Fair and balanced for Fox News means putting idiots on to spout the party line no matter how insane, ignorant or dishonest. it is unfair and Unbalanced..fox news, who laughs today ..surely not the homeless...
Most of the prediction fails considering the economic crisis face by the U.S in recent years. Fortunately, U.S are now slowly recovering from the past recession.
Thanks my friend Jeff Tumbarello for sharing this retro look at the insanity and for Peter Schiff for being prudent, I will listen to his words intently in the future. :)T
Here you see the prototypical socialist/fascist reactions "Laugh at, Belittle, dismiss and make seem crazy the person speaking truth and presenting reality." watch the reactions of the media against people who speak against Global Warming, the Healthcare bill, Taxes, etc... then you'll know who is lying and who is not.
I have seen a similar video "Peter Schiff Was Right". This one makes me smile as well to see all those professional idiots calling themselves experts, yet clueless about the economy.
I'm not a real estate expert. I could see the same things Peter did. I don't know why so many failed to see the problems. I guess wishful thinking played a big part because most of these people are so deep into the property flipping game. You guys really watched too much property flipping infomercial at night.
Most speculators thought they could make some quick money by flipping properties. They don't care they're getting those TEMPORARILY LOW interests even they knew they couldn't afford when the low rates expire. By the time their rates get back to normal levels, and their properties are still unsold, they had to run. That's what happened. Peter was 100% right.
Speculative buyers are the main cause of the unreasonably high prices and crash, with the support of the greedy bankers. Peter was laughed at by the other 2 guys. Look who's laughing now. I bet those 2 idiots have their properties forclosed already.
In the financial markets, the minority opinion is always right, and the herd of sheep always get slaughtered. You're the man, Peter.
Are you braindamaged boy? Peter Schiff hates everything that has to do with paper money. He's on many shows each week telling the world about it. You cannot have fractional reserve banking with a gold standard.
Dude I'm serious. He supports fractional reserve banking. Watch this video - watch?v=Cux97u9Ca5M at 2:03 he clearly says that he supports it. SCHIFF IS EVIL!
He doesn't support fractional reserve banking; he believes that the banks should be subjected to the free market rather than be protected by the government and be free to set their own standards.
The banks should decide what they believe to be sufficient reserves. Remember, if a bank has to keep 100% reserves, they cannot pay interest on deposits If banks aren't protected by the government, they would be more careful with their lending because they would be subjected to failure.
Problem is there should't be deposits at first place. Deposits are scam. Anyone who supports fractional reserve banking support big bankers like Rothshilds.
Are you saying that if someone wanted to lend their money to a private bank for an agreed upon interest rate and the bank agreed to pay that interest so they can lend the money out at a higher interest; the government should step in and prevent that free market contract from taking place?
...because if you think that way, YOU are the problem!
LOL absolutely not. Fractional reserve system and deposits exist only for stealing people's money. Why do we want gold standard? Because amount of money = amount of gold. With fractional reserve system amount of money in the system > amount of gold. Prices go higher. As result everyone's money is stolen. It is same as inflation. It just redistributes money from majority to bankers. That's how Rothshilds became so powerful. Because they were first who implemented such system on the world-scale
Do you know that if you have $100k in the bank and you wanted to transfer your money to another bank, your bank would contact the federal reserve to get that $100k because they don't have it in their reserves. This is why they rely so heavily on fractional reserve banking; because the fed is always there to be a lender of last resort. If there were no fed; the bank would have to borrow the money from another bank which would charge HIGH interest; so they would be VERY careful with their reserves
Unless it is bank cartel. Read Rothbard. He explains why it is so profitable for big banks and bank cartels. Again fractional reserve banking = inflation. If you are against inflation then you must be against fractional reserve banking.
You do not understand. Schiff and myself are against FRB. What we aren't against is banks deciding how they can run their own bank. If they want to take big risk, they are free to do so as long as they understand the consequences.
Money has value; and just like anything else, we are free to rent it out for profit (interest). FRB means the bank doesn't have to worry about reserves because they can always borrow very cheaply from the Fed (printed money); right now money is practically free!
"Money has value; and just like anything else, we are free to rent it out for profit (interest)." But those money are out of thin air. You are not renting banks money. You are not renting its clients money. You forcefully rent it from someone else. It is theft. Both you and bank are THIEVES!
What you can't seem to comprehend is that Schiff wasn't talking about FRB; he was talking about the amount of reserves a bank is required to have; he (as I do) believes they should make their own decisions of how much money to hold in reserves which is a completely different thing.
FRB is a government standard. Banks freely lend out more money than they have because the government enables them to; this goes against the free market.
When bank lends you money that bank doesn't have in reserves BOTH of you become thieves because you are stealing wealth from rest of society. Repeat it 10 times a day every day until you get it.
Good God! You don't understand the difference between FRB and having low reserves.
If I have no money and borrow $100k from someone at 3% interest and I lend that to someone else for 8% interest, I now have no reserves.
Is there more money in circulation as a result? No.
Is there anything illegal happening here? No.
What happens if the guy who lent me $100k wants his money back? I will have to borrow from soneone else; maybe at a higher interest rate or maybe less; that's my problem
"Is there more money in circulation as a result? No." If it's true then I don't have problem with Schiff but from that video I've got probably wrong impression that he supports FRB.
