http://www.financialsense.com/fsu/editorials/schiff/2009/0129.html

And when does Mish determine the best time to present this piece? The moment after he’s featured in Time Magazine. So his new Time Magazine audience, now view one of the few FED critics (of the policies Mish himself has spoken out against) who actually gets air time on the MSM, is to be ignored, dismissed, discounted and ridiculed. Of course, at the end of his hit piece, we see how Sitka Pacific has performed oh-so-much better then Euro-Pacific, at least by using one Euro-Pacific account in comparison. So Mish promotes himself to his new audience, not by attacking the fraudsters on Wall Street who were facilitators of this mess and/or who lost more money for their clients than Schiff (cough*cough* boone pickens * cough), he attacks one of the few people he should see as an ally in the cause against said fraud and theft. Amazing. But of course, those big guns have big money behind them, big attorneys and little to no honor. So which party would be more inclined to make Shedlock’s life difficult and costly from such an attack? Even if they couldn’t win a law suit? Mike played it fast and loose and safe. In some ways, Schiff is an easy target because of his personality (which can be grating and generates little sympathy, witness the comments of folks here) and in some respects, I think this has been a personal mission on Shedlock’s part. So don’t tell me Mish didn’t know what he was doing, for the first thing his new Time Magazine audience reads, is a comparison of his performance over a competitor. The timing of this attack was no accident. It took time to prepare so as to be released with maximum effect.

Interestingly, as I look at Schiff’s website, I only see Euro-Pacific products being promoted, unlike Mish’s blog which has numerous advertisements well beyond that of Sitka Pacific. Am I supposed to believe that the Time article and his advertising stream has no effect on his opinions? On his motivations?

“Take the king’s coin, become the king’s man.”

Oh, if we all could only be a pure as Shedlock.

And don’t even get me started with the deflation orthodoxy for which Mish has an obsession to defend (as if it was his personal honor on the line). Unfortunately in this case, he didn’t defend it, he merely engaged in an ad hominem disguised as a defense. The deflation/inflation schism is distracting from the true task at hand, which is stopping the madness which will lay ruin upon us all. But why worry about the big picture, when one can pump up their chest, at the expense of another? And some of you take Schiff to task for tooting his own horn, tell me, when it comes to assessing character, how is Mish now any different? Did anyone here watch how Schiff has been treated over the past several years on most of the financial shows? If I was treated the same way, by the financial status-quo, you best believe I would take every chance now to give it right back for all the laughter and contempt.

Time is the great distiller and Mish best hope that after a given amount of time, he doesn’t look simularly as foolish. I wouldn’t be surprised if there isn’t yet another exogenous event laying out there in wait for all of us this year. If it comes to pass, we’ll see how well prepared Mish and his camp were for it. And if they weren’t, maybe Schiff can find that one disgruntled Sitka Pacific client who is just as willing to go running to Schiff, crying about being Mish’s bag holder.

It’s no wonder the conmen continue to win, when those atempting to flush them out and warn the public, are at each other’s throats and their audience is suckered into picking sides.

Thanks for helping to set us back, Mish. I hope those thirty pieces of silver were worth it.

I didn’t read it as an annihilation or slanderous. It was serious. It was unpleasant, but if it was true, so be it.

No I still didn’t buy any today, look at that thing though, down from $295! I can’t figure it out so I’m just going to stay away, the fact that it is at a 52 week low at one point today makes no sense at all to me.