Economist Peter Schiff challenges President Trump to a debate after Trump called him a loser and a jerk on Truth Social

MSN ^ | Dec 7 | Hannah Collymore

[BobL]

“Greenspan pointed out that the entire financial system was at risk. Schumer praised Fannie Mae and Freddie Mac for making housing loans available for more people.”

Agree on Greenspan. Obviously it was more than just me, Shiff, and that Big Short guy. As far as Bush was concerned, he seemed out to lunch, with his ‘Ownership Society” crap. At least that’s how I remember it.

[MinorityRepublican]

As far as Bush was concerned, he seemed out to lunch, with his ‘Ownership Society” crap. At least that’s how I remember it.

You don't have to like Bush (and McCain) but they did warn about Fannie Mae and Freddie Mac in this particular video from 2005.

[sopo]

if you can get that bag of navel oranges like the one I got for $2.99, don’t miss it, they’re good. God bless and a good day to you.

[Bob Wills is still the king]

“Peter Schiff is annoyed because he’s Deep State.”
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Wrong! Schiff is just another gold and equity hustler who is carrying on his father’s cause of telling Americans that paying their taxes is optional.

Irwin was in prison for a long time over that. His son should be following soon.

[dpetty121263]

Well with Britex going Gold in 2027 the die is cast and they have no choice to save the Dollar.

[Bruce Campbells Chin]

Trump is a billionaire. Yet the economist, Schiff's net worth is only 70 million. The latter is not a bad haul, but it's not multi-billionaire level. When taking economic advice, I'm going to ignore the JV team.

Well by that logic, you should listen to Nancy Pelosi's economic advice over that of because she was wealthier. Thomas Sowell. Or you should listen to George Soros over any of them, including Trump, because he has more money.

[Sirius Lee]

Nah, Schiff is a clown. He’s a blind pig who once found a nut (looked in mirror). If he wasn’t hawking gold, he’d be hawking Shamwow!

[Bullish]

Sorry Pal, President Trump doesn’t debate losers and jerks.

[Svartalfiar]

My former neighbor Earl said he could have gotten $50,000 more for his house if he had sold last year.

China has falling housing prices.

And what do Chinese home prices have to do with ours?

Are you implying falling home prices means we're about to implode like China is?

We bought our house for $240M about seven years ago. Now the neighborhood is selling around $450M. You don't think we're due for a 50%-ish correction?

[Zhang Fei]

SL: [Trump is a billionaire. Yet the economist, Schiff’s net worth is only 70 million. The latter is not a bad haul, but it’s not multi-billionaire level. When taking economic advice, I’m going to ignore the JV team.]

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From the 70s to the 90s, Fred gave Donald $60m unadjusted dollars structured as loans that were forgiven. Schiff started out with nothing. In % terms, Schiff has likely way outperformed Trump, although neither is particularly great at money management, and both are hucksters. Still, Schiff’s gold has some underlying value, where the tchotskes and crypto peddled by Trump are pretty marginal as either products or investments.

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[One notable transaction in 1987 involved Fred Trump forgiving an approximately $11 million loan debt by purchasing a stake in Donald Trump’s Trump Palace condominium tower for $15.5 million. Four years later, Fred Trump sold that same stake back to his son for only $10,000, which tax experts identified as a potentially illegal tax write-off and an unreported multimillion-dollar gift.

Another instance in 1990 involved Fred Trump arranging an illegal $3.5 million loan (via the purchase of casino chips that were never used) to help his son avoid defaulting on a bond payment for the Trump’s Castle casino, for which the casino was later fined $65,000.

Donald Trump had publicly claimed he received only a “small loan of a million dollars” from his father, which he stated he repaid with interest, a claim contradicted by the investigation’s findings. ]