You took his comment out of context. Listen to the whole video; in fact listen to him on his radioshow each wednesday; but most importantly, support him. We need people like him to straighten out this country.
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
Those shows aren't journalism; they are for entertainment purposes only. You must be careful of where you get your information from; the shows on TV are for generating revenue.
fuck yanks were dumb paying so much on houses back then.pity the rest of the world was dumb 2 and were doing the same shit.like my poker buddies last year all were builders or realstate junkeys.they havnt played poker in a while.
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
Maybe we should send each of those morons a copy of this clip on dvd and see if they'll laugh now. For all you know, they might be the people working for financial corps behind close door.
look they will not rise for three years..people have to rebuild trust that fuel charges will go down and stay and jobs need to rebound ..one good thing is gas will be about a $1.39 a gallon when fuel was up to 3.29 i predicted it would be at a $1.85 by summer and now in my town its $1.83 so its even quicker than expected..everything will continue to drop for the next three years or untill the job market picks up and stays steady for 16months.
It's staggering and sad how right Peter was on the housing bubble, but how wrong he was recently because he doesn't understand international trade, debt, and currencies.
Anyone who invested money on his ideas in the past 6 months has lost soooo much money... the S&P 500 index looks enviable in its modest decline. The world has weakened in ways Peter never anticipated, and his ideas don't adapt.
Mike Norman is such an idiot. He has no clue about basic economic theory. He got pwned by Peter Schiff in this segment on Fox News, but you wouldn't have known it at the time. Now Mike Norman has come off looking like a jack ass and an ineffectual nothing!
As I watched this,I see why so many Americans that believe the US media are so Dumb.Most Americans have NO idea,the federal reserve is NOT federal,but a private bank,that is bringing this country to it's knees.
I hope many that watch videos like this,and others that show what is happening in America,will wake up.Factories are closing,over 1 million Americans are homeless,more than 700,000 are in forecloser,with more to come.What does the government do? bail out Banksters,and leave working home owners with the shaft.
that's a lie... those who saw this coming might lose less than those who were greedy, who thought and used their houses as ATMs... listen, there were real estate agents that were begging me to buy a house... why would i buy a house when the price appreciates 50-100% every year while wages weren't even keeping up with inflation year to year? the math never worked.... housing will stabilize in two ways: a) wages will have to dramatically increase to the point of 15-20% median or prices = 2002 lvl
Why does Atkins get all the credit for being an idiot? He shouldn't. You can tell he doesn't have a clue be just looking at him. It is that schmuck Mike Norman that makes me sick. I wouldn't let that cheerleading fool advise my 12 year old's paper route money. What a know-nothing blow hard.
I went to check out a few house today and I'm seeing "For Sale" signs everywhere. Unless you can get one dirt cheap now, I'd just wait a few more months. Most banks are expecting lower prices in the next few months and have already factored this into their appraisals.
it's not just american's, it's people in general..as long as you have a good story they will listen and follow..Canada will be in the same predicament
Not to say we will be immune but a few differences:
Less than 1/2 the per capita national debt and ours is dropping.
Appreciating currency and 1/2 the inflation.
A much smaller service sector a much larger resource sector.
As other currencies jump in value and the US dollar drops they will still need the uranium, oil, copper, nickel, gold, diamonds etc etc that we produce in spades.
Also our banks are tighter and house prices didn't jump as much as in the US.
i dont understand why people think the houses are gonna go down and down .....
or up and up; right know what's gonna go up is the down payment you will have to put, in order to buy your home, in a mean time the people that is thinking the market is gonna go down, well let's pray for them to have the 20% banks are gonna be asking no matter wut!!!
right now the 5% is almost over with the conventional, specially with the indymac deal...
Now is the best time to buy a house. Do not listen to these naysayers. They said housing would crash and it has stabalized. Now is the best time to buy a home!
It's all driven by the financing and easy money. When that goes away, its a flushing sound. BUT the lenders still need to make loans to stay in business. So they will get it cleaned up as quick as possible.
Here in the Phoenix area, real estate sales have had a sudden surge, granted prices have fallen sharply in the last few weeks. Listingsupply com indicates that MLS listings in the major US markets are finally starting to fall, which should mean price stability ahead. Let's hope!
What really disgusts me about the real estate people in this interview was their shallowness and arrogance. They did not address Schiff's concerns in a forthright manner. I had the same type of discussions after I sold in 2005.
The housing bubble is really a land speculation bubble. In real estate only land value goes up and not the value of the improvement because land is in fixed supply and the supply of improvements can be increased as long as there is a demand. Land speculation is when the price charged for land goes up beyond the real value measured by real uses to which land can be put to in the real economy. Specualtive value can and does disappear overnight. Pimp Mother Earth and pay the price America.
Looks like fabios punk brother and the john stewart look alike winner both ate some crow when the market crashed, I got news for ya goldilocks, it ain't done yet!
I've never understood what is meant by the "goldilocks" economy. I know the story of goldilocks and the three bears but how does (or did) that translate to the economy?
It's one of those things that everyone else seems to know and I cant figure out.
as an american not in the real estate game whatsoever, this still pisses me off. ben stein? some dude from dumb and dumber? wtf, these dudes have no relevance at all to that industry. the only guy that did, got laughed at. they even plugged some tottaly unrelated shitty book that ben stien wrote.
we all have to be very careful of all the misinformation put out by so called "experts" to create division among us, because that's the only way the government can prevent any revolution. Once everyone sees in the same view, that's when people possess power of mass. So pay attention to so called "experts" but learn to make your own judgment. Misinformation is everywhere especially in Fox, and they are not stupid, only intentional.
