Peter Schiff 3/13/09 - Speech at Austrian Scholars Conference [Part 1]

GREAT speech on America's Bubble Economy. Visit http://mises.org/media.aspx for more great media.

Category:

News & Politics

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• peter
• schiff
• videos
• march
• 2009
• ron
• paul
• bernanke
• greenspan
• federal
• reserve
• housing
• bubble

[SouthFacedWindows]

People are sheep thats why they didnt see it...they just follow the herd!!!

[4rcane]

rofl. So he was talking to the choir :)

[christo930]

It seems to me that there is an economic impossibility to have 2 bubbles in a row. How can everyone loose everything and then have enough left to inflate another bubble? It's clear that it was one big credit bubble blown up by Alan Greenspan and his Goldilox economic policies.

[Gunnarsguns]

This dude makes me sick.Whats he doing all over the net spewing basic common sense.WHY>>>WHY!

[SilverWealth23]

Everyone who cares please go to:

w w w EndTheFed . US

Huge end the fed rally APRIL 25TH in 40 cities, please support HR 1207 to audit the PRIVATELY OWNED FEDERAL RESERVE BANK!!

[MooseOfReason]

CarryANation, Listen to Peter's interviews in 2006. He said our economy was built on too much borrowing and consumption and not enough savings and production; that housing prices were artificially high and would come crashing back down to Earth; and that lenders would re-impose lending standards and tighten up on credit.

Everything he predicted came true.

About the run for Senate, Peter doesn't plan to. A fan of his set up a site to encourage him to run.

[MooseOfReason]

Any time, santsuma. :)

[santsuma]

Thanks Moose. I've just learned a new trick with you; to go to the exact time when posting a vid. link.

[Blackjack555]

"The trade of the petty usurer is hated with most reason:

it makes a profit from currency itself, instead of making it

from the process which currency was meant to serve.

Their common characteristic is obviously their sordid avarice."

-- Aristotle

[CaGgP]

He may have called too early for the decoupling, the fall of the dollar and the rise in foreign stocks. However we have not even reached the middle term in this crisis. Many things can change untill it´s over. I still believe he will be right in many things, especially if politicians keep doing ehat they are doing now. His arguments make perfenct sense. He only failed to see that wall street managed to "export" a lot of the bad credit out of the USA.

[miniccc]

Remember, you have to look at the BIG picture. Actually, Peter is correct when it comes to the greater scheme of things. He is right that our economy will collapse if our government keeps doing what its doing.