Twitter peter schiff

Donald Trump went on a Twitter rant Friday. There was a lot of news on Friday before Trump went off on Twitter. Jerome Powell gave his speech at Jackson Hole.

Schiff, Euro Pacific Capital's chief economist and global strategist, slammed Saylor's "asinine advice" to hold bitcoin as an inflationary hedge as the digital asset seems to have lost its momentum recently. He has previously trashed bitcoin as useless. Time to pull the plug! Schiff believes gold is a far more reliable asset than cryptocurrencies. He asked Saylor, whose MicroStrategy company owns billions in bitcoin, why they couldn't debate the matter, instead of turning down opportunities to do so. Schiff is best known for accurately predicting the financial crisis, and his forecasts for the economy are closely watched. After Elon Musk's tweets on bitcoin seemed to have an effect on its price, he called investing in the asset a gamble.

Twitter peter schiff

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Schiff, Euro Pacific Capital's chief economist and global strategist, slammed Saylor's "asinine advice" to hold bitcoin as an inflationary hedge as the digital asset seems to have lost its momentum recently. He has previously trashed bitcoin as useless. Time to pull the plug! Schiff believes gold is a far more reliable asset than cryptocurrencies. He asked Saylor, whose MicroStrategy company owns billions in bitcoin, why they couldn't debate the matter, instead of turning down opportunities to do so. Schiff is best known for accurately predicting the financial crisis, and his forecasts for the economy are closely watched. After Elon Musk's tweets on bitcoin seemed to have an effect on its price, he called investing in the asset a gamble. Schiff criticized Saylor's promotion of the cryptocurrency, and said : "I think everything you say to promote bitcoin is nonsense. That's the debate. Read More: UBS says to buy these 42 'new momentum' stocks that are poised to outperform in a rising inflation environment.

Twitter peter schiff

The podcast focuses on weekly economic data analysis and unbiased coverage of financial news, both in the U. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter's commitment to getting the real story out to the world. So much good information, from a modern day Founding Father. Becoming a premium member. Thank you. Same garbage spouted day after day after day. Do you know how much money this guy has cost his investors over the years. This supposed smart guy has been preaching gold and miners since the dinosaurs roamed the planet, or at least the past 20 years. He is always wrong.

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It will cut rates and it will do more QE. Trump realDonaldTrump August 23, At any rate, Trump went ballistic after the Chinese announced their retaliatory tariffs. Trump claimed he could use the International Emergency Powers Act of to force companies to move their supply chains out of China, but he later said he has no plans to do so for now, a point emphasized on the Sunday TV talk shows by US Treasury Secretary Mnuchin and economic advisor Kudlow. My Watchlist. I mean, obviously, that was just a lie. If we have the greatest economy in the history of America, why does it need even more fiscal stimulus? Ironically, Peter said he had heard just the day before Larry Kudlow talking about how well the trade negotiations were going. The president has no authority to simply order companies out of China, but the Act could allow him to block imports and freeze Chinese assets; such action would trigger an automatic override vote in Congress and prompt challenges in the courts. US Markets Loading

This bold statement has ignited a fiery debate across the Twitterverse, with the crypto community seizing the opportunity to roast Schiff's predictions.

Read preview. You can opt-out at any time. There was a lot of news on Friday before Trump went off on Twitter. If the Fed had done its and actually served the American people instead of being the enemy of the American people and served the government instead of the people, had the Fed done its job and not lowered interest rates, then the government would not have been able to run these massive deficits. Search markets. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. Peter Schiff and Michael Saylor slammed each other's bitcoin views on Monday. Peter pointed out we already have an incredible amount of fiscal stimulus. Copy Link. Thanks for signing up! Schiff criticized Saylor's promotion of the cryptocurrency, and said : "I think everything you say to promote bitcoin is nonsense. I mean, obviously, that was just a lie. They have allowed the US economy to get worse. US Markets Loading The CBO just revised up its budget deficit figures and it makes extremely conservative Peter called them asinine assumptions about the economy.