Norman..."prices are already on the way up!!!" I also loved the "what artificial lending standard are you talking about?" He looks like such a pompous idiot with hindsight, he's probably back selling used cars.
Tom 10% increase- idiot. Stein invest in Bear Stearns idiot; Norman I agree with Tom, no inflation idiot. I will spare the couple of points female idiot. Peter the great.
Peter is and has been right all along. Mike Noman is a tool, a fu*king fool and an ass.
Lawsuits should be pursued against all these MF liars, shills and tools that they now factually have become!
Makes me sick the whole damn thing. THe USA is going down because of this fraud. Greenspan, I guess is reasonable because he saw it all end 7 years ago and let us live our lives of bliss for 6 more years by pulling every trick in the book.
I think sometimes it is better to bring people with comparable knowledge to debate instead of bring from movies like DUMB $ Dumber and have them debate with the best of the best. It is wrong. I blame the producer of that skit.
I love the real estate guy with the long hair, telling us how houses always go up in price....this guy is a great example of never ask the barber if you need a haircut
that is so awesome, watching those idiots laughing. OMG makes me feel so great for the guy that was serious, ughhh thats awesome.
My dad... an average guy, has nothing to do with real estate, predicted that this would happen, but he said that ppl were building homes to make a profit... and eventually there was too much supply, and demand went straight down... there was no real demand in the first place... just ppl trying to make money.
Yesterday, Bush said we have a strong dollar. It hit new lows soon after.
It reminded me of the time he said Brownie was doing a good job during the hurricane relief. He got canned for the New Orleans aid debacle soon thereafter.
I always put down at least 50 percent when I buy a home. Both of my homes are paid for now but if I did buy today I would always put down 50 percent. At least put down 20 percent.
Hey! I just discovered what, most likely, is the REAL reason Adkins has been a guest on Fox. Believe it or not, Adkins happens to be married to Brenda Buttner, host of Bulls & Bears!
If you buy now, you will find a house like the one you bought for $100K or more less than what you paid. You effectively will be catching a falling knife and become instantly underwater on your mortgage! Imagine going to the bank and asking, "I'd like to open an account for minus (-)$100K". After years of deposits adding up to $100K you will have $0 in the account. Silly isn't it? Well that is exactly what you will be doing if you bought a house right now.
have you seen the price of gold! gold doesn't really change in value, the value of the dollar goes up, making gold worth more, look at the market compared to gold and tell me we aren't in a reccession
I would love to see all of these on the same show again. It would be great to have this clip played and then have each one of them answer to their assessment.
Hard to imagine that everyone else actually gets paid for their opinions. Schiff was not only right, but also nailed an accurate description of the problem. What a bunch of frauds the others are.
Ron Paul has made a good choice putting Peter Shiff on his team. He's the only reasonable person on this video and he NAILED it -- all of it exactly right.
They laugh at Shiff the same way the other candidates laugh at Paul during the debates. When you are faced with someone who is smarter on the details of the argument it is not wise to engage them. Laugh at them and hope others who are even more ignorant will think you are the smart one. ie every time Paul talks about the money system in this country.
Fair and balanced for Fox News means putting idiots on to spout the party line no matter how insane, ignorant or dishonest. it is unfair and Unbalanced..fox news, who laughs today ..surely not the homeless...
paulzpc 6 months ago
Realtor's are such a-holes.
jvolstad 8 months ago
Keep up the Great videos!
my channel is dedicated for real estate news, tips and more. checkout mine when you get a chance.
VegasRealEstateBlog 9 months ago
Most of the prediction fails considering the economic crisis face by the U.S in recent years. Fortunately, U.S are now slowly recovering from the past recession.
spectrum0590 11 months ago
Thanks my friend Jeff Tumbarello for sharing this retro look at the insanity and for Peter Schiff for being prudent, I will listen to his words intently in the future. :)T
AcademyofCreativeRE 1 year ago
Here you see the prototypical socialist/fascist reactions "Laugh at, Belittle, dismiss and make seem crazy the person speaking truth and presenting reality." watch the reactions of the media against people who speak against Global Warming, the Healthcare bill, Taxes, etc... then you'll know who is lying and who is not.
vegaswolf 1 year ago
I have seen a similar video "Peter Schiff Was Right". This one makes me smile as well to see all those professional idiots calling themselves experts, yet clueless about the economy.
DanMorin007 1 year ago
...God bless Peter Schiff !
Will224000 1 year ago 5
Comment removed
GuntherL1 1 year ago
Thank God for Peter Schiff and his insight.
jayrod59 1 year ago 3
@jayrod59 Thank Schiff for his insight, a god has nothing to do with it.
TWSceptic 1 month ago
I'm not a real estate expert. I could see the same things Peter did. I don't know why so many failed to see the problems. I guess wishful thinking played a big part because most of these people are so deep into the property flipping game. You guys really watched too much property flipping infomercial at night.
nawkrm 1 year ago
Who is this Peter Schiff btw? He's one of the few who still have a sound mind.
nawkrm 1 year ago
Most speculators thought they could make some quick money by flipping properties. They don't care they're getting those TEMPORARILY LOW interests even they knew they couldn't afford when the low rates expire. By the time their rates get back to normal levels, and their properties are still unsold, they had to run. That's what happened. Peter was 100% right.
nawkrm 1 year ago
Speculative buyers are the main cause of the unreasonably high prices and crash, with the support of the greedy bankers. Peter was laughed at by the other 2 guys. Look who's laughing now. I bet those 2 idiots have their properties forclosed already.
