Today, Mike points to a couple of examples of your typical media and marketing BS, compliments of Meredith Whitney and Peter Schiff.
This claim has drastic implications for Schiff, the media and everyone who pays attention to the media.
In the past, I have addressed the errors made by Peter Schiff's analysis of the economy and healthcare. For those of you who are still behind the curve and actually think Schiff knows what he is talking about, (i.e. being more right than wrong) you should question how a man who has no expertise in healthcare thinks he knows how to fix the problems.
Schiff is rarely matched up against anyone other than a yes man. There have been a few times when he has been put in his place. This is one of them. Mike provides some critical commentary in this video.
Folks, if you are going to listen to individuals for your investment decisions, you had better damn well make sure they have an excellent track record and no bias. Needless to say, Peter Schiff has a lousy track record and his views are loaded with bias.
Do you remember when Peter Schiff was telling millions of sheep that the US will encounter hyperinflation so they needed to exchange their dollars for "safe currencies" like the euro? We all saw what happened to the US dollar versus the euro. And hyperinflation never even came close to hitting the US, just as I predicted several years ago. Don't Bet On Hyperinflation Peter Schiff: Wrong On The Economy, Wrong On Healthcare (Part 1) Why Hyperinflation Isn't Coming To The U.S. Dismantling John Williams' Hyperinflation Predictions Ironically, hyperinflation has however reached one of Schiff's main areas he recommends to invest in - Latin America! Unfortunately for Schiff and his sheep, Euro Pacific Capital's Latin Ame...
Why would Peter Schiff appear alongside known fraudster Mike Adams? Could it be because he realizes the Infowars crowd is foolish enough to fall for his ridiculous claims? You know the saying, "you are judged by the company you keep."
From what I can tell, the ONLY thing Mr. Schiff understands about healthcare is the poor design of private medical insurance. The current system does not provide real insurance. It’s nothing more than a system of pre-paid medical, operating with the rules of insurance. And this has created a huge source of fraud by private insurers. Assuming we keep the basic structure of private insurance in place, it should be modified to provide assistance under some catastrophic, emergency situation rather than routine care. However, what Schiff fails to recognize is that by placing everyone on a high-deductible medical plan, most people would actually end up underinsuring themselves. This has already happened. According to a study by Harvard researchers, 68% of all medical bankruptcies (50% o...
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 t...
I just ran across this plea from Peter Schiff in my mail box and I had to make a comment. This is a man who took his 5-man brokerage firm and turned it into a staff of over 100 in less than 3 years, compliments of CNBC and the naive individuals who fell for his hot air.
Although one could argue Peter Schiff has been focusing his marketing rants (i.e. when he is on TV and radio pretending to be some sort of economic and investment expert) on conspiracy wackos for a very long time, it’s now official...Peter Schiff has teamed up with conspiracy nut, liar, gold pumper and con man Alex Jones to deliver his delusional economics and broken clock sales pitch to the gullible fools who tune into Jones. This pretty much puts the final nail in the coffin for anyone still naive enough to think Schiff had an ounce of credibility. Of course, Jones' gullible, low-IQ nut job audience is too stupid to realize that Schiff refuses to acknowledge the US government's role in 9-11. Yet, these "9-11 truthers" as they refer to themselves compris...
Making terrible predictions, recommending stocks that collapse, being wrong up to 95% of the time on economics, while continuing to demonstrate very little if any value as a financial adviser may not be reason for sanction by FINRA or the SEC. But after watching this video, you might be wondering how in the hell Peter Schiff is still allowed to be licensed as a financial adviser.
Lesson #5: Extremists are Always Useless and Often Dangerous Certainly, President Obama is not going about things in a manner I would advise. But Peter, you cannot use his extremist approach (or I should say that of Larry Summers and others who are really running the show) to validate your own extremist views of the “dangers” of prudent and accountable regulation; something the United States has not had in decades. It appears as if Mr. Schiff possesses the same flaw as many others who sometimes hit the target after countless years of shooting. In the meantime, they miss out on many years of easy money. What’s worse, once they finally hit the target, they never hit the bulls-eye due to their persistently extreme views which are centered more on sales and mar...
In the video, Mike educates Peter Schiff on the economics and risks in China, the realities about Social Security, and advises clients of Euro Pacific Capital to pull their funds ASAP because Schiff has no idea what he is talking about. This is a reminder that we just released a video presentation that updates our precious metal and commodities forecast from August. You can find more information about this 1-hour long video presentation here.
In this audio, Mike Stathis tells the truth about Greece while setting the record straight regarding Peter Schiff’s (predictable) ridiculously inaccurate statements and establishment-endorsed propaganda. As you listen to excerpts of this uncut and unrehearsed speech, you’re getting the insights from a man who foresaw the problems with the European Union many years ago, as well as the unique insights only a Greek person would know.
Last year I exposed the chumps at Casey Research, utilizing Jeff Clark as a prime example of the kinds of clowns you see in the financial publishing industry. Clark is the firm's chief precious metals analyst. See here. Recently I also discussed how Casey has created this wave of doomsday propaganda in order to fool naive Americans into thinking that relocating to South America would provide an "escape" from the "imminent disaster" brewing in to United States. See here. The huge wave of doomsday, gold-pumping con men are all the same. They are the ones fleecing millions of would-be investors, using myths, lies, ridiculous claims and psychological tactics in order to take money from their naive victims. Of course, the underlying problem which has made all of this exploit...
Peter Schff receives more media exposure from the financial media than anyone else in the world. He calls himself a "chief global strategist" and is the CEO of a small brokerage firm and gold company. So wouldn't you expect Schiff to be really accurate when it comes to his investment calls and investment-related commentraies? Afterall, he is plastered all over the media on a daily basis, so he must be nailing things, right? Wrong. The facts speak for themselves. And the facts show that Peter Schiff has been wrong the vast majority of time about the vast majority of things. We have documented a great deal of his terrible track record in dozens of videos and articles we have published over the past several years. ...
After having monitored and documented Peter Schiff's media appearances for more than fifteen years, I have accumulated extensive evidence pointing to Schiff as a broken clock and fear-mongering huckster who scares people into making terrible investment decisions using an arsenal of ridiculous rhetoric and bad investment advice. But of course, Schiff would not be able to reach millions of people if it weren't for the financial media which provides him with unfettered access to main street. This points to another critical issue which I have addressed for many years. Top Expert on 2008 Financial Crisis, Mike Stathis Analyzes 2023 Banking Crisis I have devoted a remarkable about of time, effort and energy towards exposing Schiff's disinformation and fear-mongering tactics in ord...
Mike Stathis' $1 million Challenge Can Anyone Match Mike Stathis' Track Record and Insights? As funny as the following video is, we cannot forget that Peter Schiff is nothing more than a broken clock, fear-mongering salesman pitching...
For those of you who are not yet familiar with who I am, my name is Mike Stathis. I am the world's top investment strategist and investment forecaster and I have the published track record to prove it. This is a fact that remains unchallenged despite backing it with a $100,000 prize (recently raised to a wager of $500,000 with 2-to-1 odds so that if you win, you receive $1,000,000; details forthcoming) for the person who can prove otherwise (see the end of this article for some of my track record). Naysayers who are not familiar with me or my published track record might be thinking that it seems impossible that they have never heard of someone who claims to be the world's the leading investment strategist. Those who are familiar with me realize that I was banned long ago by...