Peter Schiff Shows You Why You Should Avoid the Media

The main stars of America's financial trash TV are broken clocks and contrarian indicators who deliver the same sales pitch day after day, week after week, year after year. That's what salesmen do after all. 

 

 

Once they've been finally called out for being completely wrong for years, they fight back by changing their talking points to focus on trivial rants, such as when the Fed is going to taper or raise interest rates. And their cult member following always fall for this tactic.

Keep in mind that these talking heads focus on this type of nonsense as a way to distract from their investment failures and lousy predictions.

 

Schiff couldn't even get this right. The guy is a complete failure, so why does the media promote him constantly?

 

On the topic of broken clocks and contrarian indicators, Peter Schiff comes to mind. Schiff has become a very frequent participant in this media dog-and-pony show. He receives interviews every day, and many times multiple times per day from every segment of the Jewish-run media, from CNBC and FBN, to Bloomberg.

He also gets quoted or discussed in in the Wall Street Journal, MarketWatch, Forbes, Fortune, The Financial Times, you name it.

Accordingly, based on the hueg amount of exposure he has received for having a miserable track record, Peter Schiff could be considered the male version of a "financial Kim Kardashian."

For anyone out there who isn't too bright, let me make sure you get the point. That was by no means a compliment. 

Think about it. Schiff runs a brokerage firm, Euro Pacific Capital.

So naturally anyone with a level head would expect him to discuss topics like compelling investment sectors and stocks, valuations, earnings, asset allocation strategies and so forth; you know, things competent financial professionals talk about; the same kinds of things investors tuning into the financial media want to hear about.

Even though he's really only a stock broker and not an analyst, he calls himself Euro Pacific Capital's chief global strategist. But this too is only a superficial designation.

Note that Schiff is often introduced an an analyst, which is actually a violation of FINRA regulations. Although Schiff may not have asked the interviewers to refer to him as an analyst, because he never points out that he is in fact NOT an analyst, I believe this constitutes a violation of FINRA laws.

In my professional opinion, rather than an economist or strategist, Peter Schiff is really a sales and marketing strategist because that appears to be how he spends the majority of his time. I state this with complete confidence because I have been noting Schiff's schedule for several years.

Regardless, surely Schiff has delegated "research" responsibilities to some of his firm's employees, right?  If in fact that is the case, why doesn't Schiff make that point clear. After all, his cult following seems to think he actually does real research. Newsflash: keeping up with what Ben Bernanke and Janet Yellen say, and with economic data does NOT constitute "research."

Despite the fact that Schiff has positioned himself as an economist, analyst and strategist, rather than discussing critical issues investors actually care about like earnings, he's constantly talking about trivial topics, such as whether the Fed will raise rates over and over instead of talking about relevant issues.

Why might that be? 

Maybe, his so-called "research" results are complete dog shit.

Alternatively, maybe Schiff has a set sales pitch based on some ridiculous scenario which never changes; hence the broken clock designation.

Once you carefully examine Schiff's overall track record of predictions, as well as his record of investment performance and you will see why he has been focusing on trivial events instead of discussing investment and economic forecasts.

When Schiff isn't talking about trivial, conspiracy-like topics, he is repeating his open-ended, chicken little rants, while directing the sheep to his completely useless, self-serving books.

 

 

The reason why Schiff focuses on these humpty-dumpty talking points is due to the miserable performance of his mutual funds and his previous track record in just about everything, which has been wrong.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schiff feels comfortable living out this fictional role as a guy who predicted the financial crisis since he receives support and credit for this inaccurate claim to fame from his Jewish tribesmen.

How can a financial adviser claim to have predicted the financial crisis, yet his clients ended up getting steamrolled during the financial crisis?

All one has to do is examine his 2007 book, Crash Proof and they will see why that book did little to protect readers from the crash.

In this regard, Schiff is not doing anything illegal because he knows better than to come out and claim he has a good track record or point to specific calls he made that materialized. It's the media that is commiting fraud by supporting this illusion about Schiff.

In the process of allowing air time to be wasted on his played out, broken clock, contrarian indicator sales pitch, the media continues to allow Schiff to present his worn out, open-ended, irresponsible predictions as if he actually has a great track record.

After he rants his predictable irrelevant broken clock lines, he then tells the sheep to buy his book.

After all, this is what Schiff's rants and scare tactics and appeareance are all about anyway; book sales!

Time to wake the hell up people!

Remember, this is the same man who keeps insisting hyperinflation is coming to the US, and has been making this ridiculous claim for close to ten years now.

Remember, this is the same man who keeps insisting that the US dollar is going to be worthless and has been saying this for nearly ten years now, despite the fact that the dollar has blown past 12-year highs.

Remember, this is the same man who has been insisting that investors stay out of the US stock market despite the huge gains it has made.

Remember, this is the same man who insists that gold is "real money" and that gold is headed to at least $5000 and probably $10,000. Yet, he wants your worthless dollars to trade for his gold?

