Nov 2006 Peter Schiff Mortgage Bankers Speech Part 2 of 8

In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate/mortgage debacle before anyone else even realized it was coming.

Category:

News & Politics

Tags:

• Peter
• Schiff
• economy
• commentary
• analysis
• mortgage

[garybsg]

Are you listening to what this man is saying? Are you listening? THIS IS THE INSANITY OF OBAMA -- HYPER INFLATION, MASSIVE DEFICITS. You need an economic lesson.

[lacon007]

actually if the dollar is going to drop massively you might want to take on more debt. And don't save your dollars ... exchange them for something else.

[shalomJudah]

The insanity of the Bush Greenspan economic policy led us to a delayed recession were one should have taken place to a near collapse of the economy. A second great depression had to be averted once President Obama took office. Paulson and Bush tried to stave off the collapsing economy by bailing out Goldman-Sachs with a $30 billion no strings attached advance. And, they lost 2 trillion dollars under the Bush watch after 911. The President's stimulus as to keep America afloat until a cure.

[booyakasha68]

Atleast thats what you hear ay? haha

[Pdrum2]

@pjamesbda I agree that I don't expect Obama to be re-elected, If people do they are pretty stupid,

[pjamesbda]

@Pdrum2 - that string is nearly a year old. A lot has happened since then, and most of it sucks...so honestly cannot see how Obama could expect re-election. The really screwed up part about it is he probably will, because there is nothing on the right that even approaches him, as bad as he has been for the working class.

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We are going another direction now. Too slow to wait for change. We are becoming the change. Here is a cool explantion: watch?v=qOP2V_np2c0

[Pdrum2]

Maybe the recession or depression will do more than purge the economy of malinvestments maybe it'll purge society of it's insanity.

[Pdrum2]

@garybsg Right, it's mainly why people hate liberals, and this is exacly why democrats are not compassion contrary to they want you to think,.

[Pdrum2]

@pjamesbda He's doing the same thing Bush is doing.

[angeliaparish]

yay! 04:05 Ayn Rand reference :)

[TheAttackRat]

you'd almost have to accept Orwellian double-talk to still be a Keynesian after understanding the argument of Shiff (Austrian Economics)

Orwellian double-talk: the art of holding two mutually contradicting views simultaneously

[TheAttackRat]

haha i totally think schiff has tried heroin.

Vote Ron Paul 2012