In the financial markets, the minority opinion is always right, and the herd of sheep always get slaughtered. You're the man, Peter.
nawkrm 1 year ago
Who is that long haired fruit? A curse on all Realtors!
jvolstad 1 year ago
That fairy is Tom Adkins.
tyronebiggums3 1 year ago
@jvolstad
He looked like some property flipper loaded up with tons of properties.
nawkrm 1 year ago
This has been flagged as spam show
Watch my video
watch?v=j7I_eFoIk64
It's about earth shift. Earth shift: One huge continent became 2 continents, then 5 (or 6) and then?
fridaysabtu 1 year ago
Peter Schiff supports fractional reserve banking. He is a Rothshilds' shill
dimaniak 2 years ago
Are you braindamaged boy? Peter Schiff hates everything that has to do with paper money. He's on many shows each week telling the world about it. You cannot have fractional reserve banking with a gold standard.
jjenson2006 2 years ago
Dude I'm serious. He supports fractional reserve banking. Watch this video - watch?v=Cux97u9Ca5M at 2:03 he clearly says that he supports it. SCHIFF IS EVIL!
dimaniak 2 years ago
He doesn't support fractional reserve banking; he believes that the banks should be subjected to the free market rather than be protected by the government and be free to set their own standards.
The banks should decide what they believe to be sufficient reserves. Remember, if a bank has to keep 100% reserves, they cannot pay interest on deposits If banks aren't protected by the government, they would be more careful with their lending because they would be subjected to failure.
jjenson2006 2 years ago
Problem is there should't be deposits at first place. Deposits are scam. Anyone who supports fractional reserve banking support big bankers like Rothshilds.
dimaniak 2 years ago
Are you saying that if someone wanted to lend their money to a private bank for an agreed upon interest rate and the bank agreed to pay that interest so they can lend the money out at a higher interest; the government should step in and prevent that free market contract from taking place?
...because if you think that way, YOU are the problem!
jjenson2006 2 years ago
LOL absolutely not. Fractional reserve system and deposits exist only for stealing people's money. Why do we want gold standard? Because amount of money = amount of gold. With fractional reserve system amount of money in the system > amount of gold. Prices go higher. As result everyone's money is stolen. It is same as inflation. It just redistributes money from majority to bankers. That's how Rothshilds became so powerful. Because they were first who implemented such system on the world-scale
dimaniak 2 years ago
Do you know that if you have $100k in the bank and you wanted to transfer your money to another bank, your bank would contact the federal reserve to get that $100k because they don't have it in their reserves. This is why they rely so heavily on fractional reserve banking; because the fed is always there to be a lender of last resort. If there were no fed; the bank would have to borrow the money from another bank which would charge HIGH interest; so they would be VERY careful with their reserves
jjenson2006 2 years ago
Unless it is bank cartel. Read Rothbard. He explains why it is so profitable for big banks and bank cartels. Again fractional reserve banking = inflation. If you are against inflation then you must be against fractional reserve banking.
dimaniak 2 years ago
You do not understand. Schiff and myself are against FRB. What we aren't against is banks deciding how they can run their own bank. If they want to take big risk, they are free to do so as long as they understand the consequences.
Money has value; and just like anything else, we are free to rent it out for profit (interest). FRB means the bank doesn't have to worry about reserves because they can always borrow very cheaply from the Fed (printed money); right now money is practically free!
jjenson2006 2 years ago
"Money has value; and just like anything else, we are free to rent it out for profit (interest)." But those money are out of thin air. You are not renting banks money. You are not renting its clients money. You forcefully rent it from someone else. It is theft. Both you and bank are THIEVES!
dimaniak 2 years ago
What you can't seem to comprehend is that Schiff wasn't talking about FRB; he was talking about the amount of reserves a bank is required to have; he (as I do) believes they should make their own decisions of how much money to hold in reserves which is a completely different thing.
FRB is a government standard. Banks freely lend out more money than they have because the government enables them to; this goes against the free market.
jjenson2006 2 years ago
When bank lends you money that bank doesn't have in reserves BOTH of you become thieves because you are stealing wealth from rest of society. Repeat it 10 times a day every day until you get it.
dimaniak 2 years ago
There is NOTHING free in this world.
dimaniak 2 years ago
Good God! You don't understand the difference between FRB and having low reserves.
If I have no money and borrow $100k from someone at 3% interest and I lend that to someone else for 8% interest, I now have no reserves.
Is there more money in circulation as a result? No.
Is there anything illegal happening here? No.
What happens if the guy who lent me $100k wants his money back? I will have to borrow from soneone else; maybe at a higher interest rate or maybe less; that's my problem
jjenson2006 2 years ago
"Is there more money in circulation as a result? No." If it's true then I don't have problem with Schiff but from that video I've got probably wrong impression that he supports FRB.
dimaniak 2 years ago
You took his comment out of context. Listen to the whole video; in fact listen to him on his radioshow each wednesday; but most importantly, support him. We need people like him to straighten out this country.
jjenson2006 2 years ago
Two dumb SOB's laughing at a logician.....Makes for great television.....Unless of course you're one of those two SOB's.
