Peter Schiff Was Right 2006 - 2007 (2nd Edition)

Laffer owes Peter at least a nickel now!

how these guys even have jobs still is amazing. who please tell me who would invest their money with these idiots. I never get tired of watching this. "Take my advice and fire their fucking asses, cuz a loser is a loser." thats a movie quote. anyone know what movie?

Wow he said he'd bet a penny, really showed how sure he must have been to risk such an enormous loss.

Hi all,

Seen this a few times. So gold

Has mr.laffer paid that penny yet.Maybe he could rob peter to pay ron paul.

I like this guy. He gets on TV and gets scoffed and laughed at by all the other commentators and yet in hindsight he was the only one looking at the numbers and saying something isn't right. I'll be spreading the word in CT for you Peter. Cheers

FRB = Fractional Reserve Banking. It's how the banks create new money based on about 10% of their deposits. It's also why we have inflation.

I know about austrian economics. and if you really understand it then you should know that FRB when bank can lend more money then it has is a fraud.

@dimaniak Just google "Jake Towne Congress" or "Rand Paul Senate".

"The value of the dollar would be unaffected however, because it wouldn't be fiat, it would be based on a gold standard." Yes it will be affected. Money on credit cards and so on. There will be more money in system than gold. Both lender and borrower steal from the rest of society. It's a THEFT! Not to mention that it allows big banks to cotrol money supply which gives them incredible power. That's how Rothshilds became so rich.