Troll? Go stuff yourself newbie. I’ve been reading Schiff, SHedlock and dozens of others closely for years. But the facts are clearly laid out in Mish’s piece yesterday, IF you take the time to read it. Schiff is more right than wrong, but he was totally wrong in his “decoupling” theory, and his Euro Pacific customers who put money with Schiff got HOSED last year. That’s a fact.
Try actually reading Mish’s exposition at the link, then get back to me.
Why do you trust Misch? How do you know he isn't as full of smoke as Schiff? Most important, what do YOU think? Don't just read everyone else.
I, as a newbie since 2000 A.D., think Schiff is more credible than Misch because he sees the danger in huge deficits, astounding increases in M1 and M2 and all of the other Ms and, I believe, he is correct in predicting financial and economic disaster.
But, of course, I didn't lose any money in this market so I'm not as passionate about the problem as many. I have taken the necessary steps to protect my assets and I'm waiting to see what happens. Schiff is a smart guy and his past performance is no assurance of future performance. He's obviously learned from his mistakes.
Schiff is a smart guy. Misch is a smart guy. Let's see who's right.