Descanso 2 years ago
This has been flagged as spam show
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
BizReporter1 2 years ago
Mike is a total flipping idiot, and he has never been right that I know of.
Why doesn't he go to work for Obama, he would fit right in.
1ringknocker 2 years ago 2
And on that note....KA-BOOM!!!!!!! Dumb motherfuckers laughing at reason.
papatoony 2 years ago
WIth 1.6 trillion dollars of Alt-A and Option-Arms loans adjusting in 2009-2012, the bottom will be in 2012 or 2013.
MrAlanKendall 2 years ago
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yousavemoneyhere . com
40% markdown electronics
sk8forlife103 2 years ago
I wonder if we as a society will ever start to listen to the Peters the smart guys with real actual data.
DrJamesBWood 2 years ago
This has been flagged as spam show
watch?v=AHgxIioiff0 - Peter Schiff is JEW!
dimaniak 2 years ago
Yes; he's Jewish. What's your point?
Are you a Nazi?
jjenson2006 2 years ago
it's better to be nazi than blind jewish slave
dimaniak 2 years ago
Who is a blind Jewish slave?
jjenson2006 2 years ago
racism makes people soooooo unattractive... yuck
jezagee 2 years ago
are you gay?
dimaniak 2 years ago
@ 3:55 the guy on the left, is an Incredible Idiot, Biggest bullshitter dumbass Ever.
I wonder what his reaction is today, now that he found out that he was dead wrong.
& that the guy that he was laughing at for making the right predictions @3:55 was right.
aYTcritic 2 years ago
This is what's wrong with journalism today.
Equal time is given to both sides of the argument, leaving viewers in the end even less sure about the future.
I'd rather a news organization advocate for one side of an issue over the other, versus this misguided attempt at 'balance'.
glenntaylor2002 2 years ago
Those shows aren't journalism; they are for entertainment purposes only. You must be careful of where you get your information from; the shows on TV are for generating revenue.
jjenson2006 2 years ago
This is the future 2009 ... they were laughing at him and now what he said came true.......
It is getting worst......we will se what happens by fall 2009...my predictions are .....depression 2009
and a huge stock drop down to 4500,,no jobs
cashman247 2 years ago
I didn't like the fact that people were trying to "shout down" Peter. Especially that Mike guy
holisticguy 2 years ago
Mike Norman on 3:58 Priceless!
raptorix 2 years ago
peter schiff is a smart guy....
EminemChannel 2 years ago
fuck yanks were dumb paying so much on houses back then.pity the rest of the world was dumb 2 and were doing the same shit.like my poker buddies last year all were builders or realstate junkeys.they havnt played poker in a while.
burgboyburg 3 years ago
Michael Norman -- Biggest Dumbass Ever
fins0ut 3 years ago
3:55 What an incredible idiot! Hopefully he has done the world a favor and put one in his brain by now.
fins0ut 3 years ago
This has been flagged as spam show
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
DrewDownsManagement 3 years ago
3:55 what a fucking ass hole. still laughing now you silly fucking bitch?
KnowYourTeam 3 years ago
Maybe we should send each of those morons a copy of this clip on dvd and see if they'll laugh now. For all you know, they might be the people working for financial corps behind close door.
DNATS 3 years ago
Anyone else want to smash that smarmy Mike Norman's cheesy veneers down his stupid throat?
What a dipshit. I bet he isn't laughing at Peter Schiff now...
mydantube 3 years ago 2
look they will not rise for three years..people have to rebuild trust that fuel charges will go down and stay and jobs need to rebound ..one good thing is gas will be about a $1.39 a gallon when fuel was up to 3.29 i predicted it would be at a $1.85 by summer and now in my town its $1.83 so its even quicker than expected..everything will continue to drop for the next three years or untill the job market picks up and stays steady for 16months.
AzOutLawz9 3 years ago
Michael Norman is a moron!
kauzlar 3 years ago
It's staggering and sad how right Peter was on the housing bubble, but how wrong he was recently because he doesn't understand international trade, debt, and currencies.
Anyone who invested money on his ideas in the past 6 months has lost soooo much money... the S&P 500 index looks enviable in its modest decline. The world has weakened in ways Peter never anticipated, and his ideas don't adapt.
ajas95 3 years ago
Don't pay too much for your next mortgage loan. Avoid the obvious. See us for better mortgage loan offers.
AvoidTheObvious 3 years ago
So who's laughing now?
victorgospo 3 years ago
Mike Norman is such an idiot. He has no clue about basic economic theory. He got pwned by Peter Schiff in this segment on Fox News, but you wouldn't have known it at the time. Now Mike Norman has come off looking like a jack ass and an ineffectual nothing!
achalmers 3 years ago
As I watched this,I see why so many Americans that believe the US media are so Dumb.Most Americans have NO idea,the federal reserve is NOT federal,but a private bank,that is bringing this country to it's knees.
b2flyer1 3 years ago
I hope many that watch videos like this,and others that show what is happening in America,will wake up.Factories are closing,over 1 million Americans are homeless,more than 700,000 are in forecloser,with more to come.What does the government do? bail out Banksters,and leave working home owners with the shaft.
b2flyer1 3 years ago 2
Hahahahaha
xplorish 3 years ago
nice
fuzzybunnies 3 years ago
Up 10 percent....hahahahahahahaha your dumber than you look.