Remember, this is the same man who insists that gold will preserve the value of your currency and he even marketed this Valcambi gold scam as a form of money and claimed that it would protect the value of your dollars!!

The instant you bought his Valcambi gold, you immediately lost 8% of the value of your currency due to commissions alone.

But that's the good news.

Ever since Schiff started selling the Valcambi gold dog shit, it has lost more than 30% due to the decline in gold alone. 

Once you add in the 8% fees charged by Schiff, you could be looking at a 40% loss.

Remember, that's from something Schiff marketed as a form of currency that he claimed held its value relative to the dollar.

 

 

 

 

Newsflash! 

 

If you feel for this shit, YOU'VE BEEN HAD!

In closing, when you think about what a complete joke Peter Schiff is, you need to remember that the media continues to air him. As well, you need to think abiout the hundreds if not thousands of other broken clock contrarian indicators he associates with.

Remember, if you want to identify the entire crew of con men, always check and see who they are hanging out with; who is on thier blog rolls, who attends the same conferences and so forth.

 

It is a fact that Mike Stathis holds the leading investment forecasting track record in the world from 2006 to current.

Anyone who wants to state otherwise should attempt to submit proof. If they can prove their case they will receive $100,000 from Mike.

We aren’t even asking people to put up any money as a wager so there is NO RISK to anyone who wants to submit what they believe to be evidence refuting the FACT that Mike Stathis holds the world’s leading investment forecasting track record.

 

Below are just SOME of the articles and videos I have previous published, exposing the reality.

 

More Misguided "Forecasts" from Peter Schiff

Is Peter Schiff REALLY Still Pimping the Euro?

Mike Stathis Educates Peter Schiff on Greece (excerpts)

VIDEO: Stathis Schools Peter Schiff in Economics

Mike Stathis Schools Peter Schiff on the Bankruptcy of Detroit

Mike Stathis Offers to Bet Peter Schiff Money that Hyperinflation Will Not Occur

Gold Charlatans Strike it Rich While Their Sheep Get Fleeced (Part 5)

VIDEO: More "Gold is Money" Brainwashing from Peter Schiff

Peter Schiff's Valcambi Gold Destroys Customers' Purchasing Power

Death by Media (Part 1)

The Nonsense from Schiff Continues

VIDEO: Is Peter Schiff Finally Backing Away from His Extremist Claims?

WARNING: Peter Schiff is CLUELESS

VIDEO: Peter Schiff Calls Himself a Buy-and-Hold Value Investor. I am Laughing My Ass Off

Yahoo Finance Hypocrites Criticize Doomsday Clowns

A Look at the Peter Schiff Radio Show

Peter Schiff Was Wrong: Taper Edition

An Important Message from Peter Schiff

CNBC Working with Wall Street to Take More of Your Money

Peter Schiff Exposes Porter Stansberry's False Claims to Make You Think He is Different

Gold Charlatans Strike it Rich While their Sheep Get Fleeced (Part 1)

How Does Peter Schiff Spend His Time?

The Con Game (Part 1)

Gold Charlatans Strike it Rich While Their Sheep Get Fleeced (Part 4)

Gold Charlatans Strike it Rich While their Sheep Get Fleeced (Part 3)

VIDEO: Peter Schiff is a Salesman, Nothing More, Nothing Less

Peter Schiff Continues to Prove He is CLUELESS

Peter Schiff Embarrasses Himself AGAIN With His Dog and Pony Rant and Horrendous Forecasts

Reminder about the Clowns Who Continue to Get Everything Wrong

Delusional Stockbroker Gets Called Out by Media Bimbo

Marketing Disguised as News: Meredith Whitney and Peter Schiff Exposed

Peter Schiff Exposed and the Truth About Gold

Mike Stathis Offers Advice to Peter Schiff's Clients and Points Out His Ridiculous Statements

Mike Stathis Offers to Show Peter Schiff How to Invest Successfully

Peter Schiff Using Amateur Bloggers to Write His Gold Propaganda

Peter Schiff Was Wrong

Even the Mentally Challenged Realize Peter Schiff is Clueless

Peter Schiff Is Too Stupid to Realize He Kept People Out of the Bull Market

Peter Schiff Wants More of Your Money

Yahoo Calls Peter Schiff a Charlatan in His Absence Then Promotes Him a Few Days Later

Peter Schiff: Wrong on the Economy, Wrong on Healthcare (Part 1)

Peter Schiff: Wrong on the Economy, Wrong on Healthcare (Part 2)

Peter Schiff: Wrong on the Economy, Wrong on Healthcare (Part 3)

 

 

The Jewish media crime bosses prefer to simply ignore those who speak the truth and threaten to expose them as the best way to hide the scams from the public.

In contrast, the Jewish media crime bosses continuously promote Jewish con men and clowns who have terrible track records as a way to enrich them all while steering the audience to their sponsors, most of which are Jewish Wall Street and related firms. Figure it out folks. It's not rocket science.

 

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Mike Stathis holds the best investment forecasting track record in the world since 2006.