Nov 2006 Peter Schiff Mortgage Bankers Speech Part 3 of 8

In 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.

Category:

News & Politics

Tags:

• Peter
• Schiff
• economy
• commentary
• analysis
• mortgage

[Sentinel4truth]

Brilliant! Schiff is my hero and mentor.

[madridisinSpain]

The most amazing thing of this guy is that he is just talking with common sense. Everyone can understand this. But why on earth nobody saw this coming?

[TWSceptic]

@madridisinSpain Because commons sense does not exist within keynesian economics.

[sha370z]

people took out home loans on dead people

[mjuslen]

@Pdrum2

schiffradio

[Pdrum2]

@Sentinel4truth I'd like learn finances from this guy.

[TheAttackRat]

from 2:00 he uses the example of henry hazlitt, you can see the influence on him. i actually read the same book 'economics in one lesson'. This book is still the best intro economics book i have read. i'd suggest to anyone to read it!

[forestskog]

@pretorious700 ok fair enough thanks for the info

[pretorious700]

@forestskog there were quite a few economists of the Austrian school who saw it coming, but no one was listening

[pretorious700]

there is a palpable tension among the attendees-it's like they are all thinking-"uh oh, our scam has been exposed"....lol

[Vednar1]

Awesome line,"...you use to buy a house because you could afford it, now you buy a house because you need money..."

It is very true.

[kkuhn]

@Sentinel4truth yes Schiff is the man... but to those who don't know look into one of Schiff's big influences von Mises and Austrian economics