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Bitcoin Critic Peter Schiff Wins a Bet for a Gold Coin About Interest Rates - He Predicted Correctly 7 Months Into Future
TL;DR: Schiff won a bet made January 20, 2019 about interest rates which were lowered today for the first time since 2008. Video Proof: https://www.youtube.com/watch?v=uZFWL4FLic4 Many have seen the name Peter Schiff crop up around cryptocurrency forums, mostly related to his steadfast belief crypto can't work. People may wonder why he's important. The title is the reason. While most here would disagree with Peter Schiff on Bitcoin, many (like myself) completely agree with him on other things, like politics, economics, and central banks and their policies. What just happened today demonstrates, in impressive fashion, why people like Schiff (economic adviser to Ron Paul's 2008 presidential campaign) command respect. What Happened The U.S. Federal Reserve embarked on unprecedented monetary policy in response to the Great Recession of 2008, lowering interest rates and pumping money into the system to avert a further drop in economic activity. The head of the Fed at the time, Ben Bernanke, gave no indication he saw the collapse coming in contrast to people like Peter Schiff (and others like Mike Maloney) who warned a large economic problem was coming soon. In other words, Peter went against mainstream beliefs at the time. Peter just won a bet today doing the same thing. Making today's news is the announcement the Federal Reserve will cut interest rates. It's significant for two reasons. First, it's the first time this has happened since 2008, over ten years ago! Second, as recently as the beginning of the year not only did nobody expect the Fed to cut rates in 2019, they expected the opposite, rate hikes and more than one hike. Peter's bet was the equivalent of betting on a horse given the worst odds in a race, but ending up winning. Additionally, Peter gave his thoughts about gold prices. At that time in January gold was at about $1,280 per ounce. The panelist Peter bet against said he believed gold would go down in the coming months to around $1,000. Peter, however, said he thought that it was a slim likelihood gold would go back down to $1,000 and even slim it would go below $1,200. He was right again. Today gold is just over $1,400 per ounce. Follow Peter Schiff here: https://www.youtube.com/useSchiffReport
Symposium with Ron Paul. 11/07/2020 Lake Jackson, Texas. Austrian Economics Research Conference 2021. 03/19/2021 Auburn, Alabama. View All Events . Why I Support Mises. With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of economics. Since 1982, it The following is an edited excerpt from The Money Bubble: What To Do Before It Pops: During a 2011 congressional banking subcommittee hearing, Texas congressman Ron Paul asked Federal Reserve Chairman Ben Bernanke if gold is money. “No,” replied Bernanke, “It’s an asset.” Video of this exchange went viral in the gold-bug community, because the […] When it comes to recognition as “money” and a “store of value,” bitcoin outcompetes gold on its practicality and versatility, said Clem Chambers, CEO of ADVFN and author of the bestseller “101 Ways to Pick Stock Market Winners.” “I could not take enough gold out of the country for it to be useful to me if I had to leave the country; if I was a South Korean and I thought the North Dr. Ron Paul Shares Piercing Thoughts at Consensus 2019: “Get Rid of the SEC” Who ‘Commits Fraud' Legal & Regulation Bitcoin Exchange Guide News Team - May 14, 2019 0 As a former congressman of Texas, a staunch libertarian and cryptocurrency enthusiast, Ron Paul has played a big role in the recent Consensus 2019... Here in GA's 9th Congressional District Ron Paul Republican Matt Gurtler took 1st place in the Primary election. In GA you need 50% to avoid a run-off and this was a 9 way race and Matt took 1st place with around 22% of the vote. He has been endorsed by Rand Paul, Ron Paul and Thomas Massie.
Bitcoin still BULLISH, Ban is Unlikely! Enjin Minecraft Server, Safe Haven Update - Crypto News
US stocks have taken another hit continuing to drop after Wall Street experienced its worst day in 8 months on Wednesday. The plunge has been caused in part by investors' concerns over the Federal ... Enjin Coin just announced the launch of the first blockchain-powered Minecraft server. Mattie will also talk about Ron Paul saying that Bitcoin Ban won't stop the dollar from self-destruction, the ... #Bitcoin approaches critical levels. Potential big move expected before next week, GSI signals $BTC is “overheated,” Ron Paul suggests crypto may play a huge... Ron Paul Donald Trump Goldman Sachs group Inc Arirang News Asian Markets ... this chart shows when bitcoin could reach $1 million - Duration: 6:59. D Rutter 30,142 views. 6:59. Unlike Steven Mnuchin, the U.S. Secretary of the Treasury, former congressman Ron Paul isn’t against big tech, but said it is mostly an issue “when bigness comes from benefits from government ...