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Peter Schiff Shared: Powell is wrong. It won’t take 25 years for people to conclude that the Fed made a huge mistake on inflation. To many people that mistake is already obvious. The rest of the population needs more time, but will likely reach that conclusion before Powell finishes his 2nd term.
Community Response: hey old man, take your moldy gold and get out, or turn that moldy gold into BITCOIN.
Cause anyone can copy and paste it? Can you sell it? Because I can. Why would anyone pay for an image they can copy and paste for free?
Solution: With the U.S. running up massive debt & continuously increasing money supply, Bitcoin is a hedge against inflation, devalued currencies, and hyperinflation!
Bitcoin is nothing but a digital token. Been a mistake for many years.
The “meme coin” fixes this and is now the rising Bitcoin.
Personally, I see companies stocking up like the pandemic will never end. When supply overwhelms demand, I think Powell will stand correct. This is a new playbook, and his ability to take time before acting will prove wise.
It will take 25 years to get out of this huge economic, social and political disaster that’s coming. And 100% bitcoin is not the answer and won’t make it better, pre-empting the Maxis.
Schiff Bottom Indicator Works. Every. Time. Thanks Petey. Also Shared: Hey guys, are you buying this dip yet? Or are you waiting for an even larger drop before buying more? I’m talking to you Saylor, APompliano, PeterMcCormack, and nayibbukele. I think my son
SpencerKSchiff is already all-in on Bitcoin, so thankfully he’s likely tapped out.
Looked like the scam miners were gonna close green but they ran out of steam. Only sector down today. I don’t know how Peter does it. He has magical powers.
Powell makes you look like the smartest man in the planet.
Yeah. And you lose the most staying long in the metal. But don’t get me wrong. You got me by long mile. I’ll make it sooner rather than later. Just saying, gold? Hmh? Really?
Peter always goes to his greatest hits (with no evidence) when gold is down bigly.
And how long will it take for you to realize that you’re wrong about Bitcoin ?
It will take a year at most 2 to realize you’re wrong about the sustainability of inflation. When investors buying gold as an inflation hedge capitulate I’ll probably be a buyer after all it does maintain its purchasing power.
I love Jerome Powell. He is the single most important person in this world. He is the only one who can save our portfolios.
The only mistake is you holding your gold. We agree on the finding but not on the solution opt out Bitcoin. It’s obvious to everyone hodling bitcoin. The Fed just poured gasoline on the inflation fire.
Worldwide recession is inevitable, he simply prolonged it. Congrats Peter. The reversal in the miners should be bullish. Peter wins. Although he always wins. It is his clients that take the losses.
So, you are saying we should buy more Bitcoin? How do they continually stay behind the curve? You think they would look back at the last time these things happened and learn.
You could already hear it in the tone of the questions asked.
That narrative doesn’t work for the bag of gold you are holding.
