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 Economic & Business News, Reports, and Predictions
 Dave Ramsey on Peter Schiff the Idiot and Irwin Sc
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Ardent Listener
Administrator


USA
4841 Posts

Posted - 08/28/2010 :  20:05:01  Show Profile Send Ardent Listener a Private Message

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Think positive.

darsemnos
Penny Sorter Member



96 Posts

Posted - 08/28/2010 :  20:25:40  Show Profile Send darsemnos a Private Message
What a deceiver he is.
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 08/28/2010 :  20:56:16  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
Wish they did a follow up on this caller. See how much she lost, compared to her father.

Trolling is an art.
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Beau
Penny Pincher Member



216 Posts

Posted - 08/29/2010 :  00:54:44  Show Profile Send Beau a Private Message
what a nut case. this guy has lost his mind.
this will be the way most of the country goes.
I feel sorry for dumb people.

I don`t even like Glen Beck with all his advertising gold.
he is a quack too.

"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government."

Thomas Jefferson
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Delawhere Jack
1000+ Penny Miser Member



USA
1680 Posts

Posted - 08/29/2010 :  15:56:28  Show Profile Send Delawhere Jack a Private Message
Ramsey says that these "people predicting gloom are uneducated..." a few minutes later he says that he has no formal education in finance...

I can't slam the guy too hard, he did play a part in me getting rid of my credit card and paying down the mortgage.....

If only I'd bought gold with all those extra principle payments!!!!!


"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson

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Ardent Listener
Administrator



USA
4841 Posts

Posted - 08/29/2010 :  16:05:06  Show Profile Send Ardent Listener a Private Message
Dave can help a guy repay the banksters but he doesn't have a clue as to how deep we are into this mess.

Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.


Think positive.
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Lemon Thrower
1000+ Penny Miser Member



USA
1588 Posts

Posted - 08/30/2010 :  05:16:27  Show Profile Send Lemon Thrower a Private Message
quote:
Originally posted by Ardent Listener

Dave can help a guy repay the banksters but he doesn't have a clue as to how deep we are into this mess.



ramsey has helped a lot of people get out of debt but he's very arrogant and won't admit what he doesn't know.

401ks are conventional wisdom but a growing chorus are warning against them. rich dad robert kiyosaki recommends against them.

401ks are good in that they are forced savings and have tax deferral. they are bad in that they are hi fee, have limited investment options, are a target for govt taxation, are illiquid, etc.

if you simply assume that the bush tax cuts will expire than the value of the deferral is almost zero. there is no point to deferring taxation until the tax rates are higher. if you think taxes are going up, then stop funding your 401k! whether you take a withdrawl is a tougher question but its the sort of question one should ask rather than dismiss like ramsey does.

Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X


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jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 08/30/2010 :  16:16:10  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
Ramsey may "help" people reduce their debt without being formally trained in Finance, but then again perhaps anyone can suggest paying your bills down instead of buying a new plasma tv as a novel idea to reduce one's debt.
What he did here was disgusting. He personally attacked someone else that he said he had never heard of as a means of building his own self absorbed egocentric persona by spouting dogmatic pontifications from his high horse.
Ramsey was taking cues in his ear then referenced Peter's character as if somehow it is the same as own father, whom Dave conveniently and casually cast a dark cloud over. He called Peter Schiff names etc and in the end wore it on his sleeve and made an example out of himself...classic foot in mouth.

The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.

Edited by - jonflyfish on 08/30/2010 21:22:48
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Delawhere Jack
1000+ Penny Miser Member



USA
1680 Posts

Posted - 08/30/2010 :  17:01:19  Show Profile Send Delawhere Jack a Private Message
quote:
Originally posted by jonflyfish

Ramsey may "help" people reduce their debt without being formally trained in Finance, but then again perhaps anyone can suggest paying your bills down instead of buying a new plasma tv as a novel idea to reduce debt.
What he did here was disgusting. He personally attacked someone else that he said he had never heard of as a means of building his own self absorbed egocentric persona by spouting dogmatic pontifications from his high horse.
Ramsey was taking cues in his ear, then referenced Peter's character as somehow the same as own father, whom Dave conveniently and casually cast a dark cloud over. He called Peter Schiff names etc and in the end wore it on his sleeve and made an example of himself...classic foot in mouth.



Well put.

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson

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jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 08/30/2010 :  21:25:38  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
Thanks Jack. Wrote it so fast earlier that when I took a second glance this eve there were a few words missing etc. So, made a quick a quick edit for readability.
Cheers

The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
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argent_pur
Penny Sorter Member



78 Posts

Posted - 08/31/2010 :  16:53:51  Show Profile Send argent_pur a Private Message
I had a lot of respect for Ramsey...til I heard this

I've read many of his personal finance columns and have never heard him speak with such derision (and about someone he's never heard of!!!) You just have to wonder what it is about gold (or silver) that gets people so bent out of shape...it's just metal after all.

Dave, pull yer head out buddy
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Delawhere Jack
1000+ Penny Miser Member



USA
1680 Posts

Posted - 08/31/2010 :  21:08:58  Show Profile Send Delawhere Jack a Private Message
Maybe he's playing for the other side!?!

Daddy always told me, never trust a man with "chin-whiskers"!

I bet him and Cramer trade notes on a daily basis.

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson

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oober
1000+ Penny Miser Member



USA
1304 Posts

Posted - 09/01/2010 :  11:17:55  Show Profile Send oober a Private Message
quote:
Originally posted by argent_pur

I had a lot of respect for Ramsey...til I heard this

I've read many of his personal finance columns and have never heard him speak with such derision (and about someone he's never heard of!!!) You just have to wonder what it is about gold (or silver) that gets people so bent out of shape...it's just metal after all.

Dave, pull yer head out buddy




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