Stock market sell-off, phony recovery and Japan's election

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  • @Man2be23 "Peter we are in a crisis, do you think the govt. is just going to let the auto makers fail? That would cause great amount of ruin that will trickle down as greater depression to this already suffering economy."

    That's exactly what needs to happen. The market needs to take care of it. Governments can't create production, markets create production. Peter talks about this too.

  • Peter we are in a crisis, do you think the govt. is just going to let the auto makers fail? That would cause great amount of ruin that will trickle down as greater depression to this already suffering economy.

    It's clear that mistakes were made, it's up to us to keep in mind the law of polarity.

    I enjoyed your inputs, thanks.

  • I don't think we should listen to these so call experts because they don't know much more than we do. No one can predict anything, so stop listening to them and start working, saving, and buying only tangible assets with intrinsic values.

  • In May 2002, Schiffty Pete predicted that the Dow would fall to 2000 within two years. That never happened. I wonder if Schiffty Pete's plan to bomb Iran has any connection to his recent prediction that the price of gold will rise to $5,000 per ounce?

  • Tough sell... House prices are still artificially inflated..and not on track with what the average American makes. For millions of first time buyer, todays prices are still out of reach.

  • i will vote you as US pres

  • great video

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