Art Laffer Predicting Economic Collapse 2011 - NewWaveSlave.com

[weemagick]

7 days left we better get a move on with the whole collapse thingy

[shandcunt]

Art Laffer said in 2006 that the bush tax cuts will lead to a booming economy......

[milos080878]

peter Schiff got him by the balls.PaY THE MONEY U OWE TO PETER,MR Laffer

[34payton1]

Laffer is a moron!!! Search Peter Schiff vs. Art Laffer. He has no clue and needs to just go away.

[32958Dan]

I am one of the 53% that pay income taxes,, time for that bottom 47% to pay somthing. Its easy to say raise taxes when you dont have a dog in the fight. . the top 5% provided 95% of all the jobs in America. We take that money from them, they will cut there overhead or raise prices or both to make up the differnce. Any one who has every actually ran a company knows the best way to cut cost is to cut payroll. New regs & taxes will be passed on to the consumer. Be careful what you wish for !!!

[sumkunol]

Art Laffer = obsolete. I doubt he even believes with any certainty what he says is the state of affairs these days. Just another windbag with a chequered track record happy to be right some of the time in the futile attempt to present as relevant and avoid real work.

[blaze0262]

Art Laffer is such a joke. He argued that we weren't headed for a "recession" in 2008. Well, he was proven wrong and I certainly wouldn't take any investment advice from this guy!

[slavisa7]

THIS CLOWN IS MAKING PREDICTIONS AGAIN???? ARE YOU SERIOUS??? I THINK HE NEEDS ANOTHER LESSON FROM MR SCHIFF

[MoarGhosts24]

you cannot trust anything US media says

[WAKEUP2XXX]

didn't peter shiff..... educate this sucker! what a joke now he sees the light lmao...

[bmay1000]

@WAKEUP2XXX

peter schooled many of the new "economic experts" LOL. at least hes opened his eyes now. might have been a different story if his beloved republicans were in power though.

[creptoin1]

I would like to see the government just STOP doing things, get your house in order and then just STOP!

[vincentca2004]

India and China are not a big enough global economy......lololololololol

the USA is the Debtor of the world...can somebody shake these people to wake them up from their illusionary dream!!

[hurting]

This guy is a political hack and advocate for the rich, not a legit economist. Look at his track record.

[Welsh77]

@kadennis66 art was wrong about the impending collapse, no doubt about it. but dismissing his work because of that alone is stupid. schiff was a in a tiny minority, not many people saw the mortgage crisis coming. that really wasn't the problem anyway, it was the illiquidity of banks in 2008 due to shitty contractionary monetary policy throughout late summer of 08. the last thirty years have ushered unprecedented growth and increased living standards for the poorest in america. its fact

[Crackisthe]

I'm feeling fine right now

[BonniePLC]

Art....He sure was right about the inflation.... a year later im living proof

[kadennis66]

This prick told Peter Schiff he was full of shit 5 yrs ago. He is also a "Reaganomics" adherent. I wouldnt take his advice on the weather much less economics. Look what the last 30 yrs have done to the U.S. economy. What a hack. These talking heads on tv dont have any grasp of reality anymore.

[Salvysahagun]

And this is the same guy who told peter schiff their wasn't gunna be a recession?

[GeorgiaKev]

@Salvysahagun Yep.



[folksyblues]

stupid

[dennisjo88]

and that all for thw mighty elite that have that agenda ,,, with that o so nwo witout us anyway

and there plan is sycceded ...

yhat is a positive story

[dennisjo88]

is it so hard to accept the real truth!!! , that is there is no economi uprising , there is no jobs that being created....the war in libiia is not becautse of humanrights our . but the only war what it is for everybody is ww3 - with russia and china ,, and that is a war that is gonne end exact that we fear the most doomed , nukes , biowar ...

end it is ........and dont spending time ar the info hahaha it comes to us

[liesrbentruth]

@powerofthroughts elephants are flying and all the people that panhandle me at the store think you are totally correct!