Paetaor 3 years ago
Yea....and that's saying something.
dequeant 3 years ago
I bet Peter is the only living in own house at the moment.
I bet these other fools believe their own Bullshit and bought up large, now they're living out of Peter gabbage.
Thank you Peter, I followed your advised and sold my inflated house and rented, now I'm laughing and have you to thank!!
jjerome77 3 years ago
Who's laughing now Mike Norman
andreamirelez 3 years ago
nobody.
We all lose.
Crateciferes 3 years ago
that's a lie... those who saw this coming might lose less than those who were greedy, who thought and used their houses as ATMs... listen, there were real estate agents that were begging me to buy a house... why would i buy a house when the price appreciates 50-100% every year while wages weren't even keeping up with inflation year to year? the math never worked.... housing will stabilize in two ways: a) wages will have to dramatically increase to the point of 15-20% median or prices = 2002 lvl
digme1 3 years ago
ahhh mike norman... haven't seen that guy on Bulls & Bears in like... forever
sergey444 3 years ago
Cuzz he sucks
andreamirelez 3 years ago
Nobody's talking over the top of Mr.Schiff now, are they?
motonegros 3 years ago
Looks like the bears, not the bulls got the last laugh.
gordyt99 3 years ago 2
I needed a random video to put up my predictions.If they com true You-tube can be used as proof to anyone who visits it.:
1.Baby Caylee will be found...shes not dead.The Grandmother will be angry/debating
2.Within a few years From russia the leader will attak the U.S.(war)-alomg with northern leaders.
jonathanpantoja 3 years ago
caylee will not be found in florida. Nothern states
jonathanpantoja 3 years ago
Why does Atkins get all the credit for being an idiot? He shouldn't. You can tell he doesn't have a clue be just looking at him. It is that schmuck Mike Norman that makes me sick. I wouldn't let that cheerleading fool advise my 12 year old's paper route money. What a know-nothing blow hard.
texmexpecs 3 years ago
I went to check out a few house today and I'm seeing "For Sale" signs everywhere. Unless you can get one dirt cheap now, I'd just wait a few more months. Most banks are expecting lower prices in the next few months and have already factored this into their appraisals.
timlin0607 3 years ago
Who is laughing now pony tail man :)
constzi 3 years ago 6
americanz are so stupid they will belive anything some shit like Fair and Balanced
RomeoMD25 3 years ago
it's not just american's, it's people in general..as long as you have a good story they will listen and follow..Canada will be in the same predicament
rootytooty23 3 years ago
Not to say we will be immune but a few differences:
Less than 1/2 the per capita national debt and ours is dropping.
Appreciating currency and 1/2 the inflation.
A much smaller service sector a much larger resource sector.
As other currencies jump in value and the US dollar drops they will still need the uranium, oil, copper, nickel, gold, diamonds etc etc that we produce in spades.
Also our banks are tighter and house prices didn't jump as much as in the US.
Paetaor 3 years ago
what is going on in this country!!!
i dont understand why people think the houses are gonna go down and down .....
or up and up; right know what's gonna go up is the down payment you will have to put, in order to buy your home, in a mean time the people that is thinking the market is gonna go down, well let's pray for them to have the 20% banks are gonna be asking no matter wut!!!
right now the 5% is almost over with the conventional, specially with the indymac deal...
taurusgia 3 years ago
Now is the best time to buy a house. Do not listen to these naysayers. They said housing would crash and it has stabalized. Now is the best time to buy a home!
Vossfreshwater 3 years ago
Here comes a home owner moron!
timlin0607 3 years ago 8
Ha ha, yeah. Couple more years and homes will be worth nada.
Peter Schiff is god.
michaeld5 3 years ago 2
Yes! Atkins was in Dumb and Dumber! He played BOTH parts!
zskyhawk 3 years ago 3
It's all driven by the financing and easy money. When that goes away, its a flushing sound. BUT the lenders still need to make loans to stay in business. So they will get it cleaned up as quick as possible.
OwnAHomeNow 3 years ago
Schiff uncannily accurate again...
I'll bet that final shot of Mike Norman laughing at Schiff predicting the collapse of the housing bubble haunts him
bbagginz 3 years ago 4
what housing bubble?
anana88 3 years ago
Here in the Phoenix area, real estate sales have had a sudden surge, granted prices have fallen sharply in the last few weeks. Listingsupply com indicates that MLS listings in the major US markets are finally starting to fall, which should mean price stability ahead. Let's hope!
tbreest 3 years ago
Not a chance. Keep dreaming. Fannie, Freddie, Indymac,... things are just getting started. Time to pay for the greed and stupidity of the bubble.
tyronebiggums3 3 years ago
That giggling sounded almost like Giggliani's.
Kilpinen 3 years ago
there is only one of them that knows anything.. mike norman is nuts.
navtel 3 years ago
This has been flagged as spam show
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InternetIncomeMentor 3 years ago
Thank you. Fox News fair and balance.
Leviodin 3 years ago
What really disgusts me about the real estate people in this interview was their shallowness and arrogance. They did not address Schiff's concerns in a forthright manner. I had the same type of discussions after I sold in 2005.
scort8888 3 years ago 7
Peter schiff was spot on!
nickhoganmusic 3 years ago
The housing bubble is really a land speculation bubble. In real estate only land value goes up and not the value of the improvement because land is in fixed supply and the supply of improvements can be increased as long as there is a demand. Land speculation is when the price charged for land goes up beyond the real value measured by real uses to which land can be put to in the real economy. Specualtive value can and does disappear overnight. Pimp Mother Earth and pay the price America.
ourearthhome 3 years ago
This video shows exactly whats wrong with America.
People who tell the truth are laughed at.
upset4 3 years ago 7
"what artificial lending standards are you talking about" - Mike Norman (lol)
imnos482 3 years ago 3
Is Mike Norman EVER right? This guy makes me hurt inside.
imnos482 3 years ago
And they laughed at him then.
EchoesUnlimited 3 years ago 2
Tom is absolutely right!!!!!
Zhuangyao 3 years ago
it's over, major defaltion is housing and hyper inflation when it comes to food and energy. watch?v=xNOuuhpYBEg
BobBrinkerisanIdiot 3 years ago
Looks like fabios punk brother and the john stewart look alike winner both ate some crow when the market crashed, I got news for ya goldilocks, it ain't done yet!
skanicum 3 years ago
I've never understood what is meant by the "goldilocks" economy. I know the story of goldilocks and the three bears but how does (or did) that translate to the economy?
It's one of those things that everyone else seems to know and I cant figure out.
Einstiensblackid 3 years ago
Goldilocks ate the porridge that was not too hot, not too cold, just right. She slept in the bed that was not too soft, not too hard... etc.
molly111 3 years ago
No shit sherlock. I told you I know the story. but how does that describe any aspect of the economy?
Einstiensblackid 3 years ago
Peter Schiff RWNED those people. Yes, "rwned" because he's Ron Paul's economic advisor. Rwning is pwning people who tell lies.
Tasadaru 3 years ago
WOW how rude!!!!
DenaSetsuko 3 years ago
as an american not in the real estate game whatsoever, this still pisses me off. ben stein? some dude from dumb and dumber? wtf, these dudes have no relevance at all to that industry. the only guy that did, got laughed at. they even plugged some tottaly unrelated shitty book that ben stien wrote.
AMERICAN MEDIA, FUCK YEAH!
bandwagonretards 3 years ago
notice they said lets move onto a new topic..the panel was there for many issues not just this one
egorew 3 years ago
This has been flagged as spam show
who's laughing now.......
purplelionduck 3 years ago
Your negative ratings on my comment cannot harm me as much as the truth that most Americans are idiots :P
PUKUDO 3 years ago
I bet they are not laughing now about what Peter Schiff said....
sharaegirl 3 years ago 7
Listen to Tarzan and the greaseball snicker and smirk at Peter Schiff.Who's laughing now?Assholes!
canuk1000 3 years ago 8
Great names, canuk1000. How about a movie?
"Tarzan and the Greaseball Do America"
scort8888 3 years ago
now we all know who's right...Peter...
we all have to be very careful of all the misinformation put out by so called "experts" to create division among us, because that's the only way the government can prevent any revolution. Once everyone sees in the same view, that's when people possess power of mass. So pay attention to so called "experts" but learn to make your own judgment. Misinformation is everywhere especially in Fox, and they are not stupid, only intentional.
ALkEmiXt77 3 years ago 2
if you read the wsj you would have seen this coming too...just plain logic
stonescourt3 3 years ago
what the hell??
YARxIxAMxAxVAMPiRE 3 years ago
What The Fuck?WTF
soxmeh2 3 years ago
what the fuck...screw this
h7b7k 3 years ago
This has been flagged as spam show
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YourPropertyFree 3 years ago
arrogant dicks are funny when they are so wrong and prolly kicking themselves now
Vicioussama 3 years ago 2
Norman..."prices are already on the way up!!!" I also loved the "what artificial lending standard are you talking about?" He looks like such a pompous idiot with hindsight, he's probably back selling used cars.
doaksnyder 3 years ago 3
man, what a immensly arrogant guy, the one who started laughing. the true face of the rich white assholes.
omglolbbqftw 3 years ago 3
ok ok ok why , please tell me why, you have to say rich WHITE assholes? what does him being white have anything to do with this?
mfrantom 3 years ago 5
cuz the guy is white? lol if he was black, omglolbbqftw woulda said rich black asshole
MCBucky4 3 years ago
The best looking real estate developer is on a click away. Build wealth in style.
theartiscompany 3 years ago
Tom 10% increase- idiot. Stein invest in Bear Stearns idiot; Norman I agree with Tom, no inflation idiot. I will spare the couple of points female idiot. Peter the great.
itillbeme 3 years ago 5
Wow, incredible. This just proves how a said isn't truth just because most people say so.
I'm putting this on my favorites for all to see.
Crateciferes 3 years ago
Peter is and has been right all along. Mike Noman is a tool, a fu*king fool and an ass.
Lawsuits should be pursued against all these MF liars, shills and tools that they now factually have become!
Makes me sick the whole damn thing. THe USA is going down because of this fraud. Greenspan, I guess is reasonable because he saw it all end 7 years ago and let us live our lives of bliss for 6 more years by pulling every trick in the book.
unchiekun 3 years ago
don't you guys get it??? They are PAID to deceive the public! They are liars! Turn the tv news off!
zerosister 3 years ago 2
I agree..what a twat mike Norman is !!! He should feel well humiliated !!
luvpump1 3 years ago
Wow Mike Norman must feel quite foolish. And there was no need for him to be so rude.
