Peter Schiff-Moodys Down Grade-Should We Care?

[neverfearchrisishere]

Moody's can't be relied upon. They didn't forsee the current problems, how could they predict the risk of future problems.

[aviomaster]

He is right 100% no doubt.

ALL Of you who are saying Peter Shiff is the man ... look what happens

Imagine if he was Fed chairman in 2009 , all financial institutions fail , GM bankrupt , People turn to saving the money , this hits huge Malls , and shopping centers , They go bankrupt Now you have a lot of commercial real estate on the market prices fall to the ground. HOUSE prices fall drasticaly , 80-90% fall.

[yhilb111]

Why are they so stupid? I didn't study economics. Even I KNOW what the hell peter is talking about! Pretty sad...

[MaryWaterton]

Dennis Kneale (aka Beaker) has got to be one of the dumbest talking heads on television. Ask his advice on any investment matter, then do the exact opposite. That way you are guaranteed NOT to lose money.

[ashkenazimindcontrol]

the under reported inflation fraud ought to be eradicated.

[zillypaul]

"the recession is over and we have solid recovery." .... alrighty Plato

[btaylor9661]

@zillypaul You must be trying to compete with Leno. We are broke and quickly getting more taht way. Where is all the money going to come from to pay for all of our entitlements. Govt brought in 107 billion in revenue in Feb. 2010 and spent out 368 billion, now how long can you do something that are your house.

[FrankensteinFinance]

In the meantime, quite possibly the biggest transfer of wealth in history is taking place at lightning speed.

A bolt in his neck resonates to the feverish pitch of high frequency trading............

A highly carbonated brew....

Need to check the figures....Breathtaking!!

[kobe88124]

peter keeping it real!

[FrankensteinFinance]

"In psychology, Stockholm syndrome is a term used to describe a paradoxical psychological phenomenon wherein hostages express adulation and have positive feelings towards their captors that appear irrational in light of the danger or risk endured by the victims".

[58tkdmike]

the IDIOT GB 15 minutes are UP!