Housing Bubble - Peter Schiff 9-18-2007

Peter Schiff discusses fed rate reduction and impact of housing bubble and inflation on consumers.
Listen to the remark by Terri Campbell at 2:15, "We have to live with the official inflation numbers." (as opposed to living by the REAL inflation you're experiencing)

Category:

News & Politics

Tags:

• Housing
• Bubble
• Peter
• Schiff
• Fed
• Rates
• Real
• Esate
• Inflation

[ATL45]

It's so awesome seeing a prediction not only MADE before the bubble burst, but even UPLOADED before the bubble burst.

My favorite quote from the video is at 3:13. "If the dollar falls, that's actually a positive for our exporters."

Yeah, but this is not a nation of full of EXPORTERS you stupid bitch; we're a nation of IMPORTERS, which is why, even today, if we strongarm China into letting the yuan appreciate against the US dollar, the prices Americans pay will be absolutely devastating.

[tyronebiggums3]

@ATL45

What is really fascinating today is how utterly broken housing is. Yet they have managed to contain the press, keeping the mainstream population from understanding the true depth and severity of the problem. We have serious structural problems in the economy and monetary system, and this time, raising interest rates, as was done in the past (Volcker), cannot be done.

If interested, go to Dr Housing Bubble. He breaks it down into simple terms. And the data doesn't lie.

[daantje757]

I'm wondering where they find all these short-sighted 'experts' that continuously disagree with Peter Schiff and Ron Paul on fundamental economic principles using flawed arguments. At least we know they're frauds..

[tyronebiggums3]

And thank goodness for YouTube and other video sources. There is no place for the fraudsters to hide, now.

[kurtsteinner]

This woman is too stupid to listen.

[tyronebiggums3]

And she said, "As long as people can keep their jobs, we will not go into a recession."

What a fool. I just read a Bob Chapman article:

"December will be a brutal month for layoffs, as the economy worsens and more companies look for ways to cut costs. ... Wait until January when these unemployment figures are released. Theyll be shocking. ... unemployment officially has been rising at the fastest pace in 26 years."

I agree, and I think I need more gold/silver. This is a disaster.

[damnright4]

A real air head, who believs fairy tales. She is completly out of it. Hyper inflation will blow the doors off the econmy.

[gopetew]

To put it mildly, Terri Campbell came off as a real airhead.

[PbDeth]

The Fed doesn't have any impact on that [diminished dollar]."

Possibly one of the stupidest things I've ever heard...

[TheRobynhud]

bring on the fever to cure the disease....

[JANOSNFHH]

@kurtsteinner oh ya...but not only her..americans obviously are incapable to learn its lesson....LISTEN TO HIM FOR FUCK SAKE!!!!

[gatzu86]

Stupid broads!!! Peter owned them.

[rumco]

LOL @ those two Keynesian babes

[SKUNKBALLScom]

LOL!!!!

[chuckfaststrat]

Terri Campbell has a promising economic future...as a serving wench dancing on tables.

[howitzer24]

Freudian slip on the HUGE solution. She's right. The huge solution will be rebuilding from an economic wasteland.