Peter Schiff was right

I did not create this video, but I felt it was important enough to make as available as possible!

I have no connection to Peter Schiff whatsoever. He called the state of our current economy years ago and was mocked and laughed at for his forecast.

I wish he were wrong.

Category:

Education

Tags:

• Peter
• Schiff
• economy
• recession

[Crampie69]

Arthur Laffer????

ROTFLMAO!!!!!!!!!!!!!

What a stupid buffoon!

I'll bet he's now "Laffering" all the way to his bank! LMAO

This video has to go down as a classic!

[mossbergmaniac1947]

OMG this is the greatest video Ive even seen ha ha ha. This should have owned posted on the screen after everyone of these assholes that laughs at Schiff.

[IanSidles86]

Good thing Laffer only bet a penny! haha IDIOT

[BigDaddyDJD]

and yet people STILL wont listen to schiff, paul, and the austrians

[DexterHaven49]

Art Laffer and Ben Stein have just reduced their names to mud. They should be forced to wear a sign that says "I was wrong. Schiff was right." It looks like a video of Isaac newton being laughed at for saying the moon orbits the earth from the same force that makes apples fall tot he ground. Good for Peter for having the courage to go against the grain despite the laughs. An all-time classic. Why do newspapers publish Laffer & Stein still? Get Schiff Radio on the 'net.

[brad238899]

@LV07TSK I wasn't defending him. I was just being informative to a previous question. I'm a big Schiff fan.

[LV07TSK]

@brad238899 OH.....the LAUGHING curve.....uh.....read Daniel Dennett "Concsciousness Explained" page 110....or more directly Martin Gardner's Neo-Laugher Curve in his book "The Laffer Curve and other Laughs in Current Economics" current referred to 1981 when the Gardner's book came out, Brad. Obama got a Nobel....for doing NOTHING, Zip, Zilch, Zero, Nada....it was "someone's" (a Rockefeller no doubt) wish for him to do so.

[LV07TSK]

HOLY!!!! The name of that $700 Billion dollar deal: TARP??? Toxic Assets Recovery Program = Buying back the Bank's losses on a string of bad decisions, from listening to TV advice, at the expense of taxpayers.....and Schif calles them "toxic" 2 years prior....he should get ROYALTIES!!!! ahem, can we say ENGINEERED SOCIETY???

[brad238899]

Laffer owes Schiff a penny!!!!

[brad238899]

That would be Nobel Prize winner and inventor of the Laffer curve which was used during the Reagan Admin.

[ionlytrade]

Why is Economics Guru Peter Schiff debating with (pre-haircut) Michael Bolton over the price of real estate?

[darthvader5300]

wealth increases is of no use if it is consumed in a consumer driven economy. wealth increases if it is saved, invested, self-regulated, and directed to a producer driven economy. it means America is to become a manufacturing economy again. No speculation-based investments which is paper-based wealth, invest only in industrial production-based investments which is physical assets-based wealth that can be used to create even more real wealth which is physical assets-based.

[Marcinex22]

3:26 - haha morons on the left

[OntologicalQuandary]

same!

[JollyMunkie]

Where is the original video of this. I have come across 100 fake vids, but I can't find the real one any more.

[xithilinx]

A WOOD CHIPPER? "ugh" that's gotta be one of the worst ways to die. Just thinking about that is disgusting.. ha

[ibram786]

wish i could backhand those idiots trying to laugh at peter schiff, but umm instead backhanding em im just gonna lol at how bad their info was

[sharazel]

Stick to movies, Stein. Man, I wanna shove these jackasses into a wood chipper. Experts my ass! Peter Schiff, not the only one who was right, but the only one who was right who got any real airtime.

[CivitasUltraAporia]

Fuck Arthur Laffer, what a dumbass, MONEY IS NOT wealth, god that guy pisses me off