[papayadr]

What "BALLS' this guy is a total idiot, I would have hate to have been one of his investor clients! See Peter Schiff v Art Laffer video where he totally said the complete opposite. find another job maybe - spin Doctor?

[MrRick5690]

OK dick head what are you selling????

[Jai666666666]

Most American citizens eat around 3000 pounds of food per year.Now, if we start a program on all the media to encourage cannibalism Nation Wide,we could bring the population of the United States of America down to 30 million people in just one year! Summer is here now people, invest in a BBQ and invite the neighbors for lunch! If you can afford a few shares in Kraft BBQ sauce and other condiments,not only you will help USA find it's old glory on this diet, you'll be filthy rich! Bonne appétit!

[asianfrenzy666]

ART STILL OWES PETER SCHIFF HIS PENNY! FUCK YOU, ART!

[jazzeffc]

art has only changed because its a democrap president.

[xXnicepaulll]

Art you arent fooling anybody. You owe that penny to Schiff + interest for stealing the prediction he made to you 5 years ago.

[nowheretosit]

Maybe Art Laffer has wised up. He probably gets his forecasts from reading Peter Schiff now.

[702dirtrider]

Search Youtube for this video - Peter Schiff Was Right 2006 - 2007 (2nd Edition) . Peter Schiff actually predicted the initial collapse and Art Laffer tries to ridicule him and tell Peter how he's wrong lol.

[MrWhatsgoingon2day]

Yes people jobs have grown a smigett....and yes it is because of private sector businesses primarily....but ask what type of jobs these are...which I'm not hearing anyone ask....these jobs are mostly for temporary empolyment! Why would employers put together a permanent position after taking in account the economic state we are in....which is very uncertain! My point...."jobs really haven't grown any and our economic state is following a big smoke screen in front of it"....wake up! Come2getha

[TwiztedAnimator]

Art Laffer? in 2006 he was saying that everything was great! Now he is "Predicting" the economic collapse? What a dumb ass.

[gimmie1261]

luv 2 watch him get owned by Schiff. What an idiot. Gigot is an idiot x 2 for asking for his opinion.

[AlexOlinik]

Watch the debate between Perter Schiff vs Art Laffer. Laffer is a freaking idiot. I can't believe anyone be wasting their times interviewing this first class moron.

[makeithappen42zx]

Most are trying to predict inflation based on the large increase of the monetary base. Anyone that thinks this way is lacking economic understanding of how inflation works. The real indicator to watch is M2 because it reflects the degree to which the currency has actually leaked out into the consumer economy. Monetary Base includes the amount in reserves. This is why we don't see the level of inflation predicted by so many by now.

[RealHarrySeaward]

@itubenowplease

"double dip my nuts in your mouth" - haha well put but the rest of your comment not so much.

[RealHarrySeaward]

Art Laffer = Pwned Noob!!!!!!

[bphil67229]

Well, I think we should relook at what Art has to say.

[ericdora28]

USA can made use of Japan earthquake chance to regain USA economic energy as well as helping Japan to solve house rebuilding problem by allowing as much emigrant as possible from Japan if each Japanese can own/buy a house in USA. As Japan is USA's partner, I think it is more easier to exclude terrorists while deal with application for emigration. Two birds with one stone, this can solve both countries' individual problem at the same time.

[theoaristi53]

Ηere in Greece we are in a big trouble. In my city there are many shops closing down resulting in the increase of unemployement. Even a big shopping center is having problems. The company who built the new local's team stadium (AEL FC ARENA) went bankrupt and all the works around the stadim have stopped...There was supposed to be a big shopping center with restaurants and cinemas inside.I m so scared..

[41elliott]

@theoaristi53 It's happening here in my American town as well....The same exact thing. I saw where you guys had rioting in the streets recently as the bailout money is running out.

Stock up on food and supplies....

[theoaristi53]

@41elliott Ι have stored food and other supplies. My parents house is up in the mountains so if something bad happens I ll stay with them...Surely we can grow some vegetables and go hunting.. God bless us all.

