Young Peter Schiff - How to Invest in a Bear Market (2002)

[Stillingon]

This guy really understands the economy...

[johammbass]

A fucking LEGEND! Bravo!

[Rawego]

incredible foresight Peter, but listening to you it's just common sense, if you're a genius of course :))

[jimbo525SE]

I hate to say this, but Peter Schiff was wrong. The down didn't go to 2000. It never dipped below 7000.

[TheBlitz1]

@jimbo525SE That's not the prediction for the bursting of the housing bubble, thats the prediction for the bursting of the bond bubble.

[diurdi]

@jimbo525SE In his 2006 speech to mortgage brokers he tells them that it's largely irrelevant what the DOW is in terms of $, but instead compare DOW the Gold, Oil, Foreign Currencies and other commodities.

[diurdi]

@diurdi And if you look at how DOW has performed vs. commodities and other currencies, it has declined sharply.

[europa]

@jimbo525SE

due to the stimulus (inflation) prices nominally will go up but weighed in commodities they will collapse

Gold/ silver

Oil

and the USD index are the 3 best ways to measure purchasing power

[E11evenz11]

I mean when you're right for the last 9 years I think you've proved your doubters wrong.