patrick.net

If Schiff is going to run for senate he's going to have to repatriate some of his foreign investments, lest he be called unpatriotic.

Inquiring minds want to know: Democrat or Republican?

Great question!

It is well known that Schiff is a Libertarian, but that label doesn't get you very far in politics. Given the criticisms he has laid upon both the Dem's and Repubs over the years, I bet he runs as an independant.

Republican, but he is extremely independent and more libertarian in his views. Why would party matter? Repatriation of assets? I don't think that will be an issue against Dodd with his ties to firms like Countrywide. Much of Schiff's asset recommendations are commodities anyway.

Hopefully he runs as an independent. It's sad when intelligent people are forced into claiming political party affiliation when they clearly don't agree with the party's objectives at all (see Ron Paul).

I don't see why the interview would be any longer. Schiff and Stewart are actually probably pretty far apart as far as economic policy goes, but Stewart knows that Schiff is a rational and intelligent person whom he wouldn't really be able to have an entertaining debate with (remember, this is a comedy program). In Cramer's case, it's plainly obvious that Cramer is just a self absorbed jackass who doesn't know the first thing about what he's talking about, so Stewart skewered him.

A real interesting debate on economics might be Krugman vs. Schiff. For as much as those guys actually agree on things, you'd probably not get either of them to admit it.

Ask Schiff how his commodities investment have been doing lately. He did extremely well a few years ago but he's lost his ass since last summer. The dollar has not crashed like he promised, commodity prices have tanked, etc. If you bought his books and followed his advice starting last summer, you would be WAY down rt now. Schiff was right about some things but for the wrong reasons. Everywhere I look I still see deflationary pressures and Schiff's investment strategies are setup for a crashing dollar and high inflation. Although I think that will happen I don't see it for a number of years. Invest w/ caution.

I think Schiff's problem is that he doesn't anticipate change very well. He's really good at predicting what will happen if nothing changes, but that's a bit short sighted in times like these.

A good example was his predictions in 2002 that the dow was going to hit 4000 and the nasdaq 500. He failed to predict the credit bubble and the recovery of tech companies following the dot com bubble. If neither of those things had happened, his prediction would have been correct.

So, while Schiff has a lot of value as an economist, I don't think he's necessarily the best person to listen to for investment advice. I'd argue that there's really only one person who has consistently great investment advice, and that's Warren Buffet -- and even he's wrong occasionally.

So, while Schiff has a lot of value as an economist, I don’t think he’s necessarily the best person to listen to for investment advice. I’d argue that there’s really only one person who has consistently great investment advice, and that’s Warren Buffet — and even he’s wrong occasionally.

Kevin, well said. Though even Mr. Buffet has been losing big time recently. It's a tough time out there for everyone.

grywlfbg,

why don't you ask him? Commodities just had the biggest 1 month run in the past 4 decades. Anyone who's stuck to Schiff's strategy had done well. In fact, I dipped into some mining stocks when Schiff called the bottom. They are up 250%. I bought heavily into Silver since October. We know where that is. I bought into Canadian Energy Trusts on his recommendation in February. We all know where oil is. Schiff was begging people to buy into "Skyworth Digital" in his newsletter and in some interviews back in December. The thing is up 250% and pays out 25% on your original investment if you listened to him.

You are still spewing the Mike Shedlock hit piece he published back in January. Fact of the matter is, the second everyone turned on Schiff, it was the best time to invest with him. Meanwhile, Mike Shedlock officially proclaimed it's time to buy treasury bonds again 4 weeks ago....oops. I had an account with Schiff that went down 60% last October. I stuck it out and followed his advice and already erased every loss with my new investments. Oh yeah...and my other stocks that appeared to tank appear to be on their way to recovery.

You don't see high inflation at all? Have you looked at the market in the past 2 months? Astute investors were out of the dollar 8 years ago and it will continue to be the place to be out. Deflationary pressures are meaningless against a printing press.

You don’t see high inflation at all? Have you looked at the market in the past 2 months? Astute investors were out of the dollar 8 years ago and it will continue to be the place to be out. Deflationary pressures are meaningless against a printing press.

At the moment all I see is a bear market rally. Look at charts from the 30's. There were plenty of rallies on the way down - some of them lasting many months.

I bristle against anyone who says they have a "system" for the current times whether it's Schiff, Mish, Krugman, whomever. No one knows what's going to happen or how to "fix" it. The Fed's printing like crazy. The rest of the world is printing like crazy. Credit is being destroyed at a rate never seen before. People have been preaching the death of the dollar forever and so far the rumors of its death have been greatly exaggerated.

More unregulated hedge funds gigging the commodities market, just like always. Nothing has changed.

As far as markets go, if you need something in order to survive, (shelter, fuel, food,) then it should be hugely regulated and safeguarded from over speculation.

Krugman is a nutjob. If you want, I can show some articles written by him early in the decade about how he thought low interest rates were need to "stimulate housing" to lead us into recovery. The guy is clueless and talks out of both sides of his ass.

Mish is your classic snake oil salesman. In fact, the guy is running a commodities fund along side his other fund. He's playing both sides of the coin so he can claim he's right no matter what happens.

Deflation never wins. In fact, the printing presses turned deflation into inflation instantaneously in 1933. I suggest you follow some more credible sources on whether the dollar is going to collapse or not. If you want libertarian minded economists, listen to Peter Schiff, Jim Rogers, or Marc Faber. If you want progressives, listen to Dean Baker and Nouriel Roubini. Fact of the matter is, they all say the dollar is going to get crushed. When other countries print like crazy, it doesn't prevent us from having inflation (just look at the 1970s.) Stocks can be a crappy investment and go up nominally in an inflationary environment. We'll have a pullback in the near future, and they'll print away some more. Inflation always wins if you want it to.