[41elliott]

@theoaristi53 Capitalism will always survive my friend...it's just going to be a long period of adjustment. The wealthy are going to try to exploit the lower masses as long as they can.

I own a pizza and ice cream shop, and I know this summer could be my last for a while.

[theoaristi53]

@41elliott Food is always on great demand so dont worry and wish you all the best.....I m an electrical engineer and work as part-time in a company that makes control panels. Engineering sector is really really bad in many European countries....Feel free to see my other videos..

[melosebrainuhoh]

How did this idiot ever come to be seen as someone worth listening to? About anything?

The U.S.'s best hope is to go back to the way we did things of the mid 20th century: protectionist trade policies and a more progressive tax system. Instead we're letting the uber-rich ship jobs overseas to people willing to work for slave wages, and pay little tax on their ill-gotten gains. And low-income, Faux News watching idiots defend them, thinking they'll be rich someday too. It's pathetic.

[chireau]

"They" cannot say it's going bad, since it will just spin the downward spiral even faster than it's going anyway! (they being liars, put a president or prime minister name here).

[realchron]

We need to get rid of the banks. They are the true slave masters of this earth. Money is debt from the moment of creation and must be eliminated. We need to survey the resources that we have available to us and build indestructible products. We already possess all of the technology and resources to feed, clothe, and shelter every human on the planet and quadruple the population. Its all here for us people. All we need to do is get 7 billion people to call in sick tomorrow 

[JohnLeeMD]

If this bozo is predicting economic collapse in 2011 just like he predicted no problem back before this all started, I suppose we should all be happy at that prospect!

[sailingwest]

@thetophawk lol that made me laugh ,thanks

[Beulah502]

YEs, it is the deficit stupid

[TheIxtlan]

Don't worry about US economic collapse because I saw in the news that Judgement Day is on May, 21, 2011 and they say also the End of the World is Oct. 21, 2011.

Since we are all doom this year, we might as well not worry about anything. Enjoy life now.

[babycat960]

@TheIxtlan hahahahah!!!!!!!!! true that dude

[TheIxtlan]

@babycat960 people should not worry about the economy because there are rumors world war 3 might occur this year.

HERE IS MY PREDICTION FOR 2011 WORLD WAR 3 STARTS 2011.

[balbahut0g]

ART LAFFER...... in the idiot box as usual

[KeenCommonSense]

zeitgeistmovingforward(dot)com­

[222Miller]

What a Fucking Loser

[wph00]

Hate to say it but I agree what ever they want to call it....its bad!

[eskinder3870]

Art Laffer is a shit head. Back in 2007 he was laughing at Peter Schiff. Now hindsight 20/20, he is repeating Peter's words. What a joke.

[stixin2000]

great video, GET PREPARED AMERICA!

[girard1973]

I say shut off the electric for 6 months! No TV, no press. I believe this mightl save America. Our brains might start to work again by not having to hear a bunch of morons fill our heads with their ideas. All of a sudden we start to think and maybe then we can fix this mess.

[texndaisy]

so you WERE listening to Peter Schiff afterall !! you owe Peter Schiff a penny and an apology.

[betteryetcrazy]

this is the man who said bush's "monetary policies are spectacular".

[delanogaston]

@betteryetcrazy His monetary policies ARE spectacular, and so were Reagans. They pretty much had the same agenda in fact. It's called trickle-down for a reason...it takes time. There are no quick fixes. It was CLINTON who raised taxes and started the credit/mortgage debacle that lead to millions of foreclosed homes and the inability for small businesses to get loans.

[quickmike]

@delanogaston Although tax rates decreased under Reagan, spending and federal debt skyrocketed under him, so all the good he did by saving the tax payer some cash, his administration (along with congress) did nothing to reduce the national debt. Instead of paying down debt, they said "hey, what else can we spend all this cash on?"

They got it half right but NOBODY in government will get the spending down. Its impossible at this point. We're screwed.

[hopemccoy]

What an embarrassment to see this guy talk about a recession when 4 years prior he laughed at Peter Schiffs prediction of a collapse! Too little too late, Laffer!

