T Nation

Schiff Predicts Obama Landslide

http://www.thestreet.com/_yahoo/video/strategysession/10444179.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA

Great…another “financial expert” (although I have to admit most of them are pretty good at making money for themselves…)

  1. McCain will win.

  2. And what exactly is supposed to happen when he does? Government shrinks, and we all will be bathing in Milk and Honey in Shrangri-La?

Please…

Mufasa

[quote]Mufasa wrote:
Great…another “financial expert” (although I have to admit most of them are pretty good at making money for themselves…)

  1. McCain will win.

  2. And what exactly is supposed to happen when he does? Government shrinks, and we all will be bathing in Milk and Honey in Shrangri-La?

Please…

Mufasa[/quote]

de·lu·sion (dĭ-l�?�?'zh�?n)

  1. The act or process of deluding.

  2. The state of being deluded.

  3. A false belief or opinion: labored under the delusion that success was at hand.

  4. Psychiatry: A false belief strongly held in spite of invalidating evidence, especially as a symptom of mental illness.

GumsMagoo (Cool nic, by the way!)

I’ve been drinkning that Palin Kool-Aide, baby!

(LOL!)

Mufasa

I am kinda predicting the same thing. Which sux, but I have little faith in the intelligence of the American people.

Hmm… the rest of the title got cut off. It should have read “Schiff predicts Obama landslide…and doomed economy”.

This post was flagged by the community and is temporarily hidden.

Obama also wants to take money from the rich and give it to the poor. We tried giving money to the poor for the past 10 years, and look where we are now.

I don’t know if Schiff is right about the situation being worse than the 1930s, but I do know that all of FDR’s big government programs did nothing but worsen the Depression. It was only WWII that got us out.

I also agree with his take on the dollar: as long as everyone else continues to buy our debt and peg their currency to ours, we’re ok. But as a general rule, things that can’t last forever like that won’t, especially after the Chinese see how foolishly we’ve acted. People in East Asia save 50% of what they make, whereas over here, we spend more than we make. The East Asians will figure it out eventually and stop buying up our debt. We’ll start looking like Argentina.

The American people will learn (just in time) what the chosen one is really all about; and they won’t like what they’ll hear. And they - especially the undecideds - will pull the lever for McCain to keep Obama from the White House.

Okay, I admit it, I’m quite delusional at this point.

But still, one can always hope:

http://pajamasmedia.com/rogerkimball/2008/10/27/the-real-obama-forget-the-constitution-economic-justice-demands-redistribution-of-wealth/

[quote]PRCalDude wrote:
Obama also wants to take money from the rich and give it to the poor. We tried giving money to the poor for the past 10 years, and look where we are now.

I don’t know if Schiff is right about the situation being worse than the 1930s, but I do know that all of FDR’s big government programs did nothing but worsen the Depression. It was only WWII that got us out.

I also agree with his take on the dollar: as long as everyone else continues to buy our debt and peg their currency to ours, we’re ok. But as a general rule, things that can’t last forever like that won’t, especially after the Chinese see how foolishly we’ve acted. People in East Asia save 50% of what they make, whereas over here, we spend more than we make. The East Asians will figure it out eventually and stop buying up our debt. We’ll start looking like Argentina.[/quote]

The Argentine gov’t just confiscated all private pensions; so let’s hope not.

I’m betting on National Socialism. Look how Joe the Plumber and the TV station in Orlando got raped. That’s how Nazis act. National Socialism is a logical outcome from a welfare state.

[quote]Mufasa wrote:
GumsMagoo (Cool nic, by the way!)

I’ve been drinkning that Palin Kool-Aide, baby!

(LOL!)

Mufasa[/quote]

How can you not! Every time I see her pics I get bad thoughts. :wink: