Tag Archives: Wall

Stephen Leeb is probably the most blind, silly, annoying and cluless member of the wall street cheer squad. Peter Schiff owned him in some debates on CNN about a month ago and it was very tough to watch because Leeb is not only ignorant, but unwatchable. He has all the charisma and chemistry of a three legged possum. Does he actually really think the government will make money on the bailout? How completely hopeless and foolish is this guy? I have a better chance of playing quarterback for the Bears than the government has of making money on a bunch of dead-beat, toxic loans they bought from insolvent banks. The reason these banks are INSOLVENT is because these loans are NO GOOD! So how the hell is the government (who couldnt even deliver a bottle of milk) gonna play landlord and make money on them?? utterly idiotic. Peter Schiff is one of the very few pundits who is getting the macro picture right. The only thing he predicted that hasn’t come about yet is the final plunge of the US dollar and rise in Gold. So if his track record over the last 3 years is any indication, that is about to happen very soon. Dollar down, Gold up. Got it? Good. Peace. CJ in California.