[BullionLimitedotcom]

blaa blaa blaa - no if, about a collapse

Its all about when!!! they keep trying to hold it of, but we have past the tipping point,

The count down has started. 10,9,8,7

[zenmachinefilms]

Does Laffer even watch the news? The Bush tax cuts he talks about ending were extended. He also seems to think that everyone in America is a savvy investor and tax expert shifting investments, etc. Sorry Art, but most people in the US are broke. Even those that are working have almost no money left.

I do generally agree with his assertion on a flat tax however. I'd like to hear him talk more about that, as his ideas differ quite a bit from what Steve Forbes advocated.

[Rensune]

SCHMUCK

[shanehaffey]

actually it started with the "New Deal" that ignored the constitution and gave government the power to recklessly create massive debt. Track the history of the U.S debt right back to that era. This isn't rocket science here. Each president since Roosevelt has contributed to today's crises. Some more, some less.

[robert4you]

The problems in the American economy did not start with Obama, Bush or Clinton. It started during the Nixon era in the 70ies. If one study the U.S. economy closely, one can see that there are massive structural and systematic failures everywhere within the financial and economic area. Take the banks for instance, they have 200,000 to 400,000 billion dollars just in derivatives debts - no one knows for sure. There is no quick fix, it will take at least 20 years to turn the U.S economy around.

[bigchickenfu]

Raisin taxes during a severe recession. That's like chokin' someone having a heart attack

[RayAir1]

We're in a DEPRESSION, not recession.

U.S MEDIA = LIES and PROPAGANDA

[burnt62]

The real problem for the UK and the US is that we buy too much from abroad and never actually wonder what we produce. We have lived beyond our means for too long and now the chickens are coming home to roost. Difficult time for the UK and our Amercian cousins in my own humble opinion. Tax and spend does not work unless we have an almighty war to accompany it. I hope I am wrong.

[YerJob]

so when all that cognitive dissonace finally breaks down as reality hits them in the face for the first time i n years, do you think americans will totally kill each other?

[StatelessRich]

We had a bubble economy in the 90s.

[michaelandolga]

Art Laffer has his head so far up his ass that he required emergency surgery in order to grant this interview. Follow Peter Schiff, not this douche. Peter verbally bitch slaps this sorry excuse for an economist and exposes the real truth: Art knows less about economics than the average man on the street.

[ajmprovidence]

i just watched a video of art laffer talking to peter schiff like he was stupid when schiff said the collapse was coming. this guy has no idea what hes talking about

[derfilmmacher]

Laffer is a schill. He has always advocated cutting taxes for the rich and putting the burdens on the middle class. As David Stockman admitted the Republicans bankrupted this country. Obama inherited a huge deficit because tax revenues collaplsed 40% under Bush. Yet, he blames Obama for the Bush Depression -Laffer is a used car salesman dressed as an economist selling poverty to the working class. Even Laffer's hair is fake.

[frequenceez]

Equities sharp rise until Feb 2011 then minor crash probably internet terrorism from hackers, then market up to around June then bear market starts...from there on total collapse in August 2011. Things will be happening so fast in 2011... 2012 is real the world is changing...the principles of money and corporatism are coming to an end..This stock market rise is just forming a head and shoulders pattern (look it up on charts from 1930) that will lead to the markets down to zero (0). God help us

[life0is0just0a0ride]

Laffer is a joke. Since Schiff told him whats what in 08 he just repeats everything Schiff says now. What a Douche.

[dayroemer]

Laffer the johnny come lately to the party.I bet he was drinking Merlot with Paul Krugman when Shiff called him out in 2006.Admit it Laffer.You blew it.Shiff and Rubini saw the warnings.

[dayroemer]

Shiff was and has been on Ron Pauls side from the beginning unlike Laffer.The problem with Laffer is he still likes govt interference unlike Shiff and Paul.Laffer is not a true believer in Austrian Economics and he still supports the 16th amnd with the income tax while Schiff and Paul do not.Laffer is bent on a flat tax but as he knows we had one.It never lasts.The only cure is repeal of the 16th amnd and in it's place the Fair-Tax.