Jimpich 3 years ago
I think sometimes it is better to bring people with comparable knowledge to debate instead of bring from movies like DUMB $ Dumber and have them debate with the best of the best. It is wrong. I blame the producer of that skit.
Airforcing 3 years ago
lol and now you are here. you had better believed peter!
jeffsst 3 years ago
I love the real estate guy with the long hair, telling us how houses always go up in price....this guy is a great example of never ask the barber if you need a haircut
ITILII 3 years ago
Vindication for Peter Schiff. I bet the jokers mocking him feel pretty silly now!
learningtoinvest 3 years ago 2
Nice to see this over one year later...I don't think the others are laughing now. Schiff is not as lonely as he was back then.
zincmemoir 3 years ago 5
that is so awesome, watching those idiots laughing. OMG makes me feel so great for the guy that was serious, ughhh thats awesome.
My dad... an average guy, has nothing to do with real estate, predicted that this would happen, but he said that ppl were building homes to make a profit... and eventually there was too much supply, and demand went straight down... there was no real demand in the first place... just ppl trying to make money.
sergey444 3 years ago 2
Yesterday, Bush said we have a strong dollar. It hit new lows soon after.
It reminded me of the time he said Brownie was doing a good job during the hurricane relief. He got canned for the New Orleans aid debacle soon thereafter.
bruce3681 3 years ago 2
mooi
hoffmanaj 3 years ago
Ha!! This is funny after 1 yrs..:)
ircjunk2004 3 years ago
Mike Norman doesn't know what he is talking about. How he keeps his job?
Don't want to know.
Rikko7 3 years ago
Someone should strap Mike Norman in a chair, gag him, and show this video in his face in an infinite loop.
nibelungensohn 4 years ago 4
YESSS! that guy with the long hair looks like he should be on WWE
sergey444 3 years ago 2
I always put down at least 50 percent when I buy a home. Both of my homes are paid for now but if I did buy today I would always put down 50 percent. At least put down 20 percent.
newenglandvideo 4 years ago
I have no idea what Peter Schiff is talking about,,,,
Ha ha ha ha ha ha ha ha.
He was right about THAT,,, he has no frigging idea.
Or does he?
My opinion, they were pumping while they were dumping.
Pricks, all of them and you know what that other gender is.
beneehall 4 years ago
Hey! I just discovered what, most likely, is the REAL reason Adkins has been a guest on Fox. Believe it or not, Adkins happens to be married to Brenda Buttner, host of Bulls & Bears!
JReality 4 years ago
dumb analysts this is why I don't trust college graduates
dan020350 4 years ago
Call him Mike "the wrench" Norman. Because he's a TOOL.
brucec43 4 years ago
This has been flagged as spam show
If you buy now, you will find a house like the one you bought for $100K or more less than what you paid. You effectively will be catching a falling knife and become instantly underwater on your mortgage! Imagine going to the bank and asking, "I'd like to open an account for minus (-)$100K". After years of deposits adding up to $100K you will have $0 in the account. Silly isn't it? Well that is exactly what you will be doing if you bought a house right now.
lennyfest 4 years ago
tom adkins is the best example of an reality denying American.
Toxiferin 4 years ago
LOL@ that long haired.. "NO INFLATION"
HAAHAAHAHHA
have you seen the price of gold! gold doesn't really change in value, the value of the dollar goes up, making gold worth more, look at the market compared to gold and tell me we aren't in a reccession
secretbonus 4 years ago 2
I would love to see all of these on the same show again. It would be great to have this clip played and then have each one of them answer to their assessment.
jellybeing 4 years ago
Hard to imagine that everyone else actually gets paid for their opinions. Schiff was not only right, but also nailed an accurate description of the problem. What a bunch of frauds the others are.
ThomasMorton99 4 years ago
Would anybody expect anything else from the boneheads at Fix News?
1blackie1 4 years ago
Ron Paul has made a good choice putting Peter Shiff on his team. He's the only reasonable person on this video and he NAILED it -- all of it exactly right.
Ron Paul -- Hope of america
go to his webpage. ronpaul2008 dot com
sk8rzmom 4 years ago 3
Ron Paul has made a good choice putting this guy on his team. Ron Paul -- Hope of america
go to his webpage. ronpaul2008 dot com
sk8rzmom 4 years ago
They laugh at Shiff the same way the other candidates laugh at Paul during the debates. When you are faced with someone who is smarter on the details of the argument it is not wise to engage them. Laugh at them and hope others who are even more ignorant will think you are the smart one. ie every time Paul talks about the money system in this country.
lordcheesepuff 4 years ago 9
Who's laughing now! Don't believe the lies of the real estate industrial complex.
noraklagrangian 4 years ago 4
haha.. love that sound effect last second of the video :)
obidobi2 4 years ago
For insight into whatreallyhappened(dot)com
do a search for,
Zeitgeist The Movie
carnooba 4 years ago
Mike Norman "what artificial lending standards are you talking about"
enrieby 4 years ago
Understatement of the century @ 2:30... "I have no idea what Peter Schiff is talking about." Tell me about it!
jeremyemilio 4 years ago 3
look at these fools laughing
LorenzKamo 4 years ago 2