People who understand/People who dont

**cottonpicken** · Jul 26, 2008, 16:18

Fastword two years,same man today.

http://www.financialsense.com/fsn/main.html

Shiff is about 20 minutes in on the first hour.

**Fransisco** · Jul 26, 2008, 18:08

Some good interviews, I'd say the second one, the audio only one is the better of the two.

I'm surprised you didn't write him off as a Keynesian.

**Fransisco** · Jul 26, 2008, 19:34

“…we must wait until we have learned by experience — perhaps cruel experience — to trust in the state a little less and in mankind a little more.”

-Frédéric Bastiat

**cottonpicken** · Jul 27, 2008, 09:41

If you liked that watch this.

http://www.youtube.com/watch?v=6G3Qefbt0n4&feature=related

This is part 1 of 8.
Later on they bring in an old coot to argue against peter in parts 7 and 8.
This was in nov 06.
Peter is beyond brilliant.

**cottonpicken** · Jul 27, 2008, 09:42

What would make you say "right him off as keynsian"?

**Fransisco** · Jul 27, 2008, 12:46

You wrote Walter Williams off as a Keynesian and Williams thinking is very much in line with Schiff's.

**cottonpicken** · Jul 27, 2008, 17:55

I dont know if i mislabelled williams or not,i dont follow his work.

I've been following shiff for years and years,along with a number of other analysts who are on the ball.

Thats why its been so easy for me over the past number of years to easily say commodities are going to "pluto".

I understand these peoples "line" of thinking.

Evidence suggests most cant/dont have time/dont care.

Correct me if i'm wrong, but you,Fran may have embarked down the same road of understanding as me(along with a few others that i will not name).

I havent walked as far as the top guys but i do know a few things,and if anyone has any questions that follows this stuff-i'm on my best behavior,when it comes to this.There is no such thing as a stupid question.

That being said,the sheer size and scope of global economics leaves much room for opinion and debate from all people.

I strongly urge people to watch all 8 parts and keep in mind this was nov 06.

Shiff was recommending oil at 17 dollars!
Shiff was recommending gold at 250 dollars!
I bought at 27 dollars.
I bought at 375 dollars.
I own neither now.
For what its worth.

**Fransisco** · Jul 27, 2008, 20:10

I have been thinking this way for longer than you may realize cotton.

**Fransisco** · Jul 27, 2008, 20:55

I'm watching the second clip now and got a kick out of this quote," the purpose of an economy is not to create jobs, it is to eliminate them."

People who understand/People who dont