[WALLY487]

This how they fucking brainwash people, throwing all this bunch of bullshit out in the media till people start believing this shit.

[TylerThrashPeace]

this guy is insane! i say that because his emotions block him from the truth. he was brutally proven wrong by peter schiff back it 2006 and he said during the 2008 and 2009, the economy would be doing great, the housing market would still be better than ever and that wealth would continue to grow for all americans. was he right? no Arthur, you failed at your job during that time, you failed, you made it worse and hurt many people. you should stop doing what your doing, for the safety of america.

[drahm33]

momentum? The debt is climbing, dollar is dropping, gov spending is upp, & no jobs. things are not getting better!

[magprob]

By keeping their currencies artificially weak, Mr. Bernanke argued in Frankfurt Friday, China and other emerging markets are allowing their economies to overheat, preventing trade imbalances from adjusting and worsening what he called a "two-speed" global recovery.

Their "strategy of currency undervaluation" is preventing more "balanced and sustainable" global growth, he warns, echoing a view expressed by Obama Administration officials.

The Global government isn't working?

[MACKATTACK1970]

Arthur Lafffer? Really, this video has Arthur Laffer who just a short time ago predicted that everything was fine and we are financially strong and the naysayers are wrong, is that the same Arthur Laffer, LOL.

.....

Hey Arty, did you ever pay that penny you owe for getting the economy so wrong that a child or a monkey could have made a better prediction by throwing a dart on a board of balloons?

....

Folks, look up this moron before you listen to this moron.

[squared34red]

Why is anybody listening to this monkey? Jesus, Art your puppet strings are still visible.

[MACKATTACK1970]

@squared34red

....

squared, either people are not aware of this idiots previous predictions or they are starving for information. It is nice to see Laffer as not only a moron but as a thief of others ideas.

[Tomta20012]

Art Laffer is not an optimist, just really stupid, and now he is a info thief

[Ernster86]

Art Laffer shutup! Nobody respects you anymore. You were so blind to the 08 crash so now you think you can just jump on the shiff bandwagon? Pathetic!

[GSG17]

This is a bunch of BS!! 

[RandallSteen]

What are they smoking?

[62636263c]

momentum, momentum, what momentum are the talking about? Both of these guys are nuts and have their heads in the sand or are out right liars.

[bob78145]

Art Laffer, you look like a idiot and talk like one too!! You should be ashamed for saying that after saying the economy was hunkydory last year !!

[tschumm]

Art Laffer is a disgrace and should be ashamed of what he was saying on National TV in his debate with Peter Schiff. Hindsights 20/20 of course but this guy calls himself an economist and it ticks me off. What a joke of a profession when you can fail miserably time and time again and still be considered somewhat credible. I hope he's reading this.

[assman1]

Laffer was the biggest bull in 2006-2007, now a double dip?!!!!

[frystan]

what a crap

[angie7dino]

who can take this guy seriously about anything after failing with peter Schiff

[LuqmanNaq]

@angie7dino He's saying similar things to Peter Schiff about the state of the economy. I respect the fact that he's not blindly pushing the 'recovery' BS onto the public like the other talking heads.

[ANTIDALLARD]

@noahshunter Get a grip on yourself. 

[texndaisy]

@noahshunter - fuck schiff??? sheesh, he was ron paul's economic advisor! don't just fuck 'em all !!

[nahiag]

@noahshunter Schiff was Ron Pauls economic advisor

[blackmesa10]

@noahshunter Revolts 2011 or its over

[JDNYE1]

This is the same bonehead that made fun of Peter Schiff when Peter predicted the first collapse....this guy has no credibility....PERIOD!!!!!!!!

[rmccay88]

@JDNYE1

Hahaha man no kidding. It really is funny when you take what he was saying 4 years ago and look at what he is saying now. But I will give him credit for coming around to the truth. Hopefully he read Peters book after he was so wrong and started wising up about what good economic and monetary policy is.

