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By the Way

In case you are wondering “who’s this Peter Schiff guy and why should I be listening to him?”  Take a look at this little highlight reel.  It’s really quite compelling the way these people were all laughing at him and treating him like a kook.  These are mostly people with pretty sensible mainstream economic views whom I generally respect (Art Laffer, Ben Stein,  Stewart Varney).  Modern macro really conditions you to lose sight of fundamental economic reality and focus on things like what “big guns” the central banks can fire to “stimulate” (manipulate) the economy.  Watch this twice, it’s even funnier the second time.  And pass it on to everyone you know.  For the record, GLD is up 46% since that interview while both of the stocks Charles Payne picked are all gone (poof).

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