Obama no smarter than Khrushchev or Mao, says top U.S. economist

U.S. Economist Peter Schiff-- who predicted the housing bubble and financial crisis years ago-- says that the Bush & Obama bailouts/stimulus will make the economic crisis much worse.

Schiff is the president of Europacific Capital where he oversees over a billion dollars in assets. His two books Crash Proof and Little Book Of Bull Moves In Bear Markets have been Amazon.com best-sellers for months. The video "Peter Schiff Was Right," currently has a million views on YouTube.

http://www.europac.net


Peter Schiff was Right:
http://www.youtube.com/watch?v=2I0QN-FYkpw

U.S. Economy: Philosopher's Stone:
http://www.youtube.com/watch?v=glNBro_BJZM

Category:

News & Politics

Tags:

• Peter
• Schiff
• Videos
• Barack
• Obama
• stimulus
• bailout
• Ron
• Paul
• economic
• collapse
• housing
• bubble
• dollar

[ab1tchslap]

He's pretty good at predicting recessions though. Doesn't that count for anything?

[whitethunder2]

why do you think. he didnt just pop out of no where. Peter schiff and ron paul have been making these predictions since bush took office. it takes the people to listen

[TheLandof420]

Schiff was spot on.

[Timmchrispops]

Mao may not have been a good man, but the cultural revolution was economically a huge success. 30 years, and nobody fucks with China. To imply he was not intelligent is ridiculous. Krushchev made mistakes, but he distanced himself from Stalin, which is commendable. Obama should be complemented, he's a great leader himself. Top economist my ass.

[Timmchrispops]

Mao may not have been a good man, but the cultural revolution was economically a huge success. 30 years, and nobody fucks with China.

[rocky4432901]

Rocky Reports........... This reporter is right! unfortunately for America!

[threepercenter03]

O fans; it's 2011, where's the 'change'? where's the 'hope'? Guess it's time to give up... you didn't get ur fair share of the wealth and all you have to look forward to is more debt and socialist laws. But, at least u can say ur "not racist"... that'll buy u a new home and car... NOT!!

[threepercenter03]

@SuperTB4 sucking Barry's lil' weenie isn't gonna get u a bigger slice of pie!! So put down ur fork and pay attention; equal share of pay for everyone is a fairytale!!! This is the land of opportunity; if u want riches, u have to earn it, not have Govt. steal it and distribute it!!!

[VictimOfBoredom]

thablackmarkit, dumber than a third coat of paint.

[SuperTB4]

I geuss looking back from today Peter Schiff is simply wrong. of course everyone loves a nay-sayer, but Peter Schiff here is just simply wrong. so for all you Schiff lovers, realize that he is a bull-shitter!!

[ekeyra]

@nonameposter Fuck europe and fuck your eurotrash bullshit.

[nonameposter]

Omg..US media is so stupid!! How can you compare a stimulus package or wellfare state with a communist dictatorship? This is such an insult against Europe. No, Norway is not a communist party dictatorship.

Under Mitterand, Brandt, Palme, Kreisky we had more than 10% growth every year. The role model must be to get back to the golden ages of capitalism: 1950 -1975. No unemployment, a strong wellfare state, massive economic growth. And yes, obama is a free market conservative..