A speech by Peter Schiff on the US Bubble Economy, from a February 2006 Money Show appearance.
Alan Greenspan disliked this video
FROM PETER’S FIRM
I BOUGHT 30k SILVER AND GOLD COINS
15:30 to 17:40 is a brilliant point. Especially the punchline.
It’s always funny how after the fact everyone acts like it was obvious. He was saying this stuff when EVERYONE was under the spell of easy credit and ever-expanding housing values. I think that deserves a heck of a lot of respect because he got it right just for the reasons he mentions.
It will also be obvious after sharp inflation rises happen as he is saying now.
I saw it too, this guy is the real deal, I hope the American people vote for him
There must be some financial incentive for such blatant violations of the Constituion. The love of money is the root of all evil (1 Timothy 6:10), and the president even said the constitution was faulty for not providing for “positive” liberties, or what the government can allegedly do for you (like social security).
I tend to believe most politicians (at least at the federal level) have some clue as to what they are doing. Somebody is coming out on top with these horrible decisions and it is not me, so who do they really work for?
Getting a decent girlfriend is far more satisfying than trolling Schiff vids
great video, Peter Schiff is amazing
Actually, I think the Democrats have no clue that the worst is yet to come… Most politicians have almost no relevant economic knowledge whatsoever lol…
Well, that’s typical, isn’t it? Do you suppose they are waiting until after the election? The Democrats could easily lose the House anyway. These politicians are unbelievable.
Americans should start thinking up new things to produce if it wants to survive as a country. This, and reset the enormous government structure and its foreign policy. We need to reevaluate our values, remember what is right and wrong…
What do you know? Schiff was right again – people did lose their homes! If we understood economics like this, we would not be here today.
The Great Depression can keep its name if we call what we have now “The Bursting Bubbles” or something like that, yet somehow, as descriptive as it is, and dare I say as cute-sounding as it sounds (imagine a child bursting soap bubbles), it does not seem as dramatic as the consequences. Maybe we call it “The Economic Implosion of Freedom” – which applies both to the events and the consequences.
Bill “Carter” Clinton, that is, as Freudian slips may go…
I recently read an article that says that China has “unheard of” levels of exports – they send all their goods to us, or as much as they possibly could. So, watching this from four years ago, what does that mean for us? Not good… they might cut us off, at least to some degree.
Gotta love IOU’s – until they get thrown back in our faces because we do not understand what happened. Quite well done, maybe I can share this somehow.
isn’t it cool that Peter Schiff’s videos has all of 5,000 views, but a Lady Gaga music video has 250,000,000 views. YIKES! …yes, I know there are more kids than adults usually on youtube, but come on. We are in trouble.
George Bush saved it for the end, instead — BAM!
Invest dollars in buying silver and gold.
Why is the gold price getting higher and higher? its the dollar having fewer and fewer value, thats inflation not the other way around!
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