Peter Schiff Was Right 2006 - 2007 (2nd Edition)
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Uploaded by jdouche on Nov 2, 2008
This is a set of clips of Peter Schiff from 2006 and 2007. I added labels and 2008 predictions to the first video. More videos at http://www.youtube.com/user/SchiffReport
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@alienraven Free market ideas did NOT cause this. In response to the recession caused by the dot com and tech bubbles, Alan Greenspan (federal reserve chairman back then) lowered interest rates to record lows. This distorted the market and drove up the costs of housing... this is exactly how the bubble was formed. Government involvement in the economy distorts the free market and is what causes the boom/bust cycle. Don't listen to everything your president says... He's not an economist...
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@cajojaUribe Interest rates are controlled by the federal reserve.... they are still artificially low. If they were at market value they would be sky high right now but the government is using low interest as a way to stimulate the economy... Which is exactly the same reason why we had a bubble in the first place... artificially low interest rates distorted the market and drove housing prices up and that's when the bubble was created. The only way out of the recession is to liquidate the debt.
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@cajojaUribe just because it happened yet doesn't mean it won't
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AntiSchiff and SchittReport are the biggest coward fucks. These videos are the reason they don't have ratings and block me. XD
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@cajojaUribe Politically, they can't raise interest rates. That's why.
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Peter. I thought interest rates were going up. You r wrong on a lot of predictions.
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@bradleylax22 um you realise it was freemarket idiots like Ron Paul this caused this right?
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@roguequokka good for you...the "public" is always the last ones in and the first ones out...glad to see youre not a part of the masses!!
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3:44 Go fuck yourself faggot...who's laughing now???
3 days ago 2
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5:45 The only time Patrice O'neil was wrong.
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You owe Peter a penny bitch.
thevadar 2 weeks ago 18
Our society just needs to start reading Murray Rothbard and Tom Woods and Judge Andrew Napalotano...imagine if that was standard public school curriculum. Ron Paul would be destroying these neo-cons. I Got my silver and guns And food. Bring it Feds!
bradleylax22 3 weeks ago 18