Re:America's 1% Has Taken $50T From the Bottom 90%
by parasubvert on Saturday February 13, 2021 @05:10PM
(#26127448)
He was not right about 2008. Saying that “US stocks will crash because of [WRONG REASON]” doesn’t make you right. Anyone that listened to Schiff or invested with him wound up losing a LOT of money.
Going back to the gold standard would not be an improvement. I highly recommend reading Karl Polanyi’s The Great Transformation for an analysis of the problems of the gold standard.
Schiff on Bitcoin:
https://www.foxbusiness.com/markets/bitcoin-is-a-fools-gold-...
Going back to the gold standard would not be an improvement. I highly recommend reading Karl Polanyi’s The Great Transformation for an analysis of the problems of the gold standard.