Peter Schiff: The Man Who Called the Collapse

"This is not just a financial crisis, this is an economic collapse.

Our entire phony economy is collapsing around us. There's nothing the government can do to stop it. They should get out of the way and let it happen."

11/20/08

Category:

News & Politics

Tags:

• economy
• financial-crisis
• peter-schiff
• economics
• gold
• dollar
• money

[hummarstra]

When posting market related videos please indicate the date please. Thanks.

[PopulistParty]

good idea. added it to the description.

[kieronj]

USA is a sinking ship! It doesnt have a real manufacturing economy its just a bloated, in debt, morally dubious country nowadays and the rest of the world is laughing

[kieronj]

'The Chinese are commies!', 'the Russians are Crud' lolz!!!!!!!!!!! idiot!

[09Discovery]

0:58 Winnie the Pooh?

[bobby4500]

the dollar is collapsing

gold at 1380$ and eur dollar at 1,42$

[Cirris]

He's not dead on but yes Gold is trading much higher than the time of that show, 748. Gold is now at 1242.

If you played a long term play on gold you've made almost a 40% profit.

The US dollar hasn't collapsed yet like he said. However the Euro is in a huge sell off and it's most likely helping the US dollar remain stable as investors are looking for a safer place to hold currency.

I still have that "worse is yet to come" feeling.

[mzippi123]

Why hasn't someone come up with a Plan to give the money to the people. There are 300,000,000 people in the US 10% of the people make $250,000 up to $30,000,000,000. All we need to do is for the government to give the people making the $250,00 and up a .5% pre tax credit. The 184,000,000 that make $150,000 and under would receive $12,500 per person.Watch MZIPPI123 on you tube, under Economic Crisis Plan. EXECELLENT COMMENTARY AND GREAT PLAN. All it took was one housewife to come up with it.

[2012nugget]

Dont be silly,"we" Americans,get by day to day same as the rest of the world. 1% of the worlds population holds the worlds wealth.They are the ones who should answer for their greed. OnePeace

[unearth1980]

But we are already living that way, At least we could adopt , how about you americans?

[Nashy119]

They're either in denial or they are deluded.

If your going to buy time you have to do something useful with that time, if you don't it's just going to get worse.

[SilencerRPMs]

its true that everyone will get wet. Well the current world economic crisis has proven that they too have hit the water. They were on our boat and we sank it.  They will eventually have their own boat and will be safer then they are now.

[SilencerRPMs]

sounds like a propaganda fool

[2012nugget]

I truley hope it doesnt sink , the rest of the world is based on the dollar , u.s. sinks , we all get wet . Dont be ignorant and get caught laughing when it will affect you no matter where you live . OnePeace