store of value, BTC is a volatile ponzi.

[Anonymous No.26411013]

>>26410961
based hoppe bro
hayek was a communist

[Anonymous No.26411019]

>>26410178
Been listening to this guy since 2011
Schiff is based
BTFOs the fed, big government, leftists, keynesians
He was wrong about bitcoin though

[Anonymous No.26411047]

>>26411005
>Gold is the store of value, BTC is a volatile ponzi.
I'll further add this argument won't make sense to you if you don't have a 7 figure portfolio. you're probably confused

[Anonymous No.26411057]

>>26411013
>>26410961
How was Hayek a lefitst? Isn't he one of the most famous Austrian economists and pure capitalism advocates?

[Anonymous No.26411127]

>>26411005
>>26411047
$1700 2020 is worth less than $1700 2011.

[Anonymous No.26411137]

>>26411005
https://www.youtube.com/watch?v=S333his4q0o

what do you think of that is Peter actually involved in organized crime asset managing?

[Anonymous No.26411169]

>>26411127
You are one of the very few persons that can adjust their thinking for inflation.
Kudos to you, fren.

[Anonymous No.26411170]

>>26411127
that's why gold is up to around 1900-2000 now

[Anonymous No.26411205]

>>26411169
hey I get that too, just his other funds did about 100x in that time lap

[Anonymous No.26411216]

>>26411170
Except that it isn't.

[Anonymous No.26411297]

>>26411216
only temporary. in november it was over 2k I think

[Anonymous No.26411333]

>>26410980
Which funds were those?

[Anonymous No.26411345]

>>26411216
I think schiff's deal is hodling physical gold, which automatically appreciates once delivery is requested (storage/delivery fees ensue), so he easily gets those 40 % more

[Anonymous No.26411361]

>>26411137
I know this is a troll, but I actually watched that hatchet job
They don't accuse him of any crime and they don't name any criminal he did business with

It was basically "he got investigated" and "he walked out of our interview"

[Anonymous No.26411386]

>>26411333
dunno the abbreviations, but I used to frequent his channel and there you get all the info
also an incredibly nice guy

[Anonymous No.26411421]

>>26411386
His show is nice, it's just very repetitive. Maybe once a month is worth to check him.

[Anonymous No.26411434]

>>26411345
Wait so Schiff makes money and his investors don't?

[Anonymous No.26411463]

>>26411361
Yeah it seems like only clueless speculation. Pretty fucking stupid to throw a relatively small bank under a truck like that, I wonder if Peter will sue them because that is a major offense against euro pacific

[Anonymous No.26411469]

>>26411297
But right now the likelihood of finding a trading partner for November '20 prices is pretty much zero so what was in November doesn't really matter now.
These are just technicalities, of course.

[Anonymous No.26411510]

>>26410178
How can we meme Peter Schiff to the presidency?

>using a jewish goldbug to make gold the standard for currency again, to the chagrin of jewish bankers

It's just insane enough to work.

[Anonymous No.26411516]

>>26411434
not really, but he makes them make some nice money while he gets some even lumpier sums

[Anonymous No.26411529]

>>26411463
Schiff did a podcast on it
His theory is that the Australian government is about to bring in all this new money tracking and compliance for the tax office
So they can smear his name so if he speaks out against it noone takes him seriously

[Anonymous No.26411534]

>>26411510
You need to elect him or at least someone true libertarian like Ron Paul but he is too old. Maybe his son Rand?

[Anonymous No.26411549]

>>26410372
You underestimate how tech illiterate most people are. The fact that nigs are buying efferiums was the biggest surprise for me.

[Anonymous No.26411577]

>>26411534
Rand is autistic, Schiff is /ourjew/.

[Anonymous No.26411596]

>>26411529
Well that's interesting. I wonder if schiffs audience is really that big but maybe he is gaining popularity and he is seen as a threat. I think he is soon declared an altright racist conspiracy theorist, because of his comments he made about the BLM protests last summer

[Anonymous No.26411630]

>>26411577
Schiff is not famous enough and too radical for most of the people

[Anonymous No.26411734]

Gold bugs should read the bitcoin standard and make an argument contending with stock to flow in monetary history. The winning money has ALWAYS been the item with a better stock to flow. From seashells to large rocks to silver then gold. Whatever an item happened to be more scarce, and wildly known about which excludes exotic elements more rare than gold, always dominated and devalued lesser more abundant money. Gold was the peak of money for a thousand years and understandably many people simply assume that it is money by default. That it can’t have competition. But then bitcoin was invented and a monetary feature was introduced for the first time in human history. A supply hard cap. No matter how valuable bitcoin becomes, it is impossible to expand the supply of bitcoin, defined as the original chain, past 21 million. Not only that, but production of bitcoin can be increased during higher prices or lowered during lower prices. Gold was so great because its rarity meant that during times of high prices not that much more gold could be mined. Compare that to copper where if prices soared the supply could double in short time. Nevertheless more than 100 billion ounces of gold are produced every year that number WILL go up as higher prices make more expensive mines profitable. Ultimately, there is an infinite supply of gold in the earth and solar system. It’s production is limited only by the cost of technology needed to extract it. A cost that trends down. Bitcoin’s production can only trend down until it stops entirely at 21 million bitcoins.
Gold was a great money for many ages. But its time has passed. Technology moved on.

[Anonymous No.26411805]

>>26411057
He was also Margaret Thatcher’s inspiration

[Anonymous No.26411929]

>>26411596
His dad died in jail as a tax protestor

>>26411734
Not really. I personally still think gold and silver are money, and bitcoin is an asset.
Money needs to have an actual use. Bitcoin has no use, ergo it's a currency.

[Anonymous No.26411935]

>>26411805
How did those guys come up with "hayek is leftist" shit then? Is that only a meme?

[Anonymous No.26411997]

>>26411929
Money is a use.

[Anonymous No.26412150]

>>26411734
>>26411929
something with a hard cap cannot be money because once the hard cap has been reached a liquidity crisis will form forcing people to abandon the currency and it is impossible to make loans with yields in the same currency as the loan
this means that something else, something without a hard cap, that is difficult, but not impossible to get more of has to be demanded as yield

let me give you an example
>21m btc
>10%, 6.3m of btc is loaned out with average yield of 8% and average amortize period of 10 years
>outstanding btc = 21m
>outstanding btc + yield = 42m btc
where do you get the additional 21m btc? what they could do is to require yield in another asset, like gold
this would mean that everyone would be out chasing gold and using gold in their day-to-day transactions, pushing btc to the side
also keep in mind that once 21m btc has been mined miners only make money from transactions - if no transactions are made they will go bankrupt and the network will become unsafe

what will happen is that a liquidity crisis will form and people will simply abandon btc and stop doing business in btc, because they can't get a hold of it, there won't be enough transactions made in btc to protect the network so malicious actors can easily take over and double spend

why do you think we don't do commerce in Rhodium? it's too damn rare, people can't get a hold of it to do the transactions they need to do business and survive

currencies can die just as easily from extreme deflation as extreme inflation

[Anonymous No.26412328]

>>26411935
They probably confuse classical liberalism which is free markets and individual Liberty from a repressive state with BLM-tier so-called ‘liberals’.

[Anonymous No.26412517]

>>26412150
All liquidity crises can be resolved by an adjustment in prices. In your case, the increase of bitcoin’s price which would be seen in a bitcoin economy as an increase in purchasing power. As for your 8% yield, any entity that was foolish enough to promise such rates of a deflationary asset would simply go out of business. You’re assuming that reasonable interest rates in an economy where the fiat currency is massively inflationary would carry over to the bitcoin economy. It wouldn’t. Interest rates would be very low as the deflation of bitcoin would do most of the work for savers.
The reason we would never use rhodium in the old days was because it was rare AND it was physical. Coins would have to be too small to handle. This isn’t an issue with a digital asset.

[Anonymous No.26412558]

>>26410178
This fuck is the least based person in finance. He is always wrong. If you hate money I can see how you would find him as a based individual....

[Anonymous No.26412561]

>>26410178
>making chinese oligarchs who bought early even richer?
It's free market and all that. Why didn't Musk dump his free cash flow into it at 1000? Bezos? Gates?
Crabs in a bucket.

[Anonymous No.26412574]

>>26411929
Cash is an asset though

[Anonymous No.26412584]

With such btc rising a lot of people try to join in crypto and defi

[Anonymous No.26412605]

>>26410221
>kikes vs. chinks
>he's never heard of the Belt and Road initiative.

[Anonymous No.26412667]

>>26411005
There is a happy middle between coiners and gold people. Gold will be valuable forever, BTC ponzi scheme will last for a few years but you can still make money off of it as long as you're not left holding the bag.

[Anonymous No.26413207]

>>26410221

[Anonymous No.26413247]

>>26412517
>All liquidity crises can be resolved by an adjustment in prices
no, it cannot
hoarding is only ever stopped by an influx of the underlying currency
this is why gold has many times been seen as a bane, especially for nations that are trade-locked and have no mines of their own
the hoarding of gold becomes so feverish that eventually gold dries up, it doesn't matter that the gold price keeps increasing and everything else keeps falling in relation to gold - they just keep hoarding it because it keeps going up
this continues until the people abandons gold or gold flows into the country from other countries (with mines) looking to earn arbitrage
gold is still money is because there is no limit - we can always get more, it's just really time/energy consuming
if gold was truly limited - it would have faded into obscurit
>You’re assuming that reasonable interest rates in an economy where the fiat currency is massively inflationary
I'm saying it's impossible to make out loans in bitcoin once the 21m has been hit without demanding something else as yield
it would become a game of chairs and eventually creditors would lose all their yield + much of their principle as it gets dispersed into the economy
>Coins would have to be too small to handle
are you really this stupid?
coins used in commerce have never been .999 pur, they've always had low purity
you could make a rhodium coin with .05 pur, no problem
many countries had silver coins with extreme low purity

[Anonymous No.26413378]

>>26412667

Pointless to waste your time speculating on BTC when you can buy mining stocks.

Bayhorse Silver.