[drkevincampbell]

@APRtunedAudi YES. But deflation will last at least ten years. We must alow the overpriced homes to deflate down in relation to employment. This overpriced real estate market is destroying us. Inflation needs velicity of money. We have none.  money is frozen. Prosperity brings inflation but i don't see any prosperity any time soon. I see 1930 deflationary depression lasting a decade or more.

[drkevincampbell]

Deflationary Depression unavoidable.

[theNASAlies]

This meltdown is going AS planned to complete the job HITLER set out to do , NEW WORLD ORDER WITH A NEW WORLD CURRENCY , a new order of the age's , and like Rockefeller said 30years ago "then everyone will get a chip" ... the RFID chip WILL BE LAW.... and if you don't do as they want they will turn off your chip. NEW WORLD ORDER

[theNASAlies]

Obama did't worry about it because NEW WORLD CURRENCY , NEW WORLD ORDER

[robert4you]

Why do these morons keep saying we have seen a forward momentum and a stabilization on the housing market - they keep implying we are in a recovery. It is simply NOT TRUE! The reason things fel "better"  is due to the masiv Quantitative Easing by FED and the different stimulus programs by the Obama administration. Why is this so hard to understand? THERE IS NO RECOVERY AND HAS NEVER BEEN! Please wake up people and smell the reality - the situation is same here in Europe. Laffer is a joke!

[jhiken]

I did think there was going to be an economic apocalypse, but now that Laffer is saying the same thing, I think I better re-examine my opinion. This clown just never makes any sense. I can't believe there are idiots defending this hack.

[albertsamerica]

Schiff lovers need to stfu. Schiff predicted hyper-inflation would hit in 2002, he was dead wrong. There, we are even. Laffer was right during Reagan's years, Schiff was right for 2008. There we go, they're even. You people are morons, both economists are good economists. Laffer is better with tax theory, where Schiff is better with fiscal and monetary theory.

[scottvska]

@albertsamerica Peter Schiff predicted hyperinflation in 2002? Source?

[jjrglobal]

@albertsamerica

You're right, Laffer is a great tax theorist, but when it comes to Macro understanding and the cause and effect of Congressional policy Schiff is the man.

[bonfirejovi]

Well at least he agrees with Peter Schiff that the economy is now going to hell.

[karenbcz22]

In fact, 3 years ago ... Art "Laffer" was ridiculing Peter Schiff for predicting THE market crash of 2007-2009.

SCRU Art Laffer.

He's FOS.

[karenbcz22]

Art Laffer is a pig! I remember seeing a video of him right her on U-Tube in 2007 where he said THE MARKET IS NOT GOING TO CRASH.

And he was laughing about it!

Art "laffer"? The jokes on him!

Scu him!

[Frankenpalin]

Laffer didn't have a clue about the giant credit expansion when it was happening, why should anyone listen to him ?

[gimsdale1001]

Art Laffer? Why would anyone want this knucklehead on their show? Peter Schiff mopped the floor with this rank amateur.

[robertiacomacci]

@gimsdale1001 Hail all worship the One,. Obama almighty and eternal God. Go away

[asraiSOA]

@gimsdale1001 Doubt that POS paid back that penny bet to Peter.

[kennyembry]

The main thing is the Government will get the revenues from the wealthy they need. They need to tax where they can and those who can afford it and most deserve it. He had huge problems when our current President entered office, almost like Lincoln so that statement is untrue and he is trying hard and seeing some results. You clearly have a personal agenda against these taxes and it is trasparently clear. Inflation When, 2,3,4,5,6,7 years, you don't know, but great name "Economist Laugher"

[MACKATTACK1970]

Art Laffer is a MORON, he has changed his tune once Peter Schiff kicked his ass and taught him a lesson.

Hey Laffer, did you pay that penny yet?

Laffer was the idiot responsible for the 'Trickle Down Theory'.

This ASS is a pathetic, retarded fool!

[caupachow]

Laffer is a fool, everyone knows the government is the answer. Letting people who work for money and then letting them keep it is down right foolish.