That was Jiraiya's theory but Nagato=/=Rikudou Sennin. Also your downplaying Nagato's strength when there are certain factors on why he was beaten but that's for another thread.
Heh maybe a little

but really because I've only made 3 threads since joining. One was a stupid question in Q+S section, a general thread in games section and this one. Thought I'd contribute to the forums some more
Wait so creating the moon wouldn't make it the same size as the moon? Read that first link I posted again. Also we saw the 6 tails use one of his blast against Chibaku Tensei and it looked pathetic when it went head to head. Naturally a fully leashed Kyuubi would have the same effect on a fully powered Chibaku Tensei.
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I consider Nagato stronger then the 1st Hokage and we yet to see Madara abilities but we know he was beaten. With Nagato being a mere shadow of Rikudou Sennin who contained both clan traits it's fair to say he is on God tier. Minato was only Naruto's benchmark for obvious reasons such being his father, Kakashi's teacher and one he looked up to, and his legacy to live up to.
Someone needs to REPRESENT
Like I said, Nagato used the Rinnegan his way and could not wield it as well as Rikudou Sennin. Also Nagato was one of the strongest ninja alive. People have dismissed the Rinnegan because of the Naruto fight but we all know the various reasons on why Nagato didn't win.
'the next generation will surpass the current one' theme is bullshit. Kakashi didn't surpass Minato, no Uchica including Itachi have passed Madara and a prime Hiruzen still looks stronger then the Sannin. Kishi made alot of the old timers look a cut above the next generations. But like I said Nagato(new generation) who was stronger then most ninjas in this manga, admitted inferiority and Rikudou had the best eyes and body. He wasn't some old timer preaching his things.