Peter Schiff 11/13/06 - WRMBA meeting [Part 2]

Western Regional Mortgage Bankers Association meeting from November of 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.

http://www.europac.net

Category:

News & Politics

Tags:

• housing
• bailout
• bubble
• economic
• collapse
• dollar
• ron
• paul
• federal
• reserve
• money

[dlmaniac]

Peter was so on almost 3 years ago. Unbelievable. 5-star wisdom.

[kajgtlkjglkgj]

Could not agree more. I listened to his recent lecture at Mises Institute again this morning -- he is worthy of multiple listenings.

[jobedied]

His simple explanations bring to earth these complex schemes that these wall street noble prize winners believe are quantum mechanical mathematical magic investment vehicles ,that are really ponzi schemes packaged to pass as miracles. This political banking club of Ivy League morons believe they can levitate and create an economy based on pie in the sky castles and that this is real wealth.

[delatroy]

Agreed, very good grasp of the underlying forces and an excellent, persuasive speaker. His predictions have terrifying consequences which are unfolding at the moment.