The92ers Profile Banner
Peter Schmidt (The 92ers) Profile
Peter Schmidt (The 92ers)

@The92ers

Followers
8K
Following
19K
Media
13K
Statuses
27K

Who caused the financial crisis? The confederacy of dunces! See the list of these 50 people as well as a look at the causes of the crisis. https://t.co/unkGS7EQSt

Sugar Land, TX
Joined May 2018
Don't wanna be here? Send us removal request.
@The92ers
Peter Schmidt (The 92ers)
5 days
@BradHuston
John Tuld
5 days
My friends and family have looked at me as a mental patient for more than 10 years when trying to explain to them that government sponsored silver shorting has been the key to holding the price of gold in check which keeps the public believing that the U.S. Dollar is fine. I lost
1
0
6
@The92ers
Peter Schmidt (The 92ers)
6 days
@SJosephBurns
Steve Burns
8 days
“If you spend 14 minutes a year on economics, you just wasted 12 minutes.” — Peter Lynch
0
2
3
@The92ers
Peter Schmidt (The 92ers)
6 days
"Choose now what you would wish to have chosen at life's end." St. Anthony Mary Claret https://t.co/zqxhoNLjHg
@BoringBiz_
Boring_Business
8 days
“Ask yourself who you would want to spend the last day of your life with and then meet with them as often as you can.” This one stuck with me. Incredible advice from Warren Buffett
0
1
2
@The92ers
Peter Schmidt (The 92ers)
6 days
Jessie Livermore, 'when right, sit tight.' https://t.co/lJkXWxvqgm
@QCompounding
Compounding Quality
7 days
“Most successful investors do nothing most of the time. Do not confuse movement with action. Know when to sit and wait.” - Jim Rogers
0
1
3
@The92ers
Peter Schmidt (The 92ers)
12 days
Wilhelm Ropke on the prerequisites markets require; markets are unable to spontaneously generate them... https://t.co/mO3L1FuTFB
@FAHayekSays
F. A. Hayek Quotes
13 days
Hayek was asked to leave “a statement for the future generations.” His response is brilliant: “Modern civilization which enables us to maintain 4 billion people was made possible by the institution of private property. It is only thanks to this institution that we achieved an
0
1
2
@The92ers
Peter Schmidt (The 92ers)
12 days
Bernanke March 2010 A driver behind QE was to make the rich richer and generate a wealth effect. His words, not mine. https://t.co/AexOsI8QQS
@Geiger_Capital
Geiger Capital
13 days
Scott Bessent on the Federal Reserve: "QE led to a two-tier economy, where either you were an asset holder or you were left behind. I called the Fed the ‘engine of inequality’."
1
2
6
@The92ers
Peter Schmidt (The 92ers)
13 days
The best economic performance of the depression era perfectly coincides with the central planning endemic to the New Deal being declared unconstitutional (Schechter Poultry case) https://t.co/dnjvBONncU
@BasedMikeLee
Mike Lee
13 days
FDR was a tyrant And he didn’t end the Great Depression He prolonged it
0
1
7
@The92ers
Peter Schmidt (The 92ers)
13 days
Only thing that explains the US getting involved in WWI is to protect loans made by American banks to England and France. It's exactly why William Jennings Bryant resigned as Secretary of State. https://t.co/rs12KyIKgd
@SlavicNetworks
Slavic Networks
13 days
🚨BREAKING NEWS🚨 🔥🇪🇺🏦🇭🇺🔥HUNGARY REVEALS WHY BRUSSELS IS ESCALATING: “EUROPEAN BANKERS WANT WAR — TO RECOVER LOSSES FROM FAILING TO DEFEAT RUSSIA.” Budapest — Hungary has issued one of the most explosive accusations yet against the leadership of the European Union, directly
0
1
6
@The92ers
Peter Schmidt (The 92ers)
13 days
It goes back further than 2020. For decades wealth was being more evenly distributed - which is exactly what should happen with the division of labor. That benevolent development ceased in the immediate aftermath of 15 AUG 1971. https://t.co/o9RMXQRHUp
@steve_hanke
Steve Hanke
13 days
Yours truly on the US Federal reserve :  “At the start of 2020, billionaires’ wealth was 14.1% of GDP. Now it’s 22.7%. The biggest creator of income inequality in the United States is the Federal Reserve.” THE FED = AN ENGINE OF INCOME INEQUALITY.
1
1
5
@The92ers
Peter Schmidt (The 92ers)
14 days
"Democracy is two wolves and a lamb voting on what to have for lunch." Benjamin Franklin https://t.co/A0370lsBJ6
@MiltonFriedmanW
Milton Friedman Quotes
14 days
“We would all like to see government spending go down, provided it is not spending that benefits us. We would all like to see deficits reduced, provided it is through taxes imposed on others.” — Milton Friedman
1
1
2
@The92ers
Peter Schmidt (The 92ers)
14 days
To liberate this village, we had to destroy it. https://t.co/vw72RDh4m1
@LauraBabcock
Laura Babcock 🇨🇦
15 days
So much love across other platforms for this clip saying that the rise of right wing authoritarianism and white nationalistic hate movements need to end in 2026 🇨🇦
1
1
0
@The92ers
Peter Schmidt (The 92ers)
17 days
The most important pedal when it comes to the creation of money is the brake, not the accelerator. The world is waking up to what happens when there isn't a meaningful brake anymore. https://t.co/DEHSugGvNQ
@DavidLe76335983
David Lee
17 days
Forget about a recession Ray Dalio “We have something much more profound” We are having a breaking down of monetary order We are having profound changes of our domestic order We are having profound changes in the world order
1
2
5
@The92ers
Peter Schmidt (The 92ers)
19 days
For the average person, all problems date to World War II; for the more informed, to World War I; for the genuine historian, to the French Revolution. Erik von Kuehnelt-Leddihn
0
1
3
@The92ers
Peter Schmidt (The 92ers)
20 days
There's Friedman, but also Hans Sennholz; The fallacy of the government owning something that is not derived from its subjects... https://t.co/dTigqORl7L
@RealRickRule
Rick Rule
20 days
so simple, so mis understood
1
1
4
@The92ers
Peter Schmidt (The 92ers)
21 days
Friedman's passionate arguments extolling the free market are to be applauded. However, he insisted government have complete control over money, thus ensuring the free market he desired would never come into existence. https://t.co/XfDcDiJxSc
@MiltonFriedmanW
Milton Friedman Quotes
22 days
“Nowhere is the gap between rich and poor wider, nowhere are the rich richer and the poor poorer, than in those societies that do not permit the free market to operate.” — Milton Friedman
4
1
7
@The92ers
Peter Schmidt (The 92ers)
25 days
At one time - before it became riddled with ridiculous mathematics and charts - economics was considered a moral philosophy. As Ropke states, capitalism relies on a moral foundation. Capitalism is unable to create this moral foundation. https://t.co/LgH3JZXRIu
@sfliberty
Students For Liberty
25 days
Your professor says capitalist theory is based on "pure selfishness and greed." Actually, the father of capitalism despised greed. He wrote an entire book explaining why societies collapse without sympathy, trust, and moral foundations. Here's the Adam Smith they refuse to
1
0
2
@The92ers
Peter Schmidt (The 92ers)
25 days
Fed purchasing assets again? But here's Ben Bernanke in March 2010, telling Congress the Fed will get the balance sheet back under $1-trillion. (1:04 mark) #ENDTHEFED https://t.co/yVHlMypFmR
0
1
1
@The92ers
Peter Schmidt (The 92ers)
26 days
Yukon, Yukon. What is the latest from the silver pits? How about those silver miners? #silversqueez #silver
0
1
3
@The92ers
Peter Schmidt (The 92ers)
27 days
The people at the time didn't feel that way. In the 1938 election, New Deal parties lost almost as many house seats as the Republicans did in 1932. https://t.co/yX8IgzIeuH
@GeorgeSelgin
George Selgin
27 days
If you really want to know whether or not FDR’s policies helped end the Great Depression, one of the @WSJ’s ten best books for 2025 happens to be entirely devoted to answering that question:
0
0
2
@The92ers
Peter Schmidt (The 92ers)
27 days
What prices have spiraled most out of control? Medical care, college tuition and housing. What three markets is the government most involved in? Medical care, education and housing. It's not a coincidence. https://t.co/Qs4CIXZm1r
@profstonge
Peter St Onge, Ph.D.
28 days
As soon as government helps pay for something the price explodes. Heaven help the taxpayer if they make it "free."
2
0
2