Fast Money's Tim Seymour Mocks Peter Schiff's Ignorance About Interest Rates
- Length: 1:21
- Views: 127
- Author: SchittReport
Most 1st year economics students know that interest rates and the Fed funds rate are set by the Fed. Emm, maybe thats why its called the "Fed" funds rate? Also, that the Fed's main charter is to set interest rates? Tim Seymour laughs mockingly in the background with a "You must be kidding me, idiot" look, while Peter Schiff spews his ignorance. Tim also points out that Peter Schiff has been parroting the same ignorant viewpoint for the past 6 months (actually about 5 years) and that nothing has happened. Peter, have you heard of a place called Japan by any chance - where the Central Bank (BOJ) sets interest rates - and that interest rates have been close to 0% for over 20 years? Funny how charlatan Schiff can label himself an "economist" and "financial predictor" when he dosen't even have an understanding of the most basic economic or finance concepts.
(HD) Fast Money: Season 1 "EPISODE:127" Full
- Length: 1:1
- Views: 3
- Author: bedimqnh
(HD) Fast Money: Season 1 EPISODE:127 Full See full episode at tiny.cc is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on 2006-06-21. Since October 10, 2007, it has broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange. The show originates from the NASDAQ MarketSite in New York City.
Cult Leader Peter Schiff in Classic Psychotic Liquidationist Rant
- Length: 4:56
- Views: 262
- Author: SchittInToilet
Here is Cult Leader Peter Schiff at his inane (and insane) best on CNBC Fast Money. Firstly, the delusional wingnut says his mission is to go to Washington and educate the President, the entire Senate and Congress on economics. Sorry Peter, but I think even the doorman (and his doormat) at the White House are probably more educated than you are. All you have is a BBA from Berkeley (which implies many secretaries at Goldman Sachs are as educated as you are) so I wouldn't really harp about educating people. Then, host Melissa Lee has to ask 3x "what" Peter would do if he is elected to the Senate. Of course, the reason she has to ask 3x is because he has absolutely nothing of substance to say, except this sort of kookery: - Raise interest rates dramatically - Reduce credit dramatically - Ask everyone in the world to dump their US dollars and treasuries So basically, according to Peter Schiff, we should liquidate everything and grind the world to a halt. Great idea. Not. If anyone after watching this video still has doubts that Peter Schiff is a delusional psycho, then I would refer you to watch all of the profiles of the Peter Schiff cult followers I have posted, and pick